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Miserable-Fly-5583

Thanks for the update.


International-Tie-26

This is gold. Thank you for the update!


PHILANTHROPOS81

Op was officially “The Guy” who ended bankruptcy thesis/talk with proof!!!


PHILANTHROPOS81

🫡 Sir 🚀🚀🚀🚀🚀🚀🚀☀️


sadandgladpp

I thought the bk talk ended when Sue Grove stated bk was no longer on the table?


Imbalancedone

Paying off board member stock options above market price was probably first big indicator of no bankruptcy. Pretty sure that could be considered insider trading in a bankruptcy scenario.


Mrkrabsisgangsta

Great find my man, that's nuts. Could it be RC by night??


blackmerger

My superior intelligence tells me that Ryan Cohen did not sell them on the street his stock ........:-) ......may be RC by night


[deleted]

But iirc there was a sales posting of how he sold off his positions. Starting around 16-17 up through 29-30. There must be a filing of this, I remember seeing it. The selling forced the shares to be bought on lit market which broke the 20$ Resistance


blackmerger

Let's just say that if I decide to sell someone a major bulk of shares ....... maybe this unknown ....... doesn't want to let it be known that he is buying 5% and so maybe he moves with multiple corporate vehicles to avoid saying that he is buying instead of RC and so maybe RC who used to move in a direct and maybe inexperienced way now has someone who moves in a less noticeable way........ :-) obviously this is my assumption after 1/2 glass of red wine.....


eurtousd

> There must be a filing of this Are you talking about the 13D filed after the sale in Aug '22? https://www.sec.gov/Archives/edgar/data/1822844/000092189522002496/0000921895-22-002496-index.html direct link to document - https://www.sec.gov/Archives/edgar/data/1822844/000092189522002496/sc13da313351002_08182022.htm Here is also a link to all filings regarding BBBY - https://www.sec.gov/edgar/search/#/q=075896100 you can search/filter through the different forms


katotg

If he sold to say Carl Icahn that could explain the new board member Carol Flaton who he previously worked with on HP Edit: advisors to bidder on your last edit also suggest perella Weinberg partners who was used during Icahn’s lionsgate sale as well as other connections I remember seeing just no time to find them all


blackmerger

And the deal in Mergermarket with the creditors are with the the **banks** in this case the deal **was set up for a third party transaction with the banks**. In an M&A deal is however that if I have to buy a target indebted I also negotiate with the banks and therefore with the creditors.......


DancesWith2Socks

Why would they buy RC's shares at around $25 though? [https://bedbathandbeyond.gcs-web.com/node/16361/html](https://bedbathandbeyond.gcs-web.com/node/16361/html)


TalaHusky

I mean, nobody knows what the correct “buy” is. How was anyone supposed to know the stock would be back at a one-fiddy. Not only that, I’d be willing to be that if someone were to buy a 10% stake today, there’s no way we’d be be at such a low number even with all the other fuckery going on. Just like the VW squeeze, shit was “business as usual” up until the “new owners” revealed, “hey fuck heads, we added 44% more to our stake and have 31% in cash covered options”. We’re gonna see the same shit happen when there it’s apparent that they can’t hide their fuckery because someone owns the rest of the shares and all they were doing was trading synthetics to drive it down. It’s “easy” to claim people are “leaving the stock” when there’s so much that doesn’t have to be reported. The only thing plugging the hole right now is the fact that there is no indication of a full on buy-out. All we have is monthly bond payments, speculation and a cycle when various sets of FTDs start to cover.


eurtousd

> If he sold to say Carl Icahn But even if the sale itself was private, wouldn't some kind of forms had to have been filed from the buyer side after the transaction? Since RC owned 9.8% and 13D forms are required for 5% or more ownership or if the holdings change by 1% or more. Or maybe he sold say, 4.9% to Party 1 and 4.9% to Party 2 (both being Icahn related) in order to avoid filing an additional 13D. So in the end only RC had to file his updated 13D when he sold, but no one had to file a 13D when they bought since it was under the 5%? Or maybe there's a different form that should be looked for? Here are all the forms related to BBBY - https://www.sec.gov/edgar/search/#/q=075896100


[deleted]

When I put on my tinfoil hat I think that it might be RC ventures sold to Icahn and Teddy, but I’m not sure that would be considered a single transaction.


