AvailableWerewolf600
@driver61d1
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America First. Investigative Journalist. GME + BBBY = New WAGMI Order
Joined July 2020
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RYAN COHEN ONCE AGAIN LISTED AS A CREDITOR OF BBBY AS OF 9/19/24.
@EvaderDirt
@mochabear69420
@ftwpurpl
@ThePPseedsShow
@MindandEmotion7
@yonderbeing
@UCopy417
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IT'S REAL AT THE 17:45 MARK ON TOY STORY
WTF!!!
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There are two types of people involved in BBBY.
Those that know BBBY is the second idiosyncratic risk that flew under the radar. (GME is the first.)
And those that are paid to bash everything BBBY.
If it was 82.41% shorted in Jan 2021, it's well over 100% now, similar to GME.
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Amended Complaint states that the board members did not halt the stock buyback in fear of an activist investor taking the company private! WOW!
No wonder they rejected RC's $400 million buyout offer despite it's $5.2 billion in liabilities back in December 2022.
@BobbyCat42
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MJL's motion officially denied with prejudice. Another bankruptcy delayer bites the dust.
You can see a breakdown of his tricks in my post here:
Bad Actors Are Trying to Delay The Bankruptcy
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Per it's Credit Agreement, the Lead Admin Loan Party (GameStop) had to report any Acquisitions valued over $75 million to it's Admin Agent (Wells Fargo).
GME is going dark with the termination Credit Agreement.
How much did Cohen offer BBBY again?
@BobbyCat42
@ThePPseedsShow
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The BBBY board members who ran the company off of a cliff were more concerned about retaining their seats than they were the health of the company.
What happens when a board forsakes their fiduciary duty to shareholders in favor of self interest? They wanted to waste $$ reserve.
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New Verified Amended Complaint filed in the case suing the former BBBY Board Members.
First Complaint had 170 Pages.
Amended Complaint has 183 pages.
13 extra pages.
Help find what's new.
Source:
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Brand new information:
JPM + Cleary Gottlieb advised the BBBY board that their seats are vulnerable to activist investors.
CTRL + F "Cleary" and "ICR" brings up new information of the board seeking advice on how to defend against activist investors.
@BobbyCat42
@ThePPseedsShow
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New post!
#BBBY
In his new Motion to Dismiss the Amended Complaint,
Mark Tritton doubles down in denying that his actions led BBBY into bankruptcy.
He denies that the activist threat was the motivation behind the stock buybacks.
Full Breakdown:
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Don't mind the fact that the founder and CEO of Flexport, the fastest and largest omni-channel logistics company, had BUTTERFLIES in his twitter bio a few days ago.
#GME
#BBBY
#TEDDY
Looking for a strong Head of Omni-Channel Engineering to lead our dev teams in Dallas, and a hardcore Salesforce Commerce Cloud Engineer. Email tateam
@gamestop
.com
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Wow!
From Harriet Edelman's deposition in 2017 we can confirm straight from her mouth that she is the first cousin of Old Money Billionaire Howard Milstein!
Did she bankrupt BBBY on her cousin's command?
The plot thickens...
Did you know Harriet Edelman is Howard Milstein's first cousin..?
From 2018 Case: Namco Bandai v Howard Milstein
Maybe Harriet is the 🍏 that didn't fall far from the tree? 🤔
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Will BBBY go from insolvent to solvent in a Kansas City Shuffle? 👀
Yes, it will.🦋
When BBBY is a solvent debtor, fun things begin to happen such as the Solvent Debtor Exception which would reinstate bond obligations like the make whole call provision.
GM & New Post!
I call this my ultimate prediction of how this BBBY bankruptcy plays out.
There's been great reception but also some angst or confusion. Just know it's a prediction and check the comments that I've answered.
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Charges against the former board updated to reflect their desire to fend off activist investors at all cost using the $300 million accelerated stock buyback.
Through their actions, the board said screw our fiduciary duty to investors.
THEY CHOSE THEMSELVES OVER SHAREHOLDERS!
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New Post!
Billionaire Howard Milstein's Spider Web - Is Harriet Edelman His Spy? - Origins of BBBY Sabotage?
