is all out of bubble gum.....
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.
400000-450000 Shares forward daily on average.
How is that possible you ask.
Read below
250 trading days a year.
63 days a quarter
1 million average trading day
For every million shares forward that puts 16K a day
The estimate from the 10Q looks to be 28-30 Million -
Add in x CEO Shares 10 Million
That comes to 400000-450000 or 40-45% the volume of the average trading day
That is why we are seeing the “painting up” bids to hold the price up and shares are sold and then the “painting down” bids to make the short. I bet these shares are shorted severely as we have seen in the past as this many shares could easily move the value where it is needed to cover. How do you play in that market? The safe bet for them would be to play both sides and I think that is what is going on here.
Best case the stock moves down on a steady basis during non-news/reporting days and up with. I am just not sure when the convertible debt conversion days will not have effect to a ratio of manipulation. Add in the change of Administrations unknown of views of this market legality and not knowing if the shares of the Surna team are able to sell and I think a long position is too much risk for me.
I don't care what the chart indicates as it is not truly represents the manipulations. This stock price is headed down.
Do not believe me....read below
This quarter to market....
10 million from Toms deal and the below + who knows what?
FROM 10Q quoted
Additionally, the Company issued 8,973,614 shares of its common stock in connection with conversions of its series 1 convertible
notes. $605,325 was allocated to common stock and additional paid in capital as a result of the conversion. .
Subsequent to June 30, 2015, and through August 13, 2015, the Company has received notices requesting it to issue an aggregate of 10,944,256 shares of its common stock to various holders of its outstanding series 1 convertible notes representing the conversion of an aggregate of $526,783 in principal obligations and $61,196 in interest. Of these, the Company has actually issued 3,251,401 shares of its common stock representing $151,783 in converted principal and $20,819 in interest. Thus, the Company anticipates completing the conversion of an aggregate of $375,000 in principal together with $40,377 in interest into an additional 7,692,855 shares of its common stock before the end 2015 2014 (1) risk free interest rate of 1.32 % 1.38 % (2) dividend yield of 0.00 % 0.00 % (3) volatility factor of 162 % 137 % (4) an expected life of the conversion feature of 3.5 years 4 years (5) estimated fair value of the company’s common stock of $ 0.05 per share $ 0.32 per share Weighted Average Number Grant-Date of Options Fair Value Outstanding as of January 1, 2014 - $ - Options granted 10,296,000 - Options exercised - - Options forfeited - - Outstanding as of December 31, 2014 10,296,000 - Options granted - - Options exercised - - Options forfeited - - Outstanding as of June 30, 2015 10,296,000 $ - of the third quarter.
I am not sure how that works. I would think that you would want that change to be shown ASAP as it effects outstanding shares numbers and the stocks overall ratio would become more attractive.
I remember reading the debt statement in the 10Q and thought I seen something about the debt being satisfied for $100 but can not find anything about the share structure changing. I found I believe the changes below. According to this Tom sold 10 million of his shares and returned 21.4M to be canceled. 6.4M of those went to Demeter I guess?
I think I see what happened.I think by retiring Toms shares offset the amount of shares that came forward from convertible debt 2nd quarter. There also looks to be additional shares convertible debt related of another 20+ million during this current quarter. I copied the text from the 10Q below.
On August 6, 2015, the Company settled its debt to its former CEO, Tom Bollich, for an immediate payment of $100. The debt
reflected certain advances from Mr. Bollich to the Company, which were non-interest bearing, unsecured, and had no maturity date. On the
Company’s balance sheet, the debt totaled $194,958 on June 30, 2015. Based on Mr. Bollich’s Form 4 (filed August 10, 2015) and its
correspondence with its stock transfer agent, the Company understands that Mr. Bollich sold ten million shares of restricted common stock and
all of his preferred stock to private parties. He also returned 21,428,023 shares of his common stock to the Company, and the Company
authorized cancelation of the shares on August 11, 2015 (see Form 8-K filed August 12, 2015).
