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"North America is expected to be the fastest growing market for post shredder technology during the forecast period, in terms of value."
Second Automotive Shredder at Greenwave Expected to Materially Increase Carrollton Facility's Revenues Beginning in Q4 2023
2023-09-28 09:37 ET - News Release
Additional Shredder to Double Greenwave's Ferrous Metal Processing Capacity
Greenwave Poised to Expand to 20+ Metal Recycling Facilities
CHESAPEAKE, Va., Sept. 28, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it expects its second automotive shredder to materially increase its Carrollton facility's revenue in Q4 2023. The Company's second automotive shredder will double Greenwave's ferrous metal processing capacity and facilitate its planned expansion to more than 20 metal recycling facilities in the coming months.
.65 looked like the entry on that pullback
As the industry could be headed toward consolidation, Greenwave Technology Solutions (NASDAQ:GWAV) is undertaking an aggressive expansion strategy to ramp up its capacity and meet the growing demands of major U.S. steel mills.
Greenwave is a leading metal recycling facilities operator with locations across Virginia and North Carolina that collect, classify and process raw scrap metal to supply major steel mills and foundries. The metal recycler has reported achieving significant growth in the first half of this year as heavy investments in infrastructure began to pay off, with the company generating $1.23 million in positive cashflows from operations during the six months ended June 30, 2023 - a new record for the company.
Arena Investors is a global institutional asset manager that provides creative solutions for those seeking capital in special situations.
With more than 100 people across six global offices and operating in 20 countries, we often provide capital where others won’t.
Keeps expanding into more states = GWAV
Fits the mold for a low float small cap runner coming off lows. I’m still keeping a eye on it for volume.
This boards awfully quite... hopefully a nice PR can change that!!
My man, I appreciate that.
I have not heard of that group.
Can you supply the 13G filing?
13G filed today for GWAV by Arena Investors LP - they now own 9.5% of GWAV. Does anyone know anything about this outfit?
New 10%+ owner or director, not sure?
https://www.sec.gov/Archives/edgar/data/1589149/000149315222023468/xslF345X03/ownership.xml
https://www.pbp-attorneys.com/our-team-member/j-bryan-plumlee/
Yep...debt free money machine going forward
The form 8-A12B filed on 7/21 indicates that this was conversion of all convertible notes into common stock concurrent with the uplist to NASDAQ.
Got out at about 3.58 this morning and put it all into BBBY at $15.52 this morning.
I’ll be back once I cash out on BBBY
From yesterday to today, I noticed the outstanding shares jumped from 3ish million to 10ish million.
There we go now!
Crossed 1MM traded, very cool.
Rings opening bell, PPS immediately drops LOL
Come on GWAV!!!
I would say that is a most excellent find. Knowing they will be diluting up to 100 million shares over the next 3 years will absolutely impact shareholders. Thanks for sharing. I almost jumped in, as I have been watching this for a few weeks. Cheers!
Shelf offering up to $100M
https://www.cmlviz.com/stocks/GWAV/news/b/2022/08/01/greenwave-technology-solutions-files-for-mixed-shelf-of-up-to-100-mln
I couldn’t find much more than this.
Did not see that happening. I believe their valuation(based on PPS) is less than they make in a full year now.
Come on GWAV!
$GWAV: WOW ... that Nasdaq-uplisting didn't help at all
Knocked down by over 50% already
That bites.
Will add if it gets to sub $1 at this rate
GO $GWAV
Probably close. I don't imagine the MM's pushing GWAV too far down, wouldn't want to ruin the filing status whatever the min is for NASDAQ.
I got tired of loosing value due to the manipulation and sold out before going red but I'll be watching what goes on. May get back in later. GLTU Coolrunning.
Getting raked through the coals!
GWAV should switch back to OTC. Loosing almost $3pps after uplisting is annoying.
Nice to see some premarket movement
That makes sense. I had a lot of MSRT shares that turned into GWAV but I bought more today at $6.05.
NSDQ is manipulating the hell out of GWAV today just to get lower priced shares.
Perfect. Let’s keep the updates going!
First day on Nasdaq, getting smacked around a little.
No, it can stay. Twitter & Tesla are on here and so are some others.
Does this sub get turned off now they GWAV moved to Nasdaq?
GWAV moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Don't know if this is real or a joke but it's funny. TD Level 2 prehour Ask is over 2k.
(I've got a screen shot but not sure how to post it on here.)
Some good news must be coming out soon. MM's getting the pps to drop a lot this morning.
Greenwave Technology Solutions, Inc. (OTC:GWAV) reported second-quarter revenue growth of 56% year-over-year to $10.70 million, above the previously predicted 40%.
GWAV generated positive cash flows from operating activities for the six months ending June 30,
Greenwave Technology stated that it is currently installing a second shredder at its Carrollton yard to process cars, household appliances, and industrial products, along with a downstream system at its Kelford yard to increase its recovery yields of copper, aluminum, brass, steel, and other metals.
“We believe the equipment coming online this year could accelerate Greenwave’s revenue growth in Q4 2022 and FY 2023 while potentially increasing our profit margins. Further, these infrastructure improvements give us the capacity and platform to open additional locations or potentially acquire existing, profitable yards,” stated Danny Meeks, Chief Executive Officer of Greenwave.
Greenwave submitted its application to uplist to NASDAQ in May and believes it will meet the listing requirements without a further capital raise.
Greenwave Technology Solutions, through its wholly-owned subsidiary Empire Services is an operator of 11 metal recycling facilities in Virginia and North Carolina.
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