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The entire board should be replaced......"clean house"...
"On April 10, 2023, CEA Industries Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between February 24, 2023, through April 6, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). "
Congratulations SURNA/CEA...30 dys under $1 on Nasdaq !!!
Is delisting next up on the agenda??
On the cusp of being delisted from the Nasdaq, how do we feel about the Q3 results?
242 followers on this thread have been silent since the uplisting back in February. Please weigh in on how you feel about the last 3-4 quarters.
2022 Revenue to date is 9M+, no major contracts, several partnerships but nothing but lackluster sales. The company has been an embarrassment since the admin change back in early 2018 ... watching the valuation of SRNA deplete to less than a penny (pre-split).
What happened to diversifying the tech into the urban farming future, obviously embraced strategically when SRNA transitioned to CEA...??
The execs have failed to act on leveraging their growth, having 20M + in the bank, and (thankfully) no debt. They are months behind the 8-ball.
Supply chain issues continue to be an excuse and slow progress on expanding into vertical (non-canabis) farming continues, which is the future, with eco-aggressive energy/water dynamics in play. Expansion into Mexico, Canada, overseas regardless of the roadblocks?? They augmented their sales staff but have not yet delivered on basic growth.
Carrier, Trane and others would seize on their tech, if the prevailing shadow of fed status vanished but that's not happening for another year or so. In the interim, they must lead the charge, be the innovator and make themselves the leader. Highly unlikely unless someone sees something we all don't.
A new admin needs to take over this company and kick to the curb the entire board. No vision, no initiative, no value, and most importantly no desire to win.
2 months!!! Radio silence since mid-August. No postings for over 2 months amongst what use to be a very active thread. Odd wouldn't one think??
And what happened to the 2-3 followers who would always post "Accumulate and Hold"...they have suddenly vanished as well.. Hmmm.
Quite disappointing to see this stock tank since going legit on the big boy board. One thing for sure if you're playing the short game, Surna delivers.
Confidential contract signings, no mergers/acquistions, no substantial market play, no positive activity with the (alleged) cash on hand...nothing but radio silence. One would hope to have faith in this little train that could... but after 8 months of sputtering to a level that equals less than a cent of worth, pre-Nasdaq, does little to restore faith in a company that deserves to be purged of it's incompetence.
Yes, everyone at CEAD should be replaced. The apparent NEW Sales staff & execs after 8 months of favorable cash flow have not generated barely enough productivity to satisfy the spend on their salaries. Someone posted back in the summer hearing a merger rumor pending.
Not so fast. There's more bad news to come...I'm sure.
424B4 filed today.
More shares hitting the market.
Ironically filed in tandem after 4 dys of Conventions, and a slight non-institutional buying spurt today.
Any insight/projections on this raise and the status of Surna moving forward, allegedly with a robust cash surplus..???
On May 12th I predicted this stock would drop below a dollar in 10 dys.
Sorry, but I missed it by one day.
Presplit the current low (.95) would be equal to .005
Half a penny...!!!
Truly embarrassing and unacceptable.
8 new Institutional investors filed their 13F-HR today ...totaling an aggregate of 1.7M shares in their accumulative holdings.
The big boys are at the table!!
I've been off-line for the last few months but feel it's necessary to post a brief comment after today's Q1 results.
Embarrassing, unacceptable and frankly incompetent.
If someone can explain that what's transpired over the last 6-9 mnths is a genius strategy biz plan, I (and several others on this blog) are all ears. This is far from it. The inability to seize on an evolving industry and promote positive growth, whether through biz activities or organic expansion, is mind-boggling. Using "supply chains issues" as an excuse is simply a failure to do your job.
The "raise" during the Nasdaq uplist was to build a payroll surplus for the less-than-savvy Exec board that is doing absolutely nothing to improve the company's position, just so they can ride this out, exhaust the 17M in cash, and close the doors in the next 4-6 QTRS. Be warned.
The stock will drop below a dollar in the next 10 dys, then we'll see matching value to the pre-split days of yester-year. Wow...never thought I'd see this stock post-split drop below a dollar.
Maybe I'm thankful now I sold 90% of my holdings pre-split at 8 cents.
I've been a supporter of SRNA for years but have now lost 1000% interest in supporting this company any further.
I could list 100 reasons why I'm done with this stock but not going to use up my valuable time venting.
Maybe you'll see a spike happen again soon...like the brief moment in Jan/18 and the same last year...Jan/20...notice a trend?
Don't get me wrong...we made some great gains both times, but at the end of the day you have to weigh all the variables to make it worth your while.
Regardless, best of luck to those that have done their DD and continue to believe the hype that things will change. Just my perspective, but the same messaging has been coming from the various board(s) since before 2016.
It was great eavesdropping on the various opinions on this board, and I appreciated the occasional moments of faith... with those whom called it as it is.
Thankyou.
Good bye SURNA!!!
Per their website...
