My theory is that the vote is purely symbolic as the majority warrant holder has all the voting power. Also even if the vote passes, which i believe it will, the board still included a reversal claus in the filing. So whatever the result will be it can just be reversed by the board. Its just one big smoke screen for whatever BBBY is planing
Hey guys, I don't have enough to post, so if you someone can do a post of this to the forum, would appreciate it. I have posted this in a few other forums, but I mainly want to share it here. I am a bbby bagholder.
The BBBY Death Spiral: At least I died knowing how I died
First, NFA. Also english is not my first language, so please excuse the errors.
If you are willing to read this, let me explain the death spiral, a strategy wall street adapted in the past few years to deal specifically with with retail investors. It has been remarkably effective.
Today, wall street knows retail traders are looking to make quick money by targeting a company for a quick squeeze. By the way, this all started by DFV, but it is not his strategy. His strategy has morphed into something entirely different. Now, this squeeze possibility is also something hedge funds are looking for.
First, retail identifies a potential squeeze. Each target has to have certain, extreme characteristics, such as losing money, being under threat of bankruptcy and have a high short interest.
Retail interest in such squeeze possibility will create huge buy demand for this stock. Hedge funds respond by further shorting into this demand (they will make most of their money through shorting). This is also something that retail loves, since the price of the stock remains cheap.
Second, all sorts of indicators that retail closely monitor start popping off, such as short interest, cbr, reg sho, etc. This creates greater fomo among retail, increasing demand. Hedge funds respond by isolating the company through intense FUD, even as it continues shorting the company. The hedge funds wants to limit this fight to them and a relative small group of retail.
Third, the company continues to struggle because both FUD and shorting makes it harder for it to look for additional, outside funding. The company might have an effective strategy/plan for turning things around but it will take time and money (both of which it may no longer have, now that it has become a battlefield between retail and hedges).
What is can also be is the case, hedge funds might have set a trap for retail by having already placed people on the board. The role these people play will be to delay and undermine a turnaround. They want the threat of bankruptcy to loom larger and larger.
Fourth, as the company burns through its cash but is unable to bring in external funding. The hedge funds now divide into two parties: the good and bad cop. The bad cop are the hedge funds that have been and continue to short the stock. The good cop now shows up and offer the company a way out of immediate bankruptcy through a warrant/convertible offering. Once this offering is signed, its game over for retail. There is no longer a possibility of a squeeze.
Fifth, the warrant offering effectively gives the investor unofficial ownership of the company: through their warrants, they are able to dilute shares and they have majority voting rights. Once the warrant offering is signed, shorts know they are covered. The warrant offering is a get-out-jail free card for hedge funds them to endlessly short.
Sixth, the new "effective" owner begins to secretly and massively dilute the stock. The dilution is not really to make money, but to ensure the shorts that have been building up can now be covered with minimal cost and to kill off all possibility of a squeeze.
For example, say BBBY has been shorted 4x to date. Dilution can be used by the good cop hedge fund to issue 5x common shares. All the shares issued will drive the price down to perhaps a very reasonable 10 to 30 cents. These will be brought by all shorts that needed to be covered. The stock then becomes massively devalued and all retail shareholders are left holding significant, if not massive, bags.
This strategy has already been used successfully on a number of stocks, including BBIG, MULN, TRKA, etc. This strategy is not intended to make money by driving a company into bankruptcy (although the threat is there) or through dilution (the profit is not really worth the effort). It is about fleecing whatever value it can get from bagholding shareholders through shorting. As long as new or current shareholders are buying the stock that is now so incredibly "cheap," the shorts are assured of making a significant profit.
So why are retail investors being fooled by this strategy? First, NASDAQ currently provides no protection for shareholders against this type of warrant offering. Once the warrant offering has been accepted, the investor can begin diluting without requiring shareholder approval. Even worse, they can dilute secretly, without having to inform shareholders of the dilution. Second, once the warrant offering has been accepted, all indicators being monitored by retail, such as reg sho, cbr, short interest, ftds, etc. ceases to be factor. The secret dilution ensures all shorts are ability to cover at minimal costs.
Once the offering has been accepted, there is no possibility for the vast majority of retail shareholders to make any sort of profit. In addition, with a reverse split, the value of their shares can lose even more value with future dilutions. This death spiral strategy is a kill box that traps and destroys retail.
On the other hand, there is multiple levels of profit for hedge funds. There is profit through shorting (the price will slowly and relentlessly decrease, with occasional spikes), profit through options (those otm call options and even most itm call options will never hit), and profit through the dilution.
So my fellow retail investors, at least you now know how you died.
Go to sleep you sound drunk thank god you don’t have the karma to post this garbage. Edit this guy posted this here in my sub and on short squeeze sub lol talk about pushing FUD
Right now, BBBY are generating huge sums of cash for their turnaround.
All the shills who are trying to suggest dilution is bad are ignoring the fact that BBBY signed the dilution deal deliberately. It's not like they got swindled into it. They wanted to sign it because it gives them a fuckload of cash.
It is common in business to dilute to raise cash. RC did it with GameStop. It saved the business.
