Beyond, Inc. (BYON)

[drobx]

I called up Schwab to see if I could find out anything about recent events. Basically there was a lot of uncertainty about how the digital dividend would work, so they called in all the short sales. There was some uncertainty as to how or even whether people who had their shares loaned out would receive the dividend. Maybe they'd receive cash in lieu of shares, but what would the cash equivalent be was not clear. It basically sounded like the brokerage would send a list of shareholders and their number of shares to Overstock and they would have to take it from there. I told the guy that the same thing is going to happen again in a few months, the only difference being the shares will be immediately tradeable, but that didn't change anything in his mind. I also asked when they found out that the dividend was being delayed and was told 9/18, which is when Overstock announced it. My main takeaway is that I will plan to take back my loaned shares in advance of the next date of record for distribution.