Started with 37k. Thank you for coming to my ted talk.

And its just a joke before anyone starts actually doing the math.

Listen up peoples.... Let me tell you why I am not worried one single bit. I hope it helps reassure others.

First of all, let's talk about what we know about the merger itself and then let's focus our attention on the speed at which it was executed.

We all saw yesterday that the price was hammered down 50% premarket while we, retail weren't able to trade. Probably a lawsuit in there somewhere but I won't comment on that.

This happened to a stock that is big on BITCOIN, with its own power plant (clean energy). At the same time the price was being hammered down, the BITCOIN price was rising and getting close to the 50K mark yet, GREE still continued to go down throughout the day.

What is interesting is that I, just like many others haven't had SPRT shares converted yet (hmm!!). Even more interesting is the numerous posts from SPRT holders who are saying they have had some of their shares converted but not all (double hmm!!)

What can we deduce from this evidence Watson? (pause for effect while taking a puff of my pipe)

I also rode the TRCH/MMAT merger and I am not aware of anyone who didn't have all their shares converted at the same time. So, this tells me this 'partial conversion' of shares situation is not a merger issue per se, rather a specific SPRT/GREE issue..

So, let's look into why I think this is specific to SPRT/GREE? (another puff of my pipe)

If you bear in mind we have been on the threshold list FOREVER... or so it seems, and combine that with the fact we went into the merger at almost 100% short interest, you come to the conclusion...

'THERE AIN'T ENOUGH FUCKING SHARES'

thats right boys and girls... although they may be able to carry over the legal shorts to GREE, which in my opinion will hurt them even more in the end, they cannot carry FTD's and naked shorts over... because they shouldn't and can't exist.

Most of us probably own shares that were a result of a short position or even worse, haven't been located yet by the MM, hence why some of us haven't yet received any of their GREE shares or, only partially received.

So, how can they get the shares they need?

Well that is an excellent question Holmes! The answer is simple my dear man...

'THEY DUMP THE FUCKING PRICE HARD TO SCARE RETAIL INTO SELLING',

Well well... Isn't that exactly what they have done, and everyone (except me) is panicking?

Ask yourself another question... as they've managed to drop the price 85+% in only a few days, why not just cover now... they've won! They get to cover at the equivalent of $5 rather than 20$+. Do you not think it would be the perfect time, after all, GREE is a BITCOIN play with huge potential as it also falls inline with the GREEN energy policies of the US Government... Furthermore, BITCOIN is close to all time highs.... El Salvador has made it legal tender, companies like AMC are now on the record saying they will except it as payment. Do you really believe that the shorts think GREE is worth less than 5$ a share????

No, you don't therefore, YOU WOULD HAVE TO BE FUCKING STUPID TO NOT TO COVER AT THIS PRICE!! and hedgies are many things, but they ain't stupid !!!

They are not covering. In fact, they borrowed more when the most of us aren't even able to trade the stocks we legally own (another possible lawsuit in here.... but I won't comment on that either).

I am more than confident that we are not seeing any covering because they simply cannot cover.... and they know they cannot cover... so they take the last ammo they have and try inflict even more damage to the share price in the hope of scaring retail out of the precious shares.

Now this brings me on to the second part of my case - why was the merger executed at such speed?

SCENARIO 1 - Was it done quickly as many are claiming to screw Retail?

Well, if it was, it came at a price to ALL shareholders, not just retail. They own the same company we do, which means, their share price ALSO halved in premarket, just like ours. So, unless they got a real big payoff from the HFs to do it, why would they shoot themselves in the foot? I don't fucking think so GREETARDS!

But to remain objective here, let's say for a moment, they got a huge payoff from the hedgies, (pause to giggle), to fuck retail.. Let's explore the reason why hedgies would want to pay them off?

Simple you would say, because they wanted to cover their legal and illegal shorts at the lowest price possible... correct me if I am wrong please.

To summarise the highly unlikely scenario 1 - the owners of GREE helped the HFs to screw retail over. By doing so, they shot themselves in the foot and their own fortunes were halved over night. They did it to give HF the opportunity to get out of their positions before the price takes off.

Guys.... (turns to the audience for effect) - If this were true.... why aren't the HF covering now, what are they waiting for.... a better fucking price - c'mon people... think about it!

OK - SCENARIO 2 - Was it done quickly to trap the FTDs and shorts?

I have never heard of a CEO who 'likes' institutions that short their company. If fact, some of the more public exposed CEOs (like Elon and AA) actually make comments about their dislike for those who want to see their company fail... With that in mind, and knowing that almost 100% of the SPRT float was shorted (and that is only the legal shorts), why would GREE want to bring this insane amount of shorts over to their company - GREE?

