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 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?
Look into Jake Freeman with Freeman Cap Mgmt. An odd character that popped up out of nowhere. Supposedly a USC student that pulled together $20+m in funding from friends and family, put it all in BBBY, actively tried hyping up his involvement in the BBBY subreddit, sold his entire stake during the runup and walked away with $100m+
Whole thing about him seems off
I think he reported more than was required and some of his shares was sold within a 6 month window.