Toron, Inc. (OTCMKTS:TRON) Is Now Embracing Blockchain and A Rising Share Price

The recent past has seen the share price of Toron, Inc. (OTCMKTS:TRON) rise by significant digits. The company which began the week trading just shy of $.007 is currently trading at $.0085 after reaching highs of up to $.01 earlier in the week.This price action can be seen in the chart below: TRON Daily ChartWith such a hike in prices being attributable to a change in a few of their operations as was depicted by an announcement by their management, we decided to take time and look into the recent history and whether the price hike was warranted or the company will have a reversal in the near term.A Brief Look Into TRONBefore going in-depth into the analysis, let us first have a brief introduction to the company for the sake of first time readers.Toron Inc is an innovative disruptive healthcare technology company. The company was incorporated in 2008 and has its headquarters in Miami Beach, Florida. They focus on integrating access to electronic data interfaces for healthcare providers and payer systems in a user-friendly manner.This is meant to reduce the administrative expenses for the healthcare providers as the company provides simplicity in the check-in registration process. Furthermore, the amount of lost revenue due to insurance rejections and denials is subsequently reduced courtesy of the same system.The company has since built a strong brand within the healthcare sector basing this on their strong capacities and their vetted narrative of ensuring operational efficiency for players in the sector.The Future of TRONOver the recent past, TRON has adopted the market penetration strategy. This has been exemplified by their strong zeal in trying to penetrate the healthcare sector over this period. This strategy has since led them to a new path, acquisition of established companies already within the sector.As at December 13, a major announcement was made by the management of TRON on their way forward: they had opted to acquire InMed Group.Let us break this down for you.InMed Group is based in Montgomery, Alabama. The company is a based operator of hospitals and senor care facilities with over 9 hospitals and 3 adult care facilities in Alabama and Georgia. Furthermore, the company has been making quite some headway in their financial management as they have made over $87 million in revenues and over $7.6 million in EBITDA.With such operations, once streamlining is done, TRON envisions strong value addition for their shareholders going forward. This will especially be the case given that full acquisition of InMed Group will have a significant impact on the consolidated revenues as well as other book values. Furthermore, the ability of TRON to market their insurance verification software, InMedScan software, to players within the healthcare sector, such as InMed Group, will play a key role in ensuring that their future revenues and profits keep rising.Given this, TRON has opted to fully acquire InMed Group.The company’s President, Ortiz Morentin, was quoted during the announcement stating:

"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."

Source:A day after this announcement, the company’s management went further to announce that they would be implementing the use of Blockchain in the management of their InMedScan Healthcare Technology.According to their President, the use of this technology would have positive implications on their operations which include (but not limited to): better contract management and storage, patient record privacy as well as giving TRON the ability to take part in an ICO token launch.With the company’s management having the strong belief that blockchain is the future, the system will come to serve them greatly as they work towards ensuring they are part of this ever-growing sector. Moreover, with the use of ICO token launch, the company can raise money which can be used to market their products.With the transition into the cryptocurrency age coming fast, TRON seems to be working at being a player within this space and not missing a single minute of the benefits that accrue from entry into this space. As such, their share price hike must have been attributable to the value creation expected by investors courtesy of the value expected to be derived from the cryptocurrency space.TRON’s FinancialsThe company’s financials stand as follows: they made no revenues for the period ended October 2017, 3Q2017, nor in the previous quarter. Moreover, they made a net loss in both quarters of about $105,000 and $119,000 respectively.A lot needs to be done especially in their working capital position which is currently at a deficit of $939,000. However, management remains hopeful of a prosperous future and that using some of the options they have come across, such as an ICO token launch, they can raise enough cash to finance this deficit.ConclusionTRON is now in the cryptocurrency space, a space which, if well managed, will be a strong value add for them. The entity has worked hard at being a strong mover and this move depicts it all for them. We remain bullish about this stock.We will be updating our subscribers as soon as we know more. For the latest updates on TRON, sign up below!Disclosure: We have no position in TRON and have not been compensated for this article.