Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dropped to check in. Good to see the old crew still here.
Thanks
Let’s do this!
Bullish
Production increase is this month when they add the hammer mill going to 450 tpd, right?
Happy for you all! Good luck! Back to holding and lurking. Cya
Just checking in. This is still in my portfolio so here I am. Holding until that time of year where the loss may help on taxes. I’ll decide in December. Here hoping till then. GLTA
Sorry, lmao
It was a joke. Been away for awhile i thought I’d come back with a bang.
Well I finally got my IQST shares in my brokerage acct from the MSPC reverse merger that was promised so I thought I’d drop in and say “Hi”
Hey! Long time no see. Glad to see the old gang still here.
Is that your prediction for the bottom?
Just checking around the all haunts. Pretty much the same. Check again later.
Still here, still watching, still pulling for all of us, always. Just don’t post much anymore. GLTA
Cash burn rate very high, failing offering, looks to pump and dilute soon.
52 week low? Coincidentally is the all time low. Anyone see any near future catalyst to move this? I’d hate to wait on year end fins.
5 zeros in front of 1. Holy mother of pearl! I know a “point” and a “tick” but WTF is .000001 called?
I bought it in early July @.124 pre r/s. Have an .85 average now. I’m good.
Yes, I’m out of Mspc for now. I’ll buy back if news warrants in the future.
I can’t send a private message. If you are on ST I have the same name.
As trnx goes, lots of room to run next week.
Information contained herein is subject to completion or amendment. A Registration Statement on Form 10 relating to these securities has been filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.
Subject to Completion, dated November 8, 2019
INFORMATION STATEMENT
TARONIS FUELS, INC.
Common Stock
($0.000001 par value)
Taronis Technologies, Inc., (“Taronis Technologies”) is sending this Information Statement (“Information Statement”) to its shareholders in connection with the distribution by Taronis Technologies of 100% of the outstanding common stock of Taronis Fuels, Inc. (“Taronis Fuels”) to holders of Taronis Technologies’ common stock. As of the date of this Information Statement, Taronis Technologies owns all of Taronis Fuel’s outstanding common stock.
On June 24, 2019, Taronis Technologies’ Board of Directors approved a plan to pursue a separation of its gas and welding supply retail business from Taronis Technologies through a spin-off, which will result in the distribution of 100% of Taronis Technologies’ interest in Taronis Fuels to holders of Taronis Technologies’ common stock. Holders of Taronis Technologies’ common stock will be entitled to receive five (5) shares of Taronis Fuels common stock for every one (1) share of Taronis Technologies common stock held as of 5:00 p.m., New York City time, on the record date, November 29, 2019. The distribution date for the spin-off will be on or about December 5, 2019. Immediately after the distribution is completed, Taronis Fuels will be an independent, publicly traded company. The distribution is being conducted on a pro rata basis to the Taronis Technologies shareholders in a manner that is intended to be tax-free for United States federal income tax purposes.
You will not be required to pay any cash or other consideration for the Taronis Fuels common stock that will be distributed to you or to surrender or exchange your Taronis Technologies common stock to receive Taronis Fuels common stock in the spin-off. The distribution will not affect the number of Taronis common stock that you hold. No approval by Taronis Technologies shareholders of the spin-off is required or being sought. You are not being asked for a proxy and you are requested not to send a proxy.
As discussed under “The Spin-off–Trading Between the Record Date and Distribution Date,” if you sell your Taronis Technologies common stock in the “regular way” market after the record date, but before or on the distribution date, you will be selling your right to receive Taronis Fuels common stock in connection with the spin-off. You are encouraged to consult with your financial advisor regarding the specific implications of selling your Taronis Technologies common stock before or on the distribution date.
Taronis Fuels common stock is not publicly traded and there is currently no public market for its common stock. Taronis Fuels will file a Form 211 with the Financial Industry Regulatory Authority (“FINRA”) and apply to have its common stock authorized for quotation on the OTCQB market of the OTC Markets Group, Inc. but there are no assurances that its common stock will be quoted on the OTCQB or any other quotation service, exchange or trading facility. An active public market for its common stock may not develop or be sustained after the distribution. If an active public market does not develop or is not sustained, it may be difficult for its stockholders to sell their shares of common stock at a price that is attractive to them, or at all. Taronis Fuels intends to request the symbol “TRNF” to be issued in connection with the initiation of quotation on the OTCQB. Assuming Taronis Fuels’ application for quotation is approved, Taronis Fuels expects that a limited market, commonly known as a “when-issued” trading market, for its common stock will begin prior to the distribution date on the record date, November 29, 2019, and Taronis Fuels expects that “regular way” trading of its common stock will begin the first day of trading after the distribution date, on or about December 5, 2019. Following the distribution date, Taronis Fuels intends to apply to up list its common stock to The NYSE American (“NYSE American exchange”) exchange under the symbol “TRNF” and expects such up listing to occur within six months of the distribution date, but there is no assurance that its common stock will be listed on the NYSE American.
