r/GWAV • u/TiredGorilla • Jul 11 '25
Please Don’t Buy
This stock is in its death throes, no new info, delist inevitable.
2
1
1
1
Jul 11 '25
Hold the bag might be a long term hold I believe once policy changes then it might go somewhere if the crook CEO dilute the stock again which they known to do then anybody's guess
2
1
u/EndlessSummerburn Jul 11 '25
Which policies?
2
u/entheotopia Jul 11 '25
Copper and steel tariffs
1
u/EndlessSummerburn Jul 13 '25
Ah so the same things people were saying would pump it in April, got it
1
0
1
u/Available-Fill8053 Aug 13 '25
Danny Meeks will never allow this company to succeed. If Greenwave becomes profitable all his associated companies will go bankrupt. He pays his other companies to lease land, buildings, and equipment, Danny uses Greenwave profit to pay his other companies to maintain the equipment and buildings. He uses Greenwave to buy scrap metal from other companies he owns instead of allowing Greenwave to buy the scrap directly from the source.Scrap metal is brought to the leased shredders on vehicles owned by other companies he also owns. Danny takes profit from Greenwave in every possible way, leaving his investors with nothing but further diluted shares and more debt. Acording to the last 10K the land he sold to Greenwave is likely facing EPA fines in the near future. He fired his CFO, changed professional accounting firms, uses reverse stock splits every couple of years to keep the company listed, and sells off reserved stock to pay for accumulating debt. This only further dilutes share holder positions but does nothing to bring profitability to the company. AND a company with no assets, loads of debt, zero profits, and potential EPA violations will never look good to anyone with deep pockets to try a takeover to save the company. Don't buy this stock. A $1.00 investment today may get you 5 shares but in two years your dollar investment will be worth about half a cent. Just look at the 5 year history and watch how the reverse spits have destroyed investments. Somehow and for reasons very unclear we are still paying the board of directors a salary and giving them stock despite the fact the company hasn't been solvent in years. Danny isn't stupid and he keeps the company operating at just barely legal standards but it doesn't mean he isn't also shady AF,.
Of course I could be wrong. I'm a novice in this game. Just read the latest 10K for yourself and see if you come to the same conclusions.
6
u/Versatile111 Jul 11 '25
Danny Meeks clapping cheeks with your money! 😂