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Hogwash lol
Paso has rights to the catalyst
Have a good night
Out
Paso$
Thanks for the breakdown
Have a good night
$paso
It states that the LOI doesn’t create obligation on either party, except for expressly provided for herein.
Doesn’t it state that the definitive agreement will be executed on/before the DD date?
Therefore IMO it is expressly provided in the language of the LOI
Am I reading that wrong?
It is getting late lol
This is taken directly from the LOI. It is in black and white
“After the parties have completed their due diligence investigation, or at the end of the expiration of the due diligence period, whichever comes first, the parties WILL sign a Definitive Agreement, formalizing the terms of this Letter of Intent.”
Also
“The signatories below agree to accept signatures transmitted by facsimile as a true and legally binding original document. This Letter of Intent will not be effective unless signed by both parties on the date first above mentioned.”
Let that sink in tonight.
There is a binding agreement that is contractually obligated to be executed at the end of the DD period. It doesn’t say it may be executed, it says clearly under #5 of the LOI that it WILL be executed after the DD is complete. IMO, this is why CLX had to request an extension and with all of these companies coming to fruition over this venture, obviously PASO “honored” their wish.
I have read my share of LOIs over the years and many/most do not contain binding language. This one on the other hand seems very solid
Read it over carefully and then read today’s announcement
The deal is done. It’s just taking longer than anticipated with all players involved
Better invest your money in a 1% certificate of deposit
Gltu
I’m staying put
Great DD here and nothing has changed but the timeline
PASO$
Check out some common patent laws for US PubCos
For those saying that PASO doesn’t own the rights to the patent are silly.
JGs post clearly states that he handed it over to his team to develop the concept.
He then turned around and spent 250k$ on PASO stock in the open market
Connect the dots
Paso$
To expand on this then....
Patent is owned by JG
The rights to that patent are owned by PASO
Paso$
So here’s my point
If a software engineer who works for apple develops a new operating system for the IPhone while working for apple, that technology isn’t apples??? It’s the person who developed it, even though they were being paid as an employee of a publicly owned company ???
In that case, anyone who creates a new idea for a company can branch off by themselves and start their own company
Paso
This BS that people are throwing around today in an effort to shake the tree is nothing short of a scare tactic to get cheaper shares.
We currently have everything we have ever had and more with the new players coming on board.
This would be a whole different ballgame if JG worked for a private company. At this point all of this rhetoric could potentially be founded and true
The fact of the matter is that he lead a publicly owned company and his team developed it, so it is owned by us.
No wonder he purchased those shares on the open market. He knows PASO owns the rights to the patent that is going to ignite this fuse.
$hitty day for share price, but the reality of it is, we are sitting in the same seat as we were yesterday. They just need more time to make it happen.
The technology doesn’t sell without PASO being on the launch pad. Fact
Have a good night everyone
PASO$
That is the sole and exact reason that JG purchased open market shares of PASO before stepping down.
He knows for fact that PASO owns what the JV (CLXHealth) is going to take worldwide.
PASO?
JG clearly states in his post that he gave the concept to his team to develop
His team is PASO employees
The technology is owned by us
People saying the boat will leave the yard without us on it doesn’t make any sense whatsoever
Facts certainly prevail
Paso$
Please correct me if I’m wrong, but there is one tremendous piece of information that everyone is missing here IMHO.
Joey G came up with a concept while leading PASO (a publicly owned company). Paso’s team formulated means to an application that will change the way the world communicates data. They then got the application patented. (All verifiable info from JG’s Instagram post).
It was at that point that huge companies with worldwide networking began contacting PASO to form JV to carry this technology worldwide.
JG steppes down from PASO and signed on with siriusIQ. It was before his departure that he purchased 10M shares of PASO on the open market.
My point is this.
The patent that makes this all work for these huge companies is owned by PASO
IMO this is the reason CLXHealth is PASO
CLXHealth is gathering all of the JV partners together, which they are doing right now with multi-billion dollar cap companies.
The fact of the matter is they are gathering all the troops on PASOs patent. Everything we seen yesterday (all the way down to the same logos) was on JGs posts.
