SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksImpossible Foods and Beyond


Previous 10 Next 10 
To: Glenn Petersen who wrote (179)6/9/2020 10:13:33 AM
From: rogermci®
   of 215
 
Took a position at 14.25

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rogermci® who wrote (180)6/9/2020 5:20:46 PM
From: Glenn Petersen
   of 215
 
I picked up some yesterday morning. The downside is that FMCI may not be able to sign an agreement with a target company before September 30, which means that the company will be liquidated and the cash proceeds (approximately $10.35 per share) will be distributed to the shareholders.

If the target is actually Impossible Foods, there will be some fireworks.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Glenn Petersen who wrote (181)6/10/2020 8:07:34 AM
From: Labrador
   of 215
 
Why not another extension if they're "close"? The vote to extend On June 8 was 18,493,348 with -0- against and 2,000 abstaining.

sec.gov

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Labrador who wrote (182)6/10/2020 8:24:47 AM
From: Glenn Petersen
   of 215
 
Typically, the charters of SPACs require that the entities consummate a transaction within a designated time period (generally 18 months to two years); otherwise they are required to liquidate. FMCI is only in the letter of intent stage with its potential target. Hence, the need for an extension.

The Company is a blank check company formed in 2018 for the purpose of consummating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In August 2018, the Company consummated its IPO from which it derived gross proceeds of $200,000,000. Like most blank check companies, our charter provides for the return of the IPO proceeds held in trust to the holders of public shares if there is no qualifying business combination consummated on or before a certain date (in our case, June 10, 2020). Our Board believes that it is in the best interests of the stockholders to continue the Company’s existence until the Extended Date in order to allow the Company more time to complete an initial business combination and is submitting these proposals to the stockholders to vote upon.

sec.gov

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Glenn Petersen who wrote (183)6/10/2020 10:55:58 AM
From: Labrador
   of 215
 
thank you for the reply Glenn

Share RecommendKeepReplyMark as Last Read


To: Glenn Petersen who wrote (181)6/12/2020 9:49:00 AM
From: rogermci®
   of 215
 
I sold at breakeven this morning. Not the Impossible Foods deal I thought it might be.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rogermci® who wrote (185)6/12/2020 10:07:51 AM
From: Glenn Petersen
   of 215
 
Yeah, not the deal I was hoping for and obviously a short term disappointment to the market. Still, it is a hot space. I will continue to track it on the blank check board.

Message 32783674

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen6/15/2020 9:07:24 AM
1 Recommendation   of 215
 
Burger King adds Impossible Foods’ meatless sausage on its breakfast menu nationwide

Published Mon, Jun 15 20208:16 AM EDT
Updated Moments Ago
Amelia Lucas
CNBC.com

Key Points

-- Burger King is the first national chain to add Impossible Foods’ sausage to a breakfast sandwich.

-- The Impossible Croissan’wich will be available for a limited time at participating locations.

-- The menu addition comes as fast-food chains report lower breakfast sales due to the coronavirus pandemic.



Burger King’s Impossible Croissan’wich
Source: Burger King
-------------

Burger King said Monday it is adding a breakfast sandwich made with meat-free Impossible Sausage to its menu nationwide.

The Restaurant Brands International chain, which began testing the menu item in January, is the first national chain to add Impossible Foods’ sausage to a breakfast sandwich. The Impossible Croissan’wich will be available for a limited time at participating locations. Dunkin’ already sells breakfast sandwiches made with Beyond Meat’s plant-based sausage.

The menu addition comes as fast-food chains report lower breakfast sales due to the coronavirus pandemic. More consumers are working from home — and eating breakfast there. Some restaurants, like Yum Brands’ Taco Bell, temporarily shortened their hours in response to slower demand for the morning meal.

A new menu item made with a meat alternative could spur breakfast sales for Burger King. Nearly a year ago, in response to the craze for plant-based meat alternatives, Burger King added the Impossible Whopper, made with Impossible’s meatless burger, to menus nationwide. The burger lifted traffic and sales for the chain. Earlier this year, Burger King included the meat-free burger in its 2 for $6 promotion in an effort to appeal to more price-sensitive customers.

