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Sitting at a pre-split penny
If this ain't the bottom, there is always Zero.
Have we found bottom yet?
Will Thur have any good news? I would hope so.
This is a probably a good speculative buy now
Reverse split was obviously stupid, and the crooks could very well continue shorting it into the ground, but it's now 1 penny based on pre-split.
Will continue adding, but would not be surprised to see it below $1 before possible launch
Time for a letter to the shareholders. The questions pre-submitted for the conference call were from shareholders that were asking for some vision into the future. Tony dismissed those questions with non-answers. Shareholders deserve more.
make it round figure - 1 Cent Tony. You will be alright, hopefully.
"u/1.3CentTony". Sorry, sometimes my math is bad.
It’s done dipping, right?
r/WallStreetBets is where management belongs.
u/2CentTony -- there, I already got him a user name.
IMO they did what they did to get the raise, uplist, etc and the short term share price was not a priority/collateral damage. You could say that’s bad for us but it depends on your timeframe. I’m confident in the long term prospects of this company so it’s easy for me to be patient.
I understand the people who are pissed they weren’t able to raise, uplist, reshape the management and professional services team, expand the company’s scope, and immediately put the money to work, however 4 out of 5 ain’t bad and I bet #5 is on the way. Certainly I’m disappointed they weren’t able to do everything at the same time but if they’re still here in a year I’ll eat my hat.
Luckily I could average down. However, the stock is sitting at its lowest levels ever due to bad leadership. What makes you think that suddenly they will start making good decisions? If they thought that they were going to have sales increases, why not wait until you ACTUALLY have sales increases? They are winging it and doing a poor job at that.
With that said, I will make some money on this stock, however, CEAD should really look for someone to buy them out as they don't have a clue what they are doing.
If you were a bag holder going into the split and uplist, then yes they didn’t care at all about the effect this had on legacy share holders. In their defense though, there weren’t many of us.
That being said, it’s been a very profitable stock to trade, and I anticipate with all of the new officers and department heads, they are using the cash to execute.
Bu the end of the year I wouldn’t be surprise if we were trading around $7-$10.
$25 million in cash that they acquired for extremely low share prices. I thought the idea was to buy low and sell high. They sold millions of shares at record low prices. It was an idiotic move to say the least. They diluted the stock so effectively that they will now need twice the amount of sales to hit the same share price levels.
It’s an easy swing trade that’s for sure, as the small float allows for quick profits on a green Day. I see resistance at this level, between 2.20-.30, so i added here for another swing trade.
I’ll watch carefully as we get closer to Q1, as we would hope for acquisition news or a couple more big contracts going into earnings.
Good for you man. I need to come up with a plan since it is clear they have nothing substantial on deck. It is down 62% since they announced RS at around .04.
I was mildly hopeful they would bring something shortly after the RS. Why else would they rush into 1-150 was my rationale. Clearly I was wrong as they had no immediate plan.
Down 85% overall so tough pill to swallow. Good luck to you.
I agree that they didn’t handle it as well I would have expected, like bigger contract news or acquisition news, but big picture wise they were running very lean until their cash raise, so I expect big things this year more than ever.
Since the uplist and split, I’ve made several thousand trading it.
Of course we move forward as there is no other way, but that doesn’t make how they handled this burn any less.
How much are you down with your Surna investment?
At the end of the day they have $25mil in cash now, more than ever, which allows them to execute on probably a lot of things they could be before.
Their share count is still extremely small even with the share sale. Smaller than a vast amount of other companies with similar revenue on the Nasdaq.
I’m looking at 2022 and forward. Everything before is out of the way now. I’m not comparing anything to that moving forward. Q1 will tell all, as it will reflect their current balance sheet and backlog.
I agree 100%. Why rush into a 1-150 RS with nothing to follow? They did not care at all about existing shareholders so they gave the big F-U to them. Then to dump all those shares in on top so there is no chance we ever recover.
They said 1-150 was equal to $6+ post RS, but we never even saw $4 post RS (1-100 equivalent). I just don’t get it. Anyway, sorry about the negativity but they earned it.
I think it is safe to say that management had no idea what they were doing with the RS and subsequent share sale. They clearly had no news worthy of making such a drastic decision.
