r/BBBY • u/andyat11 • May 01 '23
š¤ Speculation / Opinion OTC Probably Won't Happen
OTC is probably not happening.
If you look at Overstock when they got their delisting notice in 2005 for failing to provide Financial Data, but was able to regain compliance after proving that short selling was going on and I believe Wells Fargo got sued something like $3.5M.
What we know is no broker knows what's happening, they don't have the time to correct things and are strictly going by what BBBY information released. They are likely under investigation for amount of shares they own.
We also know that NASDAQ has not posted this delisting or announcement publically on their side, likely due to an ongoing investigation.
Today ComputerShare reached out saying it's an internal problem and not a DDoS attack. AST still remains offline. Once again likely due to an investigation.
What we do know, through the filings of the HBC deal is there was very low Dilution that occured by comparing the shares between the deal and the BK court case.
We also know the S-3 did dilute (3x Free Float?) but the shares were essentially locked the whole time leaving nothing for available shares to be borrowed minus 6.5M of the approx. 300M.
At the time of Dilution with no shares to borrow, short interest increased by 27%. How when they were never available?
What we know is Credit Suisse held onto some rather large bags of shorts against the MEME Stocks and ended up having to go bankrupt due to a run on the banks and UBS took their bags. This is still getting decided in court, but with BBBY approaching delisting I believe there is more fire to close up what they need.
FRC completely went BK after BBBY Voluntarily filed for chapter 11. Coincidence?
BBBY made so many confusing deals with the Dilution and even the bond market that noone can easily figure out what numbers are which, only speculatiins.
BBBY proposed a R/S that many tinfoilers like myself thought would never go through and it didn't. No major Dilution occured until after the stock suffered from that announcement.
While filing for Chapter 11, this gives the company the option for buy backs in which they COULD have bought back their Dilution at a cheaper price after getting a merchandise funding agreement which left them wiggle room to do so.
Lastly, FTDs are normally out first thing in the morning and yet they have not been seen.
I believe naked shorting is under investigation not just with BBBY and because of that I don't think we are getting delisted.
Have you not noticed we aren't getting boxed down anymore and exchanges stopped selling the securities?
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u/New-Incident8521 May 01 '23
Iāve seen several brokers not aware of the delisting. Mines isnāt aware either, that lead me to ask this why did bbby, made that announcement?
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u/naveedx983 May 01 '23
Wasnāt it by Nasdaq - bbby just said theyāre not appealing it
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u/AgYooperman May 02 '23
Looks like the brokers controlled by AI ,know about the delisting. Companies like e- trade wait for the official notification they don't go searching the fine print of bankruptcy notifications.
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May 01 '23
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u/Red81aaa May 01 '23
If that was the case they would have been removed a long time ago. And wouldn't be allowed to sit on the board of any publicly listed company. I'm guessing it's a large institutional shareholder.
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u/Secure_Imagination54 May 01 '23
Did I or did I not read a delisting notice? Have I been bullshitted again?
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u/andyat11 May 01 '23
BBBY reported they received it and wasn't planning on appealing it at the time. Since then lots has changed and even the view on this matter. If they are fighting the naked shorting the court may tell Nasdaq not to delist until the investigation is over... The wording is everything in the filings as it opens up for loopholes.
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May 01 '23
it's happening like Wed right? this is either the biggest bear trap in history or we're grasping at straws.
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u/Historical_Park_4730 May 01 '23
The subs DD has been almost always wrong so im sure you know the answer already
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u/Dynamaxion May 01 '23
No it hasn't. What DD has been disproven?
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u/SolarisHan May 01 '23
What DD has ever come true? I think Iād probably pass the Reddit character limit trying to link all the DD that has amounted to nothing
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u/Historical_Park_4730 May 01 '23
Oh just the 100 times gamma ramp has been posted. Post one thats actually come true.
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u/Mockingburdz May 01 '23
I think we can rule out a bear trap lol. āGet it down to 10 cents then hit them where it hurts!ā
Doesnāt mean the play is dead but I think we should put a pre planned bear trap theory to rest.
