/biz/ - Business & Finance

>Latest hires

>Holly Etlin - Chief Restructuring Officer
https://www.alixpartners.com/our-professionals/hetlin/

>David Kastin - M&A Specialist board member & CLO
https://news.bloomberglaw.com/business-and-practice/bed-bath-beyond-has-new-legal-head-as-it-seeks-sales-revival/

>Carol Flaton - Carl Ichans appointee in Xerox take over
https://bedbathandbeyond.gcs-web.com/sec-filings/sec-filing/8-k/0000886158-23-000028

>other info
>Kais Maalej The OTC King
https://nitter.net/kaismaalej/status/1705623469386309955

>ONLY THE YOUNG
https://reddit.com/r/ThePPShow/comments/16naect/poop_rc/

>umm uhh uhh uhhh uhhh
https://clips.twitch.tv/ImpossibleOnerousCoyotePJSugar-z9qYvrP5icgqvDRr

>The PP Show Livestreams
>10/23/23 - Kory talks about bots, social media manipulation, & infiltration
https://www.youtube.com/live/y3gseS1QfxU?feature=shared&t=2237
>9/12/23 - AJ
https://www.youtube.com/watch?v=RwuA35aL1R8&t=14261s
>7/26/23 - Bill Pulte Interview
https://www.youtube.com/watch?v=0zgpMt5J8Co
>Temporary alliance with jews and reddit we can go back to hating each other later
>Don't take any DD for fact use your brain

>As always
Kek bondies
Previousneed on /BBBYQ/:
>>56528415

Janitor acceptance emails will be sent out over the coming weeks. Make sure to check your spam box!

WAGMI

houston wade (u/houstman):
>If she's making her own label/record company, she may want to use a SPAC to IPO. Her dad works in finance and she hates, absolutely hates Apollo for fucking her over on her music rights. It is rumored that she's an ape.
ONLY THE YOUNG

Phil is about to see how wide his ass can spread.

>>56538175
>showing me the plan objection of Neely Das, who is a fucking idiot and trying to waste the courts time
You stupid fuck, that was THE objection TO Needful Das' Objection.

A reminder of the infinite losses hedgefucks are facing.

You dumb fucks ended up cellar boxing yourselves, KEK.

We're going to be rich this year

Still waiting shillies

Melty sub in absolute shambles

I'm here to cope and buy Bed Bath and Beyond shares.
And I'm all out of money.

>>56538183
A Taylor Swift cosign/involvement would move my pt from 200,000 a share to 450,000 a share.

>>56538283
Nice, all these lowball 10k a share numbers.
Let's get to the juicy part.

>>56537283
Baking perfectly on the 300th reply of the last bread, good job baker.

>>56538225
The stock is canceled, shares cannot be uncanceled. Therefore, short positions are closed and cannot be reopened. A short squeeze of BBBYQ is impossible.

>>56538322

>>56538244
Is that platinum sparkles?

>>56538322
Why won't you address this?
>>56538229
If NOL's are preserved then shareholder equity must be preserved. Why won't you ever address this?

Kek downies, dead thread dead stock, soon I will add dead shareholder

>>56538341
Nobody wanted the NOLs when they were auctioned, otherwise someone would have bought them then. Who says they will be preserved?

>>56538322
lmfao you fucking idiots can't even refute anything, get fucked and kill yourself :)

TOP KEK
We fucking did it bros!!!!!!

>>56538336
nah it's Hannah a meltdownsub troon. Disgusting I know. but these are the types of subhuman trash we've been dealing with.

Shills keep huffing that copium

Another thing shills won't respond to

>Rule 382

Section 382 typically refers to a specific section of the United States Internal Revenue Code, specifically Section 382 of the IRC. This section deals with limitations on the use of net operating losses (NOLs) and other tax attributes when there is a change in ownership of a corporation.

In general, Section 382 imposes restrictions on a corporation's ability to use its NOLs and other tax attributes to offset taxable income after a significant change in ownership. The purpose of this section is to prevent corporations from acquiring companies with significant tax attributes, such as NOLs, solely for the purpose of reducing their own tax liability.

In general, Section 382 imposes restrictions on a corporation's ability to use its NOLs and other tax attributes to offset taxable income after a significant change in ownership. The purpose of this section is to prevent corporations from acquiring companies with significant tax attributes, such as NOLs, solely for the purpose of reducing their own tax liability.

>>56538362
It literally says there in black and white, we have hundreds of hours of lawyers billing for "preservation of NOL's" why are you so bad at this?

>Nobody wanted the NOLs when they were auctioned
The NOL's were not auctioned the IP's were, again you are really bad at this

>>56538392
Opps, double pasted the Rule 382 at the end there....

>WErE doEs IT SaY AbOuT PrEserVING NoLS!?!?

In the billing of the lawyers handling the M&A

But wait, theres more

>>56538392
None of this matters, shareholders of BBBYQ as of the effective date are getting nothing. The court made that very clear.

>comfy

>>56538362
Funny how in the previous thread shills were saying shareholder equity can get passed to creditors, so NOLs aren't even a factor. Keep your story straight, shillies!

Also, you've been touting this point for months. You don't buy a NOL, silly shilly. You acquire the NOL by acquiring the entity that holds it. What sense does "buying" a tax credit make. In that case, you either spend more purchasing the tax asset for more than it provides, or you receive more value from the tax asset than you spent. In either case, it makes no sense, as the point of the tax asset is to offset/reward you for the risk you took on for starting a company. You don't get that asset without the risk.

Silly shilles, you're really running out of steam!

>>56538433
>He doesn't know

>>56538433
Cope harder faggot, you lost.

>REEEEE IT DOESN'T MATTER!!!!!!!!!!!!!

Provide your proof and sources you nigger, YOU HAVE NONE. The plan can at 11th hour be changed as long as it does not hard the creditors, which making shareholders whole does not.

YOU CANNOT PRESERVE NOL'S WITHOUT AT LEAST 50% SHAREHOLDER CARRY OVER INTO THE NEW EQUITY

YOU ARE A FUCKING DUMB NIGGER

>>56538341
>then shareholder equity must be preserved
But BBBYQ no longer have equity, per the Final Order, as reiterated by the Plan Administrator.

