Taronis Technologies Inc (fka TRNX)

[Watermallen]

Operating Loss: last quarter: (3,420,828), Q1+Q2: (6,321,316)
...if I read the Form 10-Q correctly.

The grant money they are working to obtain through backing Infinite Fuels seems to be a way to piggyback or backdoor a way to ultimately open the door to being approved for applications to operate in Europe. Yes, collecting on the $750,000 grant is a plus as it will allow them to start a biofuels project in Northern Germany, but is a steppingstone that opens the door to Europe operations.

Here is a most interesting statement from the call: "We've estimated that our breakeven revenue threshold is between $20 million and $24 million. So we're more than halfway there." Can you shed any light on this statement?

For reference, the transcript is here: Magnegas Transcript