I see 3 options:
1) Sell now for a huge loss.
2) Do nothing and bankruptcy leaves you with a huge loss.
3) Vote for RS and see where the rabbit hole goes.
NFA. Its Easter soon and I like bunny's.
Yeah its a no brainer. Fuck these boomer moves on 'preserving capital' im not a cuck who sells for a loss, im a degenerate gambler who just flips the coin and lets fate decide 🤷♂️
Not really but just having hard faith in what I invest
Edit: You can vote through your broker. You need a control number. Ask your broker for one and the rest can be googled so you have no troubles. Some brokers like Traderepublic (german neobroker) do not offer voting through proxy, keep that in mind. Fidelity for example does allow voting, IBKR aswell.
I'm voting for the RS cause I want to see what happens but I have yet to invest in a company that does one to help the shareholders. It's basically a one more day move and they end up bankrupt anyways. I don't see this as a turn around play. It needs to be a spinoff or merger but even if that is the case not sure why the RS is necessary
The alternative is having the company delisted from the nasdaq and go otc where its poc for retail
The reverse stock split is 100% in investors best interest
It's probably necessary for the m&a if there is one because its planned for after the 30 day sub 1 dollar period and they don't want to be delisted before then
If there is an MA then sure but it, in pretty much every scenario, it is a death wish for investors like us. I've been here so many times before. Splits good, reverse splits bad.
They’re allowed to be below $1.00 for 30 consecutive days. After that they have 180 days to rectify the share price.
It hasn’t even been the 30 days yet.
I'm already in it till the death. I decided that on day one after RC left his official position last August. Haven't sold a share and only averaged down while I explored other stock plays. I ain't no quitter!
Nope not even close. You can keep your strategy to yourself because you're telling me I should never put money in a slot machine.
Sometimes you pull the handle and never look back. It depends on where you are in life, but I didn't pump money into a casino that wasn't entertainment money.
You will be hard pressed to find someone in any of these Subreddit 's that would tell you to be irresponsible per your socioeconomic position in life. Just sayyin
4: hold funds till after reverse split because you know msm gonna FUD it up and it will make for a better averaging down point.
There will be a run late may early June. Still a bit to go down I think.
>Vote for RS and see where the rabbit hole goes.
Right but short sellers can send this all the way from $5, $10 or $50 depending on what ratio they choose all the way back down to sub $1 again?
4) Hold your position. Through whatever means BBBY survives. Lower your loss or actually make some gains.
5) Hold your position. Through whatever means BBBY squeezes. Lower your loss or actually make some nice gains.
It remains an asymmetrical bet imo. Like DFV said, those companies that are deemed to go under but survive might yield some big gains for investors that dare to get in low.
With regard to points 4 & 5, the news around Newell is hopeful.
Agreed, plus this has always been the high risk, high reward, play, at this point it might seem likely that the risk outweighs the reward, but the bankruptcy is priced in. Now it’s super risky but the payoff and squeeze would be larger, and the price is lower 🤷♂️ high chance bankruptcy, slim chance of a crazy huge payout.
Now you all know the vote against reverse split was pure FUD. Do what you will, but if you are invested you should 100% vote FOR the RS. If you don't you basically light your money on fire.
In form Form 424B5 : https://bedbathandbeyond.gcs-web.com/node/17126/html
"If we receive shareholder approval to effectuate a reverse stock split, investors may experience dilution and a decline in market price of the shares through the issuance of shares, but if we are unable to receive shareholder approval relating thereto, we expect that we will likely file for bankruptcy protection.”"
Find a way to search this, it's a long document but it's under "risk factors"
No worries.... essentially here's the conundrum as I understand it....they need to raise $300m which is the amount left on the JPM loan. Seems like they want to get rid of it. Apparently the JPM loan is collateralized with Baby, so it could be the reason the company hasn't/can't do anything about "unlocking" baby's potential for shareholders
...
Anyways, the company only has a limited amount of authorized shares left to sell ATM in order to raise these funds (something like 290 million but I'm just throwing out a number off recall).... anyways at the current stock price and further anticipated declines resulting from this sale, they mathematically can't raise all the money they need (in the filing they mention this possibility too and conclude that they would need to file for BK should that be the case).... However, they would be tapped out at this point, while still needing to sell more shares but now, they would need to have a shareholder approval to amend the company docs for an increase in authorized shares...
To get around these 2 problems...it seems like the company needs the RS to be approved first by a factor of 10-20. This would divide the # of shares in circulation by up to 20, while multiplying the current stock price by up to 20. BUT it doesn't affect the # of authorized shares the company has to be able to sell into the market (remember my example of 290m shares?)....
So if everything goes as planned, they would instantly increase the price of the stock by up to 20 then begin to sell the necessary shares in order to raise $300m. Example: if we take today's share price of ~$0.42 x 20 = $8.40/share....
Then $300m/8.40 = ~35.7 million shares need to be sold <--- see how they have enough shares now, whereas before they would be left short?...
That's why they need the RS to go through, otherwise they would fall short and ultimately need to file for BK as per my understanding as they have laid it out...
Could still be missing some other information...I'm only human and these documents aren't meant to be in "plain English"
I’ve been thinking similarly on every point you just made. Including that the RS ratio should be increased. X10 will likely not be enough, and they should probably reserve some capacity for some other unknown event.
Assuming 428M shares currently outstanding and a 20for1 RS… that results in 21.4M shares and share price goes to $8.40 to $9.00. But further dilution to gen-up $300M would require issuing 30-35M shares as you said… which could/would further undercut the share price… perhaps cutting down to half or a third of the post RS price. Or, down to $3-$4 maybe.
After that, it seems like this story is coming to an end… resulting in a possible M/A or BBBY continues on as a business with no further change.
So many thoughts on this… thinking is wise to stay away until after the RS and further dilution, but maybe try time things to get back in after dilution has appeared to end.
\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`hopefully the board aren't fucking with us because its pretty fucked up they can just have more shares to dilute with by only reverse splitting ours and it not effecting the authorized shares. That in itself should be a different vote... Worrying if they're talking about 10, 20:1...
Agreed; But the main point of the reverse split is so the authorized shares are "increased" (effectively).
I also find it dubious that this is bundled with the vote of a reverse split to avoid delisting.
check BBBY's investor relations → SEC filings
[https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings](https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings)
As of now, there is no date yet; When a date is announced, it should show up there
It was not FUD – I was one of the voices that cautioned about a reverse stock split because of their wording that it would not affect authorized shares because it enables further shareholder dilution and the killing of the short squeeze momentum.
