Taronis Technologies, Inc. Stock price
Taronis Technologies (TRNX) is short of cash despite $102 million of contributed capital. It continues to lose more than $6 million a quarter and it cannot get additional cash. This business might survive in a drastically cut back form but common shareholders are unlikely to get anything from the investment. It is a sell.
Second Quarter Performance
Management trumpets the second quarter growth in revenue of 102% and the decline of negative earnings per share from $4.77 to $0.22. A closer look indicates problems. The operating income does