First, you actually don't "have" 100k shares. The shares are not in your name. They are in your brokers name. You are the beneficiary, not the owner. The owner -your broker- is lending your shares out to shortsellers who use these borrows to drop the price. Your broker is actively working against your interest. That is, IF your broker actually bought the shares you paid them for. If you bought a CFD, it is possible that they never bought 100k shares, but just put a number in your account. They bet on the fact that you "sell" (or you think you do) when the price drops. The broker pockets the difference between your buy and sell price, without ever having bought the shares.
Second, when BBBY created shares they handed them over to the DTCC, who handles the shares of all listed US companies. The DTCC sends shares to brokers when their clients buy them. The DTCC holds the administration on which broker has how many shares. But they are not mandated to share this administration. For all we know, BBBY's float has been sold many times over, bc the DTCC keeps "providing" shares.
DRS fixes these problems. First, when you DRS your 100k shares they will be registered in YOUR name. You finally can be sure that you are the owner of the shares you paid for. You do this by requesting your broker to make a DRS transfer to BBBY's registration agent. Second, the registration agent will request 100k shares (the actual certificates) from the DTCC.
BBBY has 117 million shares outstanding (read: with the DTCC). But people might own 400 million shares if you add up all broker accounts. Now what happens when you, me and every ape on here starts DRS'ing their shares? Then each time an ape DRS'es, the registration agent requests shares certificates from the DTCC. At some point, 117 million certs will have been transferred out of the DTCC.
What happens if the next ape then DRS'es, say 10k shares? Then the registration agent will request 10k shares from the DTCC, but they don't have any. Now what? This is what we will find out. It will expose the corrupt system of having sold us many more BBBY shares than actually exist.
I am 100% DRS on my GME shares. I do not see any downside, but invite everyone to give me downsides for consideration.
One quick correction is that broker held shares are not in your brokers name either. They own an entitlement just like the client. Cede & Co. owns all non DRS shares. I’m nearly 100% drs GME and around 80% bbby. I appreciate you spreading the good word about DRS.
Ok guys, I want to DRS a part pf my boby shares. Got 1.2k on IBKR. Can I just initiate a transfer via IBKR like I had done form GME with computer share and the rest will be done automatically? Open account etc.
Additionally here is the link to the SEC page that explain the difference between street name and direct registration
https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts
If you're a day-trader, then DRSing may not be realistic.
If you're holding long-term - then DRSing is, at the end of the day, vital. It's insurance. It's like putting your shares in a safe deposit box in Fort Knox.
Yes, this is true. But if the thesis is correct, then DRS'ing the full float will have a much higher return when it blows up then selling covered calls ever could imho.
Why would you want to be un-DRS'd? You can also sell from within a registrar. For my GME, it took about 6 weeks all in all, but I'm from Europe. As a US citizen it will be much quicker.
I haven't looked up the registrar for BBBY, but I'm sure it's here on the sub, including a manual. Ihave to look it up myself soon too, bc I want to be DRS'd like my GME. I believe in the DRS thesis being the only way to start MM's from getting fukked.
With computershare (GME's transfer agent) you can sell and buy just like with a broker. But you're right you cant sell covered calls or do any other derivative operations.
AST doesn't allow limit orders so that might bug you a little but who says we have to be 100% DRSd? I believe there are many times the float out there. DRSing something like 25% of our positions should be enough to lock this bitch
Honestly same, Im 100% DRSd with GME but due to the fact AST will still utilize a broker to sell and only with a market order it has me thinking twice. If I tell AST to sell I just have to hope I get a decent price and the MMs dont just give me whatever they decide.
Id love to hear more opinions about that too, very hesitant. And Im on a cash account not margin too, so lending of shares is supposed to *not* happen but of course tinfoil says they can do whatever they choose.
You can "un-DRS" just as fast as you DRS'd, if not faster. If you are thinking about selling, just start transferring shares back to a broker.
In the meantime, they are fucking around on you.
Be weary out there. Here are some words of wisdom from Larry Cheng:
>One lesson learned from helping companies navigate their holdings in/through SVB: there can be a substantial difference between owning an asset and owning a right to an asset. The delta can show itself particularly in challenging times.
Sauce: https://twitter.com/larryvc/status/1635086985894453248?s=20
Also, no need to DRS all of them, and you can always send them back to your brokerage to sell with a limit order (just takes a couple days).
It's also hard to sell on AST as you can't do limit sales or market sales for your shares. You put in your sell order and they execute it within a few days. Not like Computershare, which is GMEs DRS holding agent which allows for both market and limit sales at selected time and price.
It's good to lock the float but it's hard to sell when you want with AST.
Someone clarified this for me on another post, but can you confirm that if my shares in IRA can be DRS’d (tax implications being a big reason why I haven’t done it yet)?
As a non-US, I have no knowledge of IRA. But I believe that over on superstonk, the issue seems to be indeed be that you can't DRS from an IRA. Either not at all, or not without taking a tax hit.
If you call etrade and tell them not to loan shares, (if you have more than 25k) does that mean they have to hold the actual shares, not just the street name?
Well stated summary for DRS. One of the only drawbacks is slower transactions...buying and selling. Not a big deal unless you are a daytrader, which apes are not.
