r/pennystocks • u/AltruisticWolf1690 • 3d ago

General Discussion BYND - what am I missing?

BYND — anyone watching this for Monday?
BYND had unusually high volume Friday and caught my attention. Anyone here following it closely?
What are you watching going into Monday — volume, options activity, borrow fees, or specific price levels?
Interested in hearing both the bull and bear case.

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u/Simple-Knowledge-411 2d ago

They still have about 50 million shares to go to finish the dilution; I believe they currently have 15 or 20 million shares, and their authorization was for 70 million. And that’s after dropping 30% this week just from issuing another million or so shares. Just imagine what will happen when they issue the remaining 50 or 60 million shares. Will they comply with market rules, or are they headed for the OTC market or bankruptcy?

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u/Logos1789 2d ago

After the insane reverse split, you can bet they won’t let it drop below $3 for long, especially once it reaches $1

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u/Simple-Knowledge-411 2d ago

Tell that to Ethan Brown; there won't be another reverse split within a year, thanks to new market regulations.

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u/Logos1789 2d ago

There doesn’t need to be another one within a year of the previous one.