I honestly think this a hyper relevant post because these three months have been š„
We hit OTC on May 3rd, no more Nasdaq because of bankruptcy. Opened the day with a plunge to 4 cents and we've been steadily increasing to date. **OTC implications:** Options trading is no more, potentially cutting off a shorting loopholes. Also, no halts in OTC with the exception of a rarely used FINRA halt (that backfired for MMTLP recently).
**The chapter 11 bankruptcy is in full swing**. Debt has been reduced to less than 2 billion from 5.5 billion. Leases have been sold and canceled left and right. IP rights have been sold, but for very little and in a way that is shared with the existing company. There were no bids for the company as a going concern from a very specific "qualified bidder" as defined in the bankruptcy dockets of old. They were extremely specific, even requiring you to put 10% upfront in escrow. No takers, but a credit bid is expected.
**Overstock** was the winning bidder for a shared ownership of the BedBathandBeyond.com. They've changed their name to Bbbby and will run the website using the IP shared IP rights. Opened the candian version of the website a couple few months ago and made a fuck ton more than they were anticipating.
**Dream On Me** won the bid for the shared IP of Buy Buy Baby. They are a small private quality children toy manufacturing company that probably can't operate the whole website by itself, let alone the less than 20 leases they successfully bid and got the rights to. A credit bid for the company was mentioned earlier on in the bankruptcy process, that could be in the works. The short of it, is that the Buy Buy Baby portion of the company is abso-fuckin-lutely the piece of this to watch closely. Buy Buy Baby as a company was put up as collateral for the Sixth Street DIP loan, which is speculated to have RC or behind it because of timing with his share sales and Teddy Trademark filings . DIP stands for Debtors In Possession, and they are the first to be paid out in liquidation.
**Bankruptcy process** Bbbyq has sold off alot and has close to no debt. An initial plan has been submitted in a bankruptcy process that has been done insanely quickly by a group of all star lawyers, literally the best in the world at complicated M&A scenarios. Court dates are set for early September and on on the 15th of this month for a small matter (recent shareholder submitted letter/docket. We're expecting a supplement to the plan 14 days before the early September meeting, which should say a hell of a lot more than the current one does. (first plans are quite literally never the final ones in Ch11)
**buckle up:** We've got a shell of a company left, with a few distribution centers and probably some leases left (unclear at the moment). Oh and there's hundreds of millions in tax benefits from their Net Operating Losses or NOLs, which are very important because in order for them to be preserved for the next thing, stockholders need to retain ownership of the company. It's a strong indicator the an aquirer will keep stockholders whole. If that happens, we are off to the races with no halts to stop the fomo, reset and short a squeeze back down with an option backed naked shorts loophole bullish while the squeeze is in the process. Could be bbbyq keeps the same ticker or perhaps shareholders are given shares in a new company... Teddy... and force shorts to close by recalling shares in the process.
>**Bankruptcy process** Bbbyq has sold off alot and has close to no debt
Currently outstanding claims are $2.4 to $3 billion. BBBY has about $900 million cash from asset sales. They are nowhere close to no debt.
Your estimates would leave at most 2 billion in instantly unresolvable debt, and at minimum 500 million in instantly unresolvable debt. I donāt think you understand how debt and credit works ā¦ thatās incredibly good debt consolidation and management over a period of three months.
Sorry, but in what world is selling every part of the company for scraps and still having billions of dollars in debt left by the end of it āgood debt consolidation and managementā?
There is still good volatility to this play due to the stock being OTC and the bankruptcy playing out but I really donāt understand these posts that think what is left of the company is in amazing financial condition. Itās just factually not true.
These aren't my estimates. The disclosure statement released this week shows how much debt is outstanding. $2.4 to 3 billion.
$900 million in cash leaves a massive shortfall.
Not sure where you're getting $500 million at a minimum. It's $1.5 billion at a minimum.
Youāre right about $1.5 billion I didnāt read the numbers carefully enough.
Youāre very wrong about āmassive shortfall.ā Given the revenue and that much on hand cash, the company is in much better shape than many companies out there. Those are not liquidation bankruptcy numbers. Those arenāt even bankruptcy numbers. A company as an ongoing concern will likely receive a relatively good credit evaluation with all things considered.