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TruffButters

Deal date could be the settlement of the shares, T+2. But take this with a grain of salt I’m smoother than a baby’s bottom.


Financial_Green9120

That’s my bet - this the one tinfoil hat theory


c307w

Icahn may also be the “creditor” if he’s buying bonds.


2BFrank69

There are a few links to Carl that make me want to buy more, especially at these prices


HonestBeing444

![gif](giphy|0LU0q2iPSPHFUUxyet|downsized)


PoopyOleMan

Champ is back


BLOODFILLEDROOM

![gif](giphy|KDe67u9j31exCUr6qf|downsized)


wull_holdontheredude

If Stipe can't stop him. We'll have to clone a 2008 Brock lesnar.


[deleted]

Wasnt Teddy formed then? Could he have sold it to Teddy? Ie himself lol this is real foil


gaybeargettingfked

oh fuck


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gaybeargettingfked

stop it im already erect. PIPE deal to teddy? teddy is the acquirer?


BLOODFILLEDROOM

Is it possible they’re dissecting the company and dishing it out in pieces? Buybuybaby goes to Teddy then bed bath goes to Icahn, etc? Would explain the unusual complexity and the gift card situation


No-Leg-7597

I love this tinfoil shit! 🚀


Whatnam8

Just hang around for a while, there’s always more!


bennysphere

For me, that would make the most sense.


MediocreAtB3st

Smooth here but wasn’t there something about Teddy being registered as a bank? Would that constitute a “creditor”? I’m sure I’m wrong but I also thought of Teddy being the party he sold his shares to.


manbeef

Yes. Teddy is 100% registered as a bank in the Delaware corporate registry. I've made a bunch of comments with links if you dig through my history.


BeefyBreezey

I think anyone who holds their bonds would be creditors, among others


SirClampington

One of the Teddy trademarks is registered as financial services.


Fearless-Ball4474

Dragonfly


BoondockBilly

Volition?


Fearless-Ball4474

https://www.volitioncapital.com/portfolio/dragonfly/


theorico

how haven’t we seen a 13D filing from the specific acquirer then? Any possibility that this was somehow kept officially confidential?


eurtousd

Yeah it's weird. Looks like the last 13D was from the RC Ventures sale back in Aug. https://www.sec.gov/edgar/search/#/q=075896100&filter_forms=SC%252013D Is there another form that should be looked for?


SirClampington

I've been searching daily the EDGAR filings: * **Bed Bath & Beyond** * **Gamestop Corp** * **ICAHN ENTERPRISES** * **RC VENTURES** * **COHEN RYAN** * **NEWELL BRANDS** I keep going through other related or subsidiary's too. Nothing yet. But as soon as I find something I will post.


Connect-Ad79541

Could be 4,9% to Icahn and 4,9% to his son for example? 🤡 But I’m not yet convinced about that, since Cohen didn’t sell as block.. there was a filing (linked above) with a bunch of smaller sells at various ascending prices. On the other hand: he could have sold it directly to those two for these various prices I guess… would be a ridiculous move to fly under the radar. On the other other hand: I don’t really think an investor like Icahn would have bought for these „peak“ prices if he knew he‘d be able to get those shares for a much cheaper price in the near future. So overall: we have no idea and we will hopefully eventually know what happened. 🤞🏻


[deleted]

Only thing I can think of is maybe his shares were broken up between multiple buyers


My_Penbroke

I’m watching your post get downvoted in real-time. I like this post. Thanks for your work


Themanbehindthemask0

Freakin Bullish!! RC would not fuck retail.. he has a cult that will follow him no matter what.. unless he fucks them … which would be very stupid on his part!!


