>rc buys 7,780,000 shares of BBBY, and $60-$80 strike calls worth 1,670,100 shares in March 2022>rc sells shares and calls of BBBY in august 2022>rc has a sitdown with a famous corporate raider, Carl Icahn in october 2022>rc offers 400 million for BBBY in December 2022>pitchbook (best M&A software suite in the world, costing 5 figures + per year) lists BBBY(now known as BBBYQ or DK-Butterfly-1) as sold in January 2023>one month later, February 2023 RC tweets “someone tell the government to stop shooting down my balloons”, alluding to bad actors delaying the Bed Bath m&a>Larry cheng (who helped RC build Chewy, and is a current boardmember at GameStop, and a close personal friend to RC) went onto theppshow podcast (which is dedicated to BBBY recovery theories) 8 months after BBBY filed for chapter 11, and 2 months after shares were cancelled>OverStock - who is the most famous company to battle illegal naked shorts, who even released a crypto dividend 5 years ago - purchased the BBBY IP, and owns 55% of the only approved blockchain entity who can issue debt instruments and securities>OverStock - whos now traded under ticker BBBY - has issued warrants with dates that match GME's warrants, and with a CUSIP-6 that matches BBBYQ's CUSIP-6, proving BBBYQ has already begun m&a activity with BBBYBBBYQ(DK-Butterfly-1), BBBY(OverStock) and GME are going to be restructuring in some way. Both GME's and BBBY's warrants are a dead giveaway.REQUIRED READING: bbbwhy.com>Larry Cheng went onto theppshow>pic relatedLast time on /BBBYQ/:>>62267191
>>62291677Do you really need two threads for a company that doesn't exist though?
>>62291679actually the CUSIP-6 of BBBYQ being used by the BBBY (yeah THAT overstock) warrants proves the company is not dead.
>>62291677uh oh
>>62291752cusip mistery
>>62291754
>>62291756red underline is stale information from the empirasign link
>>62291701The terrycloth of theseusreplaced one fiber at a time so the new owner would never have to pay the owners of the previous fibersthe original mortgage dumped so the house could be sold and the former tenants wouldn't get a dime.
>>62291770I dont care, i dont read
>>62291701Is it really the same company if the courts could sell it and not pay the former owners? what they actually did was strip the company of all debt (including debt to YOU) and then sold the assets off to another scam corporation. which you dumbasses then went and bought again so you could lose even more money on the same bad bet. Like some sort of masochistic paypigs that love giving their life savings to conniving scam artists disguised as pillow salesmen.
>>62291677Bless the baker
It's so exciting knowing the BBBYQ CUSIP is still alive and well. This 100% proves for a fact that the Towelkings won.
i dont care, i dont read.nothing see here
It amuses me you guys can explain away every little detail, jump to so many conclusions, and extrapolate as much as possible from only court documents, yet no one, not a single person, has been able to give any sort of explanation why it needs to take this long or when it can possibly end. Not a one. And no, just because the Overstock warrants expire in October doesn't mean that something will happen in October.
>62292705>GME OCt 30thKek kek karu
>>62291677>REQUIRED READING: bbbwhy.comThis is the schizo ramblings of a suffer of AI psychosis. You shouldn't encourage it.
>>62293138after this long anyone that thinks they're getting rich off BBBYQ is clearly schizophrenic though.
Is it okay for me to ask questions about this bankruptcy in this thread, or will I be crucified no matter what I ask?
>>62293555No, ask away. Just realize no canceled shareholders will ever get anything. Nothing can change this.
>>62293555There are no more questions to ask. We have the Cusip Confirmation.
>>62293649Which was confirmed to be irrelevant to BBBYQ canceled shareholders.They are getting nothing for the canceled shares.
>>62293702Looks like we're getting new equity, so yea.
What do we need to do to just buy the name of this shithole?I want an AI waifu brand that specializes in making your bed, cleaning your body and going beyond just cleaning your body boss.
