Beyond Meat is a supplier not a partner - they don't have an investment, reputationally or financially in WCVC - they will sell to anyone who will buy it. Illegal Burger probably also "partners" with Procter & Gamble for the toilet paper in the bathroom. To validate WCVC based on that is like saying "Bernie Madoff can't be a fraud since Toshiba sells them copiers and Toshiba wouldn't partner with a fraud." Anyway, I don't think anyone thinks Illegal Burger is a fraud - just a perpetually money losing small restaurant chain.
The scam is the pretense that shareholders will have any outcome but to dilute themselves and allow Jim Nixon to get paid and pay off his mortgage backed debt. They won't get any upside (other than if Jim Nixon "gifts" them some of the upside) as there is no board oversight, no shareholder agreement protections, and full voting power is held by a person who owns less than $5K of stock and thus has almost no economic alignment with shareholders. This is not speculation - this is a fact of the corporate structure - the speculation is whether or not Jim is a good guy who will altruistically share the upside with common stockholders- I have no view on that.
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