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And now we get this tweet which is even better, because there's no way Gonzalez goes to work for SiriusIQ unless he knows he's going to make millions on the PASO merger:
14m
The most incredible collaboration I’ve had the honor to work on. Cheers to all who’ve worked to hard to make it a reality! #healthyamerica
Quote Tweet
SiriusIQ
@SiriusIQ
· Jul 15
SiriusIQ Introduces CLX Health and Develops HealthyAmericaTM as Virus Response Mobile Application in Partnership with Tech Consortium http://siq.at/healthyamerica #healthyamerica #covid19 #virusmapping
Yep, glad he clarified the deleted tweet and confirmed the merger is still active with a Q4 target for closing (or earlier). Lots of moving parts also refers to the participation of Transunion which makes this much bigger than originally thought.
Now people need to leave him and the other players in this merger alone and let the process play out.
Are they going to max out the O/S before the alleged merger like $PASO did? ALPS selling shares leads me to believe that’s what is happening.
Q4 or earlier, they intentionally put Q4 as a cushion so they won’t run into the same issue that just happened by stating a specific date. But this can close at any time and I don’t see it happening in months, more like weeks.
It's confirmed that's what he said, there are screenshots. Again, it's nice to hear but not a big deal, all of that was in the filing yesterday and he only clarified Q4 means calendar like I figured.
Well we can agree to disagree, I love to hear it because it's just reiterating what was in the filing, he didn't disclose anything confidential.
It's not a fake, he definitely deleted a tweet I just wanted confirmation what it said and I've received that from someone else who got it. All is well.
You need to chill out, if that's what he tweeted it's all in yesterday's filing, just clarifying the Q4 (calendar or fiscal). There's no issue with that tweet if that's what he said.
Are you fn kidding me? Was that the real tweet or not? It's not going to blow the deal that ridiculous, way too much money on the line for these guys.
Great analysis, spot on!
Maybe he's drunk but it sounds positive at least lol
Go into Settings and upload it into your library, then you can post it
I would think with Transunion involved their legal depts already researched it thoroughly. Not that it can’t be contested but it’s very expensive to contest a trademark.
They can claim trademark rights and use the TM symbol and once it’s registered they’ll change it to the (R) symbol.
The trademark registration will take months and could take up to a year assuming it's not contested and is allowed, it has nothing to do with the delay.
Plus they're already using the mark, so they have the rights to it even without it being registered yet, again assuming no one contests it or the USPTO deems it too generic to grant.
That's standard procedure for the USPTO. I've filed dozens of trademarks over the years, just had another one assigned to an examining attorney who will review and may require some disclaimers; took a few months then it has to be published for opposition for 30 days before it can be registered.
Has this deal closed?
Bingo! That was his subtle signal not to panic, too bad most people didn't get it!
Exactly, they realized putting out a specific date is bad for the stock!
The fact he responded and confirmed "ongoing" is a positive sign
Once the sell pressure is over we'll know more about the timeline for finalization. If we see a sustained move upwards next week that will be a good sign.
Keep in mind, the deal could close anytime between now and the end of Q4, I'm sure CLX and PASO put that into the filing yesterday so they wouldn't make the same mistake by putting a specific date like they did in the LOI. But I think we close well before the end of Q4.
You're reading #4 correctly but left out the part that the parties could agree to another time (extension); but you're not recognizing that #'s 6 and 7 provide the "out" in case the due diligence doesn't pan out. The "obligation" comes from the execution of the Definitive Agreement.
Consummation of the Definitive Agreement shall be subject to there being no material change in either party’s business, financial conditions, or prospects, from the date of this Letter of Intent up to and including the date of the Definitive Agreement.
Consummation of the transactions contemplated hereby may require
further negotiation, and is subject to the completion of due diligence as hereinabove described, and requires the drafting of a Definitive Agreement setting forth the terms and conditions not inconsistent with the foregoing and other terms and conditions which are customary and usual under the circumstances. The parties will cooperate and use their best efforts to negotiate such a Definitive Agreement. This Letter of Intent does not constitute or create, and shall not be deemed to constitute or create, any obligation on the part of either party to this Letter of Intent, except for as expressly provided for herein. No such obligation shall be created, except by the execution and delivery of the Definitive Agreement contemplated hereby, containing such terms and conditions of the proposed transaction as shall be agreed upon by the parties, and then only in accordance with the terms and conditions of such Definitive Agreement.
It's not binding, read the first sentence of #6 and all of #7. No one will sign an LOI without an out clause and it's clearly in there.
My optimism stems from the fact that all parties had to agree to today's announcement, so clearly if CLX wasn't still in play they would have terminated already.
