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Thursday, January 28, 2021 10:33:10 AM
The address they have online shows an apartment complex. No photo's anywhere.
They just lost a deal they've been fighting for desperately which was the only path to riches for shareholders.
In addition let me share something a little more concrete. PASO now has a share-pool of 1.2b shares. They just diluted the hell out of themselves (someone made a lot of $ from this too. I am guessing a friend of this Joey Gonzalez character.)
So lets talk about valuation. $0.01 means $12m. If it was to go to say $0.02 that would be $24m. Why would this company be valued at even $12m? Its valueless. Stock is worth maybe $0.0025 maximum.
To make matters worse the CEO "Bruce" had every opportunity to disclose publicly the status of the reverse merge. Instead, he decide to speak of a mental health clinic after the RM due date. No information about how much this clinic cost, where the money came from to buy it, and a wild stab at the revenue it may or may not generate. This guy is grasping at straws. He has no real business model or path in place to succeed.
The only way this goes back up is if Bruce buys back 300-400m shares and clean up the mess.
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