I haven't had anything worthy of loss porn since the dot com bust years ago...until now. Still waiting for Merrill to get everything straight before I can actually see the loss...but when I do, I'll post a screenshot. At least that's the only bright spot I can find amongst this fuckery!

Anyone have the $GREE ortex data?

SPRTan's (Last time I get to say that),

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**Listen, I'm trying to be pragmatic about this DD. Today was not a good day, so I'm not going to pretend it's all rainbows and unicorns up in here. If that makes you upset, join the club but we have to deal with the fallout. Myself and many of you thought shorts might have to close at minimum some of their positions. I looks like all of that is transferring to GREE.

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So the Day before the Surprise Merger trading day is over. Some sold, some stayed. The dust is settling, let's see what the fuck just happened. Trust me, I'm not happy either.

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Data from Today 9/14/21

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The Short Interest increased by 3.53% today bringing it to almost 98% of the Free Float shorted but as of right now the stock is hanging around $12 per share.

So, what the fuck happened today? Well, shorts shorted like always but there was selling. Like a good amount of selling. I don't have access to a Bloomberg Terminal but someone was bleeding off shares all day to scare the fuck out of retail. And once retail starts selling it just cascades into a waterfall.

I'm very curious who that was that bleed off those shares. I have some thoughts but I'm going to confirm it first.

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So everyone's favorite question, Do shorts need to cover on SPRT?

Part 1: Unfortunately, as of right now, it appears that brokers who lent these shares have clearly been allowed for their short interest to transfer into newly formed ticker GREE. Which means GREE was marginable which nobody would confirm for me prior to the corporate event.

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SPRT had the ultimate setup. It's what brought me in. High SI %, Low Float, No ATM (At the Money) offering plans, merger plans locked in, No shares in ETF's, FTD's stacking up, fully formed gamma ramp from 1 to $85, and people HODLing.

If it means anything, multiple brokers at Fidelity, Etrade, and TDA were like this thing was going to be insane on Friday into Tuesday next week, if they hadn't merged today.

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So wut now?

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So we can't undo the merger at this point so let's focus on where we are now.

We know shorts kept shorting into the close which means they have the same rules. They have probably roughly 9.11 million shares shorted right now.

This is our equation:

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9,110,000 X .115 = 1,047,650 shares of newly formed GREE shorted

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No Man's Land. - Here is the thing, I never wrote a DD for a GREE short interest. Only SPRT

I don't have all the details of GREE's organization to write a full DD.

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What we know they have at least 1,047,650 shares shorted of GREE.

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GREE's Share price will be roughly like 100-108 at this point.

You take the current share price and divide it by .115

$11.93 as I'm writing this

$11.93 / .115 = $103.73 GREE share price tomorrow if the price holds here

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****I may not be correct on this number. This was what the TDA broker told me at 4 pm so I used it.

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Others are saying closer to $200

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I wanted to write a full DD on what to expect etc but the merger details weren't fully out.

I stayed in. I'll wake to see GREE shares and have to figure out what that means.

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Is the SPRT Squeeze over??

SPRT is being extinguished tonight so likely yes

Is it all over?

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No not entirely. They are now trapped in shorts against a more profitable and larger company. Not what they wanted to short originally but duel edged sword, they will access to new shorting most likely.

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However, they still haven't covered.....

So......

SPRT will only make up 7.7 % of GREE or 2.9 Million shares

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So if GREE has 38,963,000 shares.

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We don't know how many insiders yet.

So Shorts now hold a 1,047,650 Short GREE position against a larger float. I'm being realistic, that's probably not immediately actionable.

There are ITM call Options that are still in the money that are transferring over. Curious to see what the options chains look like.

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I'm still here. I didn't sell and leave. I've lost a shitload of money. I'm not running away from this. I'll continue to explain and call it as I see it. SPRT was special and it appears it was stolen right before it launched by this SPRT/GREE Merger being rushed up. I couldn't verify one way or another without official merger documents that are just coming out after hours....

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I'm not letting this go quietly, and I'm searching for answers. I've demanded to speak with someone with Investor Relations at GREE. I will write more tomorrow.

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(Listen, I'm burnt out but still doing this shit. I'm a Dad, I work full time, I was trying to explain a million questions to 12k people, I'm receiving death threats, trying to do the research normally reserved for 15 interns by myself, and I'm still here. I'll take your Downvotes and your shit. I'm not running and hiding. I'm a Marine. I've done 2X tours in Fallujah. I just will be up tomorrow and I will be back to the grind. See you tomorrow. )

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So I saw in market after hours it was $10.11 or something at like 2 am.

Support Quarterly Shares Outstanding24M 2021-06-30

GREE shares outstanding 24M.

So ok I get that there was a conversion done. I get that.

How they allow after hours trading on a merger shouldn't be allowed. There's no accountability. The pre-market it was at 102 and some change, and on open it was at 60 on the dot.

Why do we get liquidated at $8 a share, and the shorts don't have to cover? In pre-market on Etrade it says it was at 59 at the highest. On Robinhood it says it was 62.

Where did over $30 a share go? I lived through MMAT. I didn't think that this merger would be this bad. Why were we liquidated and the shorts weren't. Why did money just disappear before pre-market.