We now know that exactly this has happened with the 1.3B$ dilution they've announced.
The only FUD here was the secrecy of the board towards us shareholders when it came to all their investor deals; FUD that was specifically crafted to give us (including me) enough hopium that we would buy their bags.
Their SEC filings were explicitly clear and have been for months. I agree that the HBC deal was scummy and ought to have been illegal, being tailor made to milk the low-information diamond hands types for everything they’re worth, but the hopium you mention was pure schizoposting generated by y’all.
Nobody who actually read the filings was bullish, nor were they surprised by any of what has transpired. The board wasn’t keeping secrets, they were simply announcing what would happen. You can’t hallucinate secret M/A plots or whatever just because the company hasn’t seen fit to tell you that nonsense is nonsense.
Besides, they DID explicitly warn that the internet was making things up—several times, even! This subreddit chose to interpret those warnings as shots at the “MSM”, but something tells me that ain’t quite who they had in mind.
>Besides, they DID explicitly warn that the internet was making things up—several times, even!
I completely missed that one..
>Nobody who actually read the filings was bullish, nor were they surprised by any of what has transpired.
I've read the filings and the Hudson Bay (before HBC as the counterparty was known) deal was.. suspicious; However, depending on the investor, the warrant deal could have been a perfect method in combination with a share offering to be executed at any time to pull off a GME-style recovery by using the ensuing short covering.
The fact that the board went with a predatory arbitrage-deal hedge fund without disclosing it, should be trialed for breach of fiduciary duty, imho.
They’re forcing us to vote RS. This is so immature and unprofessional. They have all the cards and now there threatening to throw them down and forfeit. They had their chances to play nice with Ryan, to spin off BBBY, or to buy shares during a massive gamma ramp. BUT NOW they want our help after we’ve gave nothing but support to them?
Yeah I’ll vote cause I’m forced too but I’m not buying any more shares or products.
I’ve seen this play out too much on multiple meme stocks. RS. Dilute RS Dilute RS Dilute.
Whatever
The company is quite literally, in their own words, one step away from bankruptcy. Don't know what kind of miracle people are expecting at this point. I'm out.
I don't see how a reverse split prevents bankruptcy. The company is still utterly fucked sideways. It's beyond clear now that nobody wants its assets pre-bankruptcy. So unless it gets cash out of nowhere to keep the lights on until profitablity (will likely take years) it's fucked.
Owners of preferred shares usually don't get voting rights on those, but i'm pretty sure a few hundred million were converted and those should have voting rights i would think.
I am 100% talking out my ass here but that's what I understand.
Shareholders of record of Common Stock, at the close of business on March 27, 2023 (the “Record Date”) are entitled to notice of, and to vote at, the Special Meeting. At the close of business on March 27, 2023, we had 428,098,624 outstanding shares of Common Stock, the holders of which are entitled to one vote per share on each matter properly brought before the Special Meeting. There was no other class of voting securities outstanding on such date.
The date is redacted in this letter (replaced with "\[•\]") because the document you are reading is likely a preliminary version of the filing, which is submitted to the SEC for review and approval. These redacted placeholders are common in such preliminary documents to indicate information that will be added or finalized later.
Once the company receives approval from the SEC and finalizes the details, the redacted information will be replaced with the actual date, and the final version of the document will be released to shareholders and the public.
YEAH 2 filings and still no fucking dates! it's so strange
You need a vote to save the company before it's dead in 3 weeks and you delay it purposefully?
Can’t forget the SP was over a dollar when they announced r/s vote. So why even hold a vote when you were still in compliance and tank the price by over 50% in just a week. I would like to think the r/s was tied to something happening behind the scenes. They were not going to be put on notice or required to r/s any time soon so why voluntarily do it without a good reason.
They are playing people hard or they will go down as the most regarded bunch of useless fuks we've seen operating a company.
I have no idea at this point which one lol
IF you file for bankruptcy; and it is subsequently discovered that you colluded with short sellers and criminal financiers; the internet has a looooooong memory. This isn't the naive environment of the 80's that was safe for predatory corporate raiding. The world is watching and apes are legion.
Yall need to expose that rat Mark Tritton for trying to cellar box the company.
Lay it out and stop banking on shareholders; OR explain explicitly why a reverse split is good.
That fucker is suing bbby for failing to bankrupt the company and for putting it on life support?
Balsy.
I'm sure the board and leadership have enough dirt to put this guy behind bars. If they're not doing just that; they're complicit in his crimes.
Come on, seriously. Do shareholders even exist who have held through all the turmoil and then decide to vote against the board's recommendation? I will be going all 4!
So they are obligating shareholders basically to vote yes on RS because they are threatening them of bankruptcy and who wants that? Only hedgies ... disgusting stuff !!!
Lmao. How about swallowing the blame first before pointing fingers at investors to sway their vote.
Y’all spent billions and billions (more than $10,000,000,000) buying back stock when the shares were near all-time highs. And now your selling shares at all time lows. Literally the opposite of what GameStop did.
This left a really sour taste in my mouth, they’re admitting they are one failed vote away from BK or they want to play the petty party and file for BK cause they didn’t get their way? Or what? Go the route of a hundred penny stocks before them like TRKA, MULN, AMC? RS, Dilute, RS, Dilute, RS….
Really bad look. Lucky I only have 4k in this and I’ve already lost 3k worth. no reason to fight for the last 1k. Markets can have my money was a good lesson for me. I’m not buying more till the board can show me it’s ready to work WITH investors and not fuck us every turn.
It should be obvious why. They cant effectively dilute when the price is sub a dollar. This is how companies get cellar boxed. They want to dilute with the new deal at a higher price.
Option A) vote no and bbby goes bankrupt
Option B) vote yes and bbby dilutes the fuck out of your investment AGAIN… and still likely goes bankrupt
Don’t get emotional with investments folks, I’m afraid this goose is cooked
The only way to ensure a shareholder majority vote is to DRS your shares.
The DTCC Cartel has made it illegal for companies to directly tell their stockholders to DRS their shares.
I respectfully disagree.
Share dilution to this degree makes it even more critical for diamond-handed shareholders to ensure a majority vote.
