Beyond Meat (BYND) – Insiders and “original investors” are selling

Insiders and “Original Investors” are cashing out. Better sell this soon before this craters. Please do not loose your money. (I am NOT short BYND and as a customer want this company/sector to succeed).

The lockout period was supposed to end in October, but insiders could not wait out the sky high valuation. Why do they need a secondary offering, few months after IPO.

Too many red flags.

finance.yahoo.com/news/beyond-meat-announces-proposed-public-202205407.html

www.marketwatch.com/story/beyond-meat-earnings-show-big-sales-gains-stock-wavers-in-late-trading-2019-07-29

Their IPO in May was 9.6M shares for $25/ shares. (around $250M).

Now in July in 2 months insiders are selling 3M shares and company is offering 250k shares as a secondary offering.

Why couldn’t the insiders wait till October – original lockout date?

This is insiders bypassing the lockout period by issuing a secondary offering. Huge red flag.

www.nasdaq.com/markets/ipos/company/beyond-meat-inc-977310-88416
www.marketwatch.com/story/beyond-meat-earnings-show-big-sales-gains-stock-wavers-in-late-trading-2019-07-29

h/t meditationLearner

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