So, I'm still fairly inexperienced with sports betting, and am doubting my understanding on this one. If I bet on inning results, that means the Tampa Bay Rays will be winning at the end of each of the first four innings? Thank you for any input to further my knowledge of this super fun hobby!

Seminole heights.

It is Friday 9th of June, the stalking horse loometh.... and we all hope the horse has finished stalking.
The stalking horse date has been extended to Sunday 11th of June at 5pm, which, we hope, means only one thing... an announcement is neigh [see what I did there?]
With little else to do but wait for the deadline to tick past, I took note of the latest Kroll filings detailing retained legal counsel. There is a good introductory post here: https://www.reddit.com/ThePPShow/comments/13cs65x/pachulski_stang_ziehl_jones_llp_the_law_firm_fo
It is fair to say that at his point that the timing of the retained counsel filing falls in line with a pending announcement. Why retain counsel if there is not an announcement to be made yet?
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TWA
Remember: PSZ&J will coordinate closely with Alvarez & Marsal North America, LLC
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Not TWA
So, what's the connection..as has been noted previously.. the glaring connection and icahn't help but make it is TWA.
A man by the name of Carl Icahn swooped in and took control of TWA in 1985. In 1988, Icahn took TWA private, receiving $469 million in the deal - equivalent to $1.01 billion in 2020. The agreement also meant that TWA would take on $540 million in debt - $1.17 billion in today's dollars.
In 1991, Icahn sold TWA’s coveted London routes to American Airlines for $445 million. Some believed that the loss of these valuable assets accelerated TWA's demise. In 1992, TWA filed for bankruptcy. A year later, in 1993, it emerged with 55% of the company under creditor ownership. Icahn was himself a creditor and was owed $190 million. With TWA desperate to finish business with Icahn, an eight-year agreement was made that gave him the ability to buy select tickets at 55% of the cost. Reselling the tickets on the internet, American Airlines (the future owner of TWA) estimated that $100 million per year was being lost because of the deal with Icahn. Finally, in January 2001, it was announced that TWA was bankrupt for the third time and would be sold to American Airlines.
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The APPLE doesn't fall far from the tree
Then lets look at 'how the apple doesn't fall far from the tree' - remember how Icahn engaged Apple?
"Shares are criminally undervalued and you have all this cash. You should be buying back shares."
And lest we forget ebay and paypal?
"Carl Icahn took a big stake in eBay so he could agitate for PayPal’s spinoff. Now that he’s got what he wanted, he has exited eBay altogether.
The confrontational investor disclosed this week that he has sold his stake in eBay but retains nearly 4 percent ownership of PayPal as of the end of September. All eBay investors received an equal number of shares in PayPal when the payments division spun off into its own public company in July.
The move makes sense. Icahn’s reason for pushing for the PayPal spinoff was that he felt the faster-growing payments unit was being undervalued as part of the eBay umbrella company. Indeed, PayPal is now valued at $45 billion compared to $34 billion for eBay. It is growing much faster than eBay and now has more revenue, too".
As we have read, all of these plays [and hopefully BBBYQ] fall into his basic investing philosophy:
"My investment philosophy, generally, with exceptions, is to buy something when no one wants it."
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The next 72 hours
The stalking horse deadline has been extended https://restructuring.ra.kroll.com/bbby/Home-DocketInfo doc 665.
I, like many of us, did not a further extension. Especially in light of the comments by Bed Bath counsel at the last hearing, requesting for a slight extension [a week was granted]. However, there is definitely a different feel to the timeframe granted on this new extension.
The extension only allows for one working/trading day, with the weekend in between. I would be very surprised if a further deadline extension was granted. The short time frame of the latest extension highlights that the stalking horse procedure is at the last 'fur-long'.
We also need to remember that Bed Bath does not have to use the whole extension. The assumption could be that the work has been completed, and the extension is just to allow for a well timed announcement. We all know that if the stalking horse is linked to RC and/or Icahn, the stock lift will be immediate. The way this stock/short interest and other catalysts, a move over $2/5 would likely not be able to be controlled and then we have lift off [nfa]
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To the moon!
