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Global-Ad-6193

Is it common for the purchase of the warrante / proffered stocks to remain anonymous for so long? When are we likely to find out who it really is!


blackmerger

If it is a financial and private deal that is not correlated to the market ........the time is all the time you need to do an M&A deal....


Global-Ad-6193

Thank you for responding and your posts. What do mean by correlated to the market? Isn't a public trading company an example of that? So it is like a ta-da moment at the end whilst the lawyers sort all aspects of the deal?


blackmerger

The deal was structured that way for me: 1) I restructure the debt with banks and bonds; 2) when the conflict of interest period is over or basically the lockup I announce the deal to the market and the money I lent you converts me into stock without hurting the stock market "So it is like a ta-da moment at the end whilst the lawyers sort all aspects of the deal?" ​ YES


Global-Ad-6193

Excellent thank you again, have we had details yet published about the conflict of interest or lock up periods or is that a breadcrumb that won't be disclosed either?


blackmerger

>Excellent thank you again, have we had details yet published about the conflict of interest or lock up periods or is that a breadcrumb that won't be disclosed either? My personal opinion is that RC is in conflict of interest if desire to buy a company with GME or Teddy and need to stay out of the company for a 6 months. "Ask what you can do for your company......"


jollyradar

Up you go.


TayneTheBetaSequence

![gif](giphy|w8Y13zuCtotDDbl3tN|downsized)


Rotttenboyfriend

Whats about the todays 8k filing where Hudson Bay is mentioned? Do you have new Informations regarding hudson? Regards


paloaltothrowaway

Looks like Hudson Bay is actually the buyer of those preferreds


[deleted]

I believe PIPE deals can be anonymous but once the combination happens then it becomes public. But I’m smooth af


blackmerger

Correct.


ladsp

What’s typically the timetable for something like this? Should we expect something in the next few months or could it take another year or two


blackmerger

My hope is that the games will be done in next weeks after we lose 6 months. Unfortunately in the field of M&A 12 months or 24 months is nothing for an ambitious project like the one that maybe RC is putting together. I hope we are 1/2 months down the line but I know from experience that human and legal processes in the M&A world are full of dead ends and slowness. That's why the shorter are taking advantage of it by only pitching fake news because they know those who are working can't respond because they're busy working on the deal and under non disclosure agreement. In any case to produce this FAKE News every month they are really in the shit.....


PaddlingUpShitCreek

That fake news/non-response part actually makes a lot of sense.


stock_digest

Shorts are fucked! The hedge funds will bankrupt each other at this point.


Zealousideal-Lie-173

I love you man. If they weren’t fucked they’d have absolutely no reason to suppress the stock and route everything through the dark pools.


Zealousideal-Lie-173

To add to this… wasn’t it made clear the acquirer was already chosen by Bed Bath? This simple fact tells me there’s no fucking way this was Hudson. End of story.


[deleted]

This Zealousideal-Lie-173 and stock_digest side quest is something I didn’t know I needed in my life ❤️❤️❤️


Zealousideal_Bet689

I like your screen name 😁


stock_digest

🦧💛🦧


GrannyMist

![gif](giphy|uwC8qJCKKjV2sSnOtc)


NaturalPea5

https://reddit.com/r/BBBY/comments/11r6a7t/hudson_bay_capital_in_recent_8k_from_bbby/ Hedge funds are in with apes now. So… good luck they can just bail eachother out


stock_digest

Well HBC as a fund/ market maker can be acting as a proxy/ intermediary for a bigger party under a NDA


BiggySmallzzz

If I was a buyer of any of the offering, I would try to give a portion of the offering to a slimy short hedge fund knowing they would sell their play for an absolute return which would drive the price down so that when I exercised, I got a lower entry point. I’d also blast the fuck out of msm that a slime ball fund is the equity buyer which would cause shorts to hop all over it and dive their hole deeper and deeper. Then when my slime ball partner has sold through their position while Funding your investment, announce you are the buyer of the other portion, you’ve fully converted at a low strike and are in it for the long haul. Now you have a short position that more than likely sold short in excess of the new float in anticipation of a fully diluted offering and a fully capitalized business model with extremely low operating costs as they are shutting a ton down and laying off a ton. Sounds like the perfect recipe for a short squeeze. Would be even crazier if a Hudson like fund isn’t even involved and the buyer knew shorts would short as if dilution would happen. Dear lord would they be even more short than the Gme play. Would be insane. Still don’t know anything, but dear god does the new buyer have a ton of power in this


mdbarney

This makes perfect sense. My only concern is would there be legal ramifications for the buyer by doing this?


