Doog, Dr., Striper, Tad, Roofus, BBW, Olico, Haas, Cbrn, Pier, PokerStar, Peachman, and all the other folks who have been providing great DD here… Thank you.
I’m not just new to PASO, I’m new to the OTC game in general (traded a few other OTC stocks that currently have me underwater a tad), so I’m learning a lot sitting quietly on the sidelines, soaking up as much information as I can.
I grabbed my first 100K shares at .0275 earlier this year and accumulated more on the run up (at .08, .10, .12, .135). I certainly was disappointed with WHEN the announcement came out regarding the extension, but found it to be a blessing in disguise, as it gave me an opportunity to continue loading more (at .049, .05, .055). Full-on blessing.
I’m in the military, so I don’t make a ton of money, but I know a good thing when I see one. I’m also a student of risk analysis, and make very calculated decisions, usually driven by hard facts, data, rational thought, and common sense.
As a guy who’s been sitting on the sidelines, I wanted to just briefly say hello, let you guys know I’m “here” for the long haul, and give my perspective on the situation as it currently stands.
I was turned on to PASO from some deep pocket investors. DEEP POCKETS. Their share count is staggering (millions of shares in the .02X levels). They are very successful individuals who make their living identifying situations similar to the one PASO is up against, investing heavily, and subsequently increasing their net worth. If I had to just go on faith (simply their word that PASO was gong to be a homerun) I’d be ok with that, based on their previous success and current network.
However, I dug into the DD here and did some of my own. This is where I stand on the situation at the most basic level: The LOI is still in play. The LOI outlines PASO as the merger candidate (presumably the public vehicle for the CLX consortium/JV). If there was another company or organization that was in line to take the place of PASO here, there wouldn’t have been an extension…there would have been a “well, we’re moving in a different direction and it’s not with PASO”. So, for those of you trolling these boards spewing unfounded bs about SPACS, give it a rest. Go try to shake out some folks somewhere else. The reality here is that CLX, USTGlobal, SiriusIQ, and now TRU (among others) could have come to the table to influence (at any time) a move in a different direction and terminate the LOI as it currently reads. Show me where the LOI isn’t still good through Q4 of this fiscal year and we can revisit this point. Otherwise, get over it.
The trading I’m seeing here should be illegal. I mean to say, just as an example from this morning, the ask didn’t change for what seemed to be 30 minutes, yet wild swings in and out of red were taking place. The manipulation I feel is happening here is really unsettling. But, as I believe Doog has mentioned previously, it’s only a matter of time before the Big Dogs roll in here and smother the MMs and their manipulation. Until that news comes (expecting something good on 4 Aug) it will take some cast iron balls to hang on through the shakes.
I’m working on a book here it seems, so I will take a breather and jump back in a little later perhaps with a few other thoughts I wanted to throw in here. For now, I see the deal is still on. I see the merger and it’s partners has grown SIGNIFICANTLY - in our favor. I see JG is a man who takes great pride in his work and is a rising tide - someone greatly respected in the industry and someone who is ready for negotiations with the likes of multi-billion dollar key industry players.
Thanks again to all who are working DD every day. #PasoLong