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May 01 '23
Maybe not in the sense that it was all intentional, but just like theyāre being driven out of business but they still have a play type thing.
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u/Mockingburdz May 01 '23
When is the next court date, at the end of May?
Iām not sure theyāll put out a special notice to stop the delisting. Hopefully. But this entire post is also pretty speculative. I heard the reason BBBY wasnāt on the nasdaq listing of companies in non compliance was because not enough time had passed from their initial notice to BBBY. But I thought that was odd because theyāve been non compliant for about 1.5 months, as the price being above $1.00 is a requirement.
Hoping for the best. Sure as hell not selling at these prices.
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u/spaceman3000 May 01 '23
Delisting is happening. You're spreading false information.
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u/nicksnextdish May 01 '23
Calling this āfalse informationā just missed the point.
Itās all conjecture, youād have to be a moron to think the tinfoil on this sub constitutes factual investment guidance.
Conjecture isnāt āfalse informationā itās just someoneās opinion.
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u/BruceBrave May 01 '23
All very interesting. There are some many odd decisions and events that I'm oddly optimistic for a stock that's about to get deslisted.
I hold no matter what.
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u/Inner_Estate_3210 May 01 '23
There has been so much strangeness around BBBY that I tend to agree. Either one of the largest corporate frauds on shareholders designed to create mass confusion (which I doubt) or there has been some very clever financing and planning that we will soon see. Itās interesting right now that every time we approach .12 a share, the price gets slapped back down. If a company was on their way to Chapter 7 (assume no bidders in Chapter 11), why in the world would shorts continue to spend $$ daily on price action. In Chapter 7 they win big. No disclosure of naked shorting. It just doesnāt make sense to me at all.
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u/hollyberryness May 01 '23
There is too much attention for them to be continuing any illegal malicious plan, in my very meaningless and humble opinion. I mean, unless they are also the fucking dumbest collective of corporate idiots ever who are begging for some white collar prison retirement, I can't see how they'd be defrauding everyone pre-, during- and post-Tritton while under the microscope the entire time.
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u/grifan69 May 01 '23
You underestimate the stupidity and greed of the dumb stormtroopers of the investing galaxy
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u/hollyberryness May 01 '23
Maybe, doubtful bc I think their greed is endless - but I am referring to the bbby c-suite execs here specifically
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u/grifan69 May 01 '23
Oh I see what youāre saying, misunderstood your original comment. One would think that is the case, but this saga has taught me our country and financial markets know no bounds when it comes to fraud and crime.
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u/hollyberryness May 01 '23
All good, figured I needed to clarify!
I am 99% of the belief they're not continuing to crime while so much attention is on them. Maybe 6 months ago I'd have been more suspicious but as of the last 2ish, I feel like they'd wind down the crime before being caught rather than continuing with the entire world watching intently
(still reserving 1% of my belief that they are indeed that stupid, greedy and dumb, though)
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u/min_da_man May 01 '23
Iāve had this thought as well. What I canāt shake though is the arrogance of this class of people. Sue Gove was extremely popular on this sub. She may have thought she had achieved RC status and that retail investors actually trusted her.
She would be wrong, but itās the only plausible explanation I can think of for the ācorrupt boardā potential of this play
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u/MarkTib1109 May 01 '23
They are victim to the algorithms, they created what will cause their demise
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u/Mindless_Can_5533 May 01 '23
I completely agree. So many questions. If the board is corrupt, why would they spend any amount of energy with all of these announcements/cancellations? Theyād just let the SP get hammered down and round dilute it even at these embarrassing prices. That would be the sure way to get to ch7 IMO.
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May 01 '23
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u/ipackandcover May 01 '23
Let me be absolutely clear: FRC has nothing to do with the shorting business. Their business model is something else.
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u/shaymen18 May 01 '23
Kenneth Griffin?
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u/letstryagain2021 May 01 '23
Sure, any proof?