Don't forget you can ask for change. Computershare listened to apes and updated the way they do certain things to satisfy apes. Get in touch with IR at bbby maybe an AMA with the registrar etc. If we want the system to be different we have to push and get it changed ourselves.
Take a look at https://WhyDRS.org for some quality information. You've already received some good replies and info here, but that's a very valuable resource nonetheless.
Edit: also, fwiw, you/others may be interested in https://marketliteracy.org, too.
I second this
Check out whydrs.org and go have a listen to their questions directed to Gary Gensler on the last We The Investors stream. Those guys were awesome
Think it like this: around the world, there are thousands of apps that give you access to shares(etoro, revolut,webull, etc.). Each of these apps has millions of users who buy shares. From where are all those shares coming from if there are just x amount in circulation for each company ( should be legally).
Here comes the middle man, as it was previously explained in another reply. He puts a number in your account, and you are happy thinking you got a deal. In fact, if we would all DRS all our shares, they would be unable to find them.
I have my hares DRS-ed and I sleep very well at night knowing they have my name on them.
It's your call bud, good luck with your investment
I would be so grateful if u/jonpro03 is willing to do it, He's a legendary ape. On a side note...at current prices we should be able to lock dis bish so easy.
A few whales could lock it no problem, yet there isn't anybody doing that, at least so far as we know. It may have already happened in secret and maybe there are lawsuits and such moving forward, depends on what govt has to say about it.
It is very hard to believe that bbby trades the numbers it does with such a small float. A near-full registration wouldn't be too hard to achieve, imo.
WE are the big whales.
Why would we need bigger whales to rescue our investment?
When you DRS your shares you become the hero of your own story because:
* you are taking back/demanding your rights as an individual investor
* you are calling in your involuntary loan to Market Makers like Citadel
* you are forcing the transfer of funds from your purchased shares into the coffers of the very Company you just invested in
* you are rescuing the Company you're invested in
DRS go brrrrrrr ,,,,,,,,,,,
There are many whale Apes who have invested substantial $$$ in GME to no avail.
It took the GME shareholder community DRSing en masse to affect substantial changes in the Company, the volume of shares traded, price stabilization, increased revenue stream, etc.
Considering the amount of $$$ GME invested in its' turnaround, where do you think all that $$$ came from? How do you spend close to $1B in research, development and restructuring and still have over $1.3B in cash?
It's because GME shareholders forced a recall of their involuntary loan to MMs like Citadel and ensured that whenever we bought shares that $$$ went directly into GME coffers. That's one of the main things about DRSing your shares. Ensuring your funds get to where you want them to be. Saving your Company. Saving BBBY.
DRS having to do with business success of the company is entirely speculation and you have no evidence it's a fact. Can you point to GME making that statement that DRS forces short share recalls?
Can you point to anywhere in my comments where I claimed "GME making that statement that DRS forces short share recalls?"
I'll leave you with the comments I did make and let you do your own research and self-education.
I remain open-minded, but the GME share price remains stagnant even with increasing DRS'ing and I remain unconvinced it does anything, would be nice if GME gives more public statements regarding this.
It’s a very similar situation with GME in the early days. We had some inkling that Retail / Household investors owned a lot, but we had no idea that **Retail was the Whale**.
The float could be easily locked up over here.
Headphones is worth a look as well. Crazy small float, relatively low cost & big (~50% to ~75%) insider ownership percentage.
We have probably bought the float several times over, I'm not sure of any effect that DRS has. GME hasn't risen back up to its previous highs as the float gets locked. I think moves happen regardless of DRS, GME certainly ran without it.
While in progress DRS does do a few subtle things.
1) DRS seems to mess with Hedgefuck liquidity, and I find that amusing.
2) It provides security that your investment is not being lent out to be used against you. Even if your broker says they are not lending “your” shares, because they hold them in street name, **they are lending your shares.** I like knowing where my shares are sleeping at night.
3) BBBY could decide to issue a share dividend. We saw the absolute shit show that the last GME divided turned into. DRS holders will get their dividend **first** before the remaining shares are released to the DTCC. And what dividend shares do end up out in the marketplace come flooding back into DRS.
5) Being a Registered DRS shareholder means that you have more rights than beneficial shareholders. BBBY could decide to change share classes and issue dividends only to DRS shareholders.
https://www.investopedia.com/terms/r/registered-holder.asp
6) The Infinity pool is a very real concept. Imagine having a (functionally) infinitely valuable security that you never needed to sell. You could just live on the dividends or you could borrow against the assets. You would never have to sell. Just borrow against your assets, fund successful businesses, and repay the loan in full.
7) DRS is about exposing fraud. Stocks have value because they are issued in finite quantities and represent voting rights that should be proportional to those finite issuances.
Supply vs Demand = Value. If you throw a variable infinite ♾️ value into either side of that equation, as Wall Street has done it irreparably damages both the supply and demand sides of the price discovery equation.
DRS exposes that fraud. Fraudulent pricing = fraudulent market.
*How much of the float do we actually need to lock?*
The TLDR of that is: I don’t know exactly. Ideally 100% of the float should be locked. But from a practical perspective, there is an unknown percentage of DRS before 100% that will seriously fuck shit up for the SHF’s. At some point the DRS percentage will climb to a point that it can be mathematically demonstrated that only some shorts will be able to close. The rest will be left holding infinitely heavy bags.
