Acronyms:
CFO - Chief Financial Office
GME - Game Stop (The company that many anons believe will take down the cabal.)
Moass - Mother of all short squeezes (Assuming Wall Street is massively shorting GameStop, a short squeeze would bring down the whole wall street, hence Anons call it MOASS)
RC - Ryan Cohen (Chairman of the board of Game STop)
https://nypost.com/2022/09/04/bed-bath-beyond-exec-gustavo-arnal-faced-1-2b-suit-before-suicide/
A Bed Bath & Beyond exec was facing a $1.2 billion “pump-and-dump” stock-fraud suit when he apparently leaped to his death from his swank 18th-floor apartment in Lower Manhattan last week.
Gustavo Arnal, who was the chief financial officer of BBB, is among the defendants named in a class-action suit that accuses him, Chewy.com founder Ryan Cohen and others of artificially inflating the troubled housewares giant’s share price.
First, it's curious to see Ryan Cohen referred to as "Chewy.com founder". Thats like calling Trump "Creator of Apprentice". RC is the C̶E̶O̶ Chairman of the Board of GME and has been the target of the financial Cabal for a while now.
A few days ago when RC sold shares in BBB and made 68M there was a lot of attack against him by the mainstream.
Even then the news sounded very fishy. Now seeing 68M is nothing compared to a 1.2 billion pump and dump scheme, makes you wonder if there is some elaborate setup going on here. We all know the ultimate target is going to be GME.
Does this have anything to do with the much awaited MOASS and Cabal trying to destroy it before it can happen?
Here is the filing by RC the day before he sold the shares: https://sec.report/Form/144-PAPER/43719
Edit 1: Fixed RC's position, thanks to u/CarbonWinter
Edit 2: Most Anons here have assumed that somehow RC never disclosed his purchase of BBBY options at unusual high price until just before he sold the stocks.
u/xavierschair Just pointed out redditors have known this for months
For those arguing about profits going back to BBBY, here is the Short-Swing Profit Rule
Special shout out to u/MAG768720 for their passion on this topic to the point of motivating long time lurkers to create accounts to debate him. The way of the Anon ;)
Edit 3: Added acronyms as suggested by u/The_Greeatship_Pilot
Edit 4: Added link to RC's filing with SEC his intent to sell.
If bbby lauches so do the other short stonks. When they spend many millions to knock one down another one pops up like some weird wack-a-mole game.
Couple weeks ago citadel had to borrow 600 million and gme has been down everyday since then.
Hedgies are fuk
NCSWIC
That’s correct because they are invested in multiple companies. When the shf get stretched covering one company, they have less money to cover for the next company. Basically, hedges are fk.
That and they're in the same basket of swaps that they used to suppress GME hence why they move together despite there being no reason to. So if one of the others gets out of control it cascades quickly.
That’s probably why there’s a dip now. When it dips, people buy more, the hedgies don’t want that and they’ll lose everything if it goes down to where they originally bought it.
Yep it was pointed out again when BBBY dipped in pre-market after a morning announcement and GME fell with it for no damn reason.
VERY interesting theory someone came up with about the BBBY story.
(1) Some of you will hate it, due to "hate speech" and messes with your feels.
(2) I did not write it. I just found it.
(3) I have no idea what did or did not happen with the BBBY Pump and Dump ... other than I know it WAS a Pump and Dump.
(4) If someone were to manipulate a Pump and Dump, THIS would be a very good way to do it:
https://turningpointstocks.substack.com/p/ryan-cohen-and-jake-freeman-connection
And while I'm at it, here is what Jesse Livermore did in the 1920's to get out of a large stock position. The tactics are eerily similar to the BBBY story:
https://twitter.com/holeyprofit/status/1566531148414697472?s=21&t=2e2kAumnXdXan8UnDSs3VQ
Ryan Cohen put in his required forms with intent to sell, then he sold, when he sold, the price didn’t go down for 2 days until the SEC announced he had sold.
What form did he file to show intent to sell? I don't think there is one.
He sold 8/17. He filed 8/18 to show he no longer owned any shares. That day, the price began to tank.
Your timing is wrong.
Dude, stop going so over the top with this crap.
https://sec.report/Form/144-PAPER/43719
It’s a form 144, I couldn’t find original story I read, but, here’s a link to a story about it. If you search for Cohen files for intent to sell, you will find multiple stories. The original one I read said the price went down after he sold and after the SEC announced it. I’m not sure about when it went down. https://investorplace.com/2022/08/ryan-cohen-rocks-bbby-stock-with-new-form-144-why-is-he-selling/
What a complete joke of an article.
Here's another stupid article by the same moron you linked to, claiming the Jews fabricated Jesus.
https://turningpointstocks.substack.com/p/the-jews-run-the-fake-news-your-hollywood
RC's options essentially became even more worthless, and this guy makes it sound like he somehow benefited from this.
So let me get this straight. He was desperate enough to want to get out of his position. So what does he do? Spend 24 more millions ? Oh and it gets better. This 25 million somehow manages to pump the shares from $5 to $23 in less than a month. Wow, I like that kind of magic.
Ryans options filing was on Aug 15.
