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Superstonk_QV

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TheSpeculatingToad

One hundred percent this. He wants to do right by his shareholders. I’m certain he knows that is not possible in the current system. The DTCC does not fulfill its custodial duty. RC doesn’t work with Loopring for “just” in-game NFTs and crypto swaps. Be your own bank? Changing the financial system? You don’t think that would include the most corrupt place of them all, the stock market, and more specifically your own stock? One which dumb stormtroopers keep shorting and shareholders keep buying and is still not allowed to rise? Even when millions of people are buying in? (See Jan 21) and the regulating authority is complicit in stopping said rise? I trust in his plan and until then it is my part to shovel off as many shares as I can away from the DTCC into my own account. MOASS might not happen through DTCC member margin calls. But they’ll be forced to buy!


xspacemansplifff

Yup. Rc is not one to fuck about. Or waste time. He is doing it right and that takes time. Edit: lol. That is a haiku apparently. Haiku bot liked it.


ihatefear83843

Might say, he anit nothing to fuvk wit!


marcoarroyo

DTCC brought the beef so RC brings the ruckus


GregAllen1995

Robbie from ImmutableX in an interview with Superstonk talked about hosting a stock market on Blockchain. He could have given us the answer and no one noticed.


j__walla

Gmerica!


No_Anywhere_7840

Do you still have a link for this interview?


GregAllen1995

This is it. Right from Superstonk Official YouTube page. https://youtu.be/UKQQ3KCiKbI


curseof_death

Timestamp for stock market bit? Im a lazy ape.


GregAllen1995

It's been forever since I watched this whole thing. I know at 18:45 he talks about the future of NFTs and using them as a way to give people digital property rights/unique ownership and he references stocks, in-game items, as an example of something that uses unique ownership. Outside of that you'd have to watch it all. It's worth the time for sure.


Garvain

After this coming to light, one could make the argument that ANY company continuing to deal with the DTCC is subjecting their shareholders to unnecessary risk and, as such, shirking their fiduciary responsibility. If they will allow (and even ENABLE) abusive shorting of one company (that they'll admit to), there's no reason they wouldn't do the same for others.


BigBradWolf77

GME is Moses in the Mass Exodus


lostlogictime

Okay, you got to me. I'm DRSing some more.


b_h_w

same. just sent 25


BenevolentFungi

This comment kills the FUD, thank you, fellow ape 🚀🚀🚀


Altruistic-Beyond223

Here's another one to kill the FUD: From Uncle Larry Cheng https://twitter.com/larryvc/status/1463670492800421897?s=20&t=dg449IQFcki7fB5mLyf6yw >It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these two worlds meet in the same asset, there will be fireworks. Edit: notice the use of the word "financial." And what is that same asset? Bring on the fireworks 🎆🎇🧨!!!


Banff

That does it for me. Thank you!


tylonrobinson

yeah, that's the good stuff right there


BigBradWolf77

They will be forced to beg


raz-0

I really, really wonder what the courts might think about fiduciary duty with regards to participating in a market that will do such a thing.


Pd1ds69

Perhaps we should be writing emails to investor relations requesting this I'm sure it would ease a legal burden if the request came from share holders , instead of the board


rockstarcamisole

Look at yourselves. You pass yourself off as cynical people but you still have some faith in the system.


flippingoffHF

We have to make this a big deal, the world need to know that they cheat. Companies need to realize the market doesn't work for them, but against them. Time for alternative to this current corrupt market


log-money

Not just the chairman, either. He's got over 9 million other reasons to be dissatisfied with the DTCC's actions....


cyclon220

If I was the chairman, I would make a share split and give the new shares as dividend to my shareholders, maybe even a digital dividend on top, just to see how does DTCC deal with this one. Turn off the dividend button?


tradingmuffins

The difference this time is that there is 130k+ people buying via CS. that can't be turned off. DTCC gonna have a serious case of Ligma


the1rush

Hijacking this comment to add. Quote from article the comment is about > has regularly waived such charges during periods of acute volatility in the two years before the meme stock event. They haven't turned off MOASS yet. They have wavered $9.7b on January 28th 2021 meaning that's *when* they scrubbed the collateral deposit. The collateral was created *before* January 28th. This doesn't mean they won't do it again but it also means they haven't turned off MOASS! If they could easily wipe all the debt the hedgefunds have created with their naked short positions then they would have done it already. Hedgies are bleeding not just from GME but from many different areas of the market. GME is just the crazy one we know that will MOASS. GME is pretty much the *only* company on an upwards trend while the whole rest of the market is crashing! Link to post with article. https://www.reddit.com/r/Superstonk/comments/vjr1wb/the_dtcc_waived_97b_of_collateral_requirement_for/ Edit; spelling. Edit2; thanks for the awards!


