$Greenwave Technology Solutions Inc.(GWAV)$
Folks, irrespective of the price movement, I believe this is a true successful company..
Based on the research I did on their business growth, prospects, management's ( Danny's ) successful history of companies in this area ( multiple of them in his career ).. this is a legitimate business..
It is given that GWAV did have financial constraints, true, but the money barrowed was 'well' spent on building advanced tech and processing that already started paying off.
Please check their website for what kind of processing improvements they focussed on for additional revenue.. awesome..
They are just 2 quarters away from being EBITDA positive.
Already projected growing revenue and their recent track history is the base to believe their projections for 2024.. it's all in SEC filings..
More than anything, things are aligning for them now, with the rising metal prices + recently imposed additional tariffs on Steel and Copper..
Recylcing scrap metal is a VERY profitable business.. not only govt subsidizes the processing cost, the finished product is sold at the market prices !!! which are continuously going up..
Founder and CEO has great faith in his company and to prove it he put in his own $7 million dollars to purchase 'Common Stock' that we are holding... He could have acquired ALL preferred shares for $17 million that he lent to company as well.. instead $7M went into common..
This stock DID trade close to $1 recently..
Please do your own Due Diligence before taking your position.
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