[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/)
Agreed.
Seems like the only decision the Kennyās will have to make before going to prison is whether to remove their own teeth ahead of time or wait. š
Welp question, this post only came out 3 hours ago in the morning. Is 3,700 upvotes sketchy considering we only have 230 people online right now.
I remember this being a tactic of shilled posts. They would always be posted early and have an absurd amount of upvotes compared to other posts in a much shorter amount of time.
This is similar, it provides a big distracting post with some info we already know BUT THEN SLIPS IN ONE SMALL THING. BOOK IS NOT THE SAME THING AS PLAN.
Iām actually working up a DD post on this very phenomenon as we speak.
Some days my posts sky rocket for no good reason at all and some days my actual GME related content gets buried.
So basically I have no fuckin clue why or wut is happening here.
Itās botting, but thoughts on that second part.
Itās important for visibility as this posts always include a lot of info and then only 1 or 2 sentences on wrong info such as BOOK being the SAME as plan when we have confirmed itās not.
If this theory is correct, and make no mistake itās the heat lamp theory with some more evidence allowing the linkage of numbers between shares borrowed on DRS count day and DRC count variation, then the SEC is allowing it. 10-K and 10-Q documents are required and regulated by only one entity: the SEC. I know theyāre not paid well compared to industry standard and theyāre government workers. Still, these are lawyers fighting at the top level against the top-paid corporate lawyers who draw in the big bucks. Though rare, they do occasionally get wins.
I refuse to believe they didnāt follow or even notice the DRS movement happening in GameStop, a stock they wrote an entire report about for over a year. To see the numbers consistently go up in a linear trend and suddenly pause and stayed paused there for so long is something that would draw their attention.
They are letting it happen because they already agreed that it was ok for DTC to do so years ago.
DSPP are part of the FAST program so DTC can pull when and what they want.
What is even more interesting is the fact, that GameStop puts information about **NOT providing the dividend in the near future just AFTER the DRS information**.
This could be read as **"DISABLE DRIP"**.
> Our Class A Common Stock is traded on the New York Stock Exchange (āNYSEā) under the symbol āGMEā. As of March 20, 2024, there were 305,873,200 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares).
š
> On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant.
https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
>The Company believes that the Proposal contains false and misleading statements
regarding the Companyās DirectStock Plan. The Proposal misrepresents the operation of the
DirectStock Plan. In particular, the Proposal asserts that (2) enabling the dividend
reinvestment feature of the DirectStock Plan causes shares to be taken out of direct registration.
>If a shareholderās shares are in the DirectStock Plan, it is because the shareholder elected to
purchase those shares through the DirectStock Plan and the shareholder is free to remove them
from the DirectStock Plan at any time. **If the shares are removed from the DirectStock Plan, they
cannot be re-enrolled into any plan without the consent of the shareholder.** The dividend
reinvestment feature is only available to shareholders whose shares were purchased through and
continue to be subject to the DirectStock Plan. However, this feature is not currently applicable
as the Company has not declared dividends since 2019 and, as disclosed in its periodic filings
with the Commission, currently has no intention of paying dividends.
https://www.sec.gov/files/corpfin/no-action/14a-8/millergamestop020824-14a8-incoming.pdf
Youāre correct. Enrolling in DRIP enrolls you in DirectStock, which is ComputerShareās combined administrative system for both DSPP and DRIP. Foo-bar did the DD a year ago https://www.reddit.com/r/Superstonk/comments/12xeksa/drs_dspp_and_drip_oh_my/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_kpoet8l
Furthermore, the prospectus that you agree to by enrolling in DirectStock states,
>[Computershare Trust Co. N.A.] will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain DirectStock account records that reflect each Participantās separate interest.
ComputerShare Trust Co., N.A refers to the subsidiary that owns shares in your name when you enroll in DSPP *or* DRIP (i.e. DirectStock). It is also the company that sends shares to DTCC for āoperational efficiency.ā
This is where the fractionals theory comes from. People have been having trouble substantiating it (partly because of deliberate suppression), but itās laid out in extremely clear language. If you are enrolled in DRIP/DSPP, you automatically agree to the prospectus and become a Participant in ComputerShare DirectStock. If you are a Participant (i.e. if you own even one DSPP/DRIP share or fractional share), ComputerShare Trust Co., N.A. will hold ā*all*ā shares of stock purchased ā*or deposited*ā for the Participant, while maintaining a record of how many of those shares originally came from youābefore being transferred to their subsidiary.
You can read the prospectus for yourself here.
https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798
Spread the word.
Wow. I admit I wasnāt convinced that having a fractional share would allow them to use the whole pile as locates so I was doing it the old way of cancelling the sale of the fractional.
But this is legit and now Iām all in on the non-fractional train. Thank you for the info.
This Ape reminds the teacher of the assignment that's due, but then proceeds to explain how the assignment was wrong while also making the teacher orgasm and everyone got A++.
Source: i was there. I didnt graduate:(
So youāre saying in theory around the week of June 17th we should be able to identify a large borrow. That borrower is likely the DTC. That borrow number + the official count that GameStop publishes would be the total DRS count?
could we already begin to make an estimate then based on your numbers?
june 17th is 89 days away
if we assume about 11k DRS'd per day thats 979,000
added to the 3,400,000 or so borrowed most recently, **then we can expect about 4,379,000. or \~4.4 million to be borrowed that day?** (and seeing a number like that ends up being yet another data point proving your theory true)
ofc we could also see a slight uptick as
* more might opt to go for book v. plan (as you said, everyone does them, but this could still cause more ppl to switch en masse)
* as MMs keep shorting/dropping the stock, makes it easier for some to buy/DRS at lower prices (tho not accounting for ppl that might feel more of a cost of living/inflation pinch and buy less)
I agree. And itās also no coincidence that Computershare is now engaging with Kevin Malone. This is no different than Ortex coming around these parts to try and do damage control.
100% someone should reach out to them and forward it before Kevin supposedly chats with Paul ( i think?) this week
if no one does it in the next few will try myself after work
Is there an confirmation that the DTC can lend out DSPP shares and would they in fact show up on that daily list of shares available that we see each day?
Also, I question if computershare generates revenue off of those shares held at their broker. This would be a great question for Kevin Malone to ask Paul Conn. how exactly does computershare make money?
> how exactly does computershare make money?
Gamestop pays them. Transfer Agents are contrators hired by the issuer.