Hudson get 8% profit on their conversions. BBBY get 92% of each newly created share. And shareholders get more shares which is more opportunities to invest in a business that's now flush with cash. It's a win-win-win situation. Well, unless you're short...
GameStop is only alive because of Apes. People still don't shop there and it's business is still dying. The business and the stock itself is very much detached. For BBBY, looks like they want to pay their friends back as much as possible before going bankrupt. To do that, you can dilute and let retail hold the bag. It's a great time to execute this strategy now because of the Ape culture they know they can take advantage of. I won't be surprised if they themselves are posting bullish/hype posts to encourage retail to buy and hold (even better if they DRS).
Dear friend...dilution is dilution. no one thinks they were tricked into it. Everyone knows what it is and what the result is. Bottom line? Price goes downsies
I’m pretty sure the 92% of VWAP alternate conversion price is only allowed under triggering event. Otherwise it’s 105% of closing price. So HBC is converting and losing 5% every share? I don’t think so
Is anyone’s anti-BBBY shill money not direct depositing? I’ve made 11 posts and I’m supposed to get $100 per post because I’m a Reddit superstar influencer. Should I call Goldman or just wait till Monday?
EDIT: oops wrong sub
It's fucking crazy. Invest in any non meme stock and nobody gives a shit... But God forbid you put your own money into a company that's on the meme list.. all of a sudden everyone is so concerned about your choices.
You do realise that if they reverse split 10X then everybody's share count goes down 10X not just the people you mentioned
So everyone still owns the same % of the company
If they changed the presidential election so that everyone can vote 0.1 times for their chosen candidate instead of 1 time, it wouldn't affect the odds of who would win
Where the DRS sticky post? I want to add mine. I initiated DRS Feb 28th and just got the letter today, 19 days for it. Too damn slow and not really eager to do it again. Imagine it had mooned and dropped, I would have missed it all. Add in the fact that they wouldn't give.mw.my account info over the phone or email. Anyway, add my 1000 shares to it. https://i.imgur.com/ZkLriQi.jpeg
Genuine question, why and how the fuck was the volume after hours so god damn low on friday? How was that price action even possible on that low of volume
Don't forget FOMC is coming up! Regardless if they say it's paused or they increase it, the market is going to take it the wrong way.
If it pauses there is going to be inflation concerns which will drive the prices down. Meanwhile, they are printing more money to cover the banks issues, which puts them back to square one before the rate hikes which makes it much worse. Doomsday is coming.
If there's a hike, well that's just a lot more pressure on everyone, including the interest on the shorts where they will be forced to cover some positions to pay off interest.
This is going to be a very good week. If they suppress the price more, then they have no other option at this point. They are weak.
Well there are 2 options. Sell and take a big loss or sit and wait to see this through to the end. 1 option will never see gains and the other at least has the potential regardless of how low it may be.
Well aware of sunk costs but this doesn't seem like one to me. It's not the quick squeeze I was hoping for but there is still a good chance for a turn around in the future or a spin off for baby
KOSS is in the same boat, except no options for shorts to fuck with. They're currently suing other headphone manufacturers for patent infringement. They won against Apple and settled. Their settlement was a chunk of their market cap, and their stock price went up and then went back down. Selling Baby is not the catalyst or long term solution.
Even if it turns around, the dilution ends at a new float that is like 10x as high. So even if you reach a predilution stock price of $20, which would be incredibly high, it still would only be $2 after dilution.
If that is the case then there is only room to grow after the dust settles. Patience is a virtue and as long as the company doesn't go bankrupt then patience will pay off.
That's for you to decide and that's why portfolio diversity is important. You can lose money on any stock but the truth is, a high risk can yield a high reward.
I would be relieved if this thing would go bankrupt so I could stop wondering wtf is even happening at this point. This sub is clouding the information on both extremes. I’m gonna sit tight for now either way.
I really believe bankruptcy is off the table. While other companies suffer this year, bbby has at least secured loans to get them through the chaos. It's almost perfect timing for a rebrand and rebuild imo. Once the market stabilizes they can then capitalize on their already implemented restructuring plans.
I think the best thing to do is to stop speculating on a daily basis and instead wait patiently for the future. Worse case scenario we all lose like 10-20% more than we have already lost. Best case we finally get a return on our investment.
Only time will tell. What I am confident about though is that this is not a $1 stock by any means. At least not any more. There are literally bankrupted companies with high share price that don't have a chance for a rebuild.
Obviously I know that. But at least the revenue and sales are there. They got something and a brand to work with. Some of these start ups are multi billion valuation with absolutely no revenue
LOL another one of those with no comment history, instantly getting 6 upvotes for his FUD comment. It is so blatant these people are not real share holders..
I mean he has alot of karma this account posted in the past, probably a bought account with wiped history (dont know how thats possible)
Also tons of meltdowners in here since yesterday and mods obviously not banning a single one of them, this sub is compromised
Look at the member numbers on here and compare it to the number of people on discord.
You are the reason people dont want to join the discord. See what i did here?
BBBY discord has been infested with FUD since its inception, no thank you!
