Patient Access Solutions Inc (PASO)

[Chuck_Norris]

Holy DD batman! Wow awesome!

IAMMINDFULL, Thanks a lot. What’s cool is, that part you like is going to happen. The BIG BOYS have far more to lose than we do, so when they push their chips in the pot, you better believe they have to be holding a full-house or better. In this case, the signing of a definitive agreement (DA), the filing of an operating agreement (OA), or potentially a public announcement from a BILLION dollar stakeholder (i.e. TRU) that unveils the “solid line” for all to see would be the cards they’d need to be holding. SOLID LINE: TransUnion registered HealthyAmericaTM—>HealthyAmerica is going to be leveraged/supported by CLX—>CLX is a conglomerate/consortium/JV made up of several companies in the IT, Health, Data Aggregation, Business, Intelligence, and Cloud-Based Automation industries (UST Global, SiriusIQ, TransUnion, Availity, PointClickCare, etc) that has an ACTIVE LOI with Patient Access Solutions (PASO)—> LOI describes the intent for CLX to use PASO as THEE reverse merger (RM) candidate - the vehicle that will be used to take this groundbreaking JV public.

From the Letter of Intent dated 28 May 2020:

“CLX shall acquire, subject to the completion of due diligence, the execution of a Definitive Agreement and Board and Shareholder (if necessary) approval, 10 million shares of preferred Series Stock of PASO. It is understood by the parties with joint financial interest in CLX acquiring control of PASO is to effectuate a reverse merger between PASO and CLX Healthcare Joint Venture partnership “CLX” (“Acquisition”).”

Further… (why hounding JG isn’t going to get you anywhere because his hands are tied…. AND why all the SPAC propaganda/speculation is total BS):

“Each of the parties hereto shall, and shall cause their agents and representatives, to keep confidential as proprietary and privileged information the negotiations of the parties respecting the consummation of the transaction contemplated hereby, and any other item which may be expressly identified or noticed as confidential hereby (“Confidential Information”). The parties agree not to negotiate with any other reverse merger or financing candidates during the pendency of this Letter of Intent.”

For those of you who need this drawn out in crayon, here you go…





“But they [PASO Board of Directors (BOD)] issued a letter to Shareholders ON THE DATE (15 July 2020) they were planning on announcing the merger, that they were going to grant CLX an extension at their request! How unprofessional and unsettling was that!?”

First of all, according to that letter, the PASO BOD wasn’t even informed of CLX’s wish to seek an extension until 14 July 2020….just one day prior. For anyone who has spent even one day in REAL BUSINESS, you know that WORDS MEAN THINGS. When you’re working with a MASSIVE GLOBAL deal like this one, trust me… you better make sure every single word in your letter to shareholders is worded and phrased exactly the way you mean for it to read. What’s that entail do you think? Well, it first needs to get drafted by someone who knows what the hell they’re doing and has the full scope of what was asked and why it as asked - thereby understanding the meaning of it all and how to appropriately word the letter. Then it needs to go for review (in the military we call this supervise and refine). There were probably 10 different people from 4 different departments pouring over every sentence, every word, to make sure that they were addressing you and me exactly the way they intended. Again, words mean things. So, it got drafted, sent to multiple layers of supervisors, then to the board, then to legal, then back to the board, then to the Public Relations, then back to legal, then to the pre-publication team, then finally to the board for dissemination. How long do you think that process normally takes? Let’s just say they probably jumped through their asses to get you that information in less than 24 hours (pre-market on the 15th). Best part is, some people on here would have crucified PASO had they just tossed a tweet out the moment they read the request for extension on the 14th…. claiming “how unprofessional” letting us know there was an extension through a tweet. “Damned if you do, damned if you don’t” sounds about right.

“Then it’s CLX’s fault and we should crucify them! They did PASO dirty and, therefor us dirty!”

Ok… were you there? Were you pulling all-nighters every single day for WEEKS leading up to July 14th witnessing the TEAMS of executives and the ARMY of legal staff trying to get this deal done by 15 July? Do you have any idea how hard they pressed, thinking they still had a shot at delivering on the 15th? We now KNOW that several other entities are now onboard that were not part of the initial consortium, so it’s quite easy to assess that the plan, as it was, would not be able to seamlessly add in these other entities AFTER the merger was inked. CLX saw the issues that would cause and made the executive decision to request an extension - an action we all should be overly grateful for. Why?

1) CLX could have told PASO they were moving in a different direction, and that direction would no longer require PASO’s involvement, subsequently TERMINATING the LOI (that means you’d be staring at .008 right about now).
2) It did incite the uneducated and narrow-minded to sell off… leaving us with GIFT to double/triple down in the 5s.

If the LOI survives, as written, through the signing of the DA and OA, buckle your seatbelt, pull down on your lap bar, keep your arms and legs inside the car at all times, and enjoy your ride.