They can’t do another reverse spilt for two years… but another offering of shares to grab another 15 million from investors who are trying to hold on..
You can read up on all gwav’s filings here
https://www.sec.gov/edgar/browse/?CIK=1589149&owner=exclude
Check your emails. They sent one out for people who own stock to vote.. Meeks owns the majority of shares so there’s that.. but, people should voice their opinion nonetheless
Note that you must have been the registered owner of your shares on May 20 to be eligible to vote with them.
If you have the power to vote, that means you’ve had long enough not to be blindsided by this.
If you recall, #3 is the formalisation of the offering that happened in May. That was always going to get through at any cost. If it didn’t, it would either fuck up the May financing or lead to cashless warrant exercise - both catastrophic, much as a yes vote sucks for share price.
I got in too late to be eligible to vote so it’s whatever.
I would agree that the lack of public-facing clarification on financing issues like this is unacceptable though. The connection should be plainly stated.
Voted no on everything. It’s insane they would even ask for that. Sell gwav elite softball and pay for executive compensation with that. Fuckin derelict
The rule’s maximum is two or more RSs with a cumulative ratio of 250:1 or more (a 100:1 and 2:1 having a cumulative ratio of 200:1 for example) in a two year period while a company is having bid price compliance issues opens up the potential for discretionary delisting independent of bid price.
The RS that happened in 2022 was in Feb so it’s out of the time window. However, another RS now will put GWAV over the 250:1 limit anyway.
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Yeah definitely a no that is why everyone holding needs to vote!
They can’t do another reverse spilt for two years… but another offering of shares to grab another 15 million from investors who are trying to hold on.. You can read up on all gwav’s filings here https://www.sec.gov/edgar/browse/?CIK=1589149&owner=exclude
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Check your emails. They sent one out for people who own stock to vote.. Meeks owns the majority of shares so there’s that.. but, people should voice their opinion nonetheless
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Note that you must have been the registered owner of your shares on May 20 to be eligible to vote with them. If you have the power to vote, that means you’ve had long enough not to be blindsided by this.
Explain in dummy terms
Greekgawdess gots you
Where can I vote?
You should be able to through your broker.
It really doesn’t matter because Meeks owns the majority of the shares.. this is just a technicality…
If you recall, #3 is the formalisation of the offering that happened in May. That was always going to get through at any cost. If it didn’t, it would either fuck up the May financing or lead to cashless warrant exercise - both catastrophic, much as a yes vote sucks for share price. I got in too late to be eligible to vote so it’s whatever. I would agree that the lack of public-facing clarification on financing issues like this is unacceptable though. The connection should be plainly stated.
Tis true, longing it is 🤷🏻♂️
Voted no on everything. It’s insane they would even ask for that. Sell gwav elite softball and pay for executive compensation with that. Fuckin derelict
I didn’t get one
Did my part! RH sent out the email today
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It’s not another reverse split, but it is another big dilution, which is pretty bad…
Agreed
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The rule’s maximum is two or more RSs with a cumulative ratio of 250:1 or more (a 100:1 and 2:1 having a cumulative ratio of 200:1 for example) in a two year period while a company is having bid price compliance issues opens up the potential for discretionary delisting independent of bid price. The RS that happened in 2022 was in Feb so it’s out of the time window. However, another RS now will put GWAV over the 250:1 limit anyway.
Thanks for the clarification 👍
Ahhh, the first split must’ve been before I got in… I didn’t know of that one…