Lets look at this stock price trend, okay:
Aug 05 : $6.66 (Interesting number, eh? lets ignore it for now)
Aug 08: $10.92 (63% jump)
Aug 12: $11.04
Aug 15: $15.00 (36% jump)
RC files his options purchase
Aug 16: $15.72 (pretty much flat)
Next day
Aug 17: $26.94 (71% jump)
Clearly the stocks are going up for some reason even before RC filed. The real question is why?
Ah, I am sure this author has a cousin working inside Nasdaq who can tell you exactly at what price RC's orders are being fulfilled.
If you think all these profits came from just making a filing in one day, then I might be able to pull on my shoelace and start levitating!
My read from all this? Wallstreet was up to some fuckery and it backfired causing a short squeeze and he saw it and made use of that. So Mr Globalist decided to spin it furiously to make it look like it was all RC and some kid so people never bother to question why the stocks were shooting up in the first place.
You're singing my tune as I am invested in GME, AMC and now APES. However the rigging on Wall Street is real just like what they do in the banking system and elections.
Black Rock in so many words, told Wall Street that if the squeeze comes just halt the stock until reinforcements come. That's criminal.
I do believe if people get arrested for manipulating the market, stocks like Game Stop, AMC and others could soar in a hurry.
Make sure that you DRS the shares from your broker into CS to get them in your name, else you are just holding IOUs.
Thank you. I did at Computer Share.
Is it a coincidence this whole GME fiasco is occurring while the cabal is being taken down? IMO this was a white hat operation.
Look at RC and DFV, they tweet cryptically. It's no coincidence.
Yes I agree. Also look how the entire market free falls for no reason. The fake Wall Street news, cites the street is frightened because the Fed is going to raise rates. We all know that!
I know one thing this presents buying opportunities. Full disclosure I am not advising anyone here but I'm buying more GME and registering them. Hypothetically a person could buy 5 shares and if this takes off that's a lot of money!
I agree corruption is rampant my gme investment tought me more than I wanted to know.
Do you have sauce on this?
No I just read a lot. It didn't surprise me as Black Rock was relevant in causing the housing market to hyper inflate.
Yes, BlackRock is evil, I agree. They are like a 2nd government they have so much money.
Yes they do. Hitler was right. They're swindlers but because they tweaked the translation of all the modern bibles and enter Schofield and now they're God's chosen people. Our churches have caused great harm if not contributed to Satan taking our country over.
You lost me at Hitler was right bud.
We have to revisit everything we have been taught historically today. We've been lied to just about everything. My eyes and mind are wide open. The same people running the banks that rig the elections are the same that rig Wall Street. They are communists and opportunists. That's all.
One last post. Remember this speech by Trump?
https://www.youtube.com/watch?v=G2qIXXafxCQ
Watch the first few minutes and tell me where you see parallels to what GME is going to do. Note he mentions financial powers several times. Wall street, FED, etc.
What is GameStop's phrase they use? "Power to the Players"
Seems pretty similar to returning power to the people.
The Great Awakening is taking place everywhere. In our churches, our schools, the political realm, on social media, the government, and even Wall Street. No one can stop it because no one who awakens can ever be ignorant of the cabal’s tactics again.
At least most of r/Superstonk has realized that their former hero Gary Gensler and the SEC is outright fucking them as well and after the past year I'm not seeing nearly as many calls for Pocahontas Warren or AOC to "do something" anymore.
Truth they really thought they won the lottery when Gary got in. He's a democrat,so he's a good guy......
Pretty soon superstonk could come here and red pill us.
Well maybe the ones who aren't programmed to be afraid of the mere mention of "Q" or "Qanon". Then there are some of us here that are over there spreading seeds like Slyver.
I tried and got banned. I recognized slyver from superstonk, though. His work on welcome to the machine is legendary.
His name says it all
I wished a year and a half ago that I could have told them on Superstonk that Gensler was not going to come through like they thought. But they figured it out.
Fucking idiots. I cringed at all of that. Every 3 letter agency is compromised
I didnt know Gary Gensler was their former hero. Was this from the times when he was a professor and talked so much about cryptos?
No because Reddit is mostly libtards who still thought the Democrats care about the common man but that was mostly shattered during the congressional hearings. They rapidly went from going "yass queen" over Warren and Talib to "WTF" when Warren started blaming retail for the initial squeeze and did nothing to punish the hedge funds. By the time Maxine Waters bullshit report came out a year later they were instead talking about "how is Waters so wealthy on a congressional salary?"
Also for all his professor talk of cryptos Gensler reportedly owns no cryptos at all.
Interesting. I see it as awakening happening right in front of our eyes. Makes me really look forward to the next few monthswhere hopefully the rest of the population do the same about everything!
It’s because he was not.
Some still have faith in the DOJ lol
NCSWC
First of all RC is not CEO of GameStop. He’s the Chairman of the Board. Secondly he didn’t make $68M it all went back into BBBY. Just some clarification for y’all.
Okay this is the kind of stuff I am looking for. Any links to confirm this? If this is true, and the media is still making it sound like he crashed BBY, further confirms my suspicion that this is a Cabal op against MOASS.
He sold while the price was still rising,then filed the necessary papers saying he sold. Then they shorted it down and blamed it on RC their was daily volume in the hundreds of millions of shares. His small 9% sale was nothing compared to those numbers.
