$TRON DD: A SERIES of ACQUISITIONS: TUCSO
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A SERIES of ACQUISITIONS:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMedGroup.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to
complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
MOVING FORWARD TO FINALIZE; FIRST IN A SERIES:
TORON, INC. (OTC:TRON) PROVIDES CORPORATE STATUS UPDATE
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has
over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire
healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
(In addition to InMed Acquisition):
CONTINUING THE REVIEW, NOT BEGINNING:
Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
Can Rene Ortiz Morentin get this done? I'd say so:
About TRON's CEO(thanks to and courtesy of John Reiner and Ardbeg):
https://investorshub.advfn.com/boards/read_ms...=141254382
Reduced A/S and No Dilution(*mentioned a 1yr ago and holds true today):
On June 9, 2017, the Company was officially removed from custodianship from Barton Hallow, LLC and Adam Tracy pursuant to a Nevada District Court Order. On June 14, 2017, Custodian case was formally closed. Today, the Company updated its filing with the Secretary of State of
Nevada reflecting the removal of Mr. Tracy as a director and seating its new board of directors.
Additionally, the Company has filed an amendment of the articles of incorporation, with the board of director’s approval, with the Secretary of State of Nevada to reduce its total authorized shares of common stock from 2,500,000,000 to 1,000,000,000. Mr. Ortiz Morentin stated “I can see no reason to support a dilution event for Toron shareholders”.
*Float has been a steady 299M for over a year in addition to greatly reduced authorized count
Speaking of shares from the float, what kind of interest is here? How about a sampling of only FIVE or SIX people?
(Info courtesy of LCRG and Nica):
Nicasurf Tuesday, 06/12/18 10:11:30 PM
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This float must be locked up I know a few longs holding over 70mill plus 45mill charles and clearing that's 115mill total just with 5-6 people. Remaining float 185mill. Super thin
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A little about InMed, our first acquisition slated to close:
"InMed operates 3 hospitals and 9 adult care facilities in Alabama and Georgia. For Fiscal Year Ending 31 December 2016, the group recorded Revenue of approximately $87 million and posted an EBIDTA of approximately $7.6 million."
PS "On October 27, 2017, the Company provided InMed Group with the required deposit to secure the Letter of Intent."
Deposit requirements met and secured for LOI.
What hospitals are operated and managed by InMed?
(Info courtesy of John Reiner):
https://investorshub.advfn.com/boards/read_ms...=141684487
In addition to the obvious avenue of patient care, how will these hospitals be used, and how can they tie into TRON's software model, using iMedScan?
"Ortiz Morentin stated "This acquisition demonstrates our resolve to bring value to all Toron shareholders and will serve as a clear example of the veracity of our iMedScan software. We fully intend to implement iMedScan software into all the operating units and expect that the insurance and patient collection process will be dramatically improved and hence, increase future cash flow from the acquisition.""
So, acquisition being used as a proof of concept for modeling software capabilities to launch elsewhere? Plus more? And including a potential ICO?
https://www.otcmarkets.com/stock/TRON/news/To...?id=178154
Notice the Acuant contract in the iMedScan link above? Looks like they, and another company have been working on this model since 2016, and are still going strong.
(Info courtesy of, and thanks to, John Reiner):
Mysterium , I had time when I got home to look up that imedscan information ! This is a snippet from a TRON PR dated August 19th 2016..
“In March, 2016, iMedScan entered into an agreement with Acuant Corporation of Los Angeles, California to employ its proprietary, hosted scanning solution on patient’s driver’s licenses and insurance cards. Most recently, in June, 2016, iMedScan finalized a test program with Change America, formerly Emdeon Corpoation, utilizing an electronic data interchange for verifying and validating patients’ health insurance”
LINK TO ACUANT WEBSITE
http://www.acuantcorp.com/
LINK TO CHANGE HEALTHCARE WEBSITE
http://changehealthcare.com/
iMedScan contract for Healthcare ATM?
"iMedScan has a contract with various equipment leasing companies for the lease of the ATM machines at the healthcare facilities"
A bit more on pharmacy kiosks and vending:
https://www.abc15.com/news/region-southeast-v...in-arizona
http://www.northbaybusinessjournal.com/northb...ealth-care
So, a combination of automation, pharmacy, vending, and software.
In Addition, we are DWAC and FAST certified by the DTCC:
MIAMI, FLORIDA – 2 February 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
Toron, Inc.’s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. “We have cleared another hurdle in transforming Toron into a growing and thriving
company as we prepare to expand our business horizons.”
A bit about the DTC:
"DTC brings efficiency to the securities industry by retaining custody of more than 1.3 million active securities issues valued at US$54.2 trillion as of 7/31/2017, including securities issued in the US and more than 131 countries and territories."
http://www.dtcc.com/about/businesses-and-subsidiaries/dtc
MIAMI, Feb. 12, 2018 /PRNewswire/ -- Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
Toron, Inc.'s President Rene Ortiz Morentin announces that the Depository Trust & Clearing Corporation (DTCC) approved Toron common stock for DWAC and FAST electronic delivery access. "We have cleared another hurdle in transforming Toron into a growing and thriving company as we prepare to expand our business horizons."
