Helix Wind Corp (HLXW)

[cowboy71558]

Take a closer look at the default triggers associated with the Purchase Agreement. One of the triggering events is if the VWAP drops below .0002 where it use to be .0005 That tells me that they expect the price to drop to at least .0002 and with 100 billion A/S to play with, they will be able to print shares to convert their loans. Also, notice that if you go back to the Purchase and Exchange Agreement released in the March 23rd 8k, there use to be three triggering events (i, ii, and iii). According to this most recent 8k, there are only two triggering events (i and iii). They use to include a 5-day average trading volume dollars. So, I believe the missing triggering event (item "ii") in this 8k related to the 5-day average trading volume dollars, which use to be $25k. They would have to trade on average approximately 50 million shares per day to meet this one. One they know that's not going to happen, so they dropped it and just didn't update their 8k to reflect just two triggering events.

I don't trust this mgmt. I firmly believe they are in bed with St George and as long as people continue to buy this stock, then both mgmt and St George will come out winners. There will be very few shareholder winners, if any. jmho