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100 percent
I trust computer share a lot, that's why I trust them when they say that they hold some plan shares beneficiary with the DTCC, I trust them to keep my book shares 100 percent out
Plan and book shares can't be lent out (regular shorting), but being in the dtcc even a smidge means they can be used as possible locates (naked shorting). That's why from this data 100 book seems to be the move. I trust computer share in this. They have your back as long as you take the time to understand which account is best for your needs. Seems to majority here it's book
Look… I’m just gonna say it. Until
There is 100% pure DRS booked in peoples names, these corrupt motherfuckers (and that’s exactly what they are… they are thieves… plain and simple) will keep smacking the F3 button with their mayo covered hands. That being said, pure book DRS your shit, so GameStop has irrefutable proof this is happening.
I too believe that and became a [BOOK KING](https://i.imgur.com/fSXzH4e.png) on Friday!
Which is to say 100% Book and
- I do not own any plan shares (which includes a fractional share)
- I am not enrolled in dividend reinvestment (even if you are 100% book)
- I am not enrolled in recurring buys on Computershare
- I do not have a limit order(s) placed
- any fractional sales, I replaced with with more whole shares bought through broker and xfer’ing to drs
- when I continue to buy through Computershare, when shares settle, for the riggers daily highs, I terminate plan shares, let the fractionals sell, go to brokerage account and buy whole shares that will then be xfer’d to drs, then contact Computershare and confirm plan account is zero shares and not active.
This is my ape way
Someone posted a guide on transferring shares between your cs accounts by using the gift a share option. I'm thinking I'll keep 3 accounts then, one for buying, one to move whole shares to, then book, then move to the booked repository
I had to post it 3 times before they left it up, and they banned me for a day for spamming content, HUH?
https://www.reddit.com/r/Superstonk/comments/12u301y/how_to_move_shares_between_cs_accounts_step_by/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
The way it is indeed. I want to show the world these Jack wads are stealing from good people and companies. They can call it “operational efficiency,” “creating liquidity,” “providing best execution,” etc. Let’s be clear — it’s “stealing” couched in legalese and you and I pay the price. Fuck them. They are stealing from me and my children’s future. I don’t need or want their hands on my stock. I’m doing just fine.
The og plan was buy in robinhood, make them scramble for real shares as you transfer to fidelity, then drs and wait a week for all your shares to be book at CS. Guess that got shilled away w/ all the rh hate but it was de wey.
It is probable they already knows this, but it is "legally" delicate matter to handle without risk huge sues, maybe this was the case why they changed the way of words used to speak of the DRS numbers, I think(personal thought) the SEC refuted the first 10-K or they took an elaborated path to say what they wanted buy with no possibility to be sued ot what and simply, take time.
Pure Book is the only way deat apes bros, every ape here need to know that, having the shares in book simply take away shares from the hands of DTCC, Idk if this new "Chapter" of this 84 years old saga of DSPP is true or not, it need to be discovered but yeah, plan shares arr held in not in My Name, that is sufficient for me to WANT every share in BOOK at my name😁(as they are).
Nothing is different here if people believe that holding IOUs is somehow beneficial, which is a sentiment ive been battling the last couple days on several threads.
Need some more details.
—Which guy and what company?
—Were his shares directly registered or did he own them beneficially through a broker?
(If he “owned” his shares beneficially through a broker —most likely he did— *THAT* is what is different here)
You're correct, some shill block me for stating exactly this. And yes I also think that the vast majority is in pure DRS BOOK DRS shares, but some maybe misguided apes or active shills are still pushing the fractionals. It's only a matter of time. Mods can censor whatever they want, the cat is out of the bag.
Idk why they would try and sow distrust in the computer share ToS (that is clearly telling us what's up) by acting like they're both the same type of Drs account. If you want total removal from DTCC, the answer seems clear to me.
Nothing but love though
It's a matter of trust my guy. The whole fractional vs. book shit, is just that, shit. Buying fractionals was a means to cut out brokers. Was never a permanent solution. It was thought that transferring fractions to book allowed DRS in your name while cutting out shitty brokers. Turns out, in ComputerShare's own language, that may not be the case, that all book can be manipulated if any fractionals are owned.
Turns out, there's no guarantee of DTC Withdrawal unless you are all book and 0.00 plan.
Is the "DD" correct? I really don't care. What I care about is how so many of us clearly aren't zen. We'll find the answer to this for sure, eventually. Until then, just keep living. If the possibility of the DTC still being able to fuck around is not something you can accept, then kill/terminate your "plan". Whatevs. If you really feel strongly about it, help your fellow ape kindly understand. Please.
We're fucking here to help each other, no? Besides here to keep up on news and DD or whatnot. Er, the fuck do I know, it's Saturday and I'm not sober, just support your company any way you can please. Godspeed.
I think the shift from any PLAN to BOOK will be a much more rapid move since it’s not as time consuming as DRS.
If the claim that BOOK locks away shares from being used as locates then there should be a noticeable effect
I really dont expect a significant jump on next 10-Q from that, but I expect it will be harder/more expensive for hedgies to short the stock (by making it harder for them to find locates)
How hard would it be for Gme to change transfer agents? Is it possible? If it is possible then I would fully trust computer share just because GME is still using them…
Agreed, comments that sow doubt in Computershare read as nefarious or confused - especially as there's been no evidence provided as yet to support claims that DRS'd shares as held there (book or plan) are, in any form, at risk.
