Did you read it? They are not selling more shares, a warrant holder is offering their own warrants through an S-1 on behalf of CEAD. Those shares and warrants already exist.

I agree with your general economic out look, however…

For who are they going to build? Maybe the exponentially growing indoor ag/ vertical farming market where they can produce food all year round, not to mention cannabis growers.

Yes, they need to execute better, and considering where Surna was vs now, it’s clear management is not malicious and actually wants to continue improving and growing the business.

It’s also pretty easy to spot insider enrichment and milking a company for whatever cash they have. So when it’s obvious let me know and we can file a class action.

Positive operating cash flow, $22m in cash, over $11mil backlog, looks decent.

Revenue was disappointing, but the supply chain issues are certainly real.

Anyone denying supply chain issues clearly doesn’t understand the current states of logistics right now.

So many companies have lead times that are unbelievably long, in my direct experience.

We shall see what unfolds.

Imagine buying a company with $20mil cash and 20mil annual revenue at $1

If you were a bag holder going into the split and uplist, then yes they didn’t care at all about the effect this had on legacy share holders. In their defense though, there weren’t many of us.

That being said, it’s been a very profitable stock to trade, and I anticipate with all of the new officers and department heads, they are using the cash to execute.

Bu the end of the year I wouldn’t be surprise if we were trading around $7-$10.

It’s an easy swing trade that’s for sure, as the small float allows for quick profits on a green Day. I see resistance at this level, between 2.20-.30, so i added here for another swing trade.

I’ll watch carefully as we get closer to Q1, as we would hope for acquisition news or a couple more big contracts going into earnings.

I agree that they didn’t handle it as well I would have expected, like bigger contract news or acquisition news, but big picture wise they were running very lean until their cash raise, so I expect big things this year more than ever.

Since the uplist and split, I’ve made several thousand trading it.

At the end of the day they have $25mil in cash now, more than ever, which allows them to execute on probably a lot of things they could be before.

Their share count is still extremely small even with the share sale. Smaller than a vast amount of other companies with similar revenue on the Nasdaq.

I’m looking at 2022 and forward. Everything before is out of the way now. I’m not comparing anything to that moving forward. Q1 will tell all, as it will reflect their current balance sheet and backlog.

2022 is all that matters now. ‘20 and ‘21 have been waiting to be in the rear view.

Probably will be a morning dump and overreaction. I will load up on that and it’ll be back at 2.66 by EOW.

It’s always good to have low expectations. Then you’re not disappointed and you are not subject to “loyalty” for a stock.

With that said, CEAD will have a huge year. They got the split and uplisting out of the way, and now have much more exposure in the public market.

They will acquire at least one company this half, and I’m sure will announce many new, large contracts.

What I really want to see is1Q22 results, as the cash from the raise won’t be on the balance sheet until then, and a fresh look at their backlog will be in that report as well.

None of this goes without saying, we may be in for a huge surprise for this report coming next week.

Still here, accumulating these extremely undervalued shares

What’s most interesting is originally, Surna had around $2mil in cash and sales growth, yet was trading around .04.

Now they have over $20mil in cash, more sales growth according to their social media posts about recent contracts, and yet they are trading around .01 pre split, and the O/S even more now is giving us a market cap well below their cash on hand alone.

I am buying here before the market realizes how ridiculously cheap CEAD is right now.

Have been buying as much as I can all week to average down. Market cap even after share offering is undervalued, based on industry multiples for similar companies.

Offering closed, raised around $22mil and the option to purchase an additional 861k shares or warrants was taken, so they bought an additional 761k warrants.

Now that the offering is close they can start issuing PRs, I imagine there’s a quiet period during the raise so as to not manipulate share price.

Let’s see what happens this week. I believe they have news to share. $5mil in new contracts doesn’t justify all of the stuff they had to do to get here. They must know this.

I’ll be the one that believes they actually have a plan and they didn’t blow it by releasing some news before split and uplist.

The vast majority of the time capital raises like this are priced at a discount to current market price, this is nothing shocking. At the time of announcing the raise the share price was around $5.

You guys need to relax. It’s been 1 day and they haven’t even released their first PR.

Yeah not sure if it’s been close and shared have been issued yet so I’m working with pre money.

An additional 6mil share to bring it to 7.6mil shares outstanding is nothing if you think about it.

