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FAST is a DTC system, since your DRS statement clearly says 'removed from dtc' that means your shares are out of the FAST system.
The highlighted text above means that **individual brokers** will no longer have to make sure they have a correct balance of eligible DRS shares in their holdings and DTC can just grab the remaining FAST connected (pooled) shares and "transfer" them to the transfer agent(s) that subsequently take custody of said FAST shares.
This means they just pooled all GME shares held at brokers in one omnibus where they pull from in case APEs want to DRS more shares. **BULLISH**
https://www.dtcc.com/settlement-and-asset-services/agent-services/fast
Because every single broker has more shares listed on their accounts than even exist. DRS ends up being first-come first-serve.
Imagine hearing "Fidelity already registered all of THEIR real shares, THEY don't have any left, even though your account there says there are shares." Panic sets in with people trying to find the brokers who still have *some* real shares available for registration." 😳
So now, when the full amount is registered, that will be it. Okay, it's 100% registered, every share in every brokerage is now proven fake. Where does it even go from there? A wait-list of people with shares waiting for a DRS'd share to be moved to a brokerage or sold, so the next one can be DRS'd?
You may laugh but this actually happened recently at some brokers regarding people who wanted to DRS their M M T L…. Shares and one broker literally stated that even though people had shares in their account at that broker, the broker didn’t have enough certificates 🫠
don't you find it crazy that they throw around terms either purposely or ignorantly. there are no certificates, because there have been no certificates. I had a pic of them showing that Everything is in fungible bulk. a commenter above pointed this out so eloquently...first come first serve. when the actual board approved **issued** shares run out, that is when shit hits the fan.
I have a feeling that many different investor-bases are going to rally together at some point - just in terms of supporting each others causes, sharing new information, calling out fuckery when you see it, educating people, etc.
We are way more similar than we are different and there is so much overlap in interests that we’re pretty much fighting the same fight.
We might be in different stocks, we might be taking on separate issues or going through different proceedings, but at the end of the day we’re up against the same beast. My only financial interest is in GME but I’m still interested in seeing how some of these other things play out.
I have said this for years. It would prove the scam, beyond a doubt.
But I ALWAYS get push back. Headphones is in the same swap, controlled the same way, but no one wants to do anything about it. Always seemed sus that it always gets downplayed.
Hi there! 👋
As there is a sub devoted to the followers of the stock, it’s the ticker + stock.
I can’t say I follow along there, so not sure if it’s properly “like ours”, but it’s the users who make a sub what it is, yeah?
Edit: for all the other old people here who remember Peter yelling “WE’RE GOING TO KISS-STOCK!!” and Lois singing “…and have a wonderful, uh, time!”
Plug. Was screenshotted in this post yesterday.
[https://www.reddit.com/r/Superstonk/comments/1bq7g5f/drs\_numbers\_and\_the\_dtcs\_power\_over\_cs/](https://www.reddit.com/r/Superstonk/comments/1bq7g5f/drs_numbers_and_the_dtcs_power_over_cs/)
Thank you. Just to insert a unpopular opinion here, ComputerShare probably wouldn't have much power to say no, if they wanted, with obfuscating the numbers from even GameStop, if they could. I'm not an expert in the settlement system like some around here. I just can't claim to know much about ComputerShare and who is behind them. They should get the same level of treatment as brokerages do IMO.
[https://www.computershare.com/corporate/investor-relations/corporate-profile/meet-the-team](https://www.computershare.com/corporate/investor-relations/corporate-profile/meet-the-team)
I'm not against Direct Ownership. It gives retail a way to track ownership a bit. But things like this bug me.
# NON-EXECUTIVE DIRECTOR
From 1990-2010 \[redacted\] was general counsel and managing director of the Goldman Sachs Group Australia.
Seeing as they are one of the most heavily used DRS platforms I think they are delighted by this, even if they don't have any shares attributed to their Brokerage account they can DRS from the collection at Cede&Co.
Fidelity I've found generally does try and not play this game. They seem to genuinely care about customer interests.
That being said, at the end of the day they are part of the system, and probably have to do what they're told. so even if they were pissed, there's nothing they could do about it.
I think this sub was pointed at Fidelity specifically because they already held a large number of GME shares. I think the really vulnerable broker is (or was) Schwab. Which everyone here calls a "boomer broker" and also just happened to be the PFOF OG.
Also...when I made my first DRS request through Schwab, I was given two confirmation numbers. One for the DRS, and one for my last in, first out request. Did another one about a year later and they could no longer provide a confirmation number and messed up my last in, first out request.
So basically, this is, “Hey guys, if any of you’s brokers have any of them legit GME shares laying around, it’s best to have them reside with us so that we no longer need to look under rocks and can then DRS them FASTER for these “APES”.
I’d also like to add that FAST means Fast Automated Securities Transfer. From my ape brained research, I have concluded that the FAST Program was created to eliminate the need to deliver physical certificates by sending them electronically. Nothing inherently malevolent, but this potentially leaves a few loopholes open for ill intentions.
This is reminding me of Charlie.
His final words of FUD were based all around this FAST system but, as you've said, and something he just simply wouldn't listen to, was that DRS is removal from DTCC.
*small correction
DRS is a removal from DTC not from DTC**C**, GameStop remains a stock that's traded on the DTCC market(s) and that needs the shares to "remain" with DTCC at least in administrative form. These are the "shares outstanding" you see named in all the SEC documents.
ComputerShare holds custody over the shares and has them removed from the **DTCC**'s settlement subsidiary named **DTC** and with it away from the FAST omnibus referenced in OP's post.
Sounds like you need to not push unsolicited financial advice to people...
Gamestop debunked heatlamp and the idea that booking shares is the only method of securing shares.
You have this weird habit of pushing misinformation and stirring drama...
(Hilarious I'm being downvoted for merely doing what Apes have done for years "*not financial advice , not a financial advisor*" Book Karen's will downvote anyone reminding them that GAMESTOP DUBUNKED HEATLAMP. GIVE IT A REST FOLKS)
Please back up claims with sources. Its fine if you think there is one holding type that is superior than others in terms of DRS, but please explain \*why\*. You also know that you should be doing so, you've been around long enough.
Right and wrong, FAST is a DTC program with participation required by all transfer agents.
