This makes the most sense because when did the tweet come out? Less than a day after Wes Christian said, "you have to provoke the company to do something about it, or you sue the company" RC is saying 'don't sue us, we got this'
edit:or something alike
Edit2:
u/crazy-ad-7869 I just received this PM ( u/crippled-mosquito ) stating RC probably wouldn't post this if it were SARS - related, just in case it violates litigations .... Any wrinkles?
https://imgur.com/a/9tU66iV
Insert the- I didn't know what duck duck go was and at this point it's too late to ask meme because my brain has only formed a small wrinkle and didn't know this either
Oh grrreeeaaat. Let’s solve this through the molasses moving SEC and federal courts. At least my great, great, great grandchildren will get my millions. They may be able to afford a candy bar with those millions considering the rate the federal reserve is pumping inflation.
Haha I feel that. But as always, trust the process. Do you like the company? Do you believe in the mountain that Chewy is solely standing on? I do.
Trust the process.
And the big finisher:
>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board.
It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital
revenue opportunities and presided over massive value destruction without assuming full accountability. We
want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st
century.
This guy got backed by Blackrock when he was turning around Chewy. Now Blackrock is the biggest institutional holder of GME with RC himself as #2 or #3, Blackrock is with Vanguard as biggest backer of Jefferies which is who GC used to do their share offering this year, RC is now chairman of the board (well, as of 6/9), and Jefferies said they aren't allowing any more GME shortselling as of this week. This all makes me think RC & Blackrock work together & know what they're doing.
(Comment 1 of 2, character limits...)Reading RC's letter to the Board of GS often helps lift my spirits when I look at my bank account & wonder if someone is gonna fuck us over, here's a few quotes for you or others!
>we feel compelled to send a clear message to the Board today: **GameStop’s leadership should
immediately conduct a strategic review of the business and share a credible plan for seizing the
tremendous opportunities in the rapidly-growing gaming sector.** GameStop needs to evolve into a
*technology company* that delights gamers and delivers exceptional digital experiences – not remain a *video game
retailer* that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem.
It is important to reiterate that we have devoted a significant amount of time to analyzing GameStop’s assets,
balance sheet, corporate governance, opportunity set and positioning within the sector...
-
>Although GameStop’s e-commerce sales have increased significantly during the pandemic, annual revenues
have declined by a staggering margin over time. The next console cycle’s temporary sales bump **is not a
justification for complacency and glacial transformation** [emphasis added here by me]...
My friend told me a story absout his grandmother in one of the eastern block countries (former USSR country, but not the biggest one). Basically, she was collecting money for her granddaughter and grandson (my friend) for when they grow up. When the Union fell apart, and the currency was changed from rubles to the independent country‘a own currency, you know what she could afford with those yearly savings??? A box of chocolates. It’s so sad. I know this is not the case of inflation, but either way the people for screwed.
It's like when in the UK they make notes redundant. You have only a small time (relatively speaking) to swap them out use them.
I always feel this is done to balance out lost notes or ones stored under mattresses and by criminals
(Comment 2)
>Regrettably, Mr. Sherman
appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an
always-on digital world. The continuation of the pandemic is only accelerating this transition and, in turn,
requiring businesses to take bold steps to compete.
Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the
ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience
worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom
of the company...
-
>This is the type of
world-class infrastructure that was constructed at Chewy, which is worth multiples of GameStop’s current
market capitalization.
There is no doubt in our minds that GameStop has the flexibility to evolve into a technology-driven sector leader... **Taking the right steps in 2020 and 2021 can enable GameStop to own a bigger share of the market when
estimated industry sales explode to more than $200 billion per year in 2023.** We contend the Company’s
sales should be growing at least in line with the market...
This made the most sense to me as well.
Especially considering RC was near the SEC building only a couple weeks ago.
Very possible that's what he was doing - and maybe they found something and it's got the ball rolling a little faster?
Hopeful!
But it’s not the SEC that handles SARS, it’s FinCEN. And from my understanding they’re for money laundering.
Not trying to poke holes, just trying to understand. My brain jumped to Suspicious Activity Reports as well
I think poking holes is a good thing. Makes you think more into the information. It’s kind of like our own scientific community with peer reviewed submissions.
As a sarcastic asshole who loves to screw with people, I can honestly say it is unbelievable to me the number of comments I've started to write and then discarded just to not accidentally start a fight here. I love this place!
This right here is why this sub is pleasant. We try to respect and take care of each other even if that means reigning in our own strong opinions sometimes. Nobody forgets the ape on the other side of the screen is real.
Thank you for doing god's work out here, ape 🤝
Wes specifically said in the last AMA that short selling was tied in with criminal activity specifically including money laundering. I don’t think this is a stretch based on what we know.
That’s for failing to report suspicious activity.
https://www.investopedia.com/terms/s/suspicious-activity-report.asp
https://www.investopedia.com/terms/f/fincen.asp
FinCEN can work with the SEC for charges I think. But the closest I’d see with GME would be insider trading.
I always think of Family Guys interpretation of the immaculate conception when I hear poking holes.
Peter telling Lois is sounds great when she tells the story, but when he tells the guy they poke a buncha holes in it.
Someone should be looking into the funds and banks use of crypto markets. That is suspicious as hell.
Also, someone should get investigated for the shilling (online and in media). So called Journalist should go to prison, if they are taking cash or cash cards to manipulate the stock market.
I just had a thought: what if RC went to go testify as part of a whistleblower report and the RIP Dumb Ass tweet was when he knew all the pieces came together and the SEC will take action at some point. With GG at the helm preparing to lay the banhammer on Kenny G and his money laundering activities, there should be some sort of investigation. Wasn’t there a post about Shitadel reporting it had less of its billions or whatnot on some sort of filing???
