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.
Power hour approaches and that valuation hasnt changed I hope if your short you started covering
Apply bid support and slap the ask guys it's your investment here not a few bad actors dont let them take away your money IMO.
Watch for the next leg up folks people are picking entrys and preparing to attack IMO like a shark circling ready to attack those slaps will start back fast and furious
Squeeze is coming .0163s up
.0163s smash the wall gets super model slim after that
.0159s up smash that wall
Let's go guys dont let the news sit by the wayside this is your investment are you gonna let a few bad actors take it away slap this thing clear 16s its go time
Huge hit on the 15s
Crush ETRF
Its every longs civic duty to hit all social media sites and make a post on axxa. Own the public forum and the market will follow. Also bring in that bid support and slap this puppy north all IMO.
Bring on the bid support and slap this thing north
Break .0138s we run
It dropped last night and had massive increases all around
Slaps will make the shorts run for covers here
Squeeze is a coming I hope they spent today covering lol set your sell orders on the moon this rocket ship needs a place to land so they can cover for our benefit imo. It's about to get expensive
Well yes and I believe that is without foward looking multipliers. I think REIT companys are like 10.2- 13.75
80.3 million in stockholder equity smells like a run is a coming
Power hour approaches. Drop the report and dust these shorts.
Those shorts better cover today it's about to get expensive. When the Q drops that squeeze is gonna get nasty. Follow it up with a research report and company valuation gosh. We may need to park our shares on the moon so covering is easy when that rocket blasts off.
Man that short squeeze is going to be awsome. Better get those covers before it happens. Only going to get more expensive by multiples
Wonder what happens when they have to cover. You cant buy short shares to cover
A short squeeze is about to happen thank you for confirming that this ticker does have a rather large short position held. I remembers time I saw a good short squeeze and coverings happened into the dollar range. Oh it's going to awsome
Just wait until those numbers drop today and the game changes
Monday morning opening bell is so close. Feels like Christmas eve. Just all excited waiting for presents. This time is a quarterly filing and 3rd party research report. So exciting for the week ahead and the bombs that are about to drop. ????????????????????????
Well if we think about this logically and shareholder equity from last fins was around .092 then you apply a 10x multiple to the same equity .90 does sound like a realm of possibilities. I believe foward looking multiples are 10.55- 13.9. Also taking into consideration that this quarterly will be better then the last and shareholder equity is probably closer to let's just guess and say .12 cents the math gets easier to get to .90 SP.
Push this drive guys slap the ask
Fake walls slap the ask watch it run away
Slap this thing
This is why I am here
Taronis Executes $165 Million Contract
Company to Sell Up to 30 Gasification Units to Turkish Gas Consortium
PHOENIX, AZ / ACCESSWIRE / July 22, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ: TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced a binding, definitive purchase contract for up to 30 gasification units on behalf of Taronis Fuels, Inc. The contract consists of an initial purchase of 15 units over 18 months. The contract also includes an option to purchase an additional 15 units over 18 months. If a minimum of 15 units are purchased, the purchaser will receive a perpetual license for the Turkish market to the counterparty.
Each gasification unit carries an upfront purchase price of $3.75 million, and would include a 10 year maintenance contract for an additional $1.75 million per unit. The overall contract also includes a perpetual 3% royalty on all gas produced. If all 30 units are purchased, the total value of the contract, excluding royalties would be $165 million. The Company estimates that Turkey may likely ultimately require approximately 75 units to service the entire economy.
The counterparty is a Turkish organization that has partnered with five of the largest industrial gas distributors in Turkey today. This consortium includes subsidiaries of two of the largest global competitors in the industrial gas industry. Executives from Taronis have been invited to present the patented Venturi Plasma Arc gasification technology and Taronis’ proprietary MagneGas metal cutting fuel product at a senior, multi-departmental government meeting in Ankara in the coming weeks. The purpose of this meeting would be to present the safety, environmental, and economic benefits of the combined Taronis technology.
Once this meeting is complete, the Company plans to provide the Turkish regulatory agencies with the necessary information already available for its US operations, as well as the additional testing being conducted in Germany to satisfy the European Union regulatory process. It is expected that Taronis may be able to clear all necessary permits in Turkey during the fourth quarter, which is a condition of initial payment by the buyer. Once this regulatory condition is satisfied, a 25% cash deposit must be made on the initial purchase order within 60 days.
“This has the potential to be a financially transformational opportunity for our Company,” commented Scott Mahoney, CEO of Taronis. “We anticipate that this transaction has the potential to provide Taronis Fuels with the funding we desire to continue to execute both our US and our international expansion plans for the next several years.”
“This also has tremendous financial implications for Taronis Technologies, as it would receive a 7% royalty from Taronis Fuels on this contract, which could result in more than $11 million in net proceeds due back to the parent company. We would partially look to use these funds to support our various water conservation technology projects. We would also look to set aside up to half of these proceeds to execute a share buyback program for Taronis Technologies.”
“We have cultivated this relationship for almost a year, and we are grateful for the opportunity to partner with industry leaders that represent the best in class industrial gas operators not only in Turkey, but globally. We believe this has the potential to be replicated in many other markets,” Mr. Mahoney continued.
“Our primary objective in our upcoming meetings in Ankara would be to demonstrate the overwhelming superiority of MagneGas relative to acetylene. First, our technology offers a significant environmental benefit. With a zero water footprint, our product can help reduce the massive water pollution issues caused during acetylene production. Globally, acetylene production contaminates 3 billion gallons of fresh water annually.”
“Second, our gas is a fundamentally safer alternative to acetylene, which can be lethal, as the Turkish government knows all too well. Just this past January, a tragic acetylene explosion and fire at shipyard in Tuzla, Istanbul killed two and badly injured nine. Our product has the potential to save lives by preventing future events like this from happening.”
“Third, our gas offers major improvements in cutting speed, up to 70% compared to acetylene. This translates into sizable reductions in labor costs, providing lasting economic benefit. We hope to deliver a compelling message that our technology is cleaner, safer, and economically superior, and that MagneGas should be used in lieu of acetylene across all of Turkey. We plan to address this contract among other developments during our upcoming conference call in August.” concluded Mr. Mahoney.
Tick tock tick tock the 20th is tight around the corner. Financial reports drop and independent research report validating fins and fair value of the company.
Lol probably.
I tired to read my message and it hardly made sense. I would still like to see a green back break today tho. We shall see alot of time left in the day here
I thing this thing goes I believe I saw here be it a article with interview or on conference call that the ceo stated as soon as they received the Turkey money they would be buying back as many shares as the board approved. Also the turkey deals and other deals for the gas units seem likely to take off and scale quickly. Chart aside this company seems to have a plan and a new ceo that plans to execute
Nice churn now we just need some snap volume in the 90s to force some quick covers
About to pop the champagne boys and girls
Anyone short better cover or I see a second mortgage in your future all imo of course
Told you edge of the seat is where the shorts are sitting right now it breaks a dollar things get interesting quick
Yeah haw let's goooo!!!!!!!!!!!
Extensions are almost always granted the first one
Probably puckered up watching as it almost clipped a buck yesterday and they spent all day keeping the macd from really opening up after the morning run and that huge dip after .95 cents. Also if you watch trading take place we have alot of ask refills one tick lower after clearing just to throw some red on the chart.
I saw the rs but have read that the ceo stated in a interview he and management didn't want to rs and would only do it out of necessity to obtain the 1 dollars sp. Also the vote for rs is still a few days out hence my hold right now. If she cracks a buck I see it getting very very interesting if she doesnt oh well