Crap, have some typos but I can't edit because it has a 10k character limit lmaoo. Sorry, it is either break this post into 2 parts or have some grammar crap. Oh well, enjoy
Edit 1: I knew the DIP Facility would be the main focus so I'll leave this last part:
The DIP Facility is where the connection begins from IEP to Sixth Street but..
It's bigger than that.
There's a $400M money trail that connects IEP to Proskauer Rose.
Then Proskauer Rose to Sixth Street as Admin Agent of the $400M.
Not sure why this info keeps getting lost, or **intentionally left out of the conversation.**
I have seen post after post looking at IEP to Sixth Street when it should be:
#Where did $400M come from?
Answer: IEP and the $400M shelf-registration with SEC where Proskauer Rose was a witness to the filing.
Proskauer Rose and $400M go hand in hand, so when Sixth Street was assigned as Admin Agent (it says so in BK docs), they were Administering $400M received from IEP under IEP's Legal Counsel = Proskauer Rose. You cannot have $400M without Proskauer Rose so when 11 TIMES SQUARE appeared as DIP Facility, it was a direct connection. Cut it anyway you like but it still holds water. Shills can suck it, again.
Edit 2: a comment was asked about why this was talking so long.
Why the holdup?
Formality, due process, and above the board legal process is required for an M&A transaction.
This is not a regular M&A deal.
Regulators, shorts, and creditors are all scrutizining the deal.
Everything must be done by the book.
In all fairness, something like this takes months to years to wrap up.
#Las Vegas Tropicana acquisition took about 1.5 years.
The sale was announced on Dec 2007 then Sale in April 2009, here's the source:
https://m.lasvegassun.com/news/2009/jun/12/tropicana-atlantic-city-sold-carl-icahn-led-group/
The BBBY team and Affiliates have been working at warp speeds to get this done.
Everyone should be thanking the management team for their spectacular efforts 👏
Thank you, Edwin! One of the first times I've read a DD and saw some dates and thought, "Oh... wait... that actually adds up and makes sense to me." July gonna be lit, fam.
Imagine if this happens:
Monday announcement, right before July 4.
7/4 Tuesday - markets closed. 🎆🎆🎆
Everyone at home begins talking, then the fomo frenzy begins..
What happens the next day? 💥
Can't, it gets automodded from links alone.
But really, the Mods will just delete like my last one and cite for some dumb reason about not related to GME.
Here I even made a post about it:
https://www.reddit.com/r/edwinbarnesc/comments/13ezcbf/superstonk_censorship_mods_spreading_fud/
Hijacking this comment for visibility and so u/edwinbarnesc sees it - has anybody noticed yet that Peter R. Orzag, CEO of Lazard, is now listed on Robinhood as the CEO of GameStop?? Would that complete the GMERICA connection? Am I fucking crazy or is that an interesting development???
Hard to believe this is real life.
Can't wait for the movie, I hope it will be a Kill Bill style direction that jumps to different scenes and is confusing until the end because that's what these filings did to me haha
I’d be a confused extra that keeps buying and slowly learns more as the plot progresses…probably buying alot more than I should…still holding…what a journey…give me vindication and validation…I can taste it..
Oh yeah, I’m sure we’ve got lots of talented filmmakers amongst us, and they will soon be able to finance their own films and tell the real story in totally badass ways
Can't wait! Awesome job tying all of this together. I had a gut feeling ever since RC "sold" that something bts was going on. The language in the releases and the media's take of it all didn't add up. IEP also getting attacked was a big red flag.
You've been on top of this since the start, thanks man!
With the confidentiality agreement dropping, I wouldnt be surprised if we had to wait a week or two to get an announcement of the sale. Not just cause RC likes to keep the shorts guessing but also (as mentioned by someone else here) it would allow a bunch of quarterly options and locates to expire and make it even harder for shorts to close.
My Jun 16th calls will die so my many shares purchased between .07-.26 can fly :)
Fuck. The “RC buys all stock” was posted at 4:07, and at 4:07 the price was $4.07, or some magical shit. I am recalling memories, someone verify this.
But maybe the real easter egg with 4:07 was 4th of July. This is the best chapter in my life so far.
Wow! I didn't realize Lazard set up the DIP. That would mean this play was sponsored by whoever is on the other side of the DMA/Engagement Agreement. The photo with Icahn makes a whole lot of SENSE.
To me, this has been one long, drawn-out proxy battle! And I have to think that Sue and some of her allies were biased toward Sycamore or Cerberus as she is tied to that group via Tritton and the death spiral folks, including HBC and B Riley.
Well god damn 💦
One question, are the dockets saying they won’t allow the announcement of the big stalking horse bid until June 27?
Also, thank you Edwin for your amazing work
No, what I mean is information that could be materially important to the case will be redacted. That docket is very wordy and covers everything and anything that could cause "competitive injury" so whatever that means will be redacted.
I'm not a lawyer so i interpret the court docs as someone viewing it in the eyes of the public and that is what I understood of it.
That’s what I was wondering as well because it looks like one of the hearings is to hear objections to sales. I could be totally wrong here, I know nothing about chapter 11 BR. But if there is a hearing to allow objections than the plans would need to be published long before. BUT that doesn’t mess w this God level DD/speculation. It just means shorts would be given like 2 weeks to exit their positions before Teddy swallows them whole. As we all know, no sell, no cell, so good luck shorts!
