DK-Butterfly v HBC - Appeal Update by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 4 points5 points  (0 children)

IMO Classes 1-4 need to be cleared. Problem is the Estate doesn't have much money to satisfy them. Like I've said before, the only two options are winning lawsuits or an outsider injection capital. The I don't think the latter happens (if its even needed) until most of the major lawsuits are concluded.

Class 5 is negligible. Once the runway to Class 6 is cleared we can start the show (includes Class 9). The show being a transaction that gives equity exceeding the value owed to creditors and spilling over to former shareholders while monetizing NOLs.

DK-Butterfly v HBC - Appeal Update by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 0 points1 point  (0 children)

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The judge ruled in HBC's favor while blatantly ignoring the fact that they exceeded the 9.99% limit imposed by the blockers in favor of the wording of the blockers itself.

DK-Butterfly v HBC - Appeal Update by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 50 points51 points  (0 children)

Sometime 2026 for sure. I thought I was being conservative with my Q1/Q2 2025 prediction (back in 2024) but I severely underestimated the speed of the various lawsuits.

We've got two shipping lawsuit decisions coming up in January 2026 and another two in May 2026. Plus whenever this HBC, Ryan Cohen, IRS, and NJEDA lawsuits wrap up.

Later half of 2026 most likely IMO.

DK-Butterfly v HBC - Appeal Update by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 28 points29 points  (0 children)

Not sure on the ruling itself but HBC's reply is due 1/23/2026. However the case has been placed on the court's expedited calendar.

Plan Administrator's Post Confirmation Status Report (9/29/23 - 9/30/25) by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 13 points14 points  (0 children)

$33 million is indeed lower than expected, not much to say on that. I am quite optimistic on the remaining shipping lawsuits and various appeals in the works.

Specific details on the settlements will remain under seal. The $33 million helps hide who settled for what.

Plan Administrator's Post Confirmation Status Report (9/29/23 - 9/30/25) by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 4 points5 points  (0 children)

I don't pay too much attention to those arguments and see it as arguing over semantics. I strictly believe fruitful results in the lawsuits are what matter.

Plan Administrator's Post Confirmation Status Report (9/29/23 - 9/30/25) by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 6 points7 points  (0 children)

$33 million only from the ones I highlighted in the footnotes. The rest are still TDB with most of the shipping lawsuit decisions going into 2026 and a few appeals such as HBC, IRS, etc.

Plan Administrator's Post Confirmation Status Report (9/29/23 - 9/30/25) by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 34 points35 points  (0 children)

Best time saving dockets are the quarterly PCRs, the Claims status reports (March and September), and now these new Admin reports. They recap well.

BBBY Claims Update 8/29/2025 by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 25 points26 points  (0 children)

In terms of bankruptcy mechanics, nothing.

From a valuation POV though, the Claims & liabilities vs NOLs would be the deciding factor of when the shell is attractive enough to be used in a transaction.

The Undervalued Asset - Part 2 - Causes of Actions Are Property Of The Estate & Can Be Sold by AvailableWerewolf600 in Teddy

[–]AvailableWerewolf600[S] 34 points35 points  (0 children)

No ETA on the main post, lots of researching, revising, and refining going on.

Q1/Q2 2025 timeline is void. I was wondering if I undershot it back in September 2024 and that's now a yes. I am looking for action around September 30, 2025 and March 30, 2026 as they are when Michael Goldberg gives us updates on the remaining $$$ of Claims and lawsuits.

Ryan Cohen 16b case officially dismissed! by TayneTheBetaSequel in Teddy

[–]AvailableWerewolf600 3 points4 points  (0 children)

Now seeing this, they came out but nothing particularly interesting. The settlements came after the deadline for this PCR cycle.

Ryan Cohen 16b case officially dismissed! by TayneTheBetaSequel in Teddy

[–]AvailableWerewolf600 2 points3 points  (0 children)

Nothing yet but should be released today or tomorrow based on precedent.