It's interesting they say this:
"Helix will use the net proceeds to pay off existing liabilities and strengthen its working capital position."
I only skimmed it before. That's great! That's what I just finished saying -- that I hope they can consolidate their debt situation this way. I hope this removes our toxic situation. They don't say how much, but if it can pay off ALL long-term liabilities, that would be great.
It's interesting that they purchased TAN a year or so ago. So, it's not really "solidifying a transition" in the implied sense. It's really a shift in strategy if you ask me. A new direction. Higher-margin software. Security the way Blackberry is doing it - my other contrarian tech play. But this one focused on cannabis security. It's no longer the "full suite" but it is security and transport by other means. Hopefully good relations with our new buyer can translate into more business for both parties. We can refer our new business to them for those needs, and vice versa! I'd like to see that.
It was indeed a growing business for HLIX too. Pretty significant on revenues. So, I hope that commanded a good price. It would be really great if this was a step taken to satisfy someone that wants to give us a lot of money at very good terms. I have no idea, but that would be nice.
It continues to be a great adventure, that's for sure. Now we need to replace this lost revenue. With a high-growth focus, I'm hoping... Time to take some KERN business away from KERN.
AI
