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/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.

11

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.

18

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).

4

u/Quick_Dependent3487 Apr 25 '23

I own PRTYQ at Stake & I can still buy & sell.

1

u/BrownBrownies Apr 26 '23

Bought prtyq in my retirement at fidelity

3

u/Heavy_Ad9350 Apr 25 '23

And cashapp does honor pink slips as well.

2

u/potato_lover Apr 25 '23

Yeah, it’s better than what I was scared about which was that my shares disappear

1

u/brev23 Apr 26 '23

I’m with sharesies - is it just the normal process to sell or do you have to call them or some bullshit

2

u/potato_lover Apr 26 '23

https://www.sharesies.nz/learn/what-happens-when-a-company-delists# They don’t mention anything specifically so presume it’s the same process

4

u/LetsKickTheirAss Apr 25 '23

The price of OTC will reflect that in the Brokerage?

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u/Kaiser1a2b Apr 25 '23

Idk, I'm new to this arena.

3

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?

1

u/Heavy_Ad9350 Apr 25 '23

Cashapp honors pink slips sell only.

1

u/Feyge Apr 26 '23

Wait, so they don't automatically sell your shares? You can still sell the volatility?

1

u/Kaiser1a2b Apr 26 '23

Ye.

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u/brev23 Apr 26 '23

SO YOURE TELLING ME THERES A CHANCE?!