Patient Access Solutions Inc (PASO)

[Chuck_Norris]

REPERCUSSIONS CONSIDERED



I appreciate folks reaching out to get my opinion on the recent PR from PASO. I'll try to keep this brief (Chuck brief) as I am spending some very rare time off with my family over the next few days.


From my -FOUR KEY FACTS- stickie post, all four facts will be highlighted here (indirectly), as well as my previous post entitled SOME PASO DD. Those are worth a read to get a full grasp on things as I see them, in my opinion, based on the facts. The first thing I’ll address is the recent PASO PR being “all anyone needs to see” that the deal with CLX and PASO is off. The second thing I’ll address is the very real reality of law enforcement from the federal level keeping tabs on nefarious activity in the market.

FOUR KEY FACTS - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158353784

SOME PASO DD - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160107055


30 December 2020 PASO PR


The recent PASO PR was not what anyone (including me) was expecting…but it’s hard to classify it as “bad” news in my opinion. Part of the confusion I’m seeing is likely stemming from ignorance of these types of deals. I won’t pretend like I’ve already seen every word on the definitive agreement (DA) or Operating Agreement (OA)… but I feel like somehow, others have. Are there some reverse mergers that completely absorb everything that existed with the pubic vehicle? Yes, many of them. Are there some reverse mergers that have the public vehicle operating independent of the (previously) private entity? Yes…the details of which are outlined in the DA and OA. The parties involved can negotiate those terms however they see fit. Without seeing the DA or OA, only assumptions exist. So, to say that PASO “aggressively moving forward into the exciting new area of biological mental health solutions” is a bad thing (or is communicating that the deal is off without actually saying it) is, at best, merely speculation. Now, I do personally feel like Bruce should exclusively be focused on the deal with CLX for reasons that are quite obvious, but it’s not my company.....and who the hell am I? Further, it would be an uphill battle to argue that anxiety/depression/PTSD aren’t on the rise… that there isn’t a massive rise in anxiety and depression disorder in America. According to the National Center for Health Statistics “symptoms of anxiety disorder and depressive disorder increased considerably in the United States during April-June of 2020, compared with he same period in 2019…. The public health response to the COVID-19 pandemic should increase intervention and prevention efforts to address associated mental health conditions.”
Source: https://www.cdc.gov/mmwr/volumes/69/wr/mm6932a1.htm

“Federal agencies and experts warn that a historic wave of mental-health problems is approaching: depression, substance abuse, PTSD and suicide. Just as the initial outbreak of the novel coronavirus caught hospitals unprepared, the United States’ mental-health system - vastly underfunded, fragmented, and difficult to access before the pandemic - is even less prepared to handle this coming surge.”
Source: https://www.washingtonpost.com/health/2020/05/04/mental-health-coronavirus/

Bottom line…with all the uncertainty surrounding this deal, I’m not going to get ahead of myself and say I think the deal is off when I haven’t seen anything that actually says that… and for those convinced that it is off, well...the stock price was trading in the .02 channel just before this "sure thing the deal is off" PR dropped. And yet, the stock closed at .02 one day later. Imagine, on 15 July 2020, PASO drops a PR stating that CLX had requested a DELAY to an ongoing deal and the stock price plummets roughly six cents in 30 minutes, and yet, at the end of Q4 2020, a PR "allegedly" solidifying the deal is OFF moves the stock down a few tenths of a penny and recovers back to it's previous channel the very next day? Hmmmm.

Additionally, if Bruce wants to “move forward” to do something that, from the surface, appears could be quite lucrative, then great (something he likely has been looking to pursue per previous PRs - all while CLX was still tweeting “Roadmap Intact” while retweeting a reference to the RM/PubCo). Bruce hasn't been exactly "successful" in his previous ventures, so I'm not going to hold my breath that he figures everything out with this new "medical facility", but if he does it right, and hires someone else who is an expert and a professional in managing mental health facilities to run the joint.... then just maybe it'll work out from that one revenue stream. Lastly, I know this won’t be a popular angle to view, but I’ll address it anyway since it’s only fair to give it some thought. Nowhere did CLX or PASO ever say that they were going to drop a PR in Q4 of the 2020 calendar year addressing the signing of the DA. Here is what was said (If there is anything else I missed, post it up):






I know, it's a stretch. Maybe the deal is done. Ink is on the paper. Why not then share the good news with the shareholders? It's a material event... certainly we should be apprised. I don’t have a good answer for that (or one that most would feel is a good answer). I have my theories, but I’ll wait to address this specific topic once I have the last bit of information I still seek… which I’ve already set the conditions to obtain. Both of my theories will likely be considered obtuse, but such has been the case throughout this entire process. I’ll share when I have what I need.


Now for the second topic… Below is a link to a recent article that would be very sobering for anyone involved in a pump and dump fly-by-night operation. Securities Fraud is real... and so is conspiracy to commit such an act, which, from my limited research, is very straight forward to prosecute. Any conviction for a federal securities fraud crime can result in a 5-year federal prison sentence (per offense). In some situations, fines of up to $5 million are possible.

I'm NOT saying that the below article is exactly what we are dealing with. I AM NOT saying that. What I AM saying is that, there is a long arm out there that has been tasked to seek out criminal behavior in this space and to bring about justice. So, if this ever turns out to be something that I personally believe it is not, then I trust that the investigation that will undoubtedly occur will find what’s there to be found - leading to justice being served.
There will always be differing of opinions out there. So, no matter what someone might think (that there is or isn’t criminal activity here), I believe all should at least be able to agree that the professionals should be left to make that determination. If someone can say DEFINITIVELY right now that there hasn't been any wrong doing, that would either scream ignorance OR insider. Either it's a guess based on what we can all physically see (dismissing that anything else is going on behind the scenes that we can't see) OR it's known ABSOLUTELY that there hasn't been any criminal activity because of placement and access as an insider. Same can be said on the flip-side of that coin.
JG is doing alright financially without this deal. He’s living the good life through his previous success. If you think he’s willing to trade that in for an ol 6x8, then, OK. Same for Bruce… certainly not as well off right now, but freedom today is far better than broke and incarcerated tomorrow. It’s entirely possible, though I just don’t see it. Maybe I’m blind or too callow to see the deceit and deception. As I’ve said from the very beginning… I’m here to see a signed DA or a terminated LOI. If the LOI is terminated, it’s only a matter of time until that information is uncovered. From there, the timing of the termination would play into everything else. To be clear, despite being disappointed at how this entire operation has been handled, because I don’t have anything saying the deal is off, I’m considering the “roadmap” still “intact” with more news coming regarding the proposed reverse merger with CLX and PASO.

Enjoy the read.

Nine Individuals Indicted in Global Resource Energy Inc (GBEN) "Pump and Dump" Scheme

http://www.securitieslawyer101.com/2020/nine-individuals-indicted-in-global-resource-energy-inc-gben-pump-and-dump-scheme/