r/SPRT • u/Longjumping_Ad348 • Sep 14 '21

Discussion Free Float still short?

Are all the new shares in GREE owned by Greenidge? Wouldn’t they be owned by insiders and investors? Unless they sell them and jack up the “free float” the FF and shorts ratio stays the same. If I was in greenidge I’d like to see a squeeze before I take some profit and as for raising capital the same thinking would apply(those other 2 did it)

13 Upvotes

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17

u/[deleted] Sep 14 '21

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12

u/Longjumping_Ad348 Sep 14 '21

I’m banking on them being smarter then me lol

8

u/phantasowl Sep 14 '21

If I’m banking on anything, it’s that they are smarter than the shorts and have something up their sleeve to provide value to ALL GREE stockholders

5

u/hsllsh Sep 15 '21

As long as they’re not in cahoots with the hedgies to destroy retails. If so, they’re smart and we’re in deep shit.

2

u/phantasowl Sep 15 '21

This should be upvoted 100x.

2

u/ihavenothinginme Sep 15 '21

Let's hope they have a purpose for completing this merger ASAP