Interesting timing considering BBBY merger / acquisition announcement coming out later today or tomorrow.
(media.greatawakening.win)
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Yes, absolutely I will admit when I’m wrong.
What is your time cutoff? GME has been floundering since the reverse split and there are still people that think Sears is making a recovery.
I don’t want to hear in 5 years that “it’s still just around the corner and totally happening”.
The original post says a big announcement is coming yesterday or today. And if there’s no announcement?
All the future calls and puts were moved to yesterday.
A multitude of brokers are now responding saying that there is a restructuring / merger. They are waiting on corporate action and instructions.
At this point we know for a fact that this is not a simple bankruptcy and we're beyond that. The court filings say so. The changing of their transfer agent says so. The fact they just hired a lawyer that specializes in reorganization says so. The fact that people with short positions are not only still not getting paid but they're being charged interest keep positions open says so. Also the fact that people that are learning out shares are still being paid interest says so.
I was hoping for an announcement at market close yesterday as the ideal time frame but That was my hopes, not anything beyond that.
We are in the middle of a corporate action. At this point I'm guessing the announcement / action is this coming week unless I see new court filings extending it.