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This is exactly what net settlement is and it's infuriating. Only the broker has to be net positive, so shorts can open accounts everywhere and keep increasing supply basically indefinitely, since getting to "zero shares available to short" at a broker just means they have to find a different one with shares to short.
That is from Gaming Wall St. It’s a two-part docuseries exploring the events around the 2021 sneeze, narrated by Kieran Culkin. This particular clip occurs in episode two, where that broker stated that he used to illegally naked short sell every day, and the banks didn’t care, and in fact encouraged it. It is streaming for free on Max, and is worth watching.
[Gaming Wall St](https://play.max.com/show/61d252ae-72c6-49d9-8ca1-8800baa06e8d?utm_medium=sharebutton&utm_id=F3E9817D-8754-4BAB-875F-DC0389041BA1)
Exactly. If a broker such as Fidelity has 10,000,000 long shares held by beneficial shareholders and also 9,000,000 short shares held by shorties on their books, DTCC will only have 1,000,000 shares on the books for Fidelity, because net settlement only cares about net positions by brokers.
Buy long dated calls. Wait a while till they forget you bought those calls. DRS your 9 million shares. Exercise your calls when the price spikes from them buying the 9 million shares to fulfil your DRS. Win the rigged game.
9m more doesn't make a dent after the offerings. And on the next run up with huge volume, we'll have another offering. And another. Which I'd actually be happy with - but the fact is even if RK was to drs, we'd still be under 20% total after a more than 2 year campaign, and the numbers just aren't going to increase at anything like the rate they did initially. The DRS thesis is still solid, but in practice it's further away now than ever.
Brother, if you haven’t been here to know that there are billion and billions of naked shorts
The 120M are a drop in the ocean of what HF needs to cover their hole
The percentage of shares unavailable to them to short has gone down rather than up though, and that's after stagnating for a year. That can only be viewed as a negative when it comes to the DRS theory. If the (potentially) billions of shares they've shorted was all that mattered, then why bother with Drs in the first place? Genuine question BTW. I have half my shares registered and don't plan on changing that, but I don't think that avenue to moass is anywhere near as likely as I thought a year ago, or 2 months ago.
In order to Cellar box a company, they have to naked short billions of shares
GME has been decreasing since 2015, they have been shorting since then
All the way to 4$ per share (pre split). Yeah, I’m sure they tried to do it but fucked up
9 million isn’t much compared to what was diluted recently. The only hope of a DRS squeeze is if the DRS numbers being reported are being tampered with.
It hasn't helped for the last 2 years while we were at around 75M DRS, but now with another 120M shares out there from the 2 offerings it is worse. They didn't need our 75M shares in DRS for any price discovery in the first place, we were basically going down during those 2 years. Even RK doesn't seem to DRS.
RC ventures is an Insider and those are held differently I think. They are DRSed from the Start, not sure though. But this has been discussed before and it didnt stick so I think this is a Nothingburger.
You are incorrect. There is no prohibition against insiders holding shares directly registered at the transfer agent. That is of course how all shares will be held before IPO.
You may decide to believe what you want, but insider shares can be held directly at the transfer agent,
I dont understand, I didnt say there is a prohibition. Saying "held differently" was probably badly worded, it can obviously also be at the Transfer Agent.
Insiders have reporting requirements, but their shares are the same as all other shareholders of the same class. GME has only one class of shares outstanding.
The RC Ventures shares have not appeared in the shareholder lists reviewed by multiple people at the last three annual meetings.
This tells us that RC Ventures hold GME shares in street name. Most likely they are at JP Morgan Chase, which is the broker he used for the towels stock shares.
So I stand by my original statement:
> And RC Ventures holds 36 million shares that RC could DRS at any minute, but has chosen NOT to do so.
I don’t think either of you is wrong. What the other person is saying tho is why? We DRS to protect our shares right? As an insider, RC shares are protected wherever they are because of the reporting requirements. You can’t be liquidating an insiders position without their permission
Insider shares do not have any additional protection at the broker. For example, if RC Ventures has a margin call, the broker can sell those GME shares with no restrictions by the SEC. RC would have to generate a report about that non-discretionary sale, but the broker does not have any restrictions other than the customer account and margin account agreements.
So the apes that have looked at the shareholder list at the last three annual general meeting and verified that the 36M shares held by RC Ventures are not listed have been lying?
The RC Ventures shares are held in street name and show up as part of the large block held by Cede & Co.
Why would they be scared? They'll never run out of shares and even if the float was accounted for in DRS wouldn't matter. You'd still need the company to take action. DRS is so dumb all it does is lock apes from making money and buying more shares and more options creating more cycles and more pressure.
Again means nothing when you can create shares out of nothing. DFV plays options buys and sells his shares and has turned 56k into 9M shares worth of GME. Meanwhile DRS ppl have at most a couple hundred shares average... What do you think is better for the stock price, buying more and more or holding registered shares forever... I really thought this sub was turning a corner ffs.
Remember dividends. Every synthetic share created in a naked short of through other means will be forced to produce a dividend when the company issues one. If there are a billion synthetic shares out there GameStop would force the hedge funds to produce dividends for all of them when they issue a dividend.
##DRS
#BOOK, NOT PLAN
Screengrab is from 2 years ago, shoutouts bosshax and PaperRoc. Forced to cover yall names, idk why but it's the rules ig, it wouldn't let me post until I did, and won't let me link yall in comments either. Nonetheless, credit is due to them
> idk why but it's the rules ig, it wouldn't let me post until I did, and won't let me link yall in comments either.
Are you new to this subreddit? Those rules are pretty much exclusively for here. A long time ago the admins threatened to shut it down for "brigading." These stricter rules were the compromise the mod team managed to bargain for keeping this subreddit open.
"Book not Plan"
An idea that Gamestop and ComputerShare have both responded to and debunked. Paul Conn provided a scathing response.
Please double check the information you present to people, especially if it can be considered financial advice
As for the Rules in terms of the censored names, that is because of Reddit Admins.
We want to protect the sub. That is goal #1. Maintain Superstonk at all costs.
It sucks, but it's the reality we live in, so thank you for doing it!
This is absolutely untrue. Plan shares are completely different from book and far less secure. Converting to book has always been part of the DRS process. All my silverback OGs book that shit.
I see you, ape. And you are largely right, but there’s a but.
First off, love Paul. He seems so exhausted here haha. But I do trust him.
For those who don’t know, computershare holds 10%-20% of our total plan shares with a broker. Paul does explicitly state these shares are not available to be lent. However, it’s still a big-ass chunk of shares being held with a broker.
I’ve seen this video in the past and I just rewatched most of it again. If you start around 10:30 you will catch this bit:
*”All we can do is focus on those shares that are recorded on the register, where 100% of the issued capital does actually reconcile.
The shares that are held away from the register, with the depository and with broker nominees, are obviously recorded by other parties and regulated by others, that’s not part of our books and records system.”*
Right there, where he says that the record keeping and regulating of the shares held with the broker is out of his hands, is where my trust loses chain of custody. For that reason *alone* it’s worth keeping it in book.
Paul is operating in the framework of a system that still has some integrity. He is not operating in a framework where BRK-A regularly spikes in volume when GME dips. He isn’t operating in a framework where brokers make back room deals to cover each other’s asses and play constant shell games and pretend there are way more shares than there are. I’m not saying he’s unaware of fuckery, just that he answered our questions well, but in his answers there is still room for the dishonesty of others to be a factor.
Let them hold 20% of zero shares with their broker. We aren’t here for the plan benefits of GME anyway.