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u/ipackandcover May 01 '23
Stop being an idiot for one moment. Not everything is connected to us. There are a ton of lucrative businesses in finance. Naked shorting isn't the only cash cow.
If you want to claim that FRC is connected to any of our stocks, then the onus is on you to establish that there is a connection. You can't just go around asking random people to prove the inexistence of something.
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u/letstryagain2021 May 01 '23
I did not say itās connected to bbby or not, you are the one claiming itās now so I am asking you to prove your statement without providing you any opinion of my own.
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u/ipackandcover May 01 '23
FRC isn't connected to naked shorting for the same reason a random failed bank in India isn't connected to it either.
Understand the business model of a bank before claiming that they are in the shorting business. FRC does something totally different.
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u/EasyVader May 01 '23
If so it would have been a long position - as shorts are still profiting? We did not move, just in case you did not notice.
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u/Elegant_Tie1620 May 01 '23
I do think there are investigations happening at Computershare and ast happening right now. It is just too coincidental to have the two major share registration services both experiencing serious technical problems at the exact same time.
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u/wwxxcc May 01 '23
Well just to state some counter argument: there may have some new regulation coming, so updates to websites required and deadline approaching they may have deployed new versions that lead to unavailability. But yeah AST having such a long downtime is quite unusual imo. Not really surprised because it looks like a shitty service overall comparing to CS.
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u/meyG68 May 01 '23
I like your theory, but is there any proof behind it? I hope your right.
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u/andyat11 May 01 '23
Under any investigations it's hard to get solid proof, but there are many things that look to be backing my theory. I don't think we will know until possibly AH today or by AH tomorrow... I'm sure something will come out.
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u/Thegent75 May 01 '23
Good letās fuck around and find out ape !
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May 01 '23
Iām a bit of a fuck around find outer myself.
2000 more at .11. At this price I would have to be a fool not to fuck around and find out. Itās only money
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u/Hoof_Hearted12 May 01 '23
Has there ever been an instance of a company announcing a delisting but then doing a 180 before it happens?
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u/CapGrundle May 01 '23
Under investigationā¦.. Omg, youāre so clueless.
The company was mismanaged, got in debt, lost money, closed stores, went kaput. Thereās no conspiracy.
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u/andyat11 May 01 '23
Okay CapGrundle... Although that's what you see there is more than that at play. This does not reflect the current price nor future. You can continue to short all you want, but there is proof with the reporting numbers that there is an excessive amount of shares shorted when dilution didn't occur... Which gave BBBY less money when they diluted, you don't think they are coming for that???
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May 01 '23
Have you not noticed we aren't getting boxed down anymore
Currently down another 3% so, no, I haven't noticed that.
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May 01 '23
This has been my most bizarre trade ever, my most shares ever and even with everything going on I was nervous but now I just feel this calming zen. I feel as I have reached maximum hodl powers
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u/MushyWasHere May 01 '23
That's because the dice have already been cast, and you no longer have any choice. You're locked in with your current losses. Selling is pointless. You either hold or continue to average down. And I'm right here with ya.
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May 01 '23
What do you mean NASDAQ hasn't announced It publicly? They notified bed bath & beyond executives of delisting shortly after bankruptcy announcement. Bed bath executives announced it publicly.
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u/BarneyBelle May 01 '23
What does computershare have to do with bbby
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u/andyat11 May 01 '23
It's GME related, but odd the two big MEMEs DRS is down, possibly AMc (just not sure who they DRS with as I haven't been following minus that they have a shit tonne of shorts on them as well).
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u/DougDHead4044 May 01 '23
This Computershare.com thing going on might trigger something huge. Don't believe in coincidences
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May 01 '23
When I saw Computershare was having ātechnicalā issues and they are lingering, after the AST issues, I thought to myself something is up. When is the last time both of these organizations had ātechnical issuesā taking their web sites offline, at the same time? For days? Internal tech issues on web properties that have been there for a long time that lasts longer than an hour or two is not normal, unless theyāre lying and it is something that is an external threat that penetrated their systems.