Did I just find the person who put Harriet Edelman and the board to the task of bankrupting BBBY?
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Top picture is a true copy of the original Restated Charter containing the exculpation clause signed, dated, and filed with the NY Dept. Of State in 1992.
Bottom picture is the alleged paper copy submitted to the SEC.
Can you spot the difference?
#BBBY
#BOARDNOTPROTECTED
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They called me crazy because they couldn't see the vision for BBBY's future.
To be Unimpaired (meaning principal + interest) my position needs $2,691,847.22.
Early, but never wrong.
#BBBY
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GM & New Post!
I call this my ultimate prediction of how this BBBY bankruptcy plays out.
There's been great reception but also some angst or confusion. Just know it's a prediction and check the comments that I've answered.
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BBBY Chairman Harriet Edelman is the first cousin of Billionaire Howard Milstein!
It made zero sense why Milstein made her special advisor as a starting position until now.
Who else can you trust but family!
#RICO
@EvaderDirt
IS AN AMAZING DETECTIVE!
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Hey, remember when The Hershey Trust fired majority of it's board of directors due to atrocious performance of the company by them?
Harriet Edelman happened to be one of the director fired and years later she becomes Chairman of the Board of Directors for BBBY who went bankrupt?
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Hypothetically, if Ryan Cohen owned BBBY bonds, nobody would know. Not the former board, not the trustee, nor other investors unless he explicitly identifies himself as a holder.
You can read more here:
How Ryan Cohen is able to own BBBY bonds Anonymously
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Pitchbook, a $25k/yr service used by professionals worldwide, has never once corrected the information stating that buybuyBaby was acquired.
This would imply that it's not a mistake or "glitch."
Picture source is from 1 year ago:
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In his Motion to Dismiss the Amended Complaint, the late BBBY CFO Gustavo Arnal's Estate argues that he did not owe BBBY a fiduciary duty in regards to the accelerated stock buyback.
Do you agree that the CFO of a publicly traded company has no fiduciary duty towards it?
#BBBY
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GM!
I expect September to be a docket heavy month as the Plan Administrator finalizes adjustments to Claims as this all must be done by the Claims Objection Bar Date of September 30, 2024.
We have already seen the first set of adjustments in Docket 3493 filed 8/28/24.
#BBBY
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I believe BBBY will emerge from bankruptcy in 2025 because the Shared Proceeds Pool is still $0.00 and nearly $5 billion is needed.
This pool will get filled from the DK-Butterfly V Edelman et al lawsuit.
Explanation here:
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GAMESTOP IS THRIVING UNDER RYAN COHEN'S LEADERSHIP!
Second Quarter: +$14.8 million net income VS a net loss of $2.8 million for last year's second quarter.
$4.204 billion in cash, cash equivalents, and marketable securities.
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RC VENTURES ALSO!
RYAN COHEN ONCE AGAIN LISTED AS A CREDITOR OF BBBY AS OF 9/19/24.
@EvaderDirt
@mochabear69420
@ftwpurpl
@ThePPseedsShow
@MindandEmotion7
@yonderbeing
@UCopy417
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Ryan Cohen's plan for BBBY was everything they feared!
@driver61d1
@BobbyCat42
RC knew their every move…wow that’s probably why in one of his original emails to the board he said they should continue additional buybacks 🤯
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Riddle me this, who's Motion to Dismiss is getting denied because they violated the Business Judgement Rule & destroyed BBBY?
They also aren't protected by the exculpation clause and face harsh judgement via justice and the law.
@BobbyCat42
@ThePPseedsShow
@peruvian_bull
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Friendly reminder that the former BBBY board members being sued are quite literally stupid. Imagine maliciously running the company into the ground only to find out that you aren't protected by the exculpation clause.
#CHECKMATE
#BBBY
Read in full here:
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Is SIRI another psyop?
The fact that r/Superstonk mods, who have a history of stifling discussion, let it be talked about for 2-3 months without pushback makes me think it's another shill trick.
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Here is the impact of removing Brandon Meadow's Claim 12957.