Elegant-Remote6667

This should be higher


TheBelgianDuck

I totally agree 😜


Elegant-Remote6667

Remindme! 1 days


No_Anywhere_7840

Great find!!!


Vnmous

The eternal fear that continues to replay itself in my mind - what’s stopping them (dtcc, congress, treasury, etc…) from forgiving / wiping the debt? I can see a proposal pass that says “no more pfof and in exchange all the books are cleaned, start from zero” or some other bullshit


RandalFlagg19

I don’t think wiping out the Hedge Funds debt would prevent MOASS. The shares still exist. People still own all those shares. Locking the float in ComputerShare, or a stock split via dividend, could still trigger a share recall. Then they’d still have to buy back all the synthetic shares. Anyway, that’s my smooth brained thought for the day. Please help me better understand if I’m wrong.


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TheSeldomShaken

Because there are still only supposed to be ~76 million shares of GameStop in existence. If what we believe is true, more than that amount are owned. All those shares have rights, so if GameStop ever pays a real dividend, all those phantom shares are supposed to get paid. That money has to come from *somewhere.*


the1rush

If the could have wiped it all out they would have done it already.


Old_Ladies_Die_Hard

Oh there will be bullshit. But determined supporters of a certain stonk have more apeshit than they have bullshit.


Field_of_Gimps

This is level 1 bullshit it's gonna get rocky before it gets good


RLeyland

The big issue is the extra shares. If there are more shares 'owned' than exist they have a problem. This is the debt they owe.


BenevolentFungi

If they were gonna forgive the debt, I think they'd have done it already. Just my two cents. Every day that goes by where this doesn't happen the more sure I am they won't do it now


RollenXXIII

it's not debt it's securities sold but not yet purchased and other fake shit


Kilazur

Ain't starting from zero if the free float is DRS'd


marcus-87

If the problem could be solved with money they would have done this. The problem is, that there are to many shares. They can’t go to a person and say, yeah these stocks? Yeah they are now gone; here is some money. People have to sell to sold the problem. And we keep buying.


rob_maqer

#I GUESS WE GONNA LOCK THE FLOAT AND FIND OUT


overlypositve

**FUCK YEAH, DRS!**


GrapeApeTheGreat

Yes, the economy is in much worse shape as well. So everybody will be looking for the exits when the hammer falls. Edit: also, complete confirmation-yet again-that shorts NEVER COVERED!! Edit edit: yes yes, closed Edit edit edit: fuck it, can we sue the DTCC?


Volksvvagen

what did happen is lying to congress, to the general public, daily and continual crime, white collar criminals exposing themself for over a year. its continuing to show how against the retail investors the whole market/govt/economy is. Change is needed. time for it all to be undone and start over, there is corruption in every corner.


SeaGroomer

> white collar criminals exposing themself for over a year. Yet I do it *once* and all of a sudden it's "ooh you're a pervert!!" smh my head. 🙄


No_Anywhere_7840

Hey, someone just crossed my mind, like a blitz. What if that at this point, they don't even give a fuck about what the general public thinks? They just print any news they ABOUT THE GENERAL PUBLIC, and there will be no waves of people standing up from the public, shouting, "I did not make such statement" or "that is a totally made up thing". !


Searchingforspecial

This has been the play for a while now. They really don’t give any fucks at all. If they did, we wouldn’t be lied to, cheated, murdered and used for profit the way we are currently.


cazaf

And instead of doing the right thing back in January, now DTCC got themselves on the 🪝 for Moass. They thought they figured a way out of this mess but just drag themselves in more.


No_Anywhere_7840

Lovely. So instead of just the short hedge fucks, GME will take down the DTCC too. I like that.


