Replies to post #10036 on Taronis Technologies Inc (fka TRNX)

[abew4me]

It's a speculative penny stock. They own 7 welding shops and a machine that produces welding gas called MagneGas.

Unfortunately, the company spends more money than it takes in every month...so it's unprofitable.

That's why the share price is going down.

Until they can show a profit, this company will continue to dilute their shares to stay in business.


End of story.

[thelionwarrior]

All he said plus the company is indebted up to its ears to the Santilli family who also called for up to a 1 for 100 reverse split by May 11th. Shareholder meeting did not address it either. Its the end of the year. Lots of people will just sell for a loss so they can write it off on taxes knowing they can buy in cheaper next year if they really want to. Some may hold in hopes that some miracle on 32nd street takes place. Regardless with the company completely tanking this stock no new institutions will be adding this to their portfolio anytime soon. Investors who have experienced this same thing year over year will completely disregard this stock and management has pretty much ruined any hope for this company to recover. Which leaves one other option.... that is to change names and ticker symbol in hopes people cant find the history of this stock because if they did they would run. This is going nowhere anytime soon