Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That is *the* question for sure
Sorry I can’t be helpful. Don’t know a thing about it for an otc.
Let’s say you’re right. What should/could we do about it? Do we get together and contact the company? Between all of us we might have 10, 15, 20 million shares and could therefore have an impact. Thoughts?
Perfect response! Right outta central casting. Just kidding. Look, please don’t be offended and take this personally but what I fundamentally don’t understand is why some of you guys are still here. You hate management, they can’t put a single foot right, so why not sell? I’m NOT saying your opinions are wrong, they’re your opinions and you’re entitled to them, but there are loads of stocks to trade. Why not find some in which you are hopeful and optimistic?
Ha. Admittedly funny but you guys need to lighten up a bit.
Always look on the bright side of life,
Some things in life are bad, they can really make you mad,
Other things just make you swear and curse,
When you're chewing on life's gristle, don't grumble give a whistle…
I still see Surna logo on groadvisor site. Am I looking at something different than what you guys are seeing or maybe I’m looking at an old version?
https://groadvisorworldwide.com/company/
https://groadvisorworldwide.com/products/grow-room-greenhouse-control-systems/
“Surna
SentryIQTM Grow Room Climate Controller
A reliable and robust grow room climate controller is important for the health of your cannabis crops. The SentryIQTM grow room climate controller has comprehensive cannabis environment monitoring and control that is crucial for your operations.”
Maybe it’s someone who bought last year when it was 2 or 3 cents and now that those trades have matured to long term capital gains coupled with all the tax talk coming out of DC maybe they think it’s a good time to take a double and wait to see what the next earnings report looks like. I’d like to think it’s something more nefarious, just to keep things interesting, but maybe it isn’t.
Good point. So what do you think is happening?
McCROSKEY: It sure is quiet out there.
KRAMER: Yeah -- too quiet.
McCROSKEY: Looks like I picked the wrong week to quit sniffing glue.
Wonder what 30sec ad on CNBC costs.
Seems clearly addressed in the transcript: “Question, what is the status of the proposed increase in common stock authorization and the reverse stock split?
Answer, shareholders did not elect to authorize an increase of our common stock or to conduct a reverse split.”
Link to the earnings call transcript:
https://seekingalpha.com/article/4450259-surna-inc-srna-ceo-tony-mcdonald-on-q2-2021-results-earnings-call-transcript
SRNA is a sleeper. The valuation makes it look like a Volvo wagon but there’s a 5.0 liter Ford Racing V8 engine with a Kenne Bell supercharger under the hood.
Gotcha. That’s why I asked. The “fold” thing was what prompted the question obviously.
Are you out? Just curious. You’re one of the guys here who really follows the stock, I don’t agree with you regarding TM but who knows, either one of us could end up being right. If you are out, is there a price at which you would get back in, or does your lack of faith in TM make Surna uninvestable for you?
Amen! Also doesn’t make sense bashing CEO.
“Makes no sense why we are only trading at $13 mil market cap”
I think that actually came out on it about 7/14/21.
Amen! As many have said, communication could be much much better. Frustrating.
“ They're all sisters. It's one big conspiracy. Trust me.”
If you haven’t seen “Beautiful Girls” you should. Great movie.
Seems like you’re basing your conclusion on past experiences with different companies. That’s like trying to predict your wife’s behavior based on your previous girlfriends. Sure, they’re all crazy, but past performance is not a guarantee of future results.
If a company is strong going into a reverse split it will come out of the split just as strong. The reverse split isn’t going to affect the company’s fundamental operations. If doing a reverse split gets us noticed and drives more interest in Surna then I just don’t see the overwhelming downside you predict. If, on the other hand, a company is circling the drain and executes a reverse split as a desperate last move then I completely see your point. However, I think we all can agree, Surna is not circling the drain.
I don’t want to put words in your mouth so if you have some analysis specifically about Surna and the danger of the CEO’s proposals then please, let’s discuss.
Jeez. Take a few days off and come back to a near mutiny!?! As always I appreciate the passionate predictions and prognostications - a little less name calling might be nice but to each his own. I’m still a buyer and don’t feel the animosity toward TM felt by some here. Perhaps my faith is misplaced but who knows, if I were really good at this I’d be posting on the “best beaches for swimming with bow legged women” forum not Investorshub :)
Agreed. Surna is a strong company getting stronger.
