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Re: roberteliates post# 8084

Friday, 07/01/2011 12:07:47 PM

Friday, July 01, 2011 12:07:47 PM

Post# of 9091
Be careful with this stock. If you go back and read their 8k's, and their Purchase and Exchange Agreement, Helix is actually in default of the terms of this Agreement. If St George decides to declare a default in these terms, then Helix will be forced to either pay St George or convert their note to shares (for which the A/S has been increased to 100 billion A/S). I would bet if you go back and look at the stock price and volume historically, you will see that the price and volume ticked up when Helix issued shares to convert notes to stock. The 8k's were released after the up tick in price and volume. jmho