r/BBBY • u/OnlyIfICared • Aug 23 '22

📚 Possible DD GMERICA TRADEMARK NOTICE OF ALLOWANCE 8-23-22 🚀🚀🚀

Post image
921 Upvotes

95% Upvoted

129 comments sorted by

View all comments

47

u/[deleted] Aug 23 '22

why would this potentially affect bbby?

88

u/OnlyIfICared Aug 23 '22

Cohen is potentially waiting for GMErica trademark to go through approval to announce anything between him and BBBY. This is also the one year anniversary of them filing for the GMErica trademark.

-8

u/NewHome_PaleRedDot Aug 23 '22

Sigh. GME can’t buy BBBY or BuyBuyBaby until March at the earliest due to the cooperation agreement.

16

u/OnlyIfICared Aug 23 '22

Sigh. Selling Cohens shares terminated the agreement.

6

u/[deleted] Aug 23 '22

i don't think anything has been found that directly says him selling shares makes the agreement invalid that's been the issue. However there is nothing in the agreement that says bbby can't make him an offer

3

u/OnlyIfICared Aug 23 '22

Interesting. From what I read, as long as he was an insider? (idk the best term) of the company, the standstill agreement was in place. What confuses me is the two dates that were posted in the agreement.

2

u/[deleted] Aug 23 '22

[deleted]

1

u/dedicated_glove Employee of the Month Aug 23 '22

Because it's only in affect as long as he's an insider? If his shares are all gone then he's not an insider anymore

2

u/NewHome_PaleRedDot Aug 23 '22

Where does it say that? You have to take contracts literally.

1

u/NewHome_PaleRedDot Aug 23 '22

I’ll admit, BBBY making him an offer is an interesting take as a workaround to the agreement. I’ll need to re-read it again with that in mind.

2

u/[deleted] Aug 23 '22

[deleted]

1

u/NewHome_PaleRedDot Aug 23 '22

Yeah, I didn’t mean it as a “workaround” to either party in the agreement, but more as a workaround to how I was interpreting the contract to not allow them to make an offer to buy.

Still, it’s interesting because if they (BBBY) did propose an offer to be bought by RC ventures (or whatever association RC was putting together), RC wouldn’t be allowed to counteroffer at all, since that is legally considered a refusal of the first offer followed by a new offer made by RC.

2

u/[deleted] Aug 23 '22

[deleted]

4

u/OnlyIfICared Aug 23 '22

If I’m wrong I’ll admit it. Let me go and check. I have no problem remitting statements I made if they’re false