/biz/ - Business & Finance

>>56281003
>keep in mind they only cancelled the share offerings, not all shares
They explicitly cancelled all shares, pic related.
>>56280854
The company as it was has dissolved, and all that remains is a liquidation trust. This liquidation trust will of course have someone managing it. There is always the possibility that he'll step on a piece of dogshit one day on his way to work, and think to himself "huh, might as well send this to the former shareholders". The value of this turd will be worth significantly more than the current value of all BBBYQ shares combined ($0).

>>56184550
>They were desperate to push the narrative that it was dilution
The company has repeatedly confirmed that dilution happened. Pic related, 782m shares outstanding.
>on February 6th
It was $6 on February 6th, and is now down to 10 cents. Anyone who was short on that date is sitting on massive profits.
>realized he was trapped
How are shorts trapped when shares are about to be cancelled (pic related), meaning that they never have to close their short positions? Inb4 merger nonsense. Why would anyone want to acquire a company with billions more in debt than assets (pic related)? Isn't it far more likely that Cohen would want to spend his billions on an asset with some fundamental value, such as dogshit?