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#SAFEHARBOR and #LATAM:
More and more things are becoming coded and mysterious, lol.
Was anyone able 2decode these things? Google search shows Safeharbor, a sw company and other things, nothing clearly matches with their line of business. Latam doesn’t bring much reasonable things either!
WHAT IS FOR PASO?
Partnerships = CLX = PASO
As long as CLX = PASO equation remains in place, whatever CLS does, everything benefits PASO.
Based on recent Tweet indicating “roadmap intact”, they indirectly told us the RM is still on.
If they deviate from this and later on turns out RM was NOT on and; JG and CLX knew about it, that would be the biggest scam ever and JG will carry this scammer tag rest of his life, lol.
So for now, let’s believe what they’re saying!
This Tweet solidified the Partnership announcement forthcoming” meaning the partnership with all these new parties.
Everything adds fuel to the fire as long as they keep PASO along!
Regardless, keeping people guessing is not a bad idea. That helped stock price to go over 5c today and hope by Wednesday, it will be close to 10c.
Tweet ..Tweet ...Tweet...
“That face you make when you’re waiting for the final draft - It’s simple it’s clear! #safeharbor #partners #Latam”
Someone said on the Tweet, wish #PASO was there as well, LOL
That’s a very good observation and I completely agree with this!
The bright side is we are going to see some big price action meantime, which isn’t bad either!
This beautiful price action either due to things are moving behind the scenes fast or anticipation of DA before Wednesday!
Regardless, looking good!
We may see 10c just because of a new hype before the conference begins on Wednesday, LOL
Can we see 0.05 now? Seems possible!
Don’t expect a DA before the conference, that’s not what they hinted on last Twitter.
If we create a false expectation and it doesn’t happen, there will be a sell off.
Partnership announcement forthcoming is not related to DA for sure. If you read/reread the Tweet, it’s not about RM.
So let’s be realistic and keep it about HA app and other partnerships for now. But if DA happens, that will be a bonus.
This can run hard even without a signed DA news if it is evident from the conference discussion that the app solution has a huge monetary/revenue potential for CLX and other partners (assuming there is no issue with RM).
So keep an eye on Wednesday!
Releasing signed DA today or tomorrow before the conference, the price will skyrocket with the hype and anticipation.
Wish they would do that!
Preferred dividends are always calculated on face value, not equivalent commons market price.
Some people are calculating 6% dividends on preferred shares based on equivalent common share market price at the time instead of $15 face value (0.06c equivalent common share price). This gives them hundreds of thousands of dollars dividend, which is wrong.
For 1m common, you will get 4,000 preferred and @15, the basis for 6% dividends is $60,000. If you calculate 6% on it, the yearly dividend will be $3,600.
Some people think if at the time common price is for example, $2/share, so they calculate dividends using $2,000,000 (4,000x250x2=$2,000,000) x6% and get $120,000 per year, which is wrong.
So for 1m common (or 4,000 preferred), per year dividend will be $3,600, not $120,000.
NEW CEO Joe Ladin’s positive outlook and comment on potential R/S:
“I've joined the company at a really interesting time in its journey. It was clear that the company needed to re-focus on serious revenue generating business, to divest itself of non-core businesses and to deliver shareholder value; that's what we have now done. SKDI will report millions in topline revenues this year, the first time in its history. Our 'Reg A' expires on Monday and we now have time to focus on a corporate re-brand and a name-change.
At this time though, I see no reason to apply to FINRA for a reverse stock split. We still have a very tight public float and a loyal shareholder base. My focus will 100% be on revenue growth for the remainder of 2020."
Partnership announcement forthcoming:
Last week’sTweet/Retweet increased the confidence about RM significantly, which is good.
Partnership announcement forthcoming - what kind of announcement is possible? Is it HA app related partnership or RM related (like new party for RM)? I personally, think it is business related, not RM.