>SANTA-CLAUS IS AN INVISIBLE GHOST THAT REISSUES SHARES OF COMPANIES WITH ZERO ASSETS AND BILLIONS IN DEBT!!! YOU LITERALLY CAN'T!
>PROVE ME WRONG SHILLYBILLY HEDIEWEDGIES!

>>56538450
>The plan can at 11th hour be changed
Will that uncancel BBBYQ?

>>56538450
shares + equity, 10 billion being reinvested into the company to set a high base price to automatically set every short underwater.

And then we are PAID to hold the stock? the price will just keep going, hedgies on ledgies.

World war 3 is truly right around the corner, it's the only move they have left.

>>56538450

>>56538463
You genuinely seem mad, considering that you can't even type properly. Consider going outside and getting some fresh air.

>>56537283
Baker is the Boss with this hilarious OC. Phil is Phucked.

>>56538450
>NEW EQUITY
There is no equity after the debts have been settled. Do bbbq baggies not understand the negative side of the number line?

>>56538443
This is what rule 382 is all about. They stopped trading on it so "expert" markets could not fuck about with ownership during this as it would effect the NOL transfer

>>56538457
>>56538229
>>56538463
>>56538477
ANOTHER BUNCH OF DUMB NIGGERS WITH NOTHING TO COUNTER THE COURT DOCUMENTS STATING NOL'S ARE BEING PRESERVED

Holy shit you lot are AWFUL at you job

Shills in fuckinng shambles

>>56538219
That doesn't change the fact that it's arguing against his fucking stupidity
>share cancellation is not share deletion, you can't un-cancel shares
You fucking retard

>>56538433
/thread
Kill this dumbass fucking general it’s doing more harm than good

>>56538502
You are the dumbest samefagging gorilla nigger ever, you haven't made a single point against the ACTUAL COURT DOCUMENTS, all you've done is appeal to emotion you fucking cretin

>>56538489
I own as many shares as you! 0 WAGMI?

>>56538518
We now know all shares were pulled into the dtcc's restructuring department, not to liquidation.

kek shillies.

>>56538498
Answer these simple questions:
(1) Can an "11th hour plan change" (assuming it can happen) uncancel the shares?;
(2) If the shares can get uncancelled, by what mechanism can said uncancellation restore equity rights to BBBYQ holders?
>>56538500
Answer this question: where do BBBYQ holders get their rights to receive any new stock issuance?
Aside from impotent REEEEEing, there will be no answers to these questions, as is tradition.

>>56538500
It literally states they stopped trading to maintain the NOL's in the documents. Shills can't even refute this and side step every single time. At this point they know they have nothing and it's 100% appeal to emotion bullshit. Not even worth a reply now

>>56538502
>it’s doing more harm than good
What harm is being done? Nobody can buy or sell. Nothing can be done right now so the only thing anyone can do is wait. It shouldn't bother you this much. Calm down a bit. Seriously.

>>56538450
Ok, guess I'm wrong, enjoy your TEDDY shares.

>NOOOOOOOO
>b...but the shares gone! w,...we won you can't do this!!!!
Sorry seethies. You knew the risks and now you are bankrupt.
Nothing personal.

Why is GameStop replying to Kai’s unprovoked?

>>56538529
Per the administrator
>canceled, worthless, cannot be un- canceled

Would you be interested in providing proof that your delusional fantasies are real? No, I will not accept a t shirt selling redditor's youtube videos as proof.

No one got notified, it just happened, on the instruction of the DTCC, which got their instructions from the company to recall, make worthless the shares, this is the precursor to reissuance. They should have also filed the paperwork for the new CEO of the new company, but they haven't and the deadline was the 31st. So they are eating the fine for it (pennnies in reality) to maintain secrecy of the company.

The only reason shills are here is the same as PlatinumQueefcakes tellig you to call your broker to get them written off for tax, the SECOND they were removed. They cannot afford for the new equity to hit and will do everything they can to get your emotions up to think it's over in the face of overwhelming evidence.

>>56538560
Nvm I might have looked at that wrong? I don’t understand twitter

>>56538560
lmao GameStop has been replying to tons of bed bath people lately. surely it's just a coincidence, right shillies?

>>56538577
Just sit down and be quiet, your death is coming SOON. Expect even more hot fire to drop down on you melty cunts today, lmfao.

>>56538602
So I shouldn't expect any proof that the court was just joking and you're all going to be rich from a secret plan?

>>56538611
>NOOOOOOO
>WE CAN SET UP A BULLTRAP
>BUT YOU CANT SET UP A BEARTRAP
>REEEEEEEEEEEEEE

>>56538225
I still don‘t know what that image is supposed to prove

>>56538626
625 hours of lawyers time was spent on M&A activity. Not bankruptcy, M&A activity.

>>56538626
It would help if you could read..

>>56538625
Are saying
>THE PATRIOTS ARE IN CONTROL
???

Thats a lot of chedder for restructuring, a lot going to K&E the premier M&A legal firm in the world. This is the final billing, which means it's OGRE for shorts

>>56538582
absolutely cannot wait to see platinumhotdoghallway hemmed up in court over this.

When it's outed she was a hedge plant all along, oh fucking boy!

>>56538543
By giving these idiots hope that something is going to happen when it’s not. I’d say that’s pretty harmful on people’s psyche

>>56538677
This is a bad look, even for you guys.
Just accept defeat.

>>56538632
Probably Overstock buying their name, inventory, and intellectual property for pennies on the dollar, but that's just what an intelligent person would assume.

I suppose you believe it's laying the groundwork for the world first negative networth no name, location, or customer store that specializes in anonymous posting about an entirely separate company's CEO's line of children's books?

>>56538632
>>56538660
I don't know how anyone can still be in denial of what is going on, especially since all of this is exactly what has been speculated for months now. Imagine spending more than 600 hours on something and not going through with it. That is a goddamn ton of time to spend on something.

>>56538672
>platinumhotdoghallway
kek I bet her minge looks like my smoked chicken

>>56538699
No one is in denial, they are just hoping you lose faith and forget about it after writing it off. rom market open to market closed, like clockwork should tell you what you need to know.

I love how informed these mad fucks are lmfao

>>56538721
But remember they do it for free! Spending hours reading, watching and researching so they can "counter" what is written in plain black and white kek

>NOLS
preserved
>Shareholders
made whole
>Shills
kekd

>>56538733
>watching
Literally nobody. It's easy enough to learn everything needed to lol by just skimming the threads, and seeing which talking points make you go nuclear. Obviously those are the ones that are true.

