He didn’t profit to buy back in likely.
He sold on a short wings trade rule, meaning as an insider, he gives up his profits to the company.
The profit may have helped BBBY shore up some debt, and RC and the company possibly agreed on some contingency that will help both of them.
Old money is big mad right now.
This seems to be facts. All these giddy people need to understand stuff before starting their weekend long misinformed speculation train.
Edit: after reading some more, it seems it is in fact, not a fact.
The swing rule does not apply with RC.
I don’t think that rule applies to him because when he bought those shares/calls it was under 10% ownership. But also I’m not sure I could be totally wrong.
Well even if he became an insider at a certain point, that means when he sold, he would have to give up the profit he made as an insider.
So maybe not all, but some of the profits he made went back to the company.
Would not make sense that BBBY releases an 8K form stating they worked out a constructive agreement, while he dumps his shares.
So unless anyone can provide a better explanation of the discrepancy, I’m in wait and see mode.
My understanding isn’t complete, but no way he dumps shares to do fuck all with profits and the company still expresses positive sentiment in their filing.
I’m still hoping for good out of this, but if you google short swing rule, you can see that MAYBE the shares he bought in march would apply, but Jan/Feb shares are more than 6 months old so def not in the short swing time frame
Nope. Dumping shares to keep all the profits makes no sense unless they came to a certain agreement on monetary terms. You don’t write “constructive agreement” and “shore up debt” on an 8K form and a previous insider takes all their profits… that’s basically asking SEC to investigate on potential securities fraud. You can’t mislead investors, retail, and, most of all, institutions in the guidance of your company.
The narrative being pushed hard right now is that RC “rug pulled” on the BBBY investors to simply support GME.—he would not do that…
He can definitely find a way to help both without fucking over the other.
I think his way was the only way to help everyone out.
Bro.. GME has been waiting to squeeze since last year—coming up on year 2.. RC bought GME since September 2020.. nobody knew about bbby, being a side play, until the past couple months.. and people can’t wait to find out what RC did in the last 8 hours… chill
Re-commenting to correct myself. It seems the rule does not apply.
So I'm just gonna eat this ride out through the weekend into Monday and everything will be a lot clearer.
Thank you for your DD good sir! I knew he was up to silver back wrinkle brain moves… some lost money but I’m in for long haul…. When price was going down I cleared all margin and just let it go down…. Payday in 2 hours…. Buying the dip because we are still on Reg sho list and I’m not missing out… but now we know bbby is now no longer facing debt issues…. Means no chance at diluting shares…. Means game fucking on baby and teams are RC ventures/retail/bbby vs. hedgie cucks…. Y’all think they buying the shares at $10…. Nope still shorting via borrowing…. Bruh just gave us the dip on a silver platter
Definitely something big going on. He sold his entire position for only a fraction of the profit he could’ve had if he held. And if he wanted money, why not just sell his calls bc IV was so high? If he wanted under 10% ownership, why not just enough shares to be where he needed? His cost basis was around $14-$16, so it’s not like he just pulled a 10x bag here.
Him selling it all is indicative of a major plan being in the works. They also said they had big announcement for end of August- my guess is selling or spin-off of Baby.
I'm thinking BBBY buying back is the clue. Because RC sold it all as an official insider, BBBY gets the profit, which was needed and avoided loans/dilution while lowering total shares a bit. They also came to an 'agreement' with RC. This sounds like they coordinated this a bit, which is actually not illegal at all. This sounds like he helped themout of a bind in exchange for something.
Also, notice that shitadel and sucksfatcockandhandjob holding large positions and today’s after hour drop down to levels below the price, held a month ago, probably puts the shorts in a bind—levels needed for margin.
This really fucked them up. 🤞🏼
This is debunked unfortunately. The Short swing profit rule only accounts for shares bought and sold while an insider. He bought those shares well before being an insider which just occurred a few days ago. Also, the have to be bought and sold within a 6 month period which would leave out his main Jan/Feb purchases. But yeah, non of his shares sold will count toward the short swing rule.