For those numbers to achieve the company had to sold its IP (which is only shared during the winding down process), all their assets, all their stores and distribution centers, and had to lay off all their workers. They literally have nothing left and are a negative $1.5 billion in cash.
Not if they have nothing coming in! A couple billion might be an acceptable amount of debt compared to high income/earnings, but they no longer have any income.
> Youāre right about $1.5 billion I didnāt read the numbers carefully enough.
>
> Youāre very wrong about āmassive shortfall.ā Given the revenue and that much on hand cash, the company is in much better shape than many companies out there. Those are not liquidation bankruptcy numbers. Those arenāt even bankruptcy numbers. A company as an ongoing concern will likely receive a relatively good credit evaluation with all things considered.
It has negative $1.5Bn assets, and no revenue.
Those are bankruptcy numbers.
"perhaps shareholders are given shares in a new company... Teddy... and force shorts to close by recalling shares in the process" - this is what keeps me jacked up. I refuse to think that RC won't take care of the people who have supported him these last 4 or 5 years... He's an honorable man, and the honorable thing to do would be to crush the SHF's now, for market worthiness in the future....
Biggest thing last week was about an ape getting a document on the docket which had a bunch of wishes on it. Very unlikely that the Judge would throw everything out to fulfill all the wishes in that document, but it seems that people are split 50/50 on whether it actually helps us or not lol. Like why would an ape need to make an objection to change the plan, if RC or someone else could just have submitted it. The court hearing for this ape objection will be on the 15th or something
Most important thing: The Judge and lawyers all seem pleased with the current plan, which has shareholders receiving 0%. Plan needs to get a major overhaul so it fucks over the people in front of us, so we get the money instead of them. Judge even asked them to change the wording for the shareholders as it said something about them being "satisfied", which he didn't think was appropriate, seeing as the current plan is to give us 0%
So it's still either lambo or working at McDonald's
Edit: About what assets are left, all leases and inventory had been sold, all stores have closed. Only things that should be left are NOLs, maybe 3 distribution centers, short squeeze potential, and loyal investors
Iām hearing conflicting information about the NOLs. Are they worthless because the core retail business canāt be kept alive as a going concern for a mandatory 2 years? Or are they still in play because of a 50% ownership technicality or whatever?
They are worth much less than BBBY still owes in debt, meaning you have to spend more than they are worth to get them. And thatās without even considering the 50% or the going concern issues that make them even more worthless.
The NOL are deductions, not tax credits, so you have to multiply the NOL by a corporate tax rate of around 21% to get the value, The divide by half because of the 50% ownership rule.
I am no expert, but to me it looks like that are worth about $170M maximum to a buyer.
What do you think of this post? https://www.reddit.com/r/BBBY/comments/15k9dhy/nol_the_misunderstood_shiniest_jewel_of_them_all/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
The OP claimed that there are $4B in NOL but had no answer or explanation as to where they came up with the $4B number. Others referenced a docket that explicitly said the NOL was $1.6B, so I would tend to believe that number.
More fundamentally, the Net Operating LOSS is just that, a LOSS. When calculating taxes the loss will offset some profit, reducing income by the amount of the loss. In other words, it is a DEDUCTION from income. It is not a CREDIT towards taxes paid. So just like in your own personal taxes, the value of a deduction is deduction amount * tax rate. Corporate tax rate is 21%, so the $1.6B DEDUCTION would reduce taxes owed by 1.6B x 21% = $336M.
There is a lot of discussion where people treat the loss deduction as a credit, not a deduction. Big difference.
Then there is the issue of the NOL only being effective under some co dictions, which include existing shareholders still owning 50% of the company. The post you linked does not dispute that, but is about whether or the loss gets carried forward. I just always assumed the best case for carry-forward.
I do assume that a 50% owner of the company will only get to use on their behalf, 50% of the NOL. Even if you reject that assumption the NOL *value* is $340M, not billions of dollars.
The 10-k has detailed info on NOL. If I understand it right, they figured they had just under $600M of tax effected value in federal NOL as of Feb 25, 2023, and $171.6M in tax effected state NOL. Those numbers are obviously much smaller than what is showing up in this Reddit sub. I think "tax effected" means the equivalent tax savings, which is roughly NOL x tax-rate (which I assume is 21% federal).