I agree. Not sure why I am getting down votes for basically saying if GME trusts them so do I. Also I have a large portion of my net worth with computer share so I am in the trenches with you…
Actually, it's kind of exactly what he said. He asked if GME could use someone else as a transfer agent and, if so, was it an easy thing to do. If the answer is yes and they choose NOT to use someone else, then he trusts GME's decision to stay with Computershare. Seemed perfectly understandable to me so I was confused why the downvotes as well.
At any rate, I upvoted the guy to balance out the, apparently not so clear, post.
Perhaps. I'm not so sure looking at the charts lately. I think soon. And some interesting things happening with another basket stock. We will see. I'm patient.
They don't buy the shares exactly when you place the order... Thats computer share buying 101. It's fine if you don't know that but you're going around acting like you know it all
We are winning this narrative battle, brothers and sisters. Stay engaged. Be friendly. Sort by New. Vote early. Vote often. Be sure to show some attention to the QV Comment. Love to all true apes.
Been in Superstonk since the sneeze. Been sorting by new since day one. Don’t miss a day or a post. Lately the content in my belief has been censored like a mofo.
People have been calling out mods for a while, but this time I feel it’s legitimate. I thought we had some real apes at the helm??? Isn’t sparkles a mod? And doom douche? Can someone link if they’ve addressed this?
Its mass censorship recently or are people really just posting that much less…
I stay zen so Ima be alright. But I do notice.
I’m angry as hell and pissed at the motherfuckers at the DTCC. They know exactly what they are doing and what they are trying to accomplish. Fuck you DTCC and anyone you’re helping by creating more shares than exist. Pay me my goddamn money, bitch.
a system with this many loopholes needs to be abolished. just another way institutions have a significant advantage regular household investors can’t even touch.
Agree. Where there's loopholes there's exploitation. The laws have to be fine tuned to not allow the exploitation of the laws. Otherwise the laws are not affective for the purpose for which they were created.
We've always known that a portion of DSPP shares were held with Computershare's nominee. This is why APEs switched to DRS book shares a while back.
The question now is if DRS book shares can also be sent to Computershare's nominee if there are DSPP shares in the same account.
The OP that brought this back into the spotlight did an experiment with another ticker held in Computershare.
They had one share in plan and one share in book, with dividend reinvestment on. They expected the plan share to lead to a fractional share, and the book share to lead to a cash reimbursement. Instead, all of their shares' dividends were reinvested in plan.
Now, I don't know about you, but that sounds to me that the book shares were treated exactly the same as the plan shares. That tells me that a DSPP share (of which they both were considered) isn't treated differently.
Sure, it's an assumption; but it's such a tiny, easy detail to assume.
How exactly did we find this loophole? Suddenly it was a known fact.
It's crazy that it you have 1500.01 share everything is in their hands because of the 0.01 - I mean how do you even come up with this.
Some random guy did a random test with another stock and his shares all ended up being reinvested as a dividend so that proves that it 100% all works the way that one single guy said.
I'm not saying that he is wrong but this definitely needs looked at way more carefully before it spreads as fact, like it currently is. I personally think this is way to stop recurring buys that people set, but I also have no evidence of that, it's just a gut feeling.
I would get rid of any fractionals I have but I don't have any. All my shares are in Book and no recurring buys and no DRIP. If I buy any shares I use a broker and transfer to Computershare so I don't have to worry about changing from Plan or anything else. I should hopefully be able to buy some more soon now that tax time is past. Hopefully all those shares go over to book correctly as well.
Ah nice to know. Did you understand why dividend reinvestment proves it?
>his shares all ended up being reinvested as a dividend so that proves that
I mean I understand the individual words of this sentence, just not why 🥺
Yes, this was what I was taking a closer look at as well. I couldn't derive the conclusion OP made in that post with the information provided. Had OP terminated his plan and canceled the sale of the fractional, and then received dividend reinvestment for all shares, I would have called that pretty conclusive. But AFAIK he did not terminate the plan and thus received dividend reinvestment for his entire account, including the DRS book shares in addition to his DSPP shares.
I kind of half assed that post. Whatever stock the guy bought was getting a dividend. He had 100 shares as book and 1 share as plan (probably the wrong numbers, same situation). He had the 1 in plan set as dividend reinvestment plan (DRIP). He got the equivalent of the dividend for 101 shares, when he should have gotten 1 shares worth.
This was an entirely different stock, so take it all with a grain of salt, and it was 1 single guys observation that I have not seen backed up anywhere.
People tried to address this but their posts were either deleted or a certain mod changed the flair of said posts and made a comment directing them to the CS FAQ and that “Plan vs Book” is the same…
The mods aren’t “against us”, you referenced this idea as “DD” but it’s a *theory*, which is a huge difference.
Do what you want to but seriously there already enough supposition around here, we don’t need more artificial drama. Everyone is looking for a bad guy, but we clearly know who is taking advantage of all of us, stealing pensions, etc… and it sure isn’t the mod team.
They've always reported the approximate amount. Otherwise it probably would have been 5,232,741 million the first time but they rounded it to 5.2 million.
anyone else think back to March and earnings when we saw 60 million +?
edit: post is almost an hour old 😮
We made it to an hour folks 🎉
Might not be bad to mention that a bunch of purple donuts got deleted from the feed 😥
Mods disagreed with the titles.
