The part I like in your post is "O/S did not change as far back as 2005 so I will base it at 58 million shares.".
I am sure there are not many active pinksheet stocks that has not increased the O/S and Float in 5 years. Thats gives the investors a clue that HLXH is the real deal.
Note: Still waiting for 50 to 100 (atleast 1) penny stocks more undervalued than HLXH. Thanks.
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