DTC

portilladani

Because their whole business runs on AI. Their algorithm decided who to show each ad to, based on who is most likely to respond. They’ve been improving advertising efficiency by using AI to improve what they call retrieval, and the only reason they’re growing is because advertisers see a positive return due to the algorithm being so good. I’m in advertising and Meta is the best channel for DTC brands, mainly because of their algo. So yes, for them, the way to scale revenue is by improving their AI.

DucDeBellune

Yes, people keep invoking Rule 144 to cite that they can’t trade for six months, but that’s not how Rule 144 works. The 6-month clock is the default holding period for restricted securities of reporting issuers, but when new shares are issued solely in exchange for other securities of the same issuer (e.g., converting/exchanging notes), Rule 144(d)(3)(ii) lets you tack the old holding period to the new shares. The SEC’s own guidance says that in a Section 3(a)(9) exchange, the new securities assume the character of the old and tacking is permitted. BYND’s October deal was an exchange offer with existing noteholders, not a cash sale to the public. The company then released the contractual lock-up at 5:00 p.m. ET on Oct 16 (as per themselves) and DTC moved the contra-CUSIP into the unrestricted CUSIP on Oct 17 i.e., those shares trade on Nasdaq like any other BYND. Also, just do the math. Current shares are trading at $1.66. Market cap is 656.21m. Divide the market cap by share price to determine the amount of shares = 395m. The math proves 390m+ shares are actively being traded. Again, stop trying to spread misinformation to get people to pump a dying stock.

r3dditing

Only about 700,000 new shares won’t be registered the previous 316 million shares are freely tradable: : from beyond’s or page: the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period. New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants Look those cusip numbers up and they are register we shares!

Mother_Plastic_8047

Got FLWS. Let them bloom to the moon. DTC is barely 2, so once volume spikes it’s game over for the shorts. One halfway decent catalyst and this floral delivery company is going to send bouquets straight to Valhalla.

xtanaka99x

Total Cash: $628.62 and Total Debt: $79.31M. This looks very healthy. And it looks like they have been buying back shares a little by little. Held by institution is 82.08% and 11.48% SI. DTC is only 2.24 but this is not short squeeze play so who cares. (Source: Fintel) Your +20% projection is realistic to me.

DalaDanny

You're asking exactly the right question here. Let me break down what's happening with actual sources so everyone is on the same page: 1. "How can the Cost-To-Borrow (CTB) be around 9% if the shares are supposedly still locked up?" They're not locked anymore. BYND explicitly stated the lock-up ended at 5:00 p.m. ET on Oct 16. Immediately after, the Depository Trust Company (DTC) transferred all those previously locked-up shares from the restricted (contra) CUSIP into the unrestricted, tradable CUSIP on Oct 17. That means these shares are free to trade and lend out now. Source: SEC Exhibit 99.1 Press Release (clearly mentions the lock-up expiration and shares becoming tradable). 2. "A CTB of 9.25% indicates plenty of available shares, so Short Interest (SI) must realistically be around 13–17%." We need to be cautious here. CTB is broker-specific (in this case, from Interactive Brokers via ChartExchange), and it represents supply and demand within a particular broker's lending pool. One broker’s number doesn't reflect the entire market's short-borrow situation and certainly doesn't pin down a precise market-wide SI percentage. It does suggest ample availability at that specific broker right now, though. Sources: ChartExchange CTB Data (Interactive Brokers feed) Interactive Brokers CTB explanation 3. "If the CTB is low, that means the 316M shares are definitely part of the float now." Exactly right on this one. Those shares are indeed tradable. The official record date (Oct 16) SEC filing clearly states there were 397,607,401 shares outstanding at that time. The new shares from the debt exchange became tradable immediately after the lock-up expired (Oct 17), significantly increasing available float. Source: BYND SEC DEF 14A Proxy Filing 4. "How do we reconcile Ortex previously showing over 100% SI with this new float?" Good question. The confusion earlier this week was mostly a denominator issue: Ortex was briefly showing extremely high SI percentages because some data providers were still using an outdated or smaller float number, causing short interest percentages to appear inflated. The actual absolute short share count didn't explode—it was just a calculation artifact from using the wrong denominator

DalaDanny

Respectfully, several core facts in OP’s post are outdated or just wrong. Line-by-line: 1) “The 316M new shares are *unregistered* and *not freely tradable yet*.” ▸ Reality: The lock-up expired at 5:00 p.m. ET on Oct 16. After that, holders “will be able to sell all of the New Shares.” DTC then moved the shares out of the contra CUSIP into the *unrestricted* CUSIP on Oct 17. ▸ Sources: SEC 8‑K (Item 1.01) and Exhibit 99.1 press release with the DTC details. – https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/d60690d8k.htm – https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/d60690dex991.htm 2) “Float is still tiny (only ~70–100M tradable) until SEC registration goes effective.” ▸ Reality: As of the Oct 16 record date there were **397,607,401** shares outstanding. The “tight float until registration” angle is no longer true once the lock-up rolled off and DTC moved shares to the unrestricted CUSIP. ▸ Source: Company DEF 14A (proxy), Record Date section. – https://www.sec.gov/Archives/edgar/data/1655210/000119312525242542/d940803ddef14a.htm 3) “Short interest >100% proves a structural squeeze because float is locked.” ▸ Reality: Ortex did show SI >100% of *public shares* at one point, but that % can compress as the denominator (free float) expands when the new shares hit the unrestricted line. % of float ≠ fixed; the absolute shorts aren’t magically growing. ▸ Source: Reuters summarizing Ortex and noting shares released. – https://www.reuters.com/business/beyond-meat-short-interest-surges-past-100-public-shares-ortex-data-shows-2025-10-23/ 4) “Borrow fee 800–900% means shorts are trapped right now.” ▸ Reality: CTB spiked intraday (Oct 14–15) into the ~800–900% area, then fell hard as supply loosened. By Oct 24 it was ~20–50% on common trackers, and on Oct 26 Interactive Brokers feed showed ~9.25%. ▸ Sources: – Fintel CTB history: https://fintel.io/ss/us/bynd – IB feed snapshot (ChartExchange/CompaniesMarketCap mirrors): https://chartexchange.com/symbol/nasdaq-bynd/borrow-fee/ https://companiesmarketcap.com/beyond-meat/cost-to-borrow/ 5) “Dark pool short volume ~250M = that many *shares short*.” ▸ Reality: Daily “short volume” is **trading flow** (prints marked short), not the stock’s outstanding **short interest**. FINRA and others explicitly warn not to conflate the two. ▸ Sources: – FINRA explainer on Short Interest vs Short Sale Volume: https://www.finra.org/investors/insights/short-interest https://www.finra.org/rules-guidance/notices/information-notice-051019 https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files 6) “There’s no supply; that’s why volume is low and a squeeze is inevitable.” ▸ Reality: Supply increased materially (316,150,176 new shares issued in the exchange), and **liquidity is massive** (multiple sessions >1B shares traded). Squeezes can pop—but sustained moves fight a big supply overhang from noteholders. ▸ Sources: – SEC 8‑K issuance: https://www.sec.gov/Archives/edgar/data/1655210/000119312525240364/d60690d8k.htm – Reuters on 1.2B+ shares traded Oct 21: https://www.reuters.com/business/beyond-meat-shares-soar-planned-walmart-distribution-2025-10-21/ – WSJ/FactSet on 2B+ shares traded Oct 22: https://www.wsj.com/livecoverage/stock-market-today-tesla-earnings-10-22-2025/card/QIrRiAHyuXGJHi6gCCXR 7) “Near-term catalysts are all bullish.” ▸ Reality: BYND pre-announced Q3 rev. ≈ $70M and GM ~10–11% (okay vs expectations), but Nov 19 Special Meeting also seeks (i) Nasdaq 5635(d) approval to issue shares under the new notes, (ii) *increase* authorized shares to 3.0B, and (iii) a reverse-split framework—each a potential dilution/overhang mechanic. ▸ Sources: – Reuters on prelim Q3: https://www.reuters.com/business/beyond-meat-expects-post-quarterly-revenue-above-estimates-2025-10-24/ – Proxy (Special Meeting 11/19, proposals incl. 3B auth. shares & reverse split): https://www.sec.gov/Archives/edgar/data/1655210/000119312525242542/d940803ddef14a.htm TL;DR — The post’s central thesis (“float stays tight until a resale registration, so a mechanical squeeze is inevitable”) is **false**. The lock-up expired 10/16, DTC moved shares to the unrestricted CUSIP on 10/17, and trading/liquidity show the supply is very much present.