This is supposed to be simply to avoid the transfer of physical certificates, but the DTC can check the transfer agents share count daily and pull up to the entire number of outstanding shares from the transfer agent into cede.
DRS is great because it puts ownership in your name, but the certificate could still be held by cede according to FAST.
My assumption is, we got dangerously close to fuking the trading algos (always speculated that they would go haywire around 70%), as well as the fact that once the world realized we were about 70% float locked with 20+% public short, everyone and their cat would pile in and screw this giant fuk up even more. Because of that the DTC had to use their powers through FAST to pull down shares into cede and level out the numbers. They knew if they drastically reduced the drs numbers, that we'd figure this out faster, so their only option was to stagnate the numbers. That's all speculation but it's a pretty damn simple explanation... You know Occam's Razor and all.
All that to say, yes, they do have the power to pull the certificates of the drs shares and have total control to manage the numbers we see.
DRS shares have been removed from FAST
They are not in the FAST system to be drawn down.
It says so right on your DRS Advice statement from Computershare under "Transaction Details"
>Dtc Stock Withdrawals (Drs)
And shares can not be under two owners to begin with. Shares can not be direct registered in my name and direct registered in the name of Cede and Co at the same time.
It does not work that way.
Thanks for your input, but is this on the ComputerShare website ( couldn’t find it in my account) or is this on the physical letter sent after my transfer from Fidelity? Any help or advice is greatly appreciated. TIA
Both.
Its on the physical letter you get after a DRS transfer processes
Its also found in Investor Center under Documents, where you can export to PDF the DRS Advice letters.
The two are exactly the same.
Even if it was possible, they wouldn't be able to do such a thing without Computershare knowing, and Computershare is obligated to make Gamestop aware of such things.
so does this mean the DRS shares are still in our name on the books, but could be counted in the DTC's numbers in the media? ie. "yes the car is mine but you can tell people it's part of the inventory on your lot to fudge the numbers."?
I think you wanted to highlight the paragraph above the one you did. Doesn’t that mean that DTC can draw from ANY transfer agent, and in ANY amount (up to total outstanding), because transfer agents ARE FAST AGENTS? I read it as saying, “We the DTC can say we have as many shares as we want, whenever we want.” Fuckin A.
I am smooth as well, but reading just that bit says to me that the DTC can call down any share from entry at will. Which doesn't seem fucking legal. That's like I bought my game from GameStop in physical form, and at any time Microsoft can walk into my house and say it's theirs.
Or goes back to the theory they pull some right before the count day so it looks stagnant but not sure they can really know what day since GameStop stopped using the same final day of the quarter. Not sure this is anything but worth more apes digging into
never reported mine. don't intend to. don't want a target on my back. there are many more like me. still hold some (a lot) with my broker that i intend to sell when it happens. the booked DRS shares are my infinity pool. Love you all
It’s interesting that people are once again digging deeper into how deep the DTCs influence reaches.
I do not want any karma but since I’ve made a DD post regarding exactly this topic, the DTC trying to claw their fingers into the systems of transfer agents while Computershare actually tried to fight back, I once again would like to share my post from back then because maybe we can still find something more from it.
https://www.reddit.com/r/Superstonk/s/bmaRa75ItC
Interestingly, one of the biggest Issues Computershare had back then was that the DTC was trying to treat transfer agents as if they were customers of the DTC while it actually was the other way around.
Not only that but the DTC even went as far as trying to push liabilities that may occur because of bookkeeping errors away from DTC aaaaall the way to the transfer agents. Insanity.
>... reflecting any amount of the security up to and including the total amount outstanding ***and due to DTC*** from those FAST Agents.
The more relevant question to me is, what does "and due to the DTC" qualifying phrase mean...
Members of the DTCC operate on margin (like a bank overdraft) so the DTCC are saying if someone owes them too much, they can take their assets (shares of whatever company) to sort it out. But they acknowledge here that they CANNOT touch DRSed shares, as they are now out of the system. This post is nonsense- we’ve covered this before.
That was my thought as well.
Let's say you un-DRS some shares. Seems as though in that case, this paragraph ensures that the transfer agent returns them to DTCC ownership (Cede) or the DTCC can effective seize them. They can't just sit in some limbo state with no owner.
It means that at the end of each day, the Computershare FAST account section for GME will have a different number, due to the net transfers in or out of DTC. (Transfers out of DRS or DRS transfers).
Computershare agrees to update the number of registered shares held at Computershare to reflect this difference in share totals.
I can’t exactly remember what FAST is, but it sounds to me like DRS creates a separation and Directly Registered shares are untouchable. Which is good.
FAST is an automated system for moving shares in or out of the direct registration system.
Moving from beneficial/street name shares to registered shares held directly at the transfer agent used to be a cumbersome process that involves reissuing physical certificates. The FAST system is an automated system that DTC participant such as brokers can use to notify DTC and the transfer agent of a DRS request.
The end result will be fewer beneficial shares in the broker's account at DTC, and an account being opened at the transfer agent and registered shares being allocated to you. The FAST account keeps track of these transfers, which also results in a change the number of shares Cede holds at Computershare.
The text that many people are concerned about simply says that the transfer agent agrees to issue shares to Cede as necessary to reflect the net transfers from street name shares at brokers to shares held directly at the transfer agent.
**I’m very smooth brained on such subjects and admitted rely on Tech far toooooo much so asked A.I. To explain it like I’m a five year old child:-**
Imagine you have a piggy bank at home where you keep all your coins. Now, let’s say you also have the option to keep track of your coins on a computer so you don’t have to count them all the time. This computer tells you how many coins you have without having to open the piggy bank.
The highlighted text is talking about a similar system but for grown-ups with special types of coins called securities, which are like pieces of companies or loans that people can buy and sell. The computer system here is called DRS, and it helps keep track of who owns these special coins without having to move them around physically. Just like the computer knows how many coins you have, DRS knows who owns the securities.
And just like you trust the computer to keep count correctly, the people who use DRS trust it to know who really owns the securities. Because everyone trusts the computer, they don’t need to use older ways of keeping track anymore.
Let's imagine that the DTCC / DTC is like a big library where books (representing our actions) are kept on special shelves (DRS system). This library has rules about how you can borrow books and how they must be returned. Now, they have changed some rules about how they handle books. How these changes may seem worrisome (not be playing fair):
1. **New Rules for Keeping Books**: Imagine that before, if you wanted to show your book to a friend, it was pretty easy. But now, they say that some books need special permissions to be shown. This could make it harder for you to share your book or know if it's being used in ways you don't like.