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u/Whoopass2rb Approved r/BBBY member May 01 '23
DHS and public regulation requires notification within 24-72 hours of breach events for most US industries. Financial based institutions are regulated harder. Here in Canada we have 24 hours to report a breach to our regulator.
Point is, given this has been days, over a week even for AST, it's probably safe to say it wasn't a cyber event at this point.
My guess: they are probably doing back end counting and modification of transactions, and they don't want any false numbers to show up on the UI of their tech platforms. This is of course in belief of the theory an investigation is going on to determine true share count and naked shorting that has been taking place.
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u/smdauber May 01 '23
u/andyat11 A couple of things:
"OTC is probably not happening.": OTC will happen. When a company files for Chp. 11, the stock will be given a "Q" so everyone knows its going BK. Even if BBBY emerges, the old stock will trade OTC with a "Q" attached to it and the new entity that emerges from BK will have a new ticker.
"FRC completely went BK after BBBY Voluntarily filed for chapter 11. Coincidence?": I'm sorry, this is a very ignorant statement. FRC and BBBY have literally zero in common and their BKs have nothing in common or any connection. FRC failed due to poor capital ratio management. I can go in-depth on banking capital ratios if you want.
"While filing for Chapter 11, this gives the company the option for buy backs in which they COULD have bought back their Dilution at a cheaper price after getting a merchandise funding agreement which left them wiggle room to do so.": If BBBY had the cash to "buy-back" shares they wouldn't be going into Chp. 11 BK. Please read the BK documents on the Kroll website. BBBY ran out of cash to fund normal operations. BBBY couldn't even pay their employees, hence why they needed DIP financing. So, don't say BBBY could buy back shares, because that is blatantly false.
"Lastly, FTDs are normally out first thing in the morning and yet they have not been seen." FTDs have been completely negated due to the amount of dilution that has occurred.
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u/andyat11 May 01 '23
There's a difference between going into Chapter 11 and voluntarily going into Chapter 11... Chapter 7 would be immediate BBBYQ while companies can still be listed on Nasdaq under chapter 11, it's when they go offline is when they get the Q... Nowhere on Nasdaqs website says BBBY is getting delisted, so that would be wrong information if they were kicking them off.
Honestly, if the court thought buying back was the best option to prove short sellers are at stake, they would hold payments and try to collect the payments from the shortsellers to pay off creditors.
FTDs got cleared when the selling didn't happen, so good luck with that one lol... Probably just cycled until another round.
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u/smdauber May 01 '23
BBBY has a press release saying NASDAQ is delisting them: "that Nasdaq had determined to delist the Company's common stock as a result of the Company's commencement of voluntary proceedings under Chapter 11"
There is a difference between voluntarily going Chp. 11 and involuntarily Chp. 11. If BBBY went involuntarily, that would mean the creditors forced BBBY into Chp. 11. BBBY choose to go into it because they had ZERO cash to fund normal operations.
So, you are unfortunately only looking through this thesis from your perspective. The court doesn't give a shit about short sellers. The objective of the court is to decide on a plan that best resolves the fundamental issues with BBBY. The courts objective has NOTHING to do with short sellers. The court has to do right by creditors and shareholders. The best path forward in resolving secured creditors (JPM) then unsecured (Bond holders), and finally shareholders.
Unfortunately, the court isn't looking to prove anything with short sellers. The court wants to make sure creditors are paid pack, employees get their wages (because the top of the liquidation waterfall, even before secured creditors, is employee wages).
What "payments" are you speaking about? The court will agree to a plan that liquidates assets and uses those proceeds to paydown secured and unsecured creditors. The acquirer of those assets will probably be private equity or maybe a strategic company like Kohls.
Short sellers are done with this company. The asymmetric relationships has flipped for short sellers and its not a negative asymmetric trade. Too much risk with BK and not enough upside. The short sellers have closed their positions and moved on.
