Cryptyde, a wholly owned subsidiary of Vinco Venture, BBIG, which is expected to trade, if approved by Nasdaq, under the symbol TYDE is a blockchain technology company focused on consumer adoption of smart contract technologies.
For each 10 shares of BBIG you will get one share of TYDE.
Secured convertible senior notes are expected to be sold to an institutional investor for $30 million and mature in 2025.The Notes convert into shares of Cryptyde common stock at $10.00 per share.
So we can expect a $10 price per TYDE share.
The price of BBIG shares is $2.83.
So for 28.3usd you can expect a dividend stock worth $10.
I think BBIG is a great buy opportunity right now.
Stock is extremely volatile. And it has a lot of hyped up interest from traders on reddit and stocktwits. However it does have quite alot of upcoming catalysts, not just the any-day-now TYDE dividend record date announcement. Any one of these when dropped would move the stock up quickly. High risk high reward. Invest with care.
desertsnake78
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Kinda disappointing this stock and losing my patient. I've been holding this for a while now. FA and TA are been throwing out of the window. Keep hearing people talk about its "squeeze" but never happen. Every time, it moves a little bit, people start to take profit and never give it chance to rally since Oct.
GreenMachine321
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@desertsnake78, I really don't think it's people taking profit, but rather hedge funds manipulating this stock even more. The SI keeps rising along with the CTB. It'll take paytience, but this thing can truly rocket in my opinion. Take a look at Overstock and how long that took. Similar situation.
Not financial advice, obvi.
rluck9974
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@desertsnake78, That's because it's a microcap stock. It's really not going to go over 10.00. Even if the TYDE spinoff causes FOMO buying people are still going to dump it when it gets to that number. I hope not as I have 1700 shares but I wouldn't be surprised if that happen.
Netris101
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Nice! 👍👍👍
rluck9974
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I agree but if you read the filing they expect BBIG's stock price to go down after the split. I think there will be mass fomo buying when it's announced and it will rise above your target. That's a good time to sell because let's be honest, this is still a pump and dump.