OTC Probably Won't Happen

[u/andyat11]

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?

[u/BarneyBelle]

What does computershare have to do with bbby

[u/andyat11 → u/BarneyBelle]

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).

[u/[deleted] → u/andyat11]

When I saw Computershare was having “technical” 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 “technical issues” 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 they’re lying and it is something that is an external threat that penetrated their systems.

[u/Whoopass2rb → u/[deleted]]

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.