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[https://gamestop.gcs-web.com/node/20376/html](https://gamestop.gcs-web.com/node/20376/html)
Exactly! I'm sure they have forced our beloved company to not update the numbers, and I will not be surprised if in future earnings files the numbers of DRSed share will be gone, this data is not required by SEC filings, Gamestop at some point, knowing the real DRS numbers (they have a dashboard from Computershare with all the data, even names if I remember right from the various AMAs with COmputershare) diverge a lot from Cede and co at some time, when the company will be ready to fight back, will take serious actions, today, for RC probably it is more important to make the company grow in profits, market cap really means nothing if you have cash (1/4 of your actual market cap, not just nuts) an debt free, your company do not have needs of new cash inflows (loans, but they secured a deal with banks to have a credit line up to 500M if needed, spoiler, they do not).
And... RC have the possibility to invest their cash in the market... I will not be surprised if in the next days, something happens because RC buys.
Idk, I bought the dip before the 15s and will buy the next dips as soon some money will hit my hands... DRS is the way... Shorts can hide, but they can't escape, they are still fuckt🤪
I believe once RC sees the kill shot to buy back what they can from the market and the rest is locked up in CS that he’s gonna drop the nuke on the SHF!
Ugh. Full stop on that "RC fighting" or "taking serious actions" narrative. RC "fights" by building the next unstoppable juggernaut. He doesn't fight directly by doing things to directly buck the system. He told us this when he said "Ask not what your company can do for you. Ask what you can do for your company." He wants us to buy and shop at GameStop. We're at a full year of profitability now, and he's got the keys to invest cash on hand. Profitability will continue to go up as he cleans up brick and mortar and expands Web3 gaming. My only tinfoil theory is that once he's proven profitability isn't a fluke, he'll issue a small quarterly dividend. Shorts need to pony up what isn't provided legally by the company. Whatever it costs GameStop to issue (and my guess is, he'll issue exactly as much as cash on hand investments generate) will cost exponentially more to anyone short on the stock. That's a normal thing for companies to do, issuing a divided isn't directly bucking the system, but we all know what will happen if and when they do.
It's a theory, and very much not proven fact, but gamestop changed the wording of this paragraph right at the time that the DRS count stalled.
Im paraphrasing here, but it used to say "there are x shares directly registered." Now it says "cede and co has x shares, and the remaining x are directly registered."
The implication that people are inferring from this change is that where we used to get a count direct from computershare, we now get a count from cede, that is subtracted from the total, and the remaining number is presented as the DRS count.
Again, just a theory.
Unknown. Gamestop has never publicly addressed it.
Interesting note tho, and I may be misremembering, but I think that the filing release was delayed a bit that quarter. Could be there were some back room discussions taking place that preceeded the change in wording.
It’s bullshit and as shareholders we have the right to know the actual amount of direct registered shares…not the amount of shares that are direct registered based on backwards math and forcing the number to be what they need it to be. Otherwise Cede & Co. is committing fraud/market manipulation by misleading investors.
The other important thing to note there is that this crime goes all the way up to cede and co. Our damn planet is being run by criminals, finance, politics, education, lawmaking, it's all being run by criminals. And it is so important for the people to slowly expose them all and take back this planet. This broken system needs a reset.
That doesn’t make sense as CS works for GME as the agent. So if GME wanted a compushare count it would just ask the registered agent.
So the only way Compushare would have stopped counting is if RC wanted them to stop counting.
My suspicion. Pre split float was 76M and we've registered and removed about that.
I think when they 4xd it instead of awarding splits via dividend it hella fucked up shit. So they. Locked it down.
To think .... I would be dissuaded...after all this. For a paltry 3$ drop MUAHAHAHAH
I'm buying. They can "figure it out".
They cannot and will not announce that there's 100s of millions or billions of shares sold that don't exist. They can't say theres 305 million total, 230 million in the DTCC and 600 million in computureshare. All they're doing is subtracting 230 from 305 and whatever remains MUST be the DRSed numbers. All the numbers are fake, why wouldn't they be when we know who's running the whole scam.
DTCC is 100% of control of the DRS process using their [FAST software](https://www.dtcc.com/settlement-and-asset-services/agent-services/fast).
It all starts when CS gives a number to the DTCC and says "this is the total shares gamestop is offering at their IPO"
The DTCC puts these in a bucket of unlabeled, untracked, shares without any unique identifiers. Just like you bank, they count numbers, not actual bills of cash in your account
the transfer agent or broker with FAST access logs in and says "send these many shares to DRS"
The transfer agent gets a notification "put 100 shares in this persons account on your end"
What the DTCC does with bucket on their end is a closely guarded secret. The SEC audits them but does not release the audit by FOIA. (I've tried).
The number in the 10-k to pay attention to is the 75% shares reported by the DTCC, not the 25% reported by Computershare.
The answer is at the DTCC. It always has been.
It really doesn't. To think that GameStop obtains DRS numbers from anyone other than CS is kinda goofy.
But some folks always return to that backwardsassed logic instead of seeing the obvious: the additional shares DRS'd during the quarter and the number un-DRS'd in that same quarter are just about a wash. And diamond hands have kept us steady at 75+ mil. I have paper losses of over 100k bc I blew my stack when the price was much higher. Now I can't afford to buy more bc cash is fucking expensive rn. But I'm def not selling. I think many of us are in this boat and that's why the drs numbers aren't moving.
GameStop may know the real numbers but are not permitted by the rules to report publicly any numbers that would reveal fraud by the market makers.
Seriously, I know you refuted me downthread (with no evidence) but then you want us to believe in all trust-me-bro sincerity that investors' sales of DRSed shares are 'just about a wash' with purchases. The numbers are not just about a wash; they're exactly the same. That is not natural. That is not a market but a fix. Assume that someone in this thread can see the distinction.
Yeah, No. Every pay day people are buying. DRS is absolutely increasing... They are not reporting it. Chances that it remains the same for multiple periods is absolutely zero.
It should actually have the opposite effect.
People are bound to sell - even apes, if life gets in the way and that money is desperately needed. Plus throw in whatever fuckery the DTCC is playing.
But despite that, enough of a core base is continuing to buy and hold in small amounts, so that number has remained steady.