All parties agree there are restrictions with regard to any communication of information concerning this Letter of Intent and the transaction contemplated hereby to its respective affiliates, officers, directors, employees, attorneys, accountants, consultants and advisors, and to third parties whose consent may be required in connection with the transaction contemplated hereby.
Based upon all the big companies involved with CLX, if CLX does indeed merge into PASO I see no reason why this stock isn't trading in the $2-$5 range within a few months of the deal closing. It's a big "if" but it's possible with the players involved. We'll see.
Interesting, originally it said April so he changed it. Hmmm...
Actually, his LinkedIn says he went to work there in April, and there's no way he could get a provisional patent that fast, he did most if not all of the work while at PASO.
Here's the deal: PASO has 2 things CLX wants - a clean shell to merge into, and the patent. The patent is more significant and if CLX doesn't do a deal someone else will.
But...here's a huge clue as the LOI states and as Doc pointed out: PASO can't negotiate with anyone else while they're negotiating with CLX. So the fact that PASO didn't walk away and initiate discussions with someone else tells you that the deal is still likely to happen, as stated in today's filing.
Too many things have happened for everyone to walk away (insider buying, Gonzalez going to SiriusIQ, etc.), and if they were going to walk away they would have done it today. CLX obviously approved today's announcement because they stipulated in the LOI that nothing would be announced without everyone's consent.
Yes it was sh*tty to update their social media and c*cktease everyone, and now in hindsight it's obvious "insiders" and MM's knew this was going to be delayed just by the selling the past couple of weeks. Unfortunately there won't be any repercussions at this point, and if they finalize the merger the stock will go through the roof and those who held or bought today won't care.
Exactly, it doesn't mean it will happen in Q4, it means they asked for it to be extended until then but it could close earlier.
If they decided to go in a different direction from PASO that would have been in today's disclosure. No way these big companies allow PASO to string them and potential investors along.
If the deal was dead CLX would have made PASO say so in the filing today
Based upon today's volume and the tens of millions of shares bought at .10 and higher, most of those tens of millions of shares are being held and added to today.
You don't even have to read between the lines in today's filing to see how big this is going to be and this deal is still on. The healthcare industry is responding to changes by the minute and Covid is opening so many doors for these companies, so the below makes perfect sense why a short delay is needed:
we are pleased with the progress of the planned merger between CLX Health and Patient Access Solutions (PASO)
It is this huge demand that is introducing likewise, greater demands on the solution that this merger is going to solve. Responding to this upheaval has extended the Due Diligence process to include all the opportunities being considered. With all important business decisions, we will take the necessary time to work closely with our partners, to make the transition process as smooth as possible.
As CLX Health continues to pursue and coordinate on its business opportunities, they had to defer completion of their due diligence of PASO. It is for this reason that CLX Health is unable to meet the agreed upon closing date and they are seeking an extension.
We have no reason to believe that this request for an extension indicates that this transaction is any less likely to occur.
Interesting, how would the CLX Health Twitter account know to follow Availity the other day if it was fake?
Sure, assuming someone wants to get prosecuted for stock fraud
THERE IT IS! That's right from the horse's mouth that connects it all finally, NO SPECULATION!
3 trademark applications were filed in May for HealthyAmerica by this company, what's the connnection?
TransUnion Healthcare, Inc. CORPORATION TEXAS 555 West Adams Street Chicago ILLINOIS 60661
Word Mark HEALTHYAMERICA
Goods and Services IC 009. US 021 023 026 036 038. G & S: Downloadable software application for communicating status of an individual with respect to a healthcare database
Word Mark HEALTHYAMERICA
Goods and Services IC 035. US 100 101 102. G & S: Providing a national database in the field of healthcare to identify individuals and indicate the presence of illness and/or antibodies in the individual
Word Mark HEALTHYAMERICA
Goods and Services IC 044. US 100 101. G & S: Screening services, namely, an expedited screening initiative that enhances the detection of healthcare status relating to the presence of illness and/or antibodies for same
Holy shiitake mushrooms wow
Good luck, I understand the risk reduction after making a great profit. As they say, "Pigs get fat, hogs get slaughtered." Hopefully this continues to work out for those of us holding for "pigger" gains lol.
This is the OTC, stocks can run thousands of a percent based on nothing with a CEO who lives out of his parent's basement. PASO has 3 legit entities, 1 of which is a billion dollar plus company, and a $50+ billion Wall Street firm in the middle of this deal. Not to mention the "other parties" who are involved in this joint venture also. Add in the low float, strong hands, momentum, etc. and you have the perfect recipe for a massive run no matter what people want to speculate for valuation right now.