I'm sorry you took it on the chin, Whatsup. So my understanding, and correct me if I'm wrong, but you are saying you bought 200,000 at around $2.00?
That's a lot of money. I don't like predatory lenders. To me, that's what it's about here more than anything. And not just HLIX. It doesn't matter how savvy one is. Behavioral finance is a real science. People like high prices and they don't like low prices. As illogical as it is.
I truly hope a good firm is in the cards. Just one big loan. I keep coming back to NROM because they got financing, and they had the money to pay off the subordinate notes that were due last December. But they couldn't pay anyone off until the senior note was in paid in full. So, the senior was holding us hostage. Finally, a firm to the rescue. And everything was refinanced. Just simple. And the subordinates that didn't want to be paid off agreed to extend their due dates.
It also took a lot of dilution off the table for them. Because they had convertibles at .50. Now they have one loan of $8M. Why can't HLIX get a good $8M? Their sales have now exceeded NROM. In the cannabis industry, a sin stock. That's good. Pay off all loans. It could be a fixed rate of say 8% plus LIBOR and in NROM's case, they tacked on PIK interest of 3% on top of that. Which improves cash flow, is an option to pay off early, but good for lender if you can't pay at end of note. So they can take some ownership.
Anyway, do that here. Even with a PIK, it owuld be real good for HLIX I think. Take all this dilution off. Have the remaining capital left over, and they son't have a big cash burn. And let them have warrants priced significantly hire. 3 tranches if goals are met, which would be cash in our coffers and stock holder appreciation for us. That's what I want to see. Something big and substantial. And if NROM can get it, I think HLIX can get it.
And then KERN can come down to meet us. We can flip them off as we pass them up, and one day you can recoup your investment. And I'll be sitting pretty with free shares again, my MO. :) And then Mr. loud mouth down there, Mr. Big D, the not so *steady* stable one, can vanish into the woodwork. As they all do. They come out of the woodwork at times like this, only to mysteriously vanish. Like that delusional character dressed in tights and a cape here, once upon a time.
