>>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.