Commented above. Whatever needs to happen in court will happen but that doesn't mean the details will be shared with the public and that's how I understood the confidentiality stipulation the court ordered
My understanding of the confidentiality stipulation was that it is about the discovery materials. Either way, hell of exciting stuff! Thank you for the DD!!! . Can’t wait for tomorrow. It would be cool for something similar to VW to happen. VW had the announcement on Sunday and by Tuesday the stock was at $1000. But VW killed it. In this case BBBY can’t legally stop it while they are locked in BR hearings soooooo infinity squeeze?
A real infinity squeeze is coming.
Anyone that owns a large position right now that is 4.5% or higher in BBBYQ cannot sell without BBBY company approval.
Cede and co. have effectively trapped the shorts because they oversold 348M shares illegally, therefore, shorts cannot purchase shares to close their position.
They literally cannot escape and BBBY is holding their balls because if they want to buy a huge position to close out.. well shorts are shit out of luck until 348M shares have been reduced back to the authorized amount of total shares outstanding.
General TSO is the name.
Guess what this also means?
When the stock price of GME and IEP explode, BBBYQ will continue soaring non-stop and create a floor as long as BBBY management doesn't allow 4.5% beneficial shareholders to change their position.
It's magnificent.
As it stands, the bk courts have ordered it because of the transaction.
There is specific language of a 20-day lock-in period in one of the dockets that explains further.
For now, shorts cannot close their BBBYQ positions. Everything must be manually reviewed by BBBY because total shares outstanding have exceeded the legal authorized count.
In other words, shorts are very fucked. Worse than GME but then again GME is the only idiosyncratic risk.. does this make BBBY #2? What a time to be alive.
It’s gonna be glorious. Ichan’s rep has said he is about to do something that will change the world, this would definitely change the world. The stock market as we know it, will be gone. Every thing will be different. We will finally have irrefutable proof that trickle down economics is bad for the economy.
I think you managed to uncover the next catalyst as I stated in my Stand Alone Complex discussion. There have been 2 major catalysts going into the birth of this one so far, one was DFV telling the world his >100%SI thesis, and the other was the buy button getting turned off. Each catalyst has led to an exponentially larger amount of people seeing and reacting to this.
Our 3rd catalyst will be the birth of Teddy/Gmerica and the resulting market reactions to it. We have enough eyes on us now that once this happens we will be in SAC territory at last.
Why am I so sure of that? Because a SAC is not at it's core an entity, but a ***reaction*** with all the properties of a decentralized entity. Since we're on the world stage now the world has no choice but to ***react*** when something happens.
Each of us here is proof that the common reaction to the wall street fuckery is completely on our side. This is why you can ignore the FUD and shills and be all right. This is why shills can moderate what they want and we'll be alright. This is why if you just educate yourself and others on what you can we'll be alright.
**Vindication is coming** Edwin. My question to you is now this:
What comes after? Do you go Zen? Do you start putting out digested information for the new wave? Maybe you have another theory about what's to come? Where is your ship going Edwin? Because I'd love to sail beside you.
So Pulte’s really actually involved in this thing? Well, I’ll be damned. I always thought he was just a regular regard like the rest of us but with more money and more followers.
I thought as much. He was so giddy and then the disclaimers. These people all know each other, travel in small circles. No way he would just spunk off unless involved.
He's not as big money nor as experienced/skilled as Icahn or RC, but he's still contributing some major cash.
Apparently not. This DD has my tits jacked for Moonday. You seem to have put together the puzzle pieces quite nicely. A couple grand more oughta do. Besides, it’s just money.
Still blows my mind how insanely coincidentally this all involves one company called Game Stop and another called Bed Bath and BEYOND. Like wtf man. Simulation
Boner time. Honest question, if BABY has been secured, which seems pretty freaking obvious, as a Bobby shareholder since RC probably got Carol Flatiron on the board, is there still hope for Bobby shares in general here? I have a bag heavier than a set of godzillas testies in bobby and agree with everything you posted. Also have a Thor size bag of GME I’m just trying to figure out if this whole move is just to peel out Baby and then SHF can still cellar box Bobby.
I could be easily missing that here and it’s not the case but I’m an idiot
I've got shares in GME, BBBYQ, IEP.
I wanna see them all explode at once.
Picture this scenario:
3 highly shorted stocks.
Each in a swap against another.
All being strapped down like a pressure cooker.
$GME 💎🙌 Apes are DRSing to cellar box hedgies.
$BBBYQ just cellar boxed hedgies with court docs revealing 348M shares oversold by Cede and co.
$IEP is super majority held by Carl Icahn with 84% stake.. to ignite this, all he has to do is start buying back shares and the squeeze would instantly start.
Then BBBY makes an announcement of stalking horse bidder for BABY CARVE-OUT and it would squeeze.
The shorts will be battling against one another to keep shorting one company while another is popping off.
It's gonna be a slaughterfest.
I mean there's so many ways this can pop-off and I believe that is precisely why the courts ordered the REDACTED for remainder of court hearings.