Background-Summer-56

No, you are wrong. 100% are freely tradable. The convertible notes are unregistered and their time started when they were issued. Rule 230.144(D)(3)(ii) explicitly states that the shares are tradable on the public market after conversion. Why are you lying? Please explain. There is no registration requires and these shares are now a part of the public float. And the short data is also being updated to reflect this. Link to CFR 230: Here is the text of the rule: (ii) Conversions and exchanges. If the securities sold were acquired from the [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144) solely in exchange for other securities of the same [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144), the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. This is perfectly clear. The 1-year period started with the issuance of the convertible notes. And then from BYND's press release on their website, it explicitly states in plain language that the 316M securities are available for public sale: [https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock](https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock) Text: By tendering Existing Convertible Notes in the Exchange Offer, each participating holder of Existing Convertible Notes was deemed to have agreed with the Company that from and after the Early Settlement Date and until 5:00 p.m., New York City time, on October 16, 2025, it would not transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any New Shares, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided that an exchanging holder of Existing Convertible Notes was permitted to sell up to approximately 37.45% of the New Shares received by such holder in the Exchange Offer (the “Freely Tradeable Shares”). **The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above.** With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.   ... **The New Shares and other securities offered in the Exchange Offer have not been, and will not be, registered under the Securities Act of 1933, as amended, or any other securities laws. ...**

Background-Summer-56

Bullshit, these shares are freely tradable: The convertible notes are unregistered and their time started when they were issued. Rule 230.144(D)(3)(ii) explicitly states that the shares are tradable on the public market after conversion. Why are you lying? Please explain. There is no registration requires and these shares are now a part of the public float. And the short data is also being updated to reflect this. Link to CFR 230: Here is the text of the rule: (ii) Conversions and exchanges. If the securities sold were acquired from the [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144) solely in exchange for other securities of the same [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144), the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. This is perfectly clear. The 1-year period started with the issuance of the convertible notes. And then from BYND's press release on their website, it explicitly states in plain language that the 316M securities are available for public sale: [https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock](https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock) Text: By tendering Existing Convertible Notes in the Exchange Offer, each participating holder of Existing Convertible Notes was deemed to have agreed with the Company that from and after the Early Settlement Date and until 5:00 p.m., New York City time, on October 16, 2025, it would not transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any New Shares, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided that an exchanging holder of Existing Convertible Notes was permitted to sell up to approximately 37.45% of the New Shares received by such holder in the Exchange Offer (the “Freely Tradeable Shares”). **The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above.** With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.   ... **The New Shares and other securities offered in the Exchange Offer have not been, and will not be, registered under the Securities Act of 1933, as amended, or any other securities laws. ...**

Background-Summer-56

This post is factually incorrect: The convertible notes are unregistered and their time started when they were issued. Rule 230.144(D)(3)(ii) explicitly states that the shares are tradable on the public market after conversion. Why are you lying? Please explain. There is no registration requires and these shares are now a part of the public float. And the short data is also being updated to reflect this. Link to CFR 230: Here is the text of the rule: (ii) Conversions and exchanges. If the securities sold were acquired from the [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144) solely in exchange for other securities of the same [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144), the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. This is perfectly clear. The 1-year period started with the issuance of the convertible notes. And then from BYND's press release on their website, it explicitly states in plain language that the 316M securities are available for public sale: [https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock](https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock) Text: By tendering Existing Convertible Notes in the Exchange Offer, each participating holder of Existing Convertible Notes was deemed to have agreed with the Company that from and after the Early Settlement Date and until 5:00 p.m., New York City time, on October 16, 2025, it would not transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any New Shares, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided that an exchanging holder of Existing Convertible Notes was permitted to sell up to approximately 37.45% of the New Shares received by such holder in the Exchange Offer (the “Freely Tradeable Shares”). **The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above.** With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.   ... **The New Shares and other securities offered in the Exchange Offer have not been, and will not be, registered under the Securities Act of 1933, as amended, or any other securities laws. ...**

Background-Summer-56

The convertible notes are unregistered and their time started when they were issued. Rule 230.144(D)(3)(ii) explicitly states that the shares are tradable on the public market after conversion. Why are you lying? Please explain. There is no registration requires and these shares are now a part of the public float. And the short data is also being updated to reflect this. Link to CFR 230: Here is the text of the rule: (ii) Conversions and exchanges. If the securities sold were acquired from the [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144) solely in exchange for other securities of the same [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144), the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. This is perfectly clear. The 1-year period started with the issuance of the convertible notes. And then from BYND's press release on their website, it explicitly states in plain language that the 316M securities are available for public sale: [https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock](https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock) Text: By tendering Existing Convertible Notes in the Exchange Offer, each participating holder of Existing Convertible Notes was deemed to have agreed with the Company that from and after the Early Settlement Date and until 5:00 p.m., New York City time, on October 16, 2025, it would not transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any New Shares, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided that an exchanging holder of Existing Convertible Notes was permitted to sell up to approximately 37.45% of the New Shares received by such holder in the Exchange Offer (the “Freely Tradeable Shares”). **The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above.** With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.   ... **The New Shares and other securities offered in the Exchange Offer have not been, and will not be, registered under the Securities Act of 1933, as amended, or any other securities laws. ...**

