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Neito posted:Everything they do is predicated on the assumption that they're already rich by buying BBBYQ stock, and everything between here and there is just logistics that will sort itself out. The idea that there might be circuit breakers, that markets could roll back transactions, that their stocks will be voided in a bankruptcy, that "the hedgies" may themselves declare bankruptcy rather than pay "phone numbers" for their stock, the idea that the government might not backstop the debt owed to them, these are all FUD, lies, or just straight ignored. sure, but have you considered that 
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Sep 13, 2023 09:22
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I'm pretty sure Teddy, Jimmy and Towel are saying these guys are all hosed.
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Sep 13, 2023 09:28
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Teddy, Jimmy, and Towel are the answers you get when you start asking people’s names at a sex club and the third guy panics and can’t think of anything.
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Sep 13, 2023 11:15
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You’re the worst theory ever, towel
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Sep 13, 2023 13:18
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has anyone ever called it the COCKCHAIN?
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Sep 13, 2023 13:36
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Vesi posted:sure, but have you considered that That wambo-combo line is pretty telling about how they think they're playing a video game.
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Sep 13, 2023 13:52
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Checking in on BBBY, the after-market trading brought the stock to $0.16 and there are signs the stock is being delisted and moved to the expert market. The apes are getting ramped up about the Lambos they will buy tomorrow when they MOASS.
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Sep 13, 2023 14:11
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Cyrano4747 posted:That wambo-combo line is pretty telling about how they think they're playing a video game. You have to keep hodling until you fill your power bar and can perform a limit break at which point every consecutive attack gives you a lambo.
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Sep 13, 2023 14:24
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the wambo-lambo
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Sep 13, 2023 14:41
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It's so interesting watching this play out in real time. If studying doomsday cults has taught me anything, it's that the sense of community will override reality past when it's obvious to everyone else they were wrong, and the thing will subtly shift into some new religion, and then you get people handing out free copies of Watchtower in front of the post office.
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Sep 13, 2023 15:07
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Cyrano4747 posted:That wambo-combo line is pretty telling about how they think they're playing a video game. And not a good one either. Like a match three with gacha.
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Sep 13, 2023 16:01
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https://twitter.com/web3isgreat/status/1701984183919214807/photo/1 mila kunis out here defending rapists and scamming crypto nerds.
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Sep 13, 2023 16:54
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Vesi posted:sure, but have you considered that is this parody? I don't check this thread enough to know if those are all real things, and they don't sound like real things.
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Sep 13, 2023 16:58
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Scratch Monkey posted:You have to keep hodling until you fill your power bar and can perform a limit break at which point every consecutive attack gives you a lambo. I have a genji glove, that gives me double Lambos No not a new one from FF16, I have an old one from FF6! It lets me attack twice! MOOOOOMMM
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Sep 13, 2023 17:04
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Rubellavator posted:is this parody? Any sufficiently advanced stupidity is indistinguishable from parody
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Sep 13, 2023 17:07
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reverse merger of towel
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Sep 13, 2023 17:09
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I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock.
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Sep 13, 2023 17:13
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*checks email*, see crypto spam. Huh, what's this? changelly spam posted:Navigating the Stablecoin Galaxy changelly posted:Tether, often dubbed the "digital dollar," is the world's most popular stablecoin, offering stability through its one-to-one peg to the US dollar . With Tether, your crypto holdings remain as solid as a greenback in your wallet. USDC Beyond the humor of this being basically full of poo poo, the bold is in the original. Especially the TrueUSD one that I believe is being seized from Binance, if I recall. I haven't even heard of STASIS EURS but I would say EURS is an immediate choice to avoid at all times. Just like the rest of them. edit: who the gently caress comes up with this naming anyway, stasis eurs? is it pronounced like "yours" if you have marbles in your mouth?
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Sep 13, 2023 17:14
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Serious_Cyclone posted:I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock. Ryan Cohen will save us.
