Taronis Technologies Inc (fka TRNX)

[mrfence]

I believe it's preparation for the "Coal Combustion Technology Company with 2015 Revenue In Excess of $14 Million" acquisition along with expansion of Magnegas footprint in the Welding Supply Sector via aggressive supply chain acquisitions near term. Makes sense to differentiate the two separate vertical models into subsidiaries although it appears that the Coal Combustion Tech acquisition may actually be taking the form of a reverse merger with the welding supply division as the subsidiary. Then both divisions will be EBITDA positive near term

With the formation of this subsidiary, we may be hearing about the completion of this acquisition sooner then later...

Privately Held Environmental Company Services the Coal and Waste Water Industries with Proprietary Technology http://www.prnewswire.com/news-releases/magnegas-signs-letter-of-intent-to-purchase-coal-combustion-technology-company-with-2015-revenue-in-excess-of-14-million-600670351.html