Beyond, Inc. (BYON)

[drobx]

I am not hopeful that the dividend is going to cause any sort of problem for the shorts. Basically, I don't think that the institutions running the markets would let it happen, and this is probably as it should be. Keep in mind that companies spin off shares in new companies all the time without any sort of massacre of the shorts. This situation presents a new wrinkle, but they'll figure something out. Keep in mind that the basic distribution to the longs also presents a hassle to the markets, but they'll work that out too. I think the point of the dividend is not so much to screw the shorts as to force/encourage the longs to set up accounts on Dinosaur. Even this could backfire as some people or institutions might decide to get out to avoid the hassle. The other thing is that they said if you don't have a Dinosaur account when the distribution occurs then the shares will be held for you in some sort of custodial account. I can see some people just ignoring the situation indefinitely. Overall I am more and more seeing this as a risky move by the company, and it will be very interesting to see how it plays out.