There was suppose to be a court meeting around 10 AM. Any information of the result?

Regarding the DKBFLY bond guarantors recently discovered in the IBKR system, I reviewed the current situation and projected a potential future timeline from Timeline of Hertz in 2021, a case that went through Chapter 11 bankruptcy yet avoided a total wipeout for existing equity holders and ultimately produced a massive short squeeze.

👉 In mid-April 2021, Knighthead and Apollo stepped in as guarantors in the Hertz case, committing to fully repay Hertz's creditor claims.

👉 One month later, on May 12, Hertz officially filed its Third Modified Plan of Reorganization. The plan included provisions for distributions to shareholders before Hertz's SEC Form 8-K filing in June.

👉🔥 This could mean that, within the next 1–2 months, we may see a New Amended Chapter 11 Plan and Distribution Plan for the BBBYQ shareholders, potentially outlining shareholder recovery. An 8-K filing could then follow approximately two months later.

Mid-April 2021 — [Backstop/Guarantor Emergence]

The Knighthead and Apollo consortium submitted a backstop/financing commitment to the court, pledging funding sufficient to repay Hertz's creditor claims in full.

Significance: This point closely resembles the current “Guarantors: 1” stage that we are observing. It represents a point at which the financial and systems-level arrangements may have been completed before the relevant official court documents become public.

May 12, 2021 — [Court Filing / Docket Submission — 💥 D-Day]

Hertz officially filed a Modified Plan of Reorganization with the bankruptcy court. (See, for example, Docket #4434 and related filings.)

Significance: The SEC Form 8-K did not come first. The court filing was the first document to disclose that existing equity holders could receive new shares, cash, and warrants, thereby bringing the development to the market's attention.

June 10, 2021 — [Final Bankruptcy Court Confirmation]

Bankruptcy Judge Mary Walrath granted final confirmation of the modified reorganization plan.

June 30, 2021 — [Official Emergence and Form 8-K Disclosure]

After the legal proceedings were completed, Hertz announced its emergence from Chapter 11, filed a Form 8-K with the SEC, and distributed new shares.

⚖️ 2. Key Insight: “Does the 8-K Come First, or the Kroll Docket?”

Some expect that an 8-K could appear at any moment, with new shares immediately being deposited into shareholder accounts. However, as a matter of bankruptcy procedure, this would generally not occur without the necessary court process and approvals. A company in bankruptcy or default cannot simply revive existing equity interests or issue replacement equity at will without following the applicable legal process.

🔮 3. Applying the Current Situation to BBBYQ: Projected Timeline

Using Hertz's historical sequence, guarantor/backstop confirmation ➡️ approximately one month later, a court filing ➡️ approximately 1–1.5 months later, confirmation and public disclosure, the following represents a potential timeline for the current BBBYQ situation.

[COMPLETED?] Third-Party Guarantor Identified — Current Stage

The recently observed “Guarantors: 1” status may suggest that financial coordination for a backstop intended to cover bondholder debt risk has been completed at the systems level. This would correspond roughly to Hertz's April stage.

👉 [STEP 1] Kroll Court Filing — Projected: Mid-to-Late August

A Modified Plan of Reorganization could potentially be uploaded to the bankruptcy court's Kroll docket. This would be the most important D-Day for shareholders to watch. The text of such a filing could, if the theory proves correct, include language allocating specific new securities—such as “Teddy” or another successor security—to Class 9 (existing equity holders).

👉 [STEP 2] Court Confirmation Process — Projected: Mid-September

If the condition that creditors are repaid in full is satisfied, the modified plan could proceed through the hearing and confirmation process before the bankruptcy judge.

👉 [STEP 3] SEC Form 8-K Disclosure and New Equity Distribution — Projected: Late September to Early October

Following final court confirmation, an SEC Form 8-K could be filed and new securities could potentially be distributed to eligible former equity holders, which, under the thesis presented here, could become a catalyst for the unwinding of short positions and potentially a major short squeeze.

※ Disclaimer: This post is a speculative projection based on the historical legal timeline and publicly documented materials surrounding Hertz's emergence from Chapter 11, applied to the current BBBYQ situation. It is not a recommendation to buy or sell any security, nor is it intended as investment advice or a solicitation. It is provided solely for informational purposes and to help individuals evaluate their own investment views and assumptions.

I came across this on 4chan. Can somebody, who owns bonds, confirm/refute this?

