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Just wanted to point something out. This is a nasdaq stock, so it is suppose to be over a dollar. There is really no good reason for it to be as low as it is. I ask you this, would you expect to be able to buy into a company that generates $750m in revs for under a buck. So start thinking of selling when it hit fair value.
You didn’t keep any?
$6.50 is a target price
Dont let claytrader come back and tell everyone something we all know. Resistance is .83. Break it and we get full penny move
.83 and we break a buck on a run. Then the company drops news. Now they can keep a couple rounds in the chamber and use them to make the biggest impact.
At some point soon the shorts will be out and the manipulators will be in to scare people out of shares so they can cash in on the companies buyback plan. This is why the company doesn’t want to RS. They can buy back fewer share and have a bigger impact on the share price.
This is good action. Building support each time we have a pull back. Plus the volume being at 40k+ adds strength to the support. Your just going to have to tighten your seat belt and go for the ride. Everyone knows the time table. Two week for the huge payout!
Bang past .83 and it runs to $1.83
You guys all know how things work in the market. Once it hits a buck its going to move at 1-2 cents at a pop.
Stocktwits board is awful chatty about taronis tech.
No noise is good news!!!
It happened to me last week. Except i was posting on the wrong board. Ticker sym. Was off by one letter. And i posted “ typical ihub bullshi$” opps.
Posts are still there
Today is the last day to get cheap shares. I think we should get a bit of a run up to the bell. Close at $.47-.50 just to get the weak handed to give shares away and then news starts on monday. A big move should start next week. Good luck to the little guy.
Believe this is whats happening, too many shareholders and not the right ones. Big time investors want this stock but don’t want to big the share price down any lower than this. So no bashing, no pumping, no news. They ate betting on people getting bored and giving their share away at an already huge discount.
Im sorry, wrong board
Taronis Technologies poised to turn a financial corner, CEO says
"We have cash on hand," CEO Scott Mahoney said. "We are essentially profitable."
By Malena Carollo
Published
2 days ago
Updated
2 days ago
PINELLAS PARK — The financial tides have turned for Pinellas Park-based Taronis Technologies, CEO Scott Mahoney said on an investors call Monday.
Earlier this year, the alternative fuel company was at risk of being removed from Nasdaq stock exchange because of its low share price and fighting to continue operating through the end of the year. But now, in the company’s third quarter, Mahoney is optimistic.
"We have cash on hand," he said. "We are essentially profitable."
According to Mahoney, the company currently has $5 million in cash and just $750,000 in liabilities, a far cry from the $356,500 in cash as of March and a net loss of $6.1 million for the year's first quarter. The company has not yet filed its financial statement for the third quarter.
Taronis is best known for its metal-cutting fuel called MagneGas, which was previously the company name. It expects in the near future to spin off a company called Taronis Fuels Inc., which will encompass the fuel portion of its business. Taronis is about to double its MagneGas production capacity with a new machine in Flint, Texas. Currently, the company has two "plasma arc" units, which produce MagneGas, in Clearwater. The Texas plant will handle production for its California market before the company opens a new location in Sacramento, Calif. early next year.
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The company is also opening a MagneGas facility in Amsterdam shortly.
"That's the market we want to take from the competitors," Mahoney said.
Asked by an investor whether MagneGas would be available for home use at any point, Mahoney deflected, saying that the cost of producing the gas is currently "on par with propane."
"We absolutely want to sell 10 different kinds of MagneGas," he said. "We will call one a propane substitute."
MagneGas was involved in two explosions, one in 2015 and one in 2017, that each killed a worker handling the gas.
Mahoney said Taronis Fuels will be a public company that he hopes also will be listed on Nasdaq.
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Taronis was threatened with being de-listed from Nasdaq because it failed to keep its share prices above $1 for 20 consecutive days. The alternative-fuel company, Mahoney said, now has until Sept. 19 to keep its share prices at or above $1 to maintain its listing. Nasdaq also asked the company's shareholders to vote on a reduction of available shares in the company, known as a "reverse split."
"If our share price satisfies the minimum compliance, management has no intention of doing a reverse split," Mahoney said.
Beyond fuel, Taronis is working to move into rehabilitating water bodies from invasive bacteria and cleaning water to remove agricultural waste.
As of the end of July, Ermanno Santilli, the company's former CEO who was ousted from his position as chief technology officer in June, resigned from the company's board.
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"Thank you for the opportunity to serve on the board of directors," he said in a resignation letter.
Taronis shares were trading at about 47 cents mid-Tuesday.
Contact Malena Carollo at mcarollo@tampabay.com or (727) 892-2249. Follow @malenacarollo.
Type in Tampabay.com in google with Taronis
If i new how i would.
Not sure why it wasn’t put up on the news portion of this site. Only $750k in liabilities and $5m in cash on hand.
Check out the Tampa Bay Times article on Taronis.
A little unpredictability on the news would be nice though we seem to be getting news at 8 AM every single time way too easy to manipulate that way.
So based on that assessment, the only true loser of a reverse split would be the company and they definitely don’t wanna lose. Great for the shareholders but the company would rather bring the dollar up on its own without a reverse split so I expect to see a ton of great news coming soon.
Tomorrow will gap out of the channel to the north.
So im guessing ur trying to buy low and sell high or u missed judged todays bottom.
Stock market closes at 4 pm eastern time
Isn’t the call at 4pm
Do your homework, November.
Wall st. Analysts seem to think fair value on TRNX is $4.10 stocks always run at x2
Valuation of about $4.10. So when the pump happens, it should hit $8.20 or so.
Check out simplywall.st and their Analysis of the company. Good stuff!
The company has till November to run above $1
Nice thanks for the info!
What are u talking about?
Sorry Winman, I didn’t see you post from earlier today.
Water pilot projects