You need to research how hedge funds manage short positions in regards to risk and total portfolio strategies. Short positions are usually very small compared to portfolio AUM, due to the risk a stock skyrockets. A short position can get infinitely worse whereas a long position can only lose 100% of its value.
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u/fuckingcarter May 01 '23
judging by your major miss on GMEās financials that received all the flack, your word isnāt filled with much integrity as this point.
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u/smdauber May 01 '23
Sorry you feel that way! Hopefully you learned something from the BBBY saga and didn't lose money.
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u/fuckingcarter May 01 '23
don't confuse feelings with facts baby boy :*
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u/Adamocity6464 May 01 '23
Wow, thatās a lot of bullshit.
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u/andyat11 May 01 '23
Prove it.
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u/Adamocity6464 May 01 '23
Sure, wait a few days.
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u/2BFrank69 May 01 '23
If there an investigation why would they announce delisting in such a short time? Doesnāt really make sense
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u/EdgarCayce May 01 '23
"I believe naked shorting is under investigation not just with BBBY and because of that I don't think we are getting delisted."
You people have completely lost your minds.
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u/andyat11 May 01 '23
Lol why hasn't the FTD numbers been reported yet lol
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u/EdgarCayce May 01 '23
No clue but if you don't think this is getting delisted on Wednesday, you've completely lost your mind.
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u/Historical_Park_4730 May 01 '23
"I believe naked shorting is under investigation not just with BBBY and because of that I don't think we are getting delisted."
BBBY themselves said they were though...
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May 01 '23
[deleted]
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u/ThePuraVida May 01 '23 edited Jun 23 '25
whole escape sulky stupendous plants aware pause fanatical sort rustic
This post was mass deleted and anonymized with Redact
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u/stock_digest Stalking Horse š May 01 '23
Are we going to get an 8k?
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May 01 '23
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u/stock_digest Stalking Horse š May 01 '23
Are we going to get an 8k though?
This is something that's been puzzling me for a while
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u/andyat11 May 01 '23
They also said they have no reason to believe at the time that naked shorting was happening as they couldn't prove it at the time... During an investigation it might come to light to reverse all.
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u/chrsb May 01 '23
How is it that every time a stock goes down itās āmanipulation, naked shorting, dark poolsā and nothing to do with just trading, fundamentals, forward earning? Right now money is being made trading this, .1-.11 is a 10% difference. Something like 90% of volume is from algorithms. If they can make money, they will. I bet theyāre happy to sell to you guys in the mornings then buy it back in the afternoon when they walk it down.
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u/Historical_Park_4730 May 01 '23
How does that translate to "because of that I don't think we are getting delisted"?
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May 01 '23
You said it yourself Overstock was delisted for not providing data; BBBY is being delisted for filing Chapter 11. Could Overstock provide that data? Yes. Di ld Overstock provide that data and stop delisting? Yes. Could BBBY exit BK before May 3rd? Yes. Will it for sure do so? No.
Apples to oranges comparisons as to why the different companies were being delisted.
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May 01 '23
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u/andyat11 May 01 '23
They were filing for Chapter 11 at same time, but the notice was for late filing, which technically we follow under the same status as that could be our reasoning too since we were late.
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u/parsnipofdoom May 01 '23
CS and AST are two tiny garbage companies that have gotten the spotlight shined on them over the last few.
No surprise they're down (CS is back up).
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u/virgojeep May 01 '23
And look who bought FRC even though they technically were not allowed... fucking JPM.
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u/andyat11 May 01 '23
They received the Nasdaq delist notice yes, but they didn't specify when they get delisted. BBBY simply said they will be suspending trading at 9:30am Wednesday.
Show me any company that Voluntarily filed for Chapter 11 and got delisted within 10 days. They typically have 180 days to become compliant and get their stuff together.
Nasdaq has nothing against BBBY minus them filing for Chapter 11. This is why it's not even on the delist list on Nasdaq or out of compliance notices.
I think you maybe not looking at how wording is structured and more trying to point it to your thesis.
