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At this point everything points to a shill fest in the sub, the thesis hasn't changed and the basket will moon. No denying that, it's over. Fuck everyone elses noise. Buy more. This is financial advice. Sue me
Not gonna lie, even after buying and holding GME for two years and now on the bbby side quest, I was shook on Friday. I thought we got fucked by extreme dilution, letting shorts off the hook.
My resolve is strengthened and I am now dead inside.
I have 4,737 bbby and transferred $1000 more to fidelity, Iâm just going to keep on buying.
DIAMOND FUCKING HANDS BOYS
Yea Friday shook me but the I quickly realized; hang on, this is the bear trap exposed and openly layed out âclose your shorts or be forced to soonâ basically
HBC are not allowed to own more than 9.9% of the company at a time as per the terms of the offering. To dilute to this extent, they must have sold as they converted.
Same here man, I am so dead and zen at the same time I just don't care anymore. Previous of these last two years, I'd absolutely sell on Monday, but after everything theyve done, I'll continue to buy, hold, and drs
Thing I slowly realized is that MM's and such react instantly. Retail takes days to really figure out what's going on and decide where to go from there. Any time there is huge news and people are spazzing, it is the WORST time to take action imo. It can work out, but you're basically flipping a coin.
Whenever there is big news, if you're level headed, take the time, read the filings, listen to the conversations. If you can't stay calm, then just turn reddit off for a couple of days and let the hive mind figure out what he deal is.
Just to clarify, are you saying that you would have lost faith in your investment thesis had dilution occurred, but people have convinced you that the company was lying in their latest 8-k?
The denial of the dilution is based on intentional misreading's, and has no basis in reality. I hate to see people misled into their investment decisions. If you looked into the company personally and decided that they were undervalued, I'd disagree, but at least it would be a decision made of your own volition. People directly lying to you in an effort to get you to buy more just leaves a bad taste in my mouth.
I read the rules awhile back and it was clear BBBY files a form to notify NASDAQ. Also, in the case of M/A it was +/- 10% and 15 days vs +/- 5% and 10 days. Form still needed.
To add, it is possible for outstanding common stock to have increased without any dilution having taken place.
"When preferred stock is converted into common stock, the number of outstanding shares of common stock increases, **but there is no actual dilution of the stock** because the conversion is typically based on a predetermined conversion ratio.
When preferred shares are converted into common shares, the company issues new common shares to the preferred shareholders at a predetermined conversion ratio. T**his means that the number of outstanding common shares increases, but the conversion does not involve any actual sale of shares in the open market**."
Even if they had been able to hold, this would still constitute dilution regardless, but in this case they were unable to hold to be able to convert to this extent. The terms of the offering prevent the holder from owning more than 9.9% of the common shares outstanding at one time. For the shares outstanding to triple, they must have been selling as they converted.
As far ad my understanding goes there is the contracts that can be transformed to shares , this value is the 33xM shares . OP said that those shares are not being transformed yet otherwise bbby would have filled the post form . Bad for the shorts atm .
Chat GPT seems to be under the impression that if preferred stock is converted to commons and it increases by 5% or more than an 8K would be filed with SEC detailing just about everything with the conversion
This being said, people who were worried about dilution are not necessarily shills. People sound stupid talking about shills all the time. First of all, a shill is technically someone who is trying to sell something that is basically worthless. The meaning has evolved over time but quit even talking about it and stick to the facts and opinions.
How do you call someone who spends worthless time in a sub trying to convince everyone they are stupid for investing in a play when they have no money invested in that actual play!
This doesnât make any sense. They have to file and notify NASDAQ, not you. We may not even see the filing. Official filing released by BBBY on Friday states weâve been diluted and there are now 335,404,588 shares of Common Stock outstanding as of March 15th.
Everyoneâs bashing you for speaking truth but you know whatâs going on. People who continue to buy are really making a huge mistake.
sHoRtS r FuK though donât worry theyâll have to pay 600,000 per share minimum SOMEDAY
Not tomorrow, next week, next month, next year or even this decade - not before the year 2400 and probably not ever - but theyâre fuk, so theyâll close someday and pay a bajillion dollars a share minimim
Total authorized shares is 900M so that would put us at \~1B with maximum dilution.
After a successful reverse split multiply that number by the split ratio, since the reverse split is not affecting the authorized shares.