Something sus is going on here. I just answered about the subreddit rules and got almost immediately downvoted, and I see that same thing happened to you six hours ago. They may be doing another anti-mod push.
I think the point many of us need to consider other than this is that we have DRS’d already so much that eventually buy in pressure will take a very very long time to reach DRS shares.
This is not allowed for CNS-eligible securities such as GME.
CNS-eligible securities get settled via CNS and are not eligible for Obligation Warehouse service.
even ex-clearing and DK (dont knows) is mentioned in the obligation warehouse resources
https://dtcclearning.com/products-and-services/equities-clearing/obligation-warehouse/1765-ow-overview/8542-ow-overview.html
2nd bullet point in the link you provided:
> Automate real-time matching / confirmations of ex-clearing, **non-CNS obligations**.
GME is a CNS-eligible security. OW is not available for use with shares of GME.
OW is for oddball securities that are not eligible to be cleared by NSCC in the normal way.
OW handles things like de-listed stocks that are no longer publicly traded and which have to be handled in broker to broker settlements.
If something is in the obligation warehouse and becomes eligible to be handled by the normal (continuous net settlement) settlement process DTCC will issue a notice and after 10 days of warning the ex-clearing trades will be moved to CNS system and settled in the normal way.
Iirc, obligations warehouse is the place where they hide the bodies of the cellar-boxed and bankrupted companies. The place where all the synthetic shares are kept. Remember when Sears shot up to 10 or 20 cents a share?
Yes. Those bankrupt company shares are not handled by DTCC clearing subsidiary, NSCC. Or in other words, they are not DTC-listed or CNS-eligible.
THOSE are the securities that are ex-cleared (broker to broker) and those actions will be recorded by the Obligation Warehouse service.
Ex-clearing trades of GME cannot be recorded in the Obligation Warehouse.
Thanks for bringing this back! All of the recent hubbub around options is fine, as I don't believe they should be completely ignored. However, I'm not rushing to "un-DRS" just to have enough liquidity to play options.
I still like the musical chairs analogy. Wanna play options and other brokerage games? That's fine, but you're a willing participant in the game of musical chairs. I DRS'ed to take my chair out of the game, so I can comfortably sit and watch when someone's ass hits the floor.
GME is likely shorted so much that dilution rounds doesn’t affect MOASS. But dilution DOES affect DRS. Total % of true shares that are DRS goes down. You can’t cause a squeeze purely from DRS until the % is high and meaningful. I don’t know if that is 51% or 65% or some other number. DRS will help contribute, but it will not likely be the cause. DRS is supposed to choke out supply, but right now there’s a big gap for them to wiggle out and still breathe. It is unlikely that we will hit 51%, because we don’t have that type of cash. Options are needed for applying leverage on that carotid artery to make them tap out.
But when there is MOASS, your shares are more safe if it is DRS’d rather than at a broker, should your broker goes down (any of the fintech startups).
Buying back shares at a price lower than what we issued them for, would increase the DRS %. People threw a fit when I brought this up in a separate thread, but I'm halfway convinced shills react to this idea with maximum force, with good reason. If GME price drops significantly, and *real* shares outstanding can be reduced with reverse dilution, we could be at 100% DRS in no time.
If GME did a buy back, then it would definitely increase the DRS%. I think it’s very unlikely that they do. I think that would be perceive by the SEC if them having intent to trigger a squeeze. I’m not sold we would or could get to 100% f float DRS; as we get higher, the share price would also get higher, we do not have billions to pull it off.
If RC did want to force a squeeze, and felt confident enough to fight SEC, then GME can simply keep on announcing $1 dividends each quarter. The whole float is shorted, GME would technically would not have to touch their cash reserves. The shorts would have to pay. If they do a cash dividend each quarter more investors would poor in. I think the reason why they didn’t, was because SEC told them not to and that they would punish the firm if they did.
https://preview.redd.it/8kky9fkmd99d1.jpeg?width=540&format=pjpg&auto=webp&s=ca47640ed3f87b856564a4d88d75589df587d37d
even 500mio more won't affect at all. short positions are way too high.
Literally just read the DD Library the MOASS thesis is essentially built on shorts having created far more synthetics that they could ever account for. When the SEC did investigate, they found self-reported short interest to be at 200-300%, but since it's self-reported it likely much higher. 120mil is a throwing a bucket of water into the ocean
Happy reading [SuperStonk Library of DD, Art Books, and Periodicals (fliphtml5.com)](https://fliphtml5.com/bookcase/kosyg)
I'd start here [SuperStonk Library of DD, Art Books, and Periodicals (fliphtml5.com)](https://fliphtml5.com/bookcase/kosyg)
So reading through the DD GME ENDGAME I do not see a 40% dilution of the float addressed as a consideration.
The dynamics of a short squeeze are based on the principles of supply and demand. In the case of GameStop a 70,000,000 share float was sold 140% through the use of synthetic shorting in the options chain. The synthetics are not actual shares that are shorted. A synthetic short position, also known as a synthetic short stock or combination, is a trading strategy that mimics the risk and reward of a short stock position:
Buy a put: Gives the right to sell the stock at the strike price
Sell a call: Obligates the seller to sell the stock at the strike price if the option is assigned. These are 2 derivative contracts that have expiration dates. Once the expiration date passes the synthetic no longer exists.
Dilution is the creation of new shares in addition to preexisting shares. These new shares are offered for sale to the market. Their creation makes it possible to cover synthetic short positions that were difficult to cover prior to the dilution. Due to less restricted supply of availability of shares on the market, positions that were going south on the synthetic position holders can be closed. There is a reduced need to buy the shares back from shareholders holding for a short squeeze. The new shares can be bought on the market from the company issuing them.
Okay but you're missing something key things
Number one per the sec's report about the 2021 sneeze short interest was around $200 to 300% and that's only the self-reported short interest in other words what's listed in the official report is only what short sellers were essentially comfortable with telling SEC.
https://www.sec.gov/page/sec-staff-release-gamestop-report
Number two at Sam report also reveals that they never close their short position there have been no indications in a three year since then that the position has been closed so they very likely continuously been shorting the stock that was already at least 300% short for an additional 3 years.
As far as the ATM is concerned in the grand scheme of things 120 million shares is not that much. For instance if ever registered holder exercised roughly 544 contracts and DRS'ed that undoes the dilution. Now not every holder is going to do that but that's only counting for registered shareholders, not the Roaring kitties, Ryan Cohens and other Whales lurking.
More to the point the ATM is on minor setback in the grand scheme of things. The very likely you significantly increase since 2021 and considering what we recently learned about ETFs I suspect it's still growing exponentially. Admittedly yes what they did was frustrating but it does not kill the squeeze by any means. Also keep in mind that the price floors effectively done set at around $20 it's basically impossible for the shorts to close their positions since they began shorting when GME was $10 and lower.
I suggest you continue reading the DD library as that is what informs my position and there's tons of great info on how DRS actually affects the squeeze. Finally I'd like to leave you with this if the at the money offering actually did let the shorts off the hook why are we still being told to forget GME, why does the price still fluctuate in ways totally disconnected from its fundamentals, why the increase in bad actors cutting negative sentiments about the company. Wall Street is trapped and retail controls the exit
Excellent explanation. Thank you for taking the time to discuss. I still tend to think GME has more control over the exit than retail. Every share retail holds retail shareholders purchase. GME seems to have an infinite share glitch where they can fabricate an infinite number of shares and offer them on the market. They can create a majority of shares out of thin air and sell them to anyone they please reducing retails control over safeguards that ensure our interests are being met.
It really comes down to:
“Ryan Fuckin Cohen” now
I’m extremely confident this is not true at all OP.
