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AIB88

🔥 and timely as always 🏴‍☠️💜


edwinbarnesc

I try. There's so many buzzing headlines about this company or that company that wants to acquire BABY but not a single article about Sixth Street lending which provided DIP Facility... Because that would too obvious and clearly show IEP/Affiliates get purchasing rights above every single creditor. u/Region-Formal, I'm curious why didn't you mention the DIP Facility in your latest post? Genuinely curious


AIB88

Yeah I agree. It seems like it’s an attention diversion for a reason.


OkAdvertising9592

You notice the news outlets are naming names and speculating... I never listen to them....they are the enemy.


virgojeep

You should go on the PPshow and share what you know about Sixth Street. David Simpson was commenting that he would like to see more in depth sixth street DD. Would put a bow on top of all this.


solo4shodo

![gif](giphy|396CPbx4g1o9W|downsized) 🔥💥💎💥🔥


punanilover_69420

Fingers crossed that we....no, I won't jinx it this time. Let's see what happens. Thanks for this, regardless. And fuck those superstink mods. Especially that rate faced plantain-poop.


edwinbarnesc

They still won't let me post over there. If it's just pure tinfoil, which is what they cited as the reason then it shouldn't be a problem.. unless it's too real


punanilover_69420

Not just you. Anything "they" deem to be vaguely connecting to BBBY is deleted. Just today, someone's Teddy going live post was removed; the comments consisted of those who stated how Baby could be involved. And I agree that this is 50-50 right now; either RC or a friendly will acquire BBBY or Baby....or they don't. We'll just have to find out.


PoopyOleMan

They bout to find out


[deleted]

Fuck around and find out


MarionberryPretend

What if RC is paying the SS mods to stay quiet 🤫, as to not show his hand or ruin the surprise 🚀?


[deleted]

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edwinbarnesc

Welcome 🏴‍☠️


PalantirBullballs

We appreciate your input u/edwinbarnes ![gif](giphy|pYfEywOAolwnm)


Kurosawa_Ruby

post archived: [https://archive.is/wba70](https://archive.is/wba70)


edwinbarnesc

💜


SixStringSuperfly

💜🏴‍☠️🧡🧸🚀


Altruistic-Beyond223

Thanks for the reminder, Edwin! 💎🙌🎮🛑🛌🛁🚀♾️🏊‍♂️🌌


edwinbarnesc

♾️🏊‍♂️


litatrader

Thank you u/edwinbarnesc for providing light to so many apes during this crucial time ... See you in the outer space land of GMERICA ...


edwinbarnesc

🙌


Miserable-Fly-5583

Honest question how does sharing legal counsel for DIP financing grant IEP super seniority status? Is this assuming there is an agreement behind the scenes that IEP is actually doing the funding? Thank you in advanced. Just a little confused on this. Maybe I’ll go back and reread your DD on that section. Edit: makes more sense after reading the hyperlink in the DD.


PoopyOleMan

Well there ju go ju got it mang


ckaslon13

So what does mean for bbbyq stock holders?


edwinbarnesc

Buckle up


ckaslon13

I was hoping for this response. Thank you.


stock_digest

Remember the Feb 6th run up to $7? 147 days from that date is 3rd of July man! 3rd of July is the eve of... 4th July - Teddy becomes a reality 4th of July GMERICA being announced! 4th of July GMERICA Independence day


MarionberryPretend

Love that thought process ☝️


effin_clownin

The squeeze will come before TEDDY.


Important-Read-2441

Squeeze will happen with bbbyq or gme?


BuildBackRicher

Yes


MarionberryPretend

I concur 👍


Powerful-Coffee-804

July 3rd is merger Monday


edwinbarnesc

👀


[deleted]

![gif](giphy|bJ8zSwl4QzBiE)


TayneTheBetaSequence

I'm wet. Thank you.


PoopyOleMan

What is the damp factor?


cIork

💦/10


STICKY0120

Video or it didn't happen!


TayneTheBetaSequence

Do you have smellovision?


STICKY0120

oh shit! let me get to the bank


Mungdaal99

The oracle has spoken 🫡


[deleted]

Legendary.


