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Taronis Technologies (TRNX)
0.032 ? -0.0023 (-6.71%)
Volume: 636,711 @09/04/20 3:57:55 PM EDT
Bid Ask Day's Range
0.031 0.034 0.03 - 0.037
TRNX Detailed Quote
TRNX .0391,load BIG people NOW
Security Issuer (CUSIP) 876214: BBHC, Inc. [ formerly Taronis Technologies, Inc. ]
Money Managers who own this Issuer’s Securities or Options on them
CUSIP 876214·10·7
Common
– No Money Managers – List all Filings
?Next ?Up
CUSIP 876214·20·6
Common New List all Filings
?Next ?Up Shares Held at Quarter Ended
3/31/20 ?% 12/31/19 ?% 9/30/19 ?%
Total: 2,171,815 +81 1,199,839 +10 1,087,835 +++
PA Vanguard Group Inc 707,711 – 707,711 +22 582,236 +++
IL Citadel Advisors LLC (with Others) 535,049 +++ – – – –
Flag of United Kingdom emoji Gsa Capital Partners LLP 257,583 +++ 15,988 +29 12,365 +++
MA Geode Capital Management, LLC 201,123 +32 152,240 +69 90,118 +++
NY Renaissance Technologies LLC 186,100 +++ – – – –
Flag of Switzerland emoji UBS Group AG 115,310 +++ – – – –
IL Northern Trust Corp (with Others) 33,358 – 33,358 +81 18,446 +++
PA Janney Montgomery Scott LLC 30,000 +++ – – – –
FL Raymond James & Associates 25,400 +++ – – – –
NY BlackRock Inc. (with Others) 21,385 +8 19,738 +++ – –
IL Harvest Investment Services, LLC 20,000 +++ – – – –
NY Levin Capital Strategies, L.P. 20,000 +++ – – – –
NY HRT Financial LLC 12,440 +++ – – – –
OH Victory Capital Management Inc 5,449 +++ – ---- 2,810 +++
IN Valeo Financial Advisors, LLC 400 – 400 +++ – –
CA Wells Fargo & Company/MN (with Others) 221 +++ – – – –
AZ Advisor Group Holdings, Inc. (with Others) 160 +++ – – – –
AZ Advisor Group, Inc. (with Others) NA 159 – 159 +++
PA PNC Financial Services Group, Inc. (with Others) 100 – 100 – 100 +++
Flag of Switzerland emoji Compagnie Lombard Odier SCmA (with Others) 20 – 20 – 20 +++
NC Bank of America Corp/DE (with Others) 6 -99 1,183 +++ 6 +++
FL Ladenburg Thalmann Financial Services Inc. (with Others) NA 1 – 1 +++
Flag of United Kingdom emoji Oxford Asset Management LLP – ---- 162,962 +++ – –
NY A.R.T. Advisors, LLC – ---- 105,814 -58 252,459 +++
NY Edge Wealth Management LLC – ---- 150 -63 400 +++
Flag of Canada emoji Royal Bank of Canada (with Others) – ---- 15 – 15 +++
NY Virtu Financial LLC (with Others) – – – ---- 99,065 +++
NY Jane Street Group, LLC (with Others) – – – ---- 19,135 +++
CT Verition Fund Management LLC – – – ---- 10,500 +++
Money Managers: 22 +47 15 -6 16 +++
TRNX hands changed here,breaking .05 and wowza after
TRNX weekly chart 1000%% spike,load fellas,you gonna miss big time,FORMER NASDAQ here
TRNX .0425,volume pouring fast here,GONNA SPIKE 1000%% on weekly chart,check it fast
TRNX .0425,RSI 38.51 ,stochastics will EXPLODE high,load fast now http://www.stockta.com/cgi-bin/analysis.pl?symb=TRNX&cobrand=&mode=stock
TRNX .042 now,1000%% spike,weekly chart is bottom huge reversal .41 cents
Trnx breaking .05 and noting above
$TRNX nice looking bouncer. Former Nasdaq co. & they receive royalties. Share structure is maxed like Aureus Inc. was just last week. Upcoming name/ticker change as well and more assets than liabilities w/ only $11k debt!
7% ROYALTY
FOR FIVE YEARS
TRNF MAGNEGAS
IPO Peter Molloy
BOARD MEMBER
http://tarustx.com MEDICAL
$TRNX nice looking bouncer. Former Nasdaq co. & they receive royalties. Share structure is maxed like $arsn was. Upcoming name/ticker change as well and more assets than liabilities w/ only $11k debt! $aawc $aimh $bpsr $brtxq $cyio $grnf $medh $uapc $opti $rlftf $rvdo $sthc $tlss https://t.co/RvUyC8U2dI
— DatDude (@10BaggersOnly) August 27, 2020
Lol this scam is changing names again to carry on the scam
Glad that cat is out of the bag
swing trade here bud and goodbye soon
There was no sale and no cash involved. Fat Scotty transferred debt to TRNF from dead money TRNX/BBHC and further diluted TRNF by an unannounced amount of shares (PR neglects to mention sp). Also, the prior deal had TRNX receiving royalties in perpetuity, which will now end after 5 years. In the TRNX/BBHC PR, fat Scotty again blamed Covid-19 for the demise of TRNX, when truth is he willfully killed it with max dilution. He belongs in prison.
