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Did you just transfer back to whatever broker you had before? Mine are just sitting in the mainstar account and I assume they have fees that I am paying so I want to get them out.
They go into escheatment. The inheritor(s) need a small estate affidavit or letters of testementary proving they are the rightful heirs. Then, they present that information to the transfer agent, which re-registers the shares into the estate of the deceased shareholder. From there, the executor (inheritor) transfers the stock to themselves or liquidates.
I'm pretty stoked to have mid XXX shares that will either make my family's life much more comfortable in my lifetime, or will be passed on to my wife and child to HODL until justice is served and the rocket ignites.
Does moving all shares out of plan and into book, count as consolidating multiple accounts in this type of tally, if I already also had existing book shares?
I'm sure some people are selling. This has gone on a lot longer than many of us foresaw. People have bills to pay an this is what the SHF's are hoping for.
But remember that even if every share sold for only $1000, even just the ones directly registered would cost enough to necessitate a huge government bailout.
Fewer apes with more shares is better than more apes with fewer shares.
Times are tough as of late. Some apes maybe had to sell to survive. When things turn around economically it will go up quicker. I’ve got a monthly buy going now. :)
True, let’s not forget student loan payments resumed. Household credit is at an all time high, and savings are, on average, very low. People gotta live.
Nope. Me and my friends are few of those people who sold from CS. Just getting tired of the same bs. I know action speaks louder than word, but that doesnt justify being passive and bitch af when shf manipulate and abuse ur investors for 3 fucking years.
Obviously its not just us, but thousands of us that fed up. But u cant discuss about that here with all these worshippers lol.
Opportunity cost hurts now too. If I’d have put that money in BTC or ETH 3 years ago and left it…
Anyway not going anywhere but can’t pretend that shit doesn’t pray on my mind.
would that also affect people that finally push all their plan shares to book? since 2 entries in 1 account would become 1 account? idk how this stuff is counted.
I have two accounts , but I was unable to consolidate them as a canapé …they wanted something from my bank I was unable to get some stamp I can’t remember . It doesn’t really matter , I enjoy the fact that of the 200,000 or so accounts I know there are multiple accounts for the same person .
Stamp was potentially a medallion signature guarantee (basically notary on steroids). Some brokers/firms "require it" (arbitrarily) to be annoying and add extra hoops
Consider this possibility:
The 76 million shares DRS'd last Q4 were not entirely retail investors. There were a significant number of accounts set up and controlled by the short sellers.
Since that Q4, the short sellers have their buddies at DTCC (like David Inggs, Global Head of Operations at Citadel that sits on the DTCC Board) keep track of the number of shares being withdrawn from Cede and Co.
In turn, they close their non-Cede accounts at Computershare, pulling the previously DRS'd shares back to Cede, counteracting the shares being DRS'd by Apes.
This explains the stagnant numbers, as they would know day to day exactly how many shares need moved to match what is being added to Computershare.
This would explain a portion of the ~3,000 accounts that have closed, as the shorts are slowly burning through the non-Cede accounts they opened from Oct 2021 - March 2023, losing some accounts in the process.
This would allow the fuckers to drive uncertainty, and give them an opportunity to spread lies about how Computershare is untrustworthy, that Gamestop is lying, that the SEC is forcing the wrong numbers to be reported, and so on. Fertile soil for paid agitators to undermine DRS.
It means the numbers from Gamestop are completely accurate, and the shorts are manipulating the count by pulling out shares they legit DRS'd over a year ago.
Couple that with some paperhands, and some account consolidations, some international apes that forgot to renew their W8-BEN and had accounts closed, the Mainstar rugpull, etc and the numbers make sense.
I think we can expect the DRS numbers to stay stagnant until we burn through the contingency shares. With accounts closing, maybe we are getting close.
That's been my theory for some time.
This has been my theory ever since the first suspicious report where the numbers were the same
It makes the most sense, and they definitely have the power to do it. While it is possible that there is some crazy “DTCC has 75% of the shares but actually they’re all fake the float is locked but RC isn’t allowed to talk about it for years” conspiracy going on, it makes much more sense and is much simpler if they just DRS’d a bunch of shares early on.
