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Read these two posts by M000se:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141809015
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141809554
Right after Rene visits InMed, and just before the acquisition is set to close, websites for Toron, InMed, and iMedScan are all down at the same time. That is not like two people in a town with a population of two hundred showing up to the same one and only gas station on a Saturday.
Exactly! Silence is golden, even when it comes to the good stuff! And especially when it comes to the good stuff!
Nice to see you still here and posting, Psalm! Way to hang in there in spite of the storm!
John, that last line you wrote, assisted by great research on m000se's end, was pretty much an ace in the hole. There is no way that was just a coincidence. Two of them? Maybe but not likely. Three? The odds would be stretched to incredible disproportions!
Looking good here! Ignore the noise. Know what you own. Don't get shaken on little price moves or message board chatter. Focus on the acquisition. That is what we are here for. Each share sold at these prices, or especially lower, become exponentially more valuable to the people buying them as this goes higher once the deal closes and the book value gets baked in once future Q and K filings show not just the deal, but also the assets. Be sure when that day comes, even if we are trading above a dime or a quarter, the same dialogue occurring now will occur then, only instead often drumming up doubt about an acquisition, the same tone will be issued regarding the liabilities and the debt Toron still owes to Continental for InMed. This would be like having a couple of angry neighbors who spread rumors around the town that you are a deadbeat because you still owe Wells Fargo money on your home, despite having it more than halfway paid off in less than half the time given, with an impeccable monthly payment history that has never been late so much as one day.
$TRON is going to do great.
Think about something. What does Rene get out of the acquisition NOT closing?
If he is not selling any shares, or diluting, then there is no funding to Rene, nor to Toron, via shareholder expenditure. In tandem with the absence of new shares printed, his shares, as well as those belonging to Mr. Hayes, are restricted. They are each shareholders who stand to benefit off an increase in price, which only happens if deals close. Also, if there are arrangements for Rene to take in a salary, there must be revenues, again seeing as shares are not being sold. That paints an even greater reason to close the deal. And if the deal does not close, insider restricted share holdings plummet, which means they do not even make what they currently have just above a penny per share, which even at this price, there is nowhere near the volume for them to exit. They have everything to gain by closing this deal. Our success is their success. Everyone wins if the company succeeds, and finds a solid formula via acquisition strategy, partnerships, relationships, experience, and financing.
Again, ignore the noise and any "He said, she said". Unless someone is willing to put their name on record, along with a legally binding disclaimer of the merits of such, rather than just an alias, and will write in their post that the following correspondence is true, as are the parties, email addresses, etc., with nothing fabricated by any party involved, whether good or bad, then we have nothing more than conjecture to sway sentiments either way. Personally, I'm looking for an SEC filing stating the deal is closed. A legally binding agreement, reviewed and upheld on record under penalty of perjury is the ultimate in dried ink. I strongly believe such a filing will accompany any chain of press releases, with the legal team mentioned in our attorney letter overseeing the process and giving the green light in tandem with the legal and accounting teams employed or otherwise utilized by all other parties formally involved with the acquisition deal.
$TRON Holding long, and pretty relaxed about it.
Thanks Pennystocktrader! Good stuff on the way for $TRON!
Yeah, probably just someone who got impatient, or a technical trader that bought in lower. They wait for a pop in the middle of a trading day, then dump lower where they know they have a buyer and can exit.
I think we have an update waiting for us right around the corner. We are all taking stabs in the dark as to when it could happen, but I think we are getting pretty close.
I believe our longs are rock solid on this stock. If people didn't lose it when the bears hammered the board with posts and dipped the price, that says something big. People know what they own.
That aside, fingers crossed for a great update on the near-term horizon.
$TRON 299M float. Get some before the acquisition news hits. Sellers are providing daily shakes. Lots of DD on this one. No R/S. No Dilution. No fluff press releases.
Better to get the sellers out now before news hits, especially on discount. Also better to pay less for each million, or other size block, than to pay these people more as we rise. Once they are out of ammo, they will have to buy in again higher, and then sell at least one tick higher than that. Get the shares into stronger hands, bring new longs and traders in to improve the supply/demand ratio(in favor of greater demand than supply), and then let the company execute plans and deliver. This will take care of itself.
Great job these past couple of days, everyone! We are showing resilience and are holding this price point nicely. Once we burn through the "sell on news crowd", we should see a blue sky breakout. Post-acquisition, and after absorbing any sales(by bears or flippers), I don't think TRON will ever see prices this low again. All my opinion, but I think we're soon to be off to the races. Congrats to everyone who got cheap shares, and also to those who stayed strong in their resolve and held through the storm!
