The Cult of the Dead Stock.

[Music] I've seen so many tweets talking about how like we're the flat earthers of the investing world and like all that but you're crazy until you're not and that's true of like pretty much everything in life this is egg loser boy someone I've befriended over the last few months he's been telling me about a company he's invested his money into a company that goes by the name of Bed Bath and Beyond I'm going to make a good amount of money off of this whether it's like 3 million or less or 20 million or more I

don't know there's just one problem the company doesn't exist anymore in the first part of this series I discovered a community that had been dedicated to buying shares in a company most people thought was dying GameStop they had a particular infatuation with one individual Ryan Cohen is taking over as Gamestop CEO mean King Ryan Cohen Ryan Cohen if you hear me you're [ __ ] amazing I thought that was the end of my investigation I was ready to walk away but then I discovered another Community dedicated to investing into a collapsing HomeGoods store known as

Bed Bath and Beyond except this time I was warned the Bed Bath and Beyond Community are the most insane these people need help and you cannot help them I was only scratching the surface of just how far This can go I I invest my life savings in this because I got excited just buy B Beth and Beyond they're going to perceive you as an enemy put up my home address and said I'm home alone come visit me Ryan Cohen as far as I'm concerned rug pulled everybody he published these children's books in my opinion they're

not written for children he made money and everyone who followed him lost their ass Chief Financial Officer died by Suicide show Me a proof of that he died we're getting to a point where there could be suicides associated with this I would like to give a toast to the most [ __ ] greatest Community [Music] ever your personal information can most likely be accessed online this very second with a simple Google search in fact there's an entire industry of data brokers who get this data from a variety of sources and then they sell your Personal

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sponsors like delete me that we can continue doing this and if you'd like to continue supporting our work please do consider joining the patreon it allows us to continue making videos and even bigger and better documentaries that Being said please enjoy the rest of the video Ryan Cohen ever since the Mania of 2021 GameStop investors had been closely watching his actions whatever he did he would have an army of people supporting his moves so here's a question what happens when someone like Ryan Cohen buys into a new company I just had a feeling Bed Bath

and Beyond was going to pop so I thought that Ryan Cohen was involved I thought he was going to you know take this Somewhere Brandon was just one example of someone who trusted Ryan Cohen to him and many others they saw Cohen's actions as part of a grander overarching plan that was before it all went wrong on March the 6th 2022 whilst he's still a chairman for the board of GameStop Ryan Cohen announces in a letter that he has purchased a 99.8% stake in a new company Bed Bath and Beyond a struggling heavily shorted HomeGoods

retailer with falling revenues Bed Bath and Beyond's shares were represented through its ticker symbol bbby so whenever you hear bbby think Bed Bath and Beyond in his letter he offered several strategies for the company to try and turn itself around he had done this exact same thing with GameStop 2 years prior he was attempting to swoop in and save a dying company as you can imagine to those who were watching his actions closely it caused quite a stir Ryan Gan had invested more into Bed Bath And Beyond than he he had invested initially into GameStop

Hodgins invested much of his savings into GameStop after learning about Cohen's investment in bed bath he also decided to follow suit I found that quite compelling because I thought hey here's a guy who has all the access to the information he believes There's an opportunity with Bed Bath and Beyond My Story with Bed Bath Beyond started with when Ryan Cohen bought a little bit of it's Ryan Cohen I believe In Ryan Cohen I believe that he has been raised by his father the right way and I thought wow this could be the next Game Stop

Bed Bath and Beyond surging today after Ryan Cohen revealed a big stake in the company it wasn't just GameStop invest who jumped into this new investment however my name is aif arraba and uh my friends and those in the Reddit communities they know me by my initials AJ I work at MIT I have a PhD in neuroscience and I'm extremely Bullish on Bed Bath and Beyond AJ told me that he had invested his life savings into Bed Bath and Beyond I never invested in gme I felt that the ship had sailed without me um but

some time had passed and I happened to hear about Ryan Cohen and make his invest into bed b and Beyond this was like a tailor made opportunity for Ryan Cohen a heavily shorted brick-and mortar company struggling to adapt in the digital age straight from the GameStop Playbook the Excitement and the influx of new retail investors pushed up the stock price of Bed Bath and Beyond a whole new cohort of Bed Bath and Beyond investors were emerging soon they began to congregate on a subreddit named after the stocks ticker symbol r/ bbby and that's when I

started getting sort of uh deep into the play uh probably focusing more on Bed Bath and Beyond than I ever did on uh GameStop and super St I think it flew to begin with when he first bought in You're not seeing things here folks bed bath meon shares up 90% but this wasn't GameStop and then it started dropping Bed Bath and Beyond was struggling in more serious ways than GameStop was I mean we're talking serious losses racking up debt closing down stores whilst Cohen had suggestions his experience didn't seem as much of a fit here

soon the stock price began to plummet sales for bed meth Beyond are currently running at down down down 20% This is starting to look real scary but amid all the panicked news and slowing stock Cohen seemed unfazed on August 12th of that year CNBC reported the stock was predicted to hit $1 per share Cohen replied to that article on Twitter saying at least her car is full followed by an emoji of a smiling moon face that signaled to a lot of shareholders that you know he he has our you know best interests in mind and

then something interesting happened August the 15th 2022 Cohen has a filing released that shows that he still retains his stake in the company to bed bath investors that filing showed that even after bed bath had been revealed to be struggling Ryan Cohen the man who all these investors followed continued to believe in the company I mean not long after that filing was released the share price started to sore kind of made it look like he was still really involved or going to be buying more and that's What really made the stock fly that particular week

