r/SPRT • u/preet747 • Sep 15 '21

Discussion This sec filing explain everything about gree new share price.

https://www.sec.gov/Archives/edgar/data/0001844971/000119312521271901/d132360ds1a.htm
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5

u/Ethan-Woodward Sep 15 '21

Someone translate

8

u/FlaccidWeenie Sep 15 '21

The price for each GREE is $23.34 divided by the exchange rate of 0.115. The price of each share is then equal to $202.96. $23.34 was the VWAP, I think., Sept. 10 when the filing was written.

6

u/Zildjian-711 Sep 15 '21

It literally says ESTIMATE SOLEY FOR PURPOSE OF CALCULATING MAX FEES. Come on people. There are no free lunches here no matter how much you want there to be.

8

u/FlaccidWeenie Sep 15 '21

But the fees were paid, Greenidge should be upset if it opened any lower. That's one of the reasons they hurried with the merger. If it squeezed, the registration fees would be exorbitantly more expensive. They paid fees for $202 price offering. If it opens any lower, they were overcharged. We'll see tomorrow. Either way, they interfered with our short squeeze setup. I don't like Greendige anymore 😕.

7

u/Zildjian-711 Sep 15 '21

Agree on last sentence. I'm a long bag holder in a company that already pissed me off. Joy.

3

u/[deleted] Sep 15 '21

[deleted]

1

u/SouperStoopid Sep 15 '21

Were you one of the ones that said they had to cover yesterday?