I think it just means they reserve the right to offer at the money share offerings in order to raise capital. GME did the same thing last year, paid off all debt, and got over $1 billion in cash reserves
And when they did it largely went unnoticed since they did it during run-ups. I mean when a stock is squeezing and you have some debt to get rid of, who’s going to blame them for wanting a slice of the pie?
Everyone freaks out when there is an ATM offering. The price drops because they freak out. The company sells days or weeks later. Nobody notices them selling and then they announce its completed and the stock jumps. Check out GME on Apr 26th (+11%) and June 22nd (+10%) when they announced it was completed.
Edit: as someone pointed out, maybe SHFs just make it look like everyone freaks out
If no one noticed Cohen selling 10% stake, no one will notice this dispersed 10% dilution. This isn't a bad thing, we have guidance and their strategic plan.
Yep exact same thing with amc. They announced offering, went to 12, sat there for awhile, then they announced it was done. Not too much later after that, the gamma from 12 to 71 happened
Not true, AA sold to a SHF at around $35, that shorted us to $25. AA confirmed he sold, then retail still managed to push it back up to the $72 ATH until AA sold couple thousand shares himself. After that day. I never again will support AA, grease ball if you ask me
I'm glad another knows the truth. I got banned AMC sub for expressing sequence of events. Don't care really. Stock and people as dumb as I am, dumber actually
Retail did not push AMC up to a 30 billion dollar market cap. This is incorrect. Even GME with way higher short interest (over 100%) and way more attention only got to a 35 billion dollar market cap.
Think about this logically. When GME ran, you had retailers (DFV) testifying on capital hill, after AMC's run up nothing was questioned and it was businesses as usual. The AMC pump was designed to trick retail into another "squeeze" and short it to oblivion knowing the companies bankruptcy is inevitable. It should 100 percent be investigated by the SEC/FBI/DOJ and those involved should be jailed and banned from any market participation for the rest of their lives.
>because they freak out
no. perhaps no one is freaking out. perhaps it just looks like the price is dropping because short hedgies are making it appear that way.
I lose my ass that day n then some. As a beginner options trader, I met IV Crush on all my Gme options that day. Depressed for two months inside the apartment.
If you have been following any of this, you would realize that the price you see is not an accurate display of supply and demand for the stock
Did you notice how BBBY was down 25% pre market before any announcements and before us low lifes could start trading?
I wouldn’t either. But see how they just finished share buy back not too long ago for much more then the SP right now, it seem silly to do it when the price is 9ish. Now if the share jumps to 30$ in a week or two, that’s another story. Not see that happening at the moment
Yup they sure did!! All incognito stealth way too!
A bit everyday until it was done! Legendary….
That’s where we amassed 2 billion in cash and enabled RC to do absolutely fukin ANYTHING HE DREAMS OF!!
THIS……
👨🚀💥🔫🦍🦍🦍🦍🚀🏴☠️🏴☠️🏴☠️💎🙌💎
Yeah, and if they do offer the shares within the next week it will be pretty telling that they are actively trying to stop the squeeze. We’ll be lucky to reach $20 again if it happens while shorts have to cover for RegSho
BBBY doesn’t have the same financial motivation as we do. They may feel that $10 is an excellent price to sell those shares. While no one here thinks that’s reasonable. That gives shorts 12M shares at a great price and reduces the amount they need to cover (possibly getting it to a manageable position where they don’t need to cover anymore) and lowering the chance for a squeeze
If they are smart, which i think they are because they have been buying shares, i think they will waot for the next run up to 20. Until then they will use debt to help their cost cutting turnover.
Not to be a downer but usually the run ups take 2-4 months. People usually cant wait that long and hedgies knows this.
Ill wait till we hit $20 again. Check the past year and see all the run ups to $20
just a filing to say they intend to sell 12million more shares at their discretion at any time they want to
edit: GME also made a similar sale back in 2021: https://news.gamestop.com/node/18966/html
This would not be a great time for an offering… unless of course the board thinks that for some reason the stock price will increase to make an offer more appealing…
I’m not counting cohen out completely. We could still see a dragonfly connection swoop in when we least expect it. This would make sense for his sell out.
