Interesting timing considering BBBY merger / acquisition announcement coming out later today or tomorrow.
(media.greatawakening.win)
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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.
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.
Ironic statement. Do you understand the difference between Ch 7 and Ch 11 bankruptcy?
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.