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I am not sitting on nearly that many shares but I wish I was. If I could I would. I agree all signs point in the right direction and I have always been patient. Military service will do that to you lol. "Hurry up and wait" is a common theme and saying in the military lol. DA or Bust is my attitude with this ticker.
Absolutely. I will buy more shares Monday most likely to add to my lot.
Restructuring process does take time and that is all we really know that is happening given the last PR. If you look on the bright side, restructuring only happens for things like a buyout or a merger among other things. If in fact there are more moving parts than originally anticipated then yes, restructuring will take more time to account for those speculated changes and restructure accordingly. Just my thoughts.
I agree. Any day really. Whether that day is tomorrow or a month from now. Just have to keep being patient. GLTY
Pretty much
Freaky Friday is turning into a Friday Fail lol. I am still here and waiting patiently for good news. Will that news be today? Probably not. When and if it comes it will be a day we least expect. Either way I am holding strong with my lot. At least we had two green days lol.
Maybe. Maybe not
I know it is all doom a gloom for most on here but I am staying positive. Last PR gave me confidence to wait it out. As per last PR it was stated at the very end, "As the next steps in our restructuring are completed we will be releasing them to the public as well". Restructures can take some time and a number of reasons companies restructure are for things like a sale, merger or new overall goals. Again these take time to do and I am confident that whatever restructuring PASO is doing is to help "facilitate the larger plan of the previously announced Letter of Intent with the Company’s potential merger candidate". I am patient. RM or Bust.
I called today for a PR/news of DA. There is still time in the day for some news but it does not look like I will win bragging rights. Still holding strong and patiently though. Good luck to everyone.
Feels screwed but at this point PASO is trading at normal levels prior to DA hoopla. So either hold and wait for better days or sell and take a for sure loss lol.
We most likely won't get that reassurance. If last PR didn't do it nothing will outside of signed DA.
Pretty much. Fear is setting in, patients is wearing thin and emotions are taking over. I find it humorous as well. I am still here and holding until the end of the ride. DA/RM or bust!
All one can really do if they are hanging around
Pretty much. Buy, hold, or sell are usually the 3 options lol. One can be patient and wait or one can run for the hills. I prefer to hold onto my lot until I get definitive confirmation one way or the other. I can live with a loss if DA/RM fall through more than I can live with selling because I was not patient and let my emotions take over and watch the stock take off on the sidelines. I don't won't to be the guy that sells and the next day/week/month DA gets signed. I am holding strong and buying what I can. Maybe foolishly but that is a risk I am willing to take. To each their own. Good Luck!
Great minds think alike.
I bought more today. Your dips don't scare me PASO!
I'm not freaking out... really no reason to. Most of my portfolio is in the red right now. Looks like one of them days in the market. At any rate I'm holding strong and will buy more if the dip carries over into Monday. Everyone have a great weekend. DA or bust!
With all the guesses, we have to remember the extension was asked by CLX and their scheduled Q4 is not the same as PASO's scheduled Q4. In either case here is a good article over all the Hoopla we PASOnians have been going through below. After reading what I have linked below you tell me if you really believe CLX or whoever will back out. Me thinks not and DA is imminent.
https://microcapdaily.com/he-story-of-patient-access-solutions-inc-otcmkts-paso-clx-health-rm/127893/
It is a classic. Still cracks me up every time I watch it hahaha.
See... Even Brad knows PASO and Fridays are freaky naughty
Nahhh... Calling tomorrow would be ambitious. Literally the last business day of what most including myself would consider "Early Q4". Which totally could happen. I am not getting my hopes up but PASO has been known for good Friday's and dropping PR when investor confidence is on the ropes lol.
I'm going to say Nov 9th.
My thoughts exactly TGOO. Minor delays for something that appears to have snowballed since July seems reasonable. DA imminent I would think. I have been wrong before but all signs point to a GO.
"The Company is waiting for our Transfer Agent to provide the final tally to us showing the number of shares of common Tendered for the new Series C Convertible Preferred shares. These first two steps were done to facilitate the larger plan of the previously announced Letter of Intent with the Company’s potential merger candidate".
To me PASO is doing everything they are needing to do to make this deal happen. More dotting of the i's and crossing the t's and getting things cleaned up for smooth imminent RM.
Maybe... There is always that risk. But either way you have the choice to wait it out or sell before then. Given the latest PR I personally find it best to wait it out and be patient. A wise investor once said, "The stock market is a device for transferring money from the impatient to the patient".