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Sep 13, 2023 17:18
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Vesi posted:sure, but have you considered that A company (let’s call it Teddy) normally conducts an IPO in order to raise funds now. A consequence is that a some of its future profits will get paid to the shareholders created by that IPO. However, in this fan fiction apparently the IPO money raising stage gets skipped by simply acquiring a worthless shell (let’s call it Towel) which has pre-existing shareholders. Clearly Teddy is run by the sort of innovative financial geniuses who are poised to create the next Amazon.
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Sep 13, 2023 17:22
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Dial A For Awesome posted:A company (let’s call it Teddy) normally conducts an IPO in order to raise funds now. A consequence is that a some of its future profits will get paid to the shareholders created by that IPO. However, in this fan fiction apparently the IPO money raising stage gets skipped by simply acquiring a worthless shell (let’s call it Towel) which has pre-existing shareholders. The ape lore here is that they would do this so they can carry over the net operating losses of Bed, Bath, and Beyond and thus get tax breaks. Never mind that those NOLs, even if they could carry them over (they couldn't), are worth far less than the debt. Some of the particularly dumb apes seem to believe that they can first cancel the debt, paying debtors pennies on the dollars, and then swoop in and buy a now debt-free stock with NOLs. Which is obviously a thing that can't happen and you'd have to be really dumb to think it could, since it's in "one weird trick debtors hate!" territory.
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Sep 13, 2023 17:25
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Odd how they think someone can cancel a debt and only have to pay pennies on the dollar while at the same time they're convinced that their stocks 100% guarantee them infinite money even if the government has to come in and pay for it with tax payer money
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Sep 13, 2023 17:27
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notwithoutmyanus posted:Beyond the humor of this being basically full of poo poo, the bold is in the original. Especially the TrueUSD one that I believe is being seized from Binance, if I recall.
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Sep 13, 2023 17:32
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Boxturret posted:Odd how they think someone can cancel a debt and only have to pay pennies on the dollar while at the same time they're convinced that their stocks 100% guarantee them infinite money even if the government has to come in and pay for it with tax payer money No, see the people who own the debt are paper handed fools who will accept a predatory offer to settle the debt for pennies on the dollar. Meanwhile the apes, as diamond handed ubermenchen, will refuse all attempts to settle the account for less than infinity dollars, and as a result will bring the entire financial system to its knees and all of them will become oligarchs getting lambos and hot women for all eternity in stock holder valhalla. Seriously, this is what they believe. The tl;dr of their MOASS is "we will all stand firm together (APES TOGETHER STRONG!) and refuse attempts to buy us out once the squeeze happens, and this will force them to give us all the money." This is also why they are so derisive of people who got out of poo poo like GME at its peak, because they're the traitors who betrayed the movement in order for a (paltry, much smaller in their eyes) financial gain. If this sounds an awful lot like a bunch of serial bag holders trying to gin each other up to hold the bag for a split second longer than them because THEY are the actual intelligent ape in the room who is 100% sure he will be the one smart enough to stab everyone in the back first then, lol, congrats you're smarter than a reddit stonk enthusiast. Seriously, this should be the script to a DS9 episode, one of the goofball b-stories where a bunch of ferengi scheme and then backstab each other in a way so comical that we kind of grimace at it years later.
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Sep 13, 2023 17:35
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Blotto_Otter posted:diversify your portfolio by "investing" in a half-dozen different tokens that are all somehow each worth exactly a dollar, but are not dollars, and are not each other, but are definitely all worth the exact same (a dollar). This is better than just having an actual dollar, because ~reasons~ Its better than real money because it allows you to use all these bitcoin services that aren't allowed bank accounts!
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Sep 13, 2023 17:35
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Blotto_Otter posted:diversify your portfolio by "investing" in a half-dozen different tokens that are all somehow each worth exactly a dollar, but are not dollars, and are not each other, but are definitely all worth the exact same (a dollar), because ~reasons~ oh but they're backed! Bakkt! One even said backed by legally protected funds! As in, the government has seized the funds? Oh, and one is backed by euros. Surely it's a surprise that none of them are backed by Rubles, or Yuan or anything BRICS, right?