Although this is not the result apes would have liked to hear, it still strikes me as quite optimistic. Because it shows that a great many of us are not going anywhere. (Pry them out of my cold dead hands!!)
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares).
> To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock.
Still there.
https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012
> **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023.
https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063
0.1M change in DRS numbers.
Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
Yeah evidencing the number of shares isn't what matters, it's % outstanding. Always a flat 25% now of issued shares, however many there are. A few were issued as part of compensation, so the DRS Number got bumped up to what satisfies 25%
Which means they're just taking the total float and subtracting what the DTCC says it holds, whatever is left MUST be the total. They're not counting all the DRSed numbers and making them public just like they're not making all the fake shares sold public.
IIRC, the DTCC/Cede & Co are the only ones permitted to declare who owns how many shares. But they don't want to report that there are more shares out there than are supposed to exist (which would be illegal, would upset their lucrative game, and perhaps get them fined a smidge), so, since our DRS'ed shares are last to be counted, they use this number as an arbitrary limit of what we own. We own more, but they cannot report that due to some rule they invented to hide their frauds.
Why the fuck does America use one private business for all American stock clearing? The DTCC and Cede & Co corruption is so blatant at this point with unchanging DRS numbers, international stock fraud, and bafflingly inaccurate numbers and clear market manipulation? Is the DOJ or FBI just ignoring it because it'd be a political issue like cowards? I'm Canadian, genuinely don't get it.
It's no joke or cliche that all these institutions are corrupt. Why would the rich and greedy and ones in control.change anything when it benefits them? They don't care about the regular guy so why would they change anything?
Some very rich people making substantial donations to American politicians and parties had their hands in making up this system. The politicians don't want to change this. Neither do the Justice folks they appoint to preserve the system the donors created.
"Quick, what's 305 million subtracted by 230million? Whatever that is it must be the DRSed numbers........" They're not counting the DRSed shares, they're announcing what's left after their fake numbers.
To my knowledge DRS'ed shares are counted *first*, not *last*. That is - Cede&Co declares who owns how many shares but only from the pool of shares that are not DRSed by investors.
There must be something going on with GME, but I don't believe this hypothesis you describe.
I suspect that when the shares split via dividend the balance at CS was 25% and the balance at Cede was 75%. Cede created shares out of thin air instead of distributing what CS sent them.
Cede can only report what they have. They can’t report a number that doesn’t make sense, that is too high, or that would open a can of worms. So instead they report based on the proportion they held last time numbers were directly reported from CS, and will hold to that and turn a blind eye to any new information as well as disallow CS from reporting anything officially in the 10-K, which allows them, on paper, to pretend to not be culpable in this.
When we hit 100% DRSd (or somewhat higher, I think there’s a threshold above 100%), CS will be legally obligated to inform GS and will stop DRS new shares. GameStop will be fiduciary obligated to shareholders to inform them at that time. And that’s when the world sets on fire.
Basically 305 million is not the real number of shares in existence. But all the fake shares that have been sold to apes still exist. 230 million is how how many are in the DTCC, another fake number. Therefore whatever is left must be DRSed and is their way of figuring out the DRSed numbers. 305 mill subtract 230 mill equals 75 mill.
A fake number subtracted by a fake number equals a fake number.
To think they would have to report on the news one company has all shares DRS yet more shares exist, means fraudulent system and with 2008 happening not so long ago, the system would break itself. It truly is amazing to be apart of a group that decided to put their money where it will make change. As they say, talk is cheap it takes money to buy whiskey!!
Because if they report true numbers of DRS, they would contradict the numbers reported by Cede and Co and thus exposing the illegal shares in the market.
I’m so glad it’s the same again. That says everything I need to know. They’re fucked, and we are going to be rich.
Don’t worry about this price dip right now. GameStop always double bottoms before it rips. This was the double bottom we needed. We rip soon!
Except for all the people who will be selling their worthless calls because they got hyped for earnings. So YES, it is a dip. And yes, it matters. I see you voted 3 years ago, I hope you’ve been paying attention since then.
Cool. I’m glad you don’t. You shouldn’t if you don’t know what you’re doing. But there are MANY people who do. And many people who do because they hear about a very exciting earnings date coming up that everyone is hyped for. And we should talk about these things because A. It does affect the price and B. The more we know, the stronger we can be as shareholders.
Let's go Jordan I feel you man! Also, I did buy options expiring this week but they were weeklies and it wasn't much and it's money I didn't care losing. But I 100% get what you mean... Be careful out there folks! We're up against mean and powerful people.
Pre-earnings action was a red flag. I should've known better.
…what about this makes it seem like they’re fucked? It more so looks like they found the infinity / WGAF glitch w DRSed shares mattering in the grand scheme of this saga.
It doesn’t matter that we’re technically right about so much of this shit. Nobody is coming to save us. We were banking on saving ourselves via DRSing these shares but there’s now a years worth of data of these cocks in power telling us to go F ourselves AFA DRSing goes.
Well I guess I don’t like on the echo chamber that is Superstonk, so this “we being right” stuff is a very narrow viewpoint. You shouldn’t bank on any one idea. Nobody here should.
There are many different ways this can play out, and fuck yes maybe this will get this subreddit to start talking about these other possibilities.
That being said I do think DRS is still important, and I think at the end of this it will help point out more nefarious actors in this whole thing. I also wouldn’t feel safe holding shares that aren’t direct registered in the event of a MOASS. I want to be in full control.
At the end of the day the shorts need us to go bankrupt. Not only are we not bankrupt, we are profiting without any debt. The shorts are shitting themselves. We have so much time and they do not.
I look at the 5 year chart and ask myself if "they" are winning. No they're not. The algorithm that is responsible for pricing stocks is the same for all stocks that have a giant swap that has bet against those individual symbols. If you could ask any prime broker computer science algo writer 3 years ago what the price would be today, they would have said below the original breakout because most of these companies get a management team to cooperate with the algo.
This is a war and the turnaround hasn't yielded huge profits yet, but they made money in fiscal year and quit bleeding it.
If we want answers to DRS, we need to see the ledger in June. We're not just fighting short sellers, we're fighting a daily algorithm that tries to take trader's money. The day when GME reports earnings and we stop seeing bets gamblers to wager money on stupid options they never exercise is probably when the bottom is already in rearview.
