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See no reason for spike. Watch.
CEAD
Yeah, is this a real move? On radar
A Huge problem with this stock.. Colorado just surpassed 2.2 Billion in Tax revenue, and other States are, Naa, we good. Wtf.?!
More blaming the supply chain. Someone needs to take over this company, and yank it away from the excuse-making "leaders", fire existing salespeople, and double-down on engineer power.
Not much chatter for report day. Tomorrow is a trading day right? Could be some good news.
Yeah? Is this dogsh1t being acquired, or acquiring some more catsh1t to wrap itself in, and rebrand as the next best thing?
Rumor on the street is an acquisition is to be announced in the next 30 days
424B4 filed today.
More shares hitting the market.
Ironically filed in tandem after 4 dys of Conventions, and a slight non-institutional buying spurt today.
Any insight/projections on this raise and the status of Surna moving forward, allegedly with a robust cash surplus..???
Here's your 74mm volume answer:
"Liquidity Fairy" courtesy of Virtu & Citadel.
See Virtu CEO Doug Cifu.
I was looking at the same thing. Did a large number of shares hit the market? I sure like the price if they did. Anybody have an explanation?
GLTA
LLH
74M traded today, regular float around 7M. 10 times more? How's this even possible?
Will Tony flip his new shares he just purchased on 6/13?
9090 shares bought at $1.10.
rode this from 1.50 to 2.30 and dumped half, now sitting on the rest and seeing whats gonna happen
Back over to after Lunch Time is over?
10 Million dollar deal secured with under an 8 million dollar market cap lol...
Shorts gong hard dumping into the BID
Yes, seems to be eventual, possible dilution:
"We are registering 532,688 Public Warrants, 170,382 Pre-Funded Warrants, and 710,890 shares of Common Stock, including the shares of Common Stock that may be issued upon exercise of the Warrants if the Warrants are exercised for possible sale by the Selling Securityholder."
Did you read it? They are not selling more shares, a warrant holder is offering their own warrants through an S-1 on behalf of CEAD. Those shares and warrants already exist.
S1 Filed = more dilution.
Reverse stock splits hardly ever work. Look at GE now. They need to be at 112 to be even at the time of split. Now it is sitting at 68.
These crooks at CEA raped the shareholders and got paid and it sill wasn't enough.
Scumbags.
It's not just Tony.
It's likely at this point, that it's being thrashed by background forces, as per the link I posted. All this horseshyte of Wall Street is being uncovered in real time.
And... well... yeah, Tony is an idiot for setting the stage. Or maybe it was created on purpose.
Does management have anything at all to say? This is ridiculous
On May 12th I predicted this stock would drop below a dollar in 10 dys.
Sorry, but I missed it by one day.
Presplit the current low (.95) would be equal to .005
Half a penny...!!!
Truly embarrassing and unacceptable.
https://www.reddit.com/r/Superstonk/comments/uuqcg6/citadel_algos_exposed_creating_arbitrage_to_steal/
More explanation on why it is so concerning to be a part of a company like Surna.
I could only hope that .7CentTony has knowledge of, and how to navigate this type of shenanigans -- as he went to Harvard. /s
Looks like they might have changed their minds...
8 new Institutional investors filed their 13F-HR today ...totaling an aggregate of 1.7M shares in their accumulative holdings.
The big boys are at the table!!
5-12 we have like 60,000 volume, and then...
5-16 we have 1,130,000 volume, on no news at all.
C.M.B.S. is it's own house of cards right now. Incredible amounts of overbuilding, and speculation on top of speculation.
I DO HOPE you are correct, but seeing and reading everything I have, over the past 15 months, leads me to believe the US house of cards is taller and fatter than most people can or will believe... cause, you know, that's what the news is for: to make it all better... until it's not.
Even if 1 Cent & Co have good intentions, they may get swept up in the big collapse before they gain any momentum... hence, no one to build for.
I agree with your general economic out look, however…
For who are they going to build? Maybe the exponentially growing indoor ag/ vertical farming market where they can produce food all year round, not to mention cannabis growers.
Yes, they need to execute better, and considering where Surna was vs now, it’s clear management is not malicious and actually wants to continue improving and growing the business.
It’s also pretty easy to spot insider enrichment and milking a company for whatever cash they have. So when it’s obvious let me know and we can file a class action.
"Coming years" is a bit optimistic.
We're at the beginnings of a true Federal Reserve implosion. They've been stuck since 2008, and the rot in this country has never been really fixed. And guess what? No one under the age of 40 believes their crap anymore. It's all being outed, right along with the 99.9% fraudulent structure of Wall Street.
I honestly would not be surprised to see the S&P at <2,000 by the end of this year.
