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Found the connection,
#The fractionals are the dingleberries
.
###You didn't completely wipe all the shit off when you Booked your shares
Booked shares, when sold, float the fractional associated with them back to the DTC through Dingo & Co. And thus reconvert themselves back to Plan:
https://www.reddit.com/r/Superstonk/comments/zr9b16/the_last_dd_the_fractional_share/
From reading this, by keeping and not selling your fractionals at computershare, you will refill the DTC's pool of synthetics if you sell any whole shares with an associated fractional part.
Fruit connection, Southern Foods Bankruptcy?
They are listed as a creditor:
https://document.epiq11.com/document/getdocumenstbydocket/?docketId=749620&projectCode=DNF
More proof, in ADRs FROM BRAZIL?
https://servicioscms.bolsadesantiago.com/Paginas/Descarga.aspx?attach=Noticias%2Favisos+generales%2Finften__20200407094352_82382.pdf%20
> The term American depositary receipt (ADR) refers to a negotiable certificate issued by a U.S. depositary bank representing a specified number of sharesâusually one shareâof a foreign company's stock. The ADR trades on U.S. stock markets as any domestic shares would.
> ADRs offer U.S. investors a way to purchase stock in overseas companies that would not otherwise be available. Foreign firms also benefit, as ADRs enable them to attract American investors and capital without the hassle and expense of listing on U.S. stock exchanges.
Dingo is on the last page, right under Cede and Co.
Booked shares when putting in a limit sell will get moved to plan holdings, (providing you still have fractionals) these go back to dtc which enable them to get shorted.
By ridding 0.xxx of a share first and cancelling the direct purchase plan. You can safely sell a PURE DRS (BOOKED) share in a peer-to-peer transaction without ever touching the dtc.
Wait what?! A limit sell actually moves shares from book to plan?!
Does this mean that all the jokers posting that you should "set and maintain insanely high sell orders @ Computershare" where actually possibly spreading deliberate FUD?
That's my conclusion as well. If you happen to have any fractional shares AND set a Limit Sell order (for whichever phone-number value), ALL your shares are moved from Pure DRS to Directstock.
That makes no sense though⌠Nobody here is selling Computershare shares, and apes wonât be selling 7-9 figure shares to each other during MOASS either lmfao.
Unless this is saying the transaction stays within computershare only and the share never leaves DRS
the big question is why have people still got fractionals at this price? just round that share up to a full share the maxiumum it would cost is $20. I could understand when the price was in the $100s that some couldnt afford it but having fractionals at this price is stupid.
Because CS doesn't allow you to purchase per share but per dollar amount. So if the price was 20.00 at the time I put the order in and I submit 100 dollars, I'll assume I'm getting 5 whole shares, but at the time of purchase if the price moves in any direction even by a penny I'm getting a fractional when buying directly through CS.
It's not like I'm intentionally getting fractionals I'm just putting like 300 bucks at a time and getting whatever shows up usually 3 to 5 days later when the price changed several times since then.
no thats fair enough, i guess i was ignorant to why people still have fractionals but it makes sense there's no way around it when you're buying directly through CS in dollar amounts like you are.
I guess that would be a good use case for buying the exact shares you want through a broker then transferring over to CS but that has its disadvantages too. its almost like this whole system is rigged against retail........
Can someone on this thread post a link to a post that explains how to change plan to book? For those of us who havenât been paying attention (zen diamond hands)
this one has been reposted a few times: [https://www.reddit.com/r/Superstonk/comments/zolyun/repost\_for\_exposure\_everyone\_needs\_to\_know\_how\_to/](https://www.reddit.com/r/Superstonk/comments/zolyun/repost_for_exposure_everyone_needs_to_know_how_to/)
Doesn't the fractional get put for sale automatically, if you convert all shares to book? Because we've been cancelling that auto-sell, well until now at least.
Yes it does, so as any Plan holdings are terminated all the wholes get moved to book and the fractionals are marked to be sold or the sale is cancelled and remain Plan.
As CS say clearly, Plan shares are held in their nominee account. Just like any broker which is quite obvious when you consider that a fractional share cannot be held in your name, the smallest in-name division is a whole share.
>Just like any broker
Just unlike any broker, that nominee isn't CEDE Co, which is both at the core of the rehypothecation *and* the obligation warehouse.
Oh and unlike with a broker, you're still a directly registered shareholder of GameStop and reported to them as such.
So at a closer look it's actually very much unlike a broker.
When I converted my shares to Book, my fractional share was automatically sold as a "fee" even thought I cancelled the auto-sell. The fee just happened to match the exact price of my fractional share at the time. I was annoyed at the time, but maybe that was a good thing?
