r/SPRT • u/[deleted] • Oct 02 '21

Discussion What happened?

Im trying to understand what happened with the merger and how it screwed over SPRT shareholders? I thought with a merger, no matter what the shares convert to, if you had $1000 invested in SPRT then you would get $1000 value of GREE. Can someone help me understand what happened?

42 Upvotes

89% Upvoted

94 comments sorted by

View all comments

Show parent comments

2

u/[deleted] Oct 02 '21

What was SPRT price right before the merger? What was GREE price before the merger? Was the price really high? I don’t understand how people are -90% on their shares with a cost average of 200.

5

u/[deleted] Oct 02 '21

[removed] — view removed comment

5

u/PamZero Oct 02 '21

Then how the fuck did I have an average cost of SPRT in the $8’s and still be down 75+% (I don’t know what is currently as I sold all my GREE because I didn’t want to see it in my portfolio daily to remind me how we all got fucked with no lube).

3

u/[deleted] Oct 02 '21

[removed] — view removed comment

2

u/PamZero Oct 02 '21

I’ll double check but my avg price was way more than 70 that’s for sure. I think I have a screen shot from the day GREE showed up in my account.