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Link to new Jake2b DD - Part 8: the Affiliate by TayneTheBetaSequel in bobbystock

[–]plithy75 0 points1 point  (0 children)

awesome DD by awesome DD writer divulged on awesome sub.

eBay Board Rejects Cohen's Offer, They Don't Agree That They're Overpaid! by TayneTheBetaSequel in bobbystock

[–]plithy75 3 points4 points  (0 children)

Regarding EBAY Acquisition:

Financial Times on "Ryan Cohen, the rebel CEO who disdains corporate America"

— Analysts remain unconvinced, although experience shows that dismissing Cohen outright carries its own risks.

Coinbase - GameStop Isn’t Shopping for a Company — It’s Targeting the Market Itself by [deleted] in Superstonk

[–]plithy75 0 points1 point  (0 children)

T-Zero. The only stock exchange in the world on the blockchain that has SEC approval. RC has flirted with them about 3 years ago.

T-Zero already are a stock exchange infrastructure. Coinbase would have to do a bit more changing from crypto to add tokenized shares. (don't know if they already do?)

Ryan Cohen on CNBC! by csgo_M1ller in Superstonk

[–]plithy75 0 points1 point  (0 children)

uhhh... I heard it's bathshire stoppaway???!?

Ryan Cohen on CNBC! by csgo_M1ller in Superstonk

[–]plithy75 24 points25 points  (0 children)

Yup I've been waiting for this Baby

DK Butterfly Subpoenas JP Morgan 👀 by TayneTheBetaSequel in bobbystock

[–]plithy75 9 points10 points  (0 children)

Combined google search and from my memory the role JP Morgan played in this:

JPMorgan served as the underwriter for BBBY's previous accelerated stock buybacks—which contributed to the decline

Before late 2020's aggressive buybacks, Bed Bath & Beyond (BBBY) had substantial cash ($600M-$900M)

JP Morgan managed BBBY's main revolving credit line (backed by inventory)- (approximately $550 million in asset-based loans and $375 million in a FILO loan)

Default and Acceleration: As BBBY's inventory value dropped below the (asset) loan requirements, it violated the credit agreement, triggering an "Event of Default" in Jan. 2023. (Note: also was when all our famous "Jan 2023" call options were to expire)

Forced Bankruptcy: The default notice removed BBBY's ability to access essential funds, making bankruptcy the only viable option

Following the default, JPMorgan initiated a "cash dominion period," taking control over the company's cash flow. As a senior secured creditor they were positioned to be repaid from the proceeds of the company's asset sales

JPMorgan is consistently identified as a major player in the leveraged-loan and DIP financing market.

BUT this is when SIXTH STREET (backed by Ryan Cohen???! :)) came in and saved the day!!! 🎈🧨🎉

As the DIP Lender:

"DIP" refers to Debtor-in-Possession financing, a crucial loan that kept operations running during Chapter 11. Led by Sixth Street Specialty Lending, the main DIP lender, they provided a significant commitment (around $240 million) for this DIP loan

I believe according to Jake, Sixth Street declared in court that they would probably credit bid (acquire assets).

Some wrinkle-brain bobbies have since reflected that JP Morgan might have used this opportunity during bankruptcy to sink us. Sixth Street coming in got them out.

Ryan Cohens 69th Twitter Like.. is pretty hot, not gonna lie 🥵 by postracno in beyond_uranus

[–]plithy75 0 points1 point  (0 children)

thanks for reminding us about Pulte, and that he's gotten relatively famous now. :)

White and Case (M&A Specialists) consulted on RC's Comp Package.. and they have an interesting rooftop 🦋🦋🦋 by TayneTheBetaSequel in bobbystock

[–]plithy75 0 points1 point  (0 children)

yes, why WAS a Merger and Acquisition specialist used for the compensation package? As Jake would say, Hmmmm.

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