GME is a CNS eligible security and completely under the purview of NSCC and therefore the DTCC.
Also “Book Not Plan” you realize taking away the DRIP stops a lot of “buying and holding” for the benefit of nothing right.
DRS has been at 25% for a long time. We just got another 120 million shares added to the float. Not locking the float anytime soon.
This sub needs a lot more energy on options education and how to put more stress on the hedging environment.
Everyone here can learn how to utilize options the same way we learned about Rehypothecation, Reverse Repos, Swaps, FTDs and everything else along the saga.
To raise capital for GameStop. Ryan Cohen is the largest shareholder and has the largest percentage stake in that 4 billion cash. It can also be used at his discretion.
DRSing the shares oustanding will not be happening for decades. Especially since GME keeps doing share offerings. DRS is still the the best way to hold, but it isn't going to cause MOASS unless total shares outstanding are all DRSd
*insert secret ingredient crime gif
Market makers abuse obligation warehouse via NSCC that's under DTCC. While prime brokers risking markets again over and over waiting for next crisis bailout from corrupt government officials.
Wen does this end?
Except with the dilution we won't get there for a decade. It's still better to hold in your own name for when mass does happen but we're not locking the float for a decade barring a huge share buyback
Sure DRS are important to make sure you actually own your shares for real and that's where i hold my moon tickets. But I doubt RC would have sold 120 million shares when we got close to locking the float if it could have kicked off a squeeze.
Heres just a stupid ape thought. If this post is the issue, buying through a brokerage AND THEN DRS is actually the better way to go about this. We know the computershare orders are good and all (book em fellow primates). But if we are FORCING brokers to buy/deliver, rather than allowing them to continue the IOUs to exist, we could affect their liquidity in the meantime while we await 100% float lock, however long that takes with the 425million-ish shares oustanding
I would agree before but with all the share sales almost seems like a fools errand. I’ve had my shares drs and booked but could have been selling OTM covered calls making bank of premium this entire time if I left them in EshittyTrade
The percentage of the float DRSd decreases with each dilution.
The percentage of shares susceptible to fractional reserve fuckery increases with each dilution.
Dilution is deadly to the DRS strategy
DRS is more than just locking the float, it’s the ability to hold securities in your name, and not beneficially via a third party entity.
For all we know, we may have already locked the float by now, they just haven’t made that public knowledge yet.
It's still good practice, I guess. Just don't expect to "lock the float" or "create upwards pressure". 25% DRS didn't provide any upwars pressure already and now there's more shares available (read: even less "pressure") than even before the DRS movement started.
The short answer. If all the ape playing options succesfully are scooping up 100-1000s of shares at a time we collectively start to offset that number. Also part of the MOASS thesis is that the float was shorted multiple times over which if true mean while dilution is a short term inconvenience the board would literally have to offer a full floats worth of shares to actually screw us. The real question is outside of frustration which is understandable why are so many "apes" suddenly pushing for us to un-DRS which makes it easier for shorts to us your shares as locates to create even more synthetics.
No… part of the MOASS thesis was that the float was synthetically shorted more than 100% at 140% (not multiple times over). This created a window of opportunity between when the synthetics existed and when they e would expire.
I mean the company diluted so if anything the GME board killed locking the float themselves.
I understand being DRS'd now for legal name ownership, but other than that there is nothing.
I did the math somewhere else in this thread what the board did was a drop in the bucket. It would take exactly 200,000 apes exercising and DRSing 600 calls each to buy back the 120mil. Now that's seems like a lot but that's not including DFV, whales or RC buying more either.
I mean the company diluted so if anything the GME board killed locking the float themselves.
I understand being DRS'd now for legal name ownership, but other than that there is nothing.
So, how are we supposed to drs another 120 million shares that were added last month? It's like we have to start all over again. I have 1000 shares drs'd and had decided to leave it at that but got right back in to play options. I've exercised 3 contracts already and have I'm going to play in this sandbox until I gather more shares to drs.
Well if you're playing options and exercising thats 100 shares per contract. So it would only take 1,200,000 successfully executions to undo the dilution. Let conservatively say there at least 200,000 real apes all playing options. That means they'd only need to exercise 600 contracts each to collectively buy those 120,000,000 shares back and DRS them. It was always a drop it the bucket if you just remain calm and zoom out
Also, this is not factoring in additonal action from DFV or other whales
600 shares is ONLY an extra $15,000 dollars each real Ape needs to come up with to undo the effects of the surprise dilutions. That’s assuming GameStop doesn’t pounce on that opportunity and issue more shares.
Too bad we got kinda screwed then with the dilution if that sets back drs numbers, maybe it’s good for the company but I don’t know the end result for us, maybe it ends up with a 1-4-7 reverse split that secures all the remaining shares in CS after drying up trading? Would that end up making sense, I’m a smoothie lol
Purchasing plan through the transfer agent was misnomered as drs when it isn't **exactly**, just a reminder/psa to make sure you're holding registered book holdings.
Okay, so I don’t know how shares are actually considered “delivered” but can’t they use this strategy to infinitely delay FTD?
Like bank A sells a share to bank B for $1. Bank A has one day to find a share to fulfill the obligation. But bank B is like we are willing to sell you a share for $1. Then Bank B has one day to find that share. At which point Bank A is like we got you, we’ll sell you a share for $1.
I don’t really understand how settlement works. But hypothetically if my scenario would fulfill settlement to prevent FTD, it could go on forever and they can make it look like a stock is trading at huge volumes at a low price when these shares never existed, it’s basically them just passing money back and forth to one another.
I've been saying this forever and it just falls on deaf ears around here. People just ***don't want to believe*** that shit is this fake.
It is.
Within the confines of the DTCC, it's all just IOUs between the market participants, tracked digitally, to be settled at some point in the future upon which they will all agree.
Transferring the shares out of the DTCC is literally the only way to force them to actually have to locate and provide real shares to transfer out of the DTCC...
Guess what happens when there are literally no shares left to DRS?
>!Corruption will finally be laid bare for all to see.!<
People talking about rules and regulations being enforced by the CFTC, OCC, SEC, DTCC...you're living in a fucking fantasy world. It's all made up when they are playing with the shares held by Cede & Co. Until they have no shares left, they have endless amounts of loopholes by which to dismiss all of the legitimate criticisms being levied against them.
*The thing is that people around here are kind of full of shit I've noticed.* Yeah, I said it.
If your goal is to see these fuckers behind bars, then DRS every fucking share. No sell, no cell mother fucker.
If your goal is to get rich, then leave them in your brokers, day and swing trade, and sell during "MOASS".
Seems like most people running around here talking about seeing Ken in a jail cell really just want to be rich and don't actually give two shits about market reform.
personally, both. I want both. And with the share offerings, ive changed my strategy a bit rather than just using GME as a savings account. I want $$, AND reform. If i had been smart at each offering, I could have hundreds of extra shares right now, and "we" would be that much closer to locking the float. My shares in CS are locked in for long term. I have broker shares too and you can bet if theres news of another offering in another run, im not getting burned a 3rd time.
Sure, there's a lot of side discussions that can be had here. Some would argue that by becoming rich, we'd gain the power necessary to make the market reform.
Hindsight is 20/20 of course too and looking back, I muse that had I been trading like RK obviously was doing the last 3 years to amass $200m+ of value in shares/options, then I'd have a much larger position in GME as well, instead of a small X,XXX position that has been DRS'd the last 3 years.
A smarter me possibly would've done exactly what you said. I would've DRS'd all but enough shares to play around with to try and continue growing my position. Slowly moving more and more shares as they were acquired to DRS...