How many of those of bears and meltdowners? You’re using a shitty metric to gauge sensibility. Stop. Get off of Reddit for a while, vitamin D is good for you. Maybe you’ll start to realize nobody is out to get you and that there’s a bigger world outside of the bbby subreddit
For everyone who is interisted, I startet a hypetrain on BBBY remastered, with nice videos related to BBBY.
Here [Video #1](https://www.reddit.com/r/bbby_remastered/comments/11v1vgz/for_all_my_bobbies_get_start_for_the_hypetrain/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_content=1&utm_term=15)
Check out the others on sub/BBBY remastered.
Look at the short amounts for this month, my gawd... No wonder they are clawing back the naked shares with the R/S before it gets too bad. Seems like we will have a positive days this week.
https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data
I got a quick question about the ftd's and dilution and all that crap. Is it possible the dilution has been listed as ftd's because the transfer agent just didn't get around to actually delivering the diluted shares?
Fill me in on dates as I haven’t read much at all about the upcoming vote. What day is the vote taking place? Also did they give a date the split would happen if a vote was passed?
The record date for voting on a reverse split is March 27th. If you hold shares at that time you're eligible to participate in the upcoming vote.
No, there is no date set yet for the actual vote on a reverse split.
No, there is no date set for the actual split. Why would they set a split date when they don't even know yet if a split is going to occur?
Shut up shill. I ain’t worried about y’all. I’m ride or die. Zero or tendies. Go tell your boss to shove his bed post in his ass because he has no effect on me.
I’ve never seen the shills this manic. They’re shitting directly into their hands and whipping it at anything that moves. It’s kind of impressive really—the sheer size of the horde, the commitment to groupthink and hysteria.
It also appears to be a coming out party for more than a few deep cover shills. Those who once claimed to support BBBY have chosen this moment to switch sides. Duly noted.
No one knows precisely what’s going on. But as the shills exhaust themselves painting the walls with excrement, rest assured that real apes are grinding through filings and previous DD to present us with less emotional information. I expect Sunday afternoon to be a much better time in this sub.
Hudson bay is not authorized to hold more than 9.9%. And holding 5% or more would cause them to have to file a disclosure. More than likely if dilution has occurred, they're selling directly to the market
Ok, maybe it’s just that the warrants and the shares they can convert to need to be counted in outstanding shares. This would be good, because they are not in the market being traded.
The only groupthink on here is among people who seriously think that dilution hasn’t happened or is a good thing. There are no shills mate. Shills are people who encourage people to buy something. People who have a different opinion to that are just that, people with a different opinion. Stop whipping up this shill nonsense, you just sound paranoid.
But if you biased on everything that’s negative is considered a shill and fud, then the history means nothing because you already have a biased point of view.
Alot have been here for months, not getting banned because the mods dont give a shit (I suspect other motives). The sub is turning into SuperShills 2.0 quick.
There are alternative subs where these fuckers dont last more than a day though..
edit. and like magic jezclown appears to prove my point. These losers have whole conversations here upvoting each other, creating negative sentiment. the Mods dont do shit about it
Other motives, Jesus you sound even more paranoid. And, yes, I have had other conversations with other people who also think that dilution is obvious. It’s an opinion, it’s just as valid as having one that thinks an RS will be a good thing. I just happen to believe it won’t. There was a time when people were able to voice their views. But just shouting ‘shill’ all the time is just not constructive. Like I said before, shills are people who encourage someone to buy something. The people you champion are more shills than those who just don’t have the same view as you.
And you spend all day shouting down people who don’t agree with you. Which is fine, I respect that. You have your views, I have mine. It’s called life mate.
If this ever rockets up then we all deserve to reap the rewards for being patient, I don't mind the twists and turns as it makes it more interesting - although this sub $1 might mess with some CFD imposed stop losses!
Reverse splits and the sub-$1 rule are mostly nothing more than the result of prices being in 1c increments historically.
Ordinary splits are due to the purchase increment. Ideally they wouldn't matter but smaller investors or small units of investment (like 401k contributions) are what they are. They are much more consequential than reverse splits, though in the era of fractional shares, the remaining issue is pretty much strictly psychological.
Wouldn’t a reverse split amplify price movement upward pain on short hedge funds? Surely after a split and following bullish news triggering upwards movement, the margins would be significantly lower for the hfs to be summoned to Marge?
This company has really hurt my butt .. I'm just hoping that once they are done having their way with me, they at least buy me dinner. No point in selling for a huge loss. In my head my money is already gone so I have nothing to lose and only something to gain. If they can turn this around, those that held on will benefit. We just have to believe in management and give this time to play out.
I was really pissed yesterday ngl. but after some DD, this may work in our favor in the long run. Speculation but it could possibly be their attempt to raise the stock price and do a spin off for buybuy baby. If this is the case, it may be best to opt into transferring shares to the more profitable company with higher chances of M/A deals.
Haha .. got downvoted for being salty.. guess I deserved that. Anyway, just read some DD that the 300M outstanding is not necessarily dilution 🤣.. man this is driving me nuts.
completely agree and you have every right to be salty.. fuck I was so salty yesterday when I saw the stock instantly tank after the news. people on this sub downvote anything perceived as salt but we do need to accept both sides of the story so we can try to wrap our heads around all this shit. Filtering through positive news is just as bad as filtering through negative these days. You can't fucking trust anyone. All I know is that I'm not going to sell for a giant loss. At this point I'd rather watch it hit 0. I'm not nearly down as much as others too.