This is extremely bullish as it lowers the value needed to make Class 6 whole thus paving the way for 7, 8, and ultimately Class 9 where shareholders reside, to be made whole.
New post:
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Ryan Cohen's last insider GME purchase was 14 months ago. Alan Attal's last insider GME purchase was nearly 1 year ago. Larry Cheng in the only insider to make a purchase.
What are RC and Attal cooking that is preventing them from buying more GME?
#GAMESHIRE
#BATHAWAY
#BBBY
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In the 2017 case VS Billionaire Howard Milstein and his cousin, Harriet Edelman, the Plaintiff correctly identified that Edelman takes orders from Milstein despite her being on the board and him not.
We have precedent that she's his puppet.
Did she bankrupt BBBY on his behalf?
Wow!
From Harriet Edelman's deposition in 2017 we can confirm straight from her mouth that she is the first cousin of Old Money Billionaire Howard Milstein!
Did she bankrupt BBBY on her cousin's command?
The plot thickens...
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Is this what
@ryancohen
was alluding to when he filed his BBBY position in March 2022?
NY Blood Center earned an estimated $500 million in royalties for research on chimps & left them to die with no food & water in Liberia.
BBBY Chairman Harriet Edelman is a NYBC board member.
The Hershey Company saw it's stock price drop 47% before Harriet Edelman and the rest of the board were fired.
Were they trying to bankrupt Hershey's?
How did the company lose 66% of it's profit Year Over Year?
Do you see the parallels to BBBY?
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More proof that the $300 Million Buyback was motivated to fend off activist investors.
Why were the people running BBBY into the ground obsessed with retaining their board seats?
Ego? Malice? Stupidity? Bad Actors?
All of the above.
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If Jason Coggin's Claim
#2192
is expunged, it would wipe out an additional $300 million from Class 6 General Unsecured Creditors.
While the new projected amount should be $1.041 to $1.1 billion, I believe I was using outdated data.
The final amount will be ~$1.35 billion IMO.
Here is the impact of removing Brandon Meadow's Claim 12957.
This is extremely bullish as it lowers the value needed to make Class 6 whole thus paving the way for 7, 8, and ultimately Class 9 where shareholders reside, to be made whole.
New post:
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Tinfoil Tuesday!
Were Ryan Cohen's tweets referencing September 29, 2024 which just happens to be the 1 year anniversary of BBBY's Plan Effective Date. Hinting at possible emergence?
(It's tinfoil for a reason, don't take it as a hard date.
I believe we'll go into Q1/Q2 2025.)
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Never forget that Gustavo Arnal committed suicide after expressing concerns about JP Morgan's involvement regarding Ryan Cohen's sale of his entire BBBY position.
He was dead in 16 days after this email.
#BBBY
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Here is a compiled & coherent post of all the new information in the BBBY Amended Complaint, a great read for anyone that hasn't seen it. Cheers!
Credits to
@BobbyCat42
for his contributions and it features some commentary by
@ftwpurpl
&
@mochabear69420
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New Dates:
With the Amended Complaint filed, BBBY board has until 10/18/24 to give a response or motion.
DK-Butterfly Estate has until 12/13/24 to oppose any Motions to Dismiss.
BBBY Board has until 1/17/25 to reply with supporting evidence for their Motion to Dismiss.
Here is a compiled & coherent post of all the new information in the BBBY Amended Complaint, a great read for anyone that hasn't seen it. Cheers!
Credits to
@BobbyCat42
for his contributions and it features some commentary by
@ftwpurpl
&
@mochabear69420
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The Hershey Company saw it's stock price drop 47% before Harriet Edelman and the rest of the board were fired.
Were they trying to bankrupt Hershey's?
How did the company lose 66% of it's profit Year Over Year?
Do you see the parallels to BBBY?
Hey, remember when The Hershey Trust fired majority of it's board of directors due to atrocious performance of the company by them?
Harriet Edelman happened to be one of the director fired and years later she becomes Chairman of the Board of Directors for BBBY who went bankrupt?
