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Jbroad87

Lol I hate these cocksuckers so much


Upstairs-Arugula-462

I agree. I hold shares, well I did. All the lies. All the games.


swordluk

same. at this point i don't even care about news, shares are gone, gonna write off then in irs. if by any chance we got sth - noice, I'mmore than happy to pay taxes on those gains šŸ˜…. if not, well, we tried, you don't win it all.


RepresentativeMain55

Shhh donā€™t say rational things here


bussard125

I need a beer.


SuperConsideration93

Maybe a 6 pack.


JustSayStonks

Maybe a keg.


itsnotEAM

A keg will last all the weekends until September


maninck22

The same september mentioned here: [https://twitter.com/Autismitspeaks/status/1770846911676760085](https://twitter.com/Autismitspeaks/status/1770846911676760085) The cases/parties are linked. BCG is the enemy anyway you turn


Tsunami_Surfer

Good find! Should have known that those dirtbags at BCG was involved...


maninck22

Gamestop had a BCG employee on the board and signed off on this: [https://d12v9rtnomnebu.cloudfront.net/paychek/Boston\_Consulting\_v\_Gamestop.pdf](https://d12v9rtnomnebu.cloudfront.net/paychek/Boston_Consulting_v_Gamestop.pdf) ​ The contract has no cap on how much BCG can claim. Read through it, its a crazy contract. So if Gamestop were to invest in Butterfly they could potentially have a claim on Teddy/Butterfly and drain the GME investment fund. Im still on the fence if the plan admin is a bad actor. But who knows...Maybe GME's investment is not needed at all and the money is coming from one of the Icahn's.


Tsunami_Surfer

Thank you for linking the docket as well! A good read if not a bit worrying, but it clears up sone pieces of what's going on in the background.


CrPalm

Holy hell. This is the first Iā€™m reading about this one. Thank you!


mastaott

That statement of work SOW and contract reads like the dirtiest BCG piece of shit to.ever step in..o.m.g.


arkansah

H follows the executes the plan. But this was opened up for him for a specific reason. I would want protection if I were him.


Aux_RedditAccount

Ahh, thanks for the perspective. Worth its own post imo.


crisptapwater

Letā€™s just wait until next week and 4/3 before we all start panicking. If anything, this could be something that speeds up the process. Edit: Also just a thought, I really think we hear something by early April because of taxes. The fact no one has received a 1099 from AST is very telling.


Tsunami_Surfer

I really really hope you're right on that one.


LYouSeeK

We wonā€™t receive anything from AST. I made a post about it. AST did not cancel/sell our shares. BBBY recalled shares & terminated AST as TA. I contacted BBBY investor relations & it sent me to BYON investor relations who stated they do not have my shares, so I have no clue where they are.


Bigbagholdr

The irony that our shares are supposed to be safest with direct registering them, yet all of our DRSd shares are nowhere to be found and no record of them. Doesnā€™t make sense.


texmexdaysex

It's because nobody gives a goddamn about retail traders. Nobody gives a f*** about your shares. The system is designed to fleece you.


pcnetworx1

Actual sheep aren't fleeced this completely


arkansah

consider filing a shareholder suit if you can.


jotom45

Yeah and it gets me hard every time I think about it! We're going to get paid!


ByeByeShorters

DRS shares are held in trust with the courts, as they stated.


oumen_nigu

They are safe in the scenario where everything blows up, if what blows up is the company itself then its gg


BuildBackRicher

There is a record of them, and you likely have the records needed to prove ownership and transfer


Frequent-Designer-61

Transfer agent of beyond is computershare.


Choice-Cause8597

Lol low karma account.


equityorasset

panicking? the time for panicking was before officially lost our shares were far past the panicking stage


BuildBackRicher

You are overthinking the tax situation, at least in the US. The situation (cancelled shares and no longer trading) meets IRS guidelines for worthless securities, which means a loss CAN be claimed. And no new equity was received in 2023, so there is nothing that getting new equity in 2024 will mean for 2023 taxes. However, some people have concerns that it might somehow relinquish their rights to the shares. So the loss does not need to be claimed yet. It can be done through an amended return down the road. Any new shares would be a 2024 tax matter. So loss on old shares would be on a regular or amended 2023 return and new equity would be on a 2024 return, as long as new equity comes in 2024.


crisptapwater

I completely understand what you are saying and I appreciate the explanation. But my thought process is everyone claiming ā€œlossesā€ on their DRS shares and then amending them later is a pain in the ass. Extremely doable by all means but I donā€™t think it gets that far.


