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Prudent Capitalist

08/19/22 11:00 AM

#16069 RE: TheGreatSwami #16060

LMFAO!! GME's Chairman, Ryan Cohen, who was previously the worshipped Hero of the APES/reddit/WSB/.Stonk crowd, was likely the subject discussed in the closed SEC enforcement meeting yesterday after his brash stunts this week. He used the meme stock craze and duped retail investors after filing his notice of his laughable $60 Calls on BBBY shares to create a huge run-up in the shares through false rumors of a mega squeeze and used the ensuing frenzy and pump in BBBY and other meme stocks, e.g. GME to dump his entire huge positions in BBBY, including all of his calls/options and then confirmed late last evening and this am that he is totally out. BBBY tanked after he apparently got out of most of his holdings, and the entire meme stock movement took a huge hit that also exposes the bogus hype and nonsense surrounding GME and AMC . GME holders ought to be furious IMO, and be retaining legal counsel for action. The preferred APE divi, which is more of a stock split, will play out just as the GME one did, with little to no fanfare and the value of AMC common shares will be cut in half. Not a great tiome to be an APE.

#fecesinapes'shortstoday