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Taronis Fuels Inc (Q (TRNF)
0.1495 ? -0.0081 (-5.14%)
Volume: 1,401,474 @06/05/20 3:59:55 PM EDT
Bid Ask Day's Range
0.1337 0.159 0.1311 - 0.1577
TRNF Detailed Quote
Hello Scotty!
Remainder:
Taronis Fuels Ships First Gasification Unit to AnkaraPress Release | 04/21/2020
$5 Million in Revenue Recognized in April
PHOENIX, AZ, April 21, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTC: TRNF), a global producer of renewable and socially responsible fuel products, today provided an update on the status of a key contract with a client based in Turkey. On April 21, 2020, the Company successfully shipped a 50KW mobile Venturi plasma arc gasification unit to fulfill an existing purchase order. The unit was previously announced as a $5 million sale to a reseller and marketing partner in the industrial sales and marketing space based in Turkey with its primary offices in Ankara, and regional offices in Dusseldorf, Germany.
The unit is currently scheduled to arrive in Turkey in May. The unit will be shipped in two phases, with the first shipping via Miami, Florida on April 21, 2020. This shipment is scheduled to arrive in Gemilk, Turkey on May 27, 2020. The second shipment is traveling via Savannah, Georgia, departing on May 1, 2020, and is due in Gemilk on May 29, 2020. The shipments will then be transported over land to Ankara for delivery to the final destination on June 3, 2020......
Its the 5-th.June 2020, Scotty let´s tell me something about the OBSTACLES , they are more real than your promises!
1, Were the shipcrews kidnapped with pirates by the way???
2, Was the cargo stollen?
3, What next ceremonials will be orchestrated without any profit for TRNF?
4, When will be TRNF uplisted on NASDAQ or higher floor?
5, How long will be TRNF a uncredible and dangerous to invest company???
More news out Another acquisition, 3rd in the last month. will add 2 million in annual revenue, and add as production facility for the West Coast.
Just getting started here folks.
Taronis Fuels Expands into the Arizona Market
8:00 AM ET, 06/02/2020 - GlobeNewswire
Newest Location to Include Retail Hub and
Company’s Third MagneGas Production Facility
PHOENIX, AZ, June 02, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced the Company has secured its newest industrial gas and distribution location in Peoria, Arizona. The new Arizona location will serve as a flagship retail industrial gas location and will operate under the MagneGas Welding Supply brand like the existing locations in California, Texas, Florida, Louisiana, and Indiana. This is the third new retail location the Company has added in the second quarter of 2020, bringing the total number of retail locations to 26.
In addition, Taronis announced that this location will also serve as the Company’s third MagneGas production facility, operating as a regional distribution hub to serve the Company’s nine industrial gas locations in Arizona and California. The Company’s new heating, ventilation, and air conditioning (“HVAC”) industrial gas business operated under the TGS brand is also scheduled to co-locate and launch operations in the Phoenix and Tucson markets in the fourth quarter of 2020. The TGS expansion is expected to add upwards of $2 million in annualized industrial gas sales.
The Arizona market has become an area of increased focus for the Company. Taronis previously announced the relocation of its corporate headquarters to Peoria, Arizona. The new headquarters is expected to open in late June.
“We are very excited to share the news of our expansion into the Arizona market,” commented Scott Mahoney, CEO of Taronis. “This development represents a clear example of how our retail industrial gas strategy, our new HVAC industrial gas business, and MagneGas production capabilities can produce powerful operational synergies. This combined model optimizes the capital deployment required to launch three separate business initiatives while saving millions of dollars that would otherwise be required to launch each facility on a standalone basis.”
“We look for TGS to bring in revenues very quickly, helping to make the new market quickly profitable. We then expect the retail location to scale significantly over the next 2-3 years. Most importantly, our newest MagneGas production facility will help dramatically improve our ability to market and scale our MagneGas sales in California while serving clients in the Arizona market.”
“With the closing of the TGS acquisition last week, we are now actively executing on our aggressive organic expansion plans for 2020. We have added three new locations in the past month, and TGS gives us a clear path to add new locations in the Atlanta, Orlando and Dallas markets where we can leverage the existing infrastructure of TGS to minimize our cost to expand further. Given that we are now generating strong cash flows from our US operations, we can begin to self-fund and accelerate our organic growth model for the rest of 2020 and beyond,” concluded Mr. Mahoney.