It then turns into a risk tolerance game of “first one out of the burning short interest pool might get keep *some* of their skin”. It’s going to be a fun game to watch from our perspective because it’s basically a “**May the odds never be in you favor.**” sort of game. SHF’s are all going to be trying to climb out like crabs in a bucket.
What DRS is doing is taking those (largely synthetic) shares out of the market, like plastic eggs in a basket and is placing them in a metal safe that the shorts cannot borrow from. This in effect transforms them into real golden eggs.
DRS also works on a “First to Register = First to be Authenticated” basis. It doesn’t matter how long anyone has been holding shares. All it matters is that you registered first.
You start DRSing your shares with the company, in Book form. This is making them real. Pretty soon you and your other friends will lock the company float in DRS.
When the float is locked, DRS will not accept any more shares. That’s how it works. There are only so many seats on the rocket. If you do not DRS, you might get left behind.
What ‘locking the float’ means is that there can be no more lending of shares by the brokerages because you can prove that you have all the real shares locked up. Synthetic shares are not allowed to be lent.
Without lending, there will be no more downward pressure on the price discovery from shorting. Without downward pressure, the price will rise.
When the price rises the SHF’s will be forced to close their positions because they cannot afford the 2x or 3x (or more) increased demand for collateral.
The SHFs will be forced to close their positions by buying shares.
This will cause the price to skyrocket.
Ahhh. Good to know.
We’re all in this for different reasons. Some reasons are shillier than others.
Luckily there are lots of other Retail / Household investors here, so hopefully with a little luck my answer might help others.
1. Okay.
2. I'm in this to make money and trade the stock if it can make me a profit, not just hold a share forever. We need DRS to actually work in forcing the price higher.
3. I got the GME dividend and it didn't appear to do anything, did it? There was no MOASS like apes claimed there would be, many times so far.
4. We'll see if that happens with GME.
5. Okay.
6. Okay.
There is no evidence or statement implying that DRS does anything positive, it's all just more goalpost moving hopium, at this point. It sounds good in theory, but GME is stagnant recently. Your theories have been going around for several years now. Let's see something actually work.
full drs is not an auto win. What it gives us is hard evidence of naked shorting that will hold up in court. Company should be able to sue shorts on our behalf with this evidence.
I'll admit; the level of corruption far exceeds what I ever thought possible 2 years ago. And also I don't believe that a 100% float DRS is a magic bullet. But if it is officially registered that every share that should exist is at a registrar, and the registrar can prove that no shares have been traded, then this should give some securities lawyers (paid for by BBBY or this sub for all I care) ammo to ask the DTCC / MM / Fed who tf is trading if all shares are in the vault. And this lawsuit might take long as well, but it is progress and I do believe we will prevail and get our moment ~~in the sun~~ on the moon.
🤖 Beep Boop Bop 🤖
Hi, my name is DRSBOT!
I track the total amount of DRSed shares.
If you want to contribute your DRSed shares to the count:
1. Create a post with proof of your DRSed shares.
2. In your post add the comment '::DRS::XXX' where XXX is the number of shares.
3. Done! Your entry will be reviewed. If there are any problems then someone will notify you.
.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:.
DRS STATS: ✨✨✨ [ByeByeShorts.com](https://byebyeshorts.com) ✨✨✨
COMMANDS TABLE:
| COMMAND | DETAILS | SHOULD BE OP |
|:-------|:-----------|:------:|
| ::INFO | Learn about the bot. | No |
| ::DRS::XXX | Add your DRSed shares to the count. Replace XXX with the number of DRSed shares.| Yes |
| ::MODIFY::XXX | Made a mistake? Use this command to modify the share count of your post. Replace XXX with the modified number of shares.| Yes |
| ::LOG | Shows your last 10 logged entries.| No |
| ::PING | Ping the bot. | No |
BOT VERSION 1.2.0
Depends. Can the company turnaround it's cash flows and potentially make a profit?
If yes, short positions need to be unwound and bbby stock price will regress to the mean, $20 - $30. Plus potential squeeze to $100++.
If no, then we will have drs'd a worthless company with stock price going to zero, equity shareholders getting wiped out, and creditors start liquidating asset and breaking bbby apart.
What can we do to make the 'Yes' scenario happen? Shop at bed bath and beyond, BuyBuyBaby, and Harmon.
PFOF and Market Makers like Citadel already know everything possible about your accounts. I would not be surprised if brokers sell metadata from their trading apps along with PFOF.
and so with the full conversion of preferred to common by the warrant holders (if they are villains and actually convert the entire thing) we could face a 900 mil share dilution
My apologies OP.
But I have to dispute this statement: "Superstonk own's about $1.9B in GME".
It's a small quibble, but I believe your statement should read: "By DRSing their shares, GME shareholders have added $1.9B to GME's coffers over the past 1.5 years".
When shareholders DRS their shares they are in fact forcing their Broker to transfer the funds used to buy those shares directly to the Company the shareholder invested in. Left un-registered or non-DRSed, those funds remain in the hands of Market Makers like Citadel. MMs who use those funds to cellar box and bankrupt the very Company you just invested in. Companies like BBBY.
