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Wonder why Chineseinvestors.com, an insider, is unloading shares per their recent form 4's
Closed above the 200sma today, a wonderful indicator. Now we just to sustain a trend above it.
Lumigrow is a major competitor as far as lighting.
SRNA is one of the only unique and legitimate companies in the sector posting a positive operating income with explosive growth. I'd say the only other company having similar success would be MDC$.
TIMBERRRRRR
If that's the case, why wouldn't they just release them tomorrow after market close? That would be the best way to cushion the blow. Why would they release them on Monday morning unless they wanted everyone to have the Chance to read it and react.
TIMBERRRRRR!!!
Today marks a very significant point in my book. All of my biggest winners since I first stepped foot into the stock market showed 3 consecutive green candles, as we see today on SRNAs chart. 3 very tight green candles with minimal volume. I look forward to seeing if this setup once again holds true.
A real acquisition announcement would include current revenues and projected revenues. They could have bought them for $1000 bucks. We wouldn't know.
Looks like the Hybrid Building is a winner.
https://instagram.com/p/BEg7eV3S2k0/
50k wall on the bid at .098 pre market, nothing but wide open fields on the ask.
Hmmm
As you can read, I stated it can go either way. I have plenty of cash and shares ready for another green candle, but looking at the numbers relative to other similar companies there are certainly alternative scenarios.
I think an upward continuation is certainly possible tomorrow, mostly based on hype, but sadly I think you are correct. The companies numbers are weak and definitely makes this company worth no more than .03 - .05 cents.
A great multi flipper the past couple days no doubt, but reality will soon take over once again.
Very impressed by the strength here today.
Love this, as general as it may be, still a confirmation of what's to come:
From their 10-k
"We also acknowledge that as the cannabis industry evolves here in the US and globally, we may change how we generate revenues, including adoption of equity and participation models as well as the acquisition of other businesses that fit within our overall structure and culture as a business entity. This initiative will become a series of other valuable bolt ups to our overall business structure that will also allow us to take advantage of aggregation of the groups back of the house support elements so that accounting, operating, insurance, HR, and other functions may be performed more efficiently as we grow over time."
Can someone confirm the 750k buy at .0845? After hours?
Makes sense why their liabilities are so small along with their operating expenses. They barely take a salary, and overhead is minimal. They have a very lucrative plan.
Selling EOD. Most Cannabis stocks, if not all, that released earnings thus far have tanked after the release. GRNH, having such a significant operating loss, is no exception. Look at TRTC, SRNA, even MDCL, who even posted a profit. All dropped.
CANV may be another story, but is certainly not exempt.
I'm expecting a red close today and a red candle tomorrow.
Can you provide evidence of their 15mil in revs? I noticed the CEO of MDCL also runs Medicine Man Denver. That is huge if they actually produce that much rev, and when the time comes they can merge and this will skyrocket.
Earnings report was as expected. Net loss was larger due to finishing up those top line installation contracts.
First quarter earnings for this year will be the real game changer, as it will include all reflector sales, and no more installation contracts.
A close near the hod will confirm a great bounce off of the 50sma as support.
Agreed. Share structure is ideal for a monster run.
Bid moving up!
As of 2/22/16 11:39am, SURNA shows an outstanding share count of 130,389,928. As of 1/31/15, the outstanding was 193,472,144.
Beware of the shorts spewing their garbage on this board.
Major convergence of the 50 and 100ema, along with the 20sma happening today.
Agreed again. I held on to a good amount of GRNH today. A close above .05 on the weekly will be ideal tomorrow.
Agreed. At such a low share price it's very easy to make significant gains on small movements.
Have flipped GRNH a couple times now. I don't view GRNH with as much interest as SRNA, however.
I agree. We are trading well below revenue. P/S also confirms how undervalued we are. Our low price is mostly due to convertible notes, as a lower share price means more shares for the financiers to convert, which means more room for manipulation. We will not be down here much longer. I am still accumulating at these levels and will continue to under .10
Could mean a several things: BMAK is still diluting, moving shares on both sides to rid them faster, or having a hay day with this low volume, making money on the spread. It could also mean BMAK is out of shares, so they are accumulating.
Looking forward to seeing their growth. Not expecting any sort of profit from Q4 but certainly significant growth.
You forgot to highlight the word "projected"
..... No debt....? 31mil.
Cumulative net loss of about 31mil... Net loss you is shrinking, but still loss of over 8mil last year. Total assets of almost 10mil. Less cash, but an increase in accounts receivable and inventory.
300k buy order this morning. Has a lot of strength behind it, unlike many other companies in the sector.
I'd say it has a bit more meaning since it was originally scheduled for 2019, but they urged that it be earlier. I'd say there will be significant decisions resulting from this if it is so urgent.
Upcoming UN meeting on Drugs. Very big opportunity.
https://enewspf.com/2016/03/11/world-leaders-call-upcoming-un-special-session-an-historic-opportunity-to-end-failed-war-on-drugs/
What about the outstanding shares? I called them earlier this month.
When PUMA shows up, there are one of two things that are happening:
1. Accumulation before a significant event or an upward move
2. Short covering before an upward move
Essentially when PUMA shows up it is a significant signal that there will be movement to the upside.