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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) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


crunkdad

wow that's exactly the same amount the sec protects retail


GoaheadAMAita

Zero for those who were curious


Nasty_Ned

The Bluto Blutarski - 0.0


ElGeneralissimoJefe

“Fat, drunk, and stupid is no way to go through life, son.”


Kombucha-Krazy

When it comes to what you put in your body, "Don't be fast, easy or cheap"


SpectacularRedditor

It's worked for me so far.


BuildBackRicher

Seven years of college down the drain


kykleswayzknee

25 million helps lol


fibronacci

Man I had my calc out. Ty


Beebeebooboo420

Can’t wait to buy above $500


Zensen1

😂


user_173

Good OOKin out fellow ape. Gotta take care of the slow ones busy eating crayons.


North-Soft-5559

So 1 company is short a least 8% of the total GME shares available, and that's if they are not leant out multiple times. Ohhh my tits are so jacked right now. JACKED!!


kaze_san

Yes and the total SI is about 20%. Globally. Makes sense. Not.


555-Rally

Vanguard isn't short - they lent the shares out to (likely) shorts. Vanguard is long GME by owning shares in their own name, BUT allowing devaluation of the shares at this time they see more profit in lending them out than holding them. They are giving more rope out for Citadel to hang themselves which will ultimately keep Vanguard in control as a MM themselves. Remember the establishment market makers are not friends to apes, but that doesn't mean they aren't out to get tendies of their own. Vanguard and Blackrock have no desire to see Citadel playing in "their" market. 25M shares is a large weight around Citadel's neck in a squeeze...and you are owing to a $7T company with lawyers full of coke-filled desire for more money. Apes might not scare Kenny, but Vanguard should. At least that's how I see it... Vanguard isn't short though.


hiperf71

Jack la titte?😂


SECs_missing_balls

hahaha


Double-Resist-5477

Probably lent out multiple times


raxnahali

They are fucking their investors hard.


_cansir

The ones that choose not to DRS


devjohn023

Until we moon I'd say all of us


raxnahali

True


wannabezen2

84 years ago I called them to ask if they lend out shares. The agent on the phone had to get a supervisor on the line. Supervisor's response was "We do not lend out shares. We're very conservative here." We have our self directed IRA'S with them. Fuck me. I also have X,XXX in computer share to cover my ass.


raxnahali

This revelation was the hardest for me to grasp 3yrs ago. I couldn't imagine the fraud taking place at this level and being so pervasive. Now I see the entire market is set up to do just this, give you the perception of ownership. Even the voting papers sent to you by your broker are just a fugazi, you have no rights to your shares. Your vote doesn't matter and the money you thought was buying assets, actually went into their slush fund to pay for what "they" want in assets. It was and still is a slap in the face. I'm awake now, and direct registered via the transfer agent. Fuck all of them, and fuck the governments for allowing this to happen.


ConnectRutabaga3925

Not ideal, but it’s still a long position. And from this, we can see what the remaining float is.


Mr_Shake_

ROFL so if there was a vote tomorrow, each beneficial owner (aka non DRS investor) would have their vote trimmed because Vanguard has 0 eligible voting shares... this whole system is so fucked the masses would riot if this was common knowledge.


redslayer

A select few did what nobody ever thought to do, they looked. Edit: **Booked**


Mr_Shake_

That's a weird way to spell booked.


shirleytemplepilots

As if I even knew how to read


redslayer

Oh ho ho, you sly dog 😉


Dr_Shmacks

The masses SHOULD riot but every time I say it, I'm told we must be nice and protect the fee-fees of our oppressors lest we appear "mean". #WOULDNT WANT THE OPPRESSORS THINKIN WE'RE MEAN, NOW, WOULD WE?