8K on the purchase agreement
http://app.quotemedia.com/data/downloadFiling?webmasterId=103527&ref=115041734&type=HTML
Taronis Fuels Inc (Q (TRNF)
0.138 ? 0.0175 (14.52%)
Volume: 2,018,651 @05/27/20 3:59:48 PM EDT
Bid Ask Day's Range
0.07 0.188 0.116 - 0.1499
TRNF Detailed Quote
Taronis Fuels Releases 2019 Results of OperationsPress Release | 05/18/2020
118% Annual Revenue Growth,
Record Fourth Quarter EBITDA Improvement
PHOENIX, AZ, May 18, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today released results of operations for the full year ending December 31, 2019. The Company achieved a series of significant financial milestones in 2019, which are summarized below:
Revenues were a record $21.1 million, representing a 118% increase from $9.7 million the prior year. Sales increased across all of the Company’s US retail operations.
The Company acquired nine locations in 2018 through six acquisitions. Same store sales for these nine locations increased by 82% year over year in 2019. This demonstrates a strong validation of the Company’s operational execution and a clear ability to drive growth without a reliance on acquisitions.
Gross margins improved dramatically to 51% in 2019, as compared to approximately 42% in 2018. The increase was partly due to major improvements in buying power, as well as a shift towards a more profitable product mix, including the impact of increased sales of MagneGas as a growing contribution to total sales.
Operating expenses were $15.7 million, as compared to $8.7 million in 2018. However, expenses significantly decreased as a percentage of total sales, decreasing from 89.7% in 2018 to only 74% in 2019.
The Company reduced its quarterly net loss by 56%, from $2.1 million in the third quarter of 2019 to $0.9 million in the fourth quarter.
Working capital remained consistently positive and strong, with a current ratio of 1.62x.
Excluding a limited number of capital leases and a $0.5 million mortgage on one property, the Company has no material indebtedness and is entirely equity financed.
The Company has more than $4.5 million in cash, with sufficient liquidity to support its current business objectives for the remainder of 2020.
Beyond these financial results, the Company was very active on multiple fronts for both domestic and international business development. The Company completed three acquisitions in the first quarter of 2019, expanding to become a top five independent industrial gas competitor in both California and Texas. All three of these transactions helped to support our growing national retail brand, MagneGas Welding Supply.
The Company was also extremely active overseas, executing a scalable contract for the deployment of an initial 30 gasification units in Turkey for $165 million in July 2019. The Company executed a $250 million marketing agreement that covers 13 countries in central Asia in December 2019. Both of these contracts have progressed materially in 2020. Lastly, the Company secured approval from the Port Authority of Amsterdam and executed a 10-year lease for that port in September 2019, which is expected to be operational in September 2020.
The Company also made significant inroads for additional international expansion throughout the year. Most notably, the Company made meaningful progress in Bahrain, the United Arab Emirates, and El Salvador towards launching partnerships and marketing arrangements to sell MagneGas or other new renewable fuel products to these markets in 2020 and beyond.
“We are very proud of the financial results of operations we produced for 2019,” commented Scott Mahoney, CEO of Taronis. “The rapid revenue growth we delivered in 2019 was likely to be the highest level of sales growth in our industry. We capitalized on a series of international expansion opportunities in Europe and Asia, and we laid the foundation to enter many new markets for years to come.”
“Most importantly, we demonstrated a clear path to sustainable and profitable self-funded growth with our strong financial performance in the fourth quarter. We made tremendous progress, and this has positioned us well to deliver further financial improvements in 2020,” concluded Mr. Mahoney.
TRNF Security Details
Share Structure
Market Cap Market Cap
17,319,412
05/26/2020
Authorized Shares
1,000,000,000
02/26/2020
Outstanding Shares
143,729,561
03/04/2020
Restricted
34,871,291
03/04/2020
Unrestricted
108,858,270
03/04/2020
Held at DTC
Not Available
Float
105,488,280
02/28/2020
Par Value
No Par Value
Market Value calculated only for respective security
Great news. This equity has only just begun. MagneGas will revolutionize the metal cutting/fabrication industry. I'll be patient with this one for sure.