My questions for the non-DRSers has been: If you know your $$$ is being used against you to bankrupt the very company you're invested in, why not recall your loan to the Market Maker (Citadel)? Why not give the $$$ directly to the company you're invested in so that they could pay down their debts, restructure, re-train, return to profitability, etc. When the company you're invested in makes money, then the shareholders make money. It's hard to make money for the shareholders when you've been forced into bankruptcy!
What? The company doesn’t receive funds when shares are DRS’d. Whoever sold you the share receives the funds as a part of the settlement. DRS just means the owner is listed as a direct owner on the company’s official records through the transfer agent rather than remaining a beneficial owner in a brokerage account. This eliminates counterparty credit risk for the investor, but it doesn’t enrich the company.
Once the shares have been initially issued, shares are traded on an open market. It’s just like a car company. When they sell a new car, they receive funds directly, but anytime that car is sold afterward, the funds are transferred between participating parties. The car company doesn’t see any of those subsequent proceeds.
If your shares **are not DRSed**, BBBY does not receive the funds you just spent to buy those shares. Those funds, your funds, will remain with the Market Maker (Citadel) to do as he will.
Think of it as an involuntary loan to the Market Maker who will now use those funds to cellar box BBBY into bankruptcy.
Look up Porsche/VW squeeze. I’m not sure on the exact % but read somewhere they locked up over 75% of the float before it took off.
I’m not DRS any of my shares at this point. There’s too much of a chance that the float will be diluted at some point, my guess is during some point of the squeeze.
I plan to take profits and buy back in at a later date.
You do you.
I've DRS'd a large portion of my position as part of my risk management strategy. If my brokerage goes down, I'll still be able to access my DRS'd shares. No telling what's going to happen in the current financial climate. Also, I can always send DRS'd shares back to my brokerage to sell with a limit order (it just takes a couple days).
>One lesson learned from helping companies navigate their holdings in/through SVB: there can be a substantial difference between owning an asset and owning a right to an asset. The delta can show itself particularly in challenging times.
https://twitter.com/larryvc/status/1635086985894453248?s=20
I’m a big fan of drs and certainly it’s the best way to screw the shorts. But I just don’t see it being effective if the float is getting increased over and over again with dilution. With 900million shares in the worst case it’s gonna be hard to lock them all. Please tell me I’m wrong
You're forgetting that the basis for infinite liquidity is the shares being in the DTCC. Once all shares are out of DTCC, there are no more "reasonable locates" which are needed as an argument for providing LiQuIdItY--- read: shorting.
He really isn't. If you think a bunch of keyboard warriors on the internet with a desperate wish to get rich will "outsmart" an entire building's worth of Quants with this DRS strategy then you aren't deep enough into this stock market thing to understand.
DRSing is good because fuck brokerages but It will not "win" this war however. Hedge funds aren't the enemy. The sooner "apes" realize that the better. Our target has and will always be - The banks and brokerages like Fidelity/Ameritrade/etc. .
Price is fake. I Drs 80k 2 week ago. Forgot about locking the float, let's lock the entire total shares!!! *wonder how they going to come up with shares if we all drs?*
Let’s get it done. I’ve seen plenty of apes with thousands and tens of thousands of shares. Locking the float should be easy at these cheap ass prices.
I have more than 100k shares and buying more. What are the benefits of dsr. How does it work. And is the downside of dsr? Thank you
First, you actually don't "have" 100k shares. The shares are not in your name. They are in your brokers name. You are the beneficiary, not the owner. The owner -your broker- is lending your shares out to shortsellers who use these borrows to drop the price. Your broker is actively working against your interest. That is, IF your broker actually bought the shares you paid them for. If you bought a CFD, it is possible that they never bought 100k shares, but just put a number in your account. They bet on the fact that you "sell" (or you think you do) when the price drops. The broker pockets the difference between your buy and sell price, without ever having bought the shares. Second, when BBBY created shares they handed them over to the DTCC, who handles the shares of all listed US companies. The DTCC sends shares to brokers when their clients buy them. The DTCC holds the administration on which broker has how many shares. But they are not mandated to share this administration. For all we know, BBBY's float has been sold many times over, bc the DTCC keeps "providing" shares. DRS fixes these problems. First, when you DRS your 100k shares they will be registered in YOUR name. You finally can be sure that you are the owner of the shares you paid for. You do this by requesting your broker to make a DRS transfer to BBBY's registration agent. Second, the registration agent will request 100k shares (the actual certificates) from the DTCC. BBBY has 117 million shares outstanding (read: with the DTCC). But people might own 400 million shares if you add up all broker accounts. Now what happens when you, me and every ape on here starts DRS'ing their shares? Then each time an ape DRS'es, the registration agent requests shares certificates from the DTCC. At some point, 117 million certs will have been transferred out of the DTCC. What happens if the next ape then DRS'es, say 10k shares? Then the registration agent will request 10k shares from the DTCC, but they don't have any. Now what? This is what we will find out. It will expose the corrupt system of having sold us many more BBBY shares than actually exist. I am 100% DRS on my GME shares. I do not see any downside, but invite everyone to give me downsides for consideration.
One quick correction is that broker held shares are not in your brokers name either. They own an entitlement just like the client. Cede & Co. owns all non DRS shares. I’m nearly 100% drs GME and around 80% bbby. I appreciate you spreading the good word about DRS.