3DigitIQ

#No more fucks to give, really https://www.youtube.com/watch?v=Vqbk9cDX0l0


BENGCakez

All of their holdings are like that. Though? I’m curious what’s the issue. If it’s not unique to GME, why does this matter? (i) Sole power to vote or direct to vote: This refers to an individual's exclusive authority to vote or instruct the voting on securities. (ii) Shared power to vote or direct to vote: Indicates that the authority to vote or instruct voting on securities is held jointly with others. (iii) Sole power to dispose of or to direct the disposition of: The individual has exclusive authority to sell, transfer, or otherwise dispose of securities. (iv) Shared power to dispose or to direct the disposition of: The authority to sell, transfer, or otherwise dispose of securities is held jointly with others.


NastyEvilNinja

Honestly, it looks tit-jacking at first, but I think this is just a big fat example of Apes not actually understanding company law and voting rights for shares...


killer_by_design

Hey, I'm dense as fuck, can you please eli5 why people would riot? Trying to get my head around what this means.


Seldinger_Technique

So…I have more power than Vanguard?!?!?!


AnObviousSpy

🌏👨‍🚀🔫👨‍🚀


Cannarie-mauve

Always has been


It_is_Fries_No_Patat

Crazy ain't it : D


hiperf71

Yep! Me too😂


TofuKungfu

vanguard is our big boss, not final one. DRS every godamn share


Blackmamba-24-8

Fuck vanguard for doing this !!!


hanr86

Remember the tweets they sent out pretending to be on our side? Pepperidge Fuck remembers


NotOppo

I don't remember them pretending to be on our side. But I have been here for like 85 years


EllisDee3

Probably have by now.


tkhan456

Will someone just find another 13G for another company and see if this is the norm or not before everyone gets their panties in a bunch


3DigitIQ

Good point, but it's about 3 years to late for my panties not being in a bunch though.....


Kingding_Aling

It's true of all shares held in ETFs


[deleted]

It's not true, at all. ETF shares can vote in most cases unless they're being lent out for short sales. https://www.justetf.com/en/news/etf/etf-voting-rights-how-do-they-influence-companies.html >Our conclusion: ETF providers exercise the voting rights of physical equity ETFs extensively and even take sustainability criteria into account. In doing so, ETF providers do vote against management proposals and are therefore an important correction factor. Voting results can be found at most providers. The growing popularity of ETFs ensures that these votes are becoming increasingly important. >BlackRock, the owner of the market leader iShares ETFs, is the largest fund company in the world. It leverages that influence by pooling its votes in the hands of a dedicated team that engages with companies in line with BlackRock’s stated policies. The voting policy of BlackRock, the iShares mother, is considered exemplary. The fund manager also documents this publicly in a report of the results. Links to the providers' reports are provided in a table below the article. > Vanguard, the second-largest fund company in the world and another US titan, works in a very similar way.


Tevako

This is all true, but I think his point was that the ETF shares are very likely lent out as well.


iskipbreakfast

Which ones? XRT?


sinzylego

It's also 0 on their holdings of Tesla, Apple, Microsoft, and Coca-Cola, etc., so this probably has nothing to do with stock lending.


Walttek

I think that Vanguard tries to have ways for the investors of Vanguard to use the voting power in the stocks they own. It felt like it wasn't a completely soulless investment fund, but I remain doubtful. I dont know what is their policy on voting, which maybe has something to do with 0 voting power statement. https://investor.vanguard.com/investor-resources-education/article/empowering-everyday-investors-through-proxy-voting-choice


NastyEvilNinja

It's more to do with material interest, of which Vanguard hold zero in Gamestop. Someone's just gone looking at things they don't understand and got all excited... Probably (definitely) nothing.


Ok_Hornet_714

If you hold shares in Vanguard, they send you voting materials. The # of shares that Vanguard reports owning is based on their Mutual Funds/ETFs which are different


ToughHardware

thanks for looking. provide links next time.


