Taronis Technologies Inc (NASDAQ: TRNX) is trading on gains early on this morning, and for good reason. Today is the last day for investors to get in on free shares. Yes, in case you missed this article and this article, talking about what’s happening, free shares are going to be issues to TRNX shareholders soon. Here’s the scoop:
Stop wasting your time! Start Finding winning trades in minutes with Trade Ideas!
TRNX Stock Gains As Free Share Deadline Nears
I’ve talked about the story in detail in the articles mentioned above. So, today’s update is just a reminder that it’s th last day to get in. Nonetheless, for those of you who missed my last reports, Taronis Technologies is spinning off Taronis Fuels.
As part of the spin off, TRNX has promised to give shares of the newly spun off Taronis Fuels to its shareholders upon the close of the transaction. The shares will be issued in a special dividend on a one for one basis.
However, if investors want to get their hands on these shares, they are going to need to act quickly. The cutoff date to be on record as a shareholder is today, August 15, 2019. Those who are on record as shareholders today, and hold their shares through the close of the transaction (expected to be September 1, 2019), will receive the free Taronis Fuels shares.
Why It’s Worth Getting Your Hands On These Shares
Again, if you want to go into more detail, click one of the links above to articles written on the topic in the past, Nonetheless, here are some bullet-pointed benefits to getting involved in my view:
- Taronis Fuels is growing rapidly. TRNX recently announced two agreements to bring the Venturi Plasma Arc Gasification system abroad. One in Turkey, the other in South America. This continued growth makes Taronis Fuels worth paying attention to.
- It’s also worth mentioning that Taronis Fuels’ own growth is impressive. The company continues to generate record MagneGas production, which will continue to lead to record revenues.
- Finally, as demand for renewable options to the various fuels that energize our world climbs, Taronis Fuels is in the perfect position to take advantage of the trend.
It’s also worth mentioning that after the spin off, TRNX is not a dud. Here’s why:
- Water Pilot, a TRNX subsidiary recently entered into a large agreement with a Holiday Inn Franchisee. This won’t only generate revenue, it shows that the company is on the right track to sign more of these types of agreements ahead.
- Perhaps more importantly, the company recently proved its ability to rid waters in blue-green algae blooms of cyanobacteria. The revenue that could come from various municipalities in the southern region of the United States has the potential to be massive.
Stop wasting your time! Start Finding winning trades in minutes with Trade Ideas!
Don’t Miss The Next Big Story!
Join our free mailing list below to receive real-time news alerts!