>>62293731>Looks like we're getting new equitynope
So let me see if I have the whole scenario right.Bed Bath and Beyond filed for chapter 11 bankruptcy (reorganization) instead of chapter 7 (liquidation). Common stock was canceled.The original company was stripped of basically everything it had before bankruptcy including assets, warehouses, inventory, the IP, the ticker, and buy buy baby. All that is left is the original company shell, known as "DK butterfly" because it has no actual name, and whatever net operating losses the bankrupt company had.Most of the bankruptcy court hearings have largely dealt with paying off the creditors. Class 9 is set to receive nothing under the current plan. There is ambiguity on how concrete this plan is.Ok, now for my questions:>Why is this still considered a chapter 11 if the original company is not functional? It doesn't even have a name. The original company has already been dismantled, so it can hardly be reorganized.>Since this chapter 11 has been ongoing for years, who is to say it can't turn into a chapter 7?>Assuming for a moment that shareholders can eventually receive something, where will that money come from if the other priority classes haven't been fully paid yet?>If fraud was a significant factor in this case, why wouldn't the guilty parties be quick to make a settlement like they usually do whenever they are caught red handed?
>>62293799they've called it a liquidation in court
>>62293808So then it's a chapter 7 bankruptcy and not a chapter 11?
>62293606nope this is false per the official cusip global services>pic relatedhttps://www.cusip.com/pdf/news/CUSIP-ACommonLanguageForEfficientMarkets_2022.pdfNotice how the paid stock bashers need to swarm the beginning and the end of threads to try and control the narrative.
>>62293870I usually take a few days off per week from kekking baggiesnot my fault your threads literally die when I'm not here laughing at you. There is no organic traffic in your thread because you can only say>It's been proven, we already made it guys!so many times before people start to wonder where their money is if you've already made it and can prove ityour threads are dumb, you are insane, and your threads die in the middle because nobody cares about you enough to be here every single day like you are.
>>62293894At least your admitting that it's a part time job. You stock bashers used to be fun to interact with, can you spice it up a bit?What other stocks are on your list to bash for this week? A canceled one cannot be your sole focus right?
>>62293947it's not a job, I'm on a continuing 15 year mission to discover how actual retards manage to pay for internet serviceI realize they're not locking crazy people up as much in the US now, but it seems weird you can somehow afford internet and money to lose on meme stocks. If your parents knew what you were doing they'd probably cut you off.
>>62293799Checked but you're asking the wrong questions.
>>62293799My understanding is that the final decree is being held up as the court, acting on behalf of the creditors, is suing Ryan Cohen for several counts of fraud relating to the pumping and subsequent sale of the stock immediately prior to the BK filing.in the event this case is settled, shareholders could perhaps receive a few dollars as part of the defrauded class.It has presumably not been settled because Cohen could wind up facing criminal charges if he settles the case, which might also happen if he does NOT settle. Also of course Cohen claims he is innocent while the estate believes they have compelling evidence of his guilt.
>>62293799The soft minded people of these threads will try to tell you that the estate suing Cohen is normal and routine pursuit of all possible avenues to claw back some losses to the companyhowever this ignores the fact that Cohen is the ONLY shareholder being sued for fraud, and if such a suit were routine or performative you'd expect potentially dozens of other entities to also be similarly sued for fraudthe reality is Cohen appears to have committed fraud, but previous lawsuits against him have been tossed due to lack of standing, and there's a decent possibility that the lawsuit by the estate will succeed because the estate has standing by reason of owning the defrauded company and cancelled shares.
>>62294129specifically, shareholders of the company sued Cohen for fraud, but then their shares were cancelled, denying them of standing in the lawsuit. They no longer owned shares so they had no right to complain about Cohen defrauding them.This was quite convenient for Cohen, and not at all satisfying to anyone else, so the BK trustees went ahead and sued him again, this time with standingthese lawsuits are pending, and perhaps holding up the finalization of the BK because the courts feel there is a strong likelihood Cohen will be required to pay back some or all of the money he allegedly stole.
>>62294134>perhaps... because the courts feel there is a strong likelihood Cohen will be required to pay back some or all of the money he allegedly stole.this would be the source of any payment to former shareholders. If any of the fine and restitution is left over after lawyers and creditors are paid, which is itself pretty unlikely.
>>62294144Also it should be noted that Cohen only made about $70 MM selling BBBY, so even if he is found to have committed fraud in the sale, the settlement will not be nearly enough to make creditors whole, whether shareholders get a piece of it or not. Any payout to individual shareholders would be extremely small, and they are Last In Line to get paid.