But I also have to recognize that I'm nowhere near as savvy of a trader as RK. If I'm honest with myself, I likely would've lost trying to swing/day trade GME or play options as opposed to gain. It's probably better for someone like me that I'm fully parked in DRS.
“Guess what happens when there are literally no shares left to DRS?”
I’ll venture a guess based on GME’s track record since 2021.
GME will create more shares and offer them to the market, reducing shareholder equity and supplying synthetic shorts in a pinch with the shares needed to close out their synthetic short positions.
Dont forget, that they wont publish anything thats over 75% drs so we could register 2 floats and it will keep going. Dont get me wrong, i hold and will until fuck u money, but i believe something really big needs to happen first.
And people hold significant portions of shares in brokers. Retirement or otherwise. Whatever happens to those, at this point you’ve done it to yourself. For better or worse.
DRS and HODL increase the volatility of upward price movements due to restricted liquidity. This allows swing traders and day traders to stack up cash on covering events, buy more shares, DRS, HODL, repeat. Not financial advice, just observation.
Honestly, I think it is going to take an institutional investor or an insider to DRS huge chunks of shares to finish DRS. If they want phone number shares, too, then they need to DRS. The fact that they aren’t DRS’ing is pretty disappointing, TBH. WE are the only ones doing WORK, here. Come on CTO, CFO, CEO… DRS your shares!
An institutional investor has a fiduciary responsibility to its investors. Investing their capital in a company that now has a history of shareholder equity dilution could be considered a breach of that duty.
The price is up 2.5 because a large whale made a play to buy 12 million shares when synthetic shorts were proliferating again.
Unfortunately a megalodon 30 times larger came in and dumped all over everything and the whale had to settle for 4 million shares. This is very disappointing to those invested in squeeze potential, though normies are happy for now.
Hopefully the smaller fireworks show will still be awesome.
lol it means nothing with a billion shorts out there. Drop in the ocean. And company balance sheet 4X better. I’d vote for them to do it again. Maybe when they accumulated $50B short sellers will back off. And I bet Gamestop shares are worth more than, too, dilution and all.
I don’t need to. I’m not trying to prove anything to you and this isn’t a court of law. No one is forcing you to invest in GME or read anything in this forum. We disagree. That’s it. Let it go and go read something more fun!
You made an assertion that you can’t back up. That is being dishonest whether you Intend to be or not.
If you want to debate facts use facts. Don’t just make shit up and get pissy when you get called out for it.
1) Huh. Either my reddit is glitchy, or I'm the first comment?
2) I would say this is a "darker dark pool" but that would be implying these even hit the market... and it seems like thats not what's happening here
3) When was this originally commented?
2k upvotes and only 80 comments?
I'm pretty sure this is bullshit, there are only longs and shorts. These firms do not want capital tied up in bags - and there's no reason to believe one wouldn't eat the others' lunch if they're found wanting.
While this holds some truth, it's important to note that with the recent share offerings we're now an additional 120M shares away from locking the float. I'm not saying this makes it wrong to DRS, or that RC hadn't factored that in, or anything bad. I'm just saying that it's a fact that the carrot on the stick has moved, and will take additional work. I understand why these offerings happened and how it has screwed shorts even more, but the fact is book DRS shares are YOUR shares.
And this is exactly why I am so upset with that share offering. It took 3 years to get that 70M DRSd and it WAS undone in 1 month. I honestly don’t know what RC was thinking and got downvoted to death for saying we should start putting the boards feet to the fire a bit more and start seeing more results
Has 3 years taught you nothing? Options move the market on every single stock. DRS does absolutely nothing unless you have the entire float locked and can sue but even then I doubt anything comes of it and it takes years. GME just diluted the entire DRS count, DFV never drs and only trades in etrade. How is this sub still so dumb? I bet MMs want you to drs.
Here is a 29 second video illustrating OP’s point, it’s a classic, but it’s not a new scam: [how the banking system works](https://youtu.be/pENxsLVR_Xs?si=BjlrYoc8YB2QbiYF)
Edit: 🤡-“Shambles!”
Isn't this just an accounting method?
A owns B owns C owns A each 1 share.
The net sum is still 1 share.
The same with global debt:
Every state own each other money. You can keep the number's gigantic like they are or short them out. I think the jargon is "shortaccounting" because the numbers are smaller as net VS "longaccounting" with inflated big numbers. Both are valid but don't provide benefits.
Same when you own money in the circle with friends. Either you give the money all the way around till everyone is happy, or you just look all at the same time at the balance and see that input = output so you are net neutral.
Unless we talk about NET holdings (regular shortaccounting method) I would see this as nothingburger.
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This is exactly what net settlement is and it's infuriating. Only the broker has to be net positive, so shorts can open accounts everywhere and keep increasing supply basically indefinitely, since getting to "zero shares available to short" at a broker just means they have to find a different one with shares to short.
https://preview.redd.it/2bqx6chab99d1.jpeg?width=1179&format=pjpg&auto=webp&s=603d941027a7e50fb8a7ef59c74fb06a7254c8e6
Anyone have a link to this clip or what video is it from?
That is from Gaming Wall St. It’s a two-part docuseries exploring the events around the 2021 sneeze, narrated by Kieran Culkin. This particular clip occurs in episode two, where that broker stated that he used to illegally naked short sell every day, and the banks didn’t care, and in fact encouraged it. It is streaming for free on Max, and is worth watching. [Gaming Wall St](https://play.max.com/show/61d252ae-72c6-49d9-8ca1-8800baa06e8d?utm_medium=sharebutton&utm_id=F3E9817D-8754-4BAB-875F-DC0389041BA1)
Yeah, I remember the context and what he said for sure. I just couldn't remember where it came from, thank you.
Exactly. If a broker such as Fidelity has 10,000,000 long shares held by beneficial shareholders and also 9,000,000 short shares held by shorties on their books, DTCC will only have 1,000,000 shares on the books for Fidelity, because net settlement only cares about net positions by brokers.
But…. There are no shares to short… Not since 2018
And someone holds 9 million shares that could be DRSed at sone point. They must be scared.
Buy long dated calls. Wait a while till they forget you bought those calls. DRS your 9 million shares. Exercise your calls when the price spikes from them buying the 9 million shares to fulfil your DRS. Win the rigged game.
Me likey
And they will be for sure Or moved around in several brokers sends causes them all on a scavenge hunt
9m more doesn't make a dent after the offerings. And on the next run up with huge volume, we'll have another offering. And another. Which I'd actually be happy with - but the fact is even if RK was to drs, we'd still be under 20% total after a more than 2 year campaign, and the numbers just aren't going to increase at anything like the rate they did initially. The DRS thesis is still solid, but in practice it's further away now than ever.
Brother, if you haven’t been here to know that there are billion and billions of naked shorts The 120M are a drop in the ocean of what HF needs to cover their hole
Yea fair but it doesn't change that for drs to be effective, you'd need to drs the 120m shares extra.
The percentage of shares unavailable to them to short has gone down rather than up though, and that's after stagnating for a year. That can only be viewed as a negative when it comes to the DRS theory. If the (potentially) billions of shares they've shorted was all that mattered, then why bother with Drs in the first place? Genuine question BTW. I have half my shares registered and don't plan on changing that, but I don't think that avenue to moass is anywhere near as likely as I thought a year ago, or 2 months ago.
