Taronis Technologies Inc (fka TRNX)

[psk3091]

Any info on Reverse Split?

I have seen no mention of the intended reverse split announced on 12/12/17 as well as its consequences! Any comments, please?

https://www.sec.gov/Archives/edgar/data/1353487/000149315217014536/0001493152-17-014536-index.htm


QUOTE
OVERVIEW OF ACTIONS

The following action was approved by the written consent of the Majority Stockholder (the “Written Consent”), in lieu of a special meeting:

a) An amendment to MagneGas’s Certificate of Incorporation (the “Charter”) to effect a reverse stock split of all of the outstanding shares of our common stock and treasury stock at a ratio of one-for-fifteen (the “reverse stock split”).

The reverse stock split was approved by the entire Board, subject to the Majority Stockholder’s approval, effective December 12, 2017, and the Majority Stockholder on December 12, 2017. The Majority Stockholder’s approval will become effective twenty (20) days after a Definitive Information Statement on Form 14C is mailed to the Company’s other stockholders as of the Record Date.