so yeah I guess I did believe it was going to moas so to speak over the last 3 days it's up 135% from starting the month at $5 by mid August of 2022 the bed bath shares sailed past the $20 Mark then than the $25 Mark I thought that it was going to go up more it was up 400% from where it was at the start of the month and then what happens when something challenges your beliefs about the world Ryan Cohen of RC Ventures now has a stake of 0% in Bed Bath and Beyond

indicating that he did in fact sell you can see shares uh down about 20% do you adopt I mean I saw what Ryan Cohen did and I I I just think that he pump and dump Bed Bath and Beyond at this point or does the world and then there was like I'll help Brooks two days after the release of Cohen's filings he sold his entire Position in the company right as the share price was at its peak the Biggest Loser right now Bed Bath and Beyond down 41% he made around $60 million almost doubling what

he put in the news was devastating it sent the share price into freeall a lot of people they they started talking about how they put in their life savings near the top and um watched it all evaporate and they're still holding their shares and they're panicking it sort of ashamed me to say But I took out loans to invest on it which I think a lot of members of the community stupidly did thinking that you know know Ryan Cohen is going to you know blow this stuff up in the weeks following Cohen's sale more news

came out about the company they had been struggling to pay suppliers defaulting on their debts so some started to theorize that Cohen knew the company was failing and use his filing and his tweets to deliberately pump a worthless Stock and dump it for a profit I think I think that he knows what he's doing I think he uses people I think that what he did with Bath and Beyond was an absolute pump and dump in the wake of Cohen sale some shareholders decided to file a lawsuit against him alleging that he had deliberately misled shareholders

in order to pump up the stock and dump it on them remember this tweet he also meant happened to include a smiley face emoji a moon emoji Actually and that that signaled to a lot of shareholders that you know he he has our you know best interests in mind the GameStop had a history of reading into Cohen's tweets for secret messages and the bed bath Community was no different and only occasionally does he communicate through cryptic tweets um to to what he considers his his loyal followers I think that's his way of communicating right without

being uh how do I say this Mishandled by the MSM the theory that he is communicating using tweets with Emojis is in my professional opinion Bonkers in order for the Tweet to be considered part of a pump and dump it needed to be seen as something that could mislead the reasonable investor and yet I couldn't help but Wonder Maybe what the courts consider a reasonable investor isn't who's most impacted by This you know he came up $70 million and all of us lost maybe there are thousands of retail investors for whom a moon emoji is

an important piece of information Ryan usually tweets things that we discover meaning for later on right and then the question becomes does Cohen know that Ryan Cohen a man who for whatever reason many in this community viewed as a heroic figure now some viewed him as their betrayer after a week I was like No I you know this has all been BS the entire time and I sold it all what I found the most fascinating though were not those who chose to leave the community in the wake of Cohen's exit but those who chose to

stay what is I guess the the what's keeping people in because as far as I can see with bed bath this is just a failing company um well he's he's still in is it to your understanding that Ryan Cohen is still somewhat involved in the company Or oh absolutely absolutely without to me it's not even conspiracy we thought okay this is probably part of his strategy there was a lot of denial where people believed that he could still be involved I I never wavered in my conviction I in fact I bought more that day and

that was when I started to realize this isn't the end this was just [Music] beginning what was the Bed Bath and Beyond community's reaction to seeing Ryan Cohen sell I felt bad for the Apes for a split second there were those people who initially were like oh we got we got screwed he left us holding the bag of course those people left almost immediately which left those who wanted to continue with the narrative that they were going to get rich they didn't want to believe in it and they still don't believe in it so they

had to contend with that and come up with a narrative reason that he would have sold but not Sold this is Hannah reloaded a streamer who explores cult-like communities conspiracy theories and in her own words why people believe strange things that seem to not be true and this is simple Vice uh my name simple viice on Reddit and I am a gme meltdowner both are members of the gme Meltdown Community a group initially created to mock the GameStop investor Community but which has in the wake of recent events also shifted its focus to Bed Bath

and Beyond When the Apes have a theory it's usually debunked in the gme Meltdown and it's being debunked by people that are way smarter than the people in uh other communities I think a lot of people thought that Cohen sale would Mark the end of of the Bed Bath and Beyond Community the truth however was the complete opposite fellas how the [ __ ] you doing tonight it's great to see you guys thank you for joining me on the pp show man Where we love talking about all things related to Bed Bath and Beyond there's

a channel called the pp show on YouTube and it's where we learned to kind of what's the word conglomerate there's a yeah congregate yeah congregate that's the word we learn to congregate uh every weekday and talk about the stock for 3 hours yeah basically the tldr is um Ryan Cohen's part of the company it was a show named after its host PP seeds talking about the goddamn stock that we All love man so welcome to the show tonight it's great I mean I don't I don't think I know a single Bed Bath and Beyond investor

who didn't tune in every night in the wake of con sale the community was fragmented who was suing Ryan Cohen it was like random [ __ ] people there was even someone that was like out of the country who was suing him the pp show became this space to support each other and to share ideas uh chat please give a warm welcome man uh To Michael Michael how you doing man great to see you tonight great to see you I'm doing fantastic I'm Michael I am a recent medical graduate and have been involved I'm usually

a regular on the pp show I've I don't know kind of come to love like the community you know around it keep in mind I am not an expert uh nor am I a uh a professional um adviser uh soon more members of the community had the space to come forward and connect with one another I uh I'm egg Loser boy I got into play Christmas Day actually of 2022 it's been a wild [ __ ] few months that's for sure you care if I swear by the way the bed bath Community believed that Cohen

hadn't abandoned them we're constantly absorbing new facts and trying to put together the image that Ryan Cohen has in his mind they believed that he was working behind the scenes on a bigger PL that really set the tone for the bed bath Community Moving forward was the abject denial of reality they still think that he runs the company from the Shadows to prove he was still involved bed bath investors pointed to various things take Sixth Street for example four business days after Ryan Coen um sells his shares we get news about 6 Street providing a