Nice. I picked up lots more too.
Agreed. Also a more significant effort in public and investor relations will help. The recent performance is a good read and I continue to be surprised the stock gets little attention relative to other companies with similar numbers and that similarly benefit from these changing times. .
I’ve done a deeper dive into the company and have been / will continue to add to my position (own more than 3MM shares). Don’t want to reignite or rehash the R/S debate, I respect (most) everyone’s views on (most) topics discussed and believe (most) of us are genuinely interested in the long term success of SRNA. Having said that, I’m not afraid of an R/S (should one happen) nor am I afraid of a dilutive raise that increases cash on hand for growth initiatives. Further, although not a panacea, I believe uplisting will greatly help our cause and, since this sector’s train is ready to leave the station, a timely uplisting is important.
Thanks for all you insight and advice over the years. Hope and expect we’re about to embark on a new chapter.
Usually an “assume the worst” guy but in regards to dilution I believe (correct me if I’m mistaken please) TM will suffer the same dilution and will therefore be careful and smart balancing the benefit of added capital for growth with the increase in available shares.
Agreed.
Guess it depends on definition of "legitimate results". I don't think a r/s is, in and of itself, an indication of illegitimacy and when weighing the legitimacy of a company's results I bet top and bottom line numbers have a greater influence over innocuous share price engineering.
If there is a "rush" to get on the Nasdaq it is perhaps a rush because we are at a bona fide tipping point in this industry. As noted frequently on this forum, there is now a triple threat of unprecedented activity on the legislative front, in popular opinion, and in investor sentiment. So, if we are rushing to catch the top of this wave then I say paddle hard! In the immortal words of Jeff Spicoli, "all [we] need are some tasty waves..."
Still unclear about the anti r/s sentiment. Voting before we have all the information from the company (like the release this morning) seems ill advised.
If we reverse split, uplist to the Nasdaq, and get included in some of the ETFs wouldn’t that be great news for us?
Again, as always, I’m not saying anyone is wrong rather I’m saying I haven’t heard any rational explanation for voting “no” *now*. Surely we can’t form a conclusion before getting the full picture from the company and surely we wouldn’t vote “no” just because frequently a r/s has not worked for other companies at other times in other markets.
I’m keeping an open mind for the moment.
I understand the trepidation regarding reverse splits. Yes, usually reverse splits turn out badly for investors. However, that’s not always the case and I’ve always thought applying rules of thumb is only going to get you so far.
“A reverse split can signal that a company is financially strong enough to be listed on an exchange. The stock price will increase enough to meet the exchange’s minimum price requirement. If you own stock in a small company that has seen increased sales and profits, the stock price should continue to rise after the reverse split.” --Zacks
I think the reason many companies falter after a reverse split is because many companies enter a split from a position of weakness. So, *if* there is a split, what you have to ask yourself is, “why is the company proposing it and how’s is the company doing?” I won’t be voting to approve a split if I don’t get good reasons and see good Q1 results from the investor day.
I’m certainly not saying anyone is wrong for thinking the worst about a r/s, it’s usually bad news, but I’m here looking for unusual behavior. Otherwise I would be investing in CARR...oh wait...that may have been a better idea...
No sense evaluating potential actions in a vacuum. The devil will be in the details. I could care less about a RS so long as it’s done for the positive reasons highlighted in previous posts. Since I don’t know the details I’ll go with what I do know: Surna is doing well in an expanding market in a booming sector, has demonstrated resilience during covid, been a good stewardship of capital, is fostering key partnerships, and has strong leadership.
I own 3M shares and have been / will be adding.
I don’t care about the RS. Doesn’t matter how many shares I own, only matters what they’re worth. The question I have is why will be the valuation of the new issuance? If it’s a down round then maybe that’s bad for us but it all depends on the number. I’ve been in SRNA for years and own a ton of shares. I don’t see cause for concern. Too soon to jump to conclusions.
Outstanding.
The calm before the storm. I think I see Earnings coming over the ridge now. Maybe.
I’m gonna say Thursday March 25. We should have gotten a pool together.
10 days til EOM. Bets on earnings release date?
I saw/thought that too. Agreed. Plenty of applications for their products and expertise.
Starting early this morning...