Yeah I’ll see if I can source it, but RC was clearly labeled an “insider” on BBBY filing and there is a rule that specifies any profits by insiders would be invested back into the company, etc. Anyone reading this who knows where this was posted is welcome to beat me to it.
You are gonna have to show some proof on THAT claim.
It should be obvious that it makes no sense on its face.
Why would anyone bother selling stock if they have to turn right around and re-invest it back in?
There is no such rule.
There is, it's not a catch-all, it only applies to shares sold within a set period after purchasing. The purpose of the rule is to limit C-level execs selling short-term.
https://www.investopedia.com/terms/s/shortswingprofitrule.asp#:~:text=The%20short-swing%20profit%20rule%20requires%20company%20insiders%20to,both%20transactions%20occur%20within%20a%20six-month%20period.%203
It's 10% to be an insider, but RC had 11.8% at peak: https://seekingalpha.com/news/3874286-rc-ventures-files-sell-stake-bed-bath-beyond
Also the agreement and appointing 3 people to the board would made him an insider.
Also, from your link:
On 3/7/2022, Cohen owned 9.8% (according to his own filing), which is less than 10%. Also, some of that was stock options, which have no voting rights, which would fall within this exception.
Finally, we don't know the purchase price(s), so we don't know if there was any profit at all. Even if there was, it was under 10% and/or met the exception.
On 3/7. The percentages changed, you can research why yourself, I'm tired. The SA article is not wrong and quotes a more recent filing. Also to seek exception he'd have to go to court and we'd have heard about it.
Interesting. Thanks for that.
But you still have a problem.
He did not purchase those shares within 6 months of selling. He purchased them way before that, so the rule would not apply to him.
He bought in December 2020:
https://www.sec.gov/Archives/edgar/data/1326380/000119380520001580/xslF345X03/e620155_4-gme.xml
Started reporting in December 2021, probably when he went over the threshold to report.
Sold August 2022.
You’re bringing up when he bought his GME investment to try and disprove when he bought his BBBY shares…?
Again, if you’re genuinely trying to protect people from losing money in the market, at least present your info correctly.
Otherwise, you are deliberately misleading people with misinformation. Some would even call it fake news.
OK. My mistake. I just pulled the previous SEC form from his filings.
That was GME, not BBBY.
When did he buy BBBY?
Before or after the 6-month period?
3/7 was the date of reporting, not necessarily the date of purchase.
Also, I see in re-reading the 3/7 filing that he also had the options as of that date.
So ... why the filings on 8/15 and 8/16, only to dump on 8/17?
And who was behind the run-up leading into 8/17?
I think he reported more than was required and some of his shares was sold within a 6 month window.
There is and it’s called the “Short Swing Profit Rule”. See here: https://www.investopedia.com/terms/s/shortswingprofitrule.asp
There has been some debate on whether RC was considered an “insider” and yet BBBY board announced co-op agreement with RC and further details coming: https://markets.businessinsider.com/news/stocks/bed-bath-beyond-inc-announces-cooperation-agreement-with-ryan-cohen-1031307869
It's still debated on if he was considered an insider or not for long enough that the rule applied, if it did then more than half of his profits from selling actually went back to BBBY.
When you own more than 5% (which he did), and you get 3 members appointed to the Board of Directors (which he did), you are an insider, by definition.
I wouldn't hold my breath ...
Posted in the same thread… https://www.investopedia.com/terms/s/shortswingprofitrule.asp#:~:text=The%20short-swing%20profit%20rule%20requires%20company%20insiders%20to,both%20transactions%20occur%20within%20a%20six-month%20period.%203
He won't respond to this because it destroys his ENTIRE narrative that he spent hours on.
Dude's super sweaty, one has to question why are they acting so sweaty instead of enjoying their day.
He claims he's a professional trader and is passionate about it. I'd get all sweaty too if my ego was tied up in thinking I was a pro stock trader that spent my career in the stock market thinking I had done great due diligence and made my riches through my own intelligence, then to have to consider a bunch of young people with no experience investing are going to make a ton of money off the thing I slaved away my entire life on.
LOL
A copy of what I posted on another thread here...
Like so many other companies, the board was infiltrated with corrupt people (BCG installed) to drive the company into bankruptcy. In the case of BBBY they were succeeding, until...
Ryan Cohen stepped in and did the EXACT same playbook as he did to save GME. The corrupt CEO and three board members were fired, and replaced with RC's handpicked people, who began the process of turning the company around.
Why was the CFO, Arnal, spared the fate of the CEO & three board members when he seemed very suspect, based on his actions with Avon, and the fact that he was installed by the corrupt (now ex) CEO Mark Tritton? Hmmm....
Could it be that Arnal saw that their bankruptcy plans were foiled by RC and his team, so he "jumped ship" to side with the good guys? It looks that way as he just signed off on the 12m share ATM offering.
What happens when you double-cross the criminals that installed you in a company to sabotage it? Sometimes you end up dead.
Just my two cents from what we've learned of the evolving situation, so far.
Also, if anyone is still reading, this is why I suspect that RC and Arnal both sold on the same day (Aug 16)...