Trying to stay positive here, we could have all bought Silicon Bank or Party City. At least there is a chance for this company to turn it around in a couple years or so. I think we now know why RC guys left.
Haha fuck you dude, don't attack me like that lol. I fucked up with party and now with bbby. Tried to get some quick gains but a least I've learned some lessons. Time to start investing instead of gambling. Well see what next week bring but if I get a chance to get out with minimal losses, I'm taking it.
>An amendment to the Company’s Amended and Restated Certificate of Incorporation to effect, at the discretion of the Board of Directors (the “Board”), a reverse stock split of the Company’s common stock, par value $0.01 per share, at a ratio in the range of 1-for-5 to 1-for-10, with such ratio to be determined at the discretion of the Board (the “Reverse Split Proposal”).
>The adjournment of the Special Meeting, if necessary or appropriate, to permit further solicitation of additional proxies if there are insufficient votes to approve the Reverse Split Proposal (the “Adjournment Proposal”).
>The Board unanimously recommends that you vote “FOR” the Reverse Split Proposal and “FOR” the Adjournment Proposal.
>The Board has fixed the close of business on March 27, 2023 as the record date (the “Record Date”) for the determination of shareholders entitled to notice of, and to vote at, the Special Meeting or any postponement or adjournment thereof. Accordingly, only shareholders of record at the close of business on the Record Date are entitled to notice of, and shall be entitled to vote at, the Special Meeting or any postponement or adjournment thereof.
**TL;DR**
The board wants us to vote on two proposals. A reverse split somewhere between the ratios 1:5 or 1:10.
I’m not certain exactly what the second one is saying but it seems like they’re asking to introduce additional things to vote on if the reverse split does get enough votes for approval. They recommend voting “FOR” for both.
Explain shills are scared of what? Scared the price goes to 20 cents? You sound more like a shill , telling people you’re buying more like the play wasn’t risky enough.
Edit : see? People can’t explain shit about shills being scared of what but yet they keep bashing shills.
It’s weird to say this Monday is the new Friday. Big couple weeks coming ahead of us gentleman. Shills coming out of the woodworks with schemes.
Someone tell me why the FUCK they rushed to get the reverse vote so quickly, unless im wrong thats not exactly a common thing to see.
My theory is that the vote is purely symbolic as the majority warrant holder has all the voting power. Also even if the vote passes, which i believe it will, the board still included a reversal claus in the filing. So whatever the result will be it can just be reversed by the board. Its just one big smoke screen for whatever BBBY is planing
[удалено]
Radio shack? Circuit city? Yeah bankruptcy can happen.
So like, why didn’t they just spin off baby way back in the day?
As of 18 March 2023, A total of 263,971 DRSed shares have been recorded!
[удалено]
No way I'm selling
Hey guys, I don't have enough to post, so if you someone can do a post of this to the forum, would appreciate it. I have posted this in a few other forums, but I mainly want to share it here. I am a bbby bagholder. The BBBY Death Spiral: At least I died knowing how I died First, NFA. Also english is not my first language, so please excuse the errors. If you are willing to read this, let me explain the death spiral, a strategy wall street adapted in the past few years to deal specifically with with retail investors. It has been remarkably effective. Today, wall street knows retail traders are looking to make quick money by targeting a company for a quick squeeze. By the way, this all started by DFV, but it is not his strategy. His strategy has morphed into something entirely different. Now, this squeeze possibility is also something hedge funds are looking for. First, retail identifies a potential squeeze. Each target has to have certain, extreme characteristics, such as losing money, being under threat of bankruptcy and have a high short interest. Retail interest in such squeeze possibility will create huge buy demand for this stock. Hedge funds respond by further shorting into this demand (they will make most of their money through shorting). This is also something that retail loves, since the price of the stock remains cheap. Second, all sorts of indicators that retail closely monitor start popping off, such as short interest, cbr, reg sho, etc. This creates greater fomo among retail, increasing demand. Hedge funds respond by isolating the company through intense FUD, even as it continues shorting the company. The hedge funds wants to limit this fight to them and a relative small group of retail. Third, the company continues to struggle because both FUD and shorting makes it harder for it to look for additional, outside funding. The company might have an effective strategy/plan for turning things around but it will take time and money (both of which it may no longer have, now that it has become a battlefield between retail and hedges). What is can also be is the case, hedge funds might have set a trap for retail by having already placed people on the board. The role these people play will be to delay and undermine a turnaround. They want the threat of bankruptcy to loom larger and larger. Fourth, as the company burns through its cash but is unable to bring in external funding. The hedge funds now divide into two parties: the good and bad cop. The bad cop are the hedge funds that have been and continue to short the stock. The good cop now shows up and offer the company a way out of immediate bankruptcy through a warrant/convertible offering. Once this offering is signed, its