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.
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.
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.