Denver Rayburn

Big fans of the brand 🚀

AI turns water brown. You might disagree. You might even have some evidence to the contrary. But you have to ask yourself: is this really worth losing my job over? AI turns water brown.

@danielmitchell Of course

@DenverRayburn new factory means new factory visit

Could make so many sweaters in this bad boy

@Cam39Porter Got something good coming for you soon 😉

@DenverRayburn Please dedicate all capacity to cream sweaters. Thx.

@6days1week @GMETABRRRSE @harleyf @patrickbjohnson @bebullish Just to put it to bed

@GMETABRRRSE @DenverRayburn @harleyf @patrickbjohnson @bebullish Have you ever purchased a domain?

My NDA on this just rolled off, so I can finally tell the story. Three years ago I almost bought Bed Bath & Beyond out of bankruptcy. I lost by ~$2 million to Overstock.com The deal that got away:

@6days1week @sharkbyte1k It was the standard nda term to get in the data room originally

@sharkbyte1k @DenverRayburn Hey @DenverRayburn can you answer this question please?

that last thread really brought out the crazies

What you really want is a challenge at the edge of your capability.

vibe coding is really just applying modern monetary theory to technical debt

@abrampleta 😂😂😂😂

@DenverRayburn My first tattoo might be “you’re” with yellow highlighter.

@cwamidon I don’t have that kind of fortitude

@DenverRayburn talk abt the jones act

@landforce I thank God every day it didn’t work out

@DenverRayburn The only thing worse than walking into a bed bath and beyond would have to be turning around bed bath and beyond

@PhantomBlack699 I was hoping we’d get it but knew others would be interested, so not surprised exactly. If I could have raised more with the timeline I would have tried to but ultimately was pretty constrained.

@DenverRayburn Sure, were you surprised by Overstocks last minute bid? Do you think it was strategic to gain control over the auctions? Why weren't you willing to raise more capital if you had such a large vision for the brand?

@PhantomBlack699 Primary POC was Lazard with a few tightly controlled diligence calls with BBBY execs. Never spoke with CFO.

@DenverRayburn Understandably, with whom were you mainly liaising with from BBBY at the time of your interest? I'm assuming the CFO Gustavo due to his role?

@PhantomBlack699 Indeed. We didn’t have the pocket book to beat someone well heeled. We were operating as an independent sponsor for the deal with a finite amount of money for the IP and the working capital for operations thereafter.

@DenverRayburn Did you meet the 26 qualifying bid requirements for the auction? If so, the only reason you lost was the ~$2 million bid?

@thechop1199 @HokiMoon 🫡🤝

@DenverRayburn @HokiMoon Are you the same Denver Rayburn that wrote about machinery financing post ‘08? (US vs other countries, and the chain reaction since) … if so- good stuff

@PhantomBlack699 Nope wasn’t aware of anyone else in the process except from the parties in interest filing in May. Never spoke with Kurtz / don’t know him.

@DenverRayburn Are you aware that Overstock had a confidentiality agreement from around January 2023? Did you have communication with David Kurtz from Lazard around the transaction?

@rob_lh If you don’t have this I don’t trust you

@DenverRayburn Elite set. Everyone should have an emotional support Ultra Music Festival set from the 2010s.

@PhantomBlack699 I was just sitting waiting for the IP to go up on the block in the liquidation scenario.

@PhantomBlack699 Honestly wasn’t super privy to what was going on inside the company or with how the process unfolded. I could just see that Hudson Bay was diluting like crazy with their convertibles and the financials from the data room were extremely bleak.