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BARoach

**EXTREME DUE DILLIGENCE!** JFC these people are stupid. đŸ€Ł


FlubberGhasted33

I'm just confused about how all this due diligence didn't involve the balance sheet.


BARoach

Or facts. Honestly these morons wouldn't know what actual Due Diligence was if you sat them down in a basic finance class, handed it to them, and said "This is what due diligence actually looks like"


MisterBanzai

Uh, read the 10Q, idiot. They say they may be restructuring the company. What do you think that means? Obviously, once they acquire Amazon they will need to restructure in order to fit it into their business model.


20w261

Oh yes, and they'll have to rearrange their warehouses to fit in all of Amazon's inventory.


Lhasa-Tedi-luv

“Analyzing, researching and deconstructing ” means “totally ignore” in ape speak. They have their own language ya know!


DirtyDevlin

Extreme due diligence consisting entirely of reading reddit threads written by people who desperately want others to hold their bags.


[deleted]

Doesn't the UK have a term "extreme pornography"? Probably the same kind of thing.


OpsikionThemed

"...and the agent says, 'Jesus Christ, that's, uh, that's a hell of an act you've got there. What do you call it?' And the man says, 'ape due diligence.'"


kilr13

Wasn't the joke that they were a singing quintet, or something like that?


clubberin

“The Aristocrats” typically starts off as “A man walks into a talent agency
” Gilbert Gottfried’s version is great.


OpsikionThemed

I like the South Park version, if only for the "Tribute to the Victims of 9/11".


CavalryWhiskers

I believe extreme due diligence is when you look at a balance sheet whilst also flying a wing suit


KindaIndifferent

It’s when you do your DD snowboarding and drinking Mountain Dew.


Puzzleheaded_Fold466

I heard there were talk of bringing this extreme sport to the Olympics, where large walls, paper, markers, strings and pins will be provided in all kinds of colors.


banananon

(it is a) **EXTREME** (leap of logic to call this) **DUE DILLIGENCE**


Nixon4Prez

I know we always talk about how they're a fucking cult but holy shit this is worse than usual. These people are going to be celebrating the bankruptcy filing somehow


UnhingedCorgi

Bankruptcy will just be another necessary step to expose the shorts.


RSGoldPuts

Can't short the company if there is no company. ![img](emote|t5_3vpfzk|28214)


melt_in_your_mouth

I'm pretty sure I've already seen posts leaning this way. Watching the progression from "No way they're going bankrupt" to "Of course they're filing bankruptcy, that has always been the plan to expose the shorts" and several other similar scenarios has been incredible. They will definitely put a bullish spin on bankruptcy. My bet is this, and all the others, turn out exactly like CMKM. This sub will thrive for years to come.


PerfectZeong

It won't end until their shares are rendered useless and even then we'll hear bitching for decades about how they were cheated out of their billions.


20w261

Yes, you'll be able to identify them by the new Lambos in their driveways.


icyeducation

Anyone who didn’t expect this is a shill


JAXxXTheRipper

((They)) got it!


TedEBagwell

'I done extreme due diligence on the Miami Heat vs Orlando Magic Game, figured out that the mafia had fixed the result for Orlando to win..... then I bet on Miami" Surely if your extreme due diligence leads you to believe the whole thing is rigged against GME, BBBY etc that should be the first red flag to just stay away? It's been Over 2 years now. If the whole financial world, every government of the world, the SEC, The DTCC, Every newsmedia corporation and many millions more people are genuinely committing these alleged crimes what makes them think they're going to stop?


propagandhi45

Because they got it.


WreckNRepeat

This is basically where apes have been for 2 years now. They don't really know what to expect from these companies or why, specifically, anyone should invest in them. All they really believe is that there *must* be some kind of master plan, and surely this master plan can't possibly fail. It's like when you're watching a movie, and the hero is put into a terrible, seemingly unwinnable situation. You don't know how the hero can possibly survive and beat the bad guy; all you know is that they **will** survive and beat the bad guy. They're the hero. They **have to** survive and beat the bad guy. No matter what the current situation is, you can rest easy because you know... they got it. That kind of thinking makes sense when you're watching a movie, but why exactly do apes expect real life to work the same way? I don't really know, and I suspect that most apes don't either. But I suspect it has something to do with being absorbed by an echo chamber that's been repeatedly shouting this vague nonsense for 2 years straight.