MBS going to collapse again = The Big Short, Part II
CMBS in trouble.
SLABS in trouble.
Inflation reporting over 8% now (still a lie).
Groceries = 2-4x price.
Gas = 2-2.5x price.
The jerkoff brass at this company will have no projects to build, and nothing to do but milk that $20mm. What are they going to build... for whom?
This is lack of vision, poor adaptation (or intentional), and disgusting unqualified leadership. Bunch of grifters.
I've been around supply chains for quite a long time.
Everyone has had ample time to adapt, evolve, and move forward.
This is simply lack of vision at this point, and/or laziness, and insider enrichment.
To absolutely no one’s surprise I agree with this post. The valuation of this company as expressed in the share price is absurdity low, and that sucks for sure. However, I don’t believe the executives are maliciously harvesting investment dollars for personal enrichment as some have suggested. Maybe I’m wrong. We’ll find out in the coming years. I’m way underwater and Im pissed about that but I’m glass half full guy with this company.
Half full = “Positive operating cash flow, $22m in cash, over $11mil backlog”
Half empty = “ The "raise” [was for] payroll surplus for the Exec board just so they can ride this out, exhaust the 17M in cash, and close the doors...”
Positive operating cash flow, $22m in cash, over $11mil backlog, looks decent.
Revenue was disappointing, but the supply chain issues are certainly real.
Anyone denying supply chain issues clearly doesn’t understand the current states of logistics right now.
So many companies have lead times that are unbelievably long, in my direct experience.
We shall see what unfolds.
Hard to disagree with any of what you said. This used to be the little engine that could for me, but now it just seems like another BS company that will keep themselves paid off the backs of their shareholders while they fail to produce.
They are in such an emerging market. Why can’t they get it done? I am down 90% and have zero chance to recover thanks to the brilliant RS ratio.
I've been off-line for the last few months but feel it's necessary to post a brief comment after today's Q1 results.
Embarrassing, unacceptable and frankly incompetent.
If someone can explain that what's transpired over the last 6-9 mnths is a genius strategy biz plan, I (and several others on this blog) are all ears. This is far from it. The inability to seize on an evolving industry and promote positive growth, whether through biz activities or organic expansion, is mind-boggling. Using "supply chains issues" as an excuse is simply a failure to do your job.
The "raise" during the Nasdaq uplist was to build a payroll surplus for the less-than-savvy Exec board that is doing absolutely nothing to improve the company's position, just so they can ride this out, exhaust the 17M in cash, and close the doors in the next 4-6 QTRS. Be warned.
The stock will drop below a dollar in the next 10 dys, then we'll see matching value to the pre-split days of yester-year. Wow...never thought I'd see this stock post-split drop below a dollar.
Maybe I'm thankful now I sold 90% of my holdings pre-split at 8 cents.
More supply chain excuses... zzzzz.....
I am so sick of everyone in this country blaming the "supply chain" for all the woes.
"Labor-related costs" is pretty ambiguous too. Be specific Tony. (Honestly, it sounds like becoming top-heavy with useless brass is more important than hiring more engineers, builders and salespeople..... screams scam)
Time for the USA to adapt, evolve, move forward... instead of pissing, complaining, blaming China, and suffocating ourselves with our own regulations and impossible barriers-to-entry, for smarter, fresher players.
They disappeared. Convenient.
Where are all the 1 cent Tony's cheerleaders ?
Wow, the volume is hilarious.
I figured at least a few people would be placing large bets today.
"Hopefully they find a clue soon" ... Or at least a fully qualified clown.
Might throw a line in the water and load a few down here. Who knows they may just have a decent report tomorrow. Couldn’t hurt. Nothing else seems to be making money in this market right now. Here’s to fishful thinking
Imagine buying a company with $20mil cash and 20mil annual revenue at $1
1 of 3 things at this point...
Either:
(1) We've all been had by another insider enrichment scam.
(2) Tony et al, are letting it get shatted-up on purpose, so that maybe "friends" can grab more shares dirt cheap, before some sort of explosion.
(3) The general cannabis market slump has potential clients holding off.
Doesn't really matter which, though. The notion to reverse-split was a strategy worthy of the stupidity of r/WallStreetBets, and 1CentTony is for sure an idiot for doing it, without a sales bomb to follow.
This is now a punching for Shorts. And since the SEC refuses to do anything about Naked Shorts, then the prime brokers, market makers, and hedge funds can do anything their whimsy decides. Surna is just one more company to milk into oblivion.
Agree, they are clowns
Hopefully they find a clue soon
The incompetence of the board shows stronger everyday.
Broke support, could be headed for $1
Oh well, guess we can add there and hope for the best.
How's everyone liking that reverse split? :)
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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
Installation Support
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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