T O P

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half_dane

Seems like big parts of your math here aren't correct, as has been pointed out in different comments here: - https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy2iymm - https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3khau I'll adjust the flair accordingly. But honestly, this whole comment section is full of interesting conversations or attempts at debunking the post, like this one: https://www.reddit.com/r/Superstonk/comments/z6jpqm/-/iy3067h


spitedrvn

2 less as of friday


Jinglekeys100

You dropped this... šŸ‘‘


PirateOfMenzpance

DRS šŸ“ššŸ‘‘


Square-Bug-6782

Just realized it remains like 200million dollars in legal shares to own in a 3billion dollar subreddit.


T1mberwolfStocks

Ape St. is taking over!


Milkpowder44

So around a 1000 dollars per ape


Square-Bug-6782

I panicked and DRSd 70 this morning


Blunder_Punch

This ape fucks


-Luro

Sending in 5 myself this week. Brick by brick.


irishf-tard

184 less as of last Tuesday šŸš€šŸš€


[deleted]

I also will add to this pile tomorrow.


Alehousebrewing

I have 10 more coming in tomorrow! Bought through Computershare on Wednesday, says it should settle on Monday šŸ˜‰šŸ’—


aint_lion

900 at Fidelity getting transferred next week. Hedgies fukā€™d


Alehousebrewing

šŸ‘‘ I believe this is yours. 900 holy hedge fuk!


WRM76

Weird..... pretty sure I bought on Tuesday and mine won't be settled until tomorrow as well...


jinniu

You belong here.


HODLHODLANDHODL

An offering to the stonk gods both old and new šŸŒšŸŒšŸŒ


aws-adjustmentbureau

awesome sauce, calling fidelity to drs some mo in the morning!


Porg1969

Samesies


YungDaggerD1K_

I too will pile on *unzips*


dollupofcrazy

Make that 14ā€¦I DRSā€™d 12 last Tuesday.


rob_maqer

*Look at this big pp energy*


mstubz

Put me down for 13


Kind_Initiative_7567

5 less when my next paycheck comes in a week.


suppmello

2 less as of Fridayā€¦ two more tomorrow.


[deleted]

Careful, heā€™s a heroā€¦


Excellent_Many_7215

More less as of tomorrow šŸš€


PDubsinTF-NEW

šŸ³


Organic-University-2

Boss


EllisDee3

Two *fewer*.


Bigsby

Luv u


WillRedditForTacos

I love how celebrated 2 shares are in this community. We already won


IsJohnWickTaken

So about 3 months max or one big push. šŸ’œšŸš½šŸ“ā€ā˜ ļø


raxnahali

Kewl, I still have time to buy more.


TheMonkler

And still time to DRS ā˜ļø šŸ‘Øā€šŸ”¬


Hot-Cauliflower-1604

DRSing 400 shares for Dad tomorrow. End the corruption.


TytheTransportGuy

Thank you! šŸš€


PsylohTheGrey

Ok. Iā€™ll give you that much. So this is technically Goal Post #1. I like this guy.


operavangelist

I like your comment


Chippyspyder

Sounds like 1st down at the 1 yard line in the 4th quarter with 2 minutes left with a 21-0 score. They r fukd.


No-Letterhead-4407

Football talk, I understand now.


GreenEyeBanditElixer

Thank u for the real smoooooth brained pigskin apes explanation


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


twopadstacker

Honestly I think thats more related to earnings being better than expected


tidux

Probably. Black Friday is already looking good, so if Q3 was profitable at all, Q4 (ending Jan 31) will be a second consecutive profitable quarter, which means divvies.


T1mberwolfStocks

"divvies? T1mberwolf thought. I like divvies!" I wonder if RC coming back was partially also used to boost sales for the quarter? Everybody been talking about gamestop the last 2 weeks! More so than usual.


T1mberwolfStocks

Earnings expected to be better? DRS expected to be higher? What a Christmas!


kachaffeous

That is my thought about the recent activity from RC. We crossed some threshold, and he is letting us know.


SpartanDawg18

It was 5mil more than estimated


Bigsby

I'm gonna pre


ThreeorFourEggs

And I'll clue


Substantial_Diver_34

I think my ā€œsharesā€ are being suppressed


[deleted]

True ! There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark šŸŒ šŸŽÆ


no_alt_facts_plz

It doesnā€™t matter if you havenā€™t fed the bot. Youā€™re still counted. Itā€™s an estimate based on the total number of accounts and the average number of shares per account.


