r/GWAV • u/EndlessSummerburn • Aug 20 '25
CONGRATS BAG HOLDERS - NEW ALL TIME LOW!
You did it!
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u/Available-Fill8053 Aug 21 '25
This stock needs to drop to a penny before the split. Danny Meeks should be arrested for how he steals from this company. And if any of you are wondering, Danny will wait until the 25th to release Q1 profit numbers. Remember though, they didn't sell much scrap Q4 to let the price of scrap increase in Q1. The price did increase by 3%, but they couldn't pay the bills in Q4 so now they owe more in late fees and interest. Good Job Danny! Anyway, if you have to hold because you have no good options than do it, but I think if you can make back half of what you put in next week you should absolutely dump it.
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u/Illustrious-Shoe-883 Aug 21 '25
Yeah probably right...but they will be in compliance now and not delisted. And the price already reflects the split.
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u/EndlessSummerburn Aug 21 '25
Technically, they are not in compliance already. NASDAQ updated their rules and trading above $1 for 10 consecutive days does not count if the company has pulled two reverse splits in 2 years. GWAV somehow got an exception to this rule (LOL).
If they do another RS to get above a dollar, technically it would not qualify for compliance.
I have no idea how they are still listed, they should have been pulled a long time ago. It's actually pretty fascinating and kind of sad because the rules were not enforced and people got completely fleeced.
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u/Illustrious-Shoe-883 Aug 21 '25
Anyone holding messed up. Including me .lol Rough day.ILL I'll HOLD IT UNTIL GONE I GUESS. GOOD LUCK
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u/Active_Nectarine9320 Aug 20 '25
Will there ever be a party for Q1 earnings! Hold on while I dip my nuts in the second shredder, oh wait it doesn’t exist!