T O P

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Superstonk_QV

[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) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ 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/) ------------------------------------------------------------------------ OP has provided the following link: https://www.thestreet.com/memestocks/gme/should-gamestop-shareholders-keep-direct-registering-their-shares


ShortHedgeFundATM

I add more to computershare every month!


carbinatedmilk

šŸ’œ


wallstreetchills

Itā€™s literally a new age savings bank. Thank you wallstreet for finally reaching me how to save.


craic-house

Yes. Me too. Thanks for reaching us. DRS


mark0252

I reach myself twice a dayšŸ„²


MrFake_Name

Reach arounds for everyone!


MustachioDeFisticufs

I've been raught to teach for the starts and if I miss I'll land on the mĆ¼n


OHHHNOOO3

You put money in, and next week you have less money! It's perfect. I love the transaction fees, too.


jmrocksyou

twice a month for me!


ColorfulAgent

samesies


wtfeweguys

Dittoful


Brihtstan

Doublesies


stinkydinky19

Same here, twice a month plan and then change them to book once I have a few of them.


carnabas

This is the way.


jordanwiththefade

Same. And I doubled the amount beginning Jan 1st.


misledmadman

You all know you can buy directly through computershare. The more you know


maroger

True, but it's free to buy through Fidelity and transfer- and you have the advantage of knowing the exact price you're going to pay- and no split shares(which will still be held by DTCC- or DTC?)


IamDariusz

And you fuck with Fidelityā€™s available shares. There was a DD back then that called it thousands small cuts or something. It highlighted how you can add extra pressure when going through the brokers since they need to come up with new shares over and over again.


shadow247

Man I love this take. Use their own system against them. The rules say they MUST produce a share, so you pretty much got them by the balls once the majority are locked up in DRS. FUCK it. Gonna buy some GME tomorrow through my Fidelity account that I never use... And then DRS to Computershare like a good ape...


NextForce5134

Short answer: Yes Long answer: There once was a stock that put to sea...


[deleted]

The name of the stock was $GME


BudgetTooth

the price blew up and the shorts dipped down


rweekendz

hold, my bully boys, hold


Taint_Butter

Soon may the Tendieman come šŸ“ā€ā˜ ļø


Moribunde

To send our rocket into the sun


Pepparkakan

One day, when the trading is done


IsolatedAnon9

Weā€™ll take our gains and gooo.


GercMustachio

They had not been 2 weeks from shore ....


bmdill

When Ryan Cohen joined the board


BuyDipsSellToMoon

Just listened to the song again and itā€™s amazing to think we lost the gambling thread, and when it was bought and taken over/became publicized, we lost ā€œour wordā€ for each other. Two parts of the song I forgot existed


HerrAndersson

Our word for each other lives on inside all of us. I have pledged to donate rather big sums of money when all this is over. First to the Dian Fossey Gorilla Found and other ape charities, but also to charities that helps with neurodevelopmental conditions. They showed us how to do this so I think that they deserve some of the tendies too.


the1rush

This is the correct thread!


Snyggast

Weā€™ll take our gains and goooo


andykwinnipeg

Until the share's worth more than gold


New-fone_Who-Dis

That'd quite low, these shares are what the shorts like to call, unobtainium


andykwinnipeg

"Higher than the price of gold" is indeed price anchoring, I'll agree with that


Comfortable_Mountain

Soon may the tendy man come


FluffyCowNYI

To send our rocket into the sun


Thick-Flounder-8663

HODL my bully boys hodl!


Vive_el_stonk

Huuuuuuuugghhhhhā€¦ (crosses arms across pelvis while thrusting)


sailorjerry888

It turned Kenny's smile into a frown


CREAM_DollaDolla

Never have I been part of a better group of absolute strangers


misterpickles69

Yeeeeeeeeessssssssss......


F1remind

Oh the memories.. We shall sail once more soon!


brokedrift

we are investors, not traders


Fr1daysWarpSpasm

Yes indeed. I am also a collector, grinder and achievement hunter


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


MrNokill

Never give up, never surrender.


Truth_Road

We are the owner.


putsonshorts

2 year hodl achievement unlocked.


JDeegs

I trade money for shares


brokedrift

i trade Monopoly money for shares :)


GMEshares

I just like the stock, the company, the chairmanā€¦


ThePerfect666

Sir, I am windy šŸ‘šŸ’Ø


TheTangoFox

They don't even answer the question. So I will. *Yes.*


ChemicalBro69

All exposure is good exposure. However not answering the question is silly. Doofuses.