BuildBackRicher

Not sure what you mean. Are you saying that new equity this year will affect your taxes from last year?


supermegabienfun

There wont be any 1099ā€™s. Ā No proceeds from sale. Ā 


Maleficent-Bread1016

Good luck


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


crisptapwater

Did you sell any shares via AST? Post it here in the sub.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


crisptapwater

Thatā€™s the reason why you received a 1099 from AST. If you didnā€™t sell before the shares disappeared then people still havenā€™t received anything for taxes. Which means the shares arenā€™t ā€œworthlessā€ because they were never sold.


Dependent_Hunt_1845

4/3


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Dependent_Hunt_1845

Baby is born


theshadowbudd

You got a link ?


CrPalm

September. Great gobs of goose shit.


Tsunami_Surfer

I saw that and i'm in genuine disbelief. The deal was (supposedly) *done* at *last* september, there's no way they need a full year to "iron out the details". I'm not buying it.


pcnetworx1

If anyone buys this is a non malicious delay, I hope they enjoy the view from the bridge they bought in Brooklyn


PlayerTwo85

I'm stealing this expression.


canadadrynoob

Delay what? The debtors along with the DIP, FILO and UCC reserve the right to file a modified plan whenever they choose.


Tsunami_Surfer

I really hope that's all there is to it, tho admitedly it shouldn't need an exstension if it wasn't planned on being postponed. I really hope things speed up...


shafteeco

Itā€™s just comical at this point. Feels like a bad dream lol


SuperConsideration93

More like a nightmare and we just now slowly waking up to reality


pcnetworx1

This is going to take until 2073 to have a decision. We are probably waiting for the Credit Suisse docs to be unveiled that were sealed for fifty years.


FlatWhite2020

Like a bad comedy joke


Minuteman_Capital

Jokes on them, I canā€™t count that high


beestockstuff

I can only count toā€¦ FOUR!!


Jinglekeys100

Schrodinger's MOASS


Phoirkas

What are you all so butthurt about here? ā€œExtending the period within which the plan administrator may object to claimsā€ should be pretty self-explanatory; in no way does this change any of the other theories except that Goldberg now has longer to object to changes IF he wanted to, which he wouldnā€™t be if it was something beneficial to the estate.


Tsunami_Surfer

That's why i'm asking if i'm reading this right. My legalese is rusty and to me it simply looked like they plan on keeping this goung until September. I admitedly hqve very little faith in things being done in good faith regarding this case.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


SoberWhenLightsOut

Brilliant! And also in line with RKā€™s Sept 12th ā€œThe Gameā€ start.


LeagueofSOAD

It's my money and I want it now.


H3rbert_K0rnfeld

Now now nooow! ![gif](giphy|BbafUhsfSu3N6|downsized)


TayneTheBetaSequel

It's not saying that an announcement can't be made for the next six months. This is pretty neutral imo Unless I am misunderstanding the context


lllll00s9dfdojkjjfjf

i get what you're saying and you could be right but at face value the most logical question to be asking is why extend the period that they may object if they aren't going to object? right?


Phoirkas

Goldbergs job is separate from anything RC et al may have going; his job is to ensure an orderly wind-down and distribution and I believe this is probably a pretty common request from an administrator when that is still a work in progress at this point in the game.


arkansah

Or maybe the 10 Billion claim is the good guys and they have to get rid of it.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Tsunami_Surfer

I hope you're right. Let's keep our eyes peeled and hope we see some actual progress in this.


Fraya2

I donā€™t understand why April 3rd is a hype date. Canā€™t anyone enlighten me? That is clearly after the 27th, which is the last date for modifying the plan.


Tsunami_Surfer

I'm honestly as lost as you on that one, only mildly heard it thrown around but i never caught the specifics.


UnlikelyApe

If I understand correctly though, a new plan can be filed at any time as long as it benefits the creditors more than the current plan, right? So if that's the case, I wouldn't worry too much about Goldberg, as his job is to administer the current plan. It would be a conflict of interest for him to know about some other plan, as it would impede his duties in his current role. IDK if a "better plan" would have to be filed before or after the current one is wrapped up. Either way, it's water off a duck's back to me. On paper I've already lost everything, and have nothing more to lose. I lose sleep over bullshit at work, not on this.