TRNX~~Taronis Fuels Buys All Licensed Intellectual Property for $1.25 Million https://www.globenewswire.com/news-release/2020/08/20/2081379/0/en/Taronis-Fuels-Buys-All-Licensed-Intellectual-Property-for-1-25-Million.html
Yes I read that when it came out thanks. I'm in this from $4.74 and keep averaging down. It never ends. LOL.
Thanks for you DD's.
will come anytime read here Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 2, 2020, Taronis Technologies, Inc. (the “Company”) filed a Certificate of Amendment to Certificate of Incorporation (the “Certificate of Amendment”) with the Delaware Secretary of State to effect a name change to “BBHC, Inc.” (the “Name Change”), and the Name Change became effective in accordance with the terms of the Certificate of Amendment on June 2, 2020 (the “Effective Time”).
The Company’s transfer agent, Corporate Stock Transfer, is the agent for the Name Change and will correspond with stockholders of record who desire to have their stock certificates updated to reflect the Name Change. It is not mandatory for stockholders to exchange their certificates for revised certificates reflecting the Name Change. Stockholders owning shares via a broker or other nominee will have their accounts automatically adjusted to reflect the Name Change. Additionally, in connection with the Name Change the Company has requested its ticker symbol be changed to “BBHC”.
The new CUSIP number for the Company’s common stock following the Name Change is 05551M103.
The foregoing description of the Certificate of Amendment does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Certificate of Amendment, which is attached as Exhibit 3.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
When will it become BBHC did they annouce?
new symbol BBHC
TRNX gonna run monsta starting next week
TRNX is HUGE Scott Mahoney is a businessperson who founded Catalyst Corporate Solutions LLC and who has been at the head of 7 different companies. Presently, Mr. Mahoney occupies the position of President, Chief Executive Officer & Director at Taronis Fuels, Inc., Chief Executive Officer & Managing Member at Vast Exploration LLC, Chief Executive Officer for Vast Petroleum Corp. and President, Chief Executive Officer & Director at BBHC, Inc.
https://www.marketscreener.com/business-leaders/Scott-Mahoney-0B39HL-E/biography/
and revenue Taronis Fuels, Inc https://www.globenewswire.com/news-release/2020/08/17/2079275/0/en/Taronis-Fuels-Releases-Record-Second-Quarter-Results-of-Operations.html
Looks like a lot of DD by you thanks. Are the changing the ticker name any soon?
Another New low 0.01xx will be created in the next week after today's New low $0.0227!
The CEO is a Crap and Liar and he has done Numerous security crimes to the public investors...
bids moving up,next week will be wild,huge oversold TRNX
This has been a quicksand for me and many others.
Where's that guy who kept preaching in most every post that you buy and hold this for a long long term for 10 years or more gone when this was trading at $5 range?
He meant hold long term until you die and can't ask where your money went.
TRNX~~In addition to the Purchase Price, the Company agreed for a period of five (5) years beginning on August 19, 2020 to make ongoing payments to BBHC equal to seven percent (7%) of all gross cash receipts received by the Company that are derived from the purchased Intellectual Property (the "Contingent Payments")
TRNX~~ITS HUGEE The Company ( Taronis Fuels, Inc) was required pay to BBHC, on a monthly basis, a seven percent (7%) royalty on any net cash proceeds received by the Company in relation to the use of any Intellectual Property comprising the Licensing Agreement.
and here is the revenue Taronis Fuels, Inc
https://www.globenewswire.com/news-release/2020/08/17/2079275/0/en/Taronis-Fuels-Releases-Record-Second-Quarter-Results-of-Operations.html
TRNX~~HUGE HERE Taronis Fuels, Inc. TRNF United States TARONIS FUELS, INC. (TRNF) 09:02a TARONIS FUELS, INC. : Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (form 8-K)
AQ
08/20 Taronis Fuels Buys All Licensed Intellectual Property for $1.25 Million
GL
08/19 TARONIS FUELS, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions
Summary News Press Releases Official Publications Sector news
TARONIS FUELS, INC. : Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (form 8-K)
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08/21/2020 | 09:02am EDT
Item 1.01 Entry into a Material Definitive Agreement.
