Yes, merger is still proceeding. That is great. I really wasn't expecting this "late" filing to be so soon.
Some interesting stuff:
At September 30, 2016, and December 31, 2015, the Company had amounts due to related parties of $447,301 and $434,330, respectively. This amount includes $136,100 at September 30, 2016, and December 31, 2015, payable to two former directors and a current director for services rendered during 2007. This amount is to be paid part in cash and part in stock at a future date with the number of common shares determined by the fair value of the shares on the settlement date.
This is nothing in the way of how HLIX did things. Obviously, there are several paths to the same end game here. This is at least an alignment of interests. They don't want this stock "worthless" anymore than we do.
The OS went up since the last filing too. I'll have to fix that on the front page right now.
The number of shares outstanding of the registrant’s common stock, $0.001 par value (the only class of voting stock), at November 16, 2016, was 1,034,030
That's a 164,000 share increase, which is close to the amount of that 149,000-share settlement (rounding off). I feel like we are too small to worry about a reverse split, and I believe these two recipients are in alignment with our reverse-split concerns. So that's all good.
I like the idea of the commissary a lot better than the Café. But the café would make for a better story. It's just 1 unit though. If they plan to expand it with more company stores and/or a franchising model, it's hard to make a case for it. And restaurants don't excite me for investments. Still, they are more interesting to read about. At least Caie has longevity to insert into their story line.
I actually do have a lot of experience in the investment side of restaurants though. My tastes in restaurants are not exciting to the average Joe. My favorite restaurants are Denny's, Lubys, and Chipotle. I really don't want to eat anywhere else when eating out other than those 3 above. They are such healthy, low-calorie, highly satiating meals if you know what you are doing, and such good value. Denny's was actually a fantastic investment for me to when they fell to $4.00. Chipotle was a nice spinoff from MCD, a great turnaround story I got to participate in. Luby's is just great food and an awesome fit-menu that they don't advertise right. And they should offer it every day, not here and there.
The commissary, being wholesale, is better. I feel more certain that that's what we will get, and the café may or may not be a bonus. Any capital raised could even go to paying for shelving space in big and small grocery chains to get the product on the shelf. It's hard to get on those shelves without the right connections and the money when you are a small guy.
Caie's father (assuming that's her father) seems to be a well-connected guy on this end of the business. So I'm looking forward to this story getting off the ground in the next year or two. I feel good about this.
