Hellix Ventures Inc (HLLXF)

[lamont814]

Hi Tyccon_7
Yes thank God Frank is alive. However if he were to be taken out of the picture that doesn't end Hellix. Hellix Ventures is a company with a Board Of Directors, shareholders and a parent company. The loss of a board member doesn't fold it. Hellix's parent company has ultimate control. In numerous posts I've reminded everyone the gold is still in the ground. We don't know what blocked the drill permit because Frank never let us know. There doesn't seem to be anymore pending litigation. I'm already out major money so I'm not going throw anymore at it trying to find out. Exploration companies usually don't plan on keeping properties long term. The payoff comes many years later when the mine(s) are put online and start producing. There is a lot of cost and time involved in bringing a mine online so they usually hope for a senior to come in and buy them out. Frank talked about that very strategy in an interview he gave over 12 years ago. My strong suspicion is that when the Commission found out Brenner was violating Canadian securities law they banned him and took the additional step of placing a hold on the drilling permit. Hellix carries no debt, the parent company has a continuous revenue stream and holds no debt. If a buyer wants the property bad enough it will force a resolution of any issues standing in the way. Money is a big motivator. Hellix will fill Frank's position with a qualified candidate if and when that becomes necessary. We don't know if he's been shopping the property to potential buyers. My suspicion he hasn't because the price of gold has MUCH higher to go. Gold jumped almost $60 / ounce on Friday and is just getting started. Best wishes -Lamont