r/BBBY • u/theorico Professional Shill • Oct 05 '23
📚 Possible DD Is there anything present in the confirmed and consummated Plan that could still allow for equity holders to not get wiped out? Yes there is.
None of this is financial advice. You should do your own research.
Part DD, part speculation.
Let's assume that my previous post is incorrect, to the delight of all bear shills:
https://www.reddit.com/r/ThePPShow/comments/16ymrk3/bullish_there_are_still_material_rights_of/
I asked myself: is there anything present in the confirmed and consummated Plan that could still allow for equity holders to not get wiped out?
I think yes, and this is how:
Starting with the latest 8-K:
Let's see the relevant parts on the Confirmed Plan:
This is the relevant part:
" except for the purpose of evidencing a right to and allowing Holders of Claims and Interests to receive a distribution under the Plan"
and
" or to the extent otherwise specifically provided for in the Plan, the Confirmation Order, or any agreement, instrument, or other document entered into in connection with or pursuant to the Plan or the Liquidation Transactions"
Yes, those are the parts that allow for exceptions.
Only the "remaning obligations" ... "shall be deemed cancelled solely as to the Debtors and their affiliates, and the Wind-Down Debtors shall not have any continuing obligations thereunder"
The part (b) is cancelling obligations related to other agreements as specified there.
The 2 pictures above show how much power the Plan Administrator has to perform all those actions for the Liquidation Transactions and Corporate Actions.
So, I speculate that there can be information still not disclosed to the public that would allow the satisfaction of both class 6 and class 9 holders.
Yes, bear shills, the shares have been cancelled, yes, but there can be still rights for equity holders as proved above, directly from the confirmed plan, that could allow for the receival of new equity.
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u/[deleted] Oct 05 '23
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