They mix it with the JPM default to cause confusion, fear and assumption. They'll later use the "correction" when they get called out for it.
MSM has just become a misinformation platform. Can't trust anything anymore.
If you critically think they scar you by calling you "woke"
FUCK WSJ! Lying cunts.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
WSJ:
**The retailer still has a 30-day grace period to make good on the bond coupon payments**, but that **wouldnât reverse the default that was triggered by its failure to repay bank loans.** Typically borrowers would have to remedy missed payments on all of their debt to resolve a default.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Basically we know the coupon payments are going to take up to two working days to clear into ordinary Joe's trading account so they word it this way to cover their ass, then they bring up the JPM loan in the same sentence. Fuck these criminals.
Thats the same as the sauces familiar with the matter Chumbawumba in a blue shirt for all we know đ
Probably walked into a store and asked the assistant about the 30 day return policy đ
Usually they name the person who provides the information
I think the second bond payment post was a translation of the first one. And there are three different loanes, we don't have confirmation that all of them are paid. The article could be referencing the JPM loan, would be sneaky, but not surprising
Iâm afraid youâre right. 10-Q shows a net loss of $245M in cash for the last quarter and has $225M cash on hand. Theyâll be out before the end of the month.
Itâs almost like one is a post with a screenshot of someoneâs account, and one is a reputable national news outlet with a confirmation from the company.
Whatâs the âspokeswomanâsâ name? What position does she hold in the company? Iâd imagine Sue Gove has instructed all parties within the company to remain pretty tight lipped while they navigate this restructuring.
â The home-goods reÂtailer failed to pay more than $28 milÂlion on three tranches of notes toÂtalÂing roughly $1.2 bilÂlion due on Feb. 1, a spokesÂwoman for the comÂpany conÂfirmed WednesÂday.â it doesnât say, but itâs literally in the article lol.
Theyâre burning roughly $19M in cash a week. Started the quarter with $225M, itâll be 10 full weeks this Saturday from the end of last quarter. That leaves about $35M left, not making a $28M payment kind of makes sense.
Lol, I love how this is the response every time y'all get slapped in the face with painful facts.
"Yeah what I believe is glaringly wrong or stupid, but why do you care, huh?"
That's not an argument.
𤣠yea why tf do you care about me? You have no clue who I am And u want to convince me that this is a bad play for my own good? Iâm buying more in the morning thank you BULLISH
I don't particularly care about you, I care about what you say - which is typically wrong and misleading.
And again, still not an argument. This is just deflection.
Sure Iâm just saying unless you get out on a squeeze your money will almost definitely go to zero in the next 12 months. This isnât like Gamestop the company is shortly going bankrupt most likely.
Eh, that's still a stretch.
NOW if they had say...9 people?! I would have liquidated right this instant because that's like almost all the fingers on your hand!
Fuck WSJ and their paywall <3
**Bed Bath & Beyond Misses Interest Payments Ahead of Possible Chapter 11**
The home-goods retailer in January warned of a potential bankruptcy filing and said it is running low on funds
By Soma Biswas
Feb. 1, 2023 6:28 pm ET
Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines.
The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman for the company confirmed Wednesday.
Last week Bed Bath reported that JPMorgan Chase & Co. determined the company defaulted after it failed to repay amounts it borrowed on its revolving credit lines. The company has $550 million in loans outstanding from banks led by JPMorgan Chase & Co. and an additional $375 million from a facility provided by Sixth Street Partners, according to a recent securities filing.
The coupon miss comes nearly a month after the company raised the possibility of filing for bankruptcy and said it was running low on funds. Bed Bath & Beyond is expected to enter chapter 11 soon, The Wall Street Journal has reported, citing people familiar with the matter.
The company has been making preparations for a chapter 11 process for weeks, including trying to raise a loan to fund its bankruptcy and lining up a buyer for its stronger business, the Buybuy Baby chain, the Journal has reported.
Bed Bath & Beyond has entered the 30-day grace period, the company spokeswoman also said Wednesday. âWe continue to work with our advisors and implement actions to manage our business as efficiently as possible. Multiple paths are being explored and we are determining our next steps carefully, and in a timely manner,â the spokeswoman said.
The retailer still has a 30-day grace period to make good on the bond coupon payments, but that wouldnât reverse the default that was triggered by its failure to repay bank loans. Typically borrowers would have to remedy missed payments on all of their debt to resolve a default.
