>>60682814
It is going to be substantial. The fraud allegation is not some finger-wag saying "you broke the rules". The fraud allegations are being made in the context of economic losses being caused BY the short sellers. Holly Etlin stated she believed BBBY was a $5BN company and that valuation is being made on realistic valuations of cash flow IF BBBY had fair access to the capital markets. The naked shorting basically proves that shareholders had $5BN in equity stolen. Not only that, but you also need to discount the cash flows in perpetuity WITH GROWTH. The revenues would have been growing every year as well.
I think the real neck-breaker here is going to be trying to determine how many shares ACTUALLY exist. Originally there was only like $117M. It was through convertible bonds that the shares seemed to expand to 740M. (Cede & Sneed seemed to think there was 789M?)
Guess what?
I think we will find the true share count will be revised due to the fraudulent mishandling by Hudson Bay. The claw-backs will be divvied up based on 117M shares. and NOT the 750M. So the actual share price is probably going to look absurd. The plan man is probably well within his rights to recover $5BN minimum (less after settlement). The catch is that the $5BN will be divided by 117M which is around $42 per share. This is why the shorts are so panicked, because the naked shorts created the synthetic longs, but the payout is per the ACTUAL shares that existed that were not fraudulently created by Hudson. A share bought at $0.04 will be rougly a 1250Xbagger.
Without a doubt one of the greatest trades of all time is here and now.
Already proven to be 100% undeniably factually proven to be a winner. We're just waiting for the formalities to play out. It's so bad they're STILL bringing on special counsel who are experts in fraud.
Cheer, towel chads. A lot of you are millionaires.

>>60614896
Bankruptcy is a tool that has a process. This is like needing to explain to a retard why you put your underwear on first and not your jeans. You see, CH11 has already been used to clean up defunct lease agreements that were legally binding. You don't want to buy a company and still have all of those leases you don't need, do you? BK also gives the estate access to legal recourse and in this case discovery. It can audit the number of shares outstanding and provide the evidence needed to go ahead with lawsuits as we are seeing now. So, naturally, BK is not going to end until we are done suing the pants off of everyone we can find who is complicit in the sabotage of BBBY. It really doesn't matter anyway because the NOLs are only good after the shareholders have been maintained for three years. So there is no hurry here. We can let the plan man continue to bring up lawsuits and sue every last board member, hedgie, and at the worst, pilfer their D&O insurance. (And, naturally, take whatever other assets they have that are not legally protected). The plan can be amended at any time, and we won't know that until closer to that three year mark. One of the people caught red handed advising the board to sabotage BBBY was a JPM employee so we have some very VERY big fish on the hook. They'll probably get sued last after we eat all the other small-fries. Chance of recovery on its face even WITHOUT an amended plan is 100%.
You just have to be patient.
>muh shares
>muh takin long time
>muh cancellashun
Doesn't matter one bit. It has already been PROVEN that we won. It's right there. Go listen for yourselves.
https://x.com/sboho/status/1938673763047858432
Cheers, Towelkings.

>>60518091
GME made more in one quarter than it did in all of 2024.