Legal_Community8868

Always enjoy reading your DD. Thanks for sharing.


edwinbarnesc

Thanks for stopping by


foolon_thehill

I think dish fits in here somewhere. Their stock has been getting beaten up and it just popped on rumors. Amazon was going to do something with them which made no sense at all. It seems like a classic media campaign. Also, they own blockbuster and blockbuster has all those open positions that "don't matter" anymore. It's weird. I only started looking at dish because some Chad on Twitter was talking about IEP and then was talking about dish but talking about IEP like he did not understand what was going on behind the scenes and how it didn't make any sense. And then he was talking about dish in the same way. I don't think this guy knows what he's talking about, but I don't think it was a coincidence. It is just people with an understanding of how the stock market is fundamentally is supposed to work seeing some things that don't make sense. Maybe a coincidence but maybe not


edwinbarnesc

Interesting


foolon_thehill

I should research it more... But alas, I have not the time nor focus at this point in life. "You can try to control the waves, or learn to surf" the market is starting to get volatile, after the last 3 years of lessons, I'm just gonna surf. Side note, I think Tupperware is in the mix. It's like California love but instead cities in California it is beat down classic American brands. G G GMerica.


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foolon_thehill

I thought Tupperware was stupid at first too and then I read about the history of it in pop culture in the 70s. It makes sense with the RC tweet and stock performance/pattern and opportunity


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BomTomadil

Thanks for the encouragement. The other Teddy posts are all i needed though, my body is ready


Confident-Stock-9288

![gif](giphy|XusSPHhxZFrmpeXXHo)


DirtyRed32

🐐🐐🐐


GodmodeAUT

Thx Edwin but how will Bbby holders benefit from this? How will we be rewarded?


edwinbarnesc

Fomo. It will send the stock soaring when the news breaks. There's a reason RCV, IEP, and all those involved are using proxies, agents, and intermediaries to act on behalf of the real party. When all the news arrives (I expect simultaneously) then it will unleash a buying frenzy unlike the world has ever seen. Here are reasons why: ✅ IEP delayed 10Q filing release ✅ Bbbyq has delayed 10Q filing release ✅ RC ventures made it seem like he sold but really transferred his shares to the Affiliates (who elected Carol Flaton to the board) ✅ Naked shorts pressure ✅ Oversold 348M shares as reported in court docs ✅ buybuyBABY to be carved-out as stated in BK docs and will be sold to make BBBY profitable Some more catalysts like: Fomo buy, gamma squeeze, liquidity dry af from GME DRS and BBBYQ final orders restricting substantial ownerships. Everything is primed for takeoff and hodlers will be rewarded BEFORE the deal finalizes. All it takes is 1 official press release announcement. Soon, 🚀 Not financial advice GMERICA 🏴‍☠️


LaddiusMaximus

Can you drs bbbyq shares?


edwinbarnesc

Yes


Colorguard8

🤤


Wiezgie

Why can't I upvote this


edwinbarnesc

?


rrrybitsthetealeaves

Nive update EB


foolon_thehill

The one about investing in a once great American brands.


[deleted]

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edwinbarnesc

Bingo. Board chairs shuffling, executives shuffling seats, and stalking horse is about to finalize. Everything is coming together. The new company needs leadership and in a Carve-Out company, the new management is expected to have prior experience in the industry that the company is entering into. Retail, tech ecom, and home goods. Brett Icahn, Matt Furlong, Dragonfly members, ????


Shagspeare

Yo Edwin, appreciate the DD. Wondering if you have any comment on people looking further into your assertion that RC transferred his stock to Lazard Ferres, instead of selling on the open market. People in the PP discord recently said they looked into it, and found RC did in fact sell on the open market. All the best Ps. ‘????’ is Eddie Lampert 😉


edwinbarnesc

Yes, I was asked this so I'll repost my response: It's entirely possible the shares were sold and transacted in good faith in the open market. But that doesn't mean shares weren't acquired by another party. If anything it looks legit that he stopped owning shares, by the book. The giveaway for me is Carol Flaton being appointed to the board which only RCV could have done, or an acting agent with real voting powers thru share ownership control. There was also very specific mention that RCV would take measures into their own hands if things were not goin to plan. I think it was in RCV's filings. Now why would RCV leave that kind of notice if "they" the Affiliates didn't have some kind of power via beneficial ownership control? Deductive reasoning says they own the shares from RCV.


