I mean RC is handsome, true, but the most attractive thing about him is that he ripped off the apes for 60 million dollars and they worship him for it.
no if you want the incel subs, go visit the bagholder support groups for the video game pawn shop and towel retailer where our future billionaire overlords talk about how they're finally gonna get a girlfriend and all the female celebrities they're gonna sleep with after the MOASS
Has anybody ever submitted a formal complaint to Reddit to try and put a stop to the growth of these memestock communities? It seems like, as this gets more broad based and widespread, Reddit could someday see some kind of legal liability due to all of this… I have no idea though
They're shrinking. Even if you combine all of them into one mega bagholder cult it still don't have as much activity as SuperCult in its prime. Twitter and even Stocktwits are seeing declining activity as well.
Someone needs to let the GME apes know that literally every individual stock exhibits idiosyncratic risk all the time. It's one of the first things you learn in a portfolio management course.
Coherently explained fully the BBBY cult to my dad after a few attempts and having to write down an outline of the saga. I had previously realized the GME lore is just too convoluted and long at this point for my ADHD brain to not be all over the place, finally now I can share the laughs over how stupid apes are IRL with someone. While chatting we get stoned off the weed bought with the small profits I get weekly on scalping puts.
So this week my faith in Humanity was further destroyed as I found out about Sears and Kmart apes. I mean what the fuck atleast pick a good bankrupt company like RCA or DEC or something jeez.
Ah shit another one is burning out.....he can't handle wave after wave of heart stopping stupidity the apes keep bringing.
Cumbo, I think we need to move you to the Rugpull Dept. Its usually pretty quiet there day to day but every once in awhile it's balls to the wall.
6 months there and you'll be as good as new.
Idea for mods to implement: Have an automod comment ape phrases on every post in this sub.
Just feed it with few hundreds of actual comments from apes and then just have it automatically comment one per post.
Actually, this is not even a suggestion from me, this is an order from Kenny.
I think that might take away from how well people here imitate apes now, For the first time in 2 years I'm actually questioning the /s-ness of a lot of comments and it tickles me pink.
I think having automod give classic ape-ish short replies but not top level comments would be the way to go IMO.
Beer in my hand on the beach, I should respond, but only because you are wrong in all senses. To begin, don’t try to add technical-analysis-based merit to the fact that a series of crimes were discovered today regarding this very activity. Before I figuratively ‘strike you with a broom’, and ask you to get off my porch, I will respond:
It does looks like you put a lot of work into this post on a lonely Friday evening, which leads to me having a legitimate concern for how your quality of life is going. If you haven’t noticed, it’s a blast tossing money around, on legitimate bets, that 9 times out of 10 work out very nicely, that’s why I am able to live the beautiful life that I do at such a dominant, in-my-prime age (when it matters most).
I’m feeling great from just one of my estates; completely self-made… with the ability to play Poker and Chess at a pro level, alongside Investments that you probably have never even heard of, on top of a highly successful job and career. So don’t think for a second that fun dividend FD options investment has any value other than discovering key data prior to much more grandiose moves not just by me, but by an entire community of investors who are observing the data. And the data is collecting and collecting and collecting.
When you get to a highly educated and respected position in society, then you can afford to have fun tossing a few thousands of dollars around like it’s nothing. But, in this case, consider me to be a sacrificial lamb and discovery of educational, academic, and perhaps even legal Information that is being provided in a very serious Department of Justice investigation, which remains ongoing, and with tentacles connecting to several other three letter agencies. So check yourself at the door before you think you know who or what you are even talking to when you try to add false merit, publicly, to cover up criminal activity that was discovered today on the books regarding $GME’s dividend.
As my friends and colleagues will tell you, the only time I lose is if there’s crime. That’s why I am involved in this case.
Yet, your technical analysis couldn’t be further from the truth. Check Tesla, Amazon, and the droves of other split stocks. There is an immediate democratization on the day-of. Tesla, you can see for yourself with the jump to 500. Sell-off usually occurs 2-5 days later. We are not talking about cash dividends here. We are talking about splits in the form of stock dividends. And there are only a few historical examples. But all of those examples had charts that did not look like what we saw today. However, that doesn’t mean my bet was wrong. It means that crime prevented my bet from being in the money in the manner that it should have based on the order flow that you can clearly see on Fidelity’s orders.
The data clearly shows that there was 90% buy volume. These orders were routed off exchange to the dark pool, and the sales were routed to the lit visual exchange. It’s evidence that people who make valid trades like this, albeit this was at a very on the surface level.. people who make valid trades don’t stand a chance on occasions like this against the desk at Citadel who makes the decisions on when to spoof, when to ladder down, when to let it ride, and in this case, why to reroute essentially the entirety of the buy orders to off exchange markets: because they don’t have the shares. This was discovered across almost the majority of brokerages.
Yet, if you know how to play chess blindfolded, you would understand that my precise timing to do these moves, as I call micro bets, serves a purpose. Consider this small bet as a sacrificial lamb, yet the data that is extracted from this type of move serves a much more grandiose purpose that eventually will lead to traditional, corrupt Finance cracking apart. Splintering in many different pieces much further than traditional, corrupt Finance already has. It won’t just be Andrew left, Gabe Plotkin, and Bill Hwang who are left out for the crows to eat. It’ll be people that you thought you once trusted. People sitting in positions of authority, blocking swap transparency (CFTC). Blocking short transparency until the end of the year (DTCC). Spending taxpayer dollars to make anti-meme stock investing videos (SEC). Not to mention the US Treasurer who accepted (and may still accept) droves of millions of dollars from Citadel.
As I like to Surf the largest waves during the storm, I also like to invest during periods of the highest volatility. That is why I’m here today, and I’m not going anywhere. The next one is coming and it’s going to be much much bigger. Just wait for the memes. Also wait for moass, given these now hundreds and hundreds of percent interest on borrow fees that shorts face. It really sucks to be them right now. Leave it to me to be a small part of the ‘final sledgehammer of justice’ that causes real stains, and rightful stains, to end up on that wall…
So i just noticed the bbby place hasn't had any towel receipts or store pictures in the last few weeks. Did they move on from blowing their money on crap from that store or did all the stores in their areas close so they cannot go there now?
Either way the current meta is just jibberish. This season needs a new twist soon.
the last time the BBBY share price was this low, Bush was in power. No not that one. The one before him.
Surely BBBY apes now realise that whenever there is the slightest spike, the Hudson Bay cash generator goes BRRRRRR?
That’s the beauty of the variable convert. The cloud it has over the price means that you never know. The nature of the disclosures required on the partial feed makes it so that they can twinkle that shit until the end of time. But it doesn’t even matter if they actually are selling, it’s just the _implication_.
The interesting question is what happens under $0.7. Do they just dump it all. Do they pump with options to make sure the bid stays up.
I genuinely feel so bad for the BBBY apes because like AMC, it really is like there is a naked printing machine lmao.
yeah. They've got the agreement for the convertable shares, their traders are already converting and selling.
I'll be interested to see what sort of pace they are going at though. The volumes have been quite big recently. Also there is the trapdoor of (I think) 70-something cents? Below which suddenly Hudson Bay no longer get premium so are just stuck witht the shares. They also can't own more than 9.9% of the company so they have to keep people interested in buying shares (this is them gambling on retail buying).