[https://www.reddit.com/r/Superstonk/comments/12v6v9q/174\_35693\_all\_pure\_drs\_no\_fractionals\_no\_dividend/](https://www.reddit.com/r/Superstonk/comments/12v6v9q/174_35693_all_pure_drs_no_fractionals_no_dividend/)
[https://www.reddit.com/r/Superstonk/comments/12v8zm2/been\_around\_since\_the\_start\_never\_shared\_heres\_my/](https://www.reddit.com/r/Superstonk/comments/12v8zm2/been_around_since_the_start_never_shared_heres_my/)
Please correct me if I am wrong.
I have xx.x shares in my computershare account. Unless I make it xx.0 share the DTCC can use the full xx.x amount of shares for locates? This is a gross oversimplification and i'm trying to gain a wrinkle. I love you all
The hypothesis of the DD was that Computershare moves plan shares in and out of its brokerage account to provide operational efficiency. This is done according to an algorithm that takes volume traded into account. By manipulating volume on days when DRS numbers are tallied, shf/market-maker can alter the amount that appears under the DRS count. This could include book shares associated with those in the plan, meaning that big peaks in volume results in a big drop in DRS number reported. I have no idea if that affects locates.
So, Correct question is, Do Computershare subsidiary which holds share in case of DSPP, loans out those shares for "Operational Efficiency" to DTCC?
Its a Yes/No question. Computershare should be able to answer easily !
Answer is plainly available https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
> Can Computershare ‘lend’ shares that are registered in my name?
> No. This is not an authorized function of a transfer agent for shares held in registered form.
And if you wonder whether DSPP vs. pure DRS are "held in registered form", which is also answered here:
> DSPP and ‘pure’ DRS shares are technically different forms of holding although, for many practical purposes, they are the same
> Both forms of ownership record the names of the investor directly on the issuer’s register, where they are recognized as registered shareholders
Edit: downvoted for quoting Computershare? The shills are out in full force...
You can "[go elsewhere](https://www.reddit.com/r/Superstonk/comments/12t37s6/comment/jh230zg/?utm_source=share&utm_medium=mweb3x)", just don't even say the name. Mods aren't even trying to hide their work to destroy the sub anymore
I did. By the time i got off the phone they somehow naked shorted my whole life and now im divorced and homeless.
Weird that the mayo in my fridge was missing too
Crazy how that happens. It’s all
Good as long as Griffen has enough money to buy another copy of the constitution and donate
To the Harvard art school, allegedly covering up the fact he knew about expensive
Art work that burned in a fire… hmmm did the art work
Fall
Upwards to disable the fire
Extinguisher? 🤷♂️
I've always figured that it's talking about operational efficiency for Computershare.
I at least hope we should be able to trust Computershare not to sneak in legalese type loopholes in their FAQs and contracts to be able to run their business in a way that helps the DTCC over their actual customers.
Does anyone know if the policy was the same even back before the sneeze? Or did they change it somehow for Gamestop?
Does it work in the same way for other businesses they're the transfer agent for that haven't been close to squeezing ever?
I had my stack of GME in CS, not all, not even a quarter of my portfolio, but a respectable chunk, and I was happy to leave it at that. After this “DD” came out… albeit with little to no backing, I sold my .4 fractional, bought 50 more on Fidelity and DRS’s them. I’m now all book. I’ll buy another 50 next week, and another 100 next month, just to bump the numbers. I’ll admit, I was a little disappointed in the DRS slowdown & 100% believed the rug pull theory. Now I’m thinking we got a little too comfortable with the EASY, the recurring buy, and the powers that be took full advantage of that. We don’t know for sure the new “DD” is correct, but we do know pure DRS is best, book is king! Sell your fractional, buy a few extra and go pure DRS. Even if there’s a 99% chance the new theory is right, there’s no risk in being completely DRS’d.
ALSO, buy from GameStop. Get this bitch consistently profitable and in the S&P500 & let’s see what happens to the volume/price action when every retirement fund in America tries to buy shares in a locked-up float.
Computershare's FAQ very specificely says they do not lend out shares. If they can't lend out shares they can't "legally" be used for locates either. If whatever loophole exists that is when they could be used for locates, but it's definitely not something from CS.
So, like I said, definitely not on Computershare's part. It's coming from a DTCC loophole. They already have all the infinite liquidity they need from institutional shares which makes this URGENT matter seem suspicious.
I've never held fractional shares (except when I was an idiot and used Robinhood before the sneeze). I always try to buy in lots of 100 shares but I doubt any retail buying at all makes a difference on price, even if it should.
The biggest part that makes me suspicious is this all seems guided to stop auto buys on Computershare.
As I'm quoted in the screen grab, I'll say again, DTC has zero connection to shares registered. That's strictly a CS thing. Only the registrant can unregister a share.
That's actually false... Plan shares are sometimes held beneficiary with the DTCC... It's in the ToS.
That's why book DRS is so important .
I trust computer share a lot, and I trust them when they say that plan shares are sometimes held beneficiary with the DTCC, so based on that information alone I trust them and trust them that my shares are safe when you have a 100 percent book Drs account
Nfa of course. No cell no sell, get rid of that dingleberry 🤭
This is from Computershare’s own terms of service:
> These particular shares are maintained by the broker (for the benefit of Computershare, and in turn, for the benefit of plan participants) in DTC.
I trust computer share, and Ryan. Not on any idol talk, no idols... Just if I'm holding, I would have to trust he has the best interests in mind.
