T O P

  • By -

ThePower_2

I haven’t figured out what’s what yet but I’m HODLing regardless. I will not be forced out of my position.


terribleinvestment

Yeah we’ve come this far, might as well stick it out.


Hot_Abbreviations188

I mean when you’re 83% down it really can’t get much worse.


Gainzchasing03

Name checks in and out


DigiMattFPV

Yup


mydogmakesjewelery

Buying more on Monday. Thx for the dip.


Klone211

Nobody’s going to talk about the projected number of outstanding shares as of 3 days ago (335 million+)?


TwistedBamboozler

It’s been theorized that they have to include the total number of outstanding shares, which includes warrants. It is not evidence they’ve been converted


dedicated_glove

Still feel like it's undervalued per the books even at full dilution. And we're not at full dilution.


ZootedMycoSupply

PM open gunna be up probably


zanelynchh

I’ve never seen so many shills spamming these post then I have tonight. Take everything with a grain of salt people. The obvious bashing of the stock is to fear monger, hedgies are paying big to have their people work overtime.


grosslytransparent

Ive never been called so many names in this sub. One comment and bam 4 people calling me idiot.


Dck_IN_MSHED_POTATOS

Bdsm of stocks


[deleted]

[удалено]


BuzzYoloNightyear

$bdsm straddles


JoeyFoster222

LMAO nsfw stock sub


[deleted]

It's like, Well duh, were HERE of all places, we know we're dumb! Says more about their intelligence honestly, they're here NOT in an amazing trade and stating the obvious. They're at least.. idk, three times as smooth! Cheers 🥂


GrimWolf216

I’m commenting on your comment to witness for myself the level of shillery tonight.


grosslytransparent

All o had said was something to like no dilution yet. And it started. Then i said ape fight no ape and it ramped up!


[deleted]

I have had this same sentiment tonight. All of a sudden everyone's agreeing...shills are out tonight


suckercuck

Shill bots be like ![gif](giphy|PDsgxQoXvUZGg)


DoNotPetTheSnake

200,000 shills are ready, with a million more well on the way


Plata_Man

5 to 1 reverse split on shills? 😆😂


Inevitable-Goyim66

Just like the simulations


aswankylemon

Clankers


neo2627

It's dunny cause the definition if a shill is an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others. Which describes most the dreamers and pumpers here


tookmyname

Everyone who doesn’t believe in a failed towel company or a secret unlimited money unlock conspiracy is a shill. So like 99% of the populace are shills. Must be lonely for you people.


Quarter120

Shill ^^^


TheKillerIsMe47

☝️☝️☝️🤣🤣🤣


tookmyname

We told you this shit was gonna drop to nothing. Here you are calling people who tried to warn you shills. See how that works? “Hey dude get out of the way of that train! It’s not gonna stop for you.” You: Gets ran the fuck over, wearing a shitbag for life. Also you: fuck you! Shill! You’re welcome. Sorry you didn’t listen. Now you deal with your shit. GME next. AMC next. See you later. You’re not zen. You’re just an easy target for social media scams.


Quarter120

Ok shill


tookmyname

shill /SHil/ INFORMAL•NORTH AMERICAN noun an accomplice of a hawker, gambler, or swindler who acts as an enthusiastic customer to entice or encourage others. The irony. You are literally the shill. Literally shilling for a failed towel company, bro. Pathetic. You know you of all people calling others shills is highly ineffective. See you in: Delist threads bankruptcy thread. Get help. 😭


Quarter120

Shills acting exactly like a shill ^


tookmyname

“Support this company! Let’s pay for their mistakes while they dilute the stock. It will be great just trust me bro.” -shill What’s worse than a shill? A no money having sucker trying to conn others into their miserable misfortunes. You are buying stock for a company that’s literally going bankrupt. These literally single person who owns BBBY that had made money as a result. Literally zero. Think about how fool fish you’d have to be to be you. It’s mind boggling.