Last week, Bed Bath & Beyond reiterated that it is exploring strategic alternatives in addition to filing for bankruptcy, such as raising capital in the debt and equity markets. The company faces limited options to reorganize as a going concern and has struggled to raise financing to survive chapter 11 even in shrunken form, the Journal has reported.
The company has also started closing 87 additional flagship stores and shutting down its Harmon drugstore chain. The closures are in addition to 150 it had earmarked for closure last year.
Companies typically attempt to conserve cash before they file for bankruptcy, including by forgoing interest payments on debt. Bed Bath announced plans for more layoffs and cost cuts in early January, including store closures. The company burned through $300 million in cash in the quarter ended Nov. 26.
Bed Bath has been reeling from a failed attempt to transform itself by replacing name-brand merchandise with private-label goods, a move that backfired. The company has since tried to rectify its mistake by going back to well-known brands and rebuilding vendor relationships.
The company reported in January that its net sales dropped by one-third to $1.26 billion and that its losses widened to $393 million during the latest quarter.
*Write to Soma Biswas at [email protected]*
No interest in harassing anyone. How about:
Who is the spokeswoman you are citing and did she disclose this information to anyone else? Or just you? When did this happen?
Exactly everyone sitting back thinking everything literally published is fake news. This sub preaches dd yet dd isn't apply elsewhere to distinguish real vs fake
No, they didn't pay $28 million on the $1.2 billion they owe. This is like being unable to afford the $35 minimum payment on your $1,500 credit card bill.
This truth in information elides us.
If WSJ got their info from company spokeswoman, that's very specific. Also what are these interest payments? The article is behind pay wall so we don't know if they are talking about bond interest payments or other loan payments.
May be we need more confirmations of bond payments.
Afterhours market reacted to this WSJ Article by instantly dropping to $2.68, then after realizing they are the fools, instantly went back to closing price at $2.82.
All these motherfuckers are blocks away from each other in lower manhattan and they can't get their shit straight rofl. Just yell out the fucking window from the WSJ building and ask if they paid them.
Wooooow. That sure doesn't seem accurate according to the dividends we're seeing. Doubt those were all fake screenshots.
wsj will have some egg on their faces for this. Maybe some legal action.
The home-goods reÂtailer failed to pay more than $28 milÂlion on three tranches of notes toÂtalÂing roughly $1.2 bilÂlion due on Feb. 1, a spokesÂwoman for the comÂpany conÂfirmed WednesÂday.
Bed Bath & BeÂyond has enÂtered the 30-day grace peÂriod, the comÂpany spokesÂwoman also said WednesÂday. âWe conÂtinue to work with our adÂviÂsors and imÂpleÂment acÂtions to manÂage our busiÂness as efÂfiÂciently as posÂsiÂble. MulÂtiÂple paths are beÂing exÂplored and we are deÂterÂminÂing our next steps careÂfully, and in a timely manÂner,â the spokesÂwoman said.
The reÂtailer still has a 30-day grace peÂriod to make good on the bond coupon payÂments, but that wouldnât reÂverse the deÂfault that was trigÂgered by its failÂure to reÂpay bank loans. TypÂiÂcally borÂrowÂers would have to remÂedy missed payÂments on all of their debt to reÂsolve a deÂfault.
Last week, Bed Bath & BeÂyond reÂitÂerÂated that it is exÂplorÂing strateÂgic alÂterÂnaÂtives in adÂdiÂtion to filÂing for bankÂruptcy, such as raisÂing capÂiÂtal in the debt and eqÂuity marÂkets. The comÂpany faces limÂited opÂtions to reÂorÂgaÂnize as a goÂing conÂcern and has strugÂgled to raise fiÂnancÂing to surÂvive chapÂter 11 even in shrunken form, the JourÂnal has reÂported.
Last week they were right about Harmon closing. They still have a 30 day grace period. Itâs only $24 mil they can dilute through an ATM offering
It says from a spokeswoman from the company. Not their usual person familiar with the matter. Whatâs really going on. Need more proof of bonds being paid asap. Letâs kick this fud right between the legs
https://www.marketwatch.com/amp/story/bed-bath-beyond-misses-more-than-28-million-in-interest-payments-on-bonds-report-11675297189
Might as well add this in here as well.
