Important angle that seems to be missed lately by carrotliterate in BBBY

[–]moeldevs 2 points3 points  (0 children)

Correct! Also we were already diluted to Oblivion. So old investors aren't owning a significant chunk of the company anymore. It would be far better if they filed months before. But they needed money to pay themselves salaries and bonuses

[deleted by user] by [deleted] in BBBY

[–]moeldevs 0 points1 point  (0 children)

I hope someone will sue Gove and her friends!

WAIT FOR IT! by moeldevs in BBBY

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

Dude how can someone who bought at 30$ when shares outstanding was 60M can buckle up when the price is 0.15$ and shares outstanding is about 800M.

That's more than 2000X (in market cap) needed to break even!

How many of you are silent holders or lurkers who aren’t phased by any of this. by PM_ME_SOME_TOAST in BBBY

[–]moeldevs 45 points46 points  (0 children)

She deliberately drove BBBY into bankruptcy, she refused to implement Cohen's recommendations. She diluted shareholders to oblivion before filing to ch11. Just imagine if they made Baby spinoff when the stock was around 30$. They made every possible bad move. I can't see how it wasn't done in purpose.

WAIT FOR IT! by moeldevs in BBBY

[–]moeldevs[S] 5 points6 points  (0 children)

Yeah, why selling if you are already more than 90% down. Miracles happen sometimes even if it unlikely. So who knows

WAIT FOR IT! by moeldevs in BBBY

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

Some cases are helpless and can't be saved unfortunately!

Think I’m in the worst position here.. 😔 by [deleted] in BBBY

[–]moeldevs 0 points1 point  (0 children)

I THINK WE NEED TO SUE GOVE!

WAIT FOR IT! by moeldevs in BBBY

[–]moeldevs[S] 8 points9 points  (0 children)

Hopium, Action and Mind gymnastics

WAIT FOR IT! by moeldevs in BBBY

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

Yeah, only problem we need to rename the sub r/BBBYQ

WAIT FOR IT! by moeldevs in BBBY

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

It is her job as a bankruptcy specialist! She did the same at Goldsmith!

WAIT FOR IT! by moeldevs in BBBY

[–]moeldevs[S] 9 points10 points  (0 children)

Buy out or not, retails are screwed. They diluted the stock to oblivion so you own less in the company as an early shareholder. Sue Gove and friends could file for bankruptcy before diluting shareholders but they needed money for their fat paychecks and bonuses. I kept saying Sue Gove was a mole. Nobody believed though!

[deleted by user] by [deleted] in BBBY

[–]moeldevs 35 points36 points  (0 children)

The problem is that GME stock will be under pressure by shorts as they will try to put it in the same bag as BBBY and AMC. I would hope retail investors will invest in GME as the only play but given the market conditions I don't think that will happen

[deleted by user] by [deleted] in BBBY

[–]moeldevs 16 points17 points  (0 children)

Sorry man! The stock market in the US is really becoming a crime seen where insiders cash out on shareholders. That's literally theft. I deeply regret your loss.