>you need 600h+ of M&A lawyer team to take care of an IP sale
bumpie retardation levels are off the charts

>>56538632
The A stands for acquisitions. They sold assets. M&A lawyers are the one dealing with the kind of stuff, liabilities risk due dilligence etc., that comes with such acquisitions. May have also been an attempt to find someone to merge with in order to save the company —> you usually want to do this before declaring bankruptcy since anything worthwhile was bought out by other companies for pennies on the dollar

>>56538733
Shillies are being extra silly today

>>56538755
Trademarks can come with trust-based liabilities. And just coming to a reasonable evaluation is work too. Though I won‘t put it above my learned colleges to fudge the numbers

>>56538733
I barely know this much about companies I hold, let alone companies I think "don't exist". I'm not sure bump baggies is enough to express the energy they've invested into shitting in this general. Kek philies, kek glenies, kek bondies, kek shorties, kek doug shit, kek dumbfuck bump baggies

>>56538733
>made whole
Your ass prints in black ink?

>>56538783
Gaston
So long as you are on our side we can never fail...

>>56538686
Says the baggies circlejerking trying to find something that’s not there. Literally beating a dead horse expecting it to get up. This is why you will always be poor

>>56538783
>I barely know this much about companies I hold
We can tell

Anyone else phoning it in at work today? We're literally going to be millionaires in a FEW DAYS.
I can hardly believe it.

What;s the matter hedgies? You better start slurpin up dem cheapies to close your positions... that is... if there any for sale.
TOP KEK
WE FUCKING DID NIGGGGGGGAAAASSSSS

sh...shillies? Not like this...

>>56538829
kek, that's all you get.

>>56538862
Today? BBBro, I've been phoning it in since April. I already got put on a Performance Improvement Plan, and I fully intend on not fulfilling it. I told them they can fire me. I'm so ready to wagmi it

>>56539008
You might wanna hold onto your job till moass happens. Just in case it takes more than two weeks

i took a MASSIVE DUMP on debras (my bosslady) desk today, turd was so money
let's all quit our jobs!
wagmi barebackbrothers!!

More and more proof mounting for what's about to take place.

Stephen fieldings - M&A tax partner

Elias Tzavelis - M&A tax partner

These are the two top dogs at Deloitte in the merger and acquisition department.

You know how big Deloitte is.

If you look these two up, they discuss 382 ownership changes in M&A tax talk.. these are their specialties within the firm..

Kek shillies.

>>56539008
Agreed with >>56539031. Don’t quit your job unless you literally can pay yourself a yearly salary for the rest of your life off of investments. And even then, don’t stop working. I recently found a job I actually kind of enjoy, I’ll still quit if I got a ton of money because there are jobs I want more. But I’ll always contribute to society until I no longer can. Work feels good, work is sexy. Every American needs a 3 month vacation though, the wage slaves are being driven to burnout by their masters. It’s about to blow up in their faces.

>>56539068
I should note, I can get another job in my industry really easily. My current situation is that my company is very clearly falling apart, so expending energy to try and be in the good graces of executives who can't do their own job right seems to be a waste of time. Most people I've talked to are looking to jump ship, as well.

>>56539068
screw that? we going cortez out here boi, we burning our ships, no way back! all in!!!


I HAVE NEVER BEEN MORE SURE OF ANYTHING IN MY LIFE

REMEMBER WE'RE IN THIS TOGETHER

POSITIVE THINKING

WAGMI

>>56539089
I'm taking a year long vacation.

I have no problem working, but being able to pursue my passions instead of paycheck will be a welcome change.

>>56539089
Gotcha. Sounds like you’ve got a handle on the situation then, anon. Glad to hear you’re in demand. I’ve been there with shitty companies hobbling to their eventual death. Smart to get out before it destroys your soul. But of course, make them get rid of you if possible, milk that shit as long as you can.

Do you guys have any example of a bankruptcy where the prior shareholders made tons of money snd got equity in a new company?

>>56539142
BBBYQ

>>56539110
Absolutely going to grift them for all they're worth lmao

>>56539108
No matter how this plays out, I am going to be on the most secluded beach I can find and just disassociate for a month. All the people talking about going to Vegas or whatever are insane. You're most vulnerable at the early onset of a windfall, not to mention the safety concerns of a bunch of newly endowed people running around LARPing as ballers.

Will the silly shillies please identify yourselves and step forward for your kekking.

>>56539165
They won't be larping but I have the same thoughts. I just wanna fucking do what I want when I want and have the means to do it.

>>56539156
So that‘s a no. What makes bbby so special. It‘s your average bankrupt brick and mortar stock like so many before it

>>56539142
Chuck Co. went bankrupt but their shareholders got equity in $NEED.

>>56539223
I just want to lift, program what I want, and bang zoomer tiktok egirls

>>56538392
I don't doubt the (((lawyers))) are grabbing what they can. What I doubt is that anyone is going to pay for these NOLs now, and what I doubt most is that former shareholders of BBBYQ will get anything out of it. Also, keep in mind there have already been two ownership changes with Drem On Me buying Babby and Overstock buying BedBath IP. Let me know when you get your Teddy shares and I will come back and apologize though.

>>56539142
Yes, Hertz, now fuck off and go look it up. There are dozens of examples.

>>56539202
kek shillies

>>56538433
>>56538492

you cant argue with these people. they are too ignorant to understand the legal documents they are pointing to. just enjoy the human zoo factor as they find their next level of copium. we'll be reading new theories for how BBBY and GME are going to come back and destroy the financial system for the next decade.

>>56539253
Ownership change by way of NOLs is determined by equity holding. This is why the judge was asking for holders of more than 4%, as any change of more than 5% equity would impact the NOL preservation. Trading was subsequently halted to prevent this from occurring in any capacity.

The change of IP is simply an asset and has nothing to do with the underlying equity. This would be the same as saying because we sold a retail location to someone else, NOLs don't apply as "ownership" of the company changed.

Shareholders getting wiped out would represent significantly more than a 50% change in ownership for the sake of NOL's. Bond holders were offered equity in January, creditors may be offered equity as part of the BK process, but if they are, it dilutes the original pool of ownership.