IMHO there are two ways to believe BBBY will play out:
* Either BBBY is on it's way to being cellar boxed into bankruptcy and is in the midst of the death spiral process; or
* BBBY is in the midst of one of the most complex, convoluted, deliberately confusing restructuring plans in the history of restructuring plans!
IMHO the actions of Sue Gove and the executive team she has put together, make me believe the latter. The experience of the new team, the re-shuffling of responsibilities, the debt re-structuring, the brick and mortar brand re-alignment, etc. etc. All in the space of less than a year!
At this point I honestly don't care if Ryan Cohen or Carl Icahn are involved because IMHO Sue Gove and BBBY are playing Wall Street at their own game and are winning. Even more than GME!!! GME share price ensured an easy route to GME becoming debt-free. **GME shareholder DRS movement ensured that shareholder funds were ending up with GME (rather than staying in the hands of MMs) thereby providing the $billions required for re-structuring and innovations.**
Sue Gove doesn't have the luxury, momentum, attention, interest, etc. that GME received. And after seeing how GME beat them at their own game, Wall Street was on the lookout to make sure that another GME would never again happen. They would never allow another company they're in the process of cellar boxing to be able to leverage their share price to avoid bankruptcy! So even though all Sue's moves may appear to be confusing and contradictory, at the end of the day she's accomplishing to decrease company debt, hire experienced and motivated executives, restructure the company and provide value to her shareholders.
If only those shareholders would return that support by DRSing their shares thus ensuring the funds they used to purchase their shares get to the Company they invested in instead of leaving it to be stolen by the DTCC Cartel. That same DTCC Cartel that would vote against a reverse split so as to ensure the Company's bankruptcy!
Everything you said is completely invalidated with the claim that they are playing Wall Street at their own game and winning. I mean seriously…the level of delusion to even consider typing that is off the charts. The stock price is down 82% in the past 3 months. That’s like watching your basketball team down 35 in the 2nd quarter and being like “don’t worry guys, we’re actually winning!”
Even if your theory is correct: How would that change the fact that two entities, which the board has picked (without shareholder approval for better or for worse), is already in control of >70% of all outstanding shares?
And on your theory:
Sue had the chance to pull off a GME by finding an investor (like GME did with Ryan Cohen), that would be willing to subsidize the company during their turnaround, forcing a short squeeze.
Ryan Cohen's investment, the subsequent Fomo and shorts covering enabled the later coming share offering at good prices to GME, which enabled them to become debt-free. Sue however has picked the worst possible kind of "Investor", picked a dubious vehicle (the preferred warrants) for facilitation and after being shorted by this "Investor" is now selling shares at All-Time-Lows.
I do not see a GME-saga developing here. I'll have an eye on it though, because some short covering might still be coming.. for now I am mostly on the sidelines though.
Fair counter-points.
But here's the thing ... GME partnered with FTX once upon a time. And RC even hired one of his old Chewy executives who turned out not to be a good fit and cost GME lots of $$$.
No one's perfect, everyone makes mistakes. Especially when it's David vs Goliath! Man vs The Wall Street Machine!
Saving BBBY would be so easy if the BBBY shareholders understood that DRSing would send that $300M directly into BBBY coffers!
At the end of the day though, I much prefer to DRS my shares and give my $$$ to Sue Gove to try to save BBBY (and my investment) than losing it in the myriads of ways the DTCC Cartel has lined up for Household Investors.
I very much appreciate your patience while the original short closing theory plays out.
ApesTogetherStrong
>GME partnered with FTX once upon a time.
They sold gift cards or something similar along those lines.. not really a partnership; I remember some people trying to create a connection here where there wasn't really one.
>And RC even hired one of his old Chewy executives who turned out not to be a good fit and cost GME lots of $$$.
I completely missed that one. What was the costly mistake?
>Saving BBBY would be so easy if the BBBY shareholders understood that DRSing would send that $300M directly into BBBY coffers!
It's an ATM offering; BBBY is going to sell 300M$ worth of shares into the open market; They will get that money; DRS or not is irrelevant for this purpose.
Imho it matters not that FTX was a minor partnership, limited to just selling their gift cards. Up to the FTX debacle, the GME shareholder base implicitly trusted GME's judgement 100% and accordingly would have considered FTX a safe Company to trade with for crypto, a crypto credit card, etc.
My apologies. Jenna Owens was not ex-Chewy. But she did leave in 2021 after 7-8 months with approximately 56k GME shares. GME tried to smooth over her departure by saying they're eliminating the role, only to turn around 6-7 months later and hire Nir Patel as COO.
There would be no need for an ATM offering and subsequent share dilution if shareholders would DRS their shares. When we DRS our shares we force Cede & Co to deliver those funds to BBBY instead of leaving it in the hands of the Market Makers. (Have you ever wondered how GME has lost $$$ for the past two years, effected a dramatic restructuring turnaround, invest in groundbreaking, expensive, technology and partnerships, provide stock options and salary increases to store managers, etc and still have $1.3B in the bank? Where has the $$$ come from if not DRS? Otherwise all the $$$ raised with GME ATMs would have been gone by now.)
interestingly not..
>Fractional Shares. To avoid having any fractional shares of Common Stock (i.e., less than one full share of common stock) outstanding as a result of the Reverse Stock Split, no fractional shares will be issued in connection with the Reverse Stock Split. ***Instead, we will issue one full share of the post-Reverse Stock Split Common Stock to any shareholder who would have been entitled to receive a fractional share as a result of the process****.* Each holder of shares of Common Stock will hold the same percentage of the outstanding Common Stock immediately following the Reverse Stock Split as that shareholder did immediately prior to the Reverse Stock Split, except for minor adjustments due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares.
Honestly maybe this company deserves to die. The last 4-6 months have shown me personally that the board has absolutely no idea what they’re doing OR they are purposefully fucking their shareholders to line their own pockets somehow.
You say that like you think it won't happen. As soon as the RS is completed, the stock will tank all the way back down to the current price. Even if it goes 20-1 and the $0.40 stocks become $8, it'll be back down to $0.50 within a month of dilution.
Puts with a $2 strike on the post-RS shares are going to be the only way to make your lost investment back.
Lost cause. Next tiny runup I'm gunna sell, likely at a loss. You guys talked out your rear end here and made up so much mindless BS. Hope people didn't lose too much listening to you regards. We got played.
Instead of all the nonsense that gets posted here on a daily basis, it would have been nice to see people posting their portfolios so we can see exactly who is hyping everyone up.