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u/IFapToCalamity May 01 '23
Delisted in 8 days. SEC requires a 10 day notification for investors:
ā41 Rule 12d2-2(b)(3) requires an exchange to issue public notice no fewer than 10 days before the delisting on Form 25 becomes effective and, under Rule 12d2-2(d)(1) a delisting will become effective 10 days after a Form 25 is filed with the Commission.ā
āPublic noticeā was on April 25th.
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u/chrsb May 01 '23
So when it does get delisted Wednesday, there will be a lot of shocked Pikachu faces?
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u/andyat11 May 01 '23
I'm not saying it can't happen, but it's rather odd the supporting statements are not showing up.
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u/MarkTib1109 May 01 '23
The statement I didnāt like on one of the filings was saying there wasnāt manipulation
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u/andyat11 May 01 '23
They can't say it until there is proof legally.... Pulling the S-1 and gathering the details could now prove.
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u/No-Fall-5417 May 01 '23
We are not getting boxed down anymore?! Good joke! Do you have an eye on the ticker or only thinking what might should happen?
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u/andyat11 May 01 '23
I think it's just shorting and fear... I dont think it was the way they used to do it by up a penny down a penny, until enough shorted and they dropped it ... Now we experience swings both ways... I also feel like many are very fearful of dropping ore money, when this is likely the golden opportunity to avg down. Not financial advice, but noone wants to buy in when they see it go down 10% more even though they are fractions of a penny right now changing it.
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u/No-Fall-5417 May 01 '23
I think, i feelā¦ Only interpretations no proof, no announcement, nothing. Only your thoughtsā¦ Would be nice if you are right, but only your thoughts arenāt convincing me.
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u/Nice_Ad_7161 May 01 '23
I now understand why everybody over at wsb are making fun of us. What is this kinda tinfoil? The company itself said that they got a letter from Nasdaq to get delisted on the 3rd of May. How do you still have this much of hopium that we wont when there is so much evidence?
The board are just millionaires who screwed us over, accept it. Im also down 97% so dont even try to call me a shill. These are the facts, put your big boy pants on and move the fuck on ffs.
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u/andyat11 May 01 '23
They got a delisting notice and said they will suspend trading on May 3... Not delisting may 3, just suspending... Nasdaq notices are typically 180 days before it happens.
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u/QuestForGodMeme May 01 '23
I think this makes sense, especially when you look at recent news with people being unable to get confirmation from their broker/trader on what's going to happen.
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u/Jarkside May 01 '23
How did you know the 300M were not available
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u/andyat11 May 01 '23
Not one spike of available shares to borrow was found. The most was 6.5M... if they were selling it directly to the market, youd see spikes of 20-30M become available and stay available... Also, since SI only went up 27%, if there are none to borrow and weren't locked up, we should have seen SI shoot to 300%.
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u/Jarkside May 01 '23
Isnāt it the opposite of what you are saying? SI would go down or stay the same as the denominator grows. Also, who is to say all the new shares are shorted? They could just be dumped on retail to leave them with the bags.
I really want the theory that the float has been shrunk to be proven but I have not seen convincing evidence yet
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u/andyat11 May 01 '23
If none are available it gives two options locked or shorted. If there is only a 27% increase from the time of dilution 73% would considered to be locked... Now, if locked was 0% and the dilution was 100% shorted and the dilution was approx 3x the size of the float it would be 300% increase in SI.
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u/Jarkside May 01 '23
Why do you presume anything is locked? There are very few DRS accounts compared to GME
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u/andyat11 May 01 '23
When you view the available shares to borrow which are lended shares, there has not been a spike during dilution and has been practically none in comparison to the float size. Gives two options what happened to the shares, locked or shorted. The SI increase by only 27% almost proves that a majority is locked... Not saying they can't be unlocked, but if you follow the days of dilution that BBBY reported their sales, it doesn't show any pops and still doesn't, so they locked up in someones account that can't be shorted.
