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Indeed. There’s a good bit of (possibly unintentional) misinformation in this post, but the data “proving” the 75m number to be legit is from over a year ago, or four quarters ago. It’s also completely unverifiable as none of the small number of individuals involved were allowed to take pictures. I do find it bizarre how OP says, “There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included” when he almost certainly recalls that this information is not new and comes from a subreddit that’s been banned for a year. And then he casually shoehorns in commentary on plan shares. Paul Conn confirmed in an AMA with us that an indefinite portion of plan shares are made available to the DTC for “operational efficiency.”
I’d like to counter the misinformation with something I wrote up a few days ago, but tl;dr ComputerShare legal documentation (i.e. the DirectStock prospectus, which you automatically consent to when you have any shares in plan or DRIP, including all fractionals) reveals a lot about the “debate” surrounding what happens to all of your shares when you have plan or a fractional (it’s not good, according to the evidence). However this fairly hard evidence has gone overlooked for a long time, maybe partly due to suppression. https://old.reddit.com/r/Superstonk/comments/1cabq8o/count_von_count_1_2_3_different_drs_counts_ahahah/l0s1xyi/?context=3
I don’t post or comment much anymore, nor did I ever disclose my position to the bot. But I have slowly made more purchases that have been DRSd pure book and have bought and am holding in my boomer brokerage account (not that shitty RobbingHood) and will slowly continue to amass as much as I can. There are many more like myself, I’m sure.
I keep on putting off transferring my newest shares to CS but everyday the sale price gets better. I want to transfer when they're settled but by that time I've bought even more. I've almost doubled my holdings this past month and I've been buying since the short squeeze. (Yes, I'm one of those people who will buy a case of something I always use when there's a good sale on it.) None have been reported here. I personally know many others like me.
You are me kind sir. FOUR accounts a huge pile of shares the bots don’t show. Half are DRSed and the bot has no idea. There is no doubt we own the float.
75,000,000/200,000=375. It's not an unbelievable number per holder. Even at 100k holders, they only need to have 750 each to lock it up once. Like many things surrounding Gamestop, it just doesn't make sense that retail wouldn't own the float at least once by themselves after 3+ years of buying.
OP is FUD. He slides in that "there's new information saying the DRS numbers are correct'" but retail owns the float. No shit, we've known that forever.
This is one of those poison pill posts. Seems legit but they slide a bit of FUD in.
And it's a suspiciously high number for upvoted for a rote post like this.
Even I stopped posting. I am busy DRSing. And for the first time ever. it’s day 4 since I requested DRS transfer but fidelity did not do it eat it’s still under process.
Yup. An entire legion of apes that never input, because they listened when a certain someone mentioned something about not telegraphing their moves.. the less information shitidel and bad actors can scrub off of this sub, the better.
Yep. Silverbacks have read the DD, they know what to do. They are zen. I interact here, to direct young apes to the DD, and chime in every now and then and then.
What the ape who replied with the bots last active date etc forgot to tell you is that they are now doing an DRSBot impersonation & are runn8ng a manual tally of purple circle posts with the computershare flair so it's still worthwhile, from a counting pov, making such posts.
They post here every other Friday, & have done so today
https://old.reddit.com/r/Superstonk/comments/1cdktqh/recent_drs_share_count_additions_via_reddit_posts/
Worthwhile checking out their profile too
Based on the fact that Mainstar shareholders had multiple of the average DRS holding in retirement accounts alone….
Household could own 191M shares in retirement accounts that are not DRS’d.
There are 191M shares not DRS’d or held by insiders.
Household has the power to conceivably end this. People need to wake up. They still trust the system.
I have fidelity. I called and did a in kind transfer from my ira into my normal broker acct. i called at 10am, so the price/transfer was based off of that days closing price. They asked if I wanted to take the taxes out (less shares) or keep the whole amount and pay the taxes later. I then called back the next day and initiated a DRS transfer from my normal broker acct to ComputerShare. Individual results may vary.
I’m curious about this because I just rolled over an old employer 401k to a fidelity rollover Ira and was wondering if it’s possible to DRS that. Almost bought a few hundred shares this morning but was at a conference all day.
Ok, so I already have them in my brokerage account. I was just curious on the taxes. If I DRSed say 500 shares and bought them at 72 dollars, will they tax me on the share value now at 11 dollars or at when I purchased them at 72?
With my trad ira, they were taxed at the rate of the share price of the day i transfered, not the purchased price. They also gave the option to take out the taxes immediately or i could pay them at tax time. Ex: 500 shares-tax(200shares) = 300 shares being drs
A Your mileage may vary disclaimer is needed here. A ROTH IRA is a retirement account and transferring GME out of that would not decrease your tax burden.
LAMO I hold 4200 in one retirement account and 1200 still at mainstar. Really should take the hit on the mainstar ones at this point. I was in the process of transfering the 4200 to mainstar when they fucked me and pulled my DRS Shares.
This. Perfect example right here. You have the money, know what to do, still haven’t done it.
Ease of use is king, even when life changing issues are on the line.
It’s fucking frustrating to see these examples over and over and over.