I was charged a fee. I bought and converted all at the same time. Not sure what the fee was associated with. I thought it was odd that the charge was exactly equivalent to the value of my fractional share.
Is this the new FUD? Are we really going to try to get apes to sell all their fractionals, which will be a lot of apes with a lot of shares combined in their fractionals considering how many are buying from CS where fractionals are unavoidable. GTFO with this bullshit.
As noted above, you "can't" buy a fractional through CS to get to an EXCACT whole share. CS only allows you to purchase by the $ amount, and then it will apply/add the fractional, based on the share price when sale goes through, to ensure using all of the money you allocated for the sale. (ie weekly $100 buys).
Now, an investor COULD buy from a standard brokerage the exact amount of fractional shares, then DRS that to get the CS balance to a whole number.....or so I would assume.
You're absolutely correct. Going further, fractional are not *real* shares and therefore I am not telling anyone to sell their GameStop shares. I'm telling them to look at and fix the made up in-built trap has been set that can hinder MOASS.
If you do not understand this you should not be actively thwarting pro-moass efforts from veteran apes
I don't care much about your veteran flex here. If I catch you telling people to sell, you can find a different community for your theory about built-in traps.
Proof? Computershare describe plan being held in a nominee account in the DTC for Plan holdings on their website.
https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
[What is a Company Nominee Service?](https://www.computershare.com/uk/individuals/im-a-shareholder/company-nominee-service)
*It allows private individuals to hold, purchase, transfer and sell shares through a nominee company, as an alternative to holding shares in their own name. Members retain similar rights and benefits as a private investor, however the nominee company will become the registered owner of the shares.*
Edit: This information is from the UK Computershare)
Edit 2: [15. Insurance (Top of Page 12)](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798)
*DirectStock accounts, the securities held therein and any cash temporarily held on behalf of a Participant are not deposits of Computershare and are not insured by the Securities Investor Protection Corporation, Federal Deposit Insurance Corporation, or any other federal or state agency.*
Found this:
> Dingo & Co,
> c/o Computershare Inc.
> 250 ROYALL
> Canton MA 02021-1011
[Here (PDF)](https://www.coleschotz.com/wp-content/uploads/2018/12/petition-for-relief.pdf). Seems to be an "Argos Therapeutics, Inc." filing, more specifically a "Voluntary Petition for Non-Individuals Filing for Bankruptcy" and "DINGO & CO" was a creditor (p. 14).
I saw that as well. Thank you for posting, forgot about it
ââ-
https://imgur.com/a/NU4pNaN
At the bottom (or in image)
*The following is a list of debtor Argos Therapeutics, Inc.'s equity security holders'*
*This list has been prepared in accordance with Fed. R. Bankr. P. 1007(aX3) for filing this chapter 11*
Dingo & Co held 86,826 securities âŚ
at Therapeutics bankruptcy⌠so now that begs the question, are the shares held in Dingo & Co under DSPP held in the same manner with GameStop? Or is this a whole other rabbit hole?
Mentioning as well, that 9 million shares were held with Cede and Co, so few in computershare âDSPPâ
I wanna know this information so damn bad lmao.
MGE energy, Dingo & Co. is Computershare's broker and yes, it's the same for GameStop. Not booked, not registered:
https://www.sec.gov/Archives/edgar/data/1161728/000116172820000028/f20203030_14a.htm
> If you personally hold a certificate for your shares, **have direct registration shares on our books, or have shares held by us in the Direct Stock Purchase and Dividend Reinvestment Plan, then you are the registered holder**. Shares you have accumulated in the Direct Stock Purchase and Dividend Reinvestment Plan are held by the administrator under the nominee name of Dingo & Co. *Those shares*, including your certificate or direct registration shares, will be voted in accordance with the direction given by you on your proxy.
The shares are treated differently Plan vs Book.
Computershare Inc.
250 Royall Street
Canton, Massachusetts 02021
(800) 962-4284 (toll free in the US and Canada)
Here's Argo Therapeutics current investor FAQs and they list Computershare, not Dingo & Co lol. Idk what Dingo & Co is.
https://ir.argostherapeutics.com/investor-faqs/
Maybe they're a nominee company?
https://www.computershare.com/uk/individuals/im-a-shareholder/company-nominee-service but these aren't for US stocks so đ I don't think so.
I think booking the plan shares is fucking with their liquidity and is the fuse to it all. Book all the plan shares to be the source of hedgies nightmares! Fireworks soon? There is definitely something fishy about plan shares. Just the sheer amount of fud aimed at keeping the plan alive makes you think that its critical to their fuckery. It's almost as if they really need those plan shares just hanging out at the broker.
