GMERICA: RICO's Rough Sting & Launching TEDDY on tZERO, Part 6
This post is just my opinion, and I am not a financial advisor. Do your own research.
We are living in a simulation and the movie is about to reach a climax.
In this post, I will be covering GameStop, Bed Bath & Beyond and the launch of TEDDY using tZERO with the help of an unexpected friend.
To start, I want to apologize for my post last weekend. It featured a fake screenshot of @ryancohen and @kaismaalej on a conference call. I am not aware of any verifiable communication between them so let's clear that up. I also deleted the post, after confirming something.
I reached out to Kais and apologized too. I knew the screenshot was fake from just looking at the original poster's X feed, since it was full of community-bashing comments and shilling.
The purpose of that post was to lead into this, part 6 and what is coming next - The Humiliation.
Many of you have followed me since $GME r/Superstonk and will recall one of my very first Due Diligence (DD) posts I ever wrote.
It was called, Wolves in Sheep Clothing and it's posted under the Highlights section on my X profile. That DD exposed some of the inner working of Superstonk, the Mods, and the bad actors or shills running that community.
We are all individual investors, with each of us holding for different reasons. I am holding because of Ryan Cohen, and I believe in what he is building with the Activist Affiliates (see my pinned profile post).
I invest in people like Ryan Cohen, not faceless companies and I'd guess many are too.
For those same reasons, these shills have migrated as well, following RC and infiltrating the communities created as a result of his investments into GameStop and Bed Bath & Beyond.
Over the last month, many of these bad actors have been exposed as deep-cover shill agents holding positions of authority, as DD writers, and as propped up community members.
With its latest discovery including Dismal-Jellyfish, a moderator and fake DD writer on Superstonk. He is the $BBBYQ equivalent of Neelay Das, who is currently stalling the courts in an attempt to delay the exit of Bed Bath & Beyond from chapter 11.
I understand that some people prefer to avoid this so-called drama, but there's a reason for it.
Exposing this only scratches the surface of a wide and vast shadow network that is operating behind the scenes. The sooner you accept and acknowledge that, the better prepared you will be for what's coming.
I mention this because there are many, many eyes watching. The bad actors and the white hats, or good guys. Each making counter moves against the other behind the scenes, and preparing for a final showdown.
Now, let's dive into…
RICO's Rough Sting
First off, what is RICO? It's an abbreviation for Racketeer Influenced and Corrupt Organizations Act. That's what the US Government used to take down organized crime and the mafia in the 1970s.
RICO is also used to describe 35 offenses, including kidnapping, murder, bribery, arson and extortion.
And it's not limited to just organized crime but also white collar crime like securities fraud where the Department of Justice (DOJ), a US Government agency, is responsible for enforcement with the help of the Securities & Exchange Commission (SEC).
From Grok: securities fraud, in the context of RICO, can involve a variety of deceptive practices in the stock and securities markets. These might include insider trading, Ponzi schemes, or false statements made to artificially inflate stock prices. The RICO Act allows for both criminal and civil actions to be brought against these financial terrorists.
RICO will go after everyone and anyone involved in securities fraud, racketeering, co-conspirators, and related crime. There is No Limit to who it won't reach and I hope it includes all the sleeper agent shills because where there is money involved, there's a paper trail, and probably an indictment waiting.
Time has run out.
We Are Living in a Fraudulent System
To see how RICO may apply, here are some key events from this saga:
It started in January 2021 with the GameStop squeeze (also known as the "sneeze"), where Robinhood turned off the buy button and collapsed the momentum of $GME from skyrocketing.
It was the first time in history where multiple stock brokers colluded and turned off the buy button because they were losing and decided to cheat mid-game.
Thomas Petterfy, CEO of Interactive Brokers, admitted on CNBC that he was terrified of domino bankruptcy. The shorts have not closed and the squeeze has not squoze, hence the sneeze.
It was later discovered that Robinhood operated on payment for order flow (PFOF) where it sends your trades to a market maker named Citadel or Virtu (currently under SEC investigation).
Citadel then executes your trade at a higher bid and skims money off of you, passing some of it back to Robinhood. John Stewart hosted a show to reveal PFOF. It's a dirty game and it looks like Bribery.
Next, there was TD Ameritrade's data warehouse and building which caught on fire then burned down. They claimed that the entire sprinkler system was knocked offline by a single falling shelf, which is hard to believe for an important data warehouse that was designed with protective safeguards and redundancy.
TD Ameritrade was speculated to hold important financial records and transactions relating to the GameStop sneeze and cohencidentally, the paper trail ended in a blazing fire.
There was a post on Reddit from a firefighter who said the building should have never burned down unless someone purposefully disabled the fire suppression systems which are backed by 24/7 monitoring and alarms that would notify dispatch of a fire.
But what was more shocking was the online video footage that showed construction crews hauling debris in smoldering hot flames (if you find the video, post it below). It looked like a cover up crew for Arson.
Now these events cover a tiny fraction of the numerous financial crimes committed, but let's keep going and see how much RICO will be capturing in the Storm.
GameStop issued a 4 to 1 split-dividend share in July 22, 2022, however, it was processed incorrect and exposed the Depository Trust Corporation (DTC or Cede & Co.) for international securities fraud.
