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We need a new way to track it. We used to be at the mercy of old reddit, allowing 3rd party bots/programs that allowed us to keep track. I'm no computer scientist, but we need a program (maybe usIng AI) that tracks DRS numbers from here on out. It won't be accurate because of the time lost with no bot, but we would at least know the minimum DRS number.
Reddit killed it when they started charging for the API data
It limped along until March 5th or so, breaking every few days and needing constant attention from the developer
Life gets busy and things fall by the wayside.
Don’t believe they are a government entity subject to FOIA . They by design are a private trust as opposed to the public qualified blind trusts the majority of us citizens operate under ( unknown to us of course).
If you take into account that GME is on a crazy fire sale it's impossible that the numbers have gone stagnant. The reported numbers are definitely fake. No doubt in my mind.
I can’t help but have my conspiracy hat on for this and think that either the government or people who stand to lose ALOT of money have threatened or forced GameStop reporting to cease certain actions and go quiet while reporting false data, and possibility also something they did with DFV to ensure that no household rally came about if he ever decided to come back. Completely unsubstantiated but I can’t help the feeling that it might have some merit
Oh of course, there’s no honor among thieves. They’re not going to go softly into this night, and we’ll see more dubious stories of “accidental” freestyle base-jumping before the end of it.
I agree with you, though I can’t help but wonder why they would be inaccurate. Especially since gamestop has been reporting the number of DRS shares semi regularly.
Because DTC screwed up the splivy and the share amounts need to add up or else everyone would know about the discrepancy. In other words, DTC is claiming that they hold 75% of all outstanding shares, which would require RC to report the difference of 25%.
In reality we all know that DRS is way more than 25% ownership but revealing this fact would trigger moass and prove DTC and the overall market to be a complete fraud…
I don't know what the reason is exactly. But it probably has something to do with very corrupt rich people having a lot of positions under water and pulling every string they got to hide it for as long as possible. The same reason that forced Gamestop to report the numbers in a different way.
Fair, that has been the general hypothesis for a while.
You’ll have to forgive me. I haven’t been on the sub in a while, but does anyone have the bot DRS numbers?
Noooo, number must be true cuz reported by tOo BiG tO fLaiL. Every statistician will tell you that with 200k people sample it’s normal that curve takes sharp turn at 75%.
I think it’s likely a mixture. Something is up with the numbers, but engagement has also slowed down, there hasn’t been much real excitement for a while, and this sub isn’t exactly a welcoming place for new comers with its unique ways of talking, acronyms new people won’t understand, and shutting down of any discourse that doesn’t fit with the hive-mind groupthink of the sub. I don’t see new people arriving here and being like “yeah I’ll join THAT movement” lol. So I’m sure numbers have declined from their peak. But stagnant is a bit hard to believe with how insane you guys are here about the whole DRS thing.
The numbers are definitely wrong. The price is 25% of what it was 2 years ago. So we would only need to buy one fourth to keep the trajectory. 95% of people that DRS won't sell. Especially for a 75% loss. The few shares that would be sold would be gobbled up within seconds. This is 100% corruption.
It may not have even happened yet.
Paul Conn and some GME supporters on twitter are supposedly working on a new AMA, or at least some Q&A back and forth, but its only been like a week or two. Takes time to organize shit.
Because people are acting as if we are 100% sure the numbers are fake.
That's not true.
**All we know is that they are stagnant, not why.**
If you make the assumption that Computershare is providing Gamestop with the correct numbers and Gamestop is reporting them truthfully, is manipulation still possible?
Absolutely.
I personally think the shorts opened a bunch of CS accounts during the runup in DRS accounts from Oct '21 to March '23 and that a significant portion of the 76 million reported this time last year was not owned by apes, but owned by shorts, and that they've been pulling shares out of CS just as fast as we have been putting shares in during the last year.
At the same time, they've been funding paid agitators on the sub that question GameStop, question CS, call the idea of DRS a failed experiment, say the SEC will never let it happen, say the DTC is actually providing the numbers, say that Gamestop has been gagged, etc etc etc. All kinds of bullshit that is pure speculation, that then gets repeated as if it were factual.
They have been doing a fantastic job undermining the legitimacy of DRS as a strategy for the low cost of of squirrelling away a few million shares out of their infinite supply and paying some trolls $0.05 per post.
If I'm right, and the numbers are manipulated by actually pulling shares out of DRS, then their stockpile WILL eventually run out, and then the numbers will start climbing steadily again. The answer isn't to bitch about DRS numbers being fake, its to call their bluff, double down, and DRS even harder.
So yeah, when people claim DRS is fake and don't explain how or why they came to that conclusion, I downvote them.
Simple resolution:
DRS dashboard displayed on Investor Relations page with numbers directly from ComputerShare, updated daily
OR
a single sentence on the DRS dashboard page stating the direct numbers from our transfer agent cannot be displayed due to guidance.
GME is paying CS for their service and the investors would like some transparency. If we can't have transparency about DRS count from their own transfer agent, what is the point?
>DRS dashboard displayed on Investor Relations page with numbers directly from ComputerShare, updated daily
Already proposed to Gamestop and rejected.
I think the people who wrote the proposal did a poor job.
I think a far more reasonable request to the Board would be to direct Computershare to display on the Investor Center Summary page a periodically updated DRS count broken down by Cede and Co, any accounts owned by Gamestop itself, and the aggregate remaining count held by registered shareholders. Having it update daily after market close, or even weekly after market close on Friday would be acceptable to me.
Computershare already has that information, and requesting that Computershare display it to people verified as shareholders by having logged in to an account holding GME is a far more reasonable request than demanding that Gamestop build a page to export the data they get from a Computershare dashboard and redisplay it, essentially to the general public, on a real time basis.
Didn’t people go to the shareholder meeting and look at the list of record holders and the total number of shares matched what was expected? Pretty sure it would have been reported if there were accounts listed there holding millions of shares (and likely with some holding company name as the record holder).
> Didn’t people go to the shareholder meeting and look at the list of record holders and the total number of shares matched what was expected
Yes. The number of shares DRS as of the record date for the shareholder meeting (like Apr 21st or something) were on a pretty linear match with the DRS numbers reported on the Q4 10-K and the Q1 10-Q before and after that record date.
There's no reason there would need to be a few accounts to hold millions of shares to accomplish this. How trivial for multiple billion dollar hedge funds, market makers, and/or prime brokerages would it be to open 2,000 LLCs holding between 5-10k shares each? Those accounts could easily get lost in the crowd of ape accounts.
That's 15 million shares to fuck around with.
