Board 8 > Stock Topic 37

(+) Yeah! (+)

It's not "market factors"

The stock has literally gone down 40% in 3 days after the much hyped thing that was wanted was delivered. The stock price has been shorted below the cash value of their holdings.

And all metrics are showing that there isn't selling going on as much as short interest quite literally doubling down.

People literally aren't getting their dividend. Why? Because the shares don't exist.

No one is mocking anyone. Might be time to stop preaching a stock for almost a year though.

Let's all sell puts on a random thing and then buy them back at a loss because we have no fucking idea what we're doing instead.

Let's buy EVRI because the price goes up but only when the price is high. Wouldn't want to hold it and make 700%.

Yikes

Well this topic escalated quickly......

Wasnt trying to insult you Lopen. My bad if it came off that way.

I'm just saying I'd respect a lot more of what you had to say if you had one single thing to say about any stock in this topic other than the stock price

You still haven't told me what you think Evri's value is, why it should go up. Do you even know what it does. Like the business. What are their growth prospects, what is the market cap you expect them to attain-- do you think they'll start paying dividends.

Why are you selling puts in Goldman Sachs instead of any one of a ton of random other stocks you could pull out of your ass. Did you make money selling puts in Goldman Sachs or did you panic buy your puts back for a loss again?

I'm sorry you find rambling about BBIG boring to read-- maybe you should post literally anything resembling an insight that isn't gleaned by reading off the price of a ticker and we would have stuff to discuss.

I havent done much investing at all lately due to the recession. I go into stocks based on the their historical price trends, usually up to the previous three to six months. Then Ill look at news articles to see if there is supposed to be any news coming out that could increase the price. It was easier to gamble like that during the strong bull market, I didnt really have to rely on anything else. But it seems that even when people do thorough research and due diligence on stocks, it doesnt always lead to gains as we are seeing with BBIG. Its all just a gamble and you dont need to curse me off or insult me.

I am insulting you because you're telling me it's a bad time to buy at 52 week lows coming off of great news and growth prospects

Unless you have an actual case for it going to $0 that isn't "stock price goes down keeps going down" why on earth would it make sense to NOT buy here.

Okie, well I hope it goes up for you.

If you know about a stock and it's not going out of business 52 week low is literally the best time to buy that's all I'm saying.

Apologies to topic followers if the BBIG talk is annoying particularly because it kinda undermines the idea of investing in some ways-- because while there is a lot to discuss about the company, at this point the thing that's relevant to the stock price is fraud and if we accept fraud exists in the markets then why invest at all.

I will eventually have other plays. I can take a break until this one plays out if desired.

Speaking for myself, Im not annoyed by it. I dont think anyone is either. I just didnt want to see you stuck in a stock longer than you needed to be. I understand how that could have come off dismissive or something.

Unless the stock dilutes or we're given a negative catalyst that would actually cause people to sell there is no reason to consider selling any at any price point below $5. Might as well just ride it out unless there's a higher upside play in the wings that I'm not aware of. But the answer there isn't sell it's buy the other play.

I'm just frustrated because my timing was right, what I said was going to happen did, yet I'm gonna lose a bunch of money on calls anyway because they're just not covering anything and just not giving anyone any dividend and that's the solution. Like how does that make any sense. It's not about miscalling the stock it's about miscalling corruption in the markets.

I mean in a stock as manipulated as this one, when stakes keep escalating daily, 8 days is a long time and I may have hope yet, but still.

I wonder how often this happens to other stocks. Like, all the info is lined up but it still doesnt go up. Probably pretty often.

It happens pretty often trust me. For instance as an obvious dumb thing just a few weeks ago Novavax went DOWN with FDA approval of the covid vaccine. It has since moved up a lot but yeah it's pretty common.

The difference is the price movement isn't so blatant as with this one. Like I don't think you realize quite how weird the price movement is with this one because you're not following it but a stock trading tens of millions a day ping pinging from 1.15 to 1.16 for 6 hours is very strange. Particularly after an opening dump of 10 cents in like 5 minutes. And you've got months and months of stuff like this.

The big enabler for this is the market maker has a conflict of interest. So you've got three things working in tandem here

Two short hedge funds with large amounts of shares to lend out and warrants (not any longer, but had) to hedge moon risk.
Market maker that wants it going down because they own like 60 billion in Tiktok
Bear market in general

So it's tough. And blatant. But maybe it'll get there.

Tik tok ban seems to be gaining steam

I wonder if this is why the flush is so aggressive. I know the market maker owns a lot of that July 15 options chain.