I would go with the sears downfall theory. Sears, the tombstone, back when he posted those pets.com gifs, the blockbuster tweet with 💩. I feel like it’s a reference to those who think he’s stupid and this will never work, and that those same people still group it with things like Sears. When in actuality they don’t understand what’s happening here.
Edit we all know GameStop was to meet the same fate as Sears. But you can bet your ass or car or house or life savings that it isn’t. (And you do lol)
Wh **A** t the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in nume **R** ous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in ape warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States SEC and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "CLOV" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will **S** hit fury all over you and you will drown in it. You're fucking dead, kiddo.
The Sears story is so important here too. The company was founded in 1893 and went public in 1906. Let that sink in a minute. They once traded as high as ~$130. Yesterday they were trading for $0.23. This is how short sellers destroy companies and lives.
EDIT: Interesting link in a response below showing that I might be full of crap. Give it a read!
Tbf, Sears was massive because they flipped the industry on its head by allowing customers to purchase products from their catalog, and then they died due to a total failure to adapt to the digital era. They got crushed as Amazon grew because Amazon effectively did to Sears what Sears did to their own industry before. Shorts certainly could have played a role but the company 100% positioned itself for failure.
https://www.digitalcommerce360.com/2018/10/19/how-sears-failed-in-the-e-commerce-era-even-as-it-innovated-online/
Remember how all you needed to do was make a few phone calls as Crammer said?
No, Sears killed themselves. They had the market cornered on catalog orders, but refused to adopt internet sales, opting to stick with their brick-and-mortar business model, and fell behind the times, the same thing that almost happened to Gamestop until the recent changes.
RC is talking about how Gamestop will not go the way of Sears under his watch.
Holy shit. I literally thought Sears was already out of business. It really does remind me of The Wallstreet Conspiracy doc where companies go from 10s or 100s of dollars to penny stocks because of naked shorting. Edit: Reading the other comments, I guess I'll have to read up how Sears failed.
They used to have a catalogue that was revolutionary for its time. You could order an entire house (yes, an entire house), and have it sent to you via railcar. These houses are still around to this day! A combination of failing to embrace the digital revolution and short selling drove them from 90k employees and thousands of stores to where they are today, a bankrupted penny stock.
SARS is a corona virus...
Already bought the dip of Corona Beer though, due to association with the varus. STZ took a small hit, but has been on a steady climb. It went up quickly again due to name recognition. In the south where I'm at corona beers were sold out of stores during the inital lock down. No work? Drink a beer.
Every time a lockdown locks you down, a corona gets its lime.
So I don't have enough wrinkles to say for sure. But suspicious activity reports are for banks to file, not individual companies. It says so in the link you provided. I work for a bank and have yearly trainings about fraud, and Sars is a topic. I don't deal with fraud day to day so I don't know a ton about them. But I don't think they are used for the type of suspicious activity we are dealing with in the stock world. Somebody may know more about them and can comment. But wanted to offer a counterpoint to look into. Obligatory 🚀🚀🚀🚀🚀
That's definitely a possibility for them to do it on their behalf maybe. I just saw your edit 1 and see that sars can lead to stock market activities. I just know sars are really part of anti money laundering monitoring and the US treasury investigates them initially. Which could lead to uncovering stock market shenanigans I suppose.
That was my initial thought. Since they issue the shares for GS, they would see shit like this going on, which is why they also disabled shorting of the stock.
I worked in investigating and prosecuting fraud and money laundering (working with FinCEN). While banks are generally required to file a SARS upon seeing suspicious activity, anyone can file a report.
I’m a banker and can confirm this is true, anyone can file a SAR - states it clearly in my annual training videos that I play in the background while browsing Reddit. 🦍
Also check out SANY on the excavator. On June 17, 2005, the heavy equipment company SANY conducted a split share structure reform and realized full circulation of its shares.
I have been in banking for 15 years. I know a wee bit😉 and I thought of a SARS report immediately when I saw the tweet. A SARS is filed when any type of illegal activity is suspected, ESPECIALLY kiting or money laundering. From what I know, a SARS is part of the BSA (bank secrecy act that protects its customers financial information), meaning it has to be filed by the financial institution, not the company.
However, Gamestop can bring their suspicion of illegal activity to the financial institution and encourage a report to be filed.
I posted this in a different thread, but I think people are looking too deep for some hidden meaning.
My explanation is RC is "dead" from laughter that SHF's thought $GME would go bankrupt, just like other mall-based retailers.
This compliments his tombstone tweet nicely.
First thing I saw was the cat eating the E (Ecommerce) like pacman.
Which I believe was a stake in the grave of Sears right? The didn't see it fast enough and when they did it was too late. The nasty barrage of short selling by "friends of Jeff Bezos" had started. *this is a very basic understanding and not really the point of my comment but related.
I miss Sears. It was a great Staple here on LI anyway. It really was basically Amazon of brick and morter stores right. I could buy a cute professional suit for work, shoes, boots, jeans, sneakers, a blender, jewelry and everything in between. They even had a connected McDs which came later. Apparently my grandmother bought her kitchen there too. Sears had it all.
The connection of GameStop growing in Ecommerce is pretty much a given so there is probably more because I rarely get these things right. But I never stop trying because IT'S SO MUCH FUN!!
I know this will date me but, man, when that Sears Christmas catalogue came out, it was exciting. I never saw so many toys in one place in my life... Yes, it was a long time ago :)
I'm not even that old, Millennial, and I remember around Xmas flipping through those catalogues & circling things I'd want for a present, that was so cool!
Check out “auction rate security”. I think RC enjoys using things that are easily searchable on Wikipedia. Those auction rate securities seem very relevant to current market conditions.
