Hellix Ventures Inc (HLLXF)

[lamont814]

Hi Tycoon7.
Yes Hellix still exists. Read Mining Hound's post from last year on what transpired when he last spoke to Frank. Hellix is not allowed to trade on the exchanges until the CE (Caveat Emptor) placed on it a few years ago is lifted. Frank stopped updating the SEC when the Brenner thing went down. After a few years the SEC placed a CE hold on it because of non reporting. It wasn't done because of illegal or suspicious activity. There is no sense paying the SEC yearly admin and reporting fees while they were still litigating in court with the stock price on the decline. However that doesn't make Hellix a non-entity that can't do business. They can sell / keep the company and do whatever they want with the property. A CE has absolutely no bearing on that at all. In fact whenever they make any such move they have to convene the board of directors and notify major shareholders of any pending actions and /or votes that will be taking place. I'm a major shareholder and used to get notifications with absentee ballots when the board was convening a vote on any issue(s). I have to be notified because of my substantial stake in the company. I don't know if minor shareholders are assigned the same status in Canada. I voted on several occasions when the company was still going full steam ahead.
I've made the following key points numerous times in hopes they serve to provide a more accurate picture of the facts :
1. Hellix is debt free 2. The property is still owned by parent company Abingdon Ltd which is debt free and draws a continuous stream of revenue from oil royalties and other ventures. 3. The in-ground gold didn't simply vanish when trouble arose (this is a key point which has a huge bearing on the future). 4. Hellix can't be bankrupted because they carry no debt or counter-party liabilities which played a big role in my decision to invest. 5. We are still shareholders with the same standing as before Hellix went into hibernation so to speak. 6. Nobody would liquidate a mining company when they have no compelling reason to do so. Hellix has 3rd party certified mineral assays confirming in-ground gold. J_Dean, Mining Hound and I have been standing in faith for a long time. Hopefully after reading this I can add you to the club as well. 😇 Best wishes -Lamont