>>62294153>they are Last In Line to get paid.If they're even in line at allI'm not sure how that works. If their shares are cancelled I expect they don't actually get any settlement money, but I don't know that for a fact.
>>62293799But my understanding is that the entire fraud suits against Cohen runs counter to the fantastic narrative of these threads, in that anons expect Cohen to acquire Overstock/BBBY and eBay using GME as leverage, and then give them equity in the new company for some reason that will be greater than the equity they lost in the BBBY bankruptcy and cancellation.I have never seen any particular reason advanced for WHY Cohen would give them equity in the new company except he's just a really nice guy. Which I seriously doubt, but whatever.
Uh oh, having a melty
Lmao, nice way to spend your Saturday, bud.
>>62294265I had a good day. I got laid, but I usually get laid. I played some BOTW. I'm working on flurry rushes. I just never got very good at them.One of my girlfriends made corn bread and BBQ ham. It was excellent, but a bit spicy. I ate it with sour cream and onion potato chips and some jack daniels. I listed some shit on eBay, and packaged up two items I sold so they're ready to ship on monday. I smoked a couple cigarettes and sorted part of my eBay death piles in my office.overall not a bad saturday. Thanks for your concern. I'll probably be here tomorrow as well since I have to work at my computer. I have my P&L's to get done for May as well as invoices to generate and submit to clients. First of the month is always paperwork day.
>>62294275You should have taken up creative writing instead.
>>62294289
>>62294320Oh, I owe you an apology. That settles it. I am convinced. Please tell your three weed smoking girlfriends that I said hello.
>>62294324do you not live with women? Do you find the idea of someone living with women to be unbelievable?
>>62294121>>62294129>>62294177You replied to my post 3 times and only gave half an answer to 1 of my questions before going on this tangent. Even a rational person could see that:>Ryan Cohen approached the BBBY board as an activist investor>BBBY board tells him to fuck off>BBBY board realizes Ryan Cohen will sell his position and move on>BBBY board and JPM coordinate with Jake Freeman and his "investors" to pump and dump the stock and then put the blame on Ryan CohenRyan Cohen couldn't reach an understanding with the corrupt board so he was forced to move on. If you think he committed fraud by backing out of his position, you're crazy.
>>62294066>I can't answer your questions, so those are the wrong questionsThat's what it sounds like
>>62293799Really? The thread experts can't answer these questions? What are you guys even doing with your time?
>>62293799Why is it called DK "Butterfly?"
>>62294890So then the chapter 11 reorganization of the original Bed Bath and Beyond means that Overstock and Dream on Me (buy buy baby) have to be involved since those companies carry the divided assets. So why has Marcus Lemonis (Overstock CEO) openly denied having anything to do with original Bed Bath and Beyond?Also "dividing its assets among its shareholders" doesn't work here because there technically are no shareholders.You can say whatever you want, but as it stands at this moment in time there are zero shareholders of original Bed Bath and Beyond because those original shares have been canceled. This is a fact.
>>62294925Large M&A transaction are always done in secrecy to prevent front running of the target acquisition. So you're either being disingenuous or retarded for asking this question all the time. Pick one. >There are no shareholdersThat's not true. The CUSIP is still being used to issue warrants so that basically proves the old shareholder interests have been preserved and at this point new equity will be distributed. This is all proven by the CUSIP Conundrum, because in no universe should another company's CUSIP start showing up on these securities. It would be like you filling out a government form and then accidentally using the wrong social security number. You're trying to pretend like this is was a mistake. A mistake that hasn't been corrected in 7 months. >but marcus saidIrrelevant. The only thing that matters is the CUSIP Conundrum. We've all been sitting here piecing the puzzle together anticipating M&A and then conspicuously the BBBYQ CUSIP shows up on BBBY's warrants. (The same warrants were issued by RC's GME. RC is GME's CEO and also listed as a creditor on the CH11 BBBYQ BK. With all that said, all you can do is cope at this point. The CUSIP is the smoking gun foreshadowing of what's to come for the Towelkings.