My belief is that the only reason RC bought shares and options is so he could get his agenda implemented, which was to replace the CEO and three board members with his handpicked people to turnaround the company, exactly like he did with GME. I think once RC achieved those goals he was ready to get out (of his financial stake, but not his Cooperation Agreement which is still active).
Arnal, being an insider (CFO) had to schedule the sale of his shares (he only sold a small % of his shares, BTW) months in advance. He scheduled the Aug 16 sale back in April. My hunch is that RC was ready to exit his position earlier than he did, but waited to do so until the same day as Arnal's pre-scheduled sale, so that his (RC's) sale didn't tank the stock ahead of Arnal's scheduled sale.
This is fantastic information. My guess would be that the white hats put Arnal in an impossible position. Chose to be destroyed by the black hats OR be destroyed by the white hats OR do some good and then accept punishment for whatever evil he has done in the past.
Q had mentioned that many people get into the evil side one way or another but given a chance for redemption, jump on it. Was Gustav one of them? I don't know, but I sure hope so.
This is truth right here. Source: God told me so. Im not Kim Clements.
Spread this to r/ booby and superstink please
They already know.
Good! Expose them all.
You would have to explain why RC failed to disclose his options purchase until the day before he dumped his stock, as well as why he failed to disclose a decision to sell the day before, when he filed the document showing his long position (thereby, lending credibility to the idea that he was in it for the long haul).
If RC was a good guy, he would have disclosed his April call purchase back in April/May, not wait until the day before the dump.
You also have to explain the big run-up on no news the week before the dump. Who was pumping it up?
Somebody was. Who? Why?
Suuuure was convenient that the pump allowed RC to dump at around the March highs -- where the prices were when the RC story began.
he did everything legally and ethically and doing it another way against his lawyers' wishes probably would have got him in real trouble.
I thought RC did disclose his options when he acquired them:
https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/sc13d13351002_03072022.htm
He did
can confirm.
starting buying in march when i saw this filing
WallStreetBets sub was pumping it, you wouldn't know that though because you don't understand anything going on.
WSB is compromised, which is why people left and formed superstonk.
WSB is owned by hedgies and they pump and dump all the time. They had a daily discussion PINNED at the top about BBBY. Thousands of people and bot farms were pumping it non stop and telling people to buy.
RC did disclose his purchase (form 13d) with a March 7 filing.
The MEDIA pumped out the buy news five months later when they found out he was selling. The MEDIA sensationalized it and created a pump and dump. Even a blind person can see that.
RC and GA both sold on Aug 16. In a market that functions as it is supposed to, the share price would have decreased, due to selling such a huge amount, yet it did the opposite, it kept increasing. So when did the price go down... after the media blasted out news that RC was selling. The market moved on media hype, and not by actual fundamentals like it should have.
I don't like the corrupt system, but two can play at that game. Short squeezes were good to me last year, I made $44k on the AMC squeeze and $31k on the BBIG squeeze. I'd rather have an ethical market without criminal manipulation, and hopefully one day we will, but for now you have to play the game, and if you're going off what the media tells you then you've already lost.
Why did BBBY share price rise in August? Pan out on the chart and look at the cyclical pattern. I bought in July at $4.87. How did I know to do that, because it doesn't take a genius to see the pattern in the chart.
There's no way you're this ignorant, it's pretty obvious that you are intentionally trying to spread mis-information about GME and BBBY. Luckily nobody here is buying any of your bullshit.
(1) Read my post below, with all the links, regarding Cohen's reporting and timing of SEC filings.
(2) The media did not create the pump and dump. The pump happened in the week or two before the dump, and Cohen is the one who dumped. The media jumped on the story, which is what they do. SOMEBODY pumped it, for no apparent reason. Who? Why?
(3) Cohen sold on 8/17, the same day CFO posted a positive report on the company. The next day, 8/18, Cohen filed SEC document showing he no longer owned any shares of BBBY (because he sold it all the day before). Media picked up on that story. Market price melted down, because the #1 "Bull" shareholder in BBBY had just dumped it all. Other people saw that as a problem -- rightly so -- and also sold. Probably some shorts jumped on board, too.
That would be the ONLY smart thing to do. The guy who was supposed to be the White Knight, riding in to save the day and rescue the company that was headed for bankruptcy ... just said, "Oh, never mind ... I'm out."
THAT is the story. Staring you in the face. Yet, you guys don't want to see it. You wanna BELIEVE.
OK, to each their own.
Even after the CFO takes a swan dive, you STILL wanna believe.
OK, whatever. #1 investor says buh-bye, and the CFO in charge of the money decides to kill himself. Nothing to see here, folks. Move along ...
It's actually kinda funny, in a sad way.
(4) You say the stock did not move "by actual fundamentals like it should have." Do you even KNOW the fundamentals of BBBY? Loses money. Almost out of cash. MUST have a cash infusion -- either borrow MORE money, or issue MORE stock, both of which are not good for the stock owners.
The stock did EXACTLY what the fundamentals would dictate. Dog shit fundaments usually leads to a lower price -- UNLESS someone is manipulating it to keep the price artficially high (which appears to have been the case, for a few weeks, anyway).
