Patient Access Solutions Inc (PASO)

[Chuck_Norris]

The Krueger Connection

I'd first like to reiterate the job well-done and my personal appreciation regarding the due diligence (DD) conducted by PrestigeWurldWide. This was the one formal question I had in my original post (quote). If that information was readily available, I trust others would have already stumbled across it. So, great work here. Let's also make very clear that Prestige correctly said "coincidentally there is a Lauren Krueger who is Managing Director of KKR..." so as to not definitively declare that "this" Lauren Krueger is THE Lauren Krueger that holds PASO 144 shares.

I'm going to present some perspective on this topic, but there is a teaching point I believe we would all do well by keeping uppermost in our minds.
The teaching point is simply this: Things may not always be what they seem, until they're verified.

DISCLAIMER: My intent on posting the following information is strictly to add to the PASOholic collective DD. Although, I do have several layers of detailed information on this subject, I will only be providing the minimum required to address the concern (out of respect for other people's personal information). Statements that I might make that appear to lend to my opinion on this matter, are simply that and nothing more.

The FACTS I'm about to present are just that; facts. I am NOT saying the Lauren Krueger that Prestige found isn't the Lauren Krueger who also holds 144 shares, but I AM saying there is other information that suggests she is not. The totality of circumstances should be taken into consideration when seeking to draw conclusions.

The FACTS:

Lauren Krueger #1 - KKR connection

Lauren Krueger- 45, lives in NY and is a Columbia University Alumni (Class of 2002). She is currently the Managing Director of KKR Credit (since 2018) and sits on several advisory boards, including the Advisory Board of Columbia Business School's Heilbrunn Center for Graham & Dodd Investing. The only Lauren Krueger in this specific area of NY (that I'm omitting), that is 45, is married to a Daniel Krueger. Dan is a Finance Professor at (you guessed it) Columbia University. He got his MBA from there in (you guessed it again) 2002, same year she graduated. Dan's father was Rev Edgar Krueger who passed away in Edinburg TX just this past June, 2020. Rev Krueger's obituary shows all family preceding his death, and shows all surviving children (with spouses) and grandchildren. There is no Jeffrey or Michael Krueger associated.




Lauren Krueger #2 - Jeffrey J and Michael connection

Jeffrey J Krueger is 54 years old and was born in July of 1966. Jeffrey lives in WI and has been there for at least 30 years. Jeffrey was married to 53 year old Janine R. Krueger. The following people are relatives of Jeffrey Krueger: Michael Krueger (24) and Lauren Krueger (23). Jeffrey Krueger is associated with KRUEGER CUSTOM HOMES INC, JJK ENTERPRISES, INC.



CONCLUSIONS:

Lauren Krueger #1 - KKR connection

I find it hard to believe that THIS Lauren Krueger isn't the one holding PASO 144 shares when we know KKR is involved. She's a Managing Director, so she would have the executive level connections usually seen in these 144 filings. Aside from a fitting current job description of "leading KKR's corporate governance efforts across U.S. Private Credit and Special Situations strategies", she also served in investing roles at Esopus Creek Advisors and the D.E. Shaw Group. Investing roles? Hmmm. As perfect as all this sounds.... No connection to a Michael or Jeffrey is anywhere to be found. It's worth noting that it is increasing more difficult to hide from the resources my team leverages. This is to say, if Lauren #1 had any connection to a Michael or a Jeffery J, we would have discovered it (that much you'll have to trust me on). Usually I would be cautiously optimistic if we could have made to the connection to just one (either Jeffery or just Michael), but no dice.

Lauren Krueger #2 - Jeffrey J and Michael connection

Take a look at the amount of 144 shares that were purchased by Jeffrey J Krueger (38,718,714). Now take a look at how many shares were purchased by Lauren Krueger (2,500,000) and Michael Krueger (7,000,000). Just from the very surface, this speaks to me like a father (Jeffrey) with "the lion's share" of shares and his children (Lauren & Michael) with smaller portions, indicative of what a father would purchase on behalf of his children. If Jeffrey is age 54, the math works that Lauren (23) and Michael (24) are, with high confidence, his children. Now, I mentioned earlier that Jeffery was married....WAS married, but now no longer is (divorced from Janine R Krueger in 2009). This explains why ol' Janine here isn't listed as a 144 shareholder.



Chuck's Final Thoughts:

If Lauren #1 isn't the 144 shareholder, this would be one of the most epic coincidences of all-time. The probability of this not being her is astronomical, but it's possible.

The realization that Jeffrey is the father of Lauren #2 and Michael, fits. The connections were made between the four of them (Jeffrey J, Janine, Lauren, and Michael) several times throughout our datamining. Further, Lauren #2 is the ONLY Lauren Krueger found who is associated with "a" Jeffery J Krueger AND "a" Michael Krueger. So, how did a Custom Home Builder get on the exclusive 144 list? Well, I'm glad you asked. During my most recent custom home build, I was in daily contact with the project manager and weekly contact with the architect. I don't even talk to some of my colleagues that frequently and I'm around them constantly. This is to say, I developed a strong relationship with these two guys because I was on the phone and meeting with them regularly for 11 months. They are now, genuinely, friends of mine. Could the same be true for Jeffrey? Did he build a custom home for someone on that list (JG, Linzalone, Krystoff, Weitzberg, etc)? If the time I spent with my PM/architect is any indication of the norm, then I think it's plausible, even probable, that this is where the Krueger connection lies.

I know... I know. I am struggling with the KKR piece as well. I know. But these are the facts, and that's what I'm here to provide.