Replies to post #98504 on TON Strategy Company (TONX)

[Badge04]

Really great information Roach. Appreciate you sharing this with the board and providing some insight from those with industry ties

[TenKay]

“This is a merger acquisition to uplist.“

One should read the S-1. Nowhere is it described as such.

This is a offering that, if successful, will provide the capitalization necessary to meet the equity standard for uplisting to nasdaq. It may also provide enough capital for FUSZ to acquire SC. The uplist and acquisition are two separate actions that are not connected. Either one may or may not happen.

The only entity that is proposing the uplisting is FUSZ. It is currently an OTC stock and if successful will move to NASDAQ assuming it can meet the initial listing criteria including a minimum $4 bid price.

As FUSZ is already an SEC registered publicly traded stock, it cannot do an IPO. There is already a public market for the stock. This is a follow-on offering.

[underdog150]

So why wouldn't these investors be buying the crap out of FUSZ now seeing the the pps will be multiple times higher after this uplist? This doesn't make any sense at all, hence the conundrum I mentioned before.
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Another great question. I asked that as well.
I was told this is treated like an IPO. New entity. Not a straight OTC to Nasdaq uplist. They call those companies “jumpers”. Fusz is not a jumper. This is a merger acquisition to uplist. It’s in Nasdaq reports as an IPO. Just like the other standard IPOs your describing. All I can say is spoke at length to very knowledgeable and connected people around the IPO world. This is what I was told.

Another question I asked. Can an underwriter price it above previous market value. I was told absolutely. Especially in this case give the scenario of Fusz and its uplist.

[ArryHere]

This is awesome info, thanks Roach2.

And of course, NASDAQ will give us huge credibility....both for deeper investment as well to to gain the larger customer base/revenues.

[Nspireaction]

Thanks Roach, great to hear more confirmation!

We've got the Pro's working on it. ;-)



nFusz Announces Engagement with LHA for Strategic Investor Relations Services
LHA has the experience and expertise to assist us with adopting best practices and implementing strategies to raise nFUSz’s visibility and awareness within the institutional investment community.
https://nfusz.com/wp-content/uploads/2018/06/18-06-25-nFusz-LHA-Engagement-PR-FINAL.pdf

nFusz Engages Donohoe Advisory For Uplisting To National Exchange
Donohoe Advisory was founded by Dave Donohoe in 2004, and since that time the firm has successfully represented hundreds of companies in a wide range of listing proceedings and engagements at both Nasdaq and the NYSE. Each professional member of Donohoe Advisory’s team previously worked for either The Nasdaq Stock Market (“Nasdaq”) or the New York Stock Exchange (the “NYSE”). Prior to forming Donohoe Advisory, Dave Donohoe spent 9+ years with Nasdaq, where he ultimately served as Chief Counsel in the Listing Qualifications Department
https://nfusz.com/wp-content/uploads/2018/05/FUSZ-Donohoe-FUSZ-Uplist-PR.5.21.18.pdf

nFusz Announces Engagement with Underwriter AGP
A.G.P.’s Equity Capital Markets team is responsible for pricing, marketing and selling lead-managed and co-managed equity offerings, and has comprehensive experience in providing market perception, timing and valuation services
https://www.allianceg.com/investment-banking/equity-capital-markets/

Nfusz engages Gartner, a leading information technology research and advisory firm that covers the CRM industry, Gain an essential edge with independent, objective, accurate and rigorously researched insights drawn from over 1,900+ analysts and 380,000 client interactions — including 130,000+ executive interactions — each year.
https://www.gartner.com/en

New Board Member
We are fortunate to welcome a professional of Ken Cragun’s stature to our Board of Directors,” stated nFusz CEO Rory J. Cutaia. “As we continue to pursue our plans to uplist to NASDAQ, Ken’s knowledge and experience will be instrumental. He brings over 30 years of national exchange financial expertise, including experience in capital structure improvement, mergers & acquisitions, and the follow-on integration strategies and execution. With a Deloitte CPA background, billion-dollar market-cap CFO experience for NASDAQ-listed technology companies, and expertise in SEC reporting, cash management, and sophisticated financial audits, Ken is an ideal choice to chair our Audit Committee,” continued Mr. Cutaia.
https://ih.advfn.com/p.php?pid=nmona&article=78185579

[roni1]

You are 100% correct. I spoke to a few professionals about that as well couple weeks ago and got more or less the same information You got. I even posted about it couple weeks ago after speaking to them.

[JR30]

A lot of unknowledgeable people would disagree with you. You are correct though. This can absolutely be an IPO on NASDAQ, depending on how it is played out. That is why there is a good chance there will be a new cusip as well.