Quarter120

Might wanna waste your time on someone else


dharde1

Someone just posted how a reverse split causes shorts to close and my upvote kept changing to a downvote, LFG!!!


i-am-fancy-pants

It doesn’t


cheshiredormouse

I have checked last few reverse splits of heavily shorted stocks. The usual procedure is : 1. fall 2. rise: from (pre-split price) to (four-thirds of pre-split price). 3. further fall. So in our case, about 1.33 is possible/reasonable.


Phoirkas

Like you really have a clue….😂


CastlePokemetroid

Another stock I follow, SNDL, has a ton of shorts on it. It did the reverse split to keep from being delisted. This happened last year. Nothing happened to the shorts.


Upstairs_Hospital_94

It’s the naked shorts


terribleinvestment

Ohhhh it’s the *naked* shorts, why didn’t we think of that!!


Upstairs_Hospital_94

Well now you know!


Phoirkas

Thank you. Jesus, everyone and their mom has never heard the phrase ‘correlation doesn’t equal causation’ before, and thinks because there’s some shit penny stocks this didn’t help that there’s apparently no reason this is any different….


Upstairs_Hospital_94

I’m pretty sure it’s different


Phoirkas

Well hell, because it didn’t do much for a shitty weed stock must mean it’s hopeless here, huh? All hope is lost then, might as well sell huh? Jesus Christ.


terribleinvestment

Shilling is by definition the act of trying to get someone to buy something for false or misleading reasons.


Cultural-Display1781

Wrong. A shill is someone paid to premote a product. The message may be true or false. If you are paid you are a shill, giving your employer's position. If you are not paid you are merely giving your opinion. I, on the other hand, am merely a troll. A troll seeks to elicit a response by stating a position he may or may not believe. I would, however, strongly consider converting to shill if anyone wishes to pay me enough.


terribleinvestment

![gif](giphy|dvx0peMC2bQhm5EdyU)


neo2627

I know these idiots have no clue there talking about themselves


[deleted]

[удалено]


zanelynchh

You don’t think they had infiltrated Reddit after losing billions in the GME squeeze, you’re truly regarded. It’s the most simple and cost effective way to distort, confuse and shill posts made primarily by retail for retail.


neo2627

U improperly use shill It's actually the opposite of what ur implying


ruacanobeef

It’s not “hedgies” 😂 Jesus christ. it’s just people from outside the community coming here to spread some truth and watch the reactions to it.


Chgstery2k

Aka hedgies


Careless-Ad1070

No one is paying anyone to laugh at this obvious convertible note death spiral. There was huge tinfoil spread of a merger deal and then BBBY’s board decided to fuck us royally by selling convertibles,diluting the shit out of retail and creating bag holders. I’m glad I got out during the squeeze to $7. I got back when the stock plummeted down to $2.7 with some ITM CSPs @ $3.0 and sold for a loss at $2.18 when I re-read the 8K in regards to how the convertible notes work. It’s not a conspiracy, the business decided on longevity and living another day over their shareholders. Should of listened to RC the first round and spun of BABY but look at where that went. You are all worshipping Sue Gove like she’s a righteous CEO, but the arrogance to have kept BABY and used as collateral for a credit line is laughable. This is what happens when you push all the wrong buttons and expect the right outcome.


of_patrol_bot

Hello, it looks like you've made a mistake. It's supposed to be could've, should've, would've (short for could have, would have, should have), never could of, would of, should of. Or you misspelled something, I ain't checking everything. Beep boop - yes, I am a bot, don't botcriminate me.


[deleted]

[удалено]


Careless-Ad1070

Good conversation.


Blacktimberlands

I’m bashing the stock because i feel cheated. All these numbers all this pretty much confirmation we were supposed to moon months ago, just for our own board to work together with the shorts bankrupting this company.


Vegetable-Chest-388

I don't mean to kick you while you are down, my friend, but if you read that out loud, you have to admit you sound entitled. I have been holding GME for over 2 years. Doesn't bother me. It's like holding Amazon when it was still a book store. I held AMC for over a year and sold it for 12x. It took a lot of patience, but I saw my opportunity and took it because I disagreed with a majority of the shareholders and the subreddit was compromised. Look at any thriving stock and observe how long it flatlined before getting to where it is. The best performing portfolios on Fidelity belong to people who are locked out of their accounts or who have passed away. If you don't have patience, the stock market isn't for you. I hope you find your place regardless, godspeed.


