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We will soon find out
After a high of $2.78 I am not surprised that some folks took some profits
Agree
No selling decision for me before the spin-off
Eventually we could or should see a pull back. If it does happens hopefully it won’t be large
I have been searching all weekend for news and all I could find is the confirmation of the spin-off by the CEO. Nothing else at all
Investors are ligning up for the spin-off
Since Carter is the only one involve in this, we don’t even know what are his views about all this stuff , or do we?
The problem with this spike of yesterday is that it looked like a rocket and I have learned in the past that rocket burn off pretty fast.
I am long on TRNX but my worry is that it sell off on Monday. In other words it wasn't a good decision to buy after hours yesterday for those who did
Here's the link to WSJ
https://quotes.wsj.com/TRNX?mod=searchresults_companyquotes
AT&T were fined $60M for slowing down their services to some of their clients. Dated back to 2011, that’s how long it took to solve that problem
Tony.
I see you have a point with COMM and I hope you are right which would be good for all of us, but personally it looks to me that you are barking at the wrong tree.
But what do I know and like I said I hope you are right and I am wrong. If you are right I’ll be the first to buy you a drink in Vegas, and I mean it and will tell you in front of everybody how knowledgeable you are and that I was wrong.
Have a great evening. Me, I just poured myself a great glass of red wine
You seem to know a lot about TRNX , so what makes you talk about another R/S. I don’t see any sense in it. The original goal a few months ago was to keep the listing with Nasdaq above $1.00 since we are there and it’s holding what else do you want?
Hard to believe that a company with a proper organization would make a mistake like this. Hard to say what is going to come out of this. I just hope we are not taken for suckers.
The last I heard was around December 5. We will see in time. Let’s hope for the best
Good Sunday morning to all
You have a good point here Stockfan
Thanks “dilly” from me and from all who haven’t seen your post.
We surely need and appreciate people like you
Warrior, at this stage it doesn't matter what anyone believes or says as there's nothing to do but wait.
On what grounds do you claim that?
WHY INVEST IN TRNX?
Because it makes a lot of good sense as it will grow to make a lot of us a pile of cash. Be patient as it’s coming
Good morninbg longs and noise makers as well. I think that thoses with the noise need some love to. It might be good for them
The longer it takes le less we are willing to accept. But the funny thing is that we have no say in the matter. Regardless how little we are willing to accept we will take it all even if it’s sky high
Taronis Technologies Inc (NASDAQ: TRNX) is a stock that I’ve talked about quite a bit. While I’ve taken some flack from people who believe that my bullish opinion is skewed, I continue to stand my ground on this one as I see the potential for tremendous value ahead.
Nonetheless, as of late, the stock has been strangled by short sellers. At the moment, it’s short volume ratio sits at around 29%. While some may view this as dangerous, with a stock this heavily undervalued and over shorted, a short squeeze could soon be the result.
Today, there are a few things that I’d like to talk about. First and foremost, we’ll chat about recent news that’s been released by TRNX. We’ll also talk about why there is such a high level of short interest and what the future may hold. Here’s how I see it:
TRNX Stock Has Been The Subject Of Quite A Bit Of News
Over the past week, Taronis Technologies issued five press releases. Importantly, every one of these press releases provided positive news. Here are a few highlights:
Today – TRNX announced a project win. In a press release, the company said that its Water Pilot subsidiary won a 5 install contract with a franchise of Popeye’s. Importantly, this is just the first step in what could be a very large project.
The client said that if the savings resulting from the first five installations are as expected, they expect to move forward with installs at all of their 115 locations. The company said that the contract could be worth more than $300,000.
3 Days Ago – Late last week, TRNX said that it amended its shelf filing with the SEC. The amendedment took place to give the company the ability to issue debt securities.
In the press release, the company pointed to the frustration of funding a business through dilution. The company also discussed the pending $165 million Turkey contract and the fact that they believe that they can now source superior debt capital that will enable the company to accelerate growth.
4 Days Ago – The company also recently announced its sales results for the month of September. In the release, Taronis Technologies said that it generated $1.73 million through its US retail industrial gas and welding supply network.
TRNX said that sales were up 113% year over year. The company said that the fastest growing market in the month was the combined Texas/Louisiana market. This particular market generated $0.78 million in sales in September, a 500% increase year over year.
In a statement, Scott Mahoney, Taronis Technologies’ CEO, had the following to offer:
September was another positive month for our US retail team. Our sales force is delivering strong and consistent revenue results, serving our customers, and increasing our share of the markets we serve. Our increased efforts in marketing MagneGas are consistently paying off across multiple markets. As we continue to onboard these new clients, we are confident that the fourth quarter will sustain our positive momentum.
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5 Days Ago – Five days ago, TRNX provided an update with regard to its efforts in Turkey. The business efforts in Turkey are the largest deal the company has ever made. If all goes well, 30, 300 KW Venturi Plasma Arc gassification units will be purchased under an agreement with a value of around $165 million.