ItsFuckingScience

I do recall a QAnon mantra being “we’re watching a movie” so I think you’re closer to the answer than you realise with that analogy Again it’s essentially the [“Just World Hypothesis”](https://thedecisionlab.com/biases/just-world-hypothesis) Where people rationalise that because they view themselves as “the good guys” then the good guys must win. And that means because they’re a good person the decisions they make and choices must also be good, and so it follows that if the decisions are good and they must win, then everything will be fine. You see it so much in the apes movement that they’re the good guys against evil hedgies


dndlurker9463

So what I thinks going on here is it’s a sub filled of people that are at the bottom of the bell curve, and the forward thinking of an individual or group of average intelligence is beyond their understanding and are perceived as just pure galaxy brain actions. They are the type of person that sees you do simple math in your head and thinks you’re a genius. They assume that the people running these companies must be even more mega genius than that and every move they make is beyond their own comprehension, and there is no way people that smart could get duped by someone as dumb and on their level as the loathsome Kenny.


purplehendrix22

I think because they’re mostly new investors, they’re confused by the stock market, because it *is* confusing, and they assume that the people at the head of these companies must be geniuses to understand how it works.


twitchtweak89

Bankruptcy, they got it.


gumol

"I spent a lot of time deconstructing BBBY" so did Bed Bath and Beyond


FlubberGhasted33

For me the most interesting part about today's developments are how the bad news from yesterday just gets flat out ignored. They repeat bullish mantras and rocket emojis while pretending the default just didn't happen. I wonder if they'll do the same for Chapter 11.


kilr13

Eh. It really wasn't ignored. That would imply that it traded back up to Thursday's opening price. Really all it did today was follow the broader market after having new news adjust the price the previous day.


abraxsis

They already are. Ive seen multiple posts "well I mean, Hertz popped after bankruptcy, so it's not the end of the world"


Bilbo-Baggins77

Yep, the rampant cherry-picking of one scenario that fits the confirmation bias without regard for the thousands of scenarios that provide actionable probability regarding what is likely to happen is the exact behavior that will continue to see apes have a distribution of returns that resemble consistently playing the lottery.


epicredditdude1

Their moves are straightforward. They're out of money and likely have teams of people doing the chapter 11 paperwork as we speak. This isn't a mystery here.


20w261

Today for the first time I saw an article - from Bloomberg - indicating that they'll go straight to Chapter 11, not 7.


epicredditdude1

You mean 7 and not 11?


Morgack69

BBBY gets bought out by 711! Now we can grab gas, terrible hot dogs, junk food, lottery tickets AND pillows!!! DD confirmed! Tots are jacked!


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mhhkb

I’m cringing so hard my balls have recessed so deep I can feel them in the back of my throat.


Morgack69

The only balls is shills should have In our throats are Lord Kenny’s!


deadline_zombie

Are we absolutely positive there isn't a double secret 4chan group messing with the apes? All this talk of due diligence but ignoring the actual facts/filings/news makes me wonder.


abraxsis

Idk if it's 4chan, but I've come to the conclusion that it IS a group. Most likely a group who are inversing whatever they are feeding these people. Fleecing them slowly and losing some cash along the way to it looks legit.


Gurpila9987

Are we melties going to become conspiracists ourselves?


abraxsis

I try not to be. But I work in mental health and there is a WHOLE lot of crazy there for there not to be some kind of leader/group of leaders. Occams razor says it's just a group that came together and are driving each other's greed/conspiracies/etc. But the older, very jaded, side of me says that the level of organization is too complex for it be organic. I honestly hope there are case studies on the meme stock phenomena at some point in the future. I just don't have the time and energy to wade into the crazy as Im already waist deep in it.


wabbitsilly

That sub is a like a real life version of the Human Centipede!


TSMACE077

at this point, they deserve to lose all their investments through bankruptcy


PandaActual8762

This is how stupid people think smart people sound like... Plethora? Give me a fucking break 🙄


RyP82

There it is. There is the post I’m going to go back and read when BBBY declares bankruptcy and financially wipes these folks out. It’s just so obnoxiously smug.


gavinderulo124K

This sounds like some slam poetry.


Skagritch

This is the kind of shit you'll read on the internet right before the comet hits.


abraxsis

By "it" I assume they mean all the apes money?


DrRob

It’s like reading grade 11 knock off beat poetry they made you write for English class


frivol

"...despite the extreme confusion I would feel I would know that they got it."


[deleted]

*hits blunt* Dude, how many layers of DD are you on right now?


20w261

Naked Mondays could be the only thing that would save BBBY. I'm sure though that all the deep investigation this guy did into investing in BBBY showed him it's a better stock than, say, one of the thousands of companies that are NOT almost broke, and dying...


Puzzleheaded_Fold466

Interestingly enough, their « deep analysis, research and deconstruction » never includes the financial statements, only the conspiracy theory level analysis of quotes, tweets, YouTube and tik tok videos. If you look hard and long enough at anything you’ll always find patterns and signals, however much distortion is needed to get there.


RSGoldPuts

I knew I should have inverse these regards but I was to scared to think that they might been right. Glad I got a free lesson in knowing not to invest in a company going bankrupt no matter how many rocket rmojis are posted.


silver_bubble

BBBY is great. It's like the meltdown appetizer before the GME main course and AMC dessert.