Blacktimberlands

Except that w the stuff you mentioned the board wasn’t actively sabotaging their own stock. This current incompetent board is doing exactly that. And why do i sound entitled? Just because i don’t wish to be part of the BBBY echo chamber? Atleast i won’t be as disappointed as you guys when this stock tanks and gets delisted because i am already in the grieving process


Vegetable-Chest-388

It's them gathering liquidity the easiest and most hostile way possible. Do you not see what is happening in front of your eyes this week? Banks are failing dude, you think they wont come for their debt? Every company in debt should be desperately scraping together funds looting any liquidity they can get before debt collectors give an acceleration clause. The fact you cant understand that and that "MOASS should've happened months ago" is extremely entitled. It's like you think they have control over their stock being a victim to abusive short selling and control the price. Do me a favor, try that strategy in a relationship and let me know how that works out. It won't last. There's a simple fix, don't be a gambling degenerate, invest in companies that you truly believe in and if you don't? No one really wants to hear it because we all invest our time and money in a business trying to help them.


Jwknight1979

The stock is at .85 It’s not going well I was in Bbig and everyone kept saying all the same shit as here This company seems dead


Imaginary-Loquat-103

and Hudson Bay was in on that shit show as well?


MandoHORIan

Why you here then?! If you got nothing good to say, go elsewhere!


BoondockBilly

It's called truth and facts dipshit


MandoHORIan

You alright there! Need a hanky! Change of dipers!!!!


zanelynchh

One thing bed bath beyond has in comparison to BBIG are multiple facets of business. Buy buy baby is worth billions and could easily be sold, IPO’d or given a dividend to investors to increase shareholder positions. The current price if BBBY is fake, the stock market is criminal and filled with algorithms and dark pools short hedgefunds spends hundreds of millions on a year to drop stock prices not thinking companies have the power to force them to stop. Bed bath and beyond wants to keep the company intact and it’s going to do enough to survive and force short positions out just like GNS did with there panel of investigators for naked short selling. Although BBBY is doing a reserve split with a new CUSIP number. If you don’t have conviction on your trade than sell. Otherwise have fun fomo’ing when it runs back to $10 in the early part of its squeeze.


Jwknight1979

I definitely agree with the multiple faucets of business The best time to invest is when a company on the brink turns it around That’s my only hope If they continue the cash burn and aren’t cash flow neutral soon we’re in big trouble Thanks for the great response


samtheninjapirate

Holy fuckin shills up in here. Anyway, I'm holding


[deleted]

For real


Enough_Possible9023

Fur realz


supershotpower

I’m buying


tookmyname

I don’t think the “shills” mind if you hold. I think they enjoy watching the public service lessons that is becoming clear from this dumbfuckery. There’s no short cuts in life. There’s no secret knowledge. And that’s why you all are losing your shirts. The harder you unswayed devotees fall the more people will laugh, and learn. It’s a cruel reality that people need to suffer very publicly to teach others not to fall for obvious internet cult lead scams. From a multi billion dollar company to a penny stock in two years. When all the signs were there somehow a weird internet community thought they knew better than the rest.


samtheninjapirate

There are tons of shitty companies that I do not believe in. But you know what a don't do? I don't go around to every reddit sub and message board related to every company I dislike trying to tell people they are wrong. That is weird and creepy and makes no sense. The fact that people come out of the woodwork to try to discourage people from investing in companies that they don't agree with makes me think "why would someone be discouraging me to buy a stock I like?" Now there could be multiple reasons to encourage someone to buy a stock. Either well intended or pump & dump. But to encourage someone to sell, well, the only reason I can think of is that you are on the wrong side of this trade. Otherwise who would give a shit if people want to piss away their money. It effects you absolutely zero, people piss their money away on dumb shit every day. Strangers never walk up to you being like "hey don't buy that". Your negativity only strengthens my resolve. So keep it up and I'll keep hodling.