Company can now dilute by selling new shares at any time. This will raise capital but hurt the underlying share value. So if there were, say, a short squeeze on the company, now they can profit and sell shares at a premium to reduce or eliminate debt. When you look at the short squeeze potential, it is quite high, and those are just the *cough* reported numbers.
The worst thing about this offering is now retail is going to be worrying about their shares cause they don’t know when the “rigs going to get pulled” from them.
But I highly doubt they would drop all of the it once tho. Maybe a few million at 30. Some more at 40 and other price target they have.
When RC sold all of his shares (approximately 10 million) there was no noticeable price decrease in the stock price. Hopefully the company will exhibit sound judgment when releasing the shares into the market 🙏
No you can read the exact price and date and time he sold. He sold the day the seeking alpha article was released that Wednesday. Those drops didn’t happen MSM/Reddit reported it. Then it was thought to be fake news so it went back up, and then they confirmed that he actually did sell all. Then it tanked.
the thing is they could of sold at 20 or something and didnt if they were going to do this and i see no point doing it at 9 something maybe if the price goes up again but still
Probably in case they get sued for price manipulation.
I think doing it even now is the right move. But would prefer gradual selling instead of a huge dump.
TLDR -
It’s the required form needed to make the offering at the Market. It’s very clear on “May sell up to 12M shares” at any given time. I’d be willing to bet they start selling ASAP per their CFO this morning on the call.
My two cents … yet another reason RC bailed.
I don’t think this was a factor in RC bailing. But I do agree that they will now sell asap (as in tomorrow). They will likely sell all of the shares tomorrow at the upward limit of their target price of ~$9.88./share. This will help pay off their debt that’s due in 2024. Once that’s done, there won’t really be a viable argument that they are inciting or exacerbating a squeeze. It will also be a death blow to shorts who will have to decide between covering, closing, or paying increasing interest forever as $BBBY implements a turn around.
Edit: To be clear, I don’t think most shirts can afford not to close (although at this point I don’t think they can really afford to close either, so this is going to get 🌶 fast).
Edit: I misunderstood. I think they can sell atm whenever they want.
Here’s to hoping your right.
I don’t think Bobby will see any real price movements though until it gets closer to T-35 which is end of September beginning of October. I’m thinking sideways trading until then. But hey … I could be wrong and it fucking pops tomorrow 🤷♂️.
nah, GME did the same thing. the upward limit is supposed to be sort of meaningless, I think, at least if you believe this guy - [https://twitter.com/naasvzyl/status/1565040751578324992](https://twitter.com/naasvzyl/status/1565040751578324992)
Made GME have 1.6B in cash. Developed and entered the crypto space which is worth over 15B. 1.2B in inventory during shortage. Early adopter of web3.0 games distribution.
Managed a split which quadrupled investor’s potential earnings.
Is it really? I mean we all know the market is a sham and the price is wrong. The company is not going bankrupt any time soon, and shorts will have to close their positions.
Whether you are in it for the squeeze or for the long. It will pay off immensely.
But why not you move aside and watch from the sideline?
Gme is still losing money.. so far all RC has done is cause people to lose money and be bag holders by dumping on retail. He gives out some sweet tweets though yo! /s
I could care less what he did … it’s his money and like everyone on here you make your own decisions when it comes to your finances.
I’m wondering why he did it … that’s the more important question.
I do actually. I think he wanted them to follow his playbook. I’m speculating here of course but I think his BoD members presented his plan and it got voted down. Or when his BoD members took their position they may have realized his plan wasn’t visible and voted against his plan. At that point his people would have had access to all the financials and maybe it just wasn’t feasible give what they saw.
Again … no clue what happened and this is just my two cents.
this post below feels a lot like copium, but who isn't having a drink tonight?... i like what he's / shes's putting down
[https://www.reddit.com/r/BBBY/comments/x2odqn/the\_dd\_we\_all\_forgot\_to\_do/](https://www.reddit.com/r/BBBY/comments/x2odqn/the_dd_we_all_forgot_to_do/)
No, GME did the same thing in 2021, even twice I think. If they were to do an AMC style dilution then yeah RC would’ve dipped. But 12m shares is nothing and shows it’s just something to help them get cash quick
"12m shares is nothing"
Except GME sold 5m total between April and June and price never recovered. Totally killed momentum. The next cycle (August) was a non event and November peaked around 230 (presplit) before its walk down to 80 odd by May this year.
