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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 2.50 MB, 3789x2706, TEDDY_BEYOND.jpg [View same] [iqdb] [saucenao] [google]
58091174 No.58091174 [Reply] [Original]

>Basic Information
https://www.reddit.com/r/Teddy
https://www.bbbwhy.com/
https://www.youtube.com/@theppshow
https://open.spotify.com/show/64hmkmXpetPEVGPlExkDGl


>Pool’s closed for equity, common stock is canceled
>In chapter 11 unsecured creditors occasionally converted to equity or receive a payout, bonds are still trading
>2034 bonds
https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-34-bond-2034-us075896ab63
>2044 bonds
https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-44-bond-2044-us075896ac4

>Recovery possible in chapter 11 following the absolute priority rule
https://www.wallstreetprep.com/knowledge/absolute-priority-rule-apr-priority-of-claims-waterfall/
>Similar situation happened with Hertz. Stock declared worthless, followed by recovery for equity interests.
https://financialpost.com/investing/hertz-the-original-meme-stock-is-turning-out-to-be-worthless
https://nypost.com/2021/05/12/hertz-investors-snag-8-a-share-in-surprise-bankruptcy-win/


>Various outlets have hinted at recovery through a new entity
https://www.ft.com/content/dc02968b-b05d-4ad8-9a8d-ec9197068c07
>What are NOLs?
https://www.investopedia.com/terms/n/netoperatingloss.asp
>How can NOLs be used in chapter 11?
https://www.icemiller.com/thought-leadership/protecting-net-operating-losses-in-distressed-investments-2
>A new paradigm?
https://www.ft.com/content/c2d0f05e-60b6-434f-9200-eb5719f2e234
>BBBY had over 4 billion in NOL carryover entering chapter 11
https://www.reddit.com/r/BBBY/comments/1497vmc/10k_highlights_are_nol_carryforwards_the_key_for/

>> No.58091180

>>58091174
>Who is Michael I. Goldberg? Plan administrator for BBBY chapter 11
>Connections to FBI, busted madoff, possible white hat.
https://www.akerman.com/en/people/michael-goldberg.html
https://www.law.com/dailybusinessreview/2021/04/14/bernie-madoff-is-dead-where-does-that-leave-his-victims-cases/
>Michael I. Goldberg as current plan administrator is pursuing full waterfall recovery including fraud investigations
https://www.reddit.com/r/BBBY/comments/18lk5z9/ive_verified_this_image_and_this_is_real_this_is/
https://www.reddit.com/r/Teddy/comments/198doqb/docket_2799_potentially_confirms_bbbys_fraud/


>Who is Nick Lewin?
>He was tasked with prosecuting 3 leading members of Al-qaeda
https://www.washingtonpost.com/opinions/2021/09/09/20-years-after-attacks-accused-911-must-finally-be-tried-civilian-courts/
>He was the lawyer for Hunter Biden during the probe into his activities
https://justthenews.com/sites/default/files/2023-10/11_19_17%20-%20Hunter%20Biden%2C%20Edward%20Kim%2C%20et%20al.pdf
>He is the lawyer in charge of eventually releasing the Epstein documents and keeping them away from people like Alan Dershowitz in the meantime (Alan is the lawyer for the illegitimate state of Israel)
https://www.miamiherald.com/news/state/florida/article243745007.html
>And now he's the lawyer for Shelly Lombard, a board member hand picked by Ryan Cohen for the now supposedly defunct company of bed bath and beyond
https://www.reddit.com/r/Teddy/comments/18tzfzt/salvatores_deep_dive_into_potential_fraud_bbbyq/

>ex-board member Holly Etlin makes claim that what happened to Bed Bath & Beyond has not happened except in cases of fraud
https://www.reddit.com/r/Teddy/comments/1945r00/holly_etlins_statement_regarding_bbby_potentially/

>> No.58091181

why

>> No.58091193

>Share Buyback Fraud Explained
https://threadreaderapp.com/thread/1749490369258250493.html

>Do companies state that they face bankruptcy...but then *suddenly* do a 180 "Reverse Uno", squeeze short sellers and bring riches to shareholders?
https://reddit.com/r/BBBY/comments/16ohoy3/do_companies_sometimes_officially_state_that_they/

>How Can BBBYQ Exit Chapter 11 In A Way That Benefits Shareholders
https://reddit.com/r/BBBY/comments/15r9jgh/guess_whos_back_salvatores_back/

>End Game: DTC and NSCC are screwed as the DTC just proved shareholders should Directly Register Shares (DRS)
https://reddit.com/r/Superstonk/comments/13a3yh1/end_game_dtc_and_nscc_are_screwed_as_the_dtc_just/


>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

>Umm Uhh Uhh Uhhh Umm
https://clips.twitch.tv/ImpossibleOnerousCoyotePJSugar-z9qYvrP5icgqvDRr

>As always
Kek bondies

>previousneed on /BBBYQ/
>>58066441

>> No.58091205

is rc doing anything?

>> No.58091335
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58091335

>> No.58091341
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58091341

>>58091180
>Who is Michael I. Goldberg? Plan administrator for BBBY chapter 11
>Connections to FBI, busted madoff, possible white hat

>> No.58091406

Why do people think Nick Lewin has anything to do with this dead retailer?

>> No.58091419

Don’t forget to donate on the pp livestream!

>> No.58091428

Jake is on the live stream right now! He never lies.