We already know that CLX will get 10m preferred (equivalent to 1B common). We also know PASO’s AS 2.5b and OS shares already over 1B. So if a new party if going to be merged with PASO, there is not much room to accommodate them under the existing AS 2.5b unless CLX is going to give up some of its preferred shares, which is unlikely. Also we are not seeing any action by PASO that indicates a new party is going to be merged in addition to CLX.
At the end of the day, all the parties that will be merged with PASO, have to share PASO’s existing common and preferred shares as that is the only Pubco. So unless we see a major move by PASO in terms of new filings re share structure (or restructure), I don’t see any new party is going to be merged.
So the partnership announcement forthcoming is most likely is business related, not RM unless there is a surprise for us, which is quite unlikely.
Good observation. The other factor will play an important role for stock price to turn around is that they have to make sure they don’t keep diluting in the process. The AS, OS and unrestricted, everything is huge. The float is not quite known now.
The upcoming updates re share structure will tell us which way stock price is going.
If they don’t mess with shares and can show progress in revenue, the price will go up for sure!
If everything is so great, why don’t we see any reflection of that in stock price? What are we missing? Is it too early to make a determination?
I agree with your assumptions (thank you for your message). They are very good at doing this and we know it. For us, if we can ride along and stay right side of the isle, all good.
There is another point to consider though. Even though conversion will reduce the o/s common and float, they may not be able to use that reduction to dilute because these preferred shares are convertible, they have to reserve equivalent common for future conversion back to common like they’re reserving 1B common for CLX 10m preferred.
Of course, if a company wants to take advantage, there are many loopholes to do that.
For now, let’s focus on positive thoughts rather than looking into all possible negative ideas.
Give us 5 reasons why you’re so excited about. Let’s see if we can be as excited!
Gradually, increasing the position here. I guess price will stay around this level for sometime more!
It would be a Christmas if they release HA and other business partnerships along with a signed DA.
1.03b o/s shares, 76m float in Feb 2020. Anyone know the current float?
Doesn’t make sense this selling with this small float!
Even if that speculative dilution happens, they can go only up to 400m more based on the last o/s share count of 1,082b.
Out of 2.5b AS shares, 1B is reserved for CLX, 1.082b already o/s, so they have room for another 400m. Unless the tender offer gives them more room (like people convert, they cancel equivalent shares and that creates more room).
To answer your question if price will go down further, i think it’s possible if the next update shows o/s share count rises from current 1.082b to whatever and by then, we don’t get signed DA.
So there are many IFs here. Of course, current price is pretty good to get in.
Man, you don't get the point. In Aug, they hashtagged PASO (or in other words, RM/Pubco) along with other hashtagged partners. Even before Aug, they hashtagged PASO as #patients along with other partners.
This time, in their first tweet, they did not include #RM/Pubco or #patients. Then people started making comments on iHub and other places, so went back and retweeted.
This clearly shows lack of thoughtfulness to ignore their RM/pubco partner along with other partners in first tweet and then retweeting to include them, it's good but still silly, isn't it?
If you could do it in Aug, you can do it in Oct. Yes, it is reassuring because of CLX retweet. But tweeting without any PASO reference first and then retweeting with old tweet (showing some connection of PASO) look silly.
It is OTC, pretty much everything goes. If everything is positive, just keep hashtaging PASO (or #RM/Pubco or #patients) along with other partners.
As long as you’re happy, that’s all count. Don’t pay too much attention to people rather than stock and related issues!
‘Partnership announcement forthcoming’ seems to indicate HA app and related partners, not PASO partnership. Aug 6 tweets hinted about other partners, in addition to RM/Pubco. Anyone sees it differently?
On Aug 6 tweet, they defined Roadmap included RM/Pubco and in the tweet, they included #Patients (means PASO).
This time, they did not #Patients, which was disappointing but they said roadmap intact, which is good.
I am convinced the partnership announcement is not for PASO RM. Instead it's HA app and other partner related. That's why market did not react the way it should have
—————————————————
Oct 8 Tweet:
Roadmap intact! Partnership announcements forthcoming #HealthyAmerica #Travel #SupplyChain #Covid19 #Coronavirus
————————/
Aug 6 Tweet:
CLXHEALTH’s Partner Co’s launch a solution today that will benefit multiple sectors. Our roadmap includes additional partners, RM/PubCo, and ?? ?? ?? opportunities. We look forward to this journey #HealthyAmerica #Covid19 #Patients #Labs #Access #VERA #Solutions #Doctors #Launch
Thought CLX tweet impact on stock price would be much stronger today but nope.
