Hellix Ventures Inc (HLLXF)

[lamont814]

Hello all. I want to be clear as to my previous posts from today. Hellix is a company with board members and shareholders. Its not a mom and pop deal where if someone dies the other board members somehow inherit the company or it dies. Hellix has a parent company which ultimately decides its activities. Both Hellix and Abingdon, the parent company, are debt free without any exposure to counter party risk. The absence of counterparties means no outside source can lay claim to any of its assets in a bankruptcy challenge. You can't go bankrupt if have no debt. Hellix and Abingdon own all their properties outright. They have no loans or obligations to pay which means no counterparties to get in the way. That being said it should be easier to understand what I mean by the gold's still in the ground. Hellix and its shareholders own that gold. It didn't just disappear because they didn't obtain a drilling permit. The issue here is getting it out of the ground and who wants it bad enough. Despite its problems Hellix is in a better position than most of the other exploration companies. Those companies have loans, deals and obligations with outside institutions and financial entities. In other words they have counterparties that can lay claim their assets in the event they can't meet those obligations. Hellix has no such obligations and owes nobody. When the price of gold takes off for good there will be a scramble for precious metals, mining projects and prospects. The industry as a whole hasn't focused much on new projects in years. Yes there are new projects coming online but they are just ones that have been in the pipeline for a long time and were brought back to life by new management. What I'm talking about are new finds. When the price of the precious metals takes off this it will create a big jump in demand and a search for new prospects and projects. A company with debt and counterparty exposure is much less attractive than one without any debt at all. Hope this gives better clarity. The absence of pending lawsuits doesn't mean much. Hellix and its shareholders still have gold in the ground. Moving forward It's simply an issue of who wants the property and how much they're willing to pay for it. -Lamont