Background-Summer-56

The convertible notes are unregistered and their time started when they were issued. Rule 230.144(D)(3)(ii) explicitly states that the shares are tradable on the public market after conversion. Why are you lying? Please explain. There is no registration requires and these shares are now a part of the public float. And the short data is also being updated to reflect this. Link to CFR 230: Here is the text of the rule: (ii) Conversions and exchanges. If the securities sold were acquired from the [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144) solely in exchange for other securities of the same [issuer](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=8ef38ef231dcd4f032b6403f8f0d8971&term_occur=999&term_src=Title:17:Chapter:II:Part:230:230.144), the newly acquired securities shall be deemed to have been acquired at the same time as the securities surrendered for conversion or exchange, even if the securities surrendered were not convertible or exchangeable by their terms. This is perfectly clear. The 1-year period started with the issuance of the convertible notes. And then from BYND's press release on their website, it explicitly states in plain language that the 316M securities are available for public sale: [https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock](https://beyondmeat.gcs-web.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock) Text: By tendering Existing Convertible Notes in the Exchange Offer, each participating holder of Existing Convertible Notes was deemed to have agreed with the Company that from and after the Early Settlement Date and until 5:00 p.m., New York City time, on October 16, 2025, it would not transfer, sell, exchange, assign or convey any legal or beneficial ownership interest in, or any right, title or interest therein (including any right or power to vote), or otherwise dispose of (whether by sale, liquidation, dissolution, dividend, distribution or otherwise) any New Shares, or enter into any contract, option, or other agreement with respect to any of the foregoing; provided that an exchanging holder of Existing Convertible Notes was permitted to sell up to approximately 37.45% of the New Shares received by such holder in the Exchange Offer (the “Freely Tradeable Shares”). **The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above.** With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.   ... **The New Shares and other securities offered in the Exchange Offer have not been, and will not be, registered under the Securities Act of 1933, as amended, or any other securities laws. ...**

DucDeBellune

This is incorrect. The BYND exchange shares weren’t “OTC-only.” They were contractually locked until 5pm ET Oct 16, then DTC moved them into the unrestricted CUSIP on Oct 17, after which they trade like normal Nasdaq BYND. A contra CUSIP is just a temporary DTCC tag during corp actions. Also, “restricted” stock under U.S. law can be resold publicly (incl. OTC) once Rule 144 (or registration) conditions are met. There’s no rule that says it’s “OTC-only.” >DISCLAIMER: This is not financial advice. I am also not a securities lawyer. I gathered as much.

TravelTalesDJI

Asked Chat GPT to read completely, this is what I got The initial lock-up (which prevented noteholders from selling their new shares for ~3 business days after settlement) expired at 5 PM on Oct 17, 2025. • After that moment, those shares were legally allowed to trade. • But — and this is the key part — they still require registration and clearing (through the Depository Trust Company, or DTC) before they actually appear as tradable on NASDAQ. So this text only ended the contractual restriction, not the regulatory or logistical one. The shares are “freely tradeable” only once the SEC resale registration (Form S-1) becomes effective and the Contra CUSIP shares (088ESCAA6) are converted into the unrestricted CUSIP (08862E109) for open-market settlement Question: It’s saying SEC registration is needed…so it’s not part of the float yet?

GorillaModeSuxNow

I plugged it into ChatBGP, this is fucking epic. All institutional holders got fucking LOADED dumping BYND on us fucktards. Here’s a breakdown of what the announcement by Beyond Meat, Inc. (ticker: BYND) means, and whether the newly-issued shares are accessible to the public: ⸻ ✅ What we know • Beyond Meat issued 316,150,176 “New Shares” on October 15, 2025 in connection with an exchange offer for its convertible notes.  • These shares were subject to a lock-up restriction, which expired at 5:00 p.m. New York City time on October 16, 2025. After that time, holders are permitted to sell the New Shares without the contractual lock‐up limitations.  • Prior to the lock‐up expiration, approximately 37.45% of each holder’s New Shares were already designated as “Freely Tradeable Shares.”  • The New Shares initially were issued under a “Contra CUSIP” (CUSIP 088ESCAA6) to enforce the restriction, and are expected to be moved into the unrestricted CUSIP (08862E109) on or about October 17, 2025 via the DTC (Depository Trust Company) procedures.  • Important: The New Shares were offered only to holders of the convertible notes who satisfied certain conditions (qualified institutional buyers or accredited investors with minimum holdings). They were not registered under the Securities Act of 1933.  ⸻ ⚠️ Are these shares accessible to the general public? Short answer: Not immediately in the sense of being newly offered to the general retail public. Here’s why: • Because the New Shares were not registered, they were initially offered to a limited set of eligible investors (institutional or accredited) rather than via a broad public offering. • After the lock‐up expires, the holders of those restricted shares are allowed to sell them into the market (i.e., give the “float” of those shares to be traded). That means the shares may enter the public trading pool (i.e., can be bought by retail) once they are transferred into the unrestricted CUSIP. • Therefore while you (as a retail investor) likely cannot participate in the original issuance, you can purchase those shares (or other shares of BYND) on the public market, as soon as they are moved into the unrestricted CUSIP and become part of the freely‐traded float.

Gold-Distribution189

Alright, let’s clear the smoke once and for all. There’s been a flood of half-baked info, old screenshots, and “hot takes” flying around on Reddit, X, and Fintel screenshots. Here’s the full picture based on SEC filings, Rule 144 law, and current short data as of October 25, 2025. 1. ⁠The Truth About the “316 Million New Shares” • Beyond Meat issued 316,150,176 new shares through an exchange offer for its 0% Convertible Senior Notes due 2027. • This was disclosed in the Form 8-K filed October 13, 2025. • These shares replaced roughly $1.15B of debt with $202.5M of 7% notes due 2030, eliminating ~97% of old debt. Great for balance sheet. But it diluted existing shareholders. 2. Why These Shares Aren’t Freely Tradable Yet Here’s where most people get it wrong: The new shares were issued but NOT registered for public trading. • The 8-K states these were issued in a non-registered transaction under Rule 144A — meaning they’re restricted securities. • Under Rule 144, restricted shares can’t be publicly sold for 6 months (for reporting companies) unless an effective resale registration is approved by the SEC. • No such filing (Form S-3 or S-4) has been declared effective on EDGAR yet. Translation: They exist on paper, but can’t legally trade on the open market until April 2026 or until the company files a resale registration. 3. “But They’re at the DTC — Doesn’t That Mean They’re Tradable?” Nope. • DTC simply holds them under restricted CUSIPs (“Contra CUSIPs”), which are book-entry placeholders, not public float. • This is normal during restricted share issuance. • They can sit at DTC while being non-tradable — exactly like employee RSUs before vesting. So even if the shares “show up” in internal databases, they’re not part of the float until they’re unlocked. 4. Why the Float Numbers Are All Over the Place This is where all the FUD started. MarketWatch / Ortex 384M (total authorized) ~17% Includes restricted shares that can’t trade yet IBKR / FINRA ~65M (tradable float) ~100%+ Excludes restricted shares — reflects real market pressure Both are technically correct, depending on which “float” definition you’re using. But from a market mechanics perspective, only the tradable float matters for short squeeze dynamics. 5. What This Means for Shorts • Borrow rates remain high (40–60%+). • Short availability is still under 2M shares per Fintel. • Fails-to-deliver data shows spikes above 8.7M shares. • The effective float being traded right now is small enough that price action remains extremely volatile. In other words: The “super squeeze” isn’t dead — it’s just delayed until dilution actually hits the market. 6. Key Legal Timeline (Rule 144) Shares issued (Form 8-K) Oct 13, 2025 Exchange of notes for shares Contractual lockup expired Oct 16, 2025, 5:00 PM ET Lockup removed, but shares still restricted Rule 144 6-month window Until ~April 15, 2026 Earliest possible public resale if no registration filed Possible SEC resale registration (Form S-3) TBD Once filed & effective, shares enter float instantly Until that happens — those 316M shares cannot legally trade. Period. 7. TL;DR Summary Yes, 316M new shares were issued. No, they aren’t publicly tradable yet. The real float right now is ~60–70M shares. Short interest relative to tradable float is still massive (80–100%+). SEC resale registration or Rule 144 expiry (April 2026) is the trigger for those shares to unlock. Borrow rates + low availability confirm the float is still tight. 8. What Happens Next? There are two possible outcomes in the near term: 1. SEC Resale Filing Appears: • Float expands dramatically. • Shorts breathe easier short term. • Stock may dip before stabilizing. 2. No Resale Filing Yet: • Float stays restricted. • Borrow costs remain high. • A squeeze remains possible on technicals and pressure. Either way, this is a data mismatch, not a conspiracy. The filings, timing, and mechanics explain every number on the screen. 9. Final Takeaway This isn’t a meme. It’s just complex SEC timing meets high short exposure. The new shares are locked by law under Rule 144 and aren’t part of the tradable float yet. That’s why IBKR, Fintel, and Ortex can all show different “truths” — because they’re measuring different buckets of shares. So ignore the Twitter hysteria. Until the SEC resale registration goes live, the real float is still tight, shorts are still cornered, and volatility remains extreme.

