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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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From: PaperProphet8/22/2019 4:23:42 PM
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TRNX closed at about $0.40. I suppose it is worth following these pyrolysis companies around from a financial perspective in addition to just seeing how the doomed-from-the-start stories play out.

It's definitely a soap opera with Taronis. The company probably lost some credibility with the spin off being moved back to November with a new November 5th shareholder of record date. Investors were previously told if they bought by August 15 and held those same shares through around September 1st then they would get the spinoff shares and now that's no longer the case. I'm sure a large number of shareholders were holding so they wouldn't lose the dividend even as the stock dropped by over half. Now those investors find that they were holding for nothing. That also makes for a large shareholder base who can now sell since their reward was taken away and those shareholders will be understandably angry once the change up fully sinks in with them. On the flip side, I'm sure many shareholders believe that the spinoff, Taronis Fuels, is worth a lot and, with the spin off being moved back, Taronis fuels is still part of Taronis. The CEO said that he personally would value the spinoff company at $100M. That sets a price of over $1/share for the spinoff in the minds of those investors who still haven't figured out that they're being lined up by the company insiders for fleecing.

The reverse split was announced as 5-for-1 and TRNX shares should be trading post reverse split on Monday.
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