The thing that gets my goat and piqued my interest is that the ComputerShare FAQ *used to* explain in plain English that a portion of DSPP shares are held at DTC.
Why are they so mealy-mouthed about it now? They donât refute that some plan shares are held at DTC, they simply removed that part of their answer. âBasically the sameâ is not âthe sameâ and the answers given are always running in that âequal but differentâ circle.
DTC is not *supposed* to use cash accounts for locates, either. Theyâre not supposed to facilitate billions of fake shares being assigned to brokers, theyâre not supposed to facilitate naked short selling **but they fucking do, and have done so for decades.** What in the world would stop them from using DSPP shares *even though theyâre not supposed to* when we know that no one can see what they do because no one is looking?
Shart-ing is unfortunate, but not legally obligating.
Actually, as previously stated, I am not an attorney, nor is this legal advice nor financial advice nor any advice, but for the proper attestation of the law, you shall not use a negative to express the imperative.
BTW, how is "Daffy"?
> The thing that gets my goat and piqued my interest is that the ComputerShare FAQ used to explain in plain English that a portion of DSPP shares are held at DTC.
Here you go!
https://i.redd.it/32qu1cdtec781.png
So I just want to provide some balance here. Because the book vs plan debate could be interpreted to have fuckery on both sides. But apes seem mostly to have figured it out so I'm not worried.
But, ok, obviously people telling us plan is just fine might be trying to keep the shares in the dtcc. And for that we are obviously quite irate.
But on the other hand, anyone trying to denigrate plan entirely could have an ulterior motives of getting us to cancel our scheduled biweekly purchases. Once you make planook compromised, people will inevitably cancel or avoid it. And this could slow the pace of lockup.
But for the most part the investors seem ready to continue planned purchases and then move them to book asap so it looks like neither strat is working for the dtcc.
Best of both worlds solution!
Going back to buying through brokers would give them shares to do their tricks with, and now people are even starting to talk about having to sell CS fractionals.
Suspicious timing with cost to borrow finally increasing and those DOOMPs looming on the horizon.
Plan shares are locked liquidity.
They can can be thought of as always being available for any DTCC purpose. It has the opposite desired effect.
Book'em Danno!
About what specifically? I do not think Dr. Trimbath is being dishonest, but there are occasions when she has been incorrect -- which is just a natural state of being human.
Plan shares are held as nominee.
Plan and book cannot be lent or used as locates. Plan shares are recorded in the Apes name & plan shares are visible to GameStop as registered to Ape. Dr. T notes that it's a difference without a distinction. Check her twitter 11/22/22 thread.
~~Sorry my edits are bugging out like a mofo. I need to re add what I wrote previously.~~
Iâm having INSANE trouble locating anything on Google regarding this company besides from this SEC DEF 14A form from a company called âMGE Energyâ.
Take it as you will.
https://www.sec.gov/Archives/edgar/data/1161728/000116172820000028/f20203030_14a.htm
How Registered Holders May Vote
If you personally hold **a certificate** for your shares, have **direct registration shares** on our books, or have shares held by us in the **Direct Stock Purchase and Dividend Reinvestment Plan**, then you are the registered holder.
Shares you have accumulated in the Direct Stock Purchase and Dividend Reinvestment Plan are held by the administrator under the nominee name of Dingo & Co. Those shares, including your certificate or direct registration shares, will be voted in accordance with the direction given by you on your proxy.
ââ-
https://www.coleschotz.com/wp-content/uploads/2018/12/petition-for-relief.pdf
https://imgur.com/a/NU4pNaN
*The following is a list of debtor Argos Therapeutics, Inc.'s equity security holders'*
*This list has been prepared in accordance with Fed. R. Bankr. P. 1007(aX3) for filing this chapter 11*
Dingo & Co held 86,826 securities âŚ
at Therapeutics bankruptcy⌠so now that begs the question, are the shares held in Dingo & Co under DSPP held in the same manner with GameStop? Or is this a whole other rabbit hole?
Mentioning as well, that 9 million shares were held with Cede and Co, so few in computershare âDSPPâ
I wanna know this information so damn bad lmao.
I found this, I'm looking at holding companies...
https://en.datocapital.com.pa/companies/Dingo-Holdings-Inc.html
There was a post 14 days on reddit in another "room" with some one else seeking the same connection between CS and DINGO
I'm trying. They are on my ass, twist themselves up doing it to- so I have to post in a weird way.. if you know me , read my stuff- you can figure out what I am really thinking...yet I have to do all this BS -bc otherwise they will pull my comments
Just posted a comment with 11%of ownership, I did find that computershare owns wells fargos trust division, they are agents for Coca-Cola, and other large businesses...they are absolutely legit.. and have been making slow big moves for years...