>>56539357
Shillies literally cannot fathom NOL's being preserved because it means we were right all along

>>56539233
A systemic naked short position is open on GME and blowing out the shorts will give GME full access to the capital markets.
It is like finding a hornets nest on your property that you don't want there. So you find the hole where they are hiding and you dump gasoline inside to kill the nest.
That's what is going on here. The shorts are trapped and unable to close their position so you force them out.
It was a bear trap. Have you not been following along this hole time? Most of us have been anticipating these moves for quite some time and they unfold before us like clockwork.

>>56539293
Pretty compelling evidence for bbbq mooning, but I did find this. Care to dispute it???

>>56539291
Why was said equity cancelled, expunged and holding no further claim or however they stated it in the filing? If the NOL are so valuable why did no one buy them during the auction? I get you want to win, I just don't think you did. Hedgies won this one bro.

>>56539388
Gamestop and bed bath and beyond aren't the same company... bed bath and beyond isn't even a company at all actually.

SHIIIIIIIIIIIIIIIIIIIIILIES

COME OUT TO PLAAAAAAAAAAAAAAAAYAAAAAAAAAAAAAAAAAAAAH

SHIIIIIIIIIIIIIIIIIIIIILIES

COME OUT TO PLAAAAAAAAAAAAAAAAYAAAAAAAAAAAAAAAAAAAAH

>>56539399
>If the NOL are so valuable why did no one buy them during the auction?

>>56539436
Thats the 3rd or 4th time I've heard that cope line from them.

YOU CANNOT BUY THE NOL'S YOU FUCKING CRETINS, THEY GO WITH THE GOING CONCERN OF THE EMERGING BUSINESS YOU FUCKING IMBECILES

>>56539399
Please see this post >>56538443
in response to yours. The wording of your post shows you don't really know what a NOL is.

>>56539429
Keep dunking on the shillies

>>56539425
>GMEcels seething of BBBYQchads

>>56539269
So Hertz got saved because used cars exploded in value which made another company buy it out. Not only is a similar price hike unlikely but most of the valuable assets are already sold off

https://www.youtube.com/watch?v=M5QGkOGZubQ

Oh boy, the shills are starting to lose. Very much in their anger phase. This is when you can fuck with them the most. These ones have to be the ones with money on the line. A job on the line. Not your paid overseas shills. This is legit anger and depression. They know. A lot will end it all. Others will lash out hard. Remember that these are animals. Do not treat them with respect, they are just filth. They aren't human.

>>56539456
A big pile of losses and debt, which is all the former company was at the end. Nice moving the goalposts though. During the auction period baggies were definitely expecting someone to buy. Any time Icahn or Cohen farted they were speculating it was a play on BBBYQ. Again, when you get your Teddy shares or any financial compensation whatsoever, I promise I will be back in these threads to apologize.

>>56539596
They really are desperate at this point, right up until the end they will be adamant they were right. Then reality will sink in and they will realise they lost out the opportunity to make money because a goofy citadel employee corralled them to shill against their best interests lol

>>56539604
>Completely ignores the fact that he doesn't understand NOLs are not purchased like a traditional asset is

Assuming you're just retarded, NOL acquisition will come alongside the theorized merger action, which, by the looks of the absolute torrent of dockets that are coming out, is definitely happening. Hope you don't kill yourself when you realize all the money you could have had instead of spending your time either
A) doing the bidding of (((hedgies)))
B) spending days upon days researching a stock that you have no financial interest and immersing yourself in its community so you can more effectively "kek the baggies"

Take your pick between A and B, both are equally as pathetic

>>56539673
Link the post where I said anything to the contrary, you strawmanning faggot. The time for mergers and ACQUISITIONS has come and gone. Citadel or Doug Cifu or anyone could have theoretically acquired the company and the NOLs with it, but no one did. Now talk about why the shares were cancelled and hold no claim on anything forever and ever amen.

>>56539741
baggies btfo...

>>56539741
>>56539759
>say the cancelled line again, george! That'll show em!
you really are some dumb mother fuckers

Silly billie,
The poor shilly,
Takes my nuts upon your chinny,
When I'm done, I'll quickly spun,
And you can taste last nights chillie

>>56539798
>>56538500
>in some cases
this isnt one of them, youll get nothing.
youll own nothing and be happy

>>56539798
They have some of the dumbest comments I have ever heard, literal script reading fucktards who can't argue 625 hours of M&A billing by lawyers

>THERE IS NO M&A!!!!!
>REEEEEEEEEEEEEEEEEEEEEEEE

Is all you get from them despite the court docs showing otherwise

>>56539834
>23pbtid
baggie copium

>>56539798
i know it's hard, anon

but through the power... of OPTIMISM!!!!!!

WAGMI

IF WE ALL HOLD HANDS AND FOCUS OUR ENERGY RLY HARD, FOR FRIEZA, WE CAN BEAT VOLDEMORT, GATHER THE INIFINTY EMERALDS AND BLOW UP HOGWARTS!!!!

Keep on seething shillies

Sorry shillies

>REEEEEEEEEEEEEEEEEEEEE

Is not an argument, I accept your concessions

>>56539142
Does it really matter?
>Something has never happened before
>Therefore it can never happen ever
That logic is bottom tier retarded

>>56539741
>Citadel or Doug Cifu or anyone could have theoretically acquired the company and the NOLs

Remember the 26 enumerated requirements laid out in the dockets that determined who was a "qualified bidder"? One of those requirements was that the bidder could not have held a short position in the BBBY security. Of all the bidders, only 2 qualified.

Man, shills need to keep up with the lore if they wanna shake it with the BBBros.

REMEMBER WERE ALL IN THIS TOGETHER

THE KEY IS POSITIVE THOUGHT AND TO VISUALIZE DAILY AND OFTEN

IF YOU BELEIV IN YOUR HEART YOU WILL GET YOUR REFUND

THE EVIL POWERS CANNOT REDEEM APPLESTORE GIFT CARD, BY VISHNU AND LORD OBIWAN WE WILL DEFEAT UKRAINE, SLAVA ZELENSKY!!!

WAGMI, EXCEPT DEBRA; YOU SUCK I WILL NOT CLEAN YOUR DESK YOU SLUUUUUT!!!!!

