Lots of buzz beginning for TRON. Let the noise br
Post# of 178
Covering other ground, while it would have been nice to have had more ongoing dialogue from Rene, the lack of updates during his tenure were diametrically opposite from someone who was pumping and/or diluting a stock. The chances of it being a scam are very slim when shares aren't flooding the market in tandem with multiple, closely-spaced press releases that have no items seen through to closure. In the case here, the deal was seen through from start to finish, with investors now just waiting on SEC/legal filings.
The InMed acquisition was announced, then came the funding, then funding switched from Continental as the lender to Flagship, the closing of the deal was announced, letters by CEO of InMed and Flagship confirmed the closing and the funding, shares were transferred, InMed entities dissolved on the same date as mentioned by InMed CEO within the Toron press release, and then announcement of further funding and expansion of scope and acquisition began. 8k and audits to come, with intent to uplist. No parties have denied any public communications posted by Toron. The only retraction was by Toron, and was regarding the fake PR, however the closing of the deal that was alluded to in the fake PR actually took place shortly thereafter.
Also, keep in mind that insider ownership is in the form of common shares, not restricted, and not preferred. This means that insiders and retail holders are in the same boat.
By the numbers, Pantheon owns 200M, Patienttrac has another 81M, and InMed and Flagship each have 100M per party. In total, that is 481M shares, with 400M being restricted. With the inclusion of Patienttrac's 81M, the float is 380M, so by obvious definition, if 200-400M were being dumped into the market, and many days the price drops 10-12 ticks off of 1M or less in volume, then the sale of 100M or more shares would drop this thing to the floor, seeing as the restricted shares would more than double the float. The price would not hold, nor would volume remain low in the presence of a doubling of the available floating shares. Not only would retail have to hold and not sell, but buying pressure would have to be so strong and continuous that the share price didn't waver. We're not seeing anything like that. People are waiting on filings, and in the meantime, a few shares are getting sold and a few are getting bought. Plus, why would any of the four entities holding crush the stock? Any one party that did that would destroy the holdings of the other three they are in business with. If they suspected that, then either legal teams would be on this immediately on behalf on the holders and/or the other parties would race to liquidate while they could, with retail shareholders doing the same. That's just not happening. Additionally, dumping a large holding without any kind of public marketing campaign would just mean that the person unloading would get less and less for each lot of shares sold, seeing as that type of unloading would tank the price. Unless it was a short seller who was driving it down to begin covering and buying for the next uptrend to trade, one would be shooting themselves in the foot. More on that in a minute....
Emotionally speaking, some are comfortable with Rene's departure, and some are not. But either way, the facts are not all on the table yet. Pantheon is still in this, holding 200M, and Rene still owns Pantheon, so he's not gone, even if his name tag has a different title. There could have been any number of reasons for stepping down, ranging from a) legal advisement, seeing as he may need to be a bit more removed, and owning Pantheon without operating Toron would create legal breathing room for Pantheon, b) taxing and financial decisions for efficiency, profitability or legality, c) personal issues or health issues, d) outside business issues, e) insider business issues, such as conflict of interest between Pantheon, Toron, InMed etc and the holding of owner-operator-director status of more than one simultaneously, f) board decision, including his, that someone with a medical background would be the most effective. And as a wild card, g) there is always the chance he could step back in as CEO at a later date, with the Interim CEO only there to fill the gap, but with the interim changes needing to be formally filed if required by the legal team.
There does not seem to be any irrefutable evidence of a scam. Could it happen? Sure. There could always be a backdoor avenue, such as an insurance racket by which the hospitals are being used - but that is such a far stretch of the imagination that it holds zero merit and is just a conjuring up of possibilities.
The best DD has come from hospital numbers, onsite visits, paperwork showing dissolution, people speaking with parties related to InMed or Toron, proper press releases, filings, letters, etc. No other DD is coming close. And it destroys the credibility of the counter party when people are smeared before they are even properly identified. If they'll do that, they'll smear anyone, for any and no reason at all. And if someone is a friend of someone, that proves nothing. That would be like saying that if a friend or business relation once had an affair, then you were not a trustworthy partner either. Kind of like the cliched saying about height and doctors. If most doctors are tall, does that automatically mean most tall people are doctors?
As something of additional note, take a look at this post from the other day(from elsewhere):
"Here my guess as to what will happen over the next 90 days:
Rene’s departure is part of a strategy to cash out for him and Wayne
They will drive the price up, and sell into the price increase, and then cover when the paper becomes free trading."
That seems like the shorts are telegraphing their moves.
Look at the last line. Why would Rene have to cover? Do you or I have to cover if we are not shorting?
I mentioned that in the link below, guessing that that was what was being done to some degree:
https://investorshangout.com/post/view?id=5324066
Pretty interesting. Hope you are loading, shorts! This would be an ideal place to cover should there still be any risk involved via the sake of an 8k and an uptrend - unless some of those free shares are being held with an iron grip to try to create a selloff on the filing of the 8k so as to drop the price and cover. Whatever the case, once the numbers are out, the book value changes and in time, that will be accurately reflected in the price per share of stock.
Long story short, yes, we need updates, but aside from the need for communication - which was an issue in between each stage of the InMed deal(LOI, funding, change in funding, closing) - nothing is really raising eyebrows, good or bad, in the meantime. We're in a bit of quiet period until the filings begin hitting once the board is legally depicted as in place.
And for something fun to take everyone into the weekend. SHMP was at .006 in November, much like where TRON is to date, and is now in the .60's as of typing this. TRON can get there too and that would put this on the map, seeing as we are still very much an under-the-radar stock.
Hope everyone is doing well and made through the polar vortex alright. Enjoy the day! Good things are coming!
SHMP chart:
https://stockcharts.com/h-sc/ui?s=shmp
$TRON for the win in 2019, 2020 and beyond!