Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good point. This makes a lot of sense...
I hope BHPA plays out as well as the one you found from Kazakhstan. I still feel that silence is not a good thing.
News is what I've been waiting for too! I'm usually silent on the IHub boards. But it gets frustrating when I invest in a company that doesn't communicate with shareholders. The top executives... e.g. Wenjie Wu.... are in YouTube videos and events and interviews and doing things with other big companies. But the stock symbol we think is associated with their activities is left without recognition. There is no communication with those who have invested their personal money into BHPA. Why the silence? CEO Wenjie Wu: You have an obligation to the BHPA shareholders. Tell us what is going on.
More good info! Thanks.
Very helpful reply. Thanks.
I'm curious about something and would like to get some opinions. Isn't the typical reason a company goes public is to raise money. If they do an IPO, they raise funds in that way. Or if they RM into another company, they can take over the share structure, do a RS, and then sell more shares to raise the funds. Any speculation why BHPA went with a RM into a dead ticker/company? Without eventually selling shares (aka diluting), what advantage is there to the RM done by BHPA?
That means Rene still holds 200,000,000 shares? And he walks away? Something's not right! I really appreciate the research you bring MO, but if Rene had 1/10 of the confidence you have, he would have stuck around and finished it and reaped all the glorious benefits. Instead he resigns and leaves it to someone else... not to mention leaving the deal in default? Rene repeatedly told us that we don't understand how these acquisitions work and we don't understand how complex this transaction is and we need to understand that it would take time. After all this time, now we have to wait for a new interim CEO and other silent board members to pick up where Rene left off and get the deal out of default? Will InMed wait? How frustrating to see this nonsense drag on like this.
Doesn't Rene's company, Pantheon Partners, own something like 49% of the outstanding shares of TRON? Why in the world would he resign and walk away at this point? Does he not have anything to lose?
Excellent job! I think you said what most supporters are feeling. I gave up trying to even get a reply from the management via email. And it's not right that we have to come to this forum for news and findings and glimmers of hope. What also frustrates me is that when someone does post something positive that looks legit, someone else posts a negative response that also looks legit. How are supposed to maintain confidence? We are looking to TRON management to provide the true guidance.
News out:
With all of the paperwork and complexity, we also must recognize that TRON is a very small company. Basically it's a one-man-show. TRON has 0 employees. They definitely don't have a legal department or a team of financial advisers in-house. To his credit, Mr. Morentin appears to have a resume that gives him the knowledge and experience to pull it off. But I think the acquisition will be slower than other typical deals because of the size of Toron. And until it is publicly refuted by Flagship, or InMed, or any one of the facilities under the InMed umbrella, the acquisition must be in-progress.
Thank you for finding Devil Dog's post! That 20 million trade is very interesting. It's strange that someone entered a single bid for that many shares. And it's also strange that it was filled in a single sell. Isn't it?
Were those 20+ million shares we saw on the bid that day traded in a single transaction? Is there a way to see the trade history for that day?
If it's so easy for you to recognize there is no deal, why is it SO DIFFICULT for InMed to say so?
Any luck with emailing Mr. Morentin directly?
I see 2 stickies from 1 mod right now. Or do you mean that a mod is only allowed to sticky 1 post from someone else?
What happened to the stickied posts with DD and support about TRON?
WOW! Congrats in advance to you. That's a great position.
I thought it was an actual product. But I'm not sure about patents or trademarks. In a reply on this board back in July, patientrac answered one of my questions and said this:
Yes, that is true. The company did say that. But I also wanted to get patientrac's input. He was directly involved with the design and development of iMedScan before selling to Toron. He's been a great source of info thus far on this board, so maybe he can share with us where he sees the best potential for the software.
Since you know more about iMedScan than anyone, can I get your opinion on something? I am curious about the potential with iMedScan. Assuming Toron acquires InMed and implements iMedScan in all of the facilities as Mr. Morentin stated, would iMedScan make a significant impact in revenue for Toron? Outside of the InMed facilities, what would be the best (and most realistic) potential with iMedScan?
Good point.