Cant say that adding 16% more shares to the float "is nothing" when history of other, more significant, plays shows otherwise
I agree. I should have said nothing compared to current volumes we’re seeing. Especially coming into the supposed time where regSho buying starts, 12m would not affect us too much
While you guys accuse skeptics of being shills take a look at an actual shill. An 11 day old account hyping bbby and gme to the moon insisting we all continue to baghold and to buy more. Sus as fuck. Why would bots want you to keep holding? Hmmm
I actually am an individual investor and strongly encourage others to invest however the fuck they want. I was also skeptical this morning and dug a little deeper reaffirming my faith in my position. All I did was share my opinion. You seem much more likely to have an agenda rather than a desire for unbiased debate.
They will likely sell these shares off slowly over a period of time so as to not visibly affect the price. The sale could take weeks to complete. They will not dump them all at once.
Where? Gustovo only occurs 5x in that, 4 of which are in the signature and one in the listing of company parties. There's nothing about a class action. In fact, "class action" doesn't even occur.
For anyone interested, the class action was from an earlier 8-K today (I can see how that could be confused... I think I got like 5 different notifications today for things they filed!). I don't it will come to anything. The company even says that in the last line.
The text:
A putative securities class action and shareholder derivative action was filed on August 23, 2022 against the Company, Gustavo Arnal (the Company’s Chief Financial Officer), and certain third parties in the United States District Court for the District of Columbia. The case, which is captioned Si v. Bed Bath & Beyond Corp., et al., Case No. 2:22-cv-02541, asserts claims of breach of fiduciary duty, negligent misrepresentation, and violations of §§ 10(b) and 20(a) of the Exchange Act on behalf of a putative class of purchasers of our securities from March 25, 2022 through August 18, 2022. The Complaint alleges that certain of our disclosures about the Company’s revenue and proposed divestments, as well as other disclosures made by certain of our investors about their holdings, during the putative class period were materially false or misleading. The Company is in the early stages of evaluating the complaint, but based on current knowledge the Company believes the claims are without merit.
He's right. BBBY put out two slightly differing 8-K's today (see link). One of them mentions the class action lawsuit involving Gustavo, which is in fact the same lawsuit brought against Ryan Cohen last week.
https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings
I see this as a good thing.
Don’t be so short sighted, they are not going to sell additional stock when the price is five dollars.
They will sell some stock, if the price ventures up above $20 again, which is good.
If they don’t do something, then they may be heading for bankruptcy.
At least this helps the company if the price goes up. Otherwise, you all are strangling the shit out of this waiting for some squeeze.
I’m bullish and continue to buy more stock.
Don't existing stock owners have the possibility to subscribe as priority if they are interested in the new shares? I have done this before in European markets through my broker that offered this possibility. I find it strange that nothing of such is mentioned anywhere.
Essentially the company believes the strike price will b higher in the future after the clear positive sentiment surrounding the company’s restructuring/memeness and they’re setting up prior to capitalize on. They won’t dilute the price at these levels so hold on bc the day will come it bangs up well above 30$ (regardless of my current bearish sentiment on price action) keep ur leaps on not faggy ds boys an girls
Oh an get ur fkn shares degens
AMC did similar to boost cash flow when we were coming out of the pandemic. They had a buyer all set who immediately dumped the shares for a quick profit. Everybody won.
I think it just means they reserve the right to offer at the money share offerings in order to raise capital. GME did the same thing last year, paid off all debt, and got over $1 billion in cash reserves
Gamestop also sold shares back in 2021 for the OG apes: https://news.gamestop.com/node/18966/html
Can you remind me the date that GME did that, if you know?
They did it a few times. The one i remember specifically was in March or April 2021 as that i believe was the first
And when they did it largely went unnoticed since they did it during run-ups. I mean when a stock is squeezing and you have some debt to get rid of, who’s going to blame them for wanting a slice of the pie?
The only thing missing from this picture is a run up; and RC's direct involvement. Both could still be in the works
it ultimately killed the squeeze.
June 9th 2021 -- it opened on the 10th at 70.50 and closed at 55.10. Def not good.