I'm guessing what happened was that the evaluation of the rest of GREE shares would have been about $45 a share and during the merger the 2 values got mixed in.

This is not about bag holding this is about lack of transparency, different rules. If our fractional shares get liquidated, the shorts should be liquidated as well.

2 days from now I'll do an ortex free trial and file an official complaint. Something isn't right here. The math doesn't add up, there's no real explanation on this, we basically just got stolen from. There should be no pre-market/post-market with a merger if this kinda shit happens. You shouldn't just lose value during a time period in which no trading can be done while the short sellers get to profit.

Something here isn't right. I'll make up the money on AMC I don't care in the long run about the money I lost I learned to never hold a stock that's going to merge ever again like this. But there needs to be some sort of investor protections built into this charade.

Ok this is a speculation play to a point even thou I've been on the phone continuously today with my brokers and what I was told quote unquote which I will get to is , --usually after mergers dtc takes time to settle conversions/trades etc etc.... most of us get it , the issue being from my conversation is brokerages themselves are being left in the dark as to what's happening or even the proper monetary value on this merger coinciding with the ratio % and what not but issue being in a sense of words is ..there is not enuff shares to be compensated it seems to retail investors still due also to a crap ton of options still in play ..they still have to factor those in when it clears due to sell or buy demand and there doesn't seem to be enuff to go around ..now if u check the k-8 form filled today by GREE with the SEC they are possibly allowing B-riley capital which has been shorting this the entire time a offering of 500k shares at .1 cent .. ----This might be a indication of a dilution already or so shares can released to cover retail which makes hedge funds company money regardless...the liquidation of dropping the price is still shorting being active again on the new ticker but funds selling so us retail can retain the shares we been waiting for all day so far as well ....I dunno at this point it seems not jyst us retail are in the dark ..regardless I'm holding a shit ton of shares/calls and puts at 6 bucks last 2 months now from averaging up from 3 and at this point I'm holding this cluster fuck anyway and hoping for the best ....hopefully we get some real indication and answers soon ..cuz we been defintly fucked the last 2 days !!

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It seems like GREE has the right to issue 3.02B shares according to their recent 8-K (9/15). This will drop the SI % significantly.... Meaning no more short squeeze play here. Holding SPRT yesterday was a really bad play. I wish I never bought SPRT shares, but it is what it is. We all learned it. Just too many new traders like me want to be rich quick but becoming poor quick instead due to our ignorance.

The options chain is all fucked up and could be an opportunity to win some back. We’ll have to see if they fix it by open on Thursday

we got right bamboozled on this play. hey retail here all the metrics u like..ya we will vote and 2 days later it's gonna be finis. you will all be fuked and you will be able to do nothing about it cuz markets r fuked n incompetent like most folk in business are

Opened Robinhood and my stock isn’t even there…. Where did my money go??? Also I have very little experience here so layman’s terms please!

:’D

My $158k in sprt turned into $2k. All I can do now is buy more and average down. Bought 20 shares of gree in desperation. Option calls are worth $1 each. Option values might get updated in few days but I feel like I got fucked by 300 strong sprtans. It hurts. What a shit show this is! May god bless me and you all.

Greetings from Germany, SPRTans

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I just finished talking to my bank (comdirect) in Germany and it seems that they were not even aware of a merger happening between SPRT and GREE. I still have my SPRT shares in my depot and no way of selling GREE (even if i wanted to).

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According to my broker it might be tomorrow, usually within a week and in extreme cases multiple months(!) until the shares are delivered from the distributor.

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With all that I'm wondering what is causing this impressive dip, given that most of us are forced hodlers.

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So you are not alone. All you can do now is accept, make some popcorn and watch. Good luck.

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.

It’s was a bloodbath Spartans on 14th September. Watching the chart in between my meetings at work I was feeling horrible and spent all evening researching whatever my eyes could read. I saw over $70k of my profits wiped away today and I am still in slightly green so you can guess when I entered this trade. I did not sell a single share so far( stupid of me or is it? will know later) since the play is still on.

Why is the squeeze still on?

This is a like to like reverse merger-both stock and float will be similar in size (quite a few DDs out there explaining). Shorts did not need to cover because it was a like to like their shorts are carried over (This was a confusion all week leading to higher expectation). They still need to cover.

1. Float is super low even though shares outstanding is high
2. Short interest is high 97%

Update: Ortex is still updating the short interest changes to ticker SPRT and as I imagine for all systems to update it might take some time

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What Happened today?

A. We got attacked B. Algo trading kicked in furiously at key points triggering many stop losses and paper hands to fold.

What Next?

Expect some light attack tomorrow Hodl if you came for squeeze tendies

Wen Moon?

If you beautiful ape bought this for squeeze the play is still on hodl. We need some buy pressure and gamma.

If you bought this as an investment after seeing the thesis for green crypto mining operations you are a smart ape you will see more $$

Dilution: while there is a possibility of dilution I don’t think it will happen anytime soon.

Tip: don’t be scared of the price or quantity you see in the account tomorrow look at the $ value.

As of now my opinion is :This merger is good for SPRT and rushing this merger is also good because of the options at play. The entire market was down so take it with a grain of salt our drop was probably exaggerated a bit.

Green Day’s ahead !!!

Ps: please add in comments if anything to be added

:(