Great find, ES!! Those numbers seem much more accurate than the $1M and 10 employee figures posted prior.
$TRON DD:
A SERIES of ACQUISITIONS:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMedGroup.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to
complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
MOVING FORWARD TO FINALIZE; FIRST IN A SERIES:
TORON, INC. (OTC:TRON) PROVIDES CORPORATE STATUS UPDATE
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has
over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire
healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
(In addition to InMed Acquisition):
CONTINUING THE REVIEW, NOT BEGINNING:
Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
Can Rene Ortiz Morentin get this done? I'd say so:
About TRON's CEO(thanks to and courtesy of John Reiner and Ardbeg):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141254382
Reduced A/S and No Dilution(*mentioned a 1yr ago and holds true today):
On June 9, 2017, the Company was officially removed from custodianship from Barton Hallow, LLC and Adam Tracy pursuant to a Nevada District Court Order. On June 14, 2017, Custodian case was formally closed. Today, the Company updated its filing with the Secretary of State of
Nevada reflecting the removal of Mr. Tracy as a director and seating its new board of directors.
Additionally, the Company has filed an amendment of the articles of incorporation, with the board of director’s approval, with the Secretary of State of Nevada to reduce its total authorized shares of common stock from 2,500,000,000 to 1,000,000,000. Mr. Ortiz Morentin stated “I can see no reason to support a dilution event for Toron shareholders”.
*Float has been a steady 299M for over a year in addition to greatly reduced authorized count
Speaking of shares from the float, what kind of interest is here? How about a sampling of only FIVE or SIX people?
(Info courtesy of LCRG and Nica):
Nicasurf Tuesday, 06/12/18 10:11:30 PM
Re: LCRG6215 post# 24428 0
Post #
24445
of 25070
This float must be locked up I know a few longs holding over 70mill plus 45mill charles and clearing that's 115mill total just with 5-6 people. Remaining float 185mill. Super thin
Respond | No replies
A little about InMed, our first acquisition slated to close:
"InMed operates 3 hospitals and 9 adult care facilities in Alabama and Georgia. For Fiscal Year Ending 31 December 2016, the group recorded Revenue of approximately $87 million and posted an EBIDTA of approximately $7.6 million."
PS "On October 27, 2017, the Company provided InMed Group with the required deposit to secure the Letter of Intent."
Deposit requirements met and secured for LOI.
What hospitals are operated and managed by InMed?
(Info courtesy of John Reiner):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141684487
In addition to the obvious avenue of patient care, how will these hospitals be used, and how can they tie into TRON's software model, using iMedScan?
"Ortiz Morentin stated "This acquisition demonstrates our resolve to bring value to all Toron shareholders and will serve as a clear example of the veracity of our iMedScan software. We fully intend to implement iMedScan software into all the operating units and expect that the insurance and patient collection process will be dramatically improved and hence, increase future cash flow from the acquisition.""
So, acquisition being used as a proof of concept for modeling software capabilities to launch elsewhere? Plus more? And including a potential ICO?
https://www.otcmarkets.com/stock/TRON/news/Toron-Inc-Provides-Corporate-Update-On-iMedScan?id=178154
Notice the Acuant contract in the iMedScan link above? Looks like they, and another company have been working on this model since 2016, and are still going strong.
(Info courtesy of, and thanks to, John Reiner):
Mysterium , I had time when I got home to look up that imedscan information ! This is a snippet from a TRON PR dated August 19th 2016..
“In March, 2016, iMedScan entered into an agreement with Acuant Corporation of Los Angeles, California to employ its proprietary, hosted scanning solution on patient’s driver’s licenses and insurance cards. Most recently, in June, 2016, iMedScan finalized a test program with Change America, formerly Emdeon Corpoation, utilizing an electronic data interchange for verifying and validating patients’ health insurance”
LINK TO ACUANT WEBSITE
http://www.acuantcorp.com/
LINK TO CHANGE HEALTHCARE WEBSITE
http://changehealthcare.com/
iMedScan contract for Healthcare ATM?
"iMedScan has a contract with various equipment leasing companies for the lease of the ATM machines at the healthcare facilities"
A bit more on pharmacy kiosks and vending:
https://www.abc15.com/news/region-southeast-valley/mesa/dozens-of-pharmacy-kiosks-planned-in-arizona
http://www.northbaybusinessjournal.com/northbay/napacounty/6667243-181/automated-drug-dispensingsystems-health-care
So, a combination of automation, pharmacy, vending, and software.
