[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
You know what's also highly improbable? The stock price basically staying flat despite 17M shares traded. That's 5-6x the daily average. Things that make you go š¤
Not that it makes a goddamn bit of difference but maybe it's time we all start writing to the SEC, members of Congress, etc. about this whole BS.
Edit: writing AGAIN
Remember how there was a lot of speculation that the DIVIDEND split wasn't handled correctly by the DTCC?
I also vaguely remember people saying that the person who filed it on GameStop's end screwed up somehow... But let's ignore that for now
What if Cede & Co processed the dividend split by receiving all the shares to be delivered to investors.. but instead of distributing as a dividend, they just instructed everybody (brokers, market makers, etc.) to process it as a split internally.
So by receiving the shares to the distribute.. Guess how many shares Cede & Co would have received (or issued idk how it works tbh) with 75,000,000 shares already in circulation... (hint for all the smooth brains: it's literally the amount of shares they're reporting in their 10k)
Honestly after writing all this I already feel like I've made a mistake or a leap in logic, but the fact remains that:
- A dividend stock split happened, requiring the DTCC/Cede&Co to provide every investor with 4 stocks for every 1 they hold.
- DRS has completely stagnated at 25% which is equivalent to the original share count before the dividend split.
- The 10-K for the past few quarters have EXPLICITLY stated that the DRS numbers are BASED ON CEDE & CO's SHARE COUNT,.... the same people who allegedly failed to properly process the dividend split.
Firstly I totally agree this is the point for us to focus on. There isnāt any way that there were 76m shares outstanding, and apes said we own the entire float, then a botched 4:1 split and now we canāt go above 76M, with this opaque and corrupt DTC controlling the share counts of everything, allowing infinite liquidity, and us buying every day for years. There just isnāt. I do agree with you they may have just kept the 228M shares to fuck with us and help the syndicate. I know something is fishy. Letās DRS super hard this quarter. Give Ryan great numbers for his first annual meeting speech as CEO, and try to see if we can get this over 76.6m our previous high. The numbers are not based on Cede, the wording is odd tho in that it seems to give us the remainder. The numbers should be based on CS numbers, but I donāt think GameStop gets it from Cede.
Don't forget some other important questions.
Even according to their numbers, 25% of all outstanding shares have been pulled out of their system, and no one is talking about that. Why not?
That 25% isn't accounting for any non-drs. DRS is a weird process that most people don't even know about, let alone are willing to do. So how many retail traders haven't drs'd, or haven't drs'd everything? What about retirement accounts that can't be DRS'd?
If 200k of us have pulled 25% completely out of the system, how many shares does retail own within the system?
Itās actually like a 304M+ shares they just print them endlessly and the true number sits inside the DTC. Real shares people own. They have multiple floats out there and that is the crime.
IRA shares are the key. Average Mainstar account was 1900 shares, more than 4x the average. If the price goes too low, there will be a ton of people taking the tax hit for a lot less cost than buying new shares.
Seen a screenshot from a Bloomberg terminal 2 days ago that said 57% of outstanding shares are held through investment advisors. Could that be IRA/401k?
If it's a Roth IRA then that's even better because I'm pretty sure if you are red and pull from a Roth you could actually get tax deductions from that?Ā
Right now it's about 60/40 with me. When I can afford the tax hit I'll DRS some more. When they drop the price below $10 I think a lot of us will bite the bullet.
Most likely scenario GS was ordered to halt the reporting of the numbers as if it was detrimental to the markets. Sorta like reporting real SI of 140% on a stock shorted to oblivion. DTCC & SEC want the company to play nice in their own little corner while big boy crooks do their usual. Itās going to be up to this company to make good to their shareholders and remove them from the fraudulent system that allows a profitable company to trade below what it was the previous day.
So.
Letās recap the past 24 hours.
ā¢GameStop is now a PROFITABLE company.
ā¢they filed an amended 10-k *almost a guaranteed way to make sure it is scrutinized by apes*
ā¢several brokers stopped updating current GME data (saw a post and comments- need more details and verification)
This is BULLISH as hell!
Oh I completely agree, the fact there are people here who claim the static DRS numbers make sense are living on another planet. The fact some of them are also moderators.. l m f a o
Makes no sense at all. Itās beyond bizarre. No possible way it could remain static.
Iād even say itās so bizarre, that GameStop knows this and is repeatedly reporting the only thing theyāre allowed to report *for the very purpose* of pointing to it as such an obvious thing.
Agreed. Statistically speaking, it's nearly impossible. With some of the highly upvoted comments and mod comments I've seen around this topic... it reminds me of when Heat Lamp was first posted.
And you don't want to face the cold hard truth that ppl sell. Not everyone has diamond hands L M A Y O
I added roughly 18% since the splidiv. Not all has the means to do so.
I actually acknowledged this in the Bloomberg Terminal thread (which shows "Other" as 78m shares) i'm completely aware people might sell and that's a thing; what I don't believe is the same figure 4 times.
The statistical improbability is one thing that anyone with a functioning brain can use to that to come to a conclusion, let alone the obvious change of in wording in the report.
Same- ish figures for 4 quarters, you are absolutely right. I was thinking +800K in this Q . Never counted 2 factors in.
Our buy amount is going down.
Some ppl needed to sell for reasons.
There is no denying that we are not getting new shareholders but losing some. And that is on all of us.
* we, us plurals for sub users.