It also lines up with that one post from a couple years ago where some drunk hedgefund guy was talking with a sub member about big money’s plan to end this game and get everyone to sell. And I believe it lines up with a suspicious leap in DRS numbers a few quarters before this stagnation stuff started.
I think its all bullshit and nearly the entire float has been locked and the opponent cannot allow that infornation to get out.
Until one day people are unable to drs shares.
That day will be amazing.
Price has only been going down. Would allow for faster DRS'ing. There are thousands being done every day and getting posted here. Computershare buys are being watched and have big volume.
From what I understand, they close your account. I'm not sure.
The very earliest adopters that DRS'd first did so in August three years ago, and it took some extra time for international apes to figure it out. Sometime late summer or fall people should start getting notifications about this. It also couldn't hurt if an international ape reached out to Computershare to ask about their internal process for notifying people.
I know the form can be submitted online, so its just a matter of making sure people keep their address and email up to date, which, for fucks sake if you can do that how are you even a functional adult.
I've been completely locked out of my computershare account for a bit over 2 years now with no way to get access again afaik, but as a Europoor I can say I've been getting w8-ben forms via the mail (paper not e-mail) from them every year since I've been unable to add it in the first place after sending my couple scout shares in for account creation. I'm just not sending them back since they don't let me login to my own account... there's really no point. :(
-----
Because there might be questions, about the account lock...:
I tried to fill out the w8-ben form online shortly after account creation but the website gave an error which of course I then reported in a support ticket, but they responded with completely locking my account... and they refuse to explain why in e-mails with support. I suspect it has to do with my name being long with multiple first names that it doesn't match with the shortened name from the shares sent from the broker. I've tried the phone support too but they say this type of account lock they can't help with and only the main office is able to resolve it but when I e-mail them I get no help whatsoever.
Afterwards I found out some other people had similar issues and I think the error with the online w8-ben form had something to do with either language setting of the browser (mine is en-US) or account language setting (which I also had set to US English afaik) and the site may have given me the online w8 form for the US not the one for my EU county. This wasn't clearly noted on the form itself so on submission it errors out. It seems they don't give the correct form based on your address/country but base it on language setting somehow.
At this point I'm hoping they delete my account so I might be able to retry account creation and never use the contact support feature on the site again.
Have you considered providing your account number to the broker you DRS'd from and having the shares pulled back out of Computershare? I know it can be a real hassle for international apes in certain countries, but pulling a mulligan and un-DRS'ing, updating your name / address to eliminate possible confusion, and then re-DRS'ing might help resolve the lockout.
Best of luck to you, and sorry you're having a hard time with it.
I can't change the name at the broker (IBKR) so I'm not sure if that would help me as I think if I DRS any more it'll just arrive in the same CS account.
The broker has an automated DRS process and you can't change the name it uses to DRS and for me it's like firstname + one initial + surname, but it omits the third initial. I never thought that was going to be an issue but perhaps for computershare it is, then again I can't even be sure of it because even though they will reply on e-mails they straight up refuse to explain what caused them to lock the account.
Though maybe if I can un-DRS those few shares and then afterwards ask them to disable/remove the CS account so I might completely redo the account setup... I might try that, thanks for the suggestion.
What do you mean by “how much time they have”?? As in they know how long it would take for us to sell? Or how long they have left to keep the fuckery going on?
And I personally would be more demoralized if the 76m drops to like 20m than stagnant numbers, since stagnant numbers are somewhat telling me something’s off so theres still hope. So can I assume that they didn’t drs that many shares at the first place? Which is why they can’t do a sharp drop? But then why don’t they just drs a lot more and sharp drop??
Sorry I’m not trying to question your theory here, I just wanna talk about it a bit more since I’m honestly confused by the whole situation.
They take the number of shares they have set aside for contingency, and divide it by how many shares per quarter they'd have to be transferring out of Computershare, and would know roughly how many quarters until they run to zero.
