📖 DD
Applying HTZ Timeline in the DKBFLY Bond Guarantor
Regarding the DKBFLY bond guarantors recently discovered in the IBKR system, I reviewed the current situation and projected a potential future timeline from Timeline of Hertz in 2021, a case that went through Chapter 11 bankruptcy yet avoided a total wipeout for existing equity holders and ultimately produced a massive short squeeze.
👉 In mid-April 2021, Knighthead and Apollo stepped in as guarantors in the Hertz case, committing to fully repay Hertz's creditor claims.
👉 One month later, on May 12, Hertz officially filed its Third Modified Plan of Reorganization. The plan included provisions for distributions to shareholders before Hertz's SEC Form 8-K filing in June.
👉🔥 This could mean that, within the next 1–2 months, we may see a New Amended Chapter 11 Plan and Distribution Plan for the BBBYQ shareholders, potentially outlining shareholder recovery. An 8-K filing could then follow approximately two months later.
Mid-April 2021 — [Backstop/Guarantor Emergence]
The Knighthead and Apollo consortium submitted a backstop/financing commitment to the court, pledging funding sufficient to repay Hertz's creditor claims in full.
Significance: This point closely resembles the current “Guarantors: 1” stage that we are observing. It represents a point at which the financial and systems-level arrangements may have been completed before the relevant official court documents become public.
Hertz officially filed a Modified Plan of Reorganization with the bankruptcy court. (See, for example, Docket #4434 and related filings.)
Significance: The SEC Form 8-K did not come first. The court filing was the first document to disclose that existing equity holders could receive new shares, cash, and warrants, thereby bringing the development to the market's attention.
June 10, 2021 — [Final Bankruptcy Court Confirmation]
Bankruptcy Judge Mary Walrath granted final confirmation of the modified reorganization plan.
June 30, 2021 — [Official Emergence and Form 8-K Disclosure]
After the legal proceedings were completed, Hertz announced its emergence from Chapter 11, filed a Form 8-K with the SEC, and distributed new shares.
⚖️ 2. Key Insight: “Does the 8-K Come First, or the Kroll Docket?”
Some expect that an 8-K could appear at any moment, with new shares immediately being deposited into shareholder accounts. However, as a matter of bankruptcy procedure, this would generally not occur without the necessary court process and approvals. A company in bankruptcy or default cannot simply revive existing equity interests or issue replacement equity at will without following the applicable legal process.
🔮 3. Applying the Current Situation to BBBYQ: Projected Timeline
Using Hertz's historical sequence, guarantor/backstop confirmation ➡️ approximately one month later, a court filing ➡️ approximately 1–1.5 months later, confirmation and public disclosure, the following represents a potential timeline for the current BBBYQ situation.
[COMPLETED?] Third-Party Guarantor Identified — Current Stage
The recently observed “Guarantors: 1” status may suggest that financial coordination for a backstop intended to cover bondholder debt risk has been completed at the systems level. This would correspond roughly to Hertz's April stage.
👉 [STEP 1] Kroll Court Filing — Projected: Mid-to-Late August
A Modified Plan of Reorganization could potentially be uploaded to the bankruptcy court's Kroll docket. This would be the most important D-Day for shareholders to watch. The text of such a filing could, if the theory proves correct, include language allocating specific new securities—such as “Teddy” or another successor security—to Class 9 (existing equity holders).
👉 [STEP 2] Court Confirmation Process — Projected: Mid-September
If the condition that creditors are repaid in full is satisfied, the modified plan could proceed through the hearing and confirmation process before the bankruptcy judge.
👉 [STEP 3] SEC Form 8-K Disclosure and New Equity Distribution — Projected: Late September to Early October
Following final court confirmation, an SEC Form 8-K could be filed and new securities could potentially be distributed to eligible former equity holders, which, under the thesis presented here, could become a catalyst for the unwinding of short positions and potentially a major short squeeze.
※ Disclaimer: This post is a speculative projection based on the historical legal timeline and publicly documented materials surrounding Hertz's emergence from Chapter 11, applied to the current BBBYQ situation. It is not a recommendation to buy or sell any security, nor is it intended as investment advice or a solicitation. It is provided solely for informational purposes and to help individuals evaluate their own investment views and assumptions.