Vinco also just gave Zash 70m last week. Ban before 15th + merger would really send it. I'm actually kinda excited seeing the price be where it is right now. The speed of the drop shows some urgency in flushing people out. There'd be more upside to slow bleeding it if there wasn't an immediate catalyst I think.

Wish I had money on hand to buy shares down here. Oh well. If I had money I would have bought up at $2 anyway.

785k sell wall on BBIG at 1.05 as Tyde is trying to squeeze

Unreal manipulation on these stocks. Fun to watch.

Sold and bought back for a cool $375 profit lololol

Flipping Tyde shares feels like a good play at these prices. I may just do that with my next cash infusion. The fact that it ran 35% in like 5 minutes drives home how silly the situation in that stock is.

What happened in TYDE? It went up 35% and down again in minutes.

Tyde's float is very small. 20.5m shares

The functional float is much smaller because of how it was distributed (1.5m shares + sells in the free float basically). It also has huge short interest due to people not covering bbig before distribution and has a bunch of shares owed people still haven't received because of shadyness with brokers (not primarily Robinhood this time-- webull is the big criminal with this one)

It will go up and down a ton just by someone buying like 10000 shares. It's an extremely safe swing play at these levels because it's going to be highly volatile and it isn't going to 0. I'll probably dump 1k in it a few times.

I don't like the company as much as BBIG as a long term investment, but it's super volatile right now.

Market go up baby

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.

Musk's Twitter deal terminated
Twitter shares fall after hours, Tesla shares rise

Waiting waiting waiting

I'd flip Tyde from here but don't have my money for the month yet.

Getting a bit nervous about my July calls at this point. I think we need merger news this week or they're going to rob this options chain too. Like I feel like there SHOULD be enough institutional pressure to move it but we've got two big short hedge funds and the market maker working in tandem so it's tough.

The only saving grace is because it's being so manipulated the spring should be that much harder which makes my October/Jan calls look better.

At his level though I'm going pure shares. No reason to run calls when the share price is around $1.

BBIG cancelled their 80m outstanding warrants (keep in mind those couldn't be exercised currently due to the maximum issued shares) for 30 million in cash.

I feel like they know they're going to be profitable soon and don't feel they need the extra financing at the warrant rates.

Super bullish for the stock price because one of their main shorts doesn't have their escape valve anymore of course at this point my only concern is whether they can pump the stock price before July 15th. Like yes I can make money if it pumps afterwards (and the longer it takes to pump the more I can make because I'm buying shares all day at this price) but yeah.

I guess they could bounce off tomorrow's CPI print with the merger news but I'm mentally prepared for all those options to expire worthless. Got some deposits being cleared, probably go 100% in shares.

Oh yeah I've been mentally prepared for a while

Sucks but what can you do. I'm positioned well enough that I'll well over break even unless it holds this way past Jan 2023. And if it does I'll have a huge amount of shares by then.

I legitimately believe the company is worth $16 per share minimum right now. That's just what I feel a short video alternative with Tiktok under fire with its own advertising engine is worth. Adrizer without Lomotif integration is already making enough to make bankruptcy take a long time. I think we'll see straight up positive EPS before 2024.

There are three ways it can send this week.

1. Merger news -- this would happen today or tomorrow pre-market if it was happening I think.
2. One of the shorts breaking formation and wanting to scorch the other ones (MUCH more likely now that the toxic warrant financing is off the table imo)
3. Someone wanting to run it because there are like 500k open contracts in the July chain-- those aren't all retail so it's possible someone with big pockets is getting burned here and isn't going to be cool with it.

What I personally think

BBIG knows that what they have here is a unique opportunity. They actively want the MOASS because it's free publicity for their app and are going to do what they can to set it off.

If you think about it the one two of Tyde spinoff -> merger would actually do it, if they line it up with the gamma ramp. The merger has been brewing for a year and a half, so again, plausible to do it this week.

Think of all the free advertising AMC and Gamestop got. Now imagine that for something that is relatively unknown vs those entities. Imagine having that shortly before or shortly after a Tiktok ban.

A rogue whale/hedgie would be some nice game theory. I wonder how much capital is needed to set it off.

And hey, maybe we'll get that timely PR. Not probable but definitely still possible.

Just looking at the price action and the stiff level 2s I think it needs a lot less than you might think.

A few million shares sent through a lit exchange would probably set off a chain reaction.

Yesterday's volume was pretty low, but today's volume didn't even crack 7m, which is a volume low we haven't seen since just before the January run-up. Before the run up last August volume tanked too.

