As long as convertible debt holders continue to cash in on their notes, it'll max itself out soon enough. That's most likely why they got the additional loan from St George. If anything, that loan by St George has bought them time. 4 months perhaps. Which is an eternity. Maybe they'll increase the A/S and get even more time. Who's to say. There will eventually be a RS, but I doubt that will happen anytime soon.
I highly doubt that St George would of given them that loan if they thought the company was going down. St George knows about the dilution and they know about every other negative thing going on. I assume they know whats going on behind the scenes as far as new deals coming up as a result of the patent as well. St George owns 10% of this company. Its in their best interests to see it succeed and to protect their investment.
Which leads to Solar Blue. What Solar Blue is doing, simply put, is looking for a wind turbine model to use for Lincoln Field. They want to use somebody's design and take it to their own manufacturers, etc, etc. Basically, IF SELECTED by Solar Blue, Helix, as a result of the patent, will franchise out their turbines to Solar Blue, allowing Solar Blue the right to produce and sell Helix's products using its name and trademark. And they'll assist in whatever way Solar Blue wants them to. In return, Helix will receive various fees and royalties. Additionally, Helix will be free of the burden of having to manufacture the turbines themselves.
Who knows whatever else they have in the mix, now that they can protect their intellectual property and license out their blueprints. St George thinks they will overcome their obstacles and betting 455K that they do. So, at present date, as much as basic logic says to sell, I'm going to cautiously hold, for now. Take it day by day and possibly buy more on the dips. If there are any dips, that is, and see how this thing unfolds.
This is, without a doubt, a very scary stock to be in right now because of all the unknowns. Had there not been a patent allowance, the decision to buy, sell, or hold would be much easier.
Right now, the whole game plan has changed. So, here's a toast to a maxed out O/S coming soon, a 455K loan to survive, and at least 4 more months for Kevin Claudio to get things moving.
Cheers