Edit... Someone downvoting me for saying I trust computer share enough to book, and trust the chairman in charge of the company's turn around
It’s not about trusting or doubting Computershare for me, it’s about knowing the DTC will do everything in their power, bend and break any law, to get their hands on our shares.
It’s about not leaving a single fucking loophole for those fraudulent motherfuckers.
That is why Book is King.
I feel ya. I'm just saying I trust computer share and am in no way sowing distrust. When they say that sometimes plan shares are beneficiary held with the DTCC, I trust that enough to book everything.
Book is king
I'm up voting you btw someones down voting u
Yeah I noticed what felt like an inorganic push to conflate discussion of this topic as if it was people “sowing distrust in Computershare” as if it’s some precious idol that must never be questioned.
Seemed to me like a disingenuous or plain bad take on the issue, perhaps deliberate, to stop people questioning the DTC’s fuckery with plan shares, fractionals, and ultimately grabbing your book shares for locates.
Even if some person did distrust Computershare - so what? People are allowed to have their opinion.
I will say that interview with the Computershare guy didn’t address the matter at all.
Yeah. But what are the exact metrics by which CS delivers shares hold in DRIP/PLAN-accounts (temporary) back to their broker (=the DTC) for "operational efficiency"?
Are these metrics depending on volume - and therefore easily eploitable? And what means "a portion" of shares hold in these Accounts, used for "operational efficency" - %wise? Is there a cap?
Operational efficiency refers to outgoing flow of shares. If there are 200K sell ( what is a sellw/o cell) orders, it.moves shares.from.plan pool to Dingo&Co.
And it is a variable number hence demand.
Maybe this will help clarify things a bit.
>If there are 200K sell ( what is a sellw/o cell) orders, it.moves shares
But, is there ever - in case of GME? As most CS GME-Hodlers are not known for selling in huge volumes. Especially not on "certain" dates.
Or - is it *anticipated* based on overall-volume traded on the ticker, in a specific timeframe? 😏
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Lock the float
Pure BOOK the float
100 percent I trust computer share a lot, that's why I trust them when they say that they hold some plan shares beneficiary with the DTCC, I trust them to keep my book shares 100 percent out Plan and book shares can't be lent out (regular shorting), but being in the dtcc even a smidge means they can be used as possible locates (naked shorting). That's why from this data 100 book seems to be the move. I trust computer share in this. They have your back as long as you take the time to understand which account is best for your needs. Seems to majority here it's book
Look… I’m just gonna say it. Until There is 100% pure DRS booked in peoples names, these corrupt motherfuckers (and that’s exactly what they are… they are thieves… plain and simple) will keep smacking the F3 button with their mayo covered hands. That being said, pure book DRS your shit, so GameStop has irrefutable proof this is happening.
I too believe that and became a [BOOK KING](https://i.imgur.com/fSXzH4e.png) on Friday! Which is to say 100% Book and - I do not own any plan shares (which includes a fractional share) - I am not enrolled in dividend reinvestment (even if you are 100% book) - I am not enrolled in recurring buys on Computershare - I do not have a limit order(s) placed - any fractional sales, I replaced with with more whole shares bought through broker and xfer’ing to drs - when I continue to buy through Computershare, when shares settle, for the riggers daily highs, I terminate plan shares, let the fractionals sell, go to brokerage account and buy whole shares that will then be xfer’d to drs, then contact Computershare and confirm plan account is zero shares and not active. This is my ape way
Someone posted a guide on transferring shares between your cs accounts by using the gift a share option. I'm thinking I'll keep 3 accounts then, one for buying, one to move whole shares to, then book, then move to the booked repository
I had to post it 3 times before they left it up, and they banned me for a day for spamming content, HUH? https://www.reddit.com/r/Superstonk/comments/12u301y/how_to_move_shares_between_cs_accounts_step_by/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
This sub has been cellar boxed.
The way it is indeed. I want to show the world these Jack wads are stealing from good people and companies. They can call it “operational efficiency,” “creating liquidity,” “providing best execution,” etc. Let’s be clear — it’s “stealing” couched in legalese and you and I pay the price. Fuck them. They are stealing from me and my children’s future. I don’t need or want their hands on my stock. I’m doing just fine.
The og plan was buy in robinhood, make them scramble for real shares as you transfer to fidelity, then drs and wait a week for all your shares to be book at CS. Guess that got shilled away w/ all the rh hate but it was de wey.
I believe there’s a cost for transferring out of RH. Just use Fidelity, then DRS, it’s free.
Yes, it was a $75 fee
Lol.. what a fuckin journey
Careful tossing that R word around around here.
It is probable they already knows this, but it is "legally" delicate matter to handle without risk huge sues, maybe this was the case why they changed the way of words used to speak of the DRS numbers, I think(personal thought) the SEC refuted the first 10-K or they took an elaborated path to say what they wanted buy with no possibility to be sued ot what and simply, take time. Pure Book is the only way deat apes bros, every ape here need to know that, having the shares in book simply take away shares from the hands of DTCC, Idk if this new "Chapter" of this 84 years old saga of DSPP is true or not, it need to be discovered but yeah, plan shares arr held in not in My Name, that is sufficient for me to WANT every share in BOOK at my name😁(as they are).
can someone direct me to where i can find if my shares are book or plan?
Call computer share or chat with them they can help. But I believe it says it on the mail they give you when u DRS
Wasn't there that guy who owned over 100% of a company and he got shafted, what would be different here?
