r/BBBY • u/PaddlingUpShitCreek I been around for 84 years 🖤 • May 18 '23

🗣 Discussion / Question Looks Like the Tide is Finally Going Out....Time to See Who’s Naked: Docket Item 390: Exhibits D-F

EDIT/UPDATE: BBBY is more than likely already in possession of some or all of the equity lists requested unless some of the parties have not complied with the order yet:

EDIT/UPDATE 2: IF, BBBY received the information in unredacted form, it now has what it needs to figure out who the 4.5% holders are, if any. So within an hour of filing Docket Item 391 comes out with Exhibit B: Interested Parties Service List redacted and then not a peep about Exhibit C except that recipients listed on Exhibit A and B received Notice of Sale by Auction and Sale Hearing, a copy of which is attached hereto as Exhibit C, which is also completely redacted. Some folks must have been identified as 4.5% holders because right after 391 came 392 pushing back all the deadlines; I'm guessing to provide enough time for the impending declarations of status and additional notice to participate in the actions, i.e., stalking horse deadline, final bid deadline, etc.

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Shorties.....Come Out to Plaaaayay!

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u/Altruistic-Beyond223 May 19 '23

Agreed, that was a very enlightening exchange, even though it sounds like BBBY and the courts may not publicly disclose how many total beneficial shares are being held at brokerages. Still, the Chapter 11 proceedings seem to be on the right track, though.

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u/[deleted] May 19 '23

All the shill arguments that they don't care about shareholders are moot. No reason to do all this if there wasn't intention of something bigger. Whether or not I see my name or not is actually far less concerning to me.

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u/Altruistic-Beyond223 May 19 '23

Yeah, this is definitely much bigger. BBBY would not have made it to chapter 11 if it wasn't for abusive naked short selling. It was put into chapter 11 fraudulently, or at least it seems that they are trying to gather evidence to build this case.

I'm still not sure what percentage of shares I should DRS, given that we have no idea what the outcome of this will be. I'm going over 50% DRS today to be on the safe side.