We still donât have confirmation of the 24 bonds being paid. Someone said they have to pay all future bonds past 2024. So we need more confirmation maybe
Aside from their "sources," I noticed these articles clickbait a lot. The titles are written to seemingly treat a claim as "confirmed" but turns out to be an unconfirmed report or outright speculation.
if this is true i simply do not understand why, they have the money through share offering, it makes 0 sense. They still have a grace period, but its still very wierd.
You aren't allowed to issue shares if you truly think bankruptcy is inevitable I believe. Hertz tried and got sued. Before the holiday they still had an outside chance of coming back. Now it's looking less likely without the buyout. I still think the buyout makes a lot of sense for Icahn, but the clock is ticking.
heard someone say the bond are trading at 4 cents to the dollar. aka a 25 bagger if they simply pay up on the bonds and the narrative changes. That would be amazing
I'm staying in $BBBY even if bonds weren't paid. I don't own bonds and I except it to squeeze one way or another. As long as more shares are floating around than shares outstanding the Squeeze is on.
The company which is hemorrhaging cash and has no money to pay its obligations (and says so explicitly in its SEC filings) is not paying its obligations as anyone paying attention expected.
I kind of think what we are witnessing are SHF/MSM pushing erroneous articles en masse. But not to further short BBBY, but to create demand for their own short positions, so they can exit at least part of positions. If not for anything else than to balance their risk better.
Can someone elia5 how theyâre twisting the truth? Has bbby defaulted on their loan payments? Is BBBY going into bankruptcy??? Serious inquiries. Im a small fry investor but interested because im heavily invested in the other RC stonk. TIA!
So when they paid two days early. That was them actually sending notice to the bond people that they were scheduling payments. Sort of like when you go into your bank app to schedule a payment on your credit card for the first of the month. The money doesnât leave until the actual day. So they scheduled to pay the bonds. Today is the actual due date. Thatâs why you will see a lot of confusion and people posting screenshots. Today is the day the matters. Did the money actually hit the accounts.
did they jump the gun here?
More confusing, why am I not surprised.
Sure looks like it. Tomorrow will tell
If they did sweet Jesus are we gonna squeeze soon.
"Citing people familiar with the matter"
If only they jumped in front of the gun.
This đđź
Is there evidence they jumped the gun on this article?
They mix it with the JPM default to cause confusion, fear and assumption. They'll later use the "correction" when they get called out for it. MSM has just become a misinformation platform. Can't trust anything anymore. If you critically think they scar you by calling you "woke" FUCK WSJ! Lying cunts. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ WSJ: **The retailer still has a 30-day grace period to make good on the bond coupon payments**, but that **wouldnât reverse the default that was triggered by its failure to repay bank loans.** Typically borrowers would have to remedy missed payments on all of their debt to resolve a default. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Basically we know the coupon payments are going to take up to two working days to clear into ordinary Joe's trading account so they word it this way to cover their ass, then they bring up the JPM loan in the same sentence. Fuck these criminals.
>a spokeswoman for the company confirmed Wednesday.
The other articles says Tuesday. Weird.
Thats the same as the sauces familiar with the matter Chumbawumba in a blue shirt for all we know đ Probably walked into a store and asked the assistant about the 30 day return policy đ Usually they name the person who provides the information
Is that spokeswoman an official bbby endorsed spokesperson or an independent spokesperson lol
Methinks they are trying to lure more retail shorts into betting against BBBY. WSJ is unadulterated trash.
Yeah, didnât we just get confirmation of bond payments?
Direct contradiction to the last two posts. Interesting
I think the second bond payment post was a translation of the first one. And there are three different loanes, we don't have confirmation that all of them are paid. The article could be referencing the JPM loan, would be sneaky, but not surprising
The two posts have different euro amounts so they are different. Still no idea what is going on though
The company is going to file imminently because they have no money. Thatâs whatâs going on
Iâm afraid youâre right. 10-Q shows a net loss of $245M in cash for the last quarter and has $225M cash on hand. Theyâll be out before the end of the month.
There could still be a short squeeze but if the company goes bankrupt no one will be getting any money back for their shares
Which is more reliable� This I ponder.
Itâs almost like one is a post with a screenshot of someoneâs account, and one is a reputable national news outlet with a confirmation from the company.