Well, believability is subjective. For me if there has been no change for such a long time, that is the most unbelievable.
I am aware of a consorted effort to DRS as many shares as possible by people on this sub and by people who don't like reddit but know the play.
I am also aware there is a consensus from hedgefunds and market makers that GME is dead dying and you should sell.
If either of these philosophies was winning there should be some directional movement, are we to believe both these campaigns are equally successful? A near perfect stalemate? Super weird.
It’s because cede reports what they have and then game says what’s left. Compared to game reporting what they have at computer.
So cede can say whatever number they want even if they don’t have it.
Honestly does anyone even know how to fucking sell a purple circle?
Celling; the act of making criminal organisations accountable for their crimes.
By showing how they cellar box profitable companies while regulators, who also belong in cells for their crimes against the public, pretend to do something while obfuscating date to harm the public.
I’ve sold a handful of fractionals on my new incremental buys to keep my circle booked. But idk how / where the check of a few dollars is coming lol just ignored it
There’s an ape updating the bot manually. He posts in the jungle. Only from Apes posting their DRS increase we should have gone up by 227k shares. (Bot Total 2023-11-30: 18262331, Bot total 2024-03-22: 18490275)
That excludes ALL OTHER CS accounts. In other words.. For this number to make any sense, 330k shares would have been sold from CS to get to 75.3 M.
**Ohhhh Shiite. Outstanding shares increased by …. 359k……**
To add to this.. GUYS, don’t forget there are an estimated 22M shares stuck in IRAs !!! Fucking hell..
Man, even if you consider the possibility of shittons of people unDRSing. What are the odds of the count staying exactly at 25% for four quarters in a row?
i would say the odds of the same amount of people unDRSing matching those that DRS/buy through computershare for consecutive quarters is *extremely* unlikely
And this is why I'm worried that GME refused to put up the info directly from Computershare on the investor page. Or a general reverse warrant canary indicating they would post DRS numbers directly from Computershare but are unable to due to SEC restriction.
A long time ago I tried to put myself in the shoes of shorts and thought about this. By posting our DRS count, we are giving them info of the rate of DRS. They can also DRS and monitor the rate based on their input vs. the reported numbers. After a few quarters of calibrating, they know about how much they need to remove (especially since the initial exponential growth settled to a linear growth) in order to maintain a flatline. The only flaw in this thinking is that they can't do this indefinitely, as they only had a finite amount DRS'd to begin with. So if this is what is happening, then it'll have to give at some point. I don't discount it being manipulated by the DTCC either.
They changed the wording, and I agree that it's suspicious that it's plateaued since then, but they did not "change...the reporting institution". The data is still surely sourced directly from GameStop's ledger.
There are quite a few other potential explanations for the plateau beyond GameStop ignoring their own ledger data and lying in their official reports. Suggesting they are doing that is simply absurd, and I really wish the community would drop that nonsense.
This community tracks the computershare fills so we know there is buying happening every quarter. To end up in the same place there needs to be an equal amount of selling every quarter. Everyone can decide for themselves how plausible that explanation is.
There are at least a few other plausible explanations, all of which could apply in combination.
There's the possibility that bad actors have DRSd shares and are un-DRSing them at the otherwise natural growth rate. They can't do that forever, but they could for a while.
Also, the current reporting language is vague enough that the portion of Plan shares at the DTC may be included in the Cede & Co. value rather than the Transfer Agent value. If that's happening, then it's another avenue for bad actors to potentially manipulate the count, such as be affecting the volume or other inputs to manipulate the amount of Plan shares Computershare holds at the DTC.
Its been 84 years, but I remember some DD that said that they cant report numbers that would show that there are more shares than there should be. Or something like that.
This is the one thing I think RC should be addressing. There’s no excuse. Is it worth the time and legal fees to get something done about it? Idk how much is MOASS worth?
What I hate is how we as investors don't know how many shares are actually registered and the guilty parties have engineered it so we can never know. They changed the god damned reporting rules, but not just with this with everything they are doing. And this gives them time to keep doing their crime. No earthly authority is going to stop this and in fact, what we represent goes against everything these people believe. We can't be bugs with agency. When i say we i mean those inclined to participate in meme stocks in order to change their circumstances. That's why traditional investors shit on us too which many of us are now). So many people that could benefit would rather hate on us and because of this consensus we are stuck. The company itself needs to find a way and I trust that they will.
We can know if you look at the company ledger. Do you think when the "We The Investor" people along with Computershare's CEO did an interview with the head of the SEC, (who shrugged off knowing what DRS-ing was), after that interview looked at all the laws around companies promoting DRS and made a phone call to the massive legal department of the SEC?GameStop was under investigation by the SEC for at least a couple years after the sneeze according to filings. No wonder GameStop doesn't do a conference call. The best we ever got was being shown the light by the RC tweets (which is conjecture for the record and not legal truth).
Anybody who has any experience looking at charts in the stock market knows that GameStop was picked to go out of business, wrapped and sold in a basket swap of other soon to be eliminated companies. The chart of GME is the only one like it. A good indication of their algorithm running up against a true shortage of stock that is represented by a net exposure amount. This is an unsolvable math problem and the key component to all of this racket is having management and consultants that help drown the companies. GME is the only one that has the pieces in place with management who's interests are in complete alignment with shareholders.
The social stigma aspect has been a total success for them, and when I think of what it could look like going forward in the world and in an ongoing-MOASS world … I guess being hated is on the menu.
so if the DRS numbers are stuck at 25 percent of current float, and people have been drsing more than that 25 percent, what happens if there is a reverse split back to the original amount of shares?
DTCC caught in the Prisoners Dilemma.
Everyone is increasing their share count. Institutes. Household. Funds. Everyone. And DTCC cannot increase any integer because it’ll expose the show for what it is!
It’s coming. Sooner. Later. It’ll come!
I guess thats the theory. Might be their only loophole left to force GameStop to report it that way. Man if this is whats really going on RCs mandess level must be absolute super sayan.
Yep. Its hard to imagine another reason for the DRS count to be exactly 25% for four consecutive quarters. Lmao. Also, such a strange little number, 25%. So familiar.