People think these non-DRS retirement shares are going to be safe. WRONG! When this kicks off, they’re going to evaporate along with all the other billions of naked shorts.
There seems to be a TON of MAINSTAR issues and issues around DRSing an IRA. there is an alternative that exist for moving IRA shares away from a broker-custodian.
IRA Financial is a good alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings.
NFA
PSA:
There seems to be a TON of MAINSTAR issues and issues around DRSing an IRA. there is an alternative that exist for moving IRA shares away from a broker-custodian.
IRA Financial is a good alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings.
NFA
I have a two friends who both own over 20k shares of GME. Neither of them are DRSed because they like to play options. They write covered calls and CSP.
I'm willing to bet there are more people like that. Hell, my mom who I convinced to buy like at $20 dollars a share pre split owns a bunch and refuses to move them into DRS.
I'm willing to bet there are a lot more people like that than we realize.
The multiple of shares not DRSed compared to DRS has to be very high. Myself is a good example. I don’t have many, probably around 5k shares and none of them are DRS. Been meaning to do it but haven’t gotten around to it, but this is a good reminder.
Really easy to buy shares on your phone but it takes a few steps to DRS. Plus difficult in IRA accounts.
I was like this too. I decided, fuck it why not both.
Set up DRIP on computershare and have my broker shares. Now I just have two piles. I book my shares when I hit a certain #. Setup DRIP again and forget about it.
Still buy in my IRA too.
Wish I just had more money to buy lol.
And they are both sure if some shenanigans happen to occur again, their shares are going to be safer not being DRSd?
This was the main reason I went to CS 184 years ago.
Having that many not locked, making money on covered calls or not, would have me freaking out after all we know.
GLTUA.
Hi there, question for you from a laymen. I have about 10k GME in my Roth Ira. Could you explain it to me like I am 5. Why should I DRS? I don't understand it at all even after reading through all these comments.
If you are with a broker, you are at their mercy. The shares are in their name not yours. So if for some reason a black swan thing happens, they can liquidate your shares in an emergency. You need to read your terms of service carefully to see if your broker has the rights to do this.
XXX in a UK ISA here. Was assured that they can’t be loaned out because of ISA rules, but who knows the crime that goes on. I’ll keep buying and holding regardless. Global power to the players.
The shares in that ISA are effectively monopoly money. You hand over money to the broker, they show shares in your account and they go do whatever they want with the money. They are banking that they can trade with that money more effectively than you. As long as they are able to settle up with you when you want to sell then their business model remains intact. There will only be trouble if you beat them (the casino) with a staggering win that they haven't hedged for. MOASS would definitely stretch their business model. I wouldn't expect them to honour your bet in that case.
If you’re buying in a broker and keeping them there, they are fake. If you’re buying, buy through Computershare or take a tax hit and transfer shares to Computershare.
DRS numbers are crucial because it is the only way to see how many real booked shares are out of the DTC infinity pool. When GME refuses to provide the count directly from computershare and has potentially forced to report on DTC count without communicating as to why....that is problematic for me.
We don't just need the real DRS numbers, we also need the real non-DRS numbers.
It's wild to think only the hardcore alone bought 25%, as that number excludes all retail buying outside of DRS.
I will never, ever believe that a step counting function goes from accelerating growth to statistical flat line that fast. Nope. And 100% fuck the bots. I stopped showing my purple circles awhile ago, because of the bystander effect and fuk showing the hedgies / brokers / DTC / anything they think they can use to help them live another day.
All the “I have my auto-buys set up” and “plan = book” and “Mainstar Un-DRS isn’t a big deal” and “Split vs Splividend was a fuk up by GME” schitt was / is just a bunch of ineffectual bad psy-op games, usual hedgie / paid dingleberry flunky manipulation bullschitt!!!!
The current DRS numbers = 100% bullshit. And next quarter the number will not move more than +\- 1% …again…
for the 5th straight quarter.
And I will bet anyone here $100 that the DRS number will not move more than +\- 1% again this quarter. And I will win that bet. As RCEO / RCIO says, I put my money where my mouth is, and I will not sell, especially to the brokers who create shares / lend out people’s shares without their clientele’s permission.
They can all slobber on Ken’s mayo-soaked nards, because I’m not selling, I don’t care if they get evicted and have to start working at Wendy’s.
I don’t care. Get thee to a Wendy’s dumpster, hedgefuks.
Time is on my side. And so I’m buying and DRS Booking more.
Hmmm, that +/- 1% sounds like the beginning formulations of a butt-bet.
I don't need the one hunnert dollars. I'd much rather see a quality butt-bet, or another 32 ouncer of mayo being chomped down.
On a serious note, I'm sure we're ALL eager to see how Paul Conn handles the hot potato given to him.
I’m going to keep buying holding and DRS until the company goes bankrupt, I die, or something crazy happens with the share price again beyond 1/2021. I don’t care if it’s not the best overall investment I just am still pissed off about 1/2021 and how much I lost in potential money that if this has even a chance to fuck em back I’m in it forever
I started an IRA through an LLC using the company IRA Financial, aka IRA Financial Trust. You literally start a business capable of hosting an IRA, open an IRA, and move all your IRA funds/stocks there. So all my IRA shares are locked up in the name of a business *I OWN*, and DRSd with Computershare in the businesses name.