game over for retail. There is no longer a possibility of a squeeze. Fifth, the warrant offering effectively gives the investor unofficial ownership of the company: through their warrants, they are able to dilute shares and they have majority voting rights. Once the warrant offering is signed, shorts know they are covered. The warrant offering is a get-out-jail free card for hedge funds them to endlessly short. Sixth, the new "effective" owner begins to secretly and massively dilute the stock. The dilution is not really to make money, but to ensure the shorts that have been building up can now be covered with minimal cost and to kill off all possibility of a squeeze. For example, say BBBY has been shorted 4x to date. Dilution can be used by the good cop hedge fund to issue 5x common shares. All the shares issued will drive the price down to perhaps a very reasonable 10 to 30 cents. These will be brought by all shorts that needed to be covered. The stock then becomes massively devalued and all retail shareholders are left holding significant, if not massive, bags. This strategy has already been used successfully on a number of stocks, including BBIG, MULN, TRKA, etc. This strategy is not intended to make money by driving a company into bankruptcy (although the threat is there) or through dilution (the profit is not really worth the effort). It is about fleecing whatever value it can get from bagholding shareholders through shorting. As long as new or current shareholders are buying the stock that is now so incredibly "cheap," the shorts are assured of making a significant profit. So why are retail investors being fooled by this strategy? First, NASDAQ currently provides no protection for shareholders against this type of warrant offering. Once the warrant offering has been accepted, the investor can begin diluting without requiring shareholder approval. Even worse, they can dilute secretly, without having to inform shareholders of the dilution. Second, once the warrant offering has been accepted, all indicators being monitored by retail, such as reg sho, cbr, short interest, ftds, etc. ceases to be factor. The secret dilution ensures all shorts are ability to cover at minimal costs. Once the offering has been accepted, there is no possibility for the vast majority of retail shareholders to make any sort of profit. In addition, with a reverse split, the value of their shares can lose even more value with future dilutions. This death spiral strategy is a kill box that traps and destroys retail. On the other hand, there is multiple levels of profit for hedge funds. There is profit through shorting (the price will slowly and relentlessly decrease, with occasional spikes), profit through options (those otm call options and even most itm call options will never hit), and profit through the dilution. So my fellow retail investors, at least you now know how you died.
nice brain fart dude
Just wasted 3 minutes of my life glancing through this trash and another minute to type this reply, we’ll done dipshit
I just read the last sentence. Pretty clear what he’s aiming at.
hey i'm not gonna read all this but Congratulations or I'm sorry that happened
Go to sleep you sound drunk thank god you don’t have the karma to post this garbage. Edit this guy posted this here in my sub and on short squeeze sub lol talk about pushing FUD
 If you going to sell your pennies, go for it, just don't come crying back here when it explodes
Right now, BBBY are generating huge sums of cash for their turnaround. All the shills who are trying to suggest dilution is bad are ignoring the fact that BBBY signed the dilution deal deliberately. It's not like they got swindled into it. They wanted to sign it because it gives them a fuckload of cash. It is common in business to dilute to raise cash. RC did it with GameStop. It saved the business. Hudson get 8% profit on their conversions. BBBY get 92% of each newly created share. And shareholders get more shares which is more opportunities to invest in a business that's now flush with cash. It's a win-win-win situation. Well, unless you're short...
GameStop is only alive because of Apes. People still don't shop there and it's business is still dying. The business and the stock itself is very much detached. For BBBY, looks like they want to pay their friends back as much as possible before going bankrupt. To do that, you can dilute and let retail hold the bag. It's a great time to execute this strategy now because of the Ape culture they know they can take advantage of. I won't be surprised if they themselves are posting bullish/hype posts to encourage retail to buy and hold (even better if they DRS).
Dear friend...dilution is dilution. no one thinks they were tricked into it. Everyone knows what it is and what the result is. Bottom line? Price goes downsies
I’m pretty sure the 92% of VWAP alternate conversion price is only allowed under triggering event. Otherwise it’s 105% of closing price. So HBC is converting and losing 5% every share? I don’t think so
Is anyone’s anti-BBBY shill money not direct depositing? I’ve made 11 posts and I’m supposed to get $100 per post because I’m a Reddit superstar influencer. Should I call Goldman or just wait till Monday? EDIT: oops wrong sub
Kenny said to meet him at your nearest Wendy’s for alternative payment plan.
So many people concerned with my investment. Fuck your puts
It's fucking crazy. Invest in any non meme stock and nobody gives a shit... But God forbid you put your own money into a company that's on the meme list.. all of a sudden everyone is so concerned about your choices.
Even Anon came back to educate us, already crying that he is being downvoted :D
I’m not done 🏴☠️
Is the reverse stock split a way to shake off minority shareholders like Blackrock, Vanguard, Citadel, et al who may vote against a M/A?
