John, awesome find on the meeting and the Richard C Singer avenue! There are a couple great points of note. The first is that the revenue originally mentioned was $87M for 2016 InMed revs. Mr. Singer's site, of which notes Toron as one of his clients, now states revs at $135M for the hospitals and $43M more for the assisted living facilities(almost a $100M year over year revenue increase).
In addition, line item number three from the notes is pretty substantial.
"Toron, Inc. has secured funding for the InMed Group and anticipates taking control of the facilities by January 1st. Additional Working Capital has been committed and Toron is already being approached by other Facilities to be acquired."
Yet more confirmation that InMed funding was secured. The dates line up with the dissolution of the InMed subsidiaries and the CEO letters(and PR). Additional capital confirmed. And the best yet, is that other facilities are approaching Toron to be acquired. It is one thing to go door to door in search of acquisition targets. It's another ball game when you have targets coming to your door asking for you to acquire.
Great job again on the DD, John!
In addition, line item number three from the notes is pretty substantial.
"Toron, Inc. has secured funding for the InMed Group and anticipates taking control of the facilities by January 1st. Additional Working Capital has been committed and Toron is already being approached by other Facilities to be acquired."
Yet more confirmation that InMed funding was secured. The dates line up with the dissolution of the InMed subsidiaries and the CEO letters(and PR). Additional capital confirmed. And the best yet, is that other facilities are approaching Toron to be acquired. It is one thing to go door to door in search of acquisition targets. It's another ball game when you have targets coming to your door asking for you to acquire.
Great job again on the DD, John!
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