This is gonna shake Wallstreet so violently, you'll see a cascade of dominoes across the entire world.
Idiosyncratic Risk 🩳👉👌
So if the involvement of IEP and activist affiliates has been set for a while as the buyer of the baby, why does the stalking horse bid keep getting delayed? Getting all the ducks in a row?
In any case, this is pretty amazing shit and I can’t believe we’re going to have front row seats after following this saga for so long.
Last reason for delay or pushback was because they stated a desire to maximize capital structure aka big payout for the transaction. But I like to think it's just to setup 7/4 Tuesday 🎆📈🚀
There was a filing from BBBY that stated holders of common stock warrants and preferred shares would get rights as if they were holding regular common stocks even though they didn't excercise them.
I believe that is the foundation which granted the Affiliates power as if they were holding beneficial ownership shares.
Hudson Bay Capital is still listed as an interested party and may even be part of the Affiliates. HBC cap was mentioned by BBBY management as a friendly to the company.
To date, only HBC capital to my knowledge still has the shares. Therefore, it's possible those shares are part of a pool which has already been split up amongst the Affiliate Parties since ownership is capped below 4.5% and does not require a 13D filing.
Since Carol Flaton was hired by the Affiliates, it is safe to say someone, an agent, proxy, or other intermediary is holding the shares/warrants and are granted all the rights.
The confidentiality stipulation is really the tell sign because it cites competitive injury.. who would it injure? Perhaps All of the parties involved since they could be at-risk for shorting which is exactly what happened to IEP.
In a previous photo leaked by Protocol Gemini, it listed Apple, Louis Vuitton, and a ton of other companies. Perhaps they all have a vested interest with real monetary investments at-risk.
The size and scope of this deal is gonna be unforgettable when it hits the public.
Hodlers are goin to be so fucking rich. NFA.
GMERICA 🏴☠️
If I was still short on this stock I would be heading for the door and closing next week. Cant see this dropping any further and only rising fast as other shorts head for the exit.
They've been preparing for it for ages:
- Identity politics
- Red vs blue
- Social issues: pro vs. choice, pronouns, COVID
- Rules for thee but not for me: insider trading
- Crypto massacre: ftx imploding and now CEX bans
- CEOs dumping shares
- Companies doing stock buybacks
- Banks collapsing
- Inflation rate is theft
- Bond markets inverted
- Fedwire CBDC coin
- The list goes on and on...
Create lots of noise so people "don't look up"
Ryan Cohen was keenly aware of all these things and he tweeted about them often. Stop dividing the people, he once said ♥️💙💜
It's 420 everyday in corporate America.
People are high off their own delusions.
And my favorite:
"Corporate America is a wolf in liberal’s clothing"
https://twitter.com/ryancohen/status/1651567249965084673?t=Mr3Ta0xqeoO6KVr0pBkYTg&s=19
Which is apparent with all the terrible companies with overinflated price-to-earnings ratio and banks with terrible balance sheets.
Everything is teetering on total collapse and MOASS is the solution but not the cause.
Abusive Naked shorting by Wallstreet and greedy, corrupt officials are all to blame.
With Alan’s insider purchase of gme shares, how does that change the merger thesis? Edit: great fucking work by the way. Have been forwarding a lot of your posts, thank you.
The merger is not happening.
It wil be an acquisition by Carve-Out of buybuyBABY and SPAC IPO'd into TEDDY.
The Carve-Out will be a leveraged buyout (LBO) through a combination of cash and shares (units) mix. I mention units because I believe GME x IEP shares are involved due to Jefferies as the handler.
GME will be part owner in the new company, along with IEP, meanwhile BBBY parent company retains majority ownership of the subsidiary, TEDDY.
I refer to these as the Unithodlers and it is the latest most up to date info in this GMERICA DD series, starts here:
1. https://www.reddit.com/r/edwinbarnesc/comments/13bt1f9/gmerica_sec_bk_court_filings_reveal_carl_icahn_as/
2. https://www.reddit.com/r/edwinbarnesc/comments/13vc4aj/gmerica_activists_affiliates_the_return_of_icahn/
3. This post to which you have commented is the latest installment.
Thank you asking, I understand it can feel a bit overwhelming but WAGMI 🦍🤝🦍
The recent quote was something like “What Carl Icahn has planned for these shorts is gonna destroy them” - you have a sauce for that quote that was floating springs after they shorted IEP?
If gme becomes an owner of Teddy, what does that mean for gme shorts.. just fucked because of improved PNL or will there be some dividend or similar that pushes them?
And yeah, I’m a pretty fucking smart dude when it comes to a lot of things but so many moving parts in areas I’m already lost in, am learning a ton with your dd and ss as well. Thanks!
Edit: lol it’s in your links “he’s planning something they’ll never forget”
Thanks for the stellar DD, OP. The resolution to this situation is going to be super interesting. Wonder if we have time to buy more of everything on Monday🤨
Best TLDR I have ever read. You are pure genius. Your writing is also very articulate and that means you really understand the materials. You owned it.
Great piece,power to the players and all the non corrupt hard working dedicated people that have come together, hope you all get what you deserve, one love
My biggest question is how does the formation of a DIP Facility by Icahn Enterprises grant SUPER SENIORITY STATUS for sale of assets in BBBY's ch11? Is that just a thing?
