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 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?
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.