Replies to post #57732 on Patient Access Solutions Inc (PASO)

[Stevexpress]

Actually you are wrong about Bruce not having to disclose if deal is off, and reason being if any information insiders would have has to be disclosed. And since JG would be considered an insider and he would know it was off the public should have to be made aware. Check out this particular SEC rule.

https://www.sec.gov/rules/final/33-7881.htm

[MrPaulie]

Striper, while I agree with most of what you are saying, I think you are mixing up some things I am not starting an argument, I want to ask you a question. As of right now, we are only aware of an LOI, no DA, contract or anything else, the LOI is just a document stating "this is what we are planning, and with whom we are planning it with" As far as I am aware (and I state this with full disclosure I am not a corporate atty.) the Definative Agreement is the legal document which is binding and sets the parameters about share structure, etc. Am I incorrect in thinking this?