Definitely been a rough few days…averaged down….
It’s a highly shorted stock with an upcoming stock dividend which will be listed on the NYSE…they will need to cover…
When I saw that BTS signed with Universal Music..one of the world’s biggest bands from South Korea…squid games hype (loved it)….this will bring Lomotif to the next level.
Congratulations in advance!!
Unless anything changes, you need to be a BBIG shareholder of record on 10/15 to receive the TYDE dividend (shares). Because it takes 2 days* to settle a trade, the last day to become a holder of record on the 15th is to buy BBIG shares on the 13th.
*Note: It can sometimes take longer than 2 days to settle a trade due to settlement violations. This does a good job of explaining: https://www.schwab.com/resource-center/insights/content/stock-settlement-why-you-need-to-understand-t2-timeline#What%20are%20settlement%20violations?
When in doubt, ZOOM OUT ---no reason for this trend to reverse! Higher highs and higher lows! Nothing has changed. BBIG is the #1 shorts squeeze play IN THE ENTIRE MARKET! ---> https://www.screencast.com/t/aANc7sTgt3k
LOOK and listen - this is what you call a "Hope's Ladder" - its a tactic to use when you want to crush momentum..you drop the price and then raise it, then drop it even lower, then raise it, then drop it yet lower...each time it rises a little, owners get hope, then their hopes get crushed as it drops even lower. This invokes the emotional reaction of feeling hopeless as it continues to drop lower and lower even after seemingly bouncing back, all of this is intended to get people to sell and give up....https://www.screencast.com/t/m4hP0udM
they returned shares...it;s a head fake to make us think they are abandoning the squeeze...they can borrow those right back any time ---> UPDATED ORTEX ---> https://www.screencast.com/t/dbtHFDNzb8r
just hold...they have to BUY the shorted shares back.... - https://www.screencast.com/t/hgXWvxVCVDhb They added 2 million short shares but utilization is about to bite them in the dick.
Look at the large BUY ORDERS coming in after the SHORTS came in...it's all theatre...HOLD!!!! https://www.screencast.com/t/FCtQS8slaPX --->shorts are FUKD!!! HOLD!!!!!!!!!!!!!!!!!!!!!
Source is Robinhood so take it with a grain of salt: https://robinhood.com/us/en/support/articles/due-bill-process/
“What happens?
Typically, an ex-dividend date will be after the record date and pay date in situations when a spinoff or special dividend is greater than 25% of the stock price.
What does this mean for you?
You will no longer be entitled to a distribution if you sell the stock after the record date, but before the ex-dividend date. In this case, the seller would be obligated to pay any received cash or shares to the buyer. This payout occurs automatically.
In the modern era of electronic trading, there's no extra step of the seller owing the buyer money; the party entitled to the dividend will receive the distribution directly.
_This process is called ‘Due Bill’ tracking. _”
Not yet but they said to monitor this page for info: https://robinhood.com/us/en/support/articles/corporate-actions-tracker/
They said they are processing the info and it will be posted there plus we should get messages
6 hours ago I would’ve said no. But the growing consensus is yes, you can still purchase BBIG up to distribution because it is a due-bill process
https://robinhood.com/us/en/support/articles/due-bill-process/
FOLLOW UP
For those who care, first see this post:
Second, I also reached out to RH and was similarly told this is a due-bill process and was pointed to this link:
https://robinhood.com/us/en/support/articles/due-bill-process/
This information is consistent with the info from the other poster’s brokerage, which seems to indicate we can continue to accumulate TYDE-owed BBIG shares up to distribution date BUT YOU MUST HOLD THROUGH DISTRIBUTION.
I am more than happy to be corrected, I just want to make sure we all have the best info possible.
I’m buying.
Thank you I got a response from Robinhood (I know, I know, don’t even go there) that indicated the same and they pointed me to this on due bill tracking:
https://robinhood.com/us/en/support/articles/due-bill-process/
Well I can tell you from personal experience that with a straight dividend you would have to payout the dividend and the share. Also:
If you own options on a stock that executes a spinoff, the number of shares of the original stock in the contract will remain the same. In addition to the original shares, the new shares paid out by the issuing company will be added to your contract. - Per Robinhood, the company everyone loves to hate.
https://robinhood.com/us/en/support/articles/how-corporate-actions-affect-your-options/
Yes, that's correct. Theoretically you can by shares up until 10/13 to have those shares eligible for the TYDE dividend. I say theoretically because sometimes it can take longer than 2 days to settle. If you're interested, see the section that covers settlement violations here (Schwab) or your broker's website for more info: https://www.schwab.com/resource-center/insights/content/stock-settlement-why-you-need-to-understand-t2-timeline
lol .. good thread ... i am long too ... yesterday some one started a thread asking why is this stock on rise with no news .. i told him FTDs next 4 days
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honestly .. new people are buying , then then think its another useless pennystock ...
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For me it has a cause ... there is value and DD many expert made and left still , i put my points
1) Personal Data is future OIL
2) Tik Tok handovers your personal data to CHINA GOVT , $BBIG is American company
3) Just needed alt like for coke there is a pepsi , so for tik tok "lomotif" ( name sucks thou )
4) people need to down load the app if you bought a share to increase the user base
https://play.google.com/store/apps/details?id=com.lomotif.android&hl=en_CA&gl=US
5) With Metaverse many things are possible with LOMOTIF (they can start designs which can exist in metaverse)
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5) Then buy stonk and hold and let the management Wake up now .. be Not fearful..
without mgt responding this is a DUD .... srry
Are they abandoning the short...returned shares at 4.35 million. ORTEX ---> https://www.screencast.com/t/UuX89XyYB ---> this is a mental game. Just because they borrow them does not mean they have to sell them. They can hold them in their account and do nothing with them.
Put/Call ratio is .18 = ZERO institutional shorting. Hedge funds are shorting. She will run!! -- NO INSTITUTIONS ARE SHORT BBIG --->> Only Hedge Funds are shorting trying to fuck us --> the Smart Money is LONG BBIG ---> https://www.screencast.com/t/TiM2jFz04G9X
NEXT STOP 18.12!!!! Please store your luggage in your overhead bins and fold all food trays into the back of the seat in front of you. we will be arriving in 6 hours or sooner if the wind is in our favor ---> https://www.screencast.com/t/9wcTe5mBb6P6