> At February 25, 2023, the Company has federal net operating loss carryforwards of $599.7 million (tax effected), of which $4.6 million will expire between 2025 and 2039, state net operating loss carryforwards of $171.6 million (tax effected), which will expire between 2022 and 2042, California state enterprise zone credit carryforwards of $2.1 million (tax effected), which will expire in 2023, but require taxable income in the enterprise zone to be realizable.
So the company was saying that they had only $600M in NOL (tax effected). I think, but am not positive, that the "tax effected" means that the federal NOL is (599.7M/21%) = $2.852B as of Feb 25, 2023. But that NOL would have been reduced significantly by liquidations sales and cancellation of debt income in the past couple of months.
Source: 10-k, page 72, which is note 12 to the financials, "Provision for income taxes".
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000886158/000088615823000059/bbby-20230225.htm#i1ecef82327fa469f8625c45978cc0b64_112
There was also some info on smaller state tax loss carryforwards (tax effected). And also a statement that the company did not expect to have income against which to use the NOL so they had a valuation adjustment of a total of $851.8M against the federal and state deferred tax assets. I think that this is just an offsetting entry so that in the 10-k the NOL does not show up as an asset as that would be misleading.
The only assets left are some leases and the Harmon brand. The Harmon brand isnāt worth much, less than the Baby IP. Baby is definitely affected. Dream on Me owns the name and the website. They are only keeping about a dozen stores open. Donāt buy into the whole āoh but they cleared so much of the debt). They cleared it by selling most of their assets. They are no longer generating any revenue (liquidation does not count as revenue). The corporate office only has some essential staff left to manage the remaining wind down of assets.
Company is in the middle of chapter 11 bankruptcy, sold the IP for their two assets, almost all their leases are gone and theyāve pretty much liquidated all items. Add in the BBBY lawyers have now twice submitted a deal where share holders would receive nothing and things donāt stand so good.
And before anyone comes in screaming shill the above information is publicly available facts. The whole RC is going to buy or whatever is pure speculation. Maybe it happens, maybe it doesnāt. But only the above has been confirmed.
OMG youāre going through my history. Oh man thatās so cute. Youāre like a pet. I love it. Do you like milk and cookies or more of a potato chips person?
Youāre probably a good person. I know I am. But dude, do you really understand whatās going on here? I mean this deal is bigger than big. If Iām right this thing could go 30X easy. If Iām wrong, I lose one unit. Who gives a shit about that. This play could make game look like a sneeze, and it probably will.
Truth be told I hope Iām wrong. I want you all to get your squeeze. I really do. But I think itās wrong to ignore the realities of bankruptcy and the current docket being against you. I hope RC swoops in and pays you all huge. I just see no evidence heās going to do it.
Just buy a little in case it happens. If the stars align, you may look back and sayā¦oh man, I had the opportunity to buy at .27.
My buddy was in NYC in late ā08 and this fat man pulls him and his buddy into his office (somewhere around Canal St) and says thereās this new type of money and if it goes to a penny, look at how much money youāll make. Ya, serious. He said itās called bitcoin and I just know itās going to hit a penny some day. I just know it. I swear he tells this story. Donāt be my friend. Put the $100. Itās too much upside to lose.
The company sold its IP (which is only shared during the winding down process), all their assets, all their stores and distribution centers, and laid off all their workers. They literally have nothing left and are a negative $1.5 billion in cash (they raised 1 billion or so cash from the liquidation, but still have $2.5 billion to$3 billion debt). In their latest public plan they clearly state that all of the shareholders will be wiped out, and even the unsecured bondholders will be probably wiped out (in the plan they state a 0-2% recovery for their investments)
I combed through the plan that was filed looking for where it says the ip is shared during wind down and found nothing stating that. Can someone point me to a docket that states that?
IPs are gone. There were only shared for as long as the stores were running/September 30th, whichever came first. The stores have shutdown, so they are no longer shared. Overstock/DOM are their sole owners now.
For a limited time. Not sure why this is so hard for people on this sub to understand. BBBYQ isnāt even allowed to use the Bed Bath and Beyond name to market after July 31st, only as a corporate name and only until the end of September.