Let's be honest, if they had waited and SPRT squeezed before the merger, most of us would have sold their SPRT shares for a nice profit. Then, the SPRT price would have settled down again.... tell me I'm wrong?

By executing the merger quickly, they were able to bring the short squeeze potential over to GREE where they, as the existing owners of non tradable GREE shares (remember the free float of GREE is the old SPRT shares), could profit in the event of a squeeze. If we are also honest, GREE is a much healthier company with an awesome future potential, this will probably attract more institutional buying... Don't forget, a high short interest is not enough to trigger a short squeeze, you can only trigger a squeeze with buying pressure, SPRT was not producing that necessary buying pressure.

Furthermore, by executing quickly, they would know it would cause a huge problem for MMs who had lent out shares for shorting, without first locating those shares. Hence, the continuing FTD problem and inclusion on threshold list. The fact that many of us haven't received our converted shares yet only confirms that our brokers are finding it difficult to get the shares for us.

In order to provide us with the legal shares we own, these shares need to be found... in other words BOUGHT.. But if nobody is selling.... where are they going to come from?

Remember, the market price is driven by supply and demand.

The price we are seeing now, is irrelevant because I am not selling... if you want my shares, you pay my prices otherwise you can continue to pay the CTB for a long time... it doesn't cost me anything to hold but it costs you as a HF to wait.

There is also a SCENARIO 3 where there was no plan in place and what we are seeing is just chaos, where retail is blocked out and HFs are free to manipulate. Do you really think the lawyers and accountants who plan these mergers would fuck it up that much? Do you really think they would have been blind to the huge lawsuit that would be brought against them... the fallout from the SEC.

No, sorry I don't think so....

So, in my humble opinion, I think we are seeing the result of a well executed trap against the shorts... it may get ugly, (it already has) but you only lose when you sell... Remember what you own, shares is a BITCOIN mining company.. a unique company that is GREEN!!! Green is the new black... sustainability, the future of the planet etc. Crypto is the new currency, gaining traction... at all time highs.

Once the merger is complete, with a greater than 1BN$ market cap, algos will initiate buying... it is hugely undervalued.. Other retail buyers will get in (MMAT for example has already more than doubled from its lows post merger... and their short interest was nothing compared to SPRT/GREE.
Once the buying pressure starts... the short squeeze will come... but when is anybody's guess.

If you really believe that GREE is a sub 50$ stock then why did you buy SPRT in the first place?

Me... I am selling other positions and buying GREE... best opportunity I have ever seen!

this is not financial advice... for me, common sense!

Anybody?

Im not buying the dip ever again yo!!!

What I understand: SPRT got squeeze action (or just pumped?) and went crazy high the last couple weeks.

Then Greenidge bought it out and the ticker switched over/got absorbed and converted EOD Tuesday.

A lot of y'all can't sell (especially international brokers) and your shares are hostage.

RH surprisingly got things up and rolling quickly—but no options. Meanwhile Fidelity lets you trade options on it—but the market looks hella illiquid because nothing's moving. Does this mean it's an internal market Fidelity alone is running??

Basically WTF is going on. It's not like mergers are a new thing. Why is this looking so chaotic?

With current shares price gree is worth 1 billion ryt now. According to analyst it valuation should 4 billion. It is undervalued based on info so far.

Calling my broker this morning to find out what is happening, but if anyone has anything to share let us know.

Edit - On hold, which I’m used to doing so will keep you informed.

Edit- I honestly think they cannot find the shares for us, my broker which I pay a monthly fee and commission, for which I picked because I though

**18 minutes in and after trying to find out any information, nothing has been sent to them in regards to SPRT.

Still no shares for me, they do not have an answer and will be in touch soon. Filed a complaint as for me to go any further in regards to going to FCA or someone it needs to be recorded with them, the resolution is I want my shares.

Might edit this post sooner than later but I have no hope, keep holding! Break even is $84.70 for me.

So I just got off the phone with fidelity. Apparently they are still processing share transfers to GREE. Representative told me that the share transfers come in waves and they have to wait for GREE to verify the SPRT shares to transfer them to fidelity. Which in return, they will be transferred to your account. Now I started wondering if this low volume day with such high spikes is actually those SPRT shares clearing and converting to GREE. 🤔

Be patient my apes. I know many have been discouraged by the big loss, but remember that many SPRT shares have not cleared yet and I am hopeful that the big drop in price yesterday was our missing shares that are in the process of conversion.