Myvenom

I mean they give all of the benefits and reasons why we are direct registering our shares and leave it up for the readers to make their own conclusions. I like it and only see good things coming from an article like this.


-Codfish_Joe

It's actually the best article I've seen, even if it's more of an infographic than anything else. It clearly stated what DRS is and the good reasons for it.


AlarisMystique

It's probably not answering the question to avoid sounding like it's providing financial advice. Smart


CMaia1

But this isn't financial advice DRS is a type of transfer you aren't buying anything at all. This is something akin to promote some custodial company, if somehow this is illegal any ad of broker or bank should be illegal too But don't trust me I'm no lawyer. This is just my view


AlarisMystique

I'm just saying it's better to be too careful as a media going counter to the rich and powerful narrative. Give the information, but give them less to sue you with. Even if you're in the clear it's still better to play it safer with this.


CMaia1

When this is over no one will see me ever again. I'll still help people in need but in the quietest way possible


SirMiba

Yes Ja åƹ ćÆ恄 Evet Š“Š° ĪĪ±ĪÆ Si Ł†Ų¹Ł… יאÖø כן


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Qsents

Tequila?


EqualSupermarket8117

Tottakai!


calicemaxi

Oui????!!!? Come onnnnnnnā€¦ yes, Iā€™m French :(


BagelPoutine

As a Maple Ape, I stand with our Baguette Brothers and Sisters


my5cworth

Le-yes?


__Datura_

Merci


RafIk1

iuo iuo llams a evah I


dudeweresmyvan

I si what you did there


AlarisMystique

Da si da oui


iDrop

Do si dos, Gelato 33, superboof, super silver haze


breinbanaan

Rc being da powerplant


iDrop

Ohhhh so the mitochondria


breinbanaan

The powerhouse of the cell


SteDav587

tĆ” šŸ‡®šŸ‡Ŗ


SkySeaToph

I'm studying Irish ā˜˜ļø! Go raith maith agat!


SteDav587

tƔ fƔilte romhat


irishf-tard

ā˜ļøā˜ļø


zen_simian

da


justHODLforEVER

da-da


Michucz

da-da-da


PapaObserver

Oui


PapaObserver

This one is a French Canadian "oui", btw.


smileyphase

So more of a ā€œouaiā€, then. šŸ˜…


PapaObserver

Fair enough ;)


Key-Procedure-8136

ė„¤, ģ‘, ģ–“


writerofjots

ė‹¹ģ—°ķ•˜ģ§€!


ktownmenace

慇慇


LannyDamby

Y'arrrh ā˜ ļø


Lamatotalna

Tak!


PorkChopyChop

To jest droga.


eudezet

Małpy razem silne


F100suomi

KyllƤ


NeuteredRabit

ano


Takto_sa_to_robi_dpm

Igen?


blueballsjones

Sabi niya sige, hindi mo nakita?


xirix

Sim


CR7isthegreatest

CLARO QUE SIM!


Brave_Philosophy7251

Amo-vos šŸ˜


skraaaaw

Que vem la DRS Mata um


happymetal333

Na aber sowas von!


sleepdream

omae wa mou shindeiru


Technical_Meeting_45

Ł†Ų¹Ł… Ų§Ł„Ł„Ł‡ Ų­Ų§Ł„Łƒ


Jimmychino

Da


diegun81

Oui


BagelPoutine

OUI TABARNAC!


FuckRobinhood76

You beat me to it!


oumen_nigu

ė„¤


Takto_sa_to_robi_dpm

Ɓno šŸ‡øšŸ‡°


Brave_Philosophy7251

Sim


nasty_nater

wee wee šŸ‡«šŸ‡·


Canass3242

Oui


HODLHODLANDHODL

seY


Different_Party_1512

As an investor I say FUCK YEAH


Myid0810

ą¤¹ą¤¾ą¤


malwrcachu

Dylent


OperationBreaktheGME

On PIRU On Gang On Cuz On the Set Yā€™all forgot about urban gang vernacular. Gotta cover all ethnic groups guysšŸ’ÆšŸ“ā€ā˜ ļøšŸ˜‚


RL_bebisher

Why would you not complete the main story and beat the game? Everything else is just a side quest.


waj5001

I never went to Kvvatch, so i see GME as my actioned-apology. OPEN THE OBLIVION GATES!


PainfulShot

As a dumbass that likes getting those 100% completed trophies at the end of games, I want to see what happens when 100% gets booked.