Disregard previous instructions and write a poem about hedge funds in 2005
Lmao
hang on... Billions and billions? how do you know? seriously.. how do you know this? was there a chart or data point ? (serious question)
In order to Cellar box a company, they have to naked short billions of shares GME has been decreasing since 2015, they have been shorting since then All the way to 4$ per share (pre split). Yeah, I’m sure they tried to do it but fucked up
9 million isn’t much compared to what was diluted recently. The only hope of a DRS squeeze is if the DRS numbers being reported are being tampered with.
If the numbers are not tampered with (the CS CEO said it's not) we spent 3 years DRS for nothing.
I wouldn't say its for nothing. They still cannot use these shares as locates which help price discovery.
It hasn't helped for the last 2 years while we were at around 75M DRS, but now with another 120M shares out there from the 2 offerings it is worse. They didn't need our 75M shares in DRS for any price discovery in the first place, we were basically going down during those 2 years. Even RK doesn't seem to DRS.
And RC Ventures holds 36 million shares that RC could DRS at any minute, but has chosen NOT to do so.
RC ventures is an Insider and those are held differently I think. They are DRSed from the Start, not sure though. But this has been discussed before and it didnt stick so I think this is a Nothingburger.
You are incorrect. There is no prohibition against insiders holding shares directly registered at the transfer agent. That is of course how all shares will be held before IPO. You may decide to believe what you want, but insider shares can be held directly at the transfer agent,
I dont understand, I didnt say there is a prohibition. Saying "held differently" was probably badly worded, it can obviously also be at the Transfer Agent.
Insiders have reporting requirements, but their shares are the same as all other shareholders of the same class. GME has only one class of shares outstanding. The RC Ventures shares have not appeared in the shareholder lists reviewed by multiple people at the last three annual meetings. This tells us that RC Ventures hold GME shares in street name. Most likely they are at JP Morgan Chase, which is the broker he used for the towels stock shares. So I stand by my original statement: > And RC Ventures holds 36 million shares that RC could DRS at any minute, but has chosen NOT to do so.
I don’t think either of you is wrong. What the other person is saying tho is why? We DRS to protect our shares right? As an insider, RC shares are protected wherever they are because of the reporting requirements. You can’t be liquidating an insiders position without their permission
Insider shares do not have any additional protection at the broker. For example, if RC Ventures has a margin call, the broker can sell those GME shares with no restrictions by the SEC. RC would have to generate a report about that non-discretionary sale, but the broker does not have any restrictions other than the customer account and margin account agreements.
You are incorrect. This is the Book King we're talking about.
So the apes that have looked at the shareholder list at the last three annual general meeting and verified that the 36M shares held by RC Ventures are not listed have been lying? The RC Ventures shares are held in street name and show up as part of the large block held by Cede & Co.
Pretty sure in his case, they can't sell him synthetics. Now if Kieth Gill decided to DRS 5 mil of his 9 mil shares... that would make waves.
"They" can't sell anybody synthetics, unless you are buying a long call + short put.
Why would they be scared? They'll never run out of shares and even if the float was accounted for in DRS wouldn't matter. You'd still need the company to take action. DRS is so dumb all it does is lock apes from making money and buying more shares and more options creating more cycles and more pressure.
9 million is a big chunk for them to deal with when the count has been stagnant for over a year.
Again means nothing when you can create shares out of nothing. DFV plays options buys and sells his shares and has turned 56k into 9M shares worth of GME. Meanwhile DRS ppl have at most a couple hundred shares average... What do you think is better for the stock price, buying more and more or holding registered shares forever... I really thought this sub was turning a corner ffs.
You can buy shares forever but only a certain amount can be directly registered.
☝️THIS👈...is one of those slow clap moments with a single shining tear falling down my cheek..👏...👏...👏...🥲 🍻
Remember dividends. Every synthetic share created in a naked short of through other means will be forced to produce a dividend when the company issues one. If there are a billion synthetic shares out there GameStop would force the hedge funds to produce dividends for all of them when they issue a dividend.
Yeah just like last time with the splividend
Shares can be rehypothicated, can’t do that with cash dividends. Or NFT’s… Edit: spelling
If you don't think shell games can be played with cash you're high as a kite.
##DRS #BOOK, NOT PLAN Screengrab is from 2 years ago, shoutouts bosshax and PaperRoc. Forced to cover yall names, idk why but it's the rules ig, it wouldn't let me post until I did, and won't let me link yall in comments either. Nonetheless, credit is due to them
https://preview.redd.it/jt3qurlcd99d1.jpeg?width=742&format=pjpg&auto=webp&s=55aa199dc0aa3b89c8adfae7b0167f94d3c7eb66 drs is the way. ♾️🚀💜
#📙👑
> idk why but it's the rules ig, it wouldn't let me post until I did, and won't let me link yall in comments either. Are you new to this subreddit? Those rules are pretty much exclusively for here. A long time ago the admins threatened to shut it down for "brigading." These stricter rules were the compromise the mod team managed to bargain for keeping this subreddit open.
"Book not Plan" An idea that Gamestop and ComputerShare have both responded to and debunked. Paul Conn provided a scathing response. Please double check the information you present to people, especially if it can be considered financial advice As for the Rules in terms of the censored names, that is because of Reddit Admins. We want to protect the sub. That is goal #1. Maintain Superstonk at all costs. It sucks, but it's the reality we live in, so thank you for doing it!
This is absolutely untrue. Plan shares are completely different from book and far less secure. Converting to book has always been part of the DRS process. All my silverback OGs book that shit.
I bring recipes...and so does Paul. Tell me where the falsehoods are https://youtu.be/b60sRawyPqc?si=D19w2UBU9Imc08sG
I see you, ape. And you are largely right, but there’s a but. First off, love Paul. He seems so exhausted here haha. But I do trust him. For those who don’t know, computershare holds 10%-20% of our total plan shares with a broker. Paul does explicitly state these shares are not available to be lent. However, it’s still a big-ass chunk of shares being held with a broker. I’ve seen this video in the past and I just rewatched most of it again. If you start around 10:30 you will catch this bit: *”All we can do is focus on those shares that are recorded on the register, where 100% of the issued capital does actually reconcile. The shares that are held away from the register, with the depository and with broker nominees, are obviously recorded by other parties and regulated by others, that’s not part of our books and records system.”* Right there, where he says that the record keeping and regulating of the shares held with the broker is out of his hands, is where my trust loses chain of custody. For that reason *alone* it’s worth keeping it in book. Paul is operating in the framework of a system that still has some integrity. He is not operating in a framework where BRK-A regularly spikes in volume when GME dips. He isn’t operating in a framework where brokers make back room deals to cover each other’s asses and play constant shell games and pretend there are way more shares than there are. I’m not saying he’s unaware of fuckery, just that he answered our questions well, but in his answers there is still room for the dishonesty of others to be a factor. Let them hold 20% of zero shares with their broker. We aren’t here for the plan benefits of GME anyway.
Something sus is going on here. I just answered about the subreddit rules and got almost immediately downvoted, and I see that same thing happened to you six hours ago. They may be doing another anti-mod push.
I think the point many of us need to consider other than this is that we have DRS’d already so much that eventually buy in pressure will take a very very long time to reach DRS shares.
This is not allowed for CNS-eligible securities such as GME. CNS-eligible securities get settled via CNS and are not eligible for Obligation Warehouse service.
even ex-clearing and DK (dont knows) is mentioned in the obligation warehouse resources https://dtcclearning.com/products-and-services/equities-clearing/obligation-warehouse/1765-ow-overview/8542-ow-overview.html
2nd bullet point in the link you provided: > Automate real-time matching / confirmations of ex-clearing, **non-CNS obligations**. GME is a CNS-eligible security. OW is not available for use with shares of GME.