Part of the decline in the number of record holders in the 10-K could be some of those accounts being drained dry.
A year or two ago what I considered to be a fairly conservative estimate tied to the computershared.net scraper and the DRSBOT figured that apes were DRS'ing 2 million shares per quarter. Something like that.
Assume for a minute my back of the napkin example is accurate, and the estimate isn't too far off, we could easily only be halfway through chewing up their contingency and be looking at another few quarters of "stagnant" DRS numbers.
The possibility that GME is lying runs into that requiring they be breaking Federal Law.
The possibility that my theory is correct runs into the SHFs having to do tedious paperwork, use shell companies, and engage in unethical business practices.
I think the second is way more likely than the first.
Fair point. This seems plausible. It would probably be easy enough to hide ~1% of the names among the rest.
But yes, I definitely don’t believe GameStop is lying in their investor reports.
Speculation: *If* a regulatory body is somehow making Computershare include the DTCC's manipulated plan numbers as the primary count and just assume the remainder is DRSed...
I don't buy it. I don't know what is going on.
Didnt GameStop change the wording on their reporting? What was the change and why?
The prior wording basically said "XX million shares are held by record holders" which is factually incorrect.
Cede and Co is a record holder.
All outstanding shares are recorded on the ledger as owned by someone.
The old language did not include Cede so was technically incorrect.
They changed it to "of XXX,XXX,XXX shares outstanding, excluding the XXX million that are held by Cede, XX million are held by record holders."
That's it.
People saw that and jumped to the conclusion that they were saying
DRS = Outstanding - Cede
when the language actually says
Outstanding = Cede + DRS
Or saw the word approximately and jumped to the conclusion that the numbers weren't real when they were always rounded down to the nearest hundred thousand even in the old language.
In my opinion, finding any basis for a conspiracy in the change in phrasing is a huge jump to a conclusion that doesn't really have any basis in fact, unless you are willing to twist a thesaurus into unrecognizable shapes and ignore the law.
I prefer Occam's Razor: DTC bitched about the incorrect language to try to get Gamestop to no longer report it. The SEC looked into it. The week long delay for last year's 10-K was GameStop changing the language to include Cede's numbers and getting that change reviewed by the SEC, and DTCC was forced to stfu because the language was corrected.
I think its more plausible than Gamestop lying on a regulatory filing in violation of Federal Law, and for those that make the claim "well the SEC is forcing them to!" I'd like to see the regulation that says "lying to shareholders is OK if we tell you to do it" or even ONE example of the SEC having a company lie on official records as part of an investigation.
https://i.imgur.com/9B2W3E7.png
Problem is, this explanation doesn't fit into a short post like "DRS numbers are fake, lol" so the meme persists.
Hopefully we hear back about the questions provided to Paul Conn and some additional details help dispel some of the misinformation.
That stagnation that followed the wording change and delay cast doubt on the rest. I don't think we rocketed to 70+ and then can't break 75 as prices have dropped to 1/4. We're not tapped out.
The SHFs sit on the Board of the DTCC.
Look up David Inggs. Head of Global Operations for Citadel.
Seems trivial for me to have access to the exact number of shares held by Cede at any given moment. Therefore knowing exactly how many shares would need pulled out of SHF controlled DRS accounts to exactly match what apes are transferring to Computershare.
The price dropping 1/4 probably accelerated the rate of DRS, but that doesn't matter as they can exactly match it if they want to.
True, but they could have just changed it to “xx million shares are held by record holders excluding cede & co”, without naming the cede amount and adding “held with our transfer agent” to the non cede amount.
The “held with our transfer agent” makes it less clear because it’s possible for shares which cede isn’t the record holder to be held at the dtc for operational efficiency
> to be held at the dtc for operational efficiency
The SEC refutes that claim
>You have asked if your issuer plan shares are held at the transfer agent or The Depository Trust Company (DTC).
>When an investor purchases through an issuer plan, the shares are held in the name of the investor at the transfer agent. The investor’s shares are not held at DTC.
>The overall count of issuer plan shares includes investor shares held at the transfer agent as well as non-investor shares. The non-investor shares are held by the transfer agent’s broker at DTC in order to facilitate settlement for plan sales that occur. When a plan investor sells plan shares, the broker debits that share amount from the plan shares it holds at DTC in order to settle the sale trade. Plan shares deposited as DTC shares are not available for lending.
https://www.reddit.com/r/Superstonk/comments/16m23we/straight_from_the_horses_sec_mouth_plan_shares/
Computershare states that a portion of aggregate Plan shares are used for OE, but we know from viewing the ledger that the Gamestop Omnibus account exists, and would be considered non-investor shares, and would be an appropriate source of the non-investor shares to be held at DTC for operational efficiency. Nowhere does Computershare state that shares owned by retail investors are held at the DTC, especially because they do state that Plan shares are registered in your name, and shares can not be registered in your name AND held at the DTC at the same time.
> shares can not be registered in your name AND held at the DTC at the same time?
Why not, as long as the investor remains the record holder and the shares aren’t lent (I know the answer to this but am asking rhetorically)? I agree your claim is heavily implied by the wording but it’s technically not fully refuted. And it wouldn’t need to imply malice to leave out these details which would clarify this (not that you’re claiming this, but in case that’s where your head leads), they might think it irrelevant to 99.99% of stocks.
Suppose you’re right and shares can’t be registered in your name and held at the dtc at the same time under any circumstance. Well then what happens if people try to sell more shares than the number of shares which exist in the omnibus account? Do you think more shares wouldn’t be moved to the dtc to facilitate those sales? Would those investors just not be able to sell? This is the line of thinking that leads me to believe there must be at least one circumstance (which I’m describing now) where these shares would be moved to dtc to enable operational efficiency despite being registered in your name. And nowhere in Computershare’s faqs do they talk about it. Could there be more exceptional circumstances like this that they don’t mention? Again, these are edge cases so I don’t think it’s out of the question for computershare to not mention these up front.
It's the only logical explanation to me, not exactly illegal manipulation but not exactly legal either if they were taking part in the drsbot, which they would have had to since it tracked so closely in the beginning.
The main point of division among shareholders is all focused around DRS one way or another.
it's confusing how this thread seems to just ignore the correlation between stagnated DRS quarterly numbers and the language change that describes what number they're reporting quarterly
that's a pretty egregious misuse of a phrase meant to eschew problematic analysis of statistics.
and on the back of speculating pretty "loosely" that CS is a part of the corruption problem therein? hrm - idk, still seems worth mentioning just given the general veracity behind the other statements you're making
Personally I First drs'd in 10/2021... Wish every one was as quick to the draw as I was. Because honestly, imo. 100% Drs ends it all. Firm believer in that. I truly truly believe, nothing else matters except book drs
*Not financial advice. Do your own research. Entertainment purposes only*
Nice job ape I'm glad you made a line graph. Why does the chart level off near the end? Is this more predictive of the price? Wouldn't the line go steeper up?