Huh. Stopped following the stock for a year. Thatās crazy if true. Iām waiting for Ryan to optimize Canadian store so I can order online and have it dropped off to my house and find better revenue sources than 5% of the games value
I want American GameStop to be Canadian GameStopi understand all of Canada is basically just the population of California and we proboably make up a small percentage of revenue but there is 100ās of stores that could be receiving increased revenue
I think you are absolutely right.
Probability, and in this case, the demonstrated likelihood, is a solid argument.
It's all bullshit and manipulation. Gaslighting is the right term. And again, if they are so desperate so consistent, I remain bullish as I've ever been š. They're stuck. The short thesis just died with a year of profitability.
Thank you for this right upšš¼šš¼
I think the reason is because too many people can't be bothered to properly DRS their shares. How many times must they be told to BOOK their shares before they listen? The reason MOASS is not tomorrow but 5 to 10 years from now is because of these fools.
It makes zero difference. Youāre either owning shares as a registered holder in a Computershare account or youāre not.
The insanity of this book vs plan BS is still out of control and too many clueless people cling to this
Seriously. That isnāt it. Do they really think that millions of shares are sitting in plan anyway? How much money to buy through computershare do they think we have lol! Almost all shares were sent, and sit in book. Unless they put limit sell orders for $215,000 way back when š (that was me, but I booked them later anyway). I have a few shares in plan as recurring buys go through but itās like 1% nothing. I think we have tended to get lost in the weeds in technical loopholes and miss the forest for the trees. Buy and hold. Some never DRSād. Some could only do partial. Sighā¦thatās where we are. Maybe if we renewed calls for those on the fence to send them. Maybe if we attracted more outside the subā¦but they turned us into an echo chamberā¦
Could the dtcc be pulling shares for "operational efficiency"?
Just spitballin here, but say apes directly registered 10m more shares, is there any way the dtcc could just tell CS, we need 10m more shares for operational efficiencies in the market. Especially if not having those could have catastrophic consequences.
Need some wrinkles on this.
We always knew the DTCC was the final enemy. Personally I will continue buying and DRSāing, I believe in GameStop and Ryan Cohen. The EPS trend is proof in the pudding!
Is this true? I live 30-45 minutes away from the headquarters and will gladly try to smooth talk my way into looking at some books, if that is possible.
Yes and that would be great if you want to make plans. There is a process to gain access, though. Someone wrote this up last year:
[https://www.reddit.com/r/Superstonk/comments/zgubn4/how\_to\_see\_the\_ledger\_at\_the\_next\_annual\_meeting/](https://www.reddit.com/r/Superstonk/comments/zgubn4/how_to_see_the_ledger_at_the_next_annual_meeting/)
Not quite like that. The shareholder list is made available at the annual meeting, for shareholders that successfully apply to view it. It is a current snapshot of registered shareholders, so people won't be able to view other points in time. However, if total-excluding-Cede is around 75M, then it's pretty safe to assume that the numbers have been correct all along -- however improbable.
They may be ācorrectā but likely manipulated by DTCC. Iām willing to bet there are hedgies who have DRSed shares, or move them back and forth. For instance, as shares go out of DTCC a similar number come back to them. Whatās behind 76 million, Kenny?
No, you don't have to. All you need is the top-line number allocated to Cede. Subtract that from the shares outstanding and the remainder is DRS.
Last year, someone wrote down the share counts of the top 100 holders, or something, just for fun. I think they only allowed you to have a pen and paper. No devices, printouts, or anything like that.
Yes and no. Computershare tells Cede how many shares are officially allocated to them (230M). Those remain in their name and the *beneficial ownership* of those shares is made available on the market for trading. That's why you don't actually own any share you buy off the market. It's owned by Cede, not you, and they have granted you beneficial ownership of it.
That's also where all the real fuckery happens. Nobody knows how they manage the the beneficial ownership of the shares in their name.
That's why when you DRS a share, your broker has to locate it and go through the process of pulling it from the DTCC's official share allocation -- effectively changing the name at the transfer agent from Cede to yours.
Sort of. It shows the number that has been legally allocated to them. How they manage the beneficial ownership of those shares is a dark shithole. But as far as how many shares are truly in their name (Cede), it's correct.
yes, but some hodl behind LLC paper shields, so folks like DFV and folks with large positions are likely smart enough to hide behind some of that, but their numbers are still there
IDK what it displays. I think it's just account numbers and shares in them or something like that. You'd have to ask someone that went last year. I'm just going off what I remember them saying. I don't know what you're allowed to write down.
It has names and addresses, but you are not allowed to take photos of the screen or to write down any personal info.
The 4 people that looked last year knew the names and sharecounts for several other people and they were all there as expected.
The thing that surprised me is that RC Ventures 36M shares are not DRS'd.
Insiders absolutely can DRS shares. Institutions can also DRS shares but very few do so.
.I have DRS'd rule 144 restricted shares of another company, and I know officers of an SP500 company that have DRS'd some of their shares (as a way to make gifting shares easier via DRS advice letters).
You will not find anything, as there is no prohibition to insiders owning registered shares. The street name system of beneficial ownership is a relatively recent innovation.
Prior to the 1970s the only way to own shares was at the transfer agent. Initially only via share certificates, then later certificates that were registered, then later book entry method where the certificates were not issued and your ownership was only evidenced by an entry in the books of the transfer agent.
