Friday, September 04, 2020 1:05:41 AM
When a RM completes there should be a super 8K or a 8K at the very least. When the Company name change and ticker change take effect, the old PASO shares will need to be vacated and replaced by the new shares (CLXH or whatever the new ticker symbol is). This is done by the Depository Trust Company (DTC). Imagine a store employee replacing an expired gallon of milk with a new gallon.
You will not need to exchange your shares yourself. This is done automatically. Sometimes there can be some issues with buying/selling shares during a ticker change, but everything is usually resolved in a few hours or By the next trading day.
They could stick with PASO since it is still somewhat apropos, but I would think that the BOD elects to change the company name and ticker symbol.
A new CUSIP number and a company name change with the SOS will be the first hints we will likely see.
My posts may contain forward-looking statements which may be beyond the comprehension of any backwards-looking individuals. I speculate, this is the OTC after all. In my opinion, all my posts are IMO.
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