benjhg13

I commented elsewhere saying this was wrong but you are in fact correct. Thanks for bringing this to my attention, I glazed over the CUSIO DTC transfer. I guess now the only hope for BYND to go up is if the 316mill dilution was already priced in at $0.50.

tpg2191

> Believe it or not, I posted these comments on another post on wallstreetbets a few days ago and the moderators deleted it. I don't understand why because the Due Diligence is clear, logical, and cited. It’s probably because your due diligence is factually incorrect. > In the above image, that lock up restriction is in reference to the agreement made on those shares, as detailed in their 8-k filing The shares are definitely freely tradable now that the lockup agreement is over. BYND announced this themselves the day after the 8k you referenced. Initially the exchanged shares were in a Conta CUSIP which had restrictions and then were transferred to the regular CUSIP which could be traded after October 17th. https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock “The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above. With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period. **New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.**”

Key_Dog_8793

This is a well sourced read on the scenario. I think there's fud in every direction. This isn't even beneficial as OTC to hedge funds because shorts can only be covered by DTC eligible registered securities. So either they submit an S3 to register them, or rule 144 plays out time. This will be obvious to see and have a timeline per sec data.

Super_Rush7926

Bro look at the Days to Cover… 0.05 DTC is terrible if you are looking for a short squeeze

UnbrokenChill

BYND is dead. No way this squeezes again. RSI 50 DTC 0.32 Short interest 39% Volume still insanely high. Institutional ownership: 3% There's and argument for a recovery play, but the short squeeze thesis is gone imo

No-DD-Just-Vibes

Apparently those retards think it's gonna squeeze with 0.04 DTC 😎

PhD_Ric

No, eBay is not doing well. They are being too greedy with sales fees and everyone is leaving the platform to sell DTC or through fbm

MaxReddit2789

Absolutely inaccurate All 316m shares became sellable starting Last Friday when the Short post settlement agreement lock-up ended (could have taken 1 business day, so, until this Monday yo get them deposited at DTC) Close to 40% of these were actually sellable as of October 16 The thing is, the noteholders have been extremely patient in their selling They needed 3$ to recover their investment, but they definitely went for 1.5-2x that, so made 500m$-1B$ profit (if they sold everything)

tpg2191

Look at the 13D filings, it’s just the BYND common share Cusip. Plus it was already announced that the contra cusip was already converted https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meat-announces-release-500-pm-new-york-city-time-lock “The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above. With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period. **New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants. **“

fatitude

The idea of a short squeeze is for institutional shorts to buyback and cover their positions causing price to squeeze. Days to cover = DTC. Prior to reddit hype, it would have taken 8 trading days for shorts to cover their position. People tend to use DTC with an "overshorted" stock to assume: Institutions shorting the stock will be paying so much in borrowing fees over 8 trading days that they eventually have to start covering their position which will drive price up. But increased volume does 2 things, it decreases the borrow rate and DTC in favor of shorts. For an institution to cover their shorts, they have to find a seller. With daily volume increasing from 30M to 1B, there is an abundance of supply (sellers) that shorts can buy to close their positions. What would have taken them 8 days to cover only takes them 2 hours to cover now. We've had 2 full trading days of price action at elevated volume, what are the chances shorts have already covered to avoid millions/billions of loss?

Opposite-Occasion881

Their DTC test sold out in an hour

Opposite-Occasion881

Their DTC test for beyond steak and ground beef sold out in an hour You’re just not the target demographic

Opposite-Occasion881

Their DTC test sold out in an hour

Arizenheimer7

You do know days to cover doesn't work like that? It's not an *absolute* metric it's relative based on the amount of shares short and the average volume. You prob know that already but this reply makes it seem like you think there's no way that they could cover over in 8 days. Which they absolutely could (a bunch of different scenarios could make this possible) no matter what DTC says. Not tryna be a wet blanket just wanna make sure that anyone who might not know this doesn't go all in just based on DTC and get rekt.

According_Revenue_65

If BYND volume stays around **100 million/day for the next 3 days**, the short-interest ratio (DTC) will climb toward **0.4–1.0 days**. That makes it **3-8× harder** for shorts to exit smoothly. If price holds above \~$2–3 during that period, tension builds fast — the perfect setup for the next squeeze wave.

According_Revenue_65

If BYND volume stays around **100 million/day for the next 3 days**, the short-interest ratio (DTC) will climb toward **0.4–1.0 days**. That makes it **3-8× harder** for shorts to exit smoothly. If price holds above \~$2–3 during that period, tension builds fast — the perfect setup for the next squeeze wave.

