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I am equally disgusted with them and share your same thoughts. I am wondering if the partnership they announced today could lead to them being bought out via a tuck-in acquisition. EQUOVA did two of those last year. I just have no idea how good or bad that is for long shareholders who were here pre devastating RS.
Does management have anything at all to say? This is ridiculous
Hard to disagree with any of what you said. This used to be the little engine that could for me, but now it just seems like another BS company that will keep themselves paid off the backs of their shareholders while they fail to produce.
They are in such an emerging market. Why can’t they get it done? I am down 90% and have zero chance to recover thanks to the brilliant RS ratio.
Good for you man. I need to come up with a plan since it is clear they have nothing substantial on deck. It is down 62% since they announced RS at around .04.
I was mildly hopeful they would bring something shortly after the RS. Why else would they rush into 1-150 was my rationale. Clearly I was wrong as they had no immediate plan.
Down 85% overall so tough pill to swallow. Good luck to you.
Of course we move forward as there is no other way, but that doesn’t make how they handled this burn any less.
How much are you down with your Surna investment?
I agree 100%. Why rush into a 1-150 RS with nothing to follow? They did not care at all about existing shareholders so they gave the big F-U to them. Then to dump all those shares in on top so there is no chance we ever recover.
They said 1-150 was equal to $6+ post RS, but we never even saw $4 post RS (1-100 equivalent). I just don’t get it. Anyway, sorry about the negativity but they earned it.
So is my account balance….very low teens…after having 1 million shares pre-RS.
Something has to be coming but in the meantime absolutely brutal…rugged yanked
*Surna
They are calling Cerner subsidiary of CEA industries. I’m not sure if it is a good idea to confuse shareholders further? But we are trading just above a penny pre-RS
I think quiet period for this offering is 3 days. Not sure when the timer starts but we should be done or about done.
They did that PR earlier. I sure hope they have more substance in store very soon!
I guess the question is…Tony are you sitting with the nut flush…or are you bluffing and hoping the market buys it?
Then why not hold this whole thing until early March? What is the sense in doing the brutal RS and rushing to NASDAQ if you have nothing ready to go? Make no sense at all.
Hopefully we are wrong and they have something to announce this week…
I believe adding 6 million shares raises the cap to $18 million. Correct?
They also did an offering for almost 6,000,000 shares at $4.13
Looks like they been been approved for uplist? Not sure on the timing. Hopefully soon. We can’t afford more days like today!
https://www.sec.gov/Archives/edgar/data/1482541/000135445722000124/8A_Cert_CEAD.pdf
Wow! This is going well! What a cluster!
I think the next 30-60 days will be very telling as to their plan. It is time for them to show their cards.
I am optimistic they do have something for us.
I sure hope they come with a string of positive PRs to propel this upward! And as important a quick approval for NASDAQ uplist!
Did I miss something? Where did you see that? Thanks
Does anybody know when the RS is going into effect? I did not see that anywhere. Maybe Friday?
I agree with everyone. I am long. Just frustrated at the moment. Maybe they had to go now due to things in the pipeline that they did not want to waste while still on OTC.
See there….I have adjusted my attitude! Lol
GLTA
I am not angry that they did the RS. I knew it was coming. I am angry that they went straight for the 1 for 150 RS. That is what cuts deep.
I have been here for 6+ years so I am not going anywhere anytime soon. I accumulated 1 million shares at varying price points over time and am a bit under water due to low SP. Feels like bigger mountain to climb now.
I am disappointed they never made more progress. Hopefully something is in the works soon.
GLTA
Thanks for the explanation. I fully understand how an RS works as I have been through a few with other tickers.
What generally seems to happen is after they drastically reduce my share count (is that better?) in exchange for a higher share price, the share price then tanks! It rarely works out where the share price goes up.
This is such a brutal RS ratio that our money could evaporate very quickly!
I have no choice but to hope (not a good strategy) they know what they are doing and they actually have a plan coming out of the gate to grow.
Thanks for sharing. I also thought there was a minimum market cap, but I may be wrong.
So they don’t check any boxes but still applied and took our shares?
It doesn’t even feel like they tried to grow the SP. The proposed ratios were 1 for 2-150 (I think). I am absolutely disgusted they went straight for the 150. I have/had a lot of shares, but was under water with SP. I am sure this wiped out most investors.
Why is the stock still showing .04? I am unable to access the link. When does the change take effect.
Also, I am VERY unhappy that they took this route and did not try to grow the SP organically.
I don’t get it either. Usually it rebounds pretty quickly or at least within same day. Like yesterday it spiked to .09, but quickly reset.
They started the year as I would have liked with the string of substantive PRs. Would have been nice to have another PR with substance to kick off the new ticker.
I think good things still to come this year.
Somebody dumped 500k this morning. It should rebound
Did they PR the ticker change? I don’t recall seeing anything recently. Volume is super low. I wonder if people are having trouble finding it.
PRs with sales. Keep them coming!!!
I may be dreaming but it would be nice if they have a few of these announcements queued up. That would be one way to gain momentum towards a higher price for the proposed uplist RS. I would like to see them get to at least .50 before even considering it. Of course higher would be better.
They don’t have to announce every deal, but announcing the record contracts is nice. I am assuming they haven’t signed a new record deal.
What I want to see is new record high quarterly reports moving forward.
I do not see how they plan to execute their uplist plan if they can’t even get SP back over a dime. 60-1 RS anyone? Or worse? Sounds fun!
Can you repost the list? I would like to follow for the fun of it. Thanks!
IMO they need to do a few things between now and next meeting to get the price moving upward. If they can get another big contract and/or partnership, that would help. Plus there is always looming federal legalization.
Otherwise this stock is unfortunately fairly stagnant and tends to start drifting downwards. We need regular steps forward that translate into upward movement and momentum towards their stated goals.
I have held this stock for about 6 years or so, and have continued to accumulate over the years, while mostly being underwater. I have had a few chances to bail on pops but haven’t done it as my eye has always been on the long term prize of at least $1. I still believe it is possible with the right series of events, but does get frustrating at times. Patience....
Of course but I meant new investors that help drive the price in the upward direction. In my opinion, if they do a reverse split at these levels for purpose of uplist, it could be devastating to the stock.
They need to try to grow the share price to a reasonable level before doing the RS (at least .50). I would prefer they don’t do the RS but I don’t think they can organically grow the SP for uplisting, at least not in the next few years.
I agree. They have hired a company who is putting out some publications about what they can do. Perhaps they need to somehow publicize a plan and draw attention to the undervalued stock price. I think they are trying to attract business partners, but perhaps they also need to try to attract new investors.
I was hesitant on dental as that seems to have cooled, but who knows. What are your thoughts on masks setting them up for transition into medical garb (scrubs, gowns, masks,etc)? What if this is trial run.
I think there could be several things brewing. I keep wondering why O2Today. Was this a test case to prove they could do it? Is there a bigger fish who may want these masks and also has plans for things like medical attire? So yes I do think a partnership could come with product.
What other products do you think are close to being ready to go? Possibly dental? They have been very quiet on that front.
We also know about prototypes being sent. How did that go and are any products coming from that? Also very quiet, which I realize could also mean no good.
I am by no means an expert (very much a novice) at any of this, but feels like they are lining the ducks up (patents, trademarks, etc.) for a public announcement.