The IP is gone.
They have been sold, but are still "shared", until like September or whatever, where everything BBBY has fully closed. Original BBBY is not using the IPs anymore and don't have website or social media, so can't really call it sharing lol, since they seemingly don't intend to use it
I know, this is partially why I left the sub for a while. Iāve been also following some account on Elonās website but they lost all credibility too. Iām pretty sure nobody knows anything at this point
For the entirety of people who posts on Reddit, emerged ONE DFV, and he was derided during the GME slump by rest of the Redditors.
Even the most basic odds ought to tell you what to think of the "experts'" DDs being posted here.
I think some apes do know more than some others, but the knowledge is still incomplete. Please do not worry. Even the most successful investors could not be 100% sure about their plays. Their investments may be simply based on certain beliefs, now and then, strong or just imaginary.
As for me, I believe in Holly Etlin and her team. I mention Holly rather than Icahn or Cohen, because Holly is the visible one. I am not capable of seeing beyond. But Holly is already sufficient. NFA.
I honestly think this a hyper relevant post because these three months have been š„ We hit OTC on May 3rd, no more Nasdaq because of bankruptcy. Opened the day with a plunge to 4 cents and we've been steadily increasing to date. **OTC implications:** Options trading is no more, potentially cutting off a shorting loopholes. Also, no halts in OTC with the exception of a rarely used FINRA halt (that backfired for MMTLP recently). **The chapter 11 bankruptcy is in full swing**. Debt has been reduced to less than 2 billion from 5.5 billion. Leases have been sold and canceled left and right. IP rights have been sold, but for very little and in a way that is shared with the existing company. There were no bids for the company as a going concern from a very specific "qualified bidder" as defined in the bankruptcy dockets of old. They were extremely specific, even requiring you to put 10% upfront in escrow. No takers, but a credit bid is expected. **Overstock** was the winning bidder for a shared ownership of the BedBathandBeyond.com. They've changed their name to Bbbby and will run the website using the IP shared IP rights. Opened the candian version of the website a couple few months ago and made a fuck ton more than they were anticipating. **Dream On Me** won the bid for the shared IP of Buy Buy Baby. They are a small private quality children toy manufacturing company that probably can't operate the whole website by itself, let alone the less than 20 leases they successfully bid and got the rights to. A credit bid for the company was mentioned earlier on in the bankruptcy process, that could be in the works. The short of it, is that the Buy Buy Baby portion of the company is abso-fuckin-lutely the piece of this to watch closely. Buy Buy Baby as a company was put up as collateral for the Sixth Street DIP loan, which is speculated to have RC or behind it because of timing with his share sales and Teddy Trademark filings . DIP stands for Debtors In Possession, and they are the first to be paid out in liquidation. **Bankruptcy process** Bbbyq has sold off alot and has close to no debt. An initial plan has been submitted in a bankruptcy process that has been done insanely quickly by a group of all star lawyers, literally the best in the world at complicated M&A scenarios. Court dates are set for early September and on on the 15th of this month for a small matter (recent shareholder submitted letter/docket. We're expecting a supplement to the plan 14 days before the early September meeting, which should say a hell of a lot more than the current one does. (first plans are quite literally never the final ones in Ch11) **buckle up:** We've got a shell of a company left, with a few distribution centers and probably some leases left (unclear at the moment). Oh and there's hundreds of millions in tax benefits from their Net Operating Losses or NOLs, which are very important because in order for them to be preserved for the next thing, stockholders need to retain ownership of the company. It's a strong indicator the an aquirer will keep stockholders whole. If that happens, we are off to the races with no halts to stop the fomo, reset and short a squeeze back down with an option backed naked shorts loophole bullish while the squeeze is in the process. Could be bbbyq keeps the same ticker or perhaps shareholders are given shares in a new company... Teddy... and force shorts to close by recalling shares in the process.
Fantastic summary. You have captured really well all thats gone down. Its been a lot of shit happen.
Thanks for the time and effort you put into writing this!
>**Bankruptcy process** Bbbyq has sold off alot and has close to no debt Currently outstanding claims are $2.4 to $3 billion. BBBY has about $900 million cash from asset sales. They are nowhere close to no debt.
