Replies to post #9685 on CEA Industries Inc. (CEAD)

[LongMJ]

Agreed. Not all of it but it subsidized a decent chunk.

[all4weed]

Looks like that's the only way company can now generate revenue, by selling (PP) at higher price and buying from management at lower...

This company had difficulty in executing projects, and growing. What keeps you holding it and expecting the new management can turn things around from 0.16s to $5

[goodgodyall]

The private placement news was uneventful. There were, however, some very favorable nuggets that could be read into the news. First, the private placement was raised at .16 so it must have closed while the share price was at or above .20. Secondly, the amount raised was just $1.201M to cover expenses compared to $1.8M in November. In addition, $400K of the PP went to the Keens buyout, further suggesting that only 810K needed to be raised to cover costs. Are revenues beginning to absorb operating expenses? Surna raised 7.562 M shares at .16 and bought 3.125M back from the Keens at .128. This was stage one of the Keens exit strategy which is helpful to all parties since the Keens are prevented from dumping their shares on the open market. Finally, Bechtel himself kicked in $125K to the PP which implies he is heavily motivated and incentivized.