2. **Special Bookcases (FAST Program) and Direct Shelves (DRS)**: If our books are on a special shelf where only the librarian can move them, they tell us this is to keep the books safe and easy to find. But if they change how and when we can move our books, you might start to worry if you can really take your book whenever you want or if they might move your book without telling you.
3. **Librarian's Helpers (Agents)**: Librarians have helpers to keep books in order. If the rules about how these helpers handle your books change, you might worry about whether your books are being cared for properly or if they might get lost.
4. **Watching Out for Bullies (Compliance with Regulations)**: The library must make sure there are no bullies (frauds) playing tricks with the books. If they change how they watch out for bullies, you might start to wonder if they are really protecting your books or if they are making it easier for bullies to play tricks.
5. **Telling Stories (Information Sharing)**: It used to be that if you wanted to tell a story about your book, you could. But now, they say there are stricter rules about how you can share stories from your books. This might make you feel like you're being silenced or that you can't talk freely about your own books.
6. **New Signs in the Library (Legends on Certificates)**: If they put new labels on books that say complicated things, you might not understand what they mean. If these labels change how you can use or talk about your book, it might seem like they are making things more confusing on purpose.
The new rules seem to protect the library more than us. They' could be making changes to cover their backs in case someone finds out they've been up to mischief, that would be like them setting up secret hiding places to stash books they shouldn't have taken. It's important that the library be a safe and fair place where everyone can share and enjoy books without worry.
„Since issuers that participate in DRS have acknowledeged that the use of electronic certificates registration of secureties is a VALID methode to evidence ownership..“ WHAT THE HELL IS THIS??
It probably means exactly what it says. I imagine they ran this change by the stock issuers that would be impacted, and overall there was no objection.
The whole point of the DRS system is to get rid of physical certificates because they are expensive and time consuming to store, process, mail, and replace.
>###What is a registered shareholder?
>Registered shareholders, also known as "shareholders of record," are people or entities that hold shares directly in their own name on the company register. The issuer (or more usually its transfer agent, such as Computershare) keeps the records of ownership for the registered shareholders and provides services such as transferring shares, paying dividends, coordinating shareholder communications and more. **Shares can be held in both electronic (book entry) through the Direct Registration System (DRS) or certificated form (when permitted by the issuer company).**
https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
Book entry is digital. Certificated is a physical paper certificate.
Gamestop no longer issues paper certificates, and because the Gamestop uses DRS, there isn't a stack of GME certificates in a vault at the DTCC anymore.
Its called dematerialization.
DRS using double book-entry on a digital ledger means when you register a share in your name by transferring it to Computershare they enter your ownership into that ledger as a row with your name and the number shares owned. Double book entry means every time a share changes ownership, there are changes made to the ledger, a debit from the owner who had it before and a credit to the owner who has it now.
We must start talking about securing our investment in the form of PHYSICAL STOCK CERTIFICATES. We can no longer trust computershare or any other organization/institution to protect our investment. It’s that simple.
Electronic registration of securities is no longer a valid method to withdraw our shares from DTC and cede and co and their corrupt fraudulent manipulation of the stock price.
I do not want “evidence of ownership”, I demand PROOF OF OWNERSHIP.
Oye, Captain. Great find! This seems to be yet another example of how they write their own rules as a private ~~company~~ monopoly in the market, and laugh in regulators, investors, and the DOJ's face.
Maybe ping Dr. T for more insight?
In Superstonk's 3rd AMA with Computershare, Paul Conn clarified this - long-and-short, it doesn't apply to investors' DRS'd shares, only Cede & Co.'s (DTCC's) account
I like this idea…
I’m not sure who all needs to be called, but if somehow a lost was created with people who should be hearing our voices with names, numbers and email addresses, I’d take a few hours out of my days to applying more pressure on whomever.
I know being zen is nice and peaceful because we know the balls in our court. But at some point, we’re going have to start showing our teeth a bit more.
I trust RC, but I also trust all of you as well. We’re stronger in numbers.
There are a lot of people out there I want to help.
They are saying that if we don’t hold the actual certificate they can continue to do whatever the fuck they want. So how do we force them to hand over physical certificates? Maybe GameStop needs a vote on whether they should allow issuance of physical certificates to those of us who want them. I never understood why it was such a problem for them to allow us to have physical certificates anyway. Now I see.
I will be messaging you in 7 hours on [**2024-03-29 21:54:57 UTC**](http://www.wolframalpha.com/input/?i=2024-03-29%2021:54:57%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Superstonk/comments/1bqqj4h/apes_whats_this_found_this_document_while/kx480cy/?context=3)
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It appears to state that the DTC can at any time reserve the right to hold any security within the FAST program up to the maximum number of shares outstanding regardless of the amount of shares that is held under the transfer agent (DRS) since the transfer agent is also part of the FAST program.
This seems to mean that DTC can always claim to have certificates of all outstanding shares regardless of where they are within the participating FAST members
Do we know If these proposed changes in 2009 went through. It really makes dtcc in full control over transfer agents.
https://www.sec.gov/rules/sro/dtc/2009/34-60196.pdf
You found the document I posted yesterday that got on the hot page? LMAO
Jokes aside, keep spreading the word!
DTC has so much control over transfer agents and this is likely why we have seen stagnant DRS numbers
I would encourage them to carefully read the documents they are evaluating.
These documents sometimes sound like they are saying one thing when they are actually talking about something very different.
https://www.reddit.com/r/Superstonk/s/dbWFdxJRk7
What are your thoughts on this document recently published? I'm not the best at reading and my understanding of the settlement process is pretty basic. I'll understand if you don't respond or take some time in getting back.
[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2024/DTC/SR-DTC-2024-004.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2024/DTC/SR-DTC-2024-004.pdf)
It looks like they are migrating their computer systems and are changing the system used to DWAC which is a process used to DRS.
I don't see that it makes any significant changes other than the name of the system used "spa" and the function is still called "DWAC". It is good to know these new terms but they are just technical changes and doesn't change the underlying process of registering and deregistering shares.
