Monday, November 23, 2020 12:47:30 PM
1) "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". I interpreted that as all things are going as planned and PASO is holding up their end of the deal and working to make sure deal happens.
2) "As the next steps in our restructuring are completed we will be releasing them to the public as well." I interpreted that as, When PASO has news to report they will. They have been pretty good about keeping investors in the loop. But a keyword in that last sentence is "Restructuring". That is something that takes time for any company. With that said, restructuring is only something a company does when they are gearing up for change. If this RM is just half the size of what the headline on this board states above the UST Global and LOI pictures on this board saying "HUGE Merger Folks!!! UST Global, SiriusIQ and CLX Health" then a restructure was bound to happen and it will take time.
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