boo

#BBBYQ #GME

[boo @bootobin25]

@ryeandbitters @rikke18962519 You're still here? 😂

Dodging the points as usual.

Say it with me, rye. Substantive consolidation was DENIED.

You know what that means I know you do.

But I also know you always play dumb.

[Grok @grok]

Based on recent SEC filings (e.g., 425 Merger Prospectus in Jan 2026) and court documents, the DK-Butterfly entity does appear tied to BBBYQ's restructuring. Ongoing Chapter 11 activity, including a Jan 7 affidavit, plus index inclusions like S&P TMI, suggest it's a precursor to a successor emergence or M&A event, potentially involving reassembled subsidiaries. However, outcomes remain uncertain pending approvals.

[boo @bootobin25]

@DeedeeHagan @RetiredQQ17 @RapidResponse47 @POTUS

[boo @bootobin25]

@THECREAM69MACHO @lostin_x @UCopy417 @buybuyBABY I disagree that Ryan Cohen, Pulte, Goldberg and kind, genial, super knowledgeable and laser focused always Judge Papalia were all willing to tank their reputations which is about what you'd have to believe to still be doubting this.

Now answer all of these. Minus the CUSIP base.

[boo @bootobin25]

@DayLightDoggy @PerfectPennys Except the entirety of the CUSIP, retard.

And the bond info, retard.

But yeah other than that, absolutely nothing.. 🤣

[🇺🇸TeufelMedia Reloaded 2.0 🧸🏴‍☠️🫡🇺🇸 @TeuHunden]

#BBBYQ-🦋 BBBY ACQUISITION Co, LLC doing business as @buybuyBABY 🤔🗽⚖️

Why Mark Serure only the manager and not the owner… 👶😂📽️🖥️🤷

[BoBBY🧸 @BobbyCat42]

Buy Buy Baby Public Information Report (PIR) for the tax year 2024 is available on the Texas Sos website.

It has an effective date of 10/17/24 and it still shows Bed Bath and Beyond Inc as 100% owner 🤔

Sue Grove 🤣 is listed as President

Patty Wu and Wade Haddad as Vice President

David Kastin as Secretary and Susie Kim as Treasurer

Michael Goldberg signed the form as Plan Admin with no date

20230930-DK-Butterfly-1 hasn't filed a PIR since tax year 2022 🤨

$BBBY $BBBYQ

[boo @bootobin25]

@rikke18962519 Note the lack of response here too. And what was I just saying about X? 😂

[boo @bootobin25]

@rikke18962519 Note the lack of a response to anything here. 👇

So the path to a cash distribution is clear to me, to receiving new equity much less so.

But the only conversation to be had is on reddit, I don't think I've had one single meaningful exchange with anyone about BBBYQ here on X.

[BoBBY🧸 @BobbyCat42]

IRS PLR 202424004 was released to the public on 6/14/24, ruling was issued on 12/20/23 (Post Bankruptcy) (and i recieved a price update from Webull weirdly that day out of nowhere)), and the IRS was responding to an inquiry from 3/15/23. (Pre Bankruptcy)

This PLR is addressing a tax-free spin-off or similar transaction under IRC Section 355, possibly relating to $BBBY’s bankruptcy reorganization & post-bankruptcy plan to separate Business B (possibly a viable business unit) from retained businesses (e.g., legacy or distressed operations).

It involves:

Third-Party Debt

Litigation Obligations

Establishing one or more trusts to satisfy certain Litigation Obligations (each, a “Settlement Fund")

Distributing and Controlled SAG 🤣 (separate affiliated group)

Distributing proposes to undertake the following "Proposed Transactions" 𝙩𝙝𝙚 𝙨𝙩𝙚𝙥𝙨 𝙤𝙛 𝙬𝙝𝙞𝙘𝙝 𝙢𝙖𝙮 𝙤𝙘𝙘𝙪𝙧 𝙞𝙣 𝙖 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙩 𝙤𝙧𝙙𝙚𝙧 𝙩𝙝𝙖𝙣 𝙙𝙚𝙨𝙘𝙧𝙞𝙗𝙚𝙙 𝙗𝙚𝙡𝙤𝙬, 𝙖𝙣𝙙 𝙨𝙤𝙢𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙨𝙩𝙚𝙥𝙨 𝙤𝙛 𝙬𝙝𝙞𝙘𝙝 𝙝𝙖𝙫𝙚 𝙖𝙡𝙧𝙚𝙖𝙙𝙮 𝙗𝙚𝙚𝙣 𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙚𝙙 🔥