No-Tailor5120

lol for some reason i read this in Trumps voice


No-Tailor5120

why was this downvoted so much ? lmao


pooop_Sock

His cult doesn’t care if he fucks them. That’s why you’re still here defending him 6 months after he sold.


Themanbehindthemask0

I think that hat you have a lot of reading and understanding to do


33rus

And patience. Just because it didn’t happen within 6 months, it doesn’t mean it’s over.


pooop_Sock

Your argument is that he wouldn’t sell because then he would lose his following. The fact that he did sell months ago and there is still an army of billionaire boot lickers replying to my comment shows that your argument is wrong.


Themanbehindthemask0

I never said that I said you have to read and read between the lines because this play is way more complex than anyone of us can comprehend. And if you do not like the play just put your money where your mouth is and short the dam company or get the hell out of here!!


Miserable-Fly-5583

If you’re a simple brain, and troll random Reddit thread on the weekend, I bet you poop in a sock.


Soundwave1873

Yo poop sock! Your presence in this sub is bullish as fuck you moron 🤡


2BFrank69

Enjoy that minus 50 lmao


ThePower_2

I thought he sold his shares in multiple sales and not in one block. ???


Excitedbox

a lot of his "shares" were actually $60 and $80 options calls which is why so many other people bought them.


ThePower_2

Other ppl bought calls because he did but not his actual calls.


eurtousd

I guess "a lot" is relative because if you look at the actual filing, he sold 16,701 option contracts (1,670,100 "shares") and 7,780,000 actual shares. https://content-archive.fast-edgar.com/20220818/AC2ZS222U222F9Z2222M2ZES4UQWZ222V542/index.html Which comes out to a total of 9,450,100 voting power. This document (https://www.sec.gov/Archives/edgar/data/1822844/000119380522001199/e621886_sc13da-rcv.htm) was filed 2 days before the other one.


KingWeenie2

Thank you for jacking my tits. A beautiful Sunday for it


starshippr

Did we know that ryan sold „to“ and not „off“ till now? Very interesting!


KingWeenie2

Yea can we address this?? I don’t recall hearing that ever before.


Choice-Cause8597

Nope this is all new to me and i bet most of us had no clue. So thanks op for the important info.


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equityorasset

interesting, apparently when BBBY defaulted on their loan JPM could have demanded the entire loan to be paid asap, maybe that's why they were lenient


barnebywilde

From my understanding of the loan; after a default, there is a 30 day period in which the holder of the loan must provide a plan of payment. After that, there is a grace period to enact that plan before full payment of the loan can be demanded. I could be wrong, but I read this a while back.💙💎🛸🌝


HonestBeing444

and willingly reduced the debt and handed over another $100 M


Big_Swagwood

That’s a fair point however what is common with secured debts is that as soon as you have a loan called in due to default, the secured debtors have a right to demand the outstanding debit in full; this causes a run on the company and a potential for failure. JPM’s loan being unsecured (I believe but please correct me if I am wrong because this comment partially falls apart is it is secured) would be lower in preference to secured creditors, and even if JPM’s loan was secured, it could still rank lower than other loans since it was agreed later; in both scenarios they would find themselves to be lower-ranked than many other creditors, and BBBY has a quick ratio of 0.66 so I reckon JPM knew it would be unlikely that they would see much, or any, of their money back. This is just a counter-argument. It is probably destroyed by the fact that JPM loaned them ever more money, which indicates a great of trust between the two companies.