In Addition, we are DWAC and FAST certified by the DTCC:
MIAMI, FLORIDA – 2 February 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
Toron, Inc.’s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. “We have cleared another hurdle in transforming Toron into a growing and thriving
company as we prepare to expand our business horizons.”
A bit about the DTC:
"DTC brings efficiency to the securities industry by retaining custody of more than 1.3 million active securities issues valued at US$54.2 trillion as of 7/31/2017, including securities issued in the US and more than 131 countries and territories."
http://www.dtcc.com/about/businesses-and-subsidiaries/dtc
MIAMI, Feb. 12, 2018 /PRNewswire/ -- Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
Toron, Inc.'s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. "We have cleared another hurdle in transforming Toron into a growing and thriving company as we prepare to expand our business horizons."
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
Is InMed working with us? Do they want this to close? Let me double down and paste that last paragraph again for reiteration.
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
InMed financial statements received. Now, let's discuss financing on our end to make it happen.
MIAMI, FLORIDA – 27 March 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pressing forward to finalize our financing to complete our acquisition of the InMed Group. As we are approaching Easter and Semana Santa, we anticipate that our financing will be completed following this holiday season.” stated Rene Ortiz Morentin, President of Toron. “On
March 13, 2017, we received the InMed Group December 31, 2017 financial statements, which was required by our lenders. These have been disseminated to our lenders and I have been talking diligently with several financial institutions to provide the needed financing to complete this transaction and launch our corporate vision.” further stated Ortiz Morentin.
And now we close the loop by following the chain back to the beginning of this post:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMed Group.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
“This has been a long and strenuous journey for our shareholders. There are no shortcuts in building a company with true lasting and meaningful value. We at long last will have a venue to showcase our iMedScan technology which can improve collections and cash flow for healthcare
professionals and facilities.” further stated Ortiz Morentin.
And our financial partner is now publicly disclosed:
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of
Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
About Continental Finance Corporation
Continental Finance Corporation is based in Greenwich, Connecticut and its international operations are centered in New York City. Continental’s website is www.cfcfinance.com.
It looks like we are now waiting on ink to dry, and or a public dissemination campaign approved of by all parties before release.
Though there has been recent speculation of a tipping of the hat in which CEO, Rene Ortiz Morentin, revealed himself, his name, face, and location on Twitter, right at the corporate offices of InMed, on the other side of the country from where TRON resides:
https://twitter.com/IncToron/status/1008764125894324224
This is your story line so far.
Here are a few(awesome) tidbits, courtesy of and thanks to Pennystocktrader:
Pennystocktrader Member Level Monday, 01/29/18 10:04:46 PM
Re: None 0
Post #
21325
of 25076
Here are some TRON facts as a reminder of what you own:
1. Confirmed acquisition of InMed Group Inc.
2. $87 Million revenue
3. $7.6 Million EBIDTA
4. IMEDSCAN blockchain
5. NO dilution
6. NO past notes due
7. NO change in share structure
8. 299 million share float
9. NO paid pumps or promos by the company
TRON has a book value of .22 per share upon the completed acquisition of InMed Group Inc.!
Pennystocktrader Member Level Wednesday, 12/13/17 11:52:26 AM
Re: None 0
Post #
18912
of 25077
Folks, this is HUGE:
TRON's book value is .22 per share! Holy crap!
That is based on taking the multiple of 24 (which is a multiple used for mergers and acquisitions) times $7.6 Million (EBIDTA) and divide that total by our Outstanding Shares of 813 Million.
TRON has a book value of .22 per share with the acquistion of InMed!
*Note: These valuations are only in regards to the InMed deal. Remember that we have a series of acquisitions, software licensing and distribution, and a potential ICO.
Again: 299M float. No dilution. No R/S. Financing secured. Deal almost done.
GOT TRON????
Hope so.
PS Thanks to all of the other contributors out there. We have an awesome team, through and through.
Thank you, Pennystocktrader! It seems Continental feels the same way!
"...not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions. "
It's coming!
A SERIES of ACQUISITIONS:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMedGroup.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to
complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
MOVING FORWARD TO FINALIZE; FIRST IN A SERIES:
TORON, INC. (OTC:TRON) PROVIDES CORPORATE STATUS UPDATE
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has
over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire
healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
(In addition to InMed Acquisition):
CONTINUING THE REVIEW, NOT BEGINNING:
Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
Can Rene Ortiz Morentin get this done? I'd say so:
About TRON's CEO(thanks to and courtesy of John Reiner and Ardbeg):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141254382
Reduced A/S and No Dilution(*mentioned a 1yr ago and holds true today):
On June 9, 2017, the Company was officially removed from custodianship from Barton Hallow, LLC and Adam Tracy pursuant to a Nevada District Court Order. On June 14, 2017, Custodian case was formally closed. Today, the Company updated its filing with the Secretary of State of
Nevada reflecting the removal of Mr. Tracy as a director and seating its new board of directors.
