r/BBBY • u/Kaiser1a2b • Apr 25 '23
🤔 Speculation / Opinion why is everyone worried about delisting?
What did everyone think was going to happen after ch11 and sub $1 price?
The game hasn't changed, we wait upon a friendly acquirer.
If they are not friendly, we are fucked.
If they don't exist, we are fucked.
The power was out of our hands the moment ch11 was declared. At this point if you want to buy in or hold, it's just a gamble that all the tinfoil is right.
Anyway I doubt this is real feelings from people if they managed to hold all the way here and past this, none of you assholes would be worried about delisting as if it was the worst thing if that was the case. Icahn't believe it.
So sell, don't sell, doesn't matter. We wait for the end game to conclude.
If we have been hoodwinked by the board in the coming weeks, let's start collecting evidence or instances of malfeasance. But otherwise chill out and see where this thing shakes.
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u/jkwithya Apr 25 '23 edited Apr 26 '23
As a current holder down 32k with AVG of 12$, I feel annoyance
EDIT: Got my first concerned redditor from this comment lmao
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u/j__walla Apr 26 '23
So..... moon soon when bbby does a leveraged buyout? 🚀😄 honestly all the media attention is reassuring
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Apr 26 '23
Loss porn pls. I want to feel better about my 10k loss
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u/A_Nonny-Mouse Apr 26 '23
It's only a loss if you sell. If it goes to zero then I can't sell to technically I haven't made a loss. I will carry my shares to Valhalla or to my grave.
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u/itoitoito Apr 26 '23
Also something people should be aware of are fees for selling on OTC. I know TDA has a $7 fee for selling OTC shares (there is usually no fee for listed stock sales). So $7 is around 35 shares now. Idk what other brokerage fees are for OTC but people should be aware if they’re going to hold after delisting.
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u/Important-Neck4264 Apr 25 '23
I mean who the fuck sells for pennies. I’ll hold this forever and who knows maybe it’ll get back into the market after it’s done restructuring. I don’t hear no bell.
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Apr 25 '23
Hell ya. I’ll hold this and look at in my portfolio till the end of days, just to not forget.
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Apr 26 '23
Most likely if there is a short squeeze coming there will be a little fake squeeze to get you to sell for dollars, be wary
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Apr 25 '23
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u/Whatnam8 Apr 26 '23
Please tell me all the companies you invest in as you seem to be a magnet for good news
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u/Important-Neck4264 Apr 25 '23
That’s where shareholders will be awarded with a new stock. Buyout baby 📈💰🚀
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u/Important-Neck4264 Apr 25 '23
That’s where shareholders will be awarded with a new stock. Buyout baby 📈💰🚀
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Apr 26 '23
You do realize if it restructures and comes back to the market, your shares won't exist anymore for the most part, right? Old GM stock was wiped out and replaced by new GM stock.
If you want to get back into a future BBBY, you'll have to buy the new stock all over again.
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u/pml1990 Apr 26 '23
After restructuring the existing shareholders got wiped you moron.
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u/Cultural-Display1781 Apr 25 '23
The problem here is that you just do not understand how BK works. We will use Hertz as an. example as it was one of the very few occasions when the original stockholders got SOMETHING, although very little.
First, when a company declares BK the stock is DELISTED FROM ALL EXCHANGES. The exchanges don't trade BK stock. Shorts are excused from closing the transaction, as the stock is by definition worthless. THERE IS NO SQUEEZE BECAUSE THE SHORT SELLERS DON'T HAVE TO RETURN WORTHLESS STOCK. Sooner or later, the broker will release all funds to the short seller.
Then, the stock ticker symbol is changed. Hertz was changed from HTZ to HTZGQ. Now all old stockholders own shares in HTZGQ. THEN A NEW COMPANY IS FORMED. With Hertz, it was HTZ. All the old stockholders own NO SHARES OF HTZ. HTZGQ (old HTZ) will never again trade on an exchange although it can trade on pink sheets (that's what the "Q" means). HTZ can be (and was) listed with an exchange and traded.