The DTC is a clearinghouse for settling trades and it falsely instructed the brokers to process GameStop as a stock split, which doubles your existing share count instead of a split-dividend, which awards additional free shares. This is strange because Tesla has completed split-dividend transactions under the DTC without hassle.
Only with $GME did it become a problem, so perhaps the DTC ran out of dividend shares to award and resorted to stock-splitting, thus proving synthetic shares exist.
Why else risk committing securities fraud?
FINRA once reported $GME short interest at 226%. However, it's been nearly 3 years and shorts haven't closed, so it's probably over 9,000%.
For Direct Registered shareholders using Computershare, they were able to receive their split-dividend shares quickly. However, for non-DRS shareholders, some received the dividend but many did not.
In fact, a majority of non-DRS investors received stock split shares but no dividend from their brokers, which messed up their cost-basis for tax reporting purposes.
To make matters worse, international $GME investors were especially screwed over by brokers that operated on Contract for Difference (CFD). CFD exposed those brokers as issuing phantom shares or paper trading because the shares were never purchased and proves that brokers are swimming naked.
It's similar to now defunct crypto-FTX, where the exchange never held any real coins or reserves for its users. It was paper-trading and running a ponzi scheme made possible by the CFTC or Commodity Futures Trading Commission (the DTC equivalent for crypto).
Long story short, everything points back to the DTC and clearinghouses that act as middle-men for all these financial crimes. You could almost say kickbacks and Bribery is involved between brokers, exchanges, and clearinghouses. It's one big club and you're not in it.
GameStop once said in an SEC filing that if the DTC could not fulfill its obligations to deliver shares, then it would withdraw from the exchange and relist elsewhere. Since then, GameStop has pulled its credit rating too which is the first step towards a Merger & Acquisition. And I believe GameStop will play a significant role with the upcoming arrival of new company, Teddy.
Moving on, in November 30, 2021, Fidelity made 11 million $GME shares available to short. The cost to borrow had been skyrocketing in prior weeks and it looked like GameStop's stock was going to run, but out of nowhere the stock price fell off a cliff.
The collapsed stock price was timed exactly to end at 12:10pm when 11M shares appeared and were used to short GameStop. Shareholders exposed Fidelity on the subs and the moderators at r/Fidelity issued an apology due to a "glitch." The discovery triggered a mass exodus with shareholders leaving Fidelity and signing up for Computershare to Direct Register Shares (protect your shares, learn ). GameStop later began sharing DRS count numbers in SEC filings, the first company of its kind.
Now it goes without saying, but Computershare is also no saint. Computershare has been questionable in several instances like removing 2-Factor Authentication without notifying its users. Computershare 2FA getting wiped out also matched an event when Reddit suffered a blackout, probably cohencidence.
Computershare has also spread FUD about DSP Plan vs. Book-entry DRS, only to later confirm DSPP (direct stock purchase plan) still enables the DTC to use DRS shares as $GME locates to enable shorting and failure-to-deliver shares (FTDs).
Do you think it was incompetence or willful ignorance?
Here, you decide - Computershare has revised their FAQs:
Regardless, DRS is still the way since it proves your shares are real and in your name when you Direct Register.
It enables you get priority shares if a dividend or unit share(s) are issued. Besides, your name appears in the same ledger next to Ryan Cohen in book-entry form for peace of mind. All board members at GameStop are DRS by default and Computershare is their official transfer agent, as listed on Investor Relations.
Throughout this saga, there has been a never-ending list of crimes committed and I believe those events have all been logged and recorded. The entire system is fraudulent and there is no saving it.
Enter The Sting: Cellar Boxer vs. Activist Investor
The events that have transpired fall under DOJ purview and are crimes under RICO. The worse part, is that it's still just scratching the surface but that's all about to change.
Between the stocks at GameStop and Bed Bath & Beyond, these two have shared very similar price movements either tracking similarly or inverted at times which makes zero sense because of a difference in their market cap size, total shares outstanding, and stock price.
By deductive reasoning, market manipulation and fraud is happening, everyday. I believe Ryan Cohen realized that before announcing his proxy bid for GameStop in 2020 and then putting his plans into motion.
Now let's turn to Bed Bath & Beyond, the last company Ryan Cohen invested into and see how RICO will apply:
Last year on September 4, 2022, the CFO Gustavo Arnal of Bed Bath & Beyond committed suicide by jumping off the 18th floor balcony. That's hard to believe because different articles state his family was in the room before he jumped. CFO's are responsible for managing the finances and money of the company, therefore, anything related to potential fraud usually involves the CFO.
Some may even recall Jim Cramer frantically tweeting that BBBY needs to sell shares.
Perhaps something else more sinister was going on in that room leading up to that very moment. Take a wild guess, but I doubt suicide as much as Epstein hanging himself.
🧵/1WhyDRS.org
Gamestop.com
This post is just my opinion, and I am not a financial advisor. Do your own research.
We are living in a simulation and the movie is about to reach a climax.
In this post, I will be covering GameStop, Bed Bath & Beyond and the launch of TEDDY using tZERO with the help of an unexpected friend.
To start, I want to apologize for my post last weekend. It featured a fake screenshot of @ryancohen and @kaismaalej on a conference call. I am not aware of any verifiable communication between them so let's clear that up. I also deleted the post, after confirming something.
I reached out to Kais and apologized too. I knew the screenshot was fake from just looking at the original poster's X feed, since it was full of community-bashing comments and shilling.