F- 17
Additionally, the Company issued 8,973,614 shares of its common stock in connection with conversions of its series 1 convertible
notes. $605,325 was allocated to common stock and additional paid in capital as a result of the conversion. .
Subsequent to June 30, 2015, and through August 13, 2015, the Company has received notices requesting it to issue an aggregate of 10,944,256 shares of its common stock to various holders of its outstanding series 1 convertible notes representing the conversion of an aggregate of $526,783 in principal obligations and $61,196 in interest. Of these, the Company has actually issued 3,251,401 shares of its common stock representing $151,783 in converted principal and $20,819 in interest. Thus, the Company anticipates completing the conversion of an aggregate of $375,000 in principal together with $40,377 in interest into an additional 7,692,855 shares of its common stock before the end 2015 2014 (1) risk free interest rate of 1.32 % 1.38 % (2) dividend yield of 0.00 % 0.00 % (3) volatility factor of 162 % 137 % (4) an expected life of the conversion feature of 3.5 years 4 years (5) estimated fair value of the company’s common stock of $ 0.05 per share $ 0.32 per share Weighted Average Number Grant-Date of Options Fair Value Outstanding as of January 1, 2014 - $ - Options granted 10,296,000 - Options exercised - - Options forfeited - - Outstanding as of December 31, 2014 10,296,000 - Options granted - - Options exercised - - Options forfeited - - Outstanding as of June 30, 2015 10,296,000 $ - of the third quarter.
Does anyone have an idea how that works?
SEC filing Demeter transfer of 6.4 Million common stock shares
Thank you for your help
21M shares converted from convertible note 10Q
I read the 10Q again looking for the x-CEO share structure for retirement of shares and came across this. Not sure what the true numbers are as the numbers on the OTC page have not been updated in the last 1 1/2. 21 Million shares forward is quite a bit and could be reason for much of the dilution we have experienced as that would double the amount of shares that are traded. Add The 33 Million (6.4M Demeter) that Tom surrendered there potential could be 73M instead of the thought 22M as posted at the OTC.
Makes sense to me as some trading days did not support the low float numbers and had me scratching my head.
I know the copy from the report is kind of jumbled. I put a link so you can read direct.
Link to 10Q SEC
SURNA INC.
TABLE4
Form Type: 10-Q
Period End: Jun 30, 2015
Date Filed: Aug 14, 2015
June 30, 2015 December 31, 2014
Convertible notes 31,015,903 10,852,708
Stock options 10,296,000 10,296,000
Warrants 2,536,625 1,625,000
Diluted shares outstanding 43,848,153 22,774,083
I like Surna. I have held a position in this company as large as 3.1 million shares over the last year. Regardless of size of investment in dollar or volume, every share I buy from .0001 to 100.00 has to meet certain requirements for my portfolio and this one did until recent. As a result I adjusted my position. I just want to understand what is going on. This is a publicly traded company. As a shareholder they have certain responsibilities to all of us. Why would you not want to know as much as you could about daily operations,budgets,marketing,financing,projects,etc in a company you are making an investment of your hard earned money. I am not asking questions that are not warranted. I am sure that what I may find critical or crucial in my decision making for an investment may not have the same standard as others. So be it.
These questions/points that I have addressed here on this board are also included in correspondence to Surna. We as shareholders must hold the management team to a standard and challenge any questionable decision or lack of transparency. That is why I am upset over no CEO. This is the person that manages and holds accountable the complete executive team. He is the eyes and ears of the shareholders and he is alone accountable to answer to us the shareholders.
Help me out here please. Maybe I just do not understand what these boards are for and at what level discussion is acceptable. I follow 15-20 stocks on a weekly basis and this is the first time I have ever posted on this board. But, to be fair this is the only "pot" stock in my portfolio. Looked at 100's and thought this one was the best. Still do. Surna is an awesome company with potential that is huge. But, without accountability and transparency it has little to no chance. I am so frustrated and I am sure it shows. This out of all stocks I own has the best potential short and long term as a concept/working company/future development.
