I would like to talk a little about corporate image and trust.
-EDIT- this post is from 16 November, some information has changed, the discussion remains relevant.
First, to get it out of the way, I believe in CLX's future, I have a position with $PASO, I have preferred shares with $PASO, I have spent months researching this JV and deal.
Question to you the reader... Do you trust your personal information to a company that cannot conduct a proper Public Information campaign?
It's old to hear people say "if you need your hand held then sell your shares". These tired saying of unknowledgeable OTC traders pop up all over. It seems to be a mantra of those that buy a lot of lottery tickets, and do not know how business works.
Back to the question I asked. There are many variables to that question that should make it hard to answer. Which company am I referring to... how about all of them. PASO, CLX, UST Global, TransUnion, and SiriusIQ Mobile. They have all had a poor information campaign as a whole group. Let's talk about them individually. PASO may be about the standard example of an sub-penny, fly-by-night OTC stock if there ever was one. Multiple names, business attempts, and pump and dump schemes. Their information to the retailer is substandard enough to get a yield sign in the OTC Market. Bad? that's subjective, plenty of similar OTC stocks have the same...invest away. But go back to my original question... Do you trust PASO with your private, privileged, and medical information? They don't even have a phone number to call, a website to visit, an email that answers.
CLX Health LLC is a brand new JV created from elements of two other companies, UST Global and SiriusIQ Mobile LLC. Of these, USTG is the only one that has a name, though one that most have never heard of before PASO RM talks. USTG has 10s of 1000s of employees globally, respectable size and a private company. Have they ever once mentioned this JV or HealthyAmerica? No. Their choice.
SiriusIQ Mobile LLC is the other "company" in the JV. This company has a super fancy website and app, but that seems to be about it. Have you heard anything from them about this world-changing project? No. In fact, they don't mention anything except for a couple of collaborations (RackWare, Madiba, etc), do they have a product or service? Covid must have taken its toll on SiriusIQ, they took a PPP loan. I'd be interested in seeing their the books in the back office. I'll ask again, do you trust SiriusIQ Mobile with your same information? Do yo know anything about the history of this company or how they got to the position they are at?
Back to CLX Health LLC. This brand new LLC has zero history and only an address for public information. Their social media has been misleading at best, then all deleted with only a message of "we'll be back soon". That's an amazing way to start a global crisis mitigation project with international collaboration. That's sarcasm by the way. Here's more, I can't wait to hand over my privileged information to a company that can't even manage social media. It must mean they did not hire a PR professional, that's a shame. PR is being done by one person that deletes his own posts and those of the JV company.
The point of this rambling is not to rant about how this RM with PASO or global explosion of HealthyAmerica and TrustAssure will or will not succeed. The point is to ask you how you trust these companies with you private information when they can't even manage a public relations campaign or social media. From a business standpoint, this is a train wreck and I am in awe that there is even a future for PASO, CLX, and SiriusIQ outside of OTC pump and dumps.
I feel there are several things at play here causing this failed PR. The two companies that have reputation (Transunion and USTGlobal) don't want a haphazard pump campaign associated with them, therefore they do not talk about it. Also, CLX may be trying to get so big that they will eventually lose out on even more when the real-world passes them by and they are saying "wait wait, we were supposed to be the one". Finally, how can companies that have not provided a viable future for themselves or a profitable product/service be allowed share with the public anything of value. Good for TRU and USTG for keeping the JV team quiet (by JV I mean Junior Varsity).
This is the failure for the businesses involved. They have shown they do not care about the public or the shareholders. Do they have to update the public on everything? No, but why not take the opportunity to discuss progress or future (without disclosing NDA material) of this supposed Global-Impact Life-altering project? They missed the mark on that, by a lot.
So the question, do you trust PASO, CLX Health, and SiriusIQ, the three "companies" involved, with your most private of information? They can't even manage a tweet without ultimately deleting it.
Do I need my hand held? No, I don't, but I am sure some of the readers will ask me that. Those will be the same tired people that follow twitter pumpers and say things like "buying cheapie down here" "thanks impatient hands" and use rocket ships to describe their ticker posts. that is some investment strategy to buy cheap worthless stock because some tweet had rocket ships, hoping it will "go to the moon" like a lottery ticket. The market needs you guys as well, I suppose.
Would I do business with either of my companies or companies I represent? Nope, unless they brought me in to give them a new public image. I hope they won't try to pay me in PASO stock if they did.
