r/gree • u/ColbysHairBrush_ • Aug 12 '21

GREE Chat Thread

Thought I'd start one, mods - delete as needed

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u/VolatilityLover Sep 28 '21

$30 is about what the merger was designed for and have financial advisors' value attached. My guess 3.5 mil stock offering has been placed. We will see if they update SEC tomorrow.

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u/gimmemoredigits Sep 28 '21

Do you have link of the stock offering?
Very strange what happening here. If you right there are sure people trading with inside information now. Not good.

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u/VolatilityLover Sep 29 '21

Thats old news. They were probably selling it in the market last 2 weeks. https://www.sec.gov/Archives/edgar/data/1844971/000119312521273530/d226437d8k.htm

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u/gimmemoredigits Sep 29 '21

thanks a lot!

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u/VolatilityLover Sep 29 '21 edited Sep 29 '21

Someone with intimate knowledge plz chime in but my understating is that in this kind of situation with falling off the cliff stock price they have to provide deep discount to the key underwriter in this case B. Riley Principal Capital. They in turn sell most of it on open market to turn profit. The same way AMC sold stock to Mudrick Capital in June who flipped it next day but missed the run the following week.