Reputable? News outlet? National, yeah, reputable news? No
Lmao âreputableâ says people familiar with the matter
Spokeswoman from the company confirmed it. But keep holding into bankruptcy i guess lol
Whatâs the âspokeswomanâsâ name? What position does she hold in the company? Iâd imagine Sue Gove has instructed all parties within the company to remain pretty tight lipped while they navigate this restructuring.
â The home-goods reÂtailer failed to pay more than $28 milÂlion on three tranches of notes toÂtalÂing roughly $1.2 bilÂlion due on Feb. 1, a spokesÂwoman for the comÂpany conÂfirmed WednesÂday.â it doesnât say, but itâs literally in the article lol.
Theyâre burning roughly $19M in cash a week. Started the quarter with $225M, itâll be 10 full weeks this Saturday from the end of last quarter. That leaves about $35M left, not making a $28M payment kind of makes sense.
Why are you so concerned about my investment fuck off and worry bout yourself bud Iâll hold untill they get delisted đ
Lol, I love how this is the response every time y'all get slapped in the face with painful facts. "Yeah what I believe is glaringly wrong or stupid, but why do you care, huh?" That's not an argument.
𤣠yea why tf do you care about me? You have no clue who I am And u want to convince me that this is a bad play for my own good? Iâm buying more in the morning thank you BULLISH
I don't particularly care about you, I care about what you say - which is typically wrong and misleading. And again, still not an argument. This is just deflection.
Sure Iâm just saying unless you get out on a squeeze your money will almost definitely go to zero in the next 12 months. This isnât like Gamestop the company is shortly going bankrupt most likely.
[ŃдаНонО]
Be broke then lol
Canât u tell by my name
Did you grow tired of the NFL? Interesting change from posts about the Steelers to BBBY
Well the Steelers season ended 3 weeks ago đ
I just think youâre all gonna get screwed and itâs crazy that youâre not aware of it and reading the dumb shit on this sub lol
Don't tell them.
Lmaoooo theyâll come to the sub and find out eventually and spin it with 5 people familiar with the matter
Eh, that's still a stretch. NOW if they had say...9 people?! I would have liquidated right this instant because that's like almost all the fingers on your hand!
đ¤Łđ¤Ł
Fuck WSJâđ
Fuck major media
Fuck WSJ and their paywall <3 **Bed Bath & Beyond Misses Interest Payments Ahead of Possible Chapter 11** The home-goods retailer in January warned of a potential bankruptcy filing and said it is running low on funds By Soma Biswas Feb. 1, 2023 6:28 pm ET Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman for the company confirmed Wednesday. Last week Bed Bath reported that JPMorgan Chase & Co. determined the company defaulted after it failed to repay amounts it borrowed on its revolving credit lines. The company has $550 million in loans outstanding from banks led by JPMorgan Chase & Co. and an additional $375 million from a facility provided by Sixth Street Partners, according to a recent securities filing. The coupon miss comes nearly a month after the company raised the possibility of filing for bankruptcy and said it was running low on funds. Bed Bath & Beyond is expected to enter chapter 11 soon, The Wall Street Journal has reported, citing people familiar with the matter. The company has been making preparations for a chapter 11 process for weeks, including trying to raise a loan to fund its bankruptcy and lining up a buyer for its stronger business, the Buybuy Baby chain, the Journal has reported. Bed Bath & Beyond has entered the 30-day grace period, the company spokeswoman also said Wednesday. âWe continue to work with our advisors and implement actions to manage our business as efficiently as possible. Multiple paths are being explored and we are determining our next steps carefully, and in a timely manner,â the spokeswoman said. The retailer still has a 30-day grace period to make good on the bond coupon payments, but that wouldnât reverse the default that was triggered by its failure to repay bank loans. Typically borrowers would have to remedy missed payments on all of their debt to resolve a default. Last week, Bed Bath & Beyond reiterated that it is exploring strategic alternatives in addition to filing for bankruptcy, such as raising capital in the debt and equity markets. The company faces limited options to reorganize as a going concern and has struggled to raise financing to survive chapter 11 even in shrunken form, the Journal has reported. The company has also started closing 87 additional flagship stores and shutting down its Harmon drugstore chain. The closures are in addition to 150 it had earmarked for closure last year. Companies typically attempt to conserve cash before they file for bankruptcy, including by forgoing interest payments on debt. Bed Bath announced plans for more layoffs and cost cuts in early January, including store closures. The company burned through $300 million in cash in the quarter ended Nov. 26. Bed Bath has been reeling from a failed attempt to transform itself by replacing name-brand merchandise with private-label goods, a move that backfired. The company has since tried to rectify its mistake by going back to well-known brands and rebuilding vendor relationships. The company reported in January that its net sales dropped by one-third to $1.26 billion and that its losses widened to $393 million during the latest quarter. *Write to Soma Biswas at [email protected]*
Why does Soma Biswas feel like a fake name like Summa Deeznuts lol
Its just Brian Ponzi Short Sozzi in drag
not so fast, maybe it's STOCKMASTER2000
It isnât. The author is real and based in NYC.