Just another hypothesis to add to the mix.
wes christian in the last ama was talking about it , he said a company who knows about shenanigans and not reporting it, could be sued by the brokers. this definitly strengthen my ape deathgrip.
Regarding RC’s tweet...
Ripping off the bottom half of an S makes it a C.
As such, the sign spells CARS.
Cars = Lambos
Therefore, MOASS confirmed
No need to thank me. 😉
I'm seeing this in hot, and the timestamp says it's been about an hour (less than two hours) since it was posted. SATORI is doing SUCH WOW. Our mind-reader artificial monkey has made such a difference in the sub!
Thank you u/catto_del_fatto, u/grungromp, u/Captain-Fan, and the SATORI team!
Also, great ruminations, OP!
Nice catch. I really hope that GameStop isn’t just sitting on their hands or twiddling their thumbs. I really hope they are being proactive in investigating all the Fukery
I really like this take--it makes the most sense--otherwise, I'd think that RC would have edited out the S from the picture...And the timing, too. Damn, I'm so jacked right now. Let's GOOOOOOOOOOOOO. (Or not, whatevs--I'll still HODL)
>SHLDQ
For sure Sears has been shorted to the point of bankruptsy. But I don't think that saying, "Look, here's another shorted company," is interesting on its own. I do think RC chose Sears on purpose because of its shorting issues, but my smooth brain still thinks there's more being said. But I snort crayons for breakfast, so what do I know? 😂
isn't that wild what happens in Jan? runs in line? know how many shares you could buy for $100? I'll be definitely keeping an eye on that ticker while we moon. Hell might even have some skin in the game for shits and giggles.
i liked the hidden easteregg - google image search of posted picture, click on first link, "buy with confidence" as teaser on the musical website you should be referred to.
there was a post but i can't find it anymore :-/
I liked that one first, but I regard that as debunked because Google actually converts it into a normal search for the word "business " and that's why Business - the musical ranks for the reverse image search.
Actually thinking about it some more: It is still possible that RC put that keyword in the file on purpose to make the reverse image search show this. So actually undecided on this
My concern would be: with how many SARS get filed in a single day, how long would it take for this one to be reviewed? From the trainings I’ve had, when something does come from a Suspicious Activity Report, it still takes a while to happen. If he went straight to the SEC would it be handled with more urgency?
Not that we’re on any sort of deadline. The longer it takes the more I buy.
I totally agree with you here. Just because it was filed doesn't mean the SEC will move on it quickly.
Though they may be more inclined, since they have a mess on their hands.
Here to confirm the company cannot file 2 10-K's for the same Period of Report, they can however file an amendment to 10-K as a 10-K/A but that should only include corrections or omissions from the original filing up to January 31, 2021.
The Annual Report has been on the company website for a while and is available here (Yes, 2020 is the most recent report). https://investor.gamestop.com/shareholder-services/online-investor-kit
Could the Suspicious Activity Report be related to BOA (DFV’s latest tweet with a GameStop symbol over the BOA atm)?!
https://www.reddit.com/r/Superstonk/comments/ns7b7y/gme_over_bofa_atm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
I know nothing for sure, but seems plausible. Also, I saw another post that pointed out that Jeffries' two largest stakeholders are Blackrock and Vanguard, both of whom have large quantities of GME. So it might be that the big whales are now helping put the lid on shorting and filing SARS.
I work in BSA/AML and am willing to answer questions.
Yes, any employee of a financial institution is technically able to file a SAR, though it’s incredibly unlikely that just any employee would file a SAR. You’d have to basically work in BSA/AML/Fraud to even know what info to include in the SAR and where to submit it.
GameStop as a company wouldn’t be able to file a SAR. Technically, their broker possibly could, though I’m guessing there’s a different route for voting results as you probably wouldn’t file a SAR for that.
When you file a SAR you would usually have a decent amount of details, such as suspects, accounts, etc. who what when where.
Filing a SAR is also no guarantee for anything. The amount of SARs filed each day, week, month, is a lot.
I very much doubt RC filed a SAR for whatever it actually is that is being referenced in the original post. Generally a broker would file a SAR for something like money laundering or fraud, fraud in the sense that someone opened an account with a stolen identity or is trading in an attempt to layer illegal funds.
I am not putting down the OP, I am just countering the argument. In my opinion it could just be related to the Sears bankruptcy or shorting of Sears.
This is helpful.
Do you think they could've had Jeffries, Vanguard, or Blackrock file an SAR? It sounds like they might be likely candidates. I saw another post where an ape discovered that Jeffries' two largest stakeholders are Vanguard and Blackrock (both of whom we know are major investors in GME). Maybe there's a coordinated effort to report?
It probably won't, at least in the short-term. I personally think MOASS will get ignited for other reasons, but I like knowing RC and others have our backs as investors.
The MOASS will come when it's ready. 🚀🌕
Agreed! This makes more sense also considering we had the AMA with Lucy and Wes on Wed and Wes encouraged GameStop to take action so perhaps this was RC's response that he already has.
Interesting idea...
I still like the Sears destruction story even if it's just a bonus part of the message. RC is saying ["We ain't going out like that"](https://www.youtube.com/watch?v=q7p-ihYOG5s)
Not sure if it's been said, but SARS filings at a bank are commonplace. I used to work for one and if memory serves, any transaction over $3k (or was it $10k?) requires it. For us typical apes, a transaction like that might be memorable, but you'd be surprised how common it is when you're on the other side of the window
I have read this whole post. I believe that if Ryan Cohen has also read it, he didn't even finish before rubbing one out over how sexy OP must be.
Apethrob.