The purpose of that post was to lead into this, part 6 and what is coming next - The Humiliation.
Many of you have followed me since $GME r/Superstonk and will recall one of my very first Due Diligence (DD) posts I ever wrote.
It was called, Wolves in Sheep Clothing and it's posted under the Highlights section on my X profile. That DD exposed some of the inner working of Superstonk, the Mods, and the bad actors or shills running that community.
We are all individual investors, with each of us holding for different reasons. I am holding because of Ryan Cohen, and I believe in what he is building with the Activist Affiliates (see my pinned profile post).
I invest in people like Ryan Cohen, not faceless companies and I'd guess many are too.
For those same reasons, these shills have migrated as well, following RC and infiltrating the communities created as a result of his investments into GameStop and Bed Bath & Beyond.
Over the last month, many of these bad actors have been exposed as deep-cover shill agents holding positions of authority, as DD writers, and as propped up community members.
With its latest discovery including Dismal-Jellyfish, a moderator and fake DD writer on Superstonk. He is the $BBBYQ equivalent of Neelay Das, who is currently stalling the courts in an attempt to delay the exit of Bed Bath & Beyond from chapter 11.
I understand that some people prefer to avoid this so-called drama, but there's a reason for it.
Exposing this only scratches the surface of a wide and vast shadow network that is operating behind the scenes. The sooner you accept and acknowledge that, the better prepared you will be for what's coming.
I mention this because there are many, many eyes watching. The bad actors and the white hats, or good guys. Each making counter moves against the other behind the scenes, and preparing for a final showdown.
Now, let's dive into…
RICO's Rough Sting
First off, what is RICO? It's an abbreviation for Racketeer Influenced and Corrupt Organizations Act. That's what the US Government used to take down organized crime and the mafia in the 1970s.
RICO is also used to describe 35 offenses, including kidnapping, murder, bribery, arson and extortion.
And it's not limited to just organized crime but also white collar crime like securities fraud where the Department of Justice (DOJ), a US Government agency, is responsible for enforcement with the help of the Securities & Exchange Commission (SEC).
From Grok: securities fraud, in the context of RICO, can involve a variety of deceptive practices in the stock and securities markets. These might include insider trading, Ponzi schemes, or false statements made to artificially inflate stock prices. The RICO Act allows for both criminal and civil actions to be brought against these financial terrorists.
RICO will go after everyone and anyone involved in securities fraud, racketeering, co-conspirators, and related crime. There is No Limit to who it won't reach and I hope it includes all the sleeper agent shills because where there is money involved, there's a paper trail, and probably an indictment waiting.
Time has run out.
We Are Living in a Fraudulent System
To see how RICO may apply, here are some key events from this saga:
It started in January 2021 with the GameStop squeeze (also known as the "sneeze"), where Robinhood turned off the buy button and collapsed the momentum of $GME from skyrocketing.
It was the first time in history where multiple stock brokers colluded and turned off the buy button because they were losing and decided to cheat mid-game.
Thomas Petterfy, CEO of Interactive Brokers, admitted on CNBC that he was terrified of domino bankruptcy. The shorts have not closed and the squeeze has not squoze, hence the sneeze.
It was later discovered that Robinhood operated on payment for order flow (PFOF) where it sends your trades to a market maker named Citadel or Virtu (currently under SEC investigation).
Citadel then executes your trade at a higher bid and skims money off of you, passing some of it back to Robinhood. John Stewart hosted a show to reveal PFOF. It's a dirty game and it looks like Bribery.
Next, there was TD Ameritrade's data warehouse and building which caught on fire then burned down. They claimed that the entire sprinkler system was knocked offline by a single falling shelf, which is hard to believe for an important data warehouse that was designed with protective safeguards and redundancy.
TD Ameritrade was speculated to hold important financial records and transactions relating to the GameStop sneeze and cohencidentally, the paper trail ended in a blazing fire.
There was a post on Reddit from a firefighter who said the building should have never burned down unless someone purposefully disabled the fire suppression systems which are backed by 24/7 monitoring and alarms that would notify dispatch of a fire.
But what was more shocking was the online video footage that showed construction crews hauling debris in smoldering hot flames (if you find the video, post it below). It looked like a cover up crew for Arson.
Now these events cover a tiny fraction of the numerous financial crimes committed, but let's keep going and see how much RICO will be capturing in the Storm.
GameStop issued a 4 to 1 split-dividend share in July 22, 2022, however, it was processed incorrect and exposed the Depository Trust Corporation (DTC or Cede & Co.) for international securities fraud.
The DTC is a clearinghouse for settling trades and it falsely instructed the brokers to process GameStop as a stock split, which doubles your existing share count instead of a split-dividend, which awards additional free shares. This is strange because Tesla has completed split-dividend transactions under the DTC without hassle.
Only with $GME did it become a problem, so perhaps the DTC ran out of dividend shares to award and resorted to stock-splitting, thus proving synthetic shares exist.
Why else risk committing securities fraud?
FINRA once reported $GME short interest at 226%. However, it's been nearly 3 years and shorts haven't closed, so it's probably over 9,000%.
For Direct Registered shareholders using Computershare, they were able to receive their split-dividend shares quickly. However, for non-DRS shareholders, some received the dividend but many did not.
In fact, a majority of non-DRS investors received stock split shares but no dividend from their brokers, which messed up their cost-basis for tax reporting purposes.
