Patient Access Solutions Inc (PASO)

[MNK3240]

Reason for deferring RM to Q4:
PASO says "there can be no guarantees made by the Company until a Final Agreement is potentially reached"

This one line validates my assumptions all along that there have been some disagreements between PASO and CLX sometime between May and Jul and that's the reason CLX deferred the RM to Q4.

Today's PR and PASO's above comment prove that they still have not reached to a final agreement between them. So it will remain like this until we hear otherwise.

It doesn't look like we are going to hear any positive news anytime soon. If they were able to resolve the issues, PASO wouldn't make this comment today.

Hope they can resolve the differences between them and we hear a good news.

The Company has delivered to our loyal shareholders the dividend, which we are told all have received at this time. The Tender Offer is also now closed. The Company is waiting for our Transfer Agent to provide the final tally to us showing the number of shares of common Tendered for the new Series C Convertible Preferred shares. These first two steps were done to facilitate the larger plan of the previously announced Letter of Intent with the Company's potential merger candidate. While these discussions are in an ongoing state at this time, of course, there can be no guarantees made by the Company until a Final Agreement is potentially reached. As the next steps in our restructuring are completed we will be releasing them to the public as well.