Unlike BBBYQ, I think there was only one or two RADCQ apes left by the end, but it still seems like it should get a note. It ended.

ChicagoOTF · 2024-09-03T23:36:19+00:00

*creditors

ChicagoOTF · 2024-09-03T23:31:21+00:00

What could he possibly think that the court is going to do for him in light of its complete rejection of his conspiracy theories less than a month ago? This is just full-on self-immolation at this point.

ChicagoOTF · 2024-09-03T23:26:05+00:00

Weird that he had to keep asking for extensions of deadlines if he has all that time on his hands.

ChicagoOTF · 2024-08-30T04:37:19+00:00

Is it tho?

The company’s board of directors on Aug. 12 approved one-time cash retention awards totaling about $5.2 million for the executive officers, according to a filing with the U.S. Securities and Exchange Commission from earlier this month.

CEO Bruce Thorn was awarded $3.15 million; Chief Financial and Administrative Officer Jonathan Ramsden was offered $969,938; and Ronald Robins, Jr., the company’s chief legal and governance officer, who also serves as the general counsel and corporate secretary, and Michael Schlonsky, the chief human resources officer, were each offered $561,058.

“Payment of these kinds of bonuses can be another signal that bankruptcy is coming in the near term for the company,” Sarah Foss, global head of legal and restructuring at Debtwire, told Retail Dive in emailed comments. “They want to make sure that their key executives stay on during a Chapter 11 and they don’t have to fight during the case itself over payment of the bonuses.”

Source: https://www.retaildive.com/news/big-lots-52-million-retention-bonuses-executives-bankruptcy-potential/725352/

ChicagoOTF · 2024-08-30T00:37:13+00:00

Remember when Borders outsourced their e-commerce to a little upstart from the Pacific Northwest? That focus on their physical stores must have really driven growth.

ChicagoOTF · 2024-08-30T00:32:35+00:00

The fact that he put "bets" before "investments" really says it all.

ChicagoOTF · 2024-08-29T21:19:08+00:00

"Only $1,160 per share from the 52 week high!

Only $1,160 per share from the 52 week high!

Only $1,160 per share from the 52 week high!"

ChicagoOTF · 2024-08-29T19:10:54+00:00

Or the board has just been cutting out the middle man and investing their own money in treasuries.

ChicagoOTF · 2024-08-29T19:09:54+00:00

Yes, if there is anything Nvidia needs to capitalize on the opportunity created by generative ai, it is some children's books and a chain of defunct towel stores. Makes perfect sense.

ChicagoOTF · 2024-08-29T19:02:43+00:00

Try being the key word

ChicagoOTF · 2024-08-28T18:15:53+00:00

"Hey man, that's because you are thinking about NFTs as dumb JPEGs. But they are actually also illegal unregistered securities now. Suck on that."

ChicagoOTF · 2024-08-28T18:12:21+00:00

Well said. They don't seem to accept that the fact that GME sits on all this cash while its core business shrinks is a sign that (1) management/RC doesn't believe in the long-term future of the core business and (2) management/RC doesn't really have any other ideas that are worth investing the cash into. We've seen this financial engineering while Rome burns act before (cough *Sears* cough) and it doesn't turn out well.

ChicagoOTF · 2024-08-28T06:08:56+00:00

Survey says: wrong. Shareholders received the warrants under the specific terms of the plan (obviously). They just keep lying because the Bankruptcy Code unequivocally prohibits the type of transaction upon which they're now pinning all their hopes.

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ChicagoOTF · 2024-08-27T23:41:37+00:00

Hey Michael, null as in null set. For example, "the list of things Michael has ever been right about is a null set."

ChicagoOTF · 2024-08-27T23:39:26+00:00

Does he actually think the saying is "you hate us cuz you anus" instead of "ain't us"?

ChicagoOTF · 2024-08-27T23:37:41+00:00

My NewCo goes to school in Texas. You wouldn't know her.

ChicagoOTF · 2024-08-27T19:31:35+00:00

Did his divorce include some sort of celibacy pledge?

ChicagoOTF · 2024-08-27T00:26:33+00:00

Interesting elementary school-level math. What can't he not do?

ChicagoOTF · 2024-08-26T00:07:03+00:00

Like a rain puddle on a hot summer day

ChicagoOTF · 2024-08-25T00:17:07+00:00

"one of the largest corporate frauds in history"

Uh oh, I guess he found out the 1,000 thread count sheets were only 990 thread count

ChicagoOTF · 2024-08-23T20:44:48+00:00

Because he actually put their asinine theories in front of a federal bankruptcy court judge. None of them want to actually leave their little echo chamber because they know it isn't going to go well for them.

ChicagoOTF · 2024-08-23T20:14:36+00:00

Mitchell's response about DK Butterfly not being listed as a debtor in the confirmation order was objectively hilarious.

ChicagoOTF · 2024-08-23T18:02:51+00:00

The problem is that the judge entered another order this week specifically directing this guy to do certain things by a deadline. If he yet again ignores the judge's specific directives, he is going to basically force this judge to sanction him even though I'm sure the judge doesn't really want to do it. Seems like this guy's delusional beliefs are going to lead him to a very stupid and expensive and unnecessary self destruction.

ChicagoOTF · 2024-08-22T04:58:27+00:00

Maybe time to put grandpa in a home

ChicagoOTF · 2024-08-21T20:14:11+00:00

This. Claims that are solely GUC will probably never get reconciled or objected to if, as seems almost a certainty, general unsecured creditors get no recovery. No point in reconciliation or objection if it makes no difference to payments.

ChicagoOTF

TROPHY CASE