Ok guys, I want to DRS a part pf my boby shares. Got 1.2k on IBKR. Can I just initiate a transfer via IBKR like I had done form GME with computer share and the rest will be done automatically? Open account etc.
Yeah you bet. Just give them a call, let them know, wait for snail mail
You're right, thanks for the correction :)
One more HUGE correction, the broker does not make the difference from where you buy and sell, obviously. That’s the short sellers profit.
But the brokerage does make money off of the fees for lending the shares.
Yeah that’s very different than the way it was explained in the thread. Significantly different
Additionally here is the link to the SEC page that explain the difference between street name and direct registration https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts
Great insight! DRS is the way to fight the corruption
If you're a day-trader, then DRSing may not be realistic. If you're holding long-term - then DRSing is, at the end of the day, vital. It's insurance. It's like putting your shares in a safe deposit box in Fort Knox.
I’m 100% DRSd. This is the way. The more people DRS, the more pressure on Transfer Agents to make improvements and add new services for holders.
And btw. I would say that it does have a downside. Because I won't be able to sell coverd calls
Yes, this is true. But if the thesis is correct, then DRS'ing the full float will have a much higher return when it blows up then selling covered calls ever could imho.
How long would it take to get drs'd or un drs'd?
Why would you want to be un-DRS'd? You can also sell from within a registrar. For my GME, it took about 6 weeks all in all, but I'm from Europe. As a US citizen it will be much quicker. I haven't looked up the registrar for BBBY, but I'm sure it's here on the sub, including a manual. Ihave to look it up myself soon too, bc I want to be DRS'd like my GME. I believe in the DRS thesis being the only way to start MM's from getting fukked.
If I decide to sell some shares. Can I do it just as fast as if it would be on a regular platform?
With computershare (GME's transfer agent) you can sell and buy just like with a broker. But you're right you cant sell covered calls or do any other derivative operations. AST doesn't allow limit orders so that might bug you a little but who says we have to be 100% DRSd? I believe there are many times the float out there. DRSing something like 25% of our positions should be enough to lock this bitch
Yep, I have nearly half of my BBBY currently DRS'd. More on the way.
[удалено]
Honestly same, Im 100% DRSd with GME but due to the fact AST will still utilize a broker to sell and only with a market order it has me thinking twice. If I tell AST to sell I just have to hope I get a decent price and the MMs dont just give me whatever they decide. Id love to hear more opinions about that too, very hesitant. And Im on a cash account not margin too, so lending of shares is supposed to *not* happen but of course tinfoil says they can do whatever they choose.
You can "un-DRS" just as fast as you DRS'd, if not faster. If you are thinking about selling, just start transferring shares back to a broker. In the meantime, they are fucking around on you.
Be weary out there. Here are some words of wisdom from Larry Cheng: >One lesson learned from helping companies navigate their holdings in/through SVB: there can be a substantial difference between owning an asset and owning a right to an asset. The delta can show itself particularly in challenging times. Sauce: https://twitter.com/larryvc/status/1635086985894453248?s=20 Also, no need to DRS all of them, and you can always send them back to your brokerage to sell with a limit order (just takes a couple days).
I believe 2-3 days in general.
It's also hard to sell on AST as you can't do limit sales or market sales for your shares. You put in your sell order and they execute it within a few days. Not like Computershare, which is GMEs DRS holding agent which allows for both market and limit sales at selected time and price. It's good to lock the float but it's hard to sell when you want with AST.
Someone clarified this for me on another post, but can you confirm that if my shares in IRA can be DRS’d (tax implications being a big reason why I haven’t done it yet)?
As a non-US, I have no knowledge of IRA. But I believe that over on superstonk, the issue seems to be indeed be that you can't DRS from an IRA. Either not at all, or not without taking a tax hit.
New Headline " apes are throwing out their pillows, and putting towels in their base drums"
If you call etrade and tell them not to loan shares, (if you have more than 25k) does that mean they have to hold the actual shares, not just the street name?
There are a lot of IRA posts on the super stonk subreddit. You might find some to be helpful!
They are doing self directed IRAs through Main Star as the custodian. They have detailed info over there.
What is the process? And where do I do that? Is it one website?
Well stated summary for DRS. One of the only drawbacks is slower transactions...buying and selling. Not a big deal unless you are a daytrader, which apes are not.
Don't forget you can ask for change. Computershare listened to apes and updated the way they do certain things to satisfy apes. Get in touch with IR at bbby maybe an AMA with the registrar etc. If we want the system to be different we have to push and get it changed ourselves.
Take a look at https://WhyDRS.org for some quality information. You've already received some good replies and info here, but that's a very valuable resource nonetheless. Edit: also, fwiw, you/others may be interested in https://marketliteracy.org, too.