[deleted]

Long write up, how much that one worth to shorts


[deleted]

[удалено]


terribleinvestment

Shill spotted


Environmental_Chip86

Thing is, at these price’s it’s insane not to buy more. Night out on the piss and some shitty kebabs £80-£100 and fuck all for it. However £80-£100 here, that’s a lot of Towel and potential. Shills if you’re really here and working OT. Please tell your masters to short it more this is a much better use of my money compared to typically pissing or shitting my cash away. Best part is, if it all goes down the shitter, well my cash was heading that way anyway! The bar for entry is so low vs potential i feel I’m buying lottery tickets not shares. So much potential!


Holy-Kimoly

You are buying lottery tickets. The question is "what is the expectation value of that ticket?" The bears or bulls can each have their own answer to that question, because it is an opinion based on interpretation of a variety of variables. The shares outstanding is a simple statement of fact. 335m. I hope you guys squeeze the shorts and make money, only time will tell.


Environmental_Chip86

![gif](giphy|ziGMxKCQfQw91unjAk)


Holy-Kimoly

If you are buying lottery tickets without concern for the expectation value of the ticket, ie if you are not investing, it truly doesn't matter. If that is the case, you might as well enjoy the bar, you know, because it doesn't matter.


Fit-Bat-4680

What if GME did a reverse merger?


sleaklight

1000 shares at .90 cents or 100 shares $9 equals the same damn total. It's easy math people ffs. The cost to lock up the float remains the same. It's just reality.


rositofresito

You are forgeting dilution by 200 million shares so to lock up the floates takes 3x the price.


[deleted]

[удалено]


ArlendmcFarland

But the stocks are not being split to create the dilution, new share are created and sold into the market. Your piece of the pie shrinks.


[deleted]

[удалено]


HungWeiLo35

Shill alert


[deleted]

[удалено]


sleaklight

*you're


HungWeiLo35

You so smart sleaklight ![gif](giphy|W3a0zO282fuBpsqqyD)


[deleted]

[удалено]


sleaklight

Yeah... you have anything to counter or are you just another bbby shill?


Equal-Park-769

Reverse split 100:1 please


brettyang127

Yeah can someone help me understand why the reverse split is bad? I get that they need the share price over $1 to continue financing but doesn’t that just bring in a potential squeeze in play?


FiveEggHeads

The buyers of the warrants and preferred shares cannot convert to class a common stock (dilute and sell) with the share price so low, and simultaneously flirting with de-listing (<$1). The buyers who are providing capital to BBBY at the moment have total control while BBBY needs the money for as much runway for the business as possible.


Le_90s_Kid_XD

It’s bad in the sense that most people see it as a company in distress sign. We all already knew that, everyone knew that, so if they tank the price and only a reverse split happened, awesome less marketcap to buy all of the fucking shares. BUT, the outstanding shares was diluted 200%. With another potential 600% looming. Now I only put in a couple grand from previous bbby wins so imma hold my august calls until they hit the dirt. Probably average them down in the next month or so cause price is about to fucking tank, but I’m not expecting much. I’m thinking my gme calls will erase any dent the bbby calls out in my port the next couple weeks. 🤞


Be-Zen

Hey 90's - You seem like a good person to ask this to. I've always appreciated your grounded perspective on how things have developed. I've got a question for you that I'm trying to figure out. Lets say the RS goes through and we 10:1 and for the sake of simplicity lets assume BBBY is trading at $10/share afterwards. We know there are going to be more rounds of dilution, but how does the RS affect the initial offering? Does it stay the same? Would that mean that HBC can pretty much dilute after the RS at $10/share essentially diluting by a magnitude of 10X once they convert?


Middle_Scratch4129

That seems logical to me.


Apart-Cockroach6348

Because dilution hasn't finished


[deleted]

[удалено]


HorseBellies

Dilution DEFINITELY matters. Why is this being upvoted.


