Business Context and Reporting Period
Company: MassRoots, Inc. (Note: Request metadata listed "Greenwave Technology Solutions, Inc.", but the filing text identifies the registrant as MassRoots, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: August 15, 2018 (Event Date: August 14, 2018)
Context: The filing addresses an incident occurring during a shareholder update call regarding the company's dispensary portal and Q4 2018 milestones.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a non-financial corporate event rather than financial performance data.
Material Changes and Events
- Item 8.01 Other Events: During a shareholder update call on August 14, 2018, a caller identified himself as "John Wallace from SEC Enforcement" and asked questions.
- Verification of Caller: The company confirmed it has never received communication from the SEC Division of Enforcement. A search of the SEC's automated personnel locator for "John Wallace" and nine spelling variations returned negative results.
- SEC Confirmation: The company contacted the SEC directly, and a receptionist confirmed that no person by the name of John Wallace is employed by the Commission.
- Conclusion: The company believes the caller misrepresented his identity as a government agent.
Outlook, Risks, and Management Commentary
- Management Action: The company is submitting a report of the incident to the SEC and intends to investigate to identify the true identity of the caller.
- Risk Reference: The filing references an SEC Investor Alert regarding persons posing as government agents.
- Exhibits: A transcript of the shareholder update call is filed as Exhibit 99.1.
Investor Verification Checklist
- Verify the company name is MassRoots, Inc., not Greenwave Technology Solutions, Inc.
- Confirm the company has no ongoing investigation by the SEC Division of Enforcement.
- Review the transcript of the August 14, 2018 shareholder call (Exhibit 99.1) for details on the caller's questions.
- Monitor for any future updates regarding the investigation into the impersonator.