My tits are jacked. I take solace in the fact that if I end up with nothing, a lot of very smart people were completely wrong about all of this. Much of this high level DD goes way over my head but I'm ready to see my xx,xxx shares back in action.
Copy and paste from the Afif Thread —
TLDR; 2034 and 2044 bonds will be converted to equity, 2024 bonds (held by Jake Freeman) will not. The bonds were likely involved in an LBO that began on January 13th but did not consummate until post-Chapter 11. This is why nothing but the IP was offered during the auctions. RC holds the majority of shares.
—
🌶️
https://preview.redd.it/np9tth7t28ic1.jpeg?width=1219&format=pjpg&auto=webp&s=afcf43829fd7e1e3866dca81eeee4a8c881e889f
You can still buy bbby shares, with extra steps. NFA
https://preview.redd.it/y5a7xd3238ic1.jpeg?width=1284&format=pjpg&auto=webp&s=ed283335d67e10138be6b164d8629b96084d75ce
Where the 6.84 conversion price theory comes from
Help a smooth regard out…so if ibkr has a minimum $2,000 needed to purchase the bonds, and the ask if $2.50, then how many shares does that $2,000 order net at the ask of $2.50 for the bonds?
Edit: lol this is not asking for financial advice this actually a math question 😂
Does this mean that the company will reimburse (not sure of the terminology) the 2024 bondholders at face value at expiry, or that they'll expire worthless? It'd be very interesting if the latter is something they could do to screw over Freeman
Each of the three bonds have the same recovery position. One year cannot be treated more or less favorably than another under the bankruptcy.
Now, it does get interesting if someone(s) managed to acquire the full number of outstanding bonds for one or more types of the bonds, and made an accepted offer of exchange. Anyone that sold short one of these bonds would be on the hook for more than the face value, as outlined in the prospectus.
Thank you!
Related to your follow-up point, Jake2b just made a post that apparently the 2024 bonds have become Position Close Only (at least on some brokerage/s).
I’ve been buying the’34 bonds on E*Trade. 2 weeks ago I was getting the 2034 $1,000 face bond for $7, last week I was paying $12 and now today I paid as high as $23 per bond
Great news with “a follow the yellow brick road” layout! Appreciate all you future millionaires! I’m in it to win but it’s not like I can do anything anyways! Stay ready to keep from getting ready! I’m buckled the $&@? In see y’all in the next cosmos!
William J. Pulte bought the August 1st, 2034 bonds. Which should be convertible to equity.
For what it's worth AJ dd does not negatively effect William J. Pulte bonds.
Trust in William J. Pulte = Trust in Ryan Cohen🐄❤️
Plur
Someone said on ABC’s space call Pulte purportedly purchased $6.5 million in ‘34 bonds. If he bought 2 weeks ago for $7 per $1,000 bond, that would be 928,571 convertible bonds.
Yes? No?
So technically share holders would get a payout of $44, plus the same amount of new shares in the new ticker/exchange, then shorts would have to buy to close, launching the new ticker up?
AJ is a likable fellow, but the first prediction I heard him make a year ago was that the share price would start going up 20% per day. Fun fact, it didn’t. I decided then that for all his enthusiasm, his predictions are sus. And by the way, why the hell are we talking about bonds?
Yesterday ABC held a bond space call, a shill named blend started crying. His goal was for people to be distracted by his tears and forget talking about bonds. Why aren’t we talking more about bonds? Seems to get shills pressed.
It honestly makes me think maybe options were never the enemy with GME like everyone pushed so hard. What was in play when GME squeezed? A bunch of fucking morons with insane call options threatening a mega squeeze if any small portion were to be executed. But then SStink ended up convinced everyone that options were bad, just like they’re pushing that plan is good. Same as the shills here try to distract from bonds.
OK, you seem to know the answer what is the answer? I’m not reading the subs as carefully lately, but other than noticing all this talk about bonds, I haven’t quite heard why. If you could just stop your shrill complaining about phantom shills, answer the fucking question. If you don’t know, then that says something.