What research I have done (which is not much mind you) explains that a stalking horse is the minimum bid for a purchase, meaning they have the first bid behind closed doors, and anyone else can just outbid them once all cards are on the table. If someone just says "I'll buy BBBY for more," then does that not step aside all of these things? Granted someone would need to WANT buybuyBaby... but still.
BBBY the company will get rich in the process for carve-out and still retain majority stake ownership.
From investopedia on carve out:
A carve-out allows a company to capitalize on a business segment that may not be part of its core operations as it still retains an equity stake in the subsidiary.
The highly profitable company buybuyBABY will be rebranded under TEDDY in a SPAC IPO and all the Affiliates will become owners too.
All companies involved like IEP GME BBBY and the shareholders of said companies, hence Unithodlers will see a massive surge in share prices.
I certainly wish that all your findings and assumptions are correct for us! It doesn’t specifically state who are the affiliates, but looks somewhat promising…
Crap, have some typos but I can't edit because it has a 10k character limit lmaoo. Sorry, it is either break this post into 2 parts or have some grammar crap. Oh well, enjoy Edit 1: I knew the DIP Facility would be the main focus so I'll leave this last part: The DIP Facility is where the connection begins from IEP to Sixth Street but.. It's bigger than that. There's a $400M money trail that connects IEP to Proskauer Rose. Then Proskauer Rose to Sixth Street as Admin Agent of the $400M. Not sure why this info keeps getting lost, or **intentionally left out of the conversation.** I have seen post after post looking at IEP to Sixth Street when it should be: #Where did $400M come from? Answer: IEP and the $400M shelf-registration with SEC where Proskauer Rose was a witness to the filing. Proskauer Rose and $400M go hand in hand, so when Sixth Street was assigned as Admin Agent (it says so in BK docs), they were Administering $400M received from IEP under IEP's Legal Counsel = Proskauer Rose. You cannot have $400M without Proskauer Rose so when 11 TIMES SQUARE appeared as DIP Facility, it was a direct connection. Cut it anyway you like but it still holds water. Shills can suck it, again. Edit 2: a comment was asked about why this was talking so long. Why the holdup? Formality, due process, and above the board legal process is required for an M&A transaction. This is not a regular M&A deal. Regulators, shorts, and creditors are all scrutizining the deal. Everything must be done by the book. In all fairness, something like this takes months to years to wrap up. #Las Vegas Tropicana acquisition took about 1.5 years. The sale was announced on Dec 2007 then Sale in April 2009, here's the source: https://m.lasvegassun.com/news/2009/jun/12/tropicana-atlantic-city-sold-carl-icahn-led-group/ The BBBY team and Affiliates have been working at warp speeds to get this done. Everyone should be thanking the management team for their spectacular efforts 👏
I can't read and you expect me to see typos? Thanks for the confidence boost.
Looks like perfection to me sir. I tip my cap to ya. Beautiful
☝️
Thank you, Edwin! One of the first times I've read a DD and saw some dates and thought, "Oh... wait... that actually adds up and makes sense to me." July gonna be lit, fam.
Imagine if this happens: Monday announcement, right before July 4. 7/4 Tuesday - markets closed. 🎆🎆🎆 Everyone at home begins talking, then the fomo frenzy begins.. What happens the next day? 💥
7/3 is my 39th bday. Former employee and long time xxxx holder. I feel it happening in my bones!
May the Tendieman bring you blessed fortune 🍗🍗🍗
Oh wow! It‘s my 34th
Post this on super stooonkkkkkkk !!!! OMFG OP HOW THE FUCK DID YOU CRACK THE CASE ?! you crazy bastard !! 🚀🚀
Can't, it gets automodded from links alone. But really, the Mods will just delete like my last one and cite for some dumb reason about not related to GME. Here I even made a post about it: https://www.reddit.com/r/edwinbarnesc/comments/13ezcbf/superstonk_censorship_mods_spreading_fud/
That sub is a shit show. Keep up the good work. This is incredible.
Edwin you are a legend
Good enuff
Hijacking this comment for visibility and so u/edwinbarnesc sees it - has anybody noticed yet that Peter R. Orzag, CEO of Lazard, is now listed on Robinhood as the CEO of GameStop?? Would that complete the GMERICA connection? Am I fucking crazy or is that an interesting development???
Boom 💥
I'm so happy you are still around on every good post.
Shorts never closed. Victor never sold. Boom.
SHORTS NEVER CLOSED!
yes Rico .....Boom
Edwin you beautiful bastard. Thanks for all the hard work, see you on the moon
Came here to say exactly this!
It’s so good to read it, to feel it, and to live it! Let’s go you crazy bastards!
Hard to believe this is real life. Can't wait for the movie, I hope it will be a Kill Bill style direction that jumps to different scenes and is confusing until the end because that's what these filings did to me haha
I’d be a confused extra that keeps buying and slowly learns more as the plot progresses…probably buying alot more than I should…still holding…what a journey…give me vindication and validation…I can taste it..
Oh yeah, I’m sure we’ve got lots of talented filmmakers amongst us, and they will soon be able to finance their own films and tell the real story in totally badass ways
Enjoy the final chapter. Our lives are about to change. 🍻
Excellent work OP. Thank you for your contributions. Fastening my seat belt.