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This ban means the mods of r/Superstonk watch
@ThePPseedsShow
Why are the mods who banned all BBBY discussion on r/Superstonk keeping an eye on who is affiliated with the
@ThePPseedsShow
, which is on Twitter and Youtube, not Reddit.
They can't stop eyeing BBBY. 🧐🧐🧐🧐🧐
I guess my burner accounts will have to suffice...? 🤷♂️
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Only 4 names matter:
Ryan Cohen
Keith Gill aka DFV/Roaring Kitty
GameStop
#GME
Bed, Bath, & Beyond
#BBBY
Everything else is noise.
#StayFocused
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You're awesome at investigating!
To recap:
Harriet Edelman, the Chairman of BBBY's board, is also the Vice Chairman of Emigrant Bank (EB).
(EB) owns Emigrant Partners who owns 20% of Koda Capital.
Jason Coggins, who filed a $500 million claim in BBBY, works/worked at Koda!!!
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Search 075896209 in bond center on Etrade.
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Many people are upset at my theory of the BBBY bankruptcy going into 2025 and the accusations of me being someone else are back. I'm not btw.
It's an educated guess backed by evidence.
Feel free to disagree.
Here's my bond positions.
I have skin in the game, do you?
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With Brandon Meadow's Claims officially expunged (gone), here is the impact just Claim 18124 has.
Read more here:
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Do you see what I see?
>Mattel
>L Catterton
>Leveraged Buyout
It should ring a bell if you've read
@edwinbarnesc
DD.
L Catterton is the private equity firm for mega Billionaire & luxury brand owner Bernard Arnault.
#BBBY
#TEDDY
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Scam Bankman Fraud (SBF)'s GF Caroline Ellison sentenced to 2 years in prison today, an insultingly low term.
Let's reflect on how she wanted to celebrate GME suicides and take note that this is what a shill looks like. Very inbred.
Proof anon is her:
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New Post!
Full Breakdown of Docket 3495 - A Treasure Trove Of New Information + Plan Admin Seeks A Second Extension to March 31, 2025
#BBBY
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Did GameStop have BBBY shares? 🧐🧐🧐🧐
It was accounting wizardry, but I believe they have utilized $160-176 million in something that between April 2023 and July 2023 that was later viewed “loss, but not sold ” and used the T-Bills as cover.
Picture of policy below as of Dec 6
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Sections K & L paint more of a damning picture against the board as they prioritized retaining their board seats from activist investors at the expense of BBBY's balance sheet with the help of overpaid consultants.
@BobbyCat42
@ThePPseedsShow
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From the 2017 case:
It didn't matter if Harriet Edelman was the board member, CEO, or COO.
The de facto leader was Old Money Billionaire Howard Milstein. She was his puppet.
Was she, as BBBY's chairman, taking orders from her cousin, Howard Milstein, to bankrupt BBBY?
In the 2017 case VS Billionaire Howard Milstein and his cousin, Harriet Edelman, the Plaintiff correctly identified that Edelman takes orders from Milstein despite her being on the board and him not.
We have precedent that she's his puppet.
Did she bankrupt BBBY on his behalf?
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While I am still writing my DD, this South Korean chad shown in
@UCopy417
's post became relevant.
Against all odds, he held stock into Hertz's bankruptcy and after being made whole, had gains of $181,034.97 between new stock & warrants when the stock price was $26.30 a share.
$BBBY
#BBBY
🛁As
@MindandEmotion7
shared what old $HTZ shareholder received from exiting Chapter 11 in 2021 (Pinned post below), I learned that early this year from someone from South Korea who was a old shareholder of $HTZ shared his post and this is what he received and in the
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New Motion to Dismiss the Verified Amended Complaint by the Director Defendants' in the BBBY board lawsuit!
I will be reading the dockets and posting my findings.
In the meantime, breakdown of the Amended Complaint here:
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Wow, my math was spot on!
Thanks to the South Korean Hertz holder and U-Copy for the additional data.
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What do you to fill in wrinkles?
Inject liquid(ity).
See my
#3
prediction.
Ryan Cohen + affiliates will inject billions of liquidity into DK-Butterfly-1.