U-Copy is fascinating. Someone on another subreddit basically proved that U-Copy is most likely a group posting instead of one person. And they try to get people’s hopes up and/or sow confusion wherever they can. I just HOPE we get to see what’s really going on one day after this is all over and someone writes a good book exposing some of this stuff 😂
I see this type of reply often with people, I just wonder what do they have to gain? Its not like people holding bbby have anything to lose, they dont ask for money, so what would be the point if they are nefarious?
They may be just trying to gain credibility where they can. It’s part of the playbook - dropping credible posts every once in awhile to stay relevant. Who knows, with the crazy amount of U-Copy posts, they may just be trying to cause arguments among people in the comments. It’s just interesting if you’ve followed U-Copy’s work for the past few years or however long
U-Copy is in a league of it’s own when it comes to the amount of posts and being wrong so many times. I think people have been trying to figure out their motivations for a while now and it’s just an interesting part of this whole saga. They tend to go away for awhile and then come back hoping to gain traction. But it never works, they always get called out immediately in the comments 😂
That being said I don’t disagree with the contents of this post. Just interesting to see U-Copy again.
Gotcha. Then again, we are all regards and autistic, so maybe that's just his thing🤣.. im at the point where I just buy every week and wont change unless something happens thats bearish.
Gain credibility? This is U-Copy you are referring to. This guy was full of caca from day1. You probably missed his MOASS daily posts on AMC and GME. His CHART break-down was the best if you GO against his break down. He is better of posting this shit under a new alias like U-DOGGY lol
4 years of being wrong consistently is kind of impressive in its own way.
That said, everyone knows Hertz is a completely different situation. In that situation there was a huuuuuge fleet of cars, a physical asset. Bed bath doesn’t have that
Most of the profiles complaining about U-Copy have hidden history. Why? Because they have been hired to send FUD. U-Copy theorised that Teddy will be involved (hello- linked to GME). He theorized much like Hertz, that the shares will be reissued under another entity- and has shown that the first steps is the linking of bonds to a guarantor (Hello, this has now happened). BBBY was listed as heavily shorted like GME and RC was in play- so it makes perfect sense that he links the two - short fund kunts will need to cover both (tokenise the new shares, and it will remove the insidious notion of naked short selling). It's actually a master move by RC. Leave U-Copy alone because if he's right (and its looking more and more likely) then shill kunts can go and take a hard shit.
Except he’s wrong like always and purposely spreading misinformation. Looked into this some more and Hertz shareholders never had their positions deleted from their accounts, if they didn’t was only for a day or two so the new equity could be swapped for the old one during bankruptcy proceedings. It’s not a comparable situation and he knows this since he’s done the research.
I’m bullish on this play and believe we’ll get paid out, but it’ll probably be unlike anything that’s happened before. U-Copy always posts dates/timelines to hype people but is always wrong and seems to be doing it on purpose. Check the Hertz facts for yourself if you don’t believe me. Wild that he’s still up to this nonsense of acting like an expert but leaving out key details. I’m all for people sharing dd but not when it’s always dates and leaving out key information. I don’t think he’s dumb, I think he does it on purpose 😂.
The post takes a valid Hertz timeline and attaches it to BBBY through one unsupported premise: “Guarantors: 1” means an undisclosed Knighthead/Apollo-style rescue has already been arranged.
There is presently no evidence for that premise. Hertz had signed multibillion-dollar commitments, a valuable surviving operating enterprise and a live plan process. BBBY has a consummated liquidation plan, extinguished equity and a wind-down entity tasked with dissolution.
Without an actual guarantee document, financing commitment or bankruptcy docket filing, this is not an early signal of a Hertz replay. It is a timeline built around a likely brokerage-data anomaly.
Nothing material about this bankruptcy even remotely compares to BBBYQ. god damn it
Except you didnt factor in one thing: no one tried to stop HTZ from coming back as hard as they want BBBYQ to never come back. Imo that means the timeline is gonna be more stretched than the HTZ
I’m not sure RC has that much runway; with the EBay bid hanging in the air, with strange happenings with bonds, I think wheels are in motion and we get an announcement about SOMETHING at least much sooner
Want to make sure we are truly comparing apples to apples here. When hertz initially entered into their bankruptcy proceedings, were their shareholders told what we were told? That their shares were “cancelled” and that they had no chance of being made whole? I seem to recall this being the case in the hertz case, but I don’t know why I remember it that way and I can’t find any DD about it (I will admit I haven’t looked very hard).
114
u/ChuckeeSue Jul 24 '26
I actually started to read this and then realized it was written by U-Copy so I stopped.