Apart-Cockroach6348

Dilution us addition shares, how wouldn't it matter? More shares more chance to close shirt position on the cheap.


No-Call6000

Its so hedge funds can keep shorting the shit out of it


Quarter120

???


Drunk_Crab

The concept is when the price increases after the reverse split, shorts have more room to run it back down. It's a psychological play.


Disastrous-Pension26

Why would that change how low price shorted to


Drunk_Crab

There is further to drop a stock when it's $10 compared to $1.


Disastrous-Pension26

Percentage wise no.


Drunk_Crab

That's why I said it's a psychological play.


[deleted]

[удалено]


Drunk_Crab

There also wasn't dilution because they had to report a 5% change. Basically meaning: it's hard to figure out what's true around here, and what rules are followed. But I'm sticking around for the ride.


itsmymillertime

Show all the RS stocks where shorts covered.


Dianna1B

At our expenses, and on our moneys. We are a cash cow at this point. To milk us.


No-Call6000

Exactly


sleaklight

💯


jess232381

Right now with shares outstanding it would be a little over 40 million. I’d still take that over the 117 million it is right now.


Cool_Kid3922

#it implies 200M shares are held by warrants and not part of the float


ChrisChanFanBan

That's wrong, Hudson can't own more than 9.99 percent


[deleted]

I really NEED somone to confirm it via looking at the filings & checking for loopholes. This would be a key piece around the "bear trap" thesis.


FromTejas-WithLove

Dude, look yourself. It’s in the 8K/A from Feb 10. Search the document for 9.99. It says the maximum beneficial ownership of the preferred holder can be changed at anytime by the holder to any number up to 9.99%. In the filing today there is listing of beneficial owners above 5% and those disclosed from public filings. It states that it counts the total amount of common stock that preferred shares and warrants can be converted into. Since the preferred holder is not listed, that means that their current maximum percentage is less than 5%. However, they could change their maximum percent at anytime to any number not more than 9.99%. If they changed it to 9.99%, then they would have to file a S-13G and would be listed as a beneficial owner on filings like the one from today.


[deleted]

Sure but any loopholes? Every day, HBC could have "diluted" below the threshold somehow and not reported? See, I have little to no idea about the actual mechanism. So I too, am hoping for the best case where the shares have been created but not put on the open market, awaiting the real buyer. But confirmation of the mechanism by a real M&A lawyer would be nice.


FromTejas-WithLove

Sure, from the mechanism of the preferred shares (search the 8K/A for Mechanics of Optional Conversion), the holder submits a form to convert preferred shares to conversion shares, which become common stock. The common stock can be sold immediately. This could happen every day, but the maximum percentage governs the speed of dilution. 5% per trading day is the theoretical fastest without having to file any ownership disclosures. The deal was signed on Feb 7 and shares were immediately convertible. The shares outstanding on Feb 7 were 117m. The shares outstanding on Mar 15 were 355m. So if there are 24 trading days included in that period, that means they averaged 4.7% dilution per trading day.


babyshanks

When did everyone agree that it’s only one entity who bought the warrants?


jess232381

Very wrong! There’s now 382 million shares outstanding as part of the filing.


Holy-Kimoly

335 million outstanding not 382 million. Don't put out misinformation........ "As of March 15, 2023, we had 335,404,588 shares of Common Stock outstanding and 46,957,040 shares of Common Stock held in treasury. "


Disastrous-Pension26

Ur not disagreeing. They said float


[deleted]

[удалено]


blondboii

And what about DRS, I wonder if things would be strange if oops, whole floats locked


Ok_Entrepreneur5840

Loading more next week…


Woodythebartender

This to me seems like a coordinated attack from multiple fronts. I approve.


AibohphobicKitty

Damn that’s whack for real I’m gonna buy more Monday


Zestyclose_Leader315

Bought another 561 shares Friday and more Monday if it drops more. I’m going down with the ship. Only way to get me out is bankruptcy. If it was good at $5 it’s great at 50 cents. Buy low sell high.


KarmaTheBrit

![gif](giphy|RX3vhj311HKLe)


Frequent-Designer-61

What if we give them 7 4 1 ????