Just spitballin' here ... what if the CFO, who posted a public statement via SEC filing on 8/17/22 that BBBY was going to be a-ok financially because it was getting cash coming in from both borrowing and stock issuing ... what if a week or so later he got word that the financers of that deal decided to back out because they were concerned about possible stock manipulation by Cohen and CFO (lawsuit was filed, whether valid or not, where there is smoke ... there might be fire) ... what if CFO realized he was FUCKED ... and decided to end it all?
No idea if that is what happened, but the timing of things lines up perfectly.
What if THAT is the as-yet-untold story of BBBY and the CFO suicide?
If I can see that in the stock chart and SEC filings ... you can bet your sweet ass that others who actually pay attention to this stock see it, too.
We agree on that.
False. Nobody needs to gamble like you guys are doing. You wanna? With some extra cash? Fine. But those here who can't afford it and are suckered in by the lies pushed by some here, are gonna get burned.
And THAT is not right, either.
True. I don't pay ANY attention to what the financial media says -- which is why I have no idea what they have been saying about GME, BBBY, or anything else.
And I don't care.
That is a VERY good question, and something regulators should be investigating. I have no confidence they will, but they should.
I probably know a fuck of a lot more than you do, and it is YOU and your co-conspirators on here who are spreading lies.
You imply BBBY fundamentals good. They are shit.
You say Cohen filed everything properly. He did not. Read my post below with all the links.
You say the media hates Cohen, GME, and BBBY ... yet you say the MEDIA is who "pumped" the stock. You can't have it both ways.
YOU are the one spreading manure around here.
Stop gish galloping. No one is buying your bullshit here.
Hiya, handshake.
Yet ANOTHER sock puppet account?
Ad hominem, shill.
The reason I'm suspicious of RC is he tweets "tax the rich" platitudes. Sounds like all the other rich assholes.
Is it not true that the extremely wealthy people who own everything have this game rigged in their favor?
They do. I just hear it from people like aoc and buffet.
Also, I would say the country doesn't have an income problem but a spending problem. I guess I don't really know this rc guy but I'm suspicious of the virtue signaling.
Yes, the left stance is 'rich people evil' the RINO stance is 'i support rich'
It's the same song and dance for decades. Divide and conquer. Neither side will help us against the wealthy elite families. That's where MAGA comes in.
Some added info, the CFO was a part of Avon and WBA tanking. Plus he was a Mark Tritton guy. Seems like perhaps the CFO either joined the good guys and the bad guys took him out or maybe they took him out for failing to bankrupt BBBY? Could also just be a coincidence.
Ryan Cohen had also previously gotten rid of the former CFO of Gamestop who had a history of running companies into bankruptcy and was probably a hedge fund plant.
This is it anon.
I want my tendies.
Hodl DRS is the way.
There has been some speculation that RC sold his BBBY because GME is going to buy it, or buy their Buy Buy Baby business, and he had to dump his stock prior to a sale.
Also RC is a billionaire. 68M to him is pocket change.
$68M to a billionaire is like $68 to someone who only has $1,000. 6.8% of your total wealth is not insignificant.
From what I understand that money went back to bbby.
Sauce?
https://www.investopedia.com/terms/s/shortswingprofitrule.asp#:~:text=The%20short-swing%20profit%20rule%20requires%20company%20insiders%20to,both%20transactions%20occur%20within%20a%20six-month%20period.%203
IMO Gmerica will be a series of partnerships, not a supercorp 'Amazon 2.0' monopoly that breaks anti-trust laws.
I think those theories were/are wishful thinking, confirmation bias and FUD and that if RC actually did that he'd be going to jail or court for sure.
In that case, he would be acting on non-public information for insider profit.
Illegal.
And why would a game company buy a retail company? Especially when that game company is losing its ass and has no money to buy it?
I find it VERY interesting that Cohen's stake in BBBY went from $240 million (9.8% of 80 million shares x $30 per share) down to $40 million (price down to $5) just 3 months after his "big deal" with BBBY, to the point that he got his own directors appointed to the board.
Suuuuuure was convenient that the stock shot right back up to $30 in that Pump & Dump so he could unload to get his money back right about where he had it before his move.
Funny ... a very similar thing happened back in early 2021 with GME stock ...
Funny how that happened in BOTH stocks he's involved in, huh?
He didn’t get the money. BBBY got it.
https://www.investopedia.com/terms/s/shortswingprofitrule.asp#:~:text=The%20short-swing%20profit%20rule%20requires%20company%20insiders%20to,both%20transactions%20occur%20within%20a%20six-month%20period.%203
He owned less than 10%, according to his own SEC filing.
Maybe that's why it was 9.8%, instead of 10%.
Ya think?
COMPLETE LIES.
As of the date hereof, RC Ventures directly beneficially owned 9,450,100 Shares, including 1,670,100 Shares underlying certain call options, constituting approximately 11.8% of the Shares outstanding. Mr. Cohen, as the Manager of RC Ventures, may be deemed to beneficially own the 9,450,100 Shares directly beneficially owned by RC Ventures, constituting approximately 11.8% of the Shares outstanding.
https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001199/e621886_sc13da-rcv.htm
OK. I saw 9.8% in another filing.
