Patient Access Solutions, Inc. (PINK:PASO) is a healthcare solutions company which hasn’t been able to turn profits yet. It is currently trading at all time lows, and someone wants that to change, at least for a while.
Yesterday, PASO closed at the low from Monday – $0.0007. Technically, this was a 12.5% drop, but this close to the bottom big percentages don’t necessarily represent significant changes in the price. The volume of 12.7 million shares was a little over the average.[BANNER]
Today, there may be more interest in PASO. A shareholder of the company will pay, or already has paid, $10 thousand for a promotion of PASO.
The promoter says that PASO might be at an optimal entry level. As already stated, its stock is trading at a low, indeed. However, in order for PASO to move up it will have to provide some proof it can succeed in its operations.
The promoter highlights the recent $5 million financing as positive, however, the market reacted mostly negative to the news. Perhaps because the press release announcing the financing said absolutely nothing about the conditions or the nature of the deal.
The Pink tier has shown many times that a promotion can be successful even when the promoted company doesn’t have much to brag about. Whether this one will work, remains to be seen.