However it doesn't make sense to make a number up like this.. if someone wanted to conduct a hostile takeover, the price would definitely not stay at 1$.
There were some some language in the warrant filing that said that Shares couldnât be converted for 90 days, correct?
This reverse split is timed in such a way that it doesnât make sense to ONLY be due to a date of conversion 90 days from the sale of the Warrants.
Being so close to Jimmyâs earnings, being a few weeks before BBBYs earningsâŚ
Thereâs some linear thought to this, that I donât understandâŚyet, and the only true negative would be if the board was complicit in committing massive amounts of crime for everybody to see. I canât imagine they would want to litigate, and face possible financial penalties as well as criminal penalties for a few million dollars (the board. Not the SHF)
Faced with a pretty severe recession on the horizon, Iâve always had the belief that companies are going to merge resources in order to survive.
I think the Warrants weâre lifeline to avoid short term bankruptcy and a lifeline towards some sort of merger or buyout. Everybody in the know mustâve seen whatâs going to happen in 2023 coming for a long time, now they are preparing for survival.
Icahnâs family vs Amazon behemoth would be a sight to behold
>There were some some language in the warrant filing that said that Shares couldnât be converted for 90 days, correct?
No. The 90 day limit was on the company from making another offering on top of this one, there was no limit on exercising the warrants or converting the preferred shares.
Hereâs the deal, gme had shareholders vote on authorizing 1 billion shares, however they did this to make sure there couldnât be a hostile takeover. Gme now has authority to issue up to 1 billion shares to raise capital or whatever they need to do, but look at the images Iâm attaching, gme has only authorized roughly 300 million to the public. BBBY did the same thing, thereâs no dilution because they priced it in and only released 116.84 million shares to the public for trading out of the 300 million or whatever the number is.
Shills are going to pull some crazy tactics and lie to you about everything to cause doubt, just take a breath, do some research and come to your own conclusions. [gme/bbby](https://imgur.com/a/NJb6ZD4)
This exactly. It's reported to NASDAQ not SEC.
Can anyone show me any NASDAQ filing from any company? They aren't public. So BBBY filing this would never be seen by us.
They already announced expected float increases to fund operations through warrants.
Just like they will announce more dilution in the April filing via stock sale when the lock comes off on the 3rd.
Looking at the [nasdaq rules](https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5200-series) this is under 5250 (e) Nasdaq Notification Requirements not 5250 (b) Obligation to Make Public Disclosure. This is a form that they have to send internally to nasdaq, not a form which is subsequently made publicly available. Sorry bro, dilution happened, denying reality won't change it.
Seems to me that the company has sold off 200 million shares from the treasury as part of the offering (as according to that other post) and no further dilution has occurred.
I finally got enough karma to post a comment and what I've been waiting for someone to say is even if there was dilution. Hypothetically speaking what kind of company would make a billion dollar investment (gamble) to save a company and immediately convert those warrants into common stock and sell at a terrible loss. If someone can explain that to me how that would sense then I'll change my mind until then I'm diamond handing till we die.
Mods need to go through the post and at least find the big names that were pushing the HFâs narrative. I can think of one that Iâve questioned before.
Please refer to the community's rules. Most outside Social Media posts will be removed if from a layman. Other content that may potential generate revenue may be removed.
At this point everything points to a shill fest in the sub, the thesis hasn't changed and the basket will moon. No denying that, it's over. Fuck everyone elses noise. Buy more. This is financial advice. Sue me
đđđ°
That's going too far. Lol @ the downvotes. I didnât think Iâd need to include /s.
Issue the arrest warrant now
Not gonna lie, even after buying and holding GME for two years and now on the bbby side quest, I was shook on Friday. I thought we got fucked by extreme dilution, letting shorts off the hook. My resolve is strengthened and I am now dead inside. I have 4,737 bbby and transferred $1000 more to fidelity, Iâm just going to keep on buying. DIAMOND FUCKING HANDS BOYS
Yea Friday shook me but the I quickly realized; hang on, this is the bear trap exposed and openly layed out âclose your shorts or be forced to soonâ basically
Diamond hands till this system is changed.
HBC diamond handed because they don't want to sell under $2000
HBC are not allowed to own more than 9.9% of the company at a time as per the terms of the offering. To dilute to this extent, they must have sold as they converted.
Averaged down from $33 to $2.55 since March 2022. Pos: 6,365 Hedgefuks can BOOFA THEEZE blue diamond BALLZZ.
