$TRON Low float/No RS/$100M Healthcare Acquisition
Post# of 18864
(Total Views: 184)
Posted On: 11/24/2018 11:40:43 AM
$TRON Low float/No RS/$100M Healthcare Acquisition Play:
*For full PR history, including the coming selected excerpts, please follow this link where they have been compiled from otcmarkets:
https://investorshangout.com/post/view?id=5269652
**PR Highlights(not including BOD info, removal of custodianship, addition/removal of accounting or legal services, etc):
“iMedScan’s proprietary technology will generate a twenty-five percent (25%) reduction in patient insurance rejections or denials from insurance payors,” Morentin said. He continued, “changes in the healthcare industry have considerably lowered profit margins and increase the costs of healthcare to consumers; we believe our technology will create significant cost reductions that will benefit both insurers and insureds.”
" iMedScan finalized a test program with Change America, formerly Emdeon Corporation, utilizing an electronic data interchange for verifying and
validating patients’ health insurance. “We estimate a fifty percent (50%) net profit recapture from each medical office that adopts our technology,” Morentin noted. Currently, in addition to traditional medical offices, iMedScan is focusing on the further development and commercialization of kiosk devices hosting the company’s scanning solution."
.....25% reduction + 50% recapture.....
"Toron Management has elected not to proceed forward with a previously contemplated reverse stock split.
Rene Ortiz Morentin, President, stated “based upon the current business opportunities that are being considered, a reverse split would not be in the best interest of Toron and its shareholders”."
"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 remained at 299M)
"After our long and difficult road to finalize the complex documentation for the acquisition of The InMed Group, such was completed on October 10, 2018. Our acquisition was extremely complex given that we were acquiring numerous operating entities in 2 states and ensuring that all required permits and licenses remained intact. Our partner, Flagship Properties, has stood by our side during this process and we look forward to working with Flagship in the future," stated Rene Ortiz Morentin, Toron's Chief Executive Officer.
Under the terms of the transaction, Pantheon Partners SRL has agreed to transfer 100 Million shares of Toron, Inc. stock to Flagship Properties, LLC, and 100 Million shares of Toron, Inc. stock to InMed Group.
"Our transition team is poised to add efficiencies to the operations of The InMed Group to strengthen and grow cash flow. Moreover, we are negotiating with several financial institutions to provide Toron with a substantial operating line of credit to further add efficiencies for InMed operations and facilitate Toron's continued growth," further added Ortiz Morentin."
"“We are pleased to announce that Toron has accepted and executed a Letter of Intent for a $10 million working capital facility from a privately held finance company specializing in financing healthcare providers in the United States. With this working capital facility in place, we can
implement our strategic plans for operations and we shall be poised to explore additional acquisition opportunities to add to our base of operations,” stated Rene Ortiz Morentin, Toron’s Chief Executive Officer.
Additionally, the Company has engaged Sterling Issuer Services to prepare and file with the Securities and Exchange Commission a Form 8-K."
"On November 14, 2018, Toron received a letter confirming our acquisition of the InMed Group. Jacques Jarry, Founder and Chief Executive Officer, stated “It is our pleasure to confirm our Agreements for the completion of the acquisition of The InMed Group, Inc. and its affiliated entities.” Mr. Jarry further added “As you are aware, there are necessary State and Federal
notifications required regarding the change in control for the InMed Group operating entities. This process can take 30-45 days, however, we anticipate such on approximately Dec 21st, 2018. We are pleased to become part of the Toron family and towards building a stronger and expanded healthcare network.”
299M float. (value estimated) $100M healthcare acquisition finalized. 8-k on the way. Board of Director integration from InMed, etc scheduled for late November. State and Federal paperwork for InMed/Toron deal anticipated to be transitioned on approximately 12/21/18. LOI accepted and executed for additional $10M working capital line of credit for operations and additional acquisitions (Note: estimated $100M InMed deal had LOI for $10.9M).
