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Wednesday, July 05, 2023 12:47:27 PM
LMAO! Zero chance of that. The only thing left to sell is some limited Buy Buy Baby assets. BBBY tried to sell the entire company and couldn't, and that is why they had no other choice than to file for bankruptcy. And there is nothing left to sell in the way of the "whole company" via a stock sale, since BBBYQ sold off the name, trademarks and names and all of the intellectual Property Assets (IP), etc., as well as the remaining attractive leases. There simply isn't anything left to buy in terms of the former "entire company." And, even when the limited Buy Buy Baby assets are sold, the cash raised in the asset sale auctions will not be anywhere near enough to pay off the secured creditors, Bondholders and unsecured creditors, who are set to get just pennies on the dollar here in the BBBYQ bankruptcy. Common shareholders are toast and stand no chance to recover anything. SMFH
Recent BBBY News
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