Replies to post #54833 on Beyond Commerce Inc (BYOC)

[jobilly]

In the Dumpster...>>

[JoeBert]

I honestly wouldn't be surprised to see something very similar to what Blackstone did with Gates, but in the opposite order.

So in 2014, Blackstone bought Gates for $5.4B
https://www.blackstone.com/press-releases/article/blackstone-announces-closing-of-gates-acquisition/

In 2018, Blackstone IPO'd Gates with 38.5M shares and and raised $751M
https://www.nasdaq.com/articles/blackstone-backed-gates-industrial-sets-terms-751-million-ipo-2018-01-12

In 2021, There was a secondary offering of 22M shares.
https://www.streetinsider.com/Corporate+News/Gates+Industrial+Corporation+plc+%28GTES%29+Announces+Secondary+Offering+of+22%2C000%2C000+Ordinary+Shares/18019124.html

Only 60.5M shares offered.
Yet, the OS is 291M shares with a market cap of $5.2B. (no data on Float)
The way I understand it, Blackstone still holds a ton of the value in of Gates as an institution.

I wouldn't be surprised if a private equity firm or institution is accumulating the billions of shares with plans to hold them close to the chest. And essentially taking them out of the float.

[StarlingChaser]

As far as this post is concerned. Trek`s comment here is way more powerful than most here realize. All this buying was not retail. If it were all retail it would either be in the trips hard or they simply could not have sold that many shares. Some was retail, some was not. Ask yourself if all this was not retail then who and more importantly why? I am not trying to tell anyone to buy but as always just food for thought. All my posts are my opinion but no guarantee of accuracy but they are what I personally believe.