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Re: mining hound post# 572

Thursday, 10/05/2023 10:30:52 AM

Thursday, October 05, 2023 10:30:52 AM

Post# of 661
Thanks Mining Hound. Both those forms are SEC late filing forms needed to keep their trading eligibility and status up to date. If you fail to update the SEC over a certain time duration they gradually downgrade your status. Underhill stopped filing submissions and paying SEC admin fees when things went south. This resulted in Hellix being slowly downgraded to grey market status with a CE warning (Caveat Emptor) attached. Caveat Emptor is Latin for "Buyer Beware". Several times in the post threads I describe Brenner's activities and the Commission's findings. What he did prevented Hellix from obtaining a drilling permit due irregularities that needed to be cleared up. They were waiting on the permit to be approved until the Commission found out what Brenner was up to. Brenner's banned for life in Canada from trading and dealing in securities for lying to the Commission. They found out his family owns a foreign trading desk from which he transacted (naked shorted) Hellix stock. His activities crushed Hellix's stock price. As Brenner was crushing the price overseas he had to be buying large swaths of stock on the way down at the highly reduced prices he caused. He probably thought Frank would be dead by now giving him more control over the company. Frank has been through a lot and I have empathy for him. However so have we. I'm out $ 55,000.00 as a result of this drama. Frank rarely kept us up to date via normal protocol, never updated the website and eventually got nasty claiming we weren't helping him. He and his board were at the helm when Hellix was taken down not us. That's pouring salt in our wounds and insulting. Frank has most likely decided to stop beating this dead horse. Looking forward. The gold is still in the ground and the stock still held by Hellix. Frank knows that when the price of gold takes off a senior miner will likely swoop in and buy Hellix out. That's the usual business strategy of exploration companies and junior miners. If there are any disputes at that time a buyer with deep pockets will straighten the mess out so they can acquire the property and the stock. Best wishes to you -Lamont