The PFI Group Investment club

[jeriko]

Sure smells like dilution to me:

HELIX WIND EXECUTES 'SECOND NOTE' OF FINANCING
Posted by marin2008
Friday, 30 April 2010
Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company, announced today the receipt of the second tranche, totaling $100,000, in the continuation of financing from St. George Investments, LLC.
As previously announced on April 6, 2010, the company secured financing from St. George Investments, LLC amounting to a total of $599,500 in funding with the potential to execute four additional Convertible Secured Promissory Notes. The receipt of the second tranche was accelerated for delivery to the Company on April 26, 2010 by executing the "Second Note." The remaining three additional notes with St. George are now anticipated to be executed over the next 75 days. Additional information can be found in Helix's Form 8-K, filed with the U.S. Securities and Exchange Commission on April 6, 2010.
Scott Weinbrandt, Helix Wind's Chairman, CEO & President said, "We are pleased to have executed the Second Note which was part of the financing transaction with St. George Investments and to have received funding earlier then scheduled. This funding, plus the remaining three notes in this round of financing will allow the Company to continue its efforts in completing Phase I of its operational plan. This includes completing the audit, filing its Form 10K, its first quarter Form 10Q, and completing the S-1 registration statement, while taking care of our customer base. We will continue to focus on securing the next tranche of capital with our financial partner, St. George Investments to get closure to enabling Helix to execute our next phase which is intended to allow Helix to pursue the numerous growth opportunities which have been identified."