Followers | 2565 |
Posts | 300022 |
Boards Moderated | 29 |
Alias Born | 04/12/2001 |
Thursday, March 02, 2017 5:50:27 PM
Yesterday, TRON made several filings at OTCMarkets. The most interesting, presented in the form of a press release, had to do with the iMedScan merger. Among other things, we learn that:
On February 2, 2017, Toron Inc. requested and the transfer agent retired the shares of Toron Inc. to Hudson BA. On February 8, 2017, Toron issued 400,000,000 shares of common stock to Pantheon Partners, who was the lawful owner of iMedScan.
Pantheon Partners, a boutique investment banking firm, has been retained to complete a private placement for Ten Million Dollars ($10,000,000) to be utilized to fund the operations of iMedScan and to provide additional funds for pending business acquisitions.
What does that mean? How did iMedScan, once owned by H. Wayne Hayes, become the property of Pantheon Partners?
Pantheon Partners, LLC, is a Florida company controlled by Greg Lustig:
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=PANTHEONPARTNERS%20L130001373031&aggregateId=flal-l13000137303-07d6c37d-08e2-4859-99be-163eb4d94d67&searchTerm=Pantheon%20Partners&listNameOrder=PANTHEONPARTNERS%20L130001373031
Though the financing deal is opaquely described, it seems what's meant is that Pantheon, owner of iMedScan, will be merging the company with TRON and also seeking financing in the amount of $10 million. NOT that Pantheon already has the $10 million.
A few years ago, Lustig and Pantheon were involved with a penny company called Redux Holdings (RDXH). As it happens, Adam Tracy was then and is now legal counsel for RDXH.
https://www.otcmarkets.com/stock/RDXH/profile
Lustig was hired as a consultant and adviser to RDXH, and his "Pantheon Partners, LLC, will provide financial and strategic advisory services for the purpose of procuring venture capital financing in the amount of $10,000,000". Sound familiar?
https://globenewswire.com/news-release/2015/02/23/708953/10121484/en/Redux-Holdings-Inc-Announces-Exclusive-Agreement-With-Pantheon-Partners.html
That financing never materialized. There are, however, some other interesting connections. Nodummy wrote about them in a post concerning Tracy, Thomas and Jeffrey DeNunzio, Paul Moody, and V Financial Group:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124500747
Pay particular attention to the relationship between Tracy and Thomas DeNunzio. Fascinating stuff.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM