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If you want, you can send me a PM and i will check which one(s) is common between us. I tried to figure out using his languages, writing style and other things that he used in other forums, lol
I think he is here too and I short-listed 3 IDs and i am sure one of those is him, LOL
TS, your observation is right, I completely agree.
I wish CLX included PASO in the HA project regardless of RM.
This reference of partners DO NOT include PASO as they are not included in this project, we know that. JG refers always HA partners like Tru and others, not PASO. Let's not find an excuse to be happy.
CLXHealth
@CLXHealth
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REMINDER:
@BeckersHR
Conference next week. CSO Joseph Gonzalez will be participating in Data & Disrupters 10/14/20 at 2pm Eastern Announcements regarding partners and roadmap to follow. #HealthyAmerica #TrustedTravel #Technology #COVID19 #coronavirus
On Sep 22 update, we saw o/s shares increased by 300m+, who knows next update, we may see another few hundred millions addition to the o/s shares. There is a reason for price to drop continuously.
Hope they are not diluting silently and contributing to the selling.
RED RED RED. Last 6/7 weeks continuous red (other than last Friday), it's like never ending red for PASO!
Most idiotic comment ever. You started saying I got it wrong. Whereas you are explaining long term vs short term benefits that have nothing to do with explaining conversion and its affect that I did. This is not a question of right or wrong, this is different perspectives. This doesn’t change how preferred share works. First learn how to explain things!
Normally, preferred dividends are paid in cash if a company is a cash flow positive. Otherwise, it can be paid in stock or combination of cash and stock.
Based on PASO’s current situation, it’s hard to imagine they will be able to pay in cash only!
Good to see the details.
Two years are little too long to be locked out in this day and age, lol.
Don’t think so, simply because PASO seems not involved with the product and or the solution they are going to discuss about. It would be nice if PASO was involved in the process!
LOL, crazy speculation, let's close the PASO-CLX first!
Yeah, that speculation is interesting to say the least.
Post merger if price goes to $5/$10, no one will complain for sure. But I think you make a good point that we don't know anything about the business model and monetary value (or potential revenue) about CLX's new initiatives.
We know that PASO has a few hundred thousands revenue, which is not significant. We also know that CLX is a brand new company, so they don't have any revenue history either. Good news is that they are working on HA app and may be a few other things. But there is no estimation of revenue number in the short term or long term at this point.
We saw some successful RM increased stock price in some cases, 50,000% to almost 500,000% in the past. I did some research on those and turned out in those cases, the companies did RM (like CLX), they came with big revenue and business potential that contributed to a huge stock price increase.
In this case, if UST Global itself was merging with PASO with their BILLION dollars revenue, we could easily expect such a huge increase like other successful RMs. But that's not the case.
My thought is if they release some significant news along with signed DA (and or RM) indicating there will be a huge business (and revenue) potential from HA app and other sources, then we can see a really really big increase in stock price. Otherwise, at the beginning, on signed DA news, it may not be more than 300% to 500% increase in stock price.
It's not just RM increases the stock price, it's what coming along with RM. In stock market, it says REVENUE, REVENUE AND REVENUE, that's all matters for stock price to go up
Regardless, with a successful DA and RM, we will have enough gains to have a big smile!
If these outrageous predictions come true I will be a very happy person. I want this to succeed just as much as the rest of us here but some of these price targets are ridiculous. We don’t know anything about the business model and how they are even going to make money. All we have is what JG has been saying and in reality he has said nothing. We are all adults here, let’s not pretend that getting to $1+ will be easy with this garbage bloated share structure
It's easy to say win or lose but you have to think more to understand the consequences.
A lot of people put their money in it as much as they could. Imagine if someone has 1m shares, that means at the current price, the value is at least $30k. If they don't do anything but RM and god forbid it doesn't work out, the stock will tank so hard that this $30k may become overnight $3k. Imagine what will happen to those are holding multi-million shares.
But if they do or try to do some business and stay relevant in the market, even if RM doesn't work out, the stock price may not go down as much as it can otherwise.
So you decide if it is too much expectation!
If this was Apple, Tesla or something like that, I would definitely consider converting but the way things are, I won't bother to go through all this. If things work out as we expect, it will pay us enough anyway. If not, then better to stay liquid.
The other consideration is that CLX is merging with PASO, meaning pre and post merger PASO's common shares will remain as is whether they stay on OTC or go to NASDAQ, so keeping common is the best policy. Also god forbid, if things go south, at least we have the option to move on.