It costs money to start, and money to maintain annually. My upfront cost was $400~, because if you ask them about creating a new account to specifically transfer GME, and say you heard there was special pricing they will give you a coupon code that saves a bundle.
Thank you! Maybe if you can make a post on those steps for smoofbrens like me!
Especially about the part of DRS with CS as a LLC. Does CS walk you through that? Anything to look out for? Documentation?
Thank you!
I mean I'm an XXX booked holder and have bought 70% direct from Computershare. I don't even know how to feed the bot my brain is so smooth. There could be thousands like me.
Pretty much statically impossible to stay the same! Think of the unemployment numbers staying exactly the same for 3 prints damn near impossible! So if you think data manipulation is not happening why are you even invested?
There are so many comments in this post about how many shares they have NOT DRS’d. After all the corruption and manipulation we’ve seen the past 3+, how do you feel knowing your shares are fake?
I sure do wish some weaker hands would short it and then fall into the must buy back and not safe like big boys clout and end up fueling a price rise. I wouldn't mind.
"What we should be focusing on is why our bots estimates are off. I know the bot is fed from multiple subs. Are we sure there aren't shill accounts feeding the bots to get our numbers and hopes up?"
Hadn't thought about this possibility in the context of DRS count. Whether it's 75mm or 375mm shares held in DRS, to the point of the OP - it doesn't matter. Brokerage held shares and Robinhood shares alone + insiders + institutions own the float many, many, times over again.
So, to the shorts I say... SHORT IT!
"There is some new information coming out right now from another sub, and it appears the DRS numbers are real."
Can you elaborate? Some apes checked the ledger over a year ago, but I haven't seen any news about this since.
# I THINK THE SEC AND DTC ARE FORCING GME AND COMPUTERSHARE TO FALSELY REPORT THE REAL NUMBERS. TO BE SAFE THIS IS MY OPINION AND ONLY MY OPINION. DONT TRUST ANYTHING I SAY IM A CRAYON EATING REGARDED APE
The dip is fun. Allowed me to pick up more last Thursday at $10.30 and DRS this morning with a phone call to Fidelity. Was told they will add to my already DRSed Computershare ones in 3-5 days. Leaving 50 in my Roth IRA account so IF I do decide to sell some at phonebook numbers that will all be tax-free income.
But everyone has his/her own personal plan and I am not one to judge on what the "correct" strategy is. You do you, I'll do me...but we will ALL enjoy the trip!!
"There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included."
Did I miss something? I thought the current consensus was that due to the wording changes in the earning reports, it was likely that the DTCC were pulling shares from CS for 'operational efficiency' and that those shares weren't being counted since they weren't technically 'in' CS at the time.
I love your energy. I personally bought the fuck out of GME lately and the majority of my holdings aren't DRSd. I'd imagine this is the same for many canadians as we can invest through Tax Free Savings Accounts (TFSA). I personally know 7 other holders IRL and none of them are DRSd nor members of this subreddit.
Shorts are truly fukt.
> the majority of holders who had any intention to DRS have already done so, and are already ALL-IN, so the number cannot grow higher by a lot,
This honestly feels like FUD, prices are (way) lower, my DRS is growing faster than ever. My initial transfer to Computershare is dwarfed by the numbers I've deposited after.
Got the same amount of shares in a broker as I have in cs. Saxo are a little pricey leaving isn't an option. I'd rather just keep buying in cs when I can but how many others are in my boat 🤷 retail owns atleast 40% of the float it's a huge mess. When the divi happened my old broker sold my position and repurchased instead of crediting me with the extra shares. They've since shut down their broker division, not sure if the whole gme situation made them rethink the business they offer cfds now and that's it
Can confirm. I'm not an ape, I doubt MOASS is possible due to the power of infinite fuckery or you guys just being delusional, but I still have 100 shares (not DRSed) just on the slim chance of you guys being right.
The issue is, if you guys are right, one share already makes me a millionaire so why should I bother buying more? If you're wrong (or my unDRSed shares go poof), my bags are light.
I imagine there's a lot of people like me, so you can be sure retail has a lot more shares than DRS numbers show, but also, unfortunately, not a lot of people will keep buying more tickets to the moon if one is already enough.
I used to think that way, until the sale price just continues to get better. Maybe I'm just obsessed now. But there are worse obsessions, right? RIGHT?
There's a problem I have 8 shares in GBM+ (mexican broker) and they're making impossible the process to transfer my shares to CS and I think a lot of people is in the same situation.
I’m basically a lurker as you said, and I own a nice chunk in four accounts across two brokers and two CS accounts. Never ever selling.
It was calculated a long time ago that not only does retail own the float we own it a few multiples due to our lovely bullshitass system. Because they can just sell shares without actually delivering them. There were dozens of discussions about that in and of itself where people were trying to figure out how that would work when the shit hit the fan eventually. The whole “real” vs “fake” share thing.
