{"id":6646,"date":"2015-08-26T09:14:02","date_gmt":"2015-08-26T09:14:02","guid":{"rendered":"\/?p=6646"},"modified":"2015-08-26T09:39:22","modified_gmt":"2015-08-26T09:39:22","slug":"investors-are-yelling-timber-as-surna-inc-otcmktssrna-crashes","status":"publish","type":"post","link":"\/articles\/investors-are-yelling-timber-as-surna-inc-otcmktssrna-crashes\/","title":{"rendered":"Investors Are Yelling \u201cTIMBER!\u201d As Surna Inc. (OTCMKTS:SRNA) Crashes"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91122\/fsadfsa.png\" border=\"0\" width=\"442\" height=\"197\" \/>A weekend of consideration did not kill Surna Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>)&#8217;s downward momentum. As a matter of fact, the very opposite is true &#8211; the ticker is had another horrible crash immediately after the market opened on Monday, and was down 26.32% by the time the final bell sounded the end of the day of trading. <\/p>\n<p>This latest stumble could only have been the delayed but inevitable consequence of investors taking notice of the company&#8217;s achievements in the last reported quarter. Suffice it to say that the 10-Q for Q2, 2015 did not impress:<\/p>\n<ul>\n<li>Cash &#8211; $145 thousand<\/li>\n<li>Total Current Assets &ndash; $2 million<\/li>\n<li>Total Current Liabilities &ndash; $3.3 million<\/li>\n<li>Revenue &#8211; $1.7 million<\/li>\n<li>Net Loss &#8211; $977 thousand<\/li>\n<\/ul>\n<p>\u041ence said 10-Q hit the web, a couple of things became clear. The biggest problem in <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>&#8216;s <\/strong>case is not the fact that it has very little cash on hand, and that it is failing to make ends meet miserably. That&#8217;s just what business as usual for the more suspicious companies on the OTC Markets &ndash; and seeing as how <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a><\/strong> has more than a few paid pumps to its name, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> <\/strong>is certainly suspicious.<\/p>\n<p>No, what&#8217;s really horrifying is the fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> <\/strong>has more than $1.6 MILLION worth of convertible notes issued and outstanding.<\/p>\n<p>Investors would do well to take that into consideration. It may well be that the stock&#8217;s poor performance in the last few days was due not only to the belated realization of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>&#8216;s <\/strong>mediocrity, but to the dumping of large amounts of converted shares on the market as well.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91122\/fasdfsa.jpg\" border=\"0\" width=\"142\" height=\"83\" \/>This is why extra care should be taken and due diligence done by anyone wishing to trade <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> <\/strong>stock in its present state.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A weekend of consideration did not kill Surna Inc. (OTCMKTS:SRNA)&#8217;s downward momentum. As a matter of fact, the very opposite is true &#8211; the ticker is had another horrible crash immediately after the market&#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-6646","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\/6646","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=6646"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6646\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}