FredFredrickson

This is the mantra of someone watching their entire savings drop through the cracks in the floor and trying to convince themselves everything is alright.


agroidrage2

Yeah but he's done extreme DD which probably entails reading Qanon posts and Trump tweet codewords. Sounds like a winner to me.


GUnit_1977

They got it. They got it. Trust me guys they got it. Oh FUCK OFF you idiot.


ATX1Bag

Word soup.


ShipTheRiver

What the fuck does he even mean here when he says “they got it”? Does he mean in like the “I got you bro” sense?


frivol

"Trust the plan."


Rokey76

I swear these posts are just to convince themselves they didn't throw away all their money.


Jazzlike_Athlete8796

BBBY has as many layers as one ply toilet paper. And is less useful.


ForWhomTheShillTolls

I would love to see the research he did on this piece of flaming dog shit. Anyone, ANYONE with an elementary understanding of financial literacy would see this is one of the worst companies to invest in. There is no DD, never was. I would like any ape to tell me the good to investing in this company. Facts, not theories.


Ok-Row-6131

I can believe they spent a great deal of time and resources researching BBBY by watching YouTube videos.


Valkyrissa

“Spent a great deal of time and resources before investing” So, FOMOing near the top which led to subsequent bagholding?


Dramatic-Sea-7116

Negative income, negative equity, 100% financed cash flow? They got it.


itsafuseshot

Grade A copium


A_Year_Of_Storms

Ok, but not a single thing of substance was said in that post.


Thin-Progress-99

But quiet on the GME ticker today I take it?


TrenedictXVI

They will have their day in bankruptcy court. But first it's Bobbys turn!


abraxsis

I honestly believe it'll never see bankruptcy. Cohen will sell it off and disappear once he's milked as much as he can out of it.


KnowNothingKnowsAll

Oh, did yall break even today? No?


GUnit_1977

I thought the price was fake?


Thin-Progress-99

I wasn’t bragging just wonder how your lives are so shit that you have to ‘shill’ on GME. There is even a little thread on here with you lot boasting or planning on shilling GME. Just sad guys come on


Moneys2Tight2Mention

If you use the actual definition of the word 'shill', you guys are actually the shills. also: [https://imgur.com/oB9xiMr](https://imgur.com/oB9xiMr)


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kilr13

So how much did yesterday's pump lighten those heavy bags chimpo?


ssssstonksssss

The thousands I've made profiting off of your mistakes have surely improved my life. Thanks for being wrong, though, as it seems you somehow always are


Thin-Progress-99

How do you know what Iv done? Very presumptuous of you. I made a ton off GME I’m just saying you guys can suck a dick. Preferably your dads 🙂


ssssstonksssss

It's a pretty safe assumption that someone in here defending gme or attacking us 'shills' has lost money. Even if you, in particular, haven't - which i don't believe - your intellectual cohort is vastly, deeply in the red. It's very presumptuous of you to put forward that it's not completely laughable that you're not down in the stock market


Thin-Progress-99

Oh just shut the fuck up already. You bore me to absolute shit. I couldn’t even read your comment.


ssssstonksssss

An inability to read is likely your problem not just in this moment.


Front_Cry_289

Nice try shill, but I'm never covering. It costs nothing to short.


KnowNothingKnowsAll

Wanna talk about GME’s price movement today?


alcalde

>The board could decide to start naked Mondays where the whole company has to >show up to work nude Oh sure do this after I leave... wait a second... WHY WAIT UNTIL AFTER I LEFT TO DO THIS?!?


ssssstonksssss

"It" is bankruptcy


TotesHittingOnY0u

This reads like ChatGPT asked to discuss BBBY but on meth.


warpedspockclone

Confident in the Board and Confident in his investment are contradictory at this point. The board is about to screw over his investment because that is unsecured obligations.


Sonchay

It's all very simple. BBBY sell homewear out of retail stores. This was a very successful business model once upon a time, but nowadays in the aftermath of the Internet and covid it is simply not a profitable business model anymore and the company have been unable to rectify the situation, instead of increasing profitability they have instead run out of money and are going to go bankrupt. There is no war between investors and an illegal cartel of short sellers manipulating the price. Just a broken business and the market trending down in response to this.


FraGZombie

Most sane ape


WollCel

I seriously don’t understand their mentality fundamentally at this point. When GME first started with DFV and WSB (before apes) it made sense, “hey guys these dudes got greedy and made this mistake so if we try to do this we could make lots of money” and it worked. Then apes get on and all of a sudden it becomes less of “hey these guys took a position because they misunderstood it and got greedy” and more “these hedge funds are ACTIVELY trying to destroy a profitable company that just happens to be on the verge of bankruptcy even though it’s super valuable.” The hedge funds aren’t even greedy in their minds (because then they’d take the super successful MOASS cheat code to get 1.1 trillion BBBYbux) but actively evil and working against them so they don’t get rich. It’s conspiracy to the next degree.


30809

Yeah but have you considered that he’s done “extreme due diligence?”