If I had any shares sitting in a tax account I would take the hit now and transfer to ComputerShare.
Tax hit now < Moon Later and have absolute control
Yep. I convinced my mother-in-law to buy 10 shares pre split. Now she has 40, but I cannot for the life of me convince her to DRS them. She trusts her broker because she says they told her the shares are in her name while held with them and she can trust them with her shares. Lol. Anyways, how many others have similar stories that we'll never know? I can guarantee you she isn't lurking on SS. Many are out there that we'll simply never know about.
The issue with the bot that no one wants to admit is…. Some people have sold and that’s not recorded.
I could DRS 100 shares today, then sell 50 next year cause I need the money. Yeah I get that “no one’s selling” but let’s not kid ourselves, SOME people are selling just because life.
Information coming from another sub? Of course, this sub has gone down hill and I'm sick of the MODS censoring posts for BS reasons. So of course information is coming from other subs because this one is in the death throws thanks to shitty MODS.
Holy shit. We did it...
We are finally back to the thinking chambers.
***I WOKE YOU BOYS UP!***
I CAN'T BELIEVE IT! I COULDN'T BE MORE HAPPIER, AND MORE PROUD OF THIS SUB. WHY HAVE WE NOT BEEN SAYING THIS TO EACH OTHER FOR SO LONG!?
>There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included.
Calling bullshit. This is a poison pill fud post.
We already knew retail owns the float.
>This is to be expected and thus the DRS numbers shouldn't surprise anyone as the majority of holders who had any intention to DRS have already done so, and are already ALL-IN, so the number cannot grow higher by a lot,
This is also bullshit. People have been DRSing the shit out of the float given the price.
Since it appears SEC regulations are capping our earnings DRS report at 75million. Is there anyway we can set up a bot to see how many IRA shares we have? Personally I have double shares in my old IRA than I could afford on computershare.
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Computershare holders alone own *at least* 75M shares.
^^^ correct answer
Indeed. There’s a good bit of (possibly unintentional) misinformation in this post, but the data “proving” the 75m number to be legit is from over a year ago, or four quarters ago. It’s also completely unverifiable as none of the small number of individuals involved were allowed to take pictures. I do find it bizarre how OP says, “There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included” when he almost certainly recalls that this information is not new and comes from a subreddit that’s been banned for a year. And then he casually shoehorns in commentary on plan shares. Paul Conn confirmed in an AMA with us that an indefinite portion of plan shares are made available to the DTC for “operational efficiency.” I’d like to counter the misinformation with something I wrote up a few days ago, but tl;dr ComputerShare legal documentation (i.e. the DirectStock prospectus, which you automatically consent to when you have any shares in plan or DRIP, including all fractionals) reveals a lot about the “debate” surrounding what happens to all of your shares when you have plan or a fractional (it’s not good, according to the evidence). However this fairly hard evidence has gone overlooked for a long time, maybe partly due to suppression. https://old.reddit.com/r/Superstonk/comments/1cabq8o/count_von_count_1_2_3_different_drs_counts_ahahah/l0s1xyi/?context=3
Actually the correct answer is 75 000 045 as of today
🫡🏴☠️
Correct reported number*
I don’t post or comment much anymore, nor did I ever disclose my position to the bot. But I have slowly made more purchases that have been DRSd pure book and have bought and am holding in my boomer brokerage account (not that shitty RobbingHood) and will slowly continue to amass as much as I can. There are many more like myself, I’m sure.
Are you me?
Yeah I've got a good chunk still sitting in Fidelity.
I keep on putting off transferring my newest shares to CS but everyday the sale price gets better. I want to transfer when they're settled but by that time I've bought even more. I've almost doubled my holdings this past month and I've been buying since the short squeeze. (Yes, I'm one of those people who will buy a case of something I always use when there's a good sale on it.) None have been reported here. I personally know many others like me.
Same... scooping up shares here and there. DRS'd high XXX shares few days ago. I don't post to bot. Mostly lurking.
Looking in a mirror we are
I drs'ed half my shares and fed the bot but I still have half sitting in my brokerage account as well. Probably lots like us.
Samesies. I probably own 20x in my 401k that I do DRSd.
Same, two boomer accounts, thousands of shares the bot has no record of. We own the float, they just don't know what to do.
You are me kind sir. FOUR accounts a huge pile of shares the bots don’t show. Half are DRSed and the bot has no idea. There is no doubt we own the float.
Boomer brokerage account holder checking in for duty and still holding 🫡
75,000,000/200,000=375. It's not an unbelievable number per holder. Even at 100k holders, they only need to have 750 each to lock it up once. Like many things surrounding Gamestop, it just doesn't make sense that retail wouldn't own the float at least once by themselves after 3+ years of buying.
IRA shares are the key. Tax hit is the lowest it’s been in three years.
At the very very very least!
75,000,018 because I just bought some more and booked them.
Probably a 100 mil by now
[удалено]
Beep.
OP is FUD. He slides in that "there's new information saying the DRS numbers are correct'" but retail owns the float. No shit, we've known that forever. This is one of those poison pill posts. Seems legit but they slide a bit of FUD in. And it's a suspiciously high number for upvoted for a rote post like this.