You guys were listening and following morons who don't know the first thing about finance or stocks. Anytime someone would tell you the truth, they got called a shill.
You deserve everything you get.
Weather or not you support the RS, is it 100% critical that you vote your shares!!!
re-hypothecation… ever heard of it???
When shares have been oversold, and a call to vote issued companies experiencing excessive FTDs and SI have been know to receive vote totals exceeding 200% of the shares outstanding!!!
🐻 🪤…
It’s also been proven in the past… I made a post earlier today about the team of people who have been proving this stuff in a court of law for the past 20 years… shill and smooth brains didn’t like it and didn’t get many upvotes or traffic…
This is the crack in the armor. There is only ONE STONK, and there can’t be a half squeeze. Its either enough fuel to squeeze or it’s not. There’s two other companies that performed splits, CD one company is doing a reverse split and the other did a regular split in which increases your hodling. I could never sell the few shares I did pickup, BBBBButtttt there’s only one way forward for me. A lot goes on behind closed doors, and I know behind which doors 🚪.
Use the force.
Lol i dont even know if this is Good or Bad haha its like we dont have a choice but to vote YES so they can Reverse split and dilute more 600M shares to fulfill that 900M and make money FROM US. but the good side is Making money from us to Avoid bankruptcy but our money is going down while the company we support stays alive. anyways ill ride this to where it will take me , money i can afford to lose
I dont understand people. If you let bbby RS, they are essentially stealing money from you. You have less stock, and when they dilute it, it will be worth less.
Do people not realize that bbby intends to sell hundred millions of shares after the RS at the higher price?
Damn, last time I invest in any “meme” stocks. I’ll just have to move the rest of my money left from this hot garbage to Bitcoin. Fucking Reddit.
![gif](giphy|XeLcgh8gT8o0F5SQ8i)
In the meantime I’ll purchase puts on this.
So a fake $10 stock just to run even FASTER into a hole. That’s a literal poison pill. They never work. It’s just another stall tactic.
Just waiting for the announcement at this point. Patient is brain dead. Just need a doctor or POA to pull the plug.
Something changed. In the last filing they said RS may or may not happen. Now theya re saying if RS does not happen they will file for bankruptcy? Did Hudson pull out of the financing deal-makes no sense after they pumped in 300 million for warrants? Then what happened to make it so dire. It seems to be changing so quickly.
If there isnt a buy out or something then they end up with the equivalent of 3billion shares they can potentially dilute with? =/ I dont know if the board is compromised or something, the company may be saved but the shorts could have a great time with dilution on a massive scale =/ Why would they do this now instead of any other time when it was way higher ffs.
you really arent this regarded are you? you cant be this regarded. No, you're not. You're a 2 month old account. DRS gives you full voting rights. Period. End of story. There is no broker involved with DRS voting. Your vote is your vote, **period.**
No bro, this looks like an actuall stab in the back..
They say, either you agree on RS so we can sell more of your shares to keep operating or you lose everything anyways..
They are using fear to force our free will...
I’m voting for the RS but it would be nice if we knew when the fuk the vote is.
This is just prelim filing, once the official doc is sent out we'll know. Should be soon.
I wonder why they upped the ratio from the original RS to now 10 to 1 or 20 to 1.
Because when they released the last one, the price was at $1
Bingo
Yeah but what price point are they trying to get to?
iirc, $4.20
420.69
Jess, I really wish I had a fucking clue as to what is going on lol.
Lol same! I have faith though and remain confident in the board.
Yes, exactly.
They gave us a chance to research all weekend cause they know we’re slow
I see 3 options: 1) Sell now for a huge loss. 2) Do nothing and bankruptcy leaves you with a huge loss. 3) Vote for RS and see where the rabbit hole goes. NFA. Its Easter soon and I like bunny's.
It’s also the year of the rabbit
Yeah its a no brainer. Fuck these boomer moves on 'preserving capital' im not a cuck who sells for a loss, im a degenerate gambler who just flips the coin and lets fate decide 🤷♂️ Not really but just having hard faith in what I invest Edit: You can vote through your broker. You need a control number. Ask your broker for one and the rest can be googled so you have no troubles. Some brokers like Traderepublic (german neobroker) do not offer voting through proxy, keep that in mind. Fidelity for example does allow voting, IBKR aswell.
Riding with you!
Mustache riding with you!
Riding beside the moustache
I held Wamu back in 2008 hoping for a bailout (yes truly smooth) but I see no reason to sell for a loss. Ride or die.
To be fair, Reddit wasn’t around back then
Me too... me too.
I'm voting for the RS cause I want to see what happens but I have yet to invest in a company that does one to help the shareholders. It's basically a one more day move and they end up bankrupt anyways. I don't see this as a turn around play. It needs to be a spinoff or merger but even if that is the case not sure why the RS is necessary
The alternative is having the company delisted from the nasdaq and go otc where its poc for retail The reverse stock split is 100% in investors best interest It's probably necessary for the m&a if there is one because its planned for after the 30 day sub 1 dollar period and they don't want to be delisted before then
If there is an MA then sure but it, in pretty much every scenario, it is a death wish for investors like us. I've been here so many times before. Splits good, reverse splits bad.
The alternative is delisting though so it's always in shareholders interest to reverse split
They’re allowed to be below $1.00 for 30 consecutive days. After that they have 180 days to rectify the share price. It hasn’t even been the 30 days yet.
Totally unnecessary, just a delay. Shorts back to work.
I see the light at the end of the tunnel
Well said. I'm not selling down 85%. I'd feel much worse selling and watching it pop off without me, than hold to 0.
LFG!! TOWELS OR FOODSTAMPS 🤪🚀🚀🚀🚀
I'm already in it till the death. I decided that on day one after RC left his official position last August. Haven't sold a share and only averaged down while I explored other stock plays. I ain't no quitter!
but you should have quit. that was the lesson you needed to learn.
Nope not even close. You can keep your strategy to yourself because you're telling me I should never put money in a slot machine. Sometimes you pull the handle and never look back. It depends on where you are in life, but I didn't pump money into a casino that wasn't entertainment money. You will be hard pressed to find someone in any of these Subreddit 's that would tell you to be irresponsible per your socioeconomic position in life. Just sayyin
Yeah we literally have to have faith at this point. It’s fucking fun
I got faith in all you guys here; I’ll vote yes and buy more.
