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.
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?