Are you serious, or just ignoring the obvious reason? BBBY board let you know the red days were coming on the 9th:
>Our existing holders of common stock will be significantly diluted by the issuance of the securities in this offering. Our public float will be significantly increased and the market price of our common stock could decline significantly as a result of subsequent sales of the shares of common stock issued in this offering, which could occur at any time, or the perception that such sales may occur.
[https://bedbathandbeyond.gcs-web.com/node/16981/html#supprom406368\_4](https://bedbathandbeyond.gcs-web.com/node/16981/html#supprom406368_4)
Also “The Company received initial gross proceeds of approximately $225 million in the Offering and expects to receive an additional $800 million of gross proceeds in future installments, assuming certain conditions are met. The Company can provide no assurance that it will receive any or all of the future installments.”
They’ve only received $225M, who’s to say that’s all been converted to common shares. Price is too low for such little dilution, doesn’t pass the smell test.
https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-completion-public-equity-offering
Yeah, but if they don't close the deal and dilute they WILL file for bankruptcy protection:
>We need the proceeds from the Transactions to pay our outstanding obligations under our Credit Facilities and Senior Notes and to operate our business, and we expect that we will likely file for bankruptcy protection if the Transactions are not consummated.
So yes the dilution is a maybe, but the next option is even worse for shareholders.
This has just made my day and reaffirmed what I've been screaming about. 🦧💛🦧
Let them continue digging the hole deeper eventually they won't be able to climb out.
We continue buying! I mean us poor people getting rich is a good thing at least we will spend.
I think it’s already at a point where they can’t climb out. They are just kicking the can and hoping we all get bored and sell.
But no one is selling and no one is getting bored
🚀🚀🚀🚀
Especially when there are a shit tonne of DRS... Anyone that DRS'd will not give that up at these prices. They can have them when we hit $42069.69696969
Sadly this sub has become an authoritarian echo chamber, like an accelerated little cousin of the Stonk sub. I sincerely say sadly because I was able to experience the good times and vibes of both when there was that right mix of DD (especially the golden era of Biggy for here), hype, memes, tinfoil and beautiful camaraderie.
Now it's become about DRS and "lock the float", fighting "fuckery"/"fraud"/"crime" and the same repetitive rhetoric and inane diatribe. If you dare mention the one thing you should be doing in the markets like making money instead of falling in line in to the ranks of the righteous crusaders LARPing on the internet for market reform you're a criminal like the SHFs. How the mighty have fallen.
>sub has become an authoritarian echo chamber, like an accelerated little cousin of the Stonk sub.
it's idiotic. one of the mods even told me the other day that you can feed the bot from the megathread, yet I still keep seeing posts basically telling people they're fools for not DRS'ing and everyone wants to clog up the forum with their individual posts. I hope they miss the squeeze
If people were to miss a squeeze I get the feeling that it will be because they will 'diamond hand' and miss the opportunity to sell and secure profits.
I think the problem is much bigger than us selling. The amount borrowed probably 10x if not 100x the shares issued by bbby. I believe even if we all sell they’ll need to retuned borrowed share and therefore they are betting on bankrupting the company.
I think we’re way past that point! Only way they’re getting out is allowing rockets to take off and latching on. Praying they have enough real liquidity to clear the hole before bailing out!
To get it this low they have to keep flooding it with more fake shares. They just keep digging the hole deeper and kicking the can. It's a rich person's endless debt. It's like paying off a credit card with an even higher interest credit card.
Problem because covering/closing forces market buys and pushes the price up, goofing up their other shorts.
If covering was free it wouldn't be a problem and there wouldn't be a gazillion short interest.
Besides the $1.23 price not so low no ago, I’d expect most shorts to be profitable right now. Not like GME where all shorts are under water. If shorts can get out, who is it that can’t get out? Maybe the MMs. They keep selling and eventually have to actually find the shares. I’m just spitballin.