Additionally, the Company has filed an amendment of the articles of incorporation, with the board of director’s approval, with the Secretary of State of Nevada to reduce its total authorized shares of common stock from 2,500,000,000 to 1,000,000,000. Mr. Ortiz Morentin stated “I can see no reason to support a dilution event for Toron shareholders”.
*Float has been a steady 299M for over a year in addition to greatly reduced authorized count
Speaking of shares from the float, what kind of interest is here? How about a sampling of only FIVE or SIX people?
(Info courtesy of LCRG and Nica):
Nicasurf Tuesday, 06/12/18 10:11:30 PM
Re: LCRG6215 post# 24428 0
Post #
24445
of 25070
This float must be locked up I know a few longs holding over 70mill plus 45mill charles and clearing that's 115mill total just with 5-6 people. Remaining float 185mill. Super thin
Respond | No replies
A little about InMed, our first acquisition slated to close:
"InMed operates 3 hospitals and 9 adult care facilities in Alabama and Georgia. For Fiscal Year Ending 31 December 2016, the group recorded Revenue of approximately $87 million and posted an EBIDTA of approximately $7.6 million."
PS "On October 27, 2017, the Company provided InMed Group with the required deposit to secure the Letter of Intent."
Deposit requirements met and secured for LOI.
What hospitals are operated and managed by InMed?
(Info courtesy of John Reiner):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141684487
In addition to the obvious avenue of patient care, how will these hospitals be used, and how can they tie into TRON's software model, using iMedScan?
"Ortiz Morentin stated "This acquisition demonstrates our resolve to bring value to all Toron shareholders and will serve as a clear example of the veracity of our iMedScan software. We fully intend to implement iMedScan software into all the operating units and expect that the insurance and patient collection process will be dramatically improved and hence, increase future cash flow from the acquisition.""
So, acquisition being used as a proof of concept for modeling software capabilities to launch elsewhere? Plus more? And including a potential ICO?
https://www.otcmarkets.com/stock/TRON/news/Toron-Inc-Provides-Corporate-Update-On-iMedScan?id=178154
Notice the Acuant contract in the iMedScan link above? Looks like they, and another company have been working on this model since 2016, and are still going strong.
(Info courtesy of, and thanks to, John Reiner):
Mysterium , I had time when I got home to look up that imedscan information ! This is a snippet from a TRON PR dated August 19th 2016..
“In March, 2016, iMedScan entered into an agreement with Acuant Corporation of Los Angeles, California to employ its proprietary, hosted scanning solution on patient’s driver’s licenses and insurance cards. Most recently, in June, 2016, iMedScan finalized a test program with Change America, formerly Emdeon Corpoation, utilizing an electronic data interchange for verifying and validating patients’ health insurance”
LINK TO ACUANT WEBSITE
http://www.acuantcorp.com/
LINK TO CHANGE HEALTHCARE WEBSITE
http://changehealthcare.com/
iMedScan contract for Healthcare ATM?
"iMedScan has a contract with various equipment leasing companies for the lease of the ATM machines at the healthcare facilities"
A bit more on pharmacy kiosks and vending:
https://www.abc15.com/news/region-southeast-valley/mesa/dozens-of-pharmacy-kiosks-planned-in-arizona
http://www.northbaybusinessjournal.com/northbay/napacounty/6667243-181/automated-drug-dispensingsystems-health-care
So, a combination of automation, pharmacy, vending, and software.
In Addition, we are DWAC and FAST certified by the DTCC:
MIAMI, FLORIDA – 2 February 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
Toron, Inc.’s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. “We have cleared another hurdle in transforming Toron into a growing and thriving
company as we prepare to expand our business horizons.”
A bit about the DTC:
"DTC brings efficiency to the securities industry by retaining custody of more than 1.3 million active securities issues valued at US$54.2 trillion as of 7/31/2017, including securities issued in the US and more than 131 countries and territories."
http://www.dtcc.com/about/businesses-and-subsidiaries/dtc
MIAMI, Feb. 12, 2018 /PRNewswire/ -- Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
Toron, Inc.'s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. "We have cleared another hurdle in transforming Toron into a growing and thriving company as we prepare to expand our business horizons."
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
Is InMed working with us? Do they want this to close? Let me double down and paste that last paragraph again for reiteration.
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
InMed financial statements received. Now, let's discuss financing on our end to make it happen.