And so it was written- CEAD is the stock not to be mentioned....ever.
NEWS- add on contracts
“Surna Cultivation Technologies only recently announced its partnership with Air Sniper to offer their air sanitization product lines,” said Jon Kozlowski, Surna’s Vice President of Sales. “I am consistently impressed with the value our new partnerships and product expansions are bringing to our customers, and with our sales team’s ability to quickly convert these into new contracts.”
These should be easy add on sales to existing customers.
Ha. Sure. Got me. Although hard to look at this strictly on a quarter by quarter basis after all 4th went down yet 3&4 combined went up. From what they’ve already announced Q1 2022 will be strong plus we’re still waiting to see what they’re going to do with the raise. Relative to the cap raise the money they’re spending is insignificant. I know many of you don’t have confidence in their ability to steward capital but I’m hopeful the recent changes and additions will bring smarter choices and healthier returns.
Yet their Q4 numbers went down. "It takes money to lose money" is more appropriate in this case.
Couldn't have worded it better myself
The increase in costs is understandable given the cap raise, uplisting, new hires, etc. and it’s also negligible relative to their cash on hand. They spent a little, they got a lot. Takes money to make money as most the nasdaq can attest.
Yeah. 60% revenue growth, $3M - $5M sales, no profit will not cut it for Nasdaq. They need to grow at least 100% growth over qtr and at least $40M - $60M revenue this year. Otherwise, this is short seller's paradise. If something happens at federal level then we may have chance to exit this POS entirely.
2022 is all that matters now. ‘20 and ‘21 have been waiting to be in the rear view.
Probably will be a morning dump and overreaction. I will load up on that and it’ll be back at 2.66 by EOW.
They are still burning cash and not turning a profit. The stock price will not rise unless these bozos start making actual sales increases. Not these up and down patterns that have plagued them for years.
Celebrating that they didn't lose "quite as much" money as 2020 is laughable really.
"Peanuts" on the attack?
What specifically makes you say that? Revenue increased 60% over 2020. Highest Q3 & Q4 net bookings in company history. Gross profit margin up 3.3%. Is it just the the Q4 net numbers?
That was a pretty crappy year. How much is management making again?
I agree it’s a long way away from where it should be if it had a reasonable valuation. Perhaps we’ll get some insight into what they’re going to do with all that cash on todays call.
Long long ways off from $10-$20 imo. Warrants at $5?
At this point, let's pray that Citadel and some prime brokers haven't taken a "special liking" to it. Or, at least they could let it run before they pound it, so they can make more.
It's now or never for this thing to jet right-away past $10, and hopefully clip $30 - which is about where it was Jan 2021.
Undervalued by almost any measure I believe. All the negative sentiment regarding the r/s and additional shares drove the sp down but in my opinion that was the wrong reaction. This is a healthy company that needed to make those moves to uplisted and access additional capital and the sp shouldn’t have been punished to this extent. Sure, most of the time we see an r/s it’s from a struggling company trying to, for example, artificially increase sp to avoid being delisted but that’s not what we have here. I really think CEAD is way undervalued. Can’t wait for the earnings call.
Buckle up and brace yourself for the ride!
Undervalued here at the least right!? Beat down and diluted post split now again barely trading 1x revenue. 20+million cash?
“CEA Industries' current market cap is 'only' $20 million, but it has $22 million pro forma cash as of the end of September.”
https://www.benzinga.com/analyst-ratings/analyst-color/22/03/26328057/these-7-cannabis-stocks-may-be-underappreciated-as-market-continues-to-rebound
It´s go time for this hidden gem!
CEA announced it will hold earnings conference call for the fourth quarter and full year of 2021 on Tuesday, March 29, 2022, beginning at 2:15 p.m. Mountain Time.
It’s always good to have low expectations. Then you’re not disappointed and you are not subject to “loyalty” for a stock.
With that said, CEAD will have a huge year. They got the split and uplisting out of the way, and now have much more exposure in the public market.
They will acquire at least one company this half, and I’m sure will announce many new, large contracts.
What I really want to see is1Q22 results, as the cash from the raise won’t be on the balance sheet until then, and a fresh look at their backlog will be in that report as well.
None of this goes without saying, we may be in for a huge surprise for this report coming next week.