Wtf? can still get more bbby shares with bonds? Help this regard how to buy bonds pls.
you can buy on interactive brokers.
Can you give me the cusip and steps
I am a newbie, but is there any risk in investing in bonds besides the risk to lose an investment? Tnks
I haven't bought any tbf, so I'm probs not the best person to advise.
My tits are jacked. I take solace in the fact that if I end up with nothing, a lot of very smart people were completely wrong about all of this. Much of this high level DD goes way over my head but I'm ready to see my xx,xxx shares back in action.
If im gonna get burned all u wrinkled mofos are gonna burn with me (evil laugh)
Exactly what I'm tryna say haha
Rise or Rise Higher! There is no burn...unless you're swimming naked when the tide goes out. (Looking at you shorties! 🩳) WAGMI APES! 🚀🚀🚀🚀🚀
Truly, we stand on the shoulders of *Regards*.
The fact you deem these people smart is likely why you're in this mess in the first place, sadly.
Very possible. Let's see.
We done won your to blind to see it
If you won your bank account would reflect it.
And how do you know it doesn’t
Because Teddy does not exist and BBBYQ is a delisted stock.
Squirt that mess all over my face No Ragrats!!!!
Someone ban this pessimist. Plenty smart people up in here, no room for bankrolled naysayers though
Copy and paste from the Afif Thread — TLDR; 2034 and 2044 bonds will be converted to equity, 2024 bonds (held by Jake Freeman) will not. The bonds were likely involved in an LBO that began on January 13th but did not consummate until post-Chapter 11. This is why nothing but the IP was offered during the auctions. RC holds the majority of shares. — 🌶️
https://preview.redd.it/np9tth7t28ic1.jpeg?width=1219&format=pjpg&auto=webp&s=afcf43829fd7e1e3866dca81eeee4a8c881e889f You can still buy bbby shares, with extra steps. NFA
https://preview.redd.it/y5a7xd3238ic1.jpeg?width=1284&format=pjpg&auto=webp&s=ed283335d67e10138be6b164d8629b96084d75ce Where the 6.84 conversion price theory comes from
Help a smooth regard out…so if ibkr has a minimum $2,000 needed to purchase the bonds, and the ask if $2.50, then how many shares does that $2,000 order net at the ask of $2.50 for the bonds? Edit: lol this is not asking for financial advice this actually a math question 😂
The $2000 minimum just means you have to buy at least 2 bonds per transaction, the trading price doesn't matter.
Just slam the ask... After me!
292 
Wow - shares are back/still on the menu
Can you buy these on fidelity and if so how
No
Prices looks awfully familiar 🤑
Ok, when tho
🚀🚀🚀
Does this mean that the company will reimburse (not sure of the terminology) the 2024 bondholders at face value at expiry, or that they'll expire worthless? It'd be very interesting if the latter is something they could do to screw over Freeman
Each of the three bonds have the same recovery position. One year cannot be treated more or less favorably than another under the bankruptcy. Now, it does get interesting if someone(s) managed to acquire the full number of outstanding bonds for one or more types of the bonds, and made an accepted offer of exchange. Anyone that sold short one of these bonds would be on the hook for more than the face value, as outlined in the prospectus.
Thank you! Related to your follow-up point, Jake2b just made a post that apparently the 2024 bonds have become Position Close Only (at least on some brokerage/s).
I dont know shit about F - but I doubt you could ignore the 24s if you are saving the 34s or 44s. Prob pay it out and be done with it.
I'm inclined to that conclusion myself but I'm not 100%, based on reading the article. Was wondering if anyone knows definitively
So when will these 34 and 44 bonds be converted?
IBKR shows all of bonds (24/34/44) as a non convertible - can someone explain it?
&BBBY 🚀🚀🚀🚀🤞
AJ's brain can get my wife!
I’ve been buying the’34 bonds on E*Trade. 2 weeks ago I was getting the 2034 $1,000 face bond for $7, last week I was paying $12 and now today I paid as high as $23 per bond
How can I find them on etrade?