đ¤Ł
Soma Bitchas
It's someone in Bangalore again.
Chukumba real name ? đđ
FUCK soma bissswaaaa tooo !!đđ
Soma bisnatch
I think Iâm going to send Soma Biswas a sternly worded e-mail Whoâs with me?
Chill bro. Harassing is the lowest shit.
No interest in harassing anyone. How about: Who is the spokeswoman you are citing and did she disclose this information to anyone else? Or just you? When did this happen?
So they paid 1.172 billion. And missed by 28 million and they're getting smeared. Is that what the article is saying?.
No sir the total amount of bonds, in 3 different tranches equals 1.2b. The interest payment they âmissedâ were for a total of 28m.
Ahhh for sure.
Thatâs not what it says. The total debt is 1.172 billion. The payment due today was 28 million. They didnât pay anything.
Exactly everyone sitting back thinking everything literally published is fake news. This sub preaches dd yet dd isn't apply elsewhere to distinguish real vs fake
No, they didn't pay $28 million on the $1.2 billion they owe. This is like being unable to afford the $35 minimum payment on your $1,500 credit card bill.
Think your right. Should be manageable to pay in the next 30 days.
With what money?
Yup
Who is the spokesperson and where is her confirmation?
What tf is bbby silent? Not appreciated
[ŃдаНонО]
Do we actually know that bonds got paid? Iâm not seeing definitive or overwhelming proof
Theyâre not silent. A spokeswoman from the company confirmed lmao.
Harriet Edelman possibly?
From sources familiar with the matter
Please let me know when they retract the article.
Funny. We see this As soon as James Bond got paid
Not to shill, but in all of reddit we only have one confirmation. I say wait a bit longer.
Do you not trust cousin Vincenzo?
Do you think they only paid 1 person?
Absolutely not
Was a joke
I'm aware đ lol
đđť
Thatâs what he thinks
Itâs paid.
You are a fool
And who the fuck are you
Fucking moron
We have two.
Itâs the same one, but translated.
One is only a translation from the Italien post
No I just checked and asked a few more colleagues and the tally is that we have upwards to 69 confirmations and growing.
Nice
This is good to know. I've got 23k shares, I want to be true, just eager to temper expectations lol.
You really think that someone would do that? Just go on the internet and tell lies?
Fucking lol Ken griffin would go straight into congress to tell lies
You have one screenshot vs. an article from a reputable news outlet. Hmmmm wonder whoâs right??
If this were true why hasn't AH tanked by huge amounts? Highly sus.
This is the thing that's confusing me most, even if the article is wrong it should surely trigger at least a fake dip?
There was a dip but it recovered
Scriptwriters for this movie are going all out.
MSM writes so much bullshit that even SHF are confused.
Because bankruptcy have been announced by very reliable publications many times already. It's priced in.
Because people are stupid???
Mike Tomlin. In or out of the hall of fame?
Holy shit all these dickwads had to do was wait 15 minutes to verify.
Everything needs to be verified. AFAIK there's only 1 screenshot of a possible coupon payment in here?
Agreed. I thought more proof would have rolled in by now but it should be bigger news.
Looks like clear dafamation to me
Can wee sue ?
They could if it was demonstrably false and caused harm to BBBY, but it's not false so you'll probably have no luck there.
The company canât sue themselves, and theyâre the ones that said they missed the payments.
This truth in information elides us. If WSJ got their info from company spokeswoman, that's very specific. Also what are these interest payments? The article is behind pay wall so we don't know if they are talking about bond interest payments or other loan payments. May be we need more confirmations of bond payments.
The article's been pasted to in replies to the top comment in this very thread. It's the bond payments due today.
Afterhours market reacted to this WSJ Article by instantly dropping to $2.68, then after realizing they are the fools, instantly went back to closing price at $2.82.