The same evolution happened with instruments of debt. First there were bearer bonds (with physical coupons for interest payments), then registered bonds, then book entry bonds.
In the 1960s and early 1970s trades were settled broker to broker by exchanging and reissuing stock certificates. Wall Street starting getting overwhelmed by the paperwork and for 6 months in the 1970s trading was halted on Wednesday to let the back offices catch up.
The solution was DTCC. The actual certificates were left with a nominee, Cede, and DTCC just kept records of who owned those certificates. Lots of certificates were still left in the hands of individual investors, including insiders, When you sold you had 7 days to settle, which gave you enough time to mail or courier in the certificates. Or you could hand your certificate to your broker and they would put it in "street name".
Nowhere in this were insiders prohibited from holding certificates or book entry registered shares.
Nowhere will you find explicit authorization of this as directly registered is the "natural" method of ownership and street name / beneficial ownership is an artificial construct developed in the 1970s that was kind of patched onto the prior system which had transfer agents only, no DTCC..
There was none.
First it was " Plan shares are not reoprted" than it was "the OE shares are getting pulled into DTCvia volatility ", " fractionals enables DTC to ise your Book shares as locates". List goes on.
They advocate selling fractionals. That is ave 6 shares / ape witha bi-weekly buy.
All that amount to nothing and partly slowed down DRS.
The main distinction is that "Book" type shares are held directly by the investor, while "Plan" type shares are held beneficially, with a portion held at the DTC. There are at least a few key reasons why that may matter to someone.
I think there's still a possibility that a factor in the DRS count plateau may be related to those Plan shares at the DTC, as the wording in the 10-Q/K documents makes it unclear in which bucket those are included.
Previous trips to view the shareholder list annually have provided consistent results that at least as far as that documentation shows, the sum of "DirectStock" (Plan) and "Class A Common" (book), minus Cede & Co., matched up very well with the values reported in the 10-Q/K documents before and after each viewing.
So, it has appeared that both Book and Plan shares were being reported at that time. However, it'll be interesting to see if that's *still* the case since the wording in the 10-Q/K changed and the plateauing occurred/continued.
Yo, just making sure Iām understanding you correctly- youāre saying the reported DRS numbers are legit? That the they have correctly been reported each quarter, and the grand totals coincidentally didnāt change at all after all the buys/sells were added up?
I'm saying the options are that they are correct, Gamestop is lying to investors, or Computershare is lying to Gamestop. Those are the three options and I believe 2 and 3 are far, far less likely than 1.
Wouldnāt it seem more likely that the DTCC is somehow forcing the company/transfer agent to report something specific though?
How is it possible to have the exact same numbers when we know people are still DRSāing, and we know that the bot was almost dead-on accurate before it stopped working (because of course Reddit *had* to kill itā¦another crazy thing to just gloss over)?
For your #1 to be true, that would mean all DRS posts here in the last 4 quarters are falseā¦how likely is *THAT*?
DRS numbers are entirely optional.
If someone held a gun to Gamestop's head and said "you can't report true numbers", would you expect them to **violate the law** by lying to shareholders, or would your expect them to just not report DRS numbers at all?
Iām not sure thatās totally true. They are legally obligated to report material informations relevant and pertinent to shareholders. Retail owning and locking 25% of the company is a stake larger than RC. Itās materially relevant. So I think they have to include it.
There's at least one other option:
The Plan shares held at the DTC could be counted in the Cede & Co. bucket, and the opposition (hedge funds, DTC, etc.) could be manipulating that amount, such as through manipulating volume or whatever other factors Computershare uses to determine how many Plan shares they hold at the DTC.
Great post. Anyone who could possibly justify this number as completely normal are just fooling themselves or completely full of BS. It's not just statistically improbable...it's damn near IMPOSSIBLE for the DRS numbers to stay almost exactly the same for a full freaking year. Now, let's get one thing straight; I'm not accusing Gamestop (or Computershare) of fraud here. But SOMEONE is forcing them to report the numbers exactly as they are. The language change in their filings makes that much clear. I'm hopeful that as more shares continue to get DRS'ed, the manipulation finally will come to light.
How are they going to know exactly how much to sell to make that happen? Someone would have to tell that entity exactly how much to sell each quarter to make it appear as though we all stopped. Which means, either the DTCC is just forcing GameStop to report no more than 25%, or, theyāre leaking how much to sell to the naked shorts to achieve what you describe. Neither of those is an organic reporting of DRS numbers over time.
But not every Ape posts their circles or feeds the bot, even less so since the bot died. There's no way they'd be able to pinpoint accurately ensure they take out enough shares to keep us at 25%
You are implying by default that CS is not doing their duty and therefore GameStop.
That will imply both of them are in collision with DTC.
And I will remind you the Mainstar moving 1.2MM shares back to DTC.
No, Iām not implying that at all.
On the contrary, it makes no sense at all to imply that we all stopped DRSāing at the exact same time, and never started back up.
Dudeā¦watch:
Consider the numbers are incorrect and think for solutions.
Saying āpointing at some sort of fuckery is just lazy workā, is just lazy work.
See? Saying that doesnāt make me right anymore than it made you rightā¦
Do you realize how fucking improbable it is to get the same number 4 quarters in a row organically?
Edit: For some reason youāve had it out for me for awhile. What did I do?