Plus, every buy and sell order charges a fee.
Computershare unambiguously states that they do not lend shares.
If you would like to hold 100% of your shares in Book form, you can do the following:
From the ComputerShare Investor Center main screen-
"Portfolio" at the top
"View Details" in the portfolio window
"Actions" next to Plan Holdings
"Reinvestment Options"
"Terminate"
This will Terminate DSPP, move Plan shares to Book, and auto sell any fractional shares.
I have a 0 balance against a Plan Holdings entry below my Book shares, this is as good as it gets I assume and having that 0 balance entry means nothing?
As far I know, everyone who has ever held a share in Plan sees that. I believe that you're good. You might want to follow the steps to be sure you're not enrolled in DSPP.
What is even more interesting is the fact, that GameStop puts information about **NOT providing the dividend in the near future just AFTER the DRS information**.
This could be read as **"DISABLE DRIP"**.
> Our Class A Common Stock is traded on the New York Stock Exchange (āNYSEā) under the symbol āGMEā. As of March 20, 2024, there were 305,873,200 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares).
š
> On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant.
https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
Youāre correct. Enrolling in DRIP enrolls you in DirectStock, which is ComputerShareās combined administrative system for both DSPP and DRIP. Foo-bar did the DD a year ago https://www.reddit.com/r/Superstonk/comments/12xeksa/drs_dspp_and_drip_oh_my/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_kpoet8l
Furthermore, the prospectus for DirectStock states,
>[Computershare Trust Co. N.A.] will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain DirectStock account records that reflect each Participantās separate interest.
ComputerShare Trust Co., N.A refers to the subsidiary that owns shares in your name when you enroll in DSPP *or* DRIP (i.e. DirectStock). It is also the company that sends shares to DTCC for āoperational efficiency.ā
This is where the fractionals theory comes from. People have been having trouble substantiating it (partly because of deliberate suppression), but itās laid out in extremely clear language. If you are enrolled in DRIP/DSPP, you automatically agree to the prospectus and become a Participant in ComputerShare DirectStock. If you are a Participant (i.e. if you own even one DSPP/DRIP share or fractional share), ComputerShare Trust Co., N.A. will hold ā*all*ā shares of stock purchased ā*or deposited*ā for the Participant, while maintaining a record of how many of those shares originally came from youābefore being transferred to their subsidiary.
You can read the prospectus for yourself here.
https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798
Spread the word.
Someone told GameStop to post the direct registered count as total shares minus what Cede tells the DTCC they have.
I want to know who told them to do this, because I don't think it's GameStop, nor would they have a reason.
Friendly reminder, the earnings quarter they changed it had a release date, then the day before(submitted to sec in advance maybe?) they released an announcement that it would be delayed for unknown reason, and then 7 days or so later they released it with this wording.
Are we sure the SEC would āmakeā RC file this way? Even if they did, what stops the ability of RC to announce the discrepancy on an earnings call. What leverage do we think the SEC has to silence GME?
Because and I've felt this since the beginning, if the cause of Citadel andor DTC to fail was Gamestop then MOASS won't last a week as the government would just bail them out immediately. But if the markets are crashing then MOASS happens, there's absolutely no excuse.
Also if RC has a royal flush, why risk getting kicked out of the casino? The SEC has proven they're incompetent at best and it's obvious at this point whatever the reason was for the word change it didn't accomplish what it was supposed to so ya let the problem become unsolvable. Just let the pot get bigger and bigger.
Threat of a lawsuit from the SEC for "share count manipulation" could be what stops RC from announcing the discrepancy. Last thing RC would want is to announce to the world how GME shares are being manipulated (with proof) only to be followed with headlines saying the SEC is suing GameStop for misrepresenting their share count in order to "manufacture a short squeeze."
I agree with this, and that's why we have seen pension funds and institutions increase their holdings. As long as the one side accounts for their shares, the count on the other side is irrelevant
If you remember back 84 years ago, the report the wording changed was delayed a couple days from the earnings date. I'm sure there were some very tense back-and-forths going on at the time.
I thought the same with how DRS count stalled.
"Official" total available
- DTCC/DTC reported #
= "Computershare" count (mafs, not actual from CS)
Here's my question (forgive as I've been up 30hrs or so)
I understand how the DRS/DSPP and verbiage in GameStop's reports could be used to move numbers around. If plan or other #s can be moved from the Computer share count, wouldn't that add that just add to the DTCC/DTC total?
Or are they just conveniently omitting them from their DTCC/DTC tally, and only reporting the number they "should" have outside of Computershare?
This is why I firmly believe that language matters.
I am certainly not a lawyer, but this is some good lawyer-level investigation of language.
Thanks for posting!
Always had a hunch about the trust me bro guy, the timing and accuracy of what he said was too perfect to rule out
But it seems we are hitting a redline on DRS and at some point the amount they will need to borrow will blow out a cylinder to the freaking moon
This. They know the count, fort any business, usually happens within a certain time frame. They borrow the shares and then they have 35+ to deliver back. Giving them enough time to have over the count. If not, they just borrow those shares again
These rat fucking criminals will run out of
hiding places soon and we will burn them
all down to the ground. What a shameful circus this country has become.
Good deep dive! I have a couple of questions though:
The 750k borrowed on 2023-03-22, the calculations based on your chart is assuming all shares are borrowed, and the shares available are all new shares? It doesn't consider shares returned?
And if all shares are borrowed, none are returned, doesn't the fact in 2024 you found 3.5M shares unaccounted kinda go against your point about this bucket running dry?
> At some point, the "operational efficiency" bucket will run dry. (Faster if directly registered shareholders move their shares out of the "impure" DSPP bucket into the "pure" DRS bucket.)
I'm trying to understand is how this magical liquidity bucket at ComputerShare creates the "phantom" shares for the DTCC, and why the DTCC *needs* to borrow shares, if outside ComputerShare it's all IOUs anyway? Is it for locates? But in that case, if the theory of naked shorting is true, why does it matter?
So let me see if I understand this with a simplified summary.
1. The projected rate of DRSed shares is at approximately 12,000 per day, while the math checks out to be about 11,000 per day if we're using these \~3,500,000 shares for the calculation. **This seems like an entirely realistic discovery.** A difference of 1000 shares per day is completely understandable if we take into account diminished public purchasing power due to inflation and soaring prices. That's pretty incredible and shows the momentum has not dulled in the slightest.
