Replies to post #3856 on Bed Bath & Beyond Inc (BBBY)

[ecmoney]

tupperware going down??????

ec

[shajandr]

Of course BBBYQ has no use for RYAN COHEN. He is nott a bankruptcy lawyer.

and so here is what is really going on ....

BBBYQ IS going bankrupt. That is a guarantee. It is nott even a close call.

When the BK petition is filed, existing management and the BOD know that they are ~OUTT of yobbs and their gravy train ends. Either a Chapter 11 reorg plan is submitted and approved by creditors and the court, in which case the (mis)managment and BOD will almost certainly be replaced,

OR, BBBYQ will go into a Chapter 7 and liquidate, in which the current (mis)management and BOD will lose their yobbs and the gravy train.

Ergo, it makes sense for current (mis)management and the BOD to drag this ~OUTT as long as they possibly can before filing BK so that they can CONtinue to draw salaries, benefits, travel and expense money, and other goodies for as long as they possibly can. Thus, they are diluting all the remaining equity down to ZERO with essentially floorless financing - thereby keeping the BK petition at bay until the toXXXic funding dries up when the equity is wrung~OUTT to zip.

So, everbuddy holding this turd will see their equity CONverge on ZERO and when the last drops of FLOORLESS blood that can be drained are drained, the BK will wipe~OUTT the last tiny dust and crumbs of common stock equity.

In all universes, BBBY/BBBYQ winds up with current common stock holders winding up with ZERO if they hold this turd for "the long haul" (which is nott very far at all!.

And now you know the rest of the story.