On August 19, 2020, Taronis Fuels, Inc., a Delaware corporation (the "Company"), entered into a Purchase Agreement (the "Agreement") with BBHC, Inc., a Delaware corporation ("BBHC"), pursuant to which the Company acquired the intellectual property portfolio of BBHC (excluding any intellectual property related to Water Pilot, LLC which was specifically excluded from the Agreement) (the "Intellectual Property"). In order to consummate the acquisition of the Intellectual Property, the Company purchased from BBHC all of the Intellectual Property directly owned by BBHC (the "BBHC IP") and all of the issued and outstanding membership interests (the "Membership Interests") of MagneGas IP, LLC, a Delaware limited liability company and wholly owned subsidiary of BBHC ("MagneGas IP"), a holding company which owned the balance of the Intellectual Property. Following the consummation of the transaction, MagneGas IP became a wholly owned subsidiary of the Company.
The Company paid an upfront aggregate purchase price to BBHC of $1,250,000 (the "Purchase Price") for the BBHC IP and Membership Interests, of which $1,000,000 was paid in the form of the Company's restricted common stock, par value $0.000001 per share, which was valued as of the fair market value on August 19, 2020 as reported on the OTCQB. The additional $250,000 of the Purchase Price was credited to the Company for assuming up to $250,000 of BBHC's aged accounts payable due to third party service providers (the "Assumed Accounts Payable"). In addition to the Purchase Price, the Company agreed for a period of five (5) years beginning on August 19, 2020 to make ongoing payments to BBHC equal to seven percent (7%) of all gross cash receipts received by the Company that are derived from the purchased Intellectual Property (the "Contingent Payments"). However, in the event the Company assumes or pays any liabilities of BBHC in excess of the Assumed Accounts Payable (the "Excess Payments"), the Company shall be entitled to deduct such Excess Payments from any Contingent Payments due to BBHC during the five (5) year period. Based upon two independent third-party valuations, the Company and BBHC determined that the Purchase Price and Contingent Payments will provide for total compensation to BBHC equal to the approximate net present value of the Intellectual Property as of August 19, 2020.
The Purchase Agreement contains customary representations, warranties, and covenants of the Company, as well as a mutual indemnification provision.
The foregoing description of the terms of the Agreement, and the transactions contemplated thereby, does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed hereto as Exhibit 10.1 and incorporated by reference into this Item 1.01.
Item 1.02 Termination of a Material Definitive Agreement.
Pursuant to the Agreement, effective as of August 19, 2020 the Company and BBHC agreed to terminate the Amended and Restated License Agreement (the "License Agreement") between them, dated as of April 17, 2020, under which BBHC licensed to the Company certain of its Intellectual Property that it owned prior to the consummation of the Agreement. The Company and BBHC determined to terminate the License Agreement following the Company's acquisition of the Intellectual Property because BBHC would no longer own the certain Intellectual Property subject to the License Agreement.
The material terms of the License Agreement included: (a) the Company's exclusive worldwide rights to manufacture and distribute the proprietary metal cutting fuel MagneGas® as well as any other gases created using the equipment and methods claimed by BBHC's patents, (b) certain other rights related to the Company's use of BBHC's trademarks, patents, software and other intellectual property and (c) the Company's ability to commercially manufacture and sell the Venturi® Flow Submerged Plasma Arc Gasification Units for the creation of gases. The Company was required pay to BBHC, on a monthly basis, a seven percent (7%) royalty on any net cash proceeds received by the Company in relation to the use of any Intellectual Property comprising the Licensing Agreement.
The Company did not incur any penalties associated with the termination of the Agreement.
The foregoing description of the terms of the License Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the License Agreement, a copy of which was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on April 17, 2020 and is incorporated by reference into this Item 1.02.
Item 2.01 Completion of Acquisition of Disposition of Assets.
To the extent required by Item 2.01, the disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.
Item 3.02 Unregistered Sales of Equity Securities.
Pursuant to the Agreement, on August 19, 2020, the Company issued 7,092,199 shares of restricted common stock to BBHC. The shares of restricted common stock were issued in reliance upon an exemption from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Purchase Agreement, dated as of August 19, 2020, between BBHC,
Inc. and Taronis Fuels, Inc.
© Edgar Online, source Glimpses
TRNX~~1-Year Forecast *?1.187 USD https://walletinvestor.com/stock-forecast/trnx-stock-prediction
TRNX huge money will pour here from WATER PILOT, LLC https://gowaterpilot.com/case-studies/
TRNX~~Water Pilot® provides positive cash flow from day one. The system mitigates water and sewer annual cost increases, lowers hot water heating costs and helps to extend the lifetime of appliances and plumbing systems. Additionally, the Water Pilot is maintenance free and pays for itself in 12 to 24 months!
https://gowaterpilot.com/
TRNX new symbol BBHC ,a d DEBT free
TRNX~~its HUGEE,sold the assets for Nets $1.25 Million and will recieve 7%% additional contingent payments for five years from the buyers revenue
PHOENIX, AZ , Aug. 20, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), a sustainability technologies company, announced that it has sold its wholly-owned subsidiary MagneGas IP, LLC for $1.25 million in upfront consideration, plus additional contingent payments for five years.
BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/
TRNX~~new website https://gowaterpilot.com/
$TRNX THAN YOU FOR UPDATING
RE;
TRNX~~BBHC Sells Patent Portfolio BBHC Sells Patent Portfolio
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August 20, 2020 09:00 ET | Source: BBHC, Inc.
Company Nets $1.25 Million in Upfront Consideration,
Secures Conditional Payments for Five Years
PHOENIX, AZ , Aug. 20, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), a sustainability technologies company, announced that it has sold its wholly-owned subsidiary MagneGas IP, LLC for $1.25 million in upfront consideration, plus additional contingent payments for five years. The sale constitutes a divestiture of all of the Company’s legacy intellectual property and patent portfolio.
As part of the transaction, the Company secured capital resources to continue to clear outstanding and potential near term liabilities. In addition, the transaction provides that in the event the intellectual property portfolio sold generates any revenues, royalties, partnership or other form of income directly attributable to the patented technology, the Company shall receive a commission of seven percent of the revenues received by the buyer.
“We believe this is a positive next step for the Company,” commented Scott Mahoney, CEO of BBHC. “The Company has experienced a near-total loss in business prospects due to the COVID-19 pandemic. Consequently, the Company made the difficult choice to begin systematically liquidating its remaining assets to continue to clear its liabilities and obligations. The lack of certainty around the timing of potential royalty payments that we previously anticipated having received by now forced us to seek some immediate value for our intellectual property without any further delays.”
“While we are disappointed that we can no longer pursue our goals for water sterilization and other potential applications for the patent portfolio, we feel this is the best path to provide for potential future shareholder value. The seven percent contingent payment for the next five years could provide significant value to the Company. Once we clear our liabilities and obligations, we hope to utilize those possible future payments to best convey value to shareholders through all available options, including a share buyback, cash dividend, buyout, reverse merger, or go private strategy. All strategic alternatives will be considered in due time,” concluded Mr. Mahoney.
About BBHC, Inc.
BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.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@TaronisTech.com
Related Articles
More articles issued by BBHC, Inc.
More articles related to:
Press releases
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My posts are NOT a buy/sell recommendation, Do your Own DD, before you buy any stock - I reserve the right to buy/sell any stock
TRNX new entity About BBHC, Inc.
BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/
TRNX~~BBHC Sells Patent Portfolio BBHC Sells Patent Portfolio
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August 20, 2020 09:00 ET | Source: BBHC, Inc.
Company Nets $1.25 Million in Upfront Consideration,
Secures Conditional Payments for Five Years
PHOENIX, AZ , Aug. 20, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), a sustainability technologies company, announced that it has sold its wholly-owned subsidiary MagneGas IP, LLC for $1.25 million in upfront consideration, plus additional contingent payments for five years. The sale constitutes a divestiture of all of the Company’s legacy intellectual property and patent portfolio.
As part of the transaction, the Company secured capital resources to continue to clear outstanding and potential near term liabilities. In addition, the transaction provides that in the event the intellectual property portfolio sold generates any revenues, royalties, partnership or other form of income directly attributable to the patented technology, the Company shall receive a commission of seven percent of the revenues received by the buyer.
“We believe this is a positive next step for the Company,” commented Scott Mahoney, CEO of BBHC. “The Company has experienced a near-total loss in business prospects due to the COVID-19 pandemic. Consequently, the Company made the difficult choice to begin systematically liquidating its remaining assets to continue to clear its liabilities and obligations. The lack of certainty around the timing of potential royalty payments that we previously anticipated having received by now forced us to seek some immediate value for our intellectual property without any further delays.”
“While we are disappointed that we can no longer pursue our goals for water sterilization and other potential applications for the patent portfolio, we feel this is the best path to provide for potential future shareholder value. The seven percent contingent payment for the next five years could provide significant value to the Company. Once we clear our liabilities and obligations, we hope to utilize those possible future payments to best convey value to shareholders through all available options, including a share buyback, cash dividend, buyout, reverse merger, or go private strategy. All strategic alternatives will be considered in due time,” concluded Mr. Mahoney.
About BBHC, Inc.
BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.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@TaronisTech.com
Related Articles
More articles issued by BBHC, Inc.
More articles related to:
Press releases
TRNX~~https://magnegas.com/
TRNX .03/.032 falling fast
TRNX crazyy cheap here,was 52WK RANGE 0.0227 - 3.30
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