Nov. 26 at 6:09 AM
$BYND The New CUSIP Does NOT Erase Your FTDs
Wolfspeed (
$WOLF), CanooEV (
$GOEV), Beyond Meat (
$BYND), SHFS (
$SHFS), GMGI (
$GMGI) and every other ticker playing musical chairs with corporate actions need to hear this clearly:
A new CUSIP does NOT wipe the old fails-to-deliver. They MUST be returned. 1:1. No loopholes. No exceptions.
Reverse splits, ticker changes, uplists, bankruptcy shuffles, foreign listings — none of that erases synthetic shares.
Under SEC rules, all open FTD obligations follow the company into the new CUSIP until they are closed out. If you diluted, reverse-split, hid volume, or used off-exchange pairing to disappear from the threshold list without a real buy-in, the liability still exists. FTDs don’t vanish.
They migrate. And they WILL have to be matched. Retail didn’t forget.
The clearinghouses didn’t settle.
And every synthetic share created in the dark will eventually need to be returned to the real shareholder of record. Stop the games. Return the shares.
