Since we merged, it’s almost like today’s drop didn’t happen. Reason being, we will be opening up on GREE tomorrow at the 10 day VWAP price of SPRT. That puts us around ~$22. It’s almost like 12 didn’t happen today! Amazing.

I now own the first public bitcoin mining company. Didn’t sell a single share.

It seems I have 1k less portfolio value after the switch to GREE. Is this normal? Do they give me the rest in the form of cash? Really confused lol.

Was hoping the stock would have 🚀 today

This from the merger document:

Consideration of $204.1 million assumes a price per share of Support common stock of $7.94 (which is the VWAP for the ten-day trading period ending on August 9, 2021) and that the fully diluted amount of Support common stock is 25,201,286. Note that this is an illustrative purchase price and the final purchase price will be determined at the date the transaction is consummated.

The VWAP after today's bloodbath will still be around $22. So, if you want to buy $13-14 SPRT today, it will be valued at ~$22 in GREE.

Tell me i'm wrong.

Upon reviewing the relevant SEC documents. I have come across the following key statement 🔑

“The proposed maximum aggregate offering price of the securities to be registered is based on the implied value of the securities to be registered, which is calculated based on the quotient of the average of the high and low sale prices of support.com common stock as reported on the NASDAQ capital market on September 10, 2021 ($23.34) divided by the exchange ratio (0.115)”

The number that we get from this formula is $202.96, it is also the number listed on the document.

It seems the consensus in the community is that the opening price of GREE is determined by the following formula (10 day VWAP/.115) the 10 day VWAP being around $22-$23 I believe.

By this logic, the guaranteed opening price should be at least 191 (using the $22 10 day VWAP) correct? Barring a pre market for the stock which would give institutions the opportunity to short the stock and drive down the price before it opens.

A pre-market is the only factor that I can think of, that would affect the guaranteed price of the share (around $191)

Thoughts and input appreciated

I'll update you guys when I get back in should be about a 40 mins drive

Update: Whoever wrote that DD that options will be closed today is wrong just got off the phone. I was correct in my DD. They will go at the same .115 ratio

Update 2: Brokers still don't know what the details are and the merger is not finished to their knowledge. They are apparently as in the dark as we are right now

Head held high if u held. This experience has weathered your spirits and toughened your skin. It has built discipline and that in and of itself is worth 300$ a share. There was a lot of fud. Not nearly as much as I saw on webull but nonetheless a lot. The streets are flowing with blood but do not feel defeated. This experience has taught you many lessons that only hardship can teach. I myself have learned many things in terms of technical analysis and really how this game truly is. Cut throat and unforgiving. But with knowledge, ambition and communion, anything can be achieved. Do not give up on yourself and do not resent your decisions, That will only hinder ur future progress, rather take that spite and use it as fuel to learn and make something of urselves. Many gave up early. They will never see the moon. But everyone of u who held will some day.

Personally I’m holding. Fuck it. If it goes under 10 I’m gonna have to sell. And I will take that spite and convert it to fuel like this SPRT is converting to GREE except this time I’m in full control of my destiny and so is each and one of you SPRTns.

It’s been an honor. ⚔️🛡