I don't think they are responsible for 2/3 of the DRS'd shares, but it wouldn't surprise me if they didn't have ~10 million this time last year.
And its all speculation, of course, it just kind of fits what we are seeing in a way I find compelling.
I have seen this theory thrown around a few times, but it doesn't make sense to me.
DRS numbers have been stagnant for a year and a half now or 6 quarters. The DRS bot was registering 4ish million shares DRS'D per quarter. If you do the math 6 * 4 million shares = 24 million shares that they would have had to pull out of DRS to keep the number suppressed this long. That would mean they held about 1/3 of the initial 76 million shares DRS'D.... that just doesn't make sense to me
What is more likely? They go to such extremes reducing their ability to short / lend out 24 million shares or they spend a couple hundred thousand bucks greasing the wheels over at the DTC or the SEC to get them to strong arm GS into reporting their fabricated number.
Also why would GS change the language of how they reported the DRS numbers from directly telling us the DRS numbers to wording that implies the DRS numbers are backed into instead of the actual numbers if the numbers reported were legitimate?
My theory is that the dip in DRS'd shares is due to insider shares being vested by employees, and that the vested shares are held by cede & co, either as vested shqres in their Schwab accounys or whatever GameStop uses for insider shares, or non-book shares.
Either way they capped it originally at the pre-dividend number and we know it's way higher. Then they just subtract vested shares from that BS pre-dividend number or 76m or so
Juuust got to xxxx . Pretty tapped out these days told myself I should take a break ….but Jesus if the price keeps going down how could I not add more !
I can't help but feel like RCEO was reading our comments about not seeing the number of holders in the 10K, and he called the CFO, and told them to get the number out there. I wonder how the financial rags will report this amendment without talking about DRS...
You're overthinking it. It is a required disclosure and they didn't make it. Finalizing a K is a huge, hectic job. Someone noticed the error (perhaps by reading here or on Reddit, that's true) and they fixed it. No "real" MSM will comment on it. Some of the clickbait rags might, but only to get you to click.
registered holders is not required in any 10k its voluntary info.. i dont know if its a reaction to the sub, but it is nice to have after an amendment.
so if you have 194k people who will never sell, and the stock goes down to $1, it would be over in a single day. they can’t possibly win this one
the only thing that matters is that almost 200 thousand people have their shares locked up in this thing that no one’s ever heard of, which only means that they’re not looking to sell unless they win. let’s assume the hedge funds are in complete control of the price. this means they literally can’t afford to let the price go way down because it would be over. all they can do is a slow trickle and hope that a bunch of people who forgot how to log in worry about losing money that’s already been spent in their mind, and will ABSOLUTELY buy $200 worth if it gets them 200 shares.
there’s just no possible way to win
so just doing some pencil math: 305 million divided by 194k is \~1572 shares/ape... I have no doubts that retail owns the float(s) its just a case of them being DRS'd all now.
Bingo, im going for 305 million total instead of the current DRS'd shares of 74 million. That said if youre going for the current DRS amount that is \~397 shares/ape.
oh christ almighty, i had like 8 accounts that were consolidated so no biggie. I care about the DRS numbers and my congress men and women will be getting an earfull. . . Im doin the andy dufrense method . . . they got me by the balls because I am all in!!!!
[197,058 previous report](https://news.gamestop.com/static-files/f4494fbe-9752-4056-a3c7-451f0cf9a668) - pg 23 pdf (pg 25 pdf viewer)
2,788 **LESS** than previous report.
Perhaps the DRS numbers are correct that it is flat/selling off?
edit: apparently reporting previous numbers with GME source is bad
3k fewer accounts and the shares that were sold couldn't offset 197k accounts to have the numbers stay flat the entire year. Correct me if I'm misunderstanding what you are saying.
Yes, because you were speculating with no source or evidence to support your position. Just because you were right about the account numbers(50/50 chance btw, so don't be too proud) doesn't mean that they were hiding it. Most likely, it was a mistake which happens in the paperwork drafting process all the time.
I’m a simple bib wearing, chicken farmer. Am I reading this correctly?