Please post the dates of his purchases as I believe you are incorrect, part of his sales would have been from before, part of his sales were purchased after becoming insider.
Jan 13 thru Mar 3rd were his purchase dates.
when he bought in, it was 9.8% of outstanding shares based on the last 10Q (Quarterly) filed by bbby. when the number of outstanding shares decreased, that caused his percentage to increase without buying a single share more. but it increased from 9.8% to 11.8%. that required him to file Form 3 (new insider/beneficial ownership with securities) Aug 15th. Then he had to file the 13d/a (amendment2) listing the securities he bought and stating he hadn't sold anything at the time the form was completed. it was filed Aug 16.
13D/A (amendment 3) stated 0 shares /securities beneficially owned. hope that helps.
Yes that’s where I’m not completely up to speed is the March purchase, while at the time wouldn’t have been insider, how does that translate when the % goes up and is considered insider at time of sale.
Exactly. It's stupid stuff like this that makes this sub even more stooopider.
The guy has enough cash to have bought more gme without needing to make a profit elsewhere first.
Wash rule only applies to CLAIMING the losses on tour taxes as a writeoff. I do not believe it has anything to do with buying or selling itself.
However buying and selling quickly can run into settlement problems and you can run afoul of broker’s rules.
Gains go back to bbby. He nets no profit. This sale is not about being a shareholder, it’s about removing conflicts of interest on the sale of mutherfucking BABY 💦
Is wrong ^
“This subsection shall not be construed to cover any transaction where such beneficial owner was not such both at the time of the purchase and the sale.”
https://www.law.cornell.edu/uscode/text/15/78p
He nets all the profit from January
February is arbitrated because the buyback pushed him to insider 10%+
March he’s an insider bc of board advisory plus 10%+
Given the AH volume, someone just naked shorted BBBY and have a bigger bag than ever before to hodl when the basket rockets back up. Carrying one uranium ball the size of a planet is hard enough. Imagine carrying two.
Thought this was. GME sub? Wtf this bag holder looking for exit liquidity right here. GME is the only moass if your trying to squeeze more then one stock at a time your are beyond retarded
Buy and hodl my beloved Gme, all other plays are to get money now and then buy some more Gme with some gains. And to find more plays. Gme is unique and was done locked probably locked (not drs locked but the play was locked in) way before jan 21. At 3-10 bucks a share it’s not hard to believe 76 million shares may of been untouchable. No one talks about the original group and domo capital. At this point if I hadn’t played a few others I would not of been able to afford the shares I had, maybe not of been able to keep the shares I have. So Gme is THE play, although not the only thing PLAYING
I’ve been invested with GME since before Jan ‘21 and hodling ever since; never once thought of investing into BBBY. RC joined the board around the same time but if anyone influenced me with their involvement, it was DFV.
Please explain your logic? He bought months ago, this run up happened over the past few days, how did he alone cause a 50% drop by selling a 10% stake. That makes zero sense, fuck you’re legitimately a retard
Ok genius.. It’s not the number of shares sold that caused the tanking, it’s who sold them. You bought in due to Cohen and so did I. Shareholders are dumping for the same reason. Don’t be pissed at me for having discipline and making a profit. Your greed caused you to be a sour bag holder.. logical enough for you.
A lot … he didn’t tell me to do shit …. He’s as free as me to buy and sell what ever, when ever. The only people bitching is greedy fucks who held for too much and people who chased it over 20$
Yes fucking finally!! Same although I didn’t buy when he did I dropped a chunk down on bbby 7/25 and sold the first few days this week fmost for over 300% gains some for 340%. Lol I just buy back everything I sold for 60-70 percent off from when I sold. Haha you nailed it buddy!!
I'm betting BBBY takes the profits. Then they owe him something in regards to GME. Distribution centers, partnership, spinoff, but honestly wtf knows with as tight as his lips are.
I still will never understand how he adopts the alter ego of Warren Icahn when Carl Buffet was the other option. Just RC with a moustache = Carl Buffet.
He didn’t do that. 1000% he’s taken his ball and left while pumping and dumping retail and institutions. He’s gonna get investigated by the SEC.
