20 thoughts on “What Does An SPRT Merge With Greenidge Mean For Retail?

  1. Here it is friday 9/17 8pm est and GREE closes at 37.15. Another example of wall street Bullshxt All business aspects of this merger aside……long term investment aside. Many investors/traders/retailers lost money.and some, a lot of money. And not because of stupidity or market factors. It’s because of the wall street , “smart money” insider bullshxt criminal behavior that goes on every day in the market. That’s all there is too it.

  2. Since my average is now $0 since the merger, if I buy more shares how will this affect my average? I’m not sure how this works.

  3. I have to agree with those that are saying this is a total rip off. I’m down $2,000 on this merger and not happy about it.

    1. Not happy about the losses either, lost close to $5k. I’m focusing on what is in my control though, and what’s in my control is holding this particular stock long term and watching it.

  4. Perdi el 50% de mi capital invertido !!! Cuanto tengo que esperar para recuperar ??? Estafa total ,, no pude vender sprt en la fusion y decidieron por mi !!! Les haria juicio !
    Slds, Virginia

  5. At $43 dollars, sprt equivalent is $4.60, people did not have access to shares until the mid $40s, it was trading in the premarket while people still didn’t have access to even the ticker, I like you frank but let’s call a spade a spade, this was not good, and giving inaccurate info by saying shareholders may have just multiple their base worth is ridiculous, it decreased it more than 50%

    1. Hi Michael, I’m referring to the base price of the new stock (GREE), not in gains. SPRT is basically a long-term stock for those who believe in its new merger’s blockchain technology.

  6. You see profit where I see right now (it’s all that count) complete RIP-OFF!!!
    Math wise GREE closed @ $43.30 so SPRT shareholders are going to get 8.7:1 = $4.977 for a last closing @ 10.80…. 55% losses in 24 hours!!
    Am l missing something here??

    1. Not good. closed at $10.98 they gave us $0.115 cent for our shares. i see a loss of now $10.83 not good cost me $75k

  7. Thank you for calming my nerves! When I opened my account and saw my sprt was “unavailable “, I began to panic. Upon googling why, I then learned that a Citadel exec was involved, I panicked even more thinking I may have been too trusting with your feeds. Again, I thank you for updating the sprt surprise and allaying my fears.

  8. Shareholders were unable to trade when the conversion happened. I checked my broker account several times overnight and never actually saw the starting share price of GREE. Pre-market I saw it at $62.15 and at open saw $57.00 Imagine people were already down significantly in SPRT before the conversion which is exactly what happened to the people who held on to SPRT yesterday than after the conversion takes place you only have a portion of the share price you should have to work with/trade. With the close of SPRT yesterday at $10.98 consensus was that GREE share price should be around $95.00. There is to much unknown still after almost a full day of GREE trading. I personally emailed investor relations at GREE around 11:00am no word back yet, I was cordial while I expressed my positive sentiment about their company but word out on the street is bad, people are in fear and don’t understand. Everyone understood the share ratio like you said was around 8.7:1

    1. That’s what I was thinking. But I think retail will have a better outcome in this investment by pivoting and taking a long term position instead.

      1. “SPRT last traded closer to $12 per share. GREE is trading in the mid $40s. GREE stock is up much higher which means SPRT shareholders may have just multiplied their base-worth.”

        Wrong. $40 of GREE is the equivalent of $4.6 SPRT stock prior to merger – that’s 60% down right off the bat. Many retail traders lost 50 – 90% before they could sell (all while HFs were trading and price plummeting), and some STILL don’t have GREE shares assigned.

        Basically saying “Hey, I know retail got hosed, but at least I think this is a good company [metrics and facts needed] and I’m investing… So should you!” just absolutely reeks.

        1. Cut your losses brother! I’m not your financial advisor, but I do advise how I’m personally pivoting this play in efforts to help out anyone who’s in the same boat ✅.

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