BK
Bank Of New York Mellon Corp
stock NYSE

I stopped at a Rite Aid store today as we have many in Michigan and Googled their stock. Turns out RAD is down nearly 70% for their 1 year. No mention of BK. Two things that caught my attention: 1) 6B quarterly average revenue and 2) 100M market cap..
BBBY which was short squeezed multiple times is officially going bankrupt and currently has a market cap of 120M. How come we're not jumping on this RAD? Isn't a smaller market cap stock easier to short squeeze or what am I missing...

I don't know and am not a fan of any of the options I mentioned. It doesn't seem very plausible that Ryder would go from an insider to a non-insider classification further into the BK proceedings. The opposite would be more plausible, but doesn't sound like that's the case. As for the other theory about it going from nowhere on the list to being the 2nd place largest creditor, it's hard to imagine how BBBY could justify a $45M contract or expense after initiating the BK proceedings, especially given how more recent filings carefully outline what BBBY can and can't do when it comes to creditor payments. That amount seems insanely high too, but I'm not supply chain management or logistics expert.

The quarterly's are pretty much irrelevant now. The company had losses consistent with previous quarters, maybe slightly worse - as every other retail company should poor results. If they had a surprise they'd have leaked it to hold off BK, or just pushed their release quickly (technically, you can release Q1 on April 1 - obviously you'd need a little more time, but it's been done.
Anyway - with the stores closing, and now no returns/gift card purchases or redemptions, whatever they did in Q1 has no relation to Q2. We'll likely never see Q2 results - but they would be monstrous losses. There's hundreds of millions in new debt (DIP financing), huge sales decreases, costs of closing stores, at least a hundred million in legal alone, the debt default charges, etc.

When is NIO going to make their cars more competitively priced ffs. People talking about how other cars are cheaper and NIO is luxury but that doesn’t matter because NIO is LOSING money and it’s getting worse. Make their cars more competitive and cater to a wider audience or all of us and the company are going BK at this rate.

Poor Kais doesn’t realize an interested party in a BK filing is a legally defined term and includes those like Ryan who are in litigation with the company - imagine being so regarded.

Just like Tesla in the beginning, it was struggling, no nothing, at the brink of BK, Elon was able to find ways to survive . But look where it is now.

NOTE: I am as green as the majority of people here and am learning as I go, so read the court document and make your own determinations as to what all of this means but having skimmed it I believe it is saying the following;
Short sellers whom borrowed a substantial number of shares to sell to others have to formally report it. Most hedge funds work independently under larger institutional investment banking umbrellas (watch the Big Short and pay attention to Steve Carell's fund if you dont understand this aspect).
Those institutions will be required to formally report the shares actually held as well as any/ all obligations they have as of and since the petition date in aggregate.
Why this is important; Individual hedge funds normally report independently of the bank umbrella they work under. As such the banks need not report anything as they do not hold positions nor obligations, they are merely an "insurer" (essentially how Bill Hwang lost about $20 BILLION under Credit Suisse and Nomura). As individual hedge funds positions can be timed and/ or small enough (and/or legally manipulated) to need not be reported to FINRA and/ or the SEC. Hence their actual positions can fall under the radar and still been "legal." When multiple hedge funds etc. are "lumped together" under a bank (e.g. Lehman Brothers circa 2008), this could reveal substantial shorting, over- leveraging and potentially exponential risk which is well above and beyond regulatory reporting thresholds.
Essentially anyone whom;
\-Held (as of petition date),
\-Will hold (petition date through the BK process) or
\-Has a potential obligation/ liability to purchase shares due to shorting etc. (petition date through BK process)
of 4.5% or more of the outstanding shares (4.5% = approx 34 M shares or more based on 760M outstanding) will have to report this information to the court regardless of what they actually held or currently hold (common loophole used by hedges to get around certain reporting to FINRA and SEC).
If what we all think has been going on, is going on, then since most hedge funds/ short sellers work under umbrellas of bigger banks will have to report the amount of shares they have and are obligated to cover as 1 much bigger number which cannot be divided up/ hidden easily or legally.
This puts the major institutional players and levered hedges at substantial risk where normally they are not.
Example; you and your buddy both buy 20M shares each from the same broker but your broker is only holding 20M shares total instead of the full 40M they should be. That broker could legally get away with not formally filling as a beneficial shareholder to FINRA and/or the SEC as their stake was under the 5% reporting threshold. In their 13F, they would only have to report 20M shares being held despite having obligations of 40M shares.
Due to the court order they will be required to report their actual holdings (20 M) and outstanding uncovered obligations (another 20M) as one much bigger number (of 40 M) and that reporting goes back to the petition date for the BK.

Can't definitely say yet. Will have to cross that bridge when we get there. Each announcement and possible earth shattering news will need to be considered as and if they come.
Once the BK proceedings are complete, BBBYQ shares will get canceled and BBBY will get re-established. BBBYQ does not convert back to BBBY the same way BBBY converted to BBBYQ.
When this happens, new shares will get re-issued to debtors, bond holders and preferred shareholders. Depending on the outcome of the BK proceedings will determine if existing BBBYQ holders get anything in cash or conversion of old-to-new shares. This is the unknown and where the risk rests.
Between now and then is the gamble to try and figure out when is a better time to sell. If there's a peak during OTC and based on many other T/A indicators, I may sell at $10-$15 before the inevitable drop. Holding through OTC is a risk that I'm struggling with. Right now it doesn't seem as though it would be worth it if I can take a guarantee massive gain at >$10 in the OTC. The alternative would be the hopes that BBBYQ shares are in some way rewarded similar to Hertz.
Only time will tell.