Patient Access Solutions Inc (PASO)

[Tsunamieater]

Probably some form of restricted shares and I believe it's stated in the LOI that a convertible of 10M shares is being considered (conversion rate has yet to be announced). The problem with no increase in Authorized shares is , who would agree to a deal that promised shares that were yet to be Authorized? What happens when a Conversion is requested and there aren't any shares available and shareholder approval, for an increase is denied? I'm not even sure a PubCo. can even issue a convertible without having a reasonable expectation that there will be enough Authorized shares (AS)+. My initial suggestion that I believe an increase of AS supports the speculation that a deal is still on the table. Simple