$BBBYQ
boy OH boy, do I have a WILD theory.
Screen Shot #1
@ryancohen quote
Screen Shot #2
What Rolled Equity means
Screen Shot #3
@ryancohen Buys All Stocks
Screen Shot #4
@ryancohen telling
@ryancohen he did it!
So lets say
@ryancohen was working his magic through sixth street, to reorganize this company through debt liens. Now lets say on Jan 13th 2023 JPM saw what
@ryancohen was attempting to orchestrate.
December 2022 (the month before) BBBYQ brought on Kirkland & Ellis, also Lazard was engaging with potential buyers who signed NDA's for a purchase of the businesses in a REORGANIZATION.
Knowing Sixth Street has the liens to the company's ENTIRE portfolio of Intellectual Properties, they panicked. No liquidation of the brands could happen with out
@ryancohen & Sixth Street approval.
Now on this Jan 13th 2023, they stage the LBO, to force cash dominion & hopefully send this thing into a chapter 7 liquidation. Why? Well this prevents shareholders from ever seeing recovery, & also this prevents any future continuation of the business, because of the "AGREEMENT AMONG LENDERS" clause written in the FILO. both JPM & Sixth Street would have to agree on how the sales took place & proceeds distributed.
Now insert this meme SS #3 "
@ryancohen Buys all stocks"
Jan 18th 2023.
its been 5 days since the LBO, people are talking strategy, "What are they doing", "what about them", "how about those guys over there".
Now JPM makes their move, issues event of default Jan 24th 2023.
@ryancohen moves & hires Carol Flaton restructuring specialist, Johathan Foster & (Pamela "mother fuckn" Corrie ~spidey) both to protect the liens of Sixth Streets FILO.
HBC comes to BBBYQ to offer financing to keep them alive. Remember HBC approached the company...
What happens next? You see Sixth Street puts $100 million into HBC deal to pay down JPM's ABL, also they sign ia deal that makes all proceeds from this HBC offering go directly to paying down the ABL.
Now, here is the theory:
What if
@ryancohen & friends decided that, if we fund the company, we can remove JPM out of exisitence, & we get these dumb storm troopers to pay for our acquisition?
Imagine this dude
@ryancohen took all this stock from HBC & spread it out among affiliates, (dont forget these shares when excercised were in Book Entry form) so they never are owning enough to trigger an ownership change in the company or to trigger an insider reporting.
On top of that they held all these shares into bankruptcy, the shares get counted, cede & co is like we have 739 million
@ryancohen slaps his reciept on the table, actually my friends & I own every share issued by BBBYQ inside the HBC deal & you are FUCKED!
Now think about this situation:
1. JPM is already been removed,
@ryancohen & Sixth Street is in total control of the assets.
2.
@ryancohen holds over 600 million shares of bbbyq collectively with friends
3. all of those shares that flooded the market are now obligations, making them short sales to the position
@ryancohen & friends hold. (basically this is Volkswagen on steroids)
4. this is what we call a "SHORT SQUEEZE ACQUISITION"
@ryancohen walks into the room, guess what my bitches, i own your nuts, i own your nuts, and i own your nuts.
here is what is going to happen, I am going to surrender our positions under these conditions.
1. you are paying for me to acquire these assets
2. you are paying for the lawyer fees
3. you are taking little to no recovery
in return you take a massive hit, but you survive another day.
Did this happen? I can't confirm nor deny, but there is evidence suggesting it is very real possibility.
#bbbyq =👑💎