Please don't let the fox have a key to the hen house without at least accountability.
Thank you for all your help. I really do appreciate it.
Take a few minutes at look up shareholder accountability and understand why it is important to the health and growth of any company.
Accountability and Responsibility in Corporate Governance
Larry E. Ribstein, University of Illinois
Abstract
Managers’ accountability to shareholders and corporations’ responsibility to society are two important objectives of corporate governance. Some scholars argue that managers who are accountable to shareholders must neglect society’s interest. But loosening this accountability leaves managers free to serve themselves, thereby increasing agency costs. This article makes three main contributions to the debate on the appropriate roles of accountability and responsibility. First, it shows how modern markets cause managers who are accountable to shareholders also to attend to society’s interests. Second, it shows that the debate is actually less important than it might first appear because the logistics of publicly held corporations substantially free managers from accountability to shareholders irrespective of whether society’s needs should compel that freedom. Third, the paper shows that the debate may be joined over whether partnership-type devices compelling distributions and allowing owner cash-out should be imported into publicly held firms. These devices would provide for more managerial accountability to shareholders, and therefore less flexibility to serve society’s interests, than standard corporate governance mechanisms.
Suggested Citation
Larry E. Ribstein. 2005. "Accountability and Responsibility in Corporate Governance" University of Illinois Legal Working Paper Series
Available at: http://works.bepress.com/ribstein/9 Download
SHARE
Share on facebookShare on twitter Share on linkedin Share on email More Sharing Services
link to above source
I wonder to who the other 4 million of the 10 shares went to>?
That 21 Million has not showed a decrease in outstanding shares to date.
I wonder where they are?
I am still disturbed over the press release was they were going to be retired. Sold and retired is two different deals all together. We all knew Toms shares were going to be able to be sold and it made us nervous as that was more than the float. To believe they were going to be retired kept the stock price from moving down. Someone IMO had plans to sell some of those shares public or another member/etc. Time may tell.
From a previous post
Click for Surna Press release
Do you remember this news release? "Surna, Inc. Announces Retirement of Shares, Settlement of Debt" Surna news release link. Now you tell me how does retirement mean selling at discount to a hedge fund? The SEC Filing does not say Tom sold those shares to Demeter it says SURNA. SEC filing link
I read the news release and took it those shares were retired and would not be public. That gave me confidence in the company and made me believe as an investor I had made a good decision. Now if what really happened to those shares is they were sold to insiders at a discount my trust is violated and we are dealing with not who we think. What really happened to those shares? Call the CFO and ask him. Call the transfer agent and ask what the current status of shares is. Should be public. I checked the listing on the OTC and have not seen a decrease by 33 million shares from outstanding. OTC company profile link here
Thank you for your help
I appreciate all your help and thank you for finding that article. So based on Todd is qualified engineer with experience including exploration core systems this is your basis for investment or did you say you had no position>? If you do not have a position why are you trolling this board? Are you thinking or have had a position in the past? If either or something else can you give me insight of your interest and your views of this company SURNA?
Thank you for all your help
Do you think the author source checked the data he was given? OK I will accept self promotion from either of the companies he is a partner with/employed by and stock holder. Just to be clear you do not "know" him as a person or witnessed his work and only the articles you provided link for is your source of credibility?
Do you think he still has his own company that he co-founded Impulse Composites. I would call but no phone number listed on the web site.
Do you care to comment on the other issues?
Thank you for your help
Touche..Source please.Only reference I could find was one via Surna and another start up in Colorado for composites he is working at or ?? or articles concerning/promoting Surna. When you say you "know" do you mean like you actually know him or witnessed this work or are you simply stating what you read from the Surna web site? What is your source of "know" please?