Next financial doesn't matter much whether it is flat or excellent. Important thing to watch is guidance.
Great report, weak guidance - stock will fall.
so so report, excellent guidance - stock will rise.
Since they haven't acquired any company so far, my guess is they won't give any guidance.
$40M - $60M 2022 guidance will be fantastic but I've very low expectation
Yeah I would like to know also. Quick to put this stock down but a lot of people have made some good money based on previous financial statements. This company has shown that they are one to compete. But would really like to see why the next financial statement due Wednesday would be any different.
How much sales to get a buy rating from you? Give us a target. Curious to see what you think they need to be doing on the top line for you to change your tune.
How much sales to get a buy rating from you? Give us a target. Curious to see what you think they need to be doing on the top line for you to change your tune.
You are assuming earnings are going to be positive. It could be more of the same. If earnings in 2021 are about the same as 2020 I wouldn't expect the price to rise at all.
They need a substantial increase in sales to force the price higher, but recent news releases haven't been the most promising. They have been on a news blitz and still have only released news of a little over 5 million in sales in Q4 of 2021 and 2.1 million in sales for Q1 2022. This is right on track with their previous performances. I feel like if they had news of more contracts, they would have released them.
Nothing will change until they can increase sales and they haven't shown even the slightest amount of an increase yet. Until then, the nosedive will continue.
Once earnings are released, analysts will start laying out projections and we should see PPS come up significantly
CEAD
The Board of Directors are getting richer while shareholders get poorer. This is pretty typical for this company.
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http://www.surna.com/
Phone: (303) 997-6050
Fax: (303) 995-2544
1780 55th Street, Suite A
Boulder, CO 80301
STATE OF THE ART GROWING TECHNOLOGY
https://www.youtube.com/watch?v=oiJO3SpbQl4
Our experience serves to provide you with a custom design that you can rely on. Whatever your goals are, we can sit down together and create a solution:
Cultivation Products
Controlled Climate Systems
Controls
Biosecurity
Grow Room Services
MEP Consultants
Engineering
Odor Control
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02-08-2022 SRNA SECURITY DETAILS (OTC Markets - prior to RS)
Market Cap.................9,625,212
Authorized Shares....850,000,000
Outstanding Shares..240,630,294
Restricted....................31,467,874
Unrestricted...............209,162,420
Held at DTC..............192,419,042
Float...........................204,171,194
Note: A 1 for 150 reverse split was executed 2/9/22.
RECENT NEWS:
CEA Industries Announces Pricing of $24 Million Public Offering and Nasdaq Listing Press Release | 02/10/2022
CEA Industries Inc. Announces Reverse Stock Split Effective February 9, 2022 Press Release | 02/08/2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager Press Release | 02/01/2022
CEA Industries Inc. Announces Ticker Symbol Change to “CEAD” on OTCQB Exchange Press Release | 01/24/2022
CEA Industries Inc. Announces Appointment of Two New Board Members Press Release | 01/20/2022
Surna Cultivation Technologies Signs $2.1 Million Contract Press Release | 01/13/2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development Press Release | 01/11/2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts Press Release | 01/06/2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation Press Release | 01/04/2022
Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line Press Release | 12/09/2021
Surna Cultivation Technologies Signs First Preventative Maintenance Contracts Press Release | 11/11/2021
Surna Reports Third Quarter 2021 Results Press Release | 11/10/2021
Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision™ LED Grow Lights Press Release | 10/14/2021
Surna Cultivation Technologies Announces Benching and Racking Line-up Press Release | 09/29/2021
Surna Cultivation Technologies Introduces VRF Product Line Press Release | 09/02/2021
Surna Reports Second Quarter 2021 Results Press Release | 08/10/2021
Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services Press Release | 07/29/2021
Surna Reports Second Highest Revenue in its History and Return to Profitability in Preliminary Second Quarter Results Press Release | 07/28/2021
Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family Press Release | 07/14/2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO Press Release | 06/29/2021
Surna Cultivation Technologies Introduces Preventative Maintenance Services Press Release | 06/22/2021
Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller Press Release | 06/08/2021
Surna Reports Q1 2021 Results Press Release | 05/11/2021
Surna Reports Q4 2020 and Full Year Results Press Release | 03/24/2021
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