Lagoon___Music

The stuff he posted about their DTC channel on X most recently is hilarious. I help food brands like beyond with ecommerce for a living and he is massive overblowing the results of their DTC efforts, it's scale, and what it takes to be successful. I'm in deep in this run but I just thought that was a hilarious thing for him to highlight

No-DD-Just-Vibes

0.23 DTC 🤡

kanadabulbulu

They had 36% available right away, and market priced not just that in pretty much everything in two days, thats why price went 80% down in couple of days. DTC and cusip clearance can take half day or less or full day, depending on firm. Since debtors are bunch of institutions, i think full day would be the case. BM post announcements for Monday, they know Monday would be very important day for the stock , 120 RS lock up gives debtors lots of room to play they have time ...even 120 180 period shows debtors know something we dont know, we r betting entirely on assumptions. We will see on Monday if debtors will play along until 2.87 or dump this stock to oblivion next week ...I agree with OP deal debtors agreed is very bad if they r ok with 650m loss . Don't forget they lend them at 0%. So their loss would be even greater if they dump it.

MaxReddit2789

Are you sure DTC clearance takes a day? When I see Effect Forms for S-3, the very same day of the Effect form there is usually a huge dumping, which would imply the shares were already DTC as soon as the S-3 became effective. Don't see how that lock-up provision ending would be any different

kanadabulbulu

no they are not cleared , they have to clear CUSIP and DTC which takes a day , so they will be ready to dump fully on Monday ... i honestly think they dump what was available until today specially yesterday , so they can join the pump game ...if this goes anytime over 1$ i think they will dump slowly to extend 120 180 days window , they know company got max 1 year to survive and they have time for SS games ...they watch this subs too ...they know everyone talking about BYND and they see the volume ...so your game might pay off but holy shit its volatile as fuck ...

kanadabulbulu

ur calculation purely on debtors recovering their 906M loan idea ... i agree today is the pump day , but how are you so sure they will not start dumping on Monday once they are cleared to go after cusip DTC?

kanadabulbulu

this all comes to debtors , are they going to dump this or wait for recovery , they have plenty of time 120 days until RS limit ... another thing is they are free for any of their share lock up by yesterday 5pm . so they have to clear cusip DTC today , Monday will be the verdict day for this stock , dead or alive another 120 days ... it might also slowly die if debtors sell off everytime it goes up ... but at this moment they can wait for SS and join the pump and dump game , super volatile days ahead ...i dont think it will see 2.87 , i see your calculation and it might be correct but its pure speculation and belief , nothing fundamental is backing ... lets see how it rides ... todays afternoon will be bloodbath on this stock ...bears are strong bulls are convincing debtors are watching on the side ....

stjohnbs

The foregoing lock-up restrictions expire today at 5:00 p.m., New York City time, and, thereafter, holders of New Shares will be permitted to sell any and all of the New Shares received in the Exchange Offer without the contractual restrictions imposed by the lock-up provisions described above. With the exception of the Freely Tradeable Shares, the New Shares were issued into a Contra CUSIP (CUSIP NO. 088ESCAA6) intended to restrict the trading of such security for the duration of the lock-up period.   New Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants.

CorvetteCole

yeah at the moment DTC is LTE. I'm not convinced this really matters though. realistically, ASTS can't even max out LTE speeds yet

fa113

Holders of New Shares subject to the Contra CUSIP will no longer be contractually restricted from transferring such common shares following 5:00 p.m., New York City time, on October 16, 2025. Shares subject to the Contra CUSIP are expected to be allocated into the unrestricted CUSIP for the Company’s shares of common stock (CUSIP NO. 08862E109) over the course of the day on October 17, 2025, subject to the procedures of the Depository Trust Company (“DTC”) and of DTC participants. https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meat-announces-early-tender-results-and-early-settlement

AmericanScream

> Isn't it just essentially a digital commodity like gold? #Crypto Talking Point #10 (value) "**Bitcoin/crypto is a 'store of value'**" / "**Bitcoin/crypto is 'digital gold'"** / "**Crypto is an 'investment'**" / "**Bitcoin is 'hard money'**" / "**Bitcoin has value because of the 'Network Effect'**" 1. Crypto's "value" is unreliable and highly subjective. It cannot be used as a currency or to pay for almost anything in any major country. It has high requirements and risk to even be traded. At best it's a speculative commodity that a very small set of people attribute value to. That attribution is more based on emotion and indoctrination than logic, reason, evidence, and utility. 2. Crypto is too chaotic to be any sort of reliable store of value over time. Its price can fluctuate wildly based on everything from [market manipulation](https://arxiv.org/abs/2108.10984) to [random tweets](https://www.sciencedirect.com/science/article/abs/pii/S0040162522006333). No reliable store of value should vary in "value" 10-30% in a single day, yet many cryptos do. 3. Crypto's value is *extrinsic*. Any "value" associated with crypto is based on popularity and not any material or intrinsic use. See this [detailed video debunking crypto as 'digital gold'](https://www.youtube.com/watch?v=tspGVbmMmVA&t=4446s) 4. Even gold, while being a lousy investment and also an undesirable store of value in the modern age, at least has material use and utility. Crypto does not. And whether you think gold's price is not consistent with its material utility, if that really were the case then gold would not be used industrially. But it is. 5. The supposed "value" of crypto is based on reports from unregulated exchanges, most of whom have been caught [manipulating the market](https://www.cftc.gov/PressRoom/PressReleases/8369-21) and [inflation introduced by unsecured stablecoins](https://www.cftc.gov/PressRoom/PressReleases/8450-21). There's nothing "organic" or "natural" about it. It's an illusion. 6. The operation of crypto is a negative-sum-game, which means that in order for bitcoin/crypto to even exist, there must be a constant operation of third parties who must find it profitable to operate the blockchain, which requires the price to constantly rise, which is mathematically impossible, and the moment this doesn't happen, the network will collapse, at which point crypto will cease to exist, much less hold any value. This has already happened to tens of thousands of cryptocurrencies. 7. The "Network Effect" argument is just the [Appeal to Popularity Fallacy](https://en.wikipedia.org/wiki/Argumentum_ad_populum) - Just because something is popular does not make it inherently valuable. Especially if that popularity is primarily based on marketing and coercion and not actual material utility or intrinsic value. 8. Many of the most trusted, most successful entities in the world of finance do not consider crypto/bitcoin to be a reliable store of value. Crypto is [prohibited from being used as collateral by the DTC](https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf) and respectable institutions such as Vanguard [do not believe crypto belongs in their investment portfolio](https://investor.vanguard.com/investor-resources-education/article/cryptocurrencies-and-vanguard-what-we-think). 8. There is not a single example of anything like crypto, which has no material use and no intrinsic value, holding value over a long period of time across different cultures. This is **not** because "crypto is different and unique." It's because attributing value to an utterly useless piece of digital data that wastes tons of energy and perpetuates tons of fraud,*makes no freaking sense* for ethical, empathetic, non-scamming, non-exploitative, non-criminal people.

Bailey-96

Definitely does have some squeeze potential, 12-19% short float, DTC 2-4.5. Not the biggest squeezer but this stock can move very quickly still.

NikoDank-Cannara

No foreign settlement fee now we are DTC eligible

NikoDank-Cannara

It’s done ✅ we are DTC éligible apologize for the wait

icehole505

So far I’ve seen multiple links in multiple different subs referencing things. Not a single one of them has included the term TrumpRx. And none of them even reference the concept of a DTC government operated marketplace. Where are these headlines even coming from?

