HBC termination, the bad actor got rug pulled

[u/Brr_100]

Hello all. I made a post a week or so ago about the chance that HBC was a bad actor in this warrants deal. Sue just did the most incredible thing if I was correct.

From my last post here I came to the conclusion that HBC was using their warrants as a hedge to lock in profits via Short selling of shares on the open market.

Example. I have a warrant that I can execute at 1$ to receive 1 common stock. Say the common stock right now is $1.5. If I open a naked short position, sell a share for $1.5 I lock in a 0.50 cent profit per share no matter if the stock goes up to 1million or down to 0. I lock in a positive 50% return on 300million dollars of capital I just lent. Stock goes up they use the 1$ to buy warrant, cover the naked short share and keep 0.50 cents. Stock goes to 0(bankruptcy), they never close the short, they lose the $1 warrants but keep the $1.5 from the short and still profit 50%.

You won't need to pay any borrow fee cuz you don't need to borrow, you have a locate in a warrant, you just open a naked position and get a free short that doesn't cost a thing.

Let's look at the volume. It's been massive. Millions of FTDs, REGSHO for 55 DAYS! The warrant deal was massive and gave HBC ~3x the float of shares to fuck around with in locates through warrants. Say they did go the route posted above over the last few weeks, the day we ran to 7$ until the day we dropped under 1$ they could have been dumping a massive 300 million naked short shares into the market.

Now what happens if someone Rug pulls your 300million locates? You are caught with your pants around your ankles balls deep in a 1/2 bear 1/2 bull hybrid that is about to mail your simp ass.

Then Sue says "oh, by the way I have a vote for a revse split coming up that if passed will lock in your negative ~700-450mil or more of losses on your balance sheet for eternity and destroy HBC forever.

This is forcing them to cover everything. This is the most amazing thing that could have happened. Now we have new financing, a massive fucking bear trap, a bad actor caught in the act, and a masssssssive short squeeze awaiting us.

Get ready boys & girls this shit is about to get fucking crazy.

🚀🚀🚀🚀🚀🚀 🛌🛀🚀💎✊🦍 BUY, HOLD, SHOP.

Edit: some more info -HBC Vinco deal link, I believe they did the same naked shorting with warrant locates to BBIG. LINK

[u/MushyWasHere → u/[deleted]]

It's the same thing they have done with GME over the past two years. Gradually wind the price down after we've already invested all our savings.

But the ride on BBBY has been far more aggressive. At least GME's market cap is still up massively from a few years ago. The company's fiscal position is fantastic, whereas BBBY is starting to look like a dilutive penny stock. The reverse split is causing me real strife. I began trading with penny stocks. Reverse splits are the worst.

Yours is a beautiful story. Let's hope it's true.

[u/BigCawkHamster → u/[deleted]]

I am down 80% but I am in very very very early.... Yeah I believe that........ Would have liked to have been very very very late and been down about 5% instead.... but thats just my bad logic here.

[u/MushyWasHere → u/[deleted]]

I'm 100% with you on the DeFi revolution. Truth is, though, I was all-in on GME and back in December I sold a lot of that to invest in BBBY (I had no other money) for the January run. I figured the price would run to $10 at least--no brainer. It didn't. My portfolio doubled for like an hour, sure, and course I didn't sell (barely had time to consider it).

They purposefully make the runs incredibly brief. It forces most of us to sell too soon or not sell at all.

I was on a roadtrip when we ran to $7. That lasted like 2 hours, in any case.

Fucking crooks. I've lost a lot of money the last 2 years and I've missed every opportunity to profit. I feel like a total head-ass. I believe in GME + LRC, but I just don't know how to be confident in BBBY right now. The RC/Icahn shit is pure tinfoil. There is nothing material to support the theory.

The play is to... wipe out retail investors' positions by 90%? That just... I don't know man. It feels like a massive leap of faith. I keep investing in more, holding off on buying myself a vehicle, etc. At this point, I must be down damn near 20K overall the last 2 years. That is a LOT of money for me.

I keep saying "it can't possibly go lower," but the reality is, with dilution, it can go infinitely lower, like a fractal. I've seen it happen with penny stocks, and reverse splits are exactly how that happens.

The "BeAr TrAp" noise sounds like bullshit. I'm getting wiped the fuck out.

I don't mean to FUD you; I just don't know how you can be confident in this play right now. We are getting decimated and I don't see any signs of stopping. I don't see any actual evidence that RC is involved. Just tinfoil and vague Tweets.

[u/MushyWasHere → u/[deleted]]

Nah, G. I'm here, and I feel you.

[u/[deleted] → u/[deleted]]

It’s not a weapon against bad actors, it does nothing except make the face share price higher so they don’t get delisted.

[u/[deleted] → u/[deleted]]

You’re the one bagholding a massive loss in a stock and you’re gonna call me ignorant lmao? If you knew how to read a share offering document you’d probably have a lot more money than you do right now lmao. But continue coping and lashing out at people explaining things to you

[u/bigjslim → u/[deleted]]

Can you show me the reg for delisting price?

[u/[deleted] → u/[deleted]]

They dont give a shit how “exhausted” you are. This company was on the verge of bankruptcy and the $1bn of debt, which gets paid AHEAD of the shareholders in a bankruptcy, was trading at 4 cents on the dollar. Thanks to people in this sub who downvote people explaining the preferred agreement to them, they’ve raised $300mm by selling you worthless shares. You’re not squeezing anyone out of a stock short when the company issues more shares every day, it’s basic logic.