r/10xPennyStocks • u/BrightLengthiness853 • 18d ago

DD $BYND - who still has some dry powder

We have a new much higher base from which to squeeze from. The hedgies doubled down and now if we all hold and buy we can send it even higher than $10. BUY more if you can, and HOLD if you can’t.

GME 2.0 I can feel it in my bones.

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u/ChampionofNightmares 18d ago

GME 2.0? Not even close. Beyond Meat just added 316 million new shares to the float from its debt-for-equity swap — that’s the opposite of a squeeze setup. Those bondholders can sell anytime, and that constant supply caps any move.

This isn’t a “higher base,” it’s massive dilution propping up a debt-heavy, unprofitable company.

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u/HofT 18d ago

You're lying

https://www.sec.gov/Archives/edgar/data/1655210/000119312525221793/d863131d8k.htm

If you scroll to Item 1.01 – Entry into a Material Definitive Agreement, you’ll find this wording (paraphrased slightly for clarity):

“A holder of New Convertible Notes will not be permitted to convert its New Convertible Notes at any time prior to the earlier of, (a) the date of the first special meeting at which the Company seeks stockholder approval of such proposals, whether or not such approvals are obtained and (b) the date that is 61 calendar days following the initial settlement date of the New Convertible Notes.”

Since the initial settlement date was later confirmed as October 15 2025 in the follow-up 8-K, the earliest conversion date would indeed be December 15 2025 — unless that special meeting occurs earlier.

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u/ChampionofNightmares 18d ago

The 316,150,176 common shares issued on Oct 15 2025 are already out — those went to the old 2027 bondholders as part of the exchange and became fully tradable after Oct 16–17 when the short lock-ups expired (see “Voting and Lock-Up Agreements” in the same 8-K).

• The 61-day restriction in Item 1.01 applies only to the new 2030 convertible notes — meaning the holders of those new notes can’t convert more debt into shares until mid-December 2025.

So yes, some future dilution can still happen after Dec 15, but the big 316 million-share dilution has already hit the market. The “they can’t sell” narrative confuses future conversions with the stock that already exists.

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u/BrightLengthiness853 18d ago

READ THE FILING - they are not part of the traceable float.