>>62294945If it's a secret, why do you know about it? If it is common knowledge as you seem to suggest it is, then that means the big players 100% already know too. Which also means front running is also possible. You say the details are a secret, but you call anyone not aware of the details to be stupid and dishonest. Which is it?You can lash out at me if you want to. I'm only here to ask questions and attempt to have a discussion.
>>62294983I think the transaction took place and the issuance of securities does not allow you to conceal the true/actual CUSIP. It looks like a loophole done on purpose to reveal to the public that BBBYQ reverse merged with BBBY. So at this point it doesn't even matter because the deal has already happened. The delay is simply allowing the plan man to continue his lawsuits.Regardless, your seethe posting still doesn't explain why BBBYQ CUSIP is on BBBY warrants. You simply don't have an answer to this Conundrum.
>>62295005>your seethe posting...how am I seething? I'm just asking questions.Anyway, if the transaction already took place, why are there still 2 different CUSIPs? When mergers take place between 2 entities, only 1 CUSIP remains. So if BBBYQ reverse merged with BBBY, there shouldn't be a discrepancy with the CUSIPs. I think you are trying to explain away the CUSIPs without fully understanding how mergers work. When two companies merge, the shares of one company are converted in shares of the new company. When this happens, both the shares AND the CUSIP of the merged company are canceled.
>>62295005To clarify its even worseThe first 6 digits is the issue number, the issuer was DK-Butterfly former BBBYQSo the entity, which is dead according to shils, issued warrants to a stock that isn't them, to exercise for stock that isn't them, with an acceleration clause to instantly exercise if 20/30 days is above $18, so the only explination is ;- DK owned by Cohen in a M&A move- Also owns BBBY (overstock) in the deal- which also owns majority in tZero- that had to audit shars to issue warrants so a census was taken- On the OLD cusipDid you understander what that last bit means?
>>62295050They haven't issued the new shares yet to the shareholders. But that's exactly why the CUSIP is incorrect is because the issuing entity is NOT BBBY. It is BBBYQ.>>62295054>Did you understander what that last bit means?Tell me, King. Does it mean that the RICO extends to the DTCC who was fraudulently counterfeiting locates in order to assist in the theft of BBBYQ equity?
>>62295067>Tell me, King. Does it mean that the RICO extends to the DTCC who was fraudulently counterfeiting locates in order to assist in the theft of BBBYQ equity?Why yes it does, it is a massive short seller sting operation, much bigger than Cohen.People still think this is about bideo games and towels. It's about replacing the NYSE and the DTCC
>>62295067So original BBBY gave up its IP and ticker to Overstock only to have Overstock merge into original BBBY? What's the point of this being so roundabout?
>>62295075As powerful as hedgies think they are, they got caught big time on MMTLP in some pretty brwzen schemes. BBBYQ and GME are other examples of the hubris of them openly counterfeiting and not even pretending that sharecount is supposed to mean anything. At some point you have to slap these people down and it comes only after they spilled their spaghetti all over. How can someone like RC step in to try to grow a business in America when there are thieves openly operating in the equity markets to steal shareholder value? Why participate at all? You can't have an actual economy trying to do the hard work of creating jobs and taxes and sales only to have some faggot-short-hedgies sitting on the sidelines doing nothing but counterfeiting the shares. That shit has to be stopped from a practical standpoint. And they broke the law and a cadre of billionaires with their own high powered lawyers and prosecutors have shown up with the blessing of the President. Things are going to get spicy for all of us. Also, the economy is suffering under crippling deflationary pressures. Cracking open a short hedge fund like an egg to fry up the yolk will probably go a long way in terms of can-kicking this retard service economy we have. I almost wonder if it was a "feature".
>>62295104>MMTLPThose clowns aren't getting shit either.
>>62295154They just won a pretty big case recently. Shorts are in some very big trouble. They got way too brazen and even their control over the SEC was not enough to contain the carnage. You can't just steal billions of dollars through counterfeiting and they got caught worse on MMTLP than even GME or BBBYQ. MMTLP is a very big problem that can't not receive justice.