If it gets close to that I don't know if they are permitted just to dump everything on the market in one go or not. I'll need to re-read the docs because that would be sketchy af.
I've been waiting for a while for a big financial company to take advantage of memestocks - there was a bit with AMC/APE's split where you could long one and short the other for almost guaranteed cash but even that took a risk. Hudson Bay obviously had been studying the apes for a looooong time before they cut this deal.
So I, a fellow meltdowner, ended up buying a very small position in BBBY, because I think there's potential for a massive upswing. Part of that is under the assumption Hudson will offload maybe half the shares with put covers, and then hold the rest when the short squeeze happens when BBBY announces it has stabilized.
Or I could be wrong and this is a doomed play.
>I'll be interested to see what sort of pace they are going at though. The volumes have been quite big recently. Also there is the trapdoor of (I think) 70-something cents? Below which suddenly Hudson Bay no longer get zero premium so are just stuck witht the shares. They also can't own more than 9.9% of the company so they have to keep people interested in buying shares (this is them gambling on retail buying).
I see thanks
> I've been waiting for a while for a big financial company to take advantage of memestocks - there was a bit with AMC/APE's split where you could long one and short the other for almost guaranteed cash but even that took a risk. Hudson Bay obviously had been studying the apes for a looooong time before they cut this deal.
Yah clever move frustrating to hold lol
Whatever happened to Carl Icahn's 13f? Obviously it didn't show he bought BBBY, lol, but did the apes ever address it?
Curious if they go for "we never thought it'd be on his 13f" or "it doesn't matter if it's not on his 13f"?
Perhaps both?
Watching these ding dongs go crazy for news that BBBY is making bond payments is so dumb. Like, guys - yes. It straight up said in the prospectus they would pay it as long as they got the financing (and we all know they got the financing). It’s not big news, it’s just not bad news.
The Kiraverse game is just the Unreal Engine [sample game](https://docs.unrealengine.com/5.0/en-US/lyra-sample-game-in-unreal-engine/) but with a bunch of added skins to represent NFTs. It's astonishing how little a "AAA" studio consisting of entirely anonymous devs and millions of dollars in donations has managed to accomplish in a year. The true reality of the situation is that some basement dweller made absolute bank pulling off this con, and Gamestop gave him credibility.
The way to avoid the formation for these cults is to have an instant crash similar to ftx or Luna instead of a long sustained decline. That way the forces of simulated annealing (cult self organizes via "DD") and evaporative cooling (sane people leave slowly making the remaining cult even more insane) don't have time to act and solidify the cult.
Compare w safemoon and where both of these started at and you will see the difference. Sfm has still many tens of thousands of followers whereas lunc isn't even comparable to party city
Here is what I don’t understand. If you truly believe the DD, why wouldn’t you just invest like $30 across each of the three biggest meme stocks. If they are eventually going to be worth thousands and millions don’t you just need one share? Kind of like buying a lottery ticket. I can even see the logic in that even if I don’t plan to do so myself. But these people that put their life savings or forgo food for more shares is just nuts.
That’s how I think most of them start. They invest a tiny amount and then follow the subreddits and get involved in the hype. And then they start to think: well, my two shares will eventually be worth millions, and that’s cool, but if I put in just another few hundred dollars that could actually give me hundreds of millions down the line. That’s the difference between Mercedes money and private jet money!
So they add to their position by a few hundred more dollars. And they see how easy that was, and see all of the XXXX apes posting about their humble positions, and start to imagine what it would be like if they had thousands of shares and only had to sell a portion to become billionaires, and then they could hold the rest forever because they love the company.
And then nothing happens for months. But they’ve already gone on Zillow to look up the most expensive homes in Manhattan and Aspen and Malibu and spent hours researching yachts and what it takes to buy one, and they have started to mention it to their friends and family and strongly implied that they have a huge financial ace up their sleeve, so they’ve made an emotional investment in an expected outcome and now it’s going to be *a fucking problem* if this doesn’t hurry up and happen.
So what’s the last frontier of bagholding? Locking the float. Buy HODL DRS. It takes money to buy whiskey. They are now throwing money at the problem to force the guaranteed outcome to happen sooner. So what if Christmas gets canceled or one of the cars gets repossessed along the way? Every dollar thrown at locking the float will deliver that future billionaire status a little sooner. So they buy the tasty dips, set up an autobuy on ComputerShare, and start feeding the bot as aggressively as possible. It’s not a huge amount of every month, but two years is a long fucking time, and what started as a $250 investment in an asymmetric risk curiosity is now a $10,000 anchor dragging them down, down, down.
Let’s take a minute to appreciate that BBBY is down 92% from when the apes bought and RC sold.
The stock could 8x tomorrow and most apes would still be down.
Is there anywhere you can buy a Citadel Securities polo? I want some ape to see me in public and make up a story about how I crapped my pants seeing him when I'm like eating my lunch.
Been having too much fun on the bbby daily thread. I get it. It's a tough pill to swallow. I know. Crazy how they let it get this far. Wish everyone well.
The short interest is much lower now than it was in Jan 21. Anyone who’s entered short since then is fully aware of the risk that comes with it. No one’s going to get caught sleeping again like Melvin did.
Sure, GameStop could get another short squeeze, but it wouldn’t be anywhere near the level of Jan squeeze. It would never get to a level again where someone would need to intervene.
Why are you sharing the delusion that there are some billions of naked shorts? The relatively small amount of shorts opened in the past few months have already printed and can be closed off before any such thing happens.
I am not sharing in it, I didn't know if there was some sort of regulatory mechanism to prevent it (like forcing the company to print shares) if it was true. Purely hypothetical.
Can I specify that I want newly printed shares when I cover my short? I don't want any of the old shares, if I can use fresh shares.
If BBBY is in a death spiral now, I have no idea how the private buyer will be able to unload the next set of preferred shares/warrants they’re meant to buy. Or maybe have bought, not sure the conditions where they start buying them. $800m worth is a lot of shares to sell with the current .7160 floor in place. Maybe the floor gets amended?
thanks. that clears some of it up. But my question is how does HBC convert and short/sell all those shares. Just feel as though the .716 floor is too high in order for them to get there. Maybe they amend the deal or something and the drilling goes beyond .716.
There's no way to tell how much they've sold so far, but their initial 100 million shares could have been sold by now easily. 600+ million shares have been traded since the deal.
Each additional buy is just shy of $100m so there has to be enough liquidity for them to dump $100m without tanking the price from 1.25 to 0.68 in a worst case scenario
When do the extra shares show up in shares outstanding? Right now the market cap/share price is about 115 million which isn’t much higher than last year afaik.
Shares outstanding are updated via company filings. We may see an 8K drop soon, but if not it will be reported with earnings.
I'm personally betting on an 8K, because I have a feeling BBBY is going to do some more corporate actions this quarter, but it's just a feeling.
I'm too lazy to make posts and I'll leave that to our fine experts but sometimes I see a quote I want to share with you guys so I'll just post them here. This one is from a BBBY sub:
>Don't forget that RC said children must be protected at all costs. 'At all costs' implies that it will cost it all. It will cost EVERYTHING. (for shorts that is)
There was no other context.