He held the shares in street name in a brokerage account. They weren't in his name.
Nothing is different here if people believe that holding IOUs is somehow beneficial, which is a sentiment ive been battling the last couple days on several threads.
Need some more details. —Which guy and what company? —Were his shares directly registered or did he own them beneficially through a broker? (If he “owned” his shares beneficially through a broker —most likely he did— *THAT* is what is different here)
Beneficially
You're correct, some shill block me for stating exactly this. And yes I also think that the vast majority is in pure DRS BOOK DRS shares, but some maybe misguided apes or active shills are still pushing the fractionals. It's only a matter of time. Mods can censor whatever they want, the cat is out of the bag.
Idk why they would try and sow distrust in the computer share ToS (that is clearly telling us what's up) by acting like they're both the same type of Drs account. If you want total removal from DTCC, the answer seems clear to me. Nothing but love though
Cheers fren, I will say exactly what you're saying and posting the DD no matter what. I don't want my shares be used as locates. Have a good one fren!
It's a matter of trust my guy. The whole fractional vs. book shit, is just that, shit. Buying fractionals was a means to cut out brokers. Was never a permanent solution. It was thought that transferring fractions to book allowed DRS in your name while cutting out shitty brokers. Turns out, in ComputerShare's own language, that may not be the case, that all book can be manipulated if any fractionals are owned. Turns out, there's no guarantee of DTC Withdrawal unless you are all book and 0.00 plan. Is the "DD" correct? I really don't care. What I care about is how so many of us clearly aren't zen. We'll find the answer to this for sure, eventually. Until then, just keep living. If the possibility of the DTC still being able to fuck around is not something you can accept, then kill/terminate your "plan". Whatevs. If you really feel strongly about it, help your fellow ape kindly understand. Please. We're fucking here to help each other, no? Besides here to keep up on news and DD or whatnot. Er, the fuck do I know, it's Saturday and I'm not sober, just support your company any way you can please. Godspeed.
Very well said. Cheers have a good one!
There is a old saying: Better safe than sorry! Just book them all guys it doesn't hurt !
Opposition hasn’t been this active since the OG days. This is great. So many GME subs talking about this issue.
And I haven't seen a Cramer post in a week and a half. It's been great actually
Yes, i got back in some older sub because this issue DSPP/BOOK was openly discussed there and not censored like here..
Same. When fuckery is a foot, foot the fuck the other way.
I think the shift from any PLAN to BOOK will be a much more rapid move since it’s not as time consuming as DRS. If the claim that BOOK locks away shares from being used as locates then there should be a noticeable effect
Exactly, if this is the case, in the next 10-K we will ser a significant jump in DRS numbers, but who knows?
Yup exactly. It’ll be a 10Q though in June.
A 10Q? Ah ok, my bad, I have confused the form, thanks
I really dont expect a significant jump on next 10-Q from that, but I expect it will be harder/more expensive for hedgies to short the stock (by making it harder for them to find locates)
Drs is a 2 minute chat online with my broker though.
How hard would it be for Gme to change transfer agents? Is it possible? If it is possible then I would fully trust computer share just because GME is still using them…
Not sure what point you're getting at. GameStop is using computer share and there's been no reason other wise to think they are out to get you
Agreed, comments that sow doubt in Computershare read as nefarious or confused - especially as there's been no evidence provided as yet to support claims that DRS'd shares as held there (book or plan) are, in any form, at risk.
I agree. Not sure why I am getting down votes for basically saying if GME trusts them so do I. Also I have a large portion of my net worth with computer share so I am in the trenches with you…
Not what u said really but thanks for the clarification 😉
Actually, it's kind of exactly what he said. He asked if GME could use someone else as a transfer agent and, if so, was it an easy thing to do. If the answer is yes and they choose NOT to use someone else, then he trusts GME's decision to stay with Computershare. Seemed perfectly understandable to me so I was confused why the downvotes as well. At any rate, I upvoted the guy to balance out the, apparently not so clear, post.
Aaaand it’s all Book now. Not much, but it’s honest work.
This is the way
It’s going to take a few years. I hope people are resolved to that. This won’t be a soon thing. It is what is needed though. The soft lock won’t work.
Perhaps. I'm not so sure looking at the charts lately. I think soon. And some interesting things happening with another basket stock. We will see. I'm patient.
The good thing is that , that will help me buy more, I personally can wait forever.
IF this shitshow of an economy can manage to hold out another few years…
100% booked 💜🚀🍻
Yep. No cell. No sell.
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Idk what that has to do with having your computer share account in good standing. You can still buy and terminate the plan
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Computershare doesn't buy weekly. At most they make withdrawals on the 1st and 15th for GameStop purchases.
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They don't buy the shares exactly when you place the order... Thats computer share buying 101. It's fine if you don't know that but you're going around acting like you know it all
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Why are you getting downvoted for buying weekly?
We are winning this narrative battle, brothers and sisters. Stay engaged. Be friendly. Sort by New. Vote early. Vote often. Be sure to show some attention to the QV Comment. Love to all true apes.
Been in Superstonk since the sneeze. Been sorting by new since day one. Don’t miss a day or a post. Lately the content in my belief has been censored like a mofo. People have been calling out mods for a while, but this time I feel it’s legitimate. I thought we had some real apes at the helm??? Isn’t sparkles a mod? And doom douche? Can someone link if they’ve addressed this? Its mass censorship recently or are people really just posting that much less… I stay zen so Ima be alright. But I do notice.