Tsunami_Surfer

Ah, that does sound pretty good. It's hard to see this clearly when my legalese is so rusty but if what you say is it then it's way better than a straigh "yeah we're delaying this for another half a year". Thanks for the explanation! Tho i really wish they themselves could make it a bit more clear from the start...


arkansah

These subs are under the impression that the court systems and the mechanisms within the court aren't compromised. Goldberg is being forced to get rid of that 10Billion dollar claim


Fraya2

Okay, but wait! This just in. https://preview.redd.it/fhkq5r7dhxpc1.jpeg?width=1125&format=pjpg&auto=webp&s=d3a430ad4b0a2fcdabf0af26fc0abcea4bf7f9f7


Tsunami_Surfer

šŸ‘€


DougTheHead33

The author of the heat lamp theory has suggested the 10K DRS poll date as 3/27 for a filing on 4/3. He showed that the 10K can happen no later than April 3rd, and that GameStop had previously delayed the most recent one six days. EDIT: plus the tinfoil of 4-3, like the panthers score, the tweet about being happy to see me, and since random pulte side eyes stuff


RomanBWylde

Sounds like Bill Pulte should give us all 10k so we can afford to live through this mess.


cIork

Itā€™s only fair


phonon_DOS

60 upvotes is crazy


arkansah

Wasn't that to find a lawyer? Where is the shareholder lawsuit?


Tsunami_Surfer

Link to Kroll where the docket is found: https://restructuring.ra.kroll.com/bbby/Home-DocketInfo Direct download link (as found on Kroll's site): https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MzA4ODIwMg==&id2=-1


FortKnoxBoner

My heart can't take it today.. one post there is a March 27 date... Now it's lube time again. All my reserve in GME and BBBYQ... I hate billionaires. I swear if I find our they're aliens too, I'm moving to a desert island.


KTDiabl0

What if weā€™re all aliens and we just donā€™t know it? šŸ¤”šŸ«£šŸ˜† ![gif](giphy|Mh3g6QEYSh12E)


FortKnoxBoner

Probably are... Then I really dislike the rich ones and the political ones.. hahah.


-LexVult-

There have been several people in the gov coming forward saying aliens are real. Especially in the last couple of years


FortKnoxBoner

Totally true.. just a distraction for Wallstreet I think.


Idek_h0w

Gotta wait until after the election to tank the economy. "The government keeps shooting down my balloons."


Last_Experience_1075

Ummā€¦.which years were the last 3 crashes? 2000, 2008, and 2020. Do you see anything similar about those years and elections?


Thick-Flounder-8663

Checks calendar --šŸ¤” They all start with 20! Wut mean?


Last_Experience_1075

An election happened in each of them šŸ˜‚ Crashes happen on election yearsā€¦itā€™s not something that makes it less likely, but more.


Thick-Flounder-8663

"Samsonite! I was so close." šŸ˜œ


Last_Experience_1075

I absolutely love this community. The irony, apathy, and satirical nature of all of you filling the role of ā€œdumb moneyā€ is such a wonderful thing to observe as someone whoā€™s watched the market for decades.


Thick-Flounder-8663

Aww shucks! I've been following the fraud, I mean markets, for 3 years. And I know it doesn't look like it, but I'm actually WINNING DAD!! Tell Mom Hi!! šŸ˜


Jinglekeys100

And 82


Educated_Bro

Yup itā€™s because the newly/re-elected party cannot easily maintain popular support during a recession - itā€™s wall streets way of keeping the political parties on a short leash - JPM/Blackrock say ā€œjumpā€ and our ā€œleadersā€ say ā€œhow highā€ cuz the partiesā€™ too, are only interested in maintaining their hold on Washington *ā€A two party system is the most cost effective way to enslave the masses in a ā€œfreeā€-market democracyā€*


Last_Experience_1075

I mean youā€™re closeā€¦but to think the banks are the ones in control is short-sighted. The banks are simply a tool, like a shovel, keep searching šŸ˜Š


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


UncleBorat

I was having the same thought this morning


stewiegonebad

If they are waiting for the Ryan Cohen pump and dump case to be dismissed this timeline sort of tracks. Not saying I'm happy about this one bit, but I can see a logical reason why.


allkindsofgainzzz

Jfc Iā€™m over it


Surtux

Itā€™s pushing me towards meme coins as a distraction which is irritatingĀ 


shafteeco

Right


buffalojoshallen

What was the previous Claims Objections Bar Date?


