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My mistake, upon second glance, I made a wrong assumption but either way it's good news.
I understand they recognize revenue when the job is complete and they had just posted two newly completed jobs on Instagram on May 9 and July 18. I (might have) incorrectly assumed that one of those was their installations that was referenced in the PR. However, that might be another job which would be even better for the bottom line.
They have the 1.4 million of deferred revenues from reflector. Then a majority of the $1 million PR was realized this past quarter. That leads me to believe that there is at least 2 million which is more than Q2 2015. I'm hopeful.
Appreciate the insight
I read it. Thanks. I will dig further
By the way these forms were published on June 16. On June 15 you posted in this group that you were increasing your position. As an investor at the time you should already know exactly what's on these forms so there should be a simple answer on your part...unless you're a hypocrite and have no idea
So you are telling me I'm wrong with the filings?...As someone who is so outspoken just tell me I'm wrong if I am wrong (instead of just using scare tactics) and show me the light.
I did I couldn't find much. Can you post some links.
There is nothing that resembles a fact in your previous statement. You sound a lot like you did before their Q1 financials.
Please disprove what I am saying as this is the purpose of the board and as I mentioned I'm not 100% I'm interpreting the forms correctly. But in reading through the documented forms it seems like they did just that. What are your thoughts?
Correct me if I'm wrong, but after reading the forms it is my impression that they sold shares for close to $0. Seems like management is very focused on what's best for the company.
How do you know that? Are there any articles that support that?
Don't invest then. Just please don't spam the board with statements that are no accurate
Agreed if you believe in the fundamentals of this company then there should be a time when positive volume and demand overwhelms the MM. Until then this is a HUGE arbitrage opportunity. It's very rare a situation like this exists: growing billion dollar industry, growing million dollar company, undervalued stock price.
I tried following what you were saying but got lost in some of it.
Maybe I'm not reading the latest forms correctly. But I'm pretty sure if you analyze the blocks of stock they just sold it was sold for close to $0. Doesn't seem like someone who is trying to indulge to me. As far as compensation goes, as long as they turn a net profit that is a huge victory. Last quarter they had their first operating profit. I'm hoping it continues and increases. Q2 will be an indicator of this.
I believe they are focused on building the business and less on pumping the stock. They go to a lot of conventions to get their brand out there. If they can develop solid fundamentals investors will flock to SRNA. It is a long term play and they have a long term focus which is why I'm such a huge fan.
I am in both $rna and AMMJ as well. I am in them for the long haul. I feel as if the environment we are in could potentially send either one skyrocketing within a day. In my opinion they are the only two credible OTC MJ stocks.
I'm looking at the ask and the bid. What's your point?
Based on these prices AMMJ probably sold these to them for .50 cents a piece. If you assume a profit of .30 cents for every bag sold (.20 cent production cost) for AMMJ that's $30,000 in profit. This is just one sale!
I think you are wrong. I think if it does move up from an event like Q2 or legalization I think support level will jump to at least .25/.30. There is still a little hesitation on investors parts or the word isn't out enough about Surna but if it breaks past .10 I think it is because investors are pouring in. If the company continues to produce financials similar to that of last quarter I believe Surna is currently way undervalued.
Could also see .01, .10, .23, or .45. He possibilities are endless!!!
When did this come out? I don't see a date. Was this Q3 of last year?
Thanks
Can you resend the link for this video
What is your motivation to tell us to get out? Is it your personal mission to save investors money?
Who made the most money during the gold rush?
*hint it wasn't people selling the gold
I agree with everything you said, but just because stocks are being driven by macro level factors that doesn't mean that the Q2 financials can't be the catalyst for this stock. They are not mutually exclusive. I feel as if most pump and dumps will revert to macro level trends, but given Surnas historical moves I don't think there will be any major moves regardless of macro trends until the Q2 report
If anyone thinks anything major is going to happen to this stock before Q2 financials in a month then you're probably going to be disappointed
The financials and the website bogus too? Is the so hum patent bogus? Is all the consulting work they've done bogus? I think the stock price dropped because once the financials came out people realized the market cap was way overvalued based on their revenues. If you believe in how this company is trending and its fundamentals even if it dilutes 30 million shares it's still in great position for a run.
Thanks stockzoom! Btw check out the comment I'm responding to. Look familiar?
Thanks stock zoom!
More news out for AMMJ! Now I'm California! Given the recent flurry of activity it seems pretty realistic that the Tangiers funding is being used to expand the company, not enter the company into a debt and dilution spiral
Can you discuss company revenues? How have they been trending? How are there margins trending? Does this stock have a low float?
Here is why you can't be trusted
1. You post the same thing on every message board
2. You genuinely think that because the stock has recently gone down (although all MJ stocks have followed suit) you are correct. You are the type of guy that claims its always going to rain and then when it rains three days in a row you brag about how big you are
3. You offer no facts in your statements
4. If you were truly confident in yourself you wouldn't feel the need to post twice
I don't see them as crooks. They are providing us another great opportunity to load up before Q2 financials. I am grateful for this opportunity.
I am hopeful that Q2 financials will be the game changer.
I see what Trent Doucet did with his last company and that speaks volumes. I believe Surna is in great hands, while consistency in management is preferred, a lot of the important pieces have fallen into place.
I agree but a few things to consider
1. She might not be patient enough to wait out the ramp up period
2. She might not be happy with the compensation she is getting paid in the prime of her career
3. While execs have changed financials up to this point have only increased.
I see what you are saying but I don't think this is a doom a gloom scenario and I am cautiously optimistic and excited to see the Q2s. That will pain a better picture than any news can.
I would think she left because of the delayed compensation. She seems to be in the height of her career and probably got another opportunity that paid more today.
Gotcha thanks
What are communication signals?
Based off their previous financials and overhead I believe this loan is being used to grow the company, which should theoretically yield a return of greater than 8%. They are either using it to build more product due to high demand or higher new human capital. They don't have much overhead being a consulting company.
Great contribution stock sleuth! That was really informative. It's really hard to argue against that. I am so glad someone like you is here to contribute.