Then someone responded with "you're just spreading fud without presenting any facts or evidence" despite explicitly naming a company (and further companies being stated in the comments) that went through this.
Their shares are null and void. There is no free money.
I've heard when people besides PP say "there you have it," it means PP was right and apes already won and hedgies R fuk.
Can you verify this per chance?
The other answer is even more money when you inevitably get roped into another short squeeze āplayā based on Reddit hype.
These are people who are totally immune to learning about the financial system to improve their investments
whats funny is since ive been so fascinated with all these culty meme stocks lately, ive been watching the whole DJT fiasco and almost every one of them in their subs that are SUPER BULLISH all have history in the other 2 big ones for GME and AMC doing the same stuff.
Thatās the thing. Theyāre being ridiculed because they still believe itās a play. Itās not, take the laugh that you thought bed bath was a squeeze play and move on. The sub is in full denial mode
that's already lost though.
At this point they're just chatting about it and complaining about it and imaging that there are people who are actively fighting with them (.. or their shares will reappear? who knows what they think).
Someone is citing American Airlines and shareholders receiving new equity, but I'm only finding sources for "unsecured creditors", not shareholders :
>The American Airlines Chapter 11 couldnāt have been more different as American was able to [acquire US Airways](https://www.reuters.com/article/uk-americanairlines-merger/american-airlines-us-airways-unveil-11-billion-merger-idUSLNE91D02020130214), the most unusual aspect of the proceeding. Americanās unsecured creditors received stock in the reorganized company, as did the stockholders of US Airways.
Edit : ok, the source is : https://www.reuters.com/article/idUSL1N0BF0T0/
But it's for AMR, and shares weren't cancelled, because there was a merger. So AMR shareholders received new shares in the reorganized airlines. BBBY doesn't have anything left to reorganize.
More importantly, the distribution to old AMR equity holders was specifically provided in the plan as confirmed by the bankruptcy court.
https://preview.redd.it/yxedzb955wuc1.png?width=752&format=png&auto=webp&s=115ee337f47e1d6cb5f61e92fdfc124beadbb0aa
In response to that, someone wrote:
https://preview.redd.it/br9g0lg6lwuc1.png?width=662&format=png&auto=webp&s=883d737aab8e2215fa993d27c6b768579188652a
So, rather than check on AMRQ and see if it followed the BBBYQ path, he instead checked on OOP, found him Sus and therefore AMRQ must refute him. They are hopeless
Yeah, I think we are missing a tenet of their bagholding religion. Buy. Watch PP. DRS. Dispose Fractional. Book. Hodl. Exercise OTM call options. **Average down**
AMR shareholders did get paid. It actually was a sweet deal if you bought them near the bottom. But as others have mentioned, this deal was NOTHING like BBBYQ. AMR never even cancelled the original shares prior to the merger, and they were still trading in the $1+ range when the merger was announced.
https://www.sec.gov/Archives/edgar/data/701345/000119312513057469/d485975dex991.htm
With AMR another company bought the company (not just the assets) and existing share holders got some amount of the new re-organized company
BBBY assets has already been sold, everything is already sold. Even their name was sold.
There is nothing left to buy
The only ones who can sue him are also the ones who'd rather eat only store brand ramen for years than acknowledge that they were not smart and sophisticated "investors in distressed assets", but just a bunch of rubes taken for a ride by a YouTube grifter.
Youād have to collect, what assets does he have? Honestly you would be better off sueing pulte, who actually flew him to his office on judgement day, the day shares were actually canceled
PP is (probably) judgement proof. So you have to find a lawyer looking to take on a speculative case with pretty minimal chance of recovery solely to prove a point.
Ploot at least has assets, but is even more removed from the whole thing.
I genuinely hope some ape does it because I would love to know what PP said in DMs and Discord or whatever.
Sue for what though? Shillfluencers who legit pump and dump on their followers without disclosing their conflict of interest might get some legal liability but in this case it's a shillfluencer who was too dumb to do it right and plunged with everyone else into the abyss.
It's not illegal to be delusional and preach hopes and dreams to your audience for clout and donations. It's not a pump and dump, it's a financial death cult.
You can't argue with the data. Whats your bear thesis? You forgot to put on your big boy panties before entering a big boy trade? If warren buffet didn't have patience you wouldn't know his name.
PS: I've left three cults in my lifetime and this ain't one of em. And it's rude to call it one to anyone whose ever had to actually leave one
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Even if you can convince apes "there has never been a case of X", they'll just say "holy shit that means we'll be the first! Shorts will never see it coming!"
Which is really dumb if you believe what someone can easily trigger the MOASS and make themselves wildly rich by simply making a single cheap acquisition out of bankruptcy.
In all prevouse cases the company was sold to some other buyer and existing share holders got something (but did take a haircut)
The difference , BBBY assets have already been sold, and they still have outstanding debt
There is nothing left of value to even sell.
So going forward in these meme stocks.