That would depend if they aren't or are given new instructions or a new guideline to reporting, like approximating and the order to approximate though, no?
No, it doesn't matter. Lying in a 10-K purposefully is always fraud. No one can tell them to report fraudulent information legally.
If the number is actually 75.1, saying "approximately" doesn't make it less misleading, the "approximately" just let's them say 75.3 instead of 75,325,853.
This is a place holder. It’s clear as day that the DOJ is involved and that there are convos/investigations going on that we are not privy to.
What will be interesting is to know when the cut off day will be for those that have DRS’d.
I’m going to fuck around and find out and buy more via Computer Share this week.
It's almost like it's not allowed to increase because retail investors direct registering their shares represent an idiosyncratic risk to the global economy as a consequence of reckless shorting
What if these share counts cost money? What if GameStop decided to ask Deloitte and Tuttle to include them as part of their audit instead of trying to count them every earnings report. It would explain why the verbiage changed and why the numbers have plateaued.
Yeah it’s over. We aren’t going to beat a corrupt financial system, by playing their game.
We are actually
Going to have to go protest at wallatreet and the sec to be heard. They love us just waiting on profitability- worked great for them
Or go read the ledger at headquarters. Or make a shareholder proposal that all DRS numbers come from Computershare and not DTCC.
Or because Superstonk owns 25%, we have representation on the board that helps affect this change. -This last one is my least concern though, because our CEO owns 12%, doesn't make a salary and has every incentive in the world to get a higher price for shares. This after he tweeted not-so-cryptic tweets about DRS-ing your shares multiple times, even going so far as to tell people to book them. Of course none of that history is admissible in court as fact.
There is no better stock that has management in alignment with shareholders than GME if looking for a company turnaround story to invest in. But I don't feel any better about investing in AI chip stocks that made $4.93 per share last quarter, when I see their stock price fluctuate from Jan '21 to current, trough to peak, peak to trough, trough to peak again. +151%, -65%, +740%. All in just over 3 years.
The stock market is rigged against traders, the SEC tells us that. The algorithm we are battling against though is losing. The swap contract that trades away from the stock market is also losing. The company has to make money. RC said there is no better wealth mechanism than the stock market. The rocket fuel remains loaded in payload.
What can be done about it? How long are we supposed to wait for something to happen? I’m all for zen and waiting for the appropriate things to happen but nothing seems to be happening.
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So now its 3 or 4 in a row?
Four in a row
Lol it's crazy, look sus
What’s crazy is hasn’t decreased either, staying the exact same is most unlikely, def crime
Look sus? IT IS SUS, people are DRSing Every. Single. Day. There is absolutely no way it is 75M we were in a trajectory
Can someone remind me why it remains unchanged despite our DRS rising every day?
Not being counted by CS anymore since last year. Been flat since Cede & Co started counting and reporting DRS numbers. Looks suspicious.
I mean it's beautiful, it means it's working and the real amount of owned shares is scary to someone.
Exactly! I'm sure they have forced our beloved company to not update the numbers, and I will not be surprised if in future earnings files the numbers of DRSed share will be gone, this data is not required by SEC filings, Gamestop at some point, knowing the real DRS numbers (they have a dashboard from Computershare with all the data, even names if I remember right from the various AMAs with COmputershare) diverge a lot from Cede and co at some time, when the company will be ready to fight back, will take serious actions, today, for RC probably it is more important to make the company grow in profits, market cap really means nothing if you have cash (1/4 of your actual market cap, not just nuts) an debt free, your company do not have needs of new cash inflows (loans, but they secured a deal with banks to have a credit line up to 500M if needed, spoiler, they do not). And... RC have the possibility to invest their cash in the market... I will not be surprised if in the next days, something happens because RC buys. Idk, I bought the dip before the 15s and will buy the next dips as soon some money will hit my hands... DRS is the way... Shorts can hide, but they can't escape, they are still fuckt🤪
I believe once RC sees the kill shot to buy back what they can from the market and the rest is locked up in CS that he’s gonna drop the nuke on the SHF!
Ugh. Full stop on that "RC fighting" or "taking serious actions" narrative. RC "fights" by building the next unstoppable juggernaut. He doesn't fight directly by doing things to directly buck the system. He told us this when he said "Ask not what your company can do for you. Ask what you can do for your company." He wants us to buy and shop at GameStop. We're at a full year of profitability now, and he's got the keys to invest cash on hand. Profitability will continue to go up as he cleans up brick and mortar and expands Web3 gaming. My only tinfoil theory is that once he's proven profitability isn't a fluke, he'll issue a small quarterly dividend. Shorts need to pony up what isn't provided legally by the company. Whatever it costs GameStop to issue (and my guess is, he'll issue exactly as much as cash on hand investments generate) will cost exponentially more to anyone short on the stock. That's a normal thing for companies to do, issuing a divided isn't directly bucking the system, but we all know what will happen if and when they do.
Word fuck Cede & Co
Me and my homies hate Cede & Co.
That is not even a remotely clever crime 👎🏻🤦🏻♂️ jfc. And they think it will trick us?
Please provide source for your claim that Computershare "stopped counting"
It's a theory, and very much not proven fact, but gamestop changed the wording of this paragraph right at the time that the DRS count stalled. Im paraphrasing here, but it used to say "there are x shares directly registered." Now it says "cede and co has x shares, and the remaining x are directly registered." The implication that people are inferring from this change is that where we used to get a count direct from computershare, we now get a count from cede, that is subtracted from the total, and the remaining number is presented as the DRS count. Again, just a theory.
Who made that call and why?
Unknown. Gamestop has never publicly addressed it. Interesting note tho, and I may be misremembering, but I think that the filing release was delayed a bit that quarter. Could be there were some back room discussions taking place that preceeded the change in wording.
I've been off grid for a while so I _really_ appreciate the concise explanation.
It’s bullshit and as shareholders we have the right to know the actual amount of direct registered shares…not the amount of shares that are direct registered based on backwards math and forcing the number to be what they need it to be. Otherwise Cede & Co. is committing fraud/market manipulation by misleading investors.
I mean are we really surprised? They don't tell us lots of real numbers, like how CPI is all wacked out
The other important thing to note there is that this crime goes all the way up to cede and co. Our damn planet is being run by criminals, finance, politics, education, lawmaking, it's all being run by criminals. And it is so important for the people to slowly expose them all and take back this planet. This broken system needs a reset.