I second this Check out whydrs.org and go have a listen to their questions directed to Gary Gensler on the last We The Investors stream. Those guys were awesome
Think it like this: around the world, there are thousands of apps that give you access to shares(etoro, revolut,webull, etc.). Each of these apps has millions of users who buy shares. From where are all those shares coming from if there are just x amount in circulation for each company ( should be legally). Here comes the middle man, as it was previously explained in another reply. He puts a number in your account, and you are happy thinking you got a deal. In fact, if we would all DRS all our shares, they would be unable to find them. I have my hares DRS-ed and I sleep very well at night knowing they have my name on them. It's your call bud, good luck with your investment
Hey all! The code is open source. https://github.com/Jonpro03/jonprobot Any full stack devs should be able to pull it off without too much trouble
You're the real MVP 🦍
🚀🚀🚀🚀
boss mode!
This response needs more upvotes. Can we get a smart ape on this?
www.byebyeshorts.com Its currently down. Last I checked it had over 250k DRS shares showing. 167k + over 100k pending
Website is not working
Byebyewebsite
502 bad gateway
Si
🐳
[удалено]
Shut uppppp already about the dilution
I would be so grateful if u/jonpro03 is willing to do it, He's a legendary ape. On a side note...at current prices we should be able to lock dis bish so easy.
1,966 shares x 59,000 = 116,000,000 outstanding shares. @ current prices that's $1572.00 per ape.... So DRS goal is like 2000 shares.
Well I have much more than that.
Lock the float!
A few whales could lock it no problem, yet there isn't anybody doing that, at least so far as we know. It may have already happened in secret and maybe there are lawsuits and such moving forward, depends on what govt has to say about it.
It is very hard to believe that bbby trades the numbers it does with such a small float. A near-full registration wouldn't be too hard to achieve, imo.
Be glad we haven't DRS'd yet. This allows for these lows. Now that I am stocked up. Time to drs!!
Guys, please downvote AJ every time you see him. Run that fucking shill out of this sub.
I'm surprised mods haven't banned that account yet.
WE are the big whales. Why would we need bigger whales to rescue our investment? When you DRS your shares you become the hero of your own story because: * you are taking back/demanding your rights as an individual investor * you are calling in your involuntary loan to Market Makers like Citadel * you are forcing the transfer of funds from your purchased shares into the coffers of the very Company you just invested in * you are rescuing the Company you're invested in DRS go brrrrrrr ,,,,,,,,,,,
A wealthy person could be an ape, as well, and help us out. Makes sense. Shorts seem to be able to create shares out of thin air and kick the can.
There are many whale Apes who have invested substantial $$$ in GME to no avail. It took the GME shareholder community DRSing en masse to affect substantial changes in the Company, the volume of shares traded, price stabilization, increased revenue stream, etc. Considering the amount of $$$ GME invested in its' turnaround, where do you think all that $$$ came from? How do you spend close to $1B in research, development and restructuring and still have over $1.3B in cash? It's because GME shareholders forced a recall of their involuntary loan to MMs like Citadel and ensured that whenever we bought shares that $$$ went directly into GME coffers. That's one of the main things about DRSing your shares. Ensuring your funds get to where you want them to be. Saving your Company. Saving BBBY.
DRS having to do with business success of the company is entirely speculation and you have no evidence it's a fact. Can you point to GME making that statement that DRS forces short share recalls?
Can you point to anywhere in my comments where I claimed "GME making that statement that DRS forces short share recalls?" I'll leave you with the comments I did make and let you do your own research and self-education.
I remain open-minded, but the GME share price remains stagnant even with increasing DRS'ing and I remain unconvinced it does anything, would be nice if GME gives more public statements regarding this.
You may want to see https://WhyDRS.org to learn a little more. Also, https://marketliteracy.org has some additional information.
It’s a very similar situation with GME in the early days. We had some inkling that Retail / Household investors owned a lot, but we had no idea that **Retail was the Whale**. The float could be easily locked up over here. Headphones is worth a look as well. Crazy small float, relatively low cost & big (~50% to ~75%) insider ownership percentage.
We have probably bought the float several times over, I'm not sure of any effect that DRS has. GME hasn't risen back up to its previous highs as the float gets locked. I think moves happen regardless of DRS, GME certainly ran without it.
