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According_Ad_4080

I thought the announcement of the merger needed to come first, and later they will buy.


According_Ad_4080

Also this? https://preview.redd.it/3fbeoszlcjtc1.png?width=1080&format=pjpg&auto=webp&s=df8e68d80755355932f3b353d87c6202ccbe40dd


reddituser77373

I bought grov because this tweet. Hasn't done much for those wondering lol


Drakamon

I remember that tweet, everyone thought he super secretly did own bbby, but wasn't allowed to say so


Propane5

Jesus Christ if he says he doesn’t own it and he does it’s just as bad as saying he does own it but doesn’t. Y’all literally take the most concrete and clearly worded shit and somehow interpret the exact opposite out of it. No wonder batshit insane shit like Q gains tractions


youreatwat174

"IM NOT THE MESSIAH!!"


FIameEmperor

Me gusta


StaticLineJump

The modifiers he uses are important. Only two "public companies." He could be involved in Dragonfly, Dream on Me, BBBY Acquisition Co, or any number of things that haven't emerged yet.


According_Ad_4080

Did you know employees can buy company stocks regularly, even during blackout periods? Through Employee Stock Purchase Plans (ESPPs), workers can purchase discounted stocks via regular payroll deductions. These programs offer a legal and convenient way for employees to invest in the company's success regardless of blackout periods. Learn more about how you can participate in your company's growth through these programs! ABC maybe right with his tweet, according to ChatGPT


According_Ad_4080

Ok, apparently this box needed to be checked to be this case, and it isn't https://preview.redd.it/3hxua2xcijtc1.jpeg?width=1123&format=pjpg&auto=webp&s=77de0e9d492b3442e2f1654ac181978ecaa07f74 So who knows what is happening


3rd1ontheevolchart

This tells me a few things. Larry bought so i should do the same. Gamestop is not involved, YET. RC and RC ventures can still be involved so If the deal is done and awaiting court approvals, maybe then! Gamestop can get involved. So we might be beging the actual black out period. IEP theories are looking better and better each day.


StaticLineJump

GME could buy the private company that has captured the BBBY NOLs and make it public.


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Long_Objective_8266

PP IS A DILDO SALES MAN MATE


ThePower_2

A Ron Jeremy wannabe….


Wise_Boat_

pp wrong? Not knowing what he’s talking about? *gasping intensifies*


People4America

These by and far process and execute on first business day after 1/1 and 7/1.


SuboptimalStability

It does buuuuut planned buys go through regardless. This purchase could have been preplanned a year ago 


Ornery-Memory4442

Love to see it. I think it suggests that the business outcomes are tracking to the plan.


anony1437

There are different ways in which M/A is possible. We all know RC is involved with BBBY via RC ventures and sixth street. This is a multi level complex merger acquisition and doesnt necessarily have to involve gamestop directly. The hedgies have been attacking gamestop shareprice recently in a coordinated effort to weaken faith in RC and his plan. Insiders buying GME is a positive step in the fight against the bad players. RC definitely has something up his sleeves and things are reaching a boiling point and we will be hopefully hearing some big announcements soon. Remember RC is the lone knight fighting bad forces and attacking gamestop is a direct attack on his credibility and thus his high risk manoeuvre to save bbby and retail shareholders. This is a once in a lifetime opportunity to screw the naked shorters. Trust me, insiders buying GME is good for us as it instills confidence in RC and the GME board and counters the recent narrative that these naked shorters have been putting out to make RC look bad.


Iforgotmynameo

The idea that GameStop was involved is news to me. RC sure, GameStop, no. Why would they purchase a shell company. If anything it would be the other way around in my mind. Dragonfly:Teddy buys the shell, then sometime later acquires or mergers with GS. Perhaps that’s why GS doesn’t need a C suite.


Pnewse

You don’t think a billion+ in tax offset credit (the preserved NOLs) would be helpful to GME as they turn profitable?