Let's use another example. I want to buy a car. I go to a car auction. I like a car I see, but it was owned by a criminal and was confiscated by the authorities and is now being resold in this auction. I want the car for myself, or maybe I want to buy the car as an investment that I can resell for a profit. The car is now being sold by a legitimate person, company, agency, or whatever... Should I avoid that car because it was previously owned by an unscrupulous person in the past???? Heck NO! That's in the past! Nonetheless there will always be haters that focus on the past.... YOU KNOW WHO YOU ARE!!!
And I thank him for posting it.
Any ideas why Rene uses the Spanish designation SRL instead of LLC? From what I understand, they mean the same. Just curious why not LLC if Pantheon is registered in the US.
If Rene doesn't contact authorities, then how is he going to do this?
Aren't the figures in 000's? That's what it says at the top of each page in the balance sheet. So $400 would be $400,000.
($ 000's)
Assets:
Current Assets
Cash and cash equivelants - $
Accounts receivable -
Total Current Assets -
Fixed Assets
Property and equipment, net -
Investment in iMedScan 400
Total assets 400
You mean $400,000?
Agreed! OP, that was your best one yet! As always, you bring the most spot-on logical, albeit frustrated rants. That is why hardly anybody challenges your posts. You are always right. BUT.... I also agree with another post (sorry, I don't remember who said it). Make a list and put it here for Rene to see. Keep asking for information! Make a list and keep positing it; but maybe without the jabs at Morentin's health habits and resume. There should be nothing illegal about a CEO sharing updates not directly related to the InMed acquisition. Assuming we are in a quiet period about the acquisition and he won't talk about it, what else would you like to hear from the company?
I think 100s of emails should be sent to Rene. Put the pressure on him to communicate and get things moving.
Yes, that's address I sent my email to. It took 3 emails over 3 weeks to get a reply.
OP, I wondered if you were still around. You and I have the same frustration with this silence. Glad you are voicing how you feel here. Continue demanding info! Everyone should understand that shareholders need communication as you stated.
Have you been as persistent at emailing Mr. Morentin as you have been with posting here? Try it. I was persistent and I finally received a reply about 2 weeks ago. Granted it was the usual 'all is well' and 'I am making sure to do everything right'. But at least I know someone is alive over there.
Thanks for the info. That helps to understand some of the history. I definitely would like to know more about imedscan from Rene Morentin. And I have asked him for details and about the current status. But he hasn't provided details. And now with this silent period... nothing!
PatientTrac, I appreciate you trying to keep the facts above all the speculation. May I ask about imedScan? It looks to have been developed very professionally. Where was it developed and tested? Is there a customer support team for it? Upgrades planned? When it was sold to Toron, Inc, was it implemented anywhere? Were there any customers using it?
I agree. This has become quite the entertaining mystery. Where else, but on IHUB, can you get statement like "We are not providing any financing at this time", and spend 3 days spinning up all sorts of interpretations.
If TORON would break the silence and give us a corporate update, I will gladly take out that 60k. Although most likely someone will get to those shares before me.
That's a fantastic find. I also wondered if iMedScan is a fully functional software application. And who developed it, tested it, maintains it. But it actually looks very good. It just baffles me why Toron is not promoting or marketing this software. I really think Toron needs some better management on board.
TRON as a company is definitely legit. The legal documents and filings exist to prove it is legit. The real question is can Mr. Morentin pull off what he has stated regarding the InMed acquisition? We don't even have to mention iMedScan or Blockchain yet. Is the InMed acquisition legit???
But the intended acquisition of InMed was publicly announced as a Press Release from Toron Inc. InMed ABSOLUTELY should be able to confirm or deny the PR. They can do that without giving any further details.
I just don't understand why management thinks they have to be totally silent. TRON is acquiring a private company. Not a publicly traded company. Even if InMed was a public company, they can still provide shareholders with communication. Look at how many press releases are published from public companies involved with mergers: Disney, Comcast, 21st Century Fox, etc. They provide updates before it's final, as the offers and details change, and as approvals happen along the way. They aren't being silent. TRON management should also be able to give us something.