Bed Bath & Beyond Reportedly Taps Kirkland & Ellis To Solve The Highly Leveraged Balance Sheet
Bed Bath & Beyond Inc. (NASDAQ: BBBY) is apparently tapping law firm Kirkland & Ellis to help address the ballooning debt, according to a person familiar with the situation. The retailer is on the spotlight after a seemingly short-run short squeeze this week, ending with a 20-year old being US$110 million richer and Canadian investor […]
BBBY: Ryan Cohen Sells Out Of 11.8% Stake In Bed Bath & Beyond
Well, it appears that Ryan Cohen has indeed sold out of his position in Bed Bath & Beyond (NASDAQ: BBBY), despite having 90 days after filing his Form 144, which we covered yesterday. Cohen sold his stake in the company through RC Ventures, LLC. The stake in question amounted to just under 9.5 million shares, […]
The Diamond Cut: Russia Faces Possible Export Restriction On What Countries Deem As “Conflict Diamonds”
Diamonds are apparently not forever – at least not for Russia’s exports. The United States and other countries are making a move to lobby Moscow’s gems as being “conflict diamonds” to the Kimberley Process, arguing that these exports are financing the country’s costly invasion of Ukraine. Conflict diamonds are called as such–and sometimes “blood diamonds”–because […]
Snap Gets 1 Million Subscribers On Snapchat+ In Less Than Two Months
Snap Inc (NYSE: SNAP) announced on Monday that it has reached 1 million subscribers on Snapchat+, the social media platform’s paid subscription program, just a little over six weeks since its launch in late June. The milestone was announced along with new features for its paying subscribers, including prioritizing replies of Snapchat+ subscribers to ‘Snap […]
The Mashinsky Method: Understanding The Degree Of Celsius Network’s CEO’s Complicity In The Firm’s Bankruptcy
It’s no secret that Celsius Network is undergoing a bankruptcy process–addressing its US$1.2 billion balance sheet deficit. What is quite unclear however is how the company arrived at this tough spot. The “crypto winter” surely left red marks in crypto balance sheets, but was it enough alone to push Celsius Network to bankruptcy? As CEO […]
Is Diamond Mining Similar To Hockey? With Darryl Sittler
Joining SmallCapSteve today is Toronto Maple Leafs Legend Darryl Sittler, and a director of Arctic Star Exploration (TSXV: ADD). We sit down with Sittler to discuss the transition from professional sports to that of his involvement in junior mining, his start in the diamond industry, and the changing landscape for small cap investing. We close […]
Fed Warns Banks Planning To Venture Into Cryptocurrency
The US Federal Reserve released on Tuesday an additional set of guidelines for banks that plan to conduct cryptocurrency activities. The agency emphasized the need for the financial institutions to notify them should they consider venturing into the digital asset space. “The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the […]
July FOMC Minutes Suggest Fed is Afraid of Over-tightening Policy in Wake of Economic Data Lag
Last month’s FOMC minutes revealed that the Fed continues to perceive inflation as “unacceptably high,” and that price pressures are broad-based throughout the economy. However, members also voiced concerns about enacting too much hawkish monetary policy too early, given that the bulk of the central bank’s tightening effect has yet to be felt. July’s sentiment […]
20-Year-Old Makes $110 Million From Bed Bath & Beyond Stock.. Next Stop: MindMed
20-year-old Jake Freeman just walked away with around $110 million from selling his 6.21% stake in meme-stock favorite Bed Bath & Beyond (NASDAQ: BBBY), when its stock price took a sharp upturn in the past few weeks, almost breaching the peak in April of this year — and very, very shortly before the stock started […]
Verses Closes On A Further $5.5 Million, Expands Financing Due To Demand
Verses Technology (NEO: VERS) has now closed the second tranche of its financing, while at the same time upsizing the deal to enable further funds to come in the door. The closing follows a $5.2 million tranche that closed just a day after the financing was initially announced. The second tranche saw a total of […]