Just off a phone call with a hedge fund friend of mine and here's a quick summary of what he just told me:
1. When you're a private company you have a TON of flexibility and less regulations in the private sector which in turn allows you to formulate better deals for your company with no public company red tape involved whatsoever!
2. Yesterday's discoveries of Trans Union and Availity already listed as partners with Trans Union themselves driving the bus on that MASSIVE pdf file accessible on Trans Union's own website, clearly proves that this initial consortium of CLX/UST/SiriusIQ is getting way larger than initially imagined in the May 29th LOI filing.
3. So this extension into Q4 simply provides way more flexibility to sign significant valuation driving contracts while CLX remains a private entity without any of the PubCo red tape involved had they gone public today. Which in turn will simply result in ALL the eventual pending valuation metrics involved in this MASSIVE healthcare consortium forming being able to be fully revealed upon the Q4 filing of the Definitive Closing Agreement!
And PS: He also said that there's absolutely nothing stopping CLX Health from announcing via official PR's as many contract signings leading up to the official closing as they like! So that when the closing does officially occur, we'll have fully audited financial proof of what valuation metrics are involved, how enormous the healthcare consortium involved has become by that time, and what appropriate/applicable sector multiple needs to be applied.
Also, Q4 starts October 1st, so it's not like it's an eternity away, and if we start seeing PR's and contracts now through October there will be more big boys position building leaving all joe retailers out in the cold glta
In summary, it's the much wiser thing to do, than go public now, when we have PROOF POSITIVE that many additional significant partners are already officially involved with CLX that until yesterday, none of us were even remotely aware of, beyond tracking the 11 companies and countries the CLX Health twitter account is now following.
Never buy or sell based on my posts! My posts are just my opinion!