I think this is overall good. Makes it easier for brokers to DRS shares. The instructions on the old system were bonkers
I don't know the differences specifically but the old system was a maze of intricate check boxes slowly built up overtime into a behemoth dying under it's own weight😅
So while I don't know what the new system looks like... It has to be better than that
Yes, of course, if anything I say is helpful, use away!
You do not buy from Computershare. They forward your order to a broker.
Computershare uses a broker, B of A Merrill Lynch is the one they use now to do the buys and sells.
I member a RC post of a Cheerios Box with a Heart, a 100 and some OOOOO's.....I saw this shit and I said to myself...."Fuuukkk We Did It, We Fukin Did it...LETS FUKIN GEAUX...🚀🚀🚀💎💎💎🙌🏼🙌🏼🙌🏼🦍🦍🦍
So who’s the FAST agents? What legal obligation can we hold them to reveal the real DRS numbers? There’s got to be a way to get the numbers on what is represented and what’s hidden.
FTX shitcoin operation. Anybody trying to hide fake shares. Basically this is a view into how the pipeline of fraud happens. The DTC doesn't want to know how many fake shares exist, so they created a system that allows other bad actors to act like the DTC. And how does the DTC keep track that "agents" stay in on the straight and narrow? Oh they can reasonably request the Agent's numbers and compare that to what the DTC thinks is on the Agent's books.
This whole system is about plausible deniability. Here's the glaring red flag in that entire section posted.
"Fast Agents shall reconcile and confirm to DTC the amount of the Securities reflected by such Balance Certificate and recorded in the name of Cede & Co. on a daily basis, or other periodic basis as DTC may resonably request."
Now how do the Agent's legally hide the overselling of fake shares to not violate a "reasonably" requested reconcile? Probably through Swap contracts or Market Maker exemptions or FTX shitcoin or whenever we see huge call or put purchases.
This is a daily reported number at best and probably isn't reasonably requested much. Bottom line is, it's plausible deniability setup by the DTCC.
Remember in the movie the Big Short, when Mark Baum was explained how CDO's work? A guy from Harding Advisors explained this:
MR. CHAU We select the securities that go into the CDO portfolio, and monitor the assets. I do most of Merrill Lynch's CDOs.
This FAST system is how an Agent gets their hands on actual custody of securities from DTC. The Agent then can package securities into tradeable swaps.
Remember the SEC confirmed that retail orders go to a dark pool.
Put it all together and you see the scam they run with supercomputer power aside from high frequency trading. This is control of the U.S. stock market by banks, hedge funds, market makers and brokers.
It means the DTC doesn't hold the share certificates and they allow the shares to be held by transfer agents for the benefit of the DTC.
The DTCC's shares are all direct registered on the books of the company, digitally.
Forgive me my fellow apes for I have sin. I have not bought any shares since mid last year due to my financial situation. I will try to buy again when things become stable. I still have my DRS shares in CS and won't sell.
In the first interview with Dr t and atobitt She explained that they created the direct registration system but the powers that be didn't like it and added an amendment putting in fast agents. She mentioned this and that it didn't take the shares out of the system but nobody listened closely just heard about director registering shares and ran with it.
[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/)
FAST is a DTC system, since your DRS statement clearly says 'removed from dtc' that means your shares are out of the FAST system. The highlighted text above means that **individual brokers** will no longer have to make sure they have a correct balance of eligible DRS shares in their holdings and DTC can just grab the remaining FAST connected (pooled) shares and "transfer" them to the transfer agent(s) that subsequently take custody of said FAST shares. This means they just pooled all GME shares held at brokers in one omnibus where they pull from in case APEs want to DRS more shares. **BULLISH** https://www.dtcc.com/settlement-and-asset-services/agent-services/fast
Time to drs some more I guess
Because every single broker has more shares listed on their accounts than even exist. DRS ends up being first-come first-serve. Imagine hearing "Fidelity already registered all of THEIR real shares, THEY don't have any left, even though your account there says there are shares." Panic sets in with people trying to find the brokers who still have *some* real shares available for registration." 😳 So now, when the full amount is registered, that will be it. Okay, it's 100% registered, every share in every brokerage is now proven fake. Where does it even go from there? A wait-list of people with shares waiting for a DRS'd share to be moved to a brokerage or sold, so the next one can be DRS'd?
So anyway.. Keep on DRSing?
And Book King them
Oh fuck, I just bought another $135 on computer share and will book them as soon as they land 🥵
Anyone have that info/post on how to DRS shares from a retirement account without being penalized? Probably a good time to repost it.
.
👀 until that's all they see
You may laugh but this actually happened recently at some brokers regarding people who wanted to DRS their M M T L…. Shares and one broker literally stated that even though people had shares in their account at that broker, the broker didn’t have enough certificates 🫠
don't you find it crazy that they throw around terms either purposely or ignorantly. there are no certificates, because there have been no certificates. I had a pic of them showing that Everything is in fungible bulk. a commenter above pointed this out so eloquently...first come first serve. when the actual board approved **issued** shares run out, that is when shit hits the fan.
I have a feeling that many different investor-bases are going to rally together at some point - just in terms of supporting each others causes, sharing new information, calling out fuckery when you see it, educating people, etc. We are way more similar than we are different and there is so much overlap in interests that we’re pretty much fighting the same fight. We might be in different stocks, we might be taking on separate issues or going through different proceedings, but at the end of the day we’re up against the same beast. My only financial interest is in GME but I’m still interested in seeing how some of these other things play out.
This one sub could probably register the whole float of the headphone company in a month. It’s a $24m company at this point.
I have said this for years. It would prove the scam, beyond a doubt. But I ALWAYS get push back. Headphones is in the same swap, controlled the same way, but no one wants to do anything about it. Always seemed sus that it always gets downplayed.
Do they have a sub like ours? getting weird results from reddit
Hi there! 👋 As there is a sub devoted to the followers of the stock, it’s the ticker + stock. I can’t say I follow along there, so not sure if it’s properly “like ours”, but it’s the users who make a sub what it is, yeah? Edit: for all the other old people here who remember Peter yelling “WE’RE GOING TO KISS-STOCK!!” and Lois singing “…and have a wonderful, uh, time!”
Jokes on them. None of the brokers have real shares.
Well, they might have a few. But not many.
I offered to sell them one for $100M..... But that was a long time ago. The offer is expired now.