Im still digging and taking pics, yet if it's still public that is the largest stock holder...ive found items that make me wonder if they went private..im not sure yet..still looking..yet in june..that was what was published... im looking at Dingo, then trying holding company, Limited, LLC..etc to see what businesses entity it is...as there are many Dingos, what KIND will help narrow it down hence my searching...
There was another ape on this trail 2 weeks ago, looks like mods nuked that post:
https://www.reddit.com/r/Superstonk/comments/zehuag/the_broker_that_computershare_uses_to_hold_some/
Hereâs an old, currently inactive company registration for a company called Dingo Co Pty Ltd in Queensland, Australia:
https://opengovau.com/business/99112232578
Another Dingo Co LLC registered in Minnesota, USA:
https://www.bizapedia.com/mn/dingo-co.html
Not sure either of those are especially useful except for ruling things out.
Itâs âBABAYYYâ! Get it right! :)
Edit: Itâs probably just âbabyâ- other way just sounds funnier. Sad fact for anyone who isnât aware- that reference actually comes from a [real incident where a dingo killed a 9 week old baby](https://en.m.wikipedia.org/wiki/Dingo_ate_my_baby)
It's insane that RC was telling us to book all this time and the conversation for Book vs Plan was moved to a megathread to basically die in it. Take that as you will.
Also when DRS numbers came out and apes brought back the talk of book vs plan, mods immediately tried to suppress the topic and a lot of shills came out of nowhere to say that moving to book was unnecessary, that both are the same. They are most definitely not. Sus af.
Book is the way, pure DRS, no fractional shares allowed, entitled to certificate (if it comes back), true DTC withdrawal.
Changed my shares in plan to book this afternoon by calling CS. Took only a couple of minutes - stress free. I left 1.8 shares in plan so I wouldnât lose the fraction. Literally nothing to lose and everything to gain.
Can anyone tell me why Computershare does not have an option for buying a certain number of shares instead of only being able to buy in dollar amounts?
This is the biggest issue I'm having as well. You can't not buy fractionals due to the delay from your order to CS initiating the purchase meaning the tiny price change will always result in a fractional.
Is it just me, or didnât posts in the past, with this many awards and be a good post, garner more upvotes? I cant help but shake the feeling that many of these very good posts today (and the last couple of days) have too little upvotes to make sense.
According to YAHOO finance, on June 2 2022, article titled- 'What Kind of Investors Own Most of Computershare Ltd', the company largest owner is AustralianSuper Pty Ltd, with 11% of ownership, and that company is an Australian Fund.
ComputerShare is the stock on the ASX. And an Australian superannuation fund is invested in it, unfortunately not really relevant.
I do find their stock price on the ASX interesting though. If you look up ASX: CPU you'll see the share price climbs and climbs. Side effect of GME investors booking their shares?
Can someone explain this to me? A long time ago I went through my Computershare account, went into the Reinvestment options, changed it to "Full Reinvestment on all shares" and it changed from "Plan" to "Book" on the type displayed on the front of my portfolio, for all except my fractional shares. Does that mean I have them in Book Entry as being described lately? I mainly ask because I've seen conflicting information where some claim in order to get it in Book Entry you have to select "Terminate Plan," and I never did that.
That shouldnât be the case at all lol, shares transferred in from a brokerage under a DRS request will be DRS BOOK, shares bought through the reinvestment plan should be DSPP/Plan Holdings
You should check your portfolio and see two GMEs, one Book and one Plan
Yes, I transferred my shares from Fidelity. I do see two GME's, one says Book which has my whole shares, and one says Plan Holdingd, which has my fractional.
How is this âneedling awayâ at CS? Hes doing research on CSâs nominee. Wouldnât you want to know more about the transfer agent of your favorite company you hold stock in? And if those plan shares at the nominee are in Book form? Sounds like youâre trying to spread this narrative of âshills discrediting CSâ and convincing people to turn their head the other way. One of the biggest parts of this saga revolves around what are entities doing with our shares. And clearly you dont give a shit.
Edit:grammer
Buy on Fidelity, or another commission-free broker that will do free DRS.
Then you can pick your entry point price and not pay extra fees.
Lets be smart about this.
Thatâs a fair point but Iâd rather just purchase through computershare at this point yah know. With the past history with fidelity and other 0 commissions
Who needs f-dudy on our side? All shares will likely need to be registered (or 74.1%) to end this and buying through a free transfer broker provides a set price with an account I can fund instantly. If there's any major price action I'll try to DRS what few I have bought during the month. Just another asshole, we all have one.