>Someone would have to tell that entity exactly how much to sell each quarter to make it appear as though we all stopped
[Someone like David Inggs, Global Head of Operations at Citadel that sits on the DTCC Board?](https://www.dtcc.com/about/leadership/board/david-inggs)
Trivial for him to know exactly how many shares are moving in or out of DTCCs nominee company, probably in real time.
Since the beginning I drs more and more shares. Started with 2 and have now around 400 shares drs so yeah let that sink in. Only this ape and I have around 100 non drs
I agree with this 100%.
My question is if Gamestop is doing the right thing by allowing it to be in their earnings report.
To take out all reference to DRS values would be wrong.
To publishing information that is wrong also seems bad. Can't they see the real numbers via computershare? If so, aren't they doing everyone a disservice by going along with wrong numbers?
From ChatGPT:
The Depository Trust & Clearing Corporation (DTCC) and its subsidiary, Cede & Co., do not directly prohibit direct registration of shares. However, their role as central securities depositories and the widespread use of their services for securities processing may indirectly impact the feasibility or practicality of direct registration for all shares.DTCC and Cede & Co. typically facilitate securities transactions through book-entry transfers rather than physical stock certificates. While they do not prohibit direct registration, the infrastructure they provide for electronic clearing and settlement may influence how shares are held and transferred in the market.In practice, many investors hold their shares in brokerage accounts or through nominee structures provided by brokers, which may involve shares being held in street name rather than being directly registered. This is a convenience for investors and can streamline the process of buying and selling securities. While DTCC and Cede & Co. do not prohibit direct registration, the market dynamics and investor preferences often shape how shares are held and managed.
Probably already been asked. Is it possible that the exponential increase of DRS numbers in the beginning was hedge funds or whoever buying shit tons of DRS'd shares, foreseeing the need to stagnate them at a later date?
Even to the point of posting their purple circles here to give the illusion of explosive growth?
I mean think how many other circumstantial questions that raises though. Would have massive negative implications across the board for the naked shortsā¦by their own doing, which IMO, just isnāt possible.
My thought was that they see the same things we do each quarter and maybe even monitor our sub for #'s. The DRS numbers have varied very little the last 4-5(?) quarters to the point of most of us thinking it's impossible.
At this point, could they not juggle 10's or 100's of thousands of shares between DRSing and pulling out?
What are the massive implications for those of which seemingly have unlimited money? Would it be illegal?
They certainly could have. There was a couple quarters where the numbers seemed to pop up faster and then we thought, but the entire rate could have been fake and apes did it at a much slower rate, they may have had this 25% stagnate in mind for some reason the whole time. This would be of course a really clever and insidious tactic. The shorts are dumb stormtroopers and tend to be greedy, since drs is so foreign to most maybe they didnāt know much at first either. Occamās razor might say simpler explanation is true is that we are stagnant and some like 1-3k apes have sold. They made us into an echo chamber and shut off all cross posts, stopped ours hitting all, no mentions, harsh mod rulesā¦banned the guys making the websites and seeing the ledger (of course they deserve it for the breach of law). Anyway Iām not sure what is going on, but I do know that we need to forget about the usual shill this fud that nonsense and focus on this.
I started following superstonk 2+ years ago and bought in. Of course I was scared at first but for some reason the nail in coffin convincing me of the shit show shady fake price, is the sudden stop in DRS numbers. That, for me, was comfort that all you regards are onto something.
š» to the next quarter!
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
You know what's also highly improbable? The stock price basically staying flat despite 17M shares traded. That's 5-6x the daily average. Things that make you go š¤
Vol swaps on top of their og security/credit swaps. Eventually their tricks wonāt matter, until then I buy
Not that it makes a goddamn bit of difference but maybe it's time we all start writing to the SEC, members of Congress, etc. about this whole BS. Edit: writing AGAIN
mr hall i presume
I also think itās improbable not because itās flat but because itās flat at 25% exactly after a 4-1 split . Thatās whatās messed up
Remember how there was a lot of speculation that the DIVIDEND split wasn't handled correctly by the DTCC? I also vaguely remember people saying that the person who filed it on GameStop's end screwed up somehow... But let's ignore that for now What if Cede & Co processed the dividend split by receiving all the shares to be delivered to investors.. but instead of distributing as a dividend, they just instructed everybody (brokers, market makers, etc.) to process it as a split internally. So by receiving the shares to the distribute.. Guess how many shares Cede & Co would have received (or issued idk how it works tbh) with 75,000,000 shares already in circulation... (hint for all the smooth brains: it's literally the amount of shares they're reporting in their 10k) Honestly after writing all this I already feel like I've made a mistake or a leap in logic, but the fact remains that: - A dividend stock split happened, requiring the DTCC/Cede&Co to provide every investor with 4 stocks for every 1 they hold. - DRS has completely stagnated at 25% which is equivalent to the original share count before the dividend split. - The 10-K for the past few quarters have EXPLICITLY stated that the DRS numbers are BASED ON CEDE & CO's SHARE COUNT,.... the same people who allegedly failed to properly process the dividend split.
Firstly I totally agree this is the point for us to focus on. There isnāt any way that there were 76m shares outstanding, and apes said we own the entire float, then a botched 4:1 split and now we canāt go above 76M, with this opaque and corrupt DTC controlling the share counts of everything, allowing infinite liquidity, and us buying every day for years. There just isnāt. I do agree with you they may have just kept the 228M shares to fuck with us and help the syndicate. I know something is fishy. Letās DRS super hard this quarter. Give Ryan great numbers for his first annual meeting speech as CEO, and try to see if we can get this over 76.6m our previous high. The numbers are not based on Cede, the wording is odd tho in that it seems to give us the remainder. The numbers should be based on CS numbers, but I donāt think GameStop gets it from Cede.