But of that 11.8%, some was options, which have no voting rights, and would fall under the court exception.
I suppose the stock portion was 9.8% and the options portion was 2% of the 80 million shares outstanding.
9,450,100 total - 1,670,100 options = 7,780,000 stock
If 9,450,100 total was 11.8%, that would mean total shares outstanding were about 80,085,000 or so.
The stock would then be 9.6% and the options would be 2.1%.
So, the stock portion was under the 10%.
The options have no voting rights, and would fall under the exception to the 10% rule.
But we'll see. What if he has to give any profits to BBBY?
So what?
Won't change a damn thing for the company. Maybe pay for a week or two of expenses. Means nothing.
Uh idk, your premise was he was pumping and dumping for his own benefit and thus, he is not to be trusted.
What is your purpose here?
So if I'm reading this correctly, this looks like it could add fuel to the eventual rise of GME. I mean the more the hedge funds invest in the shorting, the more the potential energy is to cause the predicted mooning. Given NCSWIC etc. I bloody hope so as I've just bought more shares. If the storm ends up not actually come my tiny holdings are going to look "pretty damn stupid with no fucking teeth". Still it is fun to actually have a horse in the race and to be buying tickets cheap.
As long as you mentally write off any investment you make in any stocks (or crypto for that matter), and you are okay with that, its all good.
Even without a MOASS event, Gamestop is transforming into a new company that will be wildly successful. They've had top talent from Apple and Amazon tweet "this was a once and a lifetime opportunity, I will be leaving to work for Gamestop" (Paraphrased)
You can't lose on this investment.
Why does CNBC and other financial outlets bash GME all the time? Why would they spend their time constantly writing hit pieces on Gamestop when, according to MSM, it is a dying brick and mortar company. When GME goes up 25% they don't say a word. One will argue "oh they are trying to protect retail from losing money" HA, since when has the controlled MSM gave a shit about us?
Now they are going after RC. As if he had something to do with the death of this BBBY guy.
Why does Gamestop report the % of shares DRSd during their recent earnings reports? Do people understand what DRSing a stock means? Retail has Direct Registered almost 50% of the companies float. Never in history has a company had so many individual investors DRSing a stock.
Why did Cocaine Cramer says "Bear Stearns is fine" four days before they went under but has been begging people to sell Gamestop for over a year now?
Exactly. CokeRat is one of the more obvious liars on CEE en bee see. Others are more subtle.
Yeah, on the days I feel a bit worried, I always look to MSM for guidance. If they are bashing someone across the board, in one hoarse MSMy voice, I know I can trust that person!
Maybe it was a message sent to RC. Hope he's protected.
I personally dont care at what price I sell GME (if I ever), as long as the MOASS wipes out the whole bunch of evil people. Thats all I ask for.
When the explosion comes how do you sell your shares of GME in computershare? I won’t sell them until someone tells me that is the moment to do it though.
https://old.reddit.com/r/Superstonk/comments/r6007w/stepbystep_on_how_to_sell_directly_from/
As for your second question, sell when you think it's okay, no one will tell you when to sell. You can sell a little bit at a time when this kicks off. That way your cost average of selling will be decent. It's very hard to tell what the peak will be. From what I understand, moass will last for days.
Hi queue, I want to ask you about the voting in computer share. I saw couple of names I do not recognize. Can you guide me with that? Please thank you. God bless
Pretty sure RC is wanting yes on all.
Who is that one? Can you tell me a little about him?
RC is the chairman of Gamestop.
Check this post about voting:
https://old.reddit.com/r/Superstonk/comments/13jaogy/vote_save_the_date_june_15_20231000amct_gamestop/
Thank you so much friend. Have a blessed day.
Ok. Thank u
MOASS is tomorrow
It's always tomorrow until it's today.
These are two very interesting threads from r/superstonks (mostly in the comments) re reports that his wife witnessed his death - and that he possibly didn’t even live in the Jenga building that he allegedly jumped from. Why would he and his wife be there?
https://www.reddit.com/r/Superstonk/comments/x5vres/i_heard_that_arnal_didnt_live_at_the_jenga_tower/?
https://www.reddit.com/r/Superstonk/comments/x5u7yg/petition_to_remove_all_arnal_postscomments_for_48/?
A little help. Please define acronyms initially in posts. Not everyone here is familiar with them, and it can be like reading a scientific paper that assumes a certain level of knowledge.
RC = Ryan Cohen
GME = GameStop stock ticker
BBBY = Bed, Bath, & Beyond stock ticker
MOASS = Mother Of All Short Squeezes
Short squeeze = https://www.investopedia.com/terms/s/shortsqueeze.asp
Very kind of you. Thanks.
I would assume everyone knows what CFO and GME are! I agree - not everyone knows what Moass is. I will update.
Artificially inflating the price? The entire stock market is artificial.
Suicide weekend getting closer…
The GME saga has been such a wild ride. I’ve been in since January 2020, and the entertainment alone is worth every penny I’ve put into the stock. Fully DRS’d and never leaving
GME will be the catalyst that begins the implosion! Physical silver will finish the financial system! Meet market manipulation, like nothing else in the world!
The amount of uninformed naysayers and potential doom shills in this post is amazingly high. Over the target.
