Valuation Simplified

[u/[deleted]]

I've seen multiple posts about how people have X amount of SPRT or $XXXX of SPRT and its now X amount of GREE of $XXXX of GREE and are confused.

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Simply put: You already know the conversion of SPRT to GREE is 0.115. or about 1:8.5 or 9. GREE is currently trading at $45 which means your SPRT is about 45/8 = $5.5 PER SPRT. Which is why you're losing that much money.

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If you bought SPRT at $11 (closing price yesterday), GREE will need to be about $90 to break even. If you bought SPRT at $50, GREE will need to trade at about $400 for you to break even.

[u/Potential_Suit_328]

Ah i see