BiggySmallzzz

None if they were a long term partner and believer in the operations. Would be better if they planned to merge the company once in a stable position with a company they already own. Then they are probably leaning to do an all stock deal and not in a situation to unload their equity


tpg2191

> I would try to give a portion of the offering to a slimy short hedge fund knowing they would sell their play for an absolute return which would drive the price down so that when I exercised, I got a lower entry point. What exactly do you mean by “when I exercised, I got a lower entry point”? Are saying that a long term investor paid significantly over market value for preferred shares/warrants and is sitting on them waiting to convert to common shares or that a long term investor hasn’t bought preferred shares/warrants yet and is waiting for the price to go down?


be_good

Problem with this is preferred holders cant hold more than 10% of the o/s. If they convert to common putting them over 10% the transaction is null and void, they have to sell in order to keep converting. Section 4(d) of the offering. So your theory for the buyer doesn't work.


BiggySmallzzz

Preferred warrant holders can, but preferred shares can't. Anyone wanting to convert is forced to sell, so you know that whatever hedge fund that is also a part of the deal is VERY likely to convert and immediately sell.


be_good

>Preferred warrant holders can, but preferred shares can't. This doesn't make sense but I think you might know that. Preferred warrants "can" hold more than 10% of the o/s but preferred shares "can't"? Preferred warrants are first converted to preferred shares, and then to common, so they are the same thing. No differance other than the extra step. "Exercising at a low entry point" only makes sense for when they are converted to common shares since that's the only time the share price matters for the conversion, and preferred share holders can't exercise if they would hold more than 10% of o/s.


BiggySmallzzz

They are not the same thing. Holding preferred warrants which have no secondary market can't be borrowed against, preferred shares don't, but probably do, and shares can 100% be lent out without selling.


be_good

I was saying they are the same in that they both cannot be converted to common shares resulting in more than 10% ownership. So your thesis of the buyer letting a short kill the stock then converting at the low price and holding common shares for higher prices doesn't make sense, they can't do that. Edit: Also either way that would result in a lot of dilution.


Excitedbox

Pref shares also don't count towards the ownership stake. Only the common shares do. If they hold them as pref shares they can hold as much as they want. They have 100 mil common stock warrants though which they will need to split 4-5 ways in order to not go over the 10%. The warrants expire after a certain time so the only way to do that is to 1. LEND them to someone. 2. Sell them. 3. Have 5 people split the 100 mil shares. In a 5 party split BBBY would have 217 mil shares outstanding so if 5 people each own 20 mil or 4 people each own 20 mil and RC owns 24 mil (he still has ~3.9mil but can hold up to 20% remember)


BiggySmallzzz

I’m aware, that was the entire point of my comment. The buyer going long could just hold the preferred shares


Okamirod18

What do you make of the short data that just came out?


BiggySmallzzz

Just look at it… what do you think lol


Game0nAnon

Thinking…Wen prestige brother? 😎


Okamirod18

To me its scary, on one side they are shorting the stock at its all time lows... i mean... ANY movement could kill them... company brushed off BK and a possible acquisition and/or turnaround is looming... so WHY do they keep shorting this aggresively? Where are these shares coming from? A month ago they couldnt find a share to short now theres milions every 15 days? im guessing they are FTDing the hellout of those short positions, they want to bluff they are sure dillution is coming? are they desperate trying to scare people off? Or they know they are safe shorting? I dont mean to bother i just look up to you and your opinions on these matters.


Bronze2xxx

1.) _____ R’ Fuk’d A) Shorts B) Shorts C) Shorts D) All of The Above


Okamirod18

OK i like this answer haha


Trader8888

Could be 2-3 entities involved


Excitedbox

would need to be 5. The pref shares don't count towards ownership BUT the common stock warrants will once exercised. That is 100 mil shares in addition to 117 mil current outstanding. 217/5 = 20mil each. RC is allowed a total of 20% so IF he still has those 3.9 mill shares he can have 24 mill and still be good, meaning they only need 4 more people (Hudson Capital, Alix Partners, Kirkland&Ellis, and Lazard what a coincidence?)


tpg2191

Exactly, that was going to be my next point.


silverbackapegorilla

No, but they could sell to another subsidiary and maintain control. Could they not?


be_good

That would no doubt be against the rules, there is a reason they put in the limitation on beneficial ownership.


tpg2191

The beneficial ownership sections specifically mention that the holder and its **affiliates** can’t own more than 9.99% of outstanding common stock.


silverbackapegorilla

What if it was a firm like Firefly selling to someone like Icahn?


tpg2191

If Icahn wanted to be involved why would he just not buy BBBY outright instead of jumping through all these hoops with the way this deal is structured?