This chimes group consist of 3 people total - xompainant has no pic and the site is under construction -
The complaint and the exhibits appear to be bullshit - broken English - Any lawyer pedes able to comment?
https://www.reddit.com/r/Superstonk/comments/x67r6i/heres_the_complaint_and_exhibits_filed_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
I know a LITTLE about a LOT….
I read and think between the lines all day and do my best to always paint a broader picture. Just your average 30 yo kid raised on furbies and Nirvana, but somewhere I branched out.
Now I can see how even my favorite music was infiltrated, and the glasses have been put on so to speak.
This said I am not going to be the next constitutional lawyer, or Wall Street banker, but I wish I understood all this GME stuff. I get the basic concept.
What gets me is how does the movie theatres company come into it? Loews? We have one near us.
I’ve seen many speculate on HOW TF this business model of theirs has survived, especially through the pandemic, and through Hollywoods colloidal failure in numbers, profits, and creative ideas on the Movie Set in the face of streaming goliaths.
It seems fairly obvious Hollywood has been using movies as nothing but money laundering and agenda peddling, IE how do these actors and producers dump so much money into rehashed remakes, FLOP in the box office, yet still come back around to do it all over again, and these archaic movie theatres have pushed through the entire time, even through pandemic losses?
Now, THAT is a good point.
A rarity around here. Kudos.
If movie theaters are dying, yet money is being thrown at them to keep them going, and the only reason is because those who push the money have a hidden agenda to influence the masses ... it is a fair point.
yes, this, it's to drive the narrative
Are they claiming he jumped out a window? I didn’t know it was possible to open a window in a modern climate-controlled skyscraper.
Yes.
He had a “20 year stint” at Proctor and Gamble
This plunge reminds me of a “suicide” out of a Las Vegas hotel window, with 40K in cash left on the bed. He dented the awning on his landing.
You can find all of Ryan Cohen's SEC filings, under his LLC name of RC Ventures LLC, here:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001822844&owner=include&count=40&hidefilings=0
March 7, 2022, he filed with the SEC his letter to BBBY, indicating he wanted to influence the direction of the company. At the time, he owned 9.8% of the company's stock:
https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm
March 25, 2022, he filed with the SEC his agreement with BBBY the he could appoint 3 directors to the board of directors:
https://www.sec.gov/Archives/edgar/data/886158/000092189522000972/ex991to13da113351002_032422.htm
These would be considered the actions of a "long-term investor."
Article about it:
https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200?mod=article_inline
April 21, 2022, he bought 1.6 million shares worth of call options, which would expire in January 2023, and they were WAY "out of the money" which means they were very cheap to buy. He probably only spent a couple hundred grand.
Looks like a "big splash" of confidence in the near-term future direction of the company.
BUT ... he did NOT disclose this at the time. KEY POINT
August 15, 2022, he FINALLY discloses his purchase of the call options back in April, with an SEC filing:
https://www.sec.gov/Archives/edgar/data/886158/000119380522001197/xslF345X02/e621885_3-bbby.xml
This indicated to the market that he was strongly bullish on the direction of the company. He did NOT disclose any intention to sell, as of August 15.
The NEXT DAY, August 16, 2022, he filed an "updated" disclosure with the SEC of his BBBY holdings -- something that appears to me was not necessary, and kept up the idea to the market that he was strongly bullish on the company:
https://www.sec.gov/Archives/edgar/data/886158/000119380522001199/e621886_sc13da-rcv.htm
BUT ... the NEXT DAY ... August 17, 2022 ... he SOLD IT ALL:
https://www.sec.gov/Archives/edgar/data/886158/000092189522002498/xslF345X03/form413351002_08182022.xml
August 18, 2022, he filed this SEC document showing "0" (zero) shares owned AFTER the dump:
https://www.sec.gov/Archives/edgar/data/886158/000092189522002496/sc13da313351002_08182022.htm
This appears to be a violation of SEC insider trading laws:
https://www.wsj.com/articles/ryan-cohens-bed-bath-beyond-stock-sales-highlight-gray-area-in-disclosure-11661733668
In addition, there is a lawsuit against him and the CFO who just jumped out of the 18-story window, alleging that the two concocted a scheme ("conspiracy") to manipulate the price of the stock:
https://greatawakening.win/p/15JTyVAgqN/
Now ...
Let's look at the chart:
https://www.barchart.com/stocks/quotes/BBBY/interactive-chart
A few things IMMEDIATELY jump out at me:
(1) There was a huge spike in the BBBY stock price on 3/7/22, right as Cohen announced his original intentions. The price almost doubled overnight.
(2) Cohen's options purchases in April were for strike prices of $60-$80 when the price was around $20. The price had not been at those levels in over 7 years. And the calls would expire in less than 1 year. Yet, he bought dirt cheap calls above the multi-year high? Why? This would be a REALLY dumb move, if he were an honest market player.
(3) He did NOT disclose this purchase until the DAY BEFORE he started the stock dump. Why not?
(4) Despite all this, the stock price continued to fall back down, from over $30 to under $5 in just 3 months. IOW: His play was not working ... at all.