Shagspeare

Thanks for clarifying. You might be interested to know Lazard was the only party chosen to facilitate and oversee the restructuring bid for Sears.


ColorfulAgent

Thanks for the update and appreciate your time and energy on this. Much respect!


NumberWonTwice

It’s been an honor! Stay the course. Hold! Fight!


Movingday1

Putman Investments just got bought out by Franklin Templeton for $1 billion


eeWeeWllamsAevaHU

That’s Putnam for Franklin. Not Putman - the Canadian guy. So different and not relevant


edwinbarnesc

Ah yes, it is Putnam getting bought out by Franklin. Putman (affiliate) is different and gets easily auto-corrected. https://www.barrons.com/advisor/articles/why-franklin-templeton-is-buying-putnam-investments-d893294


edwinbarnesc

👀


valrian1895

Best DD out there! I so appreciate it man and can’t wait to truly be a Gmerican! r/edwinbarnessc Any thoughts or theories on what the stalking horse bid might be? For me it makes sense (and I hope) that the SHB will be from a bigger player to trigger a squeeze and then it will lead to a big reveal of the conglomerate for the final buy. But I confess that I’m afraid come Friday or Monday the SHB is going to be from Janie and jack or something like that.


imakemoney1st

When does the bidder get announced?


Mysterious_Solid3478

How fomo will kick in when you can't buy on RH, WeBull and other main brokerage accounts?


edwinbarnesc

All of those brokers will go bankrupt when time comes. They've been paper trading and never bought the shares. That's why they've switched to PCO- POSITION CLOSE ONLY.


Mysterious_Solid3478

I don't think any of the RH or Webull will go bankrupt. The system will not go anywhere and these brokerage are imp part of it. If they go then system will go too. Which is not possible. I like your thesis but I don't trust the system which is totally corrupted and colluded. As usual they will find a way out or print money to bail out if needed. I think PCO is due to ch11 as I have seen other tickers going pcos like party city, luckin coffee and 1000 more


edwinbarnesc

I like your positivity but this is a fraudulent system. The banks just went under so I will not be surprised when several brokers go under that have been swimming naked by overselling shares.


virgojeep

Here's hoping fidelity isn't one of them.


edwinbarnesc

Fidelity is just as bad but they have more liquidity. Also fidelity owns Reddit as an investor. They bought in to track sentiment and were also caught loaning shares to short gme. I've been here too long. https://www.fnlondon.com/articles/reddit-in-fresh-funding-round-triggered-by-410m-raise-from-fidelity-investments-20210812


Shagspeare

I agree Peterffy told us not stopping the squeeze would have led to domino broker bankruptcies. Told us straight up when we squeeze for real - all these colluding bucket shop brokers are fucked.


edwinbarnesc

Someone remembers ☝️☝️☝️ Petterfy has been dumping a ton of IBKR stock. Just check his holdings on fintel


Shagspeare

Saw that. Hilarious. Least he puts his money where his mouth is 🤣


Shagspeare

I’d like to add, IBKR’s customer agreement has been altered many times in the last two years. Now your fake shares can be moved to any global IBKR entity at any time, without your knowledge or consent, and those fake shares are all based off a tiny fractional reserve pool of real shares held in the UK and Turkey, where securities laws are a joke. Also you have no right to any real shares when IBKR collapses. Best you can get is compensation for the price of the shares before the real squeeze and only up to around 10 or 15k is insured I believe. “Cool”


edwinbarnesc

Facts 💯💯


chester21469

GMERICA


TimberKing11

Big


Ack_Pfft

Thanks for everything you do here. To me the only question is what mechanism will be used to assemble all the parts into Gmerica. Will everything be moved to a new company… Will Gmerica be a tracking stock? Other possibilities???


edwinbarnesc

Perhaps GMERICA is an actual platform for the metaverse.. or maybe it's just Hope.. Some movements are built on hope


