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> “saudi investors bought into secondary offering at X share price” I think Beyond Meat are currently demonstrating the perils of doing a secondary offering wh

• rolltiide 7y ago
  so that was hilariously well timed with my post but very strange: its some investors doing the share sells, but having the company announce it (and selling just a tiny amount of shares in it too). The company doesn't make the bulk of the money here, so why announce it at all? The investors just used the company to advertise that they have shares to sell 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.