Reasons to be cheerful over the weekend
- Carol Flaton appointed to the BOD overseeing chapter 11 process [previous connection Icahn via HP proxy battle
- Ryan Cohen listed as an interested party on the court docket
- RC Ventures named in the mailing list of the court docket
- DIP finance noted in the mailing list in the court docket during chapter 11 is overseen by Sixth streetwhich has connections with IEP
- Icahn being shorted by Hindenberg
- Appointment of Kastin and Eitlin [links to IEP]
- Cheng, Cohen et al - mysteriously exiting their position from Dragonfly
- IEP/GM/Dragonfly having a boatload of capital available for an 'unnamed' future acquisition
- Brett Icahn exiting his Newell position at a huge loss
- TEDDY holding trademark announcements
- The $1.6 billion discount/NOLS created by BBBY entering chapter 11 - along wiht lease sale/termination benefits
- Recent MSM pieces naming potential bidders and an 'un-named' potential acquirer
- The IEP q10 with confidential treatment [rarely seen]
- Matt Furlong, after a successful spell, ending his tenure with GME and RC taking the helm [in charge of the war-chest] and RC tweeting 'not for long' [which, if you say this using your best Carl Icahn impression, sounds exactly like 'Matt Furlong'] - enjoy practicing that one!
- The oddly timed airing of the 'Meme King' hit piece on RC
- GME tweeting the stalking horse, exactly at the end of the deadline on 8th June
Important to note
I think it is important to note that the longevity and initial future interest in this play, needs to be strongly attributed to u/biggysmallzzz and his god tier DD [library here https://www.reddit.com/useBiggySmallzzz/submitted/ ] and especially https://www.reddit.com/BBBY/comments/ycxkll/bbby_debt_tender_exchange_offer_analysis_part_2/
The thing is, he was right.. even though it is yet to transpire. The small window was open and RC did try to 'buy all the stocks', coupled wiht the early year run to $6/7 was the window of opportunity in Biggie's DD. What couldn't be accounted for was the 'behind the scenes' activity which was blocking the deal at every opportunity.
As this will be my last DD before the 'Stalking Horse' announcement... I take this opportunity to salute you and my other main man u/real_eyezz , and all the remaining OG [and regards new]. The light at the end of the tunnel is fast approaching.
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The promised land
Conclusion
There are far too many 'cohen-cidences' and occurrences to ignore at this point. The final much shortened extension to the stalking horse process [coupled with the GME tweet] being the last few pieces to fall to the board in this puzzle.
Once an announcement is made [if it includes RC or Icahn] it's finally time to start the boosters.
I stand by my thesis and outcome here: https://www.reddit.com/ThePPShow/comments/137ljut/are_we_going_to_get_taken_private/
We get taken private via auction/or at the initial staking horse phase. The final point in RC Ventures letter is followed.
Price per share is the equivalent to $6/7 [although an annoucnement could possibly trigger MOASS]. Shareholders receive $2 per share and a 20/1 stock convert of BBBY(q) to GME [or, if the IPO of BBBY is planned behind the scenes $2 per share and a 15/1 stock convert of BBBY(q) to BABY - placing BABY with an initial IPO of around $15/20].
TLDR
- Icahn has a well established history of interacting and taking over companies via behaviours already commented on with Bed Bath
- There are many things linking Icahn to this play
- There are many, many things highlighting RC's continuing involvement
- The original DD put forward by u/biggiesmallzzz would more than likely have played out, if not for behind the scenes negative actions
- Shout out to the OG
- Announcement can come before the end of the current stalking horse deadline
- If RC/Icahn are involved/named in the stalking horse process/bid - buckle up
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https://preview.redd.it/so16vkcthz4b1.png?width=299&format=png&auto=webp&s=363bee8f7a5c1bdebf49a7e922498474cb95f939