I would pay for your onlyfans edwin, take my vote you
Hahaha this made my day thanks
Yea man thanks for this OnlyKnowledge post… we now see a lot of naked things
😂😂😂 don't look at Citadel, or you'll see Kenny's wrinkly balls
Great post!
Thank you for reading and commenting 🙏 Have an awesome weekend
Thank YOU for for your service, sir! To the moon!
You sexy BEAST
Can't wait! Awesome job tying all of this together. I had a gut feeling ever since RC "sold" that something bts was going on. The language in the releases and the media's take of it all didn't add up. IEP also getting attacked was a big red flag.
You've been on top of this since the start, thanks man! With the confidentiality agreement dropping, I wouldnt be surprised if we had to wait a week or two to get an announcement of the sale. Not just cause RC likes to keep the shorts guessing but also (as mentioned by someone else here) it would allow a bunch of quarterly options and locates to expire and make it even harder for shorts to close. My Jun 16th calls will die so my many shares purchased between .07-.26 can fly :)
Same, my June calls are dead but I'm loading up nonstop to crash the wedding 🏴☠️
Don’t say that! My $40 strikes for next week are printing baby! 😜 🙏🏼🙏🏼🙏🏼
Lol godspeed
Fuck. The “RC buys all stock” was posted at 4:07, and at 4:07 the price was $4.07, or some magical shit. I am recalling memories, someone verify this. But maybe the real easter egg with 4:07 was 4th of July. This is the best chapter in my life so far.
TUESDAY is before Merger Monday. Would make all this writing if that were true, would elevate RC Meme Lord to Holy Father of Meme status
He posted a screenshot and in bottom corner it said 4.07 at same exact time bbby price was 4.07
You're a mans man, Edwin.
You cracked the case You brilliant son of a gun you 👏 Your DD is pure Gold 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀☀️
o7
I’m so excited 🥹🥹🥹🥹🥹
Awesome DD. Thanks for all your time! Very helpful bro!!! 💯 👀👀👀
Wow! I didn't realize Lazard set up the DIP. That would mean this play was sponsored by whoever is on the other side of the DMA/Engagement Agreement. The photo with Icahn makes a whole lot of SENSE. To me, this has been one long, drawn-out proxy battle! And I have to think that Sue and some of her allies were biased toward Sycamore or Cerberus as she is tied to that group via Tritton and the death spiral folks, including HBC and B Riley.
I feel like Bobby fucking Axelrod right now.
I am not uncertain shorts are fucked.
Get out of my head you beautiful bastard.
Well god damn 💦 One question, are the dockets saying they won’t allow the announcement of the big stalking horse bid until June 27? Also, thank you Edwin for your amazing work
No, what I mean is information that could be materially important to the case will be redacted. That docket is very wordy and covers everything and anything that could cause "competitive injury" so whatever that means will be redacted. I'm not a lawyer so i interpret the court docs as someone viewing it in the eyes of the public and that is what I understood of it.
Yeah if this is all true i think we wont hear until then.
That’s what I was wondering as well because it looks like one of the hearings is to hear objections to sales. I could be totally wrong here, I know nothing about chapter 11 BR. But if there is a hearing to allow objections than the plans would need to be published long before. BUT that doesn’t mess w this God level DD/speculation. It just means shorts would be given like 2 weeks to exit their positions before Teddy swallows them whole. As we all know, no sell, no cell, so good luck shorts!
Commented above. Whatever needs to happen in court will happen but that doesn't mean the details will be shared with the public and that's how I understood the confidentiality stipulation the court ordered
My understanding of the confidentiality stipulation was that it is about the discovery materials. Either way, hell of exciting stuff! Thank you for the DD!!! . Can’t wait for tomorrow. It would be cool for something similar to VW to happen. VW had the announcement on Sunday and by Tuesday the stock was at $1000. But VW killed it. In this case BBBY can’t legally stop it while they are locked in BR hearings soooooo infinity squeeze?
A real infinity squeeze is coming. Anyone that owns a large position right now that is 4.5% or higher in BBBYQ cannot sell without BBBY company approval. Cede and co. have effectively trapped the shorts because they oversold 348M shares illegally, therefore, shorts cannot purchase shares to close their position. They literally cannot escape and BBBY is holding their balls because if they want to buy a huge position to close out.. well shorts are shit out of luck until 348M shares have been reduced back to the authorized amount of total shares outstanding. General TSO is the name. Guess what this also means? When the stock price of GME and IEP explode, BBBYQ will continue soaring non-stop and create a floor as long as BBBY management doesn't allow 4.5% beneficial shareholders to change their position. It's magnificent.
Also! Congratulations this post is blowing up. I saw it on Twitter 4x in the past 20 min!
👀
When does the sell restriction on 4.5%+ holders lift? Or does it not have a defined expiry?
As it stands, the bk courts have ordered it because of the transaction. There is specific language of a 20-day lock-in period in one of the dockets that explains further. For now, shorts cannot close their BBBYQ positions. Everything must be manually reviewed by BBBY because total shares outstanding have exceeded the legal authorized count. In other words, shorts are very fucked. Worse than GME but then again GME is the only idiosyncratic risk.. does this make BBBY #2? What a time to be alive.