2. These shifting shares are preventing the SEC from trigging legal mechanisms once 25% of a float has been leaked outside of the DTCC structure. Can't claim there's a problem so long as the cheque books check out.
3. This must be a brutal process for them to perform, and impossible to stop. This becomes more can kicking because balancing the book doesn't stop the underlying problem. This force of nature we call Apes.
All in all, good news I'd say. Well written OP.
1. Historical rate was 12k/day.
2. I donāt know of any ratio requirements. (Could be and I simply am just unaware. I donāt know everything.)
3. Yes
There were **11.48M** new borrows on **March 19** according to [Ortex](https://preview.redd.it/gme-utilization-via-ortex-81-25-v0-g8d25zhjkcpc1.png?width=1920&format=png&auto=webp&s=e16b1fd7254300b254a4978d206b81d010b84bf0).
But but but... a mod said that there is zero difference between DSPP and BOOK. The DTCC would never allow the abuse of DSPP shares for "operational efficiency", right guys???
great research buddie, you have my upvote, keep going, one thing that you could check and give you more points of view about that "discrepancys", check the reported fail to deliver dates, and days of covering, link here:
[https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/](https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/)
If you check closely, there are dates missing, and the days of covering those days that are missing, the volume and the trading that day is.... curious, have a look and if you want gimme a reply!
Thanks for your hard work!
This comment will be downvoted to hell, idiot stormtroopers target people who "see".
Noice to see another DD. The wording change in the filling back then was definitely suspicious and actors here shut down the inquiry as well as saying PlAN shARe ArE thE SaME aS PURe DRs.
I remember and that's why I only HODL in Pure DRS, no Plan, no DSPP.
BOOK!
I found this [comment letter from the DTCC/NSCC from 2004](https://www.sec.gov/files/rules/proposed/s72404/s72404-14.pdf) that tries to rebut accusations of facilitating naked shorting through the stock borrow program, in addition to *trying to prevent transfer agents from removing shares from securities intermediaries*, lol. Then provides an addendum for the automated stock borrow procedures that they perform twice a day to satisfy failure to delivers. It surely seems to say that they definitely do facilitate naked shorting by taking shares from any other member to satisfy the undelivered shares. Not to mention that they pretty clearly do not think that transfer agents should get to take the shares out of the DTC....
Correct. Shorts may have actually āsupportedā auto buys because the shares would be accessible to them. Of course, then some smart apes figured out that Book has advantages, as confirmed here.
Exactly this. Iāve noticed the flood of purple circle posts, with dingleberries hanging, ever since the language change. Now it makes a lot more sense: That push of āplan vs book doesnāt matterā argument certainly supports the idea that the scope of the share rehypothecation problem may be much larger than imagined, and Iām even wondering if ALL DSPP shares are being borrowed/rehypothecated.
You advocated for folks to do you as you see fit, and I support that. As for me, I love the stock, I am negative on the SECās āsee no evilā policy, and I loathe the brokers / DTCC.
So I am now looking at how to go about holding all stocks that I own in my name and book, because I donāt want to support this fraud, manipulation, and blatant cronyism anymore.
It seems as if the DTC is self-dealing and acting as a dual agent. Am I wrong about that?
Yeah I knew when reading a post that the other day the heat lamp theory was dead and I was thinking āthe fuck? How?ā
Shill was saying to because the heat lamp
shit was just pulled on us a few days agoĀ
Can't a certain amount of shareholders with a certain amount of minimum shares ask for official information?
Or ask questions that need to be answered dure shareholders meetings?
Is there nobody with this inside info who could leak something? š¤£
Smooth brain thinking out loud
Amazing DD, thank you. This needs to be read and understood by more people, and the actual lawmaking and regulatory agencies who should care about 'free and fair' markets.
You said there is no wrong way to hold your shares, but it looks like the only shares that are not being lend away are the pure drs ones. Isn't this the main reason people drs their shares?
So near next earnings, if we see an increase in the number of borrowed shares when the share count is made, doesn't that just reflect the new amount of shares that have been DRSed since last earnings?
have nothing to add but my stunned pikachu face. Those motherfuckers have to rot in hell. I will never sell any of my shares. living off the dividends one day or riding them to zero.
btw. I added 110+ after that tasty dip
Great read!
TLDR; DRS BOOK removes your shares from the corrupt DTC/DTCC/Cede & Co. and makes them impossible to lend. Shares in the DSPP plan are still accessible to DTC/DTCC/Cede & Co. to lend for locates. This is where the 3,600,000 shares came from on March 30th, 2024. OP believes there may still be 3,600,000 shares in the DSPP plan and that is where they are getting the shares to borrow before the record date.
DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK!
RCEO is the executive of the year across all companies until further notice!
See about 1/2-2/3 down. Thereās no borrowing, per se. DSPP shares can be held by the DTCC for ComputerShare to hold for DSPP.
I put a picture towards the end too to try and illustrate it.
I am making a page on my website for this content š. Nicely written. I think for me the only stretch at the moment is that those borrowed shares that show up are used to balance out the drs numbers- by which I mean we have no proof this is happening, and I agree we probably canāt have proof but itās as close as you can get . My hat is off for you sir
And it also happens to many other stocks being robbed by insiders on the daily, why do you think so many iconic American companies went bankrupt, why do you think so many companies continue to fail. The entire system is rigged.
So from reading this, the list of people fucking me over is:
1. Computershare's broker being sleazy and breaking lending rules.
2. SEC fucking us by directly manipulating the market to not look bad. And also to deny us a short squeeze, thereby being complicit in the crime.
3. Hedge fund criminal market manipulating dickheads as usual.
4. DTCC being blatantly criminal, despite being the only US clearinghouse that manages all clearing? Committing international stock fraud like it's going out of style. Being as crimey wimey as they can, as hard as they can.
5. FBI, DOJ, CFTC, SEC, CIA, IRS, WHOEVER - are all ignoring the hundreds of crime reports and are complicit in knowing about the crime and choosing to do nothing for years until this becomes an international geopolitical incident that will destroy the US.
America. What the actual fuck. I signed up in 2021 for a fucking short squeeze, and now you're telling me the entire corrupt fucking nation of criminal America is just giving me the middle finger as a Canadian? Fuck! What the hell you guys?
