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I honestly don't think they do, but I am holding long here in case it gets pumped. Surna was in a very dire situation before the split and the RS was the only way that management thought they could save it. I think it is more of a desperation play.
Tony has been running things for a couple of years now and hadn't really seen any progress. In fact, the share price hit all new lows multiple times over the last 3 years. Tony is frustrated and throwing a Hail Mary. You can read the desperation in most of their filings. There is always ample language speaking to the fact that they might go out of business. They didn't include this language just to cover their ass, they genuinely think this company could go under.
If management is telling you in writing multiple times over that Surna is in trouble, you should listen.
These are bargain prices. CEA Industries/Surna has more up their sleeve. They don’t just uplist to nasdaq and then go belly-up. They have a plan. They’re not panicking. Just the posters on this and Yahoo board
CEAD $$$
Have been buying as much as I can all week to average down. Market cap even after share offering is undervalued, based on industry multiples for similar companies.
I guess the question is…Tony are you sitting with the nut flush…or are you bluffing and hoping the market buys it?
Everyone keeps talking organic growth. Well that growth starts here. Hopefully all have been diligently buying down their cost basis even prior to RS. Not taking advantage this weeks discount would be looking a gift horse in the mouth. Like someone here mentioned it’s the equivalent of loading up at .015. Tripled my position this week. Good luck to all! Exciting trading days to come IMO.
Fair enough...capital raise is beneficial and we know they want acquisitions.... can't wait for quiet period to be over... painful now.... Those numbers show believers..... SP does not...I worry about shorts targeting....
Offering closed, raised around $22mil and the option to purchase an additional 861k shares or warrants was taken, so they bought an additional 761k warrants.
Now that the offering is close they can start issuing PRs, I imagine there’s a quiet period during the raise so as to not manipulate share price.
Stock price for one would be a good req....they better do something fast. Maximizing stock price is # ! and they were a lot better one week ago.
It's fairly common for mid-to-massive investment funds to avoid companies that do not meet certain criterion, one such being listed on the NASDAQ.
Obviously, CEAD will have to maintain base recs to be NASDAQ-listed, but is a good step in the direction toward large capital investments. It should help CEAD growth within an already rapidly "growing" industry, both for MJ and table food. At a minimum, being on the NASDAQ boosts credibility.
There is a triple catalyst to further investor interest, IMO.
I could not agree more...RS and big news should have come simultaneously....
The reverse split blues have been humming the refrain for months (if not years). Based on public information below is what we know;
Third Quarter Report - announced Nov 10
Q3 Revenue - $3.7 million
Q3 Bookings - $5.6 million (near record)
Q3 Backlog - $9.9 million
Fourth Quarter - announced no later than Mar 31
Q4 Revenue - convert Q3 Backlog of $9.9 mil (need $5.6 mil to reach $15.0 for 2021 which was the target)
Q4 Bookings - ??? will include 1) Preventative Maintenance contract - Nov 11 PR, 2) $2.1 mil contract -Jan 13 PR
Q4 Backlog - ??? will include bookings. Needs to exceed 3Q $9.9 mil to show growth.
First Quarter - announced no later than May 16
Q1 Revenue – convert the (hopefully) impressive Q4 backlog. Preventative Maintenance contract promotes recurring revenue.
Q1 Bookings - will include 1) $3.4 mil contract -Jan 4 PR, 2) first Lighting/Benching contract.
Q1 Backlog – Improve over Q4 backlog?
ADDITIONAL PERSONNEL
Thu Apr 15th, 2021
Surna Announces Representative Agreement with RSX Enterprises
Tue Jun 29th, 2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO
Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development
Thu Jan 20th, 2022
CEA Industries Inc. Announces Appointment of Two New Board Members
Tue Feb 1st, 2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager
PORTFOLIO ENHANCEMENT
Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden
May 04, 2021 Surna Announces New Organic Growth Strategy (below)
Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller
Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services
Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family
Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services
Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line
Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up
Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights
Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line
REVENUE
Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts
Tue Jan 4th, 2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation
Thu Jan 6th, 2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts
Thu Jan 13th, 2022
Surna Cultivation Technologies Signs $2.1 Million Contract
Then why not hold this whole thing until early March? What is the sense in doing the brutal RS and rushing to NASDAQ if you have nothing ready to go? Make no sense at all.