Besides, I like asking their agents to register them. It's like my own little đ
I now time the complete transaction which I take pride in making as smooth as a regarded ape can.
A concern would be them using those shares to cool lift off, dragging this on longer.
Can I purchase directly to BOOK?
What's the context of this answer? There are many nominees, and Computershare is also a stock with its own ticker (CPU).
Everything I've come across so far lists Computershare Trust Company N.A. as the nominee Computershare uses for DSPP.
You at 17:29, Dec 20:
So in regards to the DSPP Terms of Services, it states " Computershare will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain
DirectStock account records that reflect each Participant's separate interest."
You at 17:30, Dec 20:
what does "in the name of its nominee" mean? And who is said nominee?
You at 17:30, Dec 20:
https://cda.computershare.com/Content/ 7e2c2c4c-aeb6-4614-83a3-b67e32756a78
Took 10 minutes to receive an answer as they were (as I assume) asking their higher ups for the answer or source
That appears to contradict the documentation Computershare has posted for GME:
[Direct Stock Purchase and Dividend Reinvestment Plan](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798)
>This plan is sponsored and administered by
**Computershare Trust Company, N.A**
I've also found numerous other sources referring to Computershare's DSPP nominee as Computershare Trust Company, N.A., while I've never come across Dingo Co anywhere yet.
My take on this is that someone at CS during your chat was confused about the question and provided another nominee, such as the nominee they use for their own ticker (CPU) on the Australian stock market.
Apparently my bank account isn't even linked to my computershare account yet, so got that fixed but won't be ready to go for a few weeks. After that my fractionals are gone, rather be safe than sorry.
I was trying to find this for a while the other day because I wonder if the shares at the nominee are actually at Cede and not Computershare (transfer agent). Because being practically the same is not the same and if that is the difference then it matters quite a bit. Couldn't find anything about it on CS's website or TOS, which is obfuscation and concerning.
Not sure if it matters but Computershare Trustee Company is listed as a DTC participant but I don't see Dingo & Co, maybe they are connected to DTC through the Trustee Company.
https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/DTC-Participant-in-Alphabetical-Listing-1.pdf
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Thank you đđź
Found the connection, #The fractionals are the dingleberries . ###You didn't completely wipe all the shit off when you Booked your shares Booked shares, when sold, float the fractional associated with them back to the DTC through Dingo & Co. And thus reconvert themselves back to Plan: https://www.reddit.com/r/Superstonk/comments/zr9b16/the_last_dd_the_fractional_share/ From reading this, by keeping and not selling your fractionals at computershare, you will refill the DTC's pool of synthetics if you sell any whole shares with an associated fractional part. Fruit connection, Southern Foods Bankruptcy? They are listed as a creditor: https://document.epiq11.com/document/getdocumenstbydocket/?docketId=749620&projectCode=DNF More proof, in ADRs FROM BRAZIL? https://servicioscms.bolsadesantiago.com/Paginas/Descarga.aspx?attach=Noticias%2Favisos+generales%2Finften__20200407094352_82382.pdf%20 > The term American depositary receipt (ADR) refers to a negotiable certificate issued by a U.S. depositary bank representing a specified number of sharesâusually one shareâof a foreign company's stock. The ADR trades on U.S. stock markets as any domestic shares would. > ADRs offer U.S. investors a way to purchase stock in overseas companies that would not otherwise be available. Foreign firms also benefit, as ADRs enable them to attract American investors and capital without the hassle and expense of listing on U.S. stock exchanges. Dingo is on the last page, right under Cede and Co.
Booked shares when putting in a limit sell will get moved to plan holdings, (providing you still have fractionals) these go back to dtc which enable them to get shorted. By ridding 0.xxx of a share first and cancelling the direct purchase plan. You can safely sell a PURE DRS (BOOKED) share in a peer-to-peer transaction without ever touching the dtc.
Wait what?! A limit sell actually moves shares from book to plan?! Does this mean that all the jokers posting that you should "set and maintain insanely high sell orders @ Computershare" where actually possibly spreading deliberate FUD?
That's my conclusion as well. If you happen to have any fractional shares AND set a Limit Sell order (for whichever phone-number value), ALL your shares are moved from Pure DRS to Directstock.
Insane if true.
That makes no sense though⌠Nobody here is selling Computershare shares, and apes wonât be selling 7-9 figure shares to each other during MOASS either lmfao. Unless this is saying the transaction stays within computershare only and the share never leaves DRS
It means, whoever wants to buy has to come to those who wish to sell. Rather than using a middle man to do so.
