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Tuesday, July 14, 2020 4:20:10 PM
And to clarify what I mean by that, a shell company means there's no tangible assets in it...which makes it an automatic 2 year wait before any funders can ever clear funder shares...hence why the over-whelming majority of reverse mergers make sure they do a clean reverse merger transaction in the proper legal order by ensuring the merging entity is officially merged in, b4 the current entity(PASHealth) gets officially merged out.
Then once CLX Health has officially taken over this public vehicle they're free to file for the official name and symbol change with FINRA ok.
And from there, it's all going to depend on how many joint venture companies are involved in this rapidly forming healthcare consortium of companies joining forces with CLX Health, and how many contracts the entire consortium rolls out, and what the appropriate/applicable sector multiple deserves to be that ultimately dictates the valuation metrics big money begins applying here ok.
Long story short, we still need to see the entire merger/joint venture unveiled directly ahead, before any of us, let alone any big boy money can begin determining where CLX Health eventually deserves to be trading at post merger/joint venture closing ok.
And you won't have to do anything with your PASO shares either ok. Any name and symbol change FINRA eventually approves gets automatically handled by your brokerage firm ok glty
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