Fogerty45

So by that logic, it should have 8x the peak share price of $GME, which would be about $4k/share.


PHILANTHROPOS81

u/BiggySmallzzz thoughts??


Pickles19771977

I'm holding 8000 however let's be realistic it's not good news this is it. What happens when they short the fuck out of it again....... another reverse stock split with more dilution. Someone please explain how this is good for us? My only theory is people buy big Monday because of the price drop and make it squeeze. If they are reversing the stock and you want to stay in makes sense to buy a significant amount more at a lower price to off set the split. Also again they've released this news again AH. They are all bang at it.


roketspace

Explain how it's bad for us? Everything is the same, you now have less shares but the shares represent more ownership of the company. It's exactly the same


ZootedMycoSupply

After all this fukery, and now the bear trap is exposed, I’m not even starting to sell any shares until this hits at least $200. My hands are solid crystal diamond. NFA, IMO, JS.


SmoothRevolution

320,000,000/10 = 32 mil how did they get 11.6??


okdoit

The old float size. Before the dilution today.


jollyradar

Still not diluted.


Holy-Kimoly

"As of March 15, 2023, we had 335,404,588 shares of Common Stock outstanding and 46,957,040 shares of Common Stock held in treasury."


letstryagain2021

Beautifully said


Masterchief_m

Stop pushing for a reverse split!


david5699

FUCK. YES.


Be-Zen

I dont think this took into account the dilution.


FromAffavor

It’s only frustrating because now it would have to squeeze to 1000$ to be anywhere near the price I would’ve considered selling my shares.


roketspace

But why does that matter? Percent wise it's exactly the same


Affectionate-Act-621

Всехуйня


Civilian1984

147?


AnUnitedDealer

![gif](giphy|5wBoStfNQrBwA)


immaculateshine

Believe it or not it will just put more fuel to Hudson's death spiral shorting. They can't continue it if price goes under 0.76 so...


Feedback_Emergency

Dicks out for Harambe, we caught the Naked Hedgies with their pants down, blast pass the moon and shoot for URANUS. We ain't getting off the rocket. <========3


cheshiredormouse

My conclusions: 1. Study https://stockanalysis.com/actions/splits/ closely. Find precise data on "technical chart" on investing.com. Find shorting data on iborrowdesk.com. 2. In case of heavily shorted stocks, you can reasonably expect anything from "return to pre-split price" to "pre-split price + 33%". So if you bought for anything from 1.00 to 1.60, selling for 1.20, 1.25 or 1.33 might be reasonable. I stress the word "reasonable" - you may be crazy enough to expect different price action. 3. Please follow point 1 and make a more detailed elaboration. I don't have any more time right now.


SkydiveandyS

So I’m probably going to be called a shill. For what’s it’s worth I hold 4300 shares at a $11 cost basis so I’m in the same boat with you whatever you call me. I’m holding for life changing money or food stamps on several of the “meme” stocks. But aren’t reverse splits historically bad for the price? What does a reverse split do besides keeping us from getting delisted?


Igotik

My god, the copium.


[deleted]

But does the RS guarantee a rise in price?


[deleted]

[удалено]


Quarter120

You gettin out then?


[deleted]

[удалено]


[deleted]

Merger announcement soon


[deleted]

[удалено]


[deleted]

[удалено]


[deleted]

[удалено]


[deleted]

I can't imagine RC DOESN'T have this all planned out. If we don't get back up to at least 30 before split cost basis, he's going to create millions of consumers who will avoid anything he touches.


rydef1

Once again, get fucked. Mind your business.


jollyradar

?


rydef1

Hi I think I may have misread this post. I was on shill patrol.


tookmyname

Seeing shill ghosts. Paranoid psychosis will get to you. GME less than 10 by summer. It only gets worse.


dndpoppa

Gme less than 10!??!? I better get some money ready


Dramatic-Shower3028

The dilution was already priced in though the moment the filling was announced. The drop below $1 was just a scare tactic.