(5) For no apparent reason, the price began to shoot up again, from under $5 to $30, with a big spike from $15 to $30 in TWO DAYS ... RIGHT WHEN HE DISCLOSED HIS PREVIOUS OPTION PURCHASE.
(6) As the market was buying up shares on the news of his options purchase, he was SELLING IT ALL into the rally -- right around the price that it was back in March, when he first started his disclosures. (Getting out even.)
(7) This means SOMEONE KNEW that Cohen and/or someone else was pumping the stock. A stock does not shoot up like that on NO NEWS ... unless someone is playing manipulation games.
This STRONGLY lends credibility to the lawsuit against Cohen, his dead partner, and JP Morgan.
There is also THIS little problem:
The guy who jumped out the window filed a statement with the SEC, on August 17, 2022 ... just as Cohen was dumping his stock, which stated:
https://www.sec.gov/ix?doc=/Archives/edgar/data/886158/000138713122008865/bbby-8k_081722.htm
Famous last words ...
If you wanna see what insider stock manipulation looks like ... well this is pretty damn close.
They've got ...
The guy jumped out the window because he realized he was fucked. Cohen dumped it all in a day for some reason, when CFO thought it was supposed to happen over time, hiding it. The price spike and subsequent dive totally screwed the pooch.
Or, so it would seem.
That lawsuit will be very interesting.
If the lawsuit has merit, it would appear that Cohen and Arnal concocted a scheme ... and then Cohen double-crossed his buddy, possibly seeing an opportunity to get out at breakeven, instead of the almost 90% loss that he had just a week or so before.
I have no idea why Mr. (((Cohen))) would so something like that ...
But I do find it interesting that the GME/BBBY touts are coming up with all sorts of wild theories ... including murder intrigue ... when the obvious probability is staring them right in the face.
Occam's Razor and all ...
Stopped reading this the moment you said Cohen didn’t disclose his options purchases until August. There are plenty of posts on Reddit dating back 6 months talking about his unusual high strike options purchases.
For someone who clearly doesn’t like meme stocks, very curious as to why you spend so much of your time on this forum fudding people who invested in said companies. Seriously, every time I see a GME post pop up in this forum, I already know a snarky MAG73636273857 comment isnt too far behind.
I would give the benefit of the doubt in thinking you’re trying to help people avoid potentially volatile investments, but that doesnt seem to be the case either, especially given that you yourself don’t even have your facts straight lmfao
Correct. Thanks for pointing this.
https://www.reddit.com/r/Superstonk/comments/t9lxkw/theory_ryan_cohen_purchased_bbby_options_because/
Exactly. I think you found Shorty McShortster.
Shorty mcshill
He also appears to think all Jews are bad. Notice his ((())).
He's trying so hard, taking lots of time to post lengthy comments, on something he's not invested in. I wonder why? Why is he so emotionally invested in trying to convince us GME and RC are bad.
Yeah many also purchased similar options for Jan '23 a few months ago because they already knew that Cohen had done so. His options were never a secret.
Yes, I finally found that buried in a financial statement back in March or April.
Of course, I had to find it myself. None of the "geniuses" around here who did their "DD" could point me to it.
But, he made a BIG DEAL about it by filing on 8/15, just before he unloaded.
Reminds me of the Jesse Livermore strategy, in fact it looks like the exact same strategy:
https://twitter.com/holeyprofit/status/1566531148414697472?s=21&t=2e2kAumnXdXan8UnDSs3VQ
So you think RC would ruin his own reputation and possibly get in legal trouble by pumping and dumping a stock so he could make a measly 3% of his net worth?
I suspect Ryan Cohen may have been typical Wall St, but he was flipped specifically to drive the GME MOASS. Just a hunch, no sauce. Time will tell...
Chill. I said up front it was a hunch with no sauce. If you know better, just say I'm wrong. I don't know anything about him beyond his current role at GME, where he's doing wonderful things. That said, anybody who sells stock for 68 million isn't an average joe. I certainly like what he's doing now.
TRUST THE PLAN ANON.
Let me tell you what happens when you get emotional about a stock ...
... you start to come up with and believe all sorts of delusional theories about why it is not going your way like you thought.
Happens all the time.
Problem is, you have to ask yourself how you know when it is happening to ... YOU.
True for many stock situations though you need to do more research because GME is the one in a million play. Some of your comments in this thread lead me to believe you mean well and are financially savvy but just not fully convinced of GME. I guess we will wait and see.
Does he mean well when he's saying RC is a jew? As if that implies ALL jews are bad?
Didnt see that but yea we cant label them all as evil
Do you follow the Talmud?
Is that why you previously said you enjoy making people angry?
If you know nothing stfu. Read learn and then speak!
Yeah no. Take 5 minutes and read -
GTFO I don't care about this shit anymore, anyone that even talks about stocks on here just pisses me off now. Someone commented they were axing the promised AMC stockholder platform and spooked me off AMC and I switched to GME, and lost my ass, go back and they deleted the comment which was fakeass news, they did not axe the stockholder platform at all.
Then I got Bitcoin and lost over a grand on that as well.
Eat my motherfucking ass
This is poetry
Gme is the only play. Hold and DRS and win it all back
You only lost money if you sold. This shit isn't over. Taking down the wall street cabal isn't going to be quick and easy.