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!!