Please also see the following:
Once open to "All Forums", click on "Toron Investors", then "InMed Group Acquisition", then scroll to read John Reiner's "Ultimate DD" post:
http://toroninc.com/forums/
Also, make sure to take a look at MovingOn's updated checklist, posted prior by UnHuggy:
https://investorshangout.com/post/view?id=5268873
Read More: https://investorshangout.com/post/view?id=526...z5Xn5P23zf
*For full PR history, including the coming selected excerpts, please follow this link where they have been compiled from otcmarkets:
https://investorshangout.com/post/view?id=5269652
**PR Highlights(not including BOD info, removal of custodianship, addition/removal of accounting or legal services, etc):
“iMedScan’s proprietary technology will generate a twenty-five percent (25%) reduction in patient insurance rejections or denials from insurance payors,” Morentin said. He continued, “changes in the healthcare industry have considerably lowered profit margins and increase the costs of healthcare to consumers; we believe our technology will create significant cost reductions that will benefit both insurers and insureds.”
" iMedScan finalized a test program with Change America, formerly Emdeon Corporation, utilizing an electronic data interchange for verifying and
validating patients’ health insurance. “We estimate a fifty percent (50%) net profit recapture from each medical office that adopts our technology,” Morentin noted. Currently, in addition to traditional medical offices, iMedScan is focusing on the further development and commercialization of kiosk devices hosting the company’s scanning solution."
.....25% reduction + 50% recapture.....
"Toron Management has elected not to proceed forward with a previously contemplated reverse stock split.
Rene Ortiz Morentin, President, stated “based upon the current business opportunities that are being considered, a reverse split would not be in the best interest of Toron and its shareholders”."
"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 remained at 299M)
"After our long and difficult road to finalize the complex documentation for the acquisition of The InMed Group, such was completed on October 10, 2018. Our acquisition was extremely complex given that we were acquiring numerous operating entities in 2 states and ensuring that all required permits and licenses remained intact. Our partner, Flagship Properties, has stood by our side during this process and we look forward to working with Flagship in the future," stated Rene Ortiz Morentin, Toron's Chief Executive Officer.
Under the terms of the transaction, Pantheon Partners SRL has agreed to transfer 100 Million shares of Toron, Inc. stock to Flagship Properties, LLC, and 100 Million shares of Toron, Inc. stock to InMed Group.
"Our transition team is poised to add efficiencies to the operations of The InMed Group to strengthen and grow cash flow. Moreover, we are negotiating with several financial institutions to provide Toron with a substantial operating line of credit to further add efficiencies for InMed operations and facilitate Toron's continued growth," further added Ortiz Morentin."
"“We are pleased to announce that Toron has accepted and executed a Letter of Intent for a $10 million working capital facility from a privately held finance company specializing in financing healthcare providers in the United States. With this working capital facility in place, we can
implement our strategic plans for operations and we shall be poised to explore additional acquisition opportunities to add to our base of operations,” stated Rene Ortiz Morentin, Toron’s Chief Executive Officer.
Additionally, the Company has engaged Sterling Issuer Services to prepare and file with the Securities and Exchange Commission a Form 8-K."
"On November 14, 2018, Toron received a letter confirming our acquisition of the InMed Group. Jacques Jarry, Founder and Chief Executive Officer, stated “It is our pleasure to confirm our Agreements for the completion of the acquisition of The InMed Group, Inc. and its affiliated entities.” Mr. Jarry further added “As you are aware, there are necessary State and Federal
notifications required regarding the change in control for the InMed Group operating entities. This process can take 30-45 days, however, we anticipate such on approximately Dec 21st, 2018. We are pleased to become part of the Toron family and towards building a stronger and expanded healthcare network.”
299M float. (value estimated) $100M healthcare acquisition finalized. 8-k on the way. Board of Director integration from InMed, etc scheduled for late November. State and Federal paperwork for InMed/Toron deal anticipated to be transitioned on approximately 12/21/18. LOI accepted and executed for additional $10M working capital line of credit for operations and additional acquisitions (Note: estimated $100M InMed deal had LOI for $10.9M).
Please also see the following:
Once open to "All Forums", click on "Toron Investors", then "InMed Group Acquisition", then scroll to read John Reiner's "Ultimate DD" post:
http://toroninc.com/forums/
Also, make sure to take a look at MovingOn's updated checklist, posted prior by UnHuggy:
https://investorshangout.com/post/view?id=5268873
Read More: https://investorshangout.com/post/view?id=526...z5Xn5P23zf
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