True,but you can still buy the bonds and some of them may be convertible. And they want people demoralized so they sell cheap when it comes back,instead of buying more.
Right now they are clearly delaying it,they can bring it back at anytime. JP Morgan was pulling a bunch of shenanigans with the board of directors pretending to buy back the stock and they just borrowed it. BBBY also paid in average about 60 dollers per share,when the average price was around 30 buying back the shares..... and they borrowed money from JP Morgan to do it.
That's why they went bankrupt.
I'm writing this from memory,I would have to research the exact numbers.
True,but you can still buy the bonds and some of them may be convertible. And they want people demoralized so they sell cheap when it comes back,instead of buying more.
Right now they are clearly delaying it,they can bring it back at anytime. JP Morgan was pulling a bunch of shenanigans with the board of directors pretending to buy back the stock and they just borrowed it. BBBY also paid in average about 60 dollers per share,when the average price was around 30 buying back the shares..... and they borrowed money from JP Morgan to do it.
That's why they went bankrupt.
I'm writing this from memory,I would have to research the exact numbers.