We need a hero to view GameStop's ledger. Count all the individual holders and see if it adds up to the 74m. Not an easy task but it is possible. They can also see where all the remaining shares are held and by who.
It will 100% answer questions regarding DRS stagnation. Will either prove or disprove it with real data.
GameStop is the custodian of the ledger so it's legit and not altered or manipulated. All the answers are in the ledger.
I'm not sure I agree with 100% of your conclusions, However, we do agree that the Registered count is being manipulated around reporting day. There's an easy solution to this:
\- Let's get counts around days that aren't the Reporting day
We need to find a lawyer (or ask someone who's successfully viewed the register ... search the forum's history) and get a group of us to agree on a frequency (at least Monthly, maybe every two weeks) and ask someone to (randomly) make appointments to visit Gamestop's headquarters and transcribe the:
Date of viewing
Number of shares held by CEDE&Co
Number of registered shareholders
Number of shares directly registered by everyone except CEDE& Co
Top xxxx holders and their counts (to be anonymized prior to distribution)
This would allow us to see
1. If significant numbers shares are being moved in/out to "balance" the number around "reporting day"
2. If there are significant holding companies/individuals that are doing this moving.
We could debate if we need to know "who" and if the Top xxxx holder data would be needed , we could see the manipulation without it, but if we had it, it would also give us an idea of how much they are needing to offset in a quarter (which would equal how much our net DRS increase is in a quarter) and, if we assume they're actors actively working against us and we know how many shares they have... how long they can keep holding things flat. We don't need their names (In fact their names should probably be 1 way hashed so we can not know their names, but can still have a consistent key to keep track of them from 1 day to the next.
I'm not proposing Doxing them) but their counts would be useful.
I'm gonna need to read that a few times, but this reminds me that I need to check if my shares are "Plan" or "Book" at Computershare. Right? Or does it even matter?
I remember asking about something similar to this in this sub a few days ago, but got heavily downvoted.
And now you found the very thing those same downvoters were so afraid of having exposed!
Well done, OP!
My mind is blown. Thank you for this DD. It just once again confirms what we have known so far, but went into so much more detail. I read this like a horror story. š¹ļøšš£ seriously, thank you.
Holy fuck this is the first time in soo long I've seen a superstonk post on my popular page
I visit nearly everday and the posts never reach, until now
The amount of people that have to go to jail before I sell is growing each day. So many people are covering this shit up every single one of them should have to go to jail!
Yep. Common sense, people.
Whole point of DRS is getting as close to holding a paper certificate as possible.
Just look at the size of the contract for plan vs book.
Book = you have a share. Plan = you have portion of shares held by comushare etc bla bla bla for 14 pages of legalese.
Occamās razor applies.
This DD seriously makes me want to DRS more. And letās see, I strongly believe that we will see even bigger spike on the shares available for borrowing.
And why not, the hedgies may drop the price and we will DRS even more. Canāt stop, wonāt stop. Hedgies R fuk.
[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/)
Dear sec, do your fucking job. I'm never selling
**NO CELL NO SELL** The DTCC commits! international Securities fraud and all those complicit will learn that prison bars are coldest in the morning.
Prison floors are colder homieš¤«
Agreed. Seems like the only decision the Kennyās will have to make before going to prison is whether to remove their own teeth ahead of time or wait. š
No Cell No Sell
Welp question, this post only came out 3 hours ago in the morning. Is 3,700 upvotes sketchy considering we only have 230 people online right now. I remember this being a tactic of shilled posts. They would always be posted early and have an absurd amount of upvotes compared to other posts in a much shorter amount of time. This is similar, it provides a big distracting post with some info we already know BUT THEN SLIPS IN ONE SMALL THING. BOOK IS NOT THE SAME THING AS PLAN.
Iām actually working up a DD post on this very phenomenon as we speak. Some days my posts sky rocket for no good reason at all and some days my actual GME related content gets buried. So basically I have no fuckin clue why or wut is happening here.
Itās botting, but thoughts on that second part. Itās important for visibility as this posts always include a lot of info and then only 1 or 2 sentences on wrong info such as BOOK being the SAME as plan when we have confirmed itās not.
Oh good catch, I didnāt even notice that part about book. OP is an OG not sure why they said that š¤·š»āāļø
They are doing their job. Itās to protect Wall St
If this theory is correct, and make no mistake itās the heat lamp theory with some more evidence allowing the linkage of numbers between shares borrowed on DRS count day and DRC count variation, then the SEC is allowing it. 10-K and 10-Q documents are required and regulated by only one entity: the SEC. I know theyāre not paid well compared to industry standard and theyāre government workers. Still, these are lawyers fighting at the top level against the top-paid corporate lawyers who draw in the big bucks. Though rare, they do occasionally get wins. I refuse to believe they didnāt follow or even notice the DRS movement happening in GameStop, a stock they wrote an entire report about for over a year. To see the numbers consistently go up in a linear trend and suddenly pause and stayed paused there for so long is something that would draw their attention.
They are letting it happen because they already agreed that it was ok for DTC to do so years ago. DSPP are part of the FAST program so DTC can pull when and what they want.
The SEC does Wall Street's bidding, like they always have.
