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Agreed. Major cup and handle forming.
Can you talk about your familiarity with the owner?
There is always significant resistance at the 200ma. Always drops after hitting it.
Close above .03 inside the bollinger band is ideal to allow for a continued run without the RSI hitting the overbought zone too soon. Plenty of room to run.
A cross above the 25 line for the ADX and a cross above 0 for the MACD is what we need to confirm the breakout.
Par Sar, ADX, and bollinger bands are screaming "breakout". Adding another 20k tomorrow.
Hope it stays under .03 for a couple more days so I can continue to load. This BB squeeze is mouthwatering.
Agreed on the technical run. However the financing agreement in July included the issuing of warrants at an exercise price of .25. The run in August was to .25. What say you? Referring to the 8k released in September.
Very interesting article. I just have a hard time believing with regulations and standards that it would be eligible to be sold as medical grade. Cannabis cannot be washed so pesticides and other chemicals would remain.
Pharmaceutical grade cannabis will not be grown outdoors...
That is why efficiency is key to increasing profits. Also, wouldn't you say it's too early to make assumptions considering only 3 of 50 states are legal?
Head and shoulders confirmation on the daily.
A green close today will give us three consecutive green candles on the daily, which we haven't seen for quite some time. This will be a bullish confirmation on the daily, moving us closer to three greens on the weekly, in which case will be a confirmation we've been hoping for, and a signal to load the boat.
Loving the sideways action on this. Base building period. I see this continuing sideways into January, ideally seeing a BB squeeze. Inflection point is holding.
Bollinger bands are in a very tight squeeze on this. Good signal and interesting timing.
You will be a very wealthy individual this coming year. As will all those accumulating at this point.
Into the 6's she goes. Bought several thousand and the bid today so far. Interesting chart behavior right before a huge year for the industry begins, and relative to the chart behavior before the run to .25
Buy levels for me are between .07 and .06, lowest will be .0425, anything below that is a collapse of the support and stock will be in free fall. Inflection point is between .06 and .07, last stand is .0425.
We are reaching an inflection point.
How do you know BMAK is in Colorado?
Anything below .0425 it will have broken its support. No one should ever own shares going below that support. Dilution at its finest.
Keep in mind though that using subcontractors does not assume lost revenues, because we are still generating revenue from those installations, we're just outsourcing the labor.
Why do you believe revenue will decrease from finishing installations in the next q?
Agreed. Would be lovely if SRNA had data at Capital Market Labs.
Correction: RSI is currently at 28 on the 1 month, 30 on the 3 month. We're reaching the same level as in August before the run to .25. Very much in oversold territory. Loading time is arriving :)
Very cheap shares at this point from dilution. Will wait and see how low it goes. Once the RSI is below 30 I will load.
Based on the volume , looks like simple profit taking so far. Ideally after amateur hour it'll continue up or consolidate above the 20ma
"In September 2015,the Company entered into securities purchase agreements with three accredited investors, pursuant to which the Company sold the investors 10% convertible notes in the aggregate original principal amount of $440,000, with an aggregate original issue discount of $40,000, and warrants to purchase up to an aggregate of 1,750,000 shares of the Company's common stock, subject to adjustment , for aggregate cash proceeds equal to $400,000."
For the warrants: 400,000/1,750,000 = .2285/share
The run to .25/share was in August:
"In July 2015, the Company entered into securities purchase agreements with two accredited investors, pursuant to which the Company sold the investors... and warrants to purchase up to an aggregate of 1,250,000 shares of the Company's common stock, subject to adjustment, for aggregate cash proceeds of $250,000."
250,000/1,250,000 = .2/share
Another run >.2/share?
Why not? We're the orders not fulfilled and contracts not closed?
I hope there are a lot of questions that will be answered in the cc. Lots of dilution happening from unfavorable financing.
Sorry, revenues of 98k this quarter, same operating loss.
Company only producing around 65k in revenue per quarter, with an operating loss of over 55k. 1.9mil in assets, nine month loss of over 2mil.
Why is this perceived to be worth more than a couple pennies?
If you look at the 3 month, you will see very flat candles that have formed over the past weeks after the downtrend. On the weekly chart you will see two very tight candles that have formed.
Can you please elaborate on why you choose BRWC? And if you're referring to MSRT, GRNH, and TRTC, if by winners you mean cash burning bagholders, then yes, they are definitely winners.
I disagree. It has been flat and building a base similar to the one formed before the first run, with no news at all. Also, how's BRWC?
SRNA has been very quiet lately since their last conference interview. In it, Stephen mentioned they just finished a facility in Colorado where they installed a "couple thousand" lights in addition to a full climate control system.
1. Surna doesn't recognize revenue until a contract is completed.
2. They originally priced their lights at $750 each, and since then have raised the price.
Assuming they sold exactly 2000 lights at their original price of $750, that's 1.5mil on the books not including the climate control system revenue and the revenue generated from their engineering services they originally provided at no cost early on.
I'm Expecting them to drop a bomb with their earnings report, hence the silence. Very excited.
HUGE decrease in operating expenses, and increased revenue. Heading in the right direction, positioned for rapid growth in 2016. Quite surprised by this level of improvement.
Care to elaborate? Would have enjoyed that conversation.
A reverse split is also a possibility, which makes this very unappealing