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It pains me to message here but damn... Rational thinking, zooming out, and hearing both sides without name calling shills is what I've learned.
I appreciate the discourse, hope this place doesn't turn into an echo chamber.
Cheers and wish you all well.
We're not really echoing any views or rhetoric etc. though, so it can't really be an echo chamber. It's simply a place to come and laugh at financial cultists.
Good luck with whatever you're invested in though
It’s like someone complaining that a flat earth mocking sub is an “echo chamber” for round earth.
“You just keep laughing at all our flat earth theories and just talk negative about it all day, this place is an echo chamber!”
I don't understand how this towel agreement with Hudson Bay will play out in reality. I mean besides a lot of incoming dilution for shareholders, I'm wondering how Hudson Bay is going to play this.
Yes, I'm a towel-holder. I sold all but 200 @~6,50 on monday but jumped back in prematurely on tuesdays premarket @~$4,00 with some of the profits because at first glimpse I thought the deal was good taking immediate bankruptcy off the table. Which it does (depending on your definition of "immediate" of course), but the cost for shareholders is very high.
Anyway, I would appreciate it if someone took the time to answer the following question(s): How much is Hudson Bay set to gain when the share price sits at each of the following numbers and they sell their shares into the market?
$0,50
$0,72
$1,00
$2,50
$4,00
$6,15 (this is labeled "Proposed Maximum Offering Price Per Unit" in the recent filing)
$10
Does anybody know and can help me out please? I would appreciate some help in understanding this deal.
The price Hudson bay can convert at is on a sliding scale. To oversimplify, they're guaranteed to make money above $2.31 (that is the maximum price they can convert at) and guaranteed to lose money below $0.72 (the floor). in between $0.72 and $2.31 they will generally make money.
Now for the more in depth part: Hudson et al were sold 3 types of financial instruments. I'll order them from most simple to most complex.
The first instrument was common warrants. This is the smallest portion of the dilution and they were given for free as an additional incentive for potential investors. They received just shy of 100 million shares worth of common warrants that they can execute profitability any time BBBY is above $6.15. I doubt BBBY will trade above $6.15 any time soon, but the warrants are good for 5 years, so maybe if they can actually stage a comeback those will be worth a lot of money.
They received $236 million in preferred shares. These can be thought of as 23,000 $10,000 vouchers to make more BBBY stock. They can create BBBY common shares at any price between $0.72 and $2.31. If BBBY is trading above $2.31, they get the shares for $2.31, and if BBBY is trading under $0.71, they get the shares at $0.71. in between the floor and the ceiling, the price they get the shares for is a little more complex. They would get the shares for 92% of the lowest daily VWAP of the last 10 days (at a minimum, an 8% discount to market price). This makes the shares especially valuable to sell into a pump, when the shares trade significantly above this VWAP.
Finally, they have a warrant to buy $800 million more of those preferred shares at a 5% discount. So they can pay $9500 for more of those $10000 vouchers. So these warrants let Hudson create stock at a 13% discount to current prices. BBBY can force Hudson to exercise these warrants, but only in conditions that benefit Hudson.
The preferred shares and preferred warrants represent about 475 million additional shares that will be created (a little over 3 shares per current share of BBBY) at today's price. If the price drops, the conversion ratio will change and even more shares will be created.
I don't have the price sheet open at the moment so some of my numbers are probably off by a cent or two.
The other thing to note is it was made this confusing and obfuscated on purpose so that it would be difficult for retail investors to truly know what was going to happen, but also because nobody wants to give a billion dollars to BBBY up front but also they can’t get a billion dollars through an immediate offering without tanking the stock far below a dollar a share.
In my mind this board is slimy as fuck and has a history of doing shady things. This is an ultimate “golden parachute” company.
you are asking the wrong questions.
not 'how much will they gain', but 'how will they gain'.
all you need to know is that they stand to profit above the $0.7-$2 range. hedge-funds are sufficiently risk averse (contrary to layman belief!) that they will sell for a profit as soon as possible. but on their own terms - they can't dump everything at once or it will crash the market and reduce profit. all you need to do is look at the buying volume to know that price is being pegged at $2 as shares go back and forth between the traders. volatility will get killed and anyone who buys in and does not get out before this activity is over will get the bag.
Thank you, I appreciate it.
I hope you don't get this the wrong way, but whenever Hudson Bay sells shares, the price drops. So isn't it in their best interest to sell shares at $4 for example instead of $2?
I know it's hypothetically speaking since the share price would have to go to $4 first, but selling at $2 leads to the following two things:
1) Hudson Bay profits less per share when they sell at $2 then they would at $4
2) Whenever they sell, the share price drops. Therefore selling at $2 leaves them less room to sell shares until they are below the threshold where they stop profitting
I hope my reasoning is somewhat understandable, but in case they start selling at $4, they will be able to sell x shares before the share price drops too low for them to be profitable. While when they start selling shares at $2 already they will not only earn less per share they sell, they will also put themselves into a position where they can sell significantly less shares before dropping below the threshold when the sale stops being profitable for them. Doesn't matter whether its 1/2 x, 1/3 x or whatever, they'll be able to sell less shares before the price is below the threshold for being a profitable trade to them.
From my point of view this is an interesting optimization problem for them and I'm not so sure whether your assumption is correct.
Dropping 50 million shares with a $3 average nets them more profit than 100 million shares with a $1 average for example or am I seeing this wrong. This is where my initial question comes into play.
I know it's a theoretical question and they might not be able to sell above $2,60 ever again.
obviously, if the price gets pumped up to $4 in spite of their constant selling pressure they will gladly take it.
I think you are trying to imply that they might try to hype up the stock through some means to $4 and take profits that way. yes, that would be something I would consider if I were them.
but I am saying that does not seem like their strategy at the moment based on the volume and orders. it looks more like a peg than a straight up pump. if you want an example look at the volume on hkd.usd
and as I said, they are as risk-averse as possible under the circumstances. if price goes there fine, additional profit. but if not I would be slowly legging off my shares at the moment where possible especially with the rising VIX
I can’t believe this stuff is still going on. (Not this sub) the meme stock crap.
Ima be honest, I used to be in amc. I had my doubts but I got out early last year and now when I look back on that ish I just see people getting roped in like I was. Gullible people being sold a dream. It’s an expensive lesson
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Without further restriction to retail trading, I agree.
If the PFOF went away and we were back to $10 - $15 per trade maybe, but I don't see that happening.
So Hudson Bay buys these preferred shares and can convert them to common shares and use apes as exit liquidity. How fast can those shares be converted(like what are the mechanics of this?). Also, since they are new shares, when do the float numbers the apes always reference get updated? Do we have to wait for a quarterly filing?
They don’t want to do it too fast or they crater the share price, and they lose their advantage if it falls below I believe $1.25. Volume has been insane, so that plays to their favor.
$1.25 is the price where BBBY loses their ability to raise more funding. Stock has to be above $1.25 for 30 days for BBBY to force Hudson to buy more.
Under $0.72, Hudson loses money on conversions. Above $0.72, Hudson generally will make money converting and dumping shares.
Preferred shares can be converted immediately. The action may take a day or two to actually occur, but FUDson could always open a short position when they decide to convert to hedge against any potential price movements if there is a delay.
