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Re: iwondertoo post# 7866

Wednesday, 03/30/2011 4:47:53 PM

Wednesday, March 30, 2011 4:47:53 PM

Post# of 9091
I received the standard reply from Helix referancing their product and info in the filings. I got the same response when I asked them another question last year. I'm not sure they even read these emails.

St George doesn't want the company. They loan to Helix in order to get the high interest rate and 125% of their loan if Helix defaults. As long as people continue to buy this stock, St George will make money hand over fist. Generally, Helix discounts the stock they issue to note holders by 50%. Hence this is a cash-cow for St George when Helix defaults. It was only a matter of time. imo