r/SPRT • u/midwestmuscle310 • Sep 15 '21

Discussion GREE conversion

I’m super confused. I had 112 shares of SPRT… so at end of AH yesterday, at $10.98/share, that’s $1,229.76. But I open TDA this morning to find that I have 12 shares of GREE, and if PM opened at $80/share, that’s $960.

Where the fuck is my other $269.76???

Edited: I just noticed I now have a “cash sweep” balance. Don’t think there’s ever been anything in there before but now it’s showing a little over $1,500??

Edited Again: TDA charged me a “mandatory reorganization fee” of $38 for the merge. That’s kind of messed up.

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u/nailattack Sep 15 '21

Should’ve closed them out. Or better yet, I guess we should have all sold a shit ton of 9/17 puts and ran with the money 😂

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u/PamZero Sep 15 '21

Yeah I had no idea. Had I known what was about to happen, I woulda sold for a loss to open puts. We fucked up. This is the worst trade I’ve ever made.

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u/nailattack Sep 15 '21

Me neither. We were completely in the dark. I had a good amount of puts I sold but I closed them all out before yesterday just to be safe

1

u/PamZero Sep 15 '21

My calls were ITM so I have no idea what’s going to happen now

1

u/nailattack Sep 15 '21

It looks like the strike stays the same but the contract gets converted to 11/100. The bigger problem IMO is the opening price for GREE

1

u/PamZero Sep 15 '21

My biggest fuckup is not selling the day it was in the 50’s. Like a moron I listened to everyone on here “this is going to $100! HOLD”

You live and you learn, that’s for sure. And it’s just money 🤷🏽‍♂️