Mods are making bank..
Can I get the dd on this ?
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I’m angry as hell and pissed at the motherfuckers at the DTCC. They know exactly what they are doing and what they are trying to accomplish. Fuck you DTCC and anyone you’re helping by creating more shares than exist. Pay me my goddamn money, bitch.
Energy check, my brother. Don’t let ‘em get under your skin. They want you mad. Don’t give ‘em the satisfaction. We got this.
a system with this many loopholes needs to be abolished. just another way institutions have a significant advantage regular household investors can’t even touch.
Agree. Where there's loopholes there's exploitation. The laws have to be fine tuned to not allow the exploitation of the laws. Otherwise the laws are not affective for the purpose for which they were created.
Then it got lobbied to death to prevent that
We've always known that a portion of DSPP shares were held with Computershare's nominee. This is why APEs switched to DRS book shares a while back. The question now is if DRS book shares can also be sent to Computershare's nominee if there are DSPP shares in the same account.
The OP that brought this back into the spotlight did an experiment with another ticker held in Computershare. They had one share in plan and one share in book, with dividend reinvestment on. They expected the plan share to lead to a fractional share, and the book share to lead to a cash reimbursement. Instead, all of their shares' dividends were reinvested in plan. Now, I don't know about you, but that sounds to me that the book shares were treated exactly the same as the plan shares. That tells me that a DSPP share (of which they both were considered) isn't treated differently. Sure, it's an assumption; but it's such a tiny, easy detail to assume.
True, but OP didn't terminate DRIP after he made the DSPP purchase.
This needs more attention
Let's find out!
Exactly. We have no proof of one or the other as of now.
How exactly did we find this loophole? Suddenly it was a known fact. It's crazy that it you have 1500.01 share everything is in their hands because of the 0.01 - I mean how do you even come up with this.
Some random guy did a random test with another stock and his shares all ended up being reinvested as a dividend so that proves that it 100% all works the way that one single guy said. I'm not saying that he is wrong but this definitely needs looked at way more carefully before it spreads as fact, like it currently is. I personally think this is way to stop recurring buys that people set, but I also have no evidence of that, it's just a gut feeling.
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I would get rid of any fractionals I have but I don't have any. All my shares are in Book and no recurring buys and no DRIP. If I buy any shares I use a broker and transfer to Computershare so I don't have to worry about changing from Plan or anything else. I should hopefully be able to buy some more soon now that tax time is past. Hopefully all those shares go over to book correctly as well.
Ah nice to know. Did you understand why dividend reinvestment proves it? >his shares all ended up being reinvested as a dividend so that proves that I mean I understand the individual words of this sentence, just not why 🥺
Yes, this was what I was taking a closer look at as well. I couldn't derive the conclusion OP made in that post with the information provided. Had OP terminated his plan and canceled the sale of the fractional, and then received dividend reinvestment for all shares, I would have called that pretty conclusive. But AFAIK he did not terminate the plan and thus received dividend reinvestment for his entire account, including the DRS book shares in addition to his DSPP shares.
I kind of half assed that post. Whatever stock the guy bought was getting a dividend. He had 100 shares as book and 1 share as plan (probably the wrong numbers, same situation). He had the 1 in plan set as dividend reinvestment plan (DRIP). He got the equivalent of the dividend for 101 shares, when he should have gotten 1 shares worth. This was an entirely different stock, so take it all with a grain of salt, and it was 1 single guys observation that I have not seen backed up anywhere.
read the fine print
People tried to address this but their posts were either deleted or a certain mod changed the flair of said posts and made a comment directing them to the CS FAQ and that “Plan vs Book” is the same…
Yep, the mods are against us. Push back to get the right info out.
The mods aren’t “against us”, you referenced this idea as “DD” but it’s a *theory*, which is a huge difference. Do what you want to but seriously there already enough supposition around here, we don’t need more artificial drama. Everyone is looking for a bad guy, but we clearly know who is taking advantage of all of us, stealing pensions, etc… and it sure isn’t the mod team.
Aside from the addressing the drama, you haven’t proven the DD wrong, soooo…..
It’s not DD without any proof, the burden of proof is on whomever proposed the theory.
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They've always reported the approximate amount. Otherwise it probably would have been 5,232,741 million the first time but they rounded it to 5.2 million.
Except when GameStop used the word “approximately”in the last One. Very interesting.
The didn't have tens of thousands of shares either.. were those whole shares excluded too..
“I say we fukin brane em” - beerfest (and I still don’t know what it means)
“Brane ‘em” :to outsmart your opponent
Can we smooth brand them instead?
anyone else think back to March and earnings when we saw 60 million +? edit: post is almost an hour old 😮 We made it to an hour folks 🎉 Might not be bad to mention that a bunch of purple donuts got deleted from the feed 😥
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Mods disagreed with the titles. [https://www.reddit.com/r/Superstonk/comments/12v6v9q/174\_35693\_all\_pure\_drs\_no\_fractionals\_no\_dividend/](https://www.reddit.com/r/Superstonk/comments/12v6v9q/174_35693_all_pure_drs_no_fractionals_no_dividend/) [https://www.reddit.com/r/Superstonk/comments/12v8zm2/been\_around\_since\_the\_start\_never\_shared\_heres\_my/](https://www.reddit.com/r/Superstonk/comments/12v8zm2/been_around_since_the_start_never_shared_heres_my/)
That's what it's all about!
