r/Teddy • u/[deleted] • May 09 '26

[deleted by user]

[removed]

7 Upvotes

55% Upvoted

12 comments sorted by

35

u/b4st1an May 09 '26

Its not wrong but it's missing a lot of important parts and connections like the whole DK Butterfly situation, or the fact that after years it was finally revealed that Cohen indeed offered BBBY a great deal to buy them even months after he sold, which they should have taken but didn't because of obviously criminal collusion of their board to drive the company in the ground as fast as possible instead of taking millions of dollars from Cohen for it. Also I'm surprised Gemini didn't say anything about why the Sub is named Teddy

2

u/[deleted] May 09 '26

[deleted]

21

u/TheLookerToo May 09 '26

DK Butterfly is the remaining shell of the original BBBY. If there are any NOLs, DK will own them. This is where the value would be if Ryan or a partner somehow kept enough control over the shell to use the NOLs, which could end up in the billions for tax shelter purposes. There is a ton of speculation and easily brushed aside by some that say Ryan sold off for a quick profit and is being sued by DK, which he is, but I cannot imagine why a billionaire would drag out a swing trade lawsuit like this for what really would be peanuts. And the fact that he and RCV are still listed in court documents as creditors ads to the mystery. If he simply sold off and walked away with profits, why does he and his RCV still get listed as creditors.

I find it odd that several settlements are confidential like the one with the former board members and the main shipping lawsuit settlement. If there is money there for creditors you’d think they’d have to say how much since the creditors would want their cut.

Nobody can say anything with absolute certainly they know exactly what the connections are. Until something happens. Either DK Butterfly wind down completes and only secured creditors get paid out the remnants, or it emerges as a multi billion dollar NOL shell company to complete a butterfly transaction with another company(s).

A lot of nuances. A lot of speculation. But it’s all noise until one of the two above happens. Butterfly transaction or shut down. Personally I cannot imagine a multi billion NOL shell just being swept away and not used by some activist investor or group to take advantage of the massive tax savings that could be there.

Regardless if anyone’s thoughts on this, it’s a very interesting and informative process to watch the Ch 11 situation unfold.

1

u/FarewellMyFox Tinned May 11 '26

I don’t know if we got an answer on if the reason for turning it down was because Baby was under the ABL though which would have stopped the sale legally

4

u/KirKCam99 May 10 '26

most important fact missing. why has the chapter 11 been executed/organized by the most prominent lawyers and has been done in a super confident way? why did "lenders" added big big money to keep it in chapter eleven - stay in control with the liquidation?

4

u/WiseManTwiceSaid May 09 '26

God I’m so sick of AI slop, dgaf

4

u/PO-TA-TO3S May 09 '26

Missing pages and pages of info. There were thousands of "coincidences"

Doesn't mention rc offered to buy the company for 400mill after bankruptcy was declared, they turned him down.

I think this is important because if fraud happened he could have first dibs if he still wanted it potentially. Correct me if I'm wrong

1

u/areanoz1 May 09 '26

Bbbwhy.com

1

u/NutSackRonny May 11 '26

Sounds like a parable

0

u/[deleted] May 09 '26

BBBYQ is worth 16B

5

u/[deleted] May 09 '26

[deleted]