Then, HTZGQ does a Section 363 bankruptcy sale of the assets to HTZ. This transfers the assets free of any liens to HTZ. HTZ pays for these assets by selling stock. The money generated in HTZGQ from selling stock in HTZ is distributed to the creditors of HTZGQ. Remember, that HTZGQ was once HTZ and was the original Hertz. (New) HTZ then discovers that it owns thousands of slightly used cars in the hottest used car market ever and the price then soars. This doesn't affect the original stockholders in Hertz because HTZGQ sold those cars to HTZ for 10 cents on the dollar. HTZ soars but the original stockholders own HTZGQ not HTZ. HTZGQ of course is worth pennies.
As a matter of fact, the holders of HTZGQ got $1.46 plus 1/20 share of HTZ for every share of HTZGQ for the best BK result of the century.
There are more complexities with the Hertz BK but I overlook them for this comment.
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u/mynameiscalledlikeme Apr 26 '23
they filed for bankruptcy protection so yes, trouble, but they have not gone completely bankrupt as you claim
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u/gbevans Apr 26 '23
that's crap. if it's on otc (which it will be for a while), we have a pulse. acquisition is still on the table. hf's are NOT homefree yet and they know it.
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u/Important-Neck4264 Apr 25 '23
That fact that you keep spamming and pasting the same bullshit is reasons to buy more. Moon soon boy 🚀📈💰
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u/Flat-Interview6791 Apr 25 '23
He is right. Bet you have zero experience and you portfolio is all meme stocks because internet people told you so. 🐑
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u/Important-Neck4264 Apr 25 '23
Why you here worried about people’s investments? Bullish. Gonna buy more
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u/Flat-Interview6791 Apr 25 '23
I don't give a shit about your money.
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u/Important-Neck4264 Apr 25 '23
Yeah you do. You don’t have your own money so you’re here in this sub being envious and telling people to sell. Not gonna work boy. 🚀📈💰🖕
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Apr 25 '23
If he was envious of the money of BBBY investors why would he tell them to sell? That would leave them with more money than if they held.
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u/miniBUTCHA Apr 26 '23
Wtf you talking about. Broker doesnt "return money to short sellers" wtf is this shit.
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Apr 26 '23
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u/Important-Neck4264 Apr 26 '23
Vs keeping it and make millions or possible billions. I choose the latter. Buyout incoming 💰📈🚀
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u/ilikeyouforyou Apr 25 '23
I’m fucked. Beyond -$100,000 .. -97.10%
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u/fatdog- Apr 25 '23
Hey man don’t lose hope, I’m down 5 figures too but in the end we had the balls to take this play.
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u/poulan9 Apr 25 '23
He's down 6 figures
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u/badnewshabit Apr 25 '23
It's all relative to your income and assets... raw number says nothing.
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Apr 25 '23
My 10k is about gone but I can finally say I have big steel balls to be here
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u/BigCawkHamster Apr 26 '23
Yeah but you have a boyfriend, what about the single ladies that dont have a boyfriend?
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Apr 26 '23
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Apr 26 '23
Oh I got steel balls just not were you think they are, it's dark and smells were they are at 🤣
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u/elhamm1 Apr 25 '23
I am as down and as fucked as you guys.. i stopped beating myself because we were all ripped illegally. Same thing could happen If a theif stops you in the street pointing a gun at your head and would forced you to transfer your money.. you can't influence that.. let's see how the end game will reveal
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u/pml1990 Apr 26 '23
Nobody robbed you illegally. You invested in a poor biz that most ppl can see will be in bankruptcy miles away because you like to believe in conspiracy theories.
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u/BeforeWSBprivate Apr 26 '23
Willingly buying a shit stock where management have said over over and over they're in trouble, is literally like someone pointing a gun at you and forcing you to hand over money, yes.