Surna Inc. (OTCQB: SRNA), operating as Surna Cultivation Technologies, announced that it will hold its quarterly earnings conference call for the third quarter of 2021 on Wednesday, November 10 beginning at 2:15 p.m. Mountain Time.
Not Thursday...tmrw (Wed)...!!
Odd ...there are no trade disclosures till the phone call.
What other surprises are on the horizon???
I concur with JMTco.
This board used to generate constructive perspectives on the Company and it's activities.
Without prejudice and deep rooted discontent.
But that has changed.
Sell your stock if you have so many complaints....and like JMTco, I too...will gladly acquire what you dump.
While the HI-LITED RED warning disclosure is the wrong choice to intro anyone to this board, if you truly support this stock, AND actually own shares hoping to increase it's value, then you would remove it.
Why is an "Ask" wall of 1.1M shares on the table at .058?
Is this the first holder to bail bc of the expanded share inventory and pending R/S...(btw...not too many ppl have dumped since the announcement...there has been very little selling)
OR
is this a tactic, like it was 3 wks ago, before they announced the 3M raise with an institutional Investor premeditated move to hold the warrants at .06 (obviously based on market demand on that date).
??
Is it correct to assume the 1.3M share "ASK" volume from 2 wks ago would anchor/lock the baseline warrant price for this NEW institutional investor...??
Seems a little questionable... that over the last 2 mnths, not one trading day has hosted an "Ask" that high, and then it was gone...two dys later.
Could be a multitude of variables.
Regardless, this stock isn't budging past .06 until Surna causes a tremor of good news.
1.6M shares are in the ASK queue from .058 to .061
Not so quiet!!
Strategic and purposeful. Something is up.
I concur.
And it will continue to sit at this level, or lower... until they announce substantial contracts or impactful positive growth.
Highly unlikely until the fall, if at all.
Need intel on this company on why (beyond the obvious) this stock has dropped from $40 to $7.
Any future beyond the tech advantages of vertical CEA dynamics.
The purge is underway. Unnecessary, but expected...
2Q results in 2 wks.
If you've been tracking the (unrecorded) backlog & sales, coupled w/expanded services since 1QR, all will contribute to unprecedented revenue for SRNA since the regime change back in early 2019.
Strategically positioned for the post vote plan, it seems logical an acquisition is on the radar.
Radio Silence!
If anybody else hears anything, please speak up.
Today is round #2 follow-up to the May shareholder's vote, and 2Q results in less than 3 wks.
Everyone has their own perception of what is to unfold, but one thing for sure, SRNA's solid footing in the industry.
Take the emotion off the table and look at the stats.
Numbers don't lie, and projections are logical with legit backup to support.
2021 is a big year for SRNA.
Some of us bought in at .2 last year...some of bought in at .10 the year prior...and some of us bought in at .22 the year before that. So some of us (more than others) understand being underwater, nobody is discounting that.
If you hate the stock that much, sell it, take the loss/gain and move on.
But compared to the last 3 CEO's that SRNA has engaged, TM is by far the most invested (& qualified) in positioning this company for it's future.
Notwithstanding the climate of the MJ landscape and the numerous variables in play.
I've been through a cpl dilutions/RS over the years, and none of those holdings had the same positive organic growth that this entity does.
In addition to many numerous other reasons to take notice. But that takes homework.
Uplisting is inevitable and a logical growth step.
BC this OTC is not an overnight novelty.
The writing is on the wall.
2Q Results
One thing for sure...RS or not...Nasdaq listing or not...legalization or not...surges in sales/revenue or not...amazing organic growth or not...
...You can always rely on this stock to drop to levels that are far below it's legit value. Go SRNA!!!
(Btw...Thanks to the sellers whom are dumping before the perfect storm approaches mid-August)
No update about the mtg on Friday.
Was unable to attend/eavesdrop.
Any intel?
I concur.
The changes ahead are inevitable and will correct this stock to it's accurate value.
SRNA has a solid future in the steps ahead, with the multitude of variables in play.
Most importantly it's listing on Nasdaq.
The writing is on the wall.
I continue to build volume while trades are a bargain, now approaching 6M shares.
We all do our DD and react a different way but one thing for sure, SRNA has craved out it's niche with strategic grace.
Everyone vote tmrw the way you feel inclined.
The little train that will...is leaving the station!!
Accumulate and hold.
1.7M drop in the last hour by one holder...???
What anybody's guess?
A solid launch for 2021 with Q1 confirmation.
An extra 1M in cash, now up to 3.2M. No debt. A record backlog at 11M. Pending revenue from Mexico and the new states going legal. The list goes on. Do your own DD and build your holdings based on organic facts, not speculation.
The stock is undervalued at .08 and will self correct
When the spike happened with the Q1 contract news, flippers saw a 200% gain in a day. The long haulers re-inforced their holdings.
If there was ever a perfect storm for cheap acquisitions, the timing is ripe.
