You should know the bottom line of the company

123meigu
2021-09-23

$Greenidge Generation Holdings Inc.(GREE)$ I think a lot of people are getting confused over dilution vs their recent filing of share sales. If the company needs money, it will dilute all shareholders including Atlas but it needs a use of proceeds. The filing that Atlas did was just to sell shares just in case this thing started to take off and that's no different than what any large shareholder would do especially since seeing this stock goto $50 before the conversion which would be like $450 after conversion.The main shareholder knows that a pump and dump won't get him out of his position so they are waiting for good news and solidifying value before they start to pump it. The bottom line is that this company has real power generation assets and are mining bitcoin. If they're smart, they won't HODL bitcoin, they'll just make lots of money mining and selling it and if bitcoin goes up then their marketcap will go up, no need to HODL to make lots of money .

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