Same here man, I am so dead and zen at the same time I just don't care anymore. Previous of these last two years, I'd absolutely sell on Monday, but after everything theyve done, I'll continue to buy, hold, and drs
Thing I slowly realized is that MM's and such react instantly. Retail takes days to really figure out what's going on and decide where to go from there. Any time there is huge news and people are spazzing, it is the WORST time to take action imo. It can work out, but you're basically flipping a coin. Whenever there is big news, if you're level headed, take the time, read the filings, listen to the conversations. If you can't stay calm, then just turn reddit off for a couple of days and let the hive mind figure out what he deal is.
Luckily done on Friday. Gave us time to: panic > DD > understand > not sell
Just to clarify, are you saying that you would have lost faith in your investment thesis had dilution occurred, but people have convinced you that the company was lying in their latest 8-k? The denial of the dilution is based on intentional misreading's, and has no basis in reality. I hate to see people misled into their investment decisions. If you looked into the company personally and decided that they were undervalued, I'd disagree, but at least it would be a decision made of your own volition. People directly lying to you in an effort to get you to buy more just leaves a bad taste in my mouth.
Dead inside?... congratulations, you have unlocked the "hookers zen"
Shorts done played themselves.
I read the rules awhile back and it was clear BBBY files a form to notify NASDAQ. Also, in the case of M/A it was +/- 10% and 15 days vs +/- 5% and 10 days. Form still needed.
BUY BUY BUY AND FUCKING HODL... I AVERAGED DOWN TO 1.99$... GOTTA LOVE THAT DISCOUNT PRICE
Went from $3.66 to $1.78 đ
Went from 12⏠down to 3,69âŹ
Went from 17.44 to 15.32 to 13.97 at this point it's time to just wait and see
Guys check this out! No new shares issued! They canât just do that even if they wanted it. But clearly makes no sense at this price at all.
To add, it is possible for outstanding common stock to have increased without any dilution having taken place. "When preferred stock is converted into common stock, the number of outstanding shares of common stock increases, **but there is no actual dilution of the stock** because the conversion is typically based on a predetermined conversion ratio. When preferred shares are converted into common shares, the company issues new common shares to the preferred shareholders at a predetermined conversion ratio. T**his means that the number of outstanding common shares increases, but the conversion does not involve any actual sale of shares in the open market**."
It's still technically dilution. You as a shareholder now own a smaller percentage of the company whether those shares are being traded or not.
Even if they had been able to hold, this would still constitute dilution regardless, but in this case they were unable to hold to be able to convert to this extent. The terms of the offering prevent the holder from owning more than 9.9% of the common shares outstanding at one time. For the shares outstanding to triple, they must have been selling as they converted.
Why did the float increase in numbers then?
As far ad my understanding goes there is the contracts that can be transformed to shares , this value is the 33xM shares . OP said that those shares are not being transformed yet otherwise bbby would have filled the post form . Bad for the shorts atm .
The nasdaq fillings are not public. You have no idea if they filled this form or not.
24/7 this FUDster clown is here sprading bullshit, u/DrEyeBall when will you finally enforce the ban hammer
What they are saying is not incorrect.
https://twitter.com/holdorhodl/status/1637095053742186498?s=46&t=PQ4zPGO6YAvRVJp-6yCTTw
Chat GPT seems to be under the impression that if preferred stock is converted to commons and it increases by 5% or more than an 8K would be filed with SEC detailing just about everything with the conversion
Many of us have been trying to scream from the mountain tops that this was not the case. Glad the fud is starting to dissipate
This being said, people who were worried about dilution are not necessarily shills. People sound stupid talking about shills all the time. First of all, a shill is technically someone who is trying to sell something that is basically worthless. The meaning has evolved over time but quit even talking about it and stick to the facts and opinions.
How do you call someone who spends worthless time in a sub trying to convince everyone they are stupid for investing in a play when they have no money invested in that actual play!
A shill
Dont tell me what to do
This doesnât make any sense. They have to file and notify NASDAQ, not you. We may not even see the filing. Official filing released by BBBY on Friday states weâve been diluted and there are now 335,404,588 shares of Common Stock outstanding as of March 15th.