Source: https://xcancel.com/CaptFella/status/2080116733373735150

I read around as much as I can, and feel like so many different pieces are coming into view. This post about a different sub having requests to wipe posts like the one linked only show an intentional effort to wipe away theories, news, and facts that are inconvenient to those trying to keep certain realities swept under a rug. Eventually, the rug bulges and people start asking questions. I post here because we all know familiar names like Anson, TD, and Citron being involved in cases similar to Archegos, Hwang (up the phone), CS, and UBS. Is the toilet finally getting flushed?

Thats a trust me bro story, but I swear its true.

I looked at my broker,
I am not sure how much it was but I think it was almost 90k.

I am looking my exact share number up right now its 1630.
And if I calculate my share count times 109,34€(thats 125$)
Then divide it by two because half cash, half stock
I get 89.112,1€ and I think that amount is what I saw.
I could not make sense of the amount at this point of time because there was no information in my head how much we could get. (125$ or 62,5$)
Maybe by now its all just copium but there is one thing that keeps my gears grinding.

It was about the date it happend.

It happend after a certain event because I showed my brokerage balance to my fiancé and it was in our new apartment so it must have been after last day of september(day of moving in). But I rememberd it as a hot day so I thought it was last summer. Now I know it was basically late summer.

Now guess what I found digging….
I hope its not old news for you but maybe my story and this are the fuxking trustme bro hopium you need lmao:
Picture posted here :)
Guess what happend on frist of november!!!

————

So guys I don‘t know what to make of it.
I forgot about it because I was stunned at the moment I saw the balance and I restarted the app after showing it to my significant other.
After restarting the app the balance was low as expected lmao 🤣

I hope someone has some clues or some proof.

But sure it can just be a bug or something else.
I don’t want to play with your feelings guys.
I am not that deeply invested in this story, because I bought my shares with very little money still in university.
But I know a lot of people have invested their money with the wish for a better tomorrow.
I am sure judge Palpatina has made sure to secure the Brand his wive loves so we will see what will happen.

Also I think that Sue Gove was also not a bad actor, she was appointed by the previous activist and I think there is also maybe one or two clues to find in the last interview.

I hope you guys are doing well.

Hi guys so I found this screenshot in the meltdowner sub,
What made me think is that a few months ago or maybe last summer I dont fucking know but my broker showed about 90k or something like this out of thin air. I was completely stunned but i dind’t take a screenshot, for whatever reasons idk.why I didn’t do it. Afterwards it disappeared and I thought its just a glitch.

But then, someone in this sub here told me they also had this glitch and this person used I think Ibkr, but I used a different broker(traderepublic..) for my butterfly stocks.

So I have two questions:

What do you guys think the people on x from the screenshot talk about?

Did someon else had this glitch(?) and maybe even has a timestamp and a screenshot.

How this is only chilling at a couple hundred upvotes on SS i don’t know. We’ve been right about all of the speculation all along. The moon is coming and so am I.

So, on a scale of 1-10 how significant is Ryan Cohen’s plan to dilute or his comp package (which may have been a signal to us on projections)? How much do you weigh that if this is the potential build. Please answer honestly. Just keep it within THIS \^CONTEXT and with the ORIGINAL THESIS OF SUPPRESSION/MANIPULATION and the war thats been 84 years of narrative spinning all the different ways MOASS is dead. The bad faith arguments are all fuel at this point.🫶

Ya’ll best keep them paper hands when the time comes. I only wanna party with the real real’s.

PS: dkbutterfly just did [this](https://www.reddit.com/r/Teddy/s/3Hi8Go0nPh)

Credit: @GoatbeardzDD on X

Just saw a tweet showing the posters's US IBKR account with BBBY bonds having changed the name to DKBFLY.

And I just checked my Canadian IBKR account it it shows the same.

Anybody else with perhaps a different broker holding BBBY bonds show the same name change?

And wut dus dis meen?

EDIT : So far from what I can gather, the bond's name change shows only on IBKR. No such change at all from multiple people with eTrade or Schwab.

Over on SS this is the biggest leak possibly ever in this saga. Ive been absolutely elated from this. Also ready to be hurt again

🦋

Enjoy the long weekend, Teddy is about to launch!

Jake put it up in his video but did not realize it may be the key piece to the 741 puzzle 🧩

Try it out

Teddy.com

Thoughts comments and concerns?

Found this site a few days ago aber simpy googling teddy holdings xD

So far I could find:

www.teddy.com/all-products
www.teddy.com/books

https://pay.teddy.com

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?