/biz/ - Business & Finance

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

>>58653011
Checked.

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

>>58647075
Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns
>Press F if tranny sparkles filtered you from BBBY

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.

$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors and old shareholders, which is split evenly, so 225,250,000 shares for creditors.

On the lower end, 1.8 billion / 225.25 million = $7.9911 conversion price

On the upper end, 2.4 billion / 225.25 million = $10.6548

So I speculate BBBY will convert bonds in a range between $7.9911 - $10.6548

Hypothetically, if I have $1,000,000 in bonds:

1 million / $7.9911 = 125,139 shares

1 million / $10.6548 = 93,854 shares

>the schizo play has schizo returns

Now I'm going to be doing rough math off of Class 6 in pic rel, assuming all other classes before it were paid in full in cash. Fulcrum security means the class that is most likely to be converted into equity if no cash is available to pay them off. It is determined on a case by case basis and in BBBY's case, it is Class 6 (imo), hence why I've been buying bonds.


$1.8 billion to $2.4 billion with 50% of the authorized 901,000,000 shares belonging to creditors so 450,500,000 shares.

On the lower end, 1.8 billion / 450.5 million = $3.9957 conversion price

This is pretty close to the two conversion prices in >>58633453
>>58633479

>$3.74
>$3.49
Estimated $3.9957

On the upper end, 2.4 billion / 450.5 million = $5.3274

So I speculate BBBY will convert bonds in a range between $3.9957 - $5.3274.

>>58628678
Look at Class 6 in pic rel.

>>58521081
It can easily come back. Class 1 and 2 are satisfied. The plan admin seeking to claw back money/property from fraudulent conveyances will satisfy 3,4,5.
Class 6 gets a debt for equity swap to satisfy. Class 7 and 8 get paid too. Class 9 gets issues new stock.

Meh delisted!!!
New equity is coming

Let's figure out the fulcrum security. We can see from pic rel, Class 1 and 2 are expected to be 100% paid off and thus are eliminated. Class 3 and 4 have a strong chance to be 100% paid off and can be arguably eliminated (or receive a small amount of equity that could not be covered by cash). Investors cannot buy those classes anyway. Class 5 is a measly 100k and can be eliminated. That leaves us with Class 6 for a value in the billions with a measly 2.5% chance of recovery aka being paid out in cash. Class 6 is bonds. Remember the goal of a debt raider is to buy up a large position of debt in order to change it to equity in order for their debts to be satisfied. How do we know they will get equity? Because there is a plan of reorganization as confirmed by the court granted limited discharge. Class 6 won't be left hanging with nothing and will get their debt (bonds ) swapped out for equity in the new continuing business after the chapter 11 is concluded. We know BBBY does not have the cash to pay off Class 6 bonds as they suspended payments. Equity can be used to satisfy what cash cannot.