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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
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.
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?
So far today the shorts have only returned 15k of the 23 Million Shares Borrowed at 400% interest up 70 Cents or 6%. If they return 100k per day it will take them 230 Days and there are only 200 trading days in a year.
X Carrying costs are a double edge sword on a squeeze.
Fun to watch.
Think about that Up 6% only returning 15k shares with 23 Million to go! They can hold it down until they can't, every share they borrow to short cost them 400% interest.
BEYOND MEAT = CHEWING ON TUMORS!!!!!!
YES, THAT'S RIGHT!!!!!!!!!
STEP RIGHT UP AND HAVE A CANCER BURGER!!!!!!!
WHAT A SICK JOKE..... WHO ON EARTH EATS THIS PUKE???????
WALL STREET IS BEYOND DEMENTED TO PUMP UP THIS VOMIT STOCK!!!!!!!!!!!
ARTIFICIAL MEAT CAUSES CANCER!!!!!!!!!!
BYND look out above short squeeze
BYND 10Q 2/27
FRAUDSTERS!!!!!!!!
BYND new 52 week low
BYND new 52 week low
BYND new 52 week low
BYND new 52 week low
BYND new 52 week low
Beyond Meat® Debuts Beyond Stack Burger™, the Brand’s Newest Product Innovation, at Select Kroger Stores Nationwide
The new craveable, stackable patties that are even closer in taste and texture to beef, tap into the popularity of smash-style burgers and expand Beyond Meat’s retail burger portfolio, which includes the #1 selling Beyond Burger1
This latest product introduction follows the launch of the newest iteration of the #1 selling Beyond Sausage and the expansion of Beyond Steak, the #1 new plant-based meat product in retail
EL SEGUNDO, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today announced the expansion of its burger portfolio with the debut of the company’s newest product innovation, the Beyond Stack Burger™. The delicious new patty is designed to be even closer in taste and texture to beef and is perfect for single, double and triple stacked burgers. The Beyond Stack Burger is debuting as smash-style burgers have grown in popularity, with a 720% increase on menus over the past four years,2 and complements this summer’s launch of the Beyond® Smashable Burger in foodservice, enabling consumers to be able to enjoy irresistible plant-based smash-style burgers both at home and on-the-go.
A Delicious, Stackable, Smash-Style Burger
Savory and delicious, early reviews praise the new Beyond Stack Burger for being “juicy,” having a “delicate crumble that truly resembles beef burgers,” and being “crispy on the outside, resembling the popular beef smash burgers.”3 Endlessly customizable and easy-to-cook, the Beyond Stack Burger goes from frozen to finished in six minutes in a skillet and can be eaten as a single patty or stacked multiple patties high, making it the perfect option to recreate popular, stackable, smash-style burgers at home. Consumers can savor their favorite smash-style burger combinations – from the timeless toppings of lettuce, tomato and cheese to an updated take on BBQ slaw – confident that they are making a better choice for themselves and the planet. As with all Beyond Meat products, the Beyond Stack Burger is a better-for-you option with no added antibiotics or hormones, no GMOs, and 35% less saturated fat than an 80/20 beef burger with 0 mg of cholesterol per serving.
“The new Beyond Stack Burger reflects our commitment to relentlessly innovate until our products are indistinguishable from animal meat in taste, texture and flavor while being more nutritious and sustainable,” said Dr. Dariush Ajami, Chief Innovation Officer at Beyond Meat. “We are thrilled to expand our retail product portfolio with this latest offering which builds upon the recent launches of the newest iteration of Beyond Sausage and our groundbreaking, heart-healthy Beyond Steak.”
Rapid and Relentless Innovation
The Beyond Stack Burger is the latest addition to Beyond Meat’s growing portfolio of category-leading products. This summer, the company launched the newest iteration of Beyond Sausage®, the #1 selling plant-based dinner sausage in retail,4 with a meatier, juicier taste and texture. The new Beyond Sausage is receiving rave reviews for being, “shockingly better than pork links,” and is an excellent source of protein with 40% less saturated fat than a leading brand of pork sausage. Additionally, the company’s Beyond Steak®, the #1 selling new plant-based meat item in retail,5 continues to grow in popularity - recently expanding availability to nearly 14,000 grocery stores nationwide – thanks to its unbeatable combination of delicious taste and strong nutritional profile which earned Beyond Steak the American Heart Association's trusted Heart-Check Mark for being a heart-healthy food.6
Plant-Based Meats Supported by Scientific Research
To help consumers make informed choices, Beyond Meat is dedicated to supporting scientific, evidence-based research on the health impact of shifting from animal-based meat to plant-based meat. In a clinical study that was conducted at Stanford University and published in The American Journal of Clinical Nutrition, researchers evaluated the impact of replacing animal-based meat with Beyond Meat’s plant-based meat over an 8-week period on cholesterol levels (including LDL), heart disease risk factors including TMAO levels, and body weight, and found improvement in key health metrics when participants replaced animal-based meat with Beyond Meat’s plant-based meat. Expanding on this body of research, in 2021, Beyond Meat established the Plant-Based Diet Initiative at the Stanford University School of Medicine and last year, entered into a multi-year agreement with the American Cancer Society to advance research on plant-based meat and cancer prevention. For more information on Beyond Meat’s efforts to positively impact human health, visit the Health page.
The Beyond Stack Burger is soft launching this week at select Kroger, Ralphs, King Soopers, Fry’s and Smith’s stores.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of March 2023, Beyond Meat branded products were available at approximately 191,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
https://www.globenewswire.com/news-release/2023/08/02/2716939/0/en/Beyond-Meat-Debuts-Beyond-Stack-Burger-the-Brand-s-Newest-Product-Innovation-at-Select-Kroger-Stores-Nationwide.html
BYND $$$
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