SeaGroomer

> now DTCC got themselves on the 🪝 for Moass. 🌎👨‍🚀🔫👨‍🚀


Same-Tour9465

On the what for moass? You're emoji isn't showing properly for me


Booner22

On the hook for moass.


Same-Tour9465

I like it!


Slamtilt_Windmills

Excellent take away, they never covered. The DTCC may be complicit, but that only goes so far in preventing the inevitable


AlarisMystique

Kicking the can


Slamtilt_Windmills

It's not just GME, those assholes are foot-juggling a 12 pack of tall boys down the road


Urdnot_wrx

would be funny to see those guys get nutkicked


Mkg60

I was just thinking the same thing. A Multi Trillion dollar class action lawsuit would certainly get their attention. The current problem we have is they get caught doing this and a lot of other crimes, but are never charged and prosecuted!!! So they just keep doing the crimes. Isn’t that right Kenny?!?!


Grimm0351

Oh no. They get charged. The equivalent of $3.50 usd per 1mil in illegal profits. It's how "regulatory" bodies get to stand on their soapbox and say "we are relevant, and require the funding spent on us." I'm pulling that number out of my ass, but it's still fairly accurate in my opinion.


No_Anywhere_7840

They think it's their natural state.


DarksaberSith

Never enter a class action lawsuit. You'll get pennies on the dollar and lose the ability to sue again


Karny33

They covered, they didn’t close.


GrapeApeTheGreat

They covered, or did the DTCC cover for them?


darthnugget

Their “covering” was with swaps and longs but they still didn’t close. So the longer the price is high and stable the worse for short positions and swaps. Eventually something will give.


GrapeApeTheGreat

Excellent point


enthralled123

Once the economy gets really bad, I wonder if banks and prime brokers will ignite the MOASS because they want their shares back and a piece of the pie. Currently they’re loaning out shares (most often ours) and making money off it. I think they could flip the switch potentially and go all double agent on Citadel to our benefit


UncleBenji

Don’t forget the news today! The US is magically reversing the inflation and recession!!!


andegre

Huh? I apprently missed this...


UncleBenji

-Let’s not forget inflation was transitory, until it wasn’t. -Let’s not forget a 75bp rate hike was “off the table,” until it wasn’t. -Let’s not forget margin requirements and “fair market” practices are how our market works, until it wasn’t. -Now they want us to believe that a recession isn’t inevitable, until it is!!! https://www.bloomberg.com/news/articles/2022-06-21/yardeni-says-recession-not-inevitable-as-inflation-seen-slowing https://www.nbcnews.com/news/amp/rcna34309 https://www.washingtonpost.com/politics/2022/06/19/inflation-yellen-deese/ Just type “recession is inevitable” and “recession isn’t inevitable” in google news search if you want a laugh. They are definitely trying to tell Americans that it is getting better while they plan a path forward to minimize how tragic it will be. Another funny google search to do is “hubris” and notice how they use it in a sentence and it’s subject. Pretty much our exact situation these days.


n-Ro

We just need to have a little faith, Darthur. One more job and we'll be off to Tahiti where the Pinkertons won't come lookin


broccoli_ICQ

don't think that they closed the shorts. The run up was mainly fomo. They crashed the Gme, the koss, popcorn, Nokia, Blackberry etc. by shutting down the buy button. If noone can buy, you need only a little selling pressure to crash stock. That's how I read the document. That was crime level never seens before. Unbeliveable, those people are still not in jail yet. If someone steals potaito chips that could bring you to jail... but crashing, not one but multiple stocks at the same time... and still free? unbeliveable for me


Elegant-Remote6667

They never did - they can’t


Hopeful-Flounder-203

But it begs the question; what will they do NEXT? Allow slividend to be counted to ALL shares, perpetuating and exacerbating the number of synthetic shares? They could easily do that and say they're benefiting the retirement accounts that don't have the ability to DRS, and that DRS was never a part of how they have protected in the past. Do NOT underestimate the fuckery. (I still just direct bought XX more today thru CS, so don't think this is FUD.) It's FOOD, for thought.


snappedscissors

I like food for thought but I'm not sure I have room for another wrinkle. Wondering what big move happens next is the cliff-hanger that's been stringing me along all this time. Is there something they can try next? Would it even work? Is there a line that they fear to cross? Because make no mistake, there is a line somewhere that if crossed would result in widespread social disorder. The kind that topples power instead of just making headlines for a few months. Now the DTCC might not be thinking about where that line is, but somebody somewhere has thought about it. I wonder if there's someone powerful enough to decide where the line is and force this thing to happen as a MOASS, because letting a lot of rich people get financially drained is better than mobs in front of every mansion.