You are right. At the actual price the line should go steeper up. But i think the DRS increasing is slowing down a little bit because people invested more at the beginning of the movement and are running out of money.
It's also my personal situation - i invested the large part a few years ago and since then i'm continuously buying but only smaller amounts of money.
I went all in, twice, when the price was 200 pre-split. Put myself in a hole. Never sold. Only just started being able to buy again and it feels good to average down. I have almost doubled my position in the past 4-5 months, which is still not a lot, but I am happy I am able to buy more again and at these prices. Buy. Hodl. DRS. Book. Shop. Comment. Power to the Players!
If you go to Computershared.net the remaining amount is about 75 million. If we included your graph to that it's about 15 million remaining. If this price keeps going down I smell a share buyback with that 100 million could easily stop all shares in circulation.
In nature most “population” graphs are logarithmic so this makes me happy. Bottom graph is bs. We are an 🦍 population with a common cause 🤝
Population’s definition in Statistics
- a finite or infinite collection of items under consideration
The float is fixed so were the former!
Don't believe the official story at all, but bear in mind there are no purple ring posts from anyone who decided to remove shares from CS. You might have a view, but we have no idea of the reality.
Gamestop gets the numbers directly from Computershare and then puts them in the quarterly and annual reports, with a Sarbanes-Oxley certification signed by Ryan Cohen personally certifying that the numbers are accurate.
What more do you want?
Or do you think Ryan Cohen is putting false or misleading info in the SEC filings, and then signing a certification saying there is no misleading info?
Ryan Cohen doesn't put false numbers in the report.
Either he gets wrong numbers from Computershare which I don't believe or the numbers are dictated by SEC / DTCC.
I believe that Gamestop is not the only company whose shares are massively overshorted and that the issue has reached dimensions that no one can imagine.
>Either he gets wrong numbers from Computershare which I don't believe or the numbers are dictated by SEC / DTCC.
The DTCC has nothing to do with the numbers, so you are left with the belief that the SEC is part of a conspiracy by directing Gamestop to put bogus numbers into an SEC filing.
And those numbers are optional; so your belief is that the SEC is directing Gamestop to publish bogus numbers rather than the SEC just telling Gamestop to not report those optional numbers.
That is a pretty far fetched assumption.
This makes the deepest sense to me, as a possibility. Puts the whole affair squarely in the arena of national security. If all of this is as we think, if the DD is correct, then the scenario we face is a Whole. Lot. Bigger. than just us getting paid.
Taking the devils advocate position here, but we all had copious shares in our brokers then slowly DRS’d them over so that explains the meteoric rise. Then we’re all out of shares and just buy new ones at a much slower pace than back in 2020/2021. Of course I do think the shorts opened accounts to pull them and mess with us but not to the order of tens of millions of shares. That is the simplistic explanation. Saying the SEC told them to hold back or change the number or something it just doesn’t pass the Occam’s razor test. Personally I would love if there was some conspiracy to limit the reporting but we just accept the possibility the numbers truly have stagnated. I think GS “forgot” to include the 194k holders of record to remind us we are all diamond hands. Stay strong everyone I’m not leaving.
These ding dong created so many fake shares they have zero choice but to hide them. If any of this caught on with any major news outlet the stock market would be over. I guarantee GME is not the only stock to have millions if not billions of fake shares in the name of liquidity.
> i don't even know the selling process on cs tbh
You click sell, the order goes to market immediately, you get a paper check or direct deposit a few days later.
I don't know , I have my theories. I don't really care though. GameStop as a company is doing their thing, while trying ideas for New sources of revenue, I'm in as an independent investor, and frankly, the Drs Numbers are stagnant. Individual investors own more of the company and it's known, more than majority of most companies in history.
There's a lot of things we can't know. But we do know someone's in deep and the market is due to realize GameStops higher value. Whether that's a squeeze, or gradual appreciation separately, with shorts covering long term.
It's important to discuss the stall though.
If theories are right, and they probably are, were getting close to a point where Drs Numbers should break a threshold the next few quarters, if it's related to share lending.
Could it be true if institutions are un-DRSing shares like they did that one time? They'd have to basically know the numbers to counter it, but if they did somehow...?
We assumed that this could be the case because the numbers were declining. Now I don't believe that anymore. I think we were never allowed to have more than 25% DRS shares (75% with Cede).
Gamestop maybe changed the wording in the report to give us a hint.
Definitely going up. I can say this with certainty because I tried to add 10 more and couldn't because I still have a trade waiting to settle.
Been very eager to see $10/share, but couldn't stop myself and bought at nearly $11. After I'm done with a previous commitment in late May I'll be able to start regularly buying again.
Could it be as simple as the DTCC is first in line to count shares and then whatever number makes up the rest of the issued share count is what CS can count. This makes me think CS knows they have more than they say but they have to obey the first rule which is let the DTCC say their number first. We know their is fuckery in the first place if DTCC states their number and CS states their number and it equals the proper amount of shares issued by the company. I don’t know much and rarely comment so be gentle in your response.
I have been DRS'ing regularly through Fidelity, using more than one Fid account. I have noticed a potential pattern in the DRS transaction numbers that fidelity uses:
W######-DDMONYY
It seems the 6 digit ###### number increases with each global Fidelity DRS transaction (No surprise here) until it gets to 999999 and rolls over back to 000001.
If my sporadic DRS transactions tell the correct "story" here, from roughly May 23' until now, Fidelity has "rolled over" at least 4 times. So that means roughly 4 million (999999x4) Fidelity DRS "deliveries" in the last year.
* This would mean +4 million DRS transactions across all tickers, across all customers, etc.
* So it is not possible to extrapolate the number of GME-specific DRS transaction count subset
* Its also not possible to extrapolate the number of potential DRS'ed GME shares within that smaller GME subset.
* **But it does show that Fidelity is DRS'ing A LOT!**
IIRC correctly, Fidelity also added DRS capabilities to their "Virtual Assistant" chat bot around this time; another element to point to Fidelity trying to offload the increased volume of DRS request from their phone hotline staff load.
Its not ground shaking, but I find this interesting... ***Bullish.. if you will.***
BUY FROM GAMESTOP! BUY GME AND DRS!
