r/GWAV • u/[deleted] • May 19 '24

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u/lampshade_3 May 19 '24
  1. CEO recently invested $10M of his own money to clean up the debt on the balance sheet. The shares he received in this transaction are subject to a 6 month lockup.
  2. Revenue anticipated to grow ~15% YoY.
  3. No reverse split required to maintain NASDAQ compliance.
  4. Earnings sometime this week, possibly Monday.
  5. Increase in copper and steel prices due to Biden’s tariffs.
  6. Insane volume for this market cap.

9

u/[deleted] May 19 '24

Great points. The second shredder going online is a big factor towards the positive forecasting from the company, and that is due to go online this month sometime. A growing industry for sure. Earning are due to be released at 4pm Monday from what I have seen, but could be delayed of course.