Prudent Capitalist
2 weeks ago
LOL! Welcome to IHUB and Happy Birthday! You might want to conduct some due diligence. In a liquidation bankruptcy where the shares are cancelled and deleted, which was the case here with BBBYQ, an investor holding a short position never has to cover and does not owe anything to anyone. There is a wealth of information available on these accepted and well-known facts.
What happens when an investor maintains a short position in a company that gets delisted and declares bankruptcy? The answer is simple: The investor never has to pay back anyone because the shares are worthless.
Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn’t buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit.
However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller’s debt and returns all collateral.
https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/
Prudent Capitalist
2 weeks ago
Yep. Overstock bought it all out of the Bankruptcy estate and is now operating as Bed, Bath & Beyond. Totally separate company. And the Buy, Buy Baby assets, name, trade names and goodwill, and intellectual property were sold separately out of the Bankruptcy estate, and those assets also are now operating under new ownership out of a completely separate entity. What was BBBYQ is gone forever, and the shares no longer exist. But, some of the APES and meme stock clowns just don't seem to understand that.
Hanibal
3 weeks ago
I suppose you're posting here for your health? Lol. You know people can see your post history right?
Almost a year of inane predictions which never came true, lies about Ryan Cohen buying BBBY, GMErica nonsense, children's books called Teddy being treated as secret messages from Ryan Cohen aimed precisely at the baggies, routine court dockets being interpreted as earth shattering proof of being "made whole", butterfly emojis, the number 741, ice cream, and pictures of Carl Icahn with Ryan Cohen. Guess what you have after all of that? Still a big fat zero. Nothing. Zero shares. Deleted. Extinguished. Never coming back in any shape or form.
All you have is a bunch of grown men tuning into the PP Show every night to discuss when the Easter Bunny is coming with the gift basket 🤣
I can tell you when the Easter Bunny is coming and making all the BBBYQ baggies whole, and I don't need 30 hours a week to do it. Ready?
Never. Done.
Alex Zarac is lying to you. He's a grifter collecting donations precisely because people like you are gullible little piglets ripe for slaughter.
TheFinalCD
4 weeks ago
wow there is so much going on, its hard to keep up WITH
ALMOST TOO MUCH TO PROCESS
$GME $AMC $CHWY $KOSS
BBBY
Keith Gill, @TheRoaringKitty’s $GME brother has some real interesting communications about DK-Butterfly f/k/a Bed Bath and Beyond and… pic.twitter.com/t1Y8yCwKK5— .CitiZen. (@CitiZenSleuthX) July 4, 2024
The butterfly is the shell. https://t.co/7Mzwweh0TV pic.twitter.com/9V7WIS7jHa— .CitiZen. (@CitiZenSleuthX) July 4, 2024
🔥🔥🔥 NEW DOCKET 🔥🔥🔥
Ryan Cohen working hard in the background!! 🤝
FOR ALL THE HATERS THERE YOUR PROOF RC WILL MERGE WITH BBBYQ 💯 💯 💯
Source: https://t.co/ZJdBOpvYy0
MERGER WILL HAPPEN 10000000000%
Can’t change my mind.
🦋🧸🦋🧸🦋🧸🦋🧸🦋🧸🦋🧸#BBBY #BBBYQ $BBBY… pic.twitter.com/jX2DwPwJIB— Mr. NOL’s 🌎🇺🇸 (@MisterNols) July 4, 2024
$CHWY $PET $BBBY some interesting connections here 🤔
🕳🦴🐩 🐾 https://t.co/dlvKzWieH1 pic.twitter.com/MF58wLQKe3— BoBBY🧸 (@BobbyCat42) June 29, 2024
I think its obvious that https://t.co/yL4uI4NpFj will sell pet food, and is probably merging with Chewy, Buy Buy Baby, Wag!, and GameStop.
Below is an S-3 filed by Chewy Inc, utilizing Kirkland & Ellis:
Wag! Group, which has ties to CHW Acquisition Corp (listed in the BBBY… https://t.co/ZAhefcaP3f pic.twitter.com/8tEdwSPvxm— .CitiZen. (@CitiZenSleuthX) December 11, 2023
Quick reminder the Teddy books tell all. $GME $BBBY $CHWY pic.twitter.com/2BBLWpzYOX— .CitiZen. (@CitiZenSleuthX) July 4, 2024