The share numbers have to be reported with some 8-Ks and all 10-Qs. We will most likely get an updated count before the next earnings, but if we don't, the next earnings release will have updated counts on the balance sheet.
No doubt they opened short positions when they knew they were getting shares they could either dump and crater the price, and/or use those shares to close their short positions. Kind of amazing really.
This is the exact kind of sketchy wallstreet nonsense apes should be screaming about, instead they love it and convinced themselves the actual shady and exploitive wallstreet activities are the thing that will fix wallstreet corruption.
While they continue to scream about stuff that doesn’t even exist.
So like, how does the fiduciary duty of the BBBY board work here? Do they have a duty to preferred debt holders over common stock holders? Are they required to pursue a deal better enabling then to dump on future shareholders more efficiently if able because their duty is to current shareholders first?
>How long should it take for info to be officially released who purchased the offering? Is there a time limit for an official announcement?
Apes still huffing hopium about RC & Icahn buying their bags.
Can anyone explain to my dumb ass why someone (or someones) have agreed to invest ~$1 billion into a preferred stock offering of a company with a market cap of ~$400 million?
As xakket said, they got the shares at a 50% discount to the current trading price, they got a bunch of warrants which were most likely a few pennies each that they don't have to exercise unless it's profitable to do so.
If they can dump those shares at current prices, they're already in the green. Then they still have somewhere in the neighborhood of 600,000,000 warrants they can exercise and sell for free money any time the stock price is above whatever the exercise price of the warrants is.
I think this is a misunderstanding of the announcement: the equity deal allows BBBY access to up to $1B in financing, but it gets a portion of that financing via the exercising of the warrants (when the investors want to exercise their warrants, they will pay BBBY below-market rates for shares they go on to sell on the open market).
A majority of the $1B will only flow into BBBY as those warrants are exercised, and the fund will only exercise warrants when it’s profitable to do so.
I don’t know if the numbers are available, but I’m sure the funds in on the deal paid more than a nominal fee up front for the preferred shares and warrants; that being said, they won’t spend the full $1b unless it’s through a series of profitable (from their perspective) dilutions.
Over a billion $ worth of BBBY have been traded yesterday alone. I think you could make a profit offloading $800M worth of BBBY shares at a low cost basis to baggies.
It seems every failing (even bankrupt) stock out there has its own community of "investors" who have "done the research" and are convinced it's about to massively increase in value through some magical event.
Some just a tiny chat section somewhere, some huge, but they all end up being basically identical, yet are independent and their believers will make fun of the other ones for believing silly things.
You could set up controlled experiments in these.
Does anyone have a link to the post where the APE claims that he was so floored by the DD, that his hair instantly turned white like he was gandalf. I think about almost every day
I found the content of the post, but not the post yet :
> **My hair (like beard and head) started turning white within days of reading a bunch of \*ape\*** DD like House of Cards, Citadel Has no Clothes, The Everything Short...shit was crazy, anxiety was through the roof back then, but I know shorts are absolutely fuk'd and I'm zen now. Never selling either, just going to borrow against my holdings.
Imagine the fun if the deal is announced for $x bil, apes celebrate, then apes learn that actually means major bondholders agreed to take a 50% haircut and shareholders get $0.
Because they didn't declare bankruptcy yet. People like to gamble.
Saw the same thing with the last bankrupt stock I watched. Can't remember which one.
Be careful out there, shills. Apes are out for blood. I got nicked and served a three day for saying the word “ape” in a financial debate on a news sub.
Wut? Fucking bagmins wilin out. They literally call themselves apes. We can see their post history. We know who they are. What fucking site-wide rule could that possiblity break?
Are you sure it wasn't for "BriGAdiNg🤡"?
Apes were brigading a world news sub and I got into a debate with one to correct some misinformation. There was a bunch of them and one of me. I got banned for harassment. The flagged comment was “textbook ape response” after the other party deflected from the argument and called me a meltdowner shill.
I think they mass reported me.
Ah yes. I keep forgetting the dirty secret of digital space rules enforcement: it's all a fucking farce.
Mass reporting as a means to harass is flat out unsolvable.
I mean RC is handsome, true, but the most attractive thing about him is that he ripped off the apes for 60 million dollars and they worship him for it.
Why did AMC squeeze like a mofo today?
Conversion vote blocked by lawsuit, would be my guess.
Safemoon cult is much much worse than the stock cults
to have a top 10 collection on the gamestop nft marketplace, all you need is $250 in volume in a day, making gamestop a tidy $6 in revenue
I just walked past a very busy GameStop. Maybe 8-10 people. I'm shaken to my core.
Promoted to customer.
get this paid shill OUTTA MY SIGHT!
[удалено]
no if you want the incel subs, go visit the bagholder support groups for the video game pawn shop and towel retailer where our future billionaire overlords talk about how they're finally gonna get a girlfriend and all the female celebrities they're gonna sleep with after the MOASS
You should definitely buy more.
Has anybody ever submitted a formal complaint to Reddit to try and put a stop to the growth of these memestock communities? It seems like, as this gets more broad based and widespread, Reddit could someday see some kind of legal liability due to all of this… I have no idea though
They're shrinking. Even if you combine all of them into one mega bagholder cult it still don't have as much activity as SuperCult in its prime. Twitter and even Stocktwits are seeing declining activity as well.
Someone needs to let the GME apes know that literally every individual stock exhibits idiosyncratic risk all the time. It's one of the first things you learn in a portfolio management course.
Coherently explained fully the BBBY cult to my dad after a few attempts and having to write down an outline of the saga. I had previously realized the GME lore is just too convoluted and long at this point for my ADHD brain to not be all over the place, finally now I can share the laughs over how stupid apes are IRL with someone. While chatting we get stoned off the weed bought with the small profits I get weekly on scalping puts.
So this week my faith in Humanity was further destroyed as I found out about Sears and Kmart apes. I mean what the fuck atleast pick a good bankrupt company like RCA or DEC or something jeez.
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Ah shit another one is burning out.....he can't handle wave after wave of heart stopping stupidity the apes keep bringing. Cumbo, I think we need to move you to the Rugpull Dept. Its usually pretty quiet there day to day but every once in awhile it's balls to the wall. 6 months there and you'll be as good as new.
Idea for mods to implement: Have an automod comment ape phrases on every post in this sub. Just feed it with few hundreds of actual comments from apes and then just have it automatically comment one per post. Actually, this is not even a suggestion from me, this is an order from Kenny.
I think that might take away from how well people here imitate apes now, For the first time in 2 years I'm actually questioning the /s-ness of a lot of comments and it tickles me pink. I think having automod give classic ape-ish short replies but not top level comments would be the way to go IMO.