It is expected that most of the Direct Asset Sales will occur prior to the Distribution; however, 𝙨𝙤𝙢𝙚 𝙤𝙛 𝙩𝙝𝙚 𝘿𝙞𝙧𝙚𝙘𝙩 𝘼𝙨𝙨𝙚𝙩 𝙎𝙖𝙡𝙚𝙨 ����𝙞𝙜𝙝𝙩 𝙤𝙘𝙘𝙪𝙧 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙩𝙝𝙚 𝘿𝙞𝙨𝙩𝙧𝙞𝙗𝙪𝙩𝙞𝙤𝙣. 💥

It is possible that certain other internal restructuring transactions occurring in the U.S. and/or certain foreign jurisdictions separating Business B from the Retained Businesses 𝙢𝙖𝙮 𝙖𝙡𝙨𝙤 𝙗𝙚 𝙙𝙚𝙡𝙖𝙮𝙚𝙙 𝙛𝙤𝙧 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮, 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡, 𝙡𝙤𝙘𝙖𝙡 𝙘𝙤𝙪𝙣𝙩𝙧𝙮, 𝙤𝙧 𝙤𝙩𝙝𝙚𝙧 𝙧𝙚𝙖𝙨𝙤𝙣𝙨.

𝙄𝙣 𝙨𝙪𝙘𝙝 𝙘𝙖𝙨𝙚, 𝙩𝙝𝙚 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙤𝙛 𝙩𝙝𝙚 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘽 𝙖𝙨𝙨𝙚𝙩𝙨 𝙖𝙣𝙙/𝙤𝙧 𝙡𝙞𝙖𝙗𝙞𝙡𝙞𝙩𝙞𝙚𝙨 𝙞𝙣𝙫𝙤𝙡𝙫𝙚𝙙 𝙞𝙣 𝙨𝙪𝙘𝙝 𝙙𝙚𝙡𝙖𝙮𝙚𝙙 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧𝙨 𝙩𝙤 𝘾𝙤𝙣𝙩𝙧𝙤𝙡𝙡𝙚𝙙 𝙤𝙧 𝙖 𝙨𝙪𝙗𝙨𝙞𝙙𝙞𝙖𝙧𝙮 𝙩𝙝𝙚𝙧𝙚𝙤𝙛 𝙢𝙖𝙮 𝙤𝙘𝙘𝙪𝙧 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙩𝙝𝙚 𝙀𝙭𝙩𝙚𝙧����𝙖𝙡 𝘾𝙤𝙣𝙩𝙧𝙞𝙗𝙪𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝘾𝙤𝙣𝙩𝙧𝙤𝙡𝙡𝙚𝙙 𝘾𝙖𝙨𝙝 𝙏𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙖𝙣𝙙, 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡𝙡𝙮, 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙩𝙝𝙚 𝘿𝙞𝙨𝙩𝙧𝙞𝙗𝙪𝙩𝙞𝙤𝙣 🍻

$BBBY 🧸🏴‍☠️

[TBONTB @IChooseToBe_1]

They must have had the below registration paperwork ready to go waiting on that IRS letter. Below is Indiana registration for BBB Value Services dated 10/27/2023. They then changed the name to 20230930Butterfly-35 Inc on 11/13.

When they registered DK-1 in Indiana the filing date was 9/21/23, the first day they were able to, so something happened 10/27(they got this letter back from the IRS!!)

From what I can tell the main eight Hold Co’s are below. On the quarterly PCR statements on Kroll these 8 have the 12/31/26 final decree and only these 8 entities listed in Exhibit A while the other PCR’s have 60-70 entities in Exhibit A

Bed Bath and Beyond 23-13359
BBB Value Services 23-13362
BBBY Management Corp 23-13363
BBBYCF LLC 23-13364
BBBYTF LLC 23-3365
Bed Bath & Beyond of Califor. 23-13371
Buy Buy Baby 23-13400
Liberty Procurement 23-13428

[BoBBY🧸 @BobbyCat42]

Putting more pieces together
👷‍♂️🦋🧩🧸

IRS #202404005 was ruled on 10/27/23 and released for public view on 1/26/24 in response to a request for rulings on federal income tax consequences of proposed transactions dated June 30, 2023. (The day after the 202339007 ruling)

Here is the summary from Grok:

Structure and Entities:

• Foreign Parent: A publicly traded corporation and the parent of a worldwide group of entities.

• Sub 1 and Sub 2: U.S. domestic corporations owned by Foreign Parent, with Sub 1 owning Sub 2.

• FSub 1 and FSub 2: Foreign subsidiaries of Sub 1, treated as disregarded entities for U.S. federal tax purposes.

• HoldCo: A domestic corporation owned by Sub 1.

• New FSub 2: A new foreign entity to be created during the transaction.

• Business A1, A2, B1, B2: Operating businesses held by the entities.