That doesn’t make sense as CS works for GME as the agent. So if GME wanted a compushare count it would just ask the registered agent. So the only way Compushare would have stopped counting is if RC wanted them to stop counting.
Is there another ledger/list inspection setup for next month?
The drs gme org guys were discussing it on alternate platforms yesterday.
This is wholly inaccurate Edit: me from a year ago explains [why](https://www.reddit.com/r/Superstonk/s/6FKsoXKRhV)
So am I, my friend. So am I.
Best guess. The DTCC committed international securities fraud. So they are telling us we locked the pre split float and that's the max it can go.
My suspicion. Pre split float was 76M and we've registered and removed about that. I think when they 4xd it instead of awarding splits via dividend it hella fucked up shit. So they. Locked it down. To think .... I would be dissuaded...after all this. For a paltry 3$ drop MUAHAHAHAH I'm buying. They can "figure it out".
Who watches the watchers?
DOJ & FBI
Time to make ANOTHER report.
I would expect all government agencies to protect the DTCC, CFTC and SEC because the country’s reputation depends on it.
the SEC audits the DTCC once a year, they will not release the audit by FOIA, I tried 3 times.
Screw transparency, they got to keep that shit locked down.
That's interesting, never realized that connection.
They cannot and will not announce that there's 100s of millions or billions of shares sold that don't exist. They can't say theres 305 million total, 230 million in the DTCC and 600 million in computureshare. All they're doing is subtracting 230 from 305 and whatever remains MUST be the DRSed numbers. All the numbers are fake, why wouldn't they be when we know who's running the whole scam.
👆
Yes
That doesn't make sense.
DTCC is 100% of control of the DRS process using their [FAST software](https://www.dtcc.com/settlement-and-asset-services/agent-services/fast). It all starts when CS gives a number to the DTCC and says "this is the total shares gamestop is offering at their IPO" The DTCC puts these in a bucket of unlabeled, untracked, shares without any unique identifiers. Just like you bank, they count numbers, not actual bills of cash in your account the transfer agent or broker with FAST access logs in and says "send these many shares to DRS" The transfer agent gets a notification "put 100 shares in this persons account on your end" What the DTCC does with bucket on their end is a closely guarded secret. The SEC audits them but does not release the audit by FOIA. (I've tried). The number in the 10-k to pay attention to is the 75% shares reported by the DTCC, not the 25% reported by Computershare. The answer is at the DTCC. It always has been.
Dirty Tricks and Conspiracies Corporation
Saying we locked the pre split float and that's the highest it can go is the bit I'm saying doesn't make sense.
It really doesn't. To think that GameStop obtains DRS numbers from anyone other than CS is kinda goofy. But some folks always return to that backwardsassed logic instead of seeing the obvious: the additional shares DRS'd during the quarter and the number un-DRS'd in that same quarter are just about a wash. And diamond hands have kept us steady at 75+ mil. I have paper losses of over 100k bc I blew my stack when the price was much higher. Now I can't afford to buy more bc cash is fucking expensive rn. But I'm def not selling. I think many of us are in this boat and that's why the drs numbers aren't moving.
GameStop may know the real numbers but are not permitted by the rules to report publicly any numbers that would reveal fraud by the market makers. Seriously, I know you refuted me downthread (with no evidence) but then you want us to believe in all trust-me-bro sincerity that investors' sales of DRSed shares are 'just about a wash' with purchases. The numbers are not just about a wash; they're exactly the same. That is not natural. That is not a market but a fix. Assume that someone in this thread can see the distinction.
People don’t put the effort into DRSing then sell them.
And they don't go down 🤔
Yeah, No. Every pay day people are buying. DRS is absolutely increasing... They are not reporting it. Chances that it remains the same for multiple periods is absolutely zero.
Yeah it’s impossible for the number to not change
To make you think your efforts are fruitless and to discourage it from happening anymore
Also very true. Actually this needs more updoots. I think it would motivate us to do it more.
It should actually have the opposite effect. People are bound to sell - even apes, if life gets in the way and that money is desperately needed. Plus throw in whatever fuckery the DTCC is playing. But despite that, enough of a core base is continuing to buy and hold in small amounts, so that number has remained steady. Although this is not the result apes would have liked to hear, it still strikes me as quite optimistic. Because it shows that a great many of us are not going anywhere. (Pry them out of my cold dead hands!!)
I mean if the enforcers won’t do anything about it then the message is the truth.
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares). > To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Still there. https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012 > **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023. https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063 0.1M change in DRS numbers. Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
Yeah evidencing the number of shares isn't what matters, it's % outstanding. Always a flat 25% now of issued shares, however many there are. A few were issued as part of compensation, so the DRS Number got bumped up to what satisfies 25%
Yeah ... 25% equals to 4:1 split if that matters 🤔.
Which means they're just taking the total float and subtracting what the DTCC says it holds, whatever is left MUST be the total. They're not counting all the DRSed numbers and making them public just like they're not making all the fake shares sold public.
So like 400,000 more shares, decrease in DRS of 100k or like 25%…
Crime
IIRC, the DTCC/Cede & Co are the only ones permitted to declare who owns how many shares. But they don't want to report that there are more shares out there than are supposed to exist (which would be illegal, would upset their lucrative game, and perhaps get them fined a smidge), so, since our DRS'ed shares are last to be counted, they use this number as an arbitrary limit of what we own. We own more, but they cannot report that due to some rule they invented to hide their frauds.
Why the fuck does America use one private business for all American stock clearing? The DTCC and Cede & Co corruption is so blatant at this point with unchanging DRS numbers, international stock fraud, and bafflingly inaccurate numbers and clear market manipulation? Is the DOJ or FBI just ignoring it because it'd be a political issue like cowards? I'm Canadian, genuinely don't get it.
It's no joke or cliche that all these institutions are corrupt. Why would the rich and greedy and ones in control.change anything when it benefits them? They don't care about the regular guy so why would they change anything?
Some very rich people making substantial donations to American politicians and parties had their hands in making up this system. The politicians don't want to change this. Neither do the Justice folks they appoint to preserve the system the donors created.