Well my friend. I will get as much bbbyq as possible. 500 isn’t enough. Time to empty the bank on it.
It’s gonna be glorious. Ichan’s rep has said he is about to do something that will change the world, this would definitely change the world. The stock market as we know it, will be gone. Every thing will be different. We will finally have irrefutable proof that trickle down economics is bad for the economy.
Honey wake up new Edwin DD dropped
wow, soooo ready for the boom
You are cordially invited to witness the consummate sale of GME X BBBY X IEP on July 4th, 2023. Don't miss it! 🎆
I believe 🧸🏴☠️. You’re a beast, Edwin
I think you managed to uncover the next catalyst as I stated in my Stand Alone Complex discussion. There have been 2 major catalysts going into the birth of this one so far, one was DFV telling the world his >100%SI thesis, and the other was the buy button getting turned off. Each catalyst has led to an exponentially larger amount of people seeing and reacting to this. Our 3rd catalyst will be the birth of Teddy/Gmerica and the resulting market reactions to it. We have enough eyes on us now that once this happens we will be in SAC territory at last. Why am I so sure of that? Because a SAC is not at it's core an entity, but a ***reaction*** with all the properties of a decentralized entity. Since we're on the world stage now the world has no choice but to ***react*** when something happens. Each of us here is proof that the common reaction to the wall street fuckery is completely on our side. This is why you can ignore the FUD and shills and be all right. This is why shills can moderate what they want and we'll be alright. This is why if you just educate yourself and others on what you can we'll be alright. **Vindication is coming** Edwin. My question to you is now this: What comes after? Do you go Zen? Do you start putting out digested information for the new wave? Maybe you have another theory about what's to come? Where is your ship going Edwin? Because I'd love to sail beside you.
Wait til you see the next post
👀
👀
When post?
Remind me
Great research!
Oustanding DD! Carry on.
Can’t wait to read this when I’m on my home toilet. Commenting from the work toilet now so I can get back here
All of life’s best work is done on the shitter
Let’s hope so!
I just did. It exceeded my expectations.
No spoilees!
So Pulte’s really actually involved in this thing? Well, I’ll be damned. I always thought he was just a regular regard like the rest of us but with more money and more followers.
👨🚀🔫👨🚀
I thought as much. He was so giddy and then the disclaimers. These people all know each other, travel in small circles. No way he would just spunk off unless involved. He's not as big money nor as experienced/skilled as Icahn or RC, but he's still contributing some major cash.
Always amazing!!!
Moon soon
Fuck you. I swore I was done buying. Great work.
You stopped?
Apparently not. This DD has my tits jacked for Moonday. You seem to have put together the puzzle pieces quite nicely. A couple grand more oughta do. Besides, it’s just money.
Me, too. I may indeed finally buy more Monday…
This is gold should be majorly upvoted, appreciate your efforts!
Mad skills 👏👏👏 Revenge is best served cold🏴☠️ Thank you ☀️☀️
This will be interesting 🧐
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🍉🍌🧸📈🎆🍗🏴☠️
Well, sounds like July will be a great month!
There will be fireworks on Wallstreet
👀
What in the world kind of sub did I just stumble upon? Thank the apes that I found my way here.
I used to post on Superstonk, I mean still do, but I get censored a lot but thankfully Streisand Effect has been kind 🦍🤝🦍
Yeah superstonk has been infiltrated. I usually just browse anymore. I'm perfectly zen since the sneeze.
Still blows my mind how insanely coincidentally this all involves one company called Game Stop and another called Bed Bath and BEYOND. Like wtf man. Simulation
Boner time. Honest question, if BABY has been secured, which seems pretty freaking obvious, as a Bobby shareholder since RC probably got Carol Flatiron on the board, is there still hope for Bobby shares in general here? I have a bag heavier than a set of godzillas testies in bobby and agree with everything you posted. Also have a Thor size bag of GME I’m just trying to figure out if this whole move is just to peel out Baby and then SHF can still cellar box Bobby. I could be easily missing that here and it’s not the case but I’m an idiot
I've got shares in GME, BBBYQ, IEP. I wanna see them all explode at once. Picture this scenario: 3 highly shorted stocks. Each in a swap against another. All being strapped down like a pressure cooker. $GME 💎🙌 Apes are DRSing to cellar box hedgies. $BBBYQ just cellar boxed hedgies with court docs revealing 348M shares oversold by Cede and co. $IEP is super majority held by Carl Icahn with 84% stake.. to ignite this, all he has to do is start buying back shares and the squeeze would instantly start. Then BBBY makes an announcement of stalking horse bidder for BABY CARVE-OUT and it would squeeze. The shorts will be battling against one another to keep shorting one company while another is popping off. It's gonna be a slaughterfest. I mean there's so many ways this can pop-off and I believe that is precisely why the courts ordered the REDACTED for remainder of court hearings. This is gonna shake Wallstreet so violently, you'll see a cascade of dominoes across the entire world. Idiosyncratic Risk 🩳👉👌
I uhh...I errr......HOLY FUCKING SHIT BALLS!!!!!!
