Feb 14 8k shows HLIX sold $660k of biotrack's receivables for immediate $485k and founders personally guaranteed.
It's NOT $1M.
It's NOT even credit line.
They sold earned revenues at 73.5 cents on the dollar to bring in less than a half mil in cash.
HLIX is a public company so careful about lying Venegas. One screenshot to sec of you lying about black&white 8k would be drama drama drama.
Also big round of applause for founders to personal guarantee that company will successfully collect on its current receivables. *sarcasm* Doubt it keeps you up at night bc should be 0% risk there. If there is risk that the company cannot do even that, then founders shouldn't be leading.
If founders could *not* care less about 2 grand then why send signal to the market that $.11 is an acceptable valuation for only 2 grand? Isn't it worth foregoing 2 grand to instill confidence in market that $.11 so undervalues company that founders will not sell at that price under any circumstance?
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