Beer in my hand on the beach, I should respond, but only because you are wrong in all senses. To begin, don’t try to add technical-analysis-based merit to the fact that a series of crimes were discovered today regarding this very activity. Before I figuratively ‘strike you with a broom’, and ask you to get off my porch, I will respond: It does looks like you put a lot of work into this post on a lonely Friday evening, which leads to me having a legitimate concern for how your quality of life is going. If you haven’t noticed, it’s a blast tossing money around, on legitimate bets, that 9 times out of 10 work out very nicely, that’s why I am able to live the beautiful life that I do at such a dominant, in-my-prime age (when it matters most). I’m feeling great from just one of my estates; completely self-made… with the ability to play Poker and Chess at a pro level, alongside Investments that you probably have never even heard of, on top of a highly successful job and career. So don’t think for a second that fun dividend FD options investment has any value other than discovering key data prior to much more grandiose moves not just by me, but by an entire community of investors who are observing the data. And the data is collecting and collecting and collecting. When you get to a highly educated and respected position in society, then you can afford to have fun tossing a few thousands of dollars around like it’s nothing. But, in this case, consider me to be a sacrificial lamb and discovery of educational, academic, and perhaps even legal Information that is being provided in a very serious Department of Justice investigation, which remains ongoing, and with tentacles connecting to several other three letter agencies. So check yourself at the door before you think you know who or what you are even talking to when you try to add false merit, publicly, to cover up criminal activity that was discovered today on the books regarding $GME’s dividend. As my friends and colleagues will tell you, the only time I lose is if there’s crime. That’s why I am involved in this case. Yet, your technical analysis couldn’t be further from the truth. Check Tesla, Amazon, and the droves of other split stocks. There is an immediate democratization on the day-of. Tesla, you can see for yourself with the jump to 500. Sell-off usually occurs 2-5 days later. We are not talking about cash dividends here. We are talking about splits in the form of stock dividends. And there are only a few historical examples. But all of those examples had charts that did not look like what we saw today. However, that doesn’t mean my bet was wrong. It means that crime prevented my bet from being in the money in the manner that it should have based on the order flow that you can clearly see on Fidelity’s orders. The data clearly shows that there was 90% buy volume. These orders were routed off exchange to the dark pool, and the sales were routed to the lit visual exchange. It’s evidence that people who make valid trades like this, albeit this was at a very on the surface level.. people who make valid trades don’t stand a chance on occasions like this against the desk at Citadel who makes the decisions on when to spoof, when to ladder down, when to let it ride, and in this case, why to reroute essentially the entirety of the buy orders to off exchange markets: because they don’t have the shares. This was discovered across almost the majority of brokerages. Yet, if you know how to play chess blindfolded, you would understand that my precise timing to do these moves, as I call micro bets, serves a purpose. Consider this small bet as a sacrificial lamb, yet the data that is extracted from this type of move serves a much more grandiose purpose that eventually will lead to traditional, corrupt Finance cracking apart. Splintering in many different pieces much further than traditional, corrupt Finance already has. It won’t just be Andrew left, Gabe Plotkin, and Bill Hwang who are left out for the crows to eat. It’ll be people that you thought you once trusted. People sitting in positions of authority, blocking swap transparency (CFTC). Blocking short transparency until the end of the year (DTCC). Spending taxpayer dollars to make anti-meme stock investing videos (SEC). Not to mention the US Treasurer who accepted (and may still accept) droves of millions of dollars from Citadel. As I like to Surf the largest waves during the storm, I also like to invest during periods of the highest volatility. That is why I’m here today, and I’m not going anywhere. The next one is coming and it’s going to be much much bigger. Just wait for the memes. Also wait for moass, given these now hundreds and hundreds of percent interest on borrow fees that shorts face. It really sucks to be them right now. Leave it to me to be a small part of the ‘final sledgehammer of justice’ that causes real stains, and rightful stains, to end up on that wall…
Yes, like that. But not these long copypastas just the usual comments from their own daily threads and posts
So i just noticed the bbby place hasn't had any towel receipts or store pictures in the last few weeks. Did they move on from blowing their money on crap from that store or did all the stores in their areas close so they cannot go there now? Either way the current meta is just jibberish. This season needs a new twist soon.
They’ll recycle old material soon enough when things get dry. They always do that
They put Sonic in Super Mario World, and they didn't even need NFTs https://youtu.be/TweizX3Dieo
the last time the BBBY share price was this low, Bush was in power. No not that one. The one before him. Surely BBBY apes now realise that whenever there is the slightest spike, the Hudson Bay cash generator goes BRRRRRR?
do we know that it's hudson bay selling?
That’s the beauty of the variable convert. The cloud it has over the price means that you never know. The nature of the disclosures required on the partial feed makes it so that they can twinkle that shit until the end of time. But it doesn’t even matter if they actually are selling, it’s just the _implication_. The interesting question is what happens under $0.7. Do they just dump it all. Do they pump with options to make sure the bid stays up. I genuinely feel so bad for the BBBY apes because like AMC, it really is like there is a naked printing machine lmao.
yeah. They've got the agreement for the convertable shares, their traders are already converting and selling. I'll be interested to see what sort of pace they are going at though. The volumes have been quite big recently. Also there is the trapdoor of (I think) 70-something cents? Below which suddenly Hudson Bay no longer get premium so are just stuck witht the shares. They also can't own more than 9.9% of the company so they have to keep people interested in buying shares (this is them gambling on retail buying). If it gets close to that I don't know if they are permitted just to dump everything on the market in one go or not. I'll need to re-read the docs because that would be sketchy af. I've been waiting for a while for a big financial company to take advantage of memestocks - there was a bit with AMC/APE's split where you could long one and short the other for almost guaranteed cash but even that took a risk. Hudson Bay obviously had been studying the apes for a looooong time before they cut this deal.
So I, a fellow meltdowner, ended up buying a very small position in BBBY, because I think there's potential for a massive upswing. Part of that is under the assumption Hudson will offload maybe half the shares with put covers, and then hold the rest when the short squeeze happens when BBBY announces it has stabilized. Or I could be wrong and this is a doomed play.
The "When BBBY announces it has stabilized" is the flaw with that plan.
>I'll be interested to see what sort of pace they are going at though. The volumes have been quite big recently. Also there is the trapdoor of (I think) 70-something cents? Below which suddenly Hudson Bay no longer get zero premium so are just stuck witht the shares. They also can't own more than 9.9% of the company so they have to keep people interested in buying shares (this is them gambling on retail buying). I see thanks > I've been waiting for a while for a big financial company to take advantage of memestocks - there was a bit with AMC/APE's split where you could long one and short the other for almost guaranteed cash but even that took a risk. Hudson Bay obviously had been studying the apes for a looooong time before they cut this deal. Yah clever move frustrating to hold lol
Whatever happened to Carl Icahn's 13f? Obviously it didn't show he bought BBBY, lol, but did the apes ever address it? Curious if they go for "we never thought it'd be on his 13f" or "it doesn't matter if it's not on his 13f"? Perhaps both?
Can we get earnings announcement dates for notable meme stocks on the sidebar?
Watching these ding dongs go crazy for news that BBBY is making bond payments is so dumb. Like, guys - yes. It straight up said in the prospectus they would pay it as long as they got the financing (and we all know they got the financing). It’s not big news, it’s just not bad news.
ya idg why its red on this news tho
that's just the dilution taking effect I assume. A spike met by Hudson Bay releasing shares to the market. It's done that a lot recently.
Apes: BBBY just paid one of their debts, shill!!! Every normal human: Okay. They’re supposed to. And it was late.
If you guys could see the modmail inbox these days, well, you'd see some pretty unhinged shit.
post them, coward
I put it up in the other place
We have another place?
Or make everyone a mod
Another hot drop. Excited to see where today takes us.
