Greenwave Tech Solutions Inc (GWAV)

[Jaydixson1]

Weeeeee

[DGStocks]

Why so QUIET? LET'S GO $$$$$ $MSRT WEEEE

[mycatch]

why cry time?

[YouOnlyLiveOnce]

VOLUME

[Masspennies]

so volatile! lol

[jonnyvs]

Beautiful looking L2 ... so thin

[Cheetah SPEED]

NASDAQ

[Chartmaster]

Breakout Baby!!! $MSRT

[Chartmaster]

Going to .10 here imo, $MSRT

[Chartmaster]

I didn't read it

[Masspennies]

I am seeing that MSRT has 500M shares and this will increase to 1.2B.

Is that right?

[Chartmaster]

8K Out Today!
https://www.otcmarkets.com/filing/html?id=14985223&guid=ixpnUaRr5A72M3h

[Masspennies]

What is your opinion on Empire acquisition?

[Cheetah SPEED]

Mooning

[Jaydixson1]

Wow heavy buying

[Chartmaster]

MassRoots Enters into Letter of Intent to Acquire Empire Services, Inc.

Empire Services generated unaudited revenues over $20 million in each of fiscal years 2020 and 2019, with net positive cash flows from operations

DENVER--(BUSINESS WIRE)-- MassRoots, Inc. ("MassRoots" or the "Company") (OTCPink:MSRT), a technology company focused on the regulated cannabis industry, today announced that it has executed a Letter of Intent (the “LOI”) with Empire Services, Inc. (“Empire”). Pursuant to the LOI, the Company plans to acquire all equity of Empire in a primarily stock-based transaction with the estimated value of approximately $14 million.

“We believe this acquisition will be transformative for our Company and its shareholders – upon closing, for the first time in our history, we expect MassRoots will be generating significant revenue and positive cash flows from operations,” stated Mr. Isaac Dietrich, Chief Executive Officer of MassRoots. “This deal is a new beginning for MassRoots and I could not be more excited to work with our team to execute on our strategic business objectives.”

“We intend to build MassRoots into a diversified conglomerate of profitable businesses as we focus on creating long-term shareholder value,” stated Mr. Danny Meeks, President of Empire. “I look forward to establishing strong corporate governance and operating procedures that will facilitate our continued growth. I believe this will be the first of many acquisitions and asset purchases.”

Established in 2002, Empire operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. It has historically generated higher profit margins when market prices for metal rise.

Upon closing of the transaction, Danny Meeks, the sole shareholder of Empire, will join MassRoots’ Board of Directors as its Executive Chairman. Over the coming months, the Company intends to settle its outstanding preferred shares and debts primarily with cash flows from operations.

About MassRoots

MassRoots, Inc. (OTC Pink: MSRT) is a leading media company focused on the regulated cannabis industry, with a significant following and traffic across its online and social media platforms. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. For more information on MassRoots, please visit MassRootsInvestors.com.

About Empire Services

Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. Empire is headquartered in Virginia and has approximately 65 employees as of April 2021.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20210505005501r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20210505005501/en/

Isaac Dietrich
[phone]
[e-mail]

Source: MassRoots, Inc.

© Copyright Business Wire 2021
https://www.otcmarkets.com/stock/MSRT/news/story?e&id=1885207

[Cromer77]

8k and massive news dropped today

[Cheetah SPEED]

Beautiful consolidation

[Chartmaster]

MSRT became PINK CURRENT Today!

[Chartmaster]

Chartmaster's a buyer of MSRT right here at .02, she's consolidated long enough and I expect a breakout to the upside!

[Swamp_gas]

Mexico to legalize MaryJane?
https://www.yahoo.com/news/mexico-legalize-marijuana-put-pressure-223625934.html
Next month will be interesting!$$$MSRT

[Cheetah SPEED]

Watch what happens when volume crushes the ask

[Swamp_gas]

News of new website launched yesterday - https://marketwirenews.com/news-releases/massroots-launches-new-website-7898928237886847.html?i=c

https://www.massroots.com/

This company has good $$$ potential, at least they want to be that way. Good for us.

[MrTrader129]

Yikes

[Cheetah SPEED]

LOAD EM for the 30 cent rocket run

[@LaughinPaulRyan]

Competitors

We compete with other cannabis platforms such as WeedMaps and Leafly, which provide news and other information related to the cannabis industry. We believe our primary competitive advantage is the community and audience we have established, along with the data we have cultivated on key cannabis markets.

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. In order to generate meaningful revenues, our technologies must be fully developed, gain market recognition and acceptance and develop a critical level of successful sales and product installations. In addition, management believes that the successful growth and operation of our business is dependent upon our ability to obtain adequate sources of funding through equity or debt financing to adequately support research and development efforts, protect intellectual property, form relationships with strategic partners and provide for working capital and general corporate purposes. There can be no assurance that the Company will be successful in achieving its plans as set forth above.