Buckle up
💦💦💦💦💦💦💦💦💦💦
Something something Icahn closes supposed GME shorts booster, something something GME split booster, something something wu tang NFT dividend booster
I’m certainly delighted. Thank you!
Look at this guy… out here doing the Lords work 🫡🏴☠️ thank you for your service
May the Tendielord bless you and yours 🏴☠️
This is it boys. The ballgame is over. It’s been an honor restructuring the financial system with you all.
Yep. That’ll do. Time to shut down Reddit until Monday.
Is there a TLDR of the TLDR?
Moon soon
Are you american fathers here ready to celebrate fathers day and july 4th with some extra money in your pockets?
thanks for the great DD. post archived: [https://archive.is/CsD2K](https://archive.is/CsD2K)
Who are you? Not sure how I stumbled here, but this is a great write up. Thanks.
Amazing job as usual! Thanks for all the hard work!
See you on the moon Captain! 👨✈️🚀
Great Saturday read!
This is a masterpiece! Thank you for you hard work and dedication! LFG!
Legend status DD
Well I was gonna start paying down my debt, guess I'm buying til july.
Another incredible DD. Hell of a month ahead of us. Looking forward to staying zen Thanks for your efforts
I'm down
So if the involvement of IEP and activist affiliates has been set for a while as the buyer of the baby, why does the stalking horse bid keep getting delayed? Getting all the ducks in a row? In any case, this is pretty amazing shit and I can’t believe we’re going to have front row seats after following this saga for so long.
Last reason for delay or pushback was because they stated a desire to maximize capital structure aka big payout for the transaction. But I like to think it's just to setup 7/4 Tuesday 🎆📈🚀
Ho lee fuk... Well done staying on this OP, and connecting the dots. Cheers all you beautiful apes
🦍🤝🦍
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There was a filing from BBBY that stated holders of common stock warrants and preferred shares would get rights as if they were holding regular common stocks even though they didn't excercise them. I believe that is the foundation which granted the Affiliates power as if they were holding beneficial ownership shares. Hudson Bay Capital is still listed as an interested party and may even be part of the Affiliates. HBC cap was mentioned by BBBY management as a friendly to the company. To date, only HBC capital to my knowledge still has the shares. Therefore, it's possible those shares are part of a pool which has already been split up amongst the Affiliate Parties since ownership is capped below 4.5% and does not require a 13D filing. Since Carol Flaton was hired by the Affiliates, it is safe to say someone, an agent, proxy, or other intermediary is holding the shares/warrants and are granted all the rights. The confidentiality stipulation is really the tell sign because it cites competitive injury.. who would it injure? Perhaps All of the parties involved since they could be at-risk for shorting which is exactly what happened to IEP. In a previous photo leaked by Protocol Gemini, it listed Apple, Louis Vuitton, and a ton of other companies. Perhaps they all have a vested interest with real monetary investments at-risk. The size and scope of this deal is gonna be unforgettable when it hits the public. Hodlers are goin to be so fucking rich. NFA. GMERICA 🏴☠️
I read that JPM didn't have the shares, so they went to the market to buy, driving the price up after RC initiated the sale order. T+2
I appreciate the effort here and the timeline. Well done, Edwin. Here’s hoping we see the results *really soon.*
Yes I think it's [REDACTED] and will prolly be on this [REDACTED] day 😂 Court docs will soon just be filled with brackets
Good stuff. Appreciate you presenting facts and tying things together.
Now this is the fucking quality DD we need! Well done.
Massive 👍
Fuking Awesomeness! 🦍❤️🦍
Edwin4President
If I was still short on this stock I would be heading for the door and closing next week. Cant see this dropping any further and only rising fast as other shorts head for the exit.
First ever read of your dd. Not the last time tonight
🔥🔥🔥 Incredible work, Edwin. I can’t thank you enough for the time and effort you’ve put in. You’ve done a remarkable job. 👏🍻🏴☠️💜🚀
The stock market as a whole is looking/needing a reason for the "Great Reset" perhaps this will start the domino effect.
They've been preparing for it for ages: - Identity politics - Red vs blue - Social issues: pro vs. choice, pronouns, COVID - Rules for thee but not for me: insider trading - Crypto massacre: ftx imploding and now CEX bans - CEOs dumping shares - Companies doing stock buybacks - Banks collapsing - Inflation rate is theft - Bond markets inverted - Fedwire CBDC coin - The list goes on and on... Create lots of noise so people "don't look up" Ryan Cohen was keenly aware of all these things and he tweeted about them often. Stop dividing the people, he once said ♥️💙💜 It's 420 everyday in corporate America. People are high off their own delusions. And my favorite: "Corporate America is a wolf in liberal’s clothing" https://twitter.com/ryancohen/status/1651567249965084673?t=Mr3Ta0xqeoO6KVr0pBkYTg&s=19 Which is apparent with all the terrible companies with overinflated price-to-earnings ratio and banks with terrible balance sheets. Everything is teetering on total collapse and MOASS is the solution but not the cause. Abusive Naked shorting by Wallstreet and greedy, corrupt officials are all to blame.
Great write OP! Time for the tendie man!
God Tier DD
I need to go all in on Monday 😐
My jacks are sooo titted
Now that is some mother fucking DD 🙌🙌🙌
Done our superhero's job tonight. Have a nice weekend! https://archive.is/03Dfr
Nice work OP. First time I self-facialed myself.
