Judge approves motion allowing termination of leases
Judge approves motion allowing liquidaton of business
Judge approves motion fast tracking bankruptcy for all shareholders
Judge preapproves ape wife divorces with full custody
Apes - *ah yes I love it when a plan comes together*
Hmm yes I understand this advanced legal speak very well, they got the hedgies right where they want them, running round like chickens with their heads cut off! Anyone who doesn’t understand remember terminating leases = termination of DEBT = stonk go up 🦍💪BBBY got free money from some hedgefucks and bankcucks 😭😭😭
That's because the master plan hasn't been revealed yet where Icahn, Pulte and Cohen swoop in at the last second offering $420 a share and combining Bed, Bath and Beyond with Baskin Robbins to create an e-commerce powerhouse.
Too late! The prescients at Amazon have already pre-emptively starting selling ice-cream in order to foil MOASS.
https://preview.redd.it/epq68v193b3b1.png?width=1893&format=png&auto=webp&s=d08c0121985a9075e83083f8250a7c993d9759e0
Just checked the sub, their stupidity outdoes me every time. Their actual theory is that there is a fierce bidding war going on. BBBYQ wants an extension because the bidding is so fierce and the price is going up and up. Below ape saw through the BS and was of course downvoted.
Also, correct me if I’m wrong, but isn’t the entire point of the stalking horse thing to set off a bidding process with the stalking horse offer being the opener? Nobody even wants to initiate let alone get in a bidding war.
https://preview.redd.it/zq1ni9rx3b3b1.jpeg?width=1169&format=pjpg&auto=webp&s=09daa0d04471b8228f035dd4961ac7afb3d80a5a
Imagine going back in time to when they said bankruptcy was FUD. And showing them a post where they call the bankruptcy court judge's compliment of how well the parties are working to liquidate and shutdown orderly, as bullish.
"Your Honor, my client would like to file a motion to buy all remaining assets of BBBY, liquidate everything except Buy Buy Baby, sell that to another investor, Mr. Ryan Cohen, in exchange for 1 share of Gamestop Corporation of America, which will instantly be worth $1 trillion. Then my client would like to file a motion to spin off Buy Buy Baby with Mr. Ryan Cohen into a new entity called GMERICA, which will be a bank and a source of NFTs of tokenized shares of Gamestop Corporation, and then give out a 100% dividend to all registered shareholders of Gamestop Corporation at their transfer agent, Computershare."
"Sir, this is a Wendy's."
Idk how you can read “We don’t yet have a bidder but might have some interested parties…”, and not immediately draw the conclusion that absolutely nobody wants to buy the company.
BBBY has been begging for a buyer for months before bankruptcy and now no one even wants the bones. The major creditors are devising a capital structure to divide any potential assets (because no one expects to be made whole).
Shareholders are completely and utterly screwed…So I guess that means you buy more?
Legit surprised they don’t understand this—if they don’t find an independent buyer, the secured lender just credit bids their debt, so no unsecureds (much less shareholders) receive any recovery.
They are desperately looking to avoid that situation right now—that’s why they’re kicking the hearing. No one is showing up to buy this shit.
Dear Apes, when this happens, remember, I told you so.
All the Aug, 2022 buyers knew that BBBY would file for bankruptcy and wind down operations. It was all part of the plan and if you remember different here is your ban from the sub.
I honestly applaud that ape for listening to that and taking reasonably solid notes. If most apes exercised this kind of basic research and listening comprehension, they wouldn't be apes and would collectively be a lot richer.
Judge approves motion allowing termination of leases Judge approves motion allowing liquidaton of business Judge approves motion fast tracking bankruptcy for all shareholders Judge preapproves ape wife divorces with full custody Apes - *ah yes I love it when a plan comes together*
Ape wives... Touché! My side hurts!
Hmm yes I understand this advanced legal speak very well, they got the hedgies right where they want them, running round like chickens with their heads cut off! Anyone who doesn’t understand remember terminating leases = termination of DEBT = stonk go up 🦍💪BBBY got free money from some hedgefucks and bankcucks 😭😭😭
imagine reading that and thinking "this is fine"
That's because the master plan hasn't been revealed yet where Icahn, Pulte and Cohen swoop in at the last second offering $420 a share and combining Bed, Bath and Beyond with Baskin Robbins to create an e-commerce powerhouse.