>>56539834
A lot of lawyers looked into merger possibilities and helped the sell off of bbby assets. And probably padded the billable hours because why not. There you have your 600 hours of m&a

>>56539951
>600 hours of padding
You serious?

Where is dogshit anon?

>>56539951
Yeah I'm sure the judge overseeing this case would sign off on over 600 hours of fraudulent M&A activity by the most reputable law firm in the country.

>>56539967
They actually are kek, this is how damaged their minds are

>>56539972
>>56539977
I'm actually shocked they would even attempt to downplay 600 fucking hours of M&A activity. Like holy shit

>>56539991
It's a case of throw enough sit some of it might stick at this point. Whatever points are raised they MUST counter argue even if they are dogshit tier retardations

>>56539971
He got caught masturbating at the dog park

>>56539967
500 hours plus some padding. That‘s like 2 months od work for one lawyer and they probably had more working on the case. You got a lot of research going into appraising assets talking with potential customers. What are you even basing your theory on that this is an usually high number of billable hours?

>>56539991
>>56539951
>be largest most reputable law firm in the country under the supervision of federal bankruptcy court
>casually "pad" over one third of your billable hours in a category that composes over 40% of your espenses
>pssh nothin personell kid

holy fuck shills, i didnt know you were THIS buck broken

>>56540008
I want to kek him the most.

>>56540031
600 hours is a very long time to be focused entirely in one area, and that area happens to be related to something that has been long speculated as the outcome of this chapter 11 bankruptcy. I genuinely can't understand how you would even try to downplay something of this magnitude.

>>56540037
They spent over 650 hours on mergers and aqusitions

>>56539991
There were acquisitions though. Both Bed Bath & Beyond and Baby were put to auction as going concerns, and ultimately had their IP's sold off. These are acquisitions, there's significant documentation of these transactions in the docket, and lawyers had to be paid to write up the paperwork. I don't understand why you're hyping up the company in which you are no longer a shareholder being charged for something that's already happened and already failed to save the company as bullish.

>>56540055
>600 hours is a very long time
Based on what metric?
> that has been long speculated as the outcome of this chapter 11 bankruptcy
My bad, how could I forget

>bro M&A will never happen bro
>652 hours of Merger & Acquisition Activity
>bro it's only acquisitions bro

>>56539927
>One of those requirements was that the bidder could not have held a short position in the BBBY security
Kek 2D chessies

>>56540043
You can kek me all you want when your portfolio starts outperforming mine. Unfortunately for you, that will never happen. You were retarded enough to lose all your money in a bankrupt towel retailer, whereas I'm all in on dogshit.

>>56539834
The court docs said you get nothing. Regardless of whatever else is in the bancrupcy documents, they made it very clear holders of BBBYQ are wiped out and get nothing.

>>56540110
BaggieLarge is in the house
>This.

>UltimateMasturbate is having a meltdown in the downie subreddit
lmao, totally unhinged

>>56540110
Could you tell me what it is about dogshit you find so apeeling?

>>56540115

so let's say we have announcement this weekend and then distribution on monday when do we actually get rich like immediately or what

>>56540095
There are quite a few books and papers on this topic but yes bankruptcy fees are typically very high. Probably because there isn‘t that much incentive to keep costs low. Enron paid a billion in bankruptcy fees. If you have numbers that show this to be an extraordinarily high number feel free to provide them

>>56540110
Could I trade some of my bbby for your dogshit? I‘m willing to do a complicated merger with a bag per bag exchange and a sizeable cash offering

>There are quite a few books and papers on this topic

>LOOK ATTORNEYS ARE BILLING FOR THE WORK THEY DID
>THE WORK SAID MERGERS WAGMI
>doesn't answer the simple question of "how will you uncancel shares"
So BBBaggies have now resorted to the equivalent of shitting one's self and smearing one's self with the product, then calling everyone else stinky.

>>56540095
Forgot the links:

https://www.wsj.com/articles/BL-BANKB-21731

https://www.waterstones.com/book/professional-fees-in-corporate-bankruptcies/lynn-m-lopucki/joseph-w-doherty/9780195337723

https://www.linkedin.com/pulse/bankruptcy-fees-1000-an-hour-dilemma-anthony-baldo

>>56540095
their job is to take any piece of information and bend it and twist it in a way that's either negative or misleading

So baggies what is the deadline? If you dont get your shares or money in a month will you admit you were wrong and it really went to 0 and thats it? Two months? A year?

>>56540141
It's impossible to view any investment in isolation, you have to compare it to its alternatives. I'd heard the hype around BBBY, and decided to do some research into its potential. Upon looking at its financial situation, dilution, debt, lack of assets, and bankruptcy risk, I swiftly concluded that I'd be better off investing in dogshit.
>>56540184
A single dogturd is worth more than every single BBBYQ share combined. I would never be retarded enough to trade a bag of shit for some BBBYQ shares. If you're willing to do cash only though, I'll take $100m a turd.

>>56540229
They won't get un-cancelled, new equity is issued based on a date of record.

>>56540229
they don't need to "uncancel shares", that's not a thing, they can ihowever ssue new shares, and in order to do so they had to cancel the old ones.

>>56540154
>>56540229
>>56538337
Like clockwork lads, let's do it again

>>56540297
>they can ihowever ssue new shares
Very good. Now answer this question: What document or instrument gives the right to receive these new shares to former holders of BBBYQ?

>>56540343
Can‘t you read? It says merger and acquisitions right here: >>56540037

>>56540276
Nice thesis bud.

>>56540095
>>56540321
case in pont

>>56540069
>dumb ID
>dumb poster

>>56540371
They will never answer this because it completely btfos them the fuck out. The shares were cancelled and hold no claims to anything, not even the dogshit in the park, and no amount of hopium can change that.

>>56540254
Bingo It's quite funny, because if it was JUST a liquidation and selling off the IP's then NOL's would not be considered. So they can kvetch all they want but the sheer fact they are mentioned as being preserved it is not how they want to think it is. They are fucking hollow golems

>>56540343
The one which says NOL's are being preserved. They cannot do so without shareholders being made whole. Why do you all keep avoiding this point?

Remind me, is the current plan in place final, or can the current plan be changed?

