Friday, August 26, 2016 11:35:26 AM
wow RS? that cant be good imo
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124789809
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The Reverse Split is a "Capital Restructuring" for the Merger/APO (Alternate Public offering) due for completion 3rd Quarter 2016 with iMedscan, who has agreements with Acuant Corporation and Change Healthcare as per TRON's latest Press Release.
Here's the description explaning why a R/S was decided for the Merger/APO:
"The primary advantage of a reverse merger is that it can be completed very quickly. As long as the private entity has its “ducks in a row,” a reverse merger can be completed as quickly as the attorneys can complete the paperwork. Having your “ducks in a row” includes having completed audited financial statements for the prior two fiscal years and quarters up to date (or from inception if the company is less than two years old), and having the information that will be necessary to file with the SEC readily available. The SEC requires that a public company file Form 10 type information on the private entity within four days of completing the reverse merger transaction (a super 8-K). Upon completion of the reverse merger transaction and filing of the Form 10 information, the once private company is now public. The reverse merger transaction itself is not a capital-raising transaction, and accordingly, most private entities complete a capital-raising transaction (such as a PIPE) simultaneously with or immediately following the reverse merger, but it is certainly not required. In addition, many Companies engage in capital restructuring (such as a reverse split) and a name change either prior to or immediately following a reverse merger, but again, it is not required."
Here's the link with regards to the description:
http://www.reverse-merger.com/tag/rule-15c2-11/
TRON's Press Release:
http://www.otcmarkets.com/stock/TRON/news
I highly recommend you review POST #10302. It explains a few things along with why TRON is doing a Reverse Split, or a "Capital restructuring", among other things:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124782086
Here's a link that provides additional Due Diligence.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124785392
Hope this helps.
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