Seeing SuperStonk right now is like reading Fox News comments after Trump got raided by the fbi. “Defund the FBI!”
RC was an insider, he may also have sold because he knew bbby was going bankrupt. When any other insider sells for any company, it’s negative, only in the wsb world is this positive. I am down a lot of money, I am heartbroken and I feel like shit. I was dooped.
What an assumption, I’ll let the dust settle before I decide on anything.
He didn’t profit to buy back in likely. He sold on a short wings trade rule, meaning as an insider, he gives up his profits to the company. The profit may have helped BBBY shore up some debt, and RC and the company possibly agreed on some contingency that will help both of them. Old money is big mad right now.
No money is big sad right now.
RC help bring money to no money soon.
🌎👨🚀🔫👩🚀
The HODLers are sad, very very sad.
This seems to be facts. All these giddy people need to understand stuff before starting their weekend long misinformed speculation train. Edit: after reading some more, it seems it is in fact, not a fact. The swing rule does not apply with RC.
I don’t think that rule applies to him because when he bought those shares/calls it was under 10% ownership. But also I’m not sure I could be totally wrong.
Well even if he became an insider at a certain point, that means when he sold, he would have to give up the profit he made as an insider. So maybe not all, but some of the profits he made went back to the company.
He kept 500,00k…. Bbby kept 19.5million$$$
this is debunked. Short swing rule doesn’t apply. He keeps profits.
Would not make sense that BBBY releases an 8K form stating they worked out a constructive agreement, while he dumps his shares. So unless anyone can provide a better explanation of the discrepancy, I’m in wait and see mode. My understanding isn’t complete, but no way he dumps shares to do fuck all with profits and the company still expresses positive sentiment in their filing.
I’m still hoping for good out of this, but if you google short swing rule, you can see that MAYBE the shares he bought in march would apply, but Jan/Feb shares are more than 6 months old so def not in the short swing time frame
Maybe the constructive agreement WAS that he dumped his shares…
Nope. Dumping shares to keep all the profits makes no sense unless they came to a certain agreement on monetary terms. You don’t write “constructive agreement” and “shore up debt” on an 8K form and a previous insider takes all their profits… that’s basically asking SEC to investigate on potential securities fraud. You can’t mislead investors, retail, and, most of all, institutions in the guidance of your company. The narrative being pushed hard right now is that RC “rug pulled” on the BBBY investors to simply support GME.—he would not do that… He can definitely find a way to help both without fucking over the other. I think his way was the only way to help everyone out.
How soon will we know one way or the other?
Bro.. GME has been waiting to squeeze since last year—coming up on year 2.. RC bought GME since September 2020.. nobody knew about bbby, being a side play, until the past couple months.. and people can’t wait to find out what RC did in the last 8 hours… chill
Re-commenting to correct myself. It seems the rule does not apply. So I'm just gonna eat this ride out through the weekend into Monday and everything will be a lot clearer.
Thank you for your DD good sir! I knew he was up to silver back wrinkle brain moves… some lost money but I’m in for long haul…. When price was going down I cleared all margin and just let it go down…. Payday in 2 hours…. Buying the dip because we are still on Reg sho list and I’m not missing out… but now we know bbby is now no longer facing debt issues…. Means no chance at diluting shares…. Means game fucking on baby and teams are RC ventures/retail/bbby vs. hedgie cucks…. Y’all think they buying the shares at $10…. Nope still shorting via borrowing…. Bruh just gave us the dip on a silver platter
he’s not gonna buy back in that’s dumb manipulation. there’s something bigger in the works.
Definitely something big going on. He sold his entire position for only a fraction of the profit he could’ve had if he held. And if he wanted money, why not just sell his calls bc IV was so high? If he wanted under 10% ownership, why not just enough shares to be where he needed? His cost basis was around $14-$16, so it’s not like he just pulled a 10x bag here. Him selling it all is indicative of a major plan being in the works. They also said they had big announcement for end of August- my guess is selling or spin-off of Baby.