$375 million loan he sold and literally Days Later Sixth Street came in who's a specialty financing company they they literally invest for other people Anytime I heard the word Sixth Street going forward from that point of view I was thinking Ryan Cohen then there were the teddy trademarks he also that same very morning filed a series of trademarks for a company called Teddy maybe he's buying all of these like trademarks just for the intention of like I'm going to buy the entire company and then rename it into Teddy so the theory was that Ryan Cohen

was going to acquire Bed Bath and Beyond through 6 Street and relaunch it entirely as a new company called Teddy and this would happen through a process known as a reverse merger when a private company acquires a public company and of course all of this would end up giving the Bed Bath and Beyond investors a large payout if 10% of like what I'm saying is true all of us will be wildly Rich uh it would still be disclosed if a company that Ryan Cohen is involved with lends money to a Bed Bath and Beyond uh

let's Not say it's impossible for him to have been involved uh but again it's something that that should be disclosed I think there was a lot of denial where people believed that he could still be involved and if people weren't put off from the community and and left at that point then they were probably in my position which is where they drunk the Kool-Aid and they were about to go deep into this stock bed bath investors would continue Sharing theories on Twitter and Reddit they would look at Ryan Cohen's tweets for example for hidden messages

and clues and then they started looking at children's books too Ryan Cohen where did I put that there it is Ryan Cohen decided in his free time as a rich guy I'm going to write children's books that basically teach kids about capitalism and finance and stuff whatever it's generic nonsense in my opinion they were the teddy series Launching on teddy. what do you know of the teddy books and how they feature in all of this so the theory is uh Ryan Cohen is writing Children books where he's putting clues for Apes to find uh so

they can understand what he's doing behind the scenes for bppb we were all grown men and women we're like reading these children books together on the pp show and trying to decipher what is Ryan Cohen trying to tell us you know what what is the master strategy I'll just Read the back since it's small it says Princeton and Kingston start their first business a corn stand because the story is pretty disjunct the way like if you if you read it but then when you see oh he's just trying to reference this specific um Financial thing

like they thought he was telling GameStop people to buy into Bed Bath and Beyond and you can tell that because there's socks that are the colors of different things cuz I've heard interesting remarks from People in the bed bath Community around the idea of like Ryan Cohen communicating through like books and tweets um I believe that's like true we're just levels and levels deep in the psychosis at this point I I I I I have lost I have lost my mind you would you would I like I'm listening to myself now and I'm like you

sound crazy right but I don't feel crazy because a lot of the tin foil that came from those Teddy books actually manifested later on some Of the pages were interpreted as Cohen telling the investors he knew what was going on and to reassure them their payout was coming that last one said Teddy grows trees man that's a PP seeds reference man what the [ __ ] Ryan Cohen left them holding bags and everything since then has been an Ever growing narrative to cope and try and deny that fact theories and research in the community would

be known as due diligence usually just Shortened to DD and there were many different theories I'm the one to Connected that there is a heavy congruence if you will of Orthodox Jews behind the scenes in this play for example you have Carl icon you have R whatever people's reasons many in the bed b Community had found something to keep their faith that Cohen was still involved that there could be a merger that this could pay off and enrich them all the 5,000 or so holders of Bed Bath And Beyond are going to represent a new

generation of millionaires the only sign they needed now was from the company itself they told us that there's going to be some kind of announcement on August 31st it was that August 31st um press briefing that the company promised to hold that kept me um holding my stock on August 31st bed bath announced layoffs of 20% of its Workforce with Coen sale reports of Fallen Revenue Vues and now this things Were looking bad the New York City medical examiners investigating the death of a Bed Bath and Beyond executive Chief Financial Officer gustava arnal died on

Friday after falling from his high-rise apartment just days after the troubled retail chain announced it is closing stores and laying off workers on the 2nd of September 2022 Bed Bath and Beyond's Chief Financial Officer Gustavo arnol jumped to his death from his residence in New York's Tribeca building In the midst of the company's turmoil this was a devastating Omen but somehow the community still held on they kept looking for answers one among them kis M was willing to go the extra step to get it yeah kis is a figure who kind of built himself a

platform very early on um in the Saga de Bath and Beyond the best company in the world the best company in the world and I think that uh his love for Ryan Cohen really brushed off on all of us is is is Amazing I mean every tweet is a is an encyclopedia that Bath and Beyond the CFO committed suicide and kais M was convinced that he never died he went to the apartment building where Gustaf araldo I think is his name committed suicide which is where he lived Happy Thanksgiving how are you sir dropping off

or you visiting yeah I'm dropping off okay and goes up to the dorm and like basically asked to see him Gustavo oral they don't live here Anymore really they moved uh I heard this uh they faked his death oh that I don't know anything about that I just I can't accept that they don't live here anymore is it true that they faked his death huh man you got to get off the internet bro some left the community at this point but just like before others persisted there's sort of a distillation Effect the overall level of

delusion in the community increases because the less delusional people left let you work here you work here yes you like it yeah it's good right it's going to be good huge company he's like the crazy uncle you have you know where you you have this guy who dares enough to piss on cnbc's Street go around yelling at reporters be on BBB y Three Bs and y k mes the person who who is a motivated lunatic who transpasses Impersonates people stalk CEOs from outside their windows we do have a King Kai calling us on the phone