Ok, let me reassess the situation to see if I understand it correctly.>Original Bed Bath and Beyond undergoes chapter 11 bankruptcy>It's original assets are preserved by other companies (Overstock one of them) while court hearings continue to pay off all creditors>The original Bed Bath and Beyond's shares are canceled, but its CUSIP remains>The nameless tickerless entity known for now as "DK butterfly" is a shell that can be used since it has a CUSIP>Overstock issued warrants with the DK butterfly CUSIP knowing that Overstock shareholders will eventually be able to exercise those warrants to eventually obtain shares in the new nameless company>Classes entitled to compensation from the original Bed Bath and Beyond will receive shares of this new company as part of reorganizationThis all sounds reasonable to me. However one thing does not make sense: what mechanism in this scenario will allow former canceled shareholders to receive new shares?The way I see it, the reorganization will proceed with the appropriate classes being compensated with a stake in a new reorganized company. No new CUSIP needs to be created because the shell already has one. A CUSIP can exist and be unchanged while old shares remain canceled and completely new shares are issued.If the estate is currently struggling just to satisfy all classes, how would there be enough leftover for class 9?There's no way the new reorganized entity will have enough to reimburse ALL former common shares even if class 9 was allowed anything (the current plan says class 9 gets nothing).I really don't understand how the preservation of the CUSIP of the original company entitles former shareholders to receive new shares.
>>62295241And the NOLs of the original Bed Bath and Beyond if preserved would only amount to a few billion dollars.Where is the money going to come from? Because it would have to be a lot.This is typically why shareholders get hosed in chapter 11 bankruptcies. It's because bankrupt companies don't have much money.
>>62295247>Where is the money going to come from?JPM settled for an undisclosed amount. A few billion dollars is a fraction of a percent on their ledger.
>>62295159MMTLP has won cases against NASDAQ & FINRA in the last two weeks. Tik-tok, short fuckers.
>>62295247The money will come from DTCC. We'd already seen the smoking gun proving sabotage, we've seen Holly Etlin testify to the $5BN true valuation of this company. And that is all we need to prove that the shareholders were damaged to the discounted cashflows from this business in perpetuity. JPM Morgan and the DTCC collectively have trillions of dollars of value to which they can use to pay the Towelkings. That's probably the heart of what these redactions are all about. A massive M&A along with a massive fraud suit against the DTCC. At this point after all we have seen thus far, acquiring hundreds of dollars per share for the Towelkings will be negligible. Systemic naked short selling is illegal and a turnaround was entirely possible at the time RC showed up. The intensity and desperation of the short sellers was comically conspicuous. >Billion shares trading a day>Barcode algo>CFO getting thrown from the window>Virtu spilling his spaghetti all over a supposed winning trade. >JPM (class 6) getting paid out early before other class 6 which is illegal. It all just keeps stacking up in our favor. And to seal the deal we already have the CUSIP Conundrum.
Well I think there are some reasonable explanations here, but also some stretches. Ultimately seems like there is a lot up in the air at the moment. The most vocal crowds that say they already won and those that say it's over both appear to be jumping the gun a bit. The way I see it, former shareholders should probably view this as "if it happens, great" and if not, "oh well." Good luck to those banking on a payday, because I would hate to be in a position where I desperately need a positive outcome from this. Pretty unusual to see a chapter 11 go this long and I don't know if that is a good or a bad thing.
Boy, those Maxipads sure do get upset at the thought of RC holding short sellers to account over BBBY. Their heads start spinning and they real bent out of shape. I thought we were on the same side but I guess not? Sounds like they might not actually be investors to celebrate the Cusip Conundrum but act more like hedgies frightened by the Cusip Contagion.
Hey Lilcapital aka Big TAyour voice is fucking disgusting I can hear your nigger lips smacking into the mic and your pit bull nasal cavities. I can tell youre indian as well Just all around a disgusting subhuman You should kill yourself Seriously.
>>62295573Yet they haven't won their money back.
>>62295998Lots of seething going on on this beautiful Sunday afternoon. All because they do not have an answer to the Cusip Conundrum.
>>62294890>DK>He did it for free
>>62296029He supposedly comes as a highly regarded professional. Was he rused in to accepting shares as compensation? Could he not see the outcome and the risks involved here?
>>62295999S-1 approved on Thursday. Tik-tok.
>>62296039Why did he work for free until 2025?