Pristine-Dog-2263

The CEO just posted about Drivebuddy working on DTC buses. The product doesn’t look very polished, it seems like a beta. But it is being used, and that’s good. An upgrade would be needed to make it look better. Thoughts?

No_Love_Gained

CWEB, HITI (they own 2 DTC CBD brands in the US), and GTII will be my play.

Armaanwadhwa

Dragonfly Energy DFLI is positioning itself as a significant player in the energy storage sector, particularly through its Battle Born Batteries® brand. The company has made strategic moves to enhance its commercial adoption and establish a competitive moat. ⸻ 🛠️ Commercial Adoption Strategy In 2025, Dragonfly Energy shifted its focus from direct-to-consumer (DTC) retail to a business-to-business (B2B) and original equipment manufacturer (OEM) model. This transition aims to achieve scalable growth and improved margins. In the second quarter of 2025, OEM sales grew by 50.6% year-over-year, while DTC sales declined by 9%. This strategic pivot has led to a 430 basis point improvement in gross margin, reaching 28.3%, and a reduction in adjusted EBITDA loss from $6.2 million to $2.2 million, indicating a path toward profitability . The company has secured partnerships with notable OEMs, including Airstream, Stevens Transport, and Stryten Energy. These alliances have expanded Dragonfly Energy’s market reach without incurring significant production costs, mirroring scaling models employed by companies like Tesla . ⸻ 🏗️ Competitive Moat Dragonfly Energy has developed a robust competitive moat through several key differentiators: • Proprietary Technology: The company has patented its dry electrode manufacturing process, which eliminates the need for toxic solvents and enables more sustainable, cost-effective battery production. This innovation has been recognized with the 2025 ‘Battery Tech Company of the Year’ award . • Intellectual Property Portfolio: Dragonfly Energy holds approximately 100 filed, pending, or granted patents, including the Wakespeed® Charge Control technology, which facilitates high-power vehicle-to-trailer charging . • Brand Recognition: The Battle Born Batteries® brand has established a strong presence in the RV and off-grid markets, with over 400,000 units delivered to date . • Strategic Licensing Agreements: The $30 million licensing agreement with Stryten Energy allows for the distribution of Battle Born Batteries® in new markets, including military, automotive, marine, and power sports sectors . ⸻ 📈 Financial Performance In the second quarter of 2025, Dragonfly Energy reported net sales of $16.2 million, a 23% increase year-over-year. The company achieved a gross profit of $4.6 million and improved its adjusted EBITDA to a loss of $2.2 million, demonstrating progress toward financial stability . ⸻ ✅ Conclusion Dragonfly Energy’s strategic shift to a B2B and OEM model, coupled with its proprietary technologies, strong intellectual property portfolio, and strategic partnerships, positions the company for sustained commercial adoption and growth. These factors contribute to a competitive moat that enhances its prospects in the energy storage industry.

clusterbug

Hey, if I may ask, where do you trade UURAF? A while ago I tried to buy in on Ibkr, but I got “No Opening Trades: DTC Chilled or Ineligible”

Maleficent-Baby4543

roots profitable, and their margins will continue to get better. You can’t really say they have better ways to reducing expenses if they haven’t really proven it yet.  Also, the reason why root will grow at a multiple of lmnd is due to distribution. Lmnd is capped with DTC, meanwhile roots partnership strategy allows to infinitely stack partners with 0 upfront, which allows them to grow exponentially. If it wasn’t clear today, it’s going to get even more clear for root as the quarters go along.

Maleficent-Baby4543

roots profitable, and their margins will continue to get better. You can’t really say they have better ways to reducing expenses if they haven’t really proven it yet.  Also, the reason why root will grow at a multiple of lmnd is due to distribution. Lmnd is capped with DTC, meanwhile roots partnership strategy allows to infinitely stack partners with 0 upfront, which allows them to grow exponentially. If it wasn’t clear today, it’s going to get even more clear for root as the quarters go along.  

justbrowsinginpeace

You have mega custodians/trust banks like BNY. They hold secruities in DTC etc on behalf of brokers and banks, as well as other custodians from overseas. 80% of all t-bills and other US debt is held at BNY. They are not going bankrupt, because they can't. They big banks all have "living wills" to avoid a repeat of Lehman so in the unlikely event they shut down, the assets have a disposal/transfer plan. Holding assets on exchanges via nominees and custodians is as old as money itself. Digital certs and all that other bollox are a solution for a problem that doesn't exist. It would be an operational nightmare that would be rampant with fraud and theft. It has never been easier or quicker to access stocks or get your money back. Personally having worked in this space for 25 years there are some trading platforms I wouldn't go near but the risk is well known to regulators and is enforced stringently.

jetty_life

https://share.google/Kfd8gzkL83rNW8dfN "The largest revenue stream – with over 40 billion U.S. dollars – was the entertainment business. This segment includes linear networks, direct-to-consumer (DTC) business and content sales and licensing. The DTC operations comprise of the company's streaming services such as Disney+, Disney+ Hotstar, and Hulu."

mp0295

But you are still planning to hold US securities? I'm not sure what your objective is then if that is your concern. Even if you use the direct registration system of DTC, your ownership is ultimately just an electronic entry which can changed if the law goes out the windows.

Prestigious_Meet820

It's hard to say, you're right from a historical standpoint and it has been trading between $90-$120 for three or four years, but I think there will be a point in which it runs. I've been slamming by at $90ish and selling around $120 and have done so three times. I've held a core position in DIS for over 30 years now (I even have paper certs). It hasn't really done well over time but it's only a small part of my portfolio and is more sentimental. The most important aspect to follow is DTC and it has been improving. Dropping late night shows from linear is modestly bullish because they are losing money/not much. When there was a proxy fight with Peltz he claimed by 2028 DTC will match NFLX margins. In my opinion this is a really big deal, especially if it matches growth numbers.

Least-Cup79

RemindMe! 1 year Stock is having a solid year. Yes, DIS took on tons of debt during Covid 5 years ago. I like the stock. Disney + is finally profitable. They have a stranglehold on live sports unlike any time I can recall and it will be DTC. The new Abu Dhabi park they're putting up essentially nothing for. Reddit is always wrong.

kinggianniferrari

He's shorted earlier than recently. I think he fails to realize although the DTC has gone down, the short float is still very high. Which is driving this constant push upwards.

SouthKen2020

DTC isn't a sticker, it's referring to direct to consumer offerings.

