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Re: eddyimano post# 1026

Saturday, 10/19/2019 9:01:05 AM

Saturday, October 19, 2019 9:01:05 AM

Post# of 1816
Lock up expiration is when pre ipo insiders can start unloading their shares. That is usually when the VC folks exit adding more shares to the float.

Right now the borrow rate on shares to short BYND is above 80% when lockup expires that rate will drop making it cheaper to short leading to an erosion in share price.

"According to the latest prospectus dated July 31, when the lock-up period expires, there will be about 61 million shares outstanding, of which 48.8 million will no longer be part of the lock-up agreement. Currently, there is a float of roughly 13 million shares. It means the number of shares now available to trade will more than triple.

The shareholder list in the prospectus shows that some of the holders are venture capital firms. These firms are likely to distribute these holdings to partners once the lock-up agreement expires. Given the stock's massive gains, it doesn't seem all that unlikely for many of these holders to take profits."

You just have to watch the support levels they could also pull a $TLRY extend the lockup and squeeze shorts.
https://seekingalpha.com/article/4297100-beyond-meats-plunge-may-starting
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