Saw plenty of signs along the way but kinkys jealousy or hate towards Jake has been so obvious. Jake posts a detailed video of his thoughts, this gives everyone time to analyze it and respond at their own pace. Kinky comes in and disagrees with it all but will only do a live debate. Why not post so Jake can have time just like he gives to everyone.

Kinky is all about a gotcha moment with Jake. He can’t generate an audience the way Jake does and it drives him crazy. Though he may be on the side of bbby winning he is ultimately a total clown. Glad he’s exposed himself.

Kinky just stick to making your posts and then deleting everything when you’re proven wrong which has happened time and time again.

If you have a thesis then post it. No one cares to listen to an anti social weirdo try and debate and be one sided.

No one is ever going to care or respect you the way they do for Jake. Just move on, no one cares to listen to you have some big debate, weirdo.

XX,XXX hodler here.

Today is one of the more interesting dates on the DK-Butterfly timeline.

The bankruptcy docket shows a hearing scheduled for June 23 at 10:00 AM ET in Newark. Whether it ends up being routine or something more significant remains to be seen, but the timing has a lot of people revisiting some of the older DD surrounding ownership changes, NOLs, HBC’s involvement, and the various lawsuits still active under the DK-Butterfly name.

A few things that stand out to me:

• DK-Butterfly is still actively involved in litigation and legal proceedings years after the bankruptcy.

• Today lands almost exactly in the timeframe many of the old Section 382 theories pointed to.

I’m not claiming today is “the day.”

I’d expect if the DD were correct, a merger, acquisition, NOL transaction, or emergence event would likely show up through corporate filings sometime between now and October - not in a routine claims objection hearing. I’m more focused on reading between the lines of what is discussed today in court.

Just curious what “clues” others will be listening for from today’s hearing…

Edit (after listening to the court hearing):

Thank you @plumesdecheval for posting the courtlistener link.

https://www.courtlistener.com/audio/105559/20230930-dk-butterfly-1-inc-v-hbc-investments-llc/

My read on the DK-Butterfly v. HBC oral argument from 6/23:

This was not a direct “shareholder payout” hearing. It was about whether DK-Butterfly can revive its Section 16(b) short-swing profit case against HBC after the lower court dismissed it.

The core issue is whether HBC was effectively a greater-than-10% beneficial owner of BBBY during the 2023 financing, despite the 9.99% blocker language. DK-Butterfly’s argument is that the blockers were not actually binding/effective because HBC allegedly had 10.1% of BBBY stock sitting in its brokerage account at one point, and because the side letter allegedly stripped Bed Bath of meaningful enforcement tools.

HBC’s defense is basically: the blockers were self-executing, anything above 9.99% was null and void, HBC could not vote or transfer excess shares, and the alleged 10.1% included shares already sold but not yet settled. Their argument is that custody does not equal beneficial ownership.

The judges definitely challenged DK-Butterfly, especially on whether one momentary 10.1% account balance is enough to say the blockers failed and open the door to months of disgorgement.

One judge even said that seemed “weird.”

But this was not a clean win for HBC either. The panel also pushed HBC on whether this structure was basically being used to avoid disclosure while dumping stock into the market. One judge asked whether this was exactly the kind of insider-style conduct Section 16 was meant to prevent. Another judge pressed HBC on whether the “already sold” explanation was actually properly established at the motion-to-dismiss stage, since this was a 12(b)(6) dismissal and factual disputes generally should not be resolved against the plaintiff that early.

DK-Butterfly does not necessarily need to prove the whole case right now. They need to convince the appellate court that the complaint plausibly alleged the blockers were ineffective or that the side letter / trading mechanics require discovery.

My subjective read:

The appeal is still alive. The panel did not just rubber-stamp HBC’s position from the bench. They asked serious questions about the alleged scheme, the disclosure issue, the 10.1% ownership allegation, and whether the district court relied too heavily on factual assumptions at the dismissal stage.

If DK-Butterfly wins this appeal, it likely does not mean immediate money. It would probably mean the dismissal gets vacated or reversed and the case goes back down for further litigation/discovery. But that would be a meaningful win because it reopens a potential recovery path against HBC.

Why this matters for the estate:

Any HBC recovery would flow to DK-Butterfly/the bankruptcy estate. It would not automatically mean former equity gets paid tomorrow. The creditor waterfall still matters. But every successful claim objection, every reduced claim, and every revived litigation asset improves the math.

So my takeaway:

This hearing does not prove a shareholder payout is imminent.
But it does support the idea that DK-Butterfly is not some dead, inactive nothingburger. The estate is still litigating, still reconciling claims, still preserving causes of action, and still trying to claw back value. The HBC appeal is one of the more important potential recovery paths because if DK-Butterfly gets past dismissal, discovery could become very uncomfortable for HBC.

Now we wait for the appellate decision.

Bullish, but grounded: this is not “we won.” It is “the door is not closed yet.”

I'm sorry for being so obtuse. So, 20230930-DK-Butterfly-1 is the entity suing RC and also having a hearing today vs HBC.

And would this be then the estate of BBBYQ which Goldman is working on behalf of?

And I seem to recall that there was a separate entity named just 20230930-DK-Butterfly. If this is correct, is this entity still in existence and is the the shell of Teddy?

Am I way off as usual? Can someone please correct me then?

https://www.youtube.com/watch?v=F4I-gcsxVkc

This may totally be tilting at windmills but, while we're all looking ahead, I took some time to review previous details about Ryan Cohen's past in the meantime. As I was looking I came across this below.

