A troubled Halifax-area software technology company is facing a hearing before the provincial securities regulator for alleged tardiness in filing its financial statements, reporting trades and notifying the regulator about defaulting on a loan.

Helical Corp. Inc. officers are expected to appear Oct. 5 for the hearing before the Nova Scotia Securities Commission. The commission on Sept. 19 issued a temporary cease-trade order on any shares of Helical.

But it appears little has gone right for many months at the company that specializes in spatial data management. On April 17, Helical, which changed its name from Enervision in 2004, was halted from trading on the TSX Venture Exchange for failure to comply with exchange requirements. When it ceased trading, shares were worth five cents. The company has moved to King Street in Dartmout from its former location on Halifax’s Barrington Street, according to information on the TSX Venture Exchange. Nobody answered phone calls made to Helical’s office on Wednesday.

Lowell Weir, who assumed duties as Helical’s chief financial officer and CEO this past June, according to a company news release, could not be reached for comment Wednesday.

In a statement of allegations that appears on the commission website, staff of the Nova Scotia Securities Commission allege they were notified Jan. 19 that Helical was in default of various loan agreements with a numbered company, 3104967 Nova Scotia Ltd., and that the company had moved on its right to take possession of the Helical assets, including shares of subsidiary EIT Inc...

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