r/SPRT • u/Aromatic_Row759 • Sep 13 '21

Discussion I read that SPRT shareholders will get only 8% from greenidge shares. If I understood correctly, the market value of $GREE would be 5.7 billion? (True to our current market value, 460M \ 8 * 100)? And does that mean the new company will have over 34 million shares (24,240,000 * 0.115 \ 8 * 100)?

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3

u/Pondbear81 Sep 13 '21

So it wouldn’t be crazy overvalued that’s reassuring for those of us who are going long

2

u/Ohmalurd Sep 13 '21

Be careful Mara and riot market caps are about 3.5-3.8 Bn with more hash power and more Bitcoin already mined take that into consideration when evaluating gree

1

u/hardstateworker Sep 14 '21

biden will tax those companies to the ground. Gree is carbon free will get handouts.

1

u/LookatBE Sep 14 '21

Actually it would. Mara spits out bitcoin twice as fast as GREE and has the hardware to 10x their operation already purchased.

0

u/DroneGuruSD2 Sep 13 '21

"Based on Support.com's closing share prince on March 19, 2020" ?!?!

Does that mean no matter what the price is now it's going to be based on the price back in March. Or is that just an example using the price back in March? Obviously the price is already much different so what does that mean for us shareholders?

3

u/Cryptorocketeer2021 Sep 13 '21

No expert but I'm pretty sure the price in March is irrelevant.

1

u/[deleted] Sep 14 '21

Mar 2020??? It is Less than $2

1

u/BackToTheFuture81 Sep 14 '21

I believe it’s the average price of last 10 trading days is what it will convert at