MIAMI, FLORIDA – 27 March 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pressing forward to finalize our financing to complete our acquisition of the InMed Group. As we are approaching Easter and Semana Santa, we anticipate that our financing will be completed following this holiday season.” stated Rene Ortiz Morentin, President of Toron. “On
March 13, 2017, we received the InMed Group December 31, 2017 financial statements, which was required by our lenders. These have been disseminated to our lenders and I have been talking diligently with several financial institutions to provide the needed financing to complete this transaction and launch our corporate vision.” further stated Ortiz Morentin.
And now we close the loop by following the chain back to the beginning of this post:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMed Group.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
“This has been a long and strenuous journey for our shareholders. There are no shortcuts in building a company with true lasting and meaningful value. We at long last will have a venue to showcase our iMedScan technology which can improve collections and cash flow for healthcare
professionals and facilities.” further stated Ortiz Morentin.
And our financial partner is now publicly disclosed:
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of
Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
About Continental Finance Corporation
Continental Finance Corporation is based in Greenwich, Connecticut and its international operations are centered in New York City. Continental’s website is www.cfcfinance.com.
It looks like we are now waiting on ink to dry, and or a public dissemination campaign approved of by all parties before release.
Though there has been recent speculation of a tipping of the hat in which CEO, Rene Ortiz Morentin, revealed himself, his name, face, and location on Twitter, right at the corporate offices of InMed, on the other side of the country from where TRON resides:
https://twitter.com/IncToron/status/1008764125894324224
This is your story line so far.
Here are a few(awesome) tidbits, courtesy of and thanks to Pennystocktrader:
Pennystocktrader Member Level Monday, 01/29/18 10:04:46 PM
Re: None 0
Post #
21325
of 25076
Here are some TRON facts as a reminder of what you own:
1. Confirmed acquisition of InMed Group Inc.
2. $87 Million revenue
3. $7.6 Million EBIDTA
4. IMEDSCAN blockchain
5. NO dilution
6. NO past notes due
7. NO change in share structure
8. 299 million share float
9. NO paid pumps or promos by the company
TRON has a book value of .22 per share upon the completed acquisition of InMed Group Inc.!
Pennystocktrader Member Level Wednesday, 12/13/17 11:52:26 AM
Re: None 0
Post #
18912
of 25077
Folks, this is HUGE:
TRON's book value is .22 per share! Holy crap!
That is based on taking the multiple of 24 (which is a multiple used for mergers and acquisitions) times $7.6 Million (EBIDTA) and divide that total by our Outstanding Shares of 813 Million.
TRON has a book value of .22 per share with the acquistion of InMed!
*Note: These valuations are only in regards to the InMed deal. Remember that we have a series of acquisitions, software licensing and distribution, and a potential ICO.
Again: 299M float. No dilution. No R/S. Financing secured. Deal almost done.
GOT TRON????
Hope so.
PS Thanks to all of the other contributors out there. We have an awesome team, through and through.
Fair enough. No disrespect taken. I have thick skin and am not rattled easily.
So, we'll meet in the middle, saying we should have our closing within a few weeks to a few months. I'm fine with the wait.
I have had charts work out well for me. I have been able to find good entries based on charts, spot recovery areas, find historical support, among other things. So, if charts do not work for you, the answer is simple: do not use them. For those of us that use them in tandem with fundamentals, they are a tool worth having. There is no one tool or strategy that works for everyone. To say so would be to say that all painters create a masterpiece using the same formula. Obviously not the case.
I do not expect the acquisition to take a year. It has taken a year already, and the press releases point to increasing speed of execution. I'm thinking we are weeks away. And while we disagree on some aspects like charts, I do agree that this play has a high probability of success, which is why I am here and am holding.
I respect a lot of your points, OP, and I do understand where you're coming. That said, I happen to see things from a different angle, and this is often how I navigate the waters myself.
I believe our goal is the same: We wish to see the company succeed and the price rise accordingly, with everyone who has remained loyal to still be in this as victory emerges.
I believe we both also wish to alleviate panic from anyone that could be affected, despite the fact that we each see a different way to do so.
I genuinely believe we are going to be just fine. Sure, I have seen the "boom town-ghost town" scenario before. But with that in mind, I do not see that happening here. All signs point to a no-fluff CEO and management team who are on the cusp of closing a major acquisition, with financial backing already in play, and a highly cooperative management team on the other side of the deal(as mentioned in PRs) helping Toron to see this through to completion.
No R/S. No Dilution. No pumping. Low float(299M). Healthcare acquisition on the way.
No fear during bear raids.
