Helix Technologies Inc. (fka HLIX)

[DBS02892]

Thanks for your reply e-ore ... That's what I am thinking too, that there is a possibility the lenders want to just take over and then replace the management team and give another shot to trying to turn SPKL into a successful business. Now not matter what, somebody (whether it's the lenders or a new buyer) will own all the assets at the end of the day, and there are some successful and profitable restaurants operated today by franchisees, so I don't think the Spicy Pickle franchise itself will be killed, or could it ?

Assuming the franchise survives, the assets find a new owner who wants to keep the business running, then does filing for bankrupcy potentially make sense ? I understand that can result in all existing equity stock getting canceled when the company then later emerges from backrupcy, but this doesn't always have to happen ...

Aston: in any case, I don't think that Laramie & Co. are going to line their pockets with the proceeds from the assets sales ... I mean they ran SPKL into the ground, their stock options are worthless, all they can do right now is keep paying themselves salaries, but hopefully that won't last too long either.And the lenders are the ones first in line to get their loan money back.

Anyway, I'm not an expert so my questions might not even make a ton of sense, but I'm interested in hearing what others think or know based on past experience