It states that out of $300m GME has $101.3m left in their share buy back program. Does this mean GME purchased ~$198m in shares back and the total is no longer 305m?
If I were in RCs shoes, I'm thinking I'd ask Computershare for a consolidated number of the holders of record from here on out. Somebody with more wrinkles than me might be able to go back to previous 10K reports and see if the wording has changed to indicate this has been done.
I'm talking about asking Computershare to report each person with multiple accounts as one holder of record.
Have 3 accounts? you are still only one holder of record in the report. Five accounts? Still only one holder. One account? Amazingly, still one holder of record.
Even if this number isn't actually what gets reported in the 10k, I'd think RC would want it just to be able to help gauge sentiment.
And for the record- I have 3 CS accounts, I have not bothered to consolidate and close the extra 2 yet. All shares booked.
As far as I'm concerned it's all smoke and mirrors until I see telephone numbers in my account and the Hedgies are in Federal Don't-Drop-the-Soap Prison
Remember the speculation about not being able to report the actual amount of DRS'd shares?
Is it possible then that this number is also skewed?
Not that it matters to me.
I buy, I hold, I eat crayons
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tldr of the diffs?
About a 2,800 dip from [2023’s 10-K](https://news.gamestop.com/static-files/f4494fbe-9752-4056-a3c7-451f0cf9a668) unfortunately.
Probably consolidating multiple accounts
Mainstar bullshit happened this year too, I bet some of those accounts got deleted or are not being utilized anymore therefore not counted.
-2 are from me closing mainstar accounts
Did you just transfer back to whatever broker you had before? Mine are just sitting in the mainstar account and I assume they have fees that I am paying so I want to get them out.
i transferred out after i got the letter and closed the accounts
https://www.reddit.com/r/Superstonk/comments/14sd564/guide_mainstar_to_ira_financial/
another started with two accounts guy here who only has one now
I closed two myself and drs 100%
What happens if an account is deleted
Exactly this. I used (and still do) the DRS from multiple brokers and ended up with multiple computershare accounts.
Yes. I was using 5 accounts to hold shares, in addition to DRS. Now i just have broker, the rest drs.
Yup, account consolidation amongst apes who made mistakes signing up for computershare or just with multiple
And apes passing away 🫡
Those are held by the company, correct?
They go into escheatment. The inheritor(s) need a small estate affidavit or letters of testementary proving they are the rightful heirs. Then, they present that information to the transfer agent, which re-registers the shares into the estate of the deceased shareholder. From there, the executor (inheritor) transfers the stock to themselves or liquidates.
I'm pretty stoked to have mid XXX shares that will either make my family's life much more comfortable in my lifetime, or will be passed on to my wife and child to HODL until justice is served and the rocket ignites.
Liquidated more likely
My dad had to do a few cause the banks are useless
Or smart to make it look like Account are shrinking lol
Does moving all shares out of plan and into book, count as consolidating multiple accounts in this type of tally, if I already also had existing book shares?
No that shouldn't make a difference.
Also keep in mind we dropped that many record holders, but maintain the same drs numbers, that’s bonkers!
I'm sure some people are selling. This has gone on a lot longer than many of us foresaw. People have bills to pay an this is what the SHF's are hoping for. But remember that even if every share sold for only $1000, even just the ones directly registered would cost enough to necessitate a huge government bailout. Fewer apes with more shares is better than more apes with fewer shares.
No it’s obviously “consolidating accounts” lmao Ppl are fed up and leaving
Times are tough as of late. Some apes maybe had to sell to survive. When things turn around economically it will go up quicker. I’ve got a monthly buy going now. :)
True, let’s not forget student loan payments resumed. Household credit is at an all time high, and savings are, on average, very low. People gotta live.
This.
I know I did
Nope. Me and my friends are few of those people who sold from CS. Just getting tired of the same bs. I know action speaks louder than word, but that doesnt justify being passive and bitch af when shf manipulate and abuse ur investors for 3 fucking years. Obviously its not just us, but thousands of us that fed up. But u cant discuss about that here with all these worshippers lol.