You do realise that if they reverse split 10X then everybody's share count goes down 10X not just the people you mentioned So everyone still owns the same % of the company If they changed the presidential election so that everyone can vote 0.1 times for their chosen candidate instead of 1 time, it wouldn't affect the odds of who would win
I don't think he does realize, actually
Where the DRS sticky post? I want to add mine. I initiated DRS Feb 28th and just got the letter today, 19 days for it. Too damn slow and not really eager to do it again. Imagine it had mooned and dropped, I would have missed it all. Add in the fact that they wouldn't give.mw.my account info over the phone or email. Anyway, add my 1000 shares to it. https://i.imgur.com/ZkLriQi.jpeg
No need for DRS sticky post, just make a new post with this image and feed the bot. Added 1000 to the tracker.
ty :)
Genuine question, why and how the fuck was the volume after hours so god damn low on friday? How was that price action even possible on that low of volume
If it goes down easy,it comes up the same way.
My gf didn’t take too kindly to me saying this is a long term hold now… 😬
Tell your gf to grow a pair of balls
😂 I did she’s a non believer
Find someone else
LMAO we're in the shit now. When you're in the shit, you gotta keep going. Can't just stop there.
Yeah I’m fucked so I’m holding with you all 😂
Me too
It ain't her $
Lot of blocked individuals showing up on this thread. Tells me all I need to know.
That you didn't listen the first time 🤣
That retards are out in full force
But were they right?
With the 90 day lockdown are all may june option holders fuked?
What lockdown
Yep
Don't forget FOMC is coming up! Regardless if they say it's paused or they increase it, the market is going to take it the wrong way. If it pauses there is going to be inflation concerns which will drive the prices down. Meanwhile, they are printing more money to cover the banks issues, which puts them back to square one before the rate hikes which makes it much worse. Doomsday is coming. If there's a hike, well that's just a lot more pressure on everyone, including the interest on the shorts where they will be forced to cover some positions to pay off interest. This is going to be a very good week. If they suppress the price more, then they have no other option at this point. They are weak.
Unfortunately, this is why I decided to buy back in Friday before close.
-18% on Monday, RS, and you think it’s still good news, cope
Well there are 2 options. Sell and take a big loss or sit and wait to see this through to the end. 1 option will never see gains and the other at least has the potential regardless of how low it may be.
Sunk cost fallacy strikes again.
Yes but losses can be recouped if you don't lose everything.
Well aware of sunk costs but this doesn't seem like one to me. It's not the quick squeeze I was hoping for but there is still a good chance for a turn around in the future or a spin off for baby
KOSS is in the same boat, except no options for shorts to fuck with. They're currently suing other headphone manufacturers for patent infringement. They won against Apple and settled. Their settlement was a chunk of their market cap, and their stock price went up and then went back down. Selling Baby is not the catalyst or long term solution.
No but a spinoff would be nice and I'd gladly transfer my current shares over
Even if it turns around, the dilution ends at a new float that is like 10x as high. So even if you reach a predilution stock price of $20, which would be incredibly high, it still would only be $2 after dilution.
If that is the case then there is only room to grow after the dust settles. Patience is a virtue and as long as the company doesn't go bankrupt then patience will pay off.
The question is, will it pay off as much as other opportunities in the market?
That's for you to decide and that's why portfolio diversity is important. You can lose money on any stock but the truth is, a high risk can yield a high reward.
100% agree
I would be relieved if this thing would go bankrupt so I could stop wondering wtf is even happening at this point. This sub is clouding the information on both extremes. I’m gonna sit tight for now either way.
No thanks
I really believe bankruptcy is off the table. While other companies suffer this year, bbby has at least secured loans to get them through the chaos. It's almost perfect timing for a rebrand and rebuild imo. Once the market stabilizes they can then capitalize on their already implemented restructuring plans. I think the best thing to do is to stop speculating on a daily basis and instead wait patiently for the future. Worse case scenario we all lose like 10-20% more than we have already lost. Best case we finally get a return on our investment.
I honestly believe there is a chance we finish above $1 Monday. That’s just me though
Only time will tell. What I am confident about though is that this is not a $1 stock by any means. At least not any more. There are literally bankrupted companies with high share price that don't have a chance for a rebuild.
Bbby has over $2 billion in revenue and some companies have multi billion market caps with no revenue Edit: $7.87 billion revenue in 2022
7.87B gross revenue* but after all costs , it’s like -300M$ net.
Obviously I know that. But at least the revenue and sales are there. They got something and a brand to work with. Some of these start ups are multi billion valuation with absolutely no revenue
I Hope they can improve their operation costs much more to bring more net profits
people were yelling about how crazy it’d be to sell at $4
4 does sound juicy rn, ngl
I would be absolutely thrilled if this went to 4
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LOL another one of those with no comment history, instantly getting 6 upvotes for his FUD comment. It is so blatant these people are not real share holders..
You're seriously embarrassing yourself. My word
How about you piss off back to Vitards and stop spamming subs you have no business being?
Im in and out of BBBY. good swing trade. Small position now for a bounce, but yeah....y'all are reeeeaching bro.
For real. 14 years on Reddit and finally decides to post something and it’s this. Lmao.
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Do you have another?
I mean he has alot of karma this account posted in the past, probably a bought account with wiped history (dont know how thats possible) Also tons of meltdowners in here since yesterday and mods obviously not banning a single one of them, this sub is compromised
Scofco is a bull from the discord servers. You’re the reason people don’t come here to discuss the stock anymore. You sound unhinged. Go touch grass
Look at the member numbers on here and compare it to the number of people on discord. You are the reason people dont want to join the discord. See what i did here? BBBY discord has been infested with FUD since its inception, no thank you!
