Replies to post #98580 on TON Strategy Company (TONX)

[trader59]

It cannot "coincide," they don't have the cash to complete the purchase. If anything, it will follow the S-1 offering. Right now it is a non-binding letter of intent.

[jobynimble]

I will say it again until it sinks in with the board. The acquisition of SC will coincide with the offering so while what you say it true, the offering will be much higher than .50 when factoring that in because of the revenue they bring. Not to mention the business that partnership offers for nFusz as a whole.

Anyone believing that is going to be very disappointed...

Page 3 near the bottom: https://www.sec.gov/Archives/edgar/data/1566610/000149315218011909/forms-1.htm#a_09

We intend to use the net proceeds from this offering for working capital and general corporate purposes. We may also use a portion of the net proceeds from this offering to pay for all or a portion of the Acquisition Cash Payment, as well as transaction and integration costs incurred in connection with the Sound Concepts Acquisition. For a more complete description of our intended use of the net proceeds from this offering, see “Use of Proceeds” and “The Proposed Sound Concepts Acquisition.”


The offering HAS TO happen first, it says so in the S-1 because without it there is no money to acquire Sound Concepts. Again, anyone thinking otherwise is setting themselves up for a huge letdown...