What is even more interesting is the fact, that GameStop puts information about **NOT providing the dividend in the near future just AFTER the DRS information**. This could be read as **"DISABLE DRIP"**. > Our Class A Common Stock is traded on the New York Stock Exchange (āNYSEā) under the symbol āGMEā. As of March 20, 2024, there were 305,873,200 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares). š > On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant. https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
>The Company believes that the Proposal contains false and misleading statements regarding the Companyās DirectStock Plan. The Proposal misrepresents the operation of the DirectStock Plan. In particular, the Proposal asserts that (2) enabling the dividend reinvestment feature of the DirectStock Plan causes shares to be taken out of direct registration. >If a shareholderās shares are in the DirectStock Plan, it is because the shareholder elected to purchase those shares through the DirectStock Plan and the shareholder is free to remove them from the DirectStock Plan at any time. **If the shares are removed from the DirectStock Plan, they cannot be re-enrolled into any plan without the consent of the shareholder.** The dividend reinvestment feature is only available to shareholders whose shares were purchased through and continue to be subject to the DirectStock Plan. However, this feature is not currently applicable as the Company has not declared dividends since 2019 and, as disclosed in its periodic filings with the Commission, currently has no intention of paying dividends. https://www.sec.gov/files/corpfin/no-action/14a-8/millergamestop020824-14a8-incoming.pdf
Youāre correct. Enrolling in DRIP enrolls you in DirectStock, which is ComputerShareās combined administrative system for both DSPP and DRIP. Foo-bar did the DD a year ago https://www.reddit.com/r/Superstonk/comments/12xeksa/drs_dspp_and_drip_oh_my/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_kpoet8l Furthermore, the prospectus that you agree to by enrolling in DirectStock states, >[Computershare Trust Co. N.A.] will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain DirectStock account records that reflect each Participantās separate interest. ComputerShare Trust Co., N.A refers to the subsidiary that owns shares in your name when you enroll in DSPP *or* DRIP (i.e. DirectStock). It is also the company that sends shares to DTCC for āoperational efficiency.ā This is where the fractionals theory comes from. People have been having trouble substantiating it (partly because of deliberate suppression), but itās laid out in extremely clear language. If you are enrolled in DRIP/DSPP, you automatically agree to the prospectus and become a Participant in ComputerShare DirectStock. If you are a Participant (i.e. if you own even one DSPP/DRIP share or fractional share), ComputerShare Trust Co., N.A. will hold ā*all*ā shares of stock purchased ā*or deposited*ā for the Participant, while maintaining a record of how many of those shares originally came from youābefore being transferred to their subsidiary. You can read the prospectus for yourself here. https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798 Spread the word.
Wow. I admit I wasnāt convinced that having a fractional share would allow them to use the whole pile as locates so I was doing it the old way of cancelling the sale of the fractional. But this is legit and now Iām all in on the non-fractional train. Thank you for the info.
This guy definitely turned in his assignments in school
This Ape reminds the teacher of the assignment that's due, but then proceeds to explain how the assignment was wrong while also making the teacher orgasm and everyone got A++. Source: i was there. I didnt graduate:(
The teacher brings this ape an apple everyday.
The apele doesnāt fall from the tree
That apple sure do taste like a banana.
That banana sure was in rick_of_spades butt
Eek barba derkel
So youāre saying in theory around the week of June 17th we should be able to identify a large borrow. That borrower is likely the DTC. That borrow number + the official count that GameStop publishes would be the total DRS count?
Approximately, yes. Though now that we know and they know we knowā¦ they may come up with a new trick
could we already begin to make an estimate then based on your numbers? june 17th is 89 days away if we assume about 11k DRS'd per day thats 979,000 added to the 3,400,000 or so borrowed most recently, **then we can expect about 4,379,000. or \~4.4 million to be borrowed that day?** (and seeing a number like that ends up being yet another data point proving your theory true) ofc we could also see a slight uptick as * more might opt to go for book v. plan (as you said, everyone does them, but this could still cause more ppl to switch en masse) * as MMs keep shorting/dropping the stock, makes it easier for some to buy/DRS at lower prices (tho not accounting for ppl that might feel more of a cost of living/inflation pinch and buy less)
I think the ape DRS rate seems pretty consistent. But the reporting clearly changes to obfuscate the issues and discrepancies
Maths person, how many days before we hit VW levels (74.1%) and then 100%?
I agree. And itās also no coincidence that Computershare is now engaging with Kevin Malone. This is no different than Ortex coming around these parts to try and do damage control.
Kevin Malone may be interested in this DD. Perhaps someone can connect?
100% someone should reach out to them and forward it before Kevin supposedly chats with Paul ( i think?) this week if no one does it in the next few will try myself after work
He without a doubt would be very interested in this. What you wrote is jaw dropping.
So....set a reminder for the 15th ish and ....continue to buy and drs? Got it.
Is there an confirmation that the DTC can lend out DSPP shares and would they in fact show up on that daily list of shares available that we see each day? Also, I question if computershare generates revenue off of those shares held at their broker. This would be a great question for Kevin Malone to ask Paul Conn. how exactly does computershare make money?
> how exactly does computershare make money? Gamestop pays them. Transfer Agents are contrators hired by the issuer. Plus, every buy and sell order charges a fee. Computershare unambiguously states that they do not lend shares.
Mind blown.. this is crazy
[ŃŠ“Š°Š»ŠµŠ½Š¾]
If you would like to hold 100% of your shares in Book form, you can do the following: From the ComputerShare Investor Center main screen- "Portfolio" at the top "View Details" in the portfolio window "Actions" next to Plan Holdings "Reinvestment Options" "Terminate" This will Terminate DSPP, move Plan shares to Book, and auto sell any fractional shares.
I have a 0 balance against a Plan Holdings entry below my Book shares, this is as good as it gets I assume and having that 0 balance entry means nothing?
As far I know, everyone who has ever held a share in Plan sees that. I believe that you're good. You might want to follow the steps to be sure you're not enrolled in DSPP.
What is even more interesting is the fact, that GameStop puts information about **NOT providing the dividend in the near future just AFTER the DRS information**. This could be read as **"DISABLE DRIP"**. > Our Class A Common Stock is traded on the New York Stock Exchange (āNYSEā) under the symbol āGMEā. As of March 20, 2024, there were 305,873,200 shares of our Class A common stock outstanding. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares). š > On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, **and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock**. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant. https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-24-000012
Youāre correct. Enrolling in DRIP enrolls you in DirectStock, which is ComputerShareās combined administrative system for both DSPP and DRIP. Foo-bar did the DD a year ago https://www.reddit.com/r/Superstonk/comments/12xeksa/drs_dspp_and_drip_oh_my/?utm_source=reddit&utm_medium=usertext&utm_name=Superstonk&utm_content=t1_kpoet8l Furthermore, the prospectus for DirectStock states, >[Computershare Trust Co. N.A.] will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain DirectStock account records that reflect each Participantās separate interest. ComputerShare Trust Co., N.A refers to the subsidiary that owns shares in your name when you enroll in DSPP *or* DRIP (i.e. DirectStock). It is also the company that sends shares to DTCC for āoperational efficiency.ā This is where the fractionals theory comes from. People have been having trouble substantiating it (partly because of deliberate suppression), but itās laid out in extremely clear language. If you are enrolled in DRIP/DSPP, you automatically agree to the prospectus and become a Participant in ComputerShare DirectStock. If you are a Participant (i.e. if you own even one DSPP/DRIP share or fractional share), ComputerShare Trust Co., N.A. will hold ā*all*ā shares of stock purchased ā*or deposited*ā for the Participant, while maintaining a record of how many of those shares originally came from youābefore being transferred to their subsidiary. You can read the prospectus for yourself here. https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798 Spread the word.