To make matters worse, international $GME investors were especially screwed over by brokers that operated on Contract for Difference (CFD). CFD exposed those brokers as issuing phantom shares or paper trading because the shares were never purchased and proves that brokers are swimming naked.
It's similar to now defunct crypto-FTX, where the exchange never held any real coins or reserves for its users. It was paper-trading and running a ponzi scheme made possible by the CFTC or Commodity Futures Trading Commission (the DTC equivalent for crypto).
Long story short, everything points back to the DTC and clearinghouses that act as middle-men for all these financial crimes. You could almost say kickbacks and Bribery is involved between brokers, exchanges, and clearinghouses. It's one big club and you're not in it.
GameStop once said in an SEC filing that if the DTC could not fulfill its obligations to deliver shares, then it would withdraw from the exchange and relist elsewhere. Since then, GameStop has pulled its credit rating too which is the first step towards a Merger & Acquisition. And I believe GameStop will play a significant role with the upcoming arrival of new company, Teddy.
Moving on, in November 30, 2021, Fidelity made 11 million $GME shares available to short. The cost to borrow had been skyrocketing in prior weeks and it looked like GameStop's stock was going to run, but out of nowhere the stock price fell off a cliff.
The collapsed stock price was timed exactly to end at 12:10pm when 11M shares appeared and were used to short GameStop. Shareholders exposed Fidelity on the subs and the moderators at r/Fidelity issued an apology due to a "glitch." The discovery triggered a mass exodus with shareholders leaving Fidelity and signing up for Computershare to Direct Register Shares (protect your shares, learn ). GameStop later began sharing DRS count numbers in SEC filings, the first company of its kind.
Now it goes without saying, but Computershare is also no saint. Computershare has been questionable in several instances like removing 2-Factor Authentication without notifying its users. Computershare 2FA getting wiped out also matched an event when Reddit suffered a blackout, probably cohencidence.
Computershare has also spread FUD about DSP Plan vs. Book-entry DRS, only to later confirm DSPP (direct stock purchase plan) still enables the DTC to use DRS shares as $GME locates to enable shorting and failure-to-deliver shares (FTDs).
Do you think it was incompetence or willful ignorance?
Here, you decide - Computershare has revised their FAQs:
Regardless, DRS is still the way since it proves your shares are real and in your name when you Direct Register.
It enables you get priority shares if a dividend or unit share(s) are issued. Besides, your name appears in the same ledger next to Ryan Cohen in book-entry form for peace of mind. All board members at GameStop are DRS by default and Computershare is their official transfer agent, as listed on Investor Relations.
Throughout this saga, there has been a never-ending list of crimes committed and I believe those events have all been logged and recorded. The entire system is fraudulent and there is no saving it.
Enter The Sting: Cellar Boxer vs. Activist Investor
The events that have transpired fall under DOJ purview and are crimes under RICO. The worse part, is that it's still just scratching the surface but that's all about to change.
Between the stocks at GameStop and Bed Bath & Beyond, these two have shared very similar price movements either tracking similarly or inverted at times which makes zero sense because of a difference in their market cap size, total shares outstanding, and stock price.
By deductive reasoning, market manipulation and fraud is happening, everyday. I believe Ryan Cohen realized that before announcing his proxy bid for GameStop in 2020 and then putting his plans into motion.
Now let's turn to Bed Bath & Beyond, the last company Ryan Cohen invested into and see how RICO will apply:
Last year on September 4, 2022, the CFO Gustavo Arnal of Bed Bath & Beyond committed suicide by jumping off the 18th floor balcony. That's hard to believe because different articles state his family was in the room before he jumped. CFO's are responsible for managing the finances and money of the company, therefore, anything related to potential fraud usually involves the CFO.
Some may even recall Jim Cramer frantically tweeting that BBBY needs to sell shares.
Perhaps something else more sinister was going on in that room leading up to that very moment. Take a wild guess, but I doubt suicide as much as Epstein hanging himself.
🧵/1WhyDRS.org
Gamestop.com
Now, what could have triggered the CFO of Bed Bath & Beyond to end in an untimely demise?
The answer is fraud and it's related to accelerated stock buy backs dating back to 2020. According to , the buy back started at $675 million (2020), then $225M (2021), and finally totaling out to $1 Billion dollars by end of year 2021.
The company used its entire $1.5 Billion cash within 18 months and it was one of the most aggressive stock buy backs in history. The stock buy back was meant to be spread out over a 3-year period, instead of half the time.
However, things took a swift turn with Ryan Cohen's activist letter to the board at Bed Bath & Beyond on March 6, 2022.
When RC became a majority shareholder at Bed Bath & Beyond with a controlling stake at 9.8%, he signed a cooperation agreement with the company and its CEO, Mark Tritton on March 24, 2022.
That agreement made Ryan Cohen an insider of the company and gave him access to view non-public details. Therefore, when Ryan Cohen sold his $BBBY shares on August 16, 2022, it opened a can of worms.
Prior to becoming CEO at Bed Bath & Beyond, Mark Tritton was a senior member at Boston Consulting Group (BCG). He knew how to drive companies towards bankruptcy by loading up the company with debt, draining its cash reserves with share buybacks, and making poor business decisions to cause the company stock price to decline.
While the company suffers, the CEO plant invites its shorting hedge fund (SHF) buddies to start naked shorting or selling shares that it doesn't own, which further drives the stock price down into a death spiral and pushes the company towards bankruptcy.
