Share are at 1.23. Which means that investors will walk way expected a closing announcement next week
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That meme stock post is priceless. Nobody who is not a rube would touch this stock. And the rubes are on reddit.
We are not a meme stock.
Yeah, 4hru, I told them the same thing 3 months ago. Because you HAVE the merch doesn't mean it will sell. Especially with vultures waiting for the liquidation sales.
Fill the floor all you want. You need customers to actually make the sale.
I don't understand why anyone is still working for BBB. I got out 6 months ago and it was the best thing I've ever done. There are so much better jobs our there
You're all going to be forced out within a few months anyway. Wouldn't you rather leave on your own terms?
Hudson has its mitts in a many marginal companies.
The $1.34 is another attempt at pump and dump by Memers. Question is of shorts will play along.
The post is probably not gonna age well in the next few trading days. Stock is heavily being manipulated from multi sides. The only thing that is keeping this stock from imploding to 1¢ is the corrupt financial institution.
“ Bed Bath & Beyond's recent deal with Hudson Bay further dilutes equity holders since the agreement is for the hedge fund to be able to convert the preferred stock they got as part of the deal to common stock at a 20% discount to what the stock is trading at, as long as the stock trades above $.716 cents a share. ”
Completely agree with @ond+1lyYtv7o Next week is too soon. With that said they will not last until the end of 2023. Also, no company in their right mind would merge with BBB. There is little to no gain out of it and not worth the tarnished name and debt that would come with it.
Issue we don't know any of the other conditions basis stock and keeping up to date on interest payments .. I am sure some are performance related .
“… the additional cash has strings attached. Among them: Future injections are contingent on Bed Bath & Beyond maintaining a weighted average stock price of at least $1.25 or $1.50, depending on the timing, according to a regulatory filing. The deal terms allow Hudson Bay to waive those conditions if it wants.”
Q: How would an Univision soccer commentator make the call on this post?
A: Troooooll!!! Troooooll!!! Troooooll!!!
I am guessing you didn’t read the deal.
Who would buy them ?
Nope. They have enough cash to continue the slow death for a little longer. When they get to 360 they will just keep closing slowly in hopes of a buyer for what is left of this dog. Then they can deploy the golden parachutes and move on to destroy another.