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.
A copy of what I posted on another thread here...
Like so many other companies, the board was infiltrated with corrupt people (BCG installed) to drive the company into bankruptcy. In the case of BBBY they were succeeding, until...
Ryan Cohen stepped in and did the EXACT same playbook as he did to save GME. The corrupt CEO and three board members were fired, and replaced with RC's handpicked people, who began the process of turning the company around.
Why was the CFO, Arnal, spared the fate of the CEO & three board members when he seemed very suspect, based on his actions with Avon, and the fact that he was installed by the corrupt (now ex) CEO Mark Tritton? Hmmm....
Could it be that Arnal saw that their bankruptcy plans were foiled by RC and his team, so he "jumped ship" to side with the good guys? It looks that way as he just signed off on the 12m share ATM offering.
What happens when you double-cross the criminals that installed you in a company to sabotage it? Sometimes you end up dead.
Just my two cents from what we've learned of the evolving situation, so far.
Also, if anyone is still reading, this is why I suspect that RC and Arnal both sold on the same day (Aug 16)...
My belief is that the only reason RC bought shares and options is so he could get his agenda implemented, which was to replace the CEO and three board members with his handpicked people to turnaround the company, exactly like he did with GME. I think once RC achieved those goals he was ready to get out (of his financial stake, but not his Cooperation Agreement which is still active).
Arnal, being an insider (CFO) had to schedule the sale of his shares (he only sold a small % of his shares, BTW) months in advance. He scheduled the Aug 16 sale back in April. My hunch is that RC was ready to exit his position earlier than he did, but waited to do so until the same day as Arnal's pre-scheduled sale, so that his (RC's) sale didn't tank the stock ahead of Arnal's scheduled sale.
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.