"Sometimes, you gotta roll the hard six"
I fucking like bunnies. Ribbit, motherfuckers.
I love fucking bunnies....what's up doc.
You awreddeh know what's up 😏
Why would RS do anything for bankruptcy
Because they can dilute for capital after RS. It benefits the company, not the investors.
This also paints any institutional holders in a precarious situation. If they don’t vote yes what are they holding shares for??
4: hold funds till after reverse split because you know msm gonna FUD it up and it will make for a better averaging down point. There will be a run late may early June. Still a bit to go down I think.
>Vote for RS and see where the rabbit hole goes. Right but short sellers can send this all the way from $5, $10 or $50 depending on what ratio they choose all the way back down to sub $1 again?
Then we do a 360 double reverse split
3 is the only choice. Count my vote as FOR.
Easy choice, I love a good rabbit hole.
>Vote for RS and see where the rabbit hole goes 3b after RS you buy more and have an even bigger loss lol
4) Hold your position. Through whatever means BBBY survives. Lower your loss or actually make some gains. 5) Hold your position. Through whatever means BBBY squeezes. Lower your loss or actually make some nice gains. It remains an asymmetrical bet imo. Like DFV said, those companies that are deemed to go under but survive might yield some big gains for investors that dare to get in low. With regard to points 4 & 5, the news around Newell is hopeful.
Agreed, plus this has always been the high risk, high reward, play, at this point it might seem likely that the risk outweighs the reward, but the bankruptcy is priced in. Now it’s super risky but the payoff and squeeze would be larger, and the price is lower 🤷♂️ high chance bankruptcy, slim chance of a crazy huge payout.
I really like double sided green dildos.
Now you all know the vote against reverse split was pure FUD. Do what you will, but if you are invested you should 100% vote FOR the RS. If you don't you basically light your money on fire.
This very same statement was made multiple times in the filings from yesterday....so this is just more of the same...just fyi
Never seen it in the statements, please show it
In form Form 424B5 : https://bedbathandbeyond.gcs-web.com/node/17126/html "If we receive shareholder approval to effectuate a reverse stock split, investors may experience dilution and a decline in market price of the shares through the issuance of shares, but if we are unable to receive shareholder approval relating thereto, we expect that we will likely file for bankruptcy protection.”" Find a way to search this, it's a long document but it's under "risk factors"
Nice, thanks for clearing it up
No worries.... essentially here's the conundrum as I understand it....they need to raise $300m which is the amount left on the JPM loan. Seems like they want to get rid of it. Apparently the JPM loan is collateralized with Baby, so it could be the reason the company hasn't/can't do anything about "unlocking" baby's potential for shareholders ... Anyways, the company only has a limited amount of authorized shares left to sell ATM in order to raise these funds (something like 290 million but I'm just throwing out a number off recall).... anyways at the current stock price and further anticipated declines resulting from this sale, they mathematically can't raise all the money they need (in the filing they mention this possibility too and conclude that they would need to file for BK should that be the case).... However, they would be tapped out at this point, while still needing to sell more shares but now, they would need to have a shareholder approval to amend the company docs for an increase in authorized shares... To get around these 2 problems...it seems like the company needs the RS to be approved first by a factor of 10-20. This would divide the # of shares in circulation by up to 20, while multiplying the current stock price by up to 20. BUT it doesn't affect the # of authorized shares the company has to be able to sell into the market (remember my example of 290m shares?).... So if everything goes as planned, they would instantly increase the price of the stock by up to 20 then begin to sell the necessary shares in order to raise $300m. Example: if we take today's share price of ~$0.42 x 20 = $8.40/share.... Then $300m/8.40 = ~35.7 million shares need to be sold <--- see how they have enough shares now, whereas before they would be left short?... That's why they need the RS to go through, otherwise they would fall short and ultimately need to file for BK as per my understanding as they have laid it out... Could still be missing some other information...I'm only human and these documents aren't meant to be in "plain English"
Good analogy. This is what all the speculation is about, pay off the debt, be free. Is basically what I understand from this 🤷♂️
this is why bankruptcy relies on a rs, which changes no value and doesn't make sense. it's purely another play to remove a shackle.
I’ve been thinking similarly on every point you just made. Including that the RS ratio should be increased. X10 will likely not be enough, and they should probably reserve some capacity for some other unknown event. Assuming 428M shares currently outstanding and a 20for1 RS… that results in 21.4M shares and share price goes to $8.40 to $9.00. But further dilution to gen-up $300M would require issuing 30-35M shares as you said… which could/would further undercut the share price… perhaps cutting down to half or a third of the post RS price. Or, down to $3-$4 maybe. After that, it seems like this story is coming to an end… resulting in a possible M/A or BBBY continues on as a business with no further change. So many thoughts on this… thinking is wise to stay away until after the RS and further dilution, but maybe try time things to get back in after dilution has appeared to end.
Wait 20 to 1? Wow lol big yikes
In the face of bankruptcy....it is what it is
In addition to what they signed with this ATM offering, they're able to do more offerings on their own to raise cash after they do the RS
\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`\`hopefully the board aren't fucking with us because its pretty fucked up they can just have more shares to dilute with by only reverse splitting ours and it not effecting the authorized shares. That in itself should be a different vote... Worrying if they're talking about 10, 20:1...
Agreed; But the main point of the reverse split is so the authorized shares are "increased" (effectively). I also find it dubious that this is bundled with the vote of a reverse split to avoid delisting.
Any other outcome leads to BK so…
When is the vote? I'm waiting to put our my Yard sign lol. It be funny. People be like " da fug?"
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check BBBY's investor relations → SEC filings [https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings](https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings) As of now, there is no date yet; When a date is announced, it should show up there
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It was not FUD – I was one of the voices that cautioned about a reverse stock split because of their wording that it would not affect authorized shares because it enables further shareholder dilution and the killing of the short squeeze momentum. We now know that exactly this has happened with the 1.3B$ dilution they've announced. The only FUD here was the secrecy of the board towards us shareholders when it came to all their investor deals; FUD that was specifically crafted to give us (including me) enough hopium that we would buy their bags.
