Edd Helms Group Purchase Completed by Wade & Vicki Helms

Rhea-AI Summary

Edd Helms Group, Inc. announced the completion of its acquisition by Wade Helms and Vicki Helms, which began in June 2010 and concluded in May 2020. Following this acquisition, the Helms Trust holds approximately 80% of outstanding shares. Wade Helms has assumed the roles of Chairman, President, and CEO since June 2010, with Dean Goodson as CFO and David Helms on the Board. This acquisition followed a reverse stock split on June 8, 2009, and led to Edd Helms Group becoming privately held, terminating its SEC reporting obligations.

Positive

• Acquisition completion indicates a consolidation of ownership, potentially stabilizing decision-making.
• Wade Helms' leadership roles may enhance strategic direction and company focus.

Negative

• The transition to a privately-held entity removes public oversight, which may pose transparency concerns for investors.
• Termination of SEC reporting obligations could lead to decreased information availability for stakeholders.

 FORT LAUDERDALE, Fla., April 21, 2022 /PRNewswire/ -- Edd Helms Group, Inc. (OTC symbol: edhd.pk) today announced that its acquisition by Wade Helms & Vicki Helms from W. Edd Helms, Jr. has been completed. The purchase was made in June 2010 and completed in May 2020. All terms of the purchase of all shares owned by W. Edd Helms Jr. were satisfied. Following this acquisition, the L. Wade Helms and Vicki Stein Helms AB Living Trust owned approximately 80% of the outstanding shares of Edd Helms Group. Wade Helms became the Chairman, President and CEO in June 2010 along with Dean Goodson (CFO) and David Helms as members of the Board Directors. 

Edd Helms Group sold to Wade & Vicki Helms

This purchase followed the reverse stock split effective June 8, 2009, at which time the Company became privately-held. As a privately-held company, Edd Helms Group, Inc. terminated its periodic reporting obligations to the SEC.  

Contact: 
Wade Helms 
1-800-329-2520 
whelms@eddhelms.com  

View original content:https://www.prnewswire.com/news-releases/edd-helms-group-purchase-completed-by-wade--vicki-helms-301530287.html

SOURCE Edd Helms Group, Inc.

FAQ

What are the details of the Edd Helms Group acquisition by Wade and Vicki Helms?

The acquisition was initiated in June 2010 and completed in May 2020, with the Helms Trust acquiring approximately 80% of shares.

When did Wade Helms become the CEO of Edd Helms Group?

Wade Helms became Chairman, President, and CEO in June 2010.

What happened to Edd Helms Group's SEC reporting obligations?

Edd Helms Group terminated its periodic reporting obligations to the SEC after becoming privately held.

What percentage of shares does the Helms Trust own after the acquisition?

The Helms Trust owns approximately 80% of the outstanding shares of Edd Helms Group.