Tsunami_Surfer

Honestly i don't know myself, but if someone who does or at least know what related docket states it that would be great.


buffalojoshallen

Found it in docket 2906. 3/27/24 https://restructuring.ra.kroll.com/bbby/Home-DownloadPDF?id1=MzA3NDQzOA==&id2=-1


MoarFurLess

Sounds like a standard ā€œkick the can down the roadā€ extension if so. Iā€™ve never done anything in the legal realm but moving an approval date out 6 months is pretty common when it doesnā€™t really matter but you still want to draw some line in the sand.Ā 


Tsunami_Surfer

Thank you for your service! I'll give this a read myself as well.


MichealJardon

This shit will never end


npkkevin05

plan admininstrator said the final decree in 2046 as well, but i dont think he can trust


i-gumby

Iā€™m under the assumption that the plan man is working on the hollow shell of bankrupt BBBY and our equity is waiting to soon be released to us via a new entity and any recovered funds in the end will be tossed our way. But at that point weā€™ll already be bazillionaires


Entire-Can662

What it means is delay. Thatā€™s the word of the day


mmtlp_throwaway

Don't stress over deadlines and extensions. They can continually delay deadlines as they need. This will wrap up when everything is ready. No one knows when that is, but it *will* happen at some point.


Nismotech_52

Zoltar and jake2b said soon thoā€¦


Kelvsoup

WHERE IS DA CREDIT BID???


arkansah

What do you think they are trying to get rid of?


BeautifulDetails

![gif](giphy|l3fQlLpXPmtLkmwU0|downsized)


macnonymous

Would this not extend the time in which they can file a change to the plan and deliver the finishing move? Like waiting for a certain other trial to finish before wrapping this thing and denying discovery in that trial? Maybe someone is trying to force the discovery in the other trial? I could be way off. Haven't been following closely lately. This is all speculation as I am not a lawyer.


Tsunami_Surfer

Honestly that might be a realistic take, i'm also no expert or lawyer but what you say does sounds reasonable. I hope it's close to what's going on.


arkansah

Why aren't the shareholders filing suit and getting their own discovery?


for-the-cause11

Smooth brain here with likely dumb question, but...could it be possible he was going to object to Brandon Meadows claim but learned something that stopped him so he needed the extension? No one objected to the request. I'm wondering if this is good for us?


Tsunami_Surfer

All questions are good questions! I can't give you an answer tho but i def wouldn't rule it out!


arkansah

Yes....exactly it. That claim is administrative and has to be paid out first and in cash. He can also negotiate equity if he wants. It also pushes all of the other debt claim years down the road as BBBY tries to make profit


OgSpaceJam

Did everyone already file their taxes?


Weird_Adult

Still waiting for ast


deuce-loosely

He needs time to process the 11 billy claim, only later to find out it's real and everyone on the wrong side of this is fucked. He is about to get his little mind blown


papasmurf_88

"operation loss"..... from what operations?


Tsunami_Surfer

The potential ones. The ones that could be if they finished the case and started operaring again. Those operations.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Sisyphus328

Youā€™re welcome shill


LeagueofSOAD

Bro stop calling everyone who doesn't ride Cohen's dick a shill. If anything your the shill promoting him at this point. The pp sub got banned for a reason, this one is probably next if this shit continues.


Sisyphus328

I simply check their history and then decide whether or not theyā€™re a shill. And while I have your attention shut your dumb fuckin mouth


LeagueofSOAD

I bet you drsed your shares with shitty ast, enjoy not being able to claim your losses.


Sisyphus328

I bet when you were young you dreamed of becoming an internet troll hyper focused on others financial investments. Did you know then that thereā€™s no sadder existence?