Furlz

A.i overview --- 📊 Key Short Squeeze Metrics (from Fintel): Short Interest: 75.3 million shares Short Interest % of Float: 38.91% → 🔥 Very high Days to Cover (DTC): 7.10 days → 🟠 Moderately high Off-Exchange Short Volume Ratio: 42.12% → 🔥 High dark pool activity --- 🧠 What This Means: Metric Implication >30% Short Float Strong pressure; very few stocks have this much of the float shorted. Classic squeeze setups often start above 20–25%. 7.10 DTC Shorts would take a week of average trading volume to fully exit their positions. The higher this is, the more explosive a rally can be if buying volume spikes. 42% Dark Pool Short Volume Suggests stealth shorting by institutions—could mean they're either very confident or overexposed. Adds intrigue to squeeze potential. --- 🚨 TLDR: > Yes—this is very much a short squeeze candidate. It checks all the boxes: high short float, high DTC, and significant dark pool shorting. If the stock gets positive news, breaks a technical resistance, or attracts retail/institutional buying, this could quickly snowball.

fastlapp

ha, these guys are the ones which closed their deal after their deadline without holding extension vote and associated redemption. So they had to conduct a post-close tender offer for cash in trust after ticker change. DTC instructions were sent to ALL PFSA shareholders. I bought 1 share at 75 cents and redeemed at my broker, but ofc it was rejected a few weeks later.

therealkeeper

It's honestly both it's a viable company that has been recognized by investors. It also has large short interest with >1 DTC Rare meme stock that continues post meme. Took profits literally 4 times now continuing to stock up on leaps

therealkeeper

Remember when the people saying we who pushed for $OPEN were the ones who were bots? A viable company who has even more short interest now with less DTC than when it pumped? Man I pity you who bought into the bot campaign to dump it. You can literally check Reddit accounts with one click..

slimkay

> However, I believe the risk applies to all major retailers and the new tariffs would eventually get passed on to consumers with the price of their goods raised It does but remember that LULU is a DTC-focussed company while NKE is a wholesale dominated brand. NKE's bulk orders into the US were already capturing duties, etc. While LULU took full advantage of the de minimis exemption by setting up its US e-commerce distribution from Canada and shipping individual orders from there, a lot of which will now have to pay duties when imported in the US. No wonder LULU management guided to a 170bps decline in gross margin for FY25 (ending Feb 2026) from the removal of the de minimis exemption.

CorgNation

Some people think Walmart is the only retailer in America and don’t realize many of the DTC brands they love use this strategy and are going to take a hit once their inventory runs out (from mass pre-staging mitigations earlier this year).

Effective-Emphasis-4

I max tax withheld all year with each paycheck, chip away at the Roth, usually overtime or third paycheck and DTC my taxable account. Sometimes I'll eat ramen for 3-6 months and pump up an individual stock I like. At the end of the year both tax advantaged brokerages are maxed and 7% is contributed to a pension. 

Creative-Cranberry47

ROOT didn't give up DTC! they just decreased marketing expenses. a majority part of their book is still from DTC in q2. though their partnership channel tripled YoY. its growing linearly. its growing like a weed

wombatnoodles

I am heavy into SPRY. I’m hopeful their DTC campaign will result in improved guidance… we’ll see

Frequent_Finance3904

# DeFi Technologies Identifies Share Ownership and Depository Imbalances, Escalates Trading Review to Protect Shareholder Interests Join the Discussion:$DEFI.NEO-11.25%$DEFTF.US-6.25% TORONTO, Aug. 12, 2025 /CNW/ - DeFi Technologies Inc. (the "**Company**" or "**DeFi Technologies**") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance  (**"DeFi"**), today announced a key update on its ongoing shareholder intelligence and market transparency initiative launched in June 2025 in collaboration with Shareholder Intelligence Services, LLC ("**ShareIntel**") and Urvin Consulting LLC ("**Urvin**"). As part of this initiative, DeFi Technologies has been closely monitoring both market and non-market activity related to its common shares across the various marketplaces where they are listed, as well as among financial institutions whose clients hold or trade common shares of the Company. Preliminary findings have identified notable imbalances between the number of shares reported for beneficial owners by proxy servicing firms and the number of shares recorded at the relevant depositories, including the Depository Trust Company (DTC) and the Canadian Depository for Securities (CDS). While minor discrepancies can occur during normal operations, the Company has observed disproportionate and persistent differences over selected periods that warrant further investigation. DeFi Technologies has contacted the parties involved to request reconciliations and explanations for these discrepancies. If satisfactory resolutions are not provided, the Company is prepared to escalate the matter. "As fiduciaries for our shareholders, we are obligated to safeguard the integrity of the trading of the Company's common shares across all trading venues," said Olivier Roussy Newton, CEO of DeFi Technologies. "These findings underscore why we engaged ShareIntel and Urvin—to detect, investigate, and address potential irregularities that may impact our investors. We will pursue answers and, if necessary, escalate the matter." The Company views vigilance in monitoring trading and settlement data as a critical component of shareholder protection. DeFi Technologies will continue to work with ShareIntel and Urvin to investigate such imbalances and engage directly with market participants to ensure transparency in reporting.

SuperSultan

So if you sold 5 puts did you end up buying 500 shares or did you only pay the options premium for someone to sell the stock to you for less? We’re in a “redneck recession” at the moment but sales will pick up as usual during the holiday season especially once this tariff terrorism wraps up. People get excited over Lululemon compared to other brands. It’s better quality. They have their own BRAND AMBASSADORS in addition to DTC model where they have their own stores. Nike failed at this recently. There are tons of videos of people trying to find it in thrift stores or they will even buy it secondhand. Vuori, Nike, Adidas do not have this brand power.

indycpa7

I work in a DTC business, PayPal is dying but AFRM transactions growing double digits month over month

AmericanScream

> The system doesn’t need to collapse for gold and bitcoin to take a larger share of the market #Stupid Crypto Talking Point #10 (value) "**Bitcoin/crypto is a 'store of value'**" / "**Bitcoin/crypto is 'digital gold'"** / "**Crypto is an 'investment'**" / "**Bitcoin is 'hard money'**" 1. Crypto's "value" is unreliable and highly subjective. It cannot be used as a currency or to pay for almost anything in any major country. It has high requirements and risk to even be traded. At best it's a speculative commodity that a very small set of people attribute value to. That attribution is more based on emotion and indoctrination than logic, reason, evidence, and utility. 2. Crypto is too chaotic to be any sort of reliable store of value over time. Its price can fluctuate wildly based on everything from [market manipulation](https://arxiv.org/abs/2108.10984) to [random tweets](https://www.sciencedirect.com/science/article/abs/pii/S0040162522006333). No reliable store of value should vary in "value" 10-30% in a single day, yet many cryptos do. 3. Crypto's value is *extrinsic*. Any "value" associated with crypto is based on popularity and not any material or intrinsic use. See this [detailed video debunking crypto as 'digital gold'](https://www.youtube.com/watch?v=tspGVbmMmVA&t=4446s) 4. Even gold, while being a lousy investment and also an undesirable store of value in the modern age, at least has material use and utility. Crypto does not. And whether you think gold's price is not consistent with its material utility, if that really were the case then gold would not be used industrially. But it is. 5. The supposed "value" of crypto is based on reports from unregulated exchanges, most of whom have been caught [manipulating the market](https://www.cftc.gov/PressRoom/PressReleases/8369-21) and [inflation introduced by unsecured stablecoins](https://www.cftc.gov/PressRoom/PressReleases/8450-21). There's nothing "organic" or "natural" about it. It's an illusion. 6. The operation of crypto is a negative-sum-game, which means that in order for bitcoin/crypto to even exist, there must be a constant operation of third parties who must find it profitable to operate the blockchain, which requires the price to constantly rise, which is mathematically impossible, and the moment this doesn't happen, the network will collapse, at which point crypto will cease to exist, much less hold any value. This has already happened to tens of thousands of cryptocurrencies. 7. Many of the most trusted, most successful entities in the world of finance do not consider crypto/bitcoin to be a reliable store of value. Crypto is [prohibited from being used as collateral by the DTC](https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf) and respectable institutions such as Vanguard [do not believe crypto belongs in their investment portfolio](https://investor.vanguard.com/investor-resources-education/article/cryptocurrencies-and-vanguard-what-we-think). 8. There is not a single example of anything like crypto, which has no material use and no intrinsic value, holding value over a long period of time across different cultures. This is **not** because "crypto is different and unique." It's because attributing value to an utterly useless piece of digital data that wastes tons of energy and perpetuates tons of fraud,*makes no freaking sense* for ethical, empathetic, non-scamming, non-exploitative, non-criminal people.