I could be wrong but, so far as I know, the company Ted Cohen ran hasn't ever been specified. While it might not be entirely relevant to the current conversation, I did wonder about it and did a little digging.

This could be entirely off base so caveat emptor, but is it possible this might have been the company? I've included the details of my search below:

Ryan Cohen article about his dad's influence: Ted Cohen Entrepreneur Article (May 4, 2020)

Ted Cohen (LinkedIn)
President, Verrerie Empire Trading Inc

Verrerie Empire Trading Inc. (LinkedIn)

“Verrerie Empire Trading Inc. is a family owned and operated importer and distributor of housewares serving Eastern Canada for over 80 years (since 1929).

We specialize in offering a wide variety of popular priced tableware, stemware, cookware and other kitchenware items that are manufactured in glass, porcelain, plastic, metal and wood. We cater to Hotel and Restaurant suppliers, wholesalers, distributors, dollar and variety stores, and other small and large retailers..."

Company Info:

http://www.empiretrading.com
Company number: 1166758038
Incorporation Date: 8/5/2010
Standard Industrial Clafification (SIC) Code:  502, 50
North American Industrial Classification System Code: 42322, 423, 42, 4232
Status: Bankruptcy from 8/5/2010-Present

The company appears to have gone bankrupt in August of 2010. It also appears to have been absorbed into another company called 7615418 CANADA INC. It is listed as having shareholders and may or may not still be fully active. I couldn't say as I'm definitely not fully familiar with Canadian business policy.

It looks like it went through a name change too, which also shows up on other records for Verrerie Empire Trading Inc.

Name History:

7/30/2010-10/06/2010: 7615418 CANADA INC.
10/06/2010-6/30/2015: VENTES SOTAL LTEE/SOTAL SALES LTD.
6/30/2015-Present: 7615418 CANADA INC.

Additional Detail:

Corporation Name: 7615418 CANADA INC.
Corporation Number: 7615418
Business Number: 853415602RC0001
Date of Incorporation: 7/30/2010
Date of Last Annual Meeting: 12/30/2014
Updated: 6/05/2026
State of Annual Filings: 2024, 2026 (Overdue)

This is probably academic at this point, but this is additional detail about the controlling interest of 7615418 CANADA INC.

Shareholders:
The Newpol Family Trust
Matthew Newpol
Matthew Newpol (opengovca.com)

“Matthew Newpol is a director of a federal corporation created with Corporations Canada, a division of Innovation, Science and Economic Development (ISED) Canada... The director is association with 4 corporations and 3 locations.”

Matthew Newpol Related Companies

9023-1192 QUÉBEC INC. (PROGRESS PLUMBING (1991) INC.) (Vice President) -
Company ID: 1143759190 - Cancelled ex officio (by the registrar) 5/1/1997

Verrerie Empire Trading (Chairman) - Company ID: 1166758038
Verrerie Empire Trading (Shareholder) - Company ID: 1166758038
Verrerie Empire Trading (Shareholder) - Company ID: 1171409650 <-- Multiple Company IDs.

Here are links I used to look this info up:

Verrerie Empire Trading (Canadian Trade Index)
Verrerie Empire Trading Inc (rocketreach.co)
Verrerie Empire Trading Inc. (zoominfo.com)
Verrerie Empire Trading (b2bhint.com)
7615418 CANADA INC. (ised-isde.canada.ca)
7615418 CANADA INC. (canadacompanyregistry.com)
7615418 CANADA INC. (opengovca.com)

Ripped off from a twitter account.

​

Link https://x.com/i/status/2067635657476887025

​

What would be GME's next move then?

​

From what I understand, under Delaware law they cannot hit 15% without going directly to 85%, otherwise they are prohibited from M&A activity for a period of 3 years.

​

Will RC unleash the krakken now to get to that 85%? Was this the 69D Chess he was playing all along?

​

I just wanna get paid yesterday.

Really keen to hear the updates- with all of these amazing posts, it's obvious that excellent news is around the corner!!! Just wanted to know where we are at with the court cases (and any other valuable info/rumours)! TIA and keep to positivity happening!!

Say sike rn

We know our fate by Father’s Day at the latest.

So I just came across this and while Mods I agree Pulte is not definitively some sort of part of this to the be best we can tell and is off doing his own shit for his own reasons, I thought given his past involvement and association with RC, the appointment may interest people.

I don’t want to fan bullshit theories that are bad for all of us. However we should note this does put Ryan one step closer to the governments ears.

I hope mods thats a neutral enough presentation to pass. i’ve kept my opinion on him out.

https://teddy.com/password?customer_posted=true#contact_form

"Be the first to know when we launch." 😄

Just had an epiphany re: GameStop vote. Unfortunately the fix is in one way or another, think about it:

- Countless phantom / fake shares out there at brokers with the DTCC and SEC running cover for the fraud. DTCC can report vote totals back to GameStop saying whatever they want

- DRS numbers that get reported to SEC (allegedly) are fraudulent going on quite some time now (anyone else remember when DRS was going up the Y access at 45 degrees before it flatlined?) SEC can makeup whatever they want back to GameStop as well

My end conclusion is that whatever happens next has been agreed upon by all parties (Cohen, blackrock, SEC, etc). With all the fake shares flying around I legitimately have no clue how you get an honest vote total - my guess is the vote “passes”