$GME has their annual meeting scheduled for June 8th.
This is in SEC record as per their last 10-k.
THIS IS NOT BEING SHARED ENOUGH GOOGLE CANT FIND THIS OR AI BTW.
NEWS IS NOT REPORTING THIS EITHER.
I READ THROUGH THE ENTIRE FILING TO FIND THIS.
Gamestop Development
I'm not going to interview Ryan Cohen today. Ryan is working on something monumental, and he would not be able to say much. We both agreed that "I cannot answer that on advice of counsel" is the last thing anyone wants to hear. I'm on pins and needles like everyone else. Hope to have news and the interview soon. @ryancohen $GME
$BBBYQ is the first manipulated "meme" stock that has been able to exit the complicitly fraudulent DTCC, unlike many companies who have been death spiralled into inexistence by market makers working complicitly with short sellers and the DTCC.
Remember, the DTCC committed international securities violations when they incorrectly issued the $GME stock split via dividend in 2022.
Bernie Madoff was a founding board member of the Depository Trust & Clearing Corporation (DTCC) subsidiary in London and he stated if the DTCC had audited him he wouldn’t have been able to steal $65bn since the 1970’s.
The DTCC is a self-governing membership organization. It is owned and governed by its members, which include banks, broker/dealers, custodians, asset managers, transfer agents, and other market participants. This is a huge conflict of interest by making the snake the guardian of the eggs.
We have to leave the DTCC to have securities reissued to a more free and fair exchange like tZERO.
$BBBYQ shares have been cancelled from the DTCC and removed to a liquidating trust, as confirmed by Wells Fargo & the transfer agent AST.
This is the best outcome for organic price discovery, because if we are correct and new equity is issued onto the NASDAQ or NYSE it would be manipulated repeatedly and the price would be a reflection of short seller’s margin accounts, not supply and demand.
We needed to remove this malicious and manipulative middleman.
There is empirical data to suggest abusive malpractices being applied to $BBBY, here are some indicators:
Multiples of the float (117M) traded daily
Jan 18, 2023113,962,700
Jan 17, 2023159,882,700
Jan 13, 2023225,633,300
Jan 12, 2023329,435,400
Jan 11, 2023240,995,100
Jan 10, 2023113,749,300
Abnormal trading volume throughout 2023, 1.2 billion shares traded from Jan 10th – Jan 18th 2023, the float was only 117M at the time meaning we saw the entire float 10 times over within 7 trading days, this back and forth high frequency trading between market makers is indicative of abusive price suppression.
$BBBY was on REGSHO for close to 90 days early 2023, accumulating a high amount of failure to delivers. There is a lot to suggest abusive selling of the stock by market makers like @citsecurities and @VirtuFinancial who were prominent market makers on the order books.
What’s the purpose of an SEC regulation to require locates if it isn’t upheld?
Overstock were on the REGSHO threshold for 800 days in May 2008, without any remedial actions taken by the SEC. I cannot believe it’s a coincidence that Overstock entered as a stalking horse bidder without being aware of the same indicators of fraud occurring in $BBBY, they have the platform and legal precedent in court to ensure manipulative short selling of $BBBYQ can be stopped and this would also trigger a shareholder windfall.
“Never interrupt your enemy when he is making a mistake”
It isn't coincidental that during the $BBBYQ Chapter 11, Overstock have ceased to exist and have absorbed the entire Bed Bath & Beyond brand.
April 10th SEC Filing
"The Company has received several inquiries from shareholders regarding “naked short selling.” The Company does not have specific access to information regarding any share lending or short selling transactions. While the Company is unable to confirm such activity, the Company denounces any market manipulation of its stock."
Source: https://t.co/73NiWxM8HW
The board had to issue a public statement due to the amount of piling evidence to securities manipulation only 13 days before entering Chapter 11.
Prior to entering Chapter 11 the DTCC were confirmed as holding 776M shares when only 739M issued by the company at the time, an extra 33M shares. Did they get too excited with this dilution narrative?
$BBBY also held a prominent marketing campaign for a desperately needed reverse split, which strangely wasn’t effectuated. I believe the number of votes received was a fishing expedition for fraud and the data collection provided enough reasonable cause to report this fraud. The numbers haven’t been revealed to date.
So where are we now?
I believe this is why the credit bid has been waiting for, the credit bid can happen at any time before Rule 3022. Final Decree in Chapter 11 Reorganization Case
Source: https://t.co/4qDn38NHuB
We also have the benefit of a narrow exemption requiring zero interference from the SEC
“Section 1145(a)(3) grants a debtor in possession or trustee in chapter 11 an extremely narrow portfolio security exemption from section 5 of the Securities Act of 1933 [ 15 U.S.C. 77e ] or any comparable State law. The provision was considered by Congress and adopted after much study. The exemption is reasonable and is more restrictive than comparable provisions under the Securities Act”
Source: https://t.co/OG5Z7QFWhL
So our equity has left the complicit DTCC, and the useless @SECGov can't interfere with reissuance.
Sixth Street own 87% of the remaining secured debt and someone owns a huge chunk of bonds, why else would majority bondholders accept a plan which provides them 0-2.5% recovery? Why are the bonds trading again? What has changed?
Despite what pocket watchers say. a secured creditor has the right to credit bid at a sale of its collateral under a Chapter 11 plan. This means that the creditor can bid on the property using the amount of its secured claim as payment. The courts will allow credit bidding in Chapter 11 cases unless there is a good reason to deny it.
The purpose of the Chapter 11 is to restructure the company and move it forward, it’s not an eBay auction with bidding deadlines. The outcome of the debtors for the favour of all stakeholders is a priority and cannot be denied.
The plan can also be modified before substantial consummation and as long as it benefits all stakeholders, I believe this is why Buybuybaby is still not trading, despite the IP sale occurring 4 months ago and Dream On Me losing a quarter of their annual revenue to date by not using the intellectual property they purchased.
Anyone can disagree, but they can’t disprove our working thesis, there’s 300 hours of redacted legal services and a veil of secrecy over this reorganization. It's not as binary and simple as the people who cannot comprehend it.
This is unprecedented territory and future retail investors will use our work to seek a similar astronomical anomaly of an investment.
We can be wrong but there’s mountains of circumstantial evidence to support our thesis, whereas the pocket watchers main argument is referring us to a 7 week old 8-K.
History is written by the victors 📖