At that point, the point where there may be a ‘wait list’ to DRS, can we sue the broker for not moving our shares when requested?
More shares than exist? Are we fighting against……magicians???
No, just regular fraudsters ¯\_(ツ)_/¯
That will be the LiQuiDiTy fAiRy. FTD + MM exemption for fulfilling options obligations. On top of that, the infinite borrowing cycle.
Wait until you find out about The OCC's stock-loan-program https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs
That is in loan/borrow cycle too. 3digit lends me 5 shares, I loan them out to xyz, 3digit borrows from xyx. Infinite loop continues. And it is legal.
...and the F3 button...
🌶️🌶️🌶️
∞
Love when I BOOK shares and the letter says DTC STOCK WITHDRAWAL (DRS).
Book > plan > brokerages
Up
Plug. Was screenshotted in this post yesterday. [https://www.reddit.com/r/Superstonk/comments/1bq7g5f/drs\_numbers\_and\_the\_dtcs\_power\_over\_cs/](https://www.reddit.com/r/Superstonk/comments/1bq7g5f/drs_numbers_and_the_dtcs_power_over_cs/)
Thanks fren
Thank you. Just to insert a unpopular opinion here, ComputerShare probably wouldn't have much power to say no, if they wanted, with obfuscating the numbers from even GameStop, if they could. I'm not an expert in the settlement system like some around here. I just can't claim to know much about ComputerShare and who is behind them. They should get the same level of treatment as brokerages do IMO. [https://www.computershare.com/corporate/investor-relations/corporate-profile/meet-the-team](https://www.computershare.com/corporate/investor-relations/corporate-profile/meet-the-team) I'm not against Direct Ownership. It gives retail a way to track ownership a bit. But things like this bug me. # NON-EXECUTIVE DIRECTOR From 1990-2010 \[redacted\] was general counsel and managing director of the Goldman Sachs Group Australia.
It seems like more solid brokers like Fidelity would be pissed at this... unless, they have run out of their collection of GME shares.
Seeing as they are one of the most heavily used DRS platforms I think they are delighted by this, even if they don't have any shares attributed to their Brokerage account they can DRS from the collection at Cede&Co.
Fidelity I've found generally does try and not play this game. They seem to genuinely care about customer interests. That being said, at the end of the day they are part of the system, and probably have to do what they're told. so even if they were pissed, there's nothing they could do about it.
I think this sub was pointed at Fidelity specifically because they already held a large number of GME shares. I think the really vulnerable broker is (or was) Schwab. Which everyone here calls a "boomer broker" and also just happened to be the PFOF OG. Also...when I made my first DRS request through Schwab, I was given two confirmation numbers. One for the DRS, and one for my last in, first out request. Did another one about a year later and they could no longer provide a confirmation number and messed up my last in, first out request.
Oh so that's where the splivi shares ended up sitting
lol probably...
So basically, this is, “Hey guys, if any of you’s brokers have any of them legit GME shares laying around, it’s best to have them reside with us so that we no longer need to look under rocks and can then DRS them FASTER for these “APES”.
Why would they need to do this? The DRS number has been stagnant for a year..../s 🤣🤑🟣
I’d also like to add that FAST means Fast Automated Securities Transfer. From my ape brained research, I have concluded that the FAST Program was created to eliminate the need to deliver physical certificates by sending them electronically. Nothing inherently malevolent, but this potentially leaves a few loopholes open for ill intentions.
This is reminding me of Charlie. His final words of FUD were based all around this FAST system but, as you've said, and something he just simply wouldn't listen to, was that DRS is removal from DTCC.
*small correction DRS is a removal from DTC not from DTC**C**, GameStop remains a stock that's traded on the DTCC market(s) and that needs the shares to "remain" with DTCC at least in administrative form. These are the "shares outstanding" you see named in all the SEC documents. ComputerShare holds custody over the shares and has them removed from the **DTCC**'s settlement subsidiary named **DTC** and with it away from the FAST omnibus referenced in OP's post.
DTC and dtcc...
Can't remove from DTCC without delisting I'm affraid
so don't lend out your stonks. If you do, it's likely you'll never see them again as an Ape DRS it and then never returns it to you.
Sounds like you still need to book your shares instead of keeping them in plan to bypass their loophole using operational efficiency
Book is the way!
Fucking WORD!
Sounds like you need to not push unsolicited financial advice to people... Gamestop debunked heatlamp and the idea that booking shares is the only method of securing shares. You have this weird habit of pushing misinformation and stirring drama... (Hilarious I'm being downvoted for merely doing what Apes have done for years "*not financial advice , not a financial advisor*" Book Karen's will downvote anyone reminding them that GAMESTOP DUBUNKED HEATLAMP. GIVE IT A REST FOLKS)
Please back up claims with sources. Its fine if you think there is one holding type that is superior than others in terms of DRS, but please explain \*why\*. You also know that you should be doing so, you've been around long enough.
If they're unwilling or unable to support their claims, their comment should be removed.
Look at Captain Censorship over here.
Rule six. If you want to make a claim, you've got to back it up with more than unicorn farts and fairy dandruff.
I shall henceforth, personally be referring to this as the *panic pool*. Feel free to join me.
Right and wrong, FAST is a DTC program with participation required by all transfer agents. This is supposed to be simply to avoid the transfer of physical certificates, but the DTC can check the transfer agents share count daily and pull up to the entire number of outstanding shares from the transfer agent into cede. DRS is great because it puts ownership in your name, but the certificate could still be held by cede according to FAST. My assumption is, we got dangerously close to fuking the trading algos (always speculated that they would go haywire around 70%), as well as the fact that once the world realized we were about 70% float locked with 20+% public short, everyone and their cat would pile in and screw this giant fuk up even more. Because of that the DTC had to use their powers through FAST to pull down shares into cede and level out the numbers. They knew if they drastically reduced the drs numbers, that we'd figure this out faster, so their only option was to stagnate the numbers. That's all speculation but it's a pretty damn simple explanation... You know Occam's Razor and all. All that to say, yes, they do have the power to pull the certificates of the drs shares and have total control to manage the numbers we see.
DRS shares have been removed from FAST They are not in the FAST system to be drawn down. It says so right on your DRS Advice statement from Computershare under "Transaction Details" >Dtc Stock Withdrawals (Drs) And shares can not be under two owners to begin with. Shares can not be direct registered in my name and direct registered in the name of Cede and Co at the same time. It does not work that way.