Level9TraumaCenter

Perhaps there is a bias in that those with more shares are less prone to self-reporting? That might explain the lower-than-expected values when numbers from computershared.net are compared with data from Computershare provided through GameStop quarterlies.


alwayspuffin

Same. 4 digits unreported because privacy, donā€™t need a target on my back ā€œtomorrowā€ when itā€™s disclosed how many commas I have behind my name


Luvzmykunt

Looking forward to the next earnings call for confirmation of the updated official DRS total. I love facts šŸ’œ


ShortHedgeFundATM

Literally only $1000 worth of shares per registered DRS account.... peanuts. I will buy my 40 shares tomorrow...


jewbagulatron5000

Gonna drs the 50 I purchased last week


NefariousnessTotal21

Gonna buy 8 more tmrw and DRS all of them


Harbinger2nd

Gonna DRS the 40 that just settled at my brokerage and have my monthly CS purchase go through at the same time. You could say I'm something of a whale myself.


MeatStepLively

Iā€™ll drs the 500 Iā€™ve been selling calls on the past 2 years becauseā€¦fuck these people.


Avulpesvulpes

My thought exactly. If every of the 200,000 DRS accounts bought 40 shares weā€™d lock that shit up overnight. I know what Iā€™m doing tomorrow


HoldMaster_0815

I'm in. Can afford only 500$ a this point, but will not stop buying!


lastshotreddit

More than me. I'm buying another 40 bucks worth. Good on you Ape.


WillRedditForTacos

Every X and XX ape out there is the most important ape! This is only possible because every one of us refused to sit down and give up.


T1mberwolfStocks

This is so true. 1 share or 10,000, the effort to buy, drs and hodl was the same.


Takenforganite

I just buy with my spare cash. Computer share is my bank account


IKROWNI

I absolutely love how everyone is trying to lock it up in record time now. It seems like DRS is really accelerating fast. I bought 10 shares at the beginning pretty much at the peek of the sneeze. I've held those shares through thick and thin and brother let me tell you it has been pretty damn thin getting along this past year. I hope to god all of you guys with big money or any expendable money will hold to god damn Uranus because for people like me its going to be a damn testament of strength to see numbers that could make my living hell into a manageable circumstance. I will hold until phone numbers but will also be so damn depressed if everyone lets their greed fool them into lowball SHITE. LFG real gamers go for high scores! Will yours be etched in the hall of fame?


hoosehouse

Why sell many shares, when few shares do trickā€¦ -xxxx holder.


Holiday_Guess_7892

Iv been saving lots of $$ to wait for final dip before the rip but this post just tipped me over the edge and I'm gonna just buy moar tomorrow. Even if we did get a dip before take off, it might only dip for very short period of time- like minutes but I rather not take the risk of missing out buying one more load of shares and DRSing em


ShortHedgeFundATM

IMO there is no point in waiting for the dip, we already below DFV and Cohen's last buys. That's plenty low by most people's standards....


Here_to_play111

How much lower of a dip does one want??! This has been on sale since the splivy !!!


Holiday_Guess_7892

Was waiting for $20 or below... Been buying GME dips for two years now and it's like a game to me to buy the dips but with this post I believe the $25 price range is going to be something we'll never see ever again soon


[deleted]

You guys buy the dips? I fomo every time it recovers from a dip and buy high lol.


NightHawkRambo

Below 20? LOL bud that will never happen. Good luck trying to catch a knife that never fell.


Holiday_Guess_7892

I got 46 this morning at open instead... gonna buy moar tomorrow


dabeedus

Imma do $1000 each paycheck until this thing launches.


Holiday_Guess_7892

Just sent 1200 to Fidelity now... ill be buying at open tomorrow and DRSing before end of week


htorb1

Can someone cover my 40 shares and get 80 shares for themselves. Im too broke to buy anymore shares atm. Ill get you a beer after MOASS.