$TRNF$
Taronis Fuels Completes Largest Acquisition in Company HistoryPress Release | 05/27/2020
US Operations Cash Flow Positive
PHOENIX, AZ, May 27, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced the closing of an $8 million acquisition of one of the largest independent specialty industrial gas distributors in the United States today. The target will be branded TGS, operating as a wholly-owned subsidiary of Taronis Fuels going forward.
TGS’s operations cover the Georgia, Florida and Texas markets, with a dominant market share in the Atlanta, Orlando, Tampa, and Dallas metropolitan markets, and a strong market presence across much of Georgia, north and central Florida, and central and east Texas. TGS is a specialty gas supplier dedicated to the heating, ventilation and air conditioning (“HVAC”) market. The $8 million purchase was structured as $4 million in cash due at closing, and $4 million in multi-year seller debt financing. No equity was issued in conjunction with this transaction.
The TGS acquisition has an immediate, significantly positive financial impact on the Company’s overall financial outlook. TGS generated $8 million in revenues in 2019 and is experiencing rapid growth due to the increased work-from-home policies implemented during the COVID-19 pandemic. So far in 2020, TGS has achieved a record March, record April, and is on pace for record monthly sales results in May. This acquisition brings in approximately $300,000 in added monthly EBITDA, which is projected to grow throughout the remainder of 2020.
With this acquisition, Taronis is now able to generate positive EBITDA cash flows across its combined US operations. The Company is expected to periodically make discretionary investments in international business development, strategic manufacturing capabilities and research and development that may at times produce a short term period of negative EBITDA in order to accelerate growth opportunities and advance certain technology breakthroughs.
“This transaction has the potential to transform our US retail growth model,” commented Scott Mahoney, CEO of Taronis. “We have now added a very unique and compelling growth catalyst into our overall US portfolio. Through this acquisition, we can now enter entirely new markets for a very limited capital investment, and quickly become profitable in these new locations using high-margin HVAC centric gas sales to fund organic growth. This is a powerful benefit as we look to significantly expand our retail network for MagneGas Welding Supply across the United States.”
“There are also several compelling synergies regarding this transaction that offer tremendous organic growth potential across the combined companies. First, we can bring TGS’s HVAC centric sales model into our existing operations across all of California for very little capital investment. This has the potential to add several million dollars in new industrial gas sales on an annualized basis to Taronis Fuels before the end of 2020.”
“Next, we will look to utilize our combined operations to launch new MagneGas Welding Supply retail locations in Atlanta, Orlando, Jacksonville, Miami, Dallas and Houston. We see significant potential for growth as we leverage the collective management team to drive increases to revenue across the integrated business model.”
“We have also mapped out a timeline for expansion into the US southwest, particularly the Las Vegas, Phoenix, Tucson and Denver markets. Longer term, we plan to expand into Oklahoma City, New Orleans, Charlotte, Nashville and Memphis in 2021 and beyond.”
“Lastly, and most importantly, we made this acquisition because the primary industrial gas product sold within the HVAC industry is acetylene. It is the dominant metal cutting fuel in a massive and recession proof industry. In fact, more than one third of the target’s revenues are derived from acetylene sales, and our team is excited to begin transitioning those clients to MagneGas, the only renewable metal cutting fuel product on the market today,” concluded Mr. Mahoney.
We are a renewable fuel and power generation company. Our primary business objective is the production of sustainable, socially responsible alternatives to existing fossil fuel and industrial gas products. Our first commercially competitive product is a metal cutting fuel called "MagneGas". MagneGas is a proprietary synthetic gas comprised primarily of hydrogen that is produced by the Company from its Venturi Flow Submerged Plasma Arc Gasification Units ("Gasification Units"). We sell MagneGas, Gasification Units, other specialty gases and ancillary products globally.
The company has the best product available and now they are hooking up with marketing and distributors.
In the past there have been many fires and explosions with many deaths. This new magnagas is the answer.
This company is a spin off from TRNX, run by the same management but left to do its own thing.
This is a company everybody has been waiting for. A gas that is safe to use.
Management has no credibility, so PRs have very limited impact. Only positive audited financials with no dilution will help sp.
I call it good news but not the news needed for this stock at the moment
What do u call the news today
Lol
Taronis Fuels Completes Largest Acquisition in Company History
US Operations Cash Flow Positive
PHOENIX, AZ, May 27, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced the closing of an $8 million acquisition of one of the largest independent specialty industrial gas distributors in the United States today. The target will be branded TGS, operating as a wholly-owned subsidiary of Taronis Fuels going forward.