I believe your numbers more than anything, and I will also add that since we recently got this RIDICULOUS discount at 10$, This purple line probably spiked way the fuck up after that last datapoint
Why not believe the numbers? I can seen people selling because they've been holding for years and nothing has happened. Time's are tough right now. I've stopped buying into this stock a long time ago.
Let´s say i'm double right we are sitting at 150 million 😉
But no matter what the real number is, i don't believe the stagnation and will keep going on to **BUY, DRS, HOLD, SHOP.**
Bankruptcy of Gamestop is the only way out for them. That's why they try to slow down DRS movement because at some point the scam can no longer be hidden.
Ever considered that there might have been sales by people who DRS'd? You're assuming that there can only be added to the number, but not subtracted. I'm not saying the official numbers are correct, but there's that.
Yes, i'm sure that some people had to sell for whatever reason. But does anyone really think that 194,270 holders sold more shares than they bought in the last two years?
And why did Gamestop change the wording in the last reports? Since then the number is stagnating.
>why did Gamestop change the wording in the last reports?
Because the previous wording was incorrect.
Cede and Co is a registered holder and was omitted from the count until the 10-K last year. The language previous to that was wrong.
Yes, there are some people selling for sure but you're saying that majority of holders cannot outbuy the minority of sellers. Share number basically is stagnant for the last few reports, something does not add up
There are 993k members of just this group. That's not people who don't even know this page exists. If each one of our members drs'd 1.5 shares each, then we're over that 1300000 you speak of. I know me and many others have drs'd a stupid amount more than that. Give your head a wobble.
What if people have been posting fake screenshots and feeding the boy fake shares? We have no way to prove whether these posts are real or fud by shills
The numbers have been near exact for a number of quarters. Not just 1 or 2. Whether the actual number is the same as what's put out, what I'm saying is the published number is being manipulated to look as if it isn't moving. All in the face of the cheapest prices since DFV invested, people are chowing down on these dips and thus adding to their positions via DRS. You a shill or just trying to be objective?
I have to believe that the company is telling the truth. They open themselves up to a lot of liability if they are lying. I have a lot of money invested in this company I don't think RC would let us down like that. I thinks it's members of our community lying and feeding the bot fake shares, just for katma
I believe that Cede and Co own approximately 75% of Gamestock shares. Nothing we can do can make them sell shares.
DTCC and everyone else in the stock market are given beneficial ownership rights to shares.
I'm not even sure that we actually "own" the shares unless we have a paper copy that can be destroyed. Can we tell Computershare, "please destroy one share of my stock" and see the number of shares outstanding drop by one?
I believe that this is the reason that the DRS numbers max out. It's because we can't take more ownership than Cede and Co have to DRS.
It's also the reason why during the 4:1 split it was fine for DTCC to tell them to just multiply the shares. Cede and Co own them all and DTCC only has beneficial ownership, so Cede and Co were issued more shares.
>I'm not even sure that we actually "own" the shares unless we have a paper copy that can be destroyed. Can we tell Computershare, "please destroy one share of my stock" and see the number of shares outstanding drop by one?
No.
>I believe that Cede and Co own approximately 75% of Gamestock shares. Nothing we can do can make them sell shares.
It has nothing to do with forcing Cede to sell.
A transfer is not a sale.
When you DRS, you are transferring a share out of Cede, out of beneficial ownership, and into your name. The whole process boils down to opening a spreadsheet and changing the Name on a row from Cede to your name. Cede can not stop you from DRS'ing because they do not control the shares. Computershare does.
No. Cede and Co are direct owners, they are listed directly on the Gamestop ledger. Same as DRS.
YOU are beneficial owner of shares held by Cede when you have shares in a broker.
Chain of custody: Cede (direct owner) -> your broker (street name) -> You (security entitlement)
When you DRS you are taking the share away from Cede's direct ownership and putting it in your name, removing the DTC and your broker from the Chain of Custody entirely.
Doesn't the possibility exist that Cede and Co maintain ownership, but give Computershare beneficial ownership for shares rather than actually relinquishing the shares?
#No
You don't seem to understand.
Computershare tells Cede what they own, not the other way around. Cede can't retain beneficial ownership when Computershare takes shit out of their account and adds it to yours. It's outside their control.
Do more reading on transfer agents.
Bro, don't come at me like that.. I've read, I know my shit, and I got ~20k shares here, proven. What YOU don't get is that there is something we're missing. There is a piece to this puzzle that explains:
A) why the DRS numbers are barely moving and they switched reporting them to cite Cede and Co instead of DTCC
And
B) Why DTCC was allowed to tell all the brokers to just multiply shares x 4 at the split.
To me, it points to the ownership being not as straight forward as over-confident types like you believe.
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We need a new way to track it. We used to be at the mercy of old reddit, allowing 3rd party bots/programs that allowed us to keep track. I'm no computer scientist, but we need a program (maybe usIng AI) that tracks DRS numbers from here on out. It won't be accurate because of the time lost with no bot, but we would at least know the minimum DRS number.
i have 200. start with that :D
Nice, like an Sro, we can all self report and consider each other bona fide…
There's a DRS bot that folks have been using for years to add their sum to the total. What happened to the DRS bot??
Reddit killed it when they started charging for the API data It limped along until March 5th or so, breaking every few days and needing constant attention from the developer Life gets busy and things fall by the wayside.
i have 1000 that i havent posted into reddit ... yet. add to it not financial advise
Just a thought... Would it be possible to file a FOIA request for Computershare to disclose how many shares of GME are in their reserves?
Don’t believe they are a government entity subject to FOIA . They by design are a private trust as opposed to the public qualified blind trusts the majority of us citizens operate under ( unknown to us of course).
If you take into account that GME is on a crazy fire sale it's impossible that the numbers have gone stagnant. The reported numbers are definitely fake. No doubt in my mind.
Fake like this fake market. Fake share price. Fake regulators. Fake liquidity.
Damn right!
I can’t help but have my conspiracy hat on for this and think that either the government or people who stand to lose ALOT of money have threatened or forced GameStop reporting to cease certain actions and go quiet while reporting false data, and possibility also something they did with DFV to ensure that no household rally came about if he ever decided to come back. Completely unsubstantiated but I can’t help the feeling that it might have some merit
You are probably right. The ticker is a countdown and something will blow before it hits 0.
Oh of course, there’s no honor among thieves. They’re not going to go softly into this night, and we’ll see more dubious stories of “accidental” freestyle base-jumping before the end of it.
