Thursday, October 08, 2020 10:59:23 AM
Better Analogy:
PASO is like a home that has a good foundation and walls (Good share structure and RM candidate). It could be move in ready without too much cost, time or effort since there’s no termite damage or mold (no toxic debt). It will be a lot cheaper and quicker than buying a new home in this upscale neighborhood (cheaper than an IPO). It is in a great location (publicly traded). CLX decides its a structure they can work with and buys it (takes majority control with preferred shares). CLX brings in the carpenters, plumbers and painters to finish it as they see fit under their own construction management (New Board of Directors, lawyers, accountants to make sure all is in order). Finally, CLX moves in their furniture so the family can make themselves at home (brings in the business and employees). Lastly, they put the new address in their name and remove the sign on the wall that says “The PASObilities” and put a new sign up saying “CLX Health your TruPass to a HealthyAmerica”, more fitting for the new owners of the home (Name and Ticker change). The Deed is signed and it’s a done deal (DA signed and RM complete).
Let’s close this deal!
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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