Those are holding mulit-million shares, it may be worth considering for them to convert some to get some dividends but those are holding less than a million share, the dividend will not be that much either.
Anyway, it's everyone's own choice to convert.
Took a position here, seems there is a potential for it run.
Until we hear something from PASO whether something to do with RM or any other business development, I guess we will continue to be red.
Does anyone have an impression that for now nothing else is going on with PASO other than this RM thing? They don't talk about any business initiative or anything else, which is weird!
I guess my observation was right that someone wanted to buy some big block on Friday for whatever reasons and they raised the bid price over 0.04c just to capture all the required shares (about 30m) in a quick time. That was an out of ordinary transaction and that raised the price temporarily.
Wish PASO would talk about other business potential or doing something else just to be relevant in the market.
Nope, you're good. This is the best DD to keep an eye on everything at all times. To be honest, every morning I take a look at the OTCMarket.com and see if there are any changes for them because this is a tricky time, you have to be on top of it, lol.
They still have July 15 LOI extension to Q4 PR on the disclosure tab that was published on July 15.
Feels like only a few of us are still here!
Within first half an hour at the open, almost 15m shares were sold and after that not much volume. If somehow it was a green day today, would be nice. If trend continues, we may see under 0.03 again in a couple of days, hope not.
Most people here are hoping to get RM done. Is it 100% certain, obviously no. Is there a hope, yes.
As long as LOI is not terminated there is a hope that it can happen.
Based on the ongoing situation, some may be more positive than others. If for some reason, one makes a different determination, that is okay too as long as you make your points as to why you think it’s going to work OR not gonna work.
There is nothing 100% certain in stock market. You would think those are in it, they know it.
Even the person is 100% positive, I am sure he also goes through the same uncertainties in his mind. It is natural. That’s why we keep writing and or reading comments positive or negative.
Just make your assumptions one way or the other if you like to, don’t need to convince others. Most people know what they’re doing!
Ok, what’s your reasonings that make you feel (and confident) that there will be no deal?
Let’s hear it!
Let's hope Friday's big buyer(s) comes back for another big buy in power hour and give it a big push, lol
All you need to know how preferred shares work (don’t have to believe me)!
Even though they used the term "Envisioned" for $15 Preferred share price, you can rest assured, they meant it $15, it's not going to fluctuate with common price. Whenever companies decide to issue preferred shares, the price is determined at the beginning like here they did $15, it's not going to change, it never does, that's why it's preferred.
Assuming they will announce $45/$50 for 6% dividend calculation if stock price goes to 0.16c in next week is reckless to motivate poor retail to convert. As a proof, when stock price was way over 0.06c, they did not change the prefd. stock price $15.
Prefd. stocks face value don't change and for convertible preferred, you get benefit, when you convert to common.
For example, if the stock shoots back to .16 this week, I'm guessing we would hear from the company, next week before the deadline, that the "face value" (for dividend calculation) will be locked in at something like... $45 or $50.
Today's price action so far was very much expected, nothing unusual. The sudden rise on Friday happened not because of any news, instead it was for someone to buy a big block (like 30m shares). As i said, in order for them to buy so many shares, they had to put bid price way way over market price, that's why price increased suddenly big time on Friday. You can't buy even 100k shares with ask price because shares are not available, let alone 30m.
Obviously, still there is no news, so it had to come down by 20/30% today, so all good.
Now hope it stays over 0.03 today, that's a good thing that we moved from 2 to 3.
Meantime, it would be nice if they would release some progress or update on whatever to keep things going!
Lucky me, I got 100k at 0.029c today. I put that before market open, did not expect to fill, lol
CLX share exchange and other speculation: Thoughts
There will be NO exchange of CLX shares for PASO. It’s all PASO and its shares both pre and post merger. Remember, CLX merging with PASO and PASO is giving 10m Convertible Preferred to CLX for that. They will be convertible at a future date 1 preferred for 100 common, meaning 1 billion PASO’s common is reserved for CLX, that will be added to o/s shares of PASO at a future date.
As for the forward split, although it is an irrelevant thought at this time, for argument sake it’s never gonna happen. With the current share structure, currently they have over 1 billion o/s and add CLX 1 billion, you get over 2 billion already. Are they going to be crazy to forward split to make multi billion o/s shares? No way!
As for reverse split, that is also an irrelevant thought at this point. If RM goes through, stock price will be much higher, if we are lucky, could be in dollar land easy. Because of tender offer, some stocks will be converted to preferred, that will reduce o/s share count. CLX 10m will remain in preferred for a year or so. That means o/s shares will be at or below 1B unless they go crazy and cover up to 2.5 b AS. In that case, o/s will be at most 1.5b, which is still manageable. So reverse split may not happen in near future unless they decide to make stock price really really high to uplist in premier exchanges.