It’s just not creating the buzz!
LAST CHANCE TO GET IN. TRAIN IS LEAVING THE STATION Let's get excited! CLX got our messages and this tweet proves that.
Just One # missing:
Roadmap intact! Partnership announcements forthcoming #HealthyAmerica #Travel #SupplyChain #Covid19 #Coronavirus
It would be fantastic (and there would be no doubt whatsoever) if there was one more # PASO or Patience! But for now, we will take it.
Let’s hope partnership means PASO partnership!
CLX TWEET: Roadmap intact! Partnership announcements forthcoming #HealthyAmerica #Travel #SupplyChain #Covid19 #Coronavirus
We said the same thing, just in a different way!
LOL, your 'PASO broke' assumption is right but remember still PASO is giving 10m preferred shares to CLX (equivalent to 1b common) for RM, not the other way around. So legally the broke PASO still has the upper hand, at least for now.
In reality, I am sure CLX will have control later on. Of course, who earns the bread and butter, gets the upper hand.
The reason I say they have to start with PASO post merger, they have to submit documents to the regulators for changing things. Now to submit the documents, you have to close the deal first.
So in other words, you have to start with PASO first unless they close the deal, keep it secret, submit documents to the regulators for changes, that's different.
Yes, that is possible. They can do it beforehand or after. All i am saying they have to pretend like they are PASO and go for any changes before or after.
The whole purpose of CLX merging with PASO is to become a public company. Once you merge and become one pubco, then you can do whatever you want over time like I indicated, you can change name, address, ticker or whatever.
But you have to start with PASO (even post merger) and start with PASO's common shares, prefd shares and whatever else it has, that's the whole purpose of merging with a readymade pubco.
You want to be a public company without going through the process, just choose a public company and move in with them (that is RM).
This is a reverse merger, meaning CLX is merging with PASO, meaning PASO will exist post merger (and CLX disappears), meaning everything will remain same what PASO has now (except if they decide to change ticker, address, company name or anything else later on but it's not required). That's what RM is and that's why PASO is giving 10m of PASO's preferred shares to CLX. In other words, CLX wants to go public using PASO as it is a pubco.
If they were to create a new company post merger, the terms would be like PASO and CLX would share 50:50 (or whatever ratio) on the share capital of new co. Instead, CLX agreed to take PASO's 10m prefd. shares, so there will be no new company.
It's like your finance moves to your home after wedding, nothing changes for you and your home unless you guys decide to add more furniture, fixtures and or moving to a new home later on.
Notice PASO agreed to give 10m of its own preferred to CLX, still it's all PASO.
Basically, in RM, one merge to another. Here CLX is merging to PASO, so CLX disappears, PASO stays.
There are other mergers, where two companies agree to merge and create a new company and take shareholdings in the new on agreed upon terms. This is not the case here, as you can see CLX agreed to take 10m convertible preferred from PASO, clearly indicating PASO stays as it does in case of RM.
What do you think CLX and every other businesses are doing?
If a new company like CLX can be busy doing so many things in a short time, making so many partnerships, PASO being a company for years, having a solution platform of its own, don't they have anything to do other than just holding this RM sign up?
During last 6 months, have you heard anything from PASO?
Everyone is busy doing something even in Covid time. CLX, USTG, TruPass, CommonPass or whatever, they are all active, busy and making noises.
The one we care about the most is like a dead duck, no activities, no actions, no price movements, nothing. It’s like on a ventilator, lol.
For now, PASO’s all eggs are in one basket, CLX RM.
Man, do some business, make some news, it's not like CLX RM is the end of the world. If it happens, well and good. If not, do your own damn business and stay relevant!
What is holding the price around 0.005?