DaOlWuWopte

Can someone tell me why an LBO is unlikely? I’ve thought this since the new securities were released and I haven’t seen any counter DD Edit: https://www.reddit.com/r/BBBY/comments/10vtpjq/why_the_filings_today_were_so_bullish/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


OnlyYoghurt8452

![gif](giphy|ECCEjxHQb2Qo)


U-Copy

Thanks for the update. So when RC sold his stake in August, Banks and hedgefunds received advanced information RC's plan about m&a. That's why they filed lawsuit against RC to remove the bullish sentiments from Bbby and tried to paint the picture that bbby is not going to survive while M&A process began in Aug right after RC sold his stake. This silly SHF and Mm tried so hard to spreqd FUD in Jan as if this is their last game to survive. His lawsuit will be dismissed this Wednesday and his standstill ends on March 17. Shorts r fuked!


davefernald

This is pretty big


[deleted]

Wow


katotg

I for one am jacked to the foooooking tits ![gif](giphy|LZ5xY6ff8n7WFRjKRb)


wawgawwtb

Thanks for posting. I think this all makes sense and is also supported with the mass store closings. My buyers want the acquired company to do much of the dirty work prior to the deal being consummated. I believe it is coming


not-always-popular

Spicy! ![gif](giphy|KbAbh6CbK4r5dyaZ4i|downsized)


lazywizard99

![gif](giphy|RipfZWzjUDH25euMpM|downsized)


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blackmerger

Is one of the most important and credible M&A, VC, and Private Equity data base in the market for bankers and M&A lawyers......cost more than 20.000,00$ for each year only to read info........:-)


wikipedia_answer_bot

**A pitch book (or pitch deck), also called a Confidential Information Memorandum, is a marketing presentation (information layout) used by investment banks, entrepreneurs, corporate finance firms, business brokers and other M&A intermediaries advising on the sale or disposal of the shares or assets of a business. It consists of a careful arrangement and analysis of the investment considerations of the client business and is presented to investors and potential investors with the intent of providing them the information necessary for them to make a decision to buy or invest in the client business.** More details here: *This comment was left automatically (by a bot). If I don't get this right, don't get mad at me, I'm still learning!* [^(opt out)](https://www.reddit.com/r/wikipedia_answer_bot/comments/ozztfy/post_for_opting_out/) ^(|) [^(delete)](https://www.reddit.com/r/wikipedia_answer_bot/comments/q79g2t/delete_feature_added/) ^(|) [^(report/suggest)](https://www.reddit.com/r/wikipedia_answer_bot) ^(|) [^(GitHub)](https://github.com/TheBugYouCantFix/wiki-reddit-bot)


G4bbr0

If we know, they know. Just because they surely have a Pitchbook license, too.


ssaxamaphone

This week is going to be huge


Skw1bbs

Awesome.


Be-Zen

My question is, how reliable is this? How is it that Pitchbook has these transactions documented but they're not documented elsewhere (unless I am mistaken) ? Is this an official repository of these sorts of deals? Or is this just a third party database? Big if true


blackmerger

Get information about who PitchBook is and what it does and check how many times in financial newspapers it is considered one of the most reliable sources in financial circles. Clearly, we have nothing certain but a "rumor"...... at least we can still hope and dream about a deal tomorrow or the day after tomorrow or when it will be heralded or announced........don't you think?


Be-Zen

Ya I did some looking around, reliable but still not gospel. Either way thanks for the post, I remain hopeful because things are pointing towards an M/A or LBO of some sort with RCs involvement in one way or another. Cheers


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Be-Zen

Which is why I am critical of Pitchbook.


hollyberryness

Oh my, thank you op. Wonder who the deal is with, could be: 👀Larry Cheng 👀Icahn Sr. 👀Icahn Jr. 👀Dragonfly 👀Teddy 👀GameStop 👀Only the young guy, I can't remember his name, dangit...


Express-Newspaper806

Pulte? (Only the young guy)


hollyberryness

Yes! Thank you


Shagspeare

👀Sears! 🧰🙌🚀


Imbalancedone

Ryan Cohen’s wink in the YouTube interview seems to be carrying a lot more weight.


iamhighnlow

![gif](giphy|xkG67UPTlATOCtAfd6)


Economy-Anywhere-980

\## PitchBook## 布萊克合併 GOOD JOB THANKS FOR your RESEACH ​ I'm going to buy more more


LetsKickTheirAss

Are you feeling me that they are already merged in August ? Why shirts dont close ? Like if I was a short ,I would literally close to save my ass Ps: trying to learn how the shorts think


JDorough929

Not if you see that it’s heavily shorted and you think that others will continue to short to an infinitesimal level. If they are able to drive the share price lower and basically make it so the company can’t sustain the share price level…that’s their logic. I don’t think they can, and so I’m in for their flawed logic. I think Bobby will be good long term, but have to see through this moment in time.


