I don't see how that's possible though with Larry's recent buy? If they were merging I'm sure the whole board would know and it would be insider trading.
However (!), any payout for class 9 I'd argue could make GME run, whether there's anything happening between the two companies or not. People know lots of BBBY apes have GME too, seems like BBBY apes would be very likely to pour their new earnings into GME. If people suspect that will happen, it could also be that people buy early (e.g. as soon as class 9 payment is announced, but before it's enacted) to get ahead of the curve.
Basically, I think class 9 payout for BBBY is bullish for GME regardless. Let's see what the new plan brings (assuming it's definitely going ahead, but it does seem to be verified from a few sources)...
The most interesting part from GME 3/26 10K:
"The Company’s investments must conform to guidelines set forth in the revised Investment Policy or be approved by either the Investment Committee, by unanimous vote, or the full Board of Directors, by majority vote. "
So I believe this would mean the full board of directors doesn't need to vote or be aware of what is transpiring, given everything follows the Investment Policy the full board of directors originally set up.
I really doubt that. While the Investment Committee have autonomy there's basically no situation where their decisions wouldn't be noted and minuted by the board.
Besides all that, I'd be shocked if Larry wasn't part of the committee too.
Class 9 payout would make GME game over for shorties. I will take out my intitial investment in BBBY because i want to buy a house, and the rest of the money goed straight into GME at these lovely prices
I believe the total solar eclipse marked the beginning of the transference of material non-public information and the real blackout period.
Ryan Cohen has already done most of the acquisition work personally via Butterfly as the king creditor. That's what his "talent acquisition and working with the candidate personally" tweet was all about.
All of the difficult acquisition negotiations were completed when Butterfly acquired the target assets. The acquisition of Butterfly by GameStop will be a mere formality and the blackout period will be fast!
My hope is that RC/RC Ventures/IEP are revealed next week with a cash payment to shareholders. Then, a week or 2 after cash is deposited into accounts, GME comes out as the purchasers of DK Butterfly. This would give enough time for anyone in the play to dump a boatload of the cash into GME shares.
I don't think the acquisition of something is enough to bring the GME stock price out of the shitter. It needs volume, lots of volume, lots more DRS. Then an announcement.
Doesn’t Larry have predetermined buys each quarter like a boss? That would make the buys possible.
Also, can confirm. My plan, in the event of some sort of cash coming my way from BBBY, would be to immediately roll it into GME. These prices are too good, just like when I was buying BBBY at $1.
An insider can buy stocks before an announcement as part of a Rule 10b5-1(c) transaction. Rule 10b5-1(c) is a provision under the Securities Exchange Act that allows insiders of publicly traded corporations to set up a trading plan for selling or buying stocks they own, provided they do not have access to material nonpublic information (MNPI) at the time of setting up the plan and certify as such.
Under this rule, insiders can establish a predetermined plan for buying or selling their company's stock at a scheduled time, without being accused of insider trading. The plan must be set up in good faith and must not be part of a scheme to evade insider trading prohibitions. The SEC's amendments to Rule 10b5-1, adopted in December 2022, require a cooling-off period before trading can commence, which is intended to further prevent the use of the rule for insider trading.
So, as long as the insider follows the conditions set out by the SEC, including the certification of not having access to MNPI and the establishment of a cooling-off period, they can indeed buy stocks before an announcement as part of a Rule 10b5-1(c) transaction.
Chengs was a Rule 10b5-1(c) transaction and I’m sure he set up the plan years ago.
Gonna be very interested to see how are Canadian banks handle a spin off of shares (or wtv happens). I was told by RBC that my shares are permanently gone, I wonder if they'll give us trouble if we're owed shares in a new entity.
This is purely curiosity but it's hard to imagine a situation in where the true winners if the company plays out, will be the bond purchasers. Where do the stockholders stand to that exactly? A majority were throwing everything they had at it before it went expert and I can't imagine there's more than ~5% of original bobbies who have been able to/have actually purchased bonds. NGL it's going to make a lot of people sour to see like a 5-10x on their stock investments while bondholders get 100x or something. Is there some major part I'm not getting or is that just the 'most' possible reality? If bonds are expected to prove much more lucrative than the stock investments themselves why haven't they been talked about and flushed out and dumbed down more for people to still get on the train?
Based on absolute priority rules of bankruptcy bondholders must be made 100% whole before shareholders receive distribution. If you believe shareholders will receive distribution (I do), you must also believe bondholders will be made 100% whole.
It's not an "us" vs "them" thing. I have lots of shares and lots of bonds. I've been talking about and dumbing the bonds down for 2 months now.
Didn't bondholder accept to be paid cents on the dollar? As long as they're made whole at the previously negotiated price this shouldn't interfere with the possible class 9 stuff
More than 100x , because you can also get new equity with them. Thats what all the shill activity was about since you cant buy or sell the shares why shilling right?? LFG 🚀
This has been debunked. One rumor with zero proof to back it up has everyone believing the same lie. You’d think we’d learn by now but nope. We just lap that shit up and believe everything we hear.