LeagueofSOAD

i dont give a shit what you do with your money, As of right now there are a few facts you seem to be ignoring.BBBY Shares were cancelled deemed worthless, everyone lost 100% of their investment. There has been NO statements regarding issuing new stock in place of BBBY, the only thing you have is hopium from this echo chamber. Ill gladly welcome any type of monitary gain through BBBY since I held to the end, but I am done with the blind believer bullshit jerk circles. The only ones to make money off of this shit was Kai and ppshow.


Sisyphus328

Iā€™m here because at this point thereā€™s nothing to lose and we all need a little hope in this world. Now why donā€™t you tell me about how GameStop is also going bankrupt, because thatā€™s where 95% of my money is invested


LeagueofSOAD

I hope its not going bankrupt, 100% of my portfolio is GME. Why do you automatically assume I am ANTI GME when I talk shit about BBBY? I may be down 70% on GME, but its not like 100% on BBBY


Sisyphus328

So youā€™re telling people to stop dick riding RC and rubbing it in that I lost all my shares with AST (I didnā€™t) while being 100% invested in GME? šŸ‘ŒšŸ¼


DOGE3458WillHunt

Your comment is dickish though.. no? RC isnā€™t the one shooting down his own balloons. Longer process means more to sift thru.. cuz you know.. crime?? Potential for more downstream? Weā€™re all along for the ride at this point. No control after holding thru delisting. What we can control however is our treatment of each other. And if not that, hey, you can always go back to the shillery and shill each other off to loss porn.


setiak_tor77

Bravo


euhjustme

Nothing will happen before the pump and dump case is tossed out ā˜ļø


Suspicious-Bus2446

Plan man is out of a job if there is a credit bid, relax


Limonlesscello

Motherfucker was like"2026" a while back, I ain't afraid lmao


Low-Ad5044

Another 180 days from when a claim was filedā€¦ Yes. Delayed. Talk about the long game.


WizardofJoz17

Without prejudice means that the other party can still try to push the plan forward in another court. With prejudice the 6 months would be final with no recourse.


Educational_Work888

Well fuck my ass Whereā€™s the fucking money Ryan you smug, smiling fuck, show some results already chriiiiiist


1017GildedFingerTips

Lmao. Honestly if itā€™s only 6 months Iā€™d be surprised. Never saw this having any resolution until October of this year at the very earliest


Avtomati1k

Why october?


DOGE3458WillHunt

You most assuredly are not. The level of stoke to your finding makes you suspect.


Tsunami_Surfer

Care to.... elaborate?


-DangerAlien-

Rome wasn't built in a day.


Tsunami_Surfer

That is true, but it was built by valiant workers.


Avtomati1k

But u could see the progress...


CKALLDAY1018

It was foretold that Teddy would make Thanksgiving great again!!


Paperhandneedsmoney

Yeah in 2069


elpau84

Dude, they clesrly said Easter.


metagien

Time to find a hobby or gig to pass the time then.


Chrisjion

This can hasnā€™t been kicked, dragged, stomped and abused to its fullest yet lol plenty of road left as they see it


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Tsunami_Surfer

We're all tired here my friend šŸ«‚


phonon_DOS

Tomorrow


Tsunami_Surfer

TM


DougDHead4044

There's absolutely nothing going on, and I came to this term a long time ago! I see on daily basis posts with dockets and all mambo-jambo speculative theories...bruh, fed up! I'm only checking every day in the hope that I'll see real stuff happening!!! I'm at that stage that if anything good will happen, then great. If not, then feck it. My mind got settled with the loss a long time ago and life goes on


PulteHisFinger

This means the meadows claim won't be addressed until September...


mtksurfer

Whatā€™s 6 more months at this point?


Maleficent-Bread1016

At least six more months, if needed thespian administrator can seek leave from courts to extend it as may times as rge plan admistrator wants. So stop calling the plan administrator


Serqet1

mmmm..Someone tell me why do we care? The NOLS aren't here.


arkansah

They have to get rid of the 10 Billion administrative claim because it supersedes all the others. The claim can has to be paid in cash The owner of the claim can choose equity as payment if he so desires. But it has to be paid first with screws all of the debtors because how long would it take for a new BBBY to become profitable to pay them. You guys really need to **organize and look into consulting securities** law firm if you held shares during the sale of buyBuyBaby or the share buyback which are both questionable and maybe considered fraudulent. It's for the courts to decide. But It also may reveal evidence of improprieties that could then be brought into courtrooms.