Helix Technologies Inc. (fka HLIX)

[NobleRoman]

Oh Wow! Thanks for bringing that to my attention, KP. I didn't even see that. Based on my understanding, I love what I see here:

On June 1, 2020 and June 2, 2020, Helix Technologies, Inc., a Delaware corporation (the “Company”), entered into subscription agreements (the “June Subscription Agreements”) with a total of 23 accredited investors (the “June Investors”). Pursuant to the June Subscription Agreements, the June Investors purchased 7,527,157 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), for an aggregate purchase price of $827,987, or $0.11 per share.

Previously, on May 20, 2020 and May 21, 2020, the Company entered into subscription agreements (the “May Subscription Agreements,” and together with the June Subscription Agreements, the “Subscription Agreements”) with a total of three accredited investors (the “May Investors,” and together with the June Investors, the “Investors”). Pursuant to the May Subscription Agreements, the May Investors purchased 3,636,364 shares of Common Stock, for an aggregate purchase price of $400,000, or $0.11 per share.


Source: https://www.otcmarkets.com/filing/html?id=14203584&guid=-gaHUFii5rzbH3h

So that's $1.2M in cash on our balance sheet. Then reading more, they are RESTRICTED shares. That means, they can't be sold for a year to my understanding based on standard SEC rule 144.

That's dilutive but not toxic. And dilution isn't necessarily a bad thing when it comes with cash. That's real cash coming in whereas a conversion of a note is just dilution. This isn't shady like discount to any market price at any given time. That's just a discount at today's price. No, "shady" is not even the right term as that implies nefarious. Not toxic, I should say. To my tastes. We all had that opportunity to buy shares at .11 cents a few weeks ago too. Don't look at me! I bought at .12. I'm not the one smoking the product around here! LOL

And it looks like it happened during the time our price was at around .11 too. Unless it was very end of that time frame of May 20th, which is when the stock shot to the 20s. Maybe that's why it did. Maybe some inside information. I don't know, but I like that!

That might be one of the things they were "working on," although I'd like to see something really big in the range of $11 M from a capital raise at $1.00! Someday, perhaps! IFFFF this can carry them to profitability, that would be great! It's not like we have a bad cash burn going on here like at Khiron and Kern.

If I knew that was hapopening as I was sitting on .11, I would have doubled down again. Rather than waiting for 7 cents like, ahem, what's his name.

And, no, they didn't sell them to insiders. They sold them to accredited investors.