let's put him on the pp show and let's see what's going on tonight Cass what's going on hey P how are you in November 2022 kis used information online to pose as Ryan Cohen over the phone with hospital staff in an attempt to access the due date for his pregnant wife my name is Ryan Cohan uh so the first time we were excited to see our baby on a s sonogram was on April 3rd 2022 we are a bit confused when is the approximate due date okay I can check to see when your wife would

be due what's her date of birth I think that at certain times he can he can do some hurtful things to to many of us in the community but at the end of the day you know I I can see that he's a kind man he has a vision the same vision that Ryan Cohen the same vision that we all have over the course of the next few months bed bath began closing Down stores by the start of 2023 things were looking tough Ben bath be on Shares are plummeting as the company warns of deeper

financial troubles ahead in a business op we're trying to just stay afloat right we're getting screwed every day we're we have to justify another 10% drop to our my wife specifically that Bath and Beyond is not going bankrupt it can bankrupt okay but I do not believe it's going to end up going bankrupt in my Personal opinion okay by late March the stock dropped below $1 I interviewed with him a couple times and he called me out to say morance leave it to the professionals why do you hate this company so much if you brought

me in here just to start attacking me that'd be great clearly you [ __ ] hate the company you love talking about me hand this when I was saying bad bath I was going to go bankrupt why do you constantly say it's going bankrupt you Const want going bankrupt you're at 30 cents bro but the community remained as strong as ever I was very much still still engaged with the community and if anything I actually think I was more invested at that time you can't blame me for the money you've lost just like you tell

people who invest and they lose money how would you like they blamed you PP that their bed b and Beyond investment is down people can make their own financial decisions just because we Come on the show make their own choices to work there and I was watching and contributing to the pp show every night I ended up investing like a lot of more like a lot more money because I didn't think it'd go into bankruptcy I didn't think it' dip this hard like as hard as it did after months of warnings Bed Bath and Beyond

filed for bankruptcy yesterday stores will likely all be closing on April 23rd 2023 Bed Bath and Beyond filed for bankruptcy it was Expected we all saw the the writing on the wall so when it went bankrupt I was like oh thank God I'm not the crazy one it's because we all thought bankruptcy wouldn't happen and it did it really forces you to re-evaluate you know the the preconceived notions you have we all believed that there was no way this was going bankrupt it was a bad bad outcome I just keep thinking I'm going to lose

all my money the first thing that I did Was I tuned into the pp show because that's where everyone else is tuning in what I see is everyone panicking they weren't forced into bankruptcy okay that's a very important part they voluntarily did it and again you have to this is actually where I first made my introduction where I first made myself public to the community uh chat welcome AJ uh to the uh to the show what's going on PP hey what's going on man I have 60,000 60,000 shares with an average of What uh $250

$2 that's not bad that's not bad from I was pissed I was pissed at everyone I was pissed at everything I I was pissed at the fact that I I I'm still holding the stock that I was supposed to sell within a week or two of buying and you know I was pissed that you know maybe this whole Teddy idea that we're thinking about wasn't going to happen and I decided to to hop on the show and and tell everyone my story so I'm a scientist I I work with data all the time I study

charts basically that's that's my entire life I saw people who were bullish during that period who had no problem watching their stock price fall all of a sudden have doubts about everything right you have to understand like this thing has been planned for over a year okay this is everything we are seeing is theater having doubts about Ryan Cohen having doubts about you know whether or not they want to uh hold Through the bankruptcy I don't think Ryan Cohen would come in he knows he has this loyal fan base he knows we make memes about

him this guy is not going to throw his entire reputation I was pissed because I didn't want this opportunity to escape me I recognize I'm down [ __ ] bad for me to break even this thing needs to to to what 20x 20x from where we are now I'm not worried I'm not worried shift happened during that episode because I started thinking about The consequences of a chapter 11 bankruptcy what would it entail right five days before he sells his shares he puts up a [ __ ] moon emoji that he's still dealing with in

court my perspective is that nothing that we have seen has been an actual failure it's all been theater and there it is the moment where the pendulum swings back I saw them transition from being Believers that it was not going bankrupt and it was not Diluting to hey this is all part of the plan it seems like there's no lengths people are not willing to go to to continue to confirm their false beliefs I know for a fact that we all in denial holy [ __ ] maybe some of these things that were you know

L on to be very bad for the company during bankruptcy or just bankruptcy as a whole might be like a good thing this wasn't something that we expected the level of delusion this wasn't something that we were prepare For this was something else bankruptcy wasn't the end of this community at all before this whole bankruptcy thing I had 10 shares now I have over 500 but I I remember buying thousands like almost 10 to 20 thou between 10 and 20,000 shares at 11 cents each and that I think is going to be one of the

best financial decisions I make uh regarding this play in fact it seemed to make them stronger in retrospect the chapter 11 was the Greatest thing to ever happen to this company or at least most of them when we filed for bankruptcy shortly after I became very skeptical of the play and I became very skeptical of the community and what was happening but what I'm betting on is that this is going to moon like crazy that wasn't AJ's last time on the pp show he quickly became a respected due diligence writer in the community DD writers

were like respected researchers in the community whose Insights were usually posted to Twitter to Reddit and listened to by others in the community there were a number of them all convinced that the bankruptcy was just a next step in their financial Liberation and Keen to share their ideas I have never seen this amount of distillation this quickly from any conspiratorial group outside of this there were countless spaces for them to support and reassure each other while they dissect the news I've explained you Know the the need to go into chapter 11 bankruptcy you know everything