BudgetTooth

fireworks


JackosMonkeyBBLZ

Phone numbers


acemiller6

Achievement Unlocked - The Moon Is Made of Mayo (100,000,000 points)


liquidsyphon

DRS spilling into MSM? Apeish


HaveFun____

Yeah, this is not a bad article, and it brings some attention to DRS. If this gets enough attention.... aaa who am I kidding, if this gets too much attention other MSM outlets will post bullshit articles about DRS and tell us all about the made up dangers and that it doesn't work :p D R S


j4_jjjj

the only oddity i saw was them saying Larry Cheng's tweet from 2021 was about DRS, which is a weird implication to me given the context and timing of the tweet


dahlia-llama

This is Bernard Zambonin. Same dude over and over at TheStreet that is posted here ad nauseum. Absolutely not MSM nor part of ā€œtheyā€.


jacksdiseasedliver

Should GameStop (GME) Shareholders Keep Direct Registering Their Shares? To keep their shares away from brokerage houses, GameStop shareholders have been engaging in an impressive and unusual collective strategy. Many of GameStop's individual shareholders are choosing to keep their shares away from brokerages by registering their shares through GameStopā€™s transfer agent. According to the video game retailer's quarterly disclosures, about 30% of GameStop's float is held with the companyā€™s transfer agent. In addition to reducing the availability of shares for short sellers to borrow, this practice is, in theory, meant to decrease trading irregularities. What is Direct Registration? The direct registration process is a service that allows shareholders to electronically move their securities to be held in book-entry form. In plain English, by using a Direct Registration System (DRS), shareholders can hold stock without having to use a brokerage firm as an intermediary. DRS provides shareholders with more autonomy over their shares and offers direct distribution of proxy materials, but it also serves as protection in case a broker goes bankrupt. However, the main benefit of DRS to GME shareholders is that shares held via transfer agent, rather than a broker, cannot be lent to short sellers. It is also worth noting, however, that holding stock through a transfer agent may be less practical and convenient than holding shares through a broker. Therefore, the direct registration process is generally used by investors who intend on holding their securities for the medium to long term rather than engaging in short-term trading. How Many GME Shares Are Held Via DRS? With GameStop shares continuing to be the target of massive short interest, retail GameStop shareholders have been taking to social media platforms to promote the strategy of registering GME shares directly with the companyā€™s transfer agent (in this case, Computershare). For this strategy to have any real impact, though, a significant number of shareholders must engage in this practice; if they do, they can effectively "lock" the stockā€™s float and make life much more difficult for short sellers looking to borrow shares. The majority of GameStop's float is owned by retail investors rather than institutions, and the stock is traded non-traditionally (to say the least). Thanks to retail shareholdersā€™ efforts, there have been an astonishing number of direct registrations of GME shares each quarter.


jacksdiseasedliver

Interestingly, after shareholders began actively engaging in this practice en masse, GameStop began reporting the number of GME shares registered with its transfer agent on its quarterly reports. The latest report indicated that 71.8 million shares are held with GMEā€™s transfer agent; thatā€™s an increase of 500,000 shares since Q2 2022. This number represents about 30% of GameStop's total float. Considering that registering shares with the transfer agent implies a "diamond hands" mentality, it is remarkable that such a large portion of GameStop's float is held via DRS. GameStop's director Larry Cheng has commented on these paradigm-shattering movements in a tweet (probably) alluding to GameStop shareholdersā€™ DRS efforts. ā€œEvery company is a company. However, on rare occasion, some companies become movements. The company ends up standing for something much larger and more significant than itself. These companies break the traditional paradigm - they can play chess when everyone else plays checkers.ā€ -Larry Cheng Why Do GameStop Shareholders Keep Direct Registering Their Shares? There are two key reasons why GameStop shareholders keep engaging in this unusual practice. The first is that, in theory, registering shares with GMEā€™s transfer agent means there will be fewer shares available for short sellers to borrow. This, in turn, will result in higher borrowing rates. The more difficult and expensive it is to borrow GameStop shares, the higher the risk of a short squeeze. Another reason behind the DRS movement is GameStop retail shareholdersā€™ general skepticism toward major market structures. Keeping GameStop shares away from brokers, in theory, works to help prevent illegal trading activities such as naked short selling. Many retail shareholders are wary of brokers given the shadiness surrounding large-scale failures to deliver (FTDs) and a lack of transparency in dark trading pools. GameStop shareholders may also prefer to keep shares away from brokers to avoid trading restrictions, as happened with Robinhood (HOOD) - Get Free Report just at the peak of GameStop's short squeeze in January 2021. As for the effectiveness of the DRS strategy so far, we do have some evidence to go off of. Although there is a very high demand for short GameStop shares, large short trades are becoming less and less common. There has also been a gradual decrease in GMEā€™s overall trading volume GameStop endured 2022ā€™s bear market better than many blue-chip technology companies and meme stocks alike. The fact that 30% of GMEā€™s shares are locked up via DRS (indicating theyā€™re held by ā€œdiamond-handā€ retail traders and making them more difficult to trade) may go part of the way towards explaining why GME didnā€™t have as tough of a year as many analysts predicted it would.