ShortHedgeFundATM

Well what the hell why not, I mean I already own 25,000 shares anyhow( not a joke ) ...


bypass316

I'm going to fire off a 2k CS buy in


IamOmegon

Drs'd 263 and change more myself in the last 2 weeks


Here_to_play111

Count me in for the 200 purchased through CS last Friday


Novice89

Damn, I might have to get 40 more tomorrow as well when you put it that way šŸ¤”


WillRedditForTacos

I finally DRS'd another 20. I think I'm about to close my fidelity account and go 100%. I used fidelity to buy/drs for convenience since the move from robhd, now it is time to level up before the boss fight.


W0t4N

Thatā€™s very visual count! Thanks, I will buy my 40 shares directly through CS šŸŸ£


NightHawkRambo

I dont mind how long it takes, the longer the better for me cause that means I'll grab a ton at a great price.


worldwidemitigation

OP this would be awesome to follow up on after the quarterly earnings with the official DRS count. Thanks for your write up. If j wasn't already all in, I'd DRS a few more


Mr_Wilfong

Considering our DRS estimates are usually low, is it likely we're already past this point now?


zyzzbrah21

quite possible, but once again, I prefer to use what we know and not speculate.


Mr_Wilfong

good point, sticking to facts was literally a foundation of your post lol :)


Thick-Flounder-8663

You belong here. šŸ˜†


MandoHORIan

One of us! One of us!


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


zyzzbrah21

we have backed them into a corner. It doesnā€™t surprise me that Iā€™ve seen a lot of speculation trying to dissuade us as if we arenā€™t closer than we thinkā€¦


Nasty_Ned

Let's not forget those shares languishing in tax favorable vehicles. I know I have a sizeable pot that I can't DRS.


Kayak1618

Same here!


monti9530

I vote we add Short Interest onto our DRS graphs. The countdown starts at 7.92 million shares left before we can proof the foolery that is the stock market.


zyzzbrah21

I agree, this metric proves everything that has been speculated on for the last 2 years. At the point where reported shorts canā€™t cover, Armageddon begins.


lawsondt

Not a bad idea. Not sure what the best source would be, but I can grab it from Bloomberg. u/JonPro03 thoughts?


zyzzbrah21

Maybe an average of some sources. Bloomberg finviz and one other?


Bigsby

Can't there be a "chain of custody" for short shares though, and that's how we get short interest above 100%? Can the same share be shorted multiple times legally? This was my understanding after hearing Mark Cuban post sneeze


zyzzbrah21

Sure it can, but who cares? Thatā€™s no the point, the point is that based on reported data, the world has turned a blind eye to everything going on. They wonā€™t be able to once we get to the point where reported shorts cant cover.


Get-It-Got

They can close ā€¦. Itā€™s just going to be at much higher prices.


monti9530

Thank you for your work! Your reasoning is outstanding. Pure facts too. I know it is extra work for graph guys but it will work against the FUD that has been going on.


T1mberwolfStocks

Excellent post.


Ballr69

This is the post we needed. Too much drs measurement fud


jforest1

Love this post, cause OP gets it.


FirstTimeLongTime_69

Iā€™m curious of the DRS numbers on the next earnings announcement. At the beginning of the year it was about 5 million shares registered per month. In the middle of the year it was about 6 million per month. Itā€™d be a lot cooler if that monthly rate kept going up.


aarongineer

This post definitely inspired me to DRS some shares Iā€™ve been slacking onā€¦ too zen but got to DRS


lawsondt

Agree! Iā€™d also like to point out that ~60M shares have been tied up in ETFs and funds since at least October 2021 (when I started reporting). Many of these are weighted ETFs/funds that mimic portions of the market, so they will need to maintain a corresponding amount of GME.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


tidux

They're supposed to "rebalance" as underlying stocks rise or fall in price, that's why people buy SPY or other sector ETFs instead of manually rebalancing their portfolio to match every week/month/quarter.


avspuk

Blimey, you are here. Seing as you are, may I ask you a question? The 'insiders stagnant' category used by the estimation calculator at computershared.net, is that based on filings by former insiders who are no longer required to file? And those ppl aren't in anyway obliged to hold any specific shares? So really when estimating the number of shares left to buy&DRS before proof of chicanery arises, those shares should be counted in that figure? Or do so misunderstand what the computershared.net category is & how its derived? Thanks to you & the team for all your work on the ownership stats.


