/biz/ - Business & Finance

Hey smoothbrains, ever actually READ a FINRA notice? The one about $BBBY? That's Bed Bath & Beyond for the uninitiated. They're going through Chapter 11, which means any interest in their stock? Yeah, poof! It's like it never existed. And for those who can't deliver real shares 'cause they're playing games with naked shorts? The rule's clear: deliver a Letter of Indemnity and pony up the ORIGINAL contract price. That's right, not today's penny price, but whatever it was when you first shorted. Guess those 'worthless' shares aren't so worthless now, huh? Hope you've got deep pockets, because you're gonna need them.

Oh, and at any point, for any reason, the plan can still be amended to issue whatever the fuck they want without any notice to anyone. Those NOLs they spent hundreds of thousands of dollars discussing? Yeah, they might need those....

In fact, all the money spent discussing the NOLs - get this - INCREASE THE FUCKING NOLs

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