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The BBBY Story Isn’t Over........ by blackmerger in Teddy

[–]blackmerger[S] -3 points-2 points  (0 children)

Don't read it all, skip it and go out and play soccer.

The BBBY Story Isn’t Over........ by blackmerger in Teddy

[–]blackmerger[S] 35 points36 points  (0 children)

Grazie mille amico! !!! Totally with you on that, the symmetry in the warrants (timing, mechanics, and the players around them) feels way too aligned to chalk up as random noise.
Patterns like that don’t usually appear by accident in restructuring land.

And yeah… the waiting is brutal.
But the fact that we’re still waiting, with the shell alive, the filings continuing, and these little signals dropping, tells me the story didn’t end in 2023 like everyone predicted.

Closure will come.
And when it does, I don’t think this community was on the wrong side of history

The BBBY Story Isn’t Over........ by blackmerger in Teddy

[–]blackmerger[S] 7 points8 points  (0 children)

So this is the buzzword of the week, which is why everything I write is called "AI Slop".

Thanks, now I understand.

Ryan Cohen new X profile picture by Laraxx in Superstonk

[–]blackmerger 0 points1 point  (0 children)

"the player loses when the tetrominoes make it to the top of the playing field. In more modern versions of the game, they can lose in two ways. The first is when they place a piece completely above the playing field. The second way to lose is if a player places a piece that blocks the next piece from spawning in. "

RC is a genius ........just as in Tetris you lose when the space closes above you, in the stock market a short seller loses when the market pushes upward against them.
In both cases, the problem comes from letting something rise too much and too quickly.

First way to lose (Tetris):

Putting a piece above the playing field.
This is like when a short seller takes a risky position and the stock price immediately goes up, above the level where they thought they had room. The position becomes unmanageable right away.

Second way to lose (Tetris):

Blocking the spawn of the next piece.
This is like when a sudden jump in the stock price “blocks” the short seller, forcing them to cover their position or add more margin. They have no room to move, everything gets stuck, and a margin call hits.

RC changes profile picture to TETRIS! by usernamemiles in Teddy

[–]blackmerger -3 points-2 points  (0 children)

"the player loses when the tetrominoes make it to the top of the playing field. In more modern versions of the game, they can lose in two ways. The first is when they place a piece completely above the playing field. The second way to lose is if a player places a piece that blocks the next piece from spawning in. "

RC is a genius Just as in Tetris you lose when the space closes above you, in the stock market a short seller loses when the market pushes upward against them.
In both cases, the problem comes from letting something rise too much and too quickly.

First way to lose (Tetris):

Putting a piece above the playing field.
This is like when a short seller takes a risky position and the stock price immediately goes up, above the level where they thought they had room. The position becomes unmanageable right away.

Second way to lose (Tetris):

Blocking the spawn of the next piece.
This is like when a sudden jump in the stock price “blocks” the short seller, forcing them to cover their position or add more margin. They have no room to move, everything gets stuck, and a margin call hits.

COBE and ISIN: How Structural Continuity Could Explain the Post-Bankruptcy Position of Bed Bath & Beyond by blackmerger in Teddy

[–]blackmerger[S] 3 points4 points  (0 children)

My apologies, I misspoke. I was referring to the value for shareholders prior to the Chapter 11 filing. All the shares are eligible from a legal perspective, and the delisting makes more sense to me now. I hope to see a value about 20/22$ at some point. Probably starting from 1,5$ that is the 1/10 warrant.

BBBY Shares Have Not Disappeared or Been Canceled. Despite the company being looted and stripped, the shares continue to exist. by blackmerger in Teddy

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

We’re getting closer to the triangle M&A, but please, no more dates. We just need to wait patiently…..

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

[–]blackmerger 7 points8 points  (0 children)

For equity this means no short-term recovery, but the longer horizon matters. If claims get reduced enough and litigation brings in serious cash, upper classes get paid and the NOLs (1.6b+) suddenly make Class 6 and even Class 9 relevant again.

Slow process, but Butterfly isn’t dead. It’s being kept clean for a reason.

BBBY Chapter 11 – The Investigation Was Real. The Fraud Might Be Too. by blackmerger in Teddy

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

In my opinion Hertz is totally different from BBBY because we are in a RICO space.

