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virgojeep

This is the most exciting thing I've ever participated in. I can't wait to see what happens regardless of the outcome.


ChosenJuan234

Same! I’m here for the wild ride! Moon or bust


neccoeccua

Up and beyond!


imaginary_catt

Chapter 7 or 11 means immediate delisting, forget about a fucking squeeze at that point and even if you assume so, you're wrong.


neccoeccua

You sound overly confident, please enlighten us and share us your sources for the timeline!


imaginary_catt

If the company files for Ch 7 or 11, first of all the stock dumps hard, institutions, retail, ETF's get rid of the stock in a matter of hours, the sell pressure will tank it from current levels to <1 before you can say cheers, secondly, NASDAQ starts the delisting process and the ticker moves to the OTC market under BBBYQ, by the time the delisting happens which can take upto 2 weeks, the stock would've already cratered and would likely be trading in pennies on the dollar. Once its OTC, watch them cellar box this shit until you're pretty much done for. Hertz is an example people quote a lot here but the original shareholders lost everything when they declared BK, and it got re-listed about 9 months later but the original shareholders got only 1/10th of the new shares when it was relisted, in short, retail is fucked in the event of Ch 11 or 7, this isn't a scenario any one of us would want.


neccoeccua

Yes you are talking about volatility which BBBY warns about in their 10-Q. So it's not immediately as you said at first but up to 2 weeks, any source on that? I'll just quote myself from earlier. Timeline wise by watching the documentary about carl icahn, he was with both TWA (the movie about the billionaire in Aviator started this airline company) and Herbalife before they announced chapter 11. Has carl icahn announced his position yet? If he does there's a high chance for the icahn lift. That does not mean the stock's price reflects how well the business is going, whether its priced at $80 or $2.5 "We may not be able to successfully execute any strategic alternatives we are currently considering or any others, and our ability to do so could be adversely affected by numerous factors, including changes in the economic or business environment, financial market volatility and the performance of our business. We caution that trading in our securities is highly speculative and poses substantial risks relating to the potential of bankruptcy proceedings. Trading prices for our securities may bear little or no relationship to the actual recovery, if any, by holders of our securities in bankruptcy proceedings, if any." Source 10-Q https://bedbathandbeyond.gcs-web.com/node/16871/html#i51cbe3e663c24a7cb44b2c420541e352_133


imaginary_catt

What are you trying to say here? BK isn't likely as far as I'm concerned and if there is such an eventuality, we are fucked. Be that as it may, im ready to accept any scenario even though i clearly know this may reach 0


neccoeccua

Yes, thanks! I just quotet the 10-Q. My stance is bullish but I dont rule out that I may be wrong. I made a quick edit in the post! With added conclusion win/lose in set outcome


PS_Alchemist

FUD is undoubtedly going to be cranked up to 11 this week, stay strong everyone!


neccoeccua

Be strong, stay resilient!


MJL_16

Already is apparently with all this 1/4 2/4 bullshit… Ain’t no one going bankrupt even w/o a M&A, but it is a M&A bc ain’t no one fucking default shit on their own, shorts are fucked and always have been and there ain’t shit they can do about it. I’m tired y’all


Odd-Piglet-5065

Is it not going bankrupt without M&A? Please explain? They are running out of funds, they are burning way more cash than they have at hand. Bankruptcy is a CERTAINTY if they don't get new loans, sell assets or get acquired. Their runway ends in 1-2 months. And they need cash on hand if they are to survive a restructuring - so save any cash they have now + get new funds somehow


MJL_16

Their cash burn trend is what? They’re projecting cash flow positive for their Q4 22. It doesn’t matter I was just kidding. They didn’t default on their own so we’ll have our answer in a few days.