Our longs aren't going to sell. I highly doubt much of the sales are from our longs.
Charts do matter. Bears know this. This is where many people plan their entries.
If people understand that the sideways trend is where those driving the trend down did their own loading, then they know that they can only profit above that range. If you are prepared for a bottom, you will not sell within range of it; though if you see it and do not suspect, then that is when the panic selling will start. Logic must outperform emotions. Watching a price go down, and not understanding where the bottom is, will create more panic than anything else, as those who are emotional in the eye of the storm will panic and will think that is going to fall forever, rather than just saying, "Ok, this was the loading zone. We are now due for a bounce back upward".
We're going to be just fine. This is a bear raid, and one with very modest volume. When they shake what they can, this will go back up. Each time they have done this to us, we have rebounded to new highs. And I would bet that those walking us down will also be profiting alongside of us as it goes back up.
RSI is currently at 43. Historical trend support is at 41. Traditionally, RSI is oversold at 30.
Lower bollinger band at .0101. Lots of bear taps, historically, at .011.
A few more red days on low volume and this thing is oversold, oversold, oversold. That should take us within range of that .007-.009 loading zone, where we trended sideways. Anyone who loaded there must sell above their purchase price within that range in order to profit.
Quick snapshot: https://www.tradingview.com/x/6l49LwNv/
Nothing but a low volume walk-down here. We've been through this a few times after bullish patterns and runs. Bears are going to walk it down, shake some shares, cover if they happen to be short, and then once the bleeding stops, they'll disappear and it'll run back up. Rinse and repeat. This is the cycle. If longs aren't selling, then the other side has to sell. Last sideways channel, and loading zone was .007-.009. Looking for a bottom, and loading zone between .009 and .0111 if news is delayed, and a run upward without a sideways move, post-downtrend, if a filing hits(followed by a PR), with confirmation and numbers, so as to provide legal proof(*filing) and mass market outreach(*PR). Hang tight.
Trade log is showing the following:
Buy side: 77,300
Sell side: 1,900
Shares in Question/Undetermined: 20,000
Current volume: 99,200
This is just over $1,000 in total buys and sells.
Low volume walk down.
$TRON 299M float. No R/S or dilution. $87M healthcare acquisition set to close. Financing already secured. Management of healthcare company(consisting of three hospitals) is working diligently and cooperatively with TRON management.
This is a great play, both for traders and investors. You may get lucky this week and see a shaking of the price on a bear raid(*cheap shares!) before the acquisition announcement. Announcement is looking like days to weeks away, not months. Rumor(not confirmed, and not a personal first hand source of my own) stated that property was getting signed over and transferred last week. I can't validate that, but I would watch for updates rather quickly should that be true.
PS Last sideways channel on the 1yr daily candlestick chart was roughly between .007-.009. Bears need to sell above that to profit. .009 and upward to .0111 area could be good strategy for staggered entries.
RSI(14)(1yr;daily) trends as oversold, per drawing of a trend line, at 41, serving as regular historical support, only being breached on rare occasion. RSI currently at 53. Not much to go from here to oversold and supported.
$TRON 299M float. No R/S or dilution. $87M healthcare acquisition set to close. Financing already secured. Management of healthcare company(consisting of three hospitals) is working diligently and cooperatively with TRON management.
This is a great play, both for traders and investors. You may get lucky this week and see a shaking of the price on a bear raid(*cheap shares!) before the acquisition announcement. Announcement is looking like days to weeks away, not months. Rumor(not confirmed, and not a personal first hand source of my own) stated that property was getting signed over and transferred last week. I can't validate that, but I would watch for updates rather quickly should that be true.
PS Last sideways channel on the 1yr daily candlestick chart was roughly between .007-.009. Bears need to sell above that to profit. .009 and upward to .0111 area could be good strategy for staggered entries.
RSI(14)(1yr;daily) trends as oversold, per drawing of a trend line, at 41, serving as regular historical support, only being breached on rare occasion. RSI currently at 53. Not much to go from here to oversold and supported.
That was one of our big confirmations, John! If you look back at the story line, told through older updates, Rene kept mentioning he was filtering out multiple financial institutions. On 4/27, he mentioned an extremely well capitalized group out of Connecticut. On 5/1, he followed it up by disclosing the name of the group, Continental, as well as their website, with a reiteration of the plan for multiple acquisitions. Given that he did not mention any names of any institutions prior, and omitted the name of the "group" on 4/27, I'm sure he waited for a green light from Continental.
Also, for any doubts about InMed, as going through prior releases today, one mentioned InMed turning over its financials, and another mentioned InMed's management working diligently with Toron to facilitate the closing of the acquisition.