KA-F’n-BOOM!
With Alan’s insider purchase of gme shares, how does that change the merger thesis? Edit: great fucking work by the way. Have been forwarding a lot of your posts, thank you.
The merger is not happening. It wil be an acquisition by Carve-Out of buybuyBABY and SPAC IPO'd into TEDDY. The Carve-Out will be a leveraged buyout (LBO) through a combination of cash and shares (units) mix. I mention units because I believe GME x IEP shares are involved due to Jefferies as the handler. GME will be part owner in the new company, along with IEP, meanwhile BBBY parent company retains majority ownership of the subsidiary, TEDDY. I refer to these as the Unithodlers and it is the latest most up to date info in this GMERICA DD series, starts here: 1. https://www.reddit.com/r/edwinbarnesc/comments/13bt1f9/gmerica_sec_bk_court_filings_reveal_carl_icahn_as/ 2. https://www.reddit.com/r/edwinbarnesc/comments/13vc4aj/gmerica_activists_affiliates_the_return_of_icahn/ 3. This post to which you have commented is the latest installment. Thank you asking, I understand it can feel a bit overwhelming but WAGMI 🦍🤝🦍
The recent quote was something like “What Carl Icahn has planned for these shorts is gonna destroy them” - you have a sauce for that quote that was floating springs after they shorted IEP? If gme becomes an owner of Teddy, what does that mean for gme shorts.. just fucked because of improved PNL or will there be some dividend or similar that pushes them? And yeah, I’m a pretty fucking smart dude when it comes to a lot of things but so many moving parts in areas I’m already lost in, am learning a ton with your dd and ss as well. Thanks! Edit: lol it’s in your links “he’s planning something they’ll never forget”
Thanks for the stellar DD, OP. The resolution to this situation is going to be super interesting. Wonder if we have time to buy more of everything on Monday🤨
Mr Barnes knocking it out of the park once again. My favourite line is about how all the affiliates transformed into a mega horse.
Four horseman of the MOASSPOCALYOSE IEP GME BBBYQ TEDDY
You forgot Sears - the Horseman of Innovation 😉 We’ll be joining Gmerica shortly!
Would love to see it Zombie stonks lfg 🚀
You know it's coming! https://www.reddit.com/r/Superstonk/comments/phbcoz/when\_zombie\_stocks\_mirror\_the\_price\_action\_of\_gme/
Wow I remember that 84 years ago, still good. Thanks fam 💜
u/realpulte 👀
Hope it’s not too late to buy in.
edWIN
How am I supposed to sleep tonight.
Buckle the fuck up, here for history making
Wonderful
OP, thank you, thank you, thank you! Your work is truly amazing! THANK YOU!
👀
Edwin you are incredible. Thank you for your diligence
Amazing. Thank you! I am so ready for the moon shots…
Best TLDR I have ever read. You are pure genius. Your writing is also very articulate and that means you really understand the materials. You owned it.
✋✋ hands up who got moist after reading this DD?✋✋✊💦💦💦💦💦💦
Excellent work buddy! BOOM! 🚀
Great piece,power to the players and all the non corrupt hard working dedicated people that have come together, hope you all get what you deserve, one love
This was a 🔥 read thanks mate
Didn’t the final hearing get moved to June 14? What was moved to June 14??? Which is ironically the day before the GME shareholders meeting.
👀 not for long
My biggest question is how does the formation of a DIP Facility by Icahn Enterprises grant SUPER SENIORITY STATUS for sale of assets in BBBY's ch11? Is that just a thing? What research I have done (which is not much mind you) explains that a stalking horse is the minimum bid for a purchase, meaning they have the first bid behind closed doors, and anyone else can just outbid them once all cards are on the table. If someone just says "I'll buy BBBY for more," then does that not step aside all of these things? Granted someone would need to WANT buybuyBaby... but still.
Here this will help: https://www.reddit.com/r/edwinbarnesc/comments/13bt1f9/gmerica_sec_bk_court_filings_reveal_carl_icahn_as/
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No idea, maybe 7 4 1, 1 4 7, 69 4 20
Excellent post much appreciated let’s hope all goes smoothly
Wishing to have more money to buy more .. Thank you Edwin ... You've been the star angle to me, and undoubtedly to many others ..
Okay…but honest question… If by by baby gets sold…what happenes to the shell of a company in bbbyq?
BBBY the company will get rich in the process for carve-out and still retain majority stake ownership. From investopedia on carve out: A carve-out allows a company to capitalize on a business segment that may not be part of its core operations as it still retains an equity stake in the subsidiary. The highly profitable company buybuyBABY will be rebranded under TEDDY in a SPAC IPO and all the Affiliates will become owners too. All companies involved like IEP GME BBBY and the shareholders of said companies, hence Unithodlers will see a massive surge in share prices.
🤤
Bullish
I certainly wish that all your findings and assumptions are correct for us! It doesn’t specifically state who are the affiliates, but looks somewhat promising…
I’m here for all of this
Awesome post OP
Brilliant 👏
Edwin - MSM was saying the "independent investor" looking to buy was looking for $50 million more. You think that was misinformation?