we know here all while they await the grand plan of Ryan Cohen to finish taking them through bankruptcy and into their payoff it kind of confirmed to me just how desperate a lot of them are and it makes me very sad admitting that they were wrong is an admission that their identity and these things they've built their identity around maybe alienated others away from them for is untrue that Is devastating to someone's view of themsel my reaction was like always it was laughter and it was just like shaking my head like these people will never

learn the bankruptcy had re-energized the community they even attracted new investors my name is Shane right now I'm in between jobs um I lost my job a couple months ago and I ended up getting like really depressed and that's part of this story investors who needed this to work I got into the Subreddit the bbby subreddit community and then from there I started watching the PBC show we're going to be [ __ ] Rich fellas all right this is a real possibility here I guess I started to I started to believe a lot of the

stuff that was being said right Ryan Cohen is involved in this and to be honest with you I can't really see it any other way from this uh point forward so I didn't think it would be in his character not to say like hey guys like there's all This Hye building around but I'm not involved anymore and that was like the main thing that started that that kept me like believing that there was going to be an opportunity here have you ever faced any harassment from members of the bed bath Community or other adjacent communities

have they ATT me yes have they gone to my work yes they went to my job they saw me at in my work one guy threatened to fight me at work another guy videotaped me and Recorded me sweeping the floors and said I'm the janitor I don't care if I am the janitor if I were the janitor it wouldn't matter morans had a particularly strong dislike Towards the bed bath Community not just because he felt like they were misguided they made an account of my wife her name her picture and they put on there come

visit me at my house they put on my home address and said I'm home alone come visit me they took pictures of my kids And their school names and told them to come pick up my kids at school um they so they they didn't open an attack on my whole family sure I think a lot of the main figureheads in GameStop are like plants but I think morance is genuinely just a scam artist piece of [ __ ] pee was like one of the first people to ever get doxed like morance was doxing that guy

before morance ever was doxed um he was you know posting pictures of peee working at GameStop at this location Being like yeah he used to work here I don't support doxing in any nature but they did start it I got emailed all the ppc's information his home address his name his his business pictures why his wife's uh Facebook everything I got everything and um I told everybody I'm not I'm not going to touch it I'm not going to make a video I'm not going to address it nothing and I didn't so they waited about 2

weeks the individuals who sent me the info and uh then they Started posting it on redit and Twitter and they started blasting everywhere among many of the people I spoke to both in and outside of these communities a fear around being doxed and harassed was a Common Thread many would only speak to me anonymously and many others refused outright the reason why I did the interview mask is because I work for a customer facing publicly traded company and I believe the a would send endless emails and phone calls to the company Because I said a

bad thing about them then as I was continu continuing to investigate the bed bath Community big news began to break the company had released what's known as an 8K form to notify investors of some big news on the effective date of the plan all of these shares will be cancelled released and extinguished and will be of no further force or effect pursuant to the plan the plan to extinguish with the was perfectly clear Just like in any other company the effective date was recorded as September 30th 2023 16 days from the release of the 8K

again I'm looking at this and I'm thinking is that it is it over when I saw that I I knew on some level that they were going to find a way to justify it away just wondering maybe our shares do get wiped out but they get replaced with an equivalent Teddy shares what exactly was the reaction what what Reaction did you have and what reaction did the community have around that specifically but the fact they're being extinguished the only reason you extinguish them is because you're getting new shares instead they can't have both shares at

the same time which is a complete [ __ ] and it doesn't make any sense so say you get Teddy shares or whatever it is it just it became more bullish because it felt like finally something's happening right they Saw this as just the next stage in the emergence of Teddy or whatever Amazon Super competitor Ryan Cohen had planned in my mind like I said I'm 99.99% sure that like I'm going to make a good amount of money off of this whether it's like 3 million or less or 20 million or more I don't know

he said the plan will become effective on or about September 30th so we're getting Teddy shares and right on all right I got to love my everything that had Happened up until now with Bed Bath and Beyond Cohen's exit the bankruptcy and this once more it was all part of the plan and it's bewildering and interesting it's like watching a train wreck you can't look away it's a beautiful disaster maybe we're all going [ __ ] nuts or maybe not we're either going to be in a [ __ ] looney bin all together a big

one one big [ __ ] happy family or we're going to be stanking rich man it's one of the two right it Felt like I was watching people spiraling towards disaster despite their confidence but there was just one huge question on my mind who really stands to gain from all of this within the Bed Bath and Beyond Community do you think that there is anyone who is taking advantage of them yeah absolutely BEP seeds PP seeds I got to say PE PE without a doubt the two names that came up the most often Were PP

seeds and a man I'd never heard of before named bill py bill py bill py bill py fellas how the [ __ ] you doing man it's great to see you guys uh uh fellas I I think PP seeds is honestly one of the worst human beings um I've ever heard of some days I think he knows what he's doing others I don't to the Meltdown is he was actively platforming and pushing ideas about Bed Bath and Beyond that gave the community hope Whilst also taking donations from that very Community pray on green uh with

the One PP show gifted membership right on there I appreciate your support uh we also got DJ with two [ __ ] pee show gifted memberships right on I was also told that PP seeds has had a history one that he'd wiped off the internet PP was previously invested in things like safe Moon safe moon is facing both civil and criminal allegations I think he was also involved in that Tera Luna thing the Sudden collapse of Tera sent shock waves through the crypto industry so he makes really good choices with his Investments but he deletes

when he's wrong so you can't go back and look at those streams anymore he deleted all that history and he bans anyone who talks about it I think certainly there's a financial aspect for the likes of ppcs with his stream being monetized now and being able to take donations during the time that I was researching him he also Started deleting bed bath related content for no particular reason including his old live streams when asked about it he said he was storing them on a decentralized platform which doesn't explain why they needed to be deleted from