The goal is to take the stock price to $0 and avoid having to buy back the shares it used for shorting. That is called Cellar Boxing, a shorting hedge fund's playbook for destroying American companies. It was used on Sears, Toys R' Us, Blockbuster, and many more. These bankrupt companies are called Zombie Stocks and they will return with the arrival of Teddy.
Now, right after Ryan Cohen joins $BBBY and starts learning about what is happening inside Bed Bath & Beyond, CEO Mark Tritton and CFO Gustavo Arnal hatch a plan to accelerate the stock buybacks and set themselves up for an exit with a comfortable severance package. They launched the plan on 4/20/22 or as Ryan Cohen would later say, "It's 420 everyday in corporate America."
CEO Mark Tritton was forced out on June 29, 2022 by the $BBBY board meanwhile the company sales continued to decline from the exiting CEO's poor management.
On the same day that Tritton leaves, Sue Gove is appointed Interim CEO and Berkley Research Group (BRG), a global consulting firm is hired to help clean up the company: focusing on cash, inventory, and balance sheet optimization.
Berkley Research Group has a history of working with the SEC and conducting forensic investigations into corporate finance.
Worth mentioning: Berkley Research Group appeared in Pitchbook data broker for rumored leveraged buyout (LBO) of Bed Bath & Beyond later in January 2023. BRG has been providing data and evidence.
Back to the storyline: after CEO Mark Tritton was kicked out, the CFO stayed with the company which led up to August 16, 2022 event. When the stock price began to run, CFO Gustavo Arnal sold his stock at peak price which coincides with the exit plan that he plotted with CEO Mark Tritton on 4/20/22.
On the same day that the CFO sells his shares, Ryan Cohen also does the same thing. This event implicated both CEO Mark Tritton and CFO Gustavo Arnal as accomplices for illegal insider trading and what many viewed as a pump-and-dump scheme.
However, in reality, it was part of a DOJ sting operation setup to catch the Cellar Boxing criminals. Ryan Cohen had previously worked with the SEC through GameStop because of the sneeze, that is a known fact.
During that same period, there was another so-called (fake) activist investor named Jake Freeman of Freeman Capital Management (FCM), a 20 year old college student, likely acting as a front man for a shorting hedge fund.
Freeman proposed to help $BBBY but secretly plotted to bankrupt the company too and he wrote a letter to the board of Bed Bath & Beyond.
In that letter, he claimed to be holding the 2024 debt notes via BNY Mellon (Brazilian puts) which were strangling the company and its cash reserves through high interest loan payments.
The company was bleeding out dry after CEO Mark Tritton accelerated stock buy backs. For awhile, it looked like everything was going according to the Cellar Boxing plan.
During the August 2022 stock run, Jake Freeman also sold at the top and profited $110 Million which mainstream media celebrated him as a genius. Needless to say, he walked into a sting operation so will see how he fares later.
In a previous DD, I wrote about Sue Gove signing an Indemnification Letter with Lazard, an investment bank, dated August 10, 2022 or 1 week prior to the stock selling event. In that letter, it would release and hold harmless the parties that would be involved in the Dealer Manager Agreement (DMA) of October 18, 2022, which I believe Ryan Cohen is also a party to.
The DMA is the connection to Teddy because it is the SPAC vehicle that would later purchase the crown jewel buybuyBABY from the sunken ship Bed Bath & Beyond. Fortunately, that deal has now completed.
Here's that DD, in case you missed it:
🧵 /2TheRobinReport.com
The answer is fraud and it's related to accelerated stock buy backs dating back to 2020. According to , the buy back started at $675 million (2020), then $225M (2021), and finally totaling out to $1 Billion dollars by end of year 2021.
The company used its entire $1.5 Billion cash within 18 months and it was one of the most aggressive stock buy backs in history. The stock buy back was meant to be spread out over a 3-year period, instead of half the time.
However, things took a swift turn with Ryan Cohen's activist letter to the board at Bed Bath & Beyond on March 6, 2022.
When RC became a majority shareholder at Bed Bath & Beyond with a controlling stake at 9.8%, he signed a cooperation agreement with the company and its CEO, Mark Tritton on March 24, 2022.
That agreement made Ryan Cohen an insider of the company and gave him access to view non-public details. Therefore, when Ryan Cohen sold his $BBBY shares on August 16, 2022, it opened a can of worms.
Prior to becoming CEO at Bed Bath & Beyond, Mark Tritton was a senior member at Boston Consulting Group (BCG). He knew how to drive companies towards bankruptcy by loading up the company with debt, draining its cash reserves with share buybacks, and making poor business decisions to cause the company stock price to decline.
While the company suffers, the CEO plant invites its shorting hedge fund (SHF) buddies to start naked shorting or selling shares that it doesn't own, which further drives the stock price down into a death spiral and pushes the company towards bankruptcy.
The goal is to take the stock price to $0 and avoid having to buy back the shares it used for shorting. That is called Cellar Boxing, a shorting hedge fund's playbook for destroying American companies. It was used on Sears, Toys R' Us, Blockbuster, and many more. These bankrupt companies are called Zombie Stocks and they will return with the arrival of Teddy.