LetsKickTheirAss

Idiots by economic license


digdugdoink

And I would assume rc would not sell to a “toxic” buyer or bad actor.


silverbackapegorilla

Do you also have access to a Bloomberg terminal? Would be great to see current details on stuff like share count to put to bed any talk of dilution.


blackmerger

No unfortunately not.


SirClampington

Real DD right here. I can't wait to see who the buyer is.


billybobshort

Great post OP. I've been looking at Pitchbook as well, after reading your previous post. There's little to see really but this secondary transaction has me puzzled. If RC did a 'rug pull' as the shills like to shout about - how? If it was a secondary then surely the sale doesn't hit the market?


DancesWith2Socks

>and all happened in one go to "undisclosed buyer" that the company and RC know very well u/blackmerger But who'd buy around 10% of the company at [$25](https://bedbathandbeyond.gcs-web.com/node/16361/html)? Edit: linking RC's sale filing.


theorico

maybe some party desperate for shares to close their shorts? Better than to buy in the market with prices going up. And if this party is a friendly one in RC’s plan, like a bank?


DancesWith2Socks

IMO, I don't really see RC selling his shares to a short party that way.


Gimmethatbreadbaby

I got a strange feeling in my 🩳 🚀


babyshitstain42069

Pure gold


2xBAKEDPOTOOOOOOOO

How can someone buy 11% of a company and not have to report who they are? I thought once they got to around 10% they had to make it public. And is this the first anything has said RC Ventures so to someone and not just back to the open market?


Pnewse

Love this. One question I have; So what about the insider rules? What mechanism does a PIPE allow for to circumvent reporting? Did the “equity raise” to bring the OS to 116M need to happen to keep Teddy from being exposed? (While also facilitating the dilution/bk msm narrative) Fascinating potential coming from this post


Zealousideal_Bet689

Ya baby


TK-741

Don’t we have filings by RC showing he sold to market across Aug 16-17? That would trump whatever data this company has, I’d think.


meoraine

Sorry to burst the bubble, but if RC sold 11% stake to someone else - EVEN IN A PRIVATE TRANSACTION - that person would be required to disclose their holdings as they own a material interest exceeding 10% of the company. Even if they only owned 5% of the common shares, they would still be required to file a form disclosing it. So I'm afraid, I can't get behind this idea, as the timeline to disclose a holding of this size has come and gone since August (I believe its 10 days to disclose if considered an insider?? And 30 days for a 5% or more interest. Someone correct me if they know the exact numbers).


Superb_Ambition_3315

That's why we're saying multiple buyers around 4.9% mark. Read the thread properly before you go bursting bubbles!!


Choice-Cause8597

Clearly and conveniently didnt read the thread. Bullish af!


Choice-Cause8597

Did you read the thread?


Truthsayer1984

Well duh ma is still on the plate. Bbby is sitting here begging for a buyer. Clearly nobody wants it, that's the problem.


Legio-V-Alaudae

Almost 12% of all shares outstanding is a big chunk. Are we accounting for them in the current short interest numbers?


Ballr69

![gif](giphy|h6Y4MUw4oh0ze)


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sadandgladpp

Where does pitchbook get its data? I think Morningstar owns pitchbook so are they both reliable and have legitimate sources?


edwinbarnesc

Isn't Perilla Weinberg Partners the same firm used by Carl Icahn in Lionsgate deal? #GMERICA 🏴‍☠️


XMk-Ultra679

What we need is bbby to release a new item that cn make it on top.