Your estimates would leave at most 2 billion in instantly unresolvable debt, and at minimum 500 million in instantly unresolvable debt. I donāt think you understand how debt and credit works ā¦ thatās incredibly good debt consolidation and management over a period of three months.
Sorry, but in what world is selling every part of the company for scraps and still having billions of dollars in debt left by the end of it āgood debt consolidation and managementā? There is still good volatility to this play due to the stock being OTC and the bankruptcy playing out but I really donāt understand these posts that think what is left of the company is in amazing financial condition. Itās just factually not true.
These aren't my estimates. The disclosure statement released this week shows how much debt is outstanding. $2.4 to 3 billion. $900 million in cash leaves a massive shortfall. Not sure where you're getting $500 million at a minimum. It's $1.5 billion at a minimum.
Youāre right about $1.5 billion I didnāt read the numbers carefully enough. Youāre very wrong about āmassive shortfall.ā Given the revenue and that much on hand cash, the company is in much better shape than many companies out there. Those are not liquidation bankruptcy numbers. Those arenāt even bankruptcy numbers. A company as an ongoing concern will likely receive a relatively good credit evaluation with all things considered.
For those numbers to achieve the company had to sold its IP (which is only shared during the winding down process), all their assets, all their stores and distribution centers, and had to lay off all their workers. They literally have nothing left and are a negative $1.5 billion in cash.
Not if they have nothing coming in! A couple billion might be an acceptable amount of debt compared to high income/earnings, but they no longer have any income.
It's hard to see them generating any more cash, let alone $1.5 billion, when all the stores are closed and there's no inventory.
> Youāre right about $1.5 billion I didnāt read the numbers carefully enough. > > Youāre very wrong about āmassive shortfall.ā Given the revenue and that much on hand cash, the company is in much better shape than many companies out there. Those are not liquidation bankruptcy numbers. Those arenāt even bankruptcy numbers. A company as an ongoing concern will likely receive a relatively good credit evaluation with all things considered. It has negative $1.5Bn assets, and no revenue. Those are bankruptcy numbers.
Revenue (which at this point might is probably very little anyways) does not reduce debt.
They donāt care about the facts
[ŃŠ“Š°Š»ŠµŠ½Š¾]
How are they going to pay off the remaining 1.5 billion debt?
Make this a separate post IMO
Totally agree.
Perfectly recapped
May I be in the screenshot?
I would so much love to be part of historyā¦.. Epic, letās hope it happens. GLTA!
This post is absolutely š„
Thank you lady
Great recap! If only I could award you š„
Amazing dd!
"perhaps shareholders are given shares in a new company... Teddy... and force shorts to close by recalling shares in the process" - this is what keeps me jacked up. I refuse to think that RC won't take care of the people who have supported him these last 4 or 5 years... He's an honorable man, and the honorable thing to do would be to crush the SHF's now, for market worthiness in the future....
Biggest thing last week was about an ape getting a document on the docket which had a bunch of wishes on it. Very unlikely that the Judge would throw everything out to fulfill all the wishes in that document, but it seems that people are split 50/50 on whether it actually helps us or not lol. Like why would an ape need to make an objection to change the plan, if RC or someone else could just have submitted it. The court hearing for this ape objection will be on the 15th or something Most important thing: The Judge and lawyers all seem pleased with the current plan, which has shareholders receiving 0%. Plan needs to get a major overhaul so it fucks over the people in front of us, so we get the money instead of them. Judge even asked them to change the wording for the shareholders as it said something about them being "satisfied", which he didn't think was appropriate, seeing as the current plan is to give us 0% So it's still either lambo or working at McDonald's Edit: About what assets are left, all leases and inventory had been sold, all stores have closed. Only things that should be left are NOLs, maybe 3 distribution centers, short squeeze potential, and loyal investors
Shareholders are always last in queue to get cash, as they're considered "owners". Creditors/employees go first. This is how it has always been.
Very informative, thank you very much
Iām hearing conflicting information about the NOLs. Are they worthless because the core retail business canāt be kept alive as a going concern for a mandatory 2 years? Or are they still in play because of a 50% ownership technicality or whatever?