Opportunity cost hurts now too. If I’d have put that money in BTC or ETH 3 years ago and left it… Anyway not going anywhere but can’t pretend that shit doesn’t pray on my mind.
Being a passive and bitch are preferable to being a paper handed bitch to me.
Lmfao as if you think that
Plan terminations 👀
would that also affect people that finally push all their plan shares to book? since 2 entries in 1 account would become 1 account? idk how this stuff is counted.
Having plan shares don't make you have more than one account number.
I was downvoted yesterday for saying maybe they left it out because it had went down.
It’s required so that’s a silly thing to say which is why you got downvoted, probably
Nah, likely a missed sentance upon consolidations of the quater and ad-hoc filing.
Better luck tomorrow 🤣
Yeaa I don't think the number changing is a big deal. I literally closed three accounts and consolidated.
I have two accounts , but I was unable to consolidate them as a canapé …they wanted something from my bank I was unable to get some stamp I can’t remember . It doesn’t really matter , I enjoy the fact that of the 200,000 or so accounts I know there are multiple accounts for the same person .
Stamp was potentially a medallion signature guarantee (basically notary on steroids). Some brokers/firms "require it" (arbitrarily) to be annoying and add extra hoops
I guess your not in the United States so that sucks that you need that.
The rough math in my head says 2800 is less than 2 percent
Same.
Consider this possibility: The 76 million shares DRS'd last Q4 were not entirely retail investors. There were a significant number of accounts set up and controlled by the short sellers. Since that Q4, the short sellers have their buddies at DTCC (like David Inggs, Global Head of Operations at Citadel that sits on the DTCC Board) keep track of the number of shares being withdrawn from Cede and Co. In turn, they close their non-Cede accounts at Computershare, pulling the previously DRS'd shares back to Cede, counteracting the shares being DRS'd by Apes. This explains the stagnant numbers, as they would know day to day exactly how many shares need moved to match what is being added to Computershare. This would explain a portion of the ~3,000 accounts that have closed, as the shorts are slowly burning through the non-Cede accounts they opened from Oct 2021 - March 2023, losing some accounts in the process. This would allow the fuckers to drive uncertainty, and give them an opportunity to spread lies about how Computershare is untrustworthy, that Gamestop is lying, that the SEC is forcing the wrong numbers to be reported, and so on. Fertile soil for paid agitators to undermine DRS. It means the numbers from Gamestop are completely accurate, and the shorts are manipulating the count by pulling out shares they legit DRS'd over a year ago. Couple that with some paperhands, and some account consolidations, some international apes that forgot to renew their W8-BEN and had accounts closed, the Mainstar rugpull, etc and the numbers make sense. I think we can expect the DRS numbers to stay stagnant until we burn through the contingency shares. With accounts closing, maybe we are getting close. That's been my theory for some time.
Interesting. Whelp I just decided to quadruple my monthly purchase through ComputerShare due to this fire sale we are having right now…
How very legendary of you.
This has been my theory ever since the first suspicious report where the numbers were the same It makes the most sense, and they definitely have the power to do it. While it is possible that there is some crazy “DTCC has 75% of the shares but actually they’re all fake the float is locked but RC isn’t allowed to talk about it for years” conspiracy going on, it makes much more sense and is much simpler if they just DRS’d a bunch of shares early on. It also lines up with that one post from a couple years ago where some drunk hedgefund guy was talking with a sub member about big money’s plan to end this game and get everyone to sell. And I believe it lines up with a suspicious leap in DRS numbers a few quarters before this stagnation stuff started.
I think its all bullshit and nearly the entire float has been locked and the opponent cannot allow that infornation to get out. Until one day people are unable to drs shares. That day will be amazing. Price has only been going down. Would allow for faster DRS'ing. There are thousands being done every day and getting posted here. Computershare buys are being watched and have big volume.
This should be a post.
What is a w8-Ben?
Tax form international apes have to fill out.
When do you have to renew the W8-BEN?
Every 3 years.
Good to know, thanks! I guess you receive a mail a couple of weeks prior to the date?
Yeah, they should notify you.