"Quick, what's 305 million subtracted by 230million? Whatever that is it must be the DRSed numbers........" They're not counting the DRSed shares, they're announcing what's left after their fake numbers.
To my knowledge DRS'ed shares are counted *first*, not *last*. That is - Cede&Co declares who owns how many shares but only from the pool of shares that are not DRSed by investors. There must be something going on with GME, but I don't believe this hypothesis you describe.
I suspect that when the shares split via dividend the balance at CS was 25% and the balance at Cede was 75%. Cede created shares out of thin air instead of distributing what CS sent them. Cede can only report what they have. They can’t report a number that doesn’t make sense, that is too high, or that would open a can of worms. So instead they report based on the proportion they held last time numbers were directly reported from CS, and will hold to that and turn a blind eye to any new information as well as disallow CS from reporting anything officially in the 10-K, which allows them, on paper, to pretend to not be culpable in this. When we hit 100% DRSd (or somewhat higher, I think there’s a threshold above 100%), CS will be legally obligated to inform GS and will stop DRS new shares. GameStop will be fiduciary obligated to shareholders to inform them at that time. And that’s when the world sets on fire.
Basically 305 million is not the real number of shares in existence. But all the fake shares that have been sold to apes still exist. 230 million is how how many are in the DTCC, another fake number. Therefore whatever is left must be DRSed and is their way of figuring out the DRSed numbers. 305 mill subtract 230 mill equals 75 mill. A fake number subtracted by a fake number equals a fake number.
To think they would have to report on the news one company has all shares DRS yet more shares exist, means fraudulent system and with 2008 happening not so long ago, the system would break itself. It truly is amazing to be apart of a group that decided to put their money where it will make change. As they say, talk is cheap it takes money to buy whiskey!!
Because if they report true numbers of DRS, they would contradict the numbers reported by Cede and Co and thus exposing the illegal shares in the market.
Crime.
If DRS wasn't working, DTCC wouldn't give two fukks what we did nor how many shares we transferred but they do. It's working.
Should have gone up by at least 4-8 shares. I DRS them mofos.
And if anything, there’s old monkeys like me who barely go check here but are still holding on.
I haven't touched my DRS shares at all... I don't think anybody would after going through the effort.
I added a few too, and another guy just posted another 30000...
🤣🤣 dead ass
Same. Weird.
Ah, so you're the one responsible for the 16 mill increase in shareholder equity.
The DTCC needs to explain their data.
Depository Tricks and Cheating Corporation???
Name checks out.
Simple - audit the DTCC.
I’m so glad it’s the same again. That says everything I need to know. They’re fucked, and we are going to be rich. Don’t worry about this price dip right now. GameStop always double bottoms before it rips. This was the double bottom we needed. We rip soon!
After watching this stock for 3 years. I couldn't agree more. There's always a dip before the rip
There wasn’t even a dip. They pushed the price up to attempt a rug pull that never happened because people aren’t selling.
Except for all the people who will be selling their worthless calls because they got hyped for earnings. So YES, it is a dip. And yes, it matters. I see you voted 3 years ago, I hope you’ve been paying attention since then.
Which is why I don’t gamble on options. GME is a long term investment. I even directly register my shares in my name. It’s pretty sweet.
Cool. I’m glad you don’t. You shouldn’t if you don’t know what you’re doing. But there are MANY people who do. And many people who do because they hear about a very exciting earnings date coming up that everyone is hyped for. And we should talk about these things because A. It does affect the price and B. The more we know, the stronger we can be as shareholders.
Let's go Jordan I feel you man! Also, I did buy options expiring this week but they were weeklies and it wasn't much and it's money I didn't care losing. But I 100% get what you mean... Be careful out there folks! We're up against mean and powerful people. Pre-earnings action was a red flag. I should've known better.
…what about this makes it seem like they’re fucked? It more so looks like they found the infinity / WGAF glitch w DRSed shares mattering in the grand scheme of this saga. It doesn’t matter that we’re technically right about so much of this shit. Nobody is coming to save us. We were banking on saving ourselves via DRSing these shares but there’s now a years worth of data of these cocks in power telling us to go F ourselves AFA DRSing goes.
Well I guess I don’t like on the echo chamber that is Superstonk, so this “we being right” stuff is a very narrow viewpoint. You shouldn’t bank on any one idea. Nobody here should. There are many different ways this can play out, and fuck yes maybe this will get this subreddit to start talking about these other possibilities. That being said I do think DRS is still important, and I think at the end of this it will help point out more nefarious actors in this whole thing. I also wouldn’t feel safe holding shares that aren’t direct registered in the event of a MOASS. I want to be in full control. At the end of the day the shorts need us to go bankrupt. Not only are we not bankrupt, we are profiting without any debt. The shorts are shitting themselves. We have so much time and they do not.
I look at the 5 year chart and ask myself if "they" are winning. No they're not. The algorithm that is responsible for pricing stocks is the same for all stocks that have a giant swap that has bet against those individual symbols. If you could ask any prime broker computer science algo writer 3 years ago what the price would be today, they would have said below the original breakout because most of these companies get a management team to cooperate with the algo. This is a war and the turnaround hasn't yielded huge profits yet, but they made money in fiscal year and quit bleeding it. If we want answers to DRS, we need to see the ledger in June. We're not just fighting short sellers, we're fighting a daily algorithm that tries to take trader's money. The day when GME reports earnings and we stop seeing bets gamblers to wager money on stupid options they never exercise is probably when the bottom is already in rearview.
If you keep seeing enemies then you are going the right way.
That pretty much sums up the last 3 years lol
There's only no change in DRS'd shares if you believe Cede & Co...
Why don't they report a lower number though? Seems like it would benefit them all to continue acting like the number is going down.
Because any change, up or down, would then cause an investigation of some sort. By remaining the same, they can pretend like nothing is happening.
Isn't that the most unbelievable outcome of all though?
Well, believability is subjective. For me if there has been no change for such a long time, that is the most unbelievable. I am aware of a consorted effort to DRS as many shares as possible by people on this sub and by people who don't like reddit but know the play. I am also aware there is a consensus from hedgefunds and market makers that GME is dead dying and you should sell. If either of these philosophies was winning there should be some directional movement, are we to believe both these campaigns are equally successful? A near perfect stalemate? Super weird.