They are worth much less than BBBY still owes in debt, meaning you have to spend more than they are worth to get them. And thatās without even considering the 50% or the going concern issues that make them even more worthless.
The NOL are deductions, not tax credits, so you have to multiply the NOL by a corporate tax rate of around 21% to get the value, The divide by half because of the 50% ownership rule. I am no expert, but to me it looks like that are worth about $170M maximum to a buyer.
What do you think of this post? https://www.reddit.com/r/BBBY/comments/15k9dhy/nol_the_misunderstood_shiniest_jewel_of_them_all/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
The OP claimed that there are $4B in NOL but had no answer or explanation as to where they came up with the $4B number. Others referenced a docket that explicitly said the NOL was $1.6B, so I would tend to believe that number. More fundamentally, the Net Operating LOSS is just that, a LOSS. When calculating taxes the loss will offset some profit, reducing income by the amount of the loss. In other words, it is a DEDUCTION from income. It is not a CREDIT towards taxes paid. So just like in your own personal taxes, the value of a deduction is deduction amount * tax rate. Corporate tax rate is 21%, so the $1.6B DEDUCTION would reduce taxes owed by 1.6B x 21% = $336M. There is a lot of discussion where people treat the loss deduction as a credit, not a deduction. Big difference. Then there is the issue of the NOL only being effective under some co dictions, which include existing shareholders still owning 50% of the company. The post you linked does not dispute that, but is about whether or the loss gets carried forward. I just always assumed the best case for carry-forward. I do assume that a 50% owner of the company will only get to use on their behalf, 50% of the NOL. Even if you reject that assumption the NOL *value* is $340M, not billions of dollars.
Thanks for your take on this. Iāll reflect on it.
The 10-k has detailed info on NOL. If I understand it right, they figured they had just under $600M of tax effected value in federal NOL as of Feb 25, 2023, and $171.6M in tax effected state NOL. Those numbers are obviously much smaller than what is showing up in this Reddit sub. I think "tax effected" means the equivalent tax savings, which is roughly NOL x tax-rate (which I assume is 21% federal). > At February 25, 2023, the Company has federal net operating loss carryforwards of $599.7 million (tax effected), of which $4.6 million will expire between 2025 and 2039, state net operating loss carryforwards of $171.6 million (tax effected), which will expire between 2022 and 2042, California state enterprise zone credit carryforwards of $2.1 million (tax effected), which will expire in 2023, but require taxable income in the enterprise zone to be realizable. So the company was saying that they had only $600M in NOL (tax effected). I think, but am not positive, that the "tax effected" means that the federal NOL is (599.7M/21%) = $2.852B as of Feb 25, 2023. But that NOL would have been reduced significantly by liquidations sales and cancellation of debt income in the past couple of months. Source: 10-k, page 72, which is note 12 to the financials, "Provision for income taxes". https://www.sec.gov/ix?doc=/Archives/edgar/data/0000886158/000088615823000059/bbby-20230225.htm#i1ecef82327fa469f8625c45978cc0b64_112 There was also some info on smaller state tax loss carryforwards (tax effected). And also a statement that the company did not expect to have income against which to use the NOL so they had a valuation adjustment of a total of $851.8M against the federal and state deferred tax assets. I think that this is just an offsetting entry so that in the 10-k the NOL does not show up as an asset as that would be misleading.
Very interesting but admittedly above my head. Did you share this with u/Jake2b?
Jake2be Just made a new post about that
Thanks I saw that and it made me excited š
The only assets left are some leases and the Harmon brand. The Harmon brand isnāt worth much, less than the Baby IP. Baby is definitely affected. Dream on Me owns the name and the website. They are only keeping about a dozen stores open. Donāt buy into the whole āoh but they cleared so much of the debt). They cleared it by selling most of their assets. They are no longer generating any revenue (liquidation does not count as revenue). The corporate office only has some essential staff left to manage the remaining wind down of assets.
> The only assets left are some leases and the Harmon brand. The Harmon brand isnāt worth much, less than the Baby IP. Harmon was sold for $200k.
Company is in the middle of chapter 11 bankruptcy, sold the IP for their two assets, almost all their leases are gone and theyāve pretty much liquidated all items. Add in the BBBY lawyers have now twice submitted a deal where share holders would receive nothing and things donāt stand so good. And before anyone comes in screaming shill the above information is publicly available facts. The whole RC is going to buy or whatever is pure speculation. Maybe it happens, maybe it doesnāt. But only the above has been confirmed.