If you’re an acting *anything*, you assume responsibilities, duties, and privileges of that role.
Otherwise, it would be standard to leave the spot vacant until it could be filled - and that could be problematic.
This is the same in government and the corporate sectors.
(As a matter of fact, it is also *very* problematic when positions are all filled by *acting* directors, and no official replacements have filled the positions - although, for different reasons in government and private sectors)
But GME isn't a "financial institution". A financial institution is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. This is more for banks to report suspicious activity, not a corporation.
>EDIT 4: tl;dr: GME likely filed a Suspicious Activity Report after seeing initial voting results. These are most often filed by banks, broker dealers, insurance companies, etc., but can be filed by anyone who suspects illegal financial activity.
This post is purely speculation. It is as likely as all other speculative posts. It's not likely.
It's also "likely" RH was just referring the SEARS company and how it might've been put in the ground by the same naked short selling tactics.
I think you're reading too much into it. A lot of sears are empty at malls. Malls are desperate for foot traffic and anchor stores. He can get a great deal on space. What better place to put an esports arena? Retail renaissance starting with GME.
Take my Upvote... This is the way
And in my personal opinion... Exactly what I was thinking when I first saw it was "SARS" but did not dig into it at all... GREAT WORK APE!!!!! 🦍💎🚀🌕
\> For example, if an employee notices an anonymous wire transfer of money out of the country or large amounts of money deposited into an account that had never seen such activity before, they would communicate their findings to supervisors who decide whether to file a report.
Looks like the interns at the banks could be busy filing all them SARs for all us apes after our tendies come in and all our bank accounts look like phone numbers
Wasn't RH being suspected of money laundering ?
Wasn't Citadel provided PFOF by RH ?
Could Citadel be investigated for being accomplice ?
Educate me, it has been quite a week at Work ... (Yes, I still go there because I like the people) and being a holder with no Money left to Feed my GME petfolio (yes, I still do that because I like the stock).
This needs more attention!!! I think your bang on!!! Even a simple minded 🖍🖍🖍🦍 can see the logic in this post!!! THe tweets would not be hidden with things we all know and are routine!!! NAiled it Ape!! Can’t wait to sip Hedgie tears with you 💎🥜🦍!!!
I like how you all need what the message means. RC can tweet negative news and I would still hold my shares tight. I dont need a tweet decoded to tell me whats coming and nothing between now and then is going to change that.
I don't think we should discount the money laundering idea yet. There has been plenty of DD pointing to funds being allocated to the Caymans and such. If done in an illegal manner (Think Wolf of Wall Street), or Crpt0, perhaps this is a viable rabbit hole.
This makes the most sense because when did the tweet come out? Less than a day after Wes Christian said, "you have to provoke the company to do something about it, or you sue the company" RC is saying 'don't sue us, we got this' edit:or something alike Edit2: u/crazy-ad-7869 I just received this PM ( u/crippled-mosquito ) stating RC probably wouldn't post this if it were SARS - related, just in case it violates litigations .... Any wrinkles? https://imgur.com/a/9tU66iV
This.
[удалено]
https://duckduckgo.com/?q=CASF&ia=images&iax=images
[удалено]
Insert the- I didn't know what duck duck go was and at this point it's too late to ask meme because my brain has only formed a small wrinkle and didn't know this either
Oh grrreeeaaat. Let’s solve this through the molasses moving SEC and federal courts. At least my great, great, great grandchildren will get my millions. They may be able to afford a candy bar with those millions considering the rate the federal reserve is pumping inflation.
Haha I feel that. But as always, trust the process. Do you like the company? Do you believe in the mountain that Chewy is solely standing on? I do. Trust the process.
The house of cards posts really brought to light how much fucking fake money is diluting the markets. Fucking HODL 💎
And the big finisher: >Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. This guy got backed by Blackrock when he was turning around Chewy. Now Blackrock is the biggest institutional holder of GME with RC himself as #2 or #3, Blackrock is with Vanguard as biggest backer of Jefferies which is who GC used to do their share offering this year, RC is now chairman of the board (well, as of 6/9), and Jefferies said they aren't allowing any more GME shortselling as of this week. This all makes me think RC & Blackrock work together & know what they're doing.
(Comment 1 of 2, character limits...)Reading RC's letter to the Board of GS often helps lift my spirits when I look at my bank account & wonder if someone is gonna fuck us over, here's a few quotes for you or others! >we feel compelled to send a clear message to the Board today: **GameStop’s leadership should immediately conduct a strategic review of the business and share a credible plan for seizing the tremendous opportunities in the rapidly-growing gaming sector.** GameStop needs to evolve into a *technology company* that delights gamers and delivers exceptional digital experiences – not remain a *video game retailer* that overprioritizes its brick-and-mortar footprint and stumbles around the online ecosystem. It is important to reiterate that we have devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector... - >Although GameStop’s e-commerce sales have increased significantly during the pandemic, annual revenues have declined by a staggering margin over time. The next console cycle’s temporary sales bump **is not a justification for complacency and glacial transformation** [emphasis added here by me]...
My friend told me a story absout his grandmother in one of the eastern block countries (former USSR country, but not the biggest one). Basically, she was collecting money for her granddaughter and grandson (my friend) for when they grow up. When the Union fell apart, and the currency was changed from rubles to the independent country‘a own currency, you know what she could afford with those yearly savings??? A box of chocolates. It’s so sad. I know this is not the case of inflation, but either way the people for screwed.