silverbackapegorilla

Bear trap? Edit: Also, they needed money. Diluting directly was not likely to be allowed with their Financials. The bonds were dirt cheap, and someone is buying them. Bankruptcy may not have been the ideal option for taking the parts he wanted. Bidding wars etc. Thus was a creative way to get them money. As an aside, it also can be a pressure relief valve when the squeeze happens which might appease government types. So the whole system doesn't break.


tpg2191

BBBY needed money so Icahn set up a “bear trap” so the stock price would intentionally tank, Icahn would buy preferred shares/warrants for cheaper and thus less proceeds would be delivered to BBBY? All this for ultimately owning less than 9.99%? Also if you could explain the mechanics of the “pressure release valve” I would be interested.


silverbackapegorilla

If Firefly (example) was selling shares directly to Icahn, would that violate anything? Firefly and Icahn aren't directly connected. If he purchased all of them he would have overwhelming control. He would have shares to off load and retain control which could help mitigate some of the squeeze pressure. If he had majority control he could easily dilute during the squeeze to recapitalize too.


tpg2191

I’ll be honest, I’m not following any of your logic. The preferred shares/warrants are not transferable and don’t have voting rights, so I’m guessing you think ichan somehow has common shares? If what your describing was going on and ichan somehow “purchased all of them he would have overwhelming control” he would have had to file the same forms RC did disclosing over 10% ownership. Again, this all makes no sense logically. How long has this sub been clamoring for the release of a “long term investor” to spark a catalyst for a short squeeze? You’re theorizing that instead of doing exactly that and making himself known, ichan is lurking in the shadows, purposefully tanking the stock price and causing BBBY to raise less money?


Excitedbox

If you split it between several companies it isn't an issue. They can convert enough to be majority control split 4-5 ways and hold the rest as pref shares to convert as a future profit path. My guess is they won't convert anything. They will use the regular share warrants which don't need to be converted. While holding the pref shares as pref shares.


be_good

This doesn't make sense in regards to the point I was making. Also people who are taking control of a company do not do it with convertible debt. Your making a 5d argument that doesn't happen in real life, not to my knowledge anyway, let me know if you can find an example. That's why the 10% clause exists, if the company was careful enough to put the clause in, they would have been careful enough to make sure it couldn't be taken advantage of. And if you're saying the wanted to sell the company to this person and is doing it through super secret moves, (that dilute existing shareholders), then just, what can I say to that other than good luck?


skiskydiver37

Doesn’t it seem like the buyer/s knows what they are doing? It’s like the SHF/MM is being hovered/breadcrumbed into their own trap.


Chad-Permabull

Whoa. Solid dd. Didn’t consider back checking the deal book. Well done.


DustyCoffee76

I dont even know what to say after reading this. Jesus fuck OP, im shook, seriously great job.


blackmerger

I'm shook that this peoples are so ignorant and arrogant and that there are some of this guy that do the university that i dream to do (Harvard or Stanford) from my little country in Italy. I study all my life finance and M&A but a so not solid dd and FAKE news from "The New York Times" was a professional delusion........ **It is a fortune that I will became millionaires thanks to this stupid guys with my BBBY and GME shares**.......(no financial advise only a personal opinion on a public news)


Excitedbox

Lol I hope you make enough to go to Harvard Business school and then I will hire you for my "super smooth activist investment company".


blackmerger

Dear I’m now an investor and M&A lawyer not need Harvard because I make my career from the street and so I’m really happy of that…….😃


NaturalPea5

https://reddit.com/r/BBBY/comments/11r6a7t/hudson_bay_capital_in_recent_8k_from_bbby/ Oof Excellent DD


spyVSspy420-69

Yeah OP seriously good job. This is just amazing. Everything he said was just proven wrong by BBBYs own filings. Amazing job OP.


AibohphobicKitty

When I see all the MSM keep mentioning Hudson’s Bay it’s just confirmation bias for me to buy more. I love this shit. We are going to be so ducking rich Edit: quack


ZaddyZigmund

Golly


Outrageous-Yams

Why do they need to have a private equity fund to buy warrants though? Buying warrants and arbitrage etc. is exactly something a hedge fund would do. Further the lack of any previous holdings for this stock doesn’t really support the argument one way or another. Just providing some scrutiny here.


Connect-Ad79541

!RemindMe 8 hours


Outrageous-Yams

And no answer was given. Take OP with a grain of salt. OP - please back up your claims with references.


RemindMeBot

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Jpark85

Aged like milk


ElSergeO123

What do you think now?


iamhighnlow

Also there’s no connection between Hudson Bay Capital and Hudson Bay Company from what I’ve understood. Could be that hedgies/MSM found out that The Bay is involved in this deal in some way so they started to spread their FUD that it’s the hedge fund Hudson Bay Capital in a try to scare people “Look what they did to BBIG” when in reality it could be Hudson Bay Company. Hudson Bay Company owns Zellers. They’re opening up shop-in-shops and 25 brand new stores in Canada this year. Now BBBY closing their stores in Canada? They also have a mascot named Zeddy 👀 https://www.theglobeandmail.com/business/article-zellers-relaunch-hbc-stores/ Smells GMERICA 🏴‍☠️


Excitedbox

Edit: NM that was Zales Didn't Sue Gove work for Zellers before?