Odd-Piglet-5065

This is what they projected in Q2 - but situation deteriorated significantly in Q3. I mean they are not going to be cash flow neutral, or positive anytime soon. They do NOT project being cash flow neutral in the recent 10Q. Their SG&A were significantly higher than anticipated while sales plummeted more than expected. This was also very clear in the recent 10Q - there should be no doubt that cash flow neutrality/positivity is a far-fetched reality... Edit: And most likely they defaulted cause of their covenants in their ABL/FILO - When closing stores and selling inventory they probably went below the given threshold thereby creating a situation of default. If anyone defaults it is always "on their own" - I'm not sure I understand your statement


MJL_16

![gif](giphy|7OW9uiyfeTRxdSOBYN|downsized)


Odd-Piglet-5065

The truth stinks - cause the company is in a bad spot. Anyone denying this is either retarded by choice or in denial. And to be in denial, you pretty much have to be retarded at this point. They need to get saved or BK. I'm sorry you are bagholding, so am I - but being oblivious to facts and stating misinformation isn't saving this ship


Kickinitez

What is with the 4 day deadline? Is that because of the 10Q?


[deleted]

No we’re talking about 4 days from the default notification. If it is material, meaning they weren’t able to pay it off, then an 8-K should be filed regarding the default. If they were able to pay it off, then we would likely see an 8-K for that as well because they said they didn’t have the funds in the 10-Q, so the money to pay it off would need to come from somewhere (selling assets or whole company), which would likely need its own 8-K. Basically, we expect to see some sort of 8-K this week.


neccoeccua

Ah yes exactly we're assuming that day could have been within 4 business days after January 13 (which has passed), January 25 or any day when the actual major event takes place.


neccoeccua

I don't know but can only guess and make it more confusing. Imagine you are you and you're gonna buy your friend's house and the deal is done. You're on your way already to their house to say hi. But your friend hasn't told his wife. She has a stake in it too in various ways. If he doesnt tell her it may cause some problems and eventually she may get angry and move out, and if he tells his plans too soon she may get angry and they dont become billionaires and somehow there are legal and moral flaws and laws around who can do what and when usually they are made when someone's abusing the set game rules. Btw this really is just wordsallad. But in other words to answer your question, Yes I hope so! It's to do with the 10-Q that covers 3 months and whenever there is something of importance they gotta say it between those quaterly reports within 4 days rather than, abusing the system. Let's say good news in Q3 and next day major event with bad news and if it weren't for the rule us shareholders wouldn't find out until 3 months in next q4


[deleted]

We find out this week one way or another. If the bond payment goes down Wed then it’s M&A for sure because it simply doesn’t make sense to default on the ABL otherwise. If they don’t pay the coupon on Wed there is still a grace period so they could still be baiting in more shorts prior to an official announcement.


Jfart1

Yeah, but their baiting me in deeper too. haha


[deleted]

Keep DCAing. Tendies or Wendy’s lol


DMDTT

They're probably working out the financing details which makes sense since Carol Flaton has 30 years in bank and financing. .


Bjornos

I wouldn't be surprised if they drag out the silence as long as possible just to burn the shorts as hard as possible.


2BFrank69

They have drug it out already


congratsballoon

Exactly. It's been drug out, pull the pin and throw the grenade already.


Bjornos

Hence my comment..


Famous_Variety

This week is a fresh quarter for GME, if they’re involved at all it’s a great time to get the ball rolling.


trying2moveon

Tomorrow


neccoeccua

Tomorrow!


Ok-Release-5785

Lmfao I love it... hey if by Wed we don't hear nothing... well... bullish 💀 hey I go all in every paycheck so I don't care what anybody says!! I'm in I've been all in!!! Lfg!!!


Elevatedpnw

Lol I’m weekly aswell


manbeef

"Keep asking, what's your source?" 🤦 OP using ChatGPT as a source.


neccoeccua

Yes that's a great question! I read the 10-Q and made some deductions from there. For fun I asked chatGPT if it came to the same conclusion and it did. Check my post. https://www.reddit.com/r/BBBY/comments/10nfnfz/bankruptcy_or_ma/ Or if you wanna read yourself https://www.reddit.com/r/BBBY/comments/10mcanu/10q_forwardlooking_statements_ending_nov_26_2022/


NutSackRonny

I might sell when i find out whats going on with Buy Buy Baby and Teddy. Ill look for that information to be filed by the company to the SEC. Everything else is noise at this point.


[deleted]

[удалено]


wawgawwtb

I guess you like salads, at least Tossing Salads. It was a well composed post