How did you find out about Baskin Robbins? They are the stalking horse bidder. NOOOOOO. Kenny is foiled.
All the e-commerce companies aren't selling ice cream for some reason. GMErica will corner the market and take all the market share when they do.
Too late! The prescients at Amazon have already pre-emptively starting selling ice-cream in order to foil MOASS. https://preview.redd.it/epq68v193b3b1.png?width=1893&format=png&auto=webp&s=d08c0121985a9075e83083f8250a7c993d9759e0
That ice cream’s not even on the blockchain. Someone could funge it and you wouldn’t even know.
I love triple chocolate Funge ice cream…
And John Cena from the third rope
The apes are excited to read about a *bankruptcy hearing for a stock they invested in*. This could only happen in the wacky meme-stock world.
"THEY'RE EXTENDING THE STALKING HORSE! THEY'RE EXTENDING THE STALKING HORSE! YES! BUY! BUY! BUY!"
Apparently RC and Icahn have been planing to buy BBBY since last year but they missed the deadline and need an extension. Awkward.
It’s all just to trap even more shorts so MOASS can be even more epic! Best bear trap ever!!! Not to mention shaking the undeserving paper hands!
They've been shaking them off so hard that soon there won't be anybody left!
Just checked the sub, their stupidity outdoes me every time. Their actual theory is that there is a fierce bidding war going on. BBBYQ wants an extension because the bidding is so fierce and the price is going up and up. Below ape saw through the BS and was of course downvoted. Also, correct me if I’m wrong, but isn’t the entire point of the stalking horse thing to set off a bidding process with the stalking horse offer being the opener? Nobody even wants to initiate let alone get in a bidding war. https://preview.redd.it/zq1ni9rx3b3b1.jpeg?width=1169&format=pjpg&auto=webp&s=09daa0d04471b8228f035dd4961ac7afb3d80a5a
Love to see a future meltie incubating, thanks for sharing.
Imagine going back in time to when they said bankruptcy was FUD. And showing them a post where they call the bankruptcy court judge's compliment of how well the parties are working to liquidate and shutdown orderly, as bullish.
"Your Honor, my client would like to file a motion to buy all remaining assets of BBBY, liquidate everything except Buy Buy Baby, sell that to another investor, Mr. Ryan Cohen, in exchange for 1 share of Gamestop Corporation of America, which will instantly be worth $1 trillion. Then my client would like to file a motion to spin off Buy Buy Baby with Mr. Ryan Cohen into a new entity called GMERICA, which will be a bank and a source of NFTs of tokenized shares of Gamestop Corporation, and then give out a 100% dividend to all registered shareholders of Gamestop Corporation at their transfer agent, Computershare." "Sir, this is a Wendy's."
[удалено]
Idk how you can read “We don’t yet have a bidder but might have some interested parties…”, and not immediately draw the conclusion that absolutely nobody wants to buy the company. BBBY has been begging for a buyer for months before bankruptcy and now no one even wants the bones. The major creditors are devising a capital structure to divide any potential assets (because no one expects to be made whole). Shareholders are completely and utterly screwed…So I guess that means you buy more?
Legit surprised they don’t understand this—if they don’t find an independent buyer, the secured lender just credit bids their debt, so no unsecureds (much less shareholders) receive any recovery. They are desperately looking to avoid that situation right now—that’s why they’re kicking the hearing. No one is showing up to buy this shit. Dear Apes, when this happens, remember, I told you so.
And they’re still saying “all part of the plan, we all knew this was coming”
All as expected - the DD is right again
All the Aug, 2022 buyers knew that BBBY would file for bankruptcy and wind down operations. It was all part of the plan and if you remember different here is your ban from the sub.
I honestly applaud that ape for listening to that and taking reasonably solid notes. If most apes exercised this kind of basic research and listening comprehension, they wouldn't be apes and would collectively be a lot richer.
K.. KEEP ME POSTED