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Sunday, April 18, 2021

Patient Access Solutions, Inc. (OTCMKTS: PASO) Rising as Reverse Merger Speculation Builds

Patient Access Solutions, Inc. (OTCMKTS: PASO) has been on the rise in recent days on volume is picking up. PASO saw a fast rise earlier this year on the planned reverse merger with UST Global and Sirius IQ; large cooperation that operate in 23 countries and count Fortune 500 companies as clients.

PASO saw a spectacular rise earlier this year to highs of $0.169 attracting legions of shareholders along the way and amassing a significant following. The stock started to fall from its highs as the Reverse merger was delayed and many thought it would never happen. Currently there is new speculation that the RM is on and penny stock speculators are once again accumulating PASO.

Patient Access Solutions, Inc. (OTCMKTS: PASO) has always been focused on the healthcare industry. The Company is a perfect reverse merger candidate as it has virtually zero debt on the book and no toxic or convertible debt. Microcapdaily first reported on PASO on March 6, 2020 stating at the time: “Its easy to see why investors are excited about PASO; the beefed up bod has been accumulating stock on the open market and the Company does solid revenues and recently reported a net income of $190k for fiscal 2019 on revenues of $2.2 million. They also have little debt, no convertible notes and recently updated shareholders on the previously announced LOI.”

Reverse merger (RM) stocks have been the biggest runners in small caps recently overtaking biotechs as the most explosive with many recent RM stocks seeing historic gains. PASO run started after the May 9 press release announcing the merger filing with UST Global and Sirius IQ JV to reverse merge into PASO, “…The Closing shall be on July 15, 2020 or sooner, unless the parties hereto agree to another time. According to public records UST Global and Sirius IQ are major companies that employ thousands of employees in 23 Countries. Clients of UST Global include Fortune 500 companies in banking and financial services, insurance, healthcare, retail, manufacturing, shipping, technology, semiconductor and telecom.

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There have been several extensions for the deal to close. On July 15 the deadline was extended. Currently the status of the Reverse merger is targeted for Q4, 2020. Shareholders are waiting for a signal that the deal is on. They are waiting for the filing of the Q3 report, Confirmation of 10M Series A Secured / Returned to Treasury – a requirement for closing of the merger, Removal of Yield sign badge on OTC Markets and a return to Pink Current status.

PASO reverse merger candidate CLX HealthCare Partners and JV Partners Sirius IQ is focused on next-generation Master Orchestration and Automation of data to streamline business processes, conversations and analytics.  UST Global: is a multinational provider of Digital technology and transformation, IT services and solutions, headquartered in Aliso Viejo, California, United States. The Company has 23,000 employees and offices in over 25 countries including USA, India, Mexico, UK, Malaysia, Philippines, Singapore, Spain and Poland. UST Global has oriented its services around the following major platforms to offer our services in a Business Platform-as-a-Service (BPaaS) model while continuing to support enterprise-class customers with more traditional IT and BPO services.

 

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PASO has been on the rise in recent days on volume is picking up as speculation builds that the CLT RM is on. PASO saw a fast rise earlier this year on the planned reverse merger with UST Global and Sirius IQ; large cooperation that operate in 23 countries and count Fortune 500 companies as clients. PASO saw a spectacular rise earlier this year to highs of $0.169 attracting legions of shareholders along the way and amassing a significant following. The stock started to fall from its highs as the Reverse merger was delayed and many thought it would never happen. Currently there is new speculation that the deal is on and penny stock speculators are once again accumulating PASO. We will be updating on PASO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PASO.

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Disclosure: we hold no position in PASO either long or short and we have not been compensated for this article.

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