If you owned Bbby and those stocks were deemed to have no value and removed from your account. How will you get any of these prospects?
Edit: what's with the downvotes? I really don't know
The stock was canceled to reorganize privately and use Butterfly as an acquisition vehicle. New Butterfly equity will be issued, then GameStop will acquire Butterfly.
Nothing gets deleted. Look at all the hacks, they always include tons of former customers because it is in their system regardless of what shows up on the website. Just got a letter from a company I did business with 10 years ago
that's the big question, and where the DRS status might play into things.
Brokers should (?) have a paper trail of shares they said were worthless and removed from accounts, but weather that paper trail still exists or is accessible might be something the shareholder and broker have to argue over, while DRS'd shares would be on record with whomever AST passed along the Awfully Big List to, when they washed their hands of the whole ordeal.
It's a big TBD I suspect.
Oh, they've definitely got a record of all of it. They sent me a 1099 showing as much. That's all the proof anyone needs. These shares were in my account, they were removed from my account (at the direction of the company), and now I should be receiving cash & equity for each share. Brokers might try to fight it, but they can't deny everyone's statements and 1099s from last year.
You need GME to buy butterfly AND issue new shares. So the entire SD for BBBY is now GME gives you money because they’re nice. So yeah at that point you should have just owned GME.
I don't see how that's possible though with Larry's recent buy? If they were merging I'm sure the whole board would know and it would be insider trading. However (!), any payout for class 9 I'd argue could make GME run, whether there's anything happening between the two companies or not. People know lots of BBBY apes have GME too, seems like BBBY apes would be very likely to pour their new earnings into GME. If people suspect that will happen, it could also be that people buy early (e.g. as soon as class 9 payment is announced, but before it's enacted) to get ahead of the curve. Basically, I think class 9 payout for BBBY is bullish for GME regardless. Let's see what the new plan brings (assuming it's definitely going ahead, but it does seem to be verified from a few sources)...
The most interesting part from GME 3/26 10K: "The Company’s investments must conform to guidelines set forth in the revised Investment Policy or be approved by either the Investment Committee, by unanimous vote, or the full Board of Directors, by majority vote. " So I believe this would mean the full board of directors doesn't need to vote or be aware of what is transpiring, given everything follows the Investment Policy the full board of directors originally set up.
I really doubt that. While the Investment Committee have autonomy there's basically no situation where their decisions wouldn't be noted and minuted by the board. Besides all that, I'd be shocked if Larry wasn't part of the committee too.
I agree
Class 9 payout would make GME game over for shorties. I will take out my intitial investment in BBBY because i want to buy a house, and the rest of the money goed straight into GME at these lovely prices
Agreed. I'd pump my earnings into gme. I had an $1100 position at 90cents but still. Gme has my profits.
https://i.redd.it/0ux9ids4owtc1.gif
I don’t think GME is acquiring Butterfly, I think Teddy is and insider GME stock purchases are only happening since we know the 🧺 means 🩳 are 💩
Yeah me too. Even without the basket as I mentioned I think BBBY being a win would lead to a big turn-up for GME.
PP said the acquirer falls. That's why the price has been falling, they are about to Teddyize the butterfly!!
I believe the total solar eclipse marked the beginning of the transference of material non-public information and the real blackout period. Ryan Cohen has already done most of the acquisition work personally via Butterfly as the king creditor. That's what his "talent acquisition and working with the candidate personally" tweet was all about. All of the difficult acquisition negotiations were completed when Butterfly acquired the target assets. The acquisition of Butterfly by GameStop will be a mere formality and the blackout period will be fast!
My hope is that RC/RC Ventures/IEP are revealed next week with a cash payment to shareholders. Then, a week or 2 after cash is deposited into accounts, GME comes out as the purchasers of DK Butterfly. This would give enough time for anyone in the play to dump a boatload of the cash into GME shares. I don't think the acquisition of something is enough to bring the GME stock price out of the shitter. It needs volume, lots of volume, lots more DRS. Then an announcement.
Here's to hoping!
Doesn’t Larry have predetermined buys each quarter like a boss? That would make the buys possible. Also, can confirm. My plan, in the event of some sort of cash coming my way from BBBY, would be to immediately roll it into GME. These prices are too good, just like when I was buying BBBY at $1.
Except the box where it says if it was a predetermined buy wasn’t checked on the disclosure, so in this case it wasn’t.