Thank you for your help
BTW you may find this interesting and might aid in research you do on the internet Source checker internet link
Can you back that data up?
Do you remember this news release? "Surna, Inc. Announces Retirement of Shares, Settlement of Debt" Surna news release link. Now you tell me how does retirement mean selling at discount to a hedge fund? The SEC Filing does not say Tom sold those shares to Demeter it says SURNA. SEC filing link
I read the news release and took it those shares were retired and would not be public. That gave me confidence in the company and made me believe as an investor I had made a good decision. Now if what really happened to those shares is they were sold to insiders at a discount my trust is violated and we are dealing with not who we think. What really happened to those shares? Call the CFO and ask him. Call the transfer agent and ask what the current status of shares is. Should be public. I checked the listing on the OTC and have not seen a decrease by 33 million shares from outstanding. OTC company profile link here
Can you show me where Tom owns stock and how much he owns today?
Which Executive member worked on the Mars rover development? I heard a comment I believe during the teleconference something about rocket scientist but cant find anything public. If you have that data can you post me a source please.
Demeter has 6 Million shares of common stock from the private sale? Where are the other 27 Million? What did they sell to and for how much?
I can care less about the Preferred stock. The common shares effects me. They don't need common shares be on the board as it gives them no right to vote. Those 6 million shares was nothing but part of another deal we just do not have access to. Transparency this is not.
As for Agrisoft. In simple terms can you explain how that worked. To be more specific why the sudden turn to let me out of the original deal and any specifics on relationships or projects shared?
I am not trying to fire everyone up an cause a problem. I am just expressing my thoughts and findings and trying to make the best decisions with my investment money. That is what these boards are designed for.
Just one last thought.
Do you think these people that are in charge of this company that are major stock holders do not have the thought that if we have a new administration that is against pot what will happen? They service this industry. I am a CEO and have a executive staff and answer to the board. If this was my company this would be on my mind not only as CEO(looking for job) but also as a share holder(lost $$). The position of a CEO is very important for many reasons and a lack of one shows me that there is an issue.
Do you remember this press release? Surna, Inc. Announces Senior Leadership Changes - Surna press release CEO change click here Tom was stepping down and Bryon Jorgenson was moving into the position. This was in Feb and guess what Bryon shortly said thank you but no thank you. Ok March/April/May/Jun/July/August and no CEO. WHY? Last guy stepped down from no where and next guy did the same in less than a week. 6 months later no CEO. No talk of a CEO. Mr Darnell has stepped up and taken on double duty as Lawyer and CEO. Looks like from the Surna web sire he also is a talent agent for sports and music professionals. I think Tae is probably a great guy and fun to drink beer with. Do you think this is the person to lead this company as CEO? Would this be your choice. This is lawyer for one and what does he bring to the table to lead. Wouldn't you just fall over if the way he became interim CEO is in the meeting where Byron resigned everyone said not it and Tae was last to catch on or maybe it was spin the bottle or short straw. 6 months come on. My guess here is either some inside action happening that they are afraid new CEO may not play ball or the can not find a jockey willing to ride this horse.
I look forward to any and all comments.
I have nothing to gain by the value dropping. I do not have this stock short and my intentions are not to support that position. I will not be buying back into this position at any discount unless my opinion changes. I recommend you do your own due diligence as I have no inside information but only what is available public and my own thoughts and experiences. Take what I have written below as nothing but entertainment and the value being no more than a grain of salt.
What you posted is well said but.... What you are doing is no different then someone else with a different prospective. I agree with you most part over the potential of a long investment 6-12-24 months from now as long as that is the intention of Surna. There is no doubt in my mind that I back with my money as I have followed this company for 6 months now that all is not perfect. The manipulation of the stock is a true deal and the lack of transparency is in my book a concern. You still have to remember that this is a pot company. It may not grow it or touch it but the company feeds that industry and if the "wrong" person is elected chief this deal is over quickly. From what I understand that these products are marketed to that industry only and without it no Surna.