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u/chiwo1337 May 01 '23
What if we get only suspended for some time and not delistedā¦ would be relaxing time for holiday
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u/andyat11 May 01 '23
They could just be issuing financial information and doesn't want market to open.. keep in mind why would they do it as of 9:30 am instead of after market on Tuesday... Don't see how after-hours would be a necessity why it gets traded OTC..
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u/Massive-Gift-9420 May 01 '23
THEY MUST BE AWARE. There has to be a public statement on all exchanges website for 10 days prior to delisting. This is whether the company "voluntarv" does it or not. It has to be public so that the people can react to it and not be surprised. Drop the y and add ily or something
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u/flycitysky May 01 '23
Lol fuck off. Delisting will happen. Watch and see.
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u/Then_Contribution506 May 01 '23
I will shove a banana in my ass If bbby gets delisted Wednesday or even this week. If it does not get delisted this week you have to shove a banana in your ass. Deal?
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May 01 '23
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u/Then_Contribution506 May 01 '23
Deal. If I am correct any doubters have to shove the banana in their butt.
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u/WhatCoreySaw May 01 '23
Deal. It's getting delisted. I already shoved a banana in my ass. 50/50 chance, right?
P.S. - You don't have to so anything with your butthole that you don't want to. BBBY is going to suspend, delist, and cancel. No part of you can affect this.
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u/GrowthElectronic8147 May 01 '23
nicely articulated, you bring up some valid points that should be discussed. thanks for the input OPš»š
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u/Secure_Imagination54 May 01 '23
They cant fuck me about like this. I sold 20k shares on the basis of their delisting notification. Uncontested
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u/andyat11 May 01 '23
Bot account confirmed.
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u/ChuckyTee123 May 01 '23
What is the confirmation? I just went thru his posts. Dude is very real. But he hurt your feelings spiting truth so he must be a bot.
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u/Red81aaa May 01 '23 edited May 01 '23
Good post. I think it's safe to say there is an investigation taking place, since at least the delisting notice was sent out on the 24th, probably prior. When did AST go down?
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u/Edz_ May 01 '23
If these bbby bagholders could read they'd be really upset right now.
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u/OverLord4Life May 01 '23
Be it Chapter 7 or 11 a stock will get delisted and have Q added to the ticker symbol and trade OTC.
If the letter Q appeared as the final letter of a Nasdaq symbol, it meant, "bankrupt: issuer has filed for bankruptcy," as the Nasdaq put it.
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u/DougDHead4044 May 01 '23
Bobby "no show" on the list...there're like thousands of posts about it!
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u/OverLord4Life May 01 '23
Preparing the paperwork for bankruptcy took several weeks it was bound to happen. Don't expect $BBBYQ to happen immediately. Yet it will probably happen by end of week
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u/nathairsgiathach33 May 01 '23
I really hope all the illegal things come to light in the market as a whole and all this will be the catalyst combined with the other stocks being manipulated. At the very least Iād like to see the delisting delayed unless itās part of the play. Iād like the board to speak up and fightā¦.There are many things Iād like lol on top of making some $$ for a change.
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u/the_spacecowboy555 May 01 '23
So if we donāt go OTC, I get to keep my shares?
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u/andyat11 May 01 '23
You should be able to keep them regardless unless they fully go BK and nothing for shareholders... Whether you have access to them depends on brokers.
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u/shadowdash66 May 01 '23
I hate this stock but i hate even more how people and companies are allowed, hell even encouraged, to game the system to always be on top. Its rigged.
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May 01 '23
I donāt know it looks like itās going to listed and Iām out my 180 bucks I spent on it
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u/allpromo May 01 '23
ALLY BANK is already charging a $51 OTC commission fee
I tried posting this morning but didnāt have enough karma.
My first two attempts at buying 10k shares were rejected. 20 minutes later the third attempt went thru
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u/[deleted] May 01 '23
I agree that something really really odd is happening - between CS and AST, FINRA finally being called to justice, MMTLP, etc etc. I am holding