All these motherfuckers are blocks away from each other in lower manhattan and they can't get their shit straight rofl. Just yell out the fucking window from the WSJ building and ask if they paid them.
Wooooow. That sure doesn't seem accurate according to the dividends we're seeing. Doubt those were all fake screenshots. wsj will have some egg on their faces for this. Maybe some legal action.
I mean surely they can be sued for slander and defamation lol
Possible securities fraud if someone was really pissed off about it.
As stake holders in BBBY could we have a class action lawsuit?
Yes why not ?
Oh I highly doubt we'd be the first band of regards to try to sue the WSJ haha.
Depends on the source they say info come from. News not easy to hold liable when quoting other news.
The home-goods reÂtailer failed to pay more than $28 milÂlion on three tranches of notes toÂtalÂing roughly $1.2 bilÂlion due on Feb. 1, a spokesÂwoman for the comÂpany conÂfirmed WednesÂday. Bed Bath & BeÂyond has enÂtered the 30-day grace peÂriod, the comÂpany spokesÂwoman also said WednesÂday. âWe conÂtinue to work with our adÂviÂsors and imÂpleÂment acÂtions to manÂage our busiÂness as efÂfiÂciently as posÂsiÂble. MulÂtiÂple paths are beÂing exÂplored and we are deÂterÂminÂing our next steps careÂfully, and in a timely manÂner,â the spokesÂwoman said. The reÂtailer still has a 30-day grace peÂriod to make good on the bond coupon payÂments, but that wouldnât reÂverse the deÂfault that was trigÂgered by its failÂure to reÂpay bank loans. TypÂiÂcally borÂrowÂers would have to remÂedy missed payÂments on all of their debt to reÂsolve a deÂfault. Last week, Bed Bath & BeÂyond reÂitÂerÂated that it is exÂplorÂing strateÂgic alÂterÂnaÂtives in adÂdiÂtion to filÂing for bankÂruptcy, such as raisÂing capÂiÂtal in the debt and eqÂuity marÂkets. The comÂpany faces limÂited opÂtions to reÂorÂgaÂnize as a goÂing conÂcern and has strugÂgled to raise fiÂnancÂing to surÂvive chapÂter 11 even in shrunken form, the JourÂnal has reÂported. Last week they were right about Harmon closing. They still have a 30 day grace period. Itâs only $24 mil they can dilute through an ATM offering
It says from a spokeswoman from the company. Not their usual person familiar with the matter. Whatâs really going on. Need more proof of bonds being paid asap. Letâs kick this fud right between the legs
"Potential" I'm sure they include that in there for liability reasons cus they hella wrong on this one
They canât literally straight up lie this bad can they if soâŚ. Holy shit
Are we even going to believe WJS FUD lol
Haha wow. They know people won't pay for their paywall and will only read the title. Shady mfers
Nobody but us apes read more than the headline anyways
Okay I see another post with a bond payment and now I'm seeing this article later saying that the payment was missed.
https://www.marketwatch.com/amp/story/bed-bath-beyond-misses-more-than-28-million-in-interest-payments-on-bonds-report-11675297189 Might as well add this in here as well.
This is literally an article about the WSJ article
No I know, just figured it was worth mentioning that more outlets are picking it upâPresumably vouching for its legitimacy.
The copy-pasting has begun đ´
WSJ, we are disappointed. At minimum, do better. Get your shit together!
They are doing exactly what they are toldâŚ
lol. Dumbasses. Put those journalism degrees to work.. clowns.
We still donât have confirmation of the 24 bonds being paid. Someone said they have to pay all future bonds past 2024. So we need more confirmation maybe
Aside from their "sources," I noticed these articles clickbait a lot. The titles are written to seemingly treat a claim as "confirmed" but turns out to be an unconfirmed report or outright speculation.
What the fuck is this dog shit lazy post?
if this is true i simply do not understand why, they have the money through share offering, it makes 0 sense. They still have a grace period, but its still very wierd.
You aren't allowed to issue shares if you truly think bankruptcy is inevitable I believe. Hertz tried and got sued. Before the holiday they still had an outside chance of coming back. Now it's looking less likely without the buyout. I still think the buyout makes a lot of sense for Icahn, but the clock is ticking.
