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These recent filings of share exchanges looks very sketchy.
Why would they restate last reports?
Before the end of the month is the deadline, 45 days after original release deadline.
Yeah the amount of nonsense that comes from that guy should be taken into consideration.
It could also be to prevent insiders with shares from selling. Low stock price removes any incentive to sell.
It’s confusing, unless their is a strategy here.
Their marketing and outreach and projects they are displaying appear to be the opposite of what they’re saying. Marketing posts, outreach,partnership with groadvisor, yet language is dark in their filings. They’re clearly spending money to drive sales.
They even got 500k loan from their bank.
I can’t help but think this is planned.
Only explanation I can think of for the language is either management just being very cut and dry and worst case scenario mindset, or they’re preparing for a surprise upside.
Earnings should be out this week
I agree. I’ve been watching this chart these past couple weeks as it’s very interesting. Sideways action, but the acc/dist line and the money flow index have both been going up steadily. I see lots of accumulation happening.
Maybe large buyers that want to keep the share price low and accumulate without bringing attention to it.
Sounds like they need all hands on deck for fulfill contracts they have. Definitely great news. Proving they can weather this economic disaster is very good for long-term share value.
I believe it can be forgiven if they use it for employees correct?
Cup and handle formation very clear. Playing the chart and seeing what happens.
Lots of buy volume today.
Interesting. Sounds like the same situation a lot of my customers are in right now. If they do have access to govt assistance, that’s great.
I take posts on here like this with a grain of salt, but that sounds like what I would have expected, though still the language of the PR is not addressed.
I added 10k shares today under .03, as SRNA seems to always bounce in this area. Currently up to roughly 500k shares. I believe if they can make it through this, the upside is greater than before.
So the question is, if it is a power play, what is the CEOs plan? Clearly he has a vision if he wanted full control.
Who’s going to fire him? He now has full control of the board and the company.
I'm seeing an interesting divergence happening. Check it out. Let's see what happens in the near term.
https://ibb.co/LzZx1X4
We’re at an interesting point in Surna’s history. Can they survive this? The CEO now has full control over the company. Was this his plan? Did he want those two directors to resign? One thing is for sure, the directors leaving frees up around 100 - 300k in cash from reduced salaries.
Wow. Let’s see what happens now.
I just emailed IR this morning to get some answers on this. Hope to hear back today.
I think option A could be viable, as they just had to settle litigation with Trent Doucet about RSUs being withheld due to him not paying withholding taxes.
You make good points. I feel we should reach out and communicate this and try to get more answers.
The macro question is, without Surna, who do growers turn to for application specific climate control and technology? Independent hvac companies? They don’t know as much as Surna? Large hvac manufacturers? Again, they don’t have specific expertise nor do you maybe want to associate with a federally illegal industry.
I think this conference call is necessary to answer these questions.
I agree. I think the 10k is the appropriate place for that language. I think they’re just really laying everything out on the table.
If this economic disruption ends, and they continue on as normal with getting people back to work I think this will have been a smart move.
Overall though, I agree not a good look.
Would you want them to be realistic about all of the possible risks or would you want them to give you hope with the potential of being extremely disappointed and resentful?
A good strategy when you’re investing in a solid company that happens to be in penny land.
I’m a big fan of Surna’s approach to PR. They remain quiet and focused, and only release material news with big implications.
People that don’t like the quiet sell their shares and the price goes irrationally low, allowing myself and the people that know what they own to accumulate at discounted prices.
Doesn’t make sense... exactly why I bought 50k shares this week at the lows.
I picked up more yesterday. Definitely should have waited till today.
This company is and always will be, and always has been since the dawn of time... trash.
500k buy this morning
Oh look, still trash.
Price action does not reflect actual value here. Now up to 400k shares. Potential cup and handle could form based on chart. Best stock in the industry currently. Let’s hope for another good quarter. Backlog looks strong. Continuing to accumulate.
Until proven otherwise, this company is a gold plated trash can.
Reference?
I should have opened a massive short position when I had the chance several months ago.
Just a board full of pumping with nothing to back it up. Share price is right back where it start pre split.
Triple certified trash.
It would be more valuable if you posted evidence that proves this company is NOT trash.