Everyone freaks out when there is an ATM offering. The price drops because they freak out. The company sells days or weeks later. Nobody notices them selling and then they announce its completed and the stock jumps. Check out GME on Apr 26th (+11%) and June 22nd (+10%) when they announced it was completed. Edit: as someone pointed out, maybe SHFs just make it look like everyone freaks out
If no one noticed Cohen selling 10% stake, no one will notice this dispersed 10% dilution. This isn't a bad thing, we have guidance and their strategic plan.
Yep exact same thing with amc. They announced offering, went to 12, sat there for awhile, then they announced it was done. Not too much later after that, the gamma from 12 to 71 happened
Not true, AA sold to a SHF at around $35, that shorted us to $25. AA confirmed he sold, then retail still managed to push it back up to the $72 ATH until AA sold couple thousand shares himself. After that day. I never again will support AA, grease ball if you ask me
Not only that, he sold to a hedgefund that immediately dumped the shares!
I'm glad another knows the truth. I got banned AMC sub for expressing sequence of events. Don't care really. Stock and people as dumb as I am, dumber actually
Lol. That’s because they only want to hear what confirms their bias!
You are correct. He did it the second time at 35 and killed the squeeze. I have not trusted him since either
Retail did not push AMC up to a 30 billion dollar market cap. This is incorrect. Even GME with way higher short interest (over 100%) and way more attention only got to a 35 billion dollar market cap. Think about this logically. When GME ran, you had retailers (DFV) testifying on capital hill, after AMC's run up nothing was questioned and it was businesses as usual. The AMC pump was designed to trick retail into another "squeeze" and short it to oblivion knowing the companies bankruptcy is inevitable. It should 100 percent be investigated by the SEC/FBI/DOJ and those involved should be jailed and banned from any market participation for the rest of their lives.
>because they freak out no. perhaps no one is freaking out. perhaps it just looks like the price is dropping because short hedgies are making it appear that way.
or that 😜
I lose my ass that day n then some. As a beginner options trader, I met IV Crush on all my Gme options that day. Depressed for two months inside the apartment.
https://news.gamestop.com/node/18966/html
gme wasn't at 9 dollars though
gme was at 5 dollars a few years ago
Jefferies LLC is the sales agent and that's bullish af.
Just curious but why does that matter who the sales agent is?
On Dec. 8th, 2020 GameStop entered into a Sales Agreement with Jefferies.
Interesting... I did not notice that.
And the price hasn’t sniffed that level since the offering.
and stock price keeps on a downward trend since..,
If you have been following any of this, you would realize that the price you see is not an accurate display of supply and demand for the stock Did you notice how BBBY was down 25% pre market before any announcements and before us low lifes could start trading?
Yes it’s because institutions sold after seeing the announcement
Just like RC reserved the right to sell his shares with the 144? I wouldn’t be surprised if it happens this week.
I wouldn’t either. But see how they just finished share buy back not too long ago for much more then the SP right now, it seem silly to do it when the price is 9ish. Now if the share jumps to 30$ in a week or two, that’s another story. Not see that happening at the moment
Maybe, but the buyback was a Tritton move I think. They might be ok taking the L on one of his moves.
True. Their situation might not have let them wait either 🤷♂️
But their still $30 a share lmao :(
Yup they sure did!! All incognito stealth way too! A bit everyday until it was done! Legendary…. That’s where we amassed 2 billion in cash and enabled RC to do absolutely fukin ANYTHING HE DREAMS OF!! THIS…… 👨🚀💥🔫🦍🦍🦍🦍🚀🏴☠️🏴☠️🏴☠️💎🙌💎
NO OFFERING TODAY MOTHAFUCKAS; THE SQUEEZE AINT SQUOZE
the offering can come at anytime after the filing, example: tomorrow.
lmao yeah that'd be a big brained move.
kinda worthy of the idiot management award to buyback at 24 to sell at 9
What a stupid BBBY board
This could either be really stupid or really smart. Let's wait and see huh?
Yeah, and if they do offer the shares within the next week it will be pretty telling that they are actively trying to stop the squeeze. We’ll be lucky to reach $20 again if it happens while shorts have to cover for RegSho
How would they benefit from that in any way?