Now, right after Ryan Cohen joins $BBBY and starts learning about what is happening inside Bed Bath & Beyond, CEO Mark Tritton and CFO Gustavo Arnal hatch a plan to accelerate the stock buybacks and set themselves up for an exit with a comfortable severance package. They launched the plan on 4/20/22 or as Ryan Cohen would later say, "It's 420 everyday in corporate America."
CEO Mark Tritton was forced out on June 29, 2022 by the $BBBY board meanwhile the company sales continued to decline from the exiting CEO's poor management.
On the same day that Tritton leaves, Sue Gove is appointed Interim CEO and Berkley Research Group (BRG), a global consulting firm is hired to help clean up the company: focusing on cash, inventory, and balance sheet optimization.
Berkley Research Group has a history of working with the SEC and conducting forensic investigations into corporate finance.
Worth mentioning: Berkley Research Group appeared in Pitchbook data broker for rumored leveraged buyout (LBO) of Bed Bath & Beyond later in January 2023. BRG has been providing data and evidence.
Back to the storyline: after CEO Mark Tritton was kicked out, the CFO stayed with the company which led up to August 16, 2022 event. When the stock price began to run, CFO Gustavo Arnal sold his stock at peak price which coincides with the exit plan that he plotted with CEO Mark Tritton on 4/20/22.
On the same day that the CFO sells his shares, Ryan Cohen also does the same thing. This event implicated both CEO Mark Tritton and CFO Gustavo Arnal as accomplices for illegal insider trading and what many viewed as a pump-and-dump scheme.
However, in reality, it was part of a DOJ sting operation setup to catch the Cellar Boxing criminals. Ryan Cohen had previously worked with the SEC through GameStop because of the sneeze, that is a known fact.
During that same period, there was another so-called (fake) activist investor named Jake Freeman of Freeman Capital Management (FCM), a 20 year old college student, likely acting as a front man for a shorting hedge fund.
Freeman proposed to help $BBBY but secretly plotted to bankrupt the company too and he wrote a letter to the board of Bed Bath & Beyond.
In that letter, he claimed to be holding the 2024 debt notes via BNY Mellon (Brazilian puts) which were strangling the company and its cash reserves through high interest loan payments.
The company was bleeding out dry after CEO Mark Tritton accelerated stock buy backs. For awhile, it looked like everything was going according to the Cellar Boxing plan.
During the August 2022 stock run, Jake Freeman also sold at the top and profited $110 Million which mainstream media celebrated him as a genius. Needless to say, he walked into a sting operation so will see how he fares later.
In a previous DD, I wrote about Sue Gove signing an Indemnification Letter with Lazard, an investment bank, dated August 10, 2022 or 1 week prior to the stock selling event. In that letter, it would release and hold harmless the parties that would be involved in the Dealer Manager Agreement (DMA) of October 18, 2022, which I believe Ryan Cohen is also a party to.
The DMA is the connection to Teddy because it is the SPAC vehicle that would later purchase the crown jewel buybuyBABY from the sunken ship Bed Bath & Beyond. Fortunately, that deal has now completed.
Here's that DD, in case you missed it:
🧵 /2TheRobinReport.com
https://x.com/edwinbarnesc/status/1736631819272077581?s=20
The Reverse Uno Play
Now to tie everything together and bring us to the current timeline.
Bed Bath & Beyond, the corporation no longer exists, or that's what it appears to look like. The company is currently undergoing chapter 11 restructuring as $BBBYQ to remove the liens, restrictions, and debt to free the subsidiary company, buybuyBABY and allow it to be carved-out.
JPM was paid off early to make it happen. The bankruptcy judge cancelled the physical store leases. Holly Etlin, chief restructuring officer, and David Kastin, the turnaround king & SPAC professional helped $BBBYQ restructure and prepare to emerge out of chapter 11.
They completed this task on September 29, 2023 and created a new entity called DK-BUTTERFLY that would hold the former shell of Bed Bath & Beyond company after the intellectual property/brand was sold off to Overstock which is now rebranded as BEYOND $BYON.
Interestingly, DK-BUTTERFLY has been discovered to be holding the common shares in a unit trust. More on that soon.
So here's where things get interesting.
In the chapter 11 court dockets for $BBBYQ, the company as debtors had proceeded to finalize and start paying out the lawyers, tax firms, and agents by mid-September 2023. Meanwhile, the remaining lawyers were paid out at the end of September 2023.
This was a Hint that 2 separate transactions occurred so keep that in mind for a second.
I believe that buybuyBABY completed the carve-out sales transaction mid-September and an image surfaced on Instagram for what looked like celebratory drinks posted by David Kastin.
Therefore, what is still being carried out in the courts (including Neelay Das' appeal) is being overseen by the Plan Administrator Michael Goldberg from Akerman law firm. Goldberg helped recover funds from Bernie Madoff ponzi scheme so he is the right person to take charge and drop the hammer on these criminals.
Furthermore, there are 2 high-profile Federal prosecutors, a team of expert SEC litigation lawyers from Kirkland & Ellis representing $BBBYQ and additional expert litigation lawyers for Ryan Cohen, on standby.
Therefore, what remains is revealing a DOJ sting operation and moving towards prosecuting ex-CEO Mark Tritton and all those involved in the conspiracy of Cellar Boxing in a wide-scale RICO case.
Fortunately, this makes it abundantly clear what Michael Goldberg will be doing next. He will pull back the curtain to reveal securities fraud which will enable $BBBY to be re-listed in a Reverse Uno play.
