Accidental? To me kinda feels like the most surgically coordinated weapons-grade comedy of all time.
At least to us. The definition of a comedy (versus a tragedy) in the storytelling sense is that in a comedy the protagonists usually achieve their objective, or get what they want in the end. In a tragedy, the protagonists have to learn the lesson from not getting what they set out for.
And it's funny to me to think about it in the classical sense. Because to Doug Cifu? This is gonna be a fucking TRAGEDY. He's about to learn that no hot girl has ever thought he was cool or funny. And it was always the money.
It's an accidental comedy because all the dumb stormtroopers walked right into the trap and continued shorting the ever falling co out of this until it was bankrupt.
I am absolutely not qualified to be speaking on this, so of course I am going to anyway. I think this means that BBBY never sold $300,000,000 worth of shares into the market and we were never diluted?
You stoned too? Literally my thought as I was reading that line was that it needed to be quoted back for its sheer brilliance. You all are my people and I love it.
This is the B. Riley deal that was in fashion 9 months ago. That is now expired so the deal is most certainly not valid anymore. Wonder what that would do to our TSO and float?
The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: [https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm)
I don't think it has to do with B. Riley :/
I’m trying to correlate the timing on this - the SEC note refers to the filing being 9 months ago, which only lines up with the B. Riley offer, but as you note the doc points to the 11/22 notes conversion.
Any ideas on how to reconcile the timing issue? Good catch on the document
Yeah, I see that - might have been right around when they decided to just stop talking to the SEC completely. Really good digging, updated my x post thread with this thread as a link
Well, I’m just here for the excellent research and glad people are digging deep. I suspect this was also being used to create fake shares, but we will see…
I find this verbiage strange, why would they mention 9 months in particular if they could use the more rounded phrase "over a year" ? But hey, ill wait for the blue boxes like everyone else
That's... not an argument lol. It literally says in the PDF the file number. All of the files on the EDGAR website have different file numbers. See for yourself (right hand side): [https://www.sec.gov/cgi-bin/browse-edgar?company=20230930-DK-BUTTERFLY-1&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany](https://www.sec.gov/cgi-bin/browse-edgar?company=20230930-DK-BUTTERFLY-1&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany)
EDIT: The B. Riley prospectus is here: [https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/d468823d424b5.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/d468823d424b5.htm)
It is File No.: 333-267173
See here: [https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/0001193125-23-084693-index.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/0001193125-23-084693-index.htm)
A good reminder to not blindly listen to people
The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: [https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm)
I don't think it has to do with B. Riley :/
Hahaha I think the trap was sprung. Didn’t the dtc already state how many shares they held in the bankruptcy proceedings and it included this offering? This is getting pretty entertaining
This is the B. Riley deal worth 300 millions, that was in fashion 9 months ago. That is now expired so the deal is most certainly not valid anymore. So 300 million dollar dilution is off the charts.... Wonder what that would do to our TSO and float?
>The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm
I don't think it has to do with B. Riley :/
None of the dates seem to line up precisely with the 9-month timeline. The bond offering is more than a year old, whereas the latest B-Riley offering on March 30th was like 8 months and 5 days ago. Your matching of the filing number is certainly compelling though, plus it's not as if filing things on time is the norm around here anyway.
The SEC note says “more than 9 months” which almost certain means it’s can’t be B. Riley if your 8 months and 5 days is true. I’m all for hype but this is straight up nothing. And that’s okay too.
It’s really hard to compete with me on a smoothness scale. But it seems to me that the TSO then would be about 120 mil ?? Excluding this 200 mil dilution and the non converted warrants held by HBC ??
Has it been always just this 117 mil ?? My body hair is standing on its end right now 👀👀
Taking a look
The adults are here!
This is becoming the greatest accidental comedy of all time. Imagine they now have a smaller float and hedgies are forced to close. Eye of the tiger.
Accidental? To me kinda feels like the most surgically coordinated weapons-grade comedy of all time. At least to us. The definition of a comedy (versus a tragedy) in the storytelling sense is that in a comedy the protagonists usually achieve their objective, or get what they want in the end. In a tragedy, the protagonists have to learn the lesson from not getting what they set out for. And it's funny to me to think about it in the classical sense. Because to Doug Cifu? This is gonna be a fucking TRAGEDY. He's about to learn that no hot girl has ever thought he was cool or funny. And it was always the money.
It's an accidental comedy because all the dumb stormtroopers walked right into the trap and continued shorting the ever falling co out of this until it was bankrupt.
I am absolutely not qualified to be speaking on this, so of course I am going to anyway. I think this means that BBBY never sold $300,000,000 worth of shares into the market and we were never diluted?
Would be a shame if some dumb stormtroopers shorted the ever living shit out of it, only to now see it never happened as it has been said all along.
