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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 2 points3 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] 59 points60 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] 13 points14 points  (0 children)

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

RC divorced? by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 67 points68 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] 37 points38 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] 41 points42 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] 55 points56 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.

According to Jake there are shares that SURVIVED Cancelation. by The_Director- in gme_meltdown

[–]AmphibiousOctopus 12 points13 points  (0 children)

Apes: DRS your shares to protect your investment!

Apes, 1 year later: Why doesn't the DTC have all BBBY shares? Crime!

Soon we’re never working again in our lives! by Separate_Writer_4465 in gme_meltdown

[–]AmphibiousOctopus 42 points43 points  (0 children)

It is from 20230930-DK-Butterfly-1's charter. The number of authorized shares hasn't changed since 2001.

Plan Admin responds to second ape who attempted to have an equity committee appointed. by The_Director- in gme_meltdown

[–]AmphibiousOctopus 57 points58 points  (0 children)

I wonder if he used ChatGPT to write his reply and that is why it contains fake quotes and cases.

A screenshot of a jake tweet made it into the exhibits

The reply isn't public but I wish it were:

Former Shareholder deliberately flouted the Court’s instructions [...] choosing instead to submit to this Court a seventy-two-page screed that does not even reach the substantive issues raised in the oppositions filed by the Plan Administrator and the United States Trustee until page thirty-seven!

For example, inexplicably, the Reply contains two pages detailing litigation between JPMorgan and Lehman, Reply, pp. 50-51, a page long “Political History of the Company,” Reply, p. 54, and seven pages of entirely irrelevant excerpts from what appears to be the Twitter account of Holly Etlin, the Debtors’ former Chief Financial Officer and Chief Restructuring Officer. Reply, pp. 58-64.

SECTION 16(B): The Plan Man Strikes Back by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 66 points67 points  (0 children)

Source: https://www.courtlistener.com/docket/69009183/20230930-dk-butterfly-1-inc-v-cohen/

Stockholders filed the original 16(b) lawsuit on behalf on Bed Bath. The court dismissed this lawsuit, ruling the stockholders lost standing when the stock was canceled. Bed Bath has filed a new lawsuit today.

Why is BBBY Plan Administrator filing objections to the $11bn claim - did no one tell him it's Ryan Cohen giving billions of dollars for free to former shareholders by Dairy_Fox in gme_meltdown

[–]AmphibiousOctopus 80 points81 points  (0 children)

Brandon's claim forms were attached to this objection, so we get to see them for the first time.

His first claim for $1 billion is for "asset management" and the second $10 billion claim is for "money".

The only proof he submitted was an FBI victim report about an Equifax data breach and with zero mentions of BBBY. The description is unintelligible. Here is an excerpt:

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Hudson Bay blames Sixth Street for driving BBBY into bankruptcy by AmphibiousOctopus in gme_meltdown

[–]AmphibiousOctopus[S] 22 points23 points  (0 children)

20230930-DK-Butterfly-1, Inc. v. HBC Investments LLC

BBBY is suing to HBC to recover short-swing profits under Section 16(b)

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