Interesting timing considering BBBY merger / acquisition announcement coming out later today or tomorrow.
(media.greatawakening.win)
🔍 Notable
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (72)
sorted by:
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.