Patient Access Solutions Inc (PASO)

[Davieelikewat]

Been following and have a stake in PASO for about a month now. I appreciate all the great DD everyone on this board has been posting. And like most of you I am holding and hoping that this deal goes through. In my years of business dealings nothing is official till it's signed.

I have my doubts on whether CLX will want to go through a reverse merger given that this is a new concept and hasn't been implemented anywhere yet. Because of that it'll be difficult to do any projection of a revenue model. CLX might decide to keep this private until they can secure some deals and the JV with these large companies I doubt they will be needing to raise money as they'll be well funded and possibility using resources from these 3 companies as they develop their platform.

Regarding the platform/concept they are trying to implement, it might be tough in this political landscape to get buy in from big name companies as it could polarize their customer base because of infringement of people's freedom and exposure of health data. I think it'll do well in foreign countries but not in the US.

Still learning a lot about reverse mergers but can anyone list the pro and cons of why CLX would want to go public?

My other question is related to PASO, at this point is it just a shell company or are they still operating and generating revenue? With their website down and the PR silence, not sure what they are currently doing.

Thank you