Thursday, December 27, 2018 3:58:14 PM
There are going to be many, many more filings before every thing is settled.
We are not sure if Toron is going to flatten out the corporate structure or continue with a similar structure. The complex nature of the deal is certainly why it is taking so long to finish the 8-K. I think it will all make sense when we see the finished document.
The $43 Million is an estimate of current revenues based on the following:
There are 8 (16) unit facilities. Each unit generates $33,600 per year. That is $5.3 Million per facility and $43 Million altogether. Here are links to the individual locations.
http://www.gardensofclanton.com
http://www.gardensofdaphne.com
http://www.gardensofeufaula.com
http://www.limestonelodgeal.com
http://www.limestonemanoral.com
http://www.gardensofmadison.com
http://www.gardensofpelham.com
http://www.gardensofwetumpka.com
They all operate under Great Oaks Management which is overseen by Brad at InMed.
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