Replies to post #12301 on CEA Industries Inc. (CEAD)

[daystreaming]

No argument here and thanks for posting. I recall in a pre COVID presentation they mentioned up-listing to NASDAQ and also a price goal around $4. Obviously a RS at today’s price to get to $4 would decimate most shareholder positions, so I would prefer the SP get to $0.50 or more for better ratio to get us there. 10-1 is a lot more appealing than 40-1.

[Bluejay333]

Acquisitions and uplifting is also my first thought.
These are CEOs goal with proven track record of success.
$SRNA

[entrepreneur61590]

This is an exceptional analysis and shows you have done extensive DD - Stickied. These kinds of posts in the morning get me stoked for opening bell


SRNA

[Plan9FromOuterSpace]

Admire the optimism, but....

More shares, and reverse splits are almost always bad ideas. Who cares about a Nasdaq listing if current shareholders get decimated. It's almost like rooting for a company to go BK, so you can lose your current investment, and then buy the new ticker a few years later...makes no sense.

Let's hope that this is the only thing that happens:

(i) Execute the preferred share conversion to eliminate the outstanding preferred shares, mostly owned by Morgan Paxhia, and convert them to common stock