Bearish
$TRNX "Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ: TRNX), a leading renewable fuel producer serving the global industrial gas markets, today announced that it is on schedule to complete the Taronis Fuels spin-off as previously scheduled. November 29, 2019 is the record date, which is the critical date in which shareholders must be a shareholder of record in Taronis Technologies to be eligible to receive the stock dividend. Shareholders of record must then hold those same shares until the stock distribution is completed on December 5th. Any shareholder that sells their Taronis Technologies stock prior to the distribution will forfeit any rights to the distribution." Wow! Taronis really wants shareholders to HODL for the next eight days. They're not telling investors that whomever buys shares prior to distribution will be entitled to the spin off shares, assuming the spin off goes through.
  • 2
  • 1