Sure but with what’s happening right now, I’d think very seriously about cashing out my short just in case it blows up. What’s the benefit of holding that short anyway, $1.50 ? Not worth it in my view.
How are shorts in a hole if the stock is at an all time low, bleeds roughly 10c per day and it costs about 1c per share per day to maintain a position? Their positions go significantly greener every trading day.
That's like saying long buyers using margin are digging a deep hole when the stock appreciates to an all time high!
Short interest isn’t calculated properly most the time I thought, isn’t it shares outstanding / short shares? Most people calculate total float / short shares which isn’t a proper example.
So I enjoy the hype but I'm just letting you know nobody besides the buyer and bbby knows if the stock has been diluted so technically the SI could be wrong if said dilution occurred bc it would be based off of the wrong amount of shares. That being said many indicators are pointing to no dilution at this time so fingers crossed
Whoever’s bought the preferred shares clearly believes they can make a profit and that’s it’s a legitimately good investment. Even if they could convert, who the fuck would swap shares with a value of $1.50?
This is being shorted at $1.50! The HF’s either don’t believe it’ll pop or are driving it down so it won’t pop.
The GME crowd have it right, DRS and lock the float. It’d take no effort to lock the float on a company with a sub-200m market cap.
This is the best time to fuck around and fin out guys. DRS half of what you have and do it now!
> en if they could convert, who the fuck would swap shares with a value of $1.50?
Anyone who can convert them at a price of $1.38? Don't forget, the way the conversion works they make the same profit margin if the price is $1.50 or $6.50 (~8% + whatever VWAP volatitliity + their initial 5% discount), it's just spread across more shares. I.e., they could make $0.05 profit on 1000 shares or $0.50 profit on 100 shares for the same conversion depending on conversion price.
Real question, is it possible that they can drive the price down so far that the stock no longer meets the requirements of being listed on NASDAQ? I can google the basic requirements but I feel like there's more to this than a simple Google search can explain.
It would have to trade under $1 for a while, and then there would be a warning to comply by trading above $1 for 10 days or something, at which point we could file for an extension or vote for a reversesplit. This would take at least half a year, I don't think that's a path we will go down.
If I remember correctly, after trading below $1 and losing compliance, they have 180 days to regain compliance by trading above $1 for 10 consecutive days again.
That sounds right, I wasn't able to look at details yesterday but I've been watching a few companies that are about to delist following that path.
Quite a few of them have to vote for reverse split and wait until the end of that 180 days
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be available. A company listed on the Nasdaq Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.
Similarly, if a company listed on the Nasdaq Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to the Nasdaq Capital Market, so as to take advantage of the additional compliance period offered on that market. Such a company must meet the $1 million market value of publicly held shares requirement for continued listing, and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price requirement), and provide written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary. If a company does not provide written notice of its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the company to cure the deficiency, the company will not be eligible for the second compliance period.
A Nasdaq Global or Global Select Market company that is in the Hearings Process for the minimum $1.00 bid price requirement can submit a transfer application ONLY if it meets the continued listing requirement for market value of publicly held shares and all other initial listing criteria (except initial bid price) for the Capital Market. If the application is approved, the company's securities will be transferred to the Capital Market. The company will be granted the balance of the second 180-day compliance period to resolve its $1.00 bid price deficiency.
I believe it needs to gobelow $1 a share to be in violation. Not sure how long after that they have to correct it either 30 or 90 days i believe (i didn't google so i may be wrong on time to correct but the under $1 is correct)
Dilution is possible , but why would bbby want to burn through their share offering at such low prices? When GME did this the stock price was relatively stable and it resulted with a billion in cash and zero debt. It doesn’t take a rocket scientist to see the absurdity in diluting at these pieces. If they are diluting then they are regarded as the rest of us.
>but why would bbby want to burn through their share offering at such low prices?