Educational_Pop6138

That app store recently took a big hit. The courts ruled they can't put limitations on external payment methods nor charge a 'levy' on the external payment. Some of the gaming companies I follow are going massively DTC on the back of this.

Zestyclose-Storm-270

Proposal and Meeting: The company proposes a reverse stock split and schedules a shareholder meeting to vote on the proposal at a later date . 2. Proxy Materials: Shareholders receive proxy materials (like a definitive proxy statement), which include the reverse split proposal and other relevant information, before the meeting. 3. Shareholder Vote: Shareholders vote on the proposal at the designated meeting. 4. Board Decision: If the proposal is approved, the board of directors then decides when the reverse split will actually take place. 5. Effective Date: The reverse split becomes effective on the date chosen by the board, and the stock begins trading on a split-adjusted basis. 6. Additional Considerations: Companies also need to consider other factors like notifying the stock exchanges and the Depository Trust Company (DTC) about the reverse split.

SPaniardz

What's the DTC?

FrangosV

I think it’s very rational! How do you define days to close and the multiplier on the right ?? %of time is DTC/DTE right ?

Squeeze-Finder

A) it's a huge company with a huge float, so you need billions of $ to flow in quickly to get it moving. B) it's only around 2% short interest C) DTC isn't the best metric, because volume will spike tremendously during a squeeze and something with a DTC of 6 can actually get fully squeezed in like an hour. I look at DTC to tell me if the play is fresh or not - but I don't really look closely at the actual DTC value...

Joethetoe00

I can't.. it's not a trading permissions thing either as far as i can tell. Submitted a ticket asking for information on why and god knows where that went. >Trading Restricted >No opening Trades: DTC Chilled or Ineligible

Brawlfan1412

70% SI, 5.3 DTC So can we all buy RKT?

deffrosy

You're right that HIMS is operating in a legally sensitive space, especially with how they distribute GLP-1s and other prescription treatments through a DTC model. But based on their disclosures, they’re very deliberate about staying within FDA and telehealth guidelines. They’re not doing anything “black market”. They work with licensed physicians and pharmacies in every state where they operate in. Appreciate you raising it, definitely a risk worth watching.

Th3HappyCamper

Isn’t the DTC like one day and borrow % is like 3%?

SPaniardz

If you scooped some $DNUT at $5, you’re frosting up about a 20–30% pre-market. this could really run the needle. Remember, don’t bet the bakery, but be ready to grab 30% profit at $10. This is a multi-day event with 6 DTC!

Blotter-fyi

They absolutely are which is why I've also added the days to cover. Typically, there's a correlation between short/total shares and the days to cover. So if DTC is higher, then short as percentage of total shares should be high too

Plane_Platypus_379

Yeah you guys are spot on with this one that's why I put in that order. Checked the fintel data, 9+ DTC. This thing is a monster if it gets unleashed.

TheCursedMountain

32% 6DTC

infoisknowlege

Hubc is moving on low volume past week abat and sldp have been gaining momentum lxrx 4$ price target sclx heading for 9$ bitf holding above 1$ kulr just broke 7$ go pro trying to test 1$ again lwlg pushing towards 2$ optx news about use in rockets and space pushing 2$ DTC is interesting no longer a penny dropped down to 10 cents went to OTC did an rs now back on nyse had a nice run last week looks to be holding above 20$ just a couple I'm playing

infoisknowlege

Abat sldp iinn bitf lwlg sclx lxrx watching bctx after offering ctm been holding since 15 cents long term play hubc has been heating up over 1$ the past week go pro looks to be trying to reach 1$ again after getting rejected. Vlcn nuwe negg and DTC have been great plays after there rs. DTC was 10 cents and went to the OTC it hit 30$ Friday and back trading on nyse after hours bid ask spread was 10$and 27$ that's a big spread.

infoisknowlege

Also DTC went all the way down to 10 cents went to the OTC did an rs hit 30$ Friday back off OTC and trading on nyse again low volume is been a great play. The bid ask spread is crazy also

ShinigamiXoY

Cant trade it on interactive brokers, DTC chilled

MauricioCappuccino

Also has a DTC chill Lol. At least on IB

Jotunn1st

Are you a moron? I was literally not allowed to sell this morning. I spoke to my broker. They said the DTC had not allocated shares yet. Fucking morons with the constant "pump and dump" talk. Who pumped and dumped genius? Insider shares locked up. Who then moron?

Jotunn1st

Dude, this has massive manipulation going on. Brokers have restricted trading and blaming the DTC. It's gme part 2.

Jotunn1st

Fidelity blaming it on DTC, said shares haven't been delivered yet. Pure criminal activity. Gme part 2.

SPaniardz

I might put a little money in it, but with a DTC<3, it is hard to ignore. Consequently, they can escape the trap easier.

wickedbeats

Definitely not. Here are two graphs showing the difference between Starlink Direct to Cell MNO partners/subscribers, and ASTS direct to cell MNO partners and subscribers. https://x.com/spacanpanman/status/1936017891482050655?s=46 Strange, since Elon cuck boys think Starlink has the better DTC tech already in service, while ASTS hasn’t even begun commercial services. Starlink Direct to cell doesn’t work and the MNOs know it. Total addressable market for ASTS: 3.2 billion people. Total addressable market for Starlink DTC: 285 million people

MitchCurry

I think the potential (albeit unlikely in my opinion although I'd personally support it) ban on DTC pharma ads is at least part of the reason why.

Icy_Professional3564

Doesn't DTC own the stocks anyway?  Fidelity just keeps track.  So worry about their ability to remember what you own.

MrJaMane

The transfer agent only knows Cede and Co as the holder. Cede and Co (parent corporation for DTCC) keeps stock record for all DTC Participants (brokerage houses).

EggIsGettingRekt

RECX is showing early-stage growth with improving DTC lead velocity, likely driven by targeted marketing. If conversion rates hold and dealership interest materializes, this could indicate a strengthening sales funnel. Watching for sustained volume and follow-through.