To promote the new breakfast sandwich, Burger King is giving away up to 100,000 of them through its mobile app with any purchase of at least $1.

Shares of Impossible’s rival Beyond Meat fell 2% in premarket trading amid a broader market sell-off.

Restaurant Brands shares were up 1%.

cnbc.com

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen6/17/2020 8:42:25 AM
   of 215
 
Beyond Meat to sell cheaper value packs of its meatless burgers

Published Wed, Jun 17 20208:23 AM EDT
Amelia Lucas
CNBC.com

Key Points

-- Beyond Meat will sell 10-packs of its meatless burgers.

-- The burger value packs narrow the price gap with traditional beef patties.

-- The coronavirus pandemic has pushed many consumers to buy meat alternatives, with sales soaring 168.5% in the week ended June 6, according to Nielsen data.



Beyond Meat’s Cookout Classic value pack
Beyond Meat
------------------------------

Beyond Meat announced Wednesday that it will sell value packs of its meatless burgers — just in time for summer barbecue season.

The 10-pack has a suggested retail price of $15.99, or $6.40 per pound, bringing it closer to the price of traditional beef. Beef patties were selling for $5.26 per pound this week, according to the U.S. Department of Agriculture’s report on advertised beef prices.


Beyond’s value packs will go on sale the week of June 22 at Walmart, Target and other select retailers across the U.S. But the new offering will only be available until mid-August, or until supplies last.

The coronavirus pandemic has pushed many consumers to buy meat alternatives. More consumers are cooking at home rather than eating at restaurants, and outbreaks have hit the meatpacking industry and hurt production. Sales of fresh meat alternatives soared 168.5% in the week ended June 6 compared to the year-ago period, according to Nielsen data.

Shares of Beyond, which has a market value of $9.46 billion, have doubled their value so far in 2020, as of Tuesday’s close. The stock was up about 3% in premarket trading Wednesday.

cnbc.com

Share RecommendKeepReplyMark as Last Read


From: Glenn Petersen6/23/2020 6:47:05 AM
   of 215
 
Starbucks partners with Impossible to sell plant-based breakfast sandwich

Published Tue, Jun 23 20205:00 AM EDT
Alex Harring
CNBC.com

Key Points

-- Starbucks will begin offering a plant-based breakfast sandwich with Impossible sausage beginning Tuesday.

-- The new sandwich joins other menu items, including plant-based milk alternatives, released in recent years as environmentally friendly alternatives to items already sold in stores.

-- Starbucks’ new sandwich came as part of the coffee giant’s push toward a more sustainable menu that to be “resource positive” earlier this year.



Source: Starbucks
----------------------------

Starbucks said Tuesday it will begin selling a plant-based breakfast sandwich made with Impossible sausage as part of its summer menu.

In addition to the plant-based sausage substitute, the sandwich will contain a cage-free fried egg and aged cheddar cheese and will be served on ciabatta bread. The sandwich will be available in most U.S. locations, the company said.

Also on the summer menu are two cold brew coffee-based beverages with almond milk foam flavored with either cinnamon or dark cocoa. In California and the Midwest, Starbucks will also sell Cold Brew with Cinnamon Oatmilk foam, expanding the availability of oatmilk to new markets.

The new sandwich joins other menu options Starbucks has released in recent years as more consumers seek to reduce their meat consumption. The sandwich also helps move Starbucks another step closer to meeting sustainability goals that it announced in January.

“Over the years, in response to customer interest, we have added plant-based milk alternatives such as soy, coconut, almond, and oat milk. We are thrilled to expand our plant-based menu into food with this new breakfast sandwich,” Michael Kobori, chief sustainability officer at Starbucks, said in announcing the sandwich.

Previously, Starbucks partnered with Beyond Meat, a competitor of Impossible, to offer similar plant-based sandwiches in Canada and China.

Starbucks has said it wants to create a more sustainable menu, as it looks to cut carbon emissions, conserve water and reduce waste.

The company didn’t disclose pricing information for the new products.

cnbc.com

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10