Good post nodummy, really lays out the facts. There are some things I'd love to know. First, how many of those 70 million shares Hayes still owns. Since he pumps TRON frequently I would imagine quite a few. We probably can't know the answer to that though.
Second, when do Morentin's shares go off restriction? I haven't seen that anywhere, but I probably just missed it.
It's possible for Morentin to get a leveraged buyout of InMed without much capital, but to do so I'd expect anyone financing to insist on InMed opening their books thoroughly to determine if there is sufficient cashflow and earnings to support the debt that would have to be taken on to do it. Morentin does seem to have experience in such matters. I wonder what his plans for his relationship to InMed would be if the deal goes through?
Hayes himself on his Twitter feed says he's known Morentin for 30 years. Sorry I was wrong when I said 35. Date is January 21, 2017.
"H Wayne Hayes Jr? @HWayneHayesJr
21 Jan 2017
CEO is a 30 year colleague Rene Morentin"
Could be he was only married 3 times by age 35. That would be a little more reasonable.
So these guys have a sort of a crew going, but TRON doesn't have the feel to me of a classic pump and dump. No dilution or email spam or anything along those lines. I guess it comes down to whether the deal they are working on is real. Hayes getting the 70 million shares to cancel the debt owed could be viewed as just a speculation that seems to be paying off for him. I don't fault him for that. That said, I wonder how much inside information he has? I guess it's not too important unless he trades before info is made public.
I get the feeling we aren't talking about things that most people who've been following this for awhile didn't already know.