Proposed Transactions:

The transactions involve a series of steps to reorganize the corporate structure:

• FSub 1 Debt Capitalization: FSub 1 capitalizes intercompany obligations owed by FSub 2.

• Sub 1 Incorporates NewCo: Sub 1 forms a new Country B entity (NewCo) as a disregarded entity for U.S. tax purposes.

• FSub 2 Reorganization: FSub 2 transfers assets to NewCo in a tax-free reorganization under Country B laws (the "Country B Butterfly"). 🦋

• FSub 2 reorganizes into a new class of common shares, which are split between Sub 1 and NewCo.

• Sub 1 contributes preferred shares (FSub 1 PS) to NewCo, and NewCo contributes shares to FSub 2.

• FSub 1 redeems FSub 1 PS issued to NewCo for a non-interest-bearing note (Note 1), and NewCo redeems Note 1 for a new note (Note 2).

• Amalgamation: NewCo and FSub 2 amalgamate to form New FSub 2.

• Sub 1 Incorporates HoldCo: Sub 1 incorporates HoldCo as a domestic corporation.

• Sub 1 Transfers to HoldCo: Sub 1 contributes New FSub 2 and Sub 3 to HoldCo in exchange for HoldCo stock (the "HoldCo Contribution").

• Sub 1 Distributes HoldCo Shares: Sub 1 distributes HoldCo shares to Foreign Parent (the "HoldCo Distribution").

• HoldCo Merger: HoldCo merges with and into Sub 1, with Sub 1 surviving (the "HoldCo Surviving Merger").

FSub 2 and HoldCo Distributions:

• FSub 2 Distribution: FSub 2 distributes stock to Sub 1, qualifying as a tax-free reorganization under IRC § 368(a)(1)(D) and § 355.

• HoldCo Distribution: Sub 1 distributes HoldCo stock to Foreign Parent, also qualifying as a tax-free distribution under § 355.

• Neither distribution results in gain or loss under § 361 or § 355, and the holding periods for the stock carry over.

Rulings Requested:

• The Country B Butterfly 🦋 qualifies as a tax-free reorganization for FSub 2.

• The FSub 2 Distribution and HoldCo Distribution are tax-free under § 355 and § 368(a)(1)(D).

• No gain or loss is recognized by the entities involved in the distributions.

• Earnings, profits, and basis are allocated per IRC § 312(h).

Representations:
The company makes several representations, including that the transactions are not part of a plan to increase foreign tax credits, and the distributions meet the requirements of § 355 (e.g., continuity of interest, business purpose).

202339007, issued on June 29, 2023, likely provided general guidance on tax issues relevant to the PLR’s proposed transactions, such as the application of § 355 and § 368 to cross-border reorganizations involving disregarded entities.

The taxpayer, aware of this guidance, submitted a PLR request on June 30, 2023, to confirm that their specific restructuring— involving the Country B Butterfly, FSub 2 Distribution, and HoldCo Distribution 🧸—would be tax-free.

$BBBY $BBBYQ 🏴‍☠️🚀

[boo @bootobin25]

@RedEyeKnight217 @pulte A child born in 1945 would be 81 today. No one at that table is 81 years old, much less old enough to have been an active participant in WWII.

You seem very stupid.

[boo @bootobin25]

@JustAFlyover @epochhealth Can you read the other response to comment? I'm on an account where no one is muted or blocked and it's still invisible to me.

[boo @bootobin25]

@ngsu9434 @GoatBeardzDD @ryancohen You want facts?

You can't handle the facts.

Obsession, assumption, when you speak of these things you are projecting.

[Pulte @pulte]

So deeply grateful to POTUS for letting me be acting Director of National Intelligence. He is, truly, the best, and it is a blessing to work for him. While it’s been only a few weeks, so much has already been accomplished —Operationally, AND, Transparency. Thank you, POTUS.

[boo @bootobin25]

@sharkbyte1k Even worse than the one I commented on.

https://t.co/QhGyABVEAd

[boo @bootobin25]

@DNIPulte From: redaction redaction redaction

To: redaction redaction redaction

Regarding: redaction redaction redaction

It's like wading through a BBBYQ court transcript.

[boo @bootobin25]

@RighteousWink @grok @ryandunner @5H0R7 That's not what the Plan says lmao.

It won't respond to me so mebbe throw this at it. Not only does the Plan preserve former shareholder's rights to a distribution clearly the same line that canceled the stock also canceled the bonds. Yet 3 yrs later they're still trading, etc.

[boo @bootobin25]

@PT34WAJ @CWBChicago Mm hmm

[boo @bootobin25]

https://t.co/bUh879JrNv