Told ya! I hope you listened.
The end may be near for Bed Bath & Beyond (BBBY).
In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles
It was all there in the financials and public filings, as I said all along.
Down 94% from the high to under $2 now.
I said Ryan Cohen screwed the BBBY investors and that BBBY was a dogshit company that was on the brink of bankruptcy.
Some of you attacked me for saying it. One cowardly mod (bubble_burst) even banned me for saying it.
I was right. I hope someone here listened and saved the pain of losing most of your investment in this loser company.
They are not bankrupt. They have the potential to go bankrupt, but they are not bankrupt. The potential for bankruptcy was known for months due to the burn rate of cash. This is another case of those "We need a headline for cover for our illegal shorting"
Bond holders did not take the share conversion offer that expired today. These were unsecured bonds, so if BBBY does go bankrupt they would get paid just before shareholders if any money was left, making the bonds high risk. They could have cashed out, or converted shares, but didn't even with the risk of bankruptcy.
Submitted a NT 10-Q. These are submitted when a 10-Q cannot be submitted in time. Usually done if there is a merger or acquisition on the horizon. Link
HKD is flying. HKD normally goes off 10 days prior to BBBY going off. There is belief that HKD is the swap for BBBY to help keep it contained.
Remember: HKD became the highest rated market cap company in the world last year just after it IPO'd and went up to $2.5k per share, with only 51 employees and almost no revenue. This just so happened to correspond to a period of volatility with both GME and BBBY.
DING DING DING
what else you invested in besides GME?
also the OP is a shill
You mean that stock that is today at a 2-year low?
LOL
shut up hedgie
He fails to mention almost all stocks are at a 2 year low. Does that change the fact that GME is the most shorted company in existence with retailers buying and DRSing their shares non stop? 50% of the float DRSd? This has never happened before for a single stock. As the price goes lower the more the dedicated GME investors will purchase shares and DRS. The entire float will be locked. GME is bleeding hedge funds dry. Yet this clown is so excited about the prospect of good people losing money, for some weird reason... seems pretty suss.
I challenge you to create a new post debunking the GameStop due diligence posts. You won't, no one has been able to debunk them.
Watch, he'll reply with an insult instead.
Yet.
EXACTLY what I said months ago. But dipshits around here would not hear it.
And why would they? Company has been begging them to (via very high interest rate offers) and no takers.
Deal was bad for bond holders. They will wait for bankruptcy court to get what they can.
Are the touts pushing HKD now? Are they behind the crazy manipulation of it?
Most manipulated stock I have ever seen.
Most people around here seem to think that only hedge funds and Wall Street firms manipulation stocks.
No. Frauds on stock boards do, too. They are the new boiler room boys.
Old saying, "If you are at a poker table and you can't figure out who the mark is, the mark is you."
Say hello to 94% drop in BBBY, facing bankruptcy, and GME at a 2-year low.
No more "to the Moon!" bullshit. It was ALWAYS bullshit.
I called it out. Those who were the marks don't like it.
Right. Another dog shit company with Pump & Dump manipulation.