Original Tweet:
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Dec 2022, RC was willing to pay a 66% premium on BBBY's trading price of $3/share to acquire consistent declining revenues, consistent increased net losses, $135 million in cash, and $5.2 billion in liabilities, to get BUY BUY BABY.
@EvaderDirt
@ftwpurpl
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@DominosJack
It goes deeper. If I'm correct about my next post (which we'll know depending how the board lawsuit plays out), it'll be an essential part BBBY's story and your movie.
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With Docket 3495, we have UPDATED DATA for Class 6 General Unsecured Claims and any old math is now outdated.
As of August 29, 2024, there is over $3 billion in Class 6 General Unsecured Claims.
And as a reminder, this number will go down when the Plan Admin objects to Claims.
Here is the impact of removing Brandon Meadow's Claim 12957.
This is extremely bullish as it lowers the value needed to make Class 6 whole thus paving the way for 7, 8, and ultimately Class 9 where shareholders reside, to be made whole.
New post:
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New Docket
#3493
shows 184 Claims that have been adjusted and the old versions will be removed 9/11/24.
I believe we will see more dockets pertaining to adjustments in the near future as September 30, 2024 is the Claims Objection Bar Date in which all Claims must be sorted.
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@nobles305
BBBY Bonds on ETrade disappear after hours and weekends.
Market hours they return. Check back double during market hours and see if they're back.
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Hertz bondholders were upset b/c stockholders were paid and sued for their owed their contractual interest.
Bondholders won & got their $270 million in interest on top of the $2.7 billion in principal.
Do you understand what that means for BBBY bonds?
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@the_travis_b13
Wow, they're even policing people for content discussed OFF of Reddit.
These mods need to suppress BBBY talk at all costs.
🧐🧐🧐
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This is how you find it.
Can we get more eyes on this? It looks like $BBBY bonds are being converted into shares w/ CUSIP 075896100 at $6.15 a share on E-trade. Nothing like this showing up for me on IBKR.
1626.01*6.15=9,999.96. Math checks out this is likely for 10 bonds with a total face value of 10k
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Ryan Cohen's last insider GME purchase was 15 months ago. Alan Attal's last insider GME purchase is now 1 year ago. Larry Cheng in the only insider to make a purchase.
What are RC and Attal cooking that is preventing them from buying more GME?
#GAMESHIRE
#BATHAWAY
#GME
#BBBY
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GameStop is ~40 years old.
Bed, Bath, and Beyond is ~53 years old.
They're pretty mature if you ask me. 🧐🧐🧐
Analogy I heard this morning that made me laugh:
Getting married in your mid-20's is like two start-up co-founders coming together.
Getting married in your mid-30's is like an M&A transaction between two mature companies.
Kind of makes sense...
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@ThePPseedsShow
Appreciate the invite, but I have nothing further to say beyond my posts and would like to remain anonymous.
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Compromised and corrupt r/Superstonk mods still banning discussion of BBBY.
BBBY is not okay, but Siri is allowed.
Which masters do they serve?
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Here is a reddit user that posted his Sears bonds gains.
From $4k -> $190k.
While AHART01 did not get a debt for equity swap because of Eddie Lampert, I am bullish on Ryan Cohen still wanting BBBY/buybuyBaby and the Chapter 11 being favorable to bondholders and shareholders.
A share of Hertz before bankruptcy was less than a dollar and not only did they get $1.53 in cash, they got new shares and warrants(call options that don't expire) which were worth $11 once it started trading again.
Hertz did not miraculously save shareholders because cars were
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Correcting paid stock bashers and shills seems to be a double edged sword. By engaging with them you are inadvertently drawing eyes to their lies and expanding their reach.
What's the best course of action? Ignore? Block?
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MJL is a bankruptcy delayer shill trying to control the narrative.
Ryan Cohen supported "opportunistically repurchasing shares" as shown in your post, which is vastly different from BBBY doing it in a single day and blowing all the cash.
Ryan was supportive of it taking time.
@driver61d1
@BobbyCat42
@ThePPseedsShow
@peruvian_bull
@ryancohen
@pulte
Buybacks didn’t bankrupt the company. Overpaid consultants did.