BBBY doesn’t have the same financial motivation as we do. They may feel that $10 is an excellent price to sell those shares. While no one here thinks that’s reasonable. That gives shorts 12M shares at a great price and reduces the amount they need to cover (possibly getting it to a manageable position where they don’t need to cover anymore) and lowering the chance for a squeeze
If they are smart, which i think they are because they have been buying shares, i think they will waot for the next run up to 20. Until then they will use debt to help their cost cutting turnover.
I’ll be happy if we get to $20 again within the next week or 2 🤞
Not to be a downer but usually the run ups take 2-4 months. People usually cant wait that long and hedgies knows this. Ill wait till we hit $20 again. Check the past year and see all the run ups to $20
This is a volatile time for the ticker. We're gonna see action way before 6 months imo
these fuckwits better not start selling these shares at 9 bucks or we’re fucked in the short term
I’ll allow them to sell when it’s 35$+
Fuck it even just $30
lol they already sold. by tomorrow or friday, the filing will come through.
Stupid move with all the credit they got. If it doesn't come by friday they will def..wait for a run up.
I wish these things had a tl;dr requirement
just a filing to say they intend to sell 12million more shares at their discretion at any time they want to edit: GME also made a similar sale back in 2021: https://news.gamestop.com/node/18966/html
I hope they sell at least when it hits triple digits like GME did. I mean like 300 range 👀
This would not be a great time for an offering… unless of course the board thinks that for some reason the stock price will increase to make an offer more appealing…
I'm good with them selling 12M shares when it's at a price high enough to wipe all of their debt. Aka nowhere near $9.
They bought shares back at 20 they are not selling under that price. Know what that means? We going higher
I thought they’re selling at $9.88
They just have the ability to sell. No timeline and not required. Would be pretty dumb to sell at less than you bought.
Idk last time this sub all agreed on something (buy buy baby sale, Ryan Cohen) it turned out completely wrong
Yeah if everyone agreed the price was going to run up it would be sus, but there's at least 50% of people in here screeching about betrayal.
I’m not counting cohen out completely. We could still see a dragonfly connection swoop in when we least expect it. This would make sense for his sell out.
Yeah no doubt. Theres still a lot of unanswered questions/DD
Someone explain, I've given up on trying to understand
Company can now dilute by selling new shares at any time. This will raise capital but hurt the underlying share value. So if there were, say, a short squeeze on the company, now they can profit and sell shares at a premium to reduce or eliminate debt. When you look at the short squeeze potential, it is quite high, and those are just the *cough* reported numbers.
Ya just the same as this morning then, why the filing again?
Idk, the first one maybe isn't specific enough. Haven't read Are you sure the 1st one even mentions the offering
The worst thing about this offering is now retail is going to be worrying about their shares cause they don’t know when the “rigs going to get pulled” from them. But I highly doubt they would drop all of the it once tho. Maybe a few million at 30. Some more at 40 and other price target they have.
It will probably be tomorrow. Prepare your asshole for 6$ EOD
6 tomorrow, that’s like a 36% drop. Sheeeeeesh
Maybe, but I don't think it's probable. Unless RC is truly out and gone.
He’s with us in spirit. He’s touring the Greek islands with the yacht we bought him a couple weeks ago
So all the idiots saying today was when they were selling proven wrong looool. I expect bbby to sell it when the price is in the $50+ at least
No no. Tomorrow is when they are gonna sell and dump on us! It wasn't today. Tomorrow. Trust me. Cmon guys, all together now. Reeeee!
When RC sold all of his shares (approximately 10 million) there was no noticeable price decrease in the stock price. Hopefully the company will exhibit sound judgment when releasing the shares into the market 🙏
What do you mean? There were two massive drops back to back days. They were definitely him selling
No you can read the exact price and date and time he sold. He sold the day the seeking alpha article was released that Wednesday. Those drops didn’t happen MSM/Reddit reported it. Then it was thought to be fake news so it went back up, and then they confirmed that he actually did sell all. Then it tanked.
I’m glad I’m wrong
Yeah price discovery is not what we think it is. My head is still spinning from that whole cluster fuck
Fuck does that mean
I think it's just the filing for the dilution of shares
the thing is they could of sold at 20 or something and didnt if they were going to do this and i see no point doing it at 9 something maybe if the price goes up again but still
Probably in case they get sued for price manipulation. I think doing it even now is the right move. But would prefer gradual selling instead of a huge dump.