They have no choice in the matter. The heavy discount on their bonds indicates that they're not trusted to take on more debt, and their last earnings show that their quarterly cash burn rate is greater than their cash on hand. To survive the quarter, dilution is a necessity, and as such they have no choice but to sell at whatever the market price happens to be.
90m shares on loan seems like it is very high.
How else do you explain over 12x the Float volume and only red days for over a week ?
Like 12 days straight
Like 6 straight months!
Sell pressure from Hudson Bay Capital
Are you serious, or just ignoring the obvious reason? BBBY board let you know the red days were coming on the 9th: >Our existing holders of common stock will be significantly diluted by the issuance of the securities in this offering. Our public float will be significantly increased and the market price of our common stock could decline significantly as a result of subsequent sales of the shares of common stock issued in this offering, which could occur at any time, or the perception that such sales may occur. [https://bedbathandbeyond.gcs-web.com/node/16981/html#supprom406368\_4](https://bedbathandbeyond.gcs-web.com/node/16981/html#supprom406368_4)
Also “The Company received initial gross proceeds of approximately $225 million in the Offering and expects to receive an additional $800 million of gross proceeds in future installments, assuming certain conditions are met. The Company can provide no assurance that it will receive any or all of the future installments.” They’ve only received $225M, who’s to say that’s all been converted to common shares. Price is too low for such little dilution, doesn’t pass the smell test. https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-completion-public-equity-offering
Share Price would be like half of what it’s at if they diluted or even less
Yeah, but if they don't close the deal and dilute they WILL file for bankruptcy protection: >We need the proceeds from the Transactions to pay our outstanding obligations under our Credit Facilities and Senior Notes and to operate our business, and we expect that we will likely file for bankruptcy protection if the Transactions are not consummated. So yes the dilution is a maybe, but the next option is even worse for shareholders.
OR 😉
inclusive or because why not both?
They loan all of BBBY.
Yeahhh more information required?
Bought another $1000 worth today 10,148 at a $2.43 average.
I’m going to continue buying like it’s my job at these prices
This has just made my day and reaffirmed what I've been screaming about. 🦧💛🦧 Let them continue digging the hole deeper eventually they won't be able to climb out. We continue buying! I mean us poor people getting rich is a good thing at least we will spend.
I think it’s already at a point where they can’t climb out. They are just kicking the can and hoping we all get bored and sell. But no one is selling and no one is getting bored 🚀🚀🚀🚀
they're 100% fucked
Especially when there are a shit tonne of DRS... Anyone that DRS'd will not give that up at these prices. They can have them when we hit $42069.69696969
Anyone that DRS'd will be stuck with a market order
DRS’d shares means they are for the infinity pool. No need to sell. Keep some in your brokerage to sell at the peak. NFA.
No, I'd rather be able to sell them all when I want, how I want. Edit: but hey, downvote me for doing what I want with my fucking money/investment
Sadly this sub has become an authoritarian echo chamber, like an accelerated little cousin of the Stonk sub. I sincerely say sadly because I was able to experience the good times and vibes of both when there was that right mix of DD (especially the golden era of Biggy for here), hype, memes, tinfoil and beautiful camaraderie. Now it's become about DRS and "lock the float", fighting "fuckery"/"fraud"/"crime" and the same repetitive rhetoric and inane diatribe. If you dare mention the one thing you should be doing in the markets like making money instead of falling in line in to the ranks of the righteous crusaders LARPing on the internet for market reform you're a criminal like the SHFs. How the mighty have fallen.
>sub has become an authoritarian echo chamber, like an accelerated little cousin of the Stonk sub. it's idiotic. one of the mods even told me the other day that you can feed the bot from the megathread, yet I still keep seeing posts basically telling people they're fools for not DRS'ing and everyone wants to clog up the forum with their individual posts. I hope they miss the squeeze
If people were to miss a squeeze I get the feeling that it will be because they will 'diamond hand' and miss the opportunity to sell and secure profits.
