Let$$ GOOO!! BBBY is Back!! We’re back!!! Calling all Apes 🦍
Let’s just try to figure out where the confusion is coming in.
I think it’s something we covered but let’s talk about it again.
🔹 Two Different Payouts = Why There’s Confusion
1.Estate/Trust Payout (Old BBBY CUSIP)
•Those legacy BBBYQ shares didn’t just “vanish.”
•They sit in the trust as a frozen CUSIP, which represents your legal claim to bankruptcy distributions: 💵 cash 📝 warrants tied to the NOL (net operating loss) structure.
•This is where the “rights offering” and potential Teddy angle live.
2.Equity / Float Continuity (Ticker BBBY)
•The ticker obligations (synthetic shorts, FTDs, IOUs) weren’t written against the CUSIP, they were written against the ticker BBBY.
•When Beyond flips from BYON → BBBY (Aug 29), that float stays the same. No dilution.
•Pressure comes from reconciling phantoms into a live, tradable equity.
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🔹 Why Bankruptcy Rules Cause Confusion
•Bankruptcy lawyers talk in terms of CUSIPs because that’s how estates and trusts are settled.
•Traders and brokers live in the ticker world — and synthetics follow the ticker.
•Two systems, two rulebooks → easy for people to conflate the two.
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🔹 Where NOLs Come In
•NOLs are valuable tax assets. They stay attached to the trust and CUSIP structure.
•That’s why warrants or rights offerings are a logical vehicle — they preserve the NOLs for NewCo while rewarding legacy holders.
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🔹 Why “Teddy” Could Still Happen
•If Teddy (Ryan Cohen’s private vehicle) or another bidder wants the NOLs trust assets, they need the shareholder structure intact.
•That’s why it’s still possible Teddy shows up later — but it’s a side note compared to the ticker pressure trust payouts already locked in.
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🔹 The Big Picture
Some didn’t like Marcus L, some only wanted Teddy, some just wanted the squeeze. But we’re at the point now where:
•Trust = 💵 📝 payout
•Ticker = 🚀 pressure float continuity
We’re all still here, diamond-handed OGs who carried BBBY through the fire. 🔥
Now it’s time to stop fighting each other and let the mechanics play out.
BoOm 💥
#BBBY #BBBYQ #GME