It's a solid based product, nobody is in there diluting, it's difficult to understand how they are screwing up their finances so bad...
This stock stayed in the 2.75 t0 3.25 range for the longest time, than with the news of their bridge loans, it kind of lost all the wind it had built up.
So the interest on the loan goes to 18% and the loaning company gets to dump 4.8 million shares on the market or are they restriced shares? is that about the sum of it all?? Yeah that would cause a selloff, we hit a 52 wk low today so maybe thats the bottom
The SEC made Helix Wind, Corp. (HLXW) file a "current report" on a termination of an agreement that both parties confirmed was what they wanted. With St George investments there "note" stated something along the lines of if your stock drops I want this. They got back their 4.8m shares they were obligated to and now the SEC wants to know whats going on. IMO when the merger with Venco Power did not happen investors had no need to stick around (they prob knew this before the 16th). With this decrease more followed and the SEC is just doing protocol.
Just because the company did not follow through with the agreement does not mean the company is headed in the wrong direction in fact it could just mean the opposite.
This is a risky security but with high risk their is higher reward. I really do see this as a great time to pick up shares and watch this company go back up .3 sooner than most think.
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