However, it will be listed on New York Stock Exchange and shares will be tokenized on blockchain technology via tZERO which is owned by Beyond $BYON, formerly Overstock with a 55% majority stake. Interestingly, Intercontinental Exchange (ICE) is the parent company of NYSE with a majority stake in tZERO, which means Beyond is a direct partner of NYSE. Remember this part.
Tamar Donikyan of Kirkland & Ellis has been an important figure during the $BBBYQ chapter 11 proceedings. She has expertise working with SPACs, reverse-mergers, and Initial Coin Offerings (ICOs).
Her twitter profile features a tweet about ICOs and she has appeared in numerous court dockets coordinating transactions between various parties including AST, ex-transfer agent of Bed Bath & Beyond.
In 2019, Tamar helped complete a PIPE deal (private investment into public equity) for , a company that offers payment tokenization services, in a reverse-merger transaction using a SPAC called ⚡ Thunder Bridge Acquisition, Ltd.
Tamar is very comfortable navigating complex transactions involving blockchain technology with cutting-edge precision.
Basically, she f*cks.
You could say things are getting pretty serious.
During the early court proceedings of chapter 11, the judge froze the $BBBYQ shares and ordered notices to be served to all brokerages that had oversold shares prior to the company being delisted.
A list of shareholders was prepared and is recorded in the court dockets. In a following event, AST, the previous transfer agent for Bed Bath & Beyond was cancelled and user reports confirmed that the shares were in limbo with a user screenshot from AST Customer Support, stating that shares were at BNY Mellon.
However, I have discovered that the shares are likely being held with Hudson Bay Capital, an unexpected friend.
I have discovered 3 filings dated October 21, 2022 which match the date range when the Dealer Manager Agreement was formed and further supports the Activist Affiliates thesis as the stalking horse bidder for buybuyBABY.
Recently, I discovered 3 separate Form D filings by Hudson Bay Capital on September 29, 2023 which reveal some very interesting things:
They are pooled investment funds, without a first sale yet to occur, is not associated with a broker, and is an offering that will not be part of a merger, acquisition, or exchange offer.
This tells me $BBBYQ will be re-listed since it will not be merged or acquired and the date of filing coincides for delisting and to prepare for re-launch of Bed Bath & Beyond.
The intellectual property and brand name held by Overstock/BEYOND will be returned due to fraud and help reverse the transaction.
BEYOND $BYON owns tZERO and has a partnership with @Securitize, a company specializing in digitizing transfer agents (e.g. Computershare, AST) and can tokenize shares for any company.
Securitize has been utilized for a Direct Public Offering / Direct Listing for a brand called Oddity which is funded by L Catterton.
L Catterton has been identified as an Activist Affiliate from an October 2022 corporate filing which also matches the date range from the Dealer Manager Agreement, including a filing also from Larry Cheng's Volition Capital joining the group.
L Catterton was identified as the primary buyer for buybuyBABY in a prior DD I wrote.
🧵 /3Repay.com
Now to tie everything together and bring us to the current timeline.
Bed Bath & Beyond, the corporation no longer exists, or that's what it appears to look like. The company is currently undergoing chapter 11 restructuring as $BBBYQ to remove the liens, restrictions, and debt to free the subsidiary company, buybuyBABY and allow it to be carved-out.
JPM was paid off early to make it happen. The bankruptcy judge cancelled the physical store leases. Holly Etlin, chief restructuring officer, and David Kastin, the turnaround king & SPAC professional helped $BBBYQ restructure and prepare to emerge out of chapter 11.
They completed this task on September 29, 2023 and created a new entity called DK-BUTTERFLY that would hold the former shell of Bed Bath & Beyond company after the intellectual property/brand was sold off to Overstock which is now rebranded as BEYOND $BYON.
Interestingly, DK-BUTTERFLY has been discovered to be holding the common shares in a unit trust. More on that soon.
So here's where things get interesting.
In the chapter 11 court dockets for $BBBYQ, the company as debtors had proceeded to finalize and start paying out the lawyers, tax firms, and agents by mid-September 2023. Meanwhile, the remaining lawyers were paid out at the end of September 2023.
This was a Hint that 2 separate transactions occurred so keep that in mind for a second.
I believe that buybuyBABY completed the carve-out sales transaction mid-September and an image surfaced on Instagram for what looked like celebratory drinks posted by David Kastin.
Therefore, what is still being carried out in the courts (including Neelay Das' appeal) is being overseen by the Plan Administrator Michael Goldberg from Akerman law firm. Goldberg helped recover funds from Bernie Madoff ponzi scheme so he is the right person to take charge and drop the hammer on these criminals.
Furthermore, there are 2 high-profile Federal prosecutors, a team of expert SEC litigation lawyers from Kirkland & Ellis representing $BBBYQ and additional expert litigation lawyers for Ryan Cohen, on standby.
Therefore, what remains is revealing a DOJ sting operation and moving towards prosecuting ex-CEO Mark Tritton and all those involved in the conspiracy of Cellar Boxing in a wide-scale RICO case.
Fortunately, this makes it abundantly clear what Michael Goldberg will be doing next. He will pull back the curtain to reveal securities fraud which will enable $BBBY to be re-listed in a Reverse Uno play.