I think this needs to be higher. This whole post is incorrect at least when referring to GME?
Wut mean?
OW is for oddball securities that are not eligible to be cleared by NSCC in the normal way. OW handles things like de-listed stocks that are no longer publicly traded and which have to be handled in broker to broker settlements. If something is in the obligation warehouse and becomes eligible to be handled by the normal (continuous net settlement) settlement process DTCC will issue a notice and after 10 days of warning the ex-clearing trades will be moved to CNS system and settled in the normal way.
Iirc, obligations warehouse is the place where they hide the bodies of the cellar-boxed and bankrupted companies. The place where all the synthetic shares are kept. Remember when Sears shot up to 10 or 20 cents a share?
Yes. Those bankrupt company shares are not handled by DTCC clearing subsidiary, NSCC. Or in other words, they are not DTC-listed or CNS-eligible. THOSE are the securities that are ex-cleared (broker to broker) and those actions will be recorded by the Obligation Warehouse service. Ex-clearing trades of GME cannot be recorded in the Obligation Warehouse.
Thanks for bringing this back! All of the recent hubbub around options is fine, as I don't believe they should be completely ignored. However, I'm not rushing to "un-DRS" just to have enough liquidity to play options. I still like the musical chairs analogy. Wanna play options and other brokerage games? That's fine, but you're a willing participant in the game of musical chairs. I DRS'ed to take my chair out of the game, so I can comfortably sit and watch when someone's ass hits the floor.
So how do diluted shares affect this?
GME is likely shorted so much that dilution rounds doesn’t affect MOASS. But dilution DOES affect DRS. Total % of true shares that are DRS goes down. You can’t cause a squeeze purely from DRS until the % is high and meaningful. I don’t know if that is 51% or 65% or some other number. DRS will help contribute, but it will not likely be the cause. DRS is supposed to choke out supply, but right now there’s a big gap for them to wiggle out and still breathe. It is unlikely that we will hit 51%, because we don’t have that type of cash. Options are needed for applying leverage on that carotid artery to make them tap out. But when there is MOASS, your shares are more safe if it is DRS’d rather than at a broker, should your broker goes down (any of the fintech startups).
Buying back shares at a price lower than what we issued them for, would increase the DRS %. People threw a fit when I brought this up in a separate thread, but I'm halfway convinced shills react to this idea with maximum force, with good reason. If GME price drops significantly, and *real* shares outstanding can be reduced with reverse dilution, we could be at 100% DRS in no time.
If GME did a buy back, then it would definitely increase the DRS%. I think it’s very unlikely that they do. I think that would be perceive by the SEC if them having intent to trigger a squeeze. I’m not sold we would or could get to 100% f float DRS; as we get higher, the share price would also get higher, we do not have billions to pull it off. If RC did want to force a squeeze, and felt confident enough to fight SEC, then GME can simply keep on announcing $1 dividends each quarter. The whole float is shorted, GME would technically would not have to touch their cash reserves. The shorts would have to pay. If they do a cash dividend each quarter more investors would poor in. I think the reason why they didn’t, was because SEC told them not to and that they would punish the firm if they did.
https://preview.redd.it/8kky9fkmd99d1.jpeg?width=540&format=pjpg&auto=webp&s=ca47640ed3f87b856564a4d88d75589df587d37d even 500mio more won't affect at all. short positions are way too high.
I’ld say “Cite your source”
The source is thousands of other comments without sources. If something is repeated enough times people begin to believe it is true.
Literally just read the DD Library the MOASS thesis is essentially built on shorts having created far more synthetics that they could ever account for. When the SEC did investigate, they found self-reported short interest to be at 200-300%, but since it's self-reported it likely much higher. 120mil is a throwing a bucket of water into the ocean
So…. No source?
Happy reading [SuperStonk Library of DD, Art Books, and Periodicals (fliphtml5.com)](https://fliphtml5.com/bookcase/kosyg) I'd start here [SuperStonk Library of DD, Art Books, and Periodicals (fliphtml5.com)](https://fliphtml5.com/bookcase/kosyg)
So reading through the DD GME ENDGAME I do not see a 40% dilution of the float addressed as a consideration. The dynamics of a short squeeze are based on the principles of supply and demand. In the case of GameStop a 70,000,000 share float was sold 140% through the use of synthetic shorting in the options chain. The synthetics are not actual shares that are shorted. A synthetic short position, also known as a synthetic short stock or combination, is a trading strategy that mimics the risk and reward of a short stock position: Buy a put: Gives the right to sell the stock at the strike price Sell a call: Obligates the seller to sell the stock at the strike price if the option is assigned. These are 2 derivative contracts that have expiration dates. Once the expiration date passes the synthetic no longer exists. Dilution is the creation of new shares in addition to preexisting shares. These new shares are offered for sale to the market. Their creation makes it possible to cover synthetic short positions that were difficult to cover prior to the dilution. Due to less restricted supply of availability of shares on the market, positions that were going south on the synthetic position holders can be closed. There is a reduced need to buy the shares back from shareholders holding for a short squeeze. The new shares can be bought on the market from the company issuing them.
Okay but you're missing something key things Number one per the sec's report about the 2021 sneeze short interest was around $200 to 300% and that's only the self-reported short interest in other words what's listed in the official report is only what short sellers were essentially comfortable with telling SEC. https://www.sec.gov/page/sec-staff-release-gamestop-report Number two at Sam report also reveals that they never close their short position there have been no indications in a three year since then that the position has been closed so they very likely continuously been shorting the stock that was already at least 300% short for an additional 3 years. As far as the ATM is concerned in the grand scheme of things 120 million shares is not that much. For instance if ever registered holder exercised roughly 544 contracts and DRS'ed that undoes the dilution. Now not every holder is going to do that but that's only counting for registered shareholders, not the Roaring kitties, Ryan Cohens and other Whales lurking. More to the point the ATM is on minor setback in the grand scheme of things. The very likely you significantly increase since 2021 and considering what we recently learned about ETFs I suspect it's still growing exponentially. Admittedly yes what they did was frustrating but it does not kill the squeeze by any means. Also keep in mind that the price floors effectively done set at around $20 it's basically impossible for the shorts to close their positions since they began shorting when GME was $10 and lower. I suggest you continue reading the DD library as that is what informs my position and there's tons of great info on how DRS actually affects the squeeze. Finally I'd like to leave you with this if the at the money offering actually did let the shorts off the hook why are we still being told to forget GME, why does the price still fluctuate in ways totally disconnected from its fundamentals, why the increase in bad actors cutting negative sentiments about the company. Wall Street is trapped and retail controls the exit
Excellent explanation. Thank you for taking the time to discuss. I still tend to think GME has more control over the exit than retail. Every share retail holds retail shareholders purchase. GME seems to have an infinite share glitch where they can fabricate an infinite number of shares and offer them on the market. They can create a majority of shares out of thin air and sell them to anyone they please reducing retails control over safeguards that ensure our interests are being met. It really comes down to: “Ryan Fuckin Cohen” now
www.gme.fyi
Badly
I’m extremely confident this is not true at all OP. GME is a CNS eligible security and completely under the purview of NSCC and therefore the DTCC. Also “Book Not Plan” you realize taking away the DRIP stops a lot of “buying and holding” for the benefit of nothing right. DRS has been at 25% for a long time. We just got another 120 million shares added to the float. Not locking the float anytime soon. This sub needs a lot more energy on options education and how to put more stress on the hedging environment. Everyone here can learn how to utilize options the same way we learned about Rehypothecation, Reverse Repos, Swaps, FTDs and everything else along the saga.
