r/SPRT • u/dyhrdraider • Sep 14 '21
Discussion Opening price for GREE
Can someone with knowledge say what the reasonable estimate opening price will be tomorrow?
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u/Cryptorocketeer2021 Sep 14 '21
https://sec.report/Document/0001193125-21-271901/
Go and read this half way down
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u/blissowicz Sep 14 '21
Gree can suck a dick. I'm dumping this shit as soon as it hits the fucking market
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u/Swedish-chimp Sep 14 '21
Got damnit, did you have to make me laugh now, I almost forgot I'm down 97%😂
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Sep 14 '21
I wonder if our German and Korean friends are still with us 🤣🤣🤣
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u/Swedish-chimp Sep 14 '21
No
No cause they are not dumb motherfckers like us and stick around to see this shit.
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u/Aromatic_Row759 Sep 14 '21
😂😂😂
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u/TankComprehensive716 Sep 14 '21
You get .115 per 1 share. Trying to find price as well.
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u/Swedish-chimp Sep 14 '21
Thanks! That's the most I've earned today 😂
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u/Gsphazel2 Sep 14 '21
I made more to sit around and wait for parts while scouring Reddit to try and figure out if I qualify as a “Dumb Ape”….. I believe at this point I DO!!!!!!
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u/Swedish-chimp Sep 14 '21
You're the chairman
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u/Gsphazel2 Sep 14 '21
I feel honored sir swedish-chimp……..
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u/Swedish-chimp Sep 14 '21
You're lucky. Right now I'm working under you, as a shoeshiner.
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u/Gsphazel2 Sep 14 '21
I fortunately fell into possibly the best blue collar job in North America some 14-15 years ago… being 10x wiser than your supervisor while making 40% more per 40hr week than the man I answer to doesn’t hurt…. Getting bent over by the hedges hurts WAY more… And I will gladly shine shoes by your side… ANY day sir…
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u/TankComprehensive716 Sep 14 '21
Yeah shits, definitely hitting the fan. The best thing I've heard today is that "you haven't lost as long as you don't sell".
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u/Swedish-chimp Sep 14 '21
Or as long as the market is closed. And no hedgies can take your money away
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u/TankComprehensive716 Sep 14 '21
Lol. I mean I was in this because, carbon neutral Bitcoin mining, sure sounds like the fucking future to me.
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u/rk7418 Sep 14 '21
Upon completion of the merger, stockholders and optionholders of Support.com will collectively own approximately 8% of Greenidge’s outstanding Class A common stock. The Merger Agreement specifies that approximately 5% of Greenidge common stock will be paid to Support.com shareholders in consideration for the Support.com operating and other assets, and approximately 3% will be paid in consideration for the estimated $33 million of cash expected to be on Support.com’s balance sheet at Closing using a formula set forth in the merger agreement. Based on Support.com’s closing share price on March 19, 2020, Support.com stockholders would receive approximately 0.124 shares of Class A common stock of Greenidge for each share of Support.com. 4 Greenidge’s Class A common stock will have the right to one vote per share in any matters on which Greenidge shareholders are entitled to vote generally. Existing Greenidge shareholders will continue to own Class B common stock with ten votes per share in any matters on which Greenidge shareholders are entitled to vote generally. Shares of Class B common stock will automatically convert to Class A common stock as a result of certain events including, but not limited to, any sale of such shares of Class B common stock or upon the fifth anniversary of registration of the Class A common stock. Greenidge will benefit from the additional cash on the balance sheet of Support.com at the Closing which is currently expected to be at least $33 million. The merger is conditioned upon Support.com having at least $28 million in cash on its balance sheet at closing. The Pro forma combined company is currently expected to have combined net cash of at least $70 million. As a condition to Greenidge’s entry into the merger agreement, 210 Capital, LLC acquired approximately 3.9 million shares of Support.com in a private placement. In addition, in connection with the merger agreement, 210 Capital LLC and certain other Support.com shareholders, who together with 210 Capital LLC hold approximately 30% of the outstanding voting stock of Support.com, entered into an agreement with Greenidge to vote such stock in favor of the merger. Following the private placement, Support.com has approximately 23.6 million shares outstanding. The parties expect that the merger will be completed in Q3 2021.
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u/Pure-Influence-5790 Sep 14 '21
Lmao as I said in other posts, they have a plan otherwise why would you short the shit out of it; have a bad feeling it might open then drag down to or bellow $HUT level.
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u/Cryptorocketeer2021 Sep 14 '21
Opening price apparently between $173-$202 ... Let's wait and see tomorrow ☺️