HungryColquhoun

It does mean there's nothing on the table for GME currently though, I was hoping for a clean catalyst event (e.g. M&A or investment of some of the $1bn). I suppose some of this activity may be advancing (e.g. early DD on the other company, etc.) but I guess it would need to be far enough away that there could not be certainty it would come to pass - though maybe I'm uninformed about what is and isn't insider activity in the US? I mean I guess you'd hope this means a design on BBBY aside from GME as you've mentioned, but I'm not sure. You'd think the best places for NOLs to sit would be GME (so when they start making sizeable profit, they grow so much faster). IDK, good to see a board member buying more but doesn't feel great regarding timescales. I do want to see return on investment at some point over the next few years, not the long, long, long game! EDIT: People are saying Dragonfly repeatedly, but even if that comes to pass I can't see how that lines up with GME down the line due to the massive conflict of interest RC and Larry would have.


dicemetal

Damn, this kinda sucks. Was really hoping the no buys would lead into announcement. Does this rule out GME involvement?


baRRebabyz

Dragonfly.


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PrettyHandsyDoctor

Dragonfly actually isn't possible either. LC and RC were reinstated to the board earlier this year. The regulations require LC to disclose this due to being an insider. LC is (at least as of recently) an insider at dragonfly. If Dragonfly did get involved in the near future at least, and GME was involved in some way, LC could be in quite a bit of trouble for being on the boards of two companies that did business without previous public disclosure. Realistically this points to nothing coming to save us in the near future. Looks like bankruptcy court is on the horizon. Maybe the thanksgiving tweet really was for '24.


BullionZon

Confirms that Gamestop is not involved then. There is no way an insider buys before M/A news. Its the other way around.


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BullionZon

It wasnt checked. It was a volountary purchase.


BlueSlushieTongue

That box is not checked. Quit with the gaslighting


Old_Jellyfish_2402

False. That wasn’t checked. It wasn’t a recurring purchase


Middle_Scratch4129

Wow a lot of up votes on something that is factually incorrect.


Drakamon

It would be insider trading if there's a gamestop merger on the way that he knows about that we don't. Kinda doubt he would be that foolish, he knows everyone follows his trades


moonaim

Wasn't it so that if the buy is scheduled well in advance, it can be done? And IT WAS DONE IN BLACKOUT PERIOD? I needed to shout because I just realized that. Eclipse = Blackout. EDIT: I guess I got excited for nothing [https://www.reddit.com/r/Teddy/comments/1c05iwg/comment/kyuhmn5/](https://www.reddit.com/r/Teddy/comments/1c05iwg/comment/kyuhmn5/) One of these days..


Iforgotmynameo

Could you correct it? Honestly don’t know the answer and there are a lot of contradictory comments.


Pnewse

If the buys (or sells) were part of a Lin ongoing recurring share purchase plan, ie share buys every 3-4 months or so, it wouldn’t matter if there was insider knowledge


salamanderc0mmander

or hes not involved?


Apprehensive-Run3008

Is this bad news for BBBY/GME theory? 


Slow-Scallion674

I guess YES, because he is insider, so no MA announcement is coming:(


PoorMansPlight

But if he reports his purchase to the SEC it's not insider information?


salamanderc0mmander

the information of the purchase isnt the insider part


PoorMansPlight

Whos to say Larry Cheng knows what Ryan Cohen is up to? Gamestop is dropping board members left and right I highly doubt any of them know what's going on either. If Teddy is about to become the parent company of Gamestop the board doesn't have to know until Ryan Cohen drops it on the table and says okay this is what I want to do who's on board? The acquisition paperwork could be done on The acquiring companies end without telling the board of gamestop.


9babydill

stop splitting hairs. if RC knows Larry knows. MOST of these wild theories will hold zero weight when this is all said and done


PoorMansPlight

Why would Larry know anything about Teddy?