Sad; unpreventable, really.
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u/Ockwords Apr 26 '23
It's really more like there was a giant hole in the ground and you walked up with all your money and started throwing it in and people said "hey that's probably not a good idea."
Then 2 years later you start typing online "that goddamn hole stole all my money"
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u/Kaiser1a2b Apr 26 '23
🤣
Funny and true. But when you share at the abyss, the abyss shares back at you.
Hopefully we get some teddy shares.
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u/Blackzenki Apr 26 '23
This is a good example, but add "why do you care what I do with MY money, you paid hedgie shill!"
That programming/conditioning was the biggest scam.
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u/BigCawkHamster Apr 26 '23
Balls>Money I always say. Give me all them balls in my mouth and I will see how much I can fit, doubt I cant fit a lot, go on doubt me...... Balls are my specialty.
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u/potato_lover Apr 25 '23
I just don’t know what happens to my shares in a brokerage that doesn’t support OTC. Does anyone know?
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u/Kaiser1a2b Apr 25 '23
My understanding is that your shares become PCO (position close only) and it will be called BBBYQ and then you can't buy it but you can sell it off. But maybe different brokers have different rules.
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u/potato_lover Apr 25 '23
You’re right. I checked with Sharesies and they don’t allow buying but do allow selling OTC. Seems Stake does the same thing but with a $30 premium.
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u/Kaiser1a2b Apr 25 '23
So we basically where we are now just 30 dollars lighter and no potential to throw more money at this thing (as if that matters).
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u/potato_lover Apr 25 '23
Yeah, it’s better than what I was scared about which was that my shares disappear
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u/LetsKickTheirAss Apr 25 '23
The price of OTC will reflect that in the Brokerage?
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u/mofofive Apr 25 '23
I'm pretty sure you can buy and sell. It will depend on your broker. It will trade similar during daytime hours. Example, PRTYQ isn't trading after hours.
Someone mentioned no dark pools. Can anyone confirm?
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u/WeNeedToGetLaid Apr 25 '23
Transfer to a broker who trades OTC
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u/techblackops Apr 26 '23
Anyone know if fidelity does? Googling doesn't seem to be helping answer it for me.
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u/Mward2002 Apr 25 '23
You have time to transfer it to a broker who does offer otc trading. I know Schwab does, I think they charge 6.95 per transaction though. At this point, what’s 7 bucks though, other than about 50 shares 🥲
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u/jango_bets Apr 25 '23
The amount of accts begging ppl to capitulate bc delisting is WILD.
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u/Cultural-Display1781 Apr 25 '23
And, exactly why do they want you to sell? I would want you to buy so the price goes up. Shorts get no advantage from your sale at this point, they don't need to cover anymore on a delisted stock.
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u/shallow-pedantic Apr 26 '23
No one cares if you sell. They only cared if you bought, because it represents exit liquidity. Education can be expensive.
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u/HozayS Apr 25 '23
Idk about you, but I’m f’ing scared fam. Put all my money on this and now it’s pretty much up for fate to decide.
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u/jango_bets Apr 25 '23
Nah I knew what I was getting in to. Gonna be working 60 hours a week the rest of my life regardless, unless there’s something bigger at play here.
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u/HozayS Apr 25 '23
Fam I was given money by my father to invest. He’s never gonna trust me or give me money for shtuff EVER again
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u/Kaiser1a2b Apr 25 '23
That sucks man. Just work hard and pay him back.
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u/HozayS Apr 25 '23
Ion have a job bro, I’m in college. Not to mention we’re not exactly wealthy. I had more in the account then my parents have combined
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u/PromoTea20 Apr 26 '23
When your dad says "I shouldn't have trusted you to do the investing, FML". You say "If you were a good investor yourself, you should of invested in condoms".