The press release was essentially a letter from Mr. Ay, owner of TA Group, the company’s counterpart in the efforts in Turkey. Ultimately, Mr. Ay provided strong views as to how he believes in the technology at TRNX, the benefit that this work will have on the Turkish economy, and more.
All in all, the letter seemed to be with a purpose of ensuring shareholders that the right moves are being made and that the transaction is headed in the right direction.
6 Days Ago – Finally, six days ago, the company announced that it would be attending the first annual MicroCap Rodeo conference. Of course, as with all investor conferences, this gives the company the ability to showcase its work for investors and analysts, while opening the door to potential partnerships and more.
A Short Squeeze Is On The Horizon
In my view, there’s likely a big move coming very soon, and when it does, traders are going to see some serious profits. To me, it looks ike the stock is setting up to squeeze the shorts out of the equation.
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As mentioned earlier, Taronis Technologies trades with a short volume ratio of around 29%. Depending on who you ask, the definition of a stock that is highly shorted can change.
Some experts say that once shorts take up about 15% of shares, the stock is heavy in short interest. Others say that this mark starts at 20%. Nonetheless, with a short volume ratio of 29%, TRNX blows both of these figurative landmarks out of the water.
With such heavy short interest, if something goes right, the stock could explode toward the top, generating gains in multiples as short sellers would race to cover their positions.
So, Why Is The Short Interest So High
I’m not going to sit here and lie to you. There’s a reason that there are so many investors betting that TRNX will fail. Unfortunately, the company has been funded with equity for several years.
As a result of this toxic, dilutive financing, the company found itself stuck between a rock and a hard place. Financially, moves had to be made to keep the company afloat, which is concerning to investors.
If Times Are So Rough, Why Chase A Short Squeeze That May Not Happen?
This is where many may get my statements confused. The truth of the matter is that the tough times are not upon us, they’re behind us. However, the market has a funny way of taking time to catch up, especially as companies pull themselves out of tough situations.
Unfortunately, that seems to be what’s happening here.
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The truth of the matter is that when we see TRNX, we see a company that is showing seriously compelling revenue growth. The company also just successfully achieved a spin off, signed an agreement that could result in $165 million in future revenue, continues to expand its Water Pilot business, and more.
No matter how you look at TRNX, you see a story of a company that’s working hard to improve conditions for investors, and doing well in the process. Now, it’s just a matter of letting market sentiment catch up to the fundamental growth that we’ve seen from the company.
Once this happens, I believe that the stock will go through a short squeeze, pushing the nay sayers out of the equation, and creating a compelling flood of value for investors.
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Your article is dated December 21, 2015!!!!!!!
Zomby, you are not saying much. Had they won with the Patent Board before???Are we comparing apples to apples?
Looks like we’re doing good now.
Let’s just watch TRNX go
TA Group Affirms Progress on Turkish Contract
PHOENIX, AZ, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ: TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today issued a joint statement with TA Group, the current counterparty with respect to Taronis’ $165 million contract to purchase 30, 300 KW Venturi plasma arc gasification units from Taronis Fuels, a wholly owned subsidiary of the Company. Today, the owner of TA Group, Taner Ay stated as follows:
“The national media coverage of our expanding partnership with Taronis Fuels these past weeks has created enormous interest within the Turkish business community. I have been contacted by numerous members of the press, and I wish to provide a comprehensive response to all questions that I am currently at liberty to address. I am also taking this opportunity to confirm our agreement due to the fact that Taronis is a Nasdaq listed public company with more than 50,000 shareholders and whereas I have also been contacted by thousands of Taronis’ shareholders. I wish to help address their questions as within the prudent confines of the US securities laws.”
“First, TA Group was established for a very unique opportunity. With humility, as many are aware, my family has been exceptionally successful in business, and I have had an incredible education in this field from my father, who has been an amazing investor and entrepreneur his entire life. When Infinite Fuels brought this opportunity to partner with Taronis, we saw an incredible opportunity to help the workers of Turkey avoid thousands of avoidable accidents, injuries and deaths each year. Following in-country demonstrations of the effectiveness and importantly, the safety of Taronis’ MagneGas, all of us at the TA Group are confident that the MagneGas product is fundamentally safer than the alternative fuels currently utilized in scale in our country and can save lives and avoid needless injuries related to acetylene accidents in our homeland. In fact, I believe there should be no other gas used to cut metal in my country but MagneGas.”
“Second, our relationship with Taronis and Infinite Fuels is extremely strong, and we are supporting both companies to the very highest levels of authority here in Turkey. We are very fortunate to be on excellent terms with some of the most important and influential leaders in the history of Turkey, and they are also strong supporters of what we are trying to accomplish with Taronis,” continued Mr. Ay.
