There is compelling evidence to suggest Bed Bath & Beyond was targeted by nefarious short sellers. This first lead to a collapse in the stock price, followed by a full infiltration, and ultimately culminated with bankruptcy after some horrific moves by C-Suite and some questionable trades by investors.
In 2019, there is evidence that suggests strongly that Legion Partners, in conjunction with others, waged a proxy war in bad-faith with the aim of replacing nearly the entire board with their own, ousting the then CEO, and eventually installing Mark Tritton at the helm. After Tritton’s appointment, there is ample evidence that suggests Legion Partners & others specifically manipulated the security using inside information based around trade data.
There are tokenized shares that should not exist that seem to have been used as locates furthering the scope of the fraud.
Company executives from the inside repeatedly made decisions that pilfered the company’s coffers as predatory financial institutions like Legion, JP Morgan, and others manipulated via various means including predatory short selling.
Not only did they seemingly purposely erode what was a strong cash position, they also sold off an inordinate amount of their assets, some at a significant loss in order to facilitate further stock buybacks to pump the CEO, board, and institutions positions & compensation packages before shorting into bankruptcy.
It's highly recommended that you read the full proxy battle background before you get started.
Why does the BBBYcx token exist?
Why did Mark Tritton buy back BBBY shares at multiples of the market price?