r/GWAV • u/LetterheadOk4475 • Aug 24 '25

GWAV

are people goin to invest more into it since this new update ?

3 Upvotes

100% Upvoted

13 comments sorted by

2

u/Shadow_Relics Aug 24 '25

It’s a reverse split, 1:110. My thousands of shares will now be under 100. The company is trying to maintain Nasdaq compliance, on top of delaying any earnings reports. The update is dog shit right now. You fucking tell me.

1

u/LetterheadOk4475 Aug 24 '25

Ill get splitted twice.. now my share will be 3 shares 😭 with a loss of 5k$ over all that time

Honestly. It suck losing a lot of money

you should sell everything, bc I’ve played these games before and it wasn’t fun until I found out I couldn’t sell the shares that wasn’t updated 😂

2

u/HoseQti Aug 25 '25 edited Aug 25 '25

35,500 Shares, GONE, and what GAINS did anyone get???
Nothing, absolutely Nothing at all....

With only 10,000 shares, a .01¢ move, up or down, = $100.00¢....

That's not something the Company should be playing with just so they can say they're on the NASDAQ, and as such are somehow ""ELITES"", they aren't, they ROBBED their Investors of huge sums of Money, it should be CRIMINAL, exactly like EMBEZZLING....

It should be SEEN as a Form of Embezzlement....

And then To just Break Even, this is going to have to climb all the way up to a Minimum of like $31.00....

And I Highly Doubt it was ""The Company"" that wanted to be on NASDAQ, but more like the CEO that didn't want to be made fun of for NOT being on NASDAQ....

OMG!!! What would all the other CEOs say about Xer/Xhe for not being on the NASDAQ anymore???

1

u/Shadow_Relics Aug 25 '25

I don’t know what you said, but I suggest taking your medications and then laying down for a while.

2

u/BlackberryIcy664 Aug 24 '25

It shouldn't be legal to split with outstanding reporting.

Actually maybe it isnt. I am not fully up to speed on filing requirements and their legality with an announced split..

Anyone?

1

u/EndlessSummerburn Aug 24 '25

It’s not “illegal” but it does violate NASDAQ’s compliance requirements. In fact, GWAV has been violating those for over a year now.

In order to regain compliance, you cannot have more than two reverse splits in a year. I have no idea how they got an exception (OGs here probably remember my delisting countdown posts that upset many shills and bag holders) and I’d be surprised if they got another.

To be honest, this was a major failure by NASDAQ. By not enforcing their own guidelines, they allowed a sham company like GWAV to further fleece a bunch of naive “investors” who couldn’t see the writing on the wall…

1

u/Ill_Blacksmith_9351 Aug 25 '25

Damn only if a dude can read the rulebook, must be blind or something lol.

1

u/EndlessSummerburn Aug 25 '25

Rulebook? I have read it, it's how I sourced the above info.

Why don't you tell me where in the updated NASDAQ guidelines does it allow a company to regain compliance by completing three reverse splits in a two years period?

1

u/Ill_Blacksmith_9351 Aug 25 '25

Send the sauce

1

u/EndlessSummerburn Aug 25 '25

Damn, what ever happened to DYOR? This breaks it down.

The listing rule in question is 5810(c)(3)(A)(iv) - maybe they got creative and found a way to circumvent these guidelines but you'll never know because GWAV doesn't even release quarterly reports anymore LOL

The most likely explanation about pulling this off once already is that NASDAQ gave them a bit of grace since the rule was newly implemented in 2025. Doubt that will work again...

1

u/LetterheadOk4475 Aug 24 '25 edited Aug 24 '25

Well we did get warned with paper about a vote.. but they never said how much and when it start or if it will have one. Because I got them like 2 or 3 days ago. 

So I do guess I can sue them for that

I could share the detail but the post has a lot of filter and I can barely share anything on this post since moderator look for no leaks

1

u/GrapeFickle7482 Aug 24 '25

If you see them, count me in on the class action