IF it runs tomorrow, I'm going to have a new trick to try on manipulated stocks.

Alright well. That hurt.

Retired from calls that aren't LEAPS now. I do still have over 100 calls between October and Jan 2023 so if it runs soon, I can still recover, but now I'm going to try and rebuild my 40k realized losses this year by doing the old ways

That's right. CASH SECURED PUTS with a starting point of 2000 to secure them. Will keep the topic updated on progress.

Rooting for you!!!!!

I sell a bunch of 1p for next friday on bbig

Still think it moons soon. So despite saying I wouldn't, I buy Oct 21 2c with the proceeds. I'll continue this until I'm at 100 of them or the cost starts going up. Then I'll start getting 1c 2024 or shares of BBIG or Tyde depending what the premiums are

Little rally lately.

And yet another earnings season in which Snapchat shits the bed and gives us a red day
Fuck this shitty company

Perhaps the strangest price action I've ever seen on BBIG today. Dump and just total flatline at 0.98. Literally no movement for over an hour despite millions of volume there. Then bounce back up to 1.01

Snap got Thanos snapped in the last two quarterly reports. Jeez

Lopen posted...

Perhaps the strangest price action I've ever seen on BBIG today. Dump and just total flatline at 0.98. Literally no movement for over an hour despite millions of volume there. Then bounce back up to 1.01

Lots of options expiring today?

No, actually, only about 2k OI at 1 which is tiny for bbig. Which makes it even more weird. Because yeah that's exactly what it looked like like they were fighting hard to not deliver 200k shares

$1 to $1.01 perfect barcode all day. Incredible manipulation going on here in plain sight. No one cares.

Shareholder meeting to discuss things and vote tomorrow on increasing authorized share count. Expecting big moves one way or the other after that. I'm thinking it practically has to be up but who knows.

Wow, that chart movement is crazy. Is it worthwhile for you to buy at $1 and sell at $1.01, twenty times a day?

Moonroof posted...

Wow, that chart movement is crazy. Is it worthwhile for you to buy at $1 and sell at $1.01, twenty times a day?

No

I think actually selling at $1.01 is hard and actually buying at $1 is hard. This is basically all algorithmic movement.

This is what happens when you have

Two short hedge funds with 22 million shares a pop known for trying to death spiral stocks (one of which has warrants to hedge a run-- although the amount of warrants they have is low now as most have been exchanged or cancelled)
One short hedge fund with 11 million shares that is also the market maker for the stock and owns a huge stake in the main competitor company

Fuckery happens. I'm so convinced that SOMETHING happens tomorrow that I bought some 1c AND 1p to hedge. There's just no way they can maintain this amount of control if there is news, and there will be news tomorrow.

We've been seeing a lot of signs that the merger actually will happen and soon. Notably we had a lot of seemingly random staffing changes that would be required to proceed for the merger in the 8-K filed last week. They also brought back Farnsworth as CEO a couple of weeks ago which is also required for the merger to proceed (detailed in their initial merger filing way back in January 2021). Unlike the theoretical Tyde dividend "forced" cover which is only forced in the sense that it's just stupid to continue to short it rather than cover (because the market maker itself is in on the fix, that was thrown out the window-- wish I'd put that together a while back but oh well), merger does FORCE short positions to close due to changed CIK for the ticker, so I am excited about it.

They could also do things a funny way and have Zash (the merging company) buy them out and merge into a private company-- I honestly wouldn't mind that, as the purchase price would be well above the current stock price. But I think they'll do it the other way, and I would prefer it.

There isn't much time left for speculation. The stock is primed to launch. It's either gonna rocket up or they're going to go for the killing blow and sink it-- but I just don't think it can actually be killed. It's just not a real bankruptcy risk and it has too much growth potential, and too many ape investors and institutions are loading it for it to delist.

But it can't stay at the low $1 range much longer.

Also merger requires a valuation by appraisals of both companies to determine the share ratio each merging company brings in.

Meaning if say for example the assets of Vinco Ventures are appraised at like 2 billion (not unreasonable-- they own half of Lomotif which was valued at 5b a year ago when it was much smaller, as well as Adrizer and a lot of cash) and our market cap sits at 250 million, that alone causes it to run.

Anyway not telling anyone to buy, but just explaining why I'm not really phased despite being down 40k lol.

Full barcode chain. 7.5 hours of action with one cent or less of variance.

It's the sign of the legendary coiled spring here. No doubt.