TGS’s operations cover the Georgia, Florida and Texas markets, with a dominant market share in the Atlanta, Orlando, Tampa, and Dallas metropolitan markets, and a strong market presence across much of Georgia, north and central Florida, and central and east Texas. TGS is a specialty gas supplier dedicated to the heating, ventilation and air conditioning (“HVAC”) market. The $8 million purchase was structured as $4 million in cash due at closing, and $4 million in multi-year seller debt financing. No equity was issued in conjunction with this transaction.
The TGS acquisition has an immediate, significantly positive financial impact on the Company’s overall financial outlook. TGS generated $8 million in revenues in 2019 and is experiencing rapid growth due to the increased work-from-home policies implemented during the COVID-19 pandemic. So far in 2020, TGS has achieved a record March, record April, and is on pace for record monthly sales results in May. This acquisition brings in approximately $300,000 in added monthly EBITDA, which is projected to grow throughout the remainder of 2020.
With this acquisition, Taronis is now able to generate positive EBITDA cash flows across its combined US operations. The Company is expected to periodically make discretionary investments in international business development, strategic manufacturing capabilities and research and development that may at times produce a short term period of negative EBITDA in order to accelerate growth opportunities and advance certain technology breakthroughs.
“This transaction has the potential to transform our US retail growth model,” commented Scott Mahoney, CEO of Taronis. “We have now added a very unique and compelling growth catalyst into our overall US portfolio. Through this acquisition, we can now enter entirely new markets for a very limited capital investment, and quickly become profitable in these new locations using high-margin HVAC centric gas sales to fund organic growth. This is a powerful benefit as we look to significantly expand our retail network for MagneGas Welding Supply across the United States.”
“There are also several compelling synergies regarding this transaction that offer tremendous organic growth potential across the combined companies. First, we can bring TGS’s HVAC centric sales model into our existing operations across all of California for very little capital investment. This has the potential to add several million dollars in new industrial gas sales on an annualized basis to Taronis Fuels before the end of 2020.”
“Next, we will look to utilize our combined operations to launch new MagneGas Welding Supply retail locations in Atlanta, Orlando, Jacksonville, Miami, Dallas and Houston. We see significant potential for growth as we leverage the collective management team to drive increases to revenue across the integrated business model.”
“We have also mapped out a timeline for expansion into the US southwest, particularly the Las Vegas, Phoenix, Tucson and Denver markets. Longer term, we plan to expand into Oklahoma City, New Orleans, Charlotte, Nashville and Memphis in 2021 and beyond.”
“Lastly, and most importantly, we made this acquisition because the primary industrial gas product sold within the HVAC industry is acetylene. It is the dominant metal cutting fuel in a massive and recession proof industry. In fact, more than one third of the target’s revenues are derived from acetylene sales, and our team is excited to begin transitioning those clients to MagneGas, the only renewable metal cutting fuel product on the market today,” concluded Mr. Mahoney.
About Taronis Fuels, Inc.
Taronis Fuels, Inc. is a global producer of renewable and socially responsible fuel products. Our goal is to deliver environmentally sustainable, technology driven alternatives to traditional fossil fuel and carbon-based economy products. We believe our products offer a vastly cleaner solution to legacy acetylene and propane alternatives.
Taronis is also dedicated to providing fundamentally safer solutions to meet the industrial, commercial and residential needs of tomorrow’s global economy. Our products have been rigorously tested and independently validated by global gas authorities as vastly safer than acetylene, the most dangerous industrial gas in use today.
Lastly, we strive to deliver products that offer significant function superiority at a reduced cost to the end consumer. Through these efforts, we support 9 of the 17 United Nations Sustainable Development Goals. For more information, please visit our website at www.taronisfuels.com/
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Investor Contacts:
Michael Khorassani
IR@Taronisfuels.com
It just hasn't received the right news
They have some shady history from before their spin off but I can't help but see this as an opportunity! Will watch closely! Love their latest report.