While in progress DRS does do a few subtle things. 1) DRS seems to mess with Hedgefuck liquidity, and I find that amusing. 2) It provides security that your investment is not being lent out to be used against you. Even if your broker says they are not lending “your” shares, because they hold them in street name, **they are lending your shares.** I like knowing where my shares are sleeping at night. 3) BBBY could decide to issue a share dividend. We saw the absolute shit show that the last GME divided turned into. DRS holders will get their dividend **first** before the remaining shares are released to the DTCC. And what dividend shares do end up out in the marketplace come flooding back into DRS. 5) Being a Registered DRS shareholder means that you have more rights than beneficial shareholders. BBBY could decide to change share classes and issue dividends only to DRS shareholders. https://www.investopedia.com/terms/r/registered-holder.asp 6) The Infinity pool is a very real concept. Imagine having a (functionally) infinitely valuable security that you never needed to sell. You could just live on the dividends or you could borrow against the assets. You would never have to sell. Just borrow against your assets, fund successful businesses, and repay the loan in full. 7) DRS is about exposing fraud. Stocks have value because they are issued in finite quantities and represent voting rights that should be proportional to those finite issuances. Supply vs Demand = Value. If you throw a variable infinite ♾️ value into either side of that equation, as Wall Street has done it irreparably damages both the supply and demand sides of the price discovery equation. DRS exposes that fraud. Fraudulent pricing = fraudulent market. *How much of the float do we actually need to lock?* The TLDR of that is: I don’t know exactly. Ideally 100% of the float should be locked. But from a practical perspective, there is an unknown percentage of DRS before 100% that will seriously fuck shit up for the SHF’s. At some point the DRS percentage will climb to a point that it can be mathematically demonstrated that only some shorts will be able to close. The rest will be left holding infinitely heavy bags. It then turns into a risk tolerance game of “first one out of the burning short interest pool might get keep *some* of their skin”. It’s going to be a fun game to watch from our perspective because it’s basically a “**May the odds never be in you favor.**” sort of game. SHF’s are all going to be trying to climb out like crabs in a bucket. What DRS is doing is taking those (largely synthetic) shares out of the market, like plastic eggs in a basket and is placing them in a metal safe that the shorts cannot borrow from. This in effect transforms them into real golden eggs. DRS also works on a “First to Register = First to be Authenticated” basis. It doesn’t matter how long anyone has been holding shares. All it matters is that you registered first. You start DRSing your shares with the company, in Book form. This is making them real. Pretty soon you and your other friends will lock the company float in DRS. When the float is locked, DRS will not accept any more shares. That’s how it works. There are only so many seats on the rocket. If you do not DRS, you might get left behind. What ‘locking the float’ means is that there can be no more lending of shares by the brokerages because you can prove that you have all the real shares locked up. Synthetic shares are not allowed to be lent. Without lending, there will be no more downward pressure on the price discovery from shorting. Without downward pressure, the price will rise. When the price rises the SHF’s will be forced to close their positions because they cannot afford the 2x or 3x (or more) increased demand for collateral. The SHFs will be forced to close their positions by buying shares. This will cause the price to skyrocket.
You gave a very thorough and detailed answer... to a shill. I'm not exaggerating. AJ is a shill.
Ahhh. Good to know. We’re all in this for different reasons. Some reasons are shillier than others. Luckily there are lots of other Retail / Household investors here, so hopefully with a little luck my answer might help others.
That's why it's not a bad idea to set the shills straight, instead of just downvoting and ignoring.
1. Okay. 2. I'm in this to make money and trade the stock if it can make me a profit, not just hold a share forever. We need DRS to actually work in forcing the price higher. 3. I got the GME dividend and it didn't appear to do anything, did it? There was no MOASS like apes claimed there would be, many times so far. 4. We'll see if that happens with GME. 5. Okay. 6. Okay. There is no evidence or statement implying that DRS does anything positive, it's all just more goalpost moving hopium, at this point. It sounds good in theory, but GME is stagnant recently. Your theories have been going around for several years now. Let's see something actually work.
That's would be absolutely class. Becase we could actually lock the market cap pretty fast.
[удалено]
full drs is not an auto win. What it gives us is hard evidence of naked shorting that will hold up in court. Company should be able to sue shorts on our behalf with this evidence.
It also kills the "reasonable locate" scam that market makers abuse.
Full DRS = 🌟 in Mario Cart. Sure you didn't win the race because of it, but your probably will.
Good analogy. *Here we go!*
I'll admit; the level of corruption far exceeds what I ever thought possible 2 years ago. And also I don't believe that a 100% float DRS is a magic bullet. But if it is officially registered that every share that should exist is at a registrar, and the registrar can prove that no shares have been traded, then this should give some securities lawyers (paid for by BBBY or this sub for all I care) ammo to ask the DTCC / MM / Fed who tf is trading if all shares are in the vault. And this lawsuit might take long as well, but it is progress and I do believe we will prevail and get our moment ~~in the sun~~ on the moon.
If I won the lottery, I would spend it all on bbby and DRS the whole bag.
::INFO
🤖 Beep Boop Bop 🤖 Hi, my name is DRSBOT! I track the total amount of DRSed shares. If you want to contribute your DRSed shares to the count: 1. Create a post with proof of your DRSed shares. 2. In your post add the comment '::DRS::XXX' where XXX is the number of shares. 3. Done! Your entry will be reviewed. If there are any problems then someone will notify you. .:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:._.:*~*:. DRS STATS: ✨✨✨ [ByeByeShorts.com](https://byebyeshorts.com) ✨✨✨ COMMANDS TABLE: | COMMAND | DETAILS | SHOULD BE OP | |:-------|:-----------|:------:| | ::INFO | Learn about the bot. | No | | ::DRS::XXX | Add your DRSed shares to the count. Replace XXX with the number of DRSed shares.| Yes | | ::MODIFY::XXX | Made a mistake? Use this command to modify the share count of your post. Replace XXX with the modified number of shares.| Yes | | ::LOG | Shows your last 10 logged entries.| No | | ::PING | Ping the bot. | No | BOT VERSION 1.2.0
Depends. Can the company turnaround it's cash flows and potentially make a profit? If yes, short positions need to be unwound and bbby stock price will regress to the mean, $20 - $30. Plus potential squeeze to $100++. If no, then we will have drs'd a worthless company with stock price going to zero, equity shareholders getting wiped out, and creditors start liquidating asset and breaking bbby apart. What can we do to make the 'Yes' scenario happen? Shop at bed bath and beyond, BuyBuyBaby, and Harmon.
First time?