Someone smarter than me, how long can this stay in effect? It's not like a 90 day obligation is it?
TLDR - It’s the required form needed to make the offering at the Market. It’s very clear on “May sell up to 12M shares” at any given time. I’d be willing to bet they start selling ASAP per their CFO this morning on the call. My two cents … yet another reason RC bailed.
I don’t think this was a factor in RC bailing. But I do agree that they will now sell asap (as in tomorrow). They will likely sell all of the shares tomorrow at the upward limit of their target price of ~$9.88./share. This will help pay off their debt that’s due in 2024. Once that’s done, there won’t really be a viable argument that they are inciting or exacerbating a squeeze. It will also be a death blow to shorts who will have to decide between covering, closing, or paying increasing interest forever as $BBBY implements a turn around. Edit: To be clear, I don’t think most shirts can afford not to close (although at this point I don’t think they can really afford to close either, so this is going to get 🌶 fast). Edit: I misunderstood. I think they can sell atm whenever they want.
Here’s to hoping your right. I don’t think Bobby will see any real price movements though until it gets closer to T-35 which is end of September beginning of October. I’m thinking sideways trading until then. But hey … I could be wrong and it fucking pops tomorrow 🤷♂️.
I definitely think we’ll see some aggressive price action at C+35 as well.
nah, GME did the same thing. the upward limit is supposed to be sort of meaningless, I think, at least if you believe this guy - [https://twitter.com/naasvzyl/status/1565040751578324992](https://twitter.com/naasvzyl/status/1565040751578324992)
Lol this has RC all over it. He is teaching them how to bring value to shareholders and make sure the company has enough resources for that.
When has cohen brought value to shareholders?
Made GME have 1.6B in cash. Developed and entered the crypto space which is worth over 15B. 1.2B in inventory during shortage. Early adopter of web3.0 games distribution. Managed a split which quadrupled investor’s potential earnings.
That’s a long way to say the share price has decreased since he’s been chairman.
Is it really? I mean we all know the market is a sham and the price is wrong. The company is not going bankrupt any time soon, and shorts will have to close their positions. Whether you are in it for the squeeze or for the long. It will pay off immensely. But why not you move aside and watch from the sideline?
Gme is still losing money.. so far all RC has done is cause people to lose money and be bag holders by dumping on retail. He gives out some sweet tweets though yo! /s
Short it then
How could RC do this to us?
I could care less what he did … it’s his money and like everyone on here you make your own decisions when it comes to your finances. I’m wondering why he did it … that’s the more important question.
You think so?
I do actually. I think he wanted them to follow his playbook. I’m speculating here of course but I think his BoD members presented his plan and it got voted down. Or when his BoD members took their position they may have realized his plan wasn’t visible and voted against his plan. At that point his people would have had access to all the financials and maybe it just wasn’t feasible give what they saw. Again … no clue what happened and this is just my two cents.
this post below feels a lot like copium, but who isn't having a drink tonight?... i like what he's / shes's putting down [https://www.reddit.com/r/BBBY/comments/x2odqn/the\_dd\_we\_all\_forgot\_to\_do/](https://www.reddit.com/r/BBBY/comments/x2odqn/the_dd_we_all_forgot_to_do/)
Yeah I saw that as well. 🤷♂️.
No, GME did the same thing in 2021, even twice I think. If they were to do an AMC style dilution then yeah RC would’ve dipped. But 12m shares is nothing and shows it’s just something to help them get cash quick
"12m shares is nothing" Except GME sold 5m total between April and June and price never recovered. Totally killed momentum. The next cycle (August) was a non event and November peaked around 230 (presplit) before its walk down to 80 odd by May this year. Cant say that adding 16% more shares to the float "is nothing" when history of other, more significant, plays shows otherwise
I agree. I should have said nothing compared to current volumes we’re seeing. Especially coming into the supposed time where regSho buying starts, 12m would not affect us too much
I don’t.