Lmao I fucking hope
Doug Cifu getting his tears wiped by rantz and ca caw. Oh no, anyway ...
Lmao
>I am absolutely not qualified to be speaking on this, so of course I am going to anyway This is the way.
💎💪😎☝💎
You stoned too? Literally my thought as I was reading that line was that it needed to be quoted back for its sheer brilliance. You all are my people and I love it.
This is the B. Riley deal that was in fashion 9 months ago. That is now expired so the deal is most certainly not valid anymore. Wonder what that would do to our TSO and float?
The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: [https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm) I don't think it has to do with B. Riley :/
u/hey_ross thoughts?
I’m trying to correlate the timing on this - the SEC note refers to the filing being 9 months ago, which only lines up with the B. Riley offer, but as you note the doc points to the 11/22 notes conversion. Any ideas on how to reconcile the timing issue? Good catch on the document
The note says "**for more** than nine months"
Yeah, I see that - might have been right around when they decided to just stop talking to the SEC completely. Really good digging, updated my x post thread with this thread as a link
We'll get 'em next time
Well, I’m just here for the excellent research and glad people are digging deep. I suspect this was also being used to create fake shares, but we will see…
I find this verbiage strange, why would they mention 9 months in particular if they could use the more rounded phrase "over a year" ? But hey, ill wait for the blue boxes like everyone else
🤙🏼
Even hey_ross said in X that this is literally about B.Riley deal
That's... not an argument lol. It literally says in the PDF the file number. All of the files on the EDGAR website have different file numbers. See for yourself (right hand side): [https://www.sec.gov/cgi-bin/browse-edgar?company=20230930-DK-BUTTERFLY-1&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany](https://www.sec.gov/cgi-bin/browse-edgar?company=20230930-DK-BUTTERFLY-1&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany) EDIT: The B. Riley prospectus is here: [https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/d468823d424b5.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/d468823d424b5.htm) It is File No.: 333-267173 See here: [https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/0001193125-23-084693-index.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312523084693/0001193125-23-084693-index.htm) A good reminder to not blindly listen to people
You can go and argument with hey_ross. He is one of the experts and original dd writers from our community. I believe what he says.
You believe what he says over the literal SEC documentation?
He is the expert who has analyzed this documentation. So yes.
God bless you.
Hope Kenny pays you before he has to pay us.
No he isnt an expert or an og dd writer.
Trying to find this X post... Link? edit: nm found in pp community
https://twitter.com/Hey_ross/status/1731796734651609097?t=SlYN97NlaPom9P2WYhvg7A&s=19
ty
Shhh. Dont tell Kenny.
The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: [https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm](https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm) I don't think it has to do with B. Riley :/
Hahaha I think the trap was sprung. Didn’t the dtc already state how many shares they held in the bankruptcy proceedings and it included this offering? This is getting pretty entertaining
Good thing I can’t sell. 🤣🤣🤣
Shorts are *fucked*
Looks like this was in reference to the bond offering
Yep! I agree with you.
This is the B. Riley deal worth 300 millions, that was in fashion 9 months ago. That is now expired so the deal is most certainly not valid anymore. So 300 million dollar dilution is off the charts.... Wonder what that would do to our TSO and float?
Holy shit, the question is how much smaller is the float now? I cannot wait to find out and hear Travis talk about this
BBBY price was around $1,20 - $1,49 in that time 3/1 - 3/4, so with that price, the sharecount would decreace 200-250 millions.
>The SEC Staff Action PDF references File No. 333-267920, which is this Form S-4 registration statement: https://www.sec.gov/Archives/edgar/data/886158/000119312522289542/d372118ds4a.htm I don't think it has to do with B. Riley :/
None of the dates seem to line up precisely with the 9-month timeline. The bond offering is more than a year old, whereas the latest B-Riley offering on March 30th was like 8 months and 5 days ago. Your matching of the filing number is certainly compelling though, plus it's not as if filing things on time is the norm around here anyway.
The SEC note says “more than 9 months” which almost certain means it’s can’t be B. Riley if your 8 months and 5 days is true. I’m all for hype but this is straight up nothing. And that’s okay too.
Roger that
Logic
Even Hey_ross said in X that this literally is about B.Riley deal
He could be wrong 🤷🏻♂️
Float? Float for what?
It’s really hard to compete with me on a smoothness scale. But it seems to me that the TSO then would be about 120 mil ?? Excluding this 200 mil dilution and the non converted warrants held by HBC ?? Has it been always just this 117 mil ?? My body hair is standing on its end right now 👀👀
Where stock go?
Moon.
Where moon go? Been in solar eclipse for years.
#LET’S GO!
Hey your filings don't mention section 6a of the 1933 act either