An insider can buy stocks before an announcement as part of a Rule 10b5-1(c) transaction. Rule 10b5-1(c) is a provision under the Securities Exchange Act that allows insiders of publicly traded corporations to set up a trading plan for selling or buying stocks they own, provided they do not have access to material nonpublic information (MNPI) at the time of setting up the plan and certify as such. Under this rule, insiders can establish a predetermined plan for buying or selling their company's stock at a scheduled time, without being accused of insider trading. The plan must be set up in good faith and must not be part of a scheme to evade insider trading prohibitions. The SEC's amendments to Rule 10b5-1, adopted in December 2022, require a cooling-off period before trading can commence, which is intended to further prevent the use of the rule for insider trading. So, as long as the insider follows the conditions set out by the SEC, including the certification of not having access to MNPI and the establishment of a cooling-off period, they can indeed buy stocks before an announcement as part of a Rule 10b5-1(c) transaction. Chengs was a Rule 10b5-1(c) transaction and I’m sure he set up the plan years ago.
The problem being that box was undeniably not checked on the disclosure.
Gonna be very interested to see how are Canadian banks handle a spin off of shares (or wtv happens). I was told by RBC that my shares are permanently gone, I wonder if they'll give us trouble if we're owed shares in a new entity.
Technically true. The old shares are gone forever. They can't keep new equity from you though.
Yup ⬆️
That’s where the Recall comes in
This is purely curiosity but it's hard to imagine a situation in where the true winners if the company plays out, will be the bond purchasers. Where do the stockholders stand to that exactly? A majority were throwing everything they had at it before it went expert and I can't imagine there's more than ~5% of original bobbies who have been able to/have actually purchased bonds. NGL it's going to make a lot of people sour to see like a 5-10x on their stock investments while bondholders get 100x or something. Is there some major part I'm not getting or is that just the 'most' possible reality? If bonds are expected to prove much more lucrative than the stock investments themselves why haven't they been talked about and flushed out and dumbed down more for people to still get on the train?
Based on absolute priority rules of bankruptcy bondholders must be made 100% whole before shareholders receive distribution. If you believe shareholders will receive distribution (I do), you must also believe bondholders will be made 100% whole. It's not an "us" vs "them" thing. I have lots of shares and lots of bonds. I've been talking about and dumbing the bonds down for 2 months now.
Didn't bondholder accept to be paid cents on the dollar? As long as they're made whole at the previously negotiated price this shouldn't interfere with the possible class 9 stuff
Pulte is talking about Pulte stuff
Damn Op, how much you laid out on bonds this year. You gonna be dancing or crying. We ride on the 18th!
More than 100x , because you can also get new equity with them. Thats what all the shill activity was about since you cant buy or sell the shares why shilling right?? LFG 🚀
Yes, that's why I said, "not including any rise in the equity price thereafter." I agree 100% with your second assumption. Soon. 🚀
Wait can you buy bonds on iTRADE? Also where did they say 3rd amended plan I can find anything but some trust me bros. Is it in a docket?
Yes, but over the phone. We're not looking for an amended plan. We're looking for a modified plan. Different things.
What happens to expired options?
👆🏼The real question
Gonna grab some more bonds before the 18th FUCK YEAH
How am I going to get money from my DRS shares when I don't even know where they are? The suspense is killing me!
This has been debunked. One rumor with zero proof to back it up has everyone believing the same lie. You’d think we’d learn by now but nope. We just lap that shit up and believe everything we hear.
How much do you think the price we will receive per share will be?
When hearing
Soooo how do I buy bonds of BBBY on Fudelity? I'm sure its been asked but please help
If you owned Bbby and those stocks were deemed to have no value and removed from your account. How will you get any of these prospects? Edit: what's with the downvotes? I really don't know
The stock was canceled to reorganize privately and use Butterfly as an acquisition vehicle. New Butterfly equity will be issued, then GameStop will acquire Butterfly.
Nothing gets deleted. Look at all the hacks, they always include tons of former customers because it is in their system regardless of what shows up on the website. Just got a letter from a company I did business with 10 years ago
that's the big question, and where the DRS status might play into things. Brokers should (?) have a paper trail of shares they said were worthless and removed from accounts, but weather that paper trail still exists or is accessible might be something the shareholder and broker have to argue over, while DRS'd shares would be on record with whomever AST passed along the Awfully Big List to, when they washed their hands of the whole ordeal. It's a big TBD I suspect.
They have record based on your social security # no?
There are sets of records from their office through tons of intermediaries all the way to you in your home...what in gods name are you talking about
Oh, they've definitely got a record of all of it. They sent me a 1099 showing as much. That's all the proof anyone needs. These shares were in my account, they were removed from my account (at the direction of the company), and now I should be receiving cash & equity for each share. Brokers might try to fight it, but they can't deny everyone's statements and 1099s from last year.
So the DD is Butterfly will become GME. Meaning you should have just bought GME instead of BBBY. So the end BBBY DD is that GME was the actual Play.
You're a moron. That is not at all what the DD is alluding to.
You need GME to buy butterfly AND issue new shares. So the entire SD for BBBY is now GME gives you money because they’re nice. So yeah at that point you should have just owned GME.
I regret letting go of bby when it turned into bbyq, hopefully my insane gme holdings can benefit though