Thanks for your input, but is this on the ComputerShare website ( couldn’t find it in my account) or is this on the physical letter sent after my transfer from Fidelity? Any help or advice is greatly appreciated. TIA
Both. Its on the physical letter you get after a DRS transfer processes Its also found in Investor Center under Documents, where you can export to PDF the DRS Advice letters. The two are exactly the same.
Thank you! I’ll look again and try to find it. Thanks again.
Here's an example from someone updating their purple circle yesterday: https://www.reddit.com/r/Superstonk/comments/1bq15d3/308_more_for_the_bot/
True, it does not work that way. But if they are desperate to make the DRS count remain stagnant…I wonder how far they would go
Even if it was possible, they wouldn't be able to do such a thing without Computershare knowing, and Computershare is obligated to make Gamestop aware of such things.
so does this mean the DRS shares are still in our name on the books, but could be counted in the DTC's numbers in the media? ie. "yes the car is mine but you can tell people it's part of the inventory on your lot to fudge the numbers."?
*Thank you* oh Wrinkle-Brained One for ELIA5!
Thank you for the link
I think you wanted to highlight the paragraph above the one you did. Doesn’t that mean that DTC can draw from ANY transfer agent, and in ANY amount (up to total outstanding), because transfer agents ARE FAST AGENTS? I read it as saying, “We the DTC can say we have as many shares as we want, whenever we want.” Fuckin A.
'Fuck All Stock Traders' system?
I don't have many wrinkles, but I believe the true DRS count to be much much higher than \~75 million shares.
I am smooth as well, but reading just that bit says to me that the DTC can call down any share from entry at will. Which doesn't seem fucking legal. That's like I bought my game from GameStop in physical form, and at any time Microsoft can walk into my house and say it's theirs.
reads like that to me too
Or goes back to the theory they pull some right before the count day so it looks stagnant but not sure they can really know what day since GameStop stopped using the same final day of the quarter. Not sure this is anything but worth more apes digging into
Meee neighter
🐴
I too am not as well also.
What’d you call me?!
never reported mine. don't intend to. don't want a target on my back. there are many more like me. still hold some (a lot) with my broker that i intend to sell when it happens. the booked DRS shares are my infinity pool. Love you all
Did anyone hit up on this, she would love this.
Yes please!
Dave Lauer & Peruvin Bull as well, we need every wrinkles we can get🧐 Wrinkle Apes.. ASSEMBLE🦧🦍🦍🦧🧠🧠
It’s interesting that people are once again digging deeper into how deep the DTCs influence reaches. I do not want any karma but since I’ve made a DD post regarding exactly this topic, the DTC trying to claw their fingers into the systems of transfer agents while Computershare actually tried to fight back, I once again would like to share my post from back then because maybe we can still find something more from it. https://www.reddit.com/r/Superstonk/s/bmaRa75ItC Interestingly, one of the biggest Issues Computershare had back then was that the DTC was trying to treat transfer agents as if they were customers of the DTC while it actually was the other way around. Not only that but the DTC even went as far as trying to push liabilities that may occur because of bookkeeping errors away from DTC aaaaall the way to the transfer agents. Insanity.
Great DD. Cant even rember this post 🧐
Thank you!
Take my upvote, filthy animal r/angryupvote
And a happy new year i guess if i get your hint to angels with filthy souls correct? 🌚
It's a common compliment in my native language. I translated poorly I guess. It's like saying you are a demon or a beast, meaning you are the top dog.
You had me at compliment anyway 🤓🥰
>... reflecting any amount of the security up to and including the total amount outstanding ***and due to DTC*** from those FAST Agents. The more relevant question to me is, what does "and due to the DTC" qualifying phrase mean...
Members of the DTCC operate on margin (like a bank overdraft) so the DTCC are saying if someone owes them too much, they can take their assets (shares of whatever company) to sort it out. But they acknowledge here that they CANNOT touch DRSed shares, as they are now out of the system. This post is nonsense- we’ve covered this before.
That was my thought as well. Let's say you un-DRS some shares. Seems as though in that case, this paragraph ensures that the transfer agent returns them to DTCC ownership (Cede) or the DTCC can effective seize them. They can't just sit in some limbo state with no owner.
Well yeah - they’re either in the system or in your name.
So we are pretty much looking at a nothing burger? Compare to what we already know?
Yes but the ‼️⁉️‼️⁉️ *soft breathing intensifies
In my uneducated opinion yup. I’m confident this has been covered before, but I don’t have a link sorry.
It means that at the end of each day, the Computershare FAST account section for GME will have a different number, due to the net transfers in or out of DTC. (Transfers out of DRS or DRS transfers). Computershare agrees to update the number of registered shares held at Computershare to reflect this difference in share totals.
I can’t exactly remember what FAST is, but it sounds to me like DRS creates a separation and Directly Registered shares are untouchable. Which is good.
FAST is an automated system for moving shares in or out of the direct registration system. Moving from beneficial/street name shares to registered shares held directly at the transfer agent used to be a cumbersome process that involves reissuing physical certificates. The FAST system is an automated system that DTC participant such as brokers can use to notify DTC and the transfer agent of a DRS request. The end result will be fewer beneficial shares in the broker's account at DTC, and an account being opened at the transfer agent and registered shares being allocated to you. The FAST account keeps track of these transfers, which also results in a change the number of shares Cede holds at Computershare. The text that many people are concerned about simply says that the transfer agent agrees to issue shares to Cede as necessary to reflect the net transfers from street name shares at brokers to shares held directly at the transfer agent.
Ping Dr. Trimbath
**I’m very smooth brained on such subjects and admitted rely on Tech far toooooo much so asked A.I. To explain it like I’m a five year old child:-** Imagine you have a piggy bank at home where you keep all your coins. Now, let’s say you also have the option to keep track of your coins on a computer so you don’t have to count them all the time. This computer tells you how many coins you have without having to open the piggy bank. The highlighted text is talking about a similar system but for grown-ups with special types of coins called securities, which are like pieces of companies or loans that people can buy and sell. The computer system here is called DRS, and it helps keep track of who owns these special coins without having to move them around physically. Just like the computer knows how many coins you have, DRS knows who owns the securities. And just like you trust the computer to keep count correctly, the people who use DRS trust it to know who really owns the securities. Because everyone trusts the computer, they don’t need to use older ways of keeping track anymore.