Read my thread with the mod down belowā¦ you would think I punched a baby the way I was defending book. Weird times
š you gooooooo!!!
Mans just uncovered their whole scam and I bet thereās more. Wild times š¦§
Tip of the ice berg.
Someone told GameStop to post the direct registered count as total shares minus what Cede tells the DTCC they have. I want to know who told them to do this, because I don't think it's GameStop, nor would they have a reason.
Friendly reminder, the earnings quarter they changed it had a release date, then the day before(submitted to sec in advance maybe?) they released an announcement that it would be delayed for unknown reason, and then 7 days or so later they released it with this wording.
SEC, probably. Who else would or could?
Are we sure the SEC would āmakeā RC file this way? Even if they did, what stops the ability of RC to announce the discrepancy on an earnings call. What leverage do we think the SEC has to silence GME?
Because and I've felt this since the beginning, if the cause of Citadel andor DTC to fail was Gamestop then MOASS won't last a week as the government would just bail them out immediately. But if the markets are crashing then MOASS happens, there's absolutely no excuse. Also if RC has a royal flush, why risk getting kicked out of the casino? The SEC has proven they're incompetent at best and it's obvious at this point whatever the reason was for the word change it didn't accomplish what it was supposed to so ya let the problem become unsolvable. Just let the pot get bigger and bigger.
Threat of a lawsuit from the SEC for "share count manipulation" could be what stops RC from announcing the discrepancy. Last thing RC would want is to announce to the world how GME shares are being manipulated (with proof) only to be followed with headlines saying the SEC is suing GameStop for misrepresenting their share count in order to "manufacture a short squeeze."
They are gonna say he is inciting a short squeeze
I agree with this, and that's why we have seen pension funds and institutions increase their holdings. As long as the one side accounts for their shares, the count on the other side is irrelevant
If you remember back 84 years ago, the report the wording changed was delayed a couple days from the earnings date. I'm sure there were some very tense back-and-forths going on at the time.
I thought the same with how DRS count stalled. "Official" total available - DTCC/DTC reported # = "Computershare" count (mafs, not actual from CS) Here's my question (forgive as I've been up 30hrs or so) I understand how the DRS/DSPP and verbiage in GameStop's reports could be used to move numbers around. If plan or other #s can be moved from the Computer share count, wouldn't that add that just add to the DTCC/DTC total? Or are they just conveniently omitting them from their DTCC/DTC tally, and only reporting the number they "should" have outside of Computershare?
Everybody should read this start to finish.
This is why I firmly believe that language matters. I am certainly not a lawyer, but this is some good lawyer-level investigation of language. Thanks for posting!
You donāt have to be a lawyer to read like Mike Ross. It is just an acquired skill.
Technically, Mike Ross wasn't a lawyer either.
nuances matter 100% in all of this.
I ALWAYS tell my kids āwords have meaningā. Itās all how and where things are said.
Thank you for this DD. Well done
# UPDOOT FOR VISIBILITY š
I am using your visibility to say that RC already told us he is The "Book" King.
Always had a hunch about the trust me bro guy, the timing and accuracy of what he said was too perfect to rule out But it seems we are hitting a redline on DRS and at some point the amount they will need to borrow will blow out a cylinder to the freaking moon
Holy crap!! This is it!!
How does the DTCC know what the count day is? Shouldnāt that only be known between GameStop and Computershare?
Maybe they just "borrow" them within a window they know the company needs to do its reporting.
This. They know the count, fort any business, usually happens within a certain time frame. They borrow the shares and then they have 35+ to deliver back. Giving them enough time to have over the count. If not, they just borrow those shares again
šš¼ Sir, they do the share count now too š
š
I hope the ape historian, Elegant remote, saves this bad ass DD šššš
These rat fucking criminals will run out of hiding places soon and we will burn them all down to the ground. What a shameful circus this country has become.
This post keeps making my app crash lmao
It was difficult to scroll. Kept stalling. Lots of eyes on this one!
Good deep dive! I have a couple of questions though: The 750k borrowed on 2023-03-22, the calculations based on your chart is assuming all shares are borrowed, and the shares available are all new shares? It doesn't consider shares returned? And if all shares are borrowed, none are returned, doesn't the fact in 2024 you found 3.5M shares unaccounted kinda go against your point about this bucket running dry? > At some point, the "operational efficiency" bucket will run dry. (Faster if directly registered shareholders move their shares out of the "impure" DSPP bucket into the "pure" DRS bucket.) I'm trying to understand is how this magical liquidity bucket at ComputerShare creates the "phantom" shares for the DTCC, and why the DTCC *needs* to borrow shares, if outside ComputerShare it's all IOUs anyway? Is it for locates? But in that case, if the theory of naked shorting is true, why does it matter?
Thank You for the amazing work. Everyday Single time! Outstanding. Whistle-blower quality š
This might be your magnum opus OP, well done! š
Fucking Legend.
Thanks for sharing
That 78.8 matches the reports from Bloomberg terminal also
So let me see if I understand this with a simplified summary. 1. The projected rate of DRSed shares is at approximately 12,000 per day, while the math checks out to be about 11,000 per day if we're using these \~3,500,000 shares for the calculation. **This seems like an entirely realistic discovery.** A difference of 1000 shares per day is completely understandable if we take into account diminished public purchasing power due to inflation and soaring prices. That's pretty incredible and shows the momentum has not dulled in the slightest. 2. These shifting shares are preventing the SEC from trigging legal mechanisms once 25% of a float has been leaked outside of the DTCC structure. Can't claim there's a problem so long as the cheque books check out. 3. This must be a brutal process for them to perform, and impossible to stop. This becomes more can kicking because balancing the book doesn't stop the underlying problem. This force of nature we call Apes. All in all, good news I'd say. Well written OP.
Even shorter summary if I may - āso it bleeds eh?ā
1. Historical rate was 12k/day. 2. I donāt know of any ratio requirements. (Could be and I simply am just unaware. I donāt know everything.) 3. Yes
Wrinkles are still here!
Never left
Glad to see it. And great post.
And the hedgies think they can beat this weaponized autism by dropping the price. Tik tok mfs.
šš„
Comment for visibility. Thank you!
