The real kicker about that lawsuit onlong with all the debt conversions, at least to me, is that it says the company doesn't have the cashflow necessary to pay back its loans. Potential creditors could be leary in providing the financial backing that Helix needs to be a real competitor.
With regards to the lawsuit, Bluewater sued (imo) because they wanted cash and declined to convert their debt to stock. And Helix didn't fight this in court because they didn't have the cashflow to sustain a fight. Hence the court's ruling. Unfortunately, that left Helix with $650k judgement versus a $350k judgement.
I expect Helix to continue to print shares until they can get a large enough contract to install Helix turbines to be able to leverage that contract in order to get the financing necessary to manufacture those turbines and to move forward. aimo
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