There was no dilution yet in that filing as I recall. Those are authorized shares. As I explained earlier, this low price is good in the fact that it limits their ability to acquire other companies. I want them to form strategic partnerships and focus on what they have. They want to buy more with money they don't have. So they want to use shares. Hence, they want to raise their ceiling.
That would come with more dilution but still not dilution for nothing. But so far, they haven't shown what Americanex is about. On the last filing, I saw zero sales. What the heck? How about show us what the Helix Exchange is all about tomorrow and quit cherry picking.
They said they could move the ceiling down if the stock stays above .20 for over 20 days. Or they could move it up even higher if it drops to 7 cents, which is precisely where I said I'd double down. Because they would have even less leverage to acquire someone. It would take that much more. It's not good to buy like that unless you have a very strong stock price. But it's not dilution YET.
I don't approve of that strategy. They must feel pressured by Kern's acqusitions to stay relevant, but Kern has a high stock price and a lot of cash. Let them burn their cash because it's hard to integrate. Digesting companies is not easy. But that's just my feelings. I'd still double down at 7 cents, and I'm happy with what I have here.
I'm not sure why some non-shareholders here that wanted to buy lower at 35 cents, then changed their mind to 10 cents, and then changed their mind again or so angry. I can only assume they must be experiencing losses on something they "didn't buy." It's better just to be honest. Honesty, of course, doesn't mean following bad orders. It just means being honest. Like, honestly flippping off corrupt enforcers of bad laws.
Will be interesting tomorrow. And if you can't fund operations through operating cash flow alone, you have no business buying anything else right now, Helix. What you need to do is consolidate all your toxic funding somehow. Once again, look to Noble Roman's (NROM) for guidance on how to consolidate everything into one simple loan. By diluting shareholders, they could still be more expensive than NROM, but NROM is now a higher stock price and rightly so. Just pizza and simple. Keep it simple. These guys are like what Warren Buffett says about people: That people have a perversion to make things unnecessarily complicated.
The House of Representatives has included the cannabis industry in the their proposal of the next round of stimulus if there is to be one. But I call that very slim chance of happening. But it would be so great for Helix if that were to happen. They need that. NROM got their payroll grant. Like many others. This industry, of course, the persecuted ones. At least sales should be good tomorrow I think in this CV19 situation. Cannabis and liquor, the dependable sin indulgences in times of crisis.
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