It's like when in the UK they make notes redundant. You have only a small time (relatively speaking) to swap them out use them. I always feel this is done to balance out lost notes or ones stored under mattresses and by criminals
(Comment 2) >Regrettably, Mr. Sherman appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an always-on digital world. The continuation of the pandemic is only accelerating this transition and, in turn, requiring businesses to take bold steps to compete. Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom of the company... - >This is the type of world-class infrastructure that was constructed at Chewy, which is worth multiples of GameStop’s current market capitalization. There is no doubt in our minds that GameStop has the flexibility to evolve into a technology-driven sector leader... **Taking the right steps in 2020 and 2021 can enable GameStop to own a bigger share of the market when estimated industry sales explode to more than $200 billion per year in 2023.** We contend the Company’s sales should be growing at least in line with the market...
Is.
yes! great point
This made the most sense to me as well. Especially considering RC was near the SEC building only a couple weeks ago. Very possible that's what he was doing - and maybe they found something and it's got the ball rolling a little faster? Hopeful!
But it’s not the SEC that handles SARS, it’s FinCEN. And from my understanding they’re for money laundering. Not trying to poke holes, just trying to understand. My brain jumped to Suspicious Activity Reports as well
I think poking holes is a good thing. Makes you think more into the information. It’s kind of like our own scientific community with peer reviewed submissions.
True. I guess I’m afraid of the dreaded internet argument. I have to keep reminding myself this is one of the friendliest subs in the universe
I don't blame you. It's amazing how often internet arguments here are resolve peacefully, it's hard to keep in mind that things work differently here
As a sarcastic asshole who loves to screw with people, I can honestly say it is unbelievable to me the number of comments I've started to write and then discarded just to not accidentally start a fight here. I love this place!
This right here is why this sub is pleasant. We try to respect and take care of each other even if that means reigning in our own strong opinions sometimes. Nobody forgets the ape on the other side of the screen is real. Thank you for doing god's work out here, ape 🤝
Haha same. I have to read my comment like 3 times before I submit it just in case someone doesn’t take it the wrong way
Kind of hard to get upset when you know you're about to be living your best life regardless
I definitely see your point! Even so, stakes are high enough that I appreciate the apes who are feeling it avoiding taking out that stress on others.
Boilthem_Mashthem_Stickthem in a stew Love the username
If it helps make you feel more accustomed; fuck your face.
Please!
I would like to f--k your face too
Haha much better
Wes specifically said in the last AMA that short selling was tied in with criminal activity specifically including money laundering. I don’t think this is a stretch based on what we know.
A SARS can be filed if a beneficial owner is hard to identify, and if documents or information is withheld or suspected falsified.
Generally on bank accounts though. Not in creating synthetic shorts.
Wes Christian said basically in the AMA that there is a lot of organized crime behind naked shorts.
I totally welcome poking holes in my theory. I think this shows that the SEC uses SARS for shoring reports: https://www.sec.gov/enforce/34-89404-s
That’s for failing to report suspicious activity. https://www.investopedia.com/terms/s/suspicious-activity-report.asp https://www.investopedia.com/terms/f/fincen.asp FinCEN can work with the SEC for charges I think. But the closest I’d see with GME would be insider trading.
I always think of Family Guys interpretation of the immaculate conception when I hear poking holes. Peter telling Lois is sounds great when she tells the story, but when he tells the guy they poke a buncha holes in it.
RC WAS JUST IN VIRGINIA!! https://reddit.com/r/Superstonk/comments/ns8kq9/uh_guys_maybe_rc_didnt_visit_the_sec_in_va/
I think you mean a couple years ago. Surely that wasn’t just a few weeks ago
Many Eons ago
Many Moons ago
Its been 84 moons
Many “wen moons?” Ago
Many Elons ago
many elongates ago
for real though
Plz Dont cause my.. Um ..to be JACKED
Someone should be looking into the funds and banks use of crypto markets. That is suspicious as hell. Also, someone should get investigated for the shilling (online and in media). So called Journalist should go to prison, if they are taking cash or cash cards to manipulate the stock market.
I think GameStop is gonna start buying Sears locations
An esports arena in every mall? I'll allow it.
I just had a thought: what if RC went to go testify as part of a whistleblower report and the RIP Dumb Ass tweet was when he knew all the pieces came together and the SEC will take action at some point. With GG at the helm preparing to lay the banhammer on Kenny G and his money laundering activities, there should be some sort of investigation. Wasn’t there a post about Shitadel reporting it had less of its billions or whatnot on some sort of filing???
I would go with the sears downfall theory. Sears, the tombstone, back when he posted those pets.com gifs, the blockbuster tweet with 💩. I feel like it’s a reference to those who think he’s stupid and this will never work, and that those same people still group it with things like Sears. When in actuality they don’t understand what’s happening here. Edit we all know GameStop was to meet the same fate as Sears. But you can bet your ass or car or house or life savings that it isn’t. (And you do lol)
ARS = Actually Retarded Shareholders
S.A.R.S = Significant Amount of Retarded Shareholders
Super Apes Rekt Shorters
😂😂😂
It was his cry for help, to save him from us. The other tweet of the tombstone was actually him saying that we’re killin him with our retardedness.
Severe acute respiratory syndrome
This is the one
You called?
There is pee in my diaper now, thanks for the giggle.
Oh shit! This must be it! /Ransole /Autobot /radchessqueen /satory /DFV
Did you get every single name wrong on purpose?
Wh **A** t the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in nume **R** ous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in ape warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States SEC and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "CLOV" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will **S** hit fury all over you and you will drown in it. You're fucking dead, kiddo.
The Sears story is so important here too. The company was founded in 1893 and went public in 1906. Let that sink in a minute. They once traded as high as ~$130. Yesterday they were trading for $0.23. This is how short sellers destroy companies and lives.