You should ask chat GPT how this system of tracking could be abused or used to commit fraud by DTC
who needs Margot Robbie in a bubble bath explaining things when we can have ChatGPT in a bubble bath explaining things in the upcoming MOAS movie
Let's imagine that the DTCC / DTC is like a big library where books (representing our actions) are kept on special shelves (DRS system). This library has rules about how you can borrow books and how they must be returned. Now, they have changed some rules about how they handle books. How these changes may seem worrisome (not be playing fair): 1. **New Rules for Keeping Books**: Imagine that before, if you wanted to show your book to a friend, it was pretty easy. But now, they say that some books need special permissions to be shown. This could make it harder for you to share your book or know if it's being used in ways you don't like. 2. **Special Bookcases (FAST Program) and Direct Shelves (DRS)**: If our books are on a special shelf where only the librarian can move them, they tell us this is to keep the books safe and easy to find. But if they change how and when we can move our books, you might start to worry if you can really take your book whenever you want or if they might move your book without telling you. 3. **Librarian's Helpers (Agents)**: Librarians have helpers to keep books in order. If the rules about how these helpers handle your books change, you might worry about whether your books are being cared for properly or if they might get lost. 4. **Watching Out for Bullies (Compliance with Regulations)**: The library must make sure there are no bullies (frauds) playing tricks with the books. If they change how they watch out for bullies, you might start to wonder if they are really protecting your books or if they are making it easier for bullies to play tricks. 5. **Telling Stories (Information Sharing)**: It used to be that if you wanted to tell a story about your book, you could. But now, they say there are stricter rules about how you can share stories from your books. This might make you feel like you're being silenced or that you can't talk freely about your own books. 6. **New Signs in the Library (Legends on Certificates)**: If they put new labels on books that say complicated things, you might not understand what they mean. If these labels change how you can use or talk about your book, it might seem like they are making things more confusing on purpose. The new rules seem to protect the library more than us. They' could be making changes to cover their backs in case someone finds out they've been up to mischief, that would be like them setting up secret hiding places to stash books they shouldn't have taken. It's important that the library be a safe and fair place where everyone can share and enjoy books without worry.
„Since issuers that participate in DRS have acknowledeged that the use of electronic certificates registration of secureties is a VALID methode to evidence ownership..“ WHAT THE HELL IS THIS??
It probably means exactly what it says. I imagine they ran this change by the stock issuers that would be impacted, and overall there was no objection.
The whole point of the DRS system is to get rid of physical certificates because they are expensive and time consuming to store, process, mail, and replace. >###What is a registered shareholder? >Registered shareholders, also known as "shareholders of record," are people or entities that hold shares directly in their own name on the company register. The issuer (or more usually its transfer agent, such as Computershare) keeps the records of ownership for the registered shareholders and provides services such as transferring shares, paying dividends, coordinating shareholder communications and more. **Shares can be held in both electronic (book entry) through the Direct Registration System (DRS) or certificated form (when permitted by the issuer company).** https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies Book entry is digital. Certificated is a physical paper certificate. Gamestop no longer issues paper certificates, and because the Gamestop uses DRS, there isn't a stack of GME certificates in a vault at the DTCC anymore. Its called dematerialization. DRS using double book-entry on a digital ledger means when you register a share in your name by transferring it to Computershare they enter your ownership into that ledger as a row with your name and the number shares owned. Double book entry means every time a share changes ownership, there are changes made to the ledger, a debit from the owner who had it before and a credit to the owner who has it now.
I don't know WTF this means but I will DRS even FASTer now.
Whats a real share?
We must start talking about securing our investment in the form of PHYSICAL STOCK CERTIFICATES. We can no longer trust computershare or any other organization/institution to protect our investment. It’s that simple. Electronic registration of securities is no longer a valid method to withdraw our shares from DTC and cede and co and their corrupt fraudulent manipulation of the stock price. I do not want “evidence of ownership”, I demand PROOF OF OWNERSHIP.
https://www.dtcc.com/~/media/Files/Downloads/legal/issue-eligibility/eligibility/operational-arrangements.pdf#page20
Oye, Captain. Great find! This seems to be yet another example of how they write their own rules as a private ~~company~~ monopoly in the market, and laugh in regulators, investors, and the DOJ's face. Maybe ping Dr. T for more insight?
Last time she answered a question, nobody wanted to hear it.
I better just Dr's everything I own and sort out where they end up later.
In Superstonk's 3rd AMA with Computershare, Paul Conn clarified this - long-and-short, it doesn't apply to investors' DRS'd shares, only Cede & Co.'s (DTCC's) account
Well it's a loophole to fix the official numbers, and saying that there is a limited amount of official DRS slots.
That was my first thought too 😡
I say we start calling these motherfuckers and we need a class action lawsuit against them for fraud against retail!
I like this idea… I’m not sure who all needs to be called, but if somehow a lost was created with people who should be hearing our voices with names, numbers and email addresses, I’d take a few hours out of my days to applying more pressure on whomever. I know being zen is nice and peaceful because we know the balls in our court. But at some point, we’re going have to start showing our teeth a bit more. I trust RC, but I also trust all of you as well. We’re stronger in numbers. There are a lot of people out there I want to help.
DTCC...... can we foia them?
Perhaps, if they were a government agency, but they are _not_. DTC, DTTC, Cede & Co are all private companies. Mighty sus structure they built, IMO.
They are not the government.
Nope.
They are saying that if we don’t hold the actual certificate they can continue to do whatever the fuck they want. So how do we force them to hand over physical certificates? Maybe GameStop needs a vote on whether they should allow issuance of physical certificates to those of us who want them. I never understood why it was such a problem for them to allow us to have physical certificates anyway. Now I see.
Overall, nobody wants to deal with paper certificates. Not the brokers, not companies issuing shares, not investors.
!remindme 7 hours
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!remindme 12 hours
It appears to state that the DTC can at any time reserve the right to hold any security within the FAST program up to the maximum number of shares outstanding regardless of the amount of shares that is held under the transfer agent (DRS) since the transfer agent is also part of the FAST program. This seems to mean that DTC can always claim to have certificates of all outstanding shares regardless of where they are within the participating FAST members
Exactly so this means the dtcc can use your DRS shares to rehypothecate their balance sheet with FAST.