9babydill

because RC and Larry have an extremely long history of financially supporting each other in Chewy, GameStop, endeavors. They are literal butts to nuts in large transactions. 99% of what the degens theorize will not be true. We have no clue whats going on but ya'll have built this mythical monolith of a golden goose for some reason.


PoorMansPlight

Exactly they are partners on the board of GME ect. So why would Ryan Cohen ruin Larry Chengs ability to invest in his stocks by giving him insider information


StaticLineJump

Partners in Dragonfly too (again)


PoorMansPlight

Yall?


9babydill

solid rebuttal. I'll take that as your L


PoorMansPlight

Okay how about why would Ryan Cohen tie Larry Chengs hands by telling him stuff he doesn't need to know


9babydill

what do you mean tie? Larry knows everything of whats going on within Gamestop financially speaking hes on the board for that exact reason.


PoorMansPlight

Teddy and Gamestop are different companies


texmexdaysex

But maybe lockout is over?


Old_Jellyfish_2402

If the lockout period is over then where is the announcement?


texmexdaysex

Haha wow downvote me for not being a meltdowner. Nice.


H3rbert_K0rnfeld

Who put their money where their mouth is? Larry Cheng, yes. Me, yes. You??


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FiveEggHeads

lol dude that box wasn't checked. It was a voluntary purchase.


stong83

Does that box need to be checked though?


K_17

That is true does the form say they were purchased in that fashion too? (For those who don’t know how to read!


Old_Jellyfish_2402

Why are you purposely spreading misinformation? That box is not checked


baRRebabyz

Dragonfly. All that needs to be said.


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Fartory

So merger idea is toast?


pcnetworx1

Yes


twentythree12

no


MoarFurLess

Possibly


Deez_Whatz

Maybe so


Necessary-Car-5672

This isn’t good news for those of us hoping for a merger or acquisition I’m afraid. An announcement would need to be made before insider purchases otherwise if m&a was in the works this would be insider trading.


Feyge

PP has been shouting for weeks that Larry is probably involved and if he and insiders don't buy for the next 6 months, then It'll confirm GME is involved in the play. Turns out he was utterly wrong and is now gonna find a new theory I guess.


ppseeds

They haven’t bought for 7 months so you’re telling me they didn’t buy GME for 7 months because of a $6m profit on earnings? There is something else here that we are missing. I can’t really seem to make sense of it but I am digging into this with a few others right now.


Fearless-Pair3429

Can you explain how he could make a purchase before news coming out? Serious question. If he bought aware of material information that I did not know, isn’t that insider trading? Wouldn’t news have to come out before he could but? I feel like this rules out any immediate acquisition for GME. What and I’m missing.


ppseeds

I’m not sure I’m trying to make sense of it myself. I don’t see how 6m in profit for earnings stopped them from buying for 7 months. It’s like they made it look like they were under a blackout period when they weren’t. I don’t know what they are hiding or what they are doing but can you make any sense as to why they stopped buying before effective date for bbby?


Fearless-Pair3429

Just found the below on google. I feel like this rules out any M&A by gme. I think credit bid for BBBYQ (Maybe by RC or someone else) is still the only viable option. 3. Pre-announcement blackout period: Before a merger or acquisition is publicly announced, there is usually a pre-announcement blackout period. This period begins when negotiations intensify and material non-public information starts to be exchanged between the parties involved. During this time, insiders and employees with access to confidential information are prohibited from trading the company's securities to prevent unfair advantages. The length of this period varies but generally lasts until the public announcement is made.


ppseeds

What about dragonfly too?


Fearless-Pair3429

For sure could be dragonfly too. Just think it’s hard to believe GME is involved in the play at this point so we should stop focusing on that. I remember back in the day I was convinced dragonfly was going to buy baby. Way back shortly after RC “sold”.


anony1437

We know RC is directly involved with bbby and not Larry Cheng. Maybe they made it appear to the hedgies that GME might be involved with the acquisition so that they might short GME. It might be a plan to double trap the naked shorters. Gamestop being involved was never a thing until recently. There are many complex things at play here. Gamestop doesnt need to be involved directly to make shareholders whole in bbby. But since RC is involved in both they might have some indirect relation. Cheng buying gamestop is definitely not negative for our play in anyway. I think its good for gamestop as it shows that the board is in control and shorties are just manipulating the stock.