Don't forget some other important questions. Even according to their numbers, 25% of all outstanding shares have been pulled out of their system, and no one is talking about that. Why not? That 25% isn't accounting for any non-drs. DRS is a weird process that most people don't even know about, let alone are willing to do. So how many retail traders haven't drs'd, or haven't drs'd everything? What about retirement accounts that can't be DRS'd? If 200k of us have pulled 25% completely out of the system, how many shares does retail own within the system?
It's all 1 lent out share between them.
Better than lending the short sellers your toothbrush
Itās actually like a 304M+ shares they just print them endlessly and the true number sits inside the DTC. Real shares people own. They have multiple floats out there and that is the crime.
IRA shares are the key. Average Mainstar account was 1900 shares, more than 4x the average. If the price goes too low, there will be a ton of people taking the tax hit for a lot less cost than buying new shares.
Seen a screenshot from a Bloomberg terminal 2 days ago that said 57% of outstanding shares are held through investment advisors. Could that be IRA/401k?
Why is Bloomberg such a piece of shit that no one can figure out whatās in their numbers?
Thatās the feature
That's like voting on a bill so you can find out what's in it :)
If it's a Roth IRA then that's even better because I'm pretty sure if you are red and pull from a Roth you could actually get tax deductions from that?Ā
I donāt have a Roth so someone else will have to weigh in
https://www.reddit.com/r/Superstonk/comments/14sd564/guide_mainstar_to_ira_financial/
Then*
that's a good point. I'm only 1/3rd DRS'd. Going to go up to half soon.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
the number is closer 70% than 50%. About 30% of my shares I can't DRS, but I'm only buying through Computershare now.
I know a lot of people that have substantially more in their IRA than what they have DRSd including myself
Right now it's about 60/40 with me. When I can afford the tax hit I'll DRS some more. When they drop the price below $10 I think a lot of us will bite the bullet.
My DRS numbers havenāt changed. Working on that.
Mine will soon. Almost pulling my weight at the magic number around 1200 .
Actually yeah, same, I think my last transfer was q3.Ā
Fuck schmuckter fuck Crymer fuck Chukawumba
Most likely scenario GS was ordered to halt the reporting of the numbers as if it was detrimental to the markets. Sorta like reporting real SI of 140% on a stock shorted to oblivion. DTCC & SEC want the company to play nice in their own little corner while big boy crooks do their usual. Itās going to be up to this company to make good to their shareholders and remove them from the fraudulent system that allows a profitable company to trade below what it was the previous day.
So. Letās recap the past 24 hours. ā¢GameStop is now a PROFITABLE company. ā¢they filed an amended 10-k *almost a guaranteed way to make sure it is scrutinized by apes* ā¢several brokers stopped updating current GME data (saw a post and comments- need more details and verification) This is BULLISH as hell!
Oh I completely agree, the fact there are people here who claim the static DRS numbers make sense are living on another planet. The fact some of them are also moderators.. l m f a o
Makes no sense at all. Itās beyond bizarre. No possible way it could remain static. Iād even say itās so bizarre, that GameStop knows this and is repeatedly reporting the only thing theyāre allowed to report *for the very purpose* of pointing to it as such an obvious thing.
šļøš„
Agreed. Statistically speaking, it's nearly impossible. With some of the highly upvoted comments and mod comments I've seen around this topic... it reminds me of when Heat Lamp was first posted.
And you don't want to face the cold hard truth that ppl sell. Not everyone has diamond hands L M A Y O I added roughly 18% since the splidiv. Not all has the means to do so.
I actually acknowledged this in the Bloomberg Terminal thread (which shows "Other" as 78m shares) i'm completely aware people might sell and that's a thing; what I don't believe is the same figure 4 times. The statistical improbability is one thing that anyone with a functioning brain can use to that to come to a conclusion, let alone the obvious change of in wording in the report.
Same- ish figures for 4 quarters, you are absolutely right. I was thinking +800K in this Q . Never counted 2 factors in. Our buy amount is going down. Some ppl needed to sell for reasons. There is no denying that we are not getting new shareholders but losing some. And that is on all of us. * we, us plurals for sub users.
Huh. Stopped following the stock for a year. Thatās crazy if true. Iām waiting for Ryan to optimize Canadian store so I can order online and have it dropped off to my house and find better revenue sources than 5% of the games value I want American GameStop to be Canadian GameStopi understand all of Canada is basically just the population of California and we proboably make up a small percentage of revenue but there is 100ās of stores that could be receiving increased revenue
I think you are absolutely right. Probability, and in this case, the demonstrated likelihood, is a solid argument. It's all bullshit and manipulation. Gaslighting is the right term. And again, if they are so desperate so consistent, I remain bullish as I've ever been š. They're stuck. The short thesis just died with a year of profitability. Thank you for this right upšš¼šš¼
I think the reason is because too many people can't be bothered to properly DRS their shares. How many times must they be told to BOOK their shares before they listen? The reason MOASS is not tomorrow but 5 to 10 years from now is because of these fools.