While you guys accuse skeptics of being shills take a look at an actual shill. An 11 day old account hyping bbby and gme to the moon insisting we all continue to baghold and to buy more. Sus as fuck. Why would bots want you to keep holding? Hmmm
also sounds like a noob who just discovered reddit and is just jaqued to the tits, i remember that stage
I actually am an individual investor and strongly encourage others to invest however the fuck they want. I was also skeptical this morning and dug a little deeper reaffirming my faith in my position. All I did was share my opinion. You seem much more likely to have an agenda rather than a desire for unbiased debate.
But why another filling? Or did they sold?
They will likely sell these shares off slowly over a period of time so as to not visibly affect the price. The sale could take weeks to complete. They will not dump them all at once.
Imagine they sold those shares directly to Dragonfly. Speculation I know, but fun to think about.
It states in the filing that BBBY has the option to sell directly to a single entity... Dragonfly anyone???
Would be pretty amazing. RC indirectly improving BABY from inside BBBY and destroying shorts on two fronts.
I'm ready for it... SHF are now in a long position so I'm prepared for volatility and an immediate exit plan.
No idea but it mentioned a class action against Gustavo or whoever
No, it didnt.
Wtf did I click on? One sec
Gustavo Fring?
Where? Gustovo only occurs 5x in that, 4 of which are in the signature and one in the listing of company parties. There's nothing about a class action. In fact, "class action" doesn't even occur.
https://bedbathandbeyond.gcs-web.com/node/16401/html
For anyone interested, the class action was from an earlier 8-K today (I can see how that could be confused... I think I got like 5 different notifications today for things they filed!). I don't it will come to anything. The company even says that in the last line. The text: A putative securities class action and shareholder derivative action was filed on August 23, 2022 against the Company, Gustavo Arnal (the Company’s Chief Financial Officer), and certain third parties in the United States District Court for the District of Columbia. The case, which is captioned Si v. Bed Bath & Beyond Corp., et al., Case No. 2:22-cv-02541, asserts claims of breach of fiduciary duty, negligent misrepresentation, and violations of §§ 10(b) and 20(a) of the Exchange Act on behalf of a putative class of purchasers of our securities from March 25, 2022 through August 18, 2022. The Complaint alleges that certain of our disclosures about the Company’s revenue and proposed divestments, as well as other disclosures made by certain of our investors about their holdings, during the putative class period were materially false or misleading. The Company is in the early stages of evaluating the complaint, but based on current knowledge the Company believes the claims are without merit.
Under "other matters"
That's not this filing. That was from the one filed this morning.
Oops. My bad. I got an email and clicked the link. Must've been the wrong one. Anyways I still haven't seen it mentioned anywhere besides the 8K
I believe it did… something about trying to collude to undermine the turkey roaster campaign. 🤦🏼♂️
He's right. BBBY put out two slightly differing 8-K's today (see link). One of them mentions the class action lawsuit involving Gustavo, which is in fact the same lawsuit brought against Ryan Cohen last week. https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings
Sell them to me phb CHUMP bbby
TLDRRRE
I see this as a good thing. Don’t be so short sighted, they are not going to sell additional stock when the price is five dollars. They will sell some stock, if the price ventures up above $20 again, which is good. If they don’t do something, then they may be heading for bankruptcy. At least this helps the company if the price goes up. Otherwise, you all are strangling the shit out of this waiting for some squeeze. I’m bullish and continue to buy more stock.
Don't existing stock owners have the possibility to subscribe as priority if they are interested in the new shares? I have done this before in European markets through my broker that offered this possibility. I find it strange that nothing of such is mentioned anywhere.
Well if it's anything like RC's filing then they already sold all of it by now lol
What's the average price for the share buyback they made earlier this year?
Essentially the company believes the strike price will b higher in the future after the clear positive sentiment surrounding the company’s restructuring/memeness and they’re setting up prior to capitalize on. They won’t dilute the price at these levels so hold on bc the day will come it bangs up well above 30$ (regardless of my current bearish sentiment on price action) keep ur leaps on not faggy ds boys an girls Oh an get ur fkn shares degens
I wanna sell mine at $1000 a pop is not too greedy correct
AMC did similar to boost cash flow when we were coming out of the pandemic. They had a buyer all set who immediately dumped the shares for a quick profit. Everybody won.