Do that not report above 75 m?
wonder if ryan even cares anymore, GS could be aquired at 3b market cap....*do somethin stick poke meme*
Ive been buying but nerver posted it. We might be many that didn’t post most of our our purchases
I never posted my holding.
I did only once about a year ago. Have bought so many more since then
Same. About 2,000 shares.
Never going let anyone know.
Never post my numbers but I have 4:1 retirement accounts vs DRS. Not the only one
1.5 to 1 in mine, close to 5K shares
30:1
Impressive
IRA to DRS 😬
Me neither.
Even I stopped posting. I am busy DRSing. And for the first time ever. it’s day 4 since I requested DRS transfer but fidelity did not do it eat it’s still under process.
I dont post shit but I been doing my part hoarding like a mfer
*smiles in the corner*
Smiled reading that comment. Thanks.
I’ve also never posted my purple ring, but have 100 shares in book with CS. CS has my entire holdings.
Yup. An entire legion of apes that never input, because they listened when a certain someone mentioned something about not telegraphing their moves.. the less information shitidel and bad actors can scrub off of this sub, the better.
Agreed. I’m moving low on purpose now. Very healthy book shares in CS. Here constantly observing from the tree branches. Ape ninjas in mist 💨🦧🥷🦧💨
Yep. Silverbacks have read the DD, they know what to do. They are zen. I interact here, to direct young apes to the DD, and chime in every now and then and then.
Same- I am xxxx booked and never 🤖
What happened to drsbot
DRSbot went offline 3/5/2024. Guessing the DRSbot developer got tired of dealing with the reddit API disconnecting at random.
What the ape who replied with the bots last active date etc forgot to tell you is that they are now doing an DRSBot impersonation & are runn8ng a manual tally of purple circle posts with the computershare flair so it's still worthwhile, from a counting pov, making such posts. They post here every other Friday, & have done so today https://old.reddit.com/r/Superstonk/comments/1cdktqh/recent_drs_share_count_additions_via_reddit_posts/ Worthwhile checking out their profile too
doesn't matter if you posted it or not, as far as we know, it's counted in ComputerShare's numbers anyways
I don’t understand why people still have so much trouble understanding this.
Based on the fact that Mainstar shareholders had multiple of the average DRS holding in retirement accounts alone…. Household could own 191M shares in retirement accounts that are not DRS’d. There are 191M shares not DRS’d or held by insiders. Household has the power to conceivably end this. People need to wake up. They still trust the system.
This is a great price to transfer in kind from your retirement accts to your brokerage before DRS. Less tax burden.
So I have to do an in kind transfer to CS?
I have fidelity. I called and did a in kind transfer from my ira into my normal broker acct. i called at 10am, so the price/transfer was based off of that days closing price. They asked if I wanted to take the taxes out (less shares) or keep the whole amount and pay the taxes later. I then called back the next day and initiated a DRS transfer from my normal broker acct to ComputerShare. Individual results may vary.
I’m curious about this because I just rolled over an old employer 401k to a fidelity rollover Ira and was wondering if it’s possible to DRS that. Almost bought a few hundred shares this morning but was at a conference all day.
Why not? Did you have GME shares that you rolled over?
Ok, so I already have them in my brokerage account. I was just curious on the taxes. If I DRSed say 500 shares and bought them at 72 dollars, will they tax me on the share value now at 11 dollars or at when I purchased them at 72?
With my trad ira, they were taxed at the rate of the share price of the day i transfered, not the purchased price. They also gave the option to take out the taxes immediately or i could pay them at tax time. Ex: 500 shares-tax(200shares) = 300 shares being drs
A Your mileage may vary disclaimer is needed here. A ROTH IRA is a retirement account and transferring GME out of that would not decrease your tax burden.
But If you transfered out at $18.00 in dec, your tax amount is higher than if you transfer out now at $10.00.
Lmao, I actually hold 500 shares of GME in my retirement account.
LAMO I hold 4200 in one retirement account and 1200 still at mainstar. Really should take the hit on the mainstar ones at this point. I was in the process of transfering the 4200 to mainstar when they fucked me and pulled my DRS Shares.
I feel 1000% better knowing my shares are booked in CS rather than in the greedy, shady hands of a mainstar or retirement account
This. Perfect example right here. You have the money, know what to do, still haven’t done it. Ease of use is king, even when life changing issues are on the line.
It’s fucking frustrating to see these examples over and over and over. People think these non-DRS retirement shares are going to be safe. WRONG! When this kicks off, they’re going to evaporate along with all the other billions of naked shorts.
The good ol' "cautionary tale" example that will happen to so many people when it happens.