Dont forget to buy your pp socks.

>> No.58091430

>58091341
sneed

>> No.58091456
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58091456

>>58091430

>> No.58091469

>>58091406
Nick Lewin, co-founder of the firm, is an accomplished trial and appellate lawyer and counsellor. He represents clients – domestically and abroad – in high-stakes U.S. and cross-border regulatory and criminal enforcement actions, investigations, and complex commercial litigation.

Nick has counseled and represented corporate and individual clients in significant and high-profile matters involving allegations of securities and financial frauds, money laundering, foreign interference in U.S. elections, and violations of the Foreign Corrupt Practices Act (FCPA) and Foreign Agents Registration Act (FARA).

Nick co-founded the firm after serving for more than a decade as a federal prosecutor with the U.S. Department of Justice (DOJ) and a senior FBI official — including as the Special Counsel to former FBI Directors Robert S. Mueller III and James B. Comey, and then as Deputy Chief of the Criminal Division in the U.S. Attorney’s Office for the Southern District of New York.

Nick has conducted the jury trial of a dozen federal cases, including some of the country’s most complex and significant national security trials. Nick also has briefed and argued multiple appeals before the U.S. Court of Appeals for the Second Circuit.

This seems silly. I refuse to believe someone like this is in a random bankruptcy.

>> No.58091492

>>58091469
>I refuse to believe someone like this is in a random bankruptcy.
It says there in the OP: he was retained by Shelly Lombard, who has money to afford excellent counsel.

>> No.58091513

This Thomas the Tank guy seems super smart and clever. Plus he’s a very handsome guy. :)

>> No.58091515

>>58091469
Sauce: https://kriegerlewin.com/nick-j-lewin

I doubt there's always just constantly cases directly relevant to crazy conspiracies that need his expertise. Maybe this is for some random minor thing, like the 16b thing or the shipping or supplier thing.

>> No.58091554

>>58091515
Anon expensive attorneys tend to have dazzling resumes. You don't cheap out on attorneys if you can afford it and if you have a lot to lose.

>> No.58091720

wen moon

>> No.58091781

>why didn’t AST issue a 1099?
1099-B only get issued when there are proceeds from a sale. No proceeds from a sale, dividends or interest = no 1099. If the question is how to claim a loss youjust manually add a line on the tax software you use with your purchase info. You’ll need the statement showing your shares removed from the account as backup. The instructions from the irs for the 1099-B are to only show transactions with proceeds, which unless you have paper handed you won’t have any so that’s why they don’t show up. Some brokerages are reporting the info in their supplemental section of the consolidated 1099, and people are thinking that is actually form. It should not be unless you did sell before the shares were cancelled.

>> No.58091857
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58091857

>>58091781
Hedgies are gonna get a 1099-BBC if you know what I mean

>> No.58091920
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58091920

>short-term realised loss
Not for long, hedgies! hahaha

>> No.58091953

>>58091781
Canceled shares should definitely result in a 1099 showing complete loss so you're able to write it off. If you didn't get it then your broker fucked up.

>> No.58092013

>>58091953
The instructions from the irs for the 1099-B are to only show transactions with proceeds, which unless you have paper handed you won’t have any so that’s why they don’t show up.

>> No.58092047

>>58091174
TEDDY is not going to be on tZERO, it will be a normal stock. Former holders of the BBBYQ stock will not get any of it, which will be the funniest outcome.

>> No.58092049

The title of the 1099-B form is
>Proceeds From Broker and Barter Exchange Transactions
>Proceeds
If you get shares cancelled, you don’t get a 1099-b. There are no proceeds.

>> No.58092098
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58092098

Jake2b has just discovered another plot twist whilst searching for what is to happen to the BBBY shareholders.

He will reveal all... after a quick word from our sponsors.

>> No.58092102

Lyin’ Jake called out on yet another lie:
https://www.reddit.com/r/gme_meltdown/s/YuJU1GRQsC

>> No.58092356
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58092356

>>58092013
If you say so. So you can't even deduct the loss on your taxes? Grim.

>> No.58092535

>>58092356
You can, but you have to detail it out yourself.

>> No.58092536

>>58092356
Shut up Brit anon.

>> No.58092633

Lyin’ Jake
>Flexport is involved with Bed Bath

CEO of Flexport
>I told them like 10 times that we have nothing to do with bed Bath and beyond or any other part of this weird underworld of finance these guys are living in.

>> No.58092762

weird underworld of finance confirmed

>> No.58093071
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58093071

>>58092098
You might say we are in the endgame

>> No.58093089
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58093089

>>58093071
you might say we are in the endgame unless of course you are a nobenis like anon who can't even see the endgames endgame which is a world dominated by the chad spurdo-chads and their 14 inch benis that can reach the stars fugg if only anon was a chad he would be gobbling up these tasty $spurdo tokens like they were your wife gobbling my massive benis we all know anon is going to fomo into $spurdo eventually though so maybe he should stop crying and get a life

>> No.58093111
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>>58093089
listen up you nobenis cuck i know you are sitting at home with your micropenis crying from watching anons life implode all the while you are too big of a nobenis to buy $spurdo which is the only token in existence which is 100x guaranteed when you finally see the light and buy $spurdo i'll take care of your wife and we will have a lot of fun you are a loser now but you shouldn't be for long because all the nobenis cucks are gonna fomo soon anyway