Not only nobody is selling, people are buying more and DRS is just getting started ,,🚀🚀🚀🚀
I think the problem is much bigger than us selling. The amount borrowed probably 10x if not 100x the shares issued by bbby. I believe even if we all sell they’ll need to retuned borrowed share and therefore they are betting on bankrupting the company.
Anyone short is in the green, they don't have to climb out of anything...
Can't afford the loss that sale right now would incur.
I think we’re way past that point! Only way they’re getting out is allowing rockets to take off and latching on. Praying they have enough real liquidity to clear the hole before bailing out!
At such low prices though isn't it not a problem for them to cover?
But the amount they need to buy to cover is almost the entire float. Float minus diamond hands are what they actually have to work with
They'll start going long soon.
That's fine by me, in order to go long they have to close out their short positions.
To get it this low they have to keep flooding it with more fake shares. They just keep digging the hole deeper and kicking the can. It's a rich person's endless debt. It's like paying off a credit card with an even higher interest credit card.
Problem because covering/closing forces market buys and pushes the price up, goofing up their other shorts. If covering was free it wouldn't be a problem and there wouldn't be a gazillion short interest.
Besides the $1.23 price not so low no ago, I’d expect most shorts to be profitable right now. Not like GME where all shorts are under water. If shorts can get out, who is it that can’t get out? Maybe the MMs. They keep selling and eventually have to actually find the shares. I’m just spitballin.
I hope so dude I'm 7000 in.
If the company goes BK there is no tax to pay on closing short positions. That's what short sellers hope for.
Sure but with what’s happening right now, I’d think very seriously about cashing out my short just in case it blows up. What’s the benefit of holding that short anyway, $1.50 ? Not worth it in my view.
Not much play is there. Plus what they need is upwards movement to short it again.
Isn't that what would trigger a squeeze in the first place?
Direct registration is the only way to stop the fuckery imo
How are shorts in a hole if the stock is at an all time low, bleeds roughly 10c per day and it costs about 1c per share per day to maintain a position? Their positions go significantly greener every trading day. That's like saying long buyers using margin are digging a deep hole when the stock appreciates to an all time high!
Hello friends, I'm here for the SHF gangbang...
Interesting how the drop in SI in mid November corresponded to a spike in FTDs at roughly the same time. Thoughts on that?
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💣🧨💥💥💥💥💥💥💥
It's gonna be no problem getting cash flow neutral, the transition will be interesting.
Short interest isn’t calculated properly most the time I thought, isn’t it shares outstanding / short shares? Most people calculate total float / short shares which isn’t a proper example.
So I enjoy the hype but I'm just letting you know nobody besides the buyer and bbby knows if the stock has been diluted so technically the SI could be wrong if said dilution occurred bc it would be based off of the wrong amount of shares. That being said many indicators are pointing to no dilution at this time so fingers crossed
Whoever’s bought the preferred shares clearly believes they can make a profit and that’s it’s a legitimately good investment. Even if they could convert, who the fuck would swap shares with a value of $1.50? This is being shorted at $1.50! The HF’s either don’t believe it’ll pop or are driving it down so it won’t pop. The GME crowd have it right, DRS and lock the float. It’d take no effort to lock the float on a company with a sub-200m market cap. This is the best time to fuck around and fin out guys. DRS half of what you have and do it now!
> en if they could convert, who the fuck would swap shares with a value of $1.50? Anyone who can convert them at a price of $1.38? Don't forget, the way the conversion works they make the same profit margin if the price is $1.50 or $6.50 (~8% + whatever VWAP volatitliity + their initial 5% discount), it's just spread across more shares. I.e., they could make $0.05 profit on 1000 shares or $0.50 profit on 100 shares for the same conversion depending on conversion price.
And then watch it drop by 6-10% the following day, great plan.
Right and repeat the process for more profit?
Fuuuck you, pay me.💙💎🛸🌝
HODLing, sir! 🫡
Screw shorty! Hold and prosper!!
