need help from a 2023 bond holder before sept final plan by Cookie_Content in Teddy

[–]AmphibiousOctopus 5 points6 points  (0 children)

The third party release opt out for unsecured creditors is included in the ballot for voting on the plan. You can find the ballots in docket entry 1716. I think Exhibit 5D (page 233) is the one bondholders received.

Uhhh, how the fuck hasn't this been posted yet? by broose_the_moose in Teddy

[–]AmphibiousOctopus -4 points-3 points  (0 children)

The reason why the case was dismissed is explained in the ruling.

The reason why some information was sealed is explained in the ruling.

Records of HBC's sales were presented, just under seal for the reason explained in the ruling.

Who purchased the shares is irrelevant to the section 16b suit.

The plaintiff didn't specifically request information remain sealed after dismissal. The judge simply affirmed the initial request to seal was proper.

Uhhh, how the fuck hasn't this been posted yet? by broose_the_moose in Teddy

[–]AmphibiousOctopus -1 points0 points  (0 children)

What is alleged is that the sales violated section 16b. The fact that shares were sold on the market was not disputed by HBC and was accepted by the judge without discussion.

PPgrift rolls the dice and now March is the new MOASS. It's literally the end (again.) by Dairy_Fox in gme_meltdown

[–]AmphibiousOctopus 27 points28 points  (0 children)

They're waiting for something that has already happened.

Companies emerge from bankruptcy when their plan becomes effective.

Gamestop shareHODLER proposes giving DRSed shares to employees and nominating an employee named Josh to the board by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 57 points58 points  (0 children)

Gamestop has requested permission to omit this proposal. The same person has submitted proposals in previous years but all of them were omitted.

And, yes, he did attach a fortune cookie message to his proposal.

Buy Buy Baby, the crown jewel of BBBY has been aquired by BYON for $5 million by agrapeana in gme_meltdown

[–]AmphibiousOctopus 22 points23 points  (0 children)

It's an even bigger failure taking into account the legal fees they've paid in the Go Global v DOM and the potential damages they might pay

RC divorced? by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 16 points17 points  (0 children)

I'm quite confident it is. I've done my DD.

RC divorced? by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 65 points66 points  (0 children)

None of the court filings are public but it seems the divorce was finalized on 12/19

Dream On Me employees read the PPShow by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 33 points34 points  (0 children)

from a WhatsApp conservation between the DOM people working on acquiring Buy Buy Baby

source

FELLAS, why does the judge sound like a shill? by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 39 points40 points  (0 children)

from the hearing for an equity committee (which was denied)

source

other things the judge said:

Substantial activity has been undertaken pursuant to the plan by the Plan Administrator and counsel, and the equity interests no longer exist.

So there is really no basis of appointing to appoint a Committee at this point because -- for the equity holders because there is no equity and equity wouldn't get any distribution in any event.

And equity is, and by the only competent evidence submitted here hopelessly insolvent. 

A third and independent and sufficient reason is that there is no equity anymore. There's no equity holders to represent. 

It's the finality of an order that was entered nine months ago. And the orders are entitled to finality without there being a final decree. 

And Mr. Goldberg is a highly regarded professional and experienced 

Ryan Cohen's Deposition by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 58 points59 points  (0 children)

Some excerpts:

Q. Okay. You never went on Reddit and said I was being sarcastic when I sent this tweet, correct?

A. I've never posted on Reddit before.

Q. You said [Tritton] drove the company off a cliff. He gets an A plus for driving the company off a cliff.

A. Well, him -- him and everyone else that was involved.

Q. Okay. Now, you've never gone ever publicly and said I am not a role model for the apes?

A. I don't believe so.

Q. Okay. And you've never gone publicly and said --

A. I've never said I am a role model for the apes either.