{"id":5498,"date":"2015-05-01T12:13:33","date_gmt":"2015-05-01T12:13:33","guid":{"rendered":"\/?p=5498"},"modified":"2015-05-01T12:34:01","modified_gmt":"2015-05-01T12:34:01","slug":"surna-inc-otcmktssrna-pressed-to-new-52-week-low","status":"publish","type":"post","link":"\/articles\/surna-inc-otcmktssrna-pressed-to-new-52-week-low\/","title":{"rendered":"Surna, Inc. (OTCMKTS:SRNA) Pressed to New 52-Week Low"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/89\/89957\/srna_6m_450x350.png\" border=\"0\" \/>The new year has not been too kind to Surna, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>). After it boasted highs of forty cents per share in early January, Surna has proceeded to drop like a stone with little interruption from that high perch. The company sank to a new 52-week low yesterday as massive selling pressed the price 15% down.<\/p>\n<p>Surna shifted over 2.9 million shares in yesterday&#8217;s session &ndash; an all-time record for the company. Sadly, the other new thing was a 52-week low at $0.087 per share. The company&#8217;s chart standing took a further blow as Zynga superstar CEO Tom Bollich left the company in February. That&#8217;s not to say that Bollich comprised the entirety of factors that drew investors into <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> but leaving the company just as things were allegedly starting to look up for the business did not really inspire confidence either.<\/p>\n<p>Surna&#8217;s latest financial report sits in the company&#8217;s 10-K for fiscal 2014 and contains the following:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$689 thousand in cash<\/li>\n<li>$2.2 million in current liabilities<\/li>\n<li>$1.8 million in 2014 revenues<\/li>\n<li>$2.9 million in 2014 net loss<\/li>\n<\/ul>\n<p>The latest 8-K from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> informs of the appointment of Mr. Tae Darnell as the company&#8217;s principle executive officer and president, replacing Bollich until the board of directors elects person to permanently fill the CEO spot.<\/p>\n<p>On the upside, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> at least has not been diluting too much. The company went from 104 million shares in November to 119 million in early April.<\/p>\n<p>Thankfully, at least the promotional pump mails targeting <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> have come to a halt. The last of those came through on March 20. Within the 30 days that followed, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>&#8216;s stock price has dropped about 55%. Only time will tell whether the stock has found a bottom at this level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new year has not been too kind to Surna, Inc. (OTCMKTS:SRNA). After it boasted highs of forty cents per share in early January, Surna has proceeded to drop like a stone with little&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1504],"class_list":["post-5498","post","type-post","status-publish","format-standard","hentry","category-news","tag-srna"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5498"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5498\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}