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Re: Prudent Capitalist post# 5716

Tuesday, 05/16/2023 5:08:14 PM

Tuesday, May 16, 2023 5:08:14 PM

Post# of 9841
BBBYQ: Only a matter of time before $BBBYQ=Nasdaq again

You, sir, have not been following the Kroll court documentation. There is a bidder, and it's IEP (Carl Icahn).

Therefore, only in that rare [once-in-a-blue-moon] regard, would you be correct, since we can consider that as a rightful cancellation of the OTC ticker, as we go back to NASDAQ under a new company but same brand.



HERTZ [example]
-Hertz went through a similar process with Kroll.
-However, they had $19 billion in debt and $1 billion in cash (an order of magnitude worse-off than $BBBY was)
-Existing Shareholders came out with more than $1 billion. They were not wiped
-On June 30, 2021, Hertz successfully completed its restructuring process and emerged as a financially and operationally stronger and more competitive company.

$BBBYQ
#BBBYQ
Bullish
Bullish

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