Patient Access Solutions Inc (PASO)

[Captain Fantastic]

Not sure how well this will be received...

..but I’m going to be as transparent as possible and hope to add as much value here as I can as we wait for a signed DA or a terminated LOI.

If you haven’t already glanced, this is both my debut post on this board and on iHub. I have been a shareholder of PASO since February 2020 and have made it a point to check this board several times each week as I’ve seen some seriously impressive due diligence shared. I’ve done my own DD to supplement what I’ve found on here and have taken the totality of circumstances into consideration - which has ultimately brought me to add here on several occasions. I’d like to get a few things out on the table to help save some time going back and forth:

1. I am not new to anything surrounding the details of this deal.
- I’ve been following closely since February

2. I do not own as many shares as quite a few have claimed to own here (over 1M).
- $10,000 to invest in a penny stock, where I come from, is a lot of money. I wish I wasn’t from where I’m from!

3. I’m not going to be able to contribute to the level that the BigBadWolfs, PrestigeWurldWides, Chuck_Norris’, Dr. PennyStocks, Davis_Elites, or MoneyForNuthins of the board have contributed.
- I took the plunge and finally created an account for one purpose… accountability.

When I stop in here, sometimes I’ll see someone post something that is entirely misleading… but what makes it worse is that they are using bits and pieces of “fact” to do it… which it turn creates a message that is being absorbed (consciously or unconsciously) by everyone, noobs and veterans alike. I sit on the sidelines just waiting for someone else to address the issue, but it often gets passed over. Then, a trend develops, where that misleading message eventually becomes accepted. Well, I’ve seen enough of it, so I’m here to hold those acts accountable for the purpose of ensuring the “facts” aren’t being manipulated and to add what value I can from this unique point of view.

I’ll give an example of what I’m talking about so you can better understand my intentions. I have seen posts get deleted for less, so here’s hoping I can pull this off without violating the terms of service or otherwise rubbing any of our fine moderators the wrong way (who btw deserve a medal for dealing with the craziness this board has been subjected to over the last several months).

There has been several instances where it has been said that CLX asked for an extension, deferring due diligence of PASO, because/for/to pursue "other" business opportunities. This message is being presented as fact, when really it’s an interpretation at best. See below and then hear me out.

MNK3240
Thursday, 09/10/20 05:27:43 PM
Re: None
Post # of 50658
Jul 14, PASO indicated CLX had to defer the DD to pursue other business things, which was more important than DD and RM, right before closing date, things were not as sexy!

MNK3240
Friday, 09/11/20 09:27:23 AM
Re: doogdilinger post# 41569
Post # of 50659
During their extension request, the reasoning was they were pursuing other business opportunities, so they had to defer the DD, that bothered me. If they would add that everything they were doing would benefit the merger (or hint of it), would make us happy.

MNK3240
Friday, 09/18/20 09:28:59 AM
Re: Chuck_Norris post# 43236
Post # of 50659
Any reasonable (and professional) person knows you don't have to defer a set RM date to pursue other businesses. DD, DA and other merger related processes are done by lawyers/accountants and technical people. You don't have to defer a set closing date and then set a whole quarter Q4 (with no specific date like before, does not sound unusual?).
So real good intelligent people are skeptical despite there is an active LOI.

MNK3240
Tuesday, 09/22/20 03:48:17 PM
Re: None 0
Post # of 50659
There was writing on the wall
* When PASO said they were actively looking for others in addition to active CLX LOI;
* When showed the reason CLX deferred DD for other business opportunities;
* When they set a full quarter Q4 (instead of a specific date)
* When PASO said they believe "there is any less likely to happen (freaking RM)"
* JG and his partners (incl. some on this board) were happy doing other things.

MNK3240
Monday, 09/28/20 12:10:56 PM
Re: None 0
Post # of 50659
PASO's Jul 15 PR for delaying and the reason clearly showed there was no excitement. CLX deferred DD for other business opportunities. PASO said they don't believe it's not any less likely to occur due to delay.

MNK3240
Wednesday, 10/14/20 04:20:14 PM
Re: Investophile post# 50033
Post # of 50659
In this case also, the delay was not due to any regulatory or other challenges, the delay was simply CLX to pursue other business opportunities. That’s exactly what CLX and PASO mentioned in their PRs.

MNK3240
Thursday, 10/15/20 12:40:30 PM
Re: phantom1 post# 50287
Post # of 50659
The official reason for the delay was for CLX to pursue other business opportunities. It was never for additional partners to join in RM (or with CLX JV), this is the biggest mistake and speculation people keep doing at all times.

MNK3240
Friday, 10/16/20 03:23:41 PM
Re: None 0
Post # of 50659
As soon as it was delayed from Jul 15 to Q4 indicating CLX pursuing other business opportunities, from that on it has become a ‘Hope and pray’ type thing for PASO shareholders.
We can argue this everyday in million ways for and against but the truth is that the potential of RM happening has become completely UNCERTAIN.

MNK3240
Friday, 10/16/20 06:22:25 PM
Re: SharpsMillions post# 50625
Post # of 50659
Before we had a specific closing date Jul 15, that’s been extended to Q4 without a certain date. The extension was made for no valid reason other than saying CLX pursuing other ‘business opportunities’. Now if anyone invests on this little info, you decide what to call them considering it’s an OTC.....

The great thing about doing your own DD is that the process gives you the opportunity to verify stuff. If you were to just take what was said above as fact (the way it’s being presented) then you may be lead to believe that CLX isn’t really all THAT interested is sealing the deal with PASO… I mean, after all, THE REASON (according to the above) for the delay was for CLX to pursue "other" business opportunities… so as to insinuate that CLX either is 1) more interested in “other” business (“other” than satisfying an ACTIVE LOI by signing a DA with the proposed reverse merger candidate - PASO), or 2) that they would like to entertain “other” business opportunities that might provide options on how to get the deal done with someone else.

Here is what was really in the PASO Board of Directors PR.



Clearly, the PR says “As CLX Health continues to pursue and coordinate on its business opportunities, they had to defer their due diligence of PASO”. This sounds WAY less dramatic than “CLX deferred for "other" business opportunities”.

One essentially says, “CLX continues to work on (pursue/coordinate) the business for which they are engaged in… to include business related to the reverse merger into the PASO public vehicle.”

The other (no pun intended) essentially says, “CLX is more interested in "other" business opportunities rather than focusing on the deal at hand”.

It’s something as subtle as this (changing even one word from what was actually said) that could easily cause confusion. And because it’s so subtle, if you read it enough times, you could potentially believe that’s what was actually written - even if you read the actual PR once before…. that’s no match for someone posting something as fact DIFFERENT than what was actually in the PR nine (9) times in 34 days. NINE TIMES? Maybe once or twice, but NINE?

Facts are king. If we are to think that any of us are providing any relevant “value”, it would behoove us not to present something as a fact when it clearly is not, possibly causing people to be mislead.

Speculation is always welcome, of course, but not presented as a fact. Words mean things. So, if someone wanted to interpret the word "its" as "other", then record it as speculation.


This is just one small example of the accountability I plan to address. If you think I’m being too critical or micro, well, I'm just passionate about this stuff.

Thanks to all those who have been digging deep as of late. I see you Craven, Prestige, and Mox! Roof, you got me dream-building with those wild numbers brother.

- Captain