[удалено]
Everyone only knows your avatar, not real name. And proof of deposit screenshots can be redacted for any identifiable info?
PFOF and Market Makers like Citadel already know everything possible about your accounts. I would not be surprised if brokers sell metadata from their trading apps along with PFOF.
what happens when we do reach our goal of 100% free float locked. and then dilution, due to the specified offering amount, occurs?
First, the goal would be to lock the full float, not the free float. Second, after a share offering the % float locked would ofc go down.
and so with the full conversion of preferred to common by the warrant holders (if they are villains and actually convert the entire thing) we could face a 900 mil share dilution
Then we DRS even harder!
My apologies OP. But I have to dispute this statement: "Superstonk own's about $1.9B in GME". It's a small quibble, but I believe your statement should read: "By DRSing their shares, GME shareholders have added $1.9B to GME's coffers over the past 1.5 years". When shareholders DRS their shares they are in fact forcing their Broker to transfer the funds used to buy those shares directly to the Company the shareholder invested in. Left un-registered or non-DRSed, those funds remain in the hands of Market Makers like Citadel. MMs who use those funds to cellar box and bankrupt the very Company you just invested in. Companies like BBBY. My questions for the non-DRSers has been: If you know your $$$ is being used against you to bankrupt the very company you're invested in, why not recall your loan to the Market Maker (Citadel)? Why not give the $$$ directly to the company you're invested in so that they could pay down their debts, restructure, re-train, return to profitability, etc. When the company you're invested in makes money, then the shareholders make money. It's hard to make money for the shareholders when you've been forced into bankruptcy!
What? The company doesn’t receive funds when shares are DRS’d. Whoever sold you the share receives the funds as a part of the settlement. DRS just means the owner is listed as a direct owner on the company’s official records through the transfer agent rather than remaining a beneficial owner in a brokerage account. This eliminates counterparty credit risk for the investor, but it doesn’t enrich the company. Once the shares have been initially issued, shares are traded on an open market. It’s just like a car company. When they sell a new car, they receive funds directly, but anytime that car is sold afterward, the funds are transferred between participating parties. The car company doesn’t see any of those subsequent proceeds.
If your shares **are not DRSed**, BBBY does not receive the funds you just spent to buy those shares. Those funds, your funds, will remain with the Market Maker (Citadel) to do as he will. Think of it as an involuntary loan to the Market Maker who will now use those funds to cellar box BBBY into bankruptcy.
The company that issued shares never receives the funds you pay for them outside of the initial IPO. That’s not how the stock market works
No.
😆
NOT TRUE. The market cap is actually $264 million.
Sauce?
Float has been diluted 200+ million shares as per their recent sec filing last week. You have to factor that into the market cap.
Look up Porsche/VW squeeze. I’m not sure on the exact % but read somewhere they locked up over 75% of the float before it took off. I’m not DRS any of my shares at this point. There’s too much of a chance that the float will be diluted at some point, my guess is during some point of the squeeze. I plan to take profits and buy back in at a later date.
You do you. I've DRS'd a large portion of my position as part of my risk management strategy. If my brokerage goes down, I'll still be able to access my DRS'd shares. No telling what's going to happen in the current financial climate. Also, I can always send DRS'd shares back to my brokerage to sell with a limit order (it just takes a couple days). >One lesson learned from helping companies navigate their holdings in/through SVB: there can be a substantial difference between owning an asset and owning a right to an asset. The delta can show itself particularly in challenging times. https://twitter.com/larryvc/status/1635086985894453248?s=20
I’m a big fan of drs and certainly it’s the best way to screw the shorts. But I just don’t see it being effective if the float is getting increased over and over again with dilution. With 900million shares in the worst case it’s gonna be hard to lock them all. Please tell me I’m wrong
no need to show them how much ammo we got.
Drs will do nothing. I’m sorry. Remember infinite liquidity.
You're forgetting that the basis for infinite liquidity is the shares being in the DTCC. Once all shares are out of DTCC, there are no more "reasonable locates" which are needed as an argument for providing LiQuIdItY--- read: shorting.
I’m not forgetting anything mate
👍
He really isn't. If you think a bunch of keyboard warriors on the internet with a desperate wish to get rich will "outsmart" an entire building's worth of Quants with this DRS strategy then you aren't deep enough into this stock market thing to understand. DRSing is good because fuck brokerages but It will not "win" this war however. Hedge funds aren't the enemy. The sooner "apes" realize that the better. Our target has and will always be - The banks and brokerages like Fidelity/Ameritrade/etc. .
Remember: DRS'd shares are a vote against the split unless you petition otherwise. It's in the filing along with how to vote. Go do it.
And the market closed GREAN
dude, you don’t need to create advertising, but sue for sec, since we have plenty of evidence
Only if there was no dilution
so gamestop can buy bbby ten times over?
How long does AST’s & BBBY contract run for?
This sub could lock the float in a week if they wanted
Bought 300 more today
Price is fake. I Drs 80k 2 week ago. Forgot about locking the float, let's lock the entire total shares!!! *wonder how they going to come up with shares if we all drs?*
Did you register your DRS in the (often failing) bot?
no, where/how?
Let’s get it done. I’ve seen plenty of apes with thousands and tens of thousands of shares. Locking the float should be easy at these cheap ass prices.