Hopefully we are wrong and they have something to announce this week…
It looks like we are going to have to wait until mid March for any news. This could get brutal between now and then.
I will keep faith also....I will try and stay positive, maybe they can post some revenue from that 10 mill back order....
I didn’t say anything about good news, I was just saying I have confidence in the people running the show. Certainly none of us wants to see the SP where it is now but I’m reasonably sure bitching about it here isn’t going to help our collective cause. The truth is none of us has any genius insight, we’re all playing armchair quarterback. I’m just choosing to have faith. The minute I lose faith I’ll sell my shares, move on, and (obviously) stop posting here. I understand a persons need to vent frustrations, and I’m not trying to brow beat you, I’m just voicing the glass half full side.
Real Genius advice here Mortimer?...What makes you think this is in any way good...market value slashed. Getting late for the offsetting good news.
We were better off one week ago and not doing RS....looking for that secret big news....
Now it is $2.58, aka .0172
Seasoned veterans know their own cash forecast better than CEA's. I wonder what they spent on all these financial services only to see stock flounder with the RS issued while inflation, interest rates rise, and on the brink of war...great timing. This Choo Choo train did not need RS... now a short's target. I am holding, but as everyone says how about some BIG news which shows revenue and profits in the bank?
I’m with you. They know what they’re doing. Their professional services know what they’re doing. Look at the people they’ve hired to take them through this process. Seasoned veterans.
I believe adding 6 million shares raises the cap to $18 million. Correct?
Market CAP 3.8M. I has to change; it defies gravity!
Always do your own DD!
Let’s see what happens this week. I believe they have news to share. $5mil in new contracts doesn’t justify all of the stuff they had to do to get here. They must know this.
I’ll be the one that believes they actually have a plan and they didn’t blow it by releasing some news before split and uplist.
Yes, but if they had any positive news to share, BEFORE the stock sale would have been a good time. Now they are offering shares at all time lows. This company hasn't been well managed from the beginning. They always had good products and a good idea, but a total shitshow from a management perspective.
I guess I am pointing out that I do not believe there is any good news catalyst happening in the immediate future, they already released all the good news that the currently have to try to boost the share price before the split and that was a huge mistake. Those news releases would have went much farther after they were already listed on the Nasdaq.
I still think this company can turn this around, but there is far more pain in store for us in the future.
The vast majority of the time capital raises like this are priced at a discount to current market price, this is nothing shocking. At the time of announcing the raise the share price was around $5.
I do. I think it is exceptionally dumb whatever they are doing.
Does anybody else think it is exceptionally dumb to issue new shares before any positive news? Are we so sure positive news is coming if management was so willing to sell shares for such a cheap price? Also, if management is this bad at making deals, are they going to use the money to buy good companies at a good value? They don't seem to be able to spot a deal if it hit them in the face.
That PR better come out fast....markets simply hate RS.
You guys need to relax. It’s been 1 day and they haven’t even released their first PR.
Already happening... Down over 48% on today's session, alone.
I'm making a very important correlation here Einstein.
Surna/CEA is not anywhere ready to uplist. This is ripe for getting blasted by the same technique that has likely torn hundreds, or even thousands of similar companies to pieces.
One of the derps is our moderator
Love is beautiful! Doubling my position!
Always do your own DD!
What this company needs is the perfect cheer! In lieu of that, here is a wrap up of press releases that may help lift shareholders' spirits and get through those dreaded post-split blues.