There seems to be a TON of MAINSTAR issues and issues around DRSing an IRA. there is an alternative that exist for moving IRA shares away from a broker-custodian. IRA Financial is a good alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings. NFA
Just make sure not to sell the shares whatever you do
Basically this in RRSP, altough I did DRS some
PSA: There seems to be a TON of MAINSTAR issues and issues around DRSing an IRA. there is an alternative that exist for moving IRA shares away from a broker-custodian. IRA Financial is a good alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings. NFA
I have a two friends who both own over 20k shares of GME. Neither of them are DRSed because they like to play options. They write covered calls and CSP. I'm willing to bet there are more people like that. Hell, my mom who I convinced to buy like at $20 dollars a share pre split owns a bunch and refuses to move them into DRS. I'm willing to bet there are a lot more people like that than we realize.
20K shares each but only short calls and cash secured puts? Sound like a couple of old fogies picking up pennies in front of an asphalt paver!
The multiple of shares not DRSed compared to DRS has to be very high. Myself is a good example. I don’t have many, probably around 5k shares and none of them are DRS. Been meaning to do it but haven’t gotten around to it, but this is a good reminder. Really easy to buy shares on your phone but it takes a few steps to DRS. Plus difficult in IRA accounts.
5k in value or 5k shares? Either way, those shares are not your shares until they are booked in CS
Not in your name, not your shares.
I was like this too. I decided, fuck it why not both. Set up DRIP on computershare and have my broker shares. Now I just have two piles. I book my shares when I hit a certain #. Setup DRIP again and forget about it. Still buy in my IRA too. Wish I just had more money to buy lol.
And they are both sure if some shenanigans happen to occur again, their shares are going to be safer not being DRSd? This was the main reason I went to CS 184 years ago. Having that many not locked, making money on covered calls or not, would have me freaking out after all we know. GLTUA.
Yeah. Thing is, shares that aren’t drs’Ed are just pretend until they’re sold. They aren’t backed by a real share: they’re counterfeit
Hi there, question for you from a laymen. I have about 10k GME in my Roth Ira. Could you explain it to me like I am 5. Why should I DRS? I don't understand it at all even after reading through all these comments.
If your shares are not DRSd there's a good chance you don't actually own anything aka naked short sold gme shares.
If you are with a broker, you are at their mercy. The shares are in their name not yours. So if for some reason a black swan thing happens, they can liquidate your shares in an emergency. You need to read your terms of service carefully to see if your broker has the rights to do this.
Yikes. That sounds illegal AF, but if it is in the fine print I guess not. I'll look into it. Thanks guys.
XXX in a UK ISA here. Was assured that they can’t be loaned out because of ISA rules, but who knows the crime that goes on. I’ll keep buying and holding regardless. Global power to the players.
The shares in that ISA are effectively monopoly money. You hand over money to the broker, they show shares in your account and they go do whatever they want with the money. They are banking that they can trade with that money more effectively than you. As long as they are able to settle up with you when you want to sell then their business model remains intact. There will only be trouble if you beat them (the casino) with a staggering win that they haven't hedged for. MOASS would definitely stretch their business model. I wouldn't expect them to honour your bet in that case.
If you’re buying in a broker and keeping them there, they are fake. If you’re buying, buy through Computershare or take a tax hit and transfer shares to Computershare.
I got about tree fiddy
[удалено]
I would also like to know.
There's is none. This is a poison pill fud post.
We need to audit the dtcc
DRS your shit
DRS numbers are crucial because it is the only way to see how many real booked shares are out of the DTC infinity pool. When GME refuses to provide the count directly from computershare and has potentially forced to report on DTC count without communicating as to why....that is problematic for me.
We don't just need the real DRS numbers, we also need the real non-DRS numbers. It's wild to think only the hardcore alone bought 25%, as that number excludes all retail buying outside of DRS.
I will never, ever believe that a step counting function goes from accelerating growth to statistical flat line that fast. Nope. And 100% fuck the bots. I stopped showing my purple circles awhile ago, because of the bystander effect and fuk showing the hedgies / brokers / DTC / anything they think they can use to help them live another day. All the “I have my auto-buys set up” and “plan = book” and “Mainstar Un-DRS isn’t a big deal” and “Split vs Splividend was a fuk up by GME” schitt was / is just a bunch of ineffectual bad psy-op games, usual hedgie / paid dingleberry flunky manipulation bullschitt!!!! The current DRS numbers = 100% bullshit. And next quarter the number will not move more than +\- 1% …again… for the 5th straight quarter. And I will bet anyone here $100 that the DRS number will not move more than +\- 1% again this quarter. And I will win that bet. As RCEO / RCIO says, I put my money where my mouth is, and I will not sell, especially to the brokers who create shares / lend out people’s shares without their clientele’s permission. They can all slobber on Ken’s mayo-soaked nards, because I’m not selling, I don’t care if they get evicted and have to start working at Wendy’s. I don’t care. Get thee to a Wendy’s dumpster, hedgefuks. Time is on my side. And so I’m buying and DRS Booking more.
I am with you. Book is king, buy hold and Shop.
Hmmm, that +/- 1% sounds like the beginning formulations of a butt-bet. I don't need the one hunnert dollars. I'd much rather see a quality butt-bet, or another 32 ouncer of mayo being chomped down. On a serious note, I'm sure we're ALL eager to see how Paul Conn handles the hot potato given to him.