If RM doesn’t happen and they go crazy and make o/s covering up to 2.5 billion AS, well then who cares, anything is possible. So for now ignore all forward or reverse split speculation.
Tender offer: until they announce the conversion ratio to convert back to common in future, 250:1 is not guaranteed. We can assume higher or lower ratio but it’s up in the air. Unless someone can show me that it is already specified somewhere in the definition of Class C preferred shares or in their Articles of Incorporation, it is not guaranteed, everything is just speculation.
For now, let’s focus on RM and be happy!
These are not redeemable preferred shares. These are convertible preferred. You cannot redeem convertible preferred. Redemption can be done the Redeemable preferred shares (not convertible preferred)
My view on this as follows:
1. Once you convert to preferred, if they even do a reverse split, it will not affect your preferred as reverse split affects ONLY common, as long as during reverse split time you hold on to preferred.
2. The key here is the subsequent conversion rate or conversion price. PASO never clarified or mentioned as to what will be the conversion ratio subsequently. I can guarantee it won’t be 250:1 when you will intend to convert back to common.
3. If you read the PRs, PASO mentioned that CLX 10m preferred will be 1:100 conversion ratio. It is known.
4. For convertible preferred, it is mandatory to disclose the conversion ratio and that’s what they did for CLX.
5. The reason they did not mention the subsequent conversion ratio for tender offer is that they’re are converting NOW from common to preferred, all they have to say 250:1. They’re not required to say the subsequent conversion ratio.
6. Depending on the situation, later on they will decide the conversion ratio in future (could be 1 for 100 or 1 for 200 or whatever).
Many people think the conversion ratio will remain same 1 for 250, which is wrong. I can guarantee, it won’t be unless they declare now.
That’s a good question. It’s not retail for sure. Last few days overall volume indicates this is an out of ordinary transaction considering it happened in a big block and in a quick time.
My bet on some big fishes, could be some fund manager or some vested parties. We will know more if stock price continues upward next week!
The reason price went up so high so fast today is that someone wanted to buy a whole lot in a QuickTime (about 30m shares). The only way they could do that by putting the bid price much higher than the market price covering everything they wanted.
Good thing, this may excite the market and who knows, there may be something going on behind the scenes as well. Regardless, it’s a good sign.
Sorry, I didn’t mean to hurt anyone, it was just for fun. Good weekend to everyone!
Man, never say never, lol
1 hour candle 30.0m buy changed everything. Someone was very aggressive to take all the shares between 0.027 and 0.04. Question is what's in the horizon? Fingers crossed!
Wow, that was quite heavy buying. That's a very good sign for a Friday. Next week may be more fun.
Looking good!
Good observation and insights about PASO, CLX and others.
Being actively involved in couple of M&As, I know first hand, how these things work and the psychology behind all the actions undertaken by the parties involved. Nothing is random, there is a reason for everything.
I still think during May 2020, when they agreed to do an RM, they agreed upon all major terms and conditions (incl. 10m prefd. for CLX) and they were confident to close it in 6 weeks on Jul 15. But something happened afterwards and they changed their mind NOT to do it that fast, instead decided to defer it, it could be smaller issues, could be bigger issues, we don't know.
The only hope that they come to the terms again and go for RM asap and make us all happy.
RM deadline Q4
This was a genius move by PASO and CLX extending RM closing from Jul 15 to Q4 without a specific date and covering long period instead of indicating any issues.
It says "time is a great healer". If you give a long timeline for anything, gradually, you get used to with the issues, no matter how painful or difficult the situation is, it will seem less bad as time passes.
Now we see how most people are getting used to with this and some are moving on ...........
Some of us will still be there, hope patients get rewarded, LOL.
Prefd. shares: Everything is good except for one thing that is they never said this 250:1 conversion ratio will remain same, when you're converting back to common.
For CLX 10m preferred, PASO already specified that it will be 1 to 100 (that is when they will convert to common, they will get 100 common for 1 prefd.) but for us PASO never mentioned what will be the conversion ratio later on.
Don't take it for granted that the ratio 250 to 1 will remain same afterwards. They can make it any ratio. Don't believe me, ask your Accountant or lawyer.
It is always important to know Conversion ratio or Conversion price beforehand.
Would be nice if PASO had a representation along with others to demonstrate its solutions!