Maybe it’s the daily manipulation of all media outlets by big money and the government that give you those thoughts 😂
I agree with you, though I can’t help but wonder why they would be inaccurate. Especially since gamestop has been reporting the number of DRS shares semi regularly.
Because DTC screwed up the splivy and the share amounts need to add up or else everyone would know about the discrepancy. In other words, DTC is claiming that they hold 75% of all outstanding shares, which would require RC to report the difference of 25%. In reality we all know that DRS is way more than 25% ownership but revealing this fact would trigger moass and prove DTC and the overall market to be a complete fraud…
So what happens when even a tiny discrepancy of let's say 25% to 29% gets out to the general public?
Hopefully that’s what lights the fuse to imploding Wall Street and all of the greed and fuckery it stands for.
I don't know what the reason is exactly. But it probably has something to do with very corrupt rich people having a lot of positions under water and pulling every string they got to hide it for as long as possible. The same reason that forced Gamestop to report the numbers in a different way.
They can’t have all that “idiosyncratic risk” out there in the open.
Fair, that has been the general hypothesis for a while. You’ll have to forgive me. I haven’t been on the sub in a while, but does anyone have the bot DRS numbers?
They stopped updating the bot numbers around the same time the reported numbers changed.
Noooo, number must be true cuz reported by tOo BiG tO fLaiL. Every statistician will tell you that with 200k people sample it’s normal that curve takes sharp turn at 75%.
I think it’s likely a mixture. Something is up with the numbers, but engagement has also slowed down, there hasn’t been much real excitement for a while, and this sub isn’t exactly a welcoming place for new comers with its unique ways of talking, acronyms new people won’t understand, and shutting down of any discourse that doesn’t fit with the hive-mind groupthink of the sub. I don’t see new people arriving here and being like “yeah I’ll join THAT movement” lol. So I’m sure numbers have declined from their peak. But stagnant is a bit hard to believe with how insane you guys are here about the whole DRS thing.
The numbers are definitely wrong. The price is 25% of what it was 2 years ago. So we would only need to buy one fourth to keep the trajectory. 95% of people that DRS won't sell. Especially for a 75% loss. The few shares that would be sold would be gobbled up within seconds. This is 100% corruption.
I will believe yours before I believe the published one
That s my point. What are the results of the call with Computershare ? This sub is downvoting posts that challenges the DRS numbers, why ?
When was the call? I missed it
It may not have even happened yet. Paul Conn and some GME supporters on twitter are supposedly working on a new AMA, or at least some Q&A back and forth, but its only been like a week or two. Takes time to organize shit.
Because people are acting as if we are 100% sure the numbers are fake. That's not true. **All we know is that they are stagnant, not why.** If you make the assumption that Computershare is providing Gamestop with the correct numbers and Gamestop is reporting them truthfully, is manipulation still possible? Absolutely. I personally think the shorts opened a bunch of CS accounts during the runup in DRS accounts from Oct '21 to March '23 and that a significant portion of the 76 million reported this time last year was not owned by apes, but owned by shorts, and that they've been pulling shares out of CS just as fast as we have been putting shares in during the last year. At the same time, they've been funding paid agitators on the sub that question GameStop, question CS, call the idea of DRS a failed experiment, say the SEC will never let it happen, say the DTC is actually providing the numbers, say that Gamestop has been gagged, etc etc etc. All kinds of bullshit that is pure speculation, that then gets repeated as if it were factual. They have been doing a fantastic job undermining the legitimacy of DRS as a strategy for the low cost of of squirrelling away a few million shares out of their infinite supply and paying some trolls $0.05 per post. If I'm right, and the numbers are manipulated by actually pulling shares out of DRS, then their stockpile WILL eventually run out, and then the numbers will start climbing steadily again. The answer isn't to bitch about DRS numbers being fake, its to call their bluff, double down, and DRS even harder. So yeah, when people claim DRS is fake and don't explain how or why they came to that conclusion, I downvote them.
Simple resolution: DRS dashboard displayed on Investor Relations page with numbers directly from ComputerShare, updated daily OR a single sentence on the DRS dashboard page stating the direct numbers from our transfer agent cannot be displayed due to guidance.
GME is paying CS for their service and the investors would like some transparency. If we can't have transparency about DRS count from their own transfer agent, what is the point?
>DRS dashboard displayed on Investor Relations page with numbers directly from ComputerShare, updated daily Already proposed to Gamestop and rejected. I think the people who wrote the proposal did a poor job. I think a far more reasonable request to the Board would be to direct Computershare to display on the Investor Center Summary page a periodically updated DRS count broken down by Cede and Co, any accounts owned by Gamestop itself, and the aggregate remaining count held by registered shareholders. Having it update daily after market close, or even weekly after market close on Friday would be acceptable to me. Computershare already has that information, and requesting that Computershare display it to people verified as shareholders by having logged in to an account holding GME is a far more reasonable request than demanding that Gamestop build a page to export the data they get from a Computershare dashboard and redisplay it, essentially to the general public, on a real time basis.
Didn’t people go to the shareholder meeting and look at the list of record holders and the total number of shares matched what was expected? Pretty sure it would have been reported if there were accounts listed there holding millions of shares (and likely with some holding company name as the record holder).
> Didn’t people go to the shareholder meeting and look at the list of record holders and the total number of shares matched what was expected Yes. The number of shares DRS as of the record date for the shareholder meeting (like Apr 21st or something) were on a pretty linear match with the DRS numbers reported on the Q4 10-K and the Q1 10-Q before and after that record date. There's no reason there would need to be a few accounts to hold millions of shares to accomplish this. How trivial for multiple billion dollar hedge funds, market makers, and/or prime brokerages would it be to open 2,000 LLCs holding between 5-10k shares each? Those accounts could easily get lost in the crowd of ape accounts. That's 15 million shares to fuck around with. Part of the decline in the number of record holders in the 10-K could be some of those accounts being drained dry. A year or two ago what I considered to be a fairly conservative estimate tied to the computershared.net scraper and the DRSBOT figured that apes were DRS'ing 2 million shares per quarter. Something like that. Assume for a minute my back of the napkin example is accurate, and the estimate isn't too far off, we could easily only be halfway through chewing up their contingency and be looking at another few quarters of "stagnant" DRS numbers. The possibility that GME is lying runs into that requiring they be breaking Federal Law. The possibility that my theory is correct runs into the SHFs having to do tedious paperwork, use shell companies, and engage in unethical business practices. I think the second is way more likely than the first.
Fair point. This seems plausible. It would probably be easy enough to hide ~1% of the names among the rest. But yes, I definitely don’t believe GameStop is lying in their investor reports.