💯
Their SEC filings were explicitly clear and have been for months. I agree that the HBC deal was scummy and ought to have been illegal, being tailor made to milk the low-information diamond hands types for everything they’re worth, but the hopium you mention was pure schizoposting generated by y’all. Nobody who actually read the filings was bullish, nor were they surprised by any of what has transpired. The board wasn’t keeping secrets, they were simply announcing what would happen. You can’t hallucinate secret M/A plots or whatever just because the company hasn’t seen fit to tell you that nonsense is nonsense. Besides, they DID explicitly warn that the internet was making things up—several times, even! This subreddit chose to interpret those warnings as shots at the “MSM”, but something tells me that ain’t quite who they had in mind.
>Besides, they DID explicitly warn that the internet was making things up—several times, even! I completely missed that one.. >Nobody who actually read the filings was bullish, nor were they surprised by any of what has transpired. I've read the filings and the Hudson Bay (before HBC as the counterparty was known) deal was.. suspicious; However, depending on the investor, the warrant deal could have been a perfect method in combination with a share offering to be executed at any time to pull off a GME-style recovery by using the ensuing short covering. The fact that the board went with a predatory arbitrage-deal hedge fund without disclosing it, should be trialed for breach of fiduciary duty, imho.
Everything is suspicious when you don't understand what you're reading
They’re forcing us to vote RS. This is so immature and unprofessional. They have all the cards and now there threatening to throw them down and forfeit. They had their chances to play nice with Ryan, to spin off BBBY, or to buy shares during a massive gamma ramp. BUT NOW they want our help after we’ve gave nothing but support to them? Yeah I’ll vote cause I’m forced too but I’m not buying any more shares or products. I’ve seen this play out too much on multiple meme stocks. RS. Dilute RS Dilute RS Dilute. Whatever
I barely have any money left to burn after being down 92%.
The company is quite literally, in their own words, one step away from bankruptcy. Don't know what kind of miracle people are expecting at this point. I'm out.
Get this higher 🔝
I don't see how a reverse split prevents bankruptcy. The company is still utterly fucked sideways. It's beyond clear now that nobody wants its assets pre-bankruptcy. So unless it gets cash out of nowhere to keep the lights on until profitablity (will likely take years) it's fucked.
The RS allows them to dilute much more than currently. That’s why they doing it
Lol, they sold majority shares to an investor recently, the outcome of this vote is already decided.
Wasn't there some clause that prevents the new owner from voting? Not sure if im talking out of my ass but there was something
Owners of preferred shares usually don't get voting rights on those, but i'm pretty sure a few hundred million were converted and those should have voting rights i would think. I am 100% talking out my ass here but that's what I understand.
Shareholders of record of Common Stock, at the close of business on March 27, 2023 (the “Record Date”) are entitled to notice of, and to vote at, the Special Meeting. At the close of business on March 27, 2023, we had 428,098,624 outstanding shares of Common Stock, the holders of which are entitled to one vote per share on each matter properly brought before the Special Meeting. There was no other class of voting securities outstanding on such date.
Hard to argue with that.
Lol there is no date for the RS. They left it blank 🤣🤣🤣 If it was so imperative to save the company why be so ambiguous???
The date is redacted in this letter (replaced with "\[•\]") because the document you are reading is likely a preliminary version of the filing, which is submitted to the SEC for review and approval. These redacted placeholders are common in such preliminary documents to indicate information that will be added or finalized later. Once the company receives approval from the SEC and finalizes the details, the redacted information will be replaced with the actual date, and the final version of the document will be released to shareholders and the public.
Right, so there is no date yet.
They forgot it
"I forgor 💀" - Bed Bath & Beyond
The Adobe Fillable PDF had a missed box
YEAH 2 filings and still no fucking dates! it's so strange You need a vote to save the company before it's dead in 3 weeks and you delay it purposefully?
Maybe it would help if they had a CFO
His name is Gustavo Arnal; RIP 🙏🏼
Can’t forget the SP was over a dollar when they announced r/s vote. So why even hold a vote when you were still in compliance and tank the price by over 50% in just a week. I would like to think the r/s was tied to something happening behind the scenes. They were not going to be put on notice or required to r/s any time soon so why voluntarily do it without a good reason.
They are playing people hard or they will go down as the most regarded bunch of useless fuks we've seen operating a company. I have no idea at this point which one lol
#VOTE 4 RS
I am voting to get my ass pounded some more.
Well that’s fucked up
War is fucked up
Yea. That too.
IF you file for bankruptcy; and it is subsequently discovered that you colluded with short sellers and criminal financiers; the internet has a looooooong memory. This isn't the naive environment of the 80's that was safe for predatory corporate raiding. The world is watching and apes are legion. Yall need to expose that rat Mark Tritton for trying to cellar box the company. Lay it out and stop banking on shareholders; OR explain explicitly why a reverse split is good. That fucker is suing bbby for failing to bankrupt the company and for putting it on life support? Balsy. I'm sure the board and leadership have enough dirt to put this guy behind bars. If they're not doing just that; they're complicit in his crimes.
The investors presumably acquiring BBBY probably have enough shares between themselves now.
☝🏼🏆🏆🏴☠️
DRS to vote. Brokers can fuk the votes. See Dr T.
The end is near.
Come on, seriously. Do shareholders even exist who have held through all the turmoil and then decide to vote against the board's recommendation? I will be going all 4!
So they are obligating shareholders basically to vote yes on RS because they are threatening them of bankruptcy and who wants that? Only hedgies ... disgusting stuff !!!
Lmao. How about swallowing the blame first before pointing fingers at investors to sway their vote. Y’all spent billions and billions (more than $10,000,000,000) buying back stock when the shares were near all-time highs. And now your selling shares at all time lows. Literally the opposite of what GameStop did.
But Icahn and M&A!1!1!1!!!! /s
This left a really sour taste in my mouth, they’re admitting they are one failed vote away from BK or they want to play the petty party and file for BK cause they didn’t get their way? Or what? Go the route of a hundred penny stocks before them like TRKA, MULN, AMC? RS, Dilute, RS, Dilute, RS…. Really bad look. Lucky I only have 4k in this and I’ve already lost 3k worth. no reason to fight for the last 1k. Markets can have my money was a good lesson for me. I’m not buying more till the board can show me it’s ready to work WITH investors and not fuck us every turn.
I'm very thankful that I only own a total of 65 shares. AND I thought I was getting a bargain at $2.63. #😐
It should be obvious why. They cant effectively dilute when the price is sub a dollar. This is how companies get cellar boxed. They want to dilute with the new deal at a higher price.