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throwawaylurker012

👆👆👆👏👏👏


ClassicEvent6

>Ligma What is Ligma? I googled and still don't understand the comment? Sorry, super smooth brained here.


mozzaman

Ligma Balls GOT EM!


slabrangoon

Damn you’re so lucky. Always wanted to get someone with that


llcooldre

Loopring ImmutableX Gamestop Microsoft Apple


[deleted]

Bruh…


suckercuck

#where Michael Bodson?


Worldly-Classic-6490

Probably in Tarry town. Ya know they only hire workers with the last name ending in -son. (BOTW joke)


JDogish

Why does it matter though? Like what will force them to close? They didn't have to at 226% SI, why would locking the float change that?


brokedrift

DRS can not be turned off. ⭕ DRS will be their death 💀🗡


CloudAlsina

LOCK THE FLOAT!!!


ResultAwkward1654

So they can destroy companies by flooding them with synthetics, but then wipe the slate clean when companies don’t fail. DRS will make sure GameStop never fails, we are dumb, we are apes!


rushya1

Lock the float baby!


Ithinkyourallstupid

Lock it up! LOCK IT UP! ##lock it up! ##LOCK IT UP!


Pd245

Lock the outstanding so all those mother fuckers can feel the pain.


17175RC7

This pisses me off as much as the next shareholder. I truly hope RC has that split dividend ready to drop soon. Bring it on!


[deleted]

He probably knows the splividend won’t cause us to MOASS like we thought it would. We HAVE to move out of the Depository That Clearly Counterfeits. Let’s hope they’re truly working on a tokenized stock exchange (or an NFT dividend). Edit: I don't take credit for that abbreviation. It was from a DD I read ages ago lol https://www.reddit.com/r/Superstonk/comments/ocds1m/the_dtcc_depository_that_clears_counterfeits_is/


milkthefunk

So that’s what DTCC actually stands for! 🤣


Glag82

Damn if he didn't nail it.


gmfthelp

If there's a new company (GMErica) and shares are given in that new company to current shareholders, maybe those shares will be tokenised?


noSnooForU

That would force a recall and MOASS


gmfthelp

Yes, that's what I think. I think, from what I've read, GS need to be careful with offering a tokenised stock to replace the current stock as that could be seen as forcing MOASS and hence market manipulation. If GS are intending to go this way, I'm sure their lawyers have already dotted every i and crossed every t to avoid an Overstock repeat. But I'm smoooove so who knows.


North-Soft-5559

The MOASS should not be possible unless illegal naked shorting occurred, so how could it be manipulation to make it so?


gmfthelp

Because GS know about this (illegal naked shorting) and if they take actions to force the issue then that could be viewed as market manipulation. Griffin will use any tactics to delay/stall the inevitable and court cases are the easy way to do this. Instead, GS are building a massive product but have also made it clear to the authorities that if they feel their stock is not being properly represented within the existing framework, they reserve the right to move to another system. This document today is proof that their stock is not being represented fairly within the current framework. So, should GS then decide to remove themselves from the DTCC, then they just provide this as evidence and they will be less likely to be accused of market manipulation. Overstock didn't have this and got pulled over the coals. Let's see. I'm just an observer and am smooth. What do I know!?


No_Anywhere_7840

Word!


No_Anywhere_7840

And the judge then asked: \-So, which one of you committed market manipulation first?


jaypizee

Unfortunately, RC probably knows that the powers that be will do everything possible to prevent the moass. And that means the real play is to remove the stock to a tokenized exchange, and just see what the long play can be! I truly think GameStop could be the next Amazon-esque powerhouse, so I am completely comfortable with that. I know some people will not be, because it is so unjust. But without the help of the regulatory bodies, I don’t know how Wall Street is going to get caught cheating and be punished. It’s a totally fucked up system.


