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Greenway Technologies Inc (QB) GWTI

Greenway Technologies, Inc., through its subsidiary, Greenway Innovative Energy, Inc., engages in the research, development, and commercialization of gas-to-liquids synthesis gas (syngas) conversion systems and micro-plants to meet individual natural gas field/resource requirements. The company offers G-Reformer unit, a component used to convert various natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and/or biomass gas into syngas for producing fuels, such as gasoline, diesel, jet fuel, methanol, and other chemicals, as well as hydrogen. It also owns mining claims covering approximately 1,440 acres on Bureau of Land Management land located in Mohave County, Arizona. Greenway Technologies, Inc. was formerly known as UMED Holdings, Inc. and changed its name to Greenway Technologies, Inc. in June 2017. The company was incorporated in 2002 and is based in Arlington, Texas.


OTCQB:GWTI - Post by User

Post by txup00on Dec 18, 2020 3:52pm
95 Views
Post# 32142193

Determined to kill shareholder value

Determined to kill shareholder valueGWTI senior management and board of directors turned down a potential contract worth at least $100mm in profit thereby breaching its fiduciary responsibilities. They insist on pursuing a ridiculous business model at the expense of shareholder value. Incompetence abounds. They have failed to raise any significant funds since before issuing 200mm more at the one and only shareholders meeting in their multi-year history (SEC Violation #1 of many). In my opinion, shareholders should vote the management and entire board out asap if they want to recover any value.
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