Helix Wind Corp (HLXW)

[cowboy71558]

Pierson and Fife were both given 92,973 shares of Series A Perferred stock in exchange for their $43k note back in May 2011. Each share of Series A Perferred stock is convertible to 1,850 common shares. That equates to 172 million shares (92,973 x 1,850 = 172 million).

I believe you are going to see more conversions in order for them to cash out, before losing out. jmho