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PR came sooner than I expected. Company is following through on the promised dividend. That alone should be a reassuring fact.
Wouldn’t be surprised if we see a PR on the 18th clarifying the Preferred share tender offer details.
The company probably has something ready to go.
Nervous Nellys make bad drivers and worse traders.
TruPass and Healthy America TM's have the same birthday (4/27/2020):
Later, the space was taken out of HealthyAmerica TM.
https://www.trademark247.com/transunion%2Bhealthcare%2C%2Binc.-13413287.html
TruPass Trademark and service mark
HealthyAmerica TM and service mark
My trademark application has been “published for opposition.” What does that mean?
I think so. App may have changed names or as you mentioned, TruPass may be the App and Healthy America the overarching program.
We can Definitively say that this is TRU and I'm Sirius (IQ is high on this board) that:
My guess is that it does, but that is just a WAG. DA is done in Quarter 4 (most likely early Q4 per tweet). The closing of the RM is what is really going to move this.
I wonder how many people play several quarters of the game and then give up before the 4th Quarter (sell due to fear). The 4th Quarter is the time to close out the game, not give up. I'm gearing up for a 4th Quarter to remember.
No question that TruPass is Healthy America as the source link goes directly to Healthy America. I highlighted it so it would not be overlooked. I know my first pass through your post I totally missed the source link below that clearly says Healthy America (the main point of your post).
Source Link goes to Healthy America news:
https://solutions.transunion.com/healthy-america/?=undefined
Excellent find Doog by doing Tru DD.
Wording is uncannily similar to HealthyAmericaTM news.
I believe you’re right. They switched from TruPass to Healthy America for whatever reason.
Great post. I thought it was simple and clear too.
Thanks BBW. Always on top of all the DD details.
That’s right Doog. You’ve been pounding the table on the Contracts. RMs are huge catalysts in their own right, but what really will move the SP needle is the contracts, deals and revenues. Show me the money!
JG does not announce partnerships with no revenue involved, as he responded in this tweet a few weeks ago:
Many seem to think that PASO should be priced much higher. I price RM candidates (That have been announced) with a decent SS in the $0.01 to $0.10 range before ink has hit paper and prior to the revenue Reveal.
...but, but PASO hit 16 cents. Yes, that was in anticipation of the LOI closing.
We should see 0.20-0.25 when the DA is signed.
Once the Merger closes, audited fins are released and the partner revenue sharing revealed, then the real run starts as Chuck Norris so eloquently illustrated in the sticky.
Doog, BBW and many others on here who have been through several Reverse Mergers could layout the typical process. It’s nothing worth a sticky at this point IMO, since it is still too speculative.
PASO is Not the typical RM (a shell company becoming the public vehicle for a private company). PASO wasn’t a shell.
Once a few more bread crumbs are revealed, we will know how close certain realities are. When we see a company name change on NV SOS, and/or a new CUSIP number then we will know we are close and those types of updates would be worth a sticky or some coins.
The increase in Authorized Shares should have been approved and filed with NV SOS. Anyone check NV SOS for other updates lately??
Most likely the company name and ticker symbol will change to better reflect the company merging into PASO (CLXHealth). A company Name change will first show up as a name change with the SOS and a form has to be sent to FINRA because it’s a corporate action. Corporate Actions include mergers, company name changes, ticker symbol changes, dividends among several other things. There should be a new CUSIP number issued as well.
When a RM completes there should be a super 8K or a 8K at the very least. When the Company name change and ticker change take effect, the old PASO shares will need to be vacated and replaced by the new shares (CLXH or whatever the new ticker symbol is). This is done by the Depository Trust Company (DTC). Imagine a store employee replacing an expired gallon of milk with a new gallon.
You will not need to exchange your shares yourself. This is done automatically. Sometimes there can be some issues with buying/selling shares during a ticker change, but everything is usually resolved in a few hours or By the next trading day.
They could stick with PASO since it is still somewhat apropos, but I would think that the BOD elects to change the company name and ticker symbol.
A new CUSIP number and a company name change with the SOS will be the first hints we will likely see.
Exactly. I’ve yet to come across a stock that moves in a nice 45 degree upslope line. There are always rips and dips due to the any number of catalysts as you mentioned.
Is the guy with the PASO SP yo-yo walking up or down the stairs? Simple as that. People seem to want continuous green candles. We know we will see a multi day run soon with the DA at the doorstep.
You mean there can be a red candle after a big green candle? SMH.
Totally agree. They want to get away from the penny stock stigma. From the PR:
I updated my last post with more info. It appears to me that holding preferreds would give some short of hedge or buffer against an RS.
However, if you chose to convert them to common, the shares would be adjusted to the RS accordingly.
I think it is somewhat of a moot point since PASO would not issue a bunch of convertible preferred shares if they thought they needed an RS. An RS is a blunt tool to arbitrarily and usually temporarily bolster up the Stock Price. In some cases it makes the SS more appealing but it is mostly a bandaid not a cure.
Personally, I will keep some preferred shares whether I convert more over or not. Definitely not going all in one way or the other. I’ll have some of both.
Ultimately the preferred share value is based off the common share price.
Basically just times the common price by the conversion ratio (250) to get the preferred share value at the time.
From Investopedia:
I agree. Not a bad wager. It’s not often an OTC company hands out a 5% dividend. I received shares in a spin off company once, but never a 5% dividend from a pink.
Yes. Your 200 gifted preferred shares which will be convertible to 50,000 common after the conversion date.
PASO Common and Preferred Convertible Shares
First, per the PR everyone holding common shares (Shareholders of Record) on September 18, 2020 receive a 5% Dividend in the form of one Series C Convertible Preferred Share for each 5000 shares of PASO he/she/it owns. This is Free money, a bonus, a gift for being a loyal shareholder on the aforementioned date.
Pat yourself on the back since you will join the roles typically filled by Venture Capitalists.
Now the second Item of business: As stated clearly in the PR every Shareholder of Record on September 18, 2020 will have Opportunity to convert their common PASO shares into Series C Convertible Preferred Shares at a Conversion Rate of one Preferred Series C share for each 250 Common Shares owned. This is voluntary, your choice. Your common shares will not disappear on September 18, 2020.
As part of rolling common shares to Preferred Shares, you will receive a 6% Annual Dividend . Preferred Shares get preferential treatment over Common Shares (like being the favorite kid in the family). Preferred dividends take precedence over common dividends, and preferred shares take priority over common shares if a company has to liquidate its assets (Highly unlikely event in PASO’s case).
Decent Primer on Convertible Preferred shares:
https://investinganswers.com/dictionary/c/convertible-preferred-stock
Several important things to know when deciding to convert common shares to preferred shares or vice versa
1. Conversion Rate - in essence, the exchange rate of common shares to preferred shares. In our case, the Conversion Rate is 1 Series C Convertible Preferred Share for each 250 Common Shares owned if we voluntarily make the choice to do the conversion on some or all of our shares. For example, 1000 common shares would become 4 Preferred Shares. I’m guessing the exchange rate would be the same converting preferreds to commons after the conversion date but that has not been stated yet.
2. Conversion Date - the date when the preferred shares can be converted to common shares. There may be a holding period of one year (or other timeframe they decide) before preferred shares can be converted back to common shares.
3. Preferred Share Price versus Common Share Price Which is better?. For simplicity, consider converting your freebie Series C Preferred Shares to Common Shares. Take the Preferred Price ($15 But likely to change) and divide by the Conversion Rate (250) to get the break even point of the Stock Price of the common stock = $0.06. If the common share price is greater than 6 cents after the conversion date , it makes sense to convert your preferred shares to common shares.
IMO it is likely the Preferred Share Price will be 250 times the Common Share price On or near the September 18, 2020 date. For example, if PASO is trading at 10 cents at open on September 18, 2020, the Preferred Share price is more likely to be 0.10 x 250 = $25.00.
If the Common Share price was at 25 cents on September 18, 2020 and you convert at the mentioned price of $15 dollars, you would be giving the company a discount, since $15 preferred shares = $0.06 common shares.
However, don’t forget to consider the 6% annual dividend with the Series C Preferred Shares. Also, the company my choose to buy back preferred shares at a handsomely favorable price to prevent dilution.
What gap did we fill today? Lol.
CLX (and Partners) own the Healthy America App. Transunion owns the Healthy America Trademark. Without CLX there is no App.
It’s been mentioned a couple times now.
On July 14 SiriusIQ news:
And now in a tweet:
It’s obvious that there is significant value attached to the App and its applications with Covid and beyond.
Agreed. I just don’t want to invalidate Chuck’s sticky by selling the car, the cat, before then To buy more lol.
I was a bit late to the PASO party but glad to be here.
Interesting choice of words in TransUnion’s Health section. Coincidence? Not Likely, but possible.
https://www.transunion.com/solution/healthcare-patient-access
That’s funny. OTC talking points thinks the tweet mentioning Pubco is the printer company Pubco. We know Pubco refers to the public company identified in the LOI—CLX Health RMing into PASO.
Chuck Norris doesn’t post, he round house kicks you in the face with words.
Great post. MM for you.
PASO
Probably makes the most sense. JG doesn’t seem like the type to toot his own horn though but he is Chief Strategy Officer of SiriusIQ.
Hello Grambo. Good to be here each PASO of the way.
CSO?...
Chief Sales Officer??...probably not...think Global....think information technology...
Central Statistics Office Ireland???? Maybe
The Central Statistics Office is the statistical agency responsible for the gathering of "information relating to economic, social and general activities and conditions" in Ireland, in particular the National Census which is held every five years.
Maybe I’m in left field? Maybe I’m in the right field?
Yes BS1. ESCU looking intriguing here.