Patient Access Solutions Inc (PASO)

[doogdilinger]

That's an easy answer ok Arminius. Former PASO Chairman Gonzalez made sure to issue every available remaining treasury share via Restricted 144 issuances since January 1st 2020 until PASO's share structure was maxed out, and then he went onto the open market and bought an additional 10M shares off the open market for good measure, before officially resigning from PASO and becoming an executive at SiriusIQ.

This way CLX Health and their joint venture consortium can reverse merge into this beyond clean PASO public vehicle instead of waiting 9 months to do an IPO. And in the current covid crisis, I have no doubt that IPO's are taking longer than 9 months to even achieve ok.

So it's the perfect plan, because PASO had ZERO 3rd party convertible noteholders on their books, and ZERO Reg A shares were ever issued prior to the SEC officially cancelling the PASO Reg A this spring. In other words there's ZERO dilutive instruments of any kind on PASO's financials period ok!

Meaning now all those Restricted 144 Shares issued since January 1st of this year(which all come with an automatic 1 year holding/vesting period) can be dispersed amongst the joint venture consortium of partners, depending on what all the jv partners have agreed to...and voila, CLX merges into a pristine clean OTC Public vehicle that will be valued on the contracts signed, and whatever appropriate sector multiple deserves to be applied once the entire merger/joint venture curtain is unveiled directly ahead ok.

There's nothing wrong with IPO's, it's really just a matter of reverse mergers being a far more rapid way to go public period k cheers!