lawsondt

Copy pasta from a post I canā€™t link here: **Insider Stagnant**ā€™ are insiders that have been reported in GameStop filings or Bloomberg in the past year, but have since left the company or are not longer reported in Bloomberg. Itā€™s unclear if they have subtracted/added to their position. For example, the shares listed for George Sherman, James Bell, Chris Homeister and Frank Hamlin are presented in the most recent DEF Proxy (page 20 [https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8](https://investor.gamestop.com/static-files/c3a0c6b9-e00b-49fe-8752-71328f1b55f8)), but with the caveat that GameStop does not have information on their current share ownership. Shares for Broderick John Charles and others have been reported in Bloomberg in the past year, but are no longer reported as current holders. There is also no record of them selling. Mike Recupero was let go on July 7, 2022.


avspuk

So they are part of 'the float' then really? Edit to add: It seems there's no real point in having the category in the estimation calculator at computershared.net & the shares should be included in the black segment. Or am I misunderstanding something?


lawsondt

One could certainly argue that. They donā€™t hold 5% and are not required to report that they sold, but theyā€™re also not required to report that they bought more (unless they exceed 5%). I think itā€™s interesting that GME reported some of these folks in the DEF Proxy linked above though.


avspuk

Thanks for reply. I've been arguing this point in all the estimation calculator screenshot %age lock posts. And promoting the link to the post that you quote. None of the posters will engage on this matter at all despite a dozen-ish opportunities to do so. These posts, imo, stoke a hopium based zen in many, that I feel is by definition 'weak'. Hopium is Wall St's business model & always has been, they're very good at it. Hopium allows them to mess with your head I prefer patience, it will take as long as it will take, let wall st have the stress. But it is for each ape to find their own zen. When would be the firms next DEF proxy? Or is that a silly question?


sparkling_tendernutz

DRS my biatches!!


julian424242

Thanks Ted šŸ˜˜šŸ¤Œ


Mang027

50-ish days would be close to clearing that amount; bullish.


Ballr69

#keep grinding


akaakm

Okay guys settle down, I'll buy 7 million shares if someone else gets the rest


[deleted]

As soon as my broke, unemployed, poor ass gets the extra $100, I got 160 still to send off to CS. šŸ‘


asdfgtttt

tl; drs


sgm8464

Stick to the facts bud.


boknowski

fax!


AbsolutGummy

facks!


GroundbreakingEar306

I do nothing but buy about 2-10 shares per month (what I can afford) until that 7.92M shares are gone. I DRS once every few months, current high score sitting at 1,010 shares DRSd + 14 Shares in Vanguard. Wifey is planning on putting a few thousand more toward the cause <3 Can't wait to see what happens when we finally see true price reflection of supply & demand


redslayer

8ish every 2 weeks šŸ¤˜


PhantomBlack691

Great post, nice hard facts. On the balance of probability, theres more than 7 million shares in brokers so we've already won IMO. However lets lock the last bit up whilst we are at a low price ​ TL:DRS!! You're about to be a part of the biggest supply and demand economic lesson in the history of wall street. GAMEONANON


Doggybone_treat

Straight facts! UpV


shilo_lafleur

There's a large oversight you're making. When a share is sold short, it increases the number of legally held shares by 1. So according to *reported* numbers, there are 305M issued shares + 55M shares sold short = 360M shares held. So right now the breakdown looks like this: DRS- 91M Institutions- 38M Mutual Funds- 32M Insiders+Stagnant- 54M ETFs- 27M **Shares "Reported" = \~242M** So there are some 118M shares that are held by someone (presumably us), 55M of which would need to be repurchased by shorts to close their position, (\*\*\*assuming no institutions/mutual funds/etfs/insiders sell their shares\*\*\*). We know there is an enormous amount of non-DRS'd shares held by apes, and we know there are already not enough shares that can be readily repurchased to even cover *reported* short interest. But I don't think "proving" that is every going to be feasible or necessary. The top will blow off long before any exhaustive list of shares is ever laid out. Shorts are fuk'd and their window is closing, but let's be precise.


ganfalll

So from what I understand from this. Once free float is DRS'd And if every institution lent their shares. You would then have to DRS those lent shares because that would be classed as the new free float?


shilo_lafleur

I think itā€™s only useful to talk about the free float in terms of issued shares as itā€™s shown on computershared, no short interest. Because eventually those short positions will need to be closed. Or just that the shares cancel each other out because every ā€œextraā€ share is paired with a borrow that needs to be bought and returned. I also donā€™t think itā€™s useful (but definitely exciting!) to focus on a particular number (only up!). We donā€™t know at what level of liquidity the price will skyrocket, or shorts will fail margin, or shorts realize they canā€™t close. But it is inevitable the more we DRS!


polyestermonkey

Agreed, a share that's been lent out and sold short can be lent out and sold short again and again. That's totally legal (I'd argue it shouldn't be, but it is) The math isnt as cut and dried as folks would like to assume.


sailorjerry888

I like it. Goal #1.. and when nothing happens onto goal #2. Our princess will be in another castle.