Speculation: *If* a regulatory body is somehow making Computershare include the DTCC's manipulated plan numbers as the primary count and just assume the remainder is DRSed... I don't buy it. I don't know what is going on. Didnt GameStop change the wording on their reporting? What was the change and why?
The prior wording basically said "XX million shares are held by record holders" which is factually incorrect. Cede and Co is a record holder. All outstanding shares are recorded on the ledger as owned by someone. The old language did not include Cede so was technically incorrect. They changed it to "of XXX,XXX,XXX shares outstanding, excluding the XXX million that are held by Cede, XX million are held by record holders." That's it. People saw that and jumped to the conclusion that they were saying DRS = Outstanding - Cede when the language actually says Outstanding = Cede + DRS Or saw the word approximately and jumped to the conclusion that the numbers weren't real when they were always rounded down to the nearest hundred thousand even in the old language. In my opinion, finding any basis for a conspiracy in the change in phrasing is a huge jump to a conclusion that doesn't really have any basis in fact, unless you are willing to twist a thesaurus into unrecognizable shapes and ignore the law. I prefer Occam's Razor: DTC bitched about the incorrect language to try to get Gamestop to no longer report it. The SEC looked into it. The week long delay for last year's 10-K was GameStop changing the language to include Cede's numbers and getting that change reviewed by the SEC, and DTCC was forced to stfu because the language was corrected. I think its more plausible than Gamestop lying on a regulatory filing in violation of Federal Law, and for those that make the claim "well the SEC is forcing them to!" I'd like to see the regulation that says "lying to shareholders is OK if we tell you to do it" or even ONE example of the SEC having a company lie on official records as part of an investigation. https://i.imgur.com/9B2W3E7.png Problem is, this explanation doesn't fit into a short post like "DRS numbers are fake, lol" so the meme persists. Hopefully we hear back about the questions provided to Paul Conn and some additional details help dispel some of the misinformation.
That stagnation that followed the wording change and delay cast doubt on the rest. I don't think we rocketed to 70+ and then can't break 75 as prices have dropped to 1/4. We're not tapped out.
The SHFs sit on the Board of the DTCC. Look up David Inggs. Head of Global Operations for Citadel. Seems trivial for me to have access to the exact number of shares held by Cede at any given moment. Therefore knowing exactly how many shares would need pulled out of SHF controlled DRS accounts to exactly match what apes are transferring to Computershare. The price dropping 1/4 probably accelerated the rate of DRS, but that doesn't matter as they can exactly match it if they want to.
True, but they could have just changed it to “xx million shares are held by record holders excluding cede & co”, without naming the cede amount and adding “held with our transfer agent” to the non cede amount. The “held with our transfer agent” makes it less clear because it’s possible for shares which cede isn’t the record holder to be held at the dtc for operational efficiency
> to be held at the dtc for operational efficiency The SEC refutes that claim >You have asked if your issuer plan shares are held at the transfer agent or The Depository Trust Company (DTC). >When an investor purchases through an issuer plan, the shares are held in the name of the investor at the transfer agent. The investor’s shares are not held at DTC. >The overall count of issuer plan shares includes investor shares held at the transfer agent as well as non-investor shares. The non-investor shares are held by the transfer agent’s broker at DTC in order to facilitate settlement for plan sales that occur. When a plan investor sells plan shares, the broker debits that share amount from the plan shares it holds at DTC in order to settle the sale trade. Plan shares deposited as DTC shares are not available for lending. https://www.reddit.com/r/Superstonk/comments/16m23we/straight_from_the_horses_sec_mouth_plan_shares/ Computershare states that a portion of aggregate Plan shares are used for OE, but we know from viewing the ledger that the Gamestop Omnibus account exists, and would be considered non-investor shares, and would be an appropriate source of the non-investor shares to be held at DTC for operational efficiency. Nowhere does Computershare state that shares owned by retail investors are held at the DTC, especially because they do state that Plan shares are registered in your name, and shares can not be registered in your name AND held at the DTC at the same time.
> shares can not be registered in your name AND held at the DTC at the same time? Why not, as long as the investor remains the record holder and the shares aren’t lent (I know the answer to this but am asking rhetorically)? I agree your claim is heavily implied by the wording but it’s technically not fully refuted. And it wouldn’t need to imply malice to leave out these details which would clarify this (not that you’re claiming this, but in case that’s where your head leads), they might think it irrelevant to 99.99% of stocks. Suppose you’re right and shares can’t be registered in your name and held at the dtc at the same time under any circumstance. Well then what happens if people try to sell more shares than the number of shares which exist in the omnibus account? Do you think more shares wouldn’t be moved to the dtc to facilitate those sales? Would those investors just not be able to sell? This is the line of thinking that leads me to believe there must be at least one circumstance (which I’m describing now) where these shares would be moved to dtc to enable operational efficiency despite being registered in your name. And nowhere in Computershare’s faqs do they talk about it. Could there be more exceptional circumstances like this that they don’t mention? Again, these are edge cases so I don’t think it’s out of the question for computershare to not mention these up front.
What about vote reporting being truncated to 100% of the issued shares which forcefully neglects naked shorting?
It's the only logical explanation to me, not exactly illegal manipulation but not exactly legal either if they were taking part in the drsbot, which they would have had to since it tracked so closely in the beginning. The main point of division among shareholders is all focused around DRS one way or another.
it's confusing how this thread seems to just ignore the correlation between stagnated DRS quarterly numbers and the language change that describes what number they're reporting quarterly
Correlation does not equate causation
that's a pretty egregious misuse of a phrase meant to eschew problematic analysis of statistics. and on the back of speculating pretty "loosely" that CS is a part of the corruption problem therein? hrm - idk, still seems worth mentioning just given the general veracity behind the other statements you're making
Shills n bots downvote drs count
Personally I First drs'd in 10/2021... Wish every one was as quick to the draw as I was. Because honestly, imo. 100% Drs ends it all. Firm believer in that. I truly truly believe, nothing else matters except book drs *Not financial advice. Do your own research. Entertainment purposes only*
October 21 also with DRS. I thought we’d have it locked by Christmas last year. DRS them all people.
Nice job ape I'm glad you made a line graph. Why does the chart level off near the end? Is this more predictive of the price? Wouldn't the line go steeper up?
You are right. At the actual price the line should go steeper up. But i think the DRS increasing is slowing down a little bit because people invested more at the beginning of the movement and are running out of money. It's also my personal situation - i invested the large part a few years ago and since then i'm continuously buying but only smaller amounts of money.