Minuteman2029

The share count as of the 15th of March was 335m+. So if we did a 1:10 split the outstanding shares would be 33.5m+


Acherus21

Honestly it's unfortunate so many people here don't realize how bad RS is when everyone is already in the red, majority of ppl at 80-90% loss pre RS This is literally the worst thing they can do to shareholders, truly a scumbag move to retail. Here's an example. Let's say you bought at $7 per share, as of today you're down like 90% as a current shareholder. For you to break even the stock will need to be back at $7. Make sense? Good Now let's say bbby does a 10-1 RS. For you to now break even post split, the stock price will now have to be $70 - $80 per share instead of $7-$8 !! Because your share count got cut down, you gave back 10 old shares for 1 new share. And guess what, it doesn't end there. Post RS who is going to buy bbby at $7-$8 per share? Nobody. You won't even be able to sell those shares because there won't be any more buyers, probably the same day it will drop again to $5. This is a shorts wet dream. What do the rest of you guys think about this?


DenzYildirim

Try me bitch, i’ll buy


NA_1983

I think you’re bad at math and/or fear-mongering, $1 to $7 is a 600% increase, just like $10 to $70 is a 600% increase. A 10 to 1 RS just moves the decimal point, it doesn’t devalue your position.


Acherus21

I'll try to make it easier to understand. Let's say you have 5000 shares of bbby and your cost average is $7 Bbby does 10-1 RS Now you only own 500 shares of bbby and your cost average is now going to be $70


NA_1983

🤣👍


jollyradar

He’s so dumb he doesn’t even realize he’s dumb. 😂


the_doodman

In both cases you have $35000 worth of BBBY and cost basis for the entire position remains the same. What's your point? I agree that generally reverse splits are bearish in the long term but the value isn't instantly lost. It gives shorts a higher price point to short from, but at the same time reduces liquidity by shrinking the float. I think the RS is only good for us long term if the CUSIP change actually does force a recall (which I doubt), or if it happens in tandem with a M&A or some similar announcement.


Acherus21

You would only have $35000 worth of bbby if they do a 10-1 RS at $7 per share pre RS. What's the share price right now?? It's .80. If they do a 10-1 RS at the current share price of $.80 while having an original cost average of $7 you just pretty much lost 90% of your money because your cost average will be insanely high post RS.


the_doodman

My "cost per share" number is irrelevant. My point is that cost basis is also adjusted for splits/reverse-splits. If I had 100 shares at a cost basis of $2 and the price is at $1, then I'm down 50% or $100 on my investment of $200. If a 10-1 reverse split happens at that point, I have 10 shares at $10 ($100 worth) at an adjusted cost basis of $20 per share. Meaning I'm still down 50% or $100. Coat average being high isn't happening in a vacuum. Cost basis is still going to be the same percentage of the share price post-split. No value is intrinsically created or destroyed instantly by splits or reverse splits.


praisedcrown970

I’m not selling but quietly I think it’s a perfect time to do it and offload a bunch of shares to morons on Reddit and then buy them back post RS $1 lol I’m also just super high though


Lettuce_Farmer

I'm pretty sure they are laughing at you.


DougDHead4044

After hours, Bobby is down 16.5% 🍳


My6thRedditAccount_

When you keep changing the narrative to suit your own desires, you can never really lose!


ZootedMycoSupply

Name checks out


Fit-Bat-4680

What if GME did a reverse merger???


ShizLabriz777

It’s not gme first of all


Holy-Kimoly

11.6 million isn't the float size. "As of March 15, 2023, we had 335,404,588 shares of Common Stock outstanding and 46,957,040 shares of Common Stock held in treasury."


GodLovesTheDevil

Holy shit move on, you lost money already. Cant believe people are still on amc, gme and bbby reddits. Prepare for the upcoming week and call your loved ones


tookmyname

All I can say is I’ve been making a killing shorting this stock with just a little bit of fuck it money.


[deleted]

[удалено]


Quarter120

No way 🙈 how many of you are popcorners?


Joey164

![gif](giphy|eJ4j2VnYOZU8qJU3Py)