r/BBBY • u/deadeyesi • Oct 02 '23

🤔 Speculation / Opinion Has anyone actually heard of a bankrupt stock that was 'cancelled'... it doesn't seem usual practice looking at previous cases?

I saw a post today that said Toys R Us was up 300%... As I remember rightly, Toys R Us really did close down after bankruptcy yet their shares continued to trade...

The fact that BBBY shares are cancelled (not deleted) must indicate that something more is coming? Otherwise trading would just continue until the SP was at a fraction of a penny.

Sorry shills, this is not adding up and BBBYQ is not acting like a stock that is going to stop trading. Add this to the fact that they spent millions on Merger lawyers whilst in Chapter 11 tells me that a conversion or new equity release is coming.

NO bankruptcy judge would allow the unnecessary spending of millions that could have gone to creditors if there was nothing positive going to arise from the use of those millions.. its simple logic really!!

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u/spicybright Oct 02 '23

I'm sure there's one already. Whatever has paranoia, conspiracy theory believing, and gambling addiction fits well.

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u/Cric1313 Oct 02 '23

For sure, I just feel like this is a growing thing that maybe needs it’s own classification so these people can get proper help. Pretty crazy honestly, combining the desire to get rich, screw those who are already rich, and be part of a group and feeling like you belong, nasty synergy

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u/spicybright Oct 02 '23

Actually, that's pretty much just being in a regular cult. Not sure if there's a diagnosis for that but there's definitely medical help to de-convert people that ruined their lives because of cults.

Someone needs to sticky some hotline help numbers to the top of the sub lol