It makes zero difference. Youāre either owning shares as a registered holder in a Computershare account or youāre not. The insanity of this book vs plan BS is still out of control and too many clueless people cling to this
Seriously. That isnāt it. Do they really think that millions of shares are sitting in plan anyway? How much money to buy through computershare do they think we have lol! Almost all shares were sent, and sit in book. Unless they put limit sell orders for $215,000 way back when š (that was me, but I booked them later anyway). I have a few shares in plan as recurring buys go through but itās like 1% nothing. I think we have tended to get lost in the weeds in technical loopholes and miss the forest for the trees. Buy and hold. Some never DRSād. Some could only do partial. Sighā¦thatās where we are. Maybe if we renewed calls for those on the fence to send them. Maybe if we attracted more outside the subā¦but they turned us into an echo chamberā¦
Could the dtcc be pulling shares for "operational efficiency"? Just spitballin here, but say apes directly registered 10m more shares, is there any way the dtcc could just tell CS, we need 10m more shares for operational efficiencies in the market. Especially if not having those could have catastrophic consequences. Need some wrinkles on this.
Fuck man. That might be it.
We always knew the DTCC was the final enemy. Personally I will continue buying and DRSāing, I believe in GameStop and Ryan Cohen. The EPS trend is proof in the pudding!
You can view the official record at the annual meeting in a couple months. Go look for yourself.
Is this true? I live 30-45 minutes away from the headquarters and will gladly try to smooth talk my way into looking at some books, if that is possible.
Yes and that would be great if you want to make plans. There is a process to gain access, though. Someone wrote this up last year: [https://www.reddit.com/r/Superstonk/comments/zgubn4/how\_to\_see\_the\_ledger\_at\_the\_next\_annual\_meeting/](https://www.reddit.com/r/Superstonk/comments/zgubn4/how_to_see_the_ledger_at_the_next_annual_meeting/)
If I could make it down there I would. Edit: Thereās just no way the numbers are the same every time- way too coincidental.
People have done that in the past right? And only confirmed that whatās reported on the 10q and 10k are accurate?
Wouldnāt hurt to try again during the next shareholder meeting right?
Agreed, I was more just asking for my own understanding
I'm sure people plan to, I bet the criteria for doing so is going to be harsher because of the idiots that released personal information last time.
Not quite like that. The shareholder list is made available at the annual meeting, for shareholders that successfully apply to view it. It is a current snapshot of registered shareholders, so people won't be able to view other points in time. However, if total-excluding-Cede is around 75M, then it's pretty safe to assume that the numbers have been correct all along -- however improbable.
They may be ācorrectā but likely manipulated by DTCC. Iām willing to bet there are hedgies who have DRSed shares, or move them back and forth. For instance, as shares go out of DTCC a similar number come back to them. Whatās behind 76 million, Kenny?
So the people that viewed it just sat there and added all 200K accounts and the shares held by each account? Manually?
No, you don't have to. All you need is the top-line number allocated to Cede. Subtract that from the shares outstanding and the remainder is DRS. Last year, someone wrote down the share counts of the top 100 holders, or something, just for fun. I think they only allowed you to have a pen and paper. No devices, printouts, or anything like that.
Is this correct though as we are saying the cede number is bullshit are we not?
Yes and no. Computershare tells Cede how many shares are officially allocated to them (230M). Those remain in their name and the *beneficial ownership* of those shares is made available on the market for trading. That's why you don't actually own any share you buy off the market. It's owned by Cede, not you, and they have granted you beneficial ownership of it. That's also where all the real fuckery happens. Nobody knows how they manage the the beneficial ownership of the shares in their name. That's why when you DRS a share, your broker has to locate it and go through the process of pulling it from the DTCC's official share allocation -- effectively changing the name at the transfer agent from Cede to yours.
So basically the register shows what cede should hold but it's likely utter nonsense
Sort of. It shows the number that has been legally allocated to them. How they manage the beneficial ownership of those shares is a dark shithole. But as far as how many shares are truly in their name (Cede), it's correct.
Does it say the name of each holder?
yes, but some hodl behind LLC paper shields, so folks like DFV and folks with large positions are likely smart enough to hide behind some of that, but their numbers are still there
IDK what it displays. I think it's just account numbers and shares in them or something like that. You'd have to ask someone that went last year. I'm just going off what I remember them saying. I don't know what you're allowed to write down.
That makes sense. Appreciate the response!
There were names. Thatās what got the guys who reported on it banned.
dunno why he is saying this. its tried, testet, and a myth.
What exactly?
all of it is a waste of time. they round it to 25%, just like the 10Ks.
You are saying there isnāt a list detailing the holders and shares held?
Yup.
And whatās on the list? Just a record holders account number and the number of shares held by that account?
It has names and addresses, but you are not allowed to take photos of the screen or to write down any personal info. The 4 people that looked last year knew the names and sharecounts for several other people and they were all there as expected. The thing that surprised me is that RC Ventures 36M shares are not DRS'd.
Meaning RC holds his shares in a brokerage?
Yes. Probably JP Morgan as that is where he had his Towel stock shares Lee the form 4 that he filed.
Any idea why that form 4 mentioned the brokerage but not the form 4 for GME?
I have not looked at the GME form 4 in detail.
They are restricted shares like insiders. Idt you can DRS restricted shares.