Pretty awesome stuff!
Thank you, Pennystocktrader! I love the retro era as much as the next guy, but with TRON, it's time to move forward!
MOVING FORWARD TO FINALIZE; FIRST IN A SERIES:
TORON, INC. (OTC:TRON) PROVIDES CORPORATE STATUS UPDATE
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has
over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire
healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
A SERIES of ACQUISITIONS:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMedGroup.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to
complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
So all these "issues" and "concerns"(*so sincere, aren't they?), have been brought up each time there is a window before a run or a quick chance to walk it down and reload one of the sideways channels on the chart.
Tuesday, 12/27/16 11:38:35 PM
Here are the players in the hijacked shell.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=inclx5CnxRNRWOcqIAF%252fCA%253d%253d&nt7=0
We know enough already about the activities of Adam S. Tracy, and a little about this supposed vendor of medical products Louis Orloff of Active Forever from that ripoff report.
What is with Valeria V. Sidorovich?
I do not see any actual reverse merger either with an existing private company.
But they did not waste any time in changing the company officers nor other amendments, it appears.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=inclx5CnxRNRWOcqIAF%252fCA%253d%253d&CorpName=CECORS%2c+INC.
http://www.411.com/name/Valeria-Sidorovich
What was the deal with this case? Hayes and Sidorovich.
http://law.justia.com/cases/florida/third-district-court-of-appeal/2014/3d13-0903.html
Again, Adam Tracy is gone, as is Bositicco, and Hayes is just a shareholder who took an equity swap for iMedScan.
So, 2016 is gone. It's over. It's done. Old news is old news. We're halfway through 2018. Confidence here is growing, as is the company itself, all while the share structure stays nice and slim.
Shake it as they may, TRON is going to win.
TORON, INC. (OTC:TRON) PROVIDES CORPORATE STATUS UPDATE
MIAMI BEACH, FLORIDA – May 10, 2017 - Toron, Inc. (OTC Pink: TRON) provided
its stockholders today with a corporate update.
Toron’s Chief Executive Officer, Rene Ortiz Morentin, announces the Company has received
confirmation that the following was resolved by the Nevada’s Clark County Court:
(1) On May 2, 2017, Notice that Hudson BA and Fabrizio Bosticco’ s Interpleader to
Discharge Custodianship of Barton Hallow was withdrawn pursuant a Notice of Non-Opposition.
(2) On May 9, 2017, the Court Issued a final order that the Custodian, Barton Hallow and
Adam Tracy was discharged.
(3) A Final Order Dismissing Custodian Order for the Company.
Mr. Ortiz Morentin is pleased to announce “Toron is now firmly in the hands of its shareholders
and we look forward to executing our new business objectives and plans”.
Major acquisition deals are not an overnight score. Most of us on here know that, especially those of us who predominantly watch merger/acquisition deals as a forte or preference.
Our CEO is cognizant of how long this takes, and has made clear that he acknowledges what shareholders experience on their end as well.
“This has been a long and strenuous journey for our shareholders. There are no shortcuts in
building a company with true lasting and meaningful value. We at long last will have a venue to
showcase our iMedScan technology which can improve collections and cash flow for healthcare
professionals and facilities.” further stated Ortiz Morentin.
Hang tight. Know what you own. Refresh your own DD, and do so regularly.
Exactly! That is the man in charge. Hayes is just a shareholder at this point. He traded his intellectual property for equity. It is his do to what he wishes. And if he is on Twitter, and is speaking positively of TRON, then he either still has shares, or has sold but is being a friend to his colleague, Rene. As for the Adam Tracy and Bosticco stuff, that is old news, and the custodianship on their part is long gone. Should Hayes wish to sell all 70M, he can do so without making a splash, liquidating approx 2M share per month for the next 36 months, and doing so in a manner that allows the pps to rise so each of his sales is worth progressively more.
Don't sweat the noise on here(or the noise makers). They want shares and/or want to cover short positions. The last sideways channel was from .007-.009. They would have to sell their remaining shares above that price to profit, and then form a channel from .008-.01, or above, in which the available shares would be thin.
I'm guessing they caused the selloff at .0269 to drive it down. Then, they reserve another few tens of millions of shares between the group. Once it appears the selling as dried up, and buying seems slow, they bring in a group to hit up the message boards with old news and misdirection so as to circulate fear. Once their info is posted, then they sell off their own remaining shares, which fools longs into thinking the selling is from other longs who believed the noise. This is when they buy or cover. They may do the same thing on news. Wait until the news hits, then sell their remaining couple of tens of millions, trying to cause doubt. Rinse and repeat until it doesn't work for them. That's okay though. We know what we own here, and price shakes and riff raff aren't going to scream as loud as the book value of the company on filings. Call Google or Apple a scam all you like, but revenue is revenue is revenue, and when against a low share structure, there is an inherent baked in value that can only be swayed so far in either direction. That baked in value is what I am here and holding for, not the daily price swings.
