The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Taronis Technologies Inc. Investors (TRNX)
TARONIS TECHNOLOGIES INC (TRNX)
Last taronis technologies inc earnings: 5/20 05:28 pm
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Taronis Technologies Inc. (“Taronis” or the “Company”) (NASDAQ: TRNX) concerning whether the board breached its fiduciary duties to shareholders.If you are a shareholder, click here to participate.On January 28, 2019, Taronis announced that the City of San Diego had elected to use its process known as MagneGas as its metal cutting fuel of choice, marking the first major city contract for the adoption of this technology.But on February 12, 2019, Taronis had to correct this statement, noting that the “Company has determined that it is necessary to correct its prior disclosure . . . The Company treats purchase orders as contracts and made its prior disclosure with that treatment in view, however, the Company does not have any formal binding contracts, agreements or long-term purchase commitments with the City of San Diego beyond the existing approval, nor
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