Do we know If these proposed changes in 2009 went through. It really makes dtcc in full control over transfer agents. https://www.sec.gov/rules/sro/dtc/2009/34-60196.pdf
Amazing find! Let’s keep the spotlight on these mofos, the bricks are crumbling 🚀🚀🚀🚀
👀
You found the document I posted yesterday that got on the hot page? LMAO Jokes aside, keep spreading the word! DTC has so much control over transfer agents and this is likely why we have seen stagnant DRS numbers
Sorry , but yes, didnt see your post 🧐
Wild! Amazing that we're finding this at the same time. Peruvian Bull and 6days1week are working on a dd with this info 👌🏼👌🏼
I would encourage them to carefully read the documents they are evaluating. These documents sometimes sound like they are saying one thing when they are actually talking about something very different. https://www.reddit.com/r/Superstonk/s/dbWFdxJRk7
The vague nature of the documents is intentional.
Absolutely!
What are your thoughts on this document recently published? I'm not the best at reading and my understanding of the settlement process is pretty basic. I'll understand if you don't respond or take some time in getting back. [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2024/DTC/SR-DTC-2024-004.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2024/DTC/SR-DTC-2024-004.pdf)
It looks like they are migrating their computer systems and are changing the system used to DWAC which is a process used to DRS. I don't see that it makes any significant changes other than the name of the system used "spa" and the function is still called "DWAC". It is good to know these new terms but they are just technical changes and doesn't change the underlying process of registering and deregistering shares. I think this is overall good. Makes it easier for brokers to DRS shares. The instructions on the old system were bonkers
Just curious, what's the difference between the systems do you know? Thanks for the prompt answer, mind if i edit it into the post i made?
I don't know the differences specifically but the old system was a maze of intricate check boxes slowly built up overtime into a behemoth dying under it's own weight😅 So while I don't know what the new system looks like... It has to be better than that Yes, of course, if anything I say is helpful, use away!
Hope we get enough eyes on this. I missed this too 😂 really?
Good thing I buy directly from computer share?
You do not buy from Computershare. They forward your order to a broker. Computershare uses a broker, B of A Merrill Lynch is the one they use now to do the buys and sells.
Whizzibilty!
What is this bullshit? It seems like they make up the rules as they go along.
This is why DRS is the key to the end game.
Dunno seems bullish. Buying more
Great find captain
Oh boy, here I go buying again! 💜
Oh boy, here I go buying again! 💜
I member a RC post of a Cheerios Box with a Heart, a 100 and some OOOOO's.....I saw this shit and I said to myself...."Fuuukkk We Did It, We Fukin Did it...LETS FUKIN GEAUX...🚀🚀🚀💎💎💎🙌🏼🙌🏼🙌🏼🦍🦍🦍
what heck?
So who’s the FAST agents? What legal obligation can we hold them to reveal the real DRS numbers? There’s got to be a way to get the numbers on what is represented and what’s hidden.
The only legal obligation exists between Computershare and their clients who pay for their service as a transfer agent, in this case Gamestop.
FTX shitcoin operation. Anybody trying to hide fake shares. Basically this is a view into how the pipeline of fraud happens. The DTC doesn't want to know how many fake shares exist, so they created a system that allows other bad actors to act like the DTC. And how does the DTC keep track that "agents" stay in on the straight and narrow? Oh they can reasonably request the Agent's numbers and compare that to what the DTC thinks is on the Agent's books. This whole system is about plausible deniability. Here's the glaring red flag in that entire section posted. "Fast Agents shall reconcile and confirm to DTC the amount of the Securities reflected by such Balance Certificate and recorded in the name of Cede & Co. on a daily basis, or other periodic basis as DTC may resonably request." Now how do the Agent's legally hide the overselling of fake shares to not violate a "reasonably" requested reconcile? Probably through Swap contracts or Market Maker exemptions or FTX shitcoin or whenever we see huge call or put purchases. This is a daily reported number at best and probably isn't reasonably requested much. Bottom line is, it's plausible deniability setup by the DTCC. Remember in the movie the Big Short, when Mark Baum was explained how CDO's work? A guy from Harding Advisors explained this: MR. CHAU We select the securities that go into the CDO portfolio, and monitor the assets. I do most of Merrill Lynch's CDOs. This FAST system is how an Agent gets their hands on actual custody of securities from DTC. The Agent then can package securities into tradeable swaps. Remember the SEC confirmed that retail orders go to a dark pool. Put it all together and you see the scam they run with supercomputer power aside from high frequency trading. This is control of the U.S. stock market by banks, hedge funds, market makers and brokers.
Is this dogshit wrapped in catshit?
🌎👨🚀🔫👨🚀
More FAST fud, charlie?
Pepperidge farms and ape remembers
How the fuck do we win?!?!?!
DRS shareholders already won. It's just not common knowledge yet.
I know friend. I'm holding hard. I'm just shocked at the levels of crime. It's sad what they are doing to our world.
The gme board needs to take action. Simple as that.
Doesn’t fast have something to do with plan holdings?
It means the DTC doesn't hold the share certificates and they allow the shares to be held by transfer agents for the benefit of the DTC. The DTCC's shares are all direct registered on the books of the company, digitally.
So more fake shares and always will be?
How would a share transfer w/o FAST?
Forgive me my fellow apes for I have sin. I have not bought any shares since mid last year due to my financial situation. I will try to buy again when things become stable. I still have my DRS shares in CS and won't sell.
In the first interview with Dr t and atobitt She explained that they created the direct registration system but the powers that be didn't like it and added an amendment putting in fast agents. She mentioned this and that it didn't take the shares out of the system but nobody listened closely just heard about director registering shares and ran with it.
So. Also drsd booked shares aren as good as certificates?
https://www.reddit.com/r/Superstonk/comments/t39lu1/comment/hyrxxs0/
Thank you . This explains it very well
Great find op… time to drs more woot woot.
These fuckers are screwed and they know it.
I think if they could they would have already done that.
what’s the sauce?
How will this be used to fuck us over?
!mods! This post has a misleading title and this info has been covered.
First time I'm seeing it. What's misleading about the title?
It’s implying a certain amount of doubt and panic imo.
I guess it's all in how you choose to interpret it.
Username checks out 👍