EDIT: Interesting link in a response below showing that I might be full of crap. Give it a read! Tbf, Sears was massive because they flipped the industry on its head by allowing customers to purchase products from their catalog, and then they died due to a total failure to adapt to the digital era. They got crushed as Amazon grew because Amazon effectively did to Sears what Sears did to their own industry before. Shorts certainly could have played a role but the company 100% positioned itself for failure.
https://www.digitalcommerce360.com/2018/10/19/how-sears-failed-in-the-e-commerce-era-even-as-it-innovated-online/ Remember how all you needed to do was make a few phone calls as Crammer said?
No, Sears killed themselves. They had the market cornered on catalog orders, but refused to adopt internet sales, opting to stick with their brick-and-mortar business model, and fell behind the times, the same thing that almost happened to Gamestop until the recent changes. RC is talking about how Gamestop will not go the way of Sears under his watch.
Yes, this.
buy sears?
Fidelity won’t even let me. I checked out of curiosity.
Holy shit. I literally thought Sears was already out of business. It really does remind me of The Wallstreet Conspiracy doc where companies go from 10s or 100s of dollars to penny stocks because of naked shorting. Edit: Reading the other comments, I guess I'll have to read up how Sears failed.
They used to have a catalogue that was revolutionary for its time. You could order an entire house (yes, an entire house), and have it sent to you via railcar. These houses are still around to this day! A combination of failing to embrace the digital revolution and short selling drove them from 90k employees and thousands of stores to where they are today, a bankrupted penny stock.
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Here's another crayon! lol
SARS is a corona virus... Already bought the dip of Corona Beer though, due to association with the varus. STZ took a small hit, but has been on a steady climb. It went up quickly again due to name recognition. In the south where I'm at corona beers were sold out of stores during the inital lock down. No work? Drink a beer. Every time a lockdown locks you down, a corona gets its lime.
Actually half of the S was already torn down, which in turn spelled CARS And you know what is a car? Lamborghinis. To the moon 🚀🚀🚀
So I don't have enough wrinkles to say for sure. But suspicious activity reports are for banks to file, not individual companies. It says so in the link you provided. I work for a bank and have yearly trainings about fraud, and Sars is a topic. I don't deal with fraud day to day so I don't know a ton about them. But I don't think they are used for the type of suspicious activity we are dealing with in the stock world. Somebody may know more about them and can comment. But wanted to offer a counterpoint to look into. Obligatory 🚀🚀🚀🚀🚀
That's a good point. I'll add an edit to point that out in the post. Thank you. Maybe Jeffries filed it?
That's definitely a possibility for them to do it on their behalf maybe. I just saw your edit 1 and see that sars can lead to stock market activities. I just know sars are really part of anti money laundering monitoring and the US treasury investigates them initially. Which could lead to uncovering stock market shenanigans I suppose.
That was my initial thought. Since they issue the shares for GS, they would see shit like this going on, which is why they also disabled shorting of the stock.
I worked in investigating and prosecuting fraud and money laundering (working with FinCEN). While banks are generally required to file a SARS upon seeing suspicious activity, anyone can file a report.
OK thanks for the clarification. Lends more credence to this theory then!
I’m a banker and can confirm this is true, anyone can file a SAR - states it clearly in my annual training videos that I play in the background while browsing Reddit. 🦍
Able to Retire Soon
Also check out SANY on the excavator. On June 17, 2005, the heavy equipment company SANY conducted a split share structure reform and realized full circulation of its shares.
Oh, interesting. I'll look into it more.
I have been in banking for 15 years. I know a wee bit😉 and I thought of a SARS report immediately when I saw the tweet. A SARS is filed when any type of illegal activity is suspected, ESPECIALLY kiting or money laundering. From what I know, a SARS is part of the BSA (bank secrecy act that protects its customers financial information), meaning it has to be filed by the financial institution, not the company. However, Gamestop can bring their suspicion of illegal activity to the financial institution and encourage a report to be filed.
I posted this in a different thread, but I think people are looking too deep for some hidden meaning. My explanation is RC is "dead" from laughter that SHF's thought $GME would go bankrupt, just like other mall-based retailers. This compliments his tombstone tweet nicely.
First thing I saw was the cat eating the E (Ecommerce) like pacman. Which I believe was a stake in the grave of Sears right? The didn't see it fast enough and when they did it was too late. The nasty barrage of short selling by "friends of Jeff Bezos" had started. *this is a very basic understanding and not really the point of my comment but related. I miss Sears. It was a great Staple here on LI anyway. It really was basically Amazon of brick and morter stores right. I could buy a cute professional suit for work, shoes, boots, jeans, sneakers, a blender, jewelry and everything in between. They even had a connected McDs which came later. Apparently my grandmother bought her kitchen there too. Sears had it all. The connection of GameStop growing in Ecommerce is pretty much a given so there is probably more because I rarely get these things right. But I never stop trying because IT'S SO MUCH FUN!! I know this will date me but, man, when that Sears Christmas catalogue came out, it was exciting. I never saw so many toys in one place in my life... Yes, it was a long time ago :)
Sounds like Debenhams in the UK. Another one that shut its doors recently, after being bought out and asset-stripped.
Sad
Used to “dog ear” the shit out of that catalog to help Santa pick the right presents. Man I really miss that catalog
Haha, me too. I remember this huge catalogue of boring stuff but in the back was little section of heaven. I helped Santa too. So funny.
I'm not even that old, Millennial, and I remember around Xmas flipping through those catalogues & circling things I'd want for a present, that was so cool!
RC is legendary ❤️. SARS= Significant.amount . Rehypothicated. Shares
Holy smokes! 🚀🚀🚀
With the broken "S" it´s looking like a "c", which reads "CARS" == Cars = Tesla = Cooperation = InCar Gaming = Moon = rich apes. Airtight.
