Replies to post #29587 on Patient Access Solutions Inc (PASO)

[doogdilinger]

No, the LOI has simply been extended...but yesterdays extension clearly states the merger is still expected to close as the LOI from May 29th clearly states ok.

I too hate that they waited to the closing day to file the extension and am definitely not happy with the insane drop in my paper gains here.

But I was always committed to riding this stock into EOY at absolute minimum because I want to get myself into the lower capital gains tax bracket...and have always felt that by years end we'd all know what valuation metrics and sector multiple big money will begin applying here.

So for me nothing's changed...all that's changed is this merger/joint venture consortium just got a million times bigger than initially envisioned...hence yesterdays extension...which actually makes sense for those who critically think it through of course...because when the Definitive Closing Agreement does get filed...CLX will be able to file astounding eye popping fully audited financials simultaneous with the closing documents k glty!