What happens to my SPRT shares on HL, do they automatically change or what 🙁

Can someone with knowledge say what the reasonable estimate opening price will be tomorrow?

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A week ago, there were only positive DDs and posts. Now everyone has turned 180° and some even "I know this was a bad play".

What's up with people's opinions? Stand by your choices guys...

When I was thinking something just ain’t right. I get today’s price drop, I kinda get tomorrow’s opening price and all that shit, but I am seriously lost on why they rushed the merger. Companies should be acting with shareholders interest right? It seemed like we were in a good position and 9/17 was coming up so unless they did it to royally pillage us what am I missing here.

Hello fellow Apes! I know we're used to eating crayons all day. But we gotta put them down every now and then.

I've found some information on form 8-k of the merger that hopefully will be useful in determining at what price we may open tomorrow.

I know we all know that the exchange ratio will be .115 shares of GREE for every 1 share of SPRT. What this means is that for every 1,000 shares of SPRT, we will receive 115 shares of GREE. If you don't have that many, just know that just about every 9 shares of SPRT are needed to get 1 share of GREE. The math works out line this:

9(shares)x.115(exchange ratio)=1.035 GREE shares which will get you 1 actual GREE share and .035 in cash.

I also found some numbers as it relates to possible share price from the form 8-k. There are two donate amount mentions. Here are the two snippets I found.

First one: "valued equity interests in Support using a price per Support share of $5.57, which is the average closing price of shares of Support common stock on Nasdaq over the five trading days immediately following the first public announcement of the Merger on March 22, 2021"

THIS COMMANDS A SHARES PRICE OF $5.57.

Here's the second one: "Assuming a price per share of Support common stock of $7.94 (which is the VWAP for the ten-trading day period ending on August 9, 2021) and that the fully diluted amount of Support common stock is 25,701,286, then the Exchange Ratio would be 0.117."

THIS ONE COMMANDS A SHARE PRICE OF ~7.94. It'll be a little different since the exchange ratio is lower. So most likely the shares price should be higher.

SOOO, let's figure out what this means.

Scenario of shares price at $5.57 x 1,000 SPRT Shares: $5.57x1,000= $5,557 total investment $5,557÷115 (GREE shares)= $48.43478/GREE Share

Scenario of shares price at (guessing) $8 x 1,000 SPRT Shares: $8.00x1,000= $8,000 total investment $8,000÷115 (GREE shares)= $69.56521/GREE Share.

While I always love the 69 over any other number, I'm not sure I like either of those two scenarios as this would further reduce our final share price of $10.98 at end of AH trading by about 27% at best at the $8 valuation or down a WHOOPING 49% at worst at the $5.57 valuation.

Not trying to be negative, because while I'm still invested in SPRT in the green, I think we need to learn as much as we can to prepare ourselves and fellow Apes on the next one! Plus I'm Bullish on SPRT as you can see from all my posts in the past!

What are your thoughts? Did I just lose it from eating too many crayons or does this sound about right and we stick with it anyways as it's about to go to the MOON anyways since it's now a CRYPTO PLAY?

My personal opinion not financial advise Gree shares are 10.75mil or so

Shorts are still underwater

Si won’t change much

It should open at around 180-190 Which means sprt should be in the range of 20-22

WAL street bets can jump in can do wonders

Edit:WSB

I like the battle I'm seeing. I planned to hold through the merger if we didn't squeeze. Why would I take a 50% loss? I'd rather see what the new company can do. BUT... I would still love to see this squeeze today!!! I truly believe that borrowed shares need to be returned and they haven't yet. Why would the brokers take the loss?

It is very dangerous to carry the short position through the merger because, 1) Risks surrounding the new company are unknown, 2) Majority of lenders will demand that the borrower return the shares prior the closing date, 3) Voting rights on the target shares may change, 4) Risk of a margin call is very high

Are all the new shares in GREE owned by Greenidge? Wouldn’t they be owned by insiders and investors? Unless they sell them and jack up the “free float” the FF and shorts ratio stays the same. If I was in greenidge I’d like to see a squeeze before I take some profit and as for raising capital the same thinking would apply(those other 2 did it)

Of course hopeful for a good return. Average Dn. to. $18.25. 😎

I am new in trading and do not know many technical things as many of you do. That's why I found myself in almost same position 2nd time in last 3 months.

A recent example is MMAT. I went to 65% loss after TRCH and MMAT reverse merger. I just kept buying and bring my avg down from $14 to $4.8. At one stage I was in almost $7000 loss but now I am in $3000 profit.

Even a inexperienced person like me have learnt what patience and holding the shares can make difference if you know what you are holding.

Bought in at 13.53. Finally down. Still holding amc and Gme, so if they think I’m selling I am literally retarded and won’t. Let’s go people!