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There have been hundreds of such videos since 2017. The reality is price is directly related to supply vs demand. There is more XRP supply than demand at this point. Security lawsuit only applies to US-based businesses, not other countries. If Ripple had customers using XRP, it would have risen despite the security lawsuit.
You have to give credit to 1 cent Tony for raising $20m and securing job for himself for many years. Knew all along this would go to otc again. Many folks here blasted me for saying that. All the cheerleaders who supported reverse split seem to have disappeared.
I believe Ripple's Chris Larsen still has about 5 billion XRP. CEO holds about 1 billion. What would be their combined net worth if XRP goes to $1200 ? Probably more than 50% of total money supply.
Practically impossible to happen.
Where are all the 1 cent Tony's cheerleaders ?
make it round figure - 1 Cent Tony. You will be alright, hopefully.
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.
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
Many people think that CEAD is severely undervalued considering cash in hand and market cap. They ignore the market sentiment and the fact that share price is always about future value not the current value. Market sentiment is - company has no growth, not enough cash flow and is going to burn cash in coming months. Share price declines.
Unless company shows solid sales growth, share price will continue to decline.
It won't go out of business in near future since they have 20M+ cash. In worst case, it can get delisted from Nasdaq and trade on OTC again.
I do. I think it is exceptionally dumb whatever they are doing.
If this goes below $1 for 30 days they will be booted from Nasdaq. They better have solid results.
Future dilution will happen. If they want to acquire a company where is the cash ?
Nasdaq listing possible assuming it holds $3 by then.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Same here. I reduced my position significantly for loss because of unpredictability. They could have done this at least at 25 cents All they had to do was more sales. Nasdaq is brutal. Either we get another 50% haircut or massive gain. Only time will tell.
I wonder who is that idiot came up with that name. It's very generic.
https://en.wikipedia.org/wiki/Controlled-environment_agriculture
Yeah, that's the one thing. Another thing is that when stock price above $5 big players enter the trade even on OTC. Suppose Surna does R/S 1:100 and starts trading at $5, it's diffrent ball game.Most OTC stocks lose their value.
okay, Read the concepts behind capitalism.
No big news pending. 2 cent tony has nothing else to do and has free time since there are no big sales or deliverables. So he is working on all these random stuff. But I do expect another pump and dump very soon - a typical characterstic of pink sheet companies before issuing more shares.
Thank You.
I agree, people invested hard earned money for better returns. We have rights to protest. Social media and forums are best platforms to protest against crooks.
I do. I follow Chuck Schumer on twitter and he tweets every other week that he is working on legalizing marijuana while doing nothing. I see "Accumulate and Hold" very frequently on this forum.
I'm probably more frustrated than you are but putting that new intro is not beneficial to us, atelast until we unload our shares.
BTW, did they find loophole in SEC rules ? How could they do that without common shareholder approval ?
Yep. This is acting as OTC pinky under 2 cent tony. I think there will be pump and dump very soon. Sell, run and don't look back.
I'm out at .90. Let's see.
I agree. Something is cooking here. This was a $2 stock couple years back. Management screwed it up. Still a very good company.
I've contacted Surna investor relations and got the clarification regarding the 8-k.
"
These were the only proposals that were approved. All proposals had a different threshold to reach approval and the stock split did not reach the required threshold
"
Yep. 8-k was filed with SEC. If something was incorrect, then they should have filed amendment.
You are right. Everything passed on July 22nd meeting.
https://ih.advfn.com/stock-market/USOTC/surna-qb-SRNA/stock-news/85660079/current-report-filing-8-k
yeah, but how much can they raise capital without diluting too much ? Dilution adds more pressure on stock price. If they are so confident why don't insiders buy from open market ? That will be very good sign.
Ah!! Ok