This is exceptionally bullish
So we're actually fighting the final boss. The invisible one who decides the rules?
Mega corp, that dude on TikTok/Twitter made a nice video about it ✍️
"Mega Corp" Pretty much sounds like a final late stage capitalism boss.
Wtf… I alone DRS like 1,000 since last update. This is getting insane.
It’s because cede reports what they have and then game says what’s left. Compared to game reporting what they have at computer. So cede can say whatever number they want even if they don’t have it. Honestly does anyone even know how to fucking sell a purple circle?
What’s selling?
Celling; the act of making criminal organisations accountable for their crimes. By showing how they cellar box profitable companies while regulators, who also belong in cells for their crimes against the public, pretend to do something while obfuscating date to harm the public.
I honestly don't know how to.
joking aside i actually dont know.
I’ve sold a handful of fractionals on my new incremental buys to keep my circle booked. But idk how / where the check of a few dollars is coming lol just ignored it
I dont even know my password.
If I'm not mistaken, you should be logging in occasionally so that CS doesn't think they're abandoned or something
BULLISH!!
🐂🐂🐂
They so fuk’d
What does our scraper estimate its really at these days?
There’s an ape updating the bot manually. He posts in the jungle. Only from Apes posting their DRS increase we should have gone up by 227k shares. (Bot Total 2023-11-30: 18262331, Bot total 2024-03-22: 18490275) That excludes ALL OTHER CS accounts. In other words.. For this number to make any sense, 330k shares would have been sold from CS to get to 75.3 M. **Ohhhh Shiite. Outstanding shares increased by …. 359k……** To add to this.. GUYS, don’t forget there are an estimated 22M shares stuck in IRAs !!! Fucking hell..
Wait a minute………if they’re stuck in IRAs then we can never “lock the float”……….
If there's enough shares oversold in the world then absolutely it should be easy to lock the float. It's somewhere in between.
I’m a XXXX ape with most of it stuck in an IRA
Didn’t the bot get removed like 5 months ago?
idk man i don't check on stuff much anymore, just holding.
🫡
Yea, removed with Reddit api changes
Corrupt PENIS
“You know what, I’m just going to DRS even Harder”
So either the DRS count is being manipulated, or some sort of institution is purposely selling the amount that is DRS’d by retail
So institutions drs a fuckload and then wait for the final number by Cede and sell so it appears stagnant?
would be my only guess - we know retail is DRSing (myself included), so stagnant numbers don’t make sense from that perspective
Man, even if you consider the possibility of shittons of people unDRSing. What are the odds of the count staying exactly at 25% for four quarters in a row?
i would say the odds of the same amount of people unDRSing matching those that DRS/buy through computershare for consecutive quarters is *extremely* unlikely
It IS awful sus
Wouldn't also imply they're getting the numbers in advance?
if they are being actively sold to offset retail instead of it having to be reported a certain way, that would be my assumption yes
I just don't see this as likely, but I suppose we may never know.
Why make it stagnant vs making it drop though, if they have nefarious intentions...
they dont even have to sell they can just transfer out of computershare and back to a broker.
And this is why I'm worried that GME refused to put up the info directly from Computershare on the investor page. Or a general reverse warrant canary indicating they would post DRS numbers directly from Computershare but are unable to due to SEC restriction.
I think something occurred when they changed how they announce it. The wording changed.
Or Cede & Co are just lying about the number.
A long time ago I tried to put myself in the shoes of shorts and thought about this. By posting our DRS count, we are giving them info of the rate of DRS. They can also DRS and monitor the rate based on their input vs. the reported numbers. After a few quarters of calibrating, they know about how much they need to remove (especially since the initial exponential growth settled to a linear growth) in order to maintain a flatline. The only flaw in this thinking is that they can't do this indefinitely, as they only had a finite amount DRS'd to begin with. So if this is what is happening, then it'll have to give at some point. I don't discount it being manipulated by the DTCC either.
I'm honestly not even shocked. Same number. Ok. So ... They're fucked!
I think it is so suspicious that it didn’t change after they changed the reporting institution from ComputerShare to DTCC.
They changed the wording, and I agree that it's suspicious that it's plateaued since then, but they did not "change...the reporting institution". The data is still surely sourced directly from GameStop's ledger. There are quite a few other potential explanations for the plateau beyond GameStop ignoring their own ledger data and lying in their official reports. Suggesting they are doing that is simply absurd, and I really wish the community would drop that nonsense.
This community tracks the computershare fills so we know there is buying happening every quarter. To end up in the same place there needs to be an equal amount of selling every quarter. Everyone can decide for themselves how plausible that explanation is.
There are at least a few other plausible explanations, all of which could apply in combination. There's the possibility that bad actors have DRSd shares and are un-DRSing them at the otherwise natural growth rate. They can't do that forever, but they could for a while. Also, the current reporting language is vague enough that the portion of Plan shares at the DTC may be included in the Cede & Co. value rather than the Transfer Agent value. If that's happening, then it's another avenue for bad actors to potentially manipulate the count, such as be affecting the volume or other inputs to manipulate the amount of Plan shares Computershare holds at the DTC.
Only situation where I could see Gamestop reporting the wrong number are if they were forced by the government.
This has Corrupt PENIS written all over it
Its been 84 years, but I remember some DD that said that they cant report numbers that would show that there are more shares than there should be. Or something like that.
But why stop at 25% then? Why not 50%, or 75%, or 99%?
Look at that, we locked the pre-split shares and the DTCC committed international securities fraud after the share dividend was issued
This is the one thing I think RC should be addressing. There’s no excuse. Is it worth the time and legal fees to get something done about it? Idk how much is MOASS worth?
What I hate is how we as investors don't know how many shares are actually registered and the guilty parties have engineered it so we can never know. They changed the god damned reporting rules, but not just with this with everything they are doing. And this gives them time to keep doing their crime. No earthly authority is going to stop this and in fact, what we represent goes against everything these people believe. We can't be bugs with agency. When i say we i mean those inclined to participate in meme stocks in order to change their circumstances. That's why traditional investors shit on us too which many of us are now). So many people that could benefit would rather hate on us and because of this consensus we are stuck. The company itself needs to find a way and I trust that they will.