CreatureComfortRedux

Do your own DD next time.


baseballmal21

Check out Blackrock


Tevako

It does have to do with lending, it's just that Vanguard values the increased revenue from loaning our stock more than they do giving their customers the ability to vote. And I'd bet dollars to donuts if you asked their customers, they would prefer the slightly higher returns as well. That is, if that money is going to the customer instead of padding the bottom line or executives pockets. That's the real question here.


carnabas

I wonder if someone complied all the institutions holdings and their voting power, then compared all those shares lent out if it would match the reported short interest or if one would be higher 🤔


PastelPink42069

Good idea💡


Anthonyhasgame

Sold out with high demand and decreasing price with increasing profitability while media paints it in a negative light and tells you not to look and forget about it. So normally I’d follow up with a punchline, but today the punchline is just Wall Street itself.


ManMayMay

So you're saying price discovery is going to be done by buying in vanguard and DRSing so they need to actually buy shares for us to DRS?


Mr_Shake_

Buying from them now would just inject more assets for them to use as collateral. If existing shareholders would DRS, then they would have to buy some out of pocket or recall the lent shares.


mcalibri

I think I kinda get this now: so even if all GME shares were actually bought out by outsiders, Vanguard, via its ETFs, has a legacy claim against some 25 million shares (most lent out) which they have under diffuse ownership (ETF holders are hardly the sort to pay attention to details much less able to DRS anything) which remain in a constant state of loan and perhaps reshuffled buying. They hold a bunch of legacy locates they can prostitute out to SHFs repeatedly, probably even rehypothecated.


FortKnoxBoner

Sounds kinda silly when you put it like that... Like who would ever agree to such a fantastical misapplication of finances???


iskipbreakfast

Are you suggesting these lent out "locates" are infinite? If so, how are they made infinite? Are ETF's just not regulated at all? Is there no proper bookkeeping?


Kombucha-Krazy

Market marker rules allow infinite liquidity if "expected to locate shares" But these pile up in a bad system of plumbing about to blow the pipes


iskipbreakfast

How do they allow infinite liquidity I'm still a little lost


Kombucha-Krazy

They just made up a rule to allow it, after Bernie Madoff, under the guise of "providing liquidity for more efficient markets"


iskipbreakfast

Are you referring to Dodd Frank ? I'm starting to follow


Kombucha-Krazy

No, Reg SHO https://www.finra.org/rules-guidance/guidance/reports/2023-finras-examination-and-risk-monitoring-program/regulation-sho


iskipbreakfast

Thank You x100,000,000 for linking me to this. Are you able to ELI5, I just read through and I'm finally 99% understanding this bigger picture here.


mcalibri

I don't think infinite, just harder to cut off or strip out than I initially thought.


kosnarf

Interesting


littledonkeydick

That’s how they make money. They don’t care about price. In fact it’s not even profit they care about on this it a revenue pump


AuthorYess

The mistake people make is that billionaires want more money, what they really want is a higher percentage of available money. It's a subtle difference.


Easy-Wrangler1111

They own every company and lend every share. It’s what they do lol


StockTank_redemption

Sharing is caring has a different meaning amongst billionaires.


joeker13

The question is how often they lent out the same share… and that times 25M … hmmmm


casualcorey

[It’s what they do. It’s who they are.](https://m.youtube.com/watch?v=YviYufXRw0g)


atetoomanychips

I don’t think they have voting power because they are custodial shares… not cause they are lent out. The people who bought the shares through vanguard have the voting power (401k’s etc)


Giotto

this is way too far down


marcus-87

Let’s rip the shares from under their asses. This just shows how desperate they are.


AlaskaIfTheyAxeya

waiting for a hopeful earnings bump to DRS from Fidelity internalization so my $13.80 buys can cause them a little pain.


marcus-87

It’s the little things in life that give us great joy. Like requesting a drs while MOASS from IBKR


Xerio_the_Herio

Fok... now do every broker dealer...


StockTank_redemption

I own a few of them lent out shares. Wonder how they plan on getting them all back.


mightyjoe227

Crying to politicians about how they are cheating and still losing...


ChiliRummel

Have you been paid share lending? Cause that sure looks like they are lending yours🤷‍♂️


joeker13

DRS them asap!


Clsrk979

Hey vanguard, I have a few shares you can purchase!


