Helix Technologies Inc. (fka HLIX)

[NobleRoman]

Invecta bought Helix Security for $1.7M

https://www.otcmarkets.com/filing/html?id=14306842&guid=_CU6UF3pD-JCryh


(a) The aggregate consideration for the Assets and the rights and benefits conferred herein (the “Purchase Price”) shall be (i) $1,750,000 (the “Base Purchase Price”), and (ii) the assumption of the Assumed Liabilities.


Looks like they take our security liabilities, but not our pending lawsuits. And I have no idea what this is about: "matters referenced in that certain letter dated January 7, 2020, from Michael P. Kane to Grant Whitus regarding a shooting at STEM School Highlands Ranch on May 7, 2019." They don't inherit that, whatever that is about. The only thing I can find on google is a random shooting at STEM high school from another depraved individual.

That doesn't seem like much. Helix paid less for Tan than I remembered in last post. It was actually $100,000 in cash and 250,000 shares.

I guess it's not enough to brag about. But it's comes on top of that previous $1M we got from accredited investors at 11 cents per share -- restricted shares. It knocks our top line down significantly and brings us to KERN levels (prior to their recent acquisitions). I hope the profitability situation looks good when all the dust clears. I'm too sleepy to really read more right now.

I don't know how KERN can be worth $85 million today. That can't be a true story over there. But if their cash burn continues at this rate, and their integration of their power grabs turns as sour as most disappointments, I don't expect them to have too much more cash than us at this time next year. Not witihout some serious dilution, anyway.