Y’all check this out!!
https://taronisfuels.com/wp-content/uploads/2020/05/Taronis-Fuels-2019-Annual-Report.pdf
It’s only a matter of time till this one uplist
Company has organic uplist written all over it for later in 2020. With a little over 100 million float this ticker is in my long term portfolio for sure. Only a matter of time until eyes are on TRNF!
Email Print Friendly Share
May 18, 2020 08:00 ET | Source: Taronis Fuels, Inc
118% Annual Revenue Growth,
Record Fourth Quarter EBITDA Improvement
PHOENIX, AZ, May 18, 2020 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today released results of operations for the full year ending December 31, 2019. The Company achieved a series of significant financial milestones in 2019, which are summarized below:
Revenues were a record $21.1 million, representing a 118% increase from $9.7 million the prior year. Sales increased across all of the Company’s US retail operations.
The Company acquired nine locations in 2018 through six acquisitions. Same store sales for these nine locations increased by 82% year over year in 2019. This demonstrates a strong validation of the Company’s operational execution and a clear ability to drive growth without a reliance on acquisitions.
Gross margins improved dramatically to 51% in 2019, as compared to approximately 42% in 2018. The increase was partly due to major improvements in buying power, as well as a shift towards a more profitable product mix, including the impact of increased sales of MagneGas as a growing contribution to total sales.
Operating expenses were $15.7 million, as compared to $8.7 million in 2018. However, expenses significantly decreased as a percentage of total sales, decreasing from 89.7% in 2018 to only 74% in 2019.
The Company reduced its quarterly net loss by 56%, from $2.1 million in the third quarter of 2019 to $0.9 million in the fourth quarter.
Working capital remained consistently positive and strong, with a current ratio of 1.62x.
Excluding a limited number of capital leases and a $0.5 million mortgage on one property, the Company has no material indebtedness and is entirely equity financed.
The Company has more than $4.5 million in cash, with sufficient liquidity to support its current business objectives for the remainder of 2020.
Beyond these financial results, the Company was very active on multiple fronts for both domestic and international business development. The Company completed three acquisitions in the first quarter of 2019, expanding to become a top five independent industrial gas competitor in both California and Texas. All three of these transactions helped to support our growing national retail brand, MagneGas Welding Supply.
The Company was also extremely active overseas, executing a scalable contract for the deployment of an initial 30 gasification units in Turkey for $165 million in July 2019. The Company executed a $250 million marketing agreement that covers 13 countries in central Asia in December 2019. Both of these contracts have progressed materially in 2020. Lastly, the Company secured approval from the Port Authority of Amsterdam and executed a 10-year lease for that port in September 2019, which is expected to be operational in September 2020.
The Company also made significant inroads for additional international expansion throughout the year. Most notably, the Company made meaningful progress in Bahrain, the United Arab Emirates, and El Salvador towards launching partnerships and marketing arrangements to sell MagneGas or other new renewable fuel products to these markets in 2020 and beyond.
“We are very proud of the financial results of operations we produced for 2019,” commented Scott Mahoney, CEO of Taronis. “The rapid revenue growth we delivered in 2019 was likely to be the highest level of sales growth in our industry. We capitalized on a series of international expansion opportunities in Europe and Asia, and we laid the foundation to enter many new markets for years to come.”
“Most importantly, we demonstrated a clear path to sustainable and profitable self-funded growth with our strong financial performance in the fourth quarter. We made tremendous progress, and this has positioned us well to deliver further financial improvements in 2020,” concluded Mr. Mahoney.
About Taronis Fuels, Inc.
Taronis Fuels, Inc. is a global producer of renewable and socially responsible fuel products. Our goal is to deliver environmentally sustainable, technology driven alternatives to traditional fossil fuel and carbon-based economy products. We believe our products offer a vastly cleaner solution to legacy acetylene and propane alternatives.
Taronis is also dedicated to providing fundamentally safer solutions to meet the industrial, commercial and residential needs of tomorrow’s global economy. Our products have been rigorously tested and independently validated by global gas authorities as vastly safer than acetylene, the most dangerous industrial gas in use today.
Lastly, we strive to deliver products that offer significant function superiority at a reduced cost to the end consumer. Through these efforts, we support 9 of the 17 United Nations Sustainable Development Goals. For more information, please visit our website at www.taronisfuels.com/
Interesting share structure
https://www.otcmarkets.com/stock/TRNF/security
What is that?
