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$BBIGV & TYDEV | I’ve seen a fair amount of confusion surrounding the trading of these two tickers and set out on a mission to clear it up. The “V” on the end of the ticker simply represents “VIRTUAL” meaning the shares aren’t yet delivered. It’s my understanding via E*TRADE that BBIGV is the trading price of BBIG with TYDE stripped out. TYDEV is TYDE before distribution.
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“DUE BILL” is the Spin-Off’s designation for the purpose of trading the rights to all relevant virtual shares. EVERYTHING IS “DUE” TO BE DISTRIBUTED MAY 31st. THE ENTITY RESPONSIBLE FOR TIMELY DELIVERING TYDE SHARES, IS THE DISTRIBUTER VINCO/CRYPTYDE HAS ENGAGED TO DO SO! DISTRIBUTION IS TO OCCURE OVERNIGHT BETWEEN MAY 30TH & MAY 31ST (Need confirmed with Monica that they will have their shit together) Additionally, WHAT IS THE NAME OF THE COMPANY ENGAGED TO DISTRIBUTE TYDE?
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Because this is a “DUE BILL” Special Dividend, the T+2 settlement “DOSEN’T” apply to the transaction. Distribution of TYDE shares will occur MAY 31st.
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DUE BILL, IF $BBIG was to rise above the trading V.SP of TYDE, it doesn’t have any effect on the “DUE BILL” designation. THAT DESIGNATION REMAINS IN TACT!
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AND YES, YOU CAN BUY $BBIG AT ANY TIME BETWEEN NOW AND MAY 27th and RECEIVE FREE TYDE SHARES. If the market wasn’t closed for MEMORIAL DAY on MAY 30th, you would technically be able to purchase and receive TYDE up through that date.
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OPTIONS IN $BBIG, Both currently held and those acquired before the EX DATE will be adjusted to reflect the change in value if held after the EX DATE. YOU CAN BUY OPTIONS AT ANY TIME BEFORE THE EX DATE, EXERCISE THEM at anytime PRIOR TO THE EX DATE, AND RECEIVE THE TYDE DIVI. PERSONALLY, AND IN ANTICIPATION OF THE RUN-UP, I’LL BE BUYING SOME ITM OPTIONS for which I intend to Sell-To-Close 1/2 of my position after the run-up and use those funds to EXERCISE the other 1/2 to increase my position in SHARES eligible for $TYDE.
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SHORTS CLOSING OF POSITIONS! “NOBODY KNOWS HOW HIGH THIS IS GOING TO GO! HOWEVER IF I WAS SHORT, I’D BE INCLINED TO EXIT MY POSITION BEFORE MAY 31st OTHERWISE I’D BE RUNNING RISK OF PAYING THE DIVIDEND.” In quotes was straight out of the reps mouth for E*Trade’s Corporate Action Team.
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DON’T BE A “WILL MEADE” of whom solidified yesterday (22 Hours Ago as of the time of this writing) via Twitter that he doesn’t know shit about a “DUE BILL” designated Spin-Off Special Dividend. TAKE 5 MINUTES AND CALL YOURRR BROKER!
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HOW TO NAVIGATE YOUR BROKERAGE! Brokerage call centers are set-up in tiers meant to filter out dumb ass or easy to answer questions. YOU MUST HAVE YOUR CALL ESCALATED to a TEAM LEVEL EQUIVALENT TO “CORPORATE ACTION, ACTUAL TRADERS, or SPECIAL SERVICES” the title used varies between brokerages (THOSE PEOPLE HAVE THE KNOWLEDGE)
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IT’S GONNA BE A BUMPY RIDE! SYNTHETICS/FTD’S will be cleaned up 1st, Follow by GAMMA, FOLLOWED BY A SHORT SQUEEZE regardless of whether they choose to cover or pay the FULL DIVI
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USE OFFICIAL TAGGING, #LOMOASS #LOMOEDC #LOMOTIF #CRYPTYDE. GET IT TRENDING! Use the tags above on all social media networks EVERYWHERE, and on ALL RELEVANT POSTS! DRIVE TRAFFIC/AWARENESS TO OUR COMPANIES! #BBIGMOVES $BBIG
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AGAIN, CALL YOUR BROKER FOR YOUR OWN CONFIRMATION!
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