Interesting timing considering BBBY merger / acquisition announcement coming out later today or tomorrow.
(media.greatawakening.win)
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For those that are unaware BBBY was going through bankruptcy proceedings and it turned into a merger / acquisition. The stock name changed temporarily to butterfly and shares more canceled but not deleted. Now a handful of brokers are already saying that they're waiting instructions for a merger acquisition.
In the buy button is off. They also just changed their transfer agent from AST to computershare.
I think we're about to see the fireworks start on the financial arm of the plan.
Ryan Cohen that has his fingerprints all over this. I think they are doing it on one two punch between BBBY and GameStop.
MOASS leads to suicide weekend when certain billionaires lose all their wealth and face prision due to all the naked shorting
I hope they life long enough for me to tell them, “learn how to code”.
buckle up, Q 4902
Oct 19 delta
https://qalerts.app/?n=4902
My broker sold all my shares . Bastards.
Time for a new Broker!
Unlikely. Shares were recalled yesterday afternoon and have disappeared in reputable brokerages
Fidelity says my shares:
And added the residual value to my cash account.
Wonder if I have to do anything. 🤷♂️
Just wait for an announcement. I “diversified” brokers and they clearly don’t know what is going on but it is comforting that they do not agree
Just dream up all sorts of ways to spend that $0.01 per share.
What else is there to know?
Hah! Jokes on you.
I was going to buy you a coffee with my earnings, but now I have enough to get a steak and cheese for myself so you get nothing now. 😉
Don’t close anything. Leave them alone.
Could also be eToro if going to blockchain exchange. CS/Mellon may be a temp holding.
oK fess up! Who put Kerry's jaw on Mark Cuban?
.....they are the same person
Very Khazarian like.
LOL. We already have doubles of Cankles, Fetterman, and Adolf Sniffer. And now they're swapping around body parts?
We need to up our trolling game. The white hats already have swappable body parts.
A plastic surgeon
Cuban is transforming into the Mask (Cher film) guy.
Rocky Dennis ?
maybe he will leave with Cher!
Here's me and my 100 shares of each hoping! What's this I see about leaving AST and going to ComputerShare? Do I have to do anything for that?
No, it will be automatic.
Agreed....no coincidences....stars keep aligning....
Just keep in mind the guy who runs that sub and hosts the stream AKA "PP" AKA Alex Zarac is a typical libtard who is a multi-time loser in real life. He doesn't need to say it but that faggoty libtard face of his says he's an LGBTQIA+ ally who went all in on the vaccine and masking and loves consoooming on his Mastercard.
While r /ThePPShow is by far the most "awake" sub I've seen on Reddit in years, it's far and away from websites like GAW. There have been a few attempts to draw the lines between the WEF, Great Reset and vaccines/digital ID/modern feudalism.
Replies are a heavy tug of war between the ones who know and classic Redditards who have their fingers plugged in their ears screaming "it's not happening, this is shilling/forum sliding conspiracy nutjob shit". That's usually followed by the jannies AKA faggot mods hiding the post from public view (which sadly is already an upgrade from outright deletion on other subs)
Literally 12 minutes ago, someone posted a Q 11/11 post and look at the shit show going on. (Archive t+3 mins from posting) Watching to see how long that post stays alive and visible before the jannies come to clean up.
Some of the top comments in the Q-link thread currently are:
That one triggered the fuk out of them.
But I still prefer the ppshow more than the bobby sub. They are now the meldown/ shilly sub.
I've never watched his podcast,looks silly to me.
Sure are a lot of shills in here. Seems as many as Reddit and X. Not surprised. I’m sure they will all disappear like a fart in the wind once the merger is announced.
Then they will come back to tell us all to “Take the deal.” Sad and predictable.
ELI5 pls
If you didn’t sell your shares but they don’t appear to exist anymore, do you still own them and do they still exist? If a merger does happen, then do your shares come back? I own shares of bbby and gme. If you own both gme and bbby, would they convert into shares of the merged company?
They come back.
Shares have to be removed / cancelled / delisted before a new equity can be distributed (to you!)
I believe they do.
No.
No.
https://finance.yahoo.com/m/61bc6195-9139-3527-b982-ae6508113ce0/bed-bath-beyond-shares-have.html
The shares have been extinguised, which means they do not exist anymore, so there is nothing for anyone to own.
