> “saudi investors bought into secondary offering at X share price”
I think Beyond Meat are currently demonstrating the perils of doing a secondary offering whilst the company is unprofitable.
I think Beyond Meat are currently demonstrating the perils of doing a secondary offering whilst the company is unprofitable.
so this is more of a hilarious red flag of incompetence, if one planned to add to a position in this
but it does the prove the point that the company and shareholders have many financing options: the issuer is unscathed here, they will create shares and exchange it for $50,000,000 or maybe $40,000,000 due to the 20% drop from announcing it, oh no. Those private shareholders are still planning to make 9 figures.