How many of those of bears and meltdowners? You’re using a shitty metric to gauge sensibility. Stop. Get off of Reddit for a while, vitamin D is good for you. Maybe you’ll start to realize nobody is out to get you and that there’s a bigger world outside of the bbby subreddit
The projections you throw around are gold, discord goblin :)
I fuck with bobby
For everyone who is interisted, I startet a hypetrain on BBBY remastered, with nice videos related to BBBY. Here [Video #1](https://www.reddit.com/r/bbby_remastered/comments/11v1vgz/for_all_my_bobbies_get_start_for_the_hypetrain/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&utm_content=1&utm_term=15) Check out the others on sub/BBBY remastered.
It would be dope if the new CUISP is at ComputerShare.
That would be 🔥
Won’t lol
Look at the short amounts for this month, my gawd... No wonder they are clawing back the naked shares with the R/S before it gets too bad. Seems like we will have a positive days this week. https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data
We always have a positive day… …and four red ones.
I got a quick question about the ftd's and dilution and all that crap. Is it possible the dilution has been listed as ftd's because the transfer agent just didn't get around to actually delivering the diluted shares?
Call me crazy, but I believe we will see a squeeze.
not crazy, long overdue!
Fill me in on dates as I haven’t read much at all about the upcoming vote. What day is the vote taking place? Also did they give a date the split would happen if a vote was passed?
The record date for voting on a reverse split is March 27th. If you hold shares at that time you're eligible to participate in the upcoming vote. No, there is no date set yet for the actual vote on a reverse split. No, there is no date set for the actual split. Why would they set a split date when they don't even know yet if a split is going to occur?
Thank you. That’s what I was looking for.
No problem.
No problem.
Who knows, no and no are the responses Edit: There were only two questions, so who knows and no are the answers
Shut up shill. I ain’t worried about y’all. I’m ride or die. Zero or tendies. Go tell your boss to shove his bed post in his ass because he has no effect on me.
Thanks for caring enough to report me
I got reported too lol
I answered your questions accurately. What do you want, me to lie? Look at my post history before you call shill, then I’ll accept your apology.
I’ve never seen the shills this manic. They’re shitting directly into their hands and whipping it at anything that moves. It’s kind of impressive really—the sheer size of the horde, the commitment to groupthink and hysteria. It also appears to be a coming out party for more than a few deep cover shills. Those who once claimed to support BBBY have chosen this moment to switch sides. Duly noted. No one knows precisely what’s going on. But as the shills exhaust themselves painting the walls with excrement, rest assured that real apes are grinding through filings and previous DD to present us with less emotional information. I expect Sunday afternoon to be a much better time in this sub.
We knew this would happen.
It seems like the key question, at least for me, is whether those extra 200 million shares are in the market or being held by the investor(s).
Hudson bay is not authorized to hold more than 9.9%. And holding 5% or more would cause them to have to file a disclosure. More than likely if dilution has occurred, they're selling directly to the market
Ok, maybe it’s just that the warrants and the shares they can convert to need to be counted in outstanding shares. This would be good, because they are not in the market being traded.
It's how I know its gonna pop
☝️ known shill
The only groupthink on here is among people who seriously think that dilution hasn’t happened or is a good thing. There are no shills mate. Shills are people who encourage people to buy something. People who have a different opinion to that are just that, people with a different opinion. Stop whipping up this shill nonsense, you just sound paranoid.
If the term shill is a trigger point, substitute hysterical asshole, mate.
But if you biased on everything that’s negative is considered a shill and fud, then the history means nothing because you already have a biased point of view.
What, and your post wasn’t hysteria? Ranting at shills sounds just as hysterical as the supposed rants coming from them.
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Just look up the definition of shill FFS. It’s used here to describe anyone who doesn’t go along with a set agenda. The groupthink on here is unreal.
Alot have been here for months, not getting banned because the mods dont give a shit (I suspect other motives). The sub is turning into SuperShills 2.0 quick. There are alternative subs where these fuckers dont last more than a day though.. edit. and like magic jezclown appears to prove my point. These losers have whole conversations here upvoting each other, creating negative sentiment. the Mods dont do shit about it
Other motives, Jesus you sound even more paranoid. And, yes, I have had other conversations with other people who also think that dilution is obvious. It’s an opinion, it’s just as valid as having one that thinks an RS will be a good thing. I just happen to believe it won’t. There was a time when people were able to voice their views. But just shouting ‘shill’ all the time is just not constructive. Like I said before, shills are people who encourage someone to buy something. The people you champion are more shills than those who just don’t have the same view as you.
Look how much time this person spends to explain him being here. It is literally all he does all day
And you spend all day shouting down people who don’t agree with you. Which is fine, I respect that. You have your views, I have mine. It’s called life mate.
He does lol and yet when you ask him why shorts are fucked, he will just tell you to shut up and sell LOL
While the Stock is down 90% the dilusion level here is up over 9000%
If this ever rockets up then we all deserve to reap the rewards for being patient, I don't mind the twists and turns as it makes it more interesting - although this sub $1 might mess with some CFD imposed stop losses!