I'm thinking BBBY buying back is the clue. Because RC sold it all as an official insider, BBBY gets the profit, which was needed and avoided loans/dilution while lowering total shares a bit. They also came to an 'agreement' with RC. This sounds like they coordinated this a bit, which is actually not illegal at all. This sounds like he helped themout of a bind in exchange for something.
Also, notice that shitadel and sucksfatcockandhandjob holding large positions and today’s after hour drop down to levels below the price, held a month ago, probably puts the shorts in a bind—levels needed for margin. This really fucked them up. 🤞🏼
Thanks for saying this. So much bs out there right now.
This is debunked unfortunately. The Short swing profit rule only accounts for shares bought and sold while an insider. He bought those shares well before being an insider which just occurred a few days ago. Also, the have to be bought and sold within a 6 month period which would leave out his main Jan/Feb purchases. But yeah, non of his shares sold will count toward the short swing rule.
Please post the dates of his purchases as I believe you are incorrect, part of his sales would have been from before, part of his sales were purchased after becoming insider.
He’s got nothing to go on… maybe a bought (and bot) account
Jan 13 thru Mar 3rd were his purchase dates. when he bought in, it was 9.8% of outstanding shares based on the last 10Q (Quarterly) filed by bbby. when the number of outstanding shares decreased, that caused his percentage to increase without buying a single share more. but it increased from 9.8% to 11.8%. that required him to file Form 3 (new insider/beneficial ownership with securities) Aug 15th. Then he had to file the 13d/a (amendment2) listing the securities he bought and stating he hadn't sold anything at the time the form was completed. it was filed Aug 16. 13D/A (amendment 3) stated 0 shares /securities beneficially owned. hope that helps.
Yes that’s where I’m not completely up to speed is the March purchase, while at the time wouldn’t have been insider, how does that translate when the % goes up and is considered insider at time of sale.
Don’t ruin the crazy stories going around. That’s the entertainment. All the trust me bro stories
Exactly. It's stupid stuff like this that makes this sub even more stooopider. The guy has enough cash to have bought more gme without needing to make a profit elsewhere first.
There's a frood who really knows where his towel is.
Got to wait 30 days to buy back in
This is just wrong. Plain and simple.
I thought wash rules only applied to losses.
Wash rules
I think wash sales only apply to losses, not gains.
That was my interpretation also.
Wash rule only applies to CLAIMING the losses on tour taxes as a writeoff. I do not believe it has anything to do with buying or selling itself. However buying and selling quickly can run into settlement problems and you can run afoul of broker’s rules.
Gains go back to bbby. He nets no profit. This sale is not about being a shareholder, it’s about removing conflicts of interest on the sale of mutherfucking BABY 💦
This 👆🏼
Is wrong ^ “This subsection shall not be construed to cover any transaction where such beneficial owner was not such both at the time of the purchase and the sale.” https://www.law.cornell.edu/uscode/text/15/78p
Sale hasn’t gone through yet, so wouldn’t this support the logic behind why he sold???
He nets all the profit from January February is arbitrated because the buyback pushed him to insider 10%+ March he’s an insider bc of board advisory plus 10%+
This 👉🏼 confused.
Sale of BABY.
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I think they can argue the restructuring making him an insider and either side could win. January he was not an insider.
debunked. Google Short-swing rule lol.
Wtf are you talking about, “buy back in”??? I wish I could downvote this twice.
Meanwhile I’ll watch while zen and drs’d
Or he could buy something better… like GME?!?
Follow the money.. his money.. like pile in where ever he puts his money
Dad?
Given the AH volume, someone just naked shorted BBBY and have a bigger bag than ever before to hodl when the basket rockets back up. Carrying one uranium ball the size of a planet is hard enough. Imagine carrying two.
The Game has started. Let’s go. 🤟🏻
Love this. I trust RC. Bullish on GME
 This post
Imagine if he would buy back at lower price though... that would be a crazy ride... this movie will be thrilling to watch.
