Contextlogic Inc (WISH)

[ron51]

when the blood runs on the street .... it's time to buy

[Porterhouse10]

LMAO, Next up delist, Bankruptcy

[subslover]

Wish to Continue Withhold to Cover Process to Reduce Share Dilution From Restricted Share Units (RSUs) and Employee Option Awards
September 20 2022 - 09:00AM
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?ContextLogic Inc. (d/b/a Wish or the “Company”) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, announced today that the company will continue its Withhold to Cover process on the settlement of restricted share units (RSUs) and option exercises. This treatment reduces the otherwise additional dilutive effect of RSU settlements and options exercises through the Company’s use of cash to cover employees withholding tax requirements. The Company made this switch in the second quarter of 2022 to stem the overall dilution otherwise caused by the previous treatment which sold a portion of shares in the open market to cover employees’ taxes.

Between December 2020, when Wish went public, and up to first quarter 2022, the company used Sell to Cover, which allowed Wish, as the employer, to sell a portion of employees’ vested RSUs into the public markets to cover the federal (and other applicable) tax liabilities of employees, and distribute the remaining vested shares to its employees. With the new process, Withhold to Cover, the estimated impact on reducing potential dilution for Fiscal Year 2022 should be approximately 25 million to 26 million shares.

About Wish

Wish brings an affordable and entertaining shopping experience to millions of consumers around the world. Since our founding in San Francisco in 2010, we have become one of the largest global ecommerce platforms, connecting millions of value-conscious consumers to hundreds of thousands of merchants globally. Wish combines technology and data science capabilities and an innovative discovery-based mobile shopping experience to create a highly visual, entertaining, and personalized shopping experience for its users. For more information about the company or to download the Wish mobile app, visit www.wish.com or follow @Wish on Facebook, Instagram and TikTok or @WishShopping on Twitter and YouTube.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding Wish's withhold to cover process and its impact on share dilution, outlook, priorities, strategic direction, business operations, and growth initiatives. In some cases, forward-looking statements can be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “foresees,” “forecasts,” “guidance,” “intends” “goals,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “targets,” “will,” “would” or similar expressions and the negatives of those terms. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-l

[TRADER99]

They put out news that there was dilution but the tap is turning off.
Source: Business Wire

?ContextLogic Inc. (d/b/a Wish or the “Company”) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, announced today that the company will continue its Withhold to Cover process on the settlement of restricted share units (RSUs) and option exercises. This treatment reduces the otherwise additional dilutive effect of RSU settlements and options exercises through the Company’s use of cash to cover employees withholding tax requirements. The Company made this switch in the second quarter of 2022 to stem the overall dilution otherwise caused by the previous treatment which sold a portion of shares in the open market to cover employees’ taxes.

Between December 2020, when Wish went public, and up to first quarter 2022, the company used Sell to Cover, which allowed Wish, as the employer, to sell a portion of employees’ vested RSUs into the public markets to cover the federal (and other applicable) tax liabilities of employees, and distribute the remaining vested shares to its employees. With the new process, Withhold to Cover, the estimated impact on reducing potential dilution for Fiscal Year 2022 should be approximately 25 million to 26 million shares.

[devil dog 96]

The guy that does all the dumping for them must be out sick today. Their giving share holders hope. I know better though.

[devil dog 96]

No need for a stop loss when I was averaging down the whole time...lol I did not know I was being scammed. I thought they were legit.

[TRADER99]

Good. I've scalped this many times the first half of the year but peeps should use a stop loss in this market going forward.

[Porterhouse10]

This won't see $1 again, unless Massive RS then that's the Death Nail jmo

[devil dog 96]

I jumped @ $1.01 Friday and pulled my own chute. feels good watching her fall from a safe place now. I was not going sub dollar with her. I did not invest in a penny stock when I started buying in the $11 range. smh

I should have bailed a while back but I believed in the company and even ordered shit from them many times.

[TRADER99]

This stock needs a parachute...

[devil dog 96]

If she rips to it grab your money back. I don't trust these guys. Something just isn't right with her. She trades like a scam penny stock.