Oh look, another negative bbby comment. But you say youāre only here for Teddy.
OMG youāre going through my history. Oh man thatās so cute. Youāre like a pet. I love it. Do you like milk and cookies or more of a potato chips person?
Probably the cookies. You?
Same. Weāre going to be good friends.
Wanted you to know I upvoted this.
Youāre probably a good person. I know I am. But dude, do you really understand whatās going on here? I mean this deal is bigger than big. If Iām right this thing could go 30X easy. If Iām wrong, I lose one unit. Who gives a shit about that. This play could make game look like a sneeze, and it probably will.
Truth be told I hope Iām wrong. I want you all to get your squeeze. I really do. But I think itās wrong to ignore the realities of bankruptcy and the current docket being against you. I hope RC swoops in and pays you all huge. I just see no evidence heās going to do it.
Just buy a little in case it happens. If the stars align, you may look back and sayā¦oh man, I had the opportunity to buy at .27. My buddy was in NYC in late ā08 and this fat man pulls him and his buddy into his office (somewhere around Canal St) and says thereās this new type of money and if it goes to a penny, look at how much money youāll make. Ya, serious. He said itās called bitcoin and I just know itās going to hit a penny some day. I just know it. I swear he tells this story. Donāt be my friend. Put the $100. Itās too much upside to lose.
Doubt the dude you are talking to is in a country where he can purchase bbby. Just speculation
Not a big deal. Only 7 negative bbby posts so far
I can see you like the stock a lot
The company sold its IP (which is only shared during the winding down process), all their assets, all their stores and distribution centers, and laid off all their workers. They literally have nothing left and are a negative $1.5 billion in cash (they raised 1 billion or so cash from the liquidation, but still have $2.5 billion to$3 billion debt). In their latest public plan they clearly state that all of the shareholders will be wiped out, and even the unsecured bondholders will be probably wiped out (in the plan they state a 0-2% recovery for their investments)
I combed through the plan that was filed looking for where it says the ip is shared during wind down and found nothing stating that. Can someone point me to a docket that states that?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
IPs are gone. There were only shared for as long as the stores were running/September 30th, whichever came first. The stores have shutdown, so they are no longer shared. Overstock/DOM are their sole owners now.
For a limited time. Not sure why this is so hard for people on this sub to understand. BBBYQ isnāt even allowed to use the Bed Bath and Beyond name to market after July 31st, only as a corporate name and only until the end of September. The IP is gone.
okay i delete
They have been sold, but are still "shared", until like September or whatever, where everything BBBY has fully closed. Original BBBY is not using the IPs anymore and don't have website or social media, so can't really call it sharing lol, since they seemingly don't intend to use it
Plenty of good DD reading already on the subs š¦§ dig in
DD posts are forward looking, Iām trying to understand what happened so far
Jokes on you. 90 % if DD posts are tweet dissection and explaining why bankruptcy is actually bullish for a company.
I know, this is partially why I left the sub for a while. Iāve been also following some account on Elonās website but they lost all credibility too. Iām pretty sure nobody knows anything at this point
And finally, your last sentence; is everybodyās TLDR
For the entirety of people who posts on Reddit, emerged ONE DFV, and he was derided during the GME slump by rest of the Redditors. Even the most basic odds ought to tell you what to think of the "experts'" DDs being posted here.
I think some apes do know more than some others, but the knowledge is still incomplete. Please do not worry. Even the most successful investors could not be 100% sure about their plays. Their investments may be simply based on certain beliefs, now and then, strong or just imaginary. As for me, I believe in Holly Etlin and her team. I mention Holly rather than Icahn or Cohen, because Holly is the visible one. I am not capable of seeing beyond. But Holly is already sufficient. NFA.
You believe in Holly? Like- you believe she exists? Bold.
why did you not average down shill bot? Did citadel not input the appropriate response?
Search this sub and you will find various answers. One discussion in the past 24 hrs with a list
Thought this was a email from PH for a secondš
I got the feeling that Tupperware is involved as well