/biz/ - Business & Finance

>>53449444
OH BAGGIES

>>53449444
>>On or around January 13, 2023, certain events of default were triggered under the Company’s Credit Facilities as a result of the Company’s failure to prepay an overadvance and satisfy a financial covenant, among other things. As a result of the continuance of such events of default, on January 25, 2023, the administrative agent under the Amended Credit Agreement notified the Company that (i) the principal amount of all outstanding loans under the Credit Facilities, together with accrued interest thereon, the FILO Applicable Premium and all fees (including, for the avoidance of doubt, any break funding payments) and other obligations of the Company accrued under the Amended Credit Agreement, are due and payable immediately

DEFAULTED

>>At this time, the Company does not have sufficient resources to repay the amounts under the Credit Facilities and this will lead the Company to consider all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code. The Company is undertaking a number of actions in order to improve its financial position and stabilize its results of operations including but not limited to, cost cutting, lowering capital expenditures, and reducing its store footprint including related distribution centers. In addition, the Company will continue to seek reductions in rental obligations with landlords in its determination of the appropriate footprint, seek additional debt or equity capital, reduce or delay the Company's business activities and strategic initiatives, or sell assets. These measures may not be successful.

AND UNABLE TO PAY DEBTS

KEK BAGGIIIIIIIIEEEEEES

>>53449444
lol

all these shorts now building against it further may now actually trigger the shortsqueeze. Before it wasn't likely but this may make it so, ironically enough. P/C ratio is at 1.23.

The 8k must be filled by 530pm est today in accordance with no more than four business days from an rsu conversion to cash equivalent which happened on the 20th for all board members other than the ceo. An action that would be considered insider trading if the company were to go bankrupt. Welcome to the first day of the rest of your life, and a full explanation for the stock falling off a cliff getting shorted as hard as possible today. Sneed shills, you work in the employ of satan, m&a happening this afternoon. Good job getting hoodwinked by the 10q btw, and lets not forget the companies bonds getting paid off either.
>NOTHING CAN STOP WHAT IS COMING

>>53449466
>RYAN COHEN
>HIRING MA EXPERTS
>MUH HEDGIES
>SOON 4D CHESS
>FLOAT DRS


even more deluded than linkies

Why does this make me do the smile? KA LI KI KI

someone kek my bags

CUT MY LIFE INTO PIECES

Lose your minds coping and seething faggot shills. It's coming and there is nothing you can do, not copy pasting chapter 11 documents, not having articles published, none of it. You could have bought as low as 1.32 like I did and gotten to ride it up to hundreds if not further per, but no. May God have mercy on your souls. RICO will not.

>>53449444
>9.06pm

Where are they located?

I STAYYYY... TO WATCH IT FADE AWAYYYYY
I DREAMM OF YOU TOOONIIIIGHTTT.

>>53449615
europe

dip before the proportional rip. if you think my life will change at all by losing $100 on some more cheap feb calls you're gravely mistaken. I could give 2 shits about anything right now

>>53449733
This is a level of comfy I strive to achieve
>checked

>IT'S THE GREAT MOASS CHARLIE BROWN

>mfw I just bought more

>>53449826
LET'S FUCKING GOOOOOOOOOOOOO
INSHALLAH WAGHASRSHOFAIAHC
GOD IS GREAT

>listened to BBBY memesters again
>"What about short exempts and their dark pool exchanges?"
>"Fuck off with your fud they can't do it forever!"
>Buys more shares
>Pic related

>>53449518
Should I buy a little stack of BBBY?

>>53450131
do whatever you want boyo, we've already won

People have been holding a dead company for 2 years thinking it would squeeze to 1000 dollars a share for no reason, even after it squeezed to 40 dollars a share for no reason 2 years ago. Like. Why wouldn't you just sell and go back to work? Who the fuck is holding onto the hopium all this time?

Shills on red altert, let the great sacking of wallstreet commence.

You all deserve worst, and I sincerely hope you find that fate.

>>53449444
Bag Bag and Bagond. Kek baggies.

lmao they just hired some dumb bitch

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000886158/000088615823000028/bbby-20230124.htm

I can't imagine getting so hyped up for a non happening merger only to find out that they are hiring more worthless directors

zero soon retards :3

I trusted a man named cohen with my life savings how could you betray me reddit!!!! Now i will have to liquidate my funko pop collection to pay jayshauns rent this month for my goodboi points

>>53451153
Ms. Flaton has over 30 years of experience in banking and finance, transformation and restructuring, and governance and risk management.

>>53451153
Wait till you see the rest of it ;)

>>53449466
>These measures may not be successful.

Carol Flaton was appointed to the Talen Energy Supply Board of Directors in November 2021. Ms. Flaton has over 30 years of experience in banking and finance, transformation and restructuring, and governance and risk management.

Since 2019 she has provided financial advisory services and served as an independent director for both public and private companies. Recent mandates include Speedcast International Ltd (ASX: SDA), EP Energy Corp. (NYSE: EPE) and Jupiter Resources, Inc. She also was nominated in 2020 by the Xerox Corporation (NYSE: XRX) as an Independent Director candidate for HP, Inc. (NYSE: HPQ) in a Material Shareholder Proposal.

From 2014 to 2019 Ms. Flaton was a managing director at AlixPartners (formerly known as Zolfo Cooper, LLC) specializing in restructuring and turnarounds. Prior to joining AlixPartners, she was a managing director in the restructuring practice of Lazard Freres (“Lazard”). At Lazard from 2008-2013, she advised debtors, creditors and equity holders engaged in restructurings, debt exchanges, 363 sales, acquisitions, refinancings and capital raises. Prior to Lazard, Ms. Flaton was a managing director at both Credit Suisse First Boston and Citi (1995- 2008) responsible for distressed positions in the banks’ portfolios as well as being a senior member of the risk management teams.

Ms. Flaton has a B.S.B.A. from the University of Delaware and an M.B.A. from IMD (International Institute of Management Development, Lausanne, Switzerland). She has held NASD Series 7 (registered rep) and Series 24 (managing principal) licenses.

>>53451622
Based

>>53451639
Based and informative pilled.

>>53449518
>>53449826

>RYAN COHEN RUGGED US!!!
lol no, the time to buy is NOW

>>53449444
This can't be fucking happening

REDDIT TOLD ME THIS WAS GOING TO MOON

WHAT THE FUCK?!?! Should I have bought GME instead?? were those shizos right along???

I only bought BBBY cause it was cheaper but goddamnit

Fuck this shit. Why the fuck am I doomed to be poor. Why the fuck did I fomo and keep buying this shit

KWAB