2/ Previous calculations on my DD showed the liquidation price per share was around $1.75 per share + whatever value you assign to the Beyond brand and its distribution business. At close of market, shares were still trading below what $BYND would fetch in a full shutdown.

3/ Other calculations showed, that the fair value per share was around $3, my previous target, given the convertible note conversion level and many factors you can review on my YouTube video thesis.

4/ Today, it became apparent that community engagement crystallised into immense buying pressure in the market with 1.2 billion shares traded against an absence of sellers at these prices (detailed in my previous posts). This factor must be taken into account.

5/ FINRA data shows, that even today 52% of the trades were SHORT, meaning, at this point in time, even despite the rise in price, the net short position in this stock is not dropping.

6/ This is further supported by the fact that the number of shares available to borrow is not growing at 2mln shares available only. Premiums on borrows falling likely indicates bond holders continue to lend out their shares and collect premiums.

7/ Based on the above (trades still being 52% net short and price climbing quickly) we are dealing with old shorts and new retail investors buying shares from new shorts that are borrowing the newly issued and not registered shares to fill the demand.

8/ This would confirm our previous DD and mean there are virtually no sellers at these price levels other than people borrowing shares at high premiums to sell them short and fill demand.

9/ I was initially expecting this process to be gradual cruising into earnings to reach back the equilibrium price of around $3 per share. However volume and retail buying pressure has now changed that.

10/ Given the current net short position in the stock, it seems there are virtually not enough shares in the float for all of them to cover and new investors have opted to rather lend out their shares for fat premiums on options and borrows rather than selling out of the stock.

11/ Therefore we are now in a fully fledged short squeeze dynamic, one that is being pushed by retail with full force. This gives any existing shareholders very few reasons to sell even at breakeven prices to relieve this pressure on shorts.

12/ This technical pressure can actually push, in the short term, the stock well over my $6 target and, depending on how volume continues, we could see this rise far above a $6 level.

13/ My new $6 price target is further supported by fundamentals, whereas the above is a shortcut to get there. This would imply a 2.4 b market cap for $BYND.

14/ Prior to bankruptcy risk, the market valued $BYND around $6 per share. With the convertible note exchange that risk is now gone. It would therefore make sense for it to regain the valuation it held for over a year especially since the business improved its margins since.

15/ It is also worth noting, $BYND is out of shares to use in ATM sales until the meeting in November, therefore if the share price achieves and breaks the $6 level supported by fundamentals, there is nothing to stop a much more significant short squeeze there.

16/ I will be releasing an updated, more in depth thesis on $BYND expanding on these items tomorrow but in the meantime, you have my new price target and key themes to think about.

@capybaraReborn wife bought some BYND and just realized she owns about 0.35% of the float 🧐

@capybaraReborn I got in this trade right after you at 0.65. I think you’re significantly overestimating retail here. All the degenerates who would buy have bought and there’s no good financial outlook. They’ll miss q3 ER with legal fees & they’re bleeding an extra $1m+/month in interest alone

@capybaraReborn

@capybaraReborn Most risk teams don’t let losses get that big. They usually start covering when losses reach 50–100% of the short value. That means many funds could be forced to start covering between $1.50–$2.00, and most would be in serious trouble if it runs past $3.00.

@capybaraReborn Don’t underestimate retail 😉😈😸

@capybaraReborn I think its feasible for an exponential growth (to a point). Days to cover 8 over the weekend, jumped from .5-.75 area, that shrunk to 4.4 days to cover and jumped to 1.5-1.7. Now, I'm not sure here but days to cover may have shrunk to .25 (needs confirmation I think 6 is the flr

@capybaraReborn I’ll follow you to hell and back brother. Just put my whole account in this and I’ll take the profits into $DFLI after. We ride.

@capybaraReborn With this momentum it will escape gravity. I’m in for the long haul turnaround very much a possibility $BYND when ur debt is gone you think more efficiently. I can tell you there’s enough demand for them to be profitable.

@capybaraReborn we need an official $BYND discord

@capybaraReborn should’ve all in today at $1 but i guess i’ll do it at $2 tmr

@capybaraReborn Capy, your opinion on the $40 calls in December?

@capybaraReborn $40c exp Dec 19 👀

@capybaraReborn love you capy <3 $BYND

@capybaraReborn Update?

@capybaraReborn You SOB I’m in!

@capybaraReborn To the moon

@capybaraReborn Bookmarked TY

@capybaraReborn LFG!

@capybaraReborn Believe in something

@capybaraReborn Hi Dimitri, thanks for all you're doing for us with $BYND, sorry to hear about the unjust Reddit situation. Looking forward to more of your great insight and research!

@capybaraReborn Why did I not full port this. Holding a pitiful amount here 😭