Replies to post #2550 on Beyond, Inc. (BYON)

[drobx]

For the most part a good update. The main negative is that some of this is hard to understand for someone who is not knowledgeable about markets. With regard to the dividend there is this, which clarifies matters a bit:

"2. July 30: Announced the OSTKO digital preferred dividend that will trade exclusively on the PRO Securities ATS, operated by a wholly-owned subsidiary of tZERO.

This dividend, which has a record date of September 23, has the potential to introduce tens of thousands of new investors to the PRO Securities ATS. Given the digital preferred shares trade exclusively on the PRO Securities ATS, broker-dealers representing Overstock common shareholders will need to subscribe to the PRO Securities ATS in order to allow their clients to transact the dividend directly. As I mentioned on the recent Overstock earnings call, introducing more investors to the platform is a key priority and this announcement should serve as a catalyst for enhancing liquidity."

My takeaway is that PRO Securities ATS is an exchange, analogous to NYSE and NASDAQ, and that what they want is for your regular broker to have the same relationship with PRO as they have with other exchanges. So ultimately they are not trying to get everyone signed up with Dinosaur.

[drobx]

Here's what I don't understand:

"4. Launching the First Regulated National Security Token Exchange with BOX Digital Markets

Lastly, we continue to work with our partners at BOX Digital Markets on launching the first regulated national security token exchange through our joint venture, the Boston Security Token Exchange (BSTX). We will continue to update you as this progresses. We are currently aiming for an early 2020 launch."

So PRO Securities ATS is not a regulated security token exchange?

[drobx]

And here's the big dilemma:

"1. Onboarding Quality Issuers

The foremost priority is to bring high-quality security tokens to the PRO Securities ATS. Brooke Navarro, who was recently appointed as Head of Business Development, is spearheading this effort and has laid out a robust pipeline of potential issuers. Expect the announcement of new assets in the coming months."

The dilemma is that quality issuers already have access to quality markets. It is the low quality ones who could benefit from listing. For example, when a stock is delisted and goes onto the gray sheets it becomes difficult to trade, and moving to this system could be an improvement. The dilemma is that PRO would not want to become known as the place for crap stocks.