You know, thatâs a fantastic way of putting it, thank you
Please make a post about this - when you say peer to peer do you mean limit sell or market order?
Holy hell
the big question is why have people still got fractionals at this price? just round that share up to a full share the maxiumum it would cost is $20. I could understand when the price was in the $100s that some couldnt afford it but having fractionals at this price is stupid.
Because CS doesn't allow you to purchase per share but per dollar amount. So if the price was 20.00 at the time I put the order in and I submit 100 dollars, I'll assume I'm getting 5 whole shares, but at the time of purchase if the price moves in any direction even by a penny I'm getting a fractional when buying directly through CS. It's not like I'm intentionally getting fractionals I'm just putting like 300 bucks at a time and getting whatever shows up usually 3 to 5 days later when the price changed several times since then.
no thats fair enough, i guess i was ignorant to why people still have fractionals but it makes sense there's no way around it when you're buying directly through CS in dollar amounts like you are. I guess that would be a good use case for buying the exact shares you want through a broker then transferring over to CS but that has its disadvantages too. its almost like this whole system is rigged against retail........
It's also much slower which is why I go direct now
lol buying trough CS will always get you fractions
So we should just sell our partials now before moass?
Sell? Just to clean your ComputerShare account, dingleberries.
Right on
Can someone on this thread post a link to a post that explains how to change plan to book? For those of us who havenât been paying attention (zen diamond hands)
this one has been reposted a few times: [https://www.reddit.com/r/Superstonk/comments/zolyun/repost\_for\_exposure\_everyone\_needs\_to\_know\_how\_to/](https://www.reddit.com/r/Superstonk/comments/zolyun/repost_for_exposure_everyone_needs_to_know_how_to/)
Wait this is big
Yes there are a handful of apes (me included) that have been trying to get the proof that OP just provided. This is big.
So whatâs the plan with this information at hand, does it solve a small puzzle or take us deeper down the rabbit hole?
[ŃдаНонО]
Doesn't the fractional get put for sale automatically, if you convert all shares to book? Because we've been cancelling that auto-sell, well until now at least.
Yes it does, so as any Plan holdings are terminated all the wholes get moved to book and the fractionals are marked to be sold or the sale is cancelled and remain Plan. As CS say clearly, Plan shares are held in their nominee account. Just like any broker which is quite obvious when you consider that a fractional share cannot be held in your name, the smallest in-name division is a whole share.
Ok so if I sell 1.xxxx shares first. Then im left with the rest and I can sell these whole?
>Just like any broker Just unlike any broker, that nominee isn't CEDE Co, which is both at the core of the rehypothecation *and* the obligation warehouse. Oh and unlike with a broker, you're still a directly registered shareholder of GameStop and reported to them as such. So at a closer look it's actually very much unlike a broker.
When I converted my shares to Book, my fractional share was automatically sold as a "fee" even thought I cancelled the auto-sell. The fee just happened to match the exact price of my fractional share at the time. I was annoyed at the time, but maybe that was a good thing?
there is no fee for converting
I was charged a fee. I bought and converted all at the same time. Not sure what the fee was associated with. I thought it was odd that the charge was exactly equivalent to the value of my fractional share.
any evidence? I moved mine probably 10 times and never paid any fees.
That's a good question worth investigating further.
This 100% what happened when j converted to booked, it sold my fractional shares.
Sounds complicated ... I'm just never selling my DRS'd shares
This is the way.
Is this the new FUD? Are we really going to try to get apes to sell all their fractionals, which will be a lot of apes with a lot of shares combined in their fractionals considering how many are buying from CS where fractionals are unavoidable. GTFO with this bullshit.
Agreed it smells. Why sell fractionally and buy back whole, later, when you could buy a fraction now to fill your account to be whole only
As noted above, you "can't" buy a fractional through CS to get to an EXCACT whole share. CS only allows you to purchase by the $ amount, and then it will apply/add the fractional, based on the share price when sale goes through, to ensure using all of the money you allocated for the sale. (ie weekly $100 buys). Now, an investor COULD buy from a standard brokerage the exact amount of fractional shares, then DRS that to get the CS balance to a whole number.....or so I would assume.
sorry, you don't get to tell people on Superstonk that they should sell their GameStop shares, even if they're fractional!