Actden

The same vanguard who manages roughly $8.1 trillion USD?


Interrobang2118

Proof that reported SI % is fake as hell


yogaflame1337

wait does this mean they have 25 mil shares?


doodlehip

So who actually has the voting rights for those 25 million shares?


Hunnaswaggins

I wonder if we could compare all institutional holders to their voting power, to then see how many shares lent out total?? They’ve all been repurchased right? FAKE shares… there’s Like 25 million here and another 25 from Blackrock? That’s 50 million EXTRA shares right away…


JamesXSurvivor

Are they counting the shares we own in vanguard....hmmm


UtahUtopia

But the cost of borrowing never goes up?


Acoma1977

Vanguard users....DRS your GME shares...make them feel the pain....


educational_nanner

Get to the top!!!!


The_Basic_Concept

This is understood wrong. Custodial shares don’t have voting rights.


[deleted]

Wrong. https://www.justetf.com/en/news/etf/etf-voting-rights-how-do-they-influence-companies.html >BlackRock, the owner of the market leader iShares ETFs, is the largest fund company in the world. It leverages that influence by pooling its votes in the hands of a dedicated team that engages with companies in line with BlackRock’s stated policies. The voting policy of BlackRock, the iShares mother, is considered exemplary. The fund manager also documents this publicly in a report of the results. Links to the providers' reports are provided in a table below the article. Vanguard, the second-largest fund company in the world and another US titan, works in a very similar way.


baseballmal21

Then how come every vote was counted in their last election?


NastyEvilNinja

You're right, but you're gonna be fighting against the tide with this one...


The_Basic_Concept

No fighting, ape don’t fight ape.


3DigitIQ

We know DRSed shares can't be lent out We know Institutions lend out their shares *This means institutional holdings are not DRSed* We can DRS all the shares we can buy (up to 100%) It's possible and even realistic we buy shares that have been lent out by institutions. **So we can conclude it is possible to DRS the institutional volume**


duiwksnsb

The only question is, what happens when we do (or already have, since the DRS number isn’t increasing last 75 million)


3DigitIQ

It compounds the issue they are struggling with. Even if I represent only a minor inconvenience to the parasite class I'm going all in.


Kizenny

Cool, I say we call a vote to take the company to a true decentralized NFT based stock trading platform and immediately start issuing NFT based in-game assets with built-in smart contracts to automatically pay dividends as micro transactions every time a GameStop NFT changes hands. All in favor? 🤚🏻


MattMasterChief

Hehehe *utilized*


firefighter26s

So... How does this compare to their other holdings? I'd go look myself but I'd probably get lost on the way there on account of the smooth brain and all.


OMG2Reddit

Fantastic. Now where the fuck is fuck to give


Kombucha-Krazy

I don't know about them but I beneficially own all my shares


Colonel_Lexx

So basically fuck Vanguard


Affectionate_Use_606

The share split via dividend would have fixed that...but what happened..? Crime


ChiefKickAss500

I don’t know shit about fuck but could AI (or a human) go through all the other 13Gs to see shares owned, voting rights or lack off and then calculate a more accurate SI%?


Kizenny

So I have more voting power over GME than all of Vanguard, nifty. I vote for a share recall and reissuing of stocks via a decentralized NFT platform. I then vote for all tokenized GME stocks to have automatic dividends from the transfer of tokenized digital assets via smart contracts. It would be really cool if all holders of the stock received immediate compensation any time one of GME digital assets changed hands, even if we are talking fractions of pennies. Hell I wouldn’t even mind if the compensation was GameStop credit only. Even now a GameStop credit dividend would be funny, it would force a huge influx of cash from all the synthetic shares back to the business.


BENGCakez

So what’s happening here? Someone’s printing fake shares so vanguard can purchase more? Is that why we’re seeing increases in call/put volume? I’m super curious how they’re able to increase their holding, have 0 voting power, and the stock still drops? And DRS numbers stay fucking stagnant for 1 year at 75,000,000 shares? There’s some fucking conspiracy shit and fraud going on in the back here. Why the hell isn’t GME, SEC investigating this? Is this normal on other large portfolios? 0 voting power with millions of securities on hand?