YouTube as well what happens to like the community or people like ppcs or the pp show if for example this does go to zero I I think that like that's not something that'll be pretty if that happens the only way to know for Sure was to ask him directly and I tried but he wasn't interested he was like yeah we want to interview you know pee show and everything and and have you guys on but uh again I don't know who this guy is I don't know what his intentions are either way I continued watching

his show it was a good resource for hearing about the community's thoughts that was when I started hearing about an upcoming live stream of the pp show that would supposedly be very Important it would be happening in person and more specifically it would be happening in the offices of a man who went by the name Bill py there it was again that name Bill py for you at what point I guess did you start to feel like maybe this wasn't the right play or if if that was even the case it wasn't until I watched

that episode um I call it the ice cream episode that they did with bu py that was pretty disturbing to Me thousands of viewers tuned in to watch the live stream which for a relatively Niche Community was pretty impressive evidently this pte figure was important to them super chats real quick we got a $100 from OG Trill everybody donate everybody donate to PP I don't touch a dollar of it so who was this guy it was just a beautiful disaster and you could tell that P was like annoyed half the time and Confused [ __

] peee can't get the [ __ ] video and audio to Work they had like a person in a bear suit dancing around in the background I had to pause the video and say like what the [ __ ] is this like this is absolutely crazy like this this is kind of [ __ ] I keep coming back to the same question why are we here you want me to make something up I already gave you an answer uh why not well I keep asking myself why am I here people are extremely happy to the

point where they're crying like Michael was crying In Bill P's office as Bill ate ice cream and so I've kind of looked around to see where are the builders and um you know two kind of stand out and um one is you and one is Ryan Cohen and and the third one is peee which is just a completely surreal thing to watch as someone who knows these people for months just donate a lot of money to him right now and um and anybody who donates $500 I'll guarantee that you can meet me he was pushing

for Donations from the viewers when are we going to do another show with uh bill I mean what are you thinking I mean uh well did we get any more hits on the 500 first four 10 donations of $500 then 20 then let's go to 50 50 yeah holy [ __ ] but the money wasn't going to him it was going to PP seeds and all the $500 every $500 will go to this man cuz he works his ass off more people you can meet me if you pay $500 we'll also pick people who just

donate I didn't understand Investors some of whom had already put their life savings into Bed Bath and Beyond were paying $500 for the chance to meet this guy so if you donate $500 in the next 10 minutes you can for sure be eligible but we'll cut it off after that I personally have spoke to people where they donated $500 to meet Bill and PP and that was quite a big proportion of their net worth well we like to call ourselves degenerate I'm I'm the biggest degenerate You' ever Met at the urging of Bill P viewers

of the show donated over $25,000 that night to PP seeds so I wanted to find out more p is an internet celebrity he had millions of followers on X forly known as Twitter mostly As a result of regularly giving away money $100 here $1,000 there just as long as they've liked or replied to one of his posts but when it comes to the bed bath Community his involvement began here when he responded to a Coen tweet Mocking consultancy firms and surprisingly enough Cohen replied back the community has trained itself to believe that little tiny things

like that are secret Communications and his Twitter interactions with Cohen became more regular he would tweet Ryan Ryan would tweet to him so when the bed bath Community found him he was elevated to new heights and from the perspec perspective of the community everything that Ryan Cohen does online has a Meaning so what is Ryan trying to tell us about Bill pte should we be paying attention to Bill P and it eventually developed to the point where bill pte says what Ryan Cohen can't then people started tweeting at pte and P noticed and then agreed

to come on the pp show all right chat please give a warm welcome to py man in his first appearance he said that he wasn't invested in bbby and you're not under any kind of NDA or anything like that Not that I know all right right on people believe that Bill P was like the mouthpiece he was the inside man what are your thoughts on Teddy and what do you think RC is trying to do with it it's an excellent question he's up to something there's something that caused him to behave the way that he's

behaved with the situation and um you know they they're not going to put that in an SEC filing why would he come into Bed Bath and Beyond you know For a short period of time buy a stake in it and then immediately proceed to sell well I think that he probably is very interested in the situation obviously because he took a position and I think he's still interested based on just that's just my own opinion sure but I still didn't understand why pte would even care about this right like he wasn't invested in this company

why engage with the community I think bill py has a hidden agenda behind his Actions meltdowner point Ed out a pattern I know I have a lot of people who follow me who are uh shareholders of uh py group in 2016 you know I had to turn around my family's company in my family situation group's a great company I was on the board of this company the P usually imp post or tweets or live streams referenced corruption in his grandfather's company P Holmes and how they're colluding in my opinion together is a disgrace it's a

disgrace to my Family name it's a disgrace to everything my grandfather worked hard for so you start digging a little bit more into it you realize that after his grandfather passed away Bill P was unanimously kicked off the board of directors of P Holmes in the years since he has waged a public war on the company's leadership on Twitter he's accused their current CEO of everything from fraud to bullying to sexism he sued the company's former coo Brandon Jones For defamation successfully the bed bath Community felt Allied to p and perhaps more importantly that he

had inside information related to what's really going on behind the scenes because of his interactions with Ryan Cohen uh I bet Ryan Cohen's watching this right now I don't I'm sure he is man I'm sure he is he sees a community who is obsessed with Ryan Cohen so he's worked his way into that Community I just like the stock I like Ryan Cohen I like helping People when P invited the pp Show crowd to stream from his office the excitement was palpable people speculated that Bill P would have an announcement for the stream and he

responded by using the Emoji with two eyes that made everyone believe that something was coming by this point it had already been announced that the shares would be extinguished the community were eager for good news but on the day things were different I'm like damn this like a [ __ ] bust like We were expecting like like a show to talk about like bed bath and Bill didn't even like talk about it in the time since that live stream P became a fixed of the community and P homes had become a secondary Target of their