No. New shares could be issued, but you would have to buy those with cash.
If you own both (I feel sorry for you if you do), then the BBBY shares are gone forever. I doubt there will be any sort of "merger" because BBBY is bankrupt, and NO COMPANY would ever want to merge with another company that only has the name brand and massive debt. They would have to take on that debt.
MAYBE a GME would try to buy the brand name and relaunch, and in that case MAYBE the GME stock price would react to that business move, but there is no telling whether the price goes up or down in that situation. After all, BBBY was a failure of a company.
BBBY had $4 billion in assets and $5 billion in liabilities.
In a bankruptcy, the first thing is to liquidate all assets. Problem is, they will only get 10 cents on the dollar for their assets, maybe less.
That will leave them with 10 times the liabilities as they have cash, which they obviously won't be able to do (in full).
Still, they will pay down all creditors however much they can with the cash they raise. But there will still liabilities owed.
That means the creditors lose everything else (about 80-98%, depending on how much cash they raise in liquidation).
If (won't happen, but let's just pretend ... if) somehow there was a white knight riding to the rescue to give them money for some reason (why would anyone do that?), then the creditors MIGHT be made closer to whole. But that won't happen. Nobody is that stupid with their money.
The stockholders are SOL -- Shit Outta Luck.
Your money went poof.
I warned everyone here, but closed ears hear nothing.
And now, for the big cherry on top ...
GME Chairman Ryan Cohen has the SEC on his ass investigating his questionable stock trading and reporting practices around BBBY stock (which I told everyone one about here on GAW more than a year ago, but noooooooo ... nobody wanted to actually have an adult conversation about it).
https://www.reuters.com/markets/deals/sec-probes-ryan-cohens-ownership-surprise-sale-bed-bath-beyond-shares-wsj-2023-09-07/
I would not be surprised to see Ryan Cohen prosecuted for what he did. Would also not surprise me if touts on Reddit were involved in the scheme, in some way.
So, if you held onto BBBY stock all the way down, you are toast.
You guys should really stop believing the liars on Reddit.
What have they ever been right about?
If there is one thing that makes me more comfy in my jimmy and bobby investments, it's seeing idiotic comments like yours. It's obvious all your finance 'knowledge' came from watching CNBC.....
Your comment is yet another comment on GAW about BBBY/GME with NO SUBSTANCE about the topic being discussed.
It is nothing but ad hominem, which only proves you have nothing to actually contribute to the discussion.
If you still hold BBBY stock, I am glad you lost your ass. You deserve it.
Harsh but true
'I have not been following this story lately....' Yeah no shit, you are clueless to what is currently in play. Eat my ass though.....you deserve it. Have a good rest of your day!
I predicted the BBBY bankruptcy many months before it happened, and people like you were clueless all the way down.
I had no reason to follow the story of a dogshit company once it went under.
You are probably a LARP. Probably never owned the stock in the first place, but I hope you did and lost your ass.
Also ... Fuck You.
38 butterfly companies would like to disagree…
I honestly don’t understand how it works with bbby. I was just taking a chance on it. I didn’t lose much. Only had 171 shares. Most of mine were bought low. Thanks for your detailed response. Appreciate your time.
yw
Amazing I had to scroll so far to find this.
BBBY is a shit company who already sold their name.
This theory is completely silly.
They were a shit company and they did sell their name.
That doesn't negate this play.
Do you understand what a carve out is?
Do you understand that the new company that is acquiring them doesn't want their name? "Teddy" is already registered and coming in hot.
Do you understand the benefits of buying all of a company's infrastructure for pennies on the dollar plus the benefits of not having to pay taxes for the next 5 to 7 years?
Obviously not.
There is nothing of value aside from the name and brand recognition or the company would have been profitable.
Do what you want with your money, but this is completely silly.
Oh so millions and millions of dollars worth of infrastructure (buildings, leases, transportation fleet and more is worth nothing?
Another company buying all of that for pennies on the dollar AND enjoying 5-7 years of no taxes isn't worth it?
You're dumb af. Go suck mud.
Yes, they are worth NOTHING.
How much property was OWNED and how much was LEASED?
I remember reading back before the BK that they leased all or most of their stores.
Commercial real estate leases, at higher rates than are available today, or worth NOTHING, or very close to it.
