You’re right. I apologize for the error. I looked it over and IPO is not proper to be used, since TRNF shares are spun off to TRNX holders. There’s no IPO. Now I also noticed that my calculations also apply to TRNF. Since TRNX negotiates the Turkey contracts on behalf of TRNF, then it would be plausible to apply the values to TRNF SHARES. SO HERE GOES: $1,003,500,000.00 TOTAL GROSS SALES - 3% royalties = $30,105,000. So, $1,000,000,000 \ 138,787,021 seems correct. And this equation typed in google came up with the same numbers indicated in a TARONIS FUELS SEC FILING. So my calculation is near correct. We should be priced somewhere at $7.20/“TRNF” Shares.