Btw...12 wks ago...50M shares traded in 72 hrs at an average of .16/share.
It's going to happen again, so heads up...
That has been the problem for 2-3 yrs with this stock.
Causing the undervalued levels, when small volume holders sell trivial amounts.
Frustrating to no end, but a month from now, the sellers will regret their impatience.
And things will self-correct.
Tsunami approaching.
Mexico, S.A.F.E., declassification, no debt, new website/branding, increased revenue, diverse product line w/new partnerships, CEA expansion, forgiven PPP loan, long term holders building volume, and a likely merger/acqusition on the horizon...post end of May mtg, as one other poster on this board commented..."SRNA hasn't yet used up all their gunpowder!!"
Just reading the dynamics on the wall.
Heads up.
Q1 results likely next wk. Just a hunch.
I concur.
Prior to end of May will reveal the overall strategy and expanded details of the Q1 report.
All should do what they feel is appropriate but DD is obvious.
I've been accumulating this stock for 4-5 yrs. now and have a healthy folder. It is destined for more than OTC status and the current mgmnt team is playing the market for the obvious tsunami that is approaching.
Healthy companies like SURNA surviving the last (Covid) year, maintaining a healthy 2M+ cash surplus and more, is positioning for necessary change and growth.
"Ya snooze...ya lose!"
Educate and accumulate.
Trim the baggage and focus on the endgame.
Vote after you hear all the facts but most importantly take emotion out of it.
7.9M Sales in the last 6 mnths of 2020, while Covid was still raging.
And now...
Including their record breaking 3.2M contract from January, PLUS 2.3M in NEW (unannounced) contracts... just reconfirms 2021 will be SRNA's breakout year.
If you look at the last 3 Qtrs (Including what we know about Q1)... they have 13.4M in sales.
With the SAFE Act on the floor, FED dynamics pending, Mexico, 4 new states legalized, the Anden partnership which increases their portfolio, the non-cannabis contract(s)...the organic growth is unprecedented.
GO SURNA!!!
It went the opposite direction...you were hoping for .15 to.20 in a wk...it dropped to .06.
??
Long term vision is critical yes ...but watching this stock drop continuously after such incredible growth and prospects is frustrating, to say the least.
Patience is running thin on this constantly predictive repeat cycle, time and time again.
Someone please explain.
The amazing company growth both organically and administratively is a contradiction to its' undervalued stock price. And while the smaller holders are selling off (with a pending RS notwithstanding) this cycle is never-ending...
" 4.20 is approaching! "
???
If you're referencing Q1 report...that is mid-May...aka 5/14/2020
If not...please clarify.
Have been holding this stock for yrs and watched it navigate several hiccups and still prevail. Oil haters or not, this is returning to it's original benchmark. And beyond.
Not sure what link you're referring.
Ravenquest if that is what you're reviewing/vetting etc is a waste of time.
It was on the level with it's shareholders up till 12-14 mnths ago. Then all communications suddenly stopped.
Nothing but perpetual radio silence.
The current CEO has done more for SURNA on all fronts, than any of his predecessors. While the share price has not necessarily reflected (in real time) the progressive path the company is taking, it will sync up in 2021 Qtr2.
When the Q1 results go public in May, (incld their record 3.2M AZ contract) we'll see the current 4 Qtr cycle revenue surpass 15M+, a record. With Mexico, NY on the horizon, no debt, 2.2M cash on hand, and the wave of Fed reform happening within the next 6-8 mnths, the proposed structural changes will modify.
ALL in a favorable direction.
I've owned stock during 3 administrations, and the best suited for the industry is in place now.
Be patient. Accumulate and hold.
I agree with Avlnco & JMTco.
The plan is logical and inevitable, with the MJ tsunami approaching.
I've been accumulating SRNA shares (now over 5M) since 2016 and trade whenever the stock has spikes. Always building the stockpile when things drop low.
Tony has long term plans that need favorable conditions. His track record speaks for itself.
The R/S is not for everyone...but understand, it's being put to a vote.
Nothing is real till after the tally.
7.9M Sales in the last 6 mnths of 2020, while Covid was still raging shows how successful Surna reclaimed lost ground.
Including their record breaking 3.2M contract from January, just reconfirms 2021 will be their breakout year. If you look at the last 3 Qtrs (Including what we know thus far about Q1)... they have 11.1M in sales. And that doesn't include the smaller contracts that don't get announced.
Awesome momentum for a 4 Qtr cycle of projected 16M + in revenue and beyond.
GO SURNA!!!
The most recent (January) announcement spiked the stock to .21
Subsequently 80M shares traded over 3-4 wks above .11-.12.
The early February traffic purged the low volume traders that seized the inventory over the last dreadful year at .02-.04 to cash out adequate gains.
Now, it's sadly settling down (once again) to .07, which somewhat means a majority of transactions are taking losses.
With the partnership, cash rich, no debt, the wave of legalization, Mexico, and SAFE Act in the queue...
Please explain...