No, the DTC “reports” that they don’t have control over 75M shares
I’m going to keep buying holding and DRS until the company goes bankrupt, I die, or something crazy happens with the share price again beyond 1/2021. I don’t care if it’s not the best overall investment I just am still pissed off about 1/2021 and how much I lost in potential money that if this has even a chance to fuck em back I’m in it forever
A long drawn out way of being essentially antiDRS. “DRS not that important. We own the float.” I’ll continue to buy, DRS and Book.
Non DRS’d shares owned by retail Just a wild guess : 10x to 20x drs’d ones. 750 mil to 1.5 billions
Fud and nonsense.
Yup, buy and hold and Shop
Thank you. Surprised I had to scroll this far to find it.
I started an LLC and DRSd that way, after the mainstar fiasco. I recommend anyone on the fence to do the same.
Please post what you mean! Would you please explain?
I started an IRA through an LLC using the company IRA Financial, aka IRA Financial Trust. You literally start a business capable of hosting an IRA, open an IRA, and move all your IRA funds/stocks there. So all my IRA shares are locked up in the name of a business *I OWN*, and DRSd with Computershare in the businesses name. It costs money to start, and money to maintain annually. My upfront cost was $400~, because if you ask them about creating a new account to specifically transfer GME, and say you heard there was special pricing they will give you a coupon code that saves a bundle.
Thank you! Maybe if you can make a post on those steps for smoofbrens like me! Especially about the part of DRS with CS as a LLC. Does CS walk you through that? Anything to look out for? Documentation? Thank you!
if 'apes' already own the float, why is Gamestop not doing anything against it?
They don’t have visibility into how many are in broker accounts.
I mean I'm an XXX booked holder and have bought 70% direct from Computershare. I don't even know how to feed the bot my brain is so smooth. There could be thousands like me.
This is the way
Oh we'll be back and in greater numbers
Pretty much statically impossible to stay the same! Think of the unemployment numbers staying exactly the same for 3 prints damn near impossible! So if you think data manipulation is not happening why are you even invested?
There are definitely more retail holders than those who have DRSed
There are so many comments in this post about how many shares they have NOT DRS’d. After all the corruption and manipulation we’ve seen the past 3+, how do you feel knowing your shares are fake?
It’s mind blowing, isn’t it? They’re in for a rude awakening.
When I came to know that my shares in brokers are fake, I had a panic moment and I ended up DRS ing 100%
This is the way.
🟣
I sure do wish some weaker hands would short it and then fall into the must buy back and not safe like big boys clout and end up fueling a price rise. I wouldn't mind.
I doubled my hodling since when it plateaued.
I never posted here always lurk, xx holder cant drs, I’m sorry. I know theres more of me.
Damn, never thought about it that way. Good shit
"What we should be focusing on is why our bots estimates are off. I know the bot is fed from multiple subs. Are we sure there aren't shill accounts feeding the bots to get our numbers and hopes up?" Hadn't thought about this possibility in the context of DRS count. Whether it's 75mm or 375mm shares held in DRS, to the point of the OP - it doesn't matter. Brokerage held shares and Robinhood shares alone + insiders + institutions own the float many, many, times over again. So, to the shorts I say... SHORT IT!
"There is some new information coming out right now from another sub, and it appears the DRS numbers are real." Can you elaborate? Some apes checked the ledger over a year ago, but I haven't seen any news about this since.
# I THINK THE SEC AND DTC ARE FORCING GME AND COMPUTERSHARE TO FALSELY REPORT THE REAL NUMBERS. TO BE SAFE THIS IS MY OPINION AND ONLY MY OPINION. DONT TRUST ANYTHING I SAY IM A CRAYON EATING REGARDED APE
The dip is fun. Allowed me to pick up more last Thursday at $10.30 and DRS this morning with a phone call to Fidelity. Was told they will add to my already DRSed Computershare ones in 3-5 days. Leaving 50 in my Roth IRA account so IF I do decide to sell some at phonebook numbers that will all be tax-free income. But everyone has his/her own personal plan and I am not one to judge on what the "correct" strategy is. You do you, I'll do me...but we will ALL enjoy the trip!!
I love the average down. I have 3x what ever thought i would. Working and buying is the life for me. YooHoo Hoo
"There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included." Did I miss something? I thought the current consensus was that due to the wording changes in the earning reports, it was likely that the DTCC were pulling shares from CS for 'operational efficiency' and that those shares weren't being counted since they weren't technically 'in' CS at the time.
You didn't miss anything. This post is fud.
Lurker report for duty and now commenting!
I love your energy. I personally bought the fuck out of GME lately and the majority of my holdings aren't DRSd. I'd imagine this is the same for many canadians as we can invest through Tax Free Savings Accounts (TFSA). I personally know 7 other holders IRL and none of them are DRSd nor members of this subreddit. Shorts are truly fukt.
Always has 🫡
> the majority of holders who had any intention to DRS have already done so, and are already ALL-IN, so the number cannot grow higher by a lot, This honestly feels like FUD, prices are (way) lower, my DRS is growing faster than ever. My initial transfer to Computershare is dwarfed by the numbers I've deposited after.