In reviewing this Information Statement, you should carefully consider the matters described under the caption “Risk Factors” beginning on page 14 of this Information Statement.
Neither the Securities and Exchange Commission, or SEC, nor any state securities commission has approved or disapproved these securities or determined if this Information Statement is truthful or complete. Any representation to the contrary is a criminal offense.
This Information Statement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Taronis Technologies first mailed or made this Information Statement available electronically to its shareholders on or about November 29, 2019.
The date of this Information Statement is ___________, 2019.
Scott Mahoney
Chief Executive Officer
____________, 2019
Dear Taronis Technologies Shareholder:
We are pleased to inform you that the board of directors of Taronis Technologies, Inc. (“Taronis Technologies”) has approved a plan to pursue a separation of its gas and welding supply retail business from Taronis Technologies through a spin-off of its wholly owned subsidiary, Taronis Fuels, Inc. (“Taronis Fuels”). Taronis Technologies will distribute the shares of Taronis Fuels as a dividend to shareholders of Taronis Technologies on or about December 5, 2019. We expect the Taronis Fuels common stock to be quoted on the OTCQB of the OTC Market Group under the symbol “TRNF” at the time of the spin-off and, assuming such quotation, we expect to up list the Taronis Fuels common stock from the OTCQB to The NYSE American (“NYSE American exchange”) under the symbol “TRNF” within six months following the spin-off date.
As a current shareholder of Taronis Technologies, you will receive five (5) shares of common stock of Taronis Fuels for every one (1) share of common stock of Taronis Technologies that you own and hold as of the record date so long as you continue to hold your shares on the distribution date, as further described in the enclosed Information Statement. Shareholder approval of the distribution is not required, nor are you required to take any action to receive your shares of common stock of Taronis Fuels.
Following completion of the spin-off, common stock of Taronis Technologies, which will continue as a leading clean technology company with a particular emphasis on the water related technology industry, will continue to trade on the Nasdaq Capital Market, subject to Taronis Technologies continued compliance with the Nasdaq Listing Rules, under the symbol “TRNX.”
We invite you to learn more about Taronis Fuels by reviewing the enclosed Information Statement, which describes the spin-off and Taronis Fuels in detail and contains important information about Taronis Fuels, including historical audited and unaudited condensed combined carve-out financial statements.
Thank you for your continued support of Taronis Technologies and your future support of Taronis Fuels.
Sincerely,
Scott Mahoney
Chief Executive Officer
Enclosure
Taronis Technologies, Inc.
300 W. Clarendon Avenue, #230
Phoenix, Arizona 85013
United States
Tip T. R. N. X
I’m making quick money elsewhere and loading up on a stock dividend company with major contract news coming by Turkey day. I’m sure I’ll be able to buy back in at the same price a week later.
Well it took a couple of months but I bled off my position here at 1 and some 2s. Good luck everyone!!
With the float basically locked up now how is 9.9 million more shares gonna help? If major players buy up the offering between $1-$3 over the next year we still won’t have any volatility, float still remains locked up. Just pondering the future.
Why is the bid at .131? Why hasn’t anyone bid more? Why haven’t I??
To do list tomorrow......raise bid!!!
You never know. Someone may have a fat thumb.
Actually got more news/info when stop and yield signs were up that when pink current now.
News here moves at glacial speed.....try to keep up.
"In the following days"
"In the following days"
"In the following days"
........
In since July 3rd. Actually still hold some at.124 with that brokerage. Missed the .98 run due to travel but at that time I was holding for spin off and didn’t set a sell limit. I’ve been adding since with 2nd brokerage acct thinking history will repeat at actual spin off time.
With 29% short interest any contract news sends this above $5 just prior to stock dividend. I’m loading, albeit slowly and cautiously. GL
I appreciate the info but I quit trying to chart this to that extent. It just simple volume indicator for me at this point.
Quad 0
.131, big difference! Lol
LMAO
If you can hold 1,000,000 shares bought at .0001 until it reaches $9 you got balls of steel and ice in your veins.
I’ll be lucky if I can hold past.0029
Got it, thanks. No more snooze, we have 2s! Lol
Good DD, thanks.