Patient Access Solutions Inc (PASO)

[MoneyForNuthin]

$PASO This is very straighforward, and I have no problem with summing this up very simply. Some folks are just full of it. Stop sowing doubt, learn to read and just keep it simple (KISS: keep it simple stupid). Have you ever heard of Occams Razor? I guess not, just look it up.

The company clarified for all investors that those who are "spinning" the PR to spread FUD are incorrect, that "pursuing additional transactions" does NOT mean "pursuing reverse mergers."

For anyone else that is clueless about how business works - in this case how public companies work - "additional transactions" can be any of countless other types of deals. For example, perhaps PASO and its board are actively pursuing the purchase or sale of an asset; or perhaps they are pursuing the purchase of a shell for spinning off the Medical Practice Management business (as I suggested in another post); or perhaps they are pursuing a "transaction" for taking the Medical Practice Management business private (along with any related debt/liabilities, as BBW suggested in another post). Many other possibilities abound for whatever "additional transactions" the board aluded to in the press release. When the company is able to disclose additional information regarding whatever transactions, they will... as stated in the PR.

What is clear is that the company made it VERY CLEAR in the disclosure that "additional transactions" DOES NOT MEAN pursuing reverse merger deals with any other parties - as certain FUD spreaders on social media had suggested.

From the September 1 press release:

PASO and its Board have been actively pursuing additional transactions in addition to the LOI with CLX Health, LLC. We look forward to sharing the results as they become available.

https://www.otcmarkets.com/stock/PASO/news/Patient-Access-Solutions-Inc-Plans-to-Increase-Authorized-Shares?id=272590

From the September 2 disclosure statement:

9/2/2020
It has come to the attention of the Board of Directors of PASO that further clarification is required regarding the Press Release of September 1,2020 and phrase ” actively pursuing additional transactions in addition to the LOI with CLX Health, LLC”
Patient Access Solutions, Inc (PASO) has not and is not negotiating with any other Reverse Merger parties or financial candidates at this time in keeping with the terms of paragraph 6 of the Letter of Intent (LOI), with CLX Health which had been previously announced to the public. As stated, Patient Access Solutions, Inc and CLX Health are currently in the process of coordinating their respective due diligence to bring the matter to its conclusion. Separately, Patient Access Solutions Inc. is continuing to work to grow its Medical Practice Management business.

Board of Directors
Patient Access Solutions

https://backend.otcmarkets.com/otcapi/company/financial-report/257078/content