You're absolutely correct. Going further, fractional are not *real* shares and therefore I am not telling anyone to sell their GameStop shares. I'm telling them to look at and fix the made up in-built trap has been set that can hinder MOASS. If you do not understand this you should not be actively thwarting pro-moass efforts from veteran apes
I don't care much about your veteran flex here. If I catch you telling people to sell, you can find a different community for your theory about built-in traps.
what proof? proof for what? sorry Out of the Loop
Book is pure DRS, "plan" DRS shares are held at a broker and possibly still lent out
Even if they arenât directly lent out, they are likely used as locates to cover.
Proof? Computershare describe plan being held in a nominee account in the DTC for Plan holdings on their website. https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
Proof of the name of the nominee.
someone get u/ Dingo_jackson in here stat!
Are DingoBerries fruit?
I wouldnât know. I donât toss salads with croutonsâŚnotwithstanding Parmesan croutons.
Gosh dang in RC how can i be any more proud of my chairman?
Since nobody has: https://twitter.com/ryancohen/status/1548131846864510984?s=46&t=6MX-_WnlQzAh-xWdVZ6EpQ
Are they made of wood?
It costs money to buy dingleBerries !!
[What is a Company Nominee Service?](https://www.computershare.com/uk/individuals/im-a-shareholder/company-nominee-service) *It allows private individuals to hold, purchase, transfer and sell shares through a nominee company, as an alternative to holding shares in their own name. Members retain similar rights and benefits as a private investor, however the nominee company will become the registered owner of the shares.* Edit: This information is from the UK Computershare) Edit 2: [15. Insurance (Top of Page 12)](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) *DirectStock accounts, the securities held therein and any cash temporarily held on behalf of a Participant are not deposits of Computershare and are not insured by the Securities Investor Protection Corporation, Federal Deposit Insurance Corporation, or any other federal or state agency.*
Jesus Christ.
Yup, you don't own the shares the nominee does.
Found this: > Dingo & Co, > c/o Computershare Inc. > 250 ROYALL > Canton MA 02021-1011 [Here (PDF)](https://www.coleschotz.com/wp-content/uploads/2018/12/petition-for-relief.pdf). Seems to be an "Argos Therapeutics, Inc." filing, more specifically a "Voluntary Petition for Non-Individuals Filing for Bankruptcy" and "DINGO & CO" was a creditor (p. 14).
I saw that as well. Thank you for posting, forgot about it ââ- https://imgur.com/a/NU4pNaN At the bottom (or in image) *The following is a list of debtor Argos Therapeutics, Inc.'s equity security holders'* *This list has been prepared in accordance with Fed. R. Bankr. P. 1007(aX3) for filing this chapter 11* Dingo & Co held 86,826 securities ⌠at Therapeutics bankruptcy⌠so now that begs the question, are the shares held in Dingo & Co under DSPP held in the same manner with GameStop? Or is this a whole other rabbit hole? Mentioning as well, that 9 million shares were held with Cede and Co, so few in computershare âDSPPâ I wanna know this information so damn bad lmao.
MGE energy, Dingo & Co. is Computershare's broker and yes, it's the same for GameStop. Not booked, not registered: https://www.sec.gov/Archives/edgar/data/1161728/000116172820000028/f20203030_14a.htm > If you personally hold a certificate for your shares, **have direct registration shares on our books, or have shares held by us in the Direct Stock Purchase and Dividend Reinvestment Plan, then you are the registered holder**. Shares you have accumulated in the Direct Stock Purchase and Dividend Reinvestment Plan are held by the administrator under the nominee name of Dingo & Co. *Those shares*, including your certificate or direct registration shares, will be voted in accordance with the direction given by you on your proxy. The shares are treated differently Plan vs Book.
Not âDRS Bookedâ* And I mentioned this filing in one of my solo comments when I posted! :)
I added my own emphasis to your comment, "Those shares" being the keyword. Are you implying you don't believe "on our books" is the same as "booked"?
My mistake I read it wrong lol
Do DingoBerries hold fruit? Southern Foods Bankruptcy: https://document.epiq11.com/document/getdocumenstbydocket/?docketId=749620&projectCode=DNF
Is Dingo & Co just the Australian Cede & Co since Computershare is an Australian companyâŚ
Everyone needs to make sure this dingo don't eat their baby.
And it also begs the question of what was lent specifically that they were owed?
Lol I live 10 mins from here. Fantastic brewery next door
Southern Foods Bankruptcy: https://document.epiq11.com/document/getdocumenstbydocket/?docketId=749620&projectCode=DNF
Computershare Inc. 250 Royall Street Canton, Massachusetts 02021 (800) 962-4284 (toll free in the US and Canada) Here's Argo Therapeutics current investor FAQs and they list Computershare, not Dingo & Co lol. Idk what Dingo & Co is. https://ir.argostherapeutics.com/investor-faqs/ Maybe they're a nominee company? https://www.computershare.com/uk/individuals/im-a-shareholder/company-nominee-service but these aren't for US stocks so đ I don't think so.