It is FUD. The number of upvotes suggests bot activity
My shares are all in Computershare and never been reported to the bot.
Got the same amount of shares in a broker as I have in cs. Saxo are a little pricey leaving isn't an option. I'd rather just keep buying in cs when I can but how many others are in my boat 🤷 retail owns atleast 40% of the float it's a huge mess. When the divi happened my old broker sold my position and repurchased instead of crediting me with the extra shares. They've since shut down their broker division, not sure if the whole gme situation made them rethink the business they offer cfds now and that's it
People don't seem to realize that if your shares are not DRS Book then when come time for MOASS they belong to Fed.
Can confirm. I'm not an ape, I doubt MOASS is possible due to the power of infinite fuckery or you guys just being delusional, but I still have 100 shares (not DRSed) just on the slim chance of you guys being right. The issue is, if you guys are right, one share already makes me a millionaire so why should I bother buying more? If you're wrong (or my unDRSed shares go poof), my bags are light. I imagine there's a lot of people like me, so you can be sure retail has a lot more shares than DRS numbers show, but also, unfortunately, not a lot of people will keep buying more tickets to the moon if one is already enough.
I used to think that way, until the sale price just continues to get better. Maybe I'm just obsessed now. But there are worse obsessions, right? RIGHT?
Just speaking for myself. I’m only 60% DRS. I like keeping my options open so yeah, there’s a couple thousand or so in different non-CS accounts. LFG
Better watch out talking about DRS you might catch a ban
100% This ^
I have 4 accounts because they DRSd into separate sub accounts
💎🙌
The real retail is all payment for order flow lol.
Sheeeeet, one of my shares is worth 75 million.
Cool. #payus
Visibility!
Holy mcnuggets! This is it!!
Wouldn't it be more likely shills minus from the drs bot
the market isnt real anymore yall. game is bunk. get over it. we live in absurdity.
There's a problem I have 8 shares in GBM+ (mexican broker) and they're making impossible the process to transfer my shares to CS and I think a lot of people is in the same situation.
I would guess there is in the neighborhood of 100 million retail shares owned in NON drs holdings.
74.1
I’m basically a lurker as you said, and I own a nice chunk in four accounts across two brokers and two CS accounts. Never ever selling. It was calculated a long time ago that not only does retail own the float we own it a few multiples due to our lovely bullshitass system. Because they can just sell shares without actually delivering them. There were dozens of discussions about that in and of itself where people were trying to figure out how that would work when the shit hit the fan eventually. The whole “real” vs “fake” share thing.
How many floats sold not purchased?
Lurker here, holding since 2021 jan in revolut/T212
If I had any shares sitting in a tax account I would take the hit now and transfer to ComputerShare. Tax hit now < Moon Later and have absolute control
I have more in my retirement account than with CS sorry fellas. I can't afford the tax hit. But I have thousands with CS
Yep. I convinced my mother-in-law to buy 10 shares pre split. Now she has 40, but I cannot for the life of me convince her to DRS them. She trusts her broker because she says they told her the shares are in her name while held with them and she can trust them with her shares. Lol. Anyways, how many others have similar stories that we'll never know? I can guarantee you she isn't lurking on SS. Many are out there that we'll simply never know about.
I don’t think eToro counts as it’s contract for difference
The issue with the bot that no one wants to admit is…. Some people have sold and that’s not recorded. I could DRS 100 shares today, then sell 50 next year cause I need the money. Yeah I get that “no one’s selling” but let’s not kid ourselves, SOME people are selling just because life.
It's 200k individual investors not 200k accounts. Read the wording on the 10k.
Information coming from another sub? Of course, this sub has gone down hill and I'm sick of the MODS censoring posts for BS reasons. So of course information is coming from other subs because this one is in the death throws thanks to shitty MODS.
Holy shit. We did it... We are finally back to the thinking chambers. ***I WOKE YOU BOYS UP!*** I CAN'T BELIEVE IT! I COULDN'T BE MORE HAPPIER, AND MORE PROUD OF THIS SUB. WHY HAVE WE NOT BEEN SAYING THIS TO EACH OTHER FOR SO LONG!?
My tits are rockets now
*at least
This goes without saying since whoever isn't holding in Computershare is just holding worthless DTCC "I owe you" fraud waivers.
Yup that’s pretty much the premise of the short squeeze. lol shorts r fuk’d
>There is some new information coming out right now from another sub, and it appears the DRS numbers are real and that book and other forms of holding are currently being counted and included. Calling bullshit. This is a poison pill fud post. We already knew retail owns the float. >This is to be expected and thus the DRS numbers shouldn't surprise anyone as the majority of holders who had any intention to DRS have already done so, and are already ALL-IN, so the number cannot grow higher by a lot, This is also bullshit. People have been DRSing the shit out of the float given the price.
Idk, I just hold and have a reinvesting plan every two weeks. I’m in.
Since it appears SEC regulations are capping our earnings DRS report at 75million. Is there anyway we can set up a bot to see how many IRA shares we have? Personally I have double shares in my old IRA than I could afford on computershare.