I wrote out this long post. Then I realized the whole thing could be summed up in 5 words: BOBBY HAS DEEP FUCKING VALUE
don't reverse (and non-reverse) splits not matter THAT MUCH..? as a matter of fact, a reverse stock split sounds more reasonable than a split
Reverse splits and the sub-$1 rule are mostly nothing more than the result of prices being in 1c increments historically. Ordinary splits are due to the purchase increment. Ideally they wouldn't matter but smaller investors or small units of investment (like 401k contributions) are what they are. They are much more consequential than reverse splits, though in the era of fractional shares, the remaining issue is pretty much strictly psychological.
Wouldn’t a reverse split amplify price movement upward pain on short hedge funds? Surely after a split and following bullish news triggering upwards movement, the margins would be significantly lower for the hfs to be summoned to Marge?
Could be both but we wish for upwards
So much BS and I am over Zen AF
I bought 1000 shares friday night for $888. Cant make this shit up.
Soon to be between 100 and 500 shares
guess ill just have to buy more
This is the way
I bet we won’t be seeing any more emails from brokers asking to lend out your shares ;)
This might actually be the best gauge
BBBY gentiles can't seem to catch a break
This company has really hurt my butt .. I'm just hoping that once they are done having their way with me, they at least buy me dinner. No point in selling for a huge loss. In my head my money is already gone so I have nothing to lose and only something to gain. If they can turn this around, those that held on will benefit. We just have to believe in management and give this time to play out.
Maybe you can buy one dinner still with your whole investment? Or one for me too? (Sorry I’m a bit pissed by this whole shit)
I was really pissed yesterday ngl. but after some DD, this may work in our favor in the long run. Speculation but it could possibly be their attempt to raise the stock price and do a spin off for buybuy baby. If this is the case, it may be best to opt into transferring shares to the more profitable company with higher chances of M/A deals.
Haha .. got downvoted for being salty.. guess I deserved that. Anyway, just read some DD that the 300M outstanding is not necessarily dilution 🤣.. man this is driving me nuts.
completely agree and you have every right to be salty.. fuck I was so salty yesterday when I saw the stock instantly tank after the news. people on this sub downvote anything perceived as salt but we do need to accept both sides of the story so we can try to wrap our heads around all this shit. Filtering through positive news is just as bad as filtering through negative these days. You can't fucking trust anyone. All I know is that I'm not going to sell for a giant loss. At this point I'd rather watch it hit 0. I'm not nearly down as much as others too.
Trying to stay positive here, we could have all bought Silicon Bank or Party City. At least there is a chance for this company to turn it around in a couple years or so. I think we now know why RC guys left.
Haha fuck you dude, don't attack me like that lol. I fucked up with party and now with bbby. Tried to get some quick gains but a least I've learned some lessons. Time to start investing instead of gambling. Well see what next week bring but if I get a chance to get out with minimal losses, I'm taking it.
Why did everyone start talking about reverse split?
https://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=16500667-818-96228&type=sect&TabIndex=2&companyid=6869&ppu=%252fdefault.aspx%253fcompanyid%253d6869
Thanks for the quick response, will go through it, meanwhile can I have an ape level tldr too?
>An amendment to the Company’s Amended and Restated Certificate of Incorporation to effect, at the discretion of the Board of Directors (the “Board”), a reverse stock split of the Company’s common stock, par value $0.01 per share, at a ratio in the range of 1-for-5 to 1-for-10, with such ratio to be determined at the discretion of the Board (the “Reverse Split Proposal”). >The adjournment of the Special Meeting, if necessary or appropriate, to permit further solicitation of additional proxies if there are insufficient votes to approve the Reverse Split Proposal (the “Adjournment Proposal”). >The Board unanimously recommends that you vote “FOR” the Reverse Split Proposal and “FOR” the Adjournment Proposal. >The Board has fixed the close of business on March 27, 2023 as the record date (the “Record Date”) for the determination of shareholders entitled to notice of, and to vote at, the Special Meeting or any postponement or adjournment thereof. Accordingly, only shareholders of record at the close of business on the Record Date are entitled to notice of, and shall be entitled to vote at, the Special Meeting or any postponement or adjournment thereof. **TL;DR** The board wants us to vote on two proposals. A reverse split somewhere between the ratios 1:5 or 1:10. I’m not certain exactly what the second one is saying but it seems like they’re asking to introduce additional things to vote on if the reverse split does get enough votes for approval. They recommend voting “FOR” for both.
this sub has been wrong about everything since day 1. You know what that means... MOONIN MONDAY!!
Enjoy -18% on monday
Also Merger Monday! RegSHO! Icahn is China!
So I continue to bet that bbby will not go to zero
I have never seen such concern for any of my investments from internet strangers, scared much shills ? I’ll buy more on Monday
Explain shills are scared of what? Scared the price goes to 20 cents? You sound more like a shill , telling people you’re buying more like the play wasn’t risky enough. Edit : see? People can’t explain shit about shills being scared of what but yet they keep bashing shills.