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.
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
What is your purpose here?