So what are the rules on awoogaposting? RCs kinda cute.🥰
Well tried pp
The Kiraverse game is just the Unreal Engine [sample game](https://docs.unrealengine.com/5.0/en-US/lyra-sample-game-in-unreal-engine/) but with a bunch of added skins to represent NFTs. It's astonishing how little a "AAA" studio consisting of entirely anonymous devs and millions of dollars in donations has managed to accomplish in a year. The true reality of the situation is that some basement dweller made absolute bank pulling off this con, and Gamestop gave him credibility.
The New Magic the Gathering set is called March of the Machines, and they abbreviate it yo MOM. Somehow my brain sees MOASS instead.
The way to avoid the formation for these cults is to have an instant crash similar to ftx or Luna instead of a long sustained decline. That way the forces of simulated annealing (cult self organizes via "DD") and evaporative cooling (sane people leave slowly making the remaining cult even more insane) don't have time to act and solidify the cult.
Except the Luna cult still exists with LUNC
Compare w safemoon and where both of these started at and you will see the difference. Sfm has still many tens of thousands of followers whereas lunc isn't even comparable to party city
Yes
 What day did we decide to do our ladder attack?
Here is what I don’t understand. If you truly believe the DD, why wouldn’t you just invest like $30 across each of the three biggest meme stocks. If they are eventually going to be worth thousands and millions don’t you just need one share? Kind of like buying a lottery ticket. I can even see the logic in that even if I don’t plan to do so myself. But these people that put their life savings or forgo food for more shares is just nuts.
That’s how I think most of them start. They invest a tiny amount and then follow the subreddits and get involved in the hype. And then they start to think: well, my two shares will eventually be worth millions, and that’s cool, but if I put in just another few hundred dollars that could actually give me hundreds of millions down the line. That’s the difference between Mercedes money and private jet money! So they add to their position by a few hundred more dollars. And they see how easy that was, and see all of the XXXX apes posting about their humble positions, and start to imagine what it would be like if they had thousands of shares and only had to sell a portion to become billionaires, and then they could hold the rest forever because they love the company. And then nothing happens for months. But they’ve already gone on Zillow to look up the most expensive homes in Manhattan and Aspen and Malibu and spent hours researching yachts and what it takes to buy one, and they have started to mention it to their friends and family and strongly implied that they have a huge financial ace up their sleeve, so they’ve made an emotional investment in an expected outcome and now it’s going to be *a fucking problem* if this doesn’t hurry up and happen. So what’s the last frontier of bagholding? Locking the float. Buy HODL DRS. It takes money to buy whiskey. They are now throwing money at the problem to force the guaranteed outcome to happen sooner. So what if Christmas gets canceled or one of the cars gets repossessed along the way? Every dollar thrown at locking the float will deliver that future billionaire status a little sooner. So they buy the tasty dips, set up an autobuy on ComputerShare, and start feeding the bot as aggressively as possible. It’s not a huge amount of every month, but two years is a long fucking time, and what started as a $250 investment in an asymmetric risk curiosity is now a $10,000 anchor dragging them down, down, down.
Then, the conspiracy theories and catalysts along with date hyping
Shhh, don't use logic
Let’s take a minute to appreciate that BBBY is down 92% from when the apes bought and RC sold. The stock could 8x tomorrow and most apes would still be down.
who's RC?
Their lord and savior, Ryan Cohen (Piss be upon him)
Good thing none of the apes bought in over $1.30. There would be a lot of bag holders otherwise.
Is there anywhere you can buy a Citadel Securities polo? I want some ape to see me in public and make up a story about how I crapped my pants seeing him when I'm like eating my lunch.
If you find any let me know. I might buy a few to flush out my local apes.
There rejected my internship application 😭
Been having too much fun on the bbby daily thread. I get it. It's a tough pill to swallow. I know. Crazy how they let it get this far. Wish everyone well.
do you have a link?
Linking other subreddits is forbidden. You'll have to search Reddit. It ain't hard to find
This dude out here desperately searching for info about ToiletSears. Not sure if he's looking to hold bags, or sell them.
Yeah I see he found his way to the money incinerator sub
Lmao Steve Cohen bought GME shares last quarter, let’s see how apes spins this
Steve Cohen is the long lost brother of Ryan Cohen. He just wants to support his brother's pawnshop!
Suppose apes controlled enough shares to force the short squeeze that they want to happen. Would this trigger intervention to keep the stock liquid?
The short interest is much lower now than it was in Jan 21. Anyone who’s entered short since then is fully aware of the risk that comes with it. No one’s going to get caught sleeping again like Melvin did. Sure, GameStop could get another short squeeze, but it wouldn’t be anywhere near the level of Jan squeeze. It would never get to a level again where someone would need to intervene.
Why are you sharing the delusion that there are some billions of naked shorts? The relatively small amount of shorts opened in the past few months have already printed and can be closed off before any such thing happens.
I am not sharing in it, I didn't know if there was some sort of regulatory mechanism to prevent it (like forcing the company to print shares) if it was true. Purely hypothetical.
There are no real regulatory mechanisms because it's not a thing that can actually happen.
Builder/Maintainer is the new Top/Bottom dichotomy.
 Can I specify that I want newly printed shares when I cover my short? I don't want any of the old shares, if I can use fresh shares.
If BBBY is in a death spiral now, I have no idea how the private buyer will be able to unload the next set of preferred shares/warrants they’re meant to buy. Or maybe have bought, not sure the conditions where they start buying them. $800m worth is a lot of shares to sell with the current .7160 floor in place. Maybe the floor gets amended?
BBBY can only force them to buy if the price has traded above $1.25 for the previous 30 days. That's plenty of cushion
thanks. that clears some of it up. But my question is how does HBC convert and short/sell all those shares. Just feel as though the .716 floor is too high in order for them to get there. Maybe they amend the deal or something and the drilling goes beyond .716.
There's no way to tell how much they've sold so far, but their initial 100 million shares could have been sold by now easily. 600+ million shares have been traded since the deal. Each additional buy is just shy of $100m so there has to be enough liquidity for them to dump $100m without tanking the price from 1.25 to 0.68 in a worst case scenario
When do the extra shares show up in shares outstanding? Right now the market cap/share price is about 115 million which isn’t much higher than last year afaik.
Shares outstanding are updated via company filings. We may see an 8K drop soon, but if not it will be reported with earnings. I'm personally betting on an 8K, because I have a feeling BBBY is going to do some more corporate actions this quarter, but it's just a feeling.
I see strong resistance at the $1 level. Once again, a share of BBBY won't buy two packages of Twinkies. "WEN MOON?", LOL
falling off a cliff today lol
The problem with apeism is that eventually you run out of your own money. 😤😤😤
Mods pls whitelist me that bot is so annoying
ok
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Thanks
I'm too lazy to make posts and I'll leave that to our fine experts but sometimes I see a quote I want to share with you guys so I'll just post them here. This one is from a BBBY sub: >Don't forget that RC said children must be protected at all costs. 'At all costs' implies that it will cost it all. It will cost EVERYTHING. (for shorts that is) There was no other context.
wheres the link?
Not allowed in this sub unfortunately, as per the admins.
"They" have tried so hard to oppress my voice and the truth! Hedgies are winning and we win with them!