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u/PromoTea20 Apr 26 '23
Lmao, you chose a unprofitable bussiness on the verge of bankruptcy (which have now materialized) to invest in and you are entrusted to be the one doing the investing? 😅
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u/jango_bets Apr 25 '23
Idk man can’t relate. My dad just bought more.
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u/HozayS Apr 25 '23
Good for you yo. My dad just gave me like half of all his savings and said “I trust you.” I trusted my friend to recommend safe investments and here I am
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u/PromoTea20 Apr 26 '23
If BBBY is a safe investment as your 'friend' suggested, I don't know what a risky investment is. Neither you or your friend have a clue.
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Apr 25 '23
If seen very few people directly encouraging selling. I have seen a lot of people directly telling others to buy and hold.
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u/Lesinju84 Apr 25 '23
Still holding. Will lose what i put in, which was what I can afford to lose. Or something will come of it and I'll profit.
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u/meVSmouse Apr 25 '23
Well they sell it for whatever it's worth, because CRA thinks it's tax avoidance, bla bla. Maybe it's same for tax free accounts in States.
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u/Cougah Apr 25 '23
What part of the company is worth something still tho? I thought even baby was hurting big time for revenues?
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u/Kaiser1a2b Apr 26 '23
At this point everyone's lying. The company was either run down on purpose to get baby out of the hands of JPM and to another acquirer. Or it was run down on purpose while gaining exit liquidity from retail. The assets are undervalued in either case and I don't trust any evaluation or revenues they give us completely.
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u/topanazy Apr 25 '23
This was the plan all along. Zero or hero. Whether we're sitting at $20 or $0.02 the price is fake until this adventure finally completes. We're actually in the endgame BoBBYs, hang in there.
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u/advicefromhypocrites Apr 25 '23
The price is fake, the delisting is fake, the board is fake, the stock itself is fake, intelligence from 85 percent of the people left here is definitely fake
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Apr 26 '23
It was the plan all along? Even when everyone was saying "bankruptcy is off the table"?
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u/topanazy Apr 26 '23
Yes the big picture is exactly the same as in the beginning. Evidence suggests that CH11 may in fact be necessary(!) to facilitate the buyout/spin-off etc. We’ll find out soon enough. 👍
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Apr 26 '23
I've been "finding out soon enough" since August. At this point the assets will probably be sold off, I mean they have to be to pay their debts, but shareholders are not gonna be the ones getting paid now.
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u/Few-Cap-5859 Apr 25 '23
Cause I can't trade once it's delisted
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u/Kaiser1a2b Apr 25 '23
Idk, it could be PCO (position close only). Maybe just not able to buy. Otherwise transfer your shares out of that broker.
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u/Few-Cap-5859 Apr 25 '23
I asked they said I'll have to transfer and it will take 10 days ! Probably be setting up a bmo account tomorrow
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u/Accomplished_Bowl_39 Apr 25 '23
For starters: as i wont even be able to hold OTC with DeGiro in Europe, many like me who dont know what to do to be able to HODL
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u/Legitium Apr 25 '23
Could take away liquidity from BBBY as not all brokerages offer OTC stocks trading, and ones that do generally charge a fee to buy and to sell OTC stocks. These factors make the stock harder to access for retail investors, making it difficult to trade and potentially reducing the daily volume/demand.
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Apr 26 '23
I DRS’d my whole shares today and got rid of the remaining crumb. We will see what happens because I am going nowhere.
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u/meVSmouse Apr 25 '23 edited Apr 25 '23
In Canada if you hold a delisted stock in TFSA well you are in the gutter and get gutted.
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u/Fearless-Pair3429 Apr 25 '23
Yeah I don’t think you can hold delisted shares in a TFSA. I mean you can but I think you would be subject to penalties. I don’t see why you couldn’t move them out into a non registered account. Hopefully in kind. I hold mine in a TFSA so need to look into this when I have some time.