>>56540493
>The shares were cancelled and hold no claims to anything,
NOL's are being preserved, we have about 200 points around this, why do you pretend this isn't a fact?

Why can't you read picrel and tell how NOL's are being preserved WITHOUT shareholder preservation as rule 382 is about this and we have seen billing showing they worked on this.

Why do you avoid this?

>>56540520
The part of the plan that says baggies get paid is fixed. But the number can be adjusted up at will

Everytime I think shills can't get any more pathetic they outdo themselves. Thanks for entertaining a lurking anon, shillies.
>How is your investment doing
>Cancelled, extinguished, no rights
>No new equity
>dogshit
Yeah yeah your talking points are very cute. Instead of repeating yourselves, make some new OC. Memetic power is strong, you'll convince more anons if you're actually funny or clever.

>>56540493
Its been answered, you just keep ignoring it

Shillies are only out in force because the final dockets are in and it shows

>NOL's preserved
>Shareholders MUST remain whole per rule 382
>625 hours of M&A activity billed

They are scrombled and in shambles

>>56540520
The BBBYQ shares were buried in concrete, dropped to the BOTTOM OF THE OCEAN SIX MILLION MILES UNDER THE SEA.
The shares are worth trillions of dollars, but we can't get them. The hedgies have won.
There was only one man capable of retrieving the shares but the hedgies already got to this selfless hero.

>>56540499
>>56540517
>>56540536
>>56540598
>NOLS preserved
>Shillies are only out in force because the final dockets are in and it shows
you can hear their desperation in these posts and on twitter, they are not representing the viewpoint of a side that's aready won, they clearly how a lot at stake here and it shows.

>>56540094
>based on what metric
The metric is that over one third of their billable hours (1901.3) is M&A activity (652.2). Additionally, M&A activity is their second most billed category. Before you say "source", please see >>56540037

>>56540598
Where does it say in section 382 that prior shareholders must be made whole, wise bankruptcy lawyer?

>>56540371
That shows billable hours for work related to Merger & Acquisition Activity. Show me where it says BBBYQ gives its current holders the right to receive newly-issued shares from a new company.
>>56540517
>The one which says NOL's are being preserved.
So, again, show me where it says BBBYQ gives its current holders the right to receive newly-issued shares from a new company, because I can show you the document that says all the rights and privileges from BBBYQ have been extinguished as of 09/29/2023.

>>56540675
Is that extraordinarily high? You‘ve never looked at any of these sheets before

>>56540702
>>56540321
>He can't keep getting away with it

>>56540720
Do you not understand how relative values work? "extraordinarily high" is not an objective measurement in this context. In the context of the BBBYQ bankruptcy, they literally spend over 33% of their time discussing M&A activity. In the best case for you, there could be two other categories that beat it out. In this case, the one category that beats it out is the most general, all-encompassing category of legal activity.

Please keep coping, it makes my cock hard knowing I'm right and your ilk are the most retarded group of soulless golems that exist.

>>56540741
I accept your concession.

>>56540689
NOL's require the ongoing concern (company exiting the CH11 process) to retain at least 50% of shareholder equity in the new entity. For this reason >>56538229 shares were recalled to prevent "expert" market users from abusing this and trading to effect the NOL's. This is also why the judge ordered to know who is a 5% or over holder. The 50% comes about because it means there is NO change in the company ownership. We know that BABY is what Cohen wanted, so it makes sense that equity and cash offer is happening, as there is a retention of the old company, while selling the BABY dept to Cohen to create Teddy. If 49% of shareholders were made whole then it would mean a majority owner now holds the company and NOL's would be null and void for the going concern.

>In the United States, for example, the ability to use NOLs is subject to limitations, including those governed by Section 382 of the Internal Revenue Code. Section 382 imposes restrictions on the use of NOLs when there is a significant change in ownership of a corporation

Key part is SIGNIFICANT change, which means a 50% or more ownership must be made whole.

>olM8YW13
>continuing to cycle through his responses to make the arguments go around in circles
I accept your defeat

>>56540762
>Proof shills can't read and don't comprehend nuance
Say it again pajeet

>>56540778
it's the same faggot who was sealioning about GME yesterday. They really can't mask their posting styles. Wat he is doing is fishing for replies to post on his wankboard of retarded down syndrome pals.

>>56540761
Do you not understand what „extraordinary“ means? Bbby is not the first company to go bankrupt. Is 600 hours of m&a unusual in a bankruptcy of this size? If it isn‘t that would suggest they did the normal amount of work required for a ch. 11 bankruptcy. If it is way higher than comparable cases you could show that to be the case?
You have no experience in bankruptcy law. Saying 600 hours of m&a is a lot for a company that used to be worth billions is pure conjecture. Saying 30% of time investment is unusual is pure conjecture

>>56540829
You ave no experience in bankruptcy law but pretend you are an expert.

Refute this

>>56540768


I accept your concession now to save time

>>56540860
bro he's a bankruptcy lawyer and an expert in his field. he's offering his services to us pro bono

DIVESTED SUBSIDIARY

I will not be replying to anymore sealioning faggots, you have had all the info you need and are going to get

>>56540897
>sneedlioning
this, the time for spoonsneeding is over

>>56540860
I‘m not an expert in bankruptcy law. That doesn‘t mean I‘m gonna take your guys word at face value that 600 hours is a highly unusual number with zero (0) facts to back up that claim

>>56540829
First off, this is a unique bankruptcy case. Secondly, I am looking on Kroll at random Chapter 11 bankruptcy companies and most don't even bother with M&A because that isn't the path they go down to preserve value most of the time. Of the ones that M&A is mentioned, it is most certainly not in the magnitude shown in the expenses here. Even if M&A activity (for some reason) would be hidden amongst miscellaneous expenses, it is still incredibly rare to see one category take up one third of the billed hours, so your point still doesn't stand.

Silly shillies. Hope you don't have any daughters, cause if you do I'm using my newfound wealth to paint their faces with the thickest cum you have ever seen.

>>56540939
kek, thank you I should have thought of that

now we wait and sneed

>>56540950
Why are you here at all?

>>56540110
Yeap.... I'm thinking based

>>56540768
This whole thing is a baggie delusion fantasy to cope with your investment being wiped out. Hopefully you all get the mental health care you need, you need to accept the loss and move on, and maybe don't invest if failing companies.