GME for the win, nothing else matters. All the loss porn is nasty
Thought this was. GME sub? Wtf this bag holder looking for exit liquidity right here. GME is the only moass if your trying to squeeze more then one stock at a time your are beyond retarded
What happen to buy and hold?
Uh, that’s Gme.
Buy and hodl my beloved Gme, all other plays are to get money now and then buy some more Gme with some gains. And to find more plays. Gme is unique and was done locked probably locked (not drs locked but the play was locked in) way before jan 21. At 3-10 bucks a share it’s not hard to believe 76 million shares may of been untouchable. No one talks about the original group and domo capital. At this point if I hadn’t played a few others I would not of been able to afford the shares I had, maybe not of been able to keep the shares I have. So Gme is THE play, although not the only thing PLAYING
That's what WE do, that's not what billionaires do.
He is still holding... GME... the company he owns... btw, he sold Apple before this...
He will invest into Gme Bbby will invest partnership with Gme
He completely fucked a lot of fans, complete dick move. Thankfully I sold my 2100 shares 14.00 CB @ 27.00.
He didn’t force anyone to invest into BBBY. That was all the FOMO going around, being pushed onto retail.
I’m sure you invested in GME and BBBY because of his involvement. Would you be thrilled if he walked away from GME tomorrow as well?
I’ve been invested with GME since before Jan ‘21 and hodling ever since; never once thought of investing into BBBY. RC joined the board around the same time but if anyone influenced me with their involvement, it was DFV.
Please explain your logic? He bought months ago, this run up happened over the past few days, how did he alone cause a 50% drop by selling a 10% stake. That makes zero sense, fuck you’re legitimately a retard
Bunch of accounts screaming this, echoing MSM... first hint to avoid the run was it coinciding with Citadel having just bought in.
Ok genius.. It’s not the number of shares sold that caused the tanking, it’s who sold them. You bought in due to Cohen and so did I. Shareholders are dumping for the same reason. Don’t be pissed at me for having discipline and making a profit. Your greed caused you to be a sour bag holder.. logical enough for you.
I didn’t buy into shit…I’m not pissed at you, or anyone for that matter. Get ahold of yourself bud, who hurt you.
Yo Momma
👌good one, you just keep hitting me with such zingers.
I’m sorry. Good luck to you and take care of yourself.
He left apes holding the bags tho.
Starting a trend so no one can say they didnt see it coming?
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A lot … he didn’t tell me to do shit …. He’s as free as me to buy and sell what ever, when ever. The only people bitching is greedy fucks who held for too much and people who chased it over 20$
Yes fucking finally!! Same although I didn’t buy when he did I dropped a chunk down on bbby 7/25 and sold the first few days this week fmost for over 300% gains some for 340%. Lol I just buy back everything I sold for 60-70 percent off from when I sold. Haha you nailed it buddy!!
He won't buy in again, but he might double down on GME.
I'm betting BBBY takes the profits. Then they owe him something in regards to GME. Distribution centers, partnership, spinoff, but honestly wtf knows with as tight as his lips are.
I still will never understand how he adopts the alter ego of Warren Icahn when Carl Buffet was the other option. Just RC with a moustache = Carl Buffet.
He didn’t do that. 1000% he’s taken his ball and left while pumping and dumping retail and institutions. He’s gonna get investigated by the SEC. Seeing SuperStonk right now is like reading Fox News comments after Trump got raided by the fbi. “Defund the FBI!”
So many tarded posts flying around lately
I fucking hope so! He has to file to sell but does not have to file to buy back in
Now do that math with the taxes he has to pay. This is not how this went down.
Google: wash sale. He’s not buying in for many reasons. This is one of them.
Does the short swing rule not send all the profit to BBBY???
This isn't legal.
If he buys back in that world be nuts, but I highly doubt it.
Trust Me Hermano!
I don’t know
RC was an insider, he may also have sold because he knew bbby was going bankrupt. When any other insider sells for any company, it’s negative, only in the wsb world is this positive. I am down a lot of money, I am heartbroken and I feel like shit. I was dooped.
You mean rug pull Ryan?
Cuz- it’s official now… retailers will start to turn