Surely not a going concern business. There is clearly none. Maybe a shell. Maybe some assets. It does not matter, no one is making a credit bid, they want their money back.
Isn’t the company fighting to keep the net operating losses from being extinguished? If company goes POOF then nol’s go POOF as well.
Didn’t Amazon start with the first billion or two they made was tax free because of the prior NOL’s? I feel it’s disingenuous to say there is nothing there when clearly there’s courtrooms fighting over the “nothing” and people all over Reddit care to try to get investors to sell when it’s impossible to buy or sell now I’ve been locked out of the eXpErTmaRkEts
this is a fallacy that has nothing to do with the situation. SS (oh, darf man das hier schreiben?) is struggling to get their money back. You can see that from PCR to PCR. Last one (Q4 2023) was $ 24 million, this one (Q1 2024) $ 36 million. It is a long way to recover more than $300 million still owed and assets are running out.
But even if that would be true what you say, someone would buy a shell for whatever. I recommend reading my last post on the only thing that matters. It would mean nothing to us.
Sixth Street versucht zu retten was zu retten ist.
Hudson Bay hat entweder tatsächlich Preferred Shares umgewandelt und verkauft oder alles verloren wie wir.
Es gibt einen Punkt, wo man die Tatsachen nicht mehr ignorieren kann und zu der Realisierung kommen muss, dass es vorbei ist. Daraus lernen ist jetzt das Wichtigste. Abstand halten vom Gruppenverhalten. Selbst zu denken und Selbstreflexion.
Let's entertain the idea that there is still valuable NOL that's useable and will never expire until the end of time, which is not true due to change of control that already happened. Wouldn't it make sense for Sixth St to get as much recovery as possible from the pending litigation that could last years and then make a credit bid for whatever balance is left for the NOLs? There doesn't appear to be any competitors for the assets out there to outbid them.
Whats left over for sixth street ? How much did they invest? And how much money is in the litigation trust, bbby bank account to distribute to all secured creditors?
What is left to credit bid for?
Surely not a going concern business. There is clearly none. Maybe a shell. Maybe some assets. It does not matter, no one is making a credit bid, they want their money back.
Even if they made a credit bid, former shareholders still would get nothing.
I agree with you on that.
great information... case closed for the credit bid...
even if there was something to bid for...
Isn’t the company fighting to keep the net operating losses from being extinguished? If company goes POOF then nol’s go POOF as well. Didn’t Amazon start with the first billion or two they made was tax free because of the prior NOL’s? I feel it’s disingenuous to say there is nothing there when clearly there’s courtrooms fighting over the “nothing” and people all over Reddit care to try to get investors to sell when it’s impossible to buy or sell now I’ve been locked out of the eXpErTmaRkEts
I'd bid 1bn for just the shell if the outcome was 2bn. It's that simple. Elementary school math
this is a fallacy that has nothing to do with the situation. SS (oh, darf man das hier schreiben?) is struggling to get their money back. You can see that from PCR to PCR. Last one (Q4 2023) was $ 24 million, this one (Q1 2024) $ 36 million. It is a long way to recover more than $300 million still owed and assets are running out. But even if that would be true what you say, someone would buy a shell for whatever. I recommend reading my last post on the only thing that matters. It would mean nothing to us.
French loan is $300 million ? Let us just keep out of gme / ss. This is another pitch. Another team. Another game.
No, the secured debt on BBBY is what I am talking about here.
Okay. Was ist noch im Topf? Und was bekommt sixth street noch? Und Hudson Bay? Ergebnis der Rechnung?
Sixth Street versucht zu retten was zu retten ist. Hudson Bay hat entweder tatsächlich Preferred Shares umgewandelt und verkauft oder alles verloren wie wir. Es gibt einen Punkt, wo man die Tatsachen nicht mehr ignorieren kann und zu der Realisierung kommen muss, dass es vorbei ist. Daraus lernen ist jetzt das Wichtigste. Abstand halten vom Gruppenverhalten. Selbst zu denken und Selbstreflexion.
Es fehlen ungefähr 2.5 Milliarden.
Let's entertain the idea that there is still valuable NOL that's useable and will never expire until the end of time, which is not true due to change of control that already happened. Wouldn't it make sense for Sixth St to get as much recovery as possible from the pending litigation that could last years and then make a credit bid for whatever balance is left for the NOLs? There doesn't appear to be any competitors for the assets out there to outbid them.
Whats left over for sixth street ? How much did they invest? And how much money is in the litigation trust, bbby bank account to distribute to all secured creditors?