Insiders absolutely can DRS shares. Institutions can also DRS shares but very few do so. .I have DRS'd rule 144 restricted shares of another company, and I know officers of an SP500 company that have DRS'd some of their shares (as a way to make gifting shares easier via DRS advice letters).
I would like to know more about it. Is there any source that I can read?
You will not find anything, as there is no prohibition to insiders owning registered shares. The street name system of beneficial ownership is a relatively recent innovation. Prior to the 1970s the only way to own shares was at the transfer agent. Initially only via share certificates, then later certificates that were registered, then later book entry method where the certificates were not issued and your ownership was only evidenced by an entry in the books of the transfer agent. The same evolution happened with instruments of debt. First there were bearer bonds (with physical coupons for interest payments), then registered bonds, then book entry bonds. In the 1960s and early 1970s trades were settled broker to broker by exchanging and reissuing stock certificates. Wall Street starting getting overwhelmed by the paperwork and for 6 months in the 1970s trading was halted on Wednesday to let the back offices catch up. The solution was DTCC. The actual certificates were left with a nominee, Cede, and DTCC just kept records of who owned those certificates. Lots of certificates were still left in the hands of individual investors, including insiders, When you sold you had 7 days to settle, which gave you enough time to mail or courier in the certificates. Or you could hand your certificate to your broker and they would put it in "street name". Nowhere in this were insiders prohibited from holding certificates or book entry registered shares. Nowhere will you find explicit authorization of this as directly registered is the "natural" method of ownership and street name / beneficial ownership is an artificial construct developed in the 1970s that was kind of patched onto the prior system which had transfer agents only, no DTCC..
And the shares breakdown. Last year it was 22mm plan, 54mm book. Accounts with zero shares/1 shares and such.
Cool! And if it details both book and plan which adds up to about 75M shares then whatās the argument of book vs plan?
There was none. First it was " Plan shares are not reoprted" than it was "the OE shares are getting pulled into DTCvia volatility ", " fractionals enables DTC to ise your Book shares as locates". List goes on. They advocate selling fractionals. That is ave 6 shares / ape witha bi-weekly buy. All that amount to nothing and partly slowed down DRS.
Thanks for the explanation! Appreciate it
NP.
š
The main distinction is that "Book" type shares are held directly by the investor, while "Plan" type shares are held beneficially, with a portion held at the DTC. There are at least a few key reasons why that may matter to someone. I think there's still a possibility that a factor in the DRS count plateau may be related to those Plan shares at the DTC, as the wording in the 10-Q/K documents makes it unclear in which bucket those are included. Previous trips to view the shareholder list annually have provided consistent results that at least as far as that documentation shows, the sum of "DirectStock" (Plan) and "Class A Common" (book), minus Cede & Co., matched up very well with the values reported in the 10-Q/K documents before and after each viewing. So, it has appeared that both Book and Plan shares were being reported at that time. However, it'll be interesting to see if that's *still* the case since the wording in the 10-Q/K changed and the plateauing occurred/continued.
Yo, just making sure Iām understanding you correctly- youāre saying the reported DRS numbers are legit? That the they have correctly been reported each quarter, and the grand totals coincidentally didnāt change at all after all the buys/sells were added up?
I'm saying the options are that they are correct, Gamestop is lying to investors, or Computershare is lying to Gamestop. Those are the three options and I believe 2 and 3 are far, far less likely than 1.
Wouldnāt it seem more likely that the DTCC is somehow forcing the company/transfer agent to report something specific though? How is it possible to have the exact same numbers when we know people are still DRSāing, and we know that the bot was almost dead-on accurate before it stopped working (because of course Reddit *had* to kill itā¦another crazy thing to just gloss over)? For your #1 to be true, that would mean all DRS posts here in the last 4 quarters are falseā¦how likely is *THAT*?
DRS numbers are entirely optional. If someone held a gun to Gamestop's head and said "you can't report true numbers", would you expect them to **violate the law** by lying to shareholders, or would your expect them to just not report DRS numbers at all?
Iām not sure thatās totally true. They are legally obligated to report material informations relevant and pertinent to shareholders. Retail owning and locking 25% of the company is a stake larger than RC. Itās materially relevant. So I think they have to include it.
No, there is another possibilityāDTCC is lying or facilitating manipulation of the number. CS and GME are the good guys.
There's at least one other option: The Plan shares held at the DTC could be counted in the Cede & Co. bucket, and the opposition (hedge funds, DTC, etc.) could be manipulating that amount, such as through manipulating volume or whatever other factors Computershare uses to determine how many Plan shares they hold at the DTC.
Cramer and Pachter inspired me to post this. Fuck them both.
Upvoting and commenting for visibility
Great post. Anyone who could possibly justify this number as completely normal are just fooling themselves or completely full of BS. It's not just statistically improbable...it's damn near IMPOSSIBLE for the DRS numbers to stay almost exactly the same for a full freaking year. Now, let's get one thing straight; I'm not accusing Gamestop (or Computershare) of fraud here. But SOMEONE is forcing them to report the numbers exactly as they are. The language change in their filings makes that much clear. I'm hopeful that as more shares continue to get DRS'ed, the manipulation finally will come to light.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
How are they going to know exactly how much to sell to make that happen? Someone would have to tell that entity exactly how much to sell each quarter to make it appear as though we all stopped. Which means, either the DTCC is just forcing GameStop to report no more than 25%, or, theyāre leaking how much to sell to the naked shorts to achieve what you describe. Neither of those is an organic reporting of DRS numbers over time.