“Lastly, we feel that this technology can create thousands of high paying jobs in Turkey. We will support Taronis in the establishment of a global production facility here in Ankara. We want to help Taronis manufacture the valves, regulators, hoses and cylinders they use around the world. Just two weeks ago, we saw Taronis launch their new operations in Amsterdam. We believe that with time, they will convert all Europe to MagneGas, and we want to partner to supply them everything they need to do so, everywhere in the world.”
Mr. Ay concluded, “My stature and that of the TA Group has led to significant attention, including on social media for many years. I plan to leverage all of my resources including the national press and international social media to influence others to help them appreciate the importance and benefits of Taronis and their technology in my country. I believe Taronis’ technology will have an incredible impact on worker safety, the environment, and make our economy even more competitive. I am looking forward to once again hosting the executive team of Taronis as we make our final joint presentations to the highest levels of government in a few short weeks. We are ready to make Taronis a household name across all of Turkey.”
Scott Mahoney, CEO of Taronis responded to Mr. Ay’s comments, “We sincerely thank Mr. Ay and his entire family for all of their support and faith in the Taronis team and our cutting edge technology, which is superior by design and safety profile. We are confident that with this final round of presentations, we can clear all remaining requirements and proceed with the existing contract and hopefully expand our relationship with the TA Group and the Government of Turkey in the near term.”
“We were thoroughly impressed by the scale and scope of the industry in Ankara and Istanbul, and we see our technology as having an ideal fit within the Turkish economy. Like Mr. Ay, we are eager to see MagneGas help save lives and avoid injury. To that end, we are eager to explore implementing a comprehensive safety and training program for all the welders that use our product in Turkey. We also want to see the environment of Turkey improved through our clean gas production process. Lastly, we see Turkey benefitting from significant labor savings from the efficiency gains MagneGas provides. We are looking forward to launching full-scale operations together shortly,” concluded Mr. Mahoney.
About Taronis Technologies, Inc.
Taronis Technologies, Inc. (TRNX) owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination.
The Company’s fuel technology enables a wide use of hydrocarbon feedstocks to be readily converted to fossil fuel substitutes. The Company is developing a wide range of end market uses for these fuels, including replacement products for propane, compressed natural gas and liquid natural gas. The Company currently markets a proprietary metal cutting fuel that is highly competitive with acetylene. The Company distributes its proprietary metal cutting fuel through independent distributors in the US and through its wholly owned distributors doing business as “MagneGas Welding Supply.” The Company operates 22 locations across California, Texas, Louisiana, and Florida.
The Company’s technology can also be implemented for the decontamination of waste water, including sterilizing water, eradicating all pathogens. The technology is being tested to determine if it can completely eliminate pharmaceutical contaminants such as antibiotics, hormones and other soluble drugs suspended in contaminated water. Lastly, the technology process is capable of reducing or eliminating other contaminants, such as harmful metals, as well as nitrogen, phosphorus, and potassium levels that trigger toxic algae blooms. The technology has prospective commercial applications in the agricultural, pharmaceutical, and municipal waste markets. For more information on Taronis, please visit the Company's website at http://www.TaronisTech.com.
Taronis also owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system 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
Because investors are waiting closer to the spin-off date.
Watch it grow late November
Anyone thinking that Amazone would be interested in UOIP is dreaming.
This isn’t the type of business that Jeff is looking at for sure
So they haven’t the cash to do otherwise but it could be very profitable for the insiders to take shares instead. I kind of think these people have a good inclination where the company is going and it looks that it will be to their benefits to take shares.
Looks like these guys have faith in TRNX otherwise they would leave and say thank you I don’t want your shares
VERY GOOD POINT FISH
Do you know when he bought?
Good morning Jerseyfish
A director buying 1/4 of a million $ definitely feels good about his company.
Got this on Facebook this morning. Surprising from Jim Cramer
Fannie Mae ( FNM) is going to $70, Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.
Cramer called the government-sponsored mortgage stock his single best idea coming off Tuesday's Democratic landslide in the House of Representatives. Cramer said the Bush administration has been trying to bring the Washington-based company down, but Fannie now has room to run with Democrats holding the reins in Congress.
Cramer said Fannie is the cheapest financial stock out there, growing at 10% a year and trading at 10 times earnings estimates. He said the stock, up 4% Wednesday, will tack on more gains from its recent $62 and change. **********
Our patience will payoff someday
Good Mornings all
Maybe we get rich soon
Good morning all good people
Rejean
Tony, that was an expression, I am not a painter
Good morning Tony and the rest of our friends.
Another day of watching the paint drying, but someday it will be dry and our watching will be over and then we can see our dreams come true
Rejean
Full CY
Thanks for your good words, always nice to hear from you and your encouraging comments,
Have a nice day
Good morning gang
Wishing you all a very good week with positive news
Yep,
I am in real good shape just waiting for shares to improve and the spin-off
Yo Fish.
I may be underwater for now but I made sure I’ll get the benefit of the spin-off , I don’t have to do any of the tragic things you mentioned