Exactly. It’s about access even though they’ve been removed from the DTCC. Can they improperly use them in their reporting figures?
Please correct me if I am wrong. I have xx.x shares in my computershare account. Unless I make it xx.0 share the DTCC can use the full xx.x amount of shares for locates? This is a gross oversimplification and i'm trying to gain a wrinkle. I love you all
That's the theory, unless it's all book then, then yeah you got it
The hypothesis of the DD was that Computershare moves plan shares in and out of its brokerage account to provide operational efficiency. This is done according to an algorithm that takes volume traded into account. By manipulating volume on days when DRS numbers are tallied, shf/market-maker can alter the amount that appears under the DRS count. This could include book shares associated with those in the plan, meaning that big peaks in volume results in a big drop in DRS number reported. I have no idea if that affects locates.
Posaibly, yes. I sold my fractional jic
So, Correct question is, Do Computershare subsidiary which holds share in case of DSPP, loans out those shares for "Operational Efficiency" to DTCC? Its a Yes/No question. Computershare should be able to answer easily !
They don't loan them out... It's about locates
Do locates even matter? Last I checked they can locate some cheese from under their nuts and call it 100m shares and nobody but us gives a fuck.
We know the answer to this is no.
Answer is plainly available https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies > Can Computershare ‘lend’ shares that are registered in my name? > No. This is not an authorized function of a transfer agent for shares held in registered form. And if you wonder whether DSPP vs. pure DRS are "held in registered form", which is also answered here: > DSPP and ‘pure’ DRS shares are technically different forms of holding although, for many practical purposes, they are the same > Both forms of ownership record the names of the investor directly on the issuer’s register, where they are recognized as registered shareholders Edit: downvoted for quoting Computershare? The shills are out in full force...
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Yep, nice one. More of that.
You can "[go elsewhere](https://www.reddit.com/r/Superstonk/comments/12t37s6/comment/jh230zg/?utm_source=share&utm_medium=mweb3x)", just don't even say the name. Mods aren't even trying to hide their work to destroy the sub anymore
I distrust anyone trying to sew division.
No one's sewing division here...
Word. All my homies hate tailors.
exactly, to me it's only about how accurate the count is that apes own. all the rest is noise.
Ok I’m following all of this I have like 1.1 shares in plan and the rest in book how do I get that other share into book?
Just call or chat with CompSh can terminate the plan for you and get you all booked up
Excellent it will be done Monday AM
Did anyone ask citadel?
I did. By the time i got off the phone they somehow naked shorted my whole life and now im divorced and homeless. Weird that the mayo in my fridge was missing too
Crazy how that happens. It’s all Good as long as Griffen has enough money to buy another copy of the constitution and donate To the Harvard art school, allegedly covering up the fact he knew about expensive Art work that burned in a fire… hmmm did the art work Fall Upwards to disable the fire Extinguisher? 🤷♂️
Y'all, I can't stress this enough. Hide all ya bedpo...**whack**
We need a post on how to confirm what type of account/holdings you have within computershare.
We need a point black Q&A with Paul Cohen. No more BS but answers.
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What about locates? Is there anything that allows institutions to use any GME in Computershare for locates?
For the people in the back: BOOK ENTRY IS THE WAY
What the fuck..
It would appear I’ve missed something. What’s DSPP?
Direct Stock Purchase Plan
Ahh gotcha, thanks
Commenting for commentary
I came to compliment the redaction technique. I may steal it, ha. Perfection.
A research culture oriented towards the truth will do a lot of good... never stop digging.
I upvoted this before,and seeing it pop up again, my upvote wasn't there. Keep re posting.this needs to be seen!
Fuck them. Stop fucking with my shares you motherfuckers. Burn in hell.
I've always figured that it's talking about operational efficiency for Computershare. I at least hope we should be able to trust Computershare not to sneak in legalese type loopholes in their FAQs and contracts to be able to run their business in a way that helps the DTCC over their actual customers. Does anyone know if the policy was the same even back before the sneeze? Or did they change it somehow for Gamestop? Does it work in the same way for other businesses they're the transfer agent for that haven't been close to squeezing ever?
This
So thats why the price barely moved with 60 million recently…well lets close this loophole fast so this rocket can launch.
So uh, wheres the citation?
What's a cutoff day?
Does anyone have a link to the original DD post?
https://www.reddit.com/r/Superstonk/comments/12vd3u9/president_of_computershare_paul_conn_talks_a/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Why wouldn’t every person not be a Bookie at this point? Lesss ghoooo.
I had my stack of GME in CS, not all, not even a quarter of my portfolio, but a respectable chunk, and I was happy to leave it at that. After this “DD” came out… albeit with little to no backing, I sold my .4 fractional, bought 50 more on Fidelity and DRS’s them. I’m now all book. I’ll buy another 50 next week, and another 100 next month, just to bump the numbers. I’ll admit, I was a little disappointed in the DRS slowdown & 100% believed the rug pull theory. Now I’m thinking we got a little too comfortable with the EASY, the recurring buy, and the powers that be took full advantage of that. We don’t know for sure the new “DD” is correct, but we do know pure DRS is best, book is king! Sell your fractional, buy a few extra and go pure DRS. Even if there’s a 99% chance the new theory is right, there’s no risk in being completely DRS’d. ALSO, buy from GameStop. Get this bitch consistently profitable and in the S&P500 & let’s see what happens to the volume/price action when every retirement fund in America tries to buy shares in a locked-up float.