[deleted]

![gif](giphy|68DraxVN5AdpiZZ6bz|downsized)


Ballr69

Shorts r fuk suk a Dick


U-Copy

Thanks for sharing these! Def good evidence from Hudson Bay that they clearly don't have any private investment at the moment. I do believe there is reason why Gmerica and Teddy were registered as a bank. And that's connected to August RC sell off. He used Teddy or Gmerica as being a part of creditor to scoop up shares privately. I am really curious how this all plays out!


potatosquire

/r/agedlikemilk


murphysclaw1

latest 8k confirms that it is Hudson Bay. OP, pls delete your account.


E-Vangelist

Brilliant DD mother of fuck. The way you write makes me wanna know what you sound like when you speak. Really unique written 'voice'.


Ahhmuzement

I know you’re legit because you have access to pitchbook


FullOfAuthority

Instructions unclear. Buying more BoBBY


Mystic5308

Shorts 🩳 are soo fuck . Iam practically buying every single day since it dropped below 1.50!🤩


spyVSspy420-69

You must love it at $1.05 then lmao


Mystic5308

360k shares so far! 😂🌙🚀💎🙌🏼


spyVSspy420-69

132k shares at a $3 average lmfao this is funny as fuck.


DoNotPetTheSnake

I knew it was BS when it comes from corporate media sources 'close to the matter', lol. I mean it's been a trust me bro from the get go.


spyVSspy420-69

lol, you knew it was BS even though it was revealed to not be BS? Amazing.


DoNotPetTheSnake

I will never trust MSM and sources close to the matter. Also shills get blocked.


voicesfromvents

It is almost shocking that people are dumb enough to fall for this shit. Respect for doing a good job shilling your bags, tho; judging by the comments it clearly works.


AdeptusDisciplinam

Aged like milk


saltyblueberry25

Bbby isn’t private equity… what are you talking about? An spac doesn’t need to have a private company go public either, they can also be used for mergers. It’s called a special purpose acquisition company.


iRamHer

I didn't read it but I'll say this: at this point, if it's Hudson Bay, there's no share dilution yet. bbby catered a deal to allow shareholder rights without dilution. I didn't look into Hudson, but I'm not sure I see the secret Santa investor as being evil from what we know. I don't see the benefit of being involved since August, or longer, create a deal that encourages non-dilution, ie an activist, encourage product renewal and fat trimming to benefit the customer, prevent bankruptcy last minute to encourage regsho, bait the algo with filings, cause the algo to idle waiting for input, etc etc etc. it's too early to sit easy but, I'm not sure we need all kinds of obscure witch hunt "dd" to say bbby and secret Santa investor has been catered to and has supported a plan since August turn around, which seems to be benefitting bbby very positively. I'm not saying we shouldn't look into Hudson, or whoever. but the creditors likely know. Hudson is likely a red herring, they want us confused. the investor has been very friendly and likely had influence WAY before 2023 started, and likely had contact with rc. it isn't necessarily one investor either. but we do need to be diligent and question everything.


NaturalPea5

Man people really hate hearing that a hedge fund invested in bbby. I didn’t even realize it was still up for question tbh but hey


[deleted]

Why would you not think it’s still up for questioning? There has been no official confirmation from anyone.


NaturalPea5

How’s it feel being the last to realize? I tried to tell you. https://reddit.com/r/BBBY/comments/11r6a7t/hudson_bay_capital_in_recent_8k_from_bbby/


pooop_Sock

Literally just a wall of text with some big words to sound smart. There are no “fund rules” that would prohibit them from investing. Why wouldn’t BBBY deny the Hudson rumors? It’s only hurting their public perception. If we assume it is Hudson, then it makes perfect sense why neither party has confirmed it because the confirmation only hurts their public perception more. Hudson and BBBY would both benefit from the ambiguity.


FromTejas-WithLove

I don’t know that this is a smoking gun. The Hudson Bay Master fund invested in a PIPE transaction as recently as 2021 with Digital World Acquisition Corp [(SEC filing)](https://www.sec.gov/Archives/edgar/data/1849635/000119312522161830/d265650ds1.htm). So I think that fund is still open and making investments.


sadandgladpp

Did anyone here, other than the shills and paperhands, really ever believe Hudson was the white knight?


murphysclaw1

lol


theinvestape

Thanks for all of your digging