Car and truck leases are worth NOTHING.
These idiots were trying to stay in business. It is a sure thing they sold off everything they could, and left the business with a bunch of paper leases -- worth zilch.
You really should not show off how stupid you are by saying such things.
And in a public forum, no less!
LOL.
I'll enjoy coming back to this comment soon in another tax bracket.
Shills are everywhere. Just another bottom feeder.
It’s worth nothing if you OWE more than it’s worth.
I think the dumb ones are the ones who lost money on this obvious scam. You gonna apologize when nothing happens?
Debt doesn't transfer in this type of event. NOL's worth 5-7 years of that mean paying no taxes do however :-)
You seem to be the dumb one Sir.
Nothing of value? I'm not an expert on this, but even I can understand the basic concept that the NOLs are what the value is in this play; just like how Buffett was able to form Berkshire Hathaway.
Do you understand how a bankruptcy works?
Do you understand that bankruptcy proceedings can have more than one outcome?
A company bankruptcy turning into a carve-out or acquisition is a process where a financially distressed company undergoing bankruptcy proceedings sells a portion of its assets or business operations to another company, often referred to as the "acquirer" or "buyer." This transaction can be part of the bankruptcy restructuring plan and is designed to help the distressed company satisfy its debts and reorganize its operations. Here's how the process typically works:
Bankruptcy Filing: The distressed company starts the process by filing for bankruptcy, which can be either Chapter 11 bankruptcy in the United States (reorganization) or a similar proceeding in other jurisdictions. This legal action provides protection from creditors and gives the company time to develop a plan to address its financial troubles.
Asset Evaluation: During the bankruptcy proceedings, the company, often with the assistance of financial advisors or the bankruptcy court, assesses its assets and identifies which portions of its business are viable and valuable. These viable portions are potential candidates for sale.
Carve-Out Plan: The company creates a carve-out plan that outlines which specific assets, divisions, or business units it intends to sell to generate proceeds. This plan is presented to the bankruptcy court for approval.
Auction or Negotiation: The company may choose to sell these assets through an auction process, where multiple potential buyers bid on the assets, or it may negotiate directly with a single buyer. The objective is to secure the best possible deal for the assets.
Court Approval: The sale agreement is subject to approval by the bankruptcy court. The court ensures that the sale is in the best interest of creditors and that the price is fair and reasonable. If approved, the court allows the transaction to proceed.
Closing the Deal: Once the sale is approved, the distressed company transfers the specified assets to the acquirer. The proceeds from the sale are typically used to pay off a portion of the company's debts and other obligations as outlined in the bankruptcy plan.
Debtor Reorganization: The distressed company continues its bankruptcy proceedings to reorganize and stabilize its remaining business operations. This may involve reducing debt, renegotiating contracts, or making operational improvements to ensure long-term financial viability.
Post-Acquisition Integration: The acquiring company, after acquiring the carved-out assets, integrates them into its own operations. This may involve combining workforces, systems, or processes to maximize the value of the acquisition.
The key objective of this process is to enable the distressed company to emerge from bankruptcy as a more financially stable and viable entity, while the acquirer gains valuable assets or business units that align with its strategic goals.
A successful carve-out or acquisition in a bankruptcy scenario can provide a win-win situation: the distressed company can address its financial problems, and the acquirer can obtain valuable assets or expand its market presence. However, these transactions are complex and involve numerous legal and financial considerations, often requiring the expertise of bankruptcy professionals and legal counsel.
A carve-out can only happen in very limited bankruptcy cases.
Won't happen here.
Now that some of you pricks are pushing this story again on GAW, I became mildly interested in the story again.
It does not take much to learn that Overstock.com bought the brand name of "Bed, Bath and Beyond" for $21.5 million, and will start using that name on their website.
They will NOT be re-opening any brick-and-mortar stores.
My understanding from before was that most of those stores were leased, which means they have very close to $0 value, especially in a post-"Covid" economy where store space is much more vacant than ever before.
What other assets do they have besides brand name and real estate (in a commercial real estate market that is crashing due to much higher interest rates)?
Again, that is IF they had any real estate owned at all. My understanding was that their stores were leased, at what would likely be at much higher rates than current rates, which makes them worthless.
