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Monday, January 24, 2011 9:43:49 AM
Its not a good lawsuit in any way, shape or form, but to say that one lawsuit is going to be the bullet that puts the company down is wrong. The 'Writ' only means that helix can't sell or transfer its assets in order to hide them or anything else shady. It offers Bluewater the peace of mind is all. It doesn't grant ownership of the assets to Bluewater.
If you're going to invest in a company at these levels you shouldn't be surprised that it's in bad shape. ie, dilution, lawsuits, etc.
My gamble is that if the company hires a new CEO and be granted their patent that they will be able to survive the stortm.
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