Thank you, Boost!!
Thanks, my friend!!
Thank you for the kind words, Oclooper! My bet is on $TRON for the win.
Thank you, Pennystocktrader! Go $TRON!
Guys: When people post emails from sources on the other side of the table, make sure not to always take them at face value, good or bad. Anyone that has been doing this long enough knows how many fabricated emails show up on this site.
I have another play that I am in in which one of the posters who is against the stock claimed that the CEO was removed from a partnership position, and offered up the number to call, saying that he already did and it had been confirmed. Sure enough, we had a long term shareholder follow up on that, saying that the CEO was not in any way asked to leave, but had moved on from the position. The CEO confirmed that. That poster still affirms exactly what he originally claimed, despite evidence to the contrary.
I have seen email chains that say that deals have closed, or that deals exist that a CEO or IR dept has to announce in which there has been no such email or deal(nor affiliation with the company mentioned.....I watched a stock run on a fake Ford partnership announcement a few years back), and some email chains are edited to say that no partnership or deal exists with the company you are invested in, yet when you call them, they will tell you that the partnership does in fact exist and that the ownership have a mutual longstanding relationship.
So, to keep this post on-topic and pertaining to TRON, seeing as that is what the long introductory portion of this is segueing into, what we know is that TRON has mentioned an acquisition deal with InMed, which is slated to be close to closing, and is facilitated by the backing and the relationship with Continental. Anyone on the TRON board can claim that the deal is closing or is not. Neither should be taken at face value. What is needed to confirm is a filing. I would be on the lookout for an 8-k or something of the sort.
Also, in regards to TRON insiders pumping and dumping, remember that this stock has had no dilution, nor does it have the volume for that; not to mention the fact that, even despite the downward price trend on low volume, the trade log show a great buy to sell ratio in favor of the buy side, which is not indicative of dumping. For insiders or executives to sell, or especially liquidate, you would need to see Form-4 filings out on OTC markets, which disclose insider ownership, buying and selling, as required by the SEC. If TRON did not hold "Current" status, which they do, then one could speculate the aforementioned was occurring. Seeing as the attorney letter went hand in hand with the "Current" status, giving validation that filings were up to date, or "Current", then Form-4 documents would have had to be released in tandem with the yield sign being removed.
We have a group of trusted longs on the board, those that are straight shooters. We all know who they are. If you see emails from them, good or bad, those would be much more likely to be credible chains of communication; though as mentioned earlier, should still be verified. When posters show up right when the price trend is forming a bearish pattern on the chart, crossing downward over the middle bollinger band in this case, and then begin showing doom and gloom, and causing an air of doubt with their sudden presence, rest assured these people are here to profit just like everyone else, only on the downtrend, and are not here to save you from your own investment.
And if you see someone calling a stock a share selling scam, that is a trademark line used to turn you against your better wisdom and logic, in fear you have been defrauded. Check the Twitter account mentioned. Posting one tweet per day, if that, some of which are just retweets or a picture of the chart, is hardly indicative or reminiscent of pumping.
Right now, this is what is most credible: https://www.otcmarkets.com/stock/TRON/news
This post on TRON is mainly geared for those that are new to the markets and message boards. The veterans here know the routine. Low float stocks like this can go down fast, and can go up even faster once they are shaken out. Hang tight and know what you own. Buy and sell on your own logic and your own DD only.
Also, there is a saying: Buy on fear, sell on greed. Do some research on that and begin learning a bit on stock market psychology. I have been spreading word about TRON to other boards on a daily basis. When the price goes down on low volume, such as what we witnessed when TRON got walked down to .002's before going tenfold higher and settling in the mid-.01 range, the cheap shares become more and more rare the lower it goes. The more competitors gunning for cheap shares lends to an improved supply/demand ratio in favor of demand. Think of what happens to the price of any object for sale when there is all demand and no supply.
Thank you! I'll give it a board mark right now. Much appreciated!
It sure is, Van. Cool board you've got over here. Maybe we'll catch you back there on one of the next moves.
$TRON Low-floater getting shaken. Look for shares on clearance for trading price movement or for buy and hold on healthcare acquisition news. No R/S stock. No dilution. CEO does not pump.