do you still own them
No.
and do they still exist?
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.
If a merger does happen, then do your shares come back?
No. New shares could be issued, but you would have to buy those with cash.
I own shares of bbby and gme. If you own both gme and bbby, would they convert into shares of the merged company?
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).
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?
do you still own them
No.
and do they still exist?
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.
If a merger does happen, then do your shares come back?
No. New shares could be issued, but you would have to buy those with cash.
I own shares of bbby and gme. If you own both gme and bbby, would they convert into shares of the merged company?
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 cash to pay liabilities, 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).
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?
do you still own them
No.
and do they still exist?
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.
If a merger does happen, then do your shares come back?
No. New shares could be issued, but you would have to buy those with cash.
I own shares of bbby and gme. If you own both gme and bbby, would they convert into shares of the merged company?
No. They don't exist, so there is nothing to be "coverted."
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 cash to pay liabilities, 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).
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?