goodgodyall, THANK YOU for this post.
I'm seeing some seriously crazy $h!t in these threads. And the very angry, very red, very confused warning on the intro is just flat wrong.
"The shareholder vote failed in June and they modified the share structure as to not need common share holders' votes."
As described in the filings then, there were not enough votes for certain items on the agenda - the RS vote did not fail. Since the company has incredibly high insider ownership it probably wasn't hard for management to identify one or a few large holders to reach out to and flip their votes and handle it that way. And if you think that's shady you're missing the point - there is high insider ownership. These insider owners have a vested interest in the stock going up. In fact, since Surna paid many (all?) of its employees in stock during the height of COVID, just about everyone in that building has that same vested interest in making you money despite your insistence that they're ruining your life somehow.
Hey, if you don't like it then sell. If you think this company is worth less than $13.5 million then sell. If you think management doesn't know what it's doing or is doing something shady then just sell. I will gladly take those shares.
If you are willing to look at some of the history that goodgodyall referenced and the corresponding SEC filings, you'll be reminded that the RS was always the plan. Restructuring the shares and getting rid of the preferred stock holder (I believe Morgan Paxhia?) was always the plan. Focusing on the right product mix was always the plan. This is happening and I'm all for it.
Let's please also remember fiduciary responsibility. If you aren't familiar with this term please Google it. This management team isn't going to risk going to jail to "ruin" a company, or whatever it is that you think they're doing. They are literally doing what they've said they were going to do and what they believe to be in the best interest of us, the ungrateful shareholders (new products, new partnerships, new markets, restructure, plan to uplist).
I voted for the RS and would do it again. Glad I don't have to.
Take down the intro in red. It reads like you don't understand how to read SEC filings. Apologies that I missed my opportunity to say so previously.
