web analytics
12.1 C
Munich
Thursday, October 21, 2021

Bulls Take Charge of BBHC, Inc., (OTCMKTS: TRNX)

BBHC, Inc., (OTCMKTS: TRNX) is making a powerful move up the chart in recent days on a massive surge of volume. The stock had been baselined in the $0.015 range in recent weeks since being delisted from the NASDAQ.

TRNX traded well over $300,000 in dollar volume on Friday and shorts are beginning to take notice. Ex big board stocks have a long history of making explosive moves once on the OTC and TRNX is no exception so far.

BBHC, Inc., (OTCMKTS: TRNX) operating out of Phoenix, Arizona and formerly known as Taronis Technologies. Inc. and listed on the NASDAQ owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination. The Company holds a 7% royalty on the global use of its fuel generation intellectual property. The initial commercialized renewable fuel product license is disrupting an $8 billion global metal cutting fuel market.

The Company’s technology can also be implemented for the decontamination of waste water, including sterilizing water. eradicating all pathogens. The technology is being tested to determine if it can completely eliminate pharmaceutical contaminants such as antibiotics. hormones and other soluble drugs suspended in contaminated water. Lastly, the technology process is capable of reducing or eliminating other contaminants, such as harmful metals, as well as nitrogen, phosphorus, and potassium levels. The technology has prospective commercial applications in the agricultural, pharmaceutical. and municipal waste markets.

In October TRNX announced it 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.

To Find out the inside Scoop on TRNX Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

TRNX

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.

For more on TRNX Subscribe Right Now!

TRNX is making a powerful move up the charts in recent days on a massive surge of volume. The stock had been baselined in the $0.015 range in recent weeks since being delisted from the NASDAQ. TRNX traded well over $300,000 in dollar volume on Friday and shorts are beginning to take notice. Ex big board stocks have a long history of making explosive moves once on the OTC and TRNX is no exception so far. There is still as much value here as there is in the majority of Company’s listed on the exchange. Management states Company will be debt free after selling off most of its assets; worst case scenario it’s still a highly attractive reverse merger candidate. We will be updating on TRNX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TRNX.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in FORW either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.