Our costs include employee salaries and benefits, compensation paid to consultants, materials and supplies for product development and commercialization activities, and administration, travel, legal and accounting expenses, sales and marketing costs, general and administrative expenses, and other costs associated with an early stage, publicly-traded technology company. We currently have 3 full-time employees. Because using third party expertise and resources is more efficient than maintaining full time resources, we also expect to incur consulting expenses related to technology development and some administrative, sales and legal functions commensurate with our current levels.

The amount that we spend for any specific purpose may vary significantly from quarter to quarter, and could depend on a number of factors including, but not limited to, the pace of progress of our commercialization and development efforts, actual needs with respect to product testing, development and research, market conditions, and changes in or revisions to our sales and marketing strategies.

Research, development, and commercial acceptance of new technologies are, by their nature, unpredictable. Although we undertake development and commercialization efforts with reasonable diligence, there can be no assurance that the net proceeds from our securities offerings will be sufficient to enable us to develop our technology to the extent needed to create future sales to sustain operations. If the net proceeds from these offerings are insufficient for this purpose, we will consider other options to continue our path to commercialization, including, but not limited to, additional financing through follow-on equity offerings, debt financing, co-development agreements, sale or licensing of developed intellectual or other property, or other alternatives.

We cannot assure that our technologies will be accepted, that we will ever earn revenues sufficient to support our operations, or that we will ever be profitable. Furthermore, we have no committed source of financing and we cannot assure that we will be able to raise money as and when we need it to continue our operations. If we cannot raise funds as and when we need them, we may be required to scale back our development plans by reducing expenditures for employees, consultants, business development and marketing efforts or to otherwise severely curtail, or even to cease, our operations.

[@LaughinPaulRyan]

NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

As of September 30, 2020, the Company had cash of $650 and a working capital deficit (current liabilities in excess of current assets) of $83,791,130. During the nine months ended September 30, 2020, the net loss available to common stockholders was $142,405,892 and net cash used in operating activities was $717,062. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issuance of the unaudited condensed consolidated financial statements.

During the nine months ended September 30, 2020, the Company received proceeds of $637,000 and $132,911 from the issuance of convertible notes and non-convertible notes, respectively. The Company does not have sufficient cash to fund operations for the next fiscal year.

The Company’s primary source of operating funds since inception has been cash proceeds from the public and private placements of the Company’s securities, including debt and equity securities, and proceeds from the exercise of warrants and options. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. The Company’s ability to continue its operations is dependent upon its ability to obtain additional capital through public or private equity offerings, debt financings or other sources; however, financing may not be available to the Company on acceptable terms, or at all. The Company’s failure to raise capital as and when needed could have a negative impact on its financial condition and its ability to pursue its business strategy, and the Company may be forced to curtail or cease operations.

Management’s plans regarding these matters encompass the following actions: 1) obtain funding from new and current investors to alleviate the Company’s working capital deficiency; and 2) implement a plan to increase revenues. The Company’s continued existence is dependent upon its ability to translate its audience into revenues. However, the outcome of management’s plans cannot be determined with any degree of certainty.

[@LaughinPaulRyan]

On February 4, 2021, MassRoots, Inc., a Delaware corporation (the “Company”), issued a press release announcing, among other things, that it had entered into an amendment to that certain Letter of Intent to purchase the technology platform of Herbfluence, Inc., a Delaware corporation (“Herbfluence”, and the “Letter of Intent”). A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

[@LaughinPaulRyan]

... $.033 ... $MSRT

[Cheetah SPEED]

MONTHLY : BULL FLAG

[Cosa]

MSRT cash on hand $650 bucks lmao
Source Yahoo Finance. Fins Sept 2020

I know some of you got in for buttons and made a pretty penny, but common man. That’s hilarious

[Cheetah SPEED]

SLING$HOT EFFECT

ROCK YA

[Cheetah SPEED]

Daily : Bull Flag

[radly]

Wow what desperation, selling cups and stickers for $50 each to try and survive.

https://mailchi.mp/massroots/storerelaunch?e=ee4f5e6dfc

Don't know how this is trading as high as it is.

[Cheetah SPEED]

Building higher support before new highs.

[JJSimmons]

Exactly. How the SEC allows this scam to defraud shareholders is amazing.

[JJSimmons]

You cannot compare the two. WeedMaps is a real compnay that offers a real service and this a beat up old pump and dump

[JJSimmons]

Company is nothing more than a stock scam. Does not take a genius to look at the long history of stock promotions and embezzlement surrounding this scam.

[Wreckonthrough]

In 100k at .0283, let's ride D baby

[Cheetah SPEED]

DANCING ON MY WRIST

[Champion79]

https://herbfluence.com

$MSRT

[WingsuitWellness]

Heck yea Cheetah!!

[jjh573]

Awesome move here, and only the start! The sector is picking up steam.. load all you can this is really going to pop..


MSRT$$

[Cheetah SPEED]

Hehehehe stick around awhile

See u in DOLLAR LAND

[jjh573]

Weeeee

[tickersym]

Looking Great here!!!

[Cheetah SPEED]

$3.333

[Teto71]

wow this was at 1$ in February 2017

[jjh573]

$MSRT what a week!

[Cheetah SPEED]

WALL AT .014

COME ON CRUMBLING DOWN