ADDITIONAL MANAGEMENT
Thu Apr 15th, 2021
Surna Announces Representative Agreement with RSX Enterprises
Tue Jun 29th, 2021
Surna Cultivation Technologies Announces R. Brian Knaley as New CFO
Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development
Thu Jan 20th, 2022
CEA Industries Inc. Announces Appointment of Two New Board Members
Tue Feb 1st, 2022
Surna Cultivation Technologies Announces Leandru Schiau as New Product Manager
PORTFOLIO ENHANCEMENT
Mar 16, 2021 Surna Inc. Announces Strategic Partnership with Anden
Apr 15, 2021 Surna Announces Representative Agreement with RSX Enterprises (below)
May 04, 2021 Surna Announces New Organic Growth Strategy (below)
Jun 08, 2021 Surna Cultivation Technologies Introduces High Efficiency EcoChill™ Heat Recovery Chiller
Jun 22, 2021 Surna Cultivation Technologies Introduces Preventative Maintenance Services
Jul 14, 2021 Surna Cultivation Technologies Introduces EnviroPro™ Air Handling Product Family
Jul 29, 2021 Surna Cultivation Technologies Announces Cultivation Facility Architectural Design Services
Sep 02, 2021 Surna Cultivation Technologies Introduces VRF Product Line
Wed Sep 29th, 2021
• Surna Cultivation Technologies Announces Benching and Racking Line-up
Thu Oct 14th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision(TM) LED Grow Lights
Thu Nov 11th, 2021
• Surna Cultivation Technologies Signs First Preventative Maintenance Contracts
Thu Dec 9th, 2021
• Surna Cultivation Technologies Becomes Authorized Reseller of Air Sniper Air Sanitization Product Line
REVENUE
Thu Nov 11th, 2021
Surna Cultivation Technologies Signs First Preventative Maintenance
Contracts
Tue Jan 4th, 2022
Surna Cultivation Technologies Signs $3.4 Million Contract with Aeriz Holdings Corporation
Thu Jan 6th, 2022
Surna Cultivation Technologies Signs First Lighting and Benching Contracts
Tue Jan 11th, 2022
CEA Industries Inc. Announces New Senior Vice President of Corporate Development
Thu Jan 13th, 2022
Surna Cultivation Technologies Signs $2.1 Million Contract
Big news better happen ASAP, before shorts play tackle football on CEA. RS not well received. Tute advisors/ broker/ lawyers/ execs, trying to make money....what about the retail investor....don't want to be a bag holder... Money for acquisitions great..but they need sales/ profit NOW!
Yeah not sure if it’s been close and shared have been issued yet so I’m working with pre money.
An additional 6mil share to bring it to 7.6mil shares outstanding is nothing if you think about it.
One big PR can make this move quickly.
They also did an offering for almost 6,000,000 shares at $4.13
1.6mil shares outstanding pre money, volume so far today is almost 1mil. Would not be surprised if the entire o/s is traded today.
Can’t see float number so going by o/s
Are we not Stickying the NASDAQ news?
Have they not been selling?
Let's stay focused on CEAD and not be so bothered with Citadel vs. GME.
Be well.
Dude, 1.8 Cent Tony just put this company on a timer.
THEY NEED SALES ANNOUNCEMENTS.
And for anyone here on this board, who has been following the Citadel vs. Gamestop story for the past 1 year (doubtful): you understand the at-will destruction of targeted stocks through synthetic share creation, by a company that has the power of both a hedge fund AND market maker.
Delisting: Yet one more reason why they need to show up with some big announcements.
Anyone really think institutional investors are going to jerk with this stock, as-is. Here comes the short pain. And heaven forbid Citadel (or similar villain) cranks up with their synthetics machine.
If this goes below $1 for 30 days they will be booted from Nasdaq. They better have solid results.
No. I am holding free shares so that helps, but it is hard to see your account drop by tens of thousands for no real reason.
Well if there were any naked shorts by the MMs, they would have to come clean due to the up list. Other than that, I have yet to be in a R/S that worked out in favor of the shareholder. Holding...
I have plenty of bananas from Gamestop holdings. Would you like one?
It appears that I will be eating beans and rice for a while. Ouch!!!
$CEAD: Used to be Surna..... showing $3 on the bid
https://surna.com/content/2021/05/Mapping-Out-the-Cultivation-Success-Story-Surna-Special-Report-2021.pdf
GO $CEAD
CEAD moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
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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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