>>56540768
This, and the reason it's 50% and not 100%, is so that the creditors can still be given equity without invalidating the NOL's. In practice that means all shareholders as a group.

>>56540985
Insneed

>>56540969
Can you give me the links

>>56540788
You can't just take ignorance coupled with wishful thinking and label it as "nuance"

>>56540896
They should have filed paperwork for the new CEO on the 31st but they did not, they will be fined and clearly do not give a fuck due to keeping it a secret (It's going to be Matt Furlong) and the GME maxis are going to flip their shit when they find out. I think that will be the moment the maxis will lose their shit proper

I'm getting 60 dollars per share, just because.

It doesn't matter that I bought at 7 cents before it got delisted

I will be rich

>>56540897
These silly shillies are a bunch of... bunch off... DOUBLE SEALIONS

>>56540517
They can. Shareholders don't need to be given anything.
>picrel

>>56541145
I like their reason comes down to

>Just because....ok!!!!!

After providing them literally everything showing a LBO is happening, they still think childish insults are going to work. It's a complete joke and they are the punchline

>>56540896
Also this is literally proof of sale of their BABY asset, so we have the going concern of BBBY being called Butterfly or whatever entity it becomes post CH11 and we have the carve out of BABY going to Cohen for Teddy.

We will probably see a mix of equity and cash, likely if IEP is holding BBBY post CH11 possible cash as he would go private like Westpoint homes and Teddy would be equity in Teddy.

Shills

Shambles

Get

in

>>56540517
Of course they can't, especially not if the avengers and harry potter has anything to say about it

Captcha RR WUT?

Shillies? Your response

>>56541004
https://cases.ra.kroll.com/radioShack/Home-DocketInfo
>Docket 3722

https://cases.ra.kroll.com/basicenergy/Home-DocketInfo
>Docket 1532

About these "new shares", are they in the room with us right now?

https://www.reddit.com/r/ThePPShow/comments/17mc1bo/according_to_cn_he_was_able_to_buy_2024_bonds/

Oh dear shillies, Bonds are trading again. That would be a shambles you are required by law to get into

sneedlions watch out for whales

>the ocean is rising
Like I give a shit
>the whole world is ending
Honey it already did
You’re not gonna slow it
Heaven knows you tried

>>56538229
Holy shit. Tbh this is insane how the shorts are dodging this post it’s beyond epic.

>>56541324
No whales here. Only baggies with $0 worth of shares.

>>56541225
>we have the carve out of BABY going to Cohen for Teddy.
But Dream on Me bought BABY? So Cohen will buy BABY from Dream on Me, giving holders of BBBYQ, a security giving no obligations by the issuer (BBBY) to the holder (See 23-13359, Document 2172, p.106, paragraph D), "a mix of equity and cash," because____?

>>56541362
I self custody my BBBY shares so hedgies and brokerages can't steal them from me and they're worth whatever I'm willing to sell at which will be $7500 a share when the hedgies come crawling back to me when they need to close their outstanding positions.

>>56541303
>GUYS! SOMEONE ON THE POOPOO SHOW SAID SOME IMPOSSIBLE STUPID THING! I'M QUITTING MY JOB AND GOING LAMBO SHOPPING!
This is officially the new /biz/ gay retard club

>inb4 Thats overstock!!!!

Overstock is BYON ticker

>>56540269
Kek baggies have no answer. Kek baggies.

>>56539098
Ute mountain resort CO has a neat Indian casino. Check it out, keep driving northwest for Moab desert funsies. It’s actually one of the best drives through all of America.

>>56541303
HAHAHAHAHAHA HOLY FUCK WE ARE GOING TO BE SO FUCKING RICH

Was this cunt a time traveller after all? 5th of November, BBBY about to blow, which would cause GME to pop due to a) swaps blowing up b) Collateral collapsing c) Fomo from retail and d) gains from BBBY

>Teddy makes thanks giving great again

Thats 10th November, the 6th is when the 10 day from the 26th for various 10 day filing periods are up.

WAGMI

OH SHILIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIES

WHAT DO YOU FUCKING SAY NOW?

>>56541442
Me too!
Currently writing my 2 weeks because I am about to be a MILLIONAIRE.

>>56541602
I guess you better buy all you can now. You should put your life savings in this.

>be me
>dirtpoor eurofag
>buy 2.5k shares of a dying brick and morty toilet paper store
>am i gonna wagmi?

>>56541445
Buy all you can, these will become TEDDY shares.

>>56541602
>WHAT DO YOU FUCKING SAY NOW?
I want the company formerly known as Bed Bath and Beyond to exit Chapter 11 and issue new shares.
>why
Because I will be ready with my salt mining equipment. I also totally see Needful Das suing Butterfly when he does not receive the new shares.

What I don’t understand is since bbbyq shares have been liquidated/recalled/reorged etc whatever you wanna call it and accounts have been emptied of the shares, why are naysayers still shilling its ogre? There’s nothing anyone can do so wtf???

>>56541754
They want us to be happy with $25 instead of holding out for $10,000.
They are sooooo fucking maaad

>>56541754
I also don't get it, unless the shills are on some kind of retainer paid up until the end of the year or something.

Update: bmo won’t even discuss the “recorded bbbyq shares” over email now.

>>56541683
First thing Im doing is moving to a greek island and being a eurofag too lol
but yeah, yagmi fren

>>56541754
I have been shitting on chainlink bagholders for almost 3 years. The fun is never over as long as there's a delusional idiot out there to call retarded while pointing at the scoreboard.

Welcome to 4chan!

>>56541813
They are sick of baggies harassing them.

>>56541828
So your emotional well-being depends on bullying others losses?

>>56538392
https://twitter.com/ryancohen/status/1501305188732129280

Too busy talking to expensive consultants?

>>56541602
Are you a creditor?

>>56541828
>>56541854
>>56541935

Why won't you refute this

>>56541303
>>56541445
>>56541602

>>56541940
Are you a creditor?

>>56541954
Refute the points made, being a creditor has no relevance to the points made you sneadlioning twat

>>56541828
At least chainlink still exists and can be traded.
This thread is a whole new level of delusional because the shares were rendered void and totally disposed of.
BBBY no longer exists and everything they have went to overstock / creditors. It's just over lol.

