This post will be talking about a ticker called BBIG or Vinco Ventures. BBIG is a acquisitions company in the social media/advertisement sector. BBIG has experienced some extreme volatility in the last year as it has been shorted around a third of the float (sharesoutstanding=no more then 250mil, mkt cap is $512mil I believe). Stock is sitting at around $2. If it wasn’t shorted it would be at $10, but with recent stuff obviously that won’t happen. BBIG has acquired a company called Lomotif which in simple terms think Tik Tok, now we all know how addictive that app is, but it is banned in lots of parts of the world because no one trusts the Chinese government. Now Lomotif isn’t banned like tik tok in some big markets. They, in a reverse merger acquired Lomotif which was valued in the ball park of $4-6 billion, and has been doing well in the growing markets of India as they sponsored events such as Diwali and now a cricket match that is said to bring in $6bn in revenues. With this information is already seems like steal right? Well they’re also doing a Spin off dividend. Meaning every 10 shares of BBIG you own, you get 1 share of the new company they’re starting called cryptyde, ticker:TYDE. A big and upcoming crypto company, when you own the BBIG shares and get a free TYDE share it’s like owning it at $0.000 and when you sell its tax free, meaning free money. Tik tok in the limited markets is worth $50bn as of last November, and their parent company is worth $400bn. So their is a lot of room for Lomotif to grow as it jumps into new markets. And so will BBIG as they expand.
TLDR:
– BBIG is an acquisitions company
– They got in a reverse merger Lomotif, a tik tok type app valued at $4-6bn
– BBIG’s market cap is still low at $500mn
– Lomotif isn’t banned in the parts of the world that tik tok is, and are hosting the cricket match in India, said to generate $6bn in revenue
– BBIG is giving a dividend where ever 10 shares you own you get 1 share of TYDE, a crypto company. When you get TYDE through the dividend it’s like owning at $0.000 and is tax free
– BBIG is shorted for 38 million shares
-Is seen as a large growth stock.
THIS IS NOT FINANCIAL ADVICE JUST WHAT I HAVE FOUND, do your own DD.
Also just saying this was made at 12:15am by a 17 year old on adhd meds who can’t sleep. So like seriously do your own research.
Positions: 1 July 15th $5c, and 125 shares
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