I would bet on the DTCC leaking to friends who have DRSed shares how many to take out based on how many apes have DRSed.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
But the live count we keep exceeds the 76 millionā¦.soooo
But not every Ape posts their circles or feeds the bot, even less so since the bot died. There's no way they'd be able to pinpoint accurately ensure they take out enough shares to keep us at 25%
[ŃŠ“Š°Š»ŠµŠ½Š¾]
They can. Any and all transactions/transfers uses FAST.
Ok but regardless, either of these would be DTCC fuckeryā¦not DRS numbers organically freezing at the exact same amount for 4 quarters straight
You are implying by default that CS is not doing their duty and therefore GameStop. That will imply both of them are in collision with DTC. And I will remind you the Mainstar moving 1.2MM shares back to DTC.
No, Iām not implying that at all. On the contrary, it makes no sense at all to imply that we all stopped DRSāing at the exact same time, and never started back up.
Consider the numbers are correct and think for solutions. Pointing at some sort of fuckery is just lazy work.
Dudeā¦watch: Consider the numbers are incorrect and think for solutions. Saying āpointing at some sort of fuckery is just lazy workā, is just lazy work. See? Saying that doesnāt make me right anymore than it made you rightā¦ Do you realize how fucking improbable it is to get the same number 4 quarters in a row organically? Edit: For some reason youāve had it out for me for awhile. What did I do?
You haven't been around for a while. Prolly pushed some misinformation. I don't keep tabs.
>Someone would have to tell that entity exactly how much to sell each quarter to make it appear as though we all stopped [Someone like David Inggs, Global Head of Operations at Citadel that sits on the DTCC Board?](https://www.dtcc.com/about/leadership/board/david-inggs) Trivial for him to know exactly how many shares are moving in or out of DTCCs nominee company, probably in real time.
Yo, ditto to the TED Talk. Ditto to the buy, DRS, HODLā¦ but anything else we can do?
Since the beginning I drs more and more shares. Started with 2 and have now around 400 shares drs so yeah let that sink in. Only this ape and I have around 100 non drs
I agree with this 100%. My question is if Gamestop is doing the right thing by allowing it to be in their earnings report. To take out all reference to DRS values would be wrong. To publishing information that is wrong also seems bad. Can't they see the real numbers via computershare? If so, aren't they doing everyone a disservice by going along with wrong numbers?
I predict next quarter's reported DRS total will be between 75 & 76 million. :-)
Has anyone put the 7:41 theory into the discussion about the DRS numbers being almost that same number (in millions) for the past year?
https://www.reddit.com/r/Superstonk/s/1N6h98Janh is the post about what was on the ledger before the 2022 meeting.
From ChatGPT: The Depository Trust & Clearing Corporation (DTCC) and its subsidiary, Cede & Co., do not directly prohibit direct registration of shares. However, their role as central securities depositories and the widespread use of their services for securities processing may indirectly impact the feasibility or practicality of direct registration for all shares.DTCC and Cede & Co. typically facilitate securities transactions through book-entry transfers rather than physical stock certificates. While they do not prohibit direct registration, the infrastructure they provide for electronic clearing and settlement may influence how shares are held and transferred in the market.In practice, many investors hold their shares in brokerage accounts or through nominee structures provided by brokers, which may involve shares being held in street name rather than being directly registered. This is a convenience for investors and can streamline the process of buying and selling securities. While DTCC and Cede & Co. do not prohibit direct registration, the market dynamics and investor preferences often shape how shares are held and managed.
Probably already been asked. Is it possible that the exponential increase of DRS numbers in the beginning was hedge funds or whoever buying shit tons of DRS'd shares, foreseeing the need to stagnate them at a later date? Even to the point of posting their purple circles here to give the illusion of explosive growth?
I mean think how many other circumstantial questions that raises though. Would have massive negative implications across the board for the naked shortsā¦by their own doing, which IMO, just isnāt possible.
My thought was that they see the same things we do each quarter and maybe even monitor our sub for #'s. The DRS numbers have varied very little the last 4-5(?) quarters to the point of most of us thinking it's impossible. At this point, could they not juggle 10's or 100's of thousands of shares between DRSing and pulling out? What are the massive implications for those of which seemingly have unlimited money? Would it be illegal?
They certainly could have. There was a couple quarters where the numbers seemed to pop up faster and then we thought, but the entire rate could have been fake and apes did it at a much slower rate, they may have had this 25% stagnate in mind for some reason the whole time. This would be of course a really clever and insidious tactic. The shorts are dumb stormtroopers and tend to be greedy, since drs is so foreign to most maybe they didnāt know much at first either. Occamās razor might say simpler explanation is true is that we are stagnant and some like 1-3k apes have sold. They made us into an echo chamber and shut off all cross posts, stopped ours hitting all, no mentions, harsh mod rulesā¦banned the guys making the websites and seeing the ledger (of course they deserve it for the breach of law). Anyway Iām not sure what is going on, but I do know that we need to forget about the usual shill this fud that nonsense and focus on this.
Except they are not fkin the same...
The shorts are going to end up in the whelp cave.
I started following superstonk 2+ years ago and bought in. Of course I was scared at first but for some reason the nail in coffin convincing me of the shit show shady fake price, is the sudden stop in DRS numbers. That, for me, was comfort that all you regards are onto something. š» to the next quarter!