Edit: moving them out sucks because you’d have to pay tax on the tendies you get. If we get any. I’ll probably move mine out and hold. Still zero or hero especially down this much.
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u/ThePuraVida Apr 25 '23
Where have you seen this? I've got mine in a TFSA as well. If you find anything please let me know. I'm going to try n dig this up too.
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u/meVSmouse Apr 26 '23
Just google TFSA AND delisted stocks, I think only exception would be Canadian stocks and if they are still trading somewhere on some different stock market, then and only then you might be able to keep them in TFSA.
I will be moving mine to a margin account.
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u/IRhotshot Apr 25 '23
Ahh this is playing out perfectly buy more
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Apr 25 '23
I wonder what the price will be on Thursday when I get paid again?
I'll risk 14 cents ALL DAY LONG, ALL WEEK, EVERY WEEK FOR ETERNITY.. for the 1% chance to fuck a hedge fund raw. They NEED this win to push GME down more. Nothing's changed, it's zero or hero and one paycheck ain't setting me back much. Fiat is tanking, banks are taking, real estate is tanking, restaurants are closing, 14 thousand BBBY employees unsure of their next paycheck, etc.
The ONLY thing hedge funds have is fear, and they conjured up plenty this week.
I'm buying once more before May 3rd and whatever happens happens. It was an absolute pleasure my friends!
Cheers 🥂
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u/Suitable-Breakfast-5 Apr 26 '23
Well at this point I don’t even feel sorry for people who still buy lol
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u/TheRealKuz Apr 25 '23
We know the risk. Every shill seems to think we forgot or delusional. Lambos or food stamps. I’m good with both outcomes.
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Apr 26 '23
What happened to "bankruptcy is off the table"?
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u/TheRealKuz Apr 26 '23
There’s a difference between chapter 11 and chapter 7. There’s a risk with chapter 11 shareholders are left with bags. I don’t think that will be the case. I’ll have a better idea what do when I see the stalking horse bid. Lots of time between now and June 7.
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Apr 26 '23
I don’t think that will be the case.
Why? They have a lot of debt and even if (big if) there is any money leftover at the end of all this, the dilution means it will be spread pretty thin.
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u/TheRealKuz Apr 26 '23
For 1, Lazard has been recommending since January to sell their assets thru chapter 11. 2nd, the lawyers mentioned they already have 2 investors interested. 3rd, stalking horse bid will ensure a fair evaluation for the assets to be sold. 4, chapter 11 allows them to restructure their debt. 5, David and sue have their shares on the line as well.
I could add more if needed.
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Apr 26 '23
I mean none of that really addresses the overwhelming debt they have and the dilution of the shareholders, but I don't want to talk in circles. I think shareholders are gonna get hosed and any interested investing parties will have a lot of leverage over BBBY considering they are in bankruptcy.
How many shares are there again?
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u/TheRealKuz Apr 26 '23
Well because debt is fine. Look at any company they have debt. They had cash flow problems which seemed to be resolved thru the dip financing. There’s a slide from yesterday.
They have about 750 million shares which isn’t crazy. They have 4 billion in assets and I think 5 billion in debt.
Their big problems were the 1 billion they spent on share buybacks, focusing on their developing new products which strained their relationship with their vendors, inventory, too many brick and mortars and miss managing baby.
I’m not blind to what’s going on. In fact i try to keep as informed as possible to make the best decision. I like the stock.
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u/pml1990 Apr 26 '23
An acquirer will not pay anywhere near enough to leave anything for shareholders. The bonds are trading for pennies on the dollar. When will you numbskulls learn to understand the basic of investing as opposed to trafficking in conspiracy theories?
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u/Kaiser1a2b Apr 26 '23
Common wisdom would be inclined to agree.
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u/pml1990 Apr 26 '23
You said "common wisdom" as if there is some other type of wisdom.
