Helix Wind Corp (HLXW)

[H8ster]

One thing to keep in mind is that Bluewater Partners is potentially a very, very shady company. I would imagine that Bluewater will let this sit for a while and not put too much pressure on them to pay. The only reason, possibly, that Bluewater took them to court to begin with, was because they knew Helix couldn't fight it. The last thing they want is Helix's and Bluewater's history tossed around in a court of law. The Bluewater guy, Myron Guslak, who orchestrated the deal that Helix inherited, when they merged with Clearview Acquisitions currently sits in jail for stock fraud.
http://www.caymannewsservice.com/business/2010/11/18/cayman-mansion-owner-gets-six-years-jail-time
The deal with Clearview.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6310546

Guslak made a habit out of scamming Marcus Segal's other companies as well. Stargold Mines and Star Energy. BTW, Marcus Segal owned Black Sea Oil & Gas which changed its name to Clearview Acquisitions. Which then merged with Helix. They merged with Helix just weeks after Clearview initiated a 1-1000 R/S. Segal and his crew then resigned, took their cash and split. Fast forward one year later, the entire roof instantly collapses in on Helix.

As for the new CEO, Tilton, I feel, is the best guy for the job right now. I want a guy that can fully understand the numbers, crunch the numbers, and increase shareholder value. Odds are, this ship has been too badly damaged to sail again. But, regardless, it still has a sail and the ship is still floating. A patent makes for a pretty good patch kit. But there a lot of holes that need fixing. I will be trying diligently to get Tilton to look into the Guslak deal. Just as I have done with Claudio. As CFO since the beginning, Claudio had to of known about Guslak's dealings.

I give a Helix a 30% chance of surviving on its own. A 70% chance of being bought out. The product is still a great product. The recent article regarding the Navy is a great update.

The only reason it is down is because of potentially corrupt and unethical lenders, ie, Bluewater and St. George, where Myron Guslak and John Fife have both been convicted of stock manipulation/fraud.
Fife got off with fines and probation while Guslak sits in prison. Meanwhile, Helix has paid over 1.6 million to Fife in penalties and only god knows how much Guslak made since 2006 when his deals first started. But, perhaps, it all comes down to, and perhaps mainly, to the colossal blundering of Ian Gardner and Scott Weinbrandt as CEO and President. Bad business deals on their part such as the failure of the Abundant Renewable Energy, LLC, and the Renewable Energy Engineering, LLC, asset purchase, cost Helix over a million dollars. More importantly, it also resulted in their failure to raise 5 million bucks which essentially stopped all progress on international sales, cell phone towers, oil well pumping, etc, etc, and forced them into the toxic deal with St. George to stay alive. Couple that with Bluewater's deal....Ouch. The patent is their life support right now. It gives the company value. A heartbeat.

Now, consider manipulation by Helix. Their new MO seems to be announcing bad news with good news. They got their patent allowance on 18th of January. Learned they would get it in an interview with the USPTO on the 14th. But waited to announce it until after they announced the bad news. On the 26th. Same with the latest 8K. Those default judgments were granted the same day they were applied for. January 20th is when the courts granted the default to Bluewater. Helix says they received notice on March 2nd. 41 days after the judgment. Helix is supposed to have the option of appealing the decision 30 days after judgment. So, it is most likely, they were notified immediately after the verdict. Not 41 days afterwards!! Plus, it cost next to nothing to appeal. Granted, they would still not fight it, but it would grant them time. And they release it right after a blatant pump!!!?? My ass! Helix waited to announce it until they had good news to report in order to offset it. So basically, it appears that the patent news and the St George financing deal was meant to offset the loss of the OMRF deal, the loss of their manufacturer and the request for defaults by Bluewater, etc. The news of a new CEO was meant to offset the news of the default judgments. BTW, For what its worth, the Bluewater judgment is for $652,456.42. Not $647K. Just 5K more, but still. So, with all that in mind, I expect we'll continue to get the good with the bad. Perhaps its a good thing. Controls volatility.

Regarding the latest pump and dump....Ask yourself. Now that you know Bluewater knew of this judgment since Jan 20. Knowing that they have a history of corruption doesn't it make sense that they would short the living daylights out of this company during the latest pump and dump? I have no proof they shorted or that Helix shorted or that St George shorted or they had their friends short. Although, I do know that where's there's smoke there's usually fire. We are swimming with sharks. Expect to bit every now and then.

As for the PPS, remember, everything we know about the company is already factored into the price. People seem to forget that. Its at these levels for a reason. If it wasn't for the patent, this would be sub .0005's. The patent alone is keeping this above. As for monday, we'll see how the announced judgements and new CEO factors in. Which will outweigh the other?

This is my one allowable post per day for Helix, as deemed possible by the brains of iHub.

As for my position, I held 1,628,000 shares at an averaged down price of .0028ish. I sold 1,500,000 during the latest pump at .0014. I have 128,000 remaining. I plan to re-buy if it falls further. If not, I'll just hold what i got. Do your DD! Follow the money!