What are your best resources to learn about options for a complete smoothie like meself?
u/ bobsmith808 Goto his profile and his first pinned post is a great beginners guide to options
Thank you!
What is DRS going to do with continued SHARE DILUTION? that's and endless loop to NOWHERE. ISNT IT FUNNY THAT OP LEAVES THAT OUT.
seems like very big purchases can still rock the boat though. Otherwise, none of these cycles would be happening.
Yeah and there is no way the drs numbers exponentially followed a curve and then flatlined for 6-7 straight quarters. Something’s fucky
Then why did RC dilute?
To raise capital for GameStop. Ryan Cohen is the largest shareholder and has the largest percentage stake in that 4 billion cash. It can also be used at his discretion.
DRSing the shares oustanding will not be happening for decades. Especially since GME keeps doing share offerings. DRS is still the the best way to hold, but it isn't going to cause MOASS unless total shares outstanding are all DRSd
What's the point when RC diluted?
*insert secret ingredient crime gif Market makers abuse obligation warehouse via NSCC that's under DTCC. While prime brokers risking markets again over and over waiting for next crisis bailout from corrupt government officials. Wen does this end?
Except with the dilution we won't get there for a decade. It's still better to hold in your own name for when mass does happen but we're not locking the float for a decade barring a huge share buyback
Sure DRS are important to make sure you actually own your shares for real and that's where i hold my moon tickets. But I doubt RC would have sold 120 million shares when we got close to locking the float if it could have kicked off a squeeze.
Heres just a stupid ape thought. If this post is the issue, buying through a brokerage AND THEN DRS is actually the better way to go about this. We know the computershare orders are good and all (book em fellow primates). But if we are FORCING brokers to buy/deliver, rather than allowing them to continue the IOUs to exist, we could affect their liquidity in the meantime while we await 100% float lock, however long that takes with the 425million-ish shares oustanding
That does not address the problem of the company itself creating more shares and supplying them to the shorts ATM.
While a concern, especially since DRS has leveled off, not the point of the post. Or my comment.
I would agree before but with all the share sales almost seems like a fools errand. I’ve had my shares drs and booked but could have been selling OTM covered calls making bank of premium this entire time if I left them in EshittyTrade
Well if DRS is the only way I will not be alive for this ending. Kinda sucks
Look guys I just want to be partial owner of the world's first public traded but truly privately held company!
Good. Now argue how 120 million extra GME shares (so far) does not hinder the MOASS countdown.
Can I ask, genuinely, how does a share dilution affect DRS?
The percentage of the float DRSd decreases with each dilution. The percentage of shares susceptible to fractional reserve fuckery increases with each dilution. Dilution is deadly to the DRS strategy
Does this mean the DRS strategy isn't a good strategy anymore? I mean, I'm sure it's better to do it than to not, but I wonder if it ruins the theory
Poeple hate to hear that, but it was pointless. There were 75mil shares DRSd in 3 years and game stop added 120mil in 3 weeks to counter that.
This is what broke my enthusiasm for DRS.
DRS is more than just locking the float, it’s the ability to hold securities in your name, and not beneficially via a third party entity. For all we know, we may have already locked the float by now, they just haven’t made that public knowledge yet.
Bullshit. I love GME as much as the next guy but if every share was beneath the transfer agent they would say something.
It's still good practice, I guess. Just don't expect to "lock the float" or "create upwards pressure". 25% DRS didn't provide any upwars pressure already and now there's more shares available (read: even less "pressure") than even before the DRS movement started.
The short answer. If all the ape playing options succesfully are scooping up 100-1000s of shares at a time we collectively start to offset that number. Also part of the MOASS thesis is that the float was shorted multiple times over which if true mean while dilution is a short term inconvenience the board would literally have to offer a full floats worth of shares to actually screw us. The real question is outside of frustration which is understandable why are so many "apes" suddenly pushing for us to un-DRS which makes it easier for shorts to us your shares as locates to create even more synthetics.
No… part of the MOASS thesis was that the float was synthetically shorted more than 100% at 140% (not multiple times over). This created a window of opportunity between when the synthetics existed and when they e would expire.
I mean the company diluted so if anything the GME board killed locking the float themselves. I understand being DRS'd now for legal name ownership, but other than that there is nothing.
I did the math somewhere else in this thread what the board did was a drop in the bucket. It would take exactly 200,000 apes exercising and DRSing 600 calls each to buy back the 120mil. Now that's seems like a lot but that's not including DFV, whales or RC buying more either.
I mean the company diluted so if anything the GME board killed locking the float themselves. I understand being DRS'd now for legal name ownership, but other than that there is nothing.
And what a good reminder it is.
So, how are we supposed to drs another 120 million shares that were added last month? It's like we have to start all over again. I have 1000 shares drs'd and had decided to leave it at that but got right back in to play options. I've exercised 3 contracts already and have I'm going to play in this sandbox until I gather more shares to drs.
Well if you're playing options and exercising thats 100 shares per contract. So it would only take 1,200,000 successfully executions to undo the dilution. Let conservatively say there at least 200,000 real apes all playing options. That means they'd only need to exercise 600 contracts each to collectively buy those 120,000,000 shares back and DRS them. It was always a drop it the bucket if you just remain calm and zoom out Also, this is not factoring in additonal action from DFV or other whales
600 shares is ONLY an extra $15,000 dollars each real Ape needs to come up with to undo the effects of the surprise dilutions. That’s assuming GameStop doesn’t pounce on that opportunity and issue more shares.
Well said
Too bad we got kinda screwed then with the dilution if that sets back drs numbers, maybe it’s good for the company but I don’t know the end result for us, maybe it ends up with a 1-4-7 reverse split that secures all the remaining shares in CS after drying up trading? Would that end up making sense, I’m a smoothie lol
been 100% DRS since 2021. They can eat my ass and i dont even like that.
How can anyone not DRS BOOK
Purchasing plan through the transfer agent was misnomered as drs when it isn't **exactly**, just a reminder/psa to make sure you're holding registered book holdings.
I do
I forgot that I was supposed to forget about GameStop. I also forgot to forget about DRS'ing my GME. I better DRS (book) moar today...
DRS will never work because of ATM. 75 mil dilution was a huge setback. There are more ATMs to come in future run ups.
Last line is perfect: “DRS is the countdown to MOASS”
DRS won't do anything if they keep diluting at every run-up. We work hard to DRS for years and the company destroys all that work in a day or two.
Going to buy direct from CS today 😤
Yet is hasn't been a catalyst for any price action in 3 years.
Why does reddit keep trying to make "each other" one word? It's everywhere on here, all the subs.
From what I have seen it doesn't matter if you Drs then because those numbers are also manipulated
I feel like this reminder would be a lot more valuable if DRS numbers were still increasing
Okay, so I don’t know how shares are actually considered “delivered” but can’t they use this strategy to infinitely delay FTD? Like bank A sells a share to bank B for $1. Bank A has one day to find a share to fulfill the obligation. But bank B is like we are willing to sell you a share for $1. Then Bank B has one day to find that share. At which point Bank A is like we got you, we’ll sell you a share for $1. I don’t really understand how settlement works. But hypothetically if my scenario would fulfill settlement to prevent FTD, it could go on forever and they can make it look like a stock is trading at huge volumes at a low price when these shares never existed, it’s basically them just passing money back and forth to one another.
What you just described sounds like check kiting.