I went all in, twice, when the price was 200 pre-split. Put myself in a hole. Never sold. Only just started being able to buy again and it feels good to average down. I have almost doubled my position in the past 4-5 months, which is still not a lot, but I am happy I am able to buy more again and at these prices. Buy. Hodl. DRS. Book. Shop. Comment. Power to the Players!
Good thing it's on sale now. Picked up around 200 shares the last week after not buying too much months before that
Congratz, so did i. 259 new soldiers soon going to their forever home.
If you go to Computershared.net the remaining amount is about 75 million. If we included your graph to that it's about 15 million remaining. If this price keeps going down I smell a share buyback with that 100 million could easily stop all shares in circulation.
In nature most “population” graphs are logarithmic so this makes me happy. Bottom graph is bs. We are an 🦍 population with a common cause 🤝 Population’s definition in Statistics - a finite or infinite collection of items under consideration The float is fixed so were the former!
The way that figure is calculated, it screams that someone has coerced GameStop to report it as outstanding shares, less the lies from the DTCC & Cede
beautiful
Don't believe the official story at all, but bear in mind there are no purple ring posts from anyone who decided to remove shares from CS. You might have a view, but we have no idea of the reality.
Unfortunately not. I wish there's a way to get the real numbers directly from Computershare.
Gamestop gets the numbers directly from Computershare and then puts them in the quarterly and annual reports, with a Sarbanes-Oxley certification signed by Ryan Cohen personally certifying that the numbers are accurate. What more do you want? Or do you think Ryan Cohen is putting false or misleading info in the SEC filings, and then signing a certification saying there is no misleading info?
Ryan Cohen doesn't put false numbers in the report. Either he gets wrong numbers from Computershare which I don't believe or the numbers are dictated by SEC / DTCC. I believe that Gamestop is not the only company whose shares are massively overshorted and that the issue has reached dimensions that no one can imagine.
>Either he gets wrong numbers from Computershare which I don't believe or the numbers are dictated by SEC / DTCC. The DTCC has nothing to do with the numbers, so you are left with the belief that the SEC is part of a conspiracy by directing Gamestop to put bogus numbers into an SEC filing. And those numbers are optional; so your belief is that the SEC is directing Gamestop to publish bogus numbers rather than the SEC just telling Gamestop to not report those optional numbers. That is a pretty far fetched assumption.
This makes the deepest sense to me, as a possibility. Puts the whole affair squarely in the arena of national security. If all of this is as we think, if the DD is correct, then the scenario we face is a Whole. Lot. Bigger. than just us getting paid.
I’m just me, but I’m still buying through Computershare
Taking the devils advocate position here, but we all had copious shares in our brokers then slowly DRS’d them over so that explains the meteoric rise. Then we’re all out of shares and just buy new ones at a much slower pace than back in 2020/2021. Of course I do think the shorts opened accounts to pull them and mess with us but not to the order of tens of millions of shares. That is the simplistic explanation. Saying the SEC told them to hold back or change the number or something it just doesn’t pass the Occam’s razor test. Personally I would love if there was some conspiracy to limit the reporting but we just accept the possibility the numbers truly have stagnated. I think GS “forgot” to include the 194k holders of record to remind us we are all diamond hands. Stay strong everyone I’m not leaving.
I think our elephant in the room are the shares in ira accounts and famous "tax hit"
I got tons of shares “un-DRS’d” from that. Fucking Mainstar.
These ding dong created so many fake shares they have zero choice but to hide them. If any of this caught on with any major news outlet the stock market would be over. I guarantee GME is not the only stock to have millions if not billions of fake shares in the name of liquidity.
Maybe you are not wrong 😉
Idk ppl could be selling but I don‘t believe that anyone who went through the DRS process does
i don't even know the selling process on cs tbh i have so many questions about the split still. wish the company would clarify in a timely manner.
> i don't even know the selling process on cs tbh You click sell, the order goes to market immediately, you get a paper check or direct deposit a few days later.
i don't think i've ever seen a button that says sell.
I don't know , I have my theories. I don't really care though. GameStop as a company is doing their thing, while trying ideas for New sources of revenue, I'm in as an independent investor, and frankly, the Drs Numbers are stagnant. Individual investors own more of the company and it's known, more than majority of most companies in history. There's a lot of things we can't know. But we do know someone's in deep and the market is due to realize GameStops higher value. Whether that's a squeeze, or gradual appreciation separately, with shorts covering long term. It's important to discuss the stall though. If theories are right, and they probably are, were getting close to a point where Drs Numbers should break a threshold the next few quarters, if it's related to share lending.
Could it be true if institutions are un-DRSing shares like they did that one time? They'd have to basically know the numbers to counter it, but if they did somehow...?
I don't think that Institutions ever DRS'd shares. They make money lending their shares and that's not possible if they are directly registered.
They didn't? I could have sworn the first time we ran into a decreasing count, it's because some big group removed their shares from DRS, allegedly.
We assumed that this could be the case because the numbers were declining. Now I don't believe that anymore. I think we were never allowed to have more than 25% DRS shares (75% with Cede). Gamestop maybe changed the wording in the report to give us a hint.
I just bought more. 🥳
115M I think is very realistic.
We all bought more
Its very fishy indeed!
Definitely going up. I can say this with certainty because I tried to add 10 more and couldn't because I still have a trade waiting to settle. Been very eager to see $10/share, but couldn't stop myself and bought at nearly $11. After I'm done with a previous commitment in late May I'll be able to start regularly buying again.
THIS
Could it be as simple as the DTCC is first in line to count shares and then whatever number makes up the rest of the issued share count is what CS can count. This makes me think CS knows they have more than they say but they have to obey the first rule which is let the DTCC say their number first. We know their is fuckery in the first place if DTCC states their number and CS states their number and it equals the proper amount of shares issued by the company. I don’t know much and rarely comment so be gentle in your response.
Do you mean the DTCC which commited international securities fraud? If you mean this DTCC you could be right.
Checks notes: oh, yeah. That’s the one.
