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Re: None

Thursday, 09/03/2015 6:52:21 PM

Thursday, September 03, 2015 6:52:21 PM

Post# of 13669
Couple of comments, since it's been a while.

Maximum number of common shares issuable by SURNA = 350,000,000. This would include shares issuable upon conversion of another instrument, such as the existing convertible notes.

To date, SURNA has issued approx. 128,000,000 shares. These are the shares currently outstanding, and because of the funky conversion formula on the April 2014 converts, it is impossible to calculate a fully-diluted share count.

But we know, subject to litigation, that the maximum number of shares issuable is fixed at 350,000,000 (absent an unconscionable and, potentially, illegal change/increase by the BoD).

So I use 350,000,000 as my denominator when making per share calculations, knowing that this provides the most conservative analysis.

With that said, all the talk about dilution is noise. NOISE. As is the notion of making $400 on a trade.

This ain't a $400 trade stock IMO. This is a buy it, and buy some more and then buy again until it hurts. Then wait. And then some time before the 2016 electioneering really heats up, the political and regulatory landscape will clarify. And every nut and his brother will be racing around looking for investments in the sector and SRNA will benefit ... but in another way as well ...SURNA is compiling a public record of accomplishment, buttressed by relatively strong and professional finance folks.(Tip of the hat the Doug McKinnon.) In the sector, SURNA will quickly be on Wall Street radar.

Etc.

This is not a buy at $.11 and flip at $.20 situation, in my quite limited and humble judgment. You have to imagine yourself having 100,000 shares when SURNA crosses $10.00 per share.

Just my opinion.
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