LogFAQs > #966413687

Interesting developments with BBIG today

Zash's twitter account started issuing statements about the company. Specifically that they have heard concerns about market manipulation and abuse of dark pools and have hired a legal team to investigate it.
They also talked about Lomotif's business strategy and how it valued user data security and such, and that they would issue an official press release about the upcoming gameplan for the company

So while the idea that there is an official release scheduled next week is kinda exciting, the more interesting part about all this is Zash is the one making the statement. If the merger isn't finalized they shouldn't really be at liberty to talk about anything related to BBIG or Tyde. Keep in mind BBIG just gave Zash $70 million in a filing last week too-- perhaps to close the deal on the last 20% of Lomotif and use that to finalize the valuation that would accompany a merger.

As said previously the "nail in the coffin" if there's actually naked short selling going on is a merger would would change the name of the BBIG stock from Vinco Ventures to ZVV Media. This causes a lot of bookkeeping weirdness due to the underlying stock symbol being cleaned up and naked shorts needing to be closed to transition properly-- in theory a merger could happen any time, it's been in the works for over a year now. This is what happened with SPRT -> GREE last year and why it flew to like $60.

The stock continues to be hit with a bunch of short exempts even at this level which to me kinda says they're almost waiting for an excuse to let it run because you can't just naked short 10% of a stock's short volume every day and that not have consequences. If you look at big moves in other stocks you can generally see a spike in short exempts just before they run too-- BBIG has had extremely high amounts for 10 days now.

I don't want to get too hyped but if we merge before next Friday that would combine with the July 15th Option chain to make some big fireworks for BBIG and TYDE (since the option chains are merged). Throw in the possibility of Tik Tok being banned or temporarily restricted from app stores tomorrow and yeah, a lot of stuff potentially could happen in a very short time. Basically if BBIG's price + 1/10 Tyde's price exceeds $2 before next Friday some major hedging will need to occur. I do believe that if we break $2 by then we break $7 very easily.

Anyway just rambling. Definitely the most excited I've been about the stock's explosion potential in a long time.