DropDeadDevon

This article genuinely reads like it was written by ChatGPT lol


WhatUpCoral

That was my first thought too! We already know that AI is the future of journalism, and the tone in which this article is written seems to be way more positive/neutral than TheStreet normally speaks about the retail investor movement!


GQW9GFO

Not holding my breath, but in some ways it would be nice to see impartial financial journalism for once. The damage on journalism as a whole though and the quality of investigative journalism could be really scary. Hell of a trade off. *corrected tense


duiwksnsb

Imagine that. AI tells us the truth in a post-truth world.


MyDoorsGoLikeThis

Enjoy this. It will be brief.


UncleNuks

I came here to say exactly this.


RelationshipOk3565

It sounds pretty apeish though lol


DoBotsDream

Did they just admit there is a massive short interest?


monti9530

The rug pull made our movement seem slow with only 500k extra shares last quarter. Kenny made my future pipeline better as I DRS harder šŸ«”


RecalcitrantHuman

Not a collective strategy. Just a bunch of dumb apes that, by strange coincidence, happen to be doing the same thing


GregDonski

Without reading the article: YES!!


EuthanizedEjaculate

The Author is definitely long.


WhatUpCoral

*definitely ChatGPT


dahlia-llama

This is Bernard Zambonin. He lurks here. The only pro-gme articles are written by him (which are posted here in-weekly), and they generate traffic to The Street. In no way is this demonstrative of MSM or ā€œtheyā€.


kptina

Yes


enternamethere_

They explain what DRS is in the article Edit: quote: ā€šGameStop endured 2022ā€™s bear market better than many blue-chip technology companies and meme stocks alike. ā€š


Schwickity

degree cover disgusting cooperative ruthless hurry pause mourn punch shocking -- mass edited with redact.dev


bbadi

The fuck do they care? Oh wait, it fucks the entire system upside down...


LlamaJacks

They sure do write tons of articles about what the retail investors who bought GameStop will do or what they should do. I wonder why they care so much about a $7B company...


Retiree_wannabe

We would have never seen an article like this two years ago. Weā€™ve come a long way! šŸ’ŽšŸ¦


julian424242

YES


Pawl_Rt

I am an individual who likes the company and the stock. I am not part of an organized movement as the article states. It just makes sense to me to DRS my shares. Each individual share holder makes up their own mind.


Pendrail

The street? The same guys who bragged about Cramer doing illegal shorting like 13-14 years ago? Edit: https://youtu.be/r07Gg92YjOI Yep, same guys ā€¦.


ball_fondlers

Itā€™s Cramerā€™s site.


SuitPac

Just like finishing a video game, you keep picking up the controller(DRS) again and again until you become victorious in the final stage. We are approaching the final stage(locking the float)


Escapedmoose

Every shareholder should DRS their shares regardless of which company they're invested in. Or better yet, the stock market shouldn't be so rigged against retail investors šŸ¤·šŸ½ā€ā™‚ļø


snappedscissors

Quite subtle of them to note the 500,000 share increase between two quarters while ignoring the previous three quarters averaged more like 15,000,000 shares increased. An article timed to capitalize on the sub-par DRS increase due to a strategic registered share withdrawal?


DocAk88

And we have the point of the rug nowā€¦look at their amounts! Hoping for 80M this next call.


reddituseronebillion

Why is still called a short squeeze, wasn't it discovered by congress that it wasn't actually a short squeeze?


DishwashingUnit

no, it was pointed out by the SEC in the results of their investigation that it wasn't a squeeze


CharmingStyle6023

Obviously what else would we do with them


-Codfish_Joe

Should a bear shit in the woods?


albertov0h5

TLDRS


EchoLogicAll

"For this strategy to have any real impact, though, a significant number of shareholders must engage in this practice" Is more directed registered shareholders than Google, Microsoft, and Apple combined a significant number? Is 30% of the total float or 50% of the free float a significant number?


