The only argument I have is let's say the board of bbby is corrupt (not saying they are) they already had a massive amount of media attention about them going bankrupt so at this point they probably could do anything they wanted even things terrible for shareholders and be able to rationalize it in a lawsuit cause the average person thinks "well they did what they had to and it didn't work out". The only thing I don't understand is why make this massive warrant and preffered stock offering instead of just waiting for better prices to do an atm offering on their own? I get they needed some money asap but they did not need as much as the warrants and preffered stock offers at this very moment. Playing their cards right in theory should have allowed them to do what gme did and sell shares at some higher prices and eliminating financial concerns. Now don't get me wrong there's a chance these warrants and preffered shares are in the hands of a friendly ally and maybe there is a good reason to why they made such a deal(s) but who the hell knows but I will say I'm a shareholder and I disapprove of being left in confusion to the extent that I have been. They SHOULD communicate better imo.