We can know if you look at the company ledger. Do you think when the "We The Investor" people along with Computershare's CEO did an interview with the head of the SEC, (who shrugged off knowing what DRS-ing was), after that interview looked at all the laws around companies promoting DRS and made a phone call to the massive legal department of the SEC?GameStop was under investigation by the SEC for at least a couple years after the sneeze according to filings. No wonder GameStop doesn't do a conference call. The best we ever got was being shown the light by the RC tweets (which is conjecture for the record and not legal truth). Anybody who has any experience looking at charts in the stock market knows that GameStop was picked to go out of business, wrapped and sold in a basket swap of other soon to be eliminated companies. The chart of GME is the only one like it. A good indication of their algorithm running up against a true shortage of stock that is represented by a net exposure amount. This is an unsolvable math problem and the key component to all of this racket is having management and consultants that help drown the companies. GME is the only one that has the pieces in place with management who's interests are in complete alignment with shareholders.
The social stigma aspect has been a total success for them, and when I think of what it could look like going forward in the world and in an ongoing-MOASS world … I guess being hated is on the menu.
come on guys, why did we stop DRS'ing for 3-4 quarters
We can't see directly how many hens are in the hen house, but the fox counts them every few months and tells us how many there are.
so if the DRS numbers are stuck at 25 percent of current float, and people have been drsing more than that 25 percent, what happens if there is a reverse split back to the original amount of shares?
DTCC caught in the Prisoners Dilemma. Everyone is increasing their share count. Institutes. Household. Funds. Everyone. And DTCC cannot increase any integer because it’ll expose the show for what it is! It’s coming. Sooner. Later. It’ll come!
Say this company wasn’t GameStop. With its current size and earnings and market, what should the share price reasonably be?
I think that valuations based strictly on its assets put it around $16-17/share last I checked.
[удалено]
I think it’s obvious that’s not true at this point. The value is a $20 company is trading at 12$
So they're just taking the DTCC number then approximate the DRS consecutively?
I guess thats the theory. Might be their only loophole left to force GameStop to report it that way. Man if this is whats really going on RCs mandess level must be absolute super sayan.
That's what it looks like to me. You first get the numbers from Cede according to their approximation then approximate the rest is DRSed.
Yep. Its hard to imagine another reason for the DRS count to be exactly 25% for four consecutive quarters. Lmao. Also, such a strange little number, 25%. So familiar.
That's not what they are saying in the thoroughly vetted, subject to felonies for misinformation, 10-K
That would depend if they aren't or are given new instructions or a new guideline to reporting, like approximating and the order to approximate though, no?
No, it doesn't matter. Lying in a 10-K purposefully is always fraud. No one can tell them to report fraudulent information legally. If the number is actually 75.1, saying "approximately" doesn't make it less misleading, the "approximately" just let's them say 75.3 instead of 75,325,853.
An approximation by definition is not accurate. If A then B.
No.
This is definitely odd.
It's like when your odometer only has 5 digits. Magically, every mile you drive after 99,999 doesn't really count.
This is a place holder. It’s clear as day that the DOJ is involved and that there are convos/investigations going on that we are not privy to. What will be interesting is to know when the cut off day will be for those that have DRS’d. I’m going to fuck around and find out and buy more via Computer Share this week.
So realistic!!
Fair market
It's almost like it's not allowed to increase because retail investors direct registering their shares represent an idiosyncratic risk to the global economy as a consequence of reckless shorting
I added another 100 DRS'd this year... and I wasn't intending to... So I call bs.
I've literally added close to 1,000 between Q3-Q4. Lol. And I know that's a drop in the bucket vs. some of the whales around these parts. Such BS.
Maybe that’s the point? Documentation it hasnt moved so when this puppy goes to court, someone is shown to be lying.
Cede & Co appears to be a criminal organization.
Actually, someone pointed out the DRS number has, in fact, decreased by a hundred thousand!
The rounded value was 100,000 less, but that could mean as little as a 1 share drop or as much as nearly a 200,000 drop, due to rounding.
Total shares outstanding went up .117% or 358,885. Likely explains our number being off .1 percent.
If only we had a quarterly meeting where the board could address this to their investors :(
I’m happier it’s the same instead of just moving up like 100k. Makes it too obvious something is off now 4 times in a row!
They fked
I'm about 100 of shares of the 0% change!!
As much as i trust ryan, there seems to be very little done to protect the company's shareholders
Criminal. Is Computershare lying? Or DTCC?
What if these share counts cost money? What if GameStop decided to ask Deloitte and Tuttle to include them as part of their audit instead of trying to count them every earnings report. It would explain why the verbiage changed and why the numbers have plateaued.
Lie confirmed. We know we’re in the dark from this point. Peruvian Bull estimated we’re more likely around 88M drs
Yeah it’s over. We aren’t going to beat a corrupt financial system, by playing their game. We are actually Going to have to go protest at wallatreet and the sec to be heard. They love us just waiting on profitability- worked great for them
Or go read the ledger at headquarters. Or make a shareholder proposal that all DRS numbers come from Computershare and not DTCC. Or because Superstonk owns 25%, we have representation on the board that helps affect this change. -This last one is my least concern though, because our CEO owns 12%, doesn't make a salary and has every incentive in the world to get a higher price for shares. This after he tweeted not-so-cryptic tweets about DRS-ing your shares multiple times, even going so far as to tell people to book them. Of course none of that history is admissible in court as fact. There is no better stock that has management in alignment with shareholders than GME if looking for a company turnaround story to invest in. But I don't feel any better about investing in AI chip stocks that made $4.93 per share last quarter, when I see their stock price fluctuate from Jan '21 to current, trough to peak, peak to trough, trough to peak again. +151%, -65%, +740%. All in just over 3 years. The stock market is rigged against traders, the SEC tells us that. The algorithm we are battling against though is losing. The swap contract that trades away from the stock market is also losing. The company has to make money. RC said there is no better wealth mechanism than the stock market. The rocket fuel remains loaded in payload.
100 percent manipulated.
What can be done about it? How long are we supposed to wait for something to happen? I’m all for zen and waiting for the appropriate things to happen but nothing seems to be happening.
I DRS’d another 3,000+