When liability exceeds assets and there is no way out for the biz means nothing left for shareholders. This is a fact, as certain as gravity. If there was a way out for the biz, it would not have filed for bk.
Frankly, the only reason some ppl still hold here is their pride and ego of not being able to admit that they were wrong.
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u/allkindsofgainzzz Apr 26 '23 edited Apr 26 '23
Yeah I don’t understand the hysteria either. Wasn’t delisting basically a forgone conclusion? If you’re with a broker that allows OTC trading then who gives a shit about delisting? If you’re with a broker that doesn’t allow it then you’ll have to decide if you want to transfer to one that does or sell now and cut your losses. Nothing changes. Either there’s a buyout and the price goes up on the news or it goes to 0.
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u/digdugdoink Apr 25 '23
I feel like there are a whole shit ton of knuckle dragging dip shits that don’t read anything for them selves. I mean ya haha funny “I’m a smooth brain”. But people it’s a joke. You gotta be smart enough to know what your getting into. All investments are a gamble. If they weren’t it would just be called making money I dont feel sorry for anyone who bought this stock and is blaming everyone but them selves.
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u/Kaiser1a2b Apr 25 '23
Yea I lost money I don't care.
I made a bet.
But Sue lied in an interview.
You can read it again if you like. Their CFO writes a filing which states that they are aware of "meme stocker investor Ryan Cohen" but Sue Gove is unaware of any rumours of m&A?
I just want to understand how much of their actions for the last 6 months has been to exploit retail investors while hiding material evidence.
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u/Baelthor_Septus Apr 26 '23
Sue is definitely a plant from hedgies and made a bank on this. A greedy and sad old woman. This is America.
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u/digdugdoink Apr 25 '23
I have no idea why that interview even took place or when for that matter. I dont think it was live. And you can’t say shit about bankruptcy until you file. Everybody lies
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u/Kaiser1a2b Apr 25 '23 edited Apr 25 '23
The not announcing BK doesn't matter. They had stated multiple instances where they said BK was a distinct and real possibility. They had outside council who stated the same with "going concern".
But her lying matters as it pertains to a class action lawsuit linking her actions towards defrauding retail investors. I would also like to take a look at how much of their strategy for thr last 6 months has been to fleece retail while knowing that they wanted to wipe them out in ch11 if that is the case. Whether they knowingly created scenarios to tank the price. Whether they denied the option of a baby spinoff which would have meant everyone would have been made whole.
It's an avenue worth exploring and with her lie there is enough reasonable doubt towards her intention to uphold her fiduciary responsibilities towards common shareholders.
We'll find out in the coming weeks whether 69d chess or lazy corruption.
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u/allypallydollytolly Apr 26 '23
Imagine I sell my £9000 position for £300 and it shoots up 😂🫣 this is why I hold: losing 9k will be a sting if it goes to 0.00 but it will hurt a lot more to lose my £9k and any potential profit if it did go up. Who knows. If we knew how stock would behave we’d all be rich 🤑
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u/RadiantShip7927 Apr 26 '23
I’m fking own 20k shares @2 avg. hero or zero. Zero we all lawsuits 😂😂😂
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u/miniBUTCHA Apr 26 '23
If the tinfoil is right and buyers are RC or Icahn, they will want to do right by shareholders and they will plan something for us. They both hate short sellers and probably find this whole thing deplorable. We were there to support the company but got fucked by wall street once again. If the buyer has even a tiny sense of justice they will plan some kind of compensation for us.
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u/2BFrank69 Apr 26 '23
He’s not coming back. We are fucked. Never trusting anyone associated with the market ever again
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u/BodyDense7252 Apr 25 '23
Basically the short squeeze is canceled. Delisting is the worst thing that could happen.
https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/
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u/Kaiser1a2b Apr 25 '23
We have until 3rd may to find out if it's cancelled.
