Helix Technologies Inc. (fka HLIX)

[NobleRoman]

MERGER - Dilution Concern ENDS Today

Just got blindsided by very interesting news. HELIX is merging with Medical outcomes Research Analysis. I don't know enough. This sounds great on the surface. News Source:

https://seekingalpha.com/news/3623106-helix-technologies-to-merge-medical-outcomes-research-analytics

"Upon completion of merger, both companies will become wholly owned subsidiaries of a newly formed company, Forian and expects to go public on the Nasdaq Stock Exchange.

Each Helix shareholders will receive 0.027 shares of Forian common stock. Additionally, at the time of merger, Forian will have in excess of $10M in cash available and will not incur any new debt to affect the merger."

Wait a minute. I just got this notification this morning. This PR came out on Saturday. I didn't even know it. Granted, I was out of town.

https://seekingalpha.com/pr/18047472-helix-technologies-inc-and-medical-outcomes-research-analytics-llc-to-combine

That solves the dilution issue. Remove the toxic waste. Although, they did do damage and scar us. But this sounds good. To go Nasdaq where KERN went through shady means. I don't anything know about MOR.

My 40,000 HLIX would convert to 1,080 shares of FORION on the Nasdaq. While I have no idea what the capital structure of FORION would look like, nor do I know what MOR looks like in its own right, I know Nasdaq has taller orders for listing standards as follows:

1. Shareholders Equity of at least $2,000,000
2. At least 100,000 shares of public float
3. A minimum of 300+ shareholders
4. Total assets of $4,000,000
5. At least two market makers
6. $3 minimum bid price of the company stock
7. Public float market value of $1,000,000

I get the feeling with KERN over there kissing $4.00 that FORION is going to open a lot higher than that. 1000 shares times that Nasdaq price will be X. Which I'm guessing will be more than what my 40,000 shares of HLIX are worth at 10 cents. I think that's a good bet. And with $10M to work with. That sounds better. This might be the answer to KERN.

Zac will no longer be CEO of the whole company. He can be overruled. The governance changes. For ZAC to do this, and with his new options that convert at 21 cents, I think this sounds like a good deal for shareholders. Those options would by necessity have the same conversion ratio.

The new Nasdaq stock would have to open at $4.00 for HLIX shareholders to realize an equal monetary value of their HLIX stock. That would be too close to the $3.00 minimal standards for Nasdaq and defy common sense. KERN, after all, opened at $10 or so by shady means on a SPAC to get to Nasdaq. This wouldn't be a shady way to Nasdaq. For Zac and other insiders to take a submissive position to MOR, that would by necessity of common sense dictate that it must be better for them. And if it's better for them, it should be better for the common as I see it. Which by necessity of pure logic would imply a capital structure that opens with a stock price on Nasdaq significantly higher than $4.00 per share.

Then you'd flip the tables on Jessica, the Queen of Carthage, the B herself of KERN, and become the dominant. Maybe she can call us Dominus and bow down to Rome. On her knees as her cash approaches levels we will be opening up with on Nasdaq as her superior. I like the sound of that.