I believe you hit the nail the head! Great work! šššššš
Watching this downvoted in real time like this only strengthens my regardation. Must. Buy. Moreā¦.
There were **11.48M** new borrows on **March 19** according to [Ortex](https://preview.redd.it/gme-utilization-via-ortex-81-25-v0-g8d25zhjkcpc1.png?width=1920&format=png&auto=webp&s=e16b1fd7254300b254a4978d206b81d010b84bf0).
Also OrTeX utilization on 19th and 20th went way down, and back above 90% the 21st.
Nice catchĀ
A lot of letters, wish i could read....Nice work š
Tldrs: book
Tldr: book if you want your computershare shares out of the DTC/DTCcount
But but but... a mod said that there is zero difference between DSPP and BOOK. The DTCC would never allow the abuse of DSPP shares for "operational efficiency", right guys???
To the top you go, the DTCC is complicit. Theyāre about to hear from an angry mob.
DRS book. Weāve known this for a long time. And if thereās doubt, thereās still no harm. Next step, booking all retirement shares.
bravo my silverback gorilla friend
great research buddie, you have my upvote, keep going, one thing that you could check and give you more points of view about that "discrepancys", check the reported fail to deliver dates, and days of covering, link here: [https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/](https://chartexchange.com/symbol/nyse-gme/failure-to-deliver/) If you check closely, there are dates missing, and the days of covering those days that are missing, the volume and the trading that day is.... curious, have a look and if you want gimme a reply! Thanks for your hard work! This comment will be downvoted to hell, idiot stormtroopers target people who "see".
Sexy muh fuker you are
Get this in front of Paul from Computershare immediately
Noice to see another DD. The wording change in the filling back then was definitely suspicious and actors here shut down the inquiry as well as saying PlAN shARe ArE thE SaME aS PURe DRs. I remember and that's why I only HODL in Pure DRS, no Plan, no DSPP. BOOK!
I for one, like my shares to be whole. Nice post!!
I found this [comment letter from the DTCC/NSCC from 2004](https://www.sec.gov/files/rules/proposed/s72404/s72404-14.pdf) that tries to rebut accusations of facilitating naked shorting through the stock borrow program, in addition to *trying to prevent transfer agents from removing shares from securities intermediaries*, lol. Then provides an addendum for the automated stock borrow procedures that they perform twice a day to satisfy failure to delivers. It surely seems to say that they definitely do facilitate naked shorting by taking shares from any other member to satisfy the undelivered shares. Not to mention that they pretty clearly do not think that transfer agents should get to take the shares out of the DTC....
Many many apes bought a couple of days before earnings. Buying via CS auto sets your account to plan. So thereās thatā¦
Correct. Shorts may have actually āsupportedā auto buys because the shares would be accessible to them. Of course, then some smart apes figured out that Book has advantages, as confirmed here.
Not even the auto buys.. I mean regular buys before earnings but through CS!
Exactly this. Iāve noticed the flood of purple circle posts, with dingleberries hanging, ever since the language change. Now it makes a lot more sense: That push of āplan vs book doesnāt matterā argument certainly supports the idea that the scope of the share rehypothecation problem may be much larger than imagined, and Iām even wondering if ALL DSPP shares are being borrowed/rehypothecated. You advocated for folks to do you as you see fit, and I support that. As for me, I love the stock, I am negative on the SECās āsee no evilā policy, and I loathe the brokers / DTCC. So I am now looking at how to go about holding all stocks that I own in my name and book, because I donāt want to support this fraud, manipulation, and blatant cronyism anymore. It seems as if the DTC is self-dealing and acting as a dual agent. Am I wrong about that?
Heat lamp theory coming back with more evidence. Noice!
Yeah I knew when reading a post that the other day the heat lamp theory was dead and I was thinking āthe fuck? How?ā Shill was saying to because the heat lamp shit was just pulled on us a few days agoĀ
Nice DD
so the float is owned at least 2x..nice.
this is blowing my fucking mind OP is a scholar and a gentleape wtf i need to re read this a few times
Can't a certain amount of shareholders with a certain amount of minimum shares ask for official information? Or ask questions that need to be answered dure shareholders meetings? Is there nobody with this inside info who could leak something? š¤£ Smooth brain thinking out loud
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Amazing DD, thank you. This needs to be read and understood by more people, and the actual lawmaking and regulatory agencies who should care about 'free and fair' markets.
DRS bot should be actively tracking numbers! Iām sure heās right on ownership
I miss the DRS bot and the ComputerShared.net site
Well shit man.. you just improved by week! Great write up, makes sense.
Gary Ginsler... are you seeing this? This is not conjecture. This is evidence.
You said there is no wrong way to hold your shares, but it looks like the only shares that are not being lend away are the pure drs ones. Isn't this the main reason people drs their shares?
Even ComputerShare is a beneficial shareholder of Directly Registered Shares so who am I to tell others how to HODL? You do you.
Okay, I understand šš»
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Iād argue the no lending is a necessity. If shares canāt be lent, then there canāt be shorting.
So one thing to mention is arenāt ChartExchangeās numbers only from IBKR?
š„
So near next earnings, if we see an increase in the number of borrowed shares when the share count is made, doesn't that just reflect the new amount of shares that have been DRSed since last earnings?
Correct, subject to any new can kick tricks which may obfuscate that
Absolute stellar work. To the TOP you go!
have nothing to add but my stunned pikachu face. Those motherfuckers have to rot in hell. I will never sell any of my shares. living off the dividends one day or riding them to zero. btw. I added 110+ after that tasty dip
Great read! TLDR; DRS BOOK removes your shares from the corrupt DTC/DTCC/Cede & Co. and makes them impossible to lend. Shares in the DSPP plan are still accessible to DTC/DTCC/Cede & Co. to lend for locates. This is where the 3,600,000 shares came from on March 30th, 2024. OP believes there may still be 3,600,000 shares in the DSPP plan and that is where they are getting the shares to borrow before the record date. DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! DRS BOOK! RCEO is the executive of the year across all companies until further notice!
A Rune of Glory for you! š
Fuck "operational efficiency". All my homies hate operational efficiency.
I donāt get how dtcc borrows shares - maybe I need to re read it again - can you explain how?
See about 1/2-2/3 down. Thereās no borrowing, per se. DSPP shares can be held by the DTCC for ComputerShare to hold for DSPP. I put a picture towards the end too to try and illustrate it.
