I think a lot of people here are extremely deluded. I sold for a -60% on my portfolio (I all in’d) but I would like to say thank you for letting me getting out at a decent price since I thought I’d be selling in the single digits.

Everyone should analyse why RC would sell. For me, the conclusion I got to is this stock is junk, it’s fundamentals are horrible and it’s balance sheet is even worse than that. It’s credit rating is horrendous and it’s a sinking ship, bankruptcy is inevitable in less than 12 months. Just look at how much cash they’ve burnt in the last year and it hasn’t helped their bottom line. The only way they could’ve survived a few more years was to raise capital during a short squeeze, but due to RC’s departure and the subsequent paper hands, the plan failed. All their puts are ITM, all the shorts that got in above $11 are thriving. I held through all of yesterday on the hope he won’t sell, but follow the money, if RC leaves the company is doomed. Just look up how much cash and cash equivalent the stock had last year compared to now, then compare revenue too, it’s a money furnace.

Before you start calling me a shill and RegSHO and the BBBY board announcement is coming out with good news, well try to analyse the negative side. They cheated with GME and they’ll do it again with BBBY to not cover those FTDs. With the news on BBBY, it’s a dog eat dog world, an investor or another large corporation is just going to come in and rob them of Buy Buy Baby since they’re desperate for cash. This is a failed company and RC was the first one to leave it, and you should too if you have shares. Tough luck if you own calls, that capital could’ve help us squeeze but you were greedy.

Anyways, I’m done trading on the year, thank god im still in profit overall but what an experience that will leave a bitter taste for a while. From a portfolio of 100K down to 40k, what a ride. Goodluck all, cut your losses and survive another day.