Today here is a story I pieced together so far. The ownership of this company is a couple from Texas that owned a landscaping business who were "gardening" and formed the company Hydro Innovations to include selling products to support other gardeners. When the boom happened in Colorado they packed up and moved operations. In who knows how partnered with Tom Bollich who recognized the potential and jumped in. Tom added credibility and capital and put together the plan/executive team you have today. Company clicks along but not really booming like Tom hoped and realizes wrong place wrong time so he jumped ship and moved on to another deal - Agrisoft(ex Surna company which exited with Tom) is my guess. Toms cuts all ties by giving up his shares and forgiving all debt. All I can say is who gives up 3 MILLION bucks??? Why? Things are well, honestly real well but capital is a concern so they need help. Because company is 100% dependent on an illegal industry funding options are limited. Brings us today giving away shares of stock at a 85% discount among others to a hedge fund. I do not like it. It devalues my shares (couple million) and appears desperate to me.
Here are questions I ask myself.
Who owns the company?
It appears Brandy and Stephen Keen (Landscapers growing pot in Texas(legally?)capitalizing on green boom in Colorado) are majority stake holders.
The rest of the shares are divided among the executive team with a low float to us the investors and now a hedge fund.
Why did the ex-ceo bail and give up $$$$$3 Million$$$$$
I think Tom saw the risk and knew the exit plan of which he did not want to be involved. Where is Tom today? I think hanging out at Agrisoft and hoping no one remembers he was involved with this deal. Interesting read look at the deal Surna had with Agrisoft and how that played out.
Why no new CEO?
That is a good question.
What is the business plan?
I listened to the last conf call and came away with a few things that stuck in my head. Would not give projection of profits for next quarter or year.
Thankful of investors sticking it out with them and will work on value for them. The reflector and how it works but no real sales data or projection of deliveries or order placed to manufacture for production. I got a nervous vibe and that some answers to questions were way to vague for this format.
What is the exit strategy of the stake holders? Well the majority stake holders are the executive team and the Keens and now a hedge fund. When will they be able to sell? Toms shares which was the CEO were available a few months ago.
Are the rest of the shares able to be sold that are outstanding without restriction like Toms? That over 100 Millions shares.
What would happen if the feds remove green light and enforce states?
Game over. Stock worthless.
Who would lose the most if that happened?
The Keens and exec team including hedge fund.
Here are my thoughts.
I don't like that no real order/production/sales information was provided at the last conf call. This is important bottom line data. I don't like that the majority of the outstanding shares are held by exec team(which I can not find any good info for credibility and work experience other than Tae(pot lawyer) and Keens(pot growers from Texas) and can be sold I don't know when. I don't like this last play with stock transfer and sale.
They are playing both sides of the fence.
The need to get the price of this stock and attention to this company over the next few months is important. If pot stays legal game on and ride this pony home. If pot goes illegal stock price needs to be high enough and moving volume to let shares go and walk away with $$$$$.
I think shares are being sold now or will be shortly from inside.
I would. Think about it. When you have Millions of shares that is a chunk of potential cash at today's market. One in hand is worth two in the bush.
The thought of unknown of the future administrations plans got to have a factor. What today is worth Millions is worth nothing maybe in a year or less with speculation.
What would I do and how would I do it.
Sell 1/4 or 1/2 or all?
Cant hire a promoter (got caught once already and warned)
Give Million dollars or more in today's market of shares to a hedge fund to attract new investors to make volume and value to make window for partial or full exit if needed.
I just don't like the unknowns and somethings just don't add up.
Tom giving up all that money started it for me....He knows something.
No CEO... No mention of it ever. The CEO is important to a companies growth and development. Without one what future does this company hold. Is there something that a CEO would not want to be involved with? An agenda that is not forthcoming or in the best interest of the investors?
