A few reasons why I'm holding long:
From the 4/16 PR:
"Helix TCS reported fourth quarter revenue that rose 189% to $3.45 million and robust 40% gross profit margins. In addition to its leading U.S. market share, the company expanded into Colombia, Australia, United Kingdom, and New Zealand to diversify and expand its revenue over the past three months. Management hopes that international expansion will help establish early market share in newly legalized markets while reducing overall geopolitical risk."
I'm ok with the small sell chunks because the qtr over qtr numbers are outstanding. Think they won't be around when things get legalized? The SAFE Banking Act is a good thing for them, they've been waiting for it lets see how things turn out in a few weeks. They are established and if they don't flourish on their own another financial firm will pick them up just for the existing customer base imo. Part of the legalization agreements as I understand them is they gotta track everything from start to finish and hlix is right there yeah?
Maybe they fund payroll with the sells too, the timing is about right. A lot of glassdoor reviews also mention stock options to keep talent, maybe related. One site mentions they have over 150 employees? As long as I don't start seeing million share sell offers I'm not too concerned as long as they keep the numbers up.
I think they are hitting on all cylinders, the float is low enough, and if volume ever picks back up those sells get dissolved in the intraday anyway. When this thing trades heavy it goes up fast and those that have watched this can back me there.
GLA!
