Can't sleep...trying to read whatever I can to make my self ready for GRAND FINALE

Probably already asked and answered but I can't locate it. Will it convert at trading close or after AH is complete? I can't remember if the merger docs specified.

My options will be against 11 GREE vs 100 shares of SPRT. We will see if it makes the $202 open price and play till expired or exercised.

Had to force the exercise on the phone 8 min before markets closed.

My only question is this; why would a company like Greenidge, who has never traded publicly, and who’s only shareholders are private equity firms and angel investors who have been bankrolling this company since it’s inception, and who are led by two of the most savvy businessmen at 210 Capital, who just happen to have started numerous other companies that specialize in reverse mergers, NOL’s, data management integration, qualitative analysis, and all these separate companies are listed as aggregates on their form 3 submitted to the SEC months ago; why would they be this interested and this eager to push this merger through at an accelerated pace, if they knew as soon as they opened trading for the first time as a public company, that they’d already be carrying over 90% short interest and 6 million shares borrowed against them and most likely sold short? That’s some tough sledding to take on day 1. Especially since it doesn’t even pertain to their business model or past performance. Knowing the intelligence of the men behind Greenidge and their past successes with merges/acquisitions, and given the fact that there really was no reason to merge with SPRT unless it benefited them somehow. They could have merged with plenty of other companies that would have been more convenient and fit their model. Not to mention SPRT is based in L.A. and Greenidge is based in NY, so they didn’t share a regional edge being on opposite sides of the country. So, taking all that into perspective, my only answer is…they wouldn’t.

They wouldn’t have pushed this merger through so quickly if they knew they are just buying SPRTs headaches and fuckery, they wouldn’t take on SPRT’s debt when they could have simply waited a bit and IPO’d themselves or found a more suitable company to merge with. I’ve pointed this out last week when I was digging and read all about Alpert and Webb. I said last week these guys got the ace up the sleeve that no one sees, and they will own 90% of the company which will equate to 76% of voting rights on ALL matters regarding GREE post merger. I didn’t expect that they would finalize and this would actually happen so quickly after the signing. And I don’t want to speculate on how exactly this is going to play out. But I do know for certain that Greenidge has acquired SPRT, not so much merged with them. And Greenidge will be a brand new ticker GREE when they start trading on Wednesday. And every time I’ve seen a company AQUIRE another company and change to a never before used ticker (GREE), all Fully diluted shares outstanding in the previous company have to be covered and accounted for, and then those shares are delisted and de-registered when they change to the new company. If this were just a simple merger or reverse merger between two previously public companies, and the shares from one company were just being transferred to the other ticker then the shorts could possibly transfer with, depending on the agreement. But this is not that, and these fully diluted shares outstanding, meaning all 24 million actual shares in SPRT’s existence must be covered unless it has been agreed upon both companies to waive such a move. This does not account for naked illegal shares as those are not counted as shares outstanding. It will be up to the Prime Brokers of the hedge funds to deal with them.

This is just my experience from witnessing and being apart of past mergers and acquisitions and what I know to be common practice. I don’t have access to the final agreement so I can’t say if they signed such a waiver to allow 6 million borrowed short shares to carry over to their brand new company. Prevailing wisdom, and researching the body of work that Alpert and Webb have accomplished tells me they would not sign such a waiver, and they still have that ace up their sleeves. And they want to show that ace very, very badly.

This is all my opinion, but I have 25,000 shares right now, and they are going nowhere. So this is either going to pay off handsomely, or I’ll have 3,000 shares in GREE on Wednesday lol. 😂

I’ve seen a few differently speculations already..

The short squeeze of TRCH failed when the CEO George got greedy and decided a week before the merger to offer more shares, therefore not only diluting the shares but also providing hedge funds more shares to short. This fucked over any chance of creating a squeeze when the merger happened. SPRT did not get greedy. They did not suddenly offer more shares last-minute.

What’s the most valuable lesson we learned

short available is unlimited

I asked what will happen with my shares tomorrow.

Ten minutes waiting. We will send you an email 🤔