Patient Access Solutions Inc (PASO)

[MoneyForNuthin]

No, I don't think so. I feel confident of that, but that's just my opinion of course. I think that the C shares were described pretty well as for their purpose, and however the brokers/dealers are referring to those share for their internal systems, that's just an artifact of their platforms.

I believe they are doing what they've said, and buying into control of the company and appointing their own Board of Directors. So they will be the surviving entity and the business will become CLX Health PubCo, Inc. (just meaning that CLX will then from being a private company to a public company).

I do however think that it's POSSIBLE that the company might spin off the old PASO business. That's just something that is done frequently with reverse mergers.

Though, in the September 1 PR announcing the A/S increase for the merger, the company stated:

As the Company moves forward with the proposed Reverse Merger, currently at the signed Letter of Intent stage, with CLX Health as well as expansion of the core healthcare management business...

We can only guess at exactly what they mean by "expansion." If a spinoff, I guess I can see how that statement COULD apply, or I can see it in other ways where the spinoff idea might NOT apply.

But I do see the pending reverse merger as a straightforward take-control and rename the business type of reverse merger where there would then potentially be a name change, ticker change, and likely an eventual uplist to major exchange.

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