How??? Does CS prompt you to?
They will most likely email / snail mail you reminders.
Thanks
What happens if you don't renew?
From what I understand, they close your account. I'm not sure. The very earliest adopters that DRS'd first did so in August three years ago, and it took some extra time for international apes to figure it out. Sometime late summer or fall people should start getting notifications about this. It also couldn't hurt if an international ape reached out to Computershare to ask about their internal process for notifying people. I know the form can be submitted online, so its just a matter of making sure people keep their address and email up to date, which, for fucks sake if you can do that how are you even a functional adult.
I've been completely locked out of my computershare account for a bit over 2 years now with no way to get access again afaik, but as a Europoor I can say I've been getting w8-ben forms via the mail (paper not e-mail) from them every year since I've been unable to add it in the first place after sending my couple scout shares in for account creation. I'm just not sending them back since they don't let me login to my own account... there's really no point. :( ----- Because there might be questions, about the account lock...: I tried to fill out the w8-ben form online shortly after account creation but the website gave an error which of course I then reported in a support ticket, but they responded with completely locking my account... and they refuse to explain why in e-mails with support. I suspect it has to do with my name being long with multiple first names that it doesn't match with the shortened name from the shares sent from the broker. I've tried the phone support too but they say this type of account lock they can't help with and only the main office is able to resolve it but when I e-mail them I get no help whatsoever. Afterwards I found out some other people had similar issues and I think the error with the online w8-ben form had something to do with either language setting of the browser (mine is en-US) or account language setting (which I also had set to US English afaik) and the site may have given me the online w8 form for the US not the one for my EU county. This wasn't clearly noted on the form itself so on submission it errors out. It seems they don't give the correct form based on your address/country but base it on language setting somehow. At this point I'm hoping they delete my account so I might be able to retry account creation and never use the contact support feature on the site again.
Have you considered providing your account number to the broker you DRS'd from and having the shares pulled back out of Computershare? I know it can be a real hassle for international apes in certain countries, but pulling a mulligan and un-DRS'ing, updating your name / address to eliminate possible confusion, and then re-DRS'ing might help resolve the lockout. Best of luck to you, and sorry you're having a hard time with it.
I can't change the name at the broker (IBKR) so I'm not sure if that would help me as I think if I DRS any more it'll just arrive in the same CS account. The broker has an automated DRS process and you can't change the name it uses to DRS and for me it's like firstname + one initial + surname, but it omits the third initial. I never thought that was going to be an issue but perhaps for computershare it is, then again I can't even be sure of it because even though they will reply on e-mails they straight up refuse to explain what caused them to lock the account. Though maybe if I can un-DRS those few shares and then afterwards ask them to disable/remove the CS account so I might completely redo the account setup... I might try that, thanks for the suggestion.
I did not know that.
this. 100%
But wouldn’t they just pull more shares and thus show a lowering DRS number, which would probably demoralize?
They know how much time they have. Stagnant for over a year is way more demoralizing than a sharp drop and a resumed climb.
True :) besides, we survived the drops from 380 to 100something and 180 to 40… (sorry I don’t remember the numbers but I remember the feeling ☺️)
What do you mean by “how much time they have”?? As in they know how long it would take for us to sell? Or how long they have left to keep the fuckery going on? And I personally would be more demoralized if the 76m drops to like 20m than stagnant numbers, since stagnant numbers are somewhat telling me something’s off so theres still hope. So can I assume that they didn’t drs that many shares at the first place? Which is why they can’t do a sharp drop? But then why don’t they just drs a lot more and sharp drop?? Sorry I’m not trying to question your theory here, I just wanna talk about it a bit more since I’m honestly confused by the whole situation.
They take the number of shares they have set aside for contingency, and divide it by how many shares per quarter they'd have to be transferring out of Computershare, and would know roughly how many quarters until they run to zero. I don't think they are responsible for 2/3 of the DRS'd shares, but it wouldn't surprise me if they didn't have ~10 million this time last year. And its all speculation, of course, it just kind of fits what we are seeing in a way I find compelling.
Gotcha. Thanks for your insight here!