Owned by PASO
Thoughts welcome
Thx
CDEL dodged a bullet
But it still allowed us here to grab some on sale
Paso$$
People who have been here and know the DD know PASOs potential is way bigger than we initially thought. Buy the cheap shares up
PRs will be coming soon
Look at the DD from yesterday alone
Paso$
Hoping for a massive squeeze in the middle of announcements leading us to blue skies to way higher levels
paso$$
Hey everyone
Twitter page just went official !!
Paso$$
Huge differences between JG and Greg R
Paso$$
That’s correct and JG already purchased 200k$ worth of PASO stock on the open market. He already knew this was going to happen weeks ago
Paso$$
This is the biggest DOT connected to date!!!! All of the amazing DD is tying together
Great job
That’s huge
Same software/formatting/logos
Paso$$
How often do you just stumble upon technology that has the potential to be incorporated into the daily lives of everyone WORLDWIDE????
JG purchased 200k$ worth of PASO on the open market
He knows where this is going
Paso$$
I noticed that too
Looks like it was designed with the same software
Let’s have a week!
Paso$
Agreed
Let’s have a week
$$paso
We get it....you sold
Congrats on the gains
I don’t think I ever seen anyone be so public on selling shares. You announced multiple times on here and Twitter.
Holy smokes
Paso$
100% agree with your statement. Up to this point, everything seems extremely promising based on the DD.
They have held up to their word, but we don’t know the exact details of the deal.
Either way we look at it, we are undervalued at the current PPS.
On the other hand, there are a lot of eyes on this one and MOMO alone could move this low floater extremely fast. Glty
Paso$
Panic sellers just gave their money away??!?
Going green
Stay tuned
Paso$
The ask has been thin for days....we keep up the bid support and we get to new highs easily before the 15th....maybe even today
Paso$$
May hit a new high today
Paso$$$
Looks like they are planning the rollout on the 15th for sure!!
All social media accounts point that direction as well
$paso
Understood
I still feel very strongly it will happen on July 15. The company has been very punctual with their timelines up to this point.
Their social media accounts also state that they will be updated on or before July 15,2020 (CLXHealth)
$paso
11s almost gone
Paso$
Actually, if I’m not mistaken Steve himself said it on the golden ticket videos and also released it on the spinoff announcement
They are also not declaring any dividends to shareholders in the foreseeable future......I thought Steve said they will be doing a dividend for the spinoff of the RXAir????
Come on??!?
VYST may have the product line to be successful, but truth be told with their management style is nothing short of horrendous.
Anything and everything they have released has never come to fruition and the only ones remaining are a few bag holders throwing things at the wall with the hopes of something eventually sticks.
I have been here longer than most and have seen the rise and fall of what seemed to be a legit business venture.
Hopes of a spinoff are all that is left at the current time. That being said, they still may be successful in the future, but there is an overwhelming amount of trust issues that need to be addressed.
Good luck to those that remain and maybe they will start rebuilding what they said they had.....until then, I’m out
100% fact
PASO$
Thanks BBW
Paso$
What are your thoughts on the dividend announcement?
Post merger?
Paso$
Is that an alpaca or a dragon lol
Either way better than I can do
$PASO
In all honesty, we do not know a deal is coming.
They have released many Company objectives that were supposed to come to fruition “shortly”, within a few weeks, etc
This took place almost a year ago.
They must stop releasing anything unless they plan on actually following through within the timeline they set.
Think about that....they are missing their own timeline and falling short on their own obligations. This creates serious trust issues with shareholders that are looking to invest in their future.
I invested in this company well over a year ago and have seen many committed investors leave due to these false promises.
Hopefully they get their $hit together and build their trust back with their core investors. If there are even any left.??
Their products have great potential in today’s market. They need leadership to make it happen.
Glty
I would have to agree to the fact that the first time I seen this email thread my thoughts toward Greg that I was defiant to accept may be reality.....
There are certainly some hostile opinions on this board due to lack of communication/information from Vystar.
This letter seems to be written by someone in desperation mode. This is a fact BBW
I still believe in their products very much, but there is a lot of work to do with their public relations and management team if they want to make this venture a success.
IMO
Correct me if I’m wrong here, but the valuations are only accurate if we do not do a proposed spinoff??
If we do the spinoff, we would only book the percentage of revenues that would remain under the VYST “roof”.
So, IMHO we should be doing financial analysis based off of theses numbers as well....
Vyst$