x993231
10 months ago
Shorts just covered 79k Pre Market The price is up 45 cents.
Only 23,200,000 shares to go that is 2,936 of those 79k covers wait what would happen if we multiplied 2936 x .45 = that is $1321 per share, lets say that I'm off by a factor of 10 that is $132 + 11 bucks or $143.
If I'm off by a factor of 100 $13 per share plus $11 = $24
Interesting, there is no way to tell how high or how long this will play out but at 338% Interest if it lasts 3 months and a small short had $10k invested Broker Loaned them $10k Lets say they shorted this at $7
$20k realized after the shorts sold 2,857 shares at $7
that $20k is costing them $67,600 per year or $185 per day or $5,556 per month, remember that they only invested $10k.
OK so lets say that they are able to cover at $11 2857 x $11 = $31,427 but they only have $20k ($10k original investment plus $10k the broker loaned them) So they loose $21,427 Plus $5,556 per month in interest for that 3 month play ($16,668).
$21,427 + $16668 = $38,095
Not exactly for the faint of heart.
X Hopefully they hedged that bet with options but I only used $11 which is proly where many protected themselves via a call option.
As options strategies go, shorting the stock and buying the call is very straightforward. One starts with shorting a stock in the usual manner. However, the investor also purchases a call option at the same time. The call gives the investor the right to buy the stock at a certain price during a specific time period.
The shorts just sold 20k back so it stands at 59k returned this morning up 25 cents
45 Cents on 79k
25 cents on 59k
Pretty much the same ratio.
X
x993231
10 months ago
Oh I butchered a female, broke its neck, easy enough, I did it like a man until, can you say cutting around a vulva, not balls n a penis, dang those eggs inside were almost fully developed had blood veins all around them. Big as an ostrich egg. And they splash when thrown in the entrails pan.
X don't lie for money.
Emmu is good. Just saying most won't go through the trouble, blood up to your elbows. She was quite tasty, emmu, n egg breakfast.
x993231
10 months ago
Shorts threw back 36k of those shares in but it is still up 13% on the day
Now showing the shorts returned 92k on the day and price is up Bigly.
How long can they continue with the interest payments? Let me demonstrate how this works. Study it, learn it and understand it.
3 Months ago, November 30th Short interest was 28 Million and the Price was $7 (and even lower lower prior to that), and the interest rate was 85%.
Let's say that someone took $50k of their own money and the Broker loaned them $50k with that 100k in hand they borrowed and sold $100k at $7 = 14,285 Shares
Interest at the time on that $100k was 85% = $85k per year or $232 per day 90 days they have a minimum of $20k in interest already paid.
Fast forward to today if they were to return those 14,285 shares that they borrowed and sold at $7.00 at $11.00 it would cost them $157,135 and the interest rate on that money is now 300% or $471,405 per year which is $1,291 Per Day, $9,037 per day $36k per month.
Not only that but if they returned those shares today they would owe the Broker $157,135 minus the $100k they started with. So not only do they loose the entire $50k plus an additional $57k that they started with plus $1,200 per day oh and that $20k they already paid in interest,
Their broker will be calling them and if they do not come up with the margin amount the Broker will buy at market then liquidate anything else in that account because it is the broker that is on the hook.
I'll bet they double down this afternoon to drop the price a little to help with that interest fee, by that I mean short more today (if they can find them.)
X Make sense?
x993231
10 months ago
I bought this stock because I was bitten by a lonestar tick, and if I ate meat, I would die. It is called alpha gal syndrome, which lasted 2 years for me. One night, you wake up with hives, so you need to think fast and eat benadryl or get a hit from an Epi pen, or you may die. They are more and more prevalent from Maine to Texas. There were only 3 cases in the state where I live when I was bitten, now there are hundreds.
Today, folks, there may be a possible short squeeze at BYND today. There are
23 million shares short (37%) cost to borrow is about 300%.
The reason that I post this is so investors can watch a Possible Short Squeeze in action. They push up very fast sometimes for no reason, and if the shares are not available, they need to pay more and more. This triggers margin calls, brokers buy at the ask. Understand that a short squeeze not only affects a short position in BYND but anything of value in their portfolio.
We may get to see one play out here today. No guarantees because the shorts may short into that as fast as they can, but I don't see enough shares available to borrow help them, so they may go naked, Let's see.
X is always better to watch from the beginning.
jgrabar
1 year ago
A recently filed securities fraud class action alleges that Beyond Meat (NASDAQ: BYND), through certain officers and directors, made material misrepresentations and omissions concerning the Company’s ability to produce plant-based meats at scale to the specifications of its key customers, who the Company refers to as “partners.”
It is alleged that Beyond Meat misled investors by boasting about the success of its product tests with its large-scale partnerships, including prominent food retailers like McDonalds, Starbucks, KFC, Pizza Hut, and Taco Bell. Beyond Meat assured investors and partners that it would “ensure manufacturability” through “extensive testing,” and that it was capable of manufacturing the unique plant-based meat products at commercial scale. Further, Beyond Meat blamed any delays in launching these large-scale partnerships on Covid-19.
Certain Beyond Meat executives profited enormously from this scheme by selling hundreds of thousands of shares of their personally held Company stock at artificially inflated prices during the Class Period. For instance, Defendant Nelson sold 440,000 shares of Beyond Meat stock during the Class Period for over $58.3 million in proceeds.
The truth began to emerge on October 22, 2021, when Beyond Meat announced that the Company was reducing its third quarter net revenues outlook by up to $34 million, or 25%. As part of the announcement, Beyond Meat also revealed that the Company’s expenses and inventories were continuing to rise. As a result of these disclosures, the price of Beyond Meat stock declined by $12.82 per share, or nearly 12%, from $108.62 per share to $95.80 per share.
Then, on November 10, 2021, Beyond Meat announced a $1.8 million write-off of unsold inventory. As a result of this disclosure, the price of Beyond Meat stock declined by $12.55 per share, or nearly 13%, from $94.48 per share to $81.93 per share.
However, Beyond Meat continued to assure investors of the success of its partnerships. For example, on November 10, 2021, Defendant Brown claimed that the Company “overcame numerous technical challenges” and blamed its poor financial results on the Covid-19 pandemic.
Then, on November 17, 2021, an article was published in Bloomberg highlighting the delays in production and execution challenges Beyond Meat was facing. Former employees reported that there were “significant internal problems” stemming from “confusion and misalignment . . . [and] belated decision-making” that corresponded with exacerbated production delays. As a result of these disclosures, the price of Beyond Meat stock declined by $3.01 per share, or more than 3.5%, from $83.48 per share to $80.97 per share.
On December 9, 2021, after the market closed, multiple media sources reported that Taco Bell had cancelled a planned product test due to ongoing quality concerns. As a result of these disclosures, the price of Beyond Meat stock declined by $5.58 per share, or nearly 8%, from $70.09 per share to $64.51 per share.
On October 14, 2022, Beyond Meat announced the departure of several top executives, including the Company’s Chief Operating Officer, Chief Growth Officer, and Chief Financial Officer. As a result of these disclosures, the price of Beyond Meat stock declined by $1.43 per share, or over 9.6%, from $14.78 per share to $13.35 per share.
As a result of Defendants’ wrongful acts and omissions, and the resulting decline in the market value of Beyond Meat’s stock, Plaintiff and other Class members have suffered significant losses and damages.
https://grabarlaw.com/the-latest/beyond-meat-shareholder-investigation/