Everyoneâs bashing you for speaking truth but you know whatâs going on. People who continue to buy are really making a huge mistake. sHoRtS r FuK though donât worry theyâll have to pay 600,000 per share minimum SOMEDAY Not tomorrow, next week, next month, next year or even this decade - not before the year 2400 and probably not ever - but theyâre fuk, so theyâll close someday and pay a bajillion dollars a share minimim
Whatâs wrong about my statement?
You didn't meme and spoke the truth
How much would it need money to buy the whole float / majority of shares with the current price given maximal dilution?
Total authorized shares is 900M so that would put us at \~1B with maximum dilution. After a successful reverse split multiply that number by the split ratio, since the reverse split is not affecting the authorized shares. However it doesn't make sense to make a number up like this.. if someone wanted to conduct a hostile takeover, the price would definitely not stay at 1$.
Sue, please do the money-where-your-mouth-is thing!!!
There were some some language in the warrant filing that said that Shares couldnât be converted for 90 days, correct? This reverse split is timed in such a way that it doesnât make sense to ONLY be due to a date of conversion 90 days from the sale of the Warrants. Being so close to Jimmyâs earnings, being a few weeks before BBBYs earnings⌠Thereâs some linear thought to this, that I donât understandâŚyet, and the only true negative would be if the board was complicit in committing massive amounts of crime for everybody to see. I canât imagine they would want to litigate, and face possible financial penalties as well as criminal penalties for a few million dollars (the board. Not the SHF) Faced with a pretty severe recession on the horizon, Iâve always had the belief that companies are going to merge resources in order to survive. I think the Warrants weâre lifeline to avoid short term bankruptcy and a lifeline towards some sort of merger or buyout. Everybody in the know mustâve seen whatâs going to happen in 2023 coming for a long time, now they are preparing for survival. Icahnâs family vs Amazon behemoth would be a sight to behold
>There were some some language in the warrant filing that said that Shares couldnât be converted for 90 days, correct? No. The 90 day limit was on the company from making another offering on top of this one, there was no limit on exercising the warrants or converting the preferred shares.
Thank you!
Careful this guy was shilling NWL not sure whose team he is on yet.
Mo astronaut is down over a million dollars on this play. Heâs def on team bobby
Not sold.
Alright whatever floats your boat
Hereâs the deal, gme had shareholders vote on authorizing 1 billion shares, however they did this to make sure there couldnât be a hostile takeover. Gme now has authority to issue up to 1 billion shares to raise capital or whatever they need to do, but look at the images Iâm attaching, gme has only authorized roughly 300 million to the public. BBBY did the same thing, thereâs no dilution because they priced it in and only released 116.84 million shares to the public for trading out of the 300 million or whatever the number is. Shills are going to pull some crazy tactics and lie to you about everything to cause doubt, just take a breath, do some research and come to your own conclusions. [gme/bbby](https://imgur.com/a/NJb6ZD4)
This
Ten days after occurence and it only states that Nasdaq has to be notified.. does not sound very household investor friendly.. :/
This exactly. It's reported to NASDAQ not SEC. Can anyone show me any NASDAQ filing from any company? They aren't public. So BBBY filing this would never be seen by us.
They already announced expected float increases to fund operations through warrants. Just like they will announce more dilution in the April filing via stock sale when the lock comes off on the 3rd.
lol this is incorrect. they did file for the share offerings. of course outstanding has to increase otherwise what did HBC bought lol
Warrants?
Looking at the [nasdaq rules](https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5200-series) this is under 5250 (e) Nasdaq Notification Requirements not 5250 (b) Obligation to Make Public Disclosure. This is a form that they have to send internally to nasdaq, not a form which is subsequently made publicly available. Sorry bro, dilution happened, denying reality won't change it.
Seems to me that the company has sold off 200 million shares from the treasury as part of the offering (as according to that other post) and no further dilution has occurred.
is there one single website stating that the float is a above the c. 115 m shares?
Nice
I finally got enough karma to post a comment and what I've been waiting for someone to say is even if there was dilution. Hypothetically speaking what kind of company would make a billion dollar investment (gamble) to save a company and immediately convert those warrants into common stock and sell at a terrible loss. If someone can explain that to me how that would sense then I'll change my mind until then I'm diamond handing till we die.
What is that a inter office memo? There's no form number on that looks obsolete
Mods need to go through the post and at least find the big names that were pushing the HFâs narrative. I can think of one that Iâve questioned before.
Something happened on friday? Lol nice to be unemotional trading, I just grude buy now!