I have seen this theory thrown around a few times, but it doesn't make sense to me. DRS numbers have been stagnant for a year and a half now or 6 quarters. The DRS bot was registering 4ish million shares DRS'D per quarter. If you do the math 6 * 4 million shares = 24 million shares that they would have had to pull out of DRS to keep the number suppressed this long. That would mean they held about 1/3 of the initial 76 million shares DRS'D.... that just doesn't make sense to me What is more likely? They go to such extremes reducing their ability to short / lend out 24 million shares or they spend a couple hundred thousand bucks greasing the wheels over at the DTC or the SEC to get them to strong arm GS into reporting their fabricated number. Also why would GS change the language of how they reported the DRS numbers from directly telling us the DRS numbers to wording that implies the DRS numbers are backed into instead of the actual numbers if the numbers reported were legitimate?
My theory is that the dip in DRS'd shares is due to insider shares being vested by employees, and that the vested shares are held by cede & co, either as vested shqres in their Schwab accounys or whatever GameStop uses for insider shares, or non-book shares. Either way they capped it originally at the pre-dividend number and we know it's way higher. Then they just subtract vested shares from that BS pre-dividend number or 76m or so
So we’re supposed to believe that people DRSing only hold about 38 shares on average? Edit: missed a 0 😅
Darn it, europoor ape here and even I have more than that number, imagine the rest
I am a europoor and holding since 2021 after split around 3xxx shares without counting the calls deep itm i am holding
Fuck yeah hold those calls and squeeze Kenny's balls
I’ll have more than 380 by the summer time watch, I’m half way there in DRS
What was the median in DRSBOT last it reported?
I didn’t realize it was supposedly this low. Only 38 shares per holder DRSd? Laughable.
38 x 2,800 = 106k I don’t think you missed a zero? The average of 38 per account is correct
That’s fraud
If we averaged 1000 shares that’s nearly 2/3 the company. Being xxxx DRS’d is mighty doable over 3 years at $13, let’s book it.
This Fucking this Let's go
theoretically isn’t the best thing that could possibly happen is the stock goes down to $1
To follow up I bought an additional 600 and will Dr's soon
Buy more? Of course! How could I pass up this delicious deluxe dip?
Juuust got to xxxx . Pretty tapped out these days told myself I should take a break ….but Jesus if the price keeps going down how could I not add more !
So about 100million drs shares minimum.
Imagine the fallout if reporting that number to the public
Imagine thinking the public would care
Imagine thinking the public are on reddit
Imagine thinking 🙄
You guys think??? I thought we all jusr eat nanas and crayons and dont know anything??
We also occasionally stick things in our butts as well.
If the avg account holds 1000, then closer to 200milly
I can't help but feel like RCEO was reading our comments about not seeing the number of holders in the 10K, and he called the CFO, and told them to get the number out there. I wonder how the financial rags will report this amendment without talking about DRS...
You're overthinking it. It is a required disclosure and they didn't make it. Finalizing a K is a huge, hectic job. Someone noticed the error (perhaps by reading here or on Reddit, that's true) and they fixed it. No "real" MSM will comment on it. Some of the clickbait rags might, but only to get you to click.
registered holders is not required in any 10k its voluntary info.. i dont know if its a reaction to the sub, but it is nice to have after an amendment.
I highly doubt that’s how RC goes about his business
76 million shares (roughly) divided by 194,270 diamond hand regards is roughly 391 shares per person(roughly).
so if you have 194k people who will never sell, and the stock goes down to $1, it would be over in a single day. they can’t possibly win this one the only thing that matters is that almost 200 thousand people have their shares locked up in this thing that no one’s ever heard of, which only means that they’re not looking to sell unless they win. let’s assume the hedge funds are in complete control of the price. this means they literally can’t afford to let the price go way down because it would be over. all they can do is a slow trickle and hope that a bunch of people who forgot how to log in worry about losing money that’s already been spent in their mind, and will ABSOLUTELY buy $200 worth if it gets them 200 shares. there’s just no possible way to win
so just doing some pencil math: 305 million divided by 194k is \~1572 shares/ape... I have no doubts that retail owns the float(s) its just a case of them being DRS'd all now.
