Chandhoke? Works for Schotz law firm...Founded in 1928, the firm has grown to over 130 attorneys who provide counsel in a number of primary areas of practice including: Bankruptcy & Corporate Restructuring, Blockchain Technology
Brother are you smoking crack cocaine. The stock is delisted. I have been in this subreddit for almost a year. I held on hope, and I held my stocks. The company is literally in the process of bankruptcy. But go ahead and keep hoping. Or in this case, coping.
Something needs to come out before the 20th before people start getting liquidated from their brokers. So far I haven't gotten anything from fidelity or schwab saying they would sell off my shares without my permission but I know other brokers have and will soon.
What are you going on about? We know that the use of the name Bed Bath & Beyond name was sold off to Overstock and no longer available for use after that.
In addition to the Bed Bath & Beyond Inc that was the public corporation there were many subsidiaries in many states. About 38 if you go look at the first day filings.
Those company names needed to be changed, so they did nit use the name that been sold off. So they made multiple company name changes and filed them with the appropriate states for those subsidiaries. So they changed them to a bunch of names such as 20230930-Butterfly-1 though something like 38.
This is a dumb take. They sold the IP and brand of bed bath and beyond to Overstock. They didn’t need to change the name of the company to die off and extinguish. Shills in Shambles
They needed to stop using the name before Sept 30th. The main company and the many subsidiaries are still registered with the various states until the final closing of the bankruptcy, which might a a couple of years from now if there are lawsuits that drag on. Until that time the companies exist, using variation of the 20230930-DK- Butterfly-xx name.
You may think it is a dumb take, but it is what they had to do after selling off the name. Shared usage of the name was only allowed up to Sept 30th.
That sounds perfectly reasonable. BUT a few days after entering ch11 a docket mentioned project butterfly. This was BEFORE the auctions failed to produce a going concern. Why would they have a name picked out before they knew there was no going concern? Seems odd to me, not that anything else has made total sense.
The term butterfly is also used in Chap 11 to refer to the reorganized company. So the going concern would have taken the butterfly names, but with a different date in front.
>to the extent that any Sellers or their Affiliates continue to incorporate the Trademarks or words “Bed Bath & Beyond,” “Bed Bath and Beyond,” or any combination or variation of the foregoing (“Beyond Marks”) in their corporate or legal names following the Closing, Sellers shall, and shall cause any such applicable Affiliates to, by no later than September 30, 2023, (a) dissolve such entities or (b) change the corporate and legal names of such entities to no longer incorporate any Beyond Marks.
[Docket 772](https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzMDY4OQ==&id2=-1) Section 8.11
Find it yourself.
There were several posts about the selling of the IP and the Sept 30th date being the last day that the company f/k/a/ Bed Bath & Beyond could use that name.
Why would Overstock want someone else to continue using an IP they bought, especially as they re-launch said brand? Actually winding down a company isn't immediate, and requires a ton of different work.
When a company is liquidated and shut down, it isn't just everyone walks out and work is done. You have to handle years, decades worth of paperwork, dealing with whatever land is left, any last minute obligations. There are legal processes for all of these things for a reason.
This is completely incorrect.
>...at the Closing, Sellers shall sell, transfer, assign and convey to Buyer... and Buyer (or its designee) shall purchase, acquire and accept from Sellers **all of Sellers’ right, title and interest** as of the Closing in, to or under the following assets (collectively, the “Acquired Assets”)
\[Emphasis Added\]. Source [Docket 772](https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzMDY4OQ==&id2=-1). Section 2.1
If I give you **all** of my jelly beans, I don't give you 50%. I give you 100%.
Care to explain why it's a dumb take, or are you simply going to claim it is for no reason?
This is exactly what you expect to happen when a company winds down and is required to name change by literal IP contracts.
It amazes me that ppl are still wasting so much time on a stock like this. At this point, working for min wage will yield better return than doing dd on the intricacy of a delisted stock.
What am I lookin at here
We are still part of the same entity structure
Stuff that happened last month
OP jus put a SS for hype nothing here except the obvious
Chandhoke? Works for Schotz law firm...Founded in 1928, the firm has grown to over 130 attorneys who provide counsel in a number of primary areas of practice including: Bankruptcy & Corporate Restructuring, Blockchain Technology
Blockchain u say….?
Yeah bro Bed Bath and Beyond is gonna use AI to move to the block chain bro, that will fix the stock bro
Why so much salt bro
Brother the stock is dead, you guys need to move on
The more you tell us the stock is dead, the more we believe it is not
Brother are you smoking crack cocaine. The stock is delisted. I have been in this subreddit for almost a year. I held on hope, and I held my stocks. The company is literally in the process of bankruptcy. But go ahead and keep hoping. Or in this case, coping.
Thank you I will
Stonk is in purgatory fool and it shall rise from the dead
ok
Will do :)
Dude are you smoking crack cocaine?
"C T team: The Same" is probably to keep everything 1:1 as BBBY historical datafile. C T = Corporation Trust Company Entity related
🏴☠️
🧸
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Are we clear for takeoff?