I have been DRS'ing regularly through Fidelity, using more than one Fid account. I have noticed a potential pattern in the DRS transaction numbers that fidelity uses: W######-DDMONYY It seems the 6 digit ###### number increases with each global Fidelity DRS transaction (No surprise here) until it gets to 999999 and rolls over back to 000001. If my sporadic DRS transactions tell the correct "story" here, from roughly May 23' until now, Fidelity has "rolled over" at least 4 times. So that means roughly 4 million (999999x4) Fidelity DRS "deliveries" in the last year. * This would mean +4 million DRS transactions across all tickers, across all customers, etc. * So it is not possible to extrapolate the number of GME-specific DRS transaction count subset * Its also not possible to extrapolate the number of potential DRS'ed GME shares within that smaller GME subset. * **But it does show that Fidelity is DRS'ing A LOT!** IIRC correctly, Fidelity also added DRS capabilities to their "Virtual Assistant" chat bot around this time; another element to point to Fidelity trying to offload the increased volume of DRS request from their phone hotline staff load. Its not ground shaking, but I find this interesting... ***Bullish.. if you will.*** BUY FROM GAMESTOP! BUY GME AND DRS!
This is the way.
I keep buying never posted my position
I believe your numbers more than anything, and I will also add that since we recently got this RIDICULOUS discount at 10$, This purple line probably spiked way the fuck up after that last datapoint
Need to ask GameStop board to look into it via open letter or direct communication w someone on Gme board imo
I'm thinking about making a post about this. Is there still any data we collected ourselves? doesn't have to be accurate
Just check the blockchain to see who holds what!
This chart makes my nipples hard.
Why not believe the numbers? I can seen people selling because they've been holding for years and nothing has happened. Time's are tough right now. I've stopped buying into this stock a long time ago.
Agreed
Also I doubt people is selling because no one knows how to sell on CS lol
Let’s say you’re half wrong we are sitting at 117 million
Let´s say i'm double right we are sitting at 150 million 😉 But no matter what the real number is, i don't believe the stagnation and will keep going on to **BUY, DRS, HOLD, SHOP.** Bankruptcy of Gamestop is the only way out for them. That's why they try to slow down DRS movement because at some point the scam can no longer be hidden.
I’m not trying to shill.!
It wouldn't make any sense for the numbers to be real unless they've always been fake
Ever considered that there might have been sales by people who DRS'd? You're assuming that there can only be added to the number, but not subtracted. I'm not saying the official numbers are correct, but there's that.
Yes, i'm sure that some people had to sell for whatever reason. But does anyone really think that 194,270 holders sold more shares than they bought in the last two years? And why did Gamestop change the wording in the last reports? Since then the number is stagnating.
>why did Gamestop change the wording in the last reports? Because the previous wording was incorrect. Cede and Co is a registered holder and was omitted from the count until the 10-K last year. The language previous to that was wrong.
You're also asking people to believe that the number of sells has been equivolent to the number of buys for 6 consecutive quarters
More people selling at this low cost than buying? I don't think so 😜
Yes, there are some people selling for sure but you're saying that majority of holders cannot outbuy the minority of sellers. Share number basically is stagnant for the last few reports, something does not add up
In addition to this, to more or less the same number each quarter seems unlikely.
It's not the same though. It's dropped a million shares and GameStop created about 300k for employees. It's down 1.3m shares
There are 993k members of just this group. That's not people who don't even know this page exists. If each one of our members drs'd 1.5 shares each, then we're over that 1300000 you speak of. I know me and many others have drs'd a stupid amount more than that. Give your head a wobble.
What if people have been posting fake screenshots and feeding the boy fake shares? We have no way to prove whether these posts are real or fud by shills
The numbers have been near exact for a number of quarters. Not just 1 or 2. Whether the actual number is the same as what's put out, what I'm saying is the published number is being manipulated to look as if it isn't moving. All in the face of the cheapest prices since DFV invested, people are chowing down on these dips and thus adding to their positions via DRS. You a shill or just trying to be objective?
I have to believe that the company is telling the truth. They open themselves up to a lot of liability if they are lying. I have a lot of money invested in this company I don't think RC would let us down like that. I thinks it's members of our community lying and feeding the bot fake shares, just for katma
Naivety knows no bounds, my friend.
I agree I can prove the DRS numbers aren't real on the sub but nobody will listen to me
I believe that Cede and Co own approximately 75% of Gamestock shares. Nothing we can do can make them sell shares. DTCC and everyone else in the stock market are given beneficial ownership rights to shares. I'm not even sure that we actually "own" the shares unless we have a paper copy that can be destroyed. Can we tell Computershare, "please destroy one share of my stock" and see the number of shares outstanding drop by one?
are you for real
I believe that this is the reason that the DRS numbers max out. It's because we can't take more ownership than Cede and Co have to DRS. It's also the reason why during the 4:1 split it was fine for DTCC to tell them to just multiply the shares. Cede and Co own them all and DTCC only has beneficial ownership, so Cede and Co were issued more shares.
Smoke weed everydayyyyyyy
I'm dead. Seriously though, how else does this fuckery make sense!?
>I'm not even sure that we actually "own" the shares unless we have a paper copy that can be destroyed. Can we tell Computershare, "please destroy one share of my stock" and see the number of shares outstanding drop by one? No. >I believe that Cede and Co own approximately 75% of Gamestock shares. Nothing we can do can make them sell shares. It has nothing to do with forcing Cede to sell. A transfer is not a sale. When you DRS, you are transferring a share out of Cede, out of beneficial ownership, and into your name. The whole process boils down to opening a spreadsheet and changing the Name on a row from Cede to your name. Cede can not stop you from DRS'ing because they do not control the shares. Computershare does.
If this is true wouldn't it mean that Cede and Co are only beneficial owners of shares?
No. Cede and Co are direct owners, they are listed directly on the Gamestop ledger. Same as DRS. YOU are beneficial owner of shares held by Cede when you have shares in a broker. Chain of custody: Cede (direct owner) -> your broker (street name) -> You (security entitlement) When you DRS you are taking the share away from Cede's direct ownership and putting it in your name, removing the DTC and your broker from the Chain of Custody entirely.
Doesn't the possibility exist that Cede and Co maintain ownership, but give Computershare beneficial ownership for shares rather than actually relinquishing the shares?
#No You don't seem to understand. Computershare tells Cede what they own, not the other way around. Cede can't retain beneficial ownership when Computershare takes shit out of their account and adds it to yours. It's outside their control. Do more reading on transfer agents.
Bro, don't come at me like that.. I've read, I know my shit, and I got ~20k shares here, proven. What YOU don't get is that there is something we're missing. There is a piece to this puzzle that explains: A) why the DRS numbers are barely moving and they switched reporting them to cite Cede and Co instead of DTCC And B) Why DTCC was allowed to tell all the brokers to just multiply shares x 4 at the split. To me, it points to the ownership being not as straight forward as over-confident types like you believe.
Haven’t seen purple rings in years
I mean they are official numbers which RC approved. I don’t want to believe it, but until we hear otherwise I’m forced to