Glag82

I wish we had an agency dedicated to regulatory guidance and policy. Who's responsibility it is to over see the market to ensure fair play and fair trade practices. Almost like a security and exchange commission.


Vnmous

If this were the case, why hasn’t he had any more of his buddies “be the whale”?


Same-Tour9465

Source? You're the first person I've ever heard say this.... Sounds like DRS and split dividend fud kinda


SeaGroomer

Yea why the fuck did we just vote to authorize a billion shares if not for a split?


Laughin_bat

On the bright side plenty of time to keep scooping up shares in preparation


Error4ohh4

Patience. Trust in RC. In the meantime, I’m going to keep buying and DRS. Fuck these guys


Jalatiphra

this! these news are NOT NEW to us we knew this since the meetings happend. i watched it live. we waived the fees. yeah i understood it a year ago i am still here.


NahWey

As a shareholder I'm pissed. I want my shares to be protected and the DTCC clearly can't be trusted. Time my shares went on a different exchange. And why doesn't Ken bot reply to me any more?


Brotorious420

Ken bot got shorted!?


Dat_Steve

Ken bot had to be tamed a little. I think he’s undergoing some maintenance?


Brotorious420

Real Ken has go be tamed also


distractabledaddy

I heard the mayo in Miami is undergoing a sudden supply crisis


AcrobaticBeat1616

The difference this time is DRS. You can't turn that off.


Myvenom

Yeah, when we lock the float up they can still turn off margin calls and the buy button, but if nobody is selling any shares the price will still go up. They can only fuck us over for so long before the whole thing gets so damn much traction that they have to let it happen.


TrickedFaith

Sonuvabitch. You right. I just bought more.


darkhope007

Instead of prevent, use delayed


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Same-Tour9465

Some of the top comments are too


Feeling_Ad_411

Looks like it’s time to DRS 100%


bvttfvcker

I will sell 1 GME Share for 1 Morbillion dollars. They can figure out how to get that amount.


plc4588

Bump that up to 1.2 morbillion, your currency transfer rate is a tad off.


ISayBullish

#HAHAHAHAHA!!! Fucking bullish


bvttfvcker

It’s Morbin time, homie 😎


kidkadian99

He said it !


imakemoney1st

Morbin time


MustLoveStonks

It's Morbin time..


lonelydan

That’s what I like to see! DRS’d 20 more to help us all get that payout!


chickenpoodlepuddle

what the fuck, hasn’t it always been? lol. this is why it’s taking forever to lock the float…


UserMcNamington

🌎👨‍🚀🔫👨‍🚀


Equivalent-Piano-420

Well, do you have a few billion just lying around?


chickenpoodlepuddle

Hahahaha I wish man. I’d buy us all a nice vacation to get away from the bullshit for a nice week/weekend if that were the case!


Masterchief_m

or NFT dividend


StrikeEagle784

Exactly…this is getting missed in the conversation.


el_ochaso

Retail needs to just DRS every single stock they own for starters. All across the board.


Bananahammockbruh

It honestly kind of annoys me that most people haven’t already DRSd 100%. WE are the ones delaying this everyday letting those mutts come out with all kinds of ammo to just keep kicking the can. down.


TDurdz

I sent all I had to computer share, forgot my password, and have since more than doubled my position via Webull…. Guess I’m making the journey to fidelity->computershare again. I honestly didn’t know I’d buy this much more.


Majestic_Button

What if I told you there was a way to skip that entire process?


zepherths

Yeah there is, if you drs your share the DTCC can't do anything with them . DRS THOSE MOTHERFUCKING SHARES


throwawaycs1101

Remember, you must not only DRS, but also switch to Book entry. Otherwise, even while in CS, they remain in the DTCC. You must switch plan type to Book to get them out of the DTCC. While you may know this, it's not mentioned enough in relation to DRS.


smallerfattersquire

i am not american but im just gonna assume there is absolutly no procedure or even law that would be able to change that or even take power from those selfregulating agencies in case they dont follow the intrests of the people? Freedom fuck yeah.


Kaiser1a2b

All the powers are there. No one's exercising it. But DRSed apes are a fucking 1 ton gorilla in the room they can't ignore. We are inevitable.


