Hellix Ventures Inc (HLLXF)

[lamont814]

Hi J. I wouldn't say Brenner is out of the picture he is simply stuck in the mess he created. Frank's mining strategy has always been to attract a senior to buy them out. I researched Frank as much as I could before buying into Hellix. In that audio I sent you awhile back Frank explains this very thing. It takes a lot of capital and time to take a mining property from infancy to a major producer / player. God forbid Frank dies but that has no bearing on Hellix as a company with shareholders. He's a senior board member and stock holder but Hellix doesn't disappear with him out of the picture. We can only be swept aside if Hellix were to be liquidated in a bankruptcy proceeding. Hellix has no debt therefore has no debt obligations weighing it down. Abingdon, the parent company, is debt free and flush with cash from a continuous stream of royalties from it's gas and oil exploration properties. I would not have invested in Hellix if they carried debt as an exploration company trying to break into the mining sector. The other strong factor was Bob's influence. If Hellix were indebted they would have folded a long time ago. Abingdon wouldn't drain its balance sheet trying to keep Hellix afloat. They obviously have sound business sense. Its Brenner and the legal drama that makes this look so bad. I've said so many times in past posts that the gold is still in the ground. Hellix is a debt free company stuck in an unfortunate waiting game brought on by one its own board members. If Frank was a Canadian with money and influence this wouldn't even have happened. He could have persuaded the Commission to prosecute Brenner for his actions. That would have restored confidence in the company and a drill permit would have followed. Instead they chose to stay out of it except to ban Brenner for life from engaging in any further securities activity. They didn't waste any time and money rendering that decision. The onus was put on Frank and Hellix to clean up its mess. Hellix was slowly downgraded to grey market status over the years because Frank didn't want to waste any more money on SEC admin and filing fees. He knew he would just be throwing good money after bad. Grey status doesn't infer any criminal activity, its because he let Hellix's status with the SEC lapse. Understandably all this drama caused a lot of people to flee the stock and give up. I find no reason at this point to cast my hope to the wind. However its been a big drain on our resolve, patience and wallets. Best wishes to you J. Thanks for chiming in bud. -Lamont