Patient Access Solutions, Inc.
HUGE Merger Folks!!! UST Global, SiriusIQ and CLX Health
The increase that has been approved by the majority of Shareholders is 1,750,000,000 and provides us flexibility to use a portion of these newly authorized shares to close the transaction with CLX, as well as with any other entity, by providing enough shares in the Treasury to issue a new series of Convertible Preferred shares envisioned to be priced at $15.00 per share.
This clearly provides the Company with a new class of security that will not be deemed a penny stock. It is believed that this will provide us access to both an entire new group of sophisticated and professional investors to finance our planned growth.
The Company wishes to announce today that it has approved two actions for its existing loyal shareholders as well as new prospective shareholders. Both these actions involve the new Series C Convertible Preferred Stock. The first is a dividend to all shareholders of record on September 18, 2020 at the close of the market. For every 5,000 shares of common stock then owned, each shareholder will receive one (1) Series C Convertible Preferred share. This equates to a 5% one-time dividend for any shareholder of record for every 5,000 shares owned. The second item the Company has authorized is a tender offer for all common shareholders of record on the same date.
This tender offer is envisioned to benefit our loyal long term shareholders by providing them a way to earn an annual rate of 6% on their investments as they wait for our Company to achieve all the success we believe we will. The way to do this is by exchanging your common shares for the new Series C Convertible Preferred stock. That conversion rate will be one (1) share of the new Preferred for every 250 shares of common owned.
PASO and its Board have been actively pursuing additional transactions in addition to the LOI with CLX Health, LLC. We look forward to sharing the results as they become available.
Joseph Gonzalez https://backend.otcmarkets.com/otcapi/company/financial-report/240429/content https://backend.otcmarkets.com/otcapi/company/financial-report/242201/content Jarvis Shockey https://backend.otcmarkets.com/otcapi/company/financial-report/240473/content https://backend.otcmarkets.com/otcapi/company/financial-report/241934/content
INSIDER BUYS ON THE OPEN MARKET
Patient Access Solutions Inc. Provides Corporate Update
Commack, NY, April 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Patient Access Solutions, Inc. (OTC PINK: PASO), a provider of technology and management solutions for the healthcare and financial industries, is proud to update its shareholders:
As we previously shared via our Corporate Twitter account, The Covid-19 Pandemic had a direct impact on the timeline of the negotiations and pending transaction with the Private Equity represented Merger Candidate. Throughout this unfortunate pause we continued to coordinate with our advisors and representation of all parties involved to assure the opportunity would remain active moving forward.
We are pleased to announce the process has been restarted with a target date to have a Letter of Intent (LOI) secured on or before May 29th with closing of the transaction before the end of June. The adjusted timeline is at the request of the Merger Candidate so as to secure two final agreements prior to the transaction. The Covid-19 situation that has impacted the world has ironically created an opportunity to restart the process sooner than was anticipated as Global M&A for the most part had been suspended.
With the transaction process being reinitiated we are pleased to announce that the previously announced dividend will be finalized in the coming days. We expect to have a formal announcement regarding calculations and shareholder minimums to participate next week.
The Board of Directors and Advisors are committed to transparency and appreciate the email requests for more information regarding potential merger candidates, confirmation of timelines, etc. We respectfully request that shareholders be patient during this last stretch as we cannot acknowledge anything more than has been communicated via our official twitter account or Press Release. It’s in the best interest of all shareholders that this final phase of the process remain highly confidential to protect the integrity of the transaction.
We once again want to assure our shareholders that the organization is committed to a transaction that will maximize shareholder value and that is the primary focus of all our activities.
About Patient Access Solutions Inc.(www.pashealth.com)
Patient Access Solutions Inc. (PASHealth) is a Healthcare Solutions company which has created a formidable array of technology, management resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare environment. For more information about the services and products of Patient Access Solutions, please visit our website at www.pashealth.com.
Patient Access Solutions Inc. Shareholder Update
Commack, NY, Feb. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Patient Access Solutions, Inc. (OTC PINK: PASO), a provider of technology and management solutions for the healthcare and financial industries, is proud to update its shareholders:
During the past month we had hoped to be in a position to announce completion of the Letter of Intent for the previously disclosed merger before the end of January, 2020. There have been several factors that have delayed completion of this step. We would like to assure shareholders that the merger negotiations are in a very active state. The merger candidate partner is represented by a New York, NY based private equity firm with $50 Billion Dollars under management and the deal size has several moving parts that need to be managed to make the entire transaction a success.
All Preferred Series A shares have been returned to the Corporate Treasury
Dec 16, 2019
All Preferred Series A shares have been returned to the Corporate Treasury. The BoD of the Company has signed a resolution canceling those shares. NV SOS is in the process of being updated. We will continue to update as developing events become formalized
Patient Access Solutions, Inc. Announces Return to Treasury of 25,000,000 Common Shares
Commack, New York, Aug. 22, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Patient Access Solutions, Inc. (OTC: PASO), a provider of technology and management solutions for the healthcare industry, is pleased to announce its Officers and Board of Directors have agreed to return twenty-five million (25,000,000) shares of common stock. The shares will be canceled and returned to the treasury to increase overall shareholder value.
The corporate growth is focused on efficiency, profitability, and expansion. Those key factors made it necessary to coordinate this step as we transition into the next phase of development as an organization. This restructuring allows the Company to build shareholder value and progress towards achieving its 2019 initiatives. The Company will update its shareholders over the coming weeks with additional information.
Patient Access Solutions Inc. Names Healthcare Industry Veteran to Board of Advisors
Patient Access Solutions Inc. Names Two Members to Board of Advisors
Additional: At this time, pre-merger operations of Patient Access Solutions, Inc’s annual financials have been submitted and posted accrued sales in excess of $2M as well as confirming its Regulation A Offering as currently non-effective.
Its easy to see why investors are excited about PASO; the beefed up bod has been accumulating stock on the open market and the Company does solid revenues and recently reported a net income of $190k for fiscal 2019 on revenues of $2.2 million.
They Also Have Little Debt, No Convertible Notes!!