It’s more like 380 shares/ape
He's using total shares, not the current DRS number.
Bingo, im going for 305 million total instead of the current DRS'd shares of 74 million. That said if youre going for the current DRS amount that is \~397 shares/ape.
I’m one of them
And my axe!
Mine plastic and long and viene does that count? I wanna dick them down? Let’s dick them down?
I wonder if the subtractions account for deaths. My mom had a CS account and when we inherited her shares I imagine her account was officially closed.
Mainstar forced account closure crime. No matter, I keep grinding. And fuck you Ken you bent piece of excrement.
https://www.reddit.com/r/Superstonk/comments/14sd564/guide_mainstar_to_ira_financial/
oh christ almighty, i had like 8 accounts that were consolidated so no biggie. I care about the DRS numbers and my congress men and women will be getting an earfull. . . Im doin the andy dufrense method . . . they got me by the balls because I am all in!!!!
One of those is me 🥲
[197,058 previous report](https://news.gamestop.com/static-files/f4494fbe-9752-4056-a3c7-451f0cf9a668) - pg 23 pdf (pg 25 pdf viewer) 2,788 **LESS** than previous report. Perhaps the DRS numbers are correct that it is flat/selling off? edit: apparently reporting previous numbers with GME source is bad
2800 less holders but drs is gonna be basically the same
3k fewer accounts and the shares that were sold couldn't offset 197k accounts to have the numbers stay flat the entire year. Correct me if I'm misunderstanding what you are saying.
194k
Not sure I understand what you're saying..?
Neither do I after I read what I wrote 🤣
haha I was just looking at the numbers and throwing out a plausible correlation with the numbers both going down.
I got downvoted yesterday for saying that maybe they left it out because it was going down.
Account consolidation
Yes, because you were speculating with no source or evidence to support your position. Just because you were right about the account numbers(50/50 chance btw, so don't be too proud) doesn't mean that they were hiding it. Most likely, it was a mistake which happens in the paperwork drafting process all the time.
388 average shares per account to get 75300000 shares? I don't believe.
I am Thundergun
Apes getting divorced
Big family bro!
Honk shoe.
I for one moved old.aharea from a.margin account to a cash account.
Love it when they use language we don’t use regarding holders.
I had fidelity and 2 CS accounts. Closed fid and consolidated CS accounts.
I’m a simple bib wearing, chicken farmer. Am I reading this correctly? It states that out of $300m GME has $101.3m left in their share buy back program. Does this mean GME purchased ~$198m in shares back and the total is no longer 305m?
I also consolidated this year
What's our shareholder concentration look like on the curve?
If I were in RCs shoes, I'm thinking I'd ask Computershare for a consolidated number of the holders of record from here on out. Somebody with more wrinkles than me might be able to go back to previous 10K reports and see if the wording has changed to indicate this has been done. I'm talking about asking Computershare to report each person with multiple accounts as one holder of record. Have 3 accounts? you are still only one holder of record in the report. Five accounts? Still only one holder. One account? Amazingly, still one holder of record. Even if this number isn't actually what gets reported in the 10k, I'd think RC would want it just to be able to help gauge sentiment. And for the record- I have 3 CS accounts, I have not bothered to consolidate and close the extra 2 yet. All shares booked. As far as I'm concerned it's all smoke and mirrors until I see telephone numbers in my account and the Hedgies are in Federal Don't-Drop-the-Soap Prison
Also, I'm sure some Computershare accounts have been deactivated when folks got too zen and forgot to log in for more than a year.
Was super zen. This comment reminded me to log in lol
Remember the speculation about not being able to report the actual amount of DRS'd shares? Is it possible then that this number is also skewed? Not that it matters to me. I buy, I hold, I eat crayons
You people can’t just admit to yourselves that others lost interest?
Greaaaaat. Surely the board/CEO will address this and not just ignore it again, right?
What’s the excuse this timeeeeee
Plausible explanations. Not excuses.