If this hits 8 everything is going into this one
Taronis Fuels Inc (Q (TRNF)
0.113 ? -0.005 (-4.24%)
Volume: 840,012 @05/08/20 3:27:09 PM EDT
Bid Ask Day's Range
0.111 0.114 0.11 - 0.125
TRNF Detailed Quote
Could retrace another 50% to previous 8c lows...
Looking like it’s not holding support @ .12
Why sell my never purchased spin-off shares now? Either the thing pops if Turkey revenues turn out to be real, or it goes bankrupt. It's a small gamble. Nothing more.
Okay so sell your stock and move on your way, not that hard
Same lying management
I am saying that nothing on the TRNF conference call has been proven bogus yet as that was just two weeks ago, now TRNX may be a different story
So you're saying you accept they lied or at least grossly mis-forecast TRNF revenues, but that's ok cuz TRNF wasn't tradable then and you believe the forecast now? Good luck
Ahhh a TRNX call hmmmm
Like the TRNX call in Jan when they forecasted being so flush with cash from TRNF Turkey revenues they were doing a stock buyback and might even take whole company private in near future. This was after the willful TRNX devaluation by spinning off TRNF, but long before TRNF was tradable (boy did that take forever). Well since that call, they diluted TRNX down to almost a dime with no PR or other statement revising revenue forecast. Obviously no Turkey revenue to date. Dilution is their only cash source. At best they're terrible forecasters and having other undisclosed difficulties/delays delivering on contracts, but more likely the whole Turkey thing is bogus.
What about the bogus PR blaming sp on COVID-19? They willfully diluted the sp and did so while under NASDAQ probation! Takes some balls to blame COVID-19 for that.
Oh don't forget their forecast that TRNF would commence trading at $1 and would act to quickly uplist to a major exchange? Total BS, especially now that TRNX has been dumped to OTC. General rule with NASDAQ re-listing is $4 and three straight years profitability.
Could go on and on. Only upside for me is Turkey revenues actually coming to fruition. More likely they run out of cash, can no longer dilute and TRNX/TRNF are bankrupt in 2021 at latest.
How has this last conference call been proven bogus?
So far, every TRNX/TRNF conference call, PR and forecast has proved bogus. Why believe them now? These guys belong in prison.
The past is not a predictor of the future. The business is doing a wonderful job with acquisitions and expansion in the United States. And then there's the international developments. The Turkish Government purchase agreements alone are worth $400 million, let alone developments in the EU, Bahrain, Central Asia, Central America, etc. None of those things were happening in the past. The stock market is a forward-looking mechanism.
They’re running a multi million dollar deficit every quarter, now please tell me how that’s undervalued?
It's a wonderful business. One of the most undervalued businesses in the market right now, to be completely honest.
Yeah, it's the biggest hidden gem out there, in my opinion. I truly believe the sky is the limit. They have a wonderful product that's operating in an essential industry. I wouldn't be surprised if this is a $500 million business a year from now. From there, everything will only be on the upswing. Highly recommend buying and holding this one for years to come.
Yeh did my DD on this one when I went through the entire "T" category on OTC markets. Not sure how many he can get out the door to Turkey this year but looks good at 5M a pop (revenues).
This is an amazing business that is *tremendously* undervalued right now. The market is pricing it at about $20 million, but its book value alone is about $30 million. Revenues are growing exponentially. The management and board members all have significant skin (shares) in the game. It is growing both domestically and internationally. I have read the prospectus and all the documents on SEC related to this one, and I truly believe this has a billion dollar market cap potential (50-bagger).
I highly advise everyone do their research on this one ($TRNF). It recently spun off from the parent ($TRNX), so make sure you don't get the two confused. The CEO is running both companies, but the really exciting part of the enterprise is in the company that's been spun-off, Taronis Fuels ($TRNF).
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The Company is also working to complete all of the required permitting paperwork with the
Port of Amsterdam for the launch of a fully operation gasification facility in Amsterdam.
The process is expected to be completed in late third quarter.
During that time, Taronis will begin to customize a second gasification unit for end use in Europe.
Taronis is also working with the government of El Salvador to develop an entirely new fuel product intended to replace propane for residential uses.
TRFN
Taronis Fuels, Inc.
We are a renewable fuel and power generation company. Our primary business objective is the production of sustainable,
socially responsible alternatives to existing fossil fuel and industrial gas products.
