San Diego, CA -- (SBWIRE) -- 04/29/2019 -- Investors in shares of Taronis Technologies, Inc. (NASDAQ: TRNX) have certain options and for certain investors are short and strict deadlines running. Deadline: June 11, 2019. NASDAQ: TRNX investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On January 28, 2019 Taronis Technologies, Inc. announced that the City of San Diego (CA) 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.
On February 12, 2019, Taronis Technologies, Inc. issued a Form with the SEC 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 any commitment that any of the Company's products will be purchased as the products of choice for their respective applications."
The plaintiff claims that between January 28, 2019 and February 12, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Taronis Technologies, Inc. did not have a contract with the City of San Diego, that Taronis Technologies, Inc. or its management had engaged in a scheme to defraud, and that, as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Taronis Technologies, Inc. (NASDAQ: TRNX) have certain options and should contact the Shareholders Foundation.
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