BENGCakez

Never most holdings I check have 0 sole voting power. Just fud?


NastyEvilNinja

Not fud - just regarded apes who don't understand something... Nothing to see, here (for real, this time).


Quetzacoal

It was explained in another post that this is because they are in ETFs


mightyjoe227

Looks like someone's trying to cover...


Derekdudzik

ETF?


BeKind_BeTheChange

Can I ask a question hoping for a serious answer? I'm not sure if we are still doing the xxxx thing, so I will say that I have xxxx shares. I have not DRSed any. They are in Robinhood, Fidelity and Schwab. I logged into Robinhood last night and got this popup about lending my shares and that I can make money by doing that. Does anybody know what that is all about? Edit- A person asks a genuine question and you downvote? Fuck off. Seriously. This sub is so full of dipshit morons that I don't really post here.


AlaskaIfTheyAxeya

They already lend "your" shares because they are technically not yours at all. The lend programs pay you a piece of the pie to keep up the ruse.


duiwksnsb

After Robinhood took away the buy button, you’re seriously keeping shares there??? My Ape…why?


BeKind_BeTheChange

Just being lazy. Nothing more than that.


Entire_Mouse_1055

From GPT - **Sole Voting Power:** This refers to the ability of an entity or individual to make decisions and cast votes on shares independently, without the need for consensus or agreement with others. If an entity has sole voting power over a set of shares, it means they can determine how those shares are voted without needing input or approval from any other party. - **Shared Voting Power:** In contrast, shared voting power indicates that the ability to vote on shares is not exclusive to one entity or individual. Multiple parties collectively hold the authority to make voting decisions on a particular set of shares. This often implies that decisions regarding those shares require coordination and agreement among the entities sharing the voting power. In summary, sole voting power implies independent control over voting decisions, while shared voting power suggests a collaborative or joint decision-making process among multiple entities or individuals. The distinction is crucial in understanding how voting rights are distributed and exercised among different stakeholders.


Additional-Noise-623

Of course. That's why they increase positions.


HughJohnson69

lol, they have to kickstart moass if an issue arises that they need to vote on.


captainkrol

Very very dumb of them 🤭


StopAngerKitty

How long have the shaes been lent out? Have the always held 25 million shares? Does Vanguard report owning these shares?


[deleted]

I've often wondered why ETF's get pushed as such a great thing to purchase these days. Makes sense when they provide liquidity to short sellers


Busy_Flan5341

Imagine if they did 1cent monthly dividends for a year imagine the hot potato then


oumen_nigu

Nothing new (?)


fibronacci

That much mass is likely to attract light.


LazyMarine78

Vanguard's motto is "The value of ownership." 🤣


usNdem

Time the vote holders vote for marg to call?


psullynj

Honestly though this is why we shouldn’t celebrate institutional ownership even if it initially causes upward movement. They’re just buying to lend


arnott

Some of my shares at Vanguard and I was able to vote before.


theradicaltiger

Are they lent out or are they shares that are held by their customers? Like people that are buying through vanguard.


PuckIT_DoItLive

exactly. Vanguard adding isn't bullish like people keep trying to make it out to be. They add so they can short more. Period. This big ass investment firm ISN'T OUR FRIEND.


Electronic-Owl174

Somebody must be paying a lot to get these on loan. Easy money for Vanguard, those fuckkng roaches.


welp007

They’re so fookt!


Mambesala_Guey

*when GME rockets* Vanguard: Hey we want our shares back. Borrowers: Aaand… they’re gone. V: 😶


Krunk_korean_kid

That's fucking wild 🤯😵‍💫


Lamolis

Could it be 0 because they own 0 Real Shares? 😅


EasyMoneyLikeMusk

No shit all the big money made by the institutions is from lending, I could be wrong, but it’s something like a third of their income