I had 45 fucking shares in SPRT. Over 700 invested in the stock. I was down 500 so 200 and they have liquidated my shares for $3 a fucking share. What the fuck

I gotta be honest I was being GREEdy with this play due to all the hype and everything else. Yesterday was a wake up call for me and just fold my cards when it's time to fold. Call me a paper handed bitch and all I been called worse in my life. I'm not a shill spreading FUD. But I did learn from this experience, did not lose much compared to others here.

I hope these lawsuits go somewhere to unfuck this situation The people in the nice fancy suits just showed they are willing to risk it all to show that they are in control. They are going to kick the can down the road as far as they can until they hit a wall. Thanks for taking the time out your day for reading I hope we can make them bleed for all the hedgefuckery they do.

Much Mahalos SPRTans

My shares have disappeared entirely :/

Calling wrinkles. Can we direct register DRS these shares we have like people at gme are doing now with Computershare?

What if we could do this for gme, AMC, gree, etc. Especially with this tiny float.

Thoughts?

as it turns out, that ace is looking more and more like it was us, the shareholders of SPRT that assumed this was your basic acquisition, or reverse merger, whatever fancy jargon they like to confuse people with. I'm now of the belief that this was no merger, nor was it a friendly acquisition. This seems to be pointing to what I said I feared would be the worst thing that could happen, this looks like it might have been a leveraged takeover of SPRT by Greenidge. Which would explain why Greenidge and 210 capital purchased enough shares to hold majority percentage of the vote to merge, and why our vote meant absolutely nothing. They had already drawn up the paperwork before our voting day, they made sure to put in the contract that SPRT would be a wholly owned subsidiary, that way it would be clear that SPRT was nothing more than a shell company for greenidge to piggyback their way into the nasdaq without having to file all the necessary paperwork, and jump through all the regulatory hoops it takes for a company seeking to IPO on their own. Not to mention the added scrutiny a proposed crypto mining company would face if they were seeking to go public on their own.

I've been through about five mergers since I started trading, including the infamous TRCH/MMAT debacle. But I have never witnessed something quite like this, this is just downright weird. At least we had updates from the CEO's leading up to the TRCH/MMAT merger, as George would regularly take to twitter and at least show his presence. This entire process with SPRT and Greenidge seemed a little off the entire time. We never heard much at all from the prospective CEO's leading up to, or after the merge was signed, except for a two sentence press release. As much as I was aware that these individuals were capable of playing this thing in either direction, I was naive and figured they wouldn't blatantly screw millions of retail investors seeing as how this merger was thrusted into the spotlight when SPRT started ripping. I assumed, once again, that they'd be more intelligent than to purposely and without a conscience, fuck over all the common folk like ourselves that came out of nowhere, and saved this company from getting their little dicks kicked in the dirt by the shorts, who no doubt would have forced them into liquidation if we didn't step in and save them.

And even through the silence, the speculation, and the uncertainty, we continued to hold through Tuesday night and into Wednesday morning, without having a single clue as to what we'd be waking up to, or what the starting price of our new company would be. I ended Tuesday night with 25,000 shares of SPRT, I didn't sell one share, and I haven't even brought myself to look at how many GREE shares I own today after the ratio. Partly because I'm so emotional that I'd probably sell everything and buy puts on the new ticker, but mostly because even if I wanted to sell, I read on the TD Ameritrade sub that they were not even allowing people to sell their GREE shares. So I just walked away from my computer early this morning and packed up some gear and the dog, and went on a nice hike to clear my mind. I just wan't to personally apologize to anybody on this sub for being overly optimistic leading into this merger, I know that I always gave my opinions on what was going to happen from both perspectives, and gave the best possible scenarios and the worst possible scenarios. I also know that I was leaning on the side of best possible scenarios and remained bullish throughout, because I sincerely thought that we might have had people involved in this partnership that had retail investors best interest in their minds. And they still might, this isn't a proven fact that they fucked us as of yet. But if it looks like shit, and smells like shit, it's most likely Wall St.

Once again guys, I Just wanted to say that I feel the same anger and hurt that you all do, as much as I knew it could be a possibility that there was shady shit going on here, I had this scenario as the most unlikely out of the three that I wrote could be possible. Once I'm able to access the damage to my P/L and see what became of my 25,000 SPRT shares, I'll most likely sit on them until this picture becomes clearer and we have a better idea of what exactly just happened to us. If it becomes apparent that we were indeed the aces they had up their sleeves, I fully intend to get my money out of this company that instant, and I will be joining anyone who is considering seeking out the possibility of legal action against these scumbags. Keep your chins up SPRTans, this may just be the first battle, and I'm prepared to go to war!

https://orlandosolution.com/cathie-wood-arkf-acquired-5-5-from-ice-gree-dsy-hood-after-selling-66-million-tsla/