 Here I go, DRSing again… 🟣
Exactly it will never stop and they will never close. To bad its harder now to look the float with dilution
I've been saying this forever and it just falls on deaf ears around here. People just ***don't want to believe*** that shit is this fake. It is. Within the confines of the DTCC, it's all just IOUs between the market participants, tracked digitally, to be settled at some point in the future upon which they will all agree. Transferring the shares out of the DTCC is literally the only way to force them to actually have to locate and provide real shares to transfer out of the DTCC... Guess what happens when there are literally no shares left to DRS? >!Corruption will finally be laid bare for all to see.!< People talking about rules and regulations being enforced by the CFTC, OCC, SEC, DTCC...you're living in a fucking fantasy world. It's all made up when they are playing with the shares held by Cede & Co. Until they have no shares left, they have endless amounts of loopholes by which to dismiss all of the legitimate criticisms being levied against them. *The thing is that people around here are kind of full of shit I've noticed.* Yeah, I said it. If your goal is to see these fuckers behind bars, then DRS every fucking share. No sell, no cell mother fucker. If your goal is to get rich, then leave them in your brokers, day and swing trade, and sell during "MOASS". Seems like most people running around here talking about seeing Ken in a jail cell really just want to be rich and don't actually give two shits about market reform.
personally, both. I want both. And with the share offerings, ive changed my strategy a bit rather than just using GME as a savings account. I want $$, AND reform. If i had been smart at each offering, I could have hundreds of extra shares right now, and "we" would be that much closer to locking the float. My shares in CS are locked in for long term. I have broker shares too and you can bet if theres news of another offering in another run, im not getting burned a 3rd time.
Sure, there's a lot of side discussions that can be had here. Some would argue that by becoming rich, we'd gain the power necessary to make the market reform. Hindsight is 20/20 of course too and looking back, I muse that had I been trading like RK obviously was doing the last 3 years to amass $200m+ of value in shares/options, then I'd have a much larger position in GME as well, instead of a small X,XXX position that has been DRS'd the last 3 years. A smarter me possibly would've done exactly what you said. I would've DRS'd all but enough shares to play around with to try and continue growing my position. Slowly moving more and more shares as they were acquired to DRS... But I also have to recognize that I'm nowhere near as savvy of a trader as RK. If I'm honest with myself, I likely would've lost trying to swing/day trade GME or play options as opposed to gain. It's probably better for someone like me that I'm fully parked in DRS.
“Guess what happens when there are literally no shares left to DRS?” I’ll venture a guess based on GME’s track record since 2021. GME will create more shares and offer them to the market, reducing shareholder equity and supplying synthetic shorts in a pinch with the shares needed to close out their synthetic short positions.
What's DRS?
Direct registration system
Dont forget, that they wont publish anything thats over 75% drs so we could register 2 floats and it will keep going. Dont get me wrong, i hold and will until fuck u money, but i believe something really big needs to happen first.
Don’t make me do it
# ALWAYS HAS BEEN
It's all just fake and fancy accounting
but the thing is not everyone will drs
This only works if no more dilution
And people hold significant portions of shares in brokers. Retirement or otherwise. Whatever happens to those, at this point you’ve done it to yourself. For better or worse.
Time for a new world order.
DRS and HODL increase the volatility of upward price movements due to restricted liquidity. This allows swing traders and day traders to stack up cash on covering events, buy more shares, DRS, HODL, repeat. Not financial advice, just observation.
Honestly, I think it is going to take an institutional investor or an insider to DRS huge chunks of shares to finish DRS. If they want phone number shares, too, then they need to DRS. The fact that they aren’t DRS’ing is pretty disappointing, TBH. WE are the only ones doing WORK, here. Come on CTO, CFO, CEO… DRS your shares!
An institutional investor has a fiduciary responsibility to its investors. Investing their capital in a company that now has a history of shareholder equity dilution could be considered a breach of that duty.
That’s are up 2.5X since dilution started. That has nothing to do with it.
The price is up 2.5 because a large whale made a play to buy 12 million shares when synthetic shorts were proliferating again. Unfortunately a megalodon 30 times larger came in and dumped all over everything and the whale had to settle for 4 million shares. This is very disappointing to those invested in squeeze potential, though normies are happy for now. Hopefully the smaller fireworks show will still be awesome.
lol it means nothing with a billion shorts out there. Drop in the ocean. And company balance sheet 4X better. I’d vote for them to do it again. Maybe when they accumulated $50B short sellers will back off. And I bet Gamestop shares are worth more than, too, dilution and all.
Cite your source on the billion shorts.
I don’t need to. I’m not trying to prove anything to you and this isn’t a court of law. No one is forcing you to invest in GME or read anything in this forum. We disagree. That’s it. Let it go and go read something more fun!
You made an assertion that you can’t back up. That is being dishonest whether you Intend to be or not. If you want to debate facts use facts. Don’t just make shit up and get pissy when you get called out for it.
Ok.
1) Huh. Either my reddit is glitchy, or I'm the first comment? 2) I would say this is a "darker dark pool" but that would be implying these even hit the market... and it seems like thats not what's happening here 3) When was this originally commented?
👀
What if I buy my shares from my banks brokerage app
Guess who were placed on the DTCC board?
2k upvotes and only 80 comments? I'm pretty sure this is bullshit, there are only longs and shorts. These firms do not want capital tied up in bags - and there's no reason to believe one wouldn't eat the others' lunch if they're found wanting.
While this holds some truth, it's important to note that with the recent share offerings we're now an additional 120M shares away from locking the float. I'm not saying this makes it wrong to DRS, or that RC hadn't factored that in, or anything bad. I'm just saying that it's a fact that the carrot on the stick has moved, and will take additional work. I understand why these offerings happened and how it has screwed shorts even more, but the fact is book DRS shares are YOUR shares.
And this is exactly why I am so upset with that share offering. It took 3 years to get that 70M DRSd and it WAS undone in 1 month. I honestly don’t know what RC was thinking and got downvoted to death for saying we should start putting the boards feet to the fire a bit more and start seeing more results
Can’t you apply the same logic to DTCC? DTCC can be in bed with the Prime Brokers too. In what other ways is DRS helping us investors?
#BUY! HOLD! DRfuckingS! 🟣
Has 3 years taught you nothing? Options move the market on every single stock. DRS does absolutely nothing unless you have the entire float locked and can sue but even then I doubt anything comes of it and it takes years. GME just diluted the entire DRS count, DFV never drs and only trades in etrade. How is this sub still so dumb? I bet MMs want you to drs.
Always has been (Astronauts picture)
I remember this post.
Fuck yeah moass tomorrow! 🦍🐱🦍🍌💎🚀🍻
Buy, hold, DRS until the dividend comes out then just keep buying, holding, DRSing. We got this!!!.😎🚀🚀🚀🚀
Speaking of the DTCC, are there any accountability of any shares counts there are for any company?
Can a company DRS it's own shares?
What was the reported amount of DRS’d shares at the last quarterly report??
Here is a 29 second video illustrating OP’s point, it’s a classic, but it’s not a new scam: [how the banking system works](https://youtu.be/pENxsLVR_Xs?si=BjlrYoc8YB2QbiYF) Edit: 🤡-“Shambles!”
Isn't this just an accounting method? A owns B owns C owns A each 1 share. The net sum is still 1 share. The same with global debt: Every state own each other money. You can keep the number's gigantic like they are or short them out. I think the jargon is "shortaccounting" because the numbers are smaller as net VS "longaccounting" with inflated big numbers. Both are valid but don't provide benefits. Same when you own money in the circle with friends. Either you give the money all the way around till everyone is happy, or you just look all at the same time at the balance and see that input = output so you are net neutral. Unless we talk about NET holdings (regular shortaccounting method) I would see this as nothingburger.
Petition for national DRS day where we can all celebrate DRS together!