Win / GreatAwakening
GreatAwakening
Sign In
DEFAULT COMMUNITIES All General AskWin Funny Technology Animals Sports Gaming DIY Health Positive Privacy
Reason: None provided.

There has been some speculation that RC sold his BBBY because GME is going to buy it

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?

Also RC is a billionaire. 68M to him is pocket change.

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?

1 year ago
1 score
Reason: Original

There has been some speculation that RC sold his BBBY because GME is going to buy it

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?

1 year ago
1 score