They were a retail company. The ONLY assets they have are garbage you can buy at Walmart or similar. Most likely, they will get a few cents on the dollar -- probably bought by Overstock.com.
They had $4 BILLION in assets -- ON PAPER. In reality, during a liquidation, it is worth very little. So, they got $21.5 million for the name. They will get squat for the leases and a few million for the inventory.
That will leave them WAY SHORT of the $5 BILLION they owe in debt.
Sure, debtors COULD (hypothetically) work out a deal on debt restructuring. This does happen frequently. General Motors did that, and many companies have done that.
BUT ...
GM and other similar companies filed BK when THEY HAD A REAL BUSINESS THAT COULD EVENTUALLY PAY OFF THE DEBT.
BBBY is ... OUT OF BUSINESS. Full stop.
OUT. OF. BUSINESS.
That means they will NEVER make any sales that could pay off ANY amount of debt.
Nobody is going to "buy" or "merge" their company with an empty shell ... IF they have debt to pay off.
Would somebody (like GME) possibly buy the empty shell because of tax deductions? Theoretically, it COULD happen ... BUT ... the debtors are NOT going to allow that to happen if GME/other company gets the benefit and the debtors get NOTHING.
Besides that, GME LOSES MONEY anyway.
They don't pay any taxes NOW because they LOSE MONEY.
Why would they pay good money to buy an empty shell so they could lower their taxes from $0 down to $0?
There are a TON of other companies out there that do make money and would outbid GME for it. GME does not have some secret handshake deal so they can just do what they want.
They would have to BID for it, and have no business reason to do so right now. Other companies would, though.
Do you ever look at these companies' financial statements? It's all public info.
And besides ALL OF THAT ...
So what?
Even if GME did buy the empty shell of BBBY, and did it for the tax money ... YOU WILL NOT MAKE ANY MONEY.
The BBBY shares have been EXTINGUISHED.
There is ZERO CHANCE that any bagholder will come out of this with anything other than a story to tell.
And those lying touts on Reddit (some of whom might be doing their dirty shit here on GAW) have told a fairy tale that too many people have fallen for.
The only thing sadder is how absolutely proud some of you seem to be about your ignorance.
Straw-man fallacy.
NOT ONCE DID I SAY THE STORES WOULD BE REOPENING UNDER "Bed Bath & BEYOND"
In fact I said quite the opposite.
ANOTHER COMPANY you feckless twit. (Teddy most likely) If you were launching a new biz and wanted to have infrastructure nationwide would you rather buy / build it from scratch over years at full price or would you rather get it for pennies on the dollar in a matter of months AND enjoy the tax benefits of the NOL's? DUHHHH!
oh year? Why are shorts still being charged interest and haven't gotten paid AND brokers are now saying there's a merger / acquisition and they are waiting on instructions? Why did they change the name to "20230930-DK-BUTTERFLY-1"?
Shares were canceled which is NORMAL during a merger / acquisition.
You don't even understand bankruptcy. You deff can't wrap your little mind around this.
New company taking old companies stuff minus name and using it to run new, DIFFRENT company.
Super simple stuff.
Ironic statement. Do you understand the difference between Ch 7 and Ch 11 bankruptcy?
Yeah.
So what?
So what don’t you understand about this restructure?
I called the big crash in GME stock and the bankruptcy of BBBY a good 6 months-1 year before it happened, and tried to warn GAW pedes not to get caught up in the tall tales the liars on Reddit were spinning.
But I was attacked repeatedly.
I was right, though.
I even showed why Ryan Cohen violated SEC regs with what he did in his BBBY stock and options transactions, and you know what happened?
Mod Bubbles Burst BANNED me for nothing more than disagreeing with him/her. No violations of GAW rules. Just pointing out fraud where I saw it -- with the SEC filings themselves.
Some of the people around here were so nasty about it all, that it does not suprise me to see that some of them held on to the very end.
Now, they are hoping that the liars on Reddit will figure out a story they can believe in so they can get their money back.
But Santa Claus left town -- with all the loot.
P.S. I have not been following this story lately, and did not know they sold their name. But you are right: that makes this story even more ridiculous, since that is the only asset they had that MIGHT be worth SOMETHING.
Also odd of this timing is right after the SEC introduced audit regulations regarding short selling reporting, who are being sued over it by Citadel
Doug Cifu agrees
PPSeeds is an actual retard