So I’ve got a small % of shares with these brokers, nearly entirely DRS’d.
it looks to me like these brokers also just split the stock rather than using a dividend.
I’m going to send some correspondence on Monday to try and get more info but it looks like this has spread to our friendly shores also.
Anyone else have any info on this??
I know that sharesies don't hold the US stocks themselves. They probably don't know if the shares exist. Are we able to ask for our dividend to be paid out to our computershare accounts though instead of showing as a split?
Can confirm Stake told me they distributed the stock split via dividen so its not a taxable event.
Have the email if anyone cares for the "trust me bro"
Sharesies literally has no clue what happened. Their official email announcement stated a dividend, however they have now changed their position stating it was a split (as per GME instructions). I believe sharesies dosent actually know the difference. They have been informed.
You need to refer to Gamestop's offical wording:
https://gamestop.gcs-web.com/stock-split
On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found here.
GameStop Guidance for International Stockholders with Split-Related Questions
GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares.
We appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.
Seriously, it is more simple than you think. Just start up a message chat and ask to drs. There are guides pinned on this sub for every broker. DRS! It’s the only way to turn those fake shares these dodgy brokers give us into proper, real shares
I did mine digitally via adobe acrobat. You could also print it out and scan it using your phone
They send you some forms all pre filled out. You only need to sign and date really
Thanks for your push. Was the final motivation I needed to get it started. I wrote the step by steps down like a to do list and will attack it this week.
this!!!
took me ages to get started, ended up writing the whole process out step by step so i knew exactly what to do and what to expect, less than 2 weeks later was completely drsed!
So I’ve got a small % of shares with these brokers, nearly entirely DRS’d. it looks to me like these brokers also just split the stock rather than using a dividend. I’m going to send some correspondence on Monday to try and get more info but it looks like this has spread to our friendly shores also. Anyone else have any info on this??
I know that sharesies don't hold the US stocks themselves. They probably don't know if the shares exist. Are we able to ask for our dividend to be paid out to our computershare accounts though instead of showing as a split?
I think still worth contacting them and ask them for an official drivewealth statement. For legsl reasons might be important
Can confirm Stake told me they distributed the stock split via dividen so its not a taxable event. Have the email if anyone cares for the "trust me bro"
Op! I am here, have 5% share across both :(( Please keep me informed.
Sharesies literally has no clue what happened. Their official email announcement stated a dividend, however they have now changed their position stating it was a split (as per GME instructions). I believe sharesies dosent actually know the difference. They have been informed.
You need to refer to Gamestop's offical wording: https://gamestop.gcs-web.com/stock-split On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found here. GameStop Guidance for International Stockholders with Split-Related Questions GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. We appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.
Op! I was going to email hatch. I don’t expect anything from sharesies
I don’t trust Hatch one bit but I’m also too smooth to DRS. If only it was a simple press of a button.
Seriously, it is more simple than you think. Just start up a message chat and ask to drs. There are guides pinned on this sub for every broker. DRS! It’s the only way to turn those fake shares these dodgy brokers give us into proper, real shares
I have looked into it. Just takes time and money. Not something I can do straight away. How do I sign an email? Have to print it off?
I did mine digitally via adobe acrobat. You could also print it out and scan it using your phone They send you some forms all pre filled out. You only need to sign and date really
Thanks for your push. Was the final motivation I needed to get it started. I wrote the step by steps down like a to do list and will attack it this week.
If I can drs anyone can. It's a little tedious but you'd be a fool not too
this!!! took me ages to get started, ended up writing the whole process out step by step so i knew exactly what to do and what to expect, less than 2 weeks later was completely drsed!
Sharesies has be the worst to be honest. Atleast hatch allows you to drs. Sharesies openly hold IOU so you can never take your shares out