/biz/ - Business & Finance

I sure am thankful these good Samaritans were amongst the first people to post in this thread to remind me of my investment. However, it sure would be interesting (and very funny) if BBBY had an injunction filed against trading of its stock in order to preserve its NOL by way of preventing changes in ownership. I would also find it quite humorous if there was a clause in the confirmation plan that explicitly stated, "in the event of fraud", the plan can be revoked and changed at any point. Considering the above, many laughs would be had if there was a lawsuit filed against the board of BBBY for fraud, thus activating the aforementioned clause. And, hypothetically, if all executives apart from Ryan Cohen's appointees were named in that lawsuit, it would seem to follow that he is benevolent to the company, and in fact didn't alienate his most loyal stockholders for a barely 1% increase in his net worth, getting involved in a Section 16B lawsuit in the process.

What's that? Oh? All the funny little things I just mentioned in this post are real? And there is even an 11.8 billion dollar claim filed against BBBY, an amount that perfectly matches the amount in share buybacks done by the board (who is being sued)? Also Ryan Cohen attempted to purchase the company 4 months after he sold his shares in august 2022 for 400 million.

Whew, that sure is a lot of funny coincidences that are following my bankrupt towel store. I sure hope these coincidences do not cause anyone to lose a potentially infinite amount of money. Well, that would only happen if certain groups of nefarious neerdowells continued to short the company despite not having the shares to do so, and of course, no one would be THAT stupid.

Bed Bath & Beyond
BBBY

Anon here, just relaying a message from Thump...