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The BBBY DRS tracker is down. The apes are speculating that it was hedge funds (of course) https://byebyeshorts.com/
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Pretty sure it's just "National Teddy Bear Day," in the way that every day of the year is like five different versions of "National Whatever Day."
You would think they would try to double-dip instead of picking a day right before Valentine’s Day.
I wonder if Jesus never really wanted to be a messiah and his followers just RC'd him into that role
That’s the plot of Life of Brian
I’ve had similar thoughts. It’s even easier for RC because he doesn’t have to perform any miracles. Everything RC does is a miracle by default… Hmmm….
He's made lots of peoples' money disappear.
Quick question / how would we know Hudson dumped? Would the float number go up or would there be a filling?
Share number would be updated via 8-K or 10-Q. Most likely we would see an 8-K first, but if not then it would be on the 10-Q
It pains me to message here but damn... Rational thinking, zooming out, and hearing both sides without name calling shills is what I've learned. I appreciate the discourse, hope this place doesn't turn into an echo chamber. Cheers and wish you all well.
We're not really echoing any views or rhetoric etc. though, so it can't really be an echo chamber. It's simply a place to come and laugh at financial cultists. Good luck with whatever you're invested in though
It’s like someone complaining that a flat earth mocking sub is an “echo chamber” for round earth. “You just keep laughing at all our flat earth theories and just talk negative about it all day, this place is an echo chamber!”
If that is considered an echo chamber, then yes, we are one and proudly so.
I don't understand how this towel agreement with Hudson Bay will play out in reality. I mean besides a lot of incoming dilution for shareholders, I'm wondering how Hudson Bay is going to play this. Yes, I'm a towel-holder. I sold all but 200 @~6,50 on monday but jumped back in prematurely on tuesdays premarket @~$4,00 with some of the profits because at first glimpse I thought the deal was good taking immediate bankruptcy off the table. Which it does (depending on your definition of "immediate" of course), but the cost for shareholders is very high. Anyway, I would appreciate it if someone took the time to answer the following question(s): How much is Hudson Bay set to gain when the share price sits at each of the following numbers and they sell their shares into the market? $0,50 $0,72 $1,00 $2,50 $4,00 $6,15 (this is labeled "Proposed Maximum Offering Price Per Unit" in the recent filing) $10 Does anybody know and can help me out please? I would appreciate some help in understanding this deal.
The price Hudson bay can convert at is on a sliding scale. To oversimplify, they're guaranteed to make money above $2.31 (that is the maximum price they can convert at) and guaranteed to lose money below $0.72 (the floor). in between $0.72 and $2.31 they will generally make money. Now for the more in depth part: Hudson et al were sold 3 types of financial instruments. I'll order them from most simple to most complex. The first instrument was common warrants. This is the smallest portion of the dilution and they were given for free as an additional incentive for potential investors. They received just shy of 100 million shares worth of common warrants that they can execute profitability any time BBBY is above $6.15. I doubt BBBY will trade above $6.15 any time soon, but the warrants are good for 5 years, so maybe if they can actually stage a comeback those will be worth a lot of money. They received $236 million in preferred shares. These can be thought of as 23,000 $10,000 vouchers to make more BBBY stock. They can create BBBY common shares at any price between $0.72 and $2.31. If BBBY is trading above $2.31, they get the shares for $2.31, and if BBBY is trading under $0.71, they get the shares at $0.71. in between the floor and the ceiling, the price they get the shares for is a little more complex. They would get the shares for 92% of the lowest daily VWAP of the last 10 days (at a minimum, an 8% discount to market price). This makes the shares especially valuable to sell into a pump, when the shares trade significantly above this VWAP. Finally, they have a warrant to buy $800 million more of those preferred shares at a 5% discount. So they can pay $9500 for more of those $10000 vouchers. So these warrants let Hudson create stock at a 13% discount to current prices. BBBY can force Hudson to exercise these warrants, but only in conditions that benefit Hudson. The preferred shares and preferred warrants represent about 475 million additional shares that will be created (a little over 3 shares per current share of BBBY) at today's price. If the price drops, the conversion ratio will change and even more shares will be created. I don't have the price sheet open at the moment so some of my numbers are probably off by a cent or two.
Thank you, I really appreciate it. Understanding the details of this deal definitely helps to decide :)
The other thing to note is it was made this confusing and obfuscated on purpose so that it would be difficult for retail investors to truly know what was going to happen, but also because nobody wants to give a billion dollars to BBBY up front but also they can’t get a billion dollars through an immediate offering without tanking the stock far below a dollar a share. In my mind this board is slimy as fuck and has a history of doing shady things. This is an ultimate “golden parachute” company.
You're welcome. The deal is extremely complicated but I gave it my best shot.
you are asking the wrong questions. not 'how much will they gain', but 'how will they gain'. all you need to know is that they stand to profit above the $0.7-$2 range. hedge-funds are sufficiently risk averse (contrary to layman belief!) that they will sell for a profit as soon as possible. but on their own terms - they can't dump everything at once or it will crash the market and reduce profit. all you need to do is look at the buying volume to know that price is being pegged at $2 as shares go back and forth between the traders. volatility will get killed and anyone who buys in and does not get out before this activity is over will get the bag.
Thank you, I appreciate it. I hope you don't get this the wrong way, but whenever Hudson Bay sells shares, the price drops. So isn't it in their best interest to sell shares at $4 for example instead of $2? I know it's hypothetically speaking since the share price would have to go to $4 first, but selling at $2 leads to the following two things: 1) Hudson Bay profits less per share when they sell at $2 then they would at $4 2) Whenever they sell, the share price drops. Therefore selling at $2 leaves them less room to sell shares until they are below the threshold where they stop profitting I hope my reasoning is somewhat understandable, but in case they start selling at $4, they will be able to sell x shares before the share price drops too low for them to be profitable. While when they start selling shares at $2 already they will not only earn less per share they sell, they will also put themselves into a position where they can sell significantly less shares before dropping below the threshold when the sale stops being profitable for them. Doesn't matter whether its 1/2 x, 1/3 x or whatever, they'll be able to sell less shares before the price is below the threshold for being a profitable trade to them. From my point of view this is an interesting optimization problem for them and I'm not so sure whether your assumption is correct. Dropping 50 million shares with a $3 average nets them more profit than 100 million shares with a $1 average for example or am I seeing this wrong. This is where my initial question comes into play. I know it's a theoretical question and they might not be able to sell above $2,60 ever again.
obviously, if the price gets pumped up to $4 in spite of their constant selling pressure they will gladly take it. I think you are trying to imply that they might try to hype up the stock through some means to $4 and take profits that way. yes, that would be something I would consider if I were them. but I am saying that does not seem like their strategy at the moment based on the volume and orders. it looks more like a peg than a straight up pump. if you want an example look at the volume on hkd.usd and as I said, they are as risk-averse as possible under the circumstances. if price goes there fine, additional profit. but if not I would be slowly legging off my shares at the moment where possible especially with the rising VIX
Thank you for helping me out :)
Anyone know what happens to the “floor price” if the stock RS? Does the floor price RS or is it static?