>>56541966
>Bonds are given to creditors
>Waaaaah creditors have nothing to do with it
Ok baggie. You still get nothing

>>56541940
reddit is a fake n gay tm skinnerbox designed to manipulate you, but you already knew that, right?

>Verification not required.

>>56541981
Not an argument faggot, now GET IN THE SAMBLES, the NOLS are being preserved, ergo shareholders MUST be made whole.

YOU HAVE NO ANSWER TO THIS BUT TO SEETHE

>>56541986
>still not refuting anything and appealing to emotion.
When will you actually address the points instead of attacking the messenger?

>>56541995
> ergo shareholders MUST be made whole
but.... anon.kun, you are not a shareholder

>>56541995
Post proof that shareholders must be made whole for the NOLs to be preserved. Cite the US financial law that states it.

If you cannot then I accept your concession.

dogshit anon looking good rn

yeah im thinking were all gonna wagmi it
sorry kids nothing oersonl

>>56541754
>why are naysayers still shilling its ogre
1. Because BBBaggies kept on sharting up /GME/ (prior to cancellation)
2. Because BBBaggies will not leave /GME/ alone (this is probably PPajeet's doing)

>>56542025
heh.. nothin personel, kid

>>56542011
>>56542021
>>56541995
Even if the preservation of NOLs require BBBYQ shareholders to be made whole, when BBBYQ holders are indeed made whole, since they have zero equity, the equivalent of making them whole is tantamount to giving them a piece of paper representing zero (0) dollars.

To recap for the short bus shills

>>56538225
>>56538229
>>56538426
>>56538414
>>56538392
>>56538619
>>56538660
>>56539061
>>56539429
>>56540768
>>56541225
>>56541303
>>56541445
>>56541602

not a single one of you can refute any of this

>NOL's (Net operating loses) to be carried over to the going concern means that at least 50% of shareholders must be made whole in the new equity to not force a change of ownership
>Rule 382 stipulates this
Rule 382 has been discussed by lawyers
>Shares were stopped trading due to this fact as expert markets could effect the use of NOLS
>Bonds are now trading again, which means that shares WILL be trading again shortly
>Shares WILL be reissued again as part of the going concern of the new company
>The BABY has been sold as part of the divestment as per the dockets showing
>Lawyers are now all paid up which means the deal is done

YOU LOST. SHAMBLES. GET IN IT. IT IS NOW YOUR FOEVER HOME. YOU LOST.

>>56541723
unfathomably based

>>56542070
without new liquidity you don't get new stock, that's not how restructuring works, you can play again though if you want

>>56542070
>going concern
BBBYQ doesn't have one. They literally only have the net operating losses left. But let's pretend they do, and let's pretend that shareholders will be made whole. Then I refer you to >>56542068

SHILL
H
A
M
B
L
E
S

YOU HAVE NO POWER HERE FAGGOTS

>>56542070
>the NOLS are being preserved, ergo shareholders MUST be made whole
>at least 50% of shareholders must be made whole in the new equity to not force a change of ownership
New baggie math. 50% = 100%.
Also post the bit about how creditors can get that 50% and shareholders get nothing, because that's what 382 says.

>>56542068
NOL's require equity structure to be maintained, not from two random snapshots part way through BK, but between how the business existed before BK and after it's reorganisation.

>>56542068
>Awwwwww he's trying
SHAMBLES

>>56542070
>>56542104
Is this performance art or do you actually believe this shit?
You can't even buy shares anymore, why the fuck would there be "shills" trying to spread fud.

Best of luck buddy. Try not to take anyone else out with you when reality sets in.

>>56542158
>APPEAL TO EMOTION
>DON'T REFUTE THE POINTS
SHAMBOLIC SHILLIERY, THE SHILLS SEETHE IS DIRECTIONALLY CORROLATED TO THE AMOUNTT OF PAIN THEY ARE GOING THROUGH RIGHT NOW

POWERLESS SHAMBLERS

SCRIPTED SHAMBOLIC SILLERY SHITTING SAID SHORTS SAD SACK SHITCUNTS

SILLY SHILLY BILLIE ON ETORO, OWN UP WHICH OF YOU SHAMBLERS IS THIS?

>>56542174
Why would anyone argue with an obviously crazy person about securities that don't trade anymore?
I couldn't give less of a shit. Like I said, best of luck buddy.

>>56542130
I accept your concession.
>>56542174
>APPEAL TO EMOTION
>DON'T REFUTE THE POINTS
>does the same
>>56542217
I personally will buy one (1) Butterfly Share and ask the BBBaggies where theirs are.
>b-but what if this general doesn't exist anymore
If that dogfucking c*nadian chadshill/niggerfaggot doesn't come through with his promise to bake these threads to kek BBBaggies eternally then I will do it myself.

>54pbtid
Utterly buckbroken

>>56542245
>CANNOT REFUTE ANYTHING
>APPEALS TO EMOTION
WY CAN'T YOU REFUTE IT SILLY SHILLY??

NOT LONG NOW SHILLIES AND I GET TO MAKE YOU LOOK FUCKING IMBECILES IN A WHOLE NEW THREAD!

you certainly showed us

Damn they really are desperate.

Just bought a million bonds they will be worth 2000 each when teddy begins trading

WHATS THAT SILLIES? MARKET CLOSE SO YOU LOG OFF? ALL AT ONCE?

AT LEAST DON'T MAKE IT OBVIOUS!

>>56541995
The NOLs are not being perserved.

>>56541870
My boredom subsides for a few minutes while arguing with people. I've been here for 14 years... I'm a newfag, I know. >>56541970
Sure does. They're just ubiquitous on /biz/, so you can always grab a quick argument.

>57 pbid

>>56542352
Are you going to make a new thread, you monstrous homosexual?

>>56542379
Ok so according to you, me calling you a stupid kid fucker retard is just arguing.

Oh Baker, I am waiting to kek the shamblies in a new thread

>>56542522
Pretty much. I like it a bit more cerebral and psychosocial which is why /biz/ (above average iq, but mentally ill and delusional); otherwise, I'd just argue with dudes on /b/ or /pol/ about girls, politics, and race relations.

Smokes let's go
>>56542612
>>56542612
>>56542612

>>56542565
Looks like it's on you, or you could just go back to r3ddit.

>>56541683
I just hope my 8-13k shares are enough.