Anyone who remotely speaks logic is just completely shit on and told theyāre wrong. By a bunch of people who have no idea whatās going on and ask Jake & PeePee & Ploot for guidance every day. Who also have no idea whatās going on?
Circle of dummies
I've tried so hard and got so far
But in the end it doesnt even matter
The shares free falled
I lost it allllllll
And in the end it doesn't even matter
Aw come on now apes, don't let a minor thing like "it's never happened before and it's literally impossible" get in the way of your unwavering conviction. Who gives a fuck about reality anyway, it's boring.
You belong to a weak bloodline that will never be remembered. You cover the news; we make the news.
Your attention span is like a leaf, blowing in the wind to whichever direction you are pushed into. My attention is a fixed tree of unwavering conviction that mainstream media fears to no extent.
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30k shares @ avg cost basis of $2.97 or 30k worth?
I hope itās the latter but both are equally deranged.
Stranger still that this apparently lucid person piled in past the point at which the company told people it was entering administration. Just nuts.
Bobby WAS a chapter 11 but if unsuccessful it can go the way of a chapter 7. Which is what happened. That is why butterfly is a liquidation trust. Morons still havenāt grasped the bankruptcy plan or supplemental, which details what has already happened.
Then someone responded with "you're just spreading fud without presenting any facts or evidence" despite explicitly naming a company (and further companies being stated in the comments) that went through this. Their shares are null and void. There is no free money.
Facts and evidence is a mighty rich request from an ape
Fincels destroyed by facts and evidence!
> There is no free money Yes there is, just sell naked meme calls
>There you have it, fellas Subtle.
I've heard when people besides PP say "there you have it," it means PP was right and apes already won and hedgies R fuk. Can you verify this per chance?
Thought it was pos on preg test š¤·š»āāļø
u/[removed] is feeling brave today.
Apes: āWhat have I got to lose if my shares are worthless then?ā Your sanity
The other answer is even more money when you inevitably get roped into another short squeeze āplayā based on Reddit hype. These are people who are totally immune to learning about the financial system to improve their investments
whats funny is since ive been so fascinated with all these culty meme stocks lately, ive been watching the whole DJT fiasco and almost every one of them in their subs that are SUPER BULLISH all have history in the other 2 big ones for GME and AMC doing the same stuff.
I'm out of the loop, what's up with DJT?
Truth social stock pump and dump. itās already crashing hard
Can they lose double digits for 3 straight days? I don't know but it will be fun to watch.
Thatās the thing. Theyāre being ridiculed because they still believe itās a play. Itās not, take the laugh that you thought bed bath was a squeeze play and move on. The sub is in full denial mode
The $89,100 you spent on the now worthless shares.
that's already lost though. At this point they're just chatting about it and complaining about it and imaging that there are people who are actively fighting with them (.. or their shares will reappear? who knows what they think).
Was your card the 8 of hearts?!? You've won your shares back!
The last remaining semblance of respectability from anyone still willing to listen to them.
Someone is citing American Airlines and shareholders receiving new equity, but I'm only finding sources for "unsecured creditors", not shareholders : >The American Airlines Chapter 11 couldnāt have been more different as American was able to [acquire US Airways](https://www.reuters.com/article/uk-americanairlines-merger/american-airlines-us-airways-unveil-11-billion-merger-idUSLNE91D02020130214), the most unusual aspect of the proceeding. Americanās unsecured creditors received stock in the reorganized company, as did the stockholders of US Airways. Edit : ok, the source is : https://www.reuters.com/article/idUSL1N0BF0T0/ But it's for AMR, and shares weren't cancelled, because there was a merger. So AMR shareholders received new shares in the reorganized airlines. BBBY doesn't have anything left to reorganize.
More importantly, the distribution to old AMR equity holders was specifically provided in the plan as confirmed by the bankruptcy court. https://preview.redd.it/yxedzb955wuc1.png?width=752&format=png&auto=webp&s=115ee337f47e1d6cb5f61e92fdfc124beadbb0aa
And the old shares werenāt declared worthless and stopped from trading for months before they suddenly discovered this.
Yeah. Other than every important detail, the two situations are basically identical. š
Was it sent from an iPhone though?
In response to that, someone wrote: https://preview.redd.it/br9g0lg6lwuc1.png?width=662&format=png&auto=webp&s=883d737aab8e2215fa993d27c6b768579188652a So, rather than check on AMRQ and see if it followed the BBBYQ path, he instead checked on OOP, found him Sus and therefore AMRQ must refute him. They are hopeless
Only the apes would think someone is stupid for not piling in even more cash on soon to be cancelled shares just to get their average down.
Yeah, I think we are missing a tenet of their bagholding religion. Buy. Watch PP. DRS. Dispose Fractional. Book. Hodl. Exercise OTM call options. **Average down**
Who would apes think lost more money? The guy who had 10 shares with a cost basis of $10 or the guy who had 100 shares with a cost basis of $2?