Our first commercially competitive product is a metal cutting fuel called "MagneGas".
MagneGas is a proprietary synthetic gas comprised primarily of hydrogen that is produced by the Company from
its Venturi Flow Submerged Plasma Arc Gasification Units ("Gasification Units").
We sell MagneGas, Gasification Units, other specialty gases and ancillary products globally.
16165 N. 83rd Avenue
Suite 200
Peoria, AZ 85382
Taronis Fuels Inc (OTCMKTS: TRNF) has been moving up steadily in recent days since a brief dip below a dime.
The stock is highly liquid and is starting to get a lot of attention at current levels.
TFNF hit the OTCBB after being spun off from Taronis Technologies, Inc., (NASDAQ: TRNX)
a NASDAQ Company currently trading at around $0.30. TRNF initially skyrocketed to $0.51 highs before coming back down to current levels.
Taronis Fuels Inc (OTCMKTS: TRNF) is a clean technology company offering better technology solutions to today’s renewable fuels
and sterilization problems by harnessing its proprietary clean gas technology.
Taronis owns the only patented venturi plasma arc technology that gasifies or sterilizes a wide number of liquids and liquid wastes into a sustainable,
green metal-cutting gas caled MagneGas.
Adoption of such unique gases is growing in major industries ranging from construction
and demolition to metal fabrication and first responders for emergency extraction situations.
Taronis’ patented Venturi Plasma Arc™ is based on flowing the target liquid waste through a submerged electric arc between two electrodes.
The arc breaks-down the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000 degrees F.
The Venturi moves the plasma away from the electrodes and controls the formation of the gas product that rises to the surface for collection.
Taronis’ MagneGas has a higher flame temperature than acetylene and has been independently certified at 10,500ºF; it can cut faster and cleaner,
with little to no slag and uses less oxygen than its competitors. More specifically, it can cut a two-inch steel plate at a rate of 18 inches per minute,
a full 38% faster than acetylene and 44% faster than propane. Additionally, it emits significantly less carbon dioxide (CO2) than competing gases.
On April 1 in a highly bullish move, the CEO and all independent members of the Board of Directors (as highlited in the form 4’s filed)
purchased just over 4 million shares of TRNF. CEO Scott Mahoney stated
“This transaction is intended to convey the faith and commitment our entire team has in the Company.
As we recently updated, our domestic operations are operating at a high level. Our international business is moving forward on all fronts,
despite the challenges presented by COVID-19.”
In a recent update to shareholders Taronis said its mobile gasification unit scheduled for shipment to
Ankara, Turkey is being commissioned as fully operational in Clearwater, Florida this week.
The unit will be shipped out from the port of Tampa within a week, and is scheduled to arrive in Ankara within 45 days of shipment.
The unit was sold for $5 million to a business development firm that successfully arranged a 30 unit, $165 million contract for a
country wide launch of MagneGas as a viable replacement in the Republic of Turkey.
The unit is expected to be commissioned in Ankara upon delivery in the second half of May.
This commissioning process is the final condition requested by the
Turkish Ministry of Energy and Natural Resources before the acceleration of the $18.75 in payments commence.
The first payment will be required for $4.7 million immediately after the commissioning process.
A second payment will be then accelerated to 30 days from the initial payment.
The third payment will be required approximately 90 days from the initial payment, when the 5 units are ready for shipment.
The remaining $4.7 million payment will be required immediately after the 5 units are commissioned in Ankara, likely in late September 2020.
Next, the Company has made meaningful progress in Bahrain with a global industrial gas provider.
The Company successfully demonstrated the ability to produce MagneGas in Bahrain for less than half the cost to produce acetylene using local market cost factors.
The Company is working to coordinate a final meeting with the regional executives of the prospective partner in order to secure approval to proceed.
The Company is also working to complete all of the required permitting paperwork with the Port of Amsterdam for the launch of a fully operation gasification facility in Amsterdam.
The process is expected to be completed in late third quarter. During that time, Taronis will begin to customize a second gasification unit for end use in Europe.
Taronis is also working with the government of El Salvador to develop an entirely new fuel product intended to replace propane for residential uses.
Taronis CEO Scott Mahoney commented: “We receive a number of inquiries related to our international expansion opportunities.Volume | |
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