I had high hopes for her when I first entered in the $11 range. I was even ordering shit from their site to support them. They got me in the end. Glad I did not put a whole lot in her..

[ron51]

my last purchase @ 1.03 ... average 1.79 ... I think I can get my money back ....

[devil dog 96]

Just bailed. Was not going into the subs with her. These Chinese companies SUCK!!!

First buy was $11.15
Last sell was $1.01

<<<<SCAM ALERT>>>>
<<<<SCAM ALERT>>>>
<<<<SCAM ALERT>>>>

[Porterhouse10]

Lol, sub $Buck coming, then delist! Jmo pretty soon, if they dont do a GIANT RS and wipe out Shareholders, you can pay a commission to trade this Garbage, will never see $2 again

[Porterhouse10]

They need to bring back the Dildos, Butt Plugs and Strap ons, just sayin', but this will get delisted Soon, or a major RS and sink shareholders to zero

[devil dog 96]

I'm hoping but my feeling is we are going sub dollar here soon.

"I've got this sneaky feeling some big news is coming within the next couple months...

Anyone else feeling the same?"

I $WISH I passed this one up when I stated loading her in the $11 range. Was real happy when I got to avg down in the $4 range....lol

What the heck is going on with this one. It's acting like an OTC ticker. Real frustrating play for sure. Does this company even care about their share holders?


$WISH

[Porterhouse10]

No, lol

[Honestup]

Fed. Says you people are willing to pay way too much for goods... we'll fix that... now you can't afford to pay for much... Holidays are around the corner... holidays say you can't show up without a gift and everything else to go with it... WISH Says we have your back... Baba, Amazon, might want to shut wish up and just buy them... just thinking out loud. If they bring this below a $1 before earnings in November I'll buy that bet heavily for holiday earnings...

Imo

[Honestup]

Gap fill $1.44

Imo

[ron51]

sure .... 0,8 or bagger x time

[Honestup]

I've got this sneaky feeling some big news is coming within the next couple months...

Anyone else feeling the same?

[Honestup]

$Wish ranked #5!? as of September 5th.
Honestly wasn't expecting that..

https://www.similarweb.com/apps/top/google/app-index/us/shopping/top-free/

[Porterhouse10]

Already down, pretty soon u can pay a commission to trade this POS LOL

[ron51]

no ... I have increased ...

[Porterhouse10]

No will be delisted

[Honestup]

Anyone loading this down here?

[Honestup]

Double bottom or all time low this week???

[Honestup]

What bottom ??? Lol

[Porterhouse10]

A delist by years end

[ron51]

where is the bottom?????

[Honestup]

Do we retest $1.20 soon? Or do we get a little pop before the test of double bottom?

[chaostrader]

WISH last hope

[ron51]

today Q2 esults??

[TRADER99]

Too much weakness here today

[TRADER99]

Don't expect too much on this quarterly report. I think they're still two quarters away from improvement so scalp away...

ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced it will report its second quarter 2022 financial results after the market close on Tuesday, August 9, 2022. Wish management will host a live conference call and webcast for shareholders, analysts and portfolio managers to discuss the company’s second quarter results that afternoon at 5:00 PM ET / 2:00 PM PT.

[TRADER99]

I think most people here are scalping this for months

[ron51]

have you all sold? .... unfortunately not me

[ron51]

it seems they don't want it to go above 2 ...

[cabir]

?

[ron51]

waiting for Otc

[ron51]

we are back above 2 .... good sign

[cabir]

WISH, do you still have the same opinion?

[ron51ron51]

Some news??

[Honestup]

That's what I took out of it too... push into the holiday season...

Make it or break it?

[TRADER99]

They're working on content and pricing so it has to be. They need to improve for the December shopping season which I'm sure they will.

[Luckysevens]

Yeah, they said commercials will start June - doesn’t that mean rebrand and platform update will come before that?

[TRADER99]

I know a rebranding is coming this summer

[Luckysevens]

Do you know when they start the ad campaign?

[chaostrader]

Bot $10K shares for a bounce back jmo

[Porterhouse10]

There is none you see the Financials? Complete disaster -76% yoy, will be delisted by years end IMO