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Here is the UPDATED math based on Jason Coggins Claim getting objected to and expunged.
I believe he is a bad actor from Koda Capital located in Australia and his goal is to delay the bankruptcy.
I am working on a writeup on Australia.
Full post here:
If Jason Coggin's Claim
#2192
is expunged, it would wipe out an additional $300 million from Class 6 General Unsecured Creditors.
While the new projected amount should be $1.041 to $1.1 billion, I believe I was using outdated data.
The final amount will be ~$1.35 billion IMO.
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Part 2 out now!
Will the DK - Butterfly VS Edelman et al case evolve into a civil RICO case, if it isn't already?
The bankrupting of BBBY was an organized criminal conspiracy and fit's the definition of RICO.
The Racketeer Influenced and Corrupt Organizations Act
New Post!
Billionaire Howard Milstein's Spider Web - Is Harriet Edelman His Spy? - Origins of BBBY Sabotage?
Did I just find the person who put Harriet Edelman and the board to the task of bankrupting BBBY?
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My research has led me to Sydney, Australia.
There's a chance my next DD gets banned even though it uses publicly available information.
It depends on how Reddit reacts.
Shout out to the paid BBBY stock basher who confirmed the connection to Australia to me via his actions.
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Plan of Reorganization is Contingent Upon This Event Passing - Spicy DD with Proof
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@SpuriousSpelunk
@pulte
Just like MJL, Neelay Das, that single mother from Texas. Interesting. All three are mentioned in the current DD I'm writing.
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Paragraph 57 on the right is completely new in the Amended Complaint.
I will be making a compilation of these new changes in a Reddit post for easier viewing and credits to
@BobbyCat42
for his findings as well.
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@mochabear69420
Pincer takeover. Makes sense. Icahn did the same thing with Marvel but there was major issues with him owning the bonds + and being behind the DIP.
Having two different people (or entities) but on the same side owning bonds and DIP for BBBY is the most likely outcome.
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@sboho
@EvaderDirt
Docket 3451 Page 15 filed 9/24/24 states there's still $348.8 million in principal outstanding for both the Allowed DIP and FILO Claims.
The source is the Plan Administrator himself.
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GameStop is getting their ducks in a row for an M/A, what could possibly be their target?
#GME
#BBBY
Now that the Credit Agreement is gone, that removes the certain restrictions on Investments & Acquisitions they were bound to from that agreement 😳
$GME LFG 🔥
Link to 2021 Agreement ⬇️
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@EvaderDirt
@nobles305
@ThePPseedsShow
I'm cooking up a storm on this. Expect massive information soon.
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@trimm_judy
It's in a separate court and on a separate timeline from the bankruptcy case.
Is the Chapter 11 plan of reorganization dependent on this fraud case? I don't have a definitive yes or no but I would assume no.
The fraud case is a wildcard windfall IMO and will be fruitful.
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If you include that the Edelman lawsuit is seeking $2.5 billion across 12 causes of actions, the total sought to recover + already recovered = ~$4.37 billion.
In my post, $4.8 billion will be needed but remove Jason Coggins and it goes to $4.3 billion.
Publicly shared through the court hearings and PlanMan dockets I've identified $2.2B+ in known potential recovery for $BBBY. There is more.
So far, $1.0008B collected and $1.209B to go.
If anyone tells you this party is over, let them know, the party hasn't even started yet. 🎉
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@147Aurora
Michael, now that you've been sanctioned, do you plan to further meddle in BBBY's bankruptcy and delay even more?
Or can we expect you to quietly walk away?
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Lines up well my theory of October being the earliest the plan of reorganization drops. 🧐
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In Tritton's new motion to dismiss, he emphasizes that the Plaintiff that not state that he and the BBBY board knew about JCP.
JCP is a high level threat activist investor.
Tritton does not want the fear of activist investors to be seen as the motivation for the stock buybacks.
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You may be wondering why the 2024 BBBY bonds are still trading. The answer is because the bond obligations no longer matter when the company defaulted on them. All of the bonds are now debt claims.
BBBY Bonds Will Trade Past Their Maturity Date:
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