CEA Industries Inc. (CEAD)

[JMTco]

I've been here since September 2014 or so and I'm no Avlnco but I do hold a little over 370,000 shares.

Even when I bought shares around $0.30 in 2015 the company was talking about uplisting to Nasdaq and it was (I hope) obvious to everyone that a reverse split would be needed as part of this process.

Do you know of any Nasdaq stocks that trade for a few cents? It doesn't happen. Simply put, ETFs and exchanges and hedge funds and other institutions all have rules about the price of stocks they will deal in.

Of course we've all been hoping for (and seeing, especially recently) organic growth. And of course it has been frustrating to watch the market completely miss what's happening here with Surna while WSB dumps money into a cryptocurrency that was literally started as a joke (Doge). But if we're willing to live in reality a bit, a reverse split was always going to be part of how Surna got onto Nasdaq and made it into ETF inclusion or more institutional investment.

If you recall, Citi and AIG both did reverse splits after the financial crisis because their share prices had gotten to levels where they didn't meet the rules for various institutional investors and sector ETFs.
https://www.wsj.com/articles/SB10001424052748704681904576313581047141782
https://www.citigroup.com/citi/news/2011/110321a.htm

In the case of a potential reverse split for Surna, I'd like to hear management/TC explain to us what the broader vision is and why executing a reverse split will help Surna get its nominal share price (regardless of market cap) to a place that will be palatable for Nasdaq, sector ETFs and other places we want to see Surna. Like Robinhood.

TBH I don't hate anything that's happening here. My biggest recent regret was not buying more shares of Surna at $0.0215 in September and I wouldn't mind the opportunity to load up some more. Of course, chart looks good and we're 48 days or so away from Q1 earnings where we get to see how much of the recent sales booking success Surna has been able to convert to revenue.