Business Context and Reporting Period
This Form 8-K Current Report is filed by MassRoots, Inc. (not Greenwave Technology Solutions, Inc.) on December 1, 2016, covering events occurring as early as November 25, 2016. The company is incorporated in Delaware and operates from Denver, Colorado.
Key Financial Metrics
This filing is a current report regarding specific corporate events and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Corporate Events
- Board Departure: On November 25, 2016, Mr. Stewart Fortier resigned as a member of the Board of Directors. The resignation was without cause and not due to any disagreement with the Company. Mr. Fortier will remain with the Company in a non-executive role as Lead Recruiter and Head of Culture.
- App Store Approval: On December 1, 2016, the MassRoots Android application received approval for listing on the Amazon App Store. This provides an alternative distribution channel while the Company continues efforts to restore its listing on Google Play.
- Investor Presentation: The Company announced it will present at the LD Micro Main Event on December 7, 2016, at 2:00 pm EST, with a live webcast.
Guidance, Outlook, and Risks
The filing includes a standard cautionary note regarding forward-looking statements, noting that actual results may differ materially due to risks and uncertainties. Specific risks are referenced as being detailed in other SEC filings. The Company undertakes no obligation to update forward-looking statements except as required by law. No specific financial guidance or outlook was provided in this document.
Key Facts for Investor Verification
- Verify the status of the Company's application listing on Google Play, as the Amazon App Store approval is a temporary alternative.
- Confirm the composition of the Board of Directors following Mr. Fortier's resignation.
- Review the press release (Exhibit 99.1) for details regarding the upcoming presentation on December 7, 2016.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial performance metrics.