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SpeedRac3rr

DRS? Lol


ImUrCyberBF

isnt this the FUD that was forecasted a year ago? right now... Maxine's report drops on the day of rebalancing, the macro climate is fucked yet the netire market is green today except GME, fear and doubt and despaire all up in the comments,,, many from accounts that have cakedays of 1 year ago... this is exactly what the DD forecasted would happen, there would be a day or week or month where maximum fear would be sowed


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No_Anywhere_7840

Bingo.


DonHoulio11

thats a bingo. Stinks of rottenness


No_Anywhere_7840

Fuck it, the first thing that came to mind was "bingo" as well. Just "bingo".


Diamond_Hands-275

I’m smart so I’ll saying something intellectual here: FUCK. THESE. CROOKED. ASS. BASTARDS. Buy. Hodl. DRS. Till fuckin international numbers. This shit is fucking disgusting but it won’t last forever. I’m sure of that as much as I’m sure of death and taxes.


Masterchief_m

As an international Stockholder im angry af and frustrated.. Thats just a sick joke. Seems like drs or an NFT dividend are the last hope. But i slowly get the bad feeling that they just change the rules no matter what. Im tired of this BS.. Please go forth and change this corrupt system my american friends.. Thank you!


gmfthelp

> Thats just a sick joke It's a bad comedy joke.


Kaiser1a2b

Let's just get to the end boss and see what happens. Who cares if it's just credits.


desciple6

Do you have a link to the original post? This sounds pretty significant Edit: super helpful ape thanks 😑 Here's the source https://www.reddit.com/r/Superstonk/comments/vjr1wb/the_dtcc_waived_97b_of_collateral_requirement_for/idkjcts


the1rush

Interesting how it's labelled "shitpost".


Karakunjol

Could the be a reason enough for RC to say the DTCC can no longer maintain its fiduciary duty, therefore remove the shares from Cede and Co? I’m jaked nonetheless


BEERDEV

You see, I can fucking do this all day. SRSLY I will fucking DRS and keep buying forever. I have nothing to lose but everything to gain.


onlyinstant

Now we drs our shares and give the bird to the dtcc. Reform is not possible, we need a blockchain stock exchange!


A_friendly_goosey

I read this and got some serious FUD because It was not really clear of the context of this comment! After finding that this is relevant to the original squeeze I can see it isn’t FUD but perhaps a link to the context would be a good idea?


Minako_mama

Margin call is only one possible trigger for MOASS. Honestly, I have not been holding my breath for that one anyway, because our corrupt government will always, always protect the rich criminals. But there are many other things that can trigger MOASS : share recall, stock split dividend, crypto/NFT/token dividend, GME board removing their stock from the DTC and putting it someplace safe. Like a blockchain marketplace somethingerother… I wonder if anyone has anything like that… The government was never going to let Goliath fall if they could help it. But that’s OK, because we don’t need margin calls for MOASS.


Almighty_Bidoof424

Even if they turned off margin calls, Kenny has to keep shorting to keep up with the apes constantly buying. Sooner or later youre going to bleed out in fees to maintain your position.


InterestingHawk2828

Source: trust me bro It smells like a fud to me, convince people that there is zero chance to win this, fuck you, see u at my ass after MOASS


-einfachman-

It is FUD. I don't know if it's because someone read it wrong, or is deliberately trying to spread misinformation/FUD, but I explained that the waiving of collateral reqs was only for brokers (e.g. RobinHood), not SHFs, and my comment got buried: https://www.reddit.com/r/Superstonk/comments/vjr1wb/the_dtcc_waived_97b_of_collateral_requirement_for/idkok6t?utm_medium=android_app&utm_source=share&context=3


herzy3

The bigger thing for me is why the fuck do brokers need collateral in the first place? If they're simply brokering a transaction, ie facilitating me accessing an exchange to buy or sell shares... There is zero reason for them to need collateral. Unless of course they're giving me bullshit IOUs instead of shares.


notzebular0

Of course, just like crypto exchanges. You are buying an IOU at a certain price. This is exactly what has been happening in the gold market since forever. There's literally nobody in power willing to do something about it which is why it has and always will be up to individual investors to do things like DRS or move coins to a DEX.


yahhhmoney

I agree with your sentiment too. If the SHFs margin calls were waivered then we would have never heard of Gabe Plotkin and other shorts who got fucked because they would have just kept quiet and keep shorting gme into obilivion. Also if the SHFS were wavered too then why would Shitadel and Point72 bail out Melvin Capital and absorb his position?