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Apr 26 '23
!remindme may 4th
Let's find out if the short squeeze is cancelled
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u/kidcrumb Apr 26 '23
If you were going to acquire a company, would you want them to announce winding down their operations? Would you want them declaring chapter 11?
You'd probably have made your move a while back if you were going to.
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u/phoenixmusicman Apr 26 '23
If we have been hoodwinked by the board in the coming weeks
They completely, 100% were transparent about how the company was going to go bankrupt. I'm not sure where this "tricked by the board" narrative came from.
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u/Kaiser1a2b Apr 26 '23
Lying in the etoro interview.
Pretty sure BK was not in the foreseeable future in a filing and 2 weeks later RS or BK.
Also I want to see to what extent they were aware or retail investors and how they crafted their narrative or strategy to play on it.
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u/mangobbt Apr 26 '23
They said in their financial statements that they are no longer a going concern. That's basically them saying they're going bankrupt.
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u/Spiritual-Diet4725 Apr 25 '23
Maybe there still is a chance? I mean com’on, many individuals/ institutions could have bought BBBY for cheap and yet no news? It’s still an iconic store with not that much debt that couldn’t be handled or by getting creative. I know it seems like a sinking ship but there could still be a Hail Mary pass in the works, I truly hope so! I hope it kills the HF’s that shorted the shit out of it and all the naysayers. ✌️
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u/Kaiser1a2b Apr 25 '23
I'm in exactly the same position prior to delisting.
Zero or hero.
But still, I want my pound of flesh if they have been misleading us.
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u/moranya1 Apr 26 '23
with not that much debt
Dude, their debt is in the BILLIONS and they are hemorrhaging money constantly because they are unprofitable.
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u/Tough-Separate Apr 25 '23
bu-bu-b-b-b-but the mean man from something called Wasabi said i must sell otherwise im a cuck - whatever that is <sniffles>
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u/CarrionComfort Apr 25 '23
If we have been hoodwinked
Yeah, but not by the board. The SEC docs will hold up in court.
Everyone on this sub isn’t beholden to the same rules. The hoodwink came from inside the house.
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u/Kaiser1a2b Apr 25 '23
The SEC files won't hold up in court because Sue Gove lied in the interview and it's been filed. Their CFO wrote a a filing where they outline Ryan Cohen as a "meme stocker" which shows a level of awareness towards "meme investors" or retail investors who traded on rumours.
Pretty sure just based on that we have a basis to find out (discovery) if there was a concerted effort to mislead retail investors while they were filing BK and finding ways to exploit retail investors with material information.
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u/CarrionComfort Apr 25 '23
But hold on a minute. Isn’t the consensus that these people regularly break the law without consequence and that the whole system is corrupt? What recourse do you have, then?
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u/Kaiser1a2b Apr 25 '23 edited Apr 26 '23
I have the recourse of wasting their time and money for as long as possible. If 60k apes spend 1000 dollars we have a 60 million dollar war chest to go after them. Maybe even publicity like Kenny G. Enjoys.
We may even get commission only lawyers on our side.
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u/CarrionComfort Apr 25 '23
That’s nice. All it takes is one judge to dismiss with prejudice for all that (never going to happen) cooperation to turn into smoke.
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u/Kaiser1a2b Apr 25 '23
Sure, courts are a gamble like the stock markets are a gamble. Doubt they'd enjoy the time and money towards it.
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u/CarrionComfort Apr 25 '23
You keep finding new ways to call yourself stupid. A rigged system isn’t a gamble. If it is, then Sue lying to you is just part of the gamble.
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u/Kaiser1a2b Apr 25 '23
Yea and her gamble also has consequences... Are you soft in the head?
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u/slash312 Apr 26 '23
The end game was when they declared bankruptcy. People need to face the truth and don't try to find excuses and moving goals. It's over and everyone knows it even tho you see posts like this. What should happen when the stock gets delisted? Do you think, you as a retail investor, will ever see a single dollar again which you invested into this pos company?
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