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Sep 13, 2023 17:35
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Serious_Cyclone posted:I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock. StockHodl Syndrome
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Sep 13, 2023 18:03
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Serious_Cyclone posted:I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock. I hope these kind of people don't keep guns in their house.
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Sep 13, 2023 18:51
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Impossibly Perfect Sphere posted:I hope these kind of people don't keep guns in their house. Probably not as a gun would be an asset capable of appreciating in value
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Sep 13, 2023 19:07
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Serious_Cyclone posted:I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock. Well obviously they were wrong about shareholders not receiving a dime because someone was able to sell over 60,000 shares for almost two dimes apiece!
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Sep 13, 2023 19:10
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Serious_Cyclone posted:I saw someone proudly show a screenshot where they just dropped $12K on BBBY at $0.18/share today. You watched a bankruptcy hearing, they explicitly said there was no chance for shareholders to see a dime, and you dropped $12K on more stock. Why wouldn't you? After all, they've already won  
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Sep 13, 2023 19:20
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HappyHippo posted:Why wouldn't you? After all, they've already won 
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Sep 13, 2023 19:22
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Tether is fully backed by US dollars and is therefore as safe as having a greenback in your wallet, which is an unstable central-bank-manipulated fiat currency that is about to collapse and become worthless for any use other than physical toilet paper
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Sep 13, 2023 19:33
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this must be what having already won feels like
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Sep 13, 2023 19:50
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Rubellavator posted:is this parody? No, it's real. Part of the canon right now is that there's going to be some sort of conversion of BBBYQ shares into some sort of real company that can be an actual going concern. This is not how stocks or being a functioning company actually works in any way shape or form. Dial A For Awesome posted:A company (let’s call it Teddy) normally conducts an IPO in order to raise funds now. A consequence is that a some of its future profits will get paid to the shareholders created by that IPO. However, in this fan fiction apparently the IPO money raising stage gets skipped by simply acquiring a worthless shell (let’s call it Towel) which has pre-existing shareholders. Reverse IPOs are actually a pretty common thing these days; real IPOs result in a lot of scrutiny and SOX bullshit. So you buy up some public company, merge it with the one you wanna take public, change the ticker symbol, and spin off the original company. Or something like that, IDK, I'm a computer programmer, not a sociopath.
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Sep 13, 2023 19:57
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Neito posted:No, it's real. Part of the canon right now is that there's going to be some sort of conversion of BBBYQ shares into some sort of real company that can be an actual going concern. This is not how stocks or being a functioning company actually works in any way shape or form. Reverse Mergers are a thing, since IPOs are a gigantic pain in the dick, and sidestepping that dick pain by flouting SEC rules just Makes Sense(tm). There is an entire industry of financial people creating publicly traded holding companies and then selling them to large private entities who want a seat at the public money trough. About the only thing of value left of BBBYQ is the fact that it was publicly traded, and they managed to extract like a million extra bucks from morons because of it.
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Sep 13, 2023 20:44
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Cyrano4747 posted:No, see the people who own the debt are paper handed fools who will accept a predatory offer to settle the debt for pennies on the dollar. should be? Quark did offer an exclusive invite-only pre-sale opportunity for his non fungible, highly collectible, not yet minted, dessicated remains
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Sep 13, 2023 21:31
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I'm doing a watch through for DS9 right now and every time Qwark and Odo interact all I can think of is that wonderful "They stole my apes Odo" video
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Sep 13, 2023 21:33
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Boxturret posted:I'm doing a watch through for DS9 right now and every time Qwark and Odo interact all I can think of is that wonderful "They stole my apes Odo" video That was the greatest thing to come out of the whole NFT debacle.
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Sep 13, 2023 21:33
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Trillhouse posted:https://twitter.com/web3isgreat/status/1701984183919214807/photo/1 https://twitter.com/nuggutron/status/1702008770220671080
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Sep 13, 2023 21:53
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