CEA Industries Inc. (CEAD)

[JMTco]

Sorry, perhaps I'm dense, but I am just completely failing to understand what this means. Not trying to single you out, others have said it. Can someone walk me through the logic?

"'Reverse Split only' accomplishes nothing, except screwing everybody who currently holds the stock."

I don't understand how anyone gets screwed in a reverse split. I understand the argument that it creates a bad perception, but I don't think that's what is being suggested here.

As I understand it... if you hold only 99 shares and the reverse split is 100-to-1 then yes, your 99 shares would be liquidated and you'd receive the proceeds. Or if you hold 1,099 shares in that same 100-to-1 example then you'd end up with 10 shares post-split and your 99-share remainder would be liquidated.

But I wouldn't call that "getting screwed," you're just having a small part of your position liquidated. Plus, we're talking pennies here. In the example above the proceeds you'd get from that liquidation is (assuming 7 cents per share) $6.93, which I'm guessing is actually less than the commissions some of us pay to trade SRNA.