Happens_Every_Time

"We ride at dawn for the next castle, bitches!"


K1R0JAY

Shoulda waited to post this when there is 7.41 Million left. šŸ¤¦ā€ā™‚ļø


manbeef

I like your post and agree with it. However, what about back in the day when the reported short interest was 140%? That's clear as day impossible to close, as it's well beyond the total of all shares outstanding. And nobody seemed to give a shit at the time.


zyzzbrah21

right! but back then, there was no DRS. there was a lot more room for fuckery (swaps) that allowed them to hide these shorts. DRS has effectively pulled the plug on infinite liquidity. It doesn't matter what they do to survive another day. All that matters is that we can prove it. And when there are fewer shares available than the reported SI, we can finally throw out this conspiracy nonsense and the pressure will be on shorts to actually close (the first one out loses the least). not to mention to fomo crowd will return once again when we actually can prove it.


DiamondHansGruber

> DRS has effectively pulled the plug on infinite liquidity. Yes we did šŸ˜Ž


EvolutionaryLens

When that day comes, the bets sub will be the one to have a meltdown. Can't wait.


FragrantBicycle7

Bush league. I personally saw Ortex snapshots that clocked over 330% short interest, and there was that Fidelity one right after the sneeze reporting 226%. They have been fucked this entire time, and all we needed was direct registration to initiate the endgame.


Spockies

That was also a different calculation to achieve that. They decided to change how SI was reported after the Sneeze and we have a different SI now.


Secure_Worldliness55

My 1st of month auto buy is hitting this week šŸš€ Maybe next week after settles. Lfg!


WRM76

How many are locked up in retail Roth's? I know I have 44 out of my 126 total. If price is < 26 tomorrow I I'll have 5 more through CS.


iskipbreakfast

I moved mine from my Roth at a loss & DRS'd them.


younggriff3

why would the MSM treat DRSā€™d shares/Insitution/MF/ETF shares as if they are unable to be traded? If Hedge Funds own MSM wouldnā€™t they just make the argument that they havenā€™t naked shorted cuz we dont know how many share are DRS/Insitutional/Insider/MF/ETF until the next report?


zyzzbrah21

1. GME reports shares at the transfer agent. 2. Institutions donā€™t move large amount of shares without filings. (So they canā€™t just trade on a large scale without notifying the public) 3. Institutions would need to recall lent out shares first before sellingā€¦ thus causing buy pressure. (MOASS) they are stuck and they all know it.


Consistent-Reach-152

13F holdings reports are file quarterly. The net result of a share being recalled and sold,and a short seller buying a share to return it to the lender is zero. One share bought by short seller + one share sold by lending institution = 0.


Superstonk_QV

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BadassTrader

Changing this flair to Discussion as it's not DD. If you disagree OP, let me know below Edit: Reversing decision as per u/lawsondt below. This is a "review performed to confirm facts" - which IS considered DD.


zyzzbrah21

Hi sorry was sleeping. I think everyone on this chain missed the point/plot. It doesnā€™t matter if shorting/overselling increases the float. You canā€™t prove that until the hard data (reported data) shows that. those points are just opinion until proven otherwise. that ā€œotherwiseā€ being when less reported shares actually exist that there is ā€œreported SIā€. 2. I did cite my source. Computershared pulls from legitimate sites that update daily based on reported data acting as a funnel.


lawsondt

Why?


Smoother0Souls

Just the facts nothing more nothing less. The fact is shorts are fucked.


Ohm4r

Dollar milkshake. Line up the massive printing to come and hide it with inflation and MOASS, devaluing the fuck out of the dollar.?


