TRON Group Inc (TGRP)

[Big Brother]

That's the thing, they haven't actually merged Tron, the private telecom company, into TGRP yet, they only took over control/ownership of the shell and changed the name, symbol and description on OTCM. It's still technically a shell company, so we don't actually know the true financials of Tron(private) yet, what is seen in the SEC filings is only the shell company fins, with no assets.

We know about the private placement based on an article in a Malaysian newspaper, there has been no SEC filing yet though because, despite what Yap told the press no reverse merger has actually taken place, only a change of control.

https://www.nst.com.my/business/2017/05/235746/tron-group-raise-rm20m-expansion-iot-sector

If there had been a RM this would no longer be classified as a 'shell' company, and we would have gotten a Super 8K filing with Trons PCAOB audited financials, this has not happened yet. I don't think these guys have much clue of what they are doing because it quite unusual for this to be taking so long.