I liked the last PR. It gave me more confidence and let us all know LOI is still active and DA is ongoing. At least that is how I interpreted it. This ticker won't do much until a DA is signed. So whether it goes green, red, or stays in between is all inconsequential. A green day won't put ink on paper anymore than a red day will. Sure some will say about the DA "It should have happened by now" but then again much has changed since July. At least for CLX, their partners and anyone else they are tied to that is relevant or would be relevant when considering an RM. PR saying, "of course, there can be no guarantees made by the Company until a Final Agreement is potentially reached" to me is just stating the obvious and they are just reminding current investors that nothing is final until it is final. But that is a "no-duh" statement imo. Some may make a red flag out of it but, I am not.
Nothing short of PR saying LOI terminated and RM not happening should deter anyone at this stage. If things weren't going to happen CLX would have cancelled in the summer and certainly before any "data disruptor seminars" took place. They would have cancelled and have been trying to distant themselves long ago. Again just my humble opinion.
With alot of what you just said is why I try to explain to people that market caps are about price and price has nothing to do with value. Market Cap is an indication of what people are paying for something, and this is usually driven by irrational sentiment, which has little connection to an asset’s real value. Often times when stocks sky-rocket very little in the companies fundamentals changed.
I'm sure many of us can think of a stock at some point that shot up and we thought to ourselves,"Why"? When really all that happened was more investors were willing to pay a higher price. No underlying value was added to these assets, just more sheep willing to pay higher prices, which resulted in the market cap skyrocketing. As the market cap skyrockets, more sheep mistakenly believe the asset to have increasing value, and the cycle continues all the way until your PPS kisses the teens like you mentioned. It's not crack its science. Good luck to you Chuck and to all.
That is how I interpreted it CBrad.
Exactly. Nothing is final until it is final. You don't score until you score. All of the speculation from our top "code breakers" here on this board will make what they will of the newest news. To me, if it was going to be terminated it would have by now. Yesterday many were just wanting news and something that shows everything is still moving along. That news has been granted and PR was put out to confirm things are still moving forward. But that still wasn't enough for many of those same people that got the news they asked for. Give a mouse a cookie and he will want a glass of milk. Give the mouse a glass of milk and he will want a straw to drink it through.
It has always been "potential", and it has always been classified with details coming out as they become available in order to protect the integrity of the transaction. There is just no pleasing some people.
I am not surprised lol. It's how it goes here. Next we will get the "code breakers" of the bunch that will try to decipher what was meant and written in plain English black and white PR.
Should be enough to push the ticker to the 4's by the end of the day
New PR out in case anyone missed it
Patient Access Solutions Corporate Update
8:00 AM ET, 10/27/2020 - GlobeNewswire
Commack, NY, Oct. 27, 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 pleased to announce today that our Corporate Restructuring Plan is moving along as hoped and has accomplished exactly what it was designed to thus far in the process.
"The Company has delivered to our loyal shareholders the dividend, which we are told all have received at this time. The Tender Offer is also now closed. The Company is waiting for our Transfer Agent to provide the final tally to us showing the number of shares of common Tendered for the new Series C Convertible Preferred shares. These first two steps were done to facilitate the larger plan of the previously announced Letter of Intent with the Company’s potential merger candidate. While these discussions are in an ongoing state at this time, of course, there can be no guarantees made by the Company until a Final Agreement is potentially reached. As the next steps in our restructuring are completed we will be releasing them to the public as well".
Let the speculation begin lol
HAHAHAHA time will tell. I can handle being wrong, I am just not underestimating anything.
Not sure who is running the show with PASO and not sure why he is still listed? My best guess would be Robert Linzalone is doing it all as you mentioned. Like my broker account still says PASO has 660 Million OS but we all know it is really 1,082,491,116. So I can't call it lol. My guess is they have not really worried about updating since other things behind the scenes are taking place.
Not sure who is running the show with PASO and not sure why he is still listed? My best guess would be Robert Linzalone is doing it all as you mentioned.
My DD might be off but I was under the impression Bruce Weitzberg resigned back in January? That could be the possible reason he is hanging up on you and your wife. He is not involved lol. If I am wrong someone please let me know.
https://backend.otcmarkets.com/otcapi/company/financial-report/238354/content
Same here. We all are so you're not alone lol.
I stand corrected they have split once. Regardless splits don't impact the overall value. Number of outstanding shares increases and the price per share decreases, but the market capitalization (the value of the company) does not change. Berkshire Hathaway has a market cap as of October 2020 $508 Billion but its current PPS for 1 Class A share is $312,000.00. Just saying Market Cap does not tell everything.