Conf call provided no good data. Talked about adding value to stock for investors.(themselves) . Heard Mr. Keen speak and was not impressed. He might have been stoned.
Stock manipulation. I have seen the shorts push it down but never a push to maintain or go up.
The number of press releases and social media is on the rise. Appears new marketing team and now a "paid" hedge fund.
The persons post that I am responding to is well educated and conveys messages well. To me not your average penny stock investor. My guess part of the inside.
I am out on this deal and on to another. I will continue to monitor as am curious how this plays out.
good luck to all
This post is my opinion only and not a manipulation in any way. Take for what it is and only that.
Do your own due diligence and please share your opinion.
6 Million shares 150k is .025 not .04
Correction to last post
Long day. That is a good deal.
Discounted shares - Click here to read SEC filing how to see were shares sold on the inside and will dilute our shares
I am no expert by far and honestly a large supporter and a fan of Surna but just do not like this kind of deal. No one wants to talk about it. Long term may be good deal but IMO is not setting well with many. 6 Million shares 150k is .04 share.(sign me up for that deal) Does not appear to have restriction on sale. Coming to a market soon is my guess if not already here now. I did not like that questions were not answered at conf call about raising capital and a few hours after the call ended the first notice of change of status was filed.
I would not be surprised to see the stock in low 12's early next week and 10's by end of next month if not sooner. Wish I was able to take a short position on this.
Might already be many there already pushing down the price and add the overbought(.15-.25 run) and new market shares coming to market could get ugly real quick. I guess we will find out how many are long and if they believe.
I think I am out Monday/Tuesday if market allows until this deal settles out.
Placed phone call to CFO and left message in hopes of getting a better picture Monday.
WOW...Look at this.
This is what I am talking about. Upper right hand corner you can see the action. Once a sale happens and the stock moves down a lot of 100 shares quickly comes in manipulates the ticker to avoid the down move posting.
Someone want to take a stab at telling me what I am seeing if it is not that?
I agree. I am with you on that. matter of fact I post on another board starting in April about questionable trading as I felt someone was pushing the stock price down. In the end it worked out for me because I was buying aggressive at that point all the way down when it touched the 4's which made my average share price in the low 7's. Since then I have sold off and took profit the shares needed to have next to no cost in my shares so at this point i am along for the ride. I will start to buy aggressive again once we hit 11-12 range. The stock has better value but the mm's i feel are going to push it there before the end of next month.
If the stock is moving volume its really hard to see unless and next to impossible to track. But when the stock has no action for 5-10 minutes and 100 lots are sold it is easier to see. I just happened to have to time today that I was on a call and watched it like a clock for an hour or so here and there. I saw a couple that really made me scratch my head that were a couple of lots of 100 shares were sold somewhere between the ask and the bid. example ask was 16.7 and bid/last was 16.2 and one or two 100 lots sold at 16.5
Is this what you are saying "painting the tape"?
I have to think this type of bid is manipulation.
100 shares at .17 = 17.00
100-200 pushes a day = 1700-3400
Those shares may or may not actually made a sale. If so the cost of the trade would only be the difference of the sale of those shares which could with a successful manipulation be a gain.
I don't think it is much different if any from an auctioneer running up his own bid with fake or a shill bidder.
If this is legal I am doing this wrong..... What does it take to trade at no cost to the trade? Maybe a broker license? OTC broker? If it is as easy to be a broker as it is to be listed on the OTC I might have to reconsider my action in this game and move across the table from gambler to dealer. I wonder if dealers can play the had they deal themselves and have a share or all of the stake?