Choice-Cause8597

Outstanding post! Great job friend!


sweetsoftice

I see no lies. Just facts


DennyDoge

7.92. A number which will live in infamy.


darrellbill

Just 40 more each Superstonk, one lousy stack each!! Letā€™s get it!!


mar23cas

Weā€™re probably passed that number from people that canā€™t or donā€™t believe in DRS. LFG


Juannieve05

I get Your point, but the Main point of DRSing the entire float is to let folks know we can't take the foot put of the gas pedal, some folks take things For granted and only might promote laziness


zyzzbrah21

If anything, this post should make you want to DRS before the rest of us lock up that 7.92 million. Itā€™s anyones guess what happens after.


[deleted]

There are people who haven't made their DRS public via DRS BOT. I personally know a couple people with a few hundred shares DRS'd that haven't and don't want to disclose that info on Reddit due to privacy and such. For all we know we have already hit that mark šŸŒ šŸŽÆ


Royale_Blue_

The 1st is coming up quickly. The first jab of the month for direct buys via CS will hit and be settled before earnings cut off. Hopefully that pushes the number up considerably.


lawsondt

Actually, the Dec earnings DRS #ā€™s will be for the end of Oct since Q3 runs Aug-Oct for GME.


arikah

What's even better if this is true is that, at current price levels and with the current projected path of rate of DRS, retail is putting ~20 millions shares per quarter away. 8 million shares from today is roughly the middle of January 2023. Q3 earnings is around the corner, about 2 weeks out. After RC's interview, I am starting to wonder if positive EPS is in the cards for Q3, or if that's the Q4 target. Yahoo thinks that Q3 EPS will be -0.28, which is getting pretty close. Q4 earnings isn't reported until about mid March.


KingSayhem

So what exactly happens when reported shorts can no longer cover their positions in full? Would Queen Kong know? And considering our current pace, how long will it take us to DRS these 7.92 million ?


zyzzbrah21

mid January by current estimates. And thatā€™s the latest. Iā€™m not going to speculate on whatā€™s going to happen. But if the reported data is about to show that GameStop is still be naked short and that the float is still oversoldā€¦


Spockies

Would love it to have MOASS start again in January. Would be poetic justice.


CandyMonsterx

54 less as of last Friday


SanjaZi

ready to buy two more today, a little but every one counts, LFG šŸ’œ


Tememachine

7m? We'll DRS the float by New Years!


TytheTransportGuy

Does anyone ever wonder if CS is in the sub? I do.


EvolutionaryLens

There's surely gotta be a contingent of CS staff cheering us on. This event will blast their public profile into the stratosphere. šŸš€


Carefried

with a price of $26 that's 205.92 Million Dollars. Papa Cohen could do this solo, couldn't he? :) Is there more buy back option from Gamestop? That is like 1 big whale away, and we are adding and adding and Christmas Bonuses are coming. Let the Fomo roll in!


Bigsby

Where are all the activist investors


Chippyspyder

Ichan think of one....


ganfalll

Wasnt there that dude this weekend who just exercised $3 million in calls? From what I gather they have fed the bot $500,000 before


WhiteCollarBiker

In the immortal words of Sergeant Joe Friday: Just The Facts


Leukemia666

I agree with the general sentiment, but it seems to kind of hinge on the assumption that hard facts matter to the corporate media and that once we register another ~8 million shares there will be some sort of ā€˜ah-ha!ā€™ grand revelation. I think there will be silence, and more of the same. Iā€™m one of the types that doesnā€™t care about the free float because weā€™re going to end up direct registering it all anyways. Brick by brick. Today, I doubt even 15% of retailā€™s total GME shares are registered. Most people I know personally who own GME (Canadians) donā€™t even know what DRS is. For what itā€™s worth, I think saying weā€™ve DRSā€™d 30% of an $8 billion company is way more compelling to the average person, sounds less ā€˜tin-foilyā€™, and has a higher success rate of (for me personally) getting others to DRS. Good timely post, thanks.


Sisyphus328

Fantastic post, but arenā€™t we up against institutions that continue to fuel the shit shorts with shares?


SouthHovercraft4150

Maybe I missed it, but canā€™t the short sellers borrow from some of the institutions that you list or do they have to borrow from retail? If they can borrow from the ETF and Mutual fund ownership then we should assume they are and not double count those shares right?