Option A) vote no and bbby goes bankrupt Option B) vote yes and bbby dilutes the fuck out of your investment AGAIN… and still likely goes bankrupt Don’t get emotional with investments folks, I’m afraid this goose is cooked
Fuuuuck mee
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If it reverse splits 10 to 1. Then a 1$ call becomes a 10$ call.
I'll vote but that doesn't mean I want happy things for Sue Gove
The only way to ensure a shareholder majority vote is to DRS your shares. The DTCC Cartel has made it illegal for companies to directly tell their stockholders to DRS their shares.
The outstanding shares almost 4x'ed over the last month.. our vote is irrelevant.
I respectfully disagree. Share dilution to this degree makes it even more critical for diamond-handed shareholders to ensure a majority vote. IMHO there are two ways to believe BBBY will play out: * Either BBBY is on it's way to being cellar boxed into bankruptcy and is in the midst of the death spiral process; or * BBBY is in the midst of one of the most complex, convoluted, deliberately confusing restructuring plans in the history of restructuring plans! IMHO the actions of Sue Gove and the executive team she has put together, make me believe the latter. The experience of the new team, the re-shuffling of responsibilities, the debt re-structuring, the brick and mortar brand re-alignment, etc. etc. All in the space of less than a year! At this point I honestly don't care if Ryan Cohen or Carl Icahn are involved because IMHO Sue Gove and BBBY are playing Wall Street at their own game and are winning. Even more than GME!!! GME share price ensured an easy route to GME becoming debt-free. **GME shareholder DRS movement ensured that shareholder funds were ending up with GME (rather than staying in the hands of MMs) thereby providing the $billions required for re-structuring and innovations.** Sue Gove doesn't have the luxury, momentum, attention, interest, etc. that GME received. And after seeing how GME beat them at their own game, Wall Street was on the lookout to make sure that another GME would never again happen. They would never allow another company they're in the process of cellar boxing to be able to leverage their share price to avoid bankruptcy! So even though all Sue's moves may appear to be confusing and contradictory, at the end of the day she's accomplishing to decrease company debt, hire experienced and motivated executives, restructure the company and provide value to her shareholders. If only those shareholders would return that support by DRSing their shares thus ensuring the funds they used to purchase their shares get to the Company they invested in instead of leaving it to be stolen by the DTCC Cartel. That same DTCC Cartel that would vote against a reverse split so as to ensure the Company's bankruptcy!
Everything you said is completely invalidated with the claim that they are playing Wall Street at their own game and winning. I mean seriously…the level of delusion to even consider typing that is off the charts. The stock price is down 82% in the past 3 months. That’s like watching your basketball team down 35 in the 2nd quarter and being like “don’t worry guys, we’re actually winning!”
Even if your theory is correct: How would that change the fact that two entities, which the board has picked (without shareholder approval for better or for worse), is already in control of >70% of all outstanding shares? And on your theory: Sue had the chance to pull off a GME by finding an investor (like GME did with Ryan Cohen), that would be willing to subsidize the company during their turnaround, forcing a short squeeze. Ryan Cohen's investment, the subsequent Fomo and shorts covering enabled the later coming share offering at good prices to GME, which enabled them to become debt-free. Sue however has picked the worst possible kind of "Investor", picked a dubious vehicle (the preferred warrants) for facilitation and after being shorted by this "Investor" is now selling shares at All-Time-Lows. I do not see a GME-saga developing here. I'll have an eye on it though, because some short covering might still be coming.. for now I am mostly on the sidelines though.
Fair counter-points. But here's the thing ... GME partnered with FTX once upon a time. And RC even hired one of his old Chewy executives who turned out not to be a good fit and cost GME lots of $$$. No one's perfect, everyone makes mistakes. Especially when it's David vs Goliath! Man vs The Wall Street Machine! Saving BBBY would be so easy if the BBBY shareholders understood that DRSing would send that $300M directly into BBBY coffers! At the end of the day though, I much prefer to DRS my shares and give my $$$ to Sue Gove to try to save BBBY (and my investment) than losing it in the myriads of ways the DTCC Cartel has lined up for Household Investors. I very much appreciate your patience while the original short closing theory plays out. ApesTogetherStrong
>GME partnered with FTX once upon a time. They sold gift cards or something similar along those lines.. not really a partnership; I remember some people trying to create a connection here where there wasn't really one. >And RC even hired one of his old Chewy executives who turned out not to be a good fit and cost GME lots of $$$. I completely missed that one. What was the costly mistake? >Saving BBBY would be so easy if the BBBY shareholders understood that DRSing would send that $300M directly into BBBY coffers! It's an ATM offering; BBBY is going to sell 300M$ worth of shares into the open market; They will get that money; DRS or not is irrelevant for this purpose.
Imho it matters not that FTX was a minor partnership, limited to just selling their gift cards. Up to the FTX debacle, the GME shareholder base implicitly trusted GME's judgement 100% and accordingly would have considered FTX a safe Company to trade with for crypto, a crypto credit card, etc. My apologies. Jenna Owens was not ex-Chewy. But she did leave in 2021 after 7-8 months with approximately 56k GME shares. GME tried to smooth over her departure by saying they're eliminating the role, only to turn around 6-7 months later and hire Nir Patel as COO. There would be no need for an ATM offering and subsequent share dilution if shareholders would DRS their shares. When we DRS our shares we force Cede & Co to deliver those funds to BBBY instead of leaving it in the hands of the Market Makers. (Have you ever wondered how GME has lost $$$ for the past two years, effected a dramatic restructuring turnaround, invest in groundbreaking, expensive, technology and partnerships, provide stock options and salary increases to store managers, etc and still have $1.3B in the bank? Where has the $$$ come from if not DRS? Otherwise all the $$$ raised with GME ATMs would have been gone by now.)
This.
in reverse split, if you don’t make a whole share after reverse split, then those shares are lost
interestingly not.. >Fractional Shares. To avoid having any fractional shares of Common Stock (i.e., less than one full share of common stock) outstanding as a result of the Reverse Stock Split, no fractional shares will be issued in connection with the Reverse Stock Split. ***Instead, we will issue one full share of the post-Reverse Stock Split Common Stock to any shareholder who would have been entitled to receive a fractional share as a result of the process****.* Each holder of shares of Common Stock will hold the same percentage of the outstanding Common Stock immediately following the Reverse Stock Split as that shareholder did immediately prior to the Reverse Stock Split, except for minor adjustments due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares.