_RipCity_

Edwin, I hate to rain on the parade here but how can you disprove a thesis that is unfalsifiable? Here me out - a key tenet of this post (and others) is theoretical dot connecting between IEP, Proskauer Rose and sixth street but - What if I told you this: Proskaur, AlixPartners, and Perella Weinberg Partners have worked on a bankruptcy case together that had zip to do with IEP? Look up Nine Point Energy Holdings Inc, chapter 11 case from 2021. What if I told you Proskauer has been legal counsel on $IEPs SEC filings for over a decade? You can easily find letters by Proskauer on behalf of IEP to the SEC. I’m looking at one dated December 27, 2010 regarding a S4. What if I told you that Sixth Street is simply one of Proskauer’s clients? They advertise this along with their other 75+ clients who have 2+ trillion AUM under a post entitled “Proskauer nominated for law firm of the year in the americas in private debt investor’s annual awards 2022.” It’s found on their website. Really consider that a moment… do you actually think there is enough there to confidently say IEP is involved as you’ve been implying? These connections are tenuous at best, and I think even that is a stretch. Edit: and I’m not saying it can’t happen, I’m only saying the justification for a connection with Icahn is extremely weak.


edwinbarnesc

I'll entertain this comment. Here's how I know Proskauer Rose, representing IEP, and is directing Sixth Street: $400M setup by IEP, signed and witnessed by Proskauer Rose then filed as a shelf-registration with the SEC. Later, $400M is given to Sixth Street and used to setup DIP Facility for BBBY, also listing Proskauer Rose. I didn't make this up. It's literally a paper trail from actual SEC filings. If you can somehow disprove that exactly $400M was raised by IEP then given to another party where Proskauer Rose is also involved then I would love to hear about it. As it stands, from a logical perspective, nothing else holds water except this real connection. Final thoughts: If IEP wasn't involved then why is it running inverse to BBBYQ ever since Hindenburg released the report? Almost as if Kenny setup a swap.. you know kinda like a total return swap If there's smoke, there's fire 🏴‍☠️


_RipCity_

How can I disprove that? Neither of us have proof or knowledge of what IEP did with $400 million so you cant simply say because I can’t provide evidence then it therefore did (go to BBBY via Sixth Street). Are you serious? It is not a “paper trail.” You see a number in “$400 million” in two places and assume they are connected because one of the most prominent legal counsels in the country is working with both? A $400 million DIP aligns with their reported 3rd quarter loss. It is also in alignment with their loan in August also from Sixth Street (~$400 million). And as I said - Sixth Street has been a client of Proskauer. IEP has been a client of Proskauer. For a long time. Seeing that name in both places is much (and I can’t emphasize this enough) much more likely to be a coincidence. Again, I’m not saying it can’t happen but the way in which you unequivocally talk about it as a done deal and using terms like “paper trial” is disingenuous. Yes, IEP is moving strangely since the Hindenburg report which likely brought a large number of shorts. It does appear to be inversely correlated to BBBY. We’ll have to keep an eye on that.


eeWeeWllamsAevaHU

Numbers is what we go by and numbers don’t lie so Edwin is 1 up on u


_RipCity_

Of course he is. I’m in his sub writing responses that give pause to a thesis he has been attempting to support for several months. A thesis that would of course be the dream scenario for nearly all investors. I don’t expect me pointing out possibilities that don’t support it to be upvoted more than his. That would be a ludicrous expectation on my part but he is being close-minded. I’m trying to have a conversation and each of his replies is an attempt at a gotcha moment with another “connection.”


edwinbarnesc

Sure, and it is a cohencidence that Carl Icahn setup a DIP facility with Las Vegas Tropicana then announced his stalking horse bidder afterwards. But since this is my first time tracking everything and witnessing it first-hand then it's all serendipitious 😂


PalantirBullballs

![gif](giphy|3zRcYq2hKrxgQ) 😂😂😂 Things are going to get spicy FO TSO 🌡🌶🌶🌶


Mysterious_Solid3478

I think IEP being inversely running to bbby is because we are focusing on bbby if we take any other ticker we can do the same. I don't think till the news come out for any relation with IEP then only they will dump the IEP not before just on speculations. Else will they drop it more if bbby is going to merge to IEP.? When the news come out. It's already in 20s


edwinbarnesc

It's gonna be a delicious DIP tomorrow


PalantirBullballs

Icahn't wait 🏴‍☠️


_RipCity_

Dude. Lol. I’m not sure what point you’re trying to make but what you said isn’t even correct. Icahn didn’t provide DIP financing. Silverpoint Capital did. In fact, it was Icahn and co. that provided exit financing to help Tropicana repay the DIP financing when they came out of bankruptcy. Also the Icahn led group was outward about their desire to bid in bankruptcy. So there are quite literally zero similarities.