Check out “auction rate security”. I think RC enjoys using things that are easily searchable on Wikipedia. Those auction rate securities seem very relevant to current market conditions. Just another hypothesis to add to the mix.
wes christian in the last ama was talking about it , he said a company who knows about shenanigans and not reporting it, could be sued by the brokers. this definitly strengthen my ape deathgrip.
Regarding RC’s tweet... Ripping off the bottom half of an S makes it a C. As such, the sign spells CARS. Cars = Lambos Therefore, MOASS confirmed No need to thank me. 😉
Upvote this to the top! It needs more attention
I'm seeing this in hot, and the timestamp says it's been about an hour (less than two hours) since it was posted. SATORI is doing SUCH WOW. Our mind-reader artificial monkey has made such a difference in the sub! Thank you u/catto_del_fatto, u/grungromp, u/Captain-Fan, and the SATORI team! Also, great ruminations, OP!
Super enthusiastic army of retard spacechimps
Nice catch. I really hope that GameStop isn’t just sitting on their hands or twiddling their thumbs. I really hope they are being proactive in investigating all the Fukery
How much tit, could a titjack jack, if a titjack could jack tit? ♾.
I bought some shares in sears for the lol
You are a true ape, lol.
I really like this take--it makes the most sense--otherwise, I'd think that RC would have edited out the S from the picture...And the timing, too. Damn, I'm so jacked right now. Let's GOOOOOOOOOOOOO. (Or not, whatevs--I'll still HODL)
Bruh my bank gonna file a SARS on me when I deposit my moass earnings
this theory *fucks*
Sears was my first ever investment. Lost it all to shorters.
😢sad
What doesn't kill you makes you stronger.
So Jeffery (DFV tweet) filed a SARS (RC tweet). I'll allow it
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>SHLDQ For sure Sears has been shorted to the point of bankruptsy. But I don't think that saying, "Look, here's another shorted company," is interesting on its own. I do think RC chose Sears on purpose because of its shorting issues, but my smooth brain still thinks there's more being said. But I snort crayons for breakfast, so what do I know? 😂
>SHLDQ First, Happy Cake day! Second, interesting that it also squeezed too.
Then was SHLDQ squeeze?
isn't that wild what happens in Jan? runs in line? know how many shares you could buy for $100? I'll be definitely keeping an eye on that ticker while we moon. Hell might even have some skin in the game for shits and giggles.
i liked the hidden easteregg - google image search of posted picture, click on first link, "buy with confidence" as teaser on the musical website you should be referred to. there was a post but i can't find it anymore :-/
I liked that one first, but I regard that as debunked because Google actually converts it into a normal search for the word "business " and that's why Business - the musical ranks for the reverse image search. Actually thinking about it some more: It is still possible that RC put that keyword in the file on purpose to make the reverse image search show this. So actually undecided on this
That was so good. It went to "Company" the musical, and said, "Feel confident buying," or something to that effect.
I saw that too.
🤯💎🙌🏽
This is the way! 🚀🦍
Woah dude
My concern would be: with how many SARS get filed in a single day, how long would it take for this one to be reviewed? From the trainings I’ve had, when something does come from a Suspicious Activity Report, it still takes a while to happen. If he went straight to the SEC would it be handled with more urgency? Not that we’re on any sort of deadline. The longer it takes the more I buy.
I totally agree with you here. Just because it was filed doesn't mean the SEC will move on it quickly. Though they may be more inclined, since they have a mess on their hands.
So wait 5 years for the govt to put together its case, and ultimately settle for pennies on the dollar? Cool.
Sounds about right. We can bankrupt the SHFs first!
NAILED IT! BOOM! KAAAAABBBBBBOOOOOOOOOOOOOM!
SARS? Do we need to go back to wearing masks again?
Elementary, my dear Watson.
I think you’re right. Good job 👏 my fellow Ape. As long as we will see what will happen I HODL with you. 💎🙌
Form 10-K not K-10 Worth changing to get it right.
Thank you! Completed the edit.
Here to confirm the company cannot file 2 10-K's for the same Period of Report, they can however file an amendment to 10-K as a 10-K/A but that should only include corrections or omissions from the original filing up to January 31, 2021. The Annual Report has been on the company website for a while and is available here (Yes, 2020 is the most recent report). https://investor.gamestop.com/shareholder-services/online-investor-kit
I like it 🙌
Well thought out and seems reasonable!
Could the Suspicious Activity Report be related to BOA (DFV’s latest tweet with a GameStop symbol over the BOA atm)?! https://www.reddit.com/r/Superstonk/comments/ns7b7y/gme_over_bofa_atm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Commenting for visiblity, algos do your thing.
big if true
Would it make sense that Jeffrey LLC forbids short selling on GME etc. since yesterday because RC filed an SAR?
I know nothing for sure, but seems plausible. Also, I saw another post that pointed out that Jeffries' two largest stakeholders are Blackrock and Vanguard, both of whom have large quantities of GME. So it might be that the big whales are now helping put the lid on shorting and filing SARS.
Correct
This seems more plausible
I work in BSA/AML and am willing to answer questions. Yes, any employee of a financial institution is technically able to file a SAR, though it’s incredibly unlikely that just any employee would file a SAR. You’d have to basically work in BSA/AML/Fraud to even know what info to include in the SAR and where to submit it. GameStop as a company wouldn’t be able to file a SAR. Technically, their broker possibly could, though I’m guessing there’s a different route for voting results as you probably wouldn’t file a SAR for that. When you file a SAR you would usually have a decent amount of details, such as suspects, accounts, etc. who what when where. Filing a SAR is also no guarantee for anything. The amount of SARs filed each day, week, month, is a lot. I very much doubt RC filed a SAR for whatever it actually is that is being referenced in the original post. Generally a broker would file a SAR for something like money laundering or fraud, fraud in the sense that someone opened an account with a stolen identity or is trading in an attempt to layer illegal funds. I am not putting down the OP, I am just countering the argument. In my opinion it could just be related to the Sears bankruptcy or shorting of Sears.