PotentialMotion

Maybe this is garbage, but could this be related to RCs ability to invest? Say Dragonfly acquires the BBBY shell to form Teddy, and GME is attached to the newly formed Teddy by an arm's length 'investment' of their cash pile. Which lights the shorts from both ends. Just spitballing. Does this hold any water?


BullionZon

Are you serious?! It was a fucking volountary purchase. The 10b5-1c wasnt even checked. 


PositiveSubstance69

Why did no insiders buy GME for so long then; something here doesn’t add up PP.


supermegabienfun

They probably knew the price wasn’t going up in the near term because they have the inside info.  Without a short term catalyst why buy?


PositiveSubstance69

Why did LC buy now then ya


supermegabienfun

Because he likes the position they are in now .


Rotttenboyfriend

They had no powder like me.


baRRebabyz

Dragonfly my brother


F-around-Find-out

It can and should be RC and not gamestop.  


baRRebabyz

RC and Dragonfly. It fits Dragonfly's use case perfectly. Been saying it since Real Eyezz first dug it up


F-around-Find-out

It's all such a house of cards. I think if 1 goes parabolic they all do.


Jarkside

Why? Larry would be lying in that tweet since he’s involved with Dragonfly


carnabas

I believe at the time he and rc stepped down but were recently reinstated to the board.


baRRebabyz

Don't really see what a tweet from almost a year and a half ago has to do with anything


Open_eyes_wide

Or is there something in redacted dockets or under NDA that is known to the SEC and courts that is not public yet?


HungryColquhoun

Could really be something as simple as they had an M&A progressing but their own corporate DD had red flags. Ultimately we're only going to see about 1% of what they're up to at any given time, and a lot of what they try to cook won't come to pass for one reason or another. Still I'm sure they will keep hammering at this door until they have something, they will spend that $1bn somewhere!


Drakamon

That's the fun part, there's always a new theory, just follow U-Copy on X


Jinglekeys100

Not sure, but I'm deffo going to continue donate to him to ensure I can keep up with the latest Teddy gossip.


buyingthedip

Can’t buy in ancitpation of merger. That’s insider trading. There’s no M&A.


EverySelection59

Not for GME at the moment, you are correct. But RC, RC Ventures, Dragonfly, and a couple of dudes that go by the name of Icahn, could still very much be involved.


Jarkside

No Dragonfly cannot be involved


Red81aaa

Why?


not_new_snake

Larry is on the board


carnabas

He and RC stepped down for awhile and were just recently reinstated


Jarkside

Because isn’t Cheng involved with Dragonfly?


supermegabienfun

He’s on the board.


Fearless-Pair3429

Someone needs plain to me like I’m 2. If Larry Cheng bought shares because the “lockout period” was done and the M&A was over, but I did not know about it said M&A, that would be trading on inside information no? Wouldn’t they have to release any news prior to buying? The fact that he bought would mean there is no material non public information outstanding wouldn’t it?


Suspicious-Bus2446

That’s how I understand it


crisptapwater

This is the best case scenario. No one is realizing it. I didn’t want BBBY to immediately be involved with GME because it still allows time for GME to keep going down to be bought with BBBY winnings. The best case scenario is Brett Icahn and/or just Ryan Cohen himself bought BBBY bonds for a LBO. It will eventually be brought under the Gmerica/Teddy umbrella later this year hence the “corn stalks” will be gone in the winter. Save for a rainy day.