attention the bed Bon Community has has started to now pump out the py home buying in particular kis had become a very vocal supporter even revealing plans to go to P group headquarters to protest the appointment of CEO Ryan Marshall Following the live stream p and PP seeds decided to work with kais to sell even more tickets at $500 a piece for a meet and greet with them meltdowner estimated that PP seeds took more than $100,000 the immediate reaction was mixed while many bought tickets others in a time of stress felt let down when the

pp show with Bill had aired I went into a real dark place for a few days I didn't want to hold Bed Bath and Beyond but I felt like I had no other choice I Started to just see that like these people are very um like disingenuous on the Friday the 29th the stock was um extinguished and that meant that the bankruptcy had run its course and we were left with nothing do you have any an idea of like what that actually means for people that hold shares in that company they're gone they no longer

exist people started having their shares disappear what was your reaction to Seeing that it was a g punch even though there were explanations for why this should have been okay I noticed that some still took it hard I didn't believe that the shares would leave our account and at that moment I felt depressed I felt really low but it was okay right like this is all this is all part of the plan you have to understand that despite the fact that they canceled our shares we we never really felt like that oh wo is me

this is over kind of moment and It's still depressing and fascinating to watch them it's it's so strange but not everyone held on it was um I didn't think that that would happen um there was kind of like a level of grief that was associated with it and then with grief comes like you know the anger um anger at myself of how could I like even believe this um it's like a depression it felt like things had reached a fever pitch the Meltdown Community the GameStop Community all of them were looking at Bed Bath and

wondering when will this finally end they believe that it's part of the plan people believe that the wiping out of the value of our stocks and the removal of us as retail investors is actually part of the plan for some investors like Hodgins this was the final straw for my mental health I felt like I had to hold through to completion I felt like I had to hit rock bottom to be able to process this and Get out of my system and move on from mem stocks I I just feel like we're getting to a

point where there could be suicides associated with this with the shares now extinguished there was one final event that I was keeping my eyes out [Music] for that show was a quote unquote cluster [ __ ] it was a visual representation of the community that they have they got off the helicopter With like armed security wearing bulletproof vests fellas how the [ __ ] you doing tonight gme uh meltdown [ __ ] man must be melting down I mean shills are an absolute [ __ ] shambles man look at the [ __ ] turn out

man the cringe the embarrassment the delusion was beyond anything I could have imagined you guys are amazing people and uh it's just I feel so honored to be part of this community to be to interact with you Guys as we build something that's never never happened before okay they didn't even have the audience miked up so it's actually kind of funny how awkward some of the bits are where there's pausing for Applause that you can't hear you guys think Ryan Cohen's watching tonight yeah oh yeah everybody look back at the camera and say hi to

Ryan Cohen let's go hey Ryan let's get a Ryan R ran Ryan it was people screaming that they know the truth uh screaming Ryan Cohen's name Hundreds of times I couldn't help but Wonder what Ryan Cohen would be thinking if he really did know about this community and just how much of it centered around him I would like to give a toast to the most [ __ ] greatest Community ever for alone we are weak but together we can change the world like literally like fellas Bill py [ __ ] supports the bed bath Community

more than anyone and Ryan Cohen's interacting with the guy more than anyone put two And two together man again it feels like an Avenue for p to put on an event where he feels important where he is talking to people and people listen we're going to look back in 10 Years everybody in this room is going to look back and can't believe that they were here 10 years ago mark my words mark my words then something interesting happened guys I have an announcement I have an announcement we are in in a family that I see

it's very Very good family it's a great family it's the py family ice begins talking about pte or more specifically how many of you own phm pte Group stock P's grandfather's company P homes see meltdowner and critics already suspected that P homes would be brought up at this event but I didn't think it would be coming from kais I'm going to buy from my own money for every single one who came here one share of multigroup phm K got Up on stage and was like I have my own money here and I will give you

all $100 to invest in P home group but there is one condition you buy the share and not you're not supposed to sell it we want you to keep the share so you're going to be a shareholder for a long time I don't know the legality of that but that was out there but I will fight for the py group for the family for that company that was aside from the handout of P homes shares there didn't seem to be any More notable announcements in fact it seemed like P was encouraging the group to take

legal action in order to sort out their situation I think you know legal is the only way to go at this point time has run out you guys need to get going on this legally which was a stark difference to the community's attitude prior to this event where everything was was going according to plan that a merger was on the way the event was filled with all the platitudes And encouragements to continue their cause there's one thing that holds us strong and that is unwavering conviction but at this point it felt hard to see what

that cause even was anymore and then it was over there you [ __ ] have it man the pp show thank you to everybody who came out here man show your support and we love you here at the pp show so thank you fellas in the months following the bankruptcy Bed Bath and Beyond's IP and assets were divided up and sold to different buyers the company's shares no longer exist and have been removed from most investors trading accounts but the community still persists our Shares are extinguished and we don't have a timeline as to what

when we can expect any kind of resolution or or indication as to what outcome to you know we're getting what is the harm if any in people choosing to invest in Bed Bath and Beyond or joining these Communities isn't it just their choice to do what they want with their money of course it's their choice so I think the potential harm here lies not only in them financially harming themselves and by doing so harming people around them spouses children it had a huge impact on our relationship it's not just being upset about or having theories

about what's happening in the world it's actually putting your money behind that theory And then effectively in the case of Bed Bath and Beyond losing it all we already saw a couple of posts of people getting divorced their wife leaving them he was going deeper into credit card debt when some people start drowning they'll reach out to people around them and pull them down with them he said this is the time you should think about investing in this if it goes down and you invest I will make you whole my credit cards so I've been