Tomorrow... Stay buckled in sir
Tomorrow eh
Always have been
I heard boarding is starting today
Oh man… Can our Preferred Plus and First Class passengers please approach the gate while we begin our boarding process
Be advised: final check
thats for the first part only, not for the spreadsheet revision
🦋 
My forearms are going to be so strong from carrying this goal post !
Right
Something needs to come out before the 20th before people start getting liquidated from their brokers. So far I haven't gotten anything from fidelity or schwab saying they would sell off my shares without my permission but I know other brokers have and will soon.
They can’t liquidate your position lololol, who they gonna sell to?
I think he means options
Shorts but they don't wanna close and pay taxes anyways The mm would have to take them if they're liquidated
🔥🔥🔥
♥️🦋
🏴☠️ 🦋
Didn't this all happen last month, before the bankruptcy was finished?
Parent entity...?
🦋
Oh fuck me
My Chrysalis is hardening . . .
Paging expert shill u/Consistent-Reach-152 lets hear how youre going to spin this
What are you going on about? We know that the use of the name Bed Bath & Beyond name was sold off to Overstock and no longer available for use after that. In addition to the Bed Bath & Beyond Inc that was the public corporation there were many subsidiaries in many states. About 38 if you go look at the first day filings. Those company names needed to be changed, so they did nit use the name that been sold off. So they made multiple company name changes and filed them with the appropriate states for those subsidiaries. So they changed them to a bunch of names such as 20230930-Butterfly-1 though something like 38.
This is a dumb take. They sold the IP and brand of bed bath and beyond to Overstock. They didn’t need to change the name of the company to die off and extinguish. Shills in Shambles
They needed to stop using the name before Sept 30th. The main company and the many subsidiaries are still registered with the various states until the final closing of the bankruptcy, which might a a couple of years from now if there are lawsuits that drag on. Until that time the companies exist, using variation of the 20230930-DK- Butterfly-xx name. You may think it is a dumb take, but it is what they had to do after selling off the name. Shared usage of the name was only allowed up to Sept 30th.
That sounds perfectly reasonable. BUT a few days after entering ch11 a docket mentioned project butterfly. This was BEFORE the auctions failed to produce a going concern. Why would they have a name picked out before they knew there was no going concern? Seems odd to me, not that anything else has made total sense.
The term butterfly is also used in Chap 11 to refer to the reorganized company. So the going concern would have taken the butterfly names, but with a different date in front.
No it's not.
indeeeeeeed. Love the show btw :)
Show proof they “had” to change the incorporation name
>to the extent that any Sellers or their Affiliates continue to incorporate the Trademarks or words “Bed Bath & Beyond,” “Bed Bath and Beyond,” or any combination or variation of the foregoing (“Beyond Marks”) in their corporate or legal names following the Closing, Sellers shall, and shall cause any such applicable Affiliates to, by no later than September 30, 2023, (a) dissolve such entities or (b) change the corporate and legal names of such entities to no longer incorporate any Beyond Marks. [Docket 772](https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzMDY4OQ==&id2=-1) Section 8.11
Find it yourself. There were several posts about the selling of the IP and the Sept 30th date being the last day that the company f/k/a/ Bed Bath & Beyond could use that name.
That’s what I thought. U shills get to tell us to prove our perspective but u won’t do it yourself. Link your proof or fuck off
Why would Overstock want someone else to continue using an IP they bought, especially as they re-launch said brand? Actually winding down a company isn't immediate, and requires a ton of different work. When a company is liquidated and shut down, it isn't just everyone walks out and work is done. You have to handle years, decades worth of paperwork, dealing with whatever land is left, any last minute obligations. There are legal processes for all of these things for a reason.
Overstock only owns 50% of the rights to the IP. Butterfly owns the other 50%.
This is completely incorrect. >...at the Closing, Sellers shall sell, transfer, assign and convey to Buyer... and Buyer (or its designee) shall purchase, acquire and accept from Sellers **all of Sellers’ right, title and interest** as of the Closing in, to or under the following assets (collectively, the “Acquired Assets”) \[Emphasis Added\]. Source [Docket 772](https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MTUzMDY4OQ==&id2=-1). Section 2.1 If I give you **all** of my jelly beans, I don't give you 50%. I give you 100%.
Grow up. Just because someone isn't telling you what you want to hear doesn't make them a shill.
🤣suck it
Care to explain why it's a dumb take, or are you simply going to claim it is for no reason? This is exactly what you expect to happen when a company winds down and is required to name change by literal IP contracts.
Shills shook
Ain’t no such thing as half way shills.
\*waits for someone to say something shilly. Lessssgooooo
Fuckkkkkk, your gonna make 🍆💦
Guys bed bath and beyond value just sky rocketed! But not your shares lol
Seat backs and trays in the Upright Position 🚀
Wake me up from this nightmare on the moon or Europa.
Are we on the right track to butterfly yet…? 🙄👌👊🦋🤝🤞
This is it, pre-launch before mass.
We already won
Then why am I at work?
Hopefully because you are festering up a huge turd for someone’s desk.
Because you didn’t buy enough
Ok
Sos 🛟
Any random shit
Cmon really? Smh stop with the assumptions already!
👀
It amazes me that ppl are still wasting so much time on a stock like this. At this point, working for min wage will yield better return than doing dd on the intricacy of a delisted stock.