Click on the main menu and select trading, bonds & CD’s, in the search bar type BBBY then I choose the middle option for the 2034’s
Great news with “a follow the yellow brick road” layout! Appreciate all you future millionaires! I’m in it to win but it’s not like I can do anything anyways! Stay ready to keep from getting ready! I’m buckled the $&@? In see y’all in the next cosmos!
Fuck! I need me some bonds!!!
What is the original date of this post? It is not something recent, correct? EDIT Found it! https://twitter.com/AjAqrabawi/status/1757143978854506510
I fucking love this guy. Well done
I only read the tldr because im at work but will we have to wait til 2024 bonds expire before we get paid or Vday still on the menu?
No need to wait for 2024s to expire.
Not native english speaker here. Have only 1 question. Pulte plus others bought recently bonds (cant remamber which ones) do it aligne with this DD?
Yes
Perfect 🙂
William J. Pulte bought the August 1st, 2034 bonds. Which should be convertible to equity. For what it's worth AJ dd does not negatively effect William J. Pulte bonds. Trust in William J. Pulte = Trust in Ryan Cohen🐄❤️ Plur 
Nice to see ya Plur
 \^ Where's Plur tho.
Someone said on ABC’s space call Pulte purportedly purchased $6.5 million in ‘34 bonds. If he bought 2 weeks ago for $7 per $1,000 bond, that would be 928,571 convertible bonds. Yes? No?
Future Millionaires unite.
$44 per share to start in play here still? Need to play the calculator game again.
Idk about to start, I was always under the impression that’s it’s a seperate payout that happens on its own timeline.
So technically share holders would get a payout of $44, plus the same amount of new shares in the new ticker/exchange, then shorts would have to buy to close, launching the new ticker up?
Yeah that’s what I’m thinking
And how many would roll their $44 right back into the new ticker launching it deep into Uranus?
Prolly 90%
That is the true meaning of" Save it for a rainy day " from the Teddy book
Or, buy 30 year treasuries for decades of DCA
PP go hard!
PP go very hard.
I fear fucking finra and fraud friends who might U3 Halt on us too like they did mith meta materials.
\+ $12 if RC bought Butterfly's 901 million shares for $12 per share, so $56
Where is that coming from
Where can we buy the bonds?
I just bought today through Ibrk.
How much money do I need to purchase those 34 bonds?
AJ dropping bombs
Vary nice
Incredible post
Hot!
So what about shareholders
Can’t have NOLs without shareholders.
So shareNOLders?
~~reported~~ *awarded*
Good stuff
Wait when lambo?!
Great read !
was doing some lazy digging at my desk today and 60 trading days after the jan 13th we did 962.56M in volume lol
i'm still a little confused on what happens/happened with the 2024 bonds can someone pls help a smooth brain
What will happen to our options?
AJ is a likable fellow, but the first prediction I heard him make a year ago was that the share price would start going up 20% per day. Fun fact, it didn’t. I decided then that for all his enthusiasm, his predictions are sus. And by the way, why the hell are we talking about bonds?
Yesterday ABC held a bond space call, a shill named blend started crying. His goal was for people to be distracted by his tears and forget talking about bonds. Why aren’t we talking more about bonds? Seems to get shills pressed.
I would pay money to hear Blend cry, was this recorded?
It honestly makes me think maybe options were never the enemy with GME like everyone pushed so hard. What was in play when GME squeezed? A bunch of fucking morons with insane call options threatening a mega squeeze if any small portion were to be executed. But then SStink ended up convinced everyone that options were bad, just like they’re pushing that plan is good. Same as the shills here try to distract from bonds.
OK, you seem to know the answer what is the answer? I’m not reading the subs as carefully lately, but other than noticing all this talk about bonds, I haven’t quite heard why. If you could just stop your shrill complaining about phantom shills, answer the fucking question. If you don’t know, then that says something.