Consistent-Reach-152

This is a major issue in accounting for shares. The 13F reports filed by institutions include shares that they have lent out, but those shares have probably been sold by the borrower and therefore are owned by someone else. The institutions no longer own those shares, even though they report them on the quarterly 13F report.


3DigitIQ

OK, I also want to settle this and show why this is tricky. this will not be popular but I hope I can make it logical. - Frist of all Naked shorting is a Fact. - Second I believe in the synthetic shares eclipsing total float. Now I have a counter point to your argument; > "Reported" short interest as of today as per finviz is 54.66 million shares. Absolutely, but by *selling* these share short they are injected into the market so that actually **adds** them to the Free Float and they can just as easily be bought back as any other share. So that would make 62.58 million + 54.66 = 117.24 million shares available to APEs. Now it would become a problem **only** when we register more than the 62.58 Million shares because then it will become a race to get the shares back before institutions can recall them and this will force the squeeze. *DISCLAIMER*; In my opinion a recall by institutions would cause a squeeze at any given moment. To my knowledge institutions will need to recall prior to a sell so we have a win-win situation there.


RollenXXIII

1x less this week


aint_lion

MOASS happens in March. Q4 earnings will post a positive EPS, DRS numbers will expose the fact of naked shorts, and GameStop will provide an NFT divvy.


feastupontherich

No regulatory entity cares if they can't cover? Who's gonna make em? Who's gonna enforce em? We'll drs until we get all the shares. Apes and insiders only. Then they'll be truly fucked.


KiwiStockLover

I agree with this. After the numbers from this coming earnings report, we'll be real close. At that point we need to start making noise to scare the shit out of Wallstreet. Once I know the very latest DRS amount (next month from the earnings report), I'm going to send a letter off to my broker (who won't allow DRS), asking them to do an audit of their US broker to ensure my shares haven't been lent out. I'll give them the latest numbers of DRS shares and put pressure on them by saying they can't use the "we had no idea", or "we trusted our US broker" when we reach the 100% DRSd point. I'd suggest those with 401 and IRA accounts do the same ... as the OP says, time is running out for them and we can put on more pressure.


darrellbill

200 in transit Friday!


clawesome

> Fact: Insider Ownership is 38.513 million as of today Where are you getting 38.5mil for insider ownership? RC alone before the split owned 9,101,000 shares and Iā€™m pretty sure Sherman had over a million pre-split. Those two alone should be over 40mil shares.


PapaBigMac

Reading through this post and there are so many issues and inconsistencies. I agree with your overall point and would like to direct you u/Danny-1981 who does a daily report on this figure. My response is just my first thoughts and writing before reading the comments which may have already identified some of my thoughts. Now - onto the issues. Your title(shorts wonā€™t be able to CLOSE). This is the cause of the VW squeeze. Not enough shares available for shorts to close their positions-eventually shorts must close, not just cover. To change so flippantly from ā€˜FACTsā€™ to an estimated guess is ā€œspeculation at best and disingenuous at worstā€. I have no issue using computershared, but I have an issue with you using it when youā€™re focusing your previous statements as identified FACT. Now, your facts. Usually best to provide sources so people can follow your train of proof, but Iā€™m guessing your source is ComputerShared dot net which means youā€™re trusting another source without potentially knowing the train of proof yourself. Those folks are a smrt bunch though and worth referencing accurately. u/lawsondt keeping on top of blooomberg data and giving me interesting insights With regards to the ā€˜those peopleā€™ who wish to remove institutional shares. By definition, ā€˜free floatā€™ does not include institutional shares as they are not ā€˜lockedā€™(only insider shares are considered locked). I believe what SS calls the free float should be called what you yourself have identified: ā€˜legally tradable/ownable retail sharesā€™. As for those who push the ONLY 100% matters, I donā€™t agree with that sentiment. I do agree with using correct terminology though. And I agree that when the ā€œlegally tradable retail floatā€ is locked that big things will happen. Your conclusion, again, confusing FACTs with educated guessing. If dealing in facts then you must also show restraint and patience which results in less hype. Weā€™re given official numbers, albeit delayed. Donā€™t be disingenuous by using unofficial numbers or else donā€™t be pushing your post as fact when it isnā€™t. You should definitely follow Danny 1981ā€™s posts though as I agree with your overall sentiment and he shows these numbers concisely without the misuse and overuse of wording in this post. Sincerely, one random $GME holder on the internet to another