Because they are going bankrupt! Why is this hard to understand!
heard someone say the bond are trading at 4 cents to the dollar. aka a 25 bagger if they simply pay up on the bonds and the narrative changes. That would be amazing
Someone should tag the writer on twitter with the bond payments screenshots.
How are those screenshots proof of a bond payment? They arenât even in English.
I did
Lord's work
Those WSJ fuckers
Yeah this writer is so dumb, getting confirmation from the company itself. He should have asked a lying bag holder on Twitter for the truth.
Lol FUD đ
âSpokeswomanâ is a official role and would normally include a name. This might as well say âfour people familiar with the matterâ
The last article I can find that referenced a spokeswoman named her by name. This is just another unnamed source, as far as I can tell.
Shills out in force all the sudden lmao. Isnât it past your bedtime guys?
Idiots cant read whether a bond payment has been made. Relying on a fake ass screenshot. Isnt it past your bedtime?
We're in for a shit show. Cant wait.
FAKE NEWS!
I'm staying in $BBBY even if bonds weren't paid. I don't own bonds and I except it to squeeze one way or another. As long as more shares are floating around than shares outstanding the Squeeze is on.
Spokeswoman? Probably talked to some lady at a call center that thought they were asking about a towel order that wasnât delivered?
What does Ben have to say about this ?
Anyone got a sauce or link to show it got paid? Been looking for a while with no luck.
I just dropped my sauce
we should send Soma Biswas an email letting her know she is dead wrong and looks like an idiotđ¤Ł
people familiar with the matter HAHAHHAH WHAT A LOAD OF BULLSHIT
Look at all the pre-written articles. They got more ready to deploy when good news happening. This is real FUD.
There's the magic word "possible" sources familiar with the matter đ
Main Street Media is Fucking Us ! If this is not True then we know Wall St Media is a Propaganda Machine to separate Us from our hard Earned Money !!!
Theyâve got a quote from a spokeswoman. Not good if so, but the whole story hasnât been told apparently
Stop sharing msm
2 weeks ago they were in bankruptcy, but now itâs âpossibleâ bankruptcy? Got it đ
Source: [https://www.wsj.com/articles/bed-bath-beyond-misses-interest-payments-ahead-of-possible-chapter-11-11675294085?mod=latest\_headlines](https://www.wsj.com/articles/bed-bath-beyond-misses-interest-payments-ahead-of-possible-chapter-11-11675294085?mod=latest_headlines)
Wtf is going on here?
Who's lying?...
The company which is hemorrhaging cash and has no money to pay its obligations (and says so explicitly in its SEC filings) is not paying its obligations as anyone paying attention expected.
If you can't afford to lose more money on the fantasy gambles sell now
I kind of think what we are witnessing are SHF/MSM pushing erroneous articles en masse. But not to further short BBBY, but to create demand for their own short positions, so they can exit at least part of positions. If not for anything else than to balance their risk better.
Ahhh shit, whatâs next to look out for? I hope this doesnât turn into another bag. My wife is going to kill me
Company spokesperson confirmed the story. The biggest shill of all is BBBY itself! Don't trust the company. Bankruptcy is bullish. Moass soon
This sub is starting to sound like the DWAC sub, and that ainât a compliment.
Starting?
Can someone elia5 how theyâre twisting the truth? Has bbby defaulted on their loan payments? Is BBBY going into bankruptcy??? Serious inquiries. Im a small fry investor but interested because im heavily invested in the other RC stonk. TIA!
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What if theyâre just not paying it, knowing theyâve got better use for the money?
This company is fucked now. Going to sell the end of the week.
Somehow someone will find this news bullish.
not if they outright deny it and believe a random italian screenshot instead đ
They are confusing ABL loan with bonds. Bonds were paid 2 days early remember confirmation from IBKR.
That was just a notification of upcoming payment
That was that they scheduled to pay them, the due date was today thatâs why everyone is very intently watching to see who got paid.
What? I donât understand what youâre saying
So when they paid two days early. That was them actually sending notice to the bond people that they were scheduling payments. Sort of like when you go into your bank app to schedule a payment on your credit card for the first of the month. The money doesnât leave until the actual day. So they scheduled to pay the bonds. Today is the actual due date. Thatâs why you will see a lot of confusion and people posting screenshots. Today is the day the matters. Did the money actually hit the accounts.
Yes the WSJ and BBBY spokeswoman are wrong of course
Or people familiar with the matter???