red sox 777 posted... Yeah I'm still not seeing a reason to be excited about BBIG, but good luck to you.
I'll shill it one last time for you and the rest of this topic.
- Current market cap is literally below cash on hand BBIG should have no need to dilute in the future (and has said it won't need to)
- Independent valuation of Lomotif (A Tiktoklike Social Media thingwhich BBIG owns 80% of) in a separate SEC filing had it at 5b Market Cap. At 80% it'd be 4b, which is 10x BBIG's current market cap. BBIG also owns Adrizer which is an advertising platform-- good synergy with a social media platform.
- The PR giving some details on the Tyde spinoff said it will be 10:1 ratio. Nasdaq listing requirements for Tyde means the company has to have minimal 80m assets-- given the style of the BBIG's spinoff that means BBIG's valuation would need to be minimal of 800m (2x BBIG's current market cap). We also have evidence that Tyde is a legitimate bitcoin mining op from the filings/announcements so I suspect the valuation isn't the bare minimum.
- Short interest is hovering around 38% and has been rapidly increasing in the past month, as well as Cost to Borrow increasing from 20% to 100%. Tyde spinoff (slated to be before the end of the year) will force shorts to cover-- we've had this happen with Overstock in 2020 as they need to deliver spinoff shares to close out short positions.
This is just the company. Now if you look at the price/volume action of sudden plunges in the stock price for no reason, news not moving it up, institutional investors getting in as per filings, all the intangibles with bears spreading fake information when it's about to run, buzz on reddit/stocktwits/twitter. To me there's a ton of upside here. ESPECIALLY if it cracks $10 (so it crosses the market cap to be on WSB).
You don't need to make money with me. I'm just saying this isn't Smile Direct Club or Wish or any number of other "SQUEEZE LOL SQUEEZE" stocks. There's a lot to be excited about here. I'm not throwing 60% of my portfolio into it based on nothing but hype and hope.
The only reason it hasn't moved is because we are still waiting for the official Form 10 valuation of BBIG and the earnings call not showing the company hemorrhaging money will be nice. Greedy when others are fearful etc etc. Breadcrumbs are there between 8Ks and PRs.
The upside is a
lot higher and more likely than the downside at these levels. The only reason people aren't in it is because moviepass guy is involved (and he's not even involved in BBIG directly anymore) and because there's a lot of fake information out there and the price action is kinda scary. But I think the FLOOR for price when the spinoff occurs is at least the 52 week high of $12.50. Realistically it can go much much higher. Overstock went from $3 to like $120. In some ways there is actually more upside here than with Overstock, too between Lomo, Adrizer, and Tyde.
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No problem!
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