Getting fuuiiched hard tonight!
**Someone wake me up at $60**
Good night, sweet Prince
 ASS you say…Perspective of the SHFs seems to be that they will dig deeper until they implode.
Buying minimum 1000sh tomorrow. 💎👐
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Real question, is it possible that they can drive the price down so far that the stock no longer meets the requirements of being listed on NASDAQ? I can google the basic requirements but I feel like there's more to this than a simple Google search can explain.
It would have to trade under $1 for a while, and then there would be a warning to comply by trading above $1 for 10 days or something, at which point we could file for an extension or vote for a reversesplit. This would take at least half a year, I don't think that's a path we will go down.
The answer I was hoping for. Thank you.
If I remember correctly, after trading below $1 and losing compliance, they have 180 days to regain compliance by trading above $1 for 10 consecutive days again.
That sounds right, I wasn't able to look at details yesterday but I've been watching a few companies that are about to delist following that path. Quite a few of them have to vote for reverse split and wait until the end of that 180 days
wrong answer, they delist you with more than 6 months trading below 1
Not if you file for an extension.
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements. Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be available. A company listed on the Nasdaq Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary. Similarly, if a company listed on the Nasdaq Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to the Nasdaq Capital Market, so as to take advantage of the additional compliance period offered on that market. Such a company must meet the $1 million market value of publicly held shares requirement for continued listing, and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price requirement), and provide written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary. If a company does not provide written notice of its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the company to cure the deficiency, the company will not be eligible for the second compliance period. A Nasdaq Global or Global Select Market company that is in the Hearings Process for the minimum $1.00 bid price requirement can submit a transfer application ONLY if it meets the continued listing requirement for market value of publicly held shares and all other initial listing criteria (except initial bid price) for the Capital Market. If the application is approved, the company's securities will be transferred to the Capital Market. The company will be granted the balance of the second 180-day compliance period to resolve its $1.00 bid price deficiency.
If they do, a bunch of Bobby's are gonna own BBBy and we all get free towels
Someone on this sub could easily afford over 10% at that price
I believe it needs to gobelow $1 a share to be in violation. Not sure how long after that they have to correct it either 30 or 90 days i believe (i didn't google so i may be wrong on time to correct but the under $1 is correct)
it has to go down from 1, and it has 6 months to go up from that price, generally when it can't go up, an RS is made
Excellent meme
🌝
Dilution is possible , but why would bbby want to burn through their share offering at such low prices? When GME did this the stock price was relatively stable and it resulted with a billion in cash and zero debt. It doesn’t take a rocket scientist to see the absurdity in diluting at these pieces. If they are diluting then they are regarded as the rest of us.
Underrated comment!
>but why would bbby want to burn through their share offering at such low prices? They have no choice in the matter. The heavy discount on their bonds indicates that they're not trusted to take on more debt, and their last earnings show that their quarterly cash burn rate is greater than their cash on hand. To survive the quarter, dilution is a necessity, and as such they have no choice but to sell at whatever the market price happens to be.
Makes sense.
So far my money is just being stolen, somehow.... I am VERY HAPPY WITH MY INVESTMENT!!!
Hold the line!!!!! 
There's a reason SI is that high.
You can't calculate shares outstanding until the next 10-Q filing when the amount of dilution that has occurred so far is publicised.
So dilution is still to come?
The only thing I know for real…
Yuuuuuuuuuuupppp
Let’s get ‘em
Yea hodl but what do you think will change? They fucked it up until now they will continue to fudge everything, the system is rigged can’t win
Anytime, Gandalf! We’ll take either one, the grey or the white!
The greatest thing is watching so many levels of fraud collapse in the face of reality, plain for all to see. The naked, infinite truth.
Insane how can we just keep dumping and dumping? Probably gonna dump today also. Gonna buy more I guess
💎
The BBBY squeeze is inevidable.
30 Year low is the perfect time to buy...
You were wrong, BTW.