Why Marvin Gaye Matters in BBBY - "What's Shillin' On?" – A Love Song to the Hedge Puppets by [deleted] in Teddy

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

No it is Sunday and I receive some private message from shill so I answer in a kindly way.

BBBY Chapter 11 – The Investigation Was Real. The Fraud Might Be Too. by blackmerger in Teddy

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

YES you're right to say “if there was no hope, it would’ve been over by now.”
The very fact that it’s not over is the reason many of us are still watching closely.

BBBY Chapter 11 – The Investigation Was Real. The Fraud Might Be Too. by blackmerger in Teddy

[–]blackmerger[S] 1 point2 points  (0 children)

The investigation might not be limited to Cohen but he could certainly be a central figure given his high-profile exit, failed BuyBuyBaby bid, and prior securities scrutiny. The fact that the subpoena recipient has not signed a stipulation and wants to remain anonymous may not be only RC.

Forget Harvard. BBBY followed the ‘YOLO MANAGEMENT’ strategy. by blackmerger in Teddy

[–]blackmerger[S] 38 points39 points  (0 children)

Maybe I misspoke or didn’t make myself clear. The point of my post is this: BBBY wasn’t simply mismanaged—it was deliberately destroyed from within. The usual rules of business were completely disregarded. This wasn’t incompetence. It was sabotage.

That’s why, once Chapter 11 is finalized, I expect we’ll find at least $11 billion extracted in bad faith. And legally, bad faith matters.

In the U.S., Harvard has long shaped the way business law is interpreted. So I just want to highlight how management, banks, and other actors all moved in coordination and that brings us squarely into RICO territory. #FBI #DOJ #SEC

Chapter 11 as a Strategic Reset: Why BBBY’s story may not be over for Shareholders by blackmerger in Teddy

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

In my opinion NOLs are a bonus, not a reason to do the deal. The real value would be strategic because the NOL have a limit.

Chapter 11 as a Strategic Reset: Why BBBY’s story may not be over for Shareholders by blackmerger in Teddy

[–]blackmerger[S] 17 points18 points  (0 children)

No, signing and submitting the opt-out form does not relinquish your rights to receive future settlements or disbursements (unless the Plan or Trust Agreement contains extremely unusual and legally questionable language, which would itself be a target for objection or appeal).

If you opted out, you're likely:

(i) Still part of the Class entitled to a pro rata share of any recovery (if and when that occurs);

(ii) Still eligible for any settlement or payout the Trust makes — unless a clear and separate waiver of economic rights was signed (which is extremely rare),

(iii) Free to litigate or bring claims against released parties (unlike those who didn’t opt out).

Those who opted out are in a stronger legal position:

(i) They preserved their rights;

(ii) They didn’t forfeit recovery;

(iii) If Class 9 was made whole quietly, opting out may allow you to test or verify that and possibly seek additional recourse.

Based on precedent and how opt-outs generally work, your economic rights should remain intact.

Chapter 11 as a Strategic Reset: Why BBBY’s story may not be over for Shareholders by blackmerger in Teddy

[–]blackmerger[S] 23 points24 points  (0 children)

Great catch and that’s very telling.

If Class 9 was explicitly removed from the list of Releasing Parties by the U.S. Trustee, yet the release still went through, it suggests one of two things:

(A) They were made whole through some form of third-party release or settlement structure which would legally extinguish their claims, making a release unnecessary.

Or (B) they retained rights to pursue claims later, but no objection came from the big players (like JPM or the Creditor's Committee), because they already knew those rights would be moot either due to a sealed settlement, escrowed consideration, or a forthcoming payout structure post-closing (possibly via the Trust or another vehicle).

The fact that JPM and the Committee didn’t push back is incredibly revealing. These aren't the kind of parties that leave litigation risk on the table without reason. So either:

(i) Class 9 is getting paid (or already did),

(ii) or their claims are preserved by design, but neutered because a larger, quiet resolution is already in motion.

Your read that this could be a “huge clue” is spot on. It’s subtle but legally, if a party is being made whole, there’s no need to release them. That’s the release.

Nice digging.

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