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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: 1Coffeehound who wrote (53347)7/28/2019 9:22:39 AM
From: PaperProphet of 53574
 
Mr. Santilli stepped down as CEO of Taronis late last year as well. Despite the wording, I'm guessing he wasn't pushed out. I think he decided he had milked shareholders for all they were worth and decided to pursue other opportunities. The market cap was very low and I'm guessing it was harder to push out new shares, at least not selling them for the historical rate of dollars for which the Santilli family had become accustomed.

The Santilli family ran with the pyrolysis gas story for about two decades and kept a theme like an 80's sitcom with two story lines. It was always ambiguous at Taronis as to whether they were selling their proprietary pyrolysis cutting fuel made from vegetable oil or just selling regular acetylene. Investors seemed to believe it was their proprietary pyrolysis fuel and kept throwing money at the company as the losses kept coming in. I'm sure they were just selling acetylene and growing their revenues by undercutting other acetylene local businesses.

Now it looks like Taronis is trying to mix things up and renew the scheme. It wasn't that long ago that they changed the name from Magnegas to Taronis. They just announced a $165M deal with a Turkish consortium which is almost certainly a sham deal and they've been putting out a lot of news lately. Obviously the new story about now selling pyrolysis plants is a change in their business plan. After two decades, Taronis' old investors have been probably been bled dry and they need fresh investors with more money and less hard-earned loss-experience wisdom to keep the money flowing. The only way to do that is to freshen up the story.

Judging from one of the TRNX message boards on IHub, it looks like sentiment around TRNX is trending sharply higher. Taranis might already be succeeding in their story revamp.
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