A question of Rev

A Stock is only worth what someone is willing to pay for it.

Since GREE stock doesn’t on Stock Fundamentals, no one can legitimately value GREE stock. No one…

In short, you are only seeing people buy GREE stock because they still believe GREE is a Short/Gamma squeeze stock. So when any news like a stock Dividend appears, many people believe GREE stock will Squeeze so they buy options and stock. Then after the stock price surges, it will fall.

To answer your question, because GREE stock does not follow traditional Stock fundamentals, it can NOT sustain a stock price of $25. I’m actually surprised it is maintaining around $19. Eventually retail Investors will give up on this stock and the stock price will fall further. This is when GREE will have to step in and spend its own money (or GREE institutional backer’s money) to prop up the stock price.

Remember GREE insiders owns the majority of Class B shares. GREE is not propping up the stock price…Retail currently does. And I don’t understand why Retain continues to waste their own money propping up GREE stock when GREE insiders only care about themselves and using Retail money to fix their problem.

/r/gree Thread