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Taronis Technologies, Inc. (TRNX)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0151-0.0013 (-7.93%)
At close: 3:57PM EDT
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Neutralpattern detected
Previous Close0.0164
Open0.0164
Bid0.0000 x 1000
Ask0.0000 x 3200
Day's Range0.0150 - 0.0164
52 Week Range0.0150 - 2.7800
Volume818,225
Avg. Volume1,739,989
Market Cap2.847M
Beta (5Y Monthly)0.23
PE Ratio (TTM)N/A
EPS (TTM)-4.6380
Earnings DateNov 20, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    BBHC to Liquidate Water Pilot Stake

    COVID-19 Pandemic Impaired Business GrowthPHOENIX, AZ, Oct. 19, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), announced today that the Company has elected to liquidate its 51% stake in the Water Pilot in order to clear its liabilities. The liquidation is not expected to provide any material financial proceeds to the Company in excess of the direct liabilities of that entity.The Water Pilot operates a water conservation technology that is primarily marketed in the southeastern United States, with a heavy customer concentration in Florida. The Water Pilot’s primary target client verticals operate in the fast food and restaurant market, hotels and hospitality, national retailers, and elder-care facilities.As a result of the COVID-19 pandemic and the prolonged downturn in the business activities within the Water Pilot’s target market, the subsidiary failed to achieve sufficient revenue generation to sustain its operations. As a result of this development, the Company elected to curtail its losses and divest of its stake for sufficient consideration to eliminate all remaining obligations related to the Water Pilot.“The liquidation of our stake in the Water Pilot is an unfortunate but necessary step in the curtailment of all operations under BBHC,” commented Scott Mahoney, CEO of BBHC. “The Company has no material financial resources, and management has determined that the best course of action is to immediately liquidate all assets.”“It is our goal to liquidate the remaining royalty payment rights, the Company’s stake in the Water Pilot, as well as its stake in Tarus Therapeutics. Based on our estimates, the proceeds of the disposition of these assets should enable the Company to clear its remaining liabilities and obligations. If these obligations are cleared in the near term, the Company will apply for voluntary de-listing and dissolve the business. The expectation is that this process should take three to six months,” concluded Mr. Mahoney. FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.Investor Contacts: Michael Khorassani IR@TaronisTech.com

  • GlobeNewswire

    BBHC Independent Directors All Resign

    Company Appoints One Replacement DirectorPHOENIX, AZ, Oct. 15, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), announced today that the Company’s three independent Directors have all tendered their formal resignation from the Company’s Board of Directors. All three resignations were voluntary and were effective September 30, 2020. None of these resignations were the result of any disagreements with the policies, practices or procedures of the Company.In conjunction with these resignations, the Company appointed its Chief Financial Officer, Tyler Wilson to the Board of Directors. The Company also appointed Scott Mahoney, its Chief Executive Officer to the role of Chairman of the Board.“We wish to thank all three independent directors for their many years of service,” commented Scott Mahoney, Chairman and CEO of BBHC. “Their collective contributions, counsel, and support were critical in the advancement of our business strategy over many years. With the successful spin-off of Taronis Fuels, our Board has had a greatly diminished role in recent months. The Company will greatly reduce its operating cost structure with the reductions to the Board of Directors,” concluded Mr. Mahoney.About BBHC, Inc. BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client-based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.Investor Contacts: Michael Khorassani IR@TaronisTech.com

  • GlobeNewswire

    BBHC Sells Patent Portfolio

    Company Nets $1.25 Million in Upfront Consideration,Secures Conditional Payments for Five YearsPHOENIX, AZ , Aug. 20, 2020 (GLOBE NEWSWIRE) -- BBHC, Inc., (“BBHC” or “the Company”) (OTC: TRNX), a sustainability technologies company, announced that it has sold its wholly-owned subsidiary MagneGas IP, LLC for $1.25 million in upfront consideration, plus additional contingent payments for five years. The sale constitutes a divestiture of all of the Company’s legacy intellectual property and patent portfolio.As part of the transaction, the Company secured capital resources to continue to clear outstanding and potential near term liabilities. In addition, the transaction provides that in the event the intellectual property portfolio sold generates any revenues, royalties, partnership or other form of income directly attributable to the patented technology, the Company shall receive a commission of seven percent of the revenues received by the buyer.“We believe this is a positive next step for the Company,” commented Scott Mahoney, CEO of BBHC. “The Company has experienced a near-total loss in business prospects due to the COVID-19 pandemic. Consequently, the Company made the difficult choice to begin systematically liquidating its remaining assets to continue to clear its liabilities and obligations. The lack of certainty around the timing of potential royalty payments that we previously anticipated having received by now forced us to seek some immediate value for our intellectual property without any further delays.”“While we are disappointed that we can no longer pursue our goals for water sterilization and other potential applications for the patent portfolio, we feel this is the best path to provide for potential future shareholder value. The seven percent contingent payment for the next five years could provide significant value to the Company. Once we clear our liabilities and obligations, we hope to utilize those possible future payments to best convey value to shareholders through all available options, including a share buyback, cash dividend, buyout, reverse merger, or go private strategy. All strategic alternatives will be considered in due time,” concluded Mr. Mahoney.About BBHC, Inc. BBHC owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.Investor Contacts: Michael Khorassani IR@TaronisTech.com