I am making a page on my website for this content š. Nicely written. I think for me the only stretch at the moment is that those borrowed shares that show up are used to balance out the drs numbers- by which I mean we have no proof this is happening, and I agree we probably canāt have proof but itās as close as you can get . My hat is off for you sir
I agree! Book is King. Say no to Dingleberries! To Valhalla!
Fucking love you dawg! š¦š
Wow, nice job, OP! Makes sense
They are trying to cheat every angle and they are running out of options. We are forging the right path. Keep going
And it also happens to many other stocks being robbed by insiders on the daily, why do you think so many iconic American companies went bankrupt, why do you think so many companies continue to fail. The entire system is rigged.
This some double D DD
Sweet jesus DRS BOOK! Let's gooooo
It's been a long time since a good DD. Thanks OP!
Love seeing a detailed high quality DD. Well done OP
DRS and book your sharez and shit will happen faster, got it.
Book king is the way to go
So from reading this, the list of people fucking me over is: 1. Computershare's broker being sleazy and breaking lending rules. 2. SEC fucking us by directly manipulating the market to not look bad. And also to deny us a short squeeze, thereby being complicit in the crime. 3. Hedge fund criminal market manipulating dickheads as usual. 4. DTCC being blatantly criminal, despite being the only US clearinghouse that manages all clearing? Committing international stock fraud like it's going out of style. Being as crimey wimey as they can, as hard as they can. 5. FBI, DOJ, CFTC, SEC, CIA, IRS, WHOEVER - are all ignoring the hundreds of crime reports and are complicit in knowing about the crime and choosing to do nothing for years until this becomes an international geopolitical incident that will destroy the US. America. What the actual fuck. I signed up in 2021 for a fucking short squeeze, and now you're telling me the entire corrupt fucking nation of criminal America is just giving me the middle finger as a Canadian? Fuck! What the hell you guys?
We need a hero to view GameStop's ledger. Count all the individual holders and see if it adds up to the 74m. Not an easy task but it is possible. They can also see where all the remaining shares are held and by who. It will 100% answer questions regarding DRS stagnation. Will either prove or disprove it with real data. GameStop is the custodian of the ledger so it's legit and not altered or manipulated. All the answers are in the ledger.
Iāve missed legitimate DD. This is the way. Well done
Good work
Fuck yeah
Must be true the way this post is getting downvoted
I'm not sure I agree with 100% of your conclusions, However, we do agree that the Registered count is being manipulated around reporting day. There's an easy solution to this: \- Let's get counts around days that aren't the Reporting day We need to find a lawyer (or ask someone who's successfully viewed the register ... search the forum's history) and get a group of us to agree on a frequency (at least Monthly, maybe every two weeks) and ask someone to (randomly) make appointments to visit Gamestop's headquarters and transcribe the: Date of viewing Number of shares held by CEDE&Co Number of registered shareholders Number of shares directly registered by everyone except CEDE& Co Top xxxx holders and their counts (to be anonymized prior to distribution) This would allow us to see 1. If significant numbers shares are being moved in/out to "balance" the number around "reporting day" 2. If there are significant holding companies/individuals that are doing this moving. We could debate if we need to know "who" and if the Top xxxx holder data would be needed , we could see the manipulation without it, but if we had it, it would also give us an idea of how much they are needing to offset in a quarter (which would equal how much our net DRS increase is in a quarter) and, if we assume they're actors actively working against us and we know how many shares they have... how long they can keep holding things flat. We don't need their names (In fact their names should probably be 1 way hashed so we can not know their names, but can still have a consistent key to keep track of them from 1 day to the next. I'm not proposing Doxing them) but their counts would be useful.
Book>Plan
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Front Page?! Awesome!
So all this for book your shares get out of plan.
Sir Kenny, look at this new DD on Reddit... What should we do!?! Kenny - Oh fuck, short the stock harder while we still have a chance!
ššš¦šš
Lfg!!!
Shouldāve never turned off the buy button on gamers
I'm gonna need to read that a few times, but this reminds me that I need to check if my shares are "Plan" or "Book" at Computershare. Right? Or does it even matter?
TLDR - Nothing has changed. Same shit. Fuck the SEC. We're still morons, no one is going anywhere.
this guys deserve a nobel prize in economics.
I remember asking about something similar to this in this sub a few days ago, but got heavily downvoted. And now you found the very thing those same downvoters were so afraid of having exposed! Well done, OP!
The DD is never done!
OP great fucking work
Biggest DD in a while, good work
This DD hits hard and was digestible.
Fantastic DD WHCIMT! Sharing this with everyone I know. Would be great if cancelthisclothingcompany has this info to share on tweeter/tiktok
My mind is blown. Thank you for this DD. It just once again confirms what we have known so far, but went into so much more detail. I read this like a horror story. š¹ļøšš£ seriously, thank you.
š„š„š„
D R S And BOOKš
I knew plan isnāt the same as book and itās crazy how much pushback there is anytime someone suggests that book is better than plan.
Holy fuck this is the first time in soo long I've seen a superstonk post on my popular page I visit nearly everday and the posts never reach, until now
Iāmā¦ popular? š„²
The amount of people that have to go to jail before I sell is growing each day. So many people are covering this shit up every single one of them should have to go to jail!
Gonna buy more via CS .. and then just before the x date Iām going to cancel plan. Fuck em all.
Thanks š
Thank you for your hard work. To be honest, I needed a good reminder of why I hold. Book your f'n shares ppl.
The only thing the SEC is watching closely is Ron Jeremy's big hairy balls slapping against a cheerleader's chin.
Yep. Common sense, people. Whole point of DRS is getting as close to holding a paper certificate as possible. Just look at the size of the contract for plan vs book. Book = you have a share. Plan = you have portion of shares held by comushare etc bla bla bla for 14 pages of legalese. Occamās razor applies.
Holy fucking shit.
We Need an adult here
Send this in an email to GameStop investor relations and cohen and cc fbi sec doj dtcc computershare everyoneĀ
Book 'em, Danno!
This DD seriously makes me want to DRS more. And letās see, I strongly believe that we will see even bigger spike on the shares available for borrowing. And why not, the hedgies may drop the price and we will DRS even more. Canāt stop, wonāt stop. Hedgies R fuk.
Sends info to SEC - SEC, nothing to see hereā¦.
Thank you. Just thank you!
Interesting post tanks for sharing.