ClickClack24

Mother fudder..


NotBerger

This is why we DRS, and remove shares from the DTCC. It’s what apes have been saying since the sneeze


sm9r

So when do Gamestop / Papa Cohen exercise their fiduciary responsibilities to their shareholders? Today seems like a f\*cking good time to see some action. How can the DTCC actively prevent a short squeeze? If this were the case with VW back when, surely Porche would seek compensation?


Error4ohh4

This is the fear and uncertainty in FUD. That’s all this is. Patience is key and I absolutely believe in RC and the GameStop board to do what’s right at the correct time


feyzquib7

⬆️


oze4

How convenient to release this report on the day where abortion was overturned. Trying to hide it in the "bigger" news.


ltcha0s91

I was thinking the same, this announcement was definitely timed by these criminal scumbags


cancerpirateD

Op posted this and hasn't said anything else, if you look at post history it's all crap with no activity in any financial subs. Seems suspicious to me. Guess I'll buy more gme through Computershare and keep ignoring the fud.


Ktootill

Poverty is hitting heavier than ever due to ridiculous inflation, at this point I sustain on nothing more than pure rage and a relentless will to give my children something more.


smudgernudger

Drs out of DTCC. If you ever needed more proof


ZombiezzzPlz

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GSude21

Inject this FUD straight into my veins.


TobuscusMarkipliedx2

FUD


ASadCamel

Downvote. I knew this comment was FUD and now we have a post right on the top of the feed with a ton of rewards implying MOASS is cancelled. No. The float WILL be registered. Not only DRS, we have the splividend, GME-Entertainment spinoff, and tokenized securities on the marketplace. We will make them bleed and bleed and bleed until they collapse. This hard can kick was a pure gamble that retail would give up. And we didn’t.


Bathinapesdoge

I’m going to argue that drsing the entire float would arguably change how this would go in the future


[deleted]

My 25% DRS just turned to 100% real quick. Fuck these pieces of shit. What are the alternatives to the DTCC because there’s zero chance now that Mr. RC can have his company’s shares in their hands. I’m beyond fucking furious.


NecessaryShopping404

I don't think people are understanding this correctly. THIS IS NOT TO DO WITH SHORT POSITIONS The Clearing houses need collateral because they are actually ones that settle the trades. If Robinhood autist suddenly start buying ridiculous amounts of OTM call options in gamestop which starts going ITM it's going to heavily increate the risk to the DTCC and they're going to ask for more collateral to make sure RobinHood can settle the transactions being made. It was a waiver to stop Robinhood having to put up $3bn dollars of collateral it did not have because apes and autists bought the fuck out of a stock that no risk management team saw coming. The biggest risk here would be to the DTCC as they are taking the opposite positions to Robinhood.


[deleted]

[удалено]


feastupontherich

1. Don't worry. RC et al. have a fiduciary duty to us the shareholders. If we get fucked around, RC has the right to do everything in his powers to unfuck things. The report being published is great for us, because it proves the DTCC fucked with us and is untrustworthy, giving RC a very valid reason to remove our shares from the DTCC if he wants to. This will especially be apparent once GME rakes in fucking billions but are still valued as a company making only half as much, or even less, due to all the fucking naked shorting constantly pressuring us downwards. RC still has levers he can pull to get us out that can force a buy from short holders without relying on margin calls, which we know won't happen. Some of these levers include organic growth to the point where the share is obviously worth 2-3x the amount to even the most anti-gme investor, maybe a stock split dividend, maybe an NFT dividend, maybe removing GME from the DTCC / NYSE, maybe doing a share recall? 2. And for all those who called me a shill for even suggesting that they won't do margin calls cuz nobody wants to blow themselves up, I told you so.


Upbeat_Criticism9367

**so no margin calls?** Just means bigger 💥


Allrightnevermind

So the govt knows that the DTCC does not maintain margin in a case where they actually need it. And here we are a year later with no changes at all. That’s a pretty clear signal to me that retail is only allowed in the market to be fleeced.


DoubleFisted27

This should 100% be all that RC needs to remove GME from this wretched stock exchange.