>>62294623>If you think he committed fraud by backing out of his position, you're crazy.or an SEC investigatoror an SEC lawyeror a shareholderor a lawyer for shareholdersor the estateor a lawyer for the estateor the trusteeor the lawyers for the trusteesthe problem with you trying to defend Cohen is that far too many people have sued him for there to be ZERO evidence of crime.And those same people suing Cohen are not suing anyone else. This isn't some random attempt to get money. Which wouldn't work anyways. You can't sue people for no reason without expecting to get sued back.
>>62294623>BBBY board and JPM coordinate with Jake Freeman and his "investors" to pump and dump the stock and then put the blame on Ryan Cohenwhy would they pick Cohen to frame, how did they get Cohen to play along with framing himself by tweeting bullish emojis and then selling the exact top, and how did they actually execute the P&D if not through Cohen's accounts?the problem with your absurd conspiracy theories is aside from them making no sense, Cohen still profited from his actions.it would be a lot easier to say Cohen wasn't in on the fraud if he didn't collect $70,000,000 from it.
>>62294623In fact not even Cohen is saying he was framedCohen has not denied any of the activities that lawyers are saying constitute fraud.he has only denied that he INTENDED to commit fraud. Which is a normal defense when you've done things that look like fraud. Because fraud requires proving he INTENDED to rip of shareholders, and that's difficult to prove.however it would be impossible to sue him for fraud without any evidence that he intended to commit fraud. If the plaintiffs have no evidence against Cohen, the case would just be tossed out immediately. The cases are not tossed out, so the plaintiffs must have some evidence he committed fraud.
Didn't you have three weed smoking girlfriends to tend to? You must have a very long refractory period.
>>62296309you misunderstand the relationship, probably because you lack imagination.I don't take care of them aside from providing a house and utilities and food. They take care of me by cooking and cleaning and doing other miscellaneous things I like or need.
>>62296238>the case would just be tossed out It was tossed out
>>62296029>>62296110Hrmm... looks like what we have here is quite the Kastin Conundrum!
>>62296749>It was tossed outthen why are they still suing him?
D word niggers don’t know the difference between civil litigation and criminal proceedings.
>>62296866The class action was dismissed 2 years ago. The lawsuit from the estate (which the plan administrator is required to do by law) was dismissed in part and appealed in part over a year ago. This is the lawsuit that keeps getting delayed with obvious delaying tactics. The latest delay was for up to 2 months just 2 days before a witness deposition was due because the deposing attorney couldn't manage her time properly. They're just stalling because stalling is all they can do.
>>62297015>which the plan administrator is required to do by lawevery time Ryan Cohen is a shareholder or against every single 5% shareholder?because as far as I can see there were dozens of 5% shareholders and they only sued Cohen.
>>62297083The law requires him to pursue any potential avenues of recovery, therefore he had to sue RC because of the possibility that such litigation would brief relief to the estate
>>62297115so he had to sue Cohen by law because there is a chance Cohen engaged in crime and the estate could claw back some of his illegal gains.
>>62297115also he did not have to sue other shareholders because they did not engage in crime and could not be required to pay back illegal gains
And yet nothing has come of it
>>62297151just like nothing has come of the cusip use by overstock
Round and round we go. Beep boop.
>>62297160I suppose so. It would be nice if we could bet on the outcomes. I suggest RC will not be required to pay anything back, and former shareholders will get nothing. however without a firm deadline for shareholders to get nothing, any bet would be pointless. Every time shareholders get nothing, a handful of you come up with outlandish stories about how you're getting paid in 6 more months.
>>62297140Damages in a civil case are not a crime you fucking idiot.
>>62297237they don't force people to pay back legal gains in a civil suit
>>62297240The purpose of a civil suit is to prove damages or liability. It has nothing to with crime. You’re an absolute fucking retard.
>>62297244In the united states, anything you can be successfully sued for is generally a crime.you can't be sued to give up legal gains.
>>62297140>maybe Cohen is a criminal!>>62297165>but maybe he's not>>62297261>or maybe he is!I taught you better than this.
>>62297305Lots of criminals get out of paying for their crimesin fact rich people regularly do crimes and pay nothing.
>>62297305also of course I can't say Cohen is definitely a criminalnot only do I not know if he's guilty or not,but claiming he's guilty without evidence would also be a crime
>>62297336Yeah, I definitely wouldn't want to get involved with Uncle Rico
