so you think the LOI is still on?

Yes, LOIs fall through. But the companies involved don't frequently use the opportunity to commit securities fraud by pretending they didn't and using the opportunity to sell off shares.

Because they've branded this as a Covid-19 opportunity FINRA would be on them quickly and without fail. It wouldn't just be some disgruntled investors trying to come up with a legal case that is "not likely going anywhere".

https://www.finra.org/rules-guidance/key-topics/covid-19/covid-fraud-task-force

and you seriously think that there would be no repercussions? You didn't say why you think they would be stupid enough to think they would get away with it. Why would the primaries in the JV go along with it?

And then what? Bruce and JG and their families all sit around blinking and saying "What?"
If, as you contend, they were smart enough to create a scam this big then why do you think they are dumb enough to think that they will get away with it?

"... CLX REALIZES THEY'LL HAVE MORE MONEY FOR THEMSELVES BY STAYING PRIVATE."

I REALLY don't think that is something that UST, an enormous private company, would have been so late in realizing.
They would have never even bothered with the whole JV and RM since they could have done everything CLX is doing for themselves.

They want a public company and the JV is a way to get it without having regulators and pain in the ass stockholders poking into UST business.

Even though I said I wouldn't, I actually picked up a few thousand more myself. Not many, but if prices go high enough it won't take many to make a nice additional profit.
The people who sold can buy back in at a higher price and will contribute to the rise. To each their own. GLTA

Well put. The emotion over the PPS and speed is what is driving all the angst. This is not on any investor's schedule nor are they required to make it so.

Nobody should be losing their temper before EOD next Thursday.

https://www.sec.gov/fast-answers/answersform8khtm.html

"In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about."

The first item on the list of occurrences that obligate a public company to file a Form 8k is:

Item 1.01 Entry into a Material Definitive Agreement

"Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above."

A recent 8K isn't currently showing in the EDGER database for PASO. If the DA was signed on 12/31/2020 (last day of the 4th quarter) then that filing date deadline will be Thursday 1/7/2021. EDGAR filings must occur by 5:30pm ET. Nobody should be losing their temper before EOD next Thursday. Of course, there could be another extension coming out before then.

GLTY I'll miss your comments. You can always jump back in.

Someone wanted a bargain but needed it too bad to wait for another trading day.

True. Covid and its mutations will be with us for the foreseeable future and it's only a matter of time before the next virus comes along. Some company will come out on top in this lucrative new niche. I just hope it is the CLX\PASO post merger company.

No he didn't. So what's the PR?

Waiting isn't everyone's style. No shame in that. Glad you found such success!

Why would JG be tweeting about a PASO PR if there were no connection left between the companies?

There is still the chance of a PR from CLX as well. That will be interesting if it does happen.

Why is this new venture not something CLX would sign off on? We don't know their long term plans and this could easily be part of them.

Stop and think about this. This PR was from PASO, about PASO. No mention of CLX. IF this is the PR that JG was alluding to then CLX still has a say in the goings on at PASO. Otherwise why would JG have any say whatsoever in the final draft of a PASO PR?
The deal isn't off.

Playing devil's advocate here, even if the deal is off then we own stock in a company that is, at bare minimum, doubling it's sales with the high likelihood of going far beyond that. While it isn't the rocket that many hoped for it certainly isn't a flop either.

You should stop getting your facts from Parler. They are not known for reliable investment tips.

True. Perhaps I should consult my friend who reads Tarot cards.

Many choose to put holdings into a blind trust. It's easier if they have a lot of different stocks. Otherwise they have to be alert for conflict of interest problems. However, it isn't a rule or law. They can trade for themselves.

I have a feeling that, after having been silenced for so long, they'll want to make a big, dramatic, entrance when they come back.

I'm pretty sure JG would love to be tweeting everything like he did before he (probably) got his hands slapped for overstepping the NDA. I don't know that he's worried about the price. It'll be a whole different company when the merger takes place, with a whole different price. It's just my opinion but I suspect they have delayed so that they can bring so many signed contracts to the table that the valuation of the post-merger company will support a stock price that will make them viable for listing on NASDAQ, after all other requirements are met, of course.

The Hill Country is certainly beautiful. Maybe I'll end up there myself. GLTY

October 27th actually. Though, I admit, it seems like 6 months.

Most OTC investors are used to flipping or swing trades. Even longs don't usually hold for such an extended period of time. PASO is out of their comfort range and most are bored with waiting. They figure there are better uses for their money while the waiting is going on. They plan to jump back in when there is news, which will help propel the stock up when there finally is news.

Goes to show how closely watched PASO is. With confirmed good news it will take off like something designed by SpaceX.

I hope it comes today. But you never know. If memory serves they once dropped a PR on a Sunday.

Wish I could. I scraped the bottom of my brokerage account and searched between the couch cushions last dip. I'm done. Nothing left but the mortgage money and that isn't going anywhere, no matter how much I believe in PASO/CLX.

I'm not an attorney but IMO if CLX was mentioned in it then, per the non-disclosure, PASO would have needed prior written authorization to release it.

CLX has to approve any PRs put out by PASO and vice versa. Mutual agreement is necessary on anything released about the merger or DA. That said, if it were a delay then, as you said, it would be coming from PASO.

No disagreement there. Once the DA is signed regular updates should be forthcoming as they will want the stock price up as much as we do.

...or already signed and here are the contracts we have worth some figure with many zeros behind it.

Hopefully he's happy about it because it will be the end of being plagued by people demanding answers.

If that's real, I love it. ROFL!

That's been my pet theory for quite some time.

Actually, there is a reason "why Bruce can't give his share holders a update".

https://backend.otcmarkets.com/otcapi/company/financial-report/244343/content

See # 1.

Lol! The 15th is actually three 5s
Sounds good to me.

Sure hope so.

I'll reserve judgment until I see if this is just a FOMO move or not. Could all get nibbled down again this afternoon. But the interest is very obviously there. So many people are closely watching this stock, and poised to jump in, that it'll be insane when news breaks. This is one that definitely won't go down on news.

Agree. Some people want to have more obvious assurances though, and the more the better.

There might actually be bargain buying as it would be undeniable confirmation that the deal is still on.

Many here would be happy with an announcement of a delay. It would assure them that everything is still in effect. For a little while, at least.Pessimism dies hard.

"This is why conspiracies are so much fun."

They certainly can be fun.
It's the devotees who get a bit tiresome.

I'm so sorry. I hope your loved one comes through it OK. Most people don't understand how gut wrenching it is to not be able to be with them or even visit.
My brother had it and we thought it was all over, but he fought through it. Keep up the hope. The medical community has more experience in how to treat it now and outcomes are improving.