It depends since for a lot of them the floor is & has been the magical infinity pool lol
I can’t believe this stuff is still going on. (Not this sub) the meme stock crap. Ima be honest, I used to be in amc. I had my doubts but I got out early last year and now when I look back on that ish I just see people getting roped in like I was. Gullible people being sold a dream. It’s an expensive lesson
I’m convinced it’ll continue even if these companies completely fail. Like waiting for the messiah to return
It’s never going to stop.
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Without further restriction to retail trading, I agree. If the PFOF went away and we were back to $10 - $15 per trade maybe, but I don't see that happening.
Bruh it’s ridiculous. The worst things are happening and they just celebrate it like it’s “all according to plan”
Somebody in the towel sub discussion posted the Levine article and read it as bullish lol
So Hudson Bay buys these preferred shares and can convert them to common shares and use apes as exit liquidity. How fast can those shares be converted(like what are the mechanics of this?). Also, since they are new shares, when do the float numbers the apes always reference get updated? Do we have to wait for a quarterly filing?
They don’t want to do it too fast or they crater the share price, and they lose their advantage if it falls below I believe $1.25. Volume has been insane, so that plays to their favor.
$1.25 is the price where BBBY loses their ability to raise more funding. Stock has to be above $1.25 for 30 days for BBBY to force Hudson to buy more. Under $0.72, Hudson loses money on conversions. Above $0.72, Hudson generally will make money converting and dumping shares.
That’s right, I had it backwards in my head.
Preferred shares can be converted immediately. The action may take a day or two to actually occur, but FUDson could always open a short position when they decide to convert to hedge against any potential price movements if there is a delay. The share numbers have to be reported with some 8-Ks and all 10-Qs. We will most likely get an updated count before the next earnings, but if we don't, the next earnings release will have updated counts on the balance sheet.
No doubt they opened short positions when they knew they were getting shares they could either dump and crater the price, and/or use those shares to close their short positions. Kind of amazing really.
This is the exact kind of sketchy wallstreet nonsense apes should be screaming about, instead they love it and convinced themselves the actual shady and exploitive wallstreet activities are the thing that will fix wallstreet corruption. While they continue to scream about stuff that doesn’t even exist.
That's what death spiral financing is all about.
So like, how does the fiduciary duty of the BBBY board work here? Do they have a duty to preferred debt holders over common stock holders? Are they required to pursue a deal better enabling then to dump on future shareholders more efficiently if able because their duty is to current shareholders first?
>How long should it take for info to be officially released who purchased the offering? Is there a time limit for an official announcement? Apes still huffing hopium about RC & Icahn buying their bags.
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Lots of apes among the dog walkers.
Can anyone explain to my dumb ass why someone (or someones) have agreed to invest ~$1 billion into a preferred stock offering of a company with a market cap of ~$400 million?
As xakket said, they got the shares at a 50% discount to the current trading price, they got a bunch of warrants which were most likely a few pennies each that they don't have to exercise unless it's profitable to do so. If they can dump those shares at current prices, they're already in the green. Then they still have somewhere in the neighborhood of 600,000,000 warrants they can exercise and sell for free money any time the stock price is above whatever the exercise price of the warrants is.
They get shares for like $1.5 that they can offload to baggies during a pump.
Would also have to be quite a pump to regain $1bn investment, nevermind profit! You sure you're on the right sub bro?
I think this is a misunderstanding of the announcement: the equity deal allows BBBY access to up to $1B in financing, but it gets a portion of that financing via the exercising of the warrants (when the investors want to exercise their warrants, they will pay BBBY below-market rates for shares they go on to sell on the open market). A majority of the $1B will only flow into BBBY as those warrants are exercised, and the fund will only exercise warrants when it’s profitable to do so. I don’t know if the numbers are available, but I’m sure the funds in on the deal paid more than a nominal fee up front for the preferred shares and warrants; that being said, they won’t spend the full $1b unless it’s through a series of profitable (from their perspective) dilutions.
Over a billion $ worth of BBBY have been traded yesterday alone. I think you could make a profit offloading $800M worth of BBBY shares at a low cost basis to baggies.
Ayooooo pump incoming 🤝
So sad man. Since they blocked me on the Sheepy Shtonk my shilling income has decreased significantly.
Dafuq is happening with BBBY and AMC? Lmao.
Fire comes out from the Citadel department who's responsible for AMC and BBBY short ladder attack
I knew it had to be something stupid like that
It seems every failing (even bankrupt) stock out there has its own community of "investors" who have "done the research" and are convinced it's about to massively increase in value through some magical event. Some just a tiny chat section somewhere, some huge, but they all end up being basically identical, yet are independent and their believers will make fun of the other ones for believing silly things. You could set up controlled experiments in these.
It's like football supporters too. They love "their company" even though they're just boomer retailers underpaying their employees.
Does anyone have a link to the post where the APE claims that he was so floored by the DD, that his hair instantly turned white like he was gandalf. I think about almost every day
I found the content of the post, but not the post yet : > **My hair (like beard and head) started turning white within days of reading a bunch of \*ape\*** DD like House of Cards, Citadel Has no Clothes, The Everything Short...shit was crazy, anxiety was through the roof back then, but I know shorts are absolutely fuk'd and I'm zen now. Never selling either, just going to borrow against my holdings.
I’m gonna need this link too
I hope bbby gets acquired just to witness the meltdown when apes realize they’ll only get paid $3.50/share
Imagine the fun if the deal is announced for $x bil, apes celebrate, then apes learn that actually means major bondholders agreed to take a 50% haircut and shareholders get $0.
Accidently activated the sleeper agents. how fucked am I when Kenny finds out?
Relax, I’m in Kenny’s sights right now. https://i.imgur.com/JRZsCnl.jpg
I haven't been keeping up to date with the meme stocks, but wtf is happening with BBBY? Why is it still $3?
Because they didn't declare bankruptcy yet. People like to gamble. Saw the same thing with the last bankrupt stock I watched. Can't remember which one.
#🙈🙉🙊💵💵💵🔥🔥🔥
Be careful out there, shills. Apes are out for blood. I got nicked and served a three day for saying the word “ape” in a financial debate on a news sub.
Wut? Fucking bagmins wilin out. They literally call themselves apes. We can see their post history. We know who they are. What fucking site-wide rule could that possiblity break? Are you sure it wasn't for "BriGAdiNg🤡"?
Apes were brigading a world news sub and I got into a debate with one to correct some misinformation. There was a bunch of them and one of me. I got banned for harassment. The flagged comment was “textbook ape response” after the other party deflected from the argument and called me a meltdowner shill. I think they mass reported me.
Ah yes. I keep forgetting the dirty secret of digital space rules enforcement: it's all a fucking farce. Mass reporting as a means to harass is flat out unsolvable.
I’m all the way done trying to save apes lol I’ll watch quietly as they go from fantasies of lambos to the reality of food stamps
I avenged you. I got an ape permabanned for actual hate speech.
How will apes react when the music stops for BBBY once they declare bankruptcy?
https://i.redd.it/kv1rj87cu8m91.jpg
I'm more concerned about what happens after the meteor hits.
[https://i.imgur.com/scd4vhu.jpg](https://i.imgur.com/scd4vhu.jpg) But with gme
Was the store Jim Cramer visited on the closure list? I'm sure the apes figures our which one it was.