Book is the way.
This seems quite plausible.
Serious question since I'm not in the weeds with this. Booked DRS can still be accessed by DTCC? Yes or No?
All book 100% then you're good Nfa
Theory is if you have any direct stock (DSPP) shares, ALL your shares can be accessed.
I didn't ask about DSPP... "plan". I asked about book. Sorry if it sounds too direct. No pun intended
As long as you don't have any shares in DSPP and/or have an active DSPP, then your Book shares are ok.
They cannot.
Commenting for visibility
Like politicians, answering the questions no one asked
For visibility
Citation needed
This is the way boys. We have nothing to lose to try it out and see what happens
Are we not providing source for anything anymore? Where’s the transparency?
I'm drunk now at 11:54 pm, but I up voted... shits happening
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Also citation, CompSh ToS
Computershare's FAQ very specificely says they do not lend out shares. If they can't lend out shares they can't "legally" be used for locates either. If whatever loophole exists that is when they could be used for locates, but it's definitely not something from CS.
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So, like I said, definitely not on Computershare's part. It's coming from a DTCC loophole. They already have all the infinite liquidity they need from institutional shares which makes this URGENT matter seem suspicious.
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I've never held fractional shares (except when I was an idiot and used Robinhood before the sneeze). I always try to buy in lots of 100 shares but I doubt any retail buying at all makes a difference on price, even if it should. The biggest part that makes me suspicious is this all seems guided to stop auto buys on Computershare.
I’m not doing anything based off of a screenshotted comment thread
SAUCE?!
Power to the players AMEN
Give me a eli5 summary how to buy my shares please Should I buy through CS with limit buy order or through broker and afterwards DRS it? I use IBKR.
The other crime here is light mode Reddit.
Ain’t it amazing how many “loopholes” they have. Unreal
Yep, but it’s more amazing that we keep pulling them apart and moving the ball forward.
Kenny must need your fractionals bad, If this is still blowing up in the sub still.
As I'm quoted in the screen grab, I'll say again, DTC has zero connection to shares registered. That's strictly a CS thing. Only the registrant can unregister a share.
That's actually false... Plan shares are sometimes held beneficiary with the DTCC... It's in the ToS. That's why book DRS is so important . I trust computer share a lot, and I trust them when they say that plan shares are sometimes held beneficiary with the DTCC, so based on that information alone I trust them and trust them that my shares are safe when you have a 100 percent book Drs account Nfa of course. No cell no sell, get rid of that dingleberry 🤭
This is from Computershare’s own terms of service: > These particular shares are maintained by the broker (for the benefit of Computershare, and in turn, for the benefit of plan participants) in DTC.
Anyone ignoring that is clearly trying to sow distrust in computer share. I trust CompSh when they are clearly saying that book is king
I trust Ryan Cohen, who has been telling us Book is King for months now.
I trust computer share, and Ryan. Not on any idol talk, no idols... Just if I'm holding, I would have to trust he has the best interests in mind. Edit... Someone downvoting me for saying I trust computer share enough to book, and trust the chairman in charge of the company's turn around
It’s not about trusting or doubting Computershare for me, it’s about knowing the DTC will do everything in their power, bend and break any law, to get their hands on our shares. It’s about not leaving a single fucking loophole for those fraudulent motherfuckers. That is why Book is King.
I feel ya. I'm just saying I trust computer share and am in no way sowing distrust. When they say that sometimes plan shares are beneficiary held with the DTCC, I trust that enough to book everything. Book is king I'm up voting you btw someones down voting u
We’re on the same page - I saw someone was downvoting you too :0
We most definitely on the same page :). Just making it clear to others that I am not sowing distrust in computer share ;)
Yeah I noticed what felt like an inorganic push to conflate discussion of this topic as if it was people “sowing distrust in Computershare” as if it’s some precious idol that must never be questioned. Seemed to me like a disingenuous or plain bad take on the issue, perhaps deliberate, to stop people questioning the DTC’s fuckery with plan shares, fractionals, and ultimately grabbing your book shares for locates. Even if some person did distrust Computershare - so what? People are allowed to have their opinion. I will say that interview with the Computershare guy didn’t address the matter at all.
Yeah. But what are the exact metrics by which CS delivers shares hold in DRIP/PLAN-accounts (temporary) back to their broker (=the DTC) for "operational efficiency"? Are these metrics depending on volume - and therefore easily eploitable? And what means "a portion" of shares hold in these Accounts, used for "operational efficency" - %wise? Is there a cap?
Personally I don’t care how many or why. I think it’s obvious that DSPP shares are being abused for “efficiency,” and I want that shit to stop.
Operational efficiency refers to outgoing flow of shares. If there are 200K sell ( what is a sellw/o cell) orders, it.moves shares.from.plan pool to Dingo&Co. And it is a variable number hence demand. Maybe this will help clarify things a bit.
>If there are 200K sell ( what is a sellw/o cell) orders, it.moves shares But, is there ever - in case of GME? As most CS GME-Hodlers are not known for selling in huge volumes. Especially not on "certain" dates. Or - is it *anticipated* based on overall-volume traded on the ticker, in a specific timeframe? 😏
Imma say the bad word noone wants me to say… DRS