However, it will be listed on New York Stock Exchange and shares will be tokenized on blockchain technology via tZERO which is owned by Beyond $BYON, formerly Overstock with a 55% majority stake. Interestingly, Intercontinental Exchange (ICE) is the parent company of NYSE with a majority stake in tZERO, which means Beyond is a direct partner of NYSE. Remember this part.
Tamar Donikyan of Kirkland & Ellis has been an important figure during the $BBBYQ chapter 11 proceedings. She has expertise working with SPACs, reverse-mergers, and Initial Coin Offerings (ICOs).
Her twitter profile features a tweet about ICOs and she has appeared in numerous court dockets coordinating transactions between various parties including AST, ex-transfer agent of Bed Bath & Beyond.
In 2019, Tamar helped complete a PIPE deal (private investment into public equity) for , a company that offers payment tokenization services, in a reverse-merger transaction using a SPAC called ⚡ Thunder Bridge Acquisition, Ltd.
Tamar is very comfortable navigating complex transactions involving blockchain technology with cutting-edge precision.
Basically, she f*cks.
You could say things are getting pretty serious.
During the early court proceedings of chapter 11, the judge froze the $BBBYQ shares and ordered notices to be served to all brokerages that had oversold shares prior to the company being delisted.
A list of shareholders was prepared and is recorded in the court dockets. In a following event, AST, the previous transfer agent for Bed Bath & Beyond was cancelled and user reports confirmed that the shares were in limbo with a user screenshot from AST Customer Support, stating that shares were at BNY Mellon.
However, I have discovered that the shares are likely being held with Hudson Bay Capital, an unexpected friend.
I have discovered 3 filings dated October 21, 2022 which match the date range when the Dealer Manager Agreement was formed and further supports the Activist Affiliates thesis as the stalking horse bidder for buybuyBABY.
Recently, I discovered 3 separate Form D filings by Hudson Bay Capital on September 29, 2023 which reveal some very interesting things:
They are pooled investment funds, without a first sale yet to occur, is not associated with a broker, and is an offering that will not be part of a merger, acquisition, or exchange offer.
This tells me $BBBYQ will be re-listed since it will not be merged or acquired and the date of filing coincides for delisting and to prepare for re-launch of Bed Bath & Beyond.
The intellectual property and brand name held by Overstock/BEYOND will be returned due to fraud and help reverse the transaction.
BEYOND $BYON owns tZERO and has a partnership with @Securitize, a company specializing in digitizing transfer agents (e.g. Computershare, AST) and can tokenize shares for any company.
Securitize has been utilized for a Direct Public Offering / Direct Listing for a brand called Oddity which is funded by L Catterton.
L Catterton has been identified as an Activist Affiliate from an October 2022 corporate filing which also matches the date range from the Dealer Manager Agreement, including a filing also from Larry Cheng's Volition Capital joining the group.
L Catterton was identified as the primary buyer for buybuyBABY in a prior DD I wrote.
🧵 /3Repay.com
Now, I believe in what @larryvc once said:
"It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these two worlds meet in the same asset, there will be fireworks."
There is ongoing correspondence between the Plan Administrator Michael Goldberg and Kirkland & Ellis (CC'd in Neelay Das appeal case) which tells me that after they crush Neelay Das then they will relist $BBBYQ as $BBBY on NYSE and tokenize the shares since AST is no longer the transfer agent via tZERO and Securitize.
Following the relist, Kirkland & Ellis will then do a reverse-merger of the re-instated Bed Bath & Beyond into Teddy Holding LLC, a SPAC, thus launching TEDDY into existence.
Here's an image I found of Tamar Donikyan's reverse-merger that involved , a public company and Thunder Bridge Acquisition, the SPAC, and what TEDDY's transaction could possibly look like:
All subsidiaries companies including buybuyBABY (carved-out), Chewy, GameStop, Sears, Blockbuster, Toys R' Us, and many more would then be structured under TEDDY as an umbrella corporation and issue tokenized shares to all shareholders in every company.
7 shares for 1, or should I say Units?
Checkmate.
#GMERICA 🇺🇸
#MOASS
Credit to original authors where due, this DD would not have been made possible without the collective effort of this wonderful community
💜 WAGMIRepay.com
"It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these two worlds meet in the same asset, there will be fireworks."
There is ongoing correspondence between the Plan Administrator Michael Goldberg and Kirkland & Ellis (CC'd in Neelay Das appeal case) which tells me that after they crush Neelay Das then they will relist $BBBYQ as $BBBY on NYSE and tokenize the shares since AST is no longer the transfer agent via tZERO and Securitize.
Following the relist, Kirkland & Ellis will then do a reverse-merger of the re-instated Bed Bath & Beyond into Teddy Holding LLC, a SPAC, thus launching TEDDY into existence.
Here's an image I found of Tamar Donikyan's reverse-merger that involved , a public company and Thunder Bridge Acquisition, the SPAC, and what TEDDY's transaction could possibly look like:
All subsidiaries companies including buybuyBABY (carved-out), Chewy, GameStop, Sears, Blockbuster, Toys R' Us, and many more would then be structured under TEDDY as an umbrella corporation and issue tokenized shares to all shareholders in every company.
7 shares for 1, or should I say Units?
Checkmate.
#GMERICA 🇺🇸
#MOASS
Credit to original authors where due, this DD would not have been made possible without the collective effort of this wonderful community
💜 WAGMIRepay.com
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