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We will see man. Just have to wait it out and hope for the best. But I too am feeling less stressed and more confident as well. Hard to tell that voice in the back of your mind to "shut-up" when you see your investment in the red.
I would imagine we get news of DA/RM no later than October 30th or November 2nd. As far as my guesstimate goes on future PPS I don't want to give anyone false hope or sell a pipe dream because it is just guesstimate. At the same time I don't wantfellow PASOnians to underestimate/undervalue what we may all be part of. It is just a guesstimate but COVID-19 might just help create the perfect storm for this ticker and we could be in store for something historic. I don't underestimate mass hysteria whether justified or unjustified. Just saying when a global pandemic happens and shuts down economies and you hold shares with a company doing a reverse merger with a way to track Covid-19 in order to help mitigate the spread and fallout of the pandemic and can help the world back to normal... I would hold onto those shares and not sell myself short.
The only thing beating the potential of the situation I described is holding shares in a company that comes out with a vaccine/cure. If people will download useless apps like Snapchat, Facebook and Tik-Tok and buy stock in SnapChat and Facebook. Imagine what they will do for a stock that has a way to track a virus that has caused the biggest pandemic since the Spanish Flu and has allegedly caused more deaths in 6 months than what took the Vietnam War to accomplish in over a decade. The world needs solutions to this pandemic. Patient Access Solutions
I agree it would be a major let down however we have to keep in mind they really aren't allowed to entertain the thought of RM while DA is in edit. But they could drop subtle hints like they have been in things like the retweet you mentioned. In my opinion hash tagging the company name and putting Pubco in the same tweet is practically giving it away that good things are coming and patience will be awarded. Anything can happen but that tweet personally gave me the confidence needed to continue to hold and be patient.
If one assumes any announcement is in regards to positive development towards RM the PPS could easily go back to 0.08 to 0.20 or higher. Now if the announcement is a solid confirmation that DA is signed and RM is moving forward I believe the PPS will hit dollar land within a 2 or 3 days if not sooner. Once DA is signed both CLX and PASO set out a press release both stating RM is a go then the sky is the limit over the course of the following weeks and months. It won't happen right away. It will take a solid week or so for word to really get out.
Once it does in my opinion considering the players involved in the deal, the industry, the "crisis" going on in the world currently and what other past super successful RM's/Shells have done (with less) and assuming PASO/CLX can land in the ballpark of these past super successful RMs, I would guesstimate the PPS landing between $15pps-to-$50pps but could hit as high as $80pps or higher. All in a matter of 2-3 months give or take.
I have said this before in prior post and people think I'm crazy and I'm dreaming and maybe they're right. But again I look at the current industry of healthcare/IT, the GLOBAL hysteria of the CHYNA Covids, the political environment and the players involved in the deal both directly and indirectly and the guesstimate isn't far off in my humble opinion. But I also could be way off and the PPS doesn't jump higher than 0.50. But that still would be a good investment for anyone that bought in at highs of 0.16 and lows of 0.02. But if you're a company trying to do a RM to be publicly traded globally on the major exchange you don't settle for anything less than $5pps.
Again my guesstimate/opinion is founded on the assumption a DA is signed and RM is a go.
I have been trying to tell folks the PPS climbing to what you have called outrageous is most certainly possible lol. Will it happen? IDK but, I for one will not underestimate it's potential. Not only is it possible but, when and IF it does start to happen, it will climb fast. Within 4-to-16 weeks give or take. IF DA/RM happen in Q4 expect the peaks to happen in Q4-to-early/mid Q1 2021 then settle down by the end of Q1 early Q2 2021. Just my thoughts. Have a good weekend Peepson and the rest of you PASOholics
Amen!!!
You crack me up Dodo hahaha. I have only been trading for about 4-5 years now. Not a newb but not a pro either. This is my first RM/DA fiasco I have been involved with so I am new to this aspect. I have been holding onto PASO for a couple years now and one day I looked at my brokerage account and seen PASO was up 0.16 and went WTF WHY? Spent all summer doing the best I can getting up to speed. But I still don't know hahaha. I am just here for the ride and waiting it out.
I added more today as well. Mostly because the number was messing with my OCD and I needed to round up to a more even number. Tweets and hashtags are apparently more effective than company press releases saying the same thing. I guess if a PR comes out saying DA is signed nobody will believe it until someone Tweets it a month or two later lol
Next week sometime or the week after sometime, I am betting we get the news we have all been waiting for. Fingers crossed for good news
Very interesting indeed. Stay patient friend!