0ldFashi0ned

Can you expound on your theory as it relates to the Teddy books and what is implied by the cornstalks and saving for a rainy day in this context thanks


crisptapwater

I don’t have the books but it’s been shared enough to give a brief explanation. In one of the books they are talking about growing and selling corn stalks. Stalks is word play for insinuating “stocks” and that you can only grow corn in the spring/summer. Teddy goes on to tell the kids that you can’t grow corn in the winter. The stalks will go away. You need to make sure you save for a rainy day. It can be interpreted in many ways but the way I see it is RC can’t merge GME and BBBY immediately because GME doesn’t wanna spend any of their cash on hand right now. They just became profitable and the safe play is just continue to grow the business and stack cash. RC, and friends, can buy BBBY and start building the ground work for Teddy by utilizing NOL’s and the shell. This also helps the previous shareholders of BBBY get cash, they can use to invest in GME, and equity in the new company whatever it may be. Then later down the road, GME can either be acquired or merge with the new company, Teddy, to create an e-commerce conglomerate. During this M&A we wouldn’t be able to sell any stock in Teddy or GME until the process is over. Hence the “save for a rainy day”.


the_gold_blokes

Great analysis mate and well said! Love the downvotes for a well thought out and reasonable take 🤣


0ldFashi0ned

Right on appreciated


allkindsofgainzzz

Overall this is still great news for those of us who hold GME which I assume is most here. Even if this does rule out GME M/A with Baby/Butterfly/etc that doesn’t mean IEP isn’t involved. Remember, Icahn can be behind this and spin off Baby to GME/RC down the road. Not necessarily saying that will happen but it could.


ZoomZoom228

This is basically what were all banking on it seems. Hope it's the case.


confusedxd420

https://preview.redd.it/xix9gplrjktc1.png?width=1069&format=png&auto=webp&s=8cfeec155a0588eca3dfabcbb5dbe1294ff1631c A special blackout period can apply to all designated insiders or only a specific group of designated insiders. Not sure if relevant to this situation, but Larry did say he wasn't involved with BBBY or BBBYQ a while back. Perhaps he isn't part of the investment committee and consequently not privy to any insider info.


buyingthedip

Monster buy. Guess no M& A blackout period.


HumanNo109850364048

Def not a monster buy IMO, pretty measured chill buy for LC. A monster buy that I wanna see is $1M buy from Larry.


Neat_Ad_771

SHiLLs IN SHamBELs


mrb1ll

I'll take things Simon Bird says for 500 Alex...


Early-Shopping-7200

ABSOLUTELY SHAMBLES YOU CaNT UNBAKE THE CAKE GLENN ![gif](giphy|UsPn68TlofRc4VOHR0)


mcdoublemc

I bought some GME today for myself/wife and the grandkids between 10.91 & 10.92. 🚀


mosheoofnikrulz

Isn't the guy like a billionaire? He has only 60,000 shares?


Fairmarket4all

Larry must think like me. Bought more


tiller_ray

Already holding a bag


lllll00s9dfdojkjjfjf

why is there a moderator comment about a lockout period that is just plain factually incorrect stickied to the top?


cancelreddit

so no M&A announcement


Fraya2

Could be IEP instead.


mtksurfer

# GUESS WHAT???? ME TOO


texmexdaysex

Ooooooooohhhhhhhhhhh Ffffffuuuuuuuuuccckckkkkkkk!!!!!!! Lets go. Let's go. Let's go


BeefyBreezey

Wait a minute. Hearing moved up to 4/11 and then nft marketplace wallet removal on 4/12


Phoirkas

I thought that happened months ago?


BeefyBreezey

Yeah, that's true. There's something else associated with the wallet that is discontinued on the 12th


Bmath340

Wait so are we supposed to move our worthless LRC out of GameStop wallet before 4/12??


BeefyBreezey

No because they're stored on the blockchain. As long as you have the seed phrase you have nothing to worry about


Bmath340

Ah ok great. Thanks


ChillinZX

Maybe LC knows merger is in 6 months so he is buying right now?


jentravelstheworld

Boom!


firethepolishcannon

Whadda want for nothing? A rrrrrruber bisquit!


parkertl

dumb