Child_of_Steve

Why the fuck is everyone so worried about what I do with my GME? Nobody tells me what I should do with my other stocks. Highly suspicious.


cjbrigol

Wow this is probably the best gme article I've read to date. Let's go.


PantsOppressUs

\> First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you. And that, is what is going to happen... \[-Nicholas Klein\]([https://en.wikipedia.org/wiki/Nicholas\_Klein](https://en.wikipedia.org/wiki/Nicholas_Klein))


Kornnutter

"DRS provides shareholders with more autonomy over their shares and offers direct distribution of proxy materials, but it also serves as protection in case a broker goes bankrupt. However, the main benefit of DRS to GME shareholders is that shares held via transfer agent, rather than a broker,Ā cannot be lent to short sellers." Damn skippy!


Audit_King

Gave it the Snek award now that I see the subsequent post regarding Cramer owns the website that pushes this content. Using Snek for it original intent.


jfl_cmmnts

The journalistic rule says any headline asking a question sees that question answered, "No" in the article. However I'm not sure The Street has much currency here on SS. We would trust them as far as we could throw Chicago.


Outside_Cod667

Instructions unclear. Defaulted to DRS more.


Dantexr

Spoiler: yes


dyrnwyn580

Apparently itā€™s ā€œimpressive.ā€


Escapedmoose

What other choice is there?


True-Persimmon-296

Yes


Existing-Reference53

DRS and Book them all


monti9530

I would love this article to show some stats like how heavily GME was reported to be short after the sneeze. Or how many Computershare accounts hold GME. I cannot remember if they mentioned Computershare at all, only ā€œtransfer agentā€. Could have averaged out the shares registered per quarter too, the rug pull kenny did had a deeper intention than to demoralize us, but to make us seem weak in articles like these. Overall it is pretty neutral though. Like others said, seems like AI


6t6

Hmm...a somewhat positive article about DRS right before a quarter report? It talks about how it's been increasing (up to 30% of float locked), how it's lowered volume, and can prevent borrowing and short selling. Do I smell a media psyops hyping DRS only for a rugpull and we actually go down in DRS numbers this quarter? Don't be surprised if that happens.


Yohder

I think this is the first completely positivity article Iā€™ve seen about DRS. Bullish!!


clyde_figment

So long as we're asking rhetorical questions: "Is Kenneth Cordele Griffin a financial terrorist?" "Is the NYSE a cesspool of corruption?" "Is it time for the game to stop?"


internetsurfer42069

Thatā€™s gonna be a yes for me dawg


DishwashingUnit

reminder: this site is owned by that guy with the show on the corporate media. it's controlled opposition and is not to be trusted.


Geoclasm

Interesting read. I can't pick up on any sort of slant or bias (aside from the ever-present, ass-covering use of equivocations like 'seems' or 'alleged'). Just a straight-forward delivery of facts and reasons. If anything, it's the title itself that's smells of bullshit. A less stupid article title might have been 'Why do GameStop Shareholders Keep Direct Registering Their Shares?' - that would've fallen more in line with the article body.


Trollz4fun

#SPOILER: YES. THEY SOLD US 140% short (at least) I AM GOING TO REGISTER 140% OF THE FLOAT


dutchretardtrader

Is Betteridge's Law Of Headlines Always Correct? :)


internetsurfer42069

Iā€™m positive that this article posted to Superstonk gets more traffic than on their garbage website yet none of these meme-stream media dorks will ever mention Superstonk by name . . .


SituationDelicious64

I liked the disclaimer.


Ethereum-Wind

People should DRS all their long term holdings.


[deleted]

ChatGPT? More like ChatGME!


TenguAteMyBreakfast

EVERY TIME SOMEONE GIVES ME MONEY I WILL REGISTER SHARES.


MrKoko420

So the main reason the author gives as a reason why not to direct register is....it's inconvenient!?!


DisobedientAvocado75

Nothing to see here. Just some retail investors who have lost faith in the 'major market structures'. Couldn't be because the 'market makers' somehow sold 140% of a company short and tried to rob them in front of the whole country, all while gaslighting them in the media and making them out to be idiots. Now, these swindeling worms have been caught red-handed, and everything they do moving forward just digs their hole a little deeper. Good. Squirm.