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
Is InMed working with us? Do they want this to close? Let me double down and paste that last paragraph again for reiteration.
UPDATE ON INMED GROUP, INC. ACQUISITION
On 29 January 2018, Toron and InMed Group executed an Amendment to the Letter of Intent. "Both InMed's management team and we are working extremely hard and diligently to finalize the financing and acquisition," stated Mr. Ortiz Morentin. "A transaction of this type with multiple operating subsidiaries is complex and must be done carefully to avoid problems in the future. InMed's management is committed to providing us with all the material required to close this transaction," further stated Mr. Ortiz Morentin.
InMed financial statements received. Now, let's discuss financing on our end to make it happen.
MIAMI, FLORIDA – 27 March 2018 - Toron, Inc. (OTC Pink: TRON) provided its
stockholders today with a corporate update.
“We are pressing forward to finalize our financing to complete our acquisition of the InMed Group. As we are approaching Easter and Semana Santa, we anticipate that our financing will be completed following this holiday season.” stated Rene Ortiz Morentin, President of Toron. “On
March 13, 2017, we received the InMed Group December 31, 2017 financial statements, which was required by our lenders. These have been disseminated to our lenders and I have been talking diligently with several financial institutions to provide the needed financing to complete this transaction and launch our corporate vision.” further stated Ortiz Morentin.
And now we close the loop by following the chain back to the beginning of this post:
TUCSON, ARIZONA – 27 April 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron has received and executed a Financing Agreement which will enable us to move forward with vigor and focus to complete our acquisition of the InMed Group.” stated Rene Ortiz Morentin, President of Toron. This Agreement will enable Toron to complete its acquisition of InMed and provide the Company with working capital. Our new financial partner, an extremely well capitalized financial institution, with headquarters in Greenwich, Connecticut, and has expressed not only are they looking forward to closing Toron’s
first acquisition but would like to serve as Toron’s financial partner moving forward as Toron looks to add additional healthcare facilities in a series of acquisitions.
“This has been a long and strenuous journey for our shareholders. There are no shortcuts in building a company with true lasting and meaningful value. We at long last will have a venue to showcase our iMedScan technology which can improve collections and cash flow for healthcare
professionals and facilities.” further stated Ortiz Morentin.
And our financial partner is now publicly disclosed:
TUCSON, ARIZONA – 1 May 2018 - Toron, Inc. (OTC Pink: TRON) provided its stockholders today with a corporate update.
“We are pleased to announce that Toron’s new financial partner is Continental Finance Corporation (“Continental”), an extremely well capitalized financial institution. Continental has over 25 years of experience in a multitude of business areas. Continental’s experience base will complement ours. Continental has vast real estate experience, such will be invaluable as we acquire healthcare facilities and the underlying real estate.” stated Rene Ortiz Morentin, President of
Toron. “We are now focused upon moving aggressively forward with the documentation to finalize the InMed Group acquisition. Additionally, we are continuing our review the acquisition of additional healthcare facilities.” Further added Ortiz Morentin.
About Continental Finance Corporation
Continental Finance Corporation is based in Greenwich, Connecticut and its international operations are centered in New York City. Continental’s website is www.cfcfinance.com.
It looks like we are now waiting on ink to dry, and or a public dissemination campaign approved of by all parties before release.
Though there has been recent speculation of a tipping of the hat in which CEO, Rene Ortiz Morentin, revealed himself, his name, face, and location on Twitter, right at the corporate offices of InMed, on the other side of the country from where TRON resides:
https://twitter.com/IncToron/status/1008764125894324224
This is your story line so far.
Here are a few(awesome) tidbits, courtesy of and thanks to Pennystocktrader:
Pennystocktrader Member Level Monday, 01/29/18 10:04:46 PM
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Here are some TRON facts as a reminder of what you own:
1. Confirmed acquisition of InMed Group Inc.
2. $87 Million revenue
3. $7.6 Million EBIDTA
4. IMEDSCAN blockchain
5. NO dilution
6. NO past notes due
7. NO change in share structure
8. 299 million share float
9. NO paid pumps or promos by the company
TRON has a book value of .22 per share upon the completed acquisition of InMed Group Inc.!
Pennystocktrader Member Level Wednesday, 12/13/17 11:52:26 AM
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Folks, this is HUGE:
TRON's book value is .22 per share! Holy crap!
That is based on taking the multiple of 24 (which is a multiple used for mergers and acquisitions) times $7.6 Million (EBIDTA) and divide that total by our Outstanding Shares of 813 Million.
TRON has a book value of .22 per share with the acquistion of InMed!
*Note: These valuations are only in regards to the InMed deal. Remember that we have a series of acquisitions, software licensing and distribution, and a potential ICO.
Again: 299M float. No dilution. No R/S. Financing secured. Deal almost done.
GOT TRON????
Hope so.
PS Thanks to all of the other contributors out there. We have an awesome team, through and through.