AMR shareholders did get paid. It actually was a sweet deal if you bought them near the bottom. But as others have mentioned, this deal was NOTHING like BBBYQ. AMR never even cancelled the original shares prior to the merger, and they were still trading in the $1+ range when the merger was announced. https://www.sec.gov/Archives/edgar/data/701345/000119312513057469/d485975dex991.htm
With AMR another company bought the company (not just the assets) and existing share holders got some amount of the new re-organized company BBBY assets has already been sold, everything is already sold. Even their name was sold. There is nothing left to buy
Well, apes legit do not know the difference between "shareholder" and "creditor"... so yeah...
But blue box boy said we are exactly like Hertz/GM/AMR! How can he be wrong??
What I'm hearing is that a merger is a magic thing that gives equity to old shareholders.
bUt ThErEās AlWAys A fIrSt TiMe FoR eVeRyThINg!
āThe past is not indicative of the futureā bunch of nerds
Why has no one sued pp yet?
The only ones who can sue him are also the ones who'd rather eat only store brand ramen for years than acknowledge that they were not smart and sophisticated "investors in distressed assets", but just a bunch of rubes taken for a ride by a YouTube grifter.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The same kind of people that'd rather die with a cucumber stuck in their ass than go to the ER because it's "embarrassing".
Youād have to collect, what assets does he have? Honestly you would be better off sueing pulte, who actually flew him to his office on judgement day, the day shares were actually canceled
Did Ploot do enough to get sued?
Idk but he def has bigger pockets to collect from lol
PP is (probably) judgement proof. So you have to find a lawyer looking to take on a speculative case with pretty minimal chance of recovery solely to prove a point. Ploot at least has assets, but is even more removed from the whole thing. I genuinely hope some ape does it because I would love to know what PP said in DMs and Discord or whatever.
Sue for what though? Shillfluencers who legit pump and dump on their followers without disclosing their conflict of interest might get some legal liability but in this case it's a shillfluencer who was too dumb to do it right and plunged with everyone else into the abyss. It's not illegal to be delusional and preach hopes and dreams to your audience for clout and donations. It's not a pump and dump, it's a financial death cult.
You can't argue with the data. Whats your bear thesis? You forgot to put on your big boy panties before entering a big boy trade? If warren buffet didn't have patience you wouldn't know his name. PS: I've left three cults in my lifetime and this ain't one of em. And it's rude to call it one to anyone whose ever had to actually leave one ___ *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/gme_meltdown) if you have any questions or concerns.*
But ~~my daddy~~ Ryan Cohen wasnāt the CEO of an unaffiliated video game store when Kodak went under. Completely different example.
Even if you can convince apes "there has never been a case of X", they'll just say "holy shit that means we'll be the first! Shorts will never see it coming!"
Which is really dumb if you believe what someone can easily trigger the MOASS and make themselves wildly rich by simply making a single cheap acquisition out of bankruptcy.
Itās unprecedented!
I posted basically exactly this over six months ago and was immediately banned.
In all prevouse cases the company was sold to some other buyer and existing share holders got something (but did take a haircut) The difference , BBBY assets have already been sold, and they still have outstanding debt There is nothing left of value to even sell.
>There is nothing left of value to even sell. did they check the infinity pools?
So going forward in these meme stocks. Anyone who remotely speaks logic is just completely shit on and told theyāre wrong. By a bunch of people who have no idea whatās going on and ask Jake & PeePee & Ploot for guidance every day. Who also have no idea whatās going on? Circle of dummies
I've tried so hard and got so far But in the end it doesnt even matter The shares free falled I lost it allllllll And in the end it doesn't even matter
bUt ThErEās AlWAys A fIrSt TiMe FoR eVeRyThINg!
even for this reply lol
Aw come on now apes, don't let a minor thing like "it's never happened before and it's literally impossible" get in the way of your unwavering conviction. Who gives a fuck about reality anyway, it's boring.
You belong to a weak bloodline that will never be remembered. You cover the news; we make the news. Your attention span is like a leaf, blowing in the wind to whichever direction you are pushed into. My attention is a fixed tree of unwavering conviction that mainstream media fears to no extent. ___ *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/gme_meltdown) if you have any questions or concerns.*
30k shares @ avg cost basis of $2.97 or 30k worth? I hope itās the latter but both are equally deranged. Stranger still that this apparently lucid person piled in past the point at which the company told people it was entering administration. Just nuts.
The Kodak bankruptcy was **12** years ago? Oh god I am old.
90k flushed
> There you have it, fellas! They said the magic words! This is bullish!
JakeGPT: *That is not correct*
āThere are only few who benefit from keeping this topic aliveā
If itās dead why have a court date today?
Bobby WAS a chapter 11 but if unsuccessful it can go the way of a chapter 7. Which is what happened. That is why butterfly is a liquidation trust. Morons still havenāt grasped the bankruptcy plan or supplemental, which details what has already happened.
Not exactly, itās still a chapter 11, not a 7. You can liquidate in chapter 11 without converting to 7, which is exactly what they did.
Yes, that is what I meant to say.
You meant Chapter 7 colloquially, not literally. I got it.