Is anyone else thinking how I’m thinking that April 9th will be the day for chapter 7 right before the Warn Act takes effect the following day. They won’t have to pay anyone anything. The way they have been operating I wouldn’t put it past them.
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Layoffs are old news.
Next up is uncertain. Stores will end closing sales by 4 30
Then what is unsure
The layoffs coming up may push the stock up just enough to keep the funding in place
“Effective as of the time both the Company and the Holder shall have duly executed and delivered this letter, for the period commencing on 9:00
A.M., New York City time on March 20, 2023, through, and including, 9:00 AM, New York City time on April 3, 2023 (the "Limited Waiver Period), the Holder hereby waives the occurrence of any Price Failure that has occurred or may occur during such Limited Waiver Period (the "Limited Waiver"). For the avoidance of doubt, the Limited Waiver shall cease to be of further force and effect after 9:00
AM, New York City time on April 3, 2023.“
The stock has no value. HBay will do anything to get their money back even if it means dragging a dead horse to the finish line. BBBY will be around to line the pockets of HBay and BBBY execs. WARN Act has nothing to do with the company’s decision to file Bankruptcy. It’s all about making sure the meme day traders and hedge funds are left holding the bag. While the C-Suite from both sides cash out.
If the stock is not above $1.00 by April 3rd their terms with Hudson are in default and they will likely lose all the additional funding.
Magic 8-ball says it’s gonna be Friday 3/24 when the next John Wick movie comes out.
I don't know. I mean, how many "final" days have already been thrown into this forum since 2020?
It is very possible. Especially if the stock stays below $1.00 and they are not going to get anymore funding.