rotating them out I'm I'm down to My last one so this [ __ ] has got to happen this month dude and it was really unsettling I thought this is this is not normal behavior why is he now trying to get me to put my money in isn't so much of his money enough people are losing their lives because of this [ __ ] I remember stumbling across a user who called themselves Ryan colon who tweeted about not being able to afford to care for his newborn child and family he set up a fundraiser that

was shared Throughout the community to help him get by it was shared and even promoted on the pp show in an episode that has since been deleted I did however manage to find an earlier video before the birth of his child where Ryan colon appeared on the show himself if it hasn't been this show I probably would have just gave up on the stock long ago to be honest so you've definitely kept me convicted I I annoy my uh partner constantly with it and but I got her Invested but holding to Triple digits at least

this kind of thing is so common that another user who calls themselves famous variety has even started a regular emergency fund to support some of the community who have fallen on Hard Times the expenses include groceries power and emergency blankets kis M posted a fundraiser for his son's college tuition saying that if he wasn't able to gather $943 by September the 5th 2023 he Wouldn't be able to attend as of today the fundraiser total stands at $543 they're not only hurting themselves they're hurting the people around them that they supposed ly care about to be

brutally honest with you they're not fully wrong it put a lot of uh strain on my marriage not in a not in a Nega super negative way just it sucks you know telling your partner about your investment and how it's going my parents know they've they've bought like 500 Shares um which is like not much and uh they think I'm my mom thinks I'm crazy she just wants to Triple her money and leave and I'm like you're going to 100 extra money you know I I invested my life savings in this because I got excited

because I saw how other people were excited but it's not because I was like hey he invested I'm going to invest too I'm I've leaned on my credit card a little heavier but uh you know I have a I have a really good job the people I Spoke to despite everything were kind with their time and generous to me and as I got to know them better I became genuinely concerned about their investment my wife would [ __ ] kill me if she knew I wasn't like working you know cuz like I pretend basically to

work when I'm really just like I I do a few appointments here and there and then I kind of just like jump on Space calls and talk and like do research and all that [ __ ] I'd say I put probably $2,500 Which is not that much right but like for someone like me it's not something I could really lose at the time of this recording more than two years have passed since Ryan Cohen initially bought his steak in Bed Bath and Beyond genuinely I felt bad for them at the beginning but after a twoyear

Mark threee Mark you can feel bad but this story only truly began in 2021 with the GameStop Mania where some believed it was an opportunity to get Rich and take down Wall Street corruption that they were bringing down the people who had rigged the game but I started to wonder had that ever been true the way to change things is going out on the streets and protesting or from inside of the institution in question but the only inside of the institution that they're going to see is a mental one boom head shot after so many

setbacks they still hadn't given up it's hard to Give up when you're when you're in so deep I'm not the kind of person who accepts a loss by the time you post this it's going to be like oh um here's an interview of Michael before he was a millionaire and after he's a millionaire I genuinely think that I could make 50 to 60 million I'd be [ __ ] livid if I only got paid 3 million at the end of this which is absurd to say even today when I when I don't have my my

shares in my portfolio you I don't feel defeated In fact I feel on the verge of Victory but I couldn't help but think about those who could be hurt from this or those who had already being her I started putting more money into it and more money into it as I as I kept watching the PPC show did you sell your [ __ ] car and buy those shares yet man let's hear it the [ __ ] car is done man holy [ __ ] all right maybe somewhere in this was a lesson to learn

from I don't think GameStop will ever be like Bed Bath And beond I think bed beath and beond ran its course or maybe not after all the time I've watched this you'd think I'd have a really good answer for you to say what's going to happen next and I wish I did I don't you see me and you go this guy's crazy you know this guy's a lunatic he's he really thinks that his shares are coming back to his to his you know his his uh Fidelity account but I do I can't help it I

I I think that we're on the verge of Something great when people watch documentaries like this or hear people talk about conspiracy theories often there's a part of their brain that goes I would never fall for that everyone of any background any educational level intelligence level you are susceptible to this so if anyone learns any lesson from this I want it to be never assume it can't be you and as I watch these people spending months or even years of their lives looking for a sign I came Back to that question does he know what

he started what about your views on on Ryan Cohen I think that he pumped and dumped bed bath and beond and if he did does he owe it to them to say something definite one way or the other I mean we just believe in Ryan Cohen there's evidence that he's going to come save us of the thousands of people who have put their life savings into a religion for which he has unknowingly become the Messiah I think it was a shitty move to Not at least tell investors like hey I have nothing to do with

this anymore most of the people I spoke to were genuinely hopeful that this could be their chance to be part of something greater that would change their lives even the world for the better I'm genuinely of the belief that like I will be retired in the next like two months Monday could be the day mergers believe 64% of the time happen on a Monday so just statistically I'm like that's That's my mentality I've got to got feeling it's happening in the next 12 minutes if it's not happened already let me do one more check on

Reddit and Twitter see if I'm missing anything today um that's weird but uh yeah I don't know I'm gonna I'll probably let you go if anything happens today I might just be able to jump on a call tonight I think it'll be less than two months from now Um I might sweat a little bit financially if it doesn't happen like mid-February but I've made everything work so like I'll just go back to work boohoo I know that it's before may I know that it's like on or before April 31st because or April 30th whatever the

last day of April is um they're I yeah I know that it's before that date that's all I'll say um if it's not then I will end it All no I uh I'm kidding Jesus I hope not Jesus I'm [ __ ] with you sorry [Music]