One big PR can make this move quickly.

1.6mil shares outstanding pre money, volume so far today is almost 1mil. Would not be surprised if the entire o/s is traded today.

Can’t see float number so going by o/s

They already laid out their capital raise plan. They’re issuing shares post splits to raise up to $76 million, around 5mi shares and warrants.

1.6mil s/o up to 8mil s/o is literally nothing.

They also amended the a/s to 200mil

Agreed. They better have a lot of material news to justify all of this, otherwise it’ll go right back down to zero.

I imagine they have a plan.

So that begs the question:

Based on everything they’re doing right now - raising tens of millions of dollars, uplisting to the Nasdaq where the cost of being a public company is much more expensive, bringing in institutional investors - do they have information yet to be shared?

2.1mil in revenue certainly doesn’t pay for all of the salaries of the people they hired… do they have contracts and revenue coming in they haven’t shared yet? Several multi million dollar contracts, recurring service revenue, selling lights and ancillary products outside of normal contracts… I imagine they have a lot they need to disclose to the public.

Maybe their getting all of this taken care of, as it’s pretty messy, and then opening the gates to a ton of important information that justifies alll of this.

Not much volume today, no selling. Tons of buying yesterday so good sign of consolidation.

From the 850m

SRNA is in a quiet period following their S-1 filing

https://www.investopedia.com/terms/q/quietperiod.asp

Looks like Surna is raising $18million before moving to uplist to NASDAQ.

Their plan is to use this $$ to acquire other companies to increase revenue

https://newsfilter.io/a/f6c2f80f0e188584257a0040bee89e33

The 2nd 500k loan they received from their bank was forgiven via PPP from the feds.

I’m curious as to what they will do with the name Surna. Will Surna Cultivation Technologies be a brand/subsidiary of CEA? They have so much material and history with Surna, I can’t imagine it’ll just disappear. They also just changed their trade name from “Surna Inc” to “Surna Cultivation Technologies”.

I would like to think there’s a larger plan here. Surna will be a branch of CEA, and acquisitions/partnerships will be additional branches under CEA.

It could also be like when Medicine Man Technologies changed their name to SHWAZZE. Their original name and everything related to it just disappeared.

$5.6million in new backlog added this quarter, second highest in their history.

Revenue was $3.7million, 127% increase over last year quarter.

They said in the call that a bunch of orders were delayed due to shipping issues which should be recognized next quarter.

Any second now for earnings…

Conference call on Nov. 10th, so earnings should be out before then.

https://finance.yahoo.com/news/surna-schedules-third-quarter-2021-131500262.html

I noticed when they did the initial shareholder vote, they had a vote on some things that seemed weird, it was as if they put it these certain things anticipating shareholders wouldn’t approve what they wanted, so they now have a way to do it anyway and the shareholders voted on the actions they’re using now.

Stochastic RSI at 100, needs to cool off, probably slight pullback to recent support before retesting.

Cash on the side waiting for this.

Just bought another 20k shares below 6. Speculating that they have big news to share to justify all of their plans they announced.

Surna Cultivation Technologies Becomes Authorized Reseller of BVV Neocision™ LED Grow Lights

https://finance.yahoo.com/news/surna-cultivation-technologies-becomes-authorized-131500269.html

I don’t think there’s anything wrong with having an exit strategy. Certainly they could grow into a massive HVACD+ company, but why not build a company with some proprietary IP and sell it at a premium to a monster who will eventually unleash themselves into the market once it’s federally legal.

Before we dog the sales department let’s see what this report has in store and see if those large contracts that were pushed into this half will hit the books and show a big uptick in backlog.

No news other than them announcing the financing, and retiring 400k in debt using that financing agreement with Evergreen, so nothing significant to justify the price action.

It was a warrant purchase agreement with an exercise price of .16 so could have been a big move for a warrant exercise.

I looked more into Evergreen Capital, and noticed they had a warrant purchase agreement with a company on March 8th 2021.

After this filing was released, for 10 days straight the stock shot up from about .14 to an intraday high of .57.

Just thought this was interesting. Wishful thinking says this happens with Surna.

I see a lot of Anden products, Surna has a partnership with them for the exact products on GroAdvisor.

Could be they will update it with Surnas new name, CEA Industries.

This is way oversold.

Stochastic RSI on the daily is at 7, monthly is at 2.

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