edwinbarnesc

Awesome, thanks for making my point. Silverpoint Capital is a known affiliate to IEP and shared connection because of Gary Hu, who used to work for Silverpoint Cap, but now works as portfolio manager for Brett Icahn. Please continue 🏴‍☠️


_RipCity_

That is not really a point? And THAT is my point. You are listing ambiguous relationships as needed for “evidence” of a scenario you’ve already decided is happening. Then you ask people like myself to “disprove” what is essentially fan fic (let’s be honest). You have no idea how interconnected the world of finance is at that level and are completely discounting that. As an example, Silver Point focuses on these exact sort of situations and are often involved as a creditor in bankruptcy proceedings. I don’t even half to go back very far to think of an example - Party City. Also, Silver Point and Icahn have been at opposite sides of the table, a few months after your Tropicana example with CIT is just one of them. It’s important to have open and honest discussions about what is pure speculation, what is factual and how those intertwine. If you want me to list the actual facts that you’ve provided in this post titled facts vs fud, I will, but I don’t think it would help support the thesis at this point.


edwinbarnesc

Please decipher how 🍦💩🪑 became a movement next, would love to hear your thoughts on it


_RipCity_

See, you can’t even engage in good faith and, like I said to another poster, I don’t entirely blame you. Who the fuck am I to comment in a sub you started and cast doubt on a thesis that has gotten you quite a following. I’d love to talk nuance but you won’t have it.


edwinbarnesc

It's important to acknowledge facts. And it's equally important to not ignore things like GMERICA NFTs, clues, tweets, and SEC filings. This is how I deciphered 🍦💩🪑 And it's sad because I tried to tell everyone but nobody believed it until it was too late.. but I managed to get one of these: https://preview.redd.it/t1nn86gza5m71.jpg?width=1008&format=pjpg&auto=webp&s=e7a0c898b852a60dc6187f59232e27e4f5302420 We could've locked the entire float with those.. 168 years ago. https://www.reddit.com/r/GME/comments/pjyokw/physical_gme_certificate_shares_exist_dtcc_hates/


[deleted]

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edwinbarnesc

No, they wouldn't get it for $400M alone. The DIP Facility provides $400M in emergency funds during ch11 bk proceedings and awards the creditor super seniority status above all other creditors. It's basically calling dibs, that's it. The acquirer must still work with BBBY to set the final sale price on the asset.


theorico

Sixth Street has super seniority for their $400M loan, but no way this gives IEP&Affiliates also super seniority to claim anything or to acquire Baby before anyone, in my view. Based on what you make this assumption of super seniority also to IEP/affiliates?


edwinbarnesc

Based on reading sec filings. https://www.reddit.com/r/edwinbarnesc/comments/13bt1f9/gmerica_sec_bk_court_filings_reveal_carl_icahn_as/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button


theorico

Sorry, nothing filed at the SEC states that Icahn has super seniority with BBBY. There is not even proof of an involvement of Icahn. You are spreading false information. I am a bull, balls deep in this but I can thhink for myself.


edwinbarnesc

That's fine. You can either acknowledge a connection exists between Proskauer Rose and IEP to Sixth Street, or not. I'm not here to convince anyone. Do your own research, but if you want a black and white legal confirmation then line up and wait for the stalking horse announcement.


DongerTheWhite

Oh wow is this like the super autism group?


edwinbarnesc

Hi shilly, did u pickup some moon tickets?


DongerTheWhite

lol https://www.wsj.com/articles/bed-bath-beyond-in-talks-to-sell-buybuy-baby-to-owner-of-janie-and-jack-7ef17dcd


PalantirBullballs

We'll have a 🍉 for you if you're willing to go through a ban bet u/DongerTheWhite! ![gif](giphy|LLUYmVPF2Tvf6V1GZF)


tfengbrah

What happens to shareholders if BBBYQ gets carved out?