I have been holding shares in PASO since 2018. Most of my shares were sold off prior to LOI and then I purchased back all the shares I sold before LOI between 0.02 and 0.06 after July when it dipped back down. But all-in-all there really is not much to be said that has not already been said. Whether one got in years ago or 10 minutes ago it is just a waiting game for now. Early Q4 is the target time frame but that does not mean it will happen in early Q4 or in Q4 at all. Just have to wait in see.
But are you going to love it or list it?
I am here for you chief lol
That part I agree with. I was questioning the whole PASO acquiring CLX when it appears to be CLX acquiring PASO. PASO is the broke housewife while CLX is the rich husband. Or PASO is the broke drunk husband and CLX is the rich wife trying to better him because she likes projects. PASO will essentially exist just under a new name and management.
You sure? I am thinking PASO disappears and CLX appears since CLX is the private company and PASO is the shell public company. to my understanding
With a reverse merger, a private company merges with an existing, smaller company that’s already listed on an exchange. Once the private company(CLX) effectively controls the public company,(PASO) it can begin the process of merging its operations with the public company's.
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hahahahahaha
go home Debbie
With all the speculation it is understandable why JG and CLX don't tweet much. Be patient friends.
I am with Peepson. I am not getting too excited but I have been speculating since mid September that sometime during this conference an announcement could be made in regards to what we have all been patiently waiting for. It would essentially be a good time to do it considering investors with real money will be tuned in. Again not getting too excited about it because absolutely nothing could be said about potential RM but we will see.
Good luck to ya brotha!
I could be wrong but when I looked into conversions on the interwebs it stated in many articles voting rights are gone for preferred share holders.
I didn't think we were still talking about the movie lol. I dropped the ball for sure hahahaha
I am a patient investor. If one wants to dump and run knowing what is lined up that is their business. Me personally, I can and will wait for confirmation whether good or bad on DA before I make any rash decisions. I can live with a failed investment backed by solid DD more than I can running from an investment only to find out later had I been more patient and waited it would have turned into a great investment.
Doesn't bother me. I have not invested more than I can lose and I don't react to short term dips. If anything I buy them but I don't go running for the hills because of them. It is part of being a trader. "Number one rule of Wall Street. Nobody... and I don't care if you're Warren Buffet or if you're Jimmy Buffet. Nobody knows if a stock is going to go up, down, sideways or in circles".
Friday... I'm only 34 lol. I grew up with this movie and can quote it from it beginning to end
"If you’re not willing to react with equanimity to a market price decline of 50% you’re not fit to be a common shareholder and you deserve the mediocre result you’re going to get."
Bye Felicia!!!
Also.... With the 2 year wait I believe you will lose your voting rights as a share holder. So hypothetically if DA is signed and RM happens preferred share holder will not be able to vote yay or nay on actual RM. So lets say the RM would not be a good investment long term for current investors, the preferred share holders will not be able to vote on whether to go through with the merger or not. One of the downsides of being a preferred share holder. There certainly are pros to it but losing voting rights is one of the cons.
It would not surprise me either. Things like that are not unheard of and anything is possible.
That is possible and has happened in the past with other companies. They RM with one and then RM with another shortly after completing the original RM. If that happens expect insane gains.
We agree. Just have to wait it out and see what is what. We really won't know anything until they tell us.
We will see. Just have to be patient for now and hope for the best. BUT it will be PASO becoming CLX not CLX becoming PASO. Although it is possible(not likely) CLX will keep the ticker symbol the same or keep part of PASO name in the ticker IF RM happens.
I can't tell you how to invest. But if you want to collect on annual dividends then yes you would want to convert. However MY OPINON I would not convert unless you had at least 1 million shares and anticipate holding for at least a year. If you do not have at least 1 million shares OR you do not plan to hold for a full year I would not convert. Overall I would say E-trade message is good as PASO is keeping their word as the conversion rate is what they quoted in Press Release a month or so ago.
I am just saying don't underestimate the great potential if RM happens. Again just my opinion but if a company is trying to get out of penny OTC land which is the claim in their own PR's then $4-$5 PPS is the minimum initial bid price to be traded on the NASDAQ.
LOL no worries man. I won't break your balls
In my opinion Roofus is low balling the ish out of this given the Medical/It market and the players involved. But we will see one way or the other
Wrong again lol... https://www.otcmarkets.com/stock/PASO/disclosure
Except he overlooked it and admitted he was halftard this morning and what he was looking for is still there
BEELLIONS AND BEELLIONS AND BEELLIONS (Trump voice)