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TARONIS COMMENTS ON ISS RECOMMENDATION IN FAVOR OF BOARD RETAINING CONTROL ISS DOES NOT SUPPORT ...

TARONIS COMMENTS ON ISS RECOMMENDATION IN FAVOR OF BOARD RETAINING CONTROL ISS DOES NOT SUPPORT ...
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TARONIS FUELS ISSUES STATEMENT

TARONIS FUELS ISSUES STATEMENT
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Taronis Provides Corporate Update

Taronis Provides Corporate Update
Preserving long-term shareholder value by adopting a rights plan to protect the value of tax assets by reducing likelihood of an ownership change
Improving capital position through completion of equity financing
Employee retention plan to incentivize and retain employees
PHOENIX, AZ, March 04, 2021 (GLOBE NEWSWIRE)
Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced recent corporate actions taken to improve the Company’s capital position, retain and incentivize employees, and protect the availability of its net operating losses (NOLs).
On March 3, 2021, the Board of Directors of Taronis (the “Board”) adopted a shareholder rights plan designed to protect the Company’s ability to use net operating loss carryforwards (“NOLs”) under the Internal Revenue Code (“Section 382 Rights Plan”). Taronis estimat ....

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Taronis Fuels Urges Shareholders to Take no Action on the Wetherald/Welo Consent Solicitation Materials

Taronis Fuels Urges Shareholders to Take no Action on the Wetherald/Welo Consent Solicitation Materials
Sets Record Date of March 4, 2021 for Proposed Consent Solicitation
PEORIA, Ariz., Feb. 23, 2021 (GLOBE NEWSWIRE) Taronis Fuels, Inc. (OTCQB:TRNF), a global producer of renewable and socially responsible fuel products, today responded to the preliminary consent solicitation materials filed by Thomas Wetherald and Tobias Welo (“Wetherald/Welo”) with the following statement:
“Taronis Fuels is committed to acting in the best interest of shareholders to maximize long-term value creation. The Company regularly engages with shareholders on a range of topics and values their constructive input. Over the past year, Taronis Fuels has significantly increased its asset base, grown its revenue and de-levered its balance sheet while continuing to invest in the business and make process improvements to the production of MagneGas.” ....

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Taronis Fuels Urges Shareholders to Take no Action on the Wetherald/Welo Consent Solicitation Materials

Taronis Fuels Urges Shareholders to Take no Action on the Wetherald/Welo Consent Solicitation Materials
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