Replies to post #40667 on Patient Access Solutions Inc (PASO)

[Winston]

Yup I agree with you. No R/S at least in the near term. as we join these $billion $ company's everything will fall in place.

[MNK3240]

I wouldn’t dispute your assumption but there is something in the PR re new AS is little confusing in the sense that they’re increasing the AS to put in treasury so they can issue “convertible preferred shares” to CLX. Notice that they’re not issuing directly common shares to CLX, instead keeping those shares in treasury and issuing convertible preferred shares. As you know, preferred shares do not have voting rights, that means they have to convert those preferred shares to common shares at some point in order for CLX to have their influence. This is why I am thinking they may take the opportunity to do a RS, while converting CLX and others preferred to common. I also think if they do RS, it’s gonna be in a good proportion so no one loses including CLX. This is just an assumption simply because they are issuing convertible preferred to CLX instead of common shares.

“The increase that has been approved by the majority of Shareholders is 1,750,000,000 and provides us flexibility to use a portion of these newly authorized shares to close the transaction with CLX, as well as with any other entity, by providing enough shares in the Treasury to issue a new series of Convertible Preferred shares envisioned to be priced at $15.00 per share“