I also want to share this while this is on my mind. I have an account with Fidelity,Scottrade and TDA. The other day I offered 250k shares at market at very close times and with very close configurations during the day. I had large positions of SRNA split between each house. I decided to offer up 80k each at two houses and 90k at the other. Both TDA and Scottrade instantly showed my ask. My Fidelity account which trades via MM of CANT did not post and as a result did not sell as the others. I had read about stuck orders or thought I had made an error so I killed the order and waited 5-10 minutes and put the order in again. Once again I did not see my order and sales moved under and around my order. Again, killed the order and waited. Reduced the order to 10k blocks and the order hit within a few seconds and sold within 10-15 minutes. That time that I lost resubmitting the market moved down and cost me a few hundred dollars. Called Fidelity and they can not give a shit less. I submitted paperwork to move my otc traded stocks today to another brokerage.
This was not my first problem with this account.
In my life I look for the boundaries and rules and calculate my risks before I make any decisions. The more I trade "penny" stocks and deal with the OTC market the more I think the game is manipulated and the rules have no boundaries. Its like the rigged games at traveling circus without the taste of funnel cakes and smell of cigarette smoke with the press releases being the barker tempting you with reward.
How does that saying go... There is a sucker born every minute.... and two to take em.
J
MM and level 2 quotes?
Does anyone else on this board watch SRNA during the day on the level 2 quotes?
I did today and noticed one or two of the MMs buying 100 shares lots to "float" the price along when it headed down. How is that not manipulation of the market? Maybe I just don't understand what I am seeing but who is going to pay a commission on a trade of a stock at this level in those quantities? Trades are spaced too far apart to be part of a sale. The thing is I never see it on a down move..only on an up move. Has to be an MM with no cost involved or very little.
J
I sold off 3/4 million shares today with an average of 13.6
A month or so I will buy them back for a dime or less.
Dilution is inevitable as cash is needed to grow and expand.
I still think long is a good position as I have 2.35 million shares held. I had offered another 250K out today at .15 in hopes of a rebound.
I believe in Surna but just don't like a few ways they are making some plays and not disclosing some information. I believe others feel the same way as shares were let go today.
J
I am trying to improve my net wealth and not Mr Coates. This stock may run with more news but only with new investors. I did well and can not complain and not saying I would not ride the band wagon again once this stock his bottom (.002-0015). I am just saying I am not sticking around for ride back to that point.
I am just curious of what do you think would cause this stock to rise in price or value at this point?
J
I sold my position of 2 million shares over the last 2 days.
At one time I had over 20 million share position.
I have lost faith. I do not believe in Mr. Coates no longer.
At his age I honestly think he is pulling one last scam to go end his days on a beach with our money. I hope I am wrong for all of you believers that stay in long and wish you luck.
In the end I made money and for that I am thankful.
True power is never seen.
Is the thought that the more you post the "better", "more important", "higher educated" you are? Good luck with that. People with the highest amount of knowledge are listeners and not talkers.
I have been watching these boards a very long time among others. Many read and only a few post.
I have been to this facility. I have attended events. I have spoken with the decision makers. I know nothing more than anyone would know that did true good DD. Here is what I do know that some of you only think or hope. My investment into this company was not an accident. I did not invest from a "hot" tip from a web site or from what I read on one of these boards. I have been following Surna for quite some time. When the shares went under .08 I bought and bought and bought knowing the bottom was close. This stock has $1 written all over it and more to come. Read the reports. Do research on the staff. Look at the technology and understand where they are going and why. Check out the competition and understand why the need is there for the products the produce. Look t the investment into R&D and the patents owned and pending. These are smart people with a solid investment plan. The only regret I have when I bought my shares is that I did not buy twice as much when trading at a steep discount. I am still buying. Yesterday I bought when the shorts took profits at a discount. I will continue to buy as long as I see value.
Much manipulation on these boards. Sometimes who you think is helping is helping only themselves.
BTW 3.1 million is almost 13% of the float.
I know of at least two other investors with well over 1 million shares each.
I would bet what you can count on one hand or less owners 25%+ of the float.
Profit taking this morning. Can not blame. They will regret in near future when trading at $.50 - $.60
I am long until then with right over 3 million shares