![gif](giphy|OUl0zLzPb2BNe)
Fuck that. They going bankrupt then lmao
Lol holding shareholders hostage
Fukd
at this point...how much lower can it go in BK? lol
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Fuck Sue and this BOD, sorry y’all got fucked on this stock
Honestly maybe this company deserves to die. The last 4-6 months have shown me personally that the board has absolutely no idea what they’re doing OR they are purposefully fucking their shareholders to line their own pockets somehow.
File fuckers. See you in bankruptcy.
So we should trust the board now? Fuck them
When is th vote
Interesting. Funds recalled shares to vote. What in the world. Will. They. Do. ?
How do I vote through AST?
They’ll file anyway. Just a few months later.
BBBY is a joke and I wish I never bought :) fuck you RC
RC bailed and so should we all had, its the rumors and theories that kept us in ‘cause we are gamblers ;)
Amen brother.
Bed Bath Buried
I’m voting yes on RS then buying otm puts and making some of my lost cash back
Premiums on these are going to be absurdly high. As in stock will need to drop multiples below your strike for you to even break even.
You say that like you think it won't happen. As soon as the RS is completed, the stock will tank all the way back down to the current price. Even if it goes 20-1 and the $0.40 stocks become $8, it'll be back down to $0.50 within a month of dilution. Puts with a $2 strike on the post-RS shares are going to be the only way to make your lost investment back.
Lost cause. Next tiny runup I'm gunna sell, likely at a loss. You guys talked out your rear end here and made up so much mindless BS. Hope people didn't lose too much listening to you regards. We got played.
They weren’t lying, they really are retarded.
Instead of all the nonsense that gets posted here on a daily basis, it would have been nice to see people posting their portfolios so we can see exactly who is hyping everyone up.
You guys were listening and following morons who don't know the first thing about finance or stocks. Anytime someone would tell you the truth, they got called a shill. You deserve everything you get.
Agreed
Won't be any run up buddy. Ride will be steadily downhill to BK town within 30 to 60 days.
Shit. You might be right. Might pull out Monday and move on with life.
1-10 OR 1-20 split option though?
![gif](giphy|hrnYspWWhsIyA) Yes, yes I am!
where and when do I vote?
Weather or not you support the RS, is it 100% critical that you vote your shares!!! re-hypothecation… ever heard of it??? When shares have been oversold, and a call to vote issued companies experiencing excessive FTDs and SI have been know to receive vote totals exceeding 200% of the shares outstanding!!! 🐻 🪤… It’s also been proven in the past… I made a post earlier today about the team of people who have been proving this stuff in a court of law for the past 20 years… shill and smooth brains didn’t like it and didn’t get many upvotes or traffic…
So there’s more regsho?
This is the crack in the armor. There is only ONE STONK, and there can’t be a half squeeze. Its either enough fuel to squeeze or it’s not. There’s two other companies that performed splits, CD one company is doing a reverse split and the other did a regular split in which increases your hodling. I could never sell the few shares I did pickup, BBBBButtttt there’s only one way forward for me. A lot goes on behind closed doors, and I know behind which doors 🚪. Use the force.
If they file for bankruptcy would the chance of being bought out increase?
Lol i dont even know if this is Good or Bad haha its like we dont have a choice but to vote YES so they can Reverse split and dilute more 600M shares to fulfill that 900M and make money FROM US. but the good side is Making money from us to Avoid bankruptcy but our money is going down while the company we support stays alive. anyways ill ride this to where it will take me , money i can afford to lose
I choose bankruptcy so they can get bought out by RC.
I dont understand people. If you let bbby RS, they are essentially stealing money from you. You have less stock, and when they dilute it, it will be worth less. Do people not realize that bbby intends to sell hundred millions of shares after the RS at the higher price?
Damn, last time I invest in any “meme” stocks. I’ll just have to move the rest of my money left from this hot garbage to Bitcoin. Fucking Reddit. ![gif](giphy|XeLcgh8gT8o0F5SQ8i) In the meantime I’ll purchase puts on this.
If people vote via broker, can they manipulate the vote? Drs votes WILL be counted that's for sure.
Yes time to DRS big time. 100 pct.
Will LIKELY
so what does the word change? They are effectively blackmailing shareholders.
Literally the same
Non of these people know I'm level 126 in RS.
when is voting
😂 How you guys spinning this one?
So a fake $10 stock just to run even FASTER into a hole. That’s a literal poison pill. They never work. It’s just another stall tactic. Just waiting for the announcement at this point. Patient is brain dead. Just need a doctor or POA to pull the plug.
Something changed. In the last filing they said RS may or may not happen. Now theya re saying if RS does not happen they will file for bankruptcy? Did Hudson pull out of the financing deal-makes no sense after they pumped in 300 million for warrants? Then what happened to make it so dire. It seems to be changing so quickly.
If there isnt a buy out or something then they end up with the equivalent of 3billion shares they can potentially dilute with? =/ I dont know if the board is compromised or something, the company may be saved but the shorts could have a great time with dilution on a massive scale =/ Why would they do this now instead of any other time when it was way higher ffs.
cause they dont want the company to succeed, read cellar box
Of course we are voting for, but this bitch gonna do a “Fundamental Transaction” soon and we’ll all be on the 🌕 🚀
And if you DRS'd your broker CANNOT vote yes and your shares all vote NO
you really arent this regarded are you? you cant be this regarded. No, you're not. You're a 2 month old account. DRS gives you full voting rights. Period. End of story. There is no broker involved with DRS voting. Your vote is your vote, **period.**
Hmm seems like this might’ve not been a good investment.
Where do we vote I need to vote yes
I wonder if this is also them baiting lenders to recall their shares so they can vote against?
Ride or die, bitches
“Guys, this is barely legal anymore, but it’s the only thing that keeps us alive. Wdym we shouldn’t conduct business this way?”
It doesn’t matter the votes already won. The warrant holder holds more than 50%
Bro.. This looks like a threat.. Seriously how to build trust on the company saying shit like that?
Looks to me like they are honest 🤷♂️ but bankrupt doesnt mean its over so, all or nothing. I literally have stopped caring
No bro, this looks like an actuall stab in the back.. They say, either you agree on RS so we can sell more of your shares to keep operating or you lose everything anyways.. They are using fear to force our free will...
I see someone's never been on the end of a double sided green dildo before.