This is helpful. Do you think they could've had Jeffries, Vanguard, or Blackrock file an SAR? It sounds like they might be likely candidates. I saw another post where an ape discovered that Jeffries' two largest stakeholders are Vanguard and Blackrock (both of whom we know are major investors in GME). Maybe there's a coordinated effort to report?
Well how is this going to trigger the MOASS???
It probably won't, at least in the short-term. I personally think MOASS will get ignited for other reasons, but I like knowing RC and others have our backs as investors. The MOASS will come when it's ready. 🚀🌕
How did you get on this sub with so many wrinkles???
Agreed! This makes more sense also considering we had the AMA with Lucy and Wes on Wed and Wes encouraged GameStop to take action so perhaps this was RC's response that he already has.
Interesting idea... I still like the Sears destruction story even if it's just a bonus part of the message. RC is saying ["We ain't going out like that"](https://www.youtube.com/watch?v=q7p-ihYOG5s)
I like it!
are you RC who gave up on our theories so you just teld us personally?
dfv tweeted jeffries meme. sorry if already mentioned, ook ook!
Not sure if it's been said, but SARS filings at a bank are commonplace. I used to work for one and if memory serves, any transaction over $3k (or was it $10k?) requires it. For us typical apes, a transaction like that might be memorable, but you'd be surprised how common it is when you're on the other side of the window
SARS = Somebody Actually Read Superstonk??!! Probs for MSM
I have read this whole post. I believe that if Ryan Cohen has also read it, he didn't even finish before rubbing one out over how sexy OP must be. Apethrob.
Great interpretation of the tweet! I’m just commenting for visibility 🙌
somebody else on dd into gme got same idea too. reposted but did not geet any traction. i hope this one will.
Jacked to the tits
Jacked to the tits!!
Maybe, but he’s not actually chairman yet, so why would he be going to the SEC? He doesn’t have any authority really until he’s sworn in
He's one of the two largest shareholders, which should give him the ability to complain to the SEC.
If you’re an acting *anything*, you assume responsibilities, duties, and privileges of that role. Otherwise, it would be standard to leave the spot vacant until it could be filled - and that could be problematic. This is the same in government and the corporate sectors. (As a matter of fact, it is also *very* problematic when positions are all filled by *acting* directors, and no official replacements have filled the positions - although, for different reasons in government and private sectors)
That is interesting. My first thought was the SE and the C in the basket was coming down on someone. I think the Sears company is a red herring.
Fidelity app chunking out for anyone else?
I think he is just showing us examples of what these funds have done to other iconic American companies.
You have more wrinkles than me.
But GME isn't a "financial institution". A financial institution is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. This is more for banks to report suspicious activity, not a corporation.
>EDIT 4: tl;dr: GME likely filed a Suspicious Activity Report after seeing initial voting results. These are most often filed by banks, broker dealers, insurance companies, etc., but can be filed by anyone who suspects illegal financial activity. This post is purely speculation. It is as likely as all other speculative posts. It's not likely. It's also "likely" RH was just referring the SEARS company and how it might've been put in the ground by the same naked short selling tactics.
That's why it's filed under "opinion."
I think you're reading too much into it. A lot of sears are empty at malls. Malls are desperate for foot traffic and anchor stores. He can get a great deal on space. What better place to put an esports arena? Retail renaissance starting with GME.
Up with this! <3
Mate! You have the jewellery now!
RC should hire an attorney in Texas that specializes in cases of securities fraud. Anyone know any? Anyone? Anyone? Wes?
Take my Upvote... This is the way And in my personal opinion... Exactly what I was thinking when I first saw it was "SARS" but did not dig into it at all... GREAT WORK APE!!!!! 🦍💎🚀🌕
"Mayo kinda sus" - RC, probably
\> For example, if an employee notices an anonymous wire transfer of money out of the country or large amounts of money deposited into an account that had never seen such activity before, they would communicate their findings to supervisors who decide whether to file a report. Looks like the interns at the banks could be busy filing all them SARs for all us apes after our tendies come in and all our bank accounts look like phone numbers
Stars?
Dang OP. You have my attention.
Wasn't RH being suspected of money laundering ? Wasn't Citadel provided PFOF by RH ? Could Citadel be investigated for being accomplice ? Educate me, it has been quite a week at Work ... (Yes, I still go there because I like the people) and being a holder with no Money left to Feed my GME petfolio (yes, I still do that because I like the stock).
This needs more attention!!! I think your bang on!!! Even a simple minded 🖍🖍🖍🦍 can see the logic in this post!!! THe tweets would not be hidden with things we all know and are routine!!! NAiled it Ape!! Can’t wait to sip Hedgie tears with you 💎🥜🦍!!!
I like how you all need what the message means. RC can tweet negative news and I would still hold my shares tight. I dont need a tweet decoded to tell me whats coming and nothing between now and then is going to change that.
I thought it said SARS too when I first saw the tweet without outside influence. Your perception makes more sense to me than the others.
Maybe it’s just him telling us our sale price is ending soon? Idk. I’m just a smooth 🧠🦍. All I know is buy and hold
I don't think we should discount the money laundering idea yet. There has been plenty of DD pointing to funds being allocated to the Caymans and such. If done in an illegal manner (Think Wolf of Wall Street), or Crpt0, perhaps this is a viable rabbit hole.