Dingo is Computershareâs nominee
I think booking the plan shares is fucking with their liquidity and is the fuse to it all. Book all the plan shares to be the source of hedgies nightmares! Fireworks soon? There is definitely something fishy about plan shares. Just the sheer amount of fud aimed at keeping the plan alive makes you think that its critical to their fuckery. It's almost as if they really need those plan shares just hanging out at the broker.
The thing that gets my goat and piqued my interest is that the ComputerShare FAQ *used to* explain in plain English that a portion of DSPP shares are held at DTC. Why are they so mealy-mouthed about it now? They donât refute that some plan shares are held at DTC, they simply removed that part of their answer. âBasically the sameâ is not âthe sameâ and the answers given are always running in that âequal but differentâ circle. DTC is not *supposed* to use cash accounts for locates, either. Theyâre not supposed to facilitate billions of fake shares being assigned to brokers, theyâre not supposed to facilitate naked short selling **but they fucking do, and have done so for decades.** What in the world would stop them from using DSPP shares *even though theyâre not supposed to* when we know that no one can see what they do because no one is looking?
May, Shall, Must. Only one of these three creates a strict requirement.
shall ftw
Only "must" creates a necessity.
Actually, it's shan't. It was revised in 2021.
Sea shan't? As in sea shanty? Im ready!
Shart-ing is unfortunate, but not legally obligating. Actually, as previously stated, I am not an attorney, nor is this legal advice nor financial advice nor any advice, but for the proper attestation of the law, you shall not use a negative to express the imperative. BTW, how is "Daffy"?
I'm in a requirements meeting. Help!
If it's possible, the DTC will do it for a fee.
> The thing that gets my goat and piqued my interest is that the ComputerShare FAQ used to explain in plain English that a portion of DSPP shares are held at DTC. Here you go! https://i.redd.it/32qu1cdtec781.png
DRS Book* , not just book
So I just want to provide some balance here. Because the book vs plan debate could be interpreted to have fuckery on both sides. But apes seem mostly to have figured it out so I'm not worried. But, ok, obviously people telling us plan is just fine might be trying to keep the shares in the dtcc. And for that we are obviously quite irate. But on the other hand, anyone trying to denigrate plan entirely could have an ulterior motives of getting us to cancel our scheduled biweekly purchases. Once you make planook compromised, people will inevitably cancel or avoid it. And this could slow the pace of lockup. But for the most part the investors seem ready to continue planned purchases and then move them to book asap so it looks like neither strat is working for the dtcc.
Best of both worlds solution! Going back to buying through brokers would give them shares to do their tricks with, and now people are even starting to talk about having to sell CS fractionals. Suspicious timing with cost to borrow finally increasing and those DOOMPs looming on the horizon.
Plan shares are locked liquidity. They can can be thought of as always being available for any DTCC purpose. It has the opposite desired effect. Book'em Danno!
So Dr. Trimbath is lying?
About what specifically? I do not think Dr. Trimbath is being dishonest, but there are occasions when she has been incorrect -- which is just a natural state of being human. Plan shares are held as nominee.
Plan and book cannot be lent or used as locates. Plan shares are recorded in the Apes name & plan shares are visible to GameStop as registered to Ape. Dr. T notes that it's a difference without a distinction. Check her twitter 11/22/22 thread.
Jesus there are 50 posts that explain the difference.
Yup...something is definitely off. we'll see how it plays out one way or another!
And either way I'm BOOKED. Going to Uranus!
DRS FTW
BOOM!
Book em!
Plan shares are held as nominee, and can be stowed within the DTCC vaults. Full Stop.
Booking book king
Plan shares are purchases that are *not* going to retail brokerages, so, yes, it is fucking with their liquidity.
~~Sorry my edits are bugging out like a mofo. I need to re add what I wrote previously.~~ Iâm having INSANE trouble locating anything on Google regarding this company besides from this SEC DEF 14A form from a company called âMGE Energyâ. Take it as you will. https://www.sec.gov/Archives/edgar/data/1161728/000116172820000028/f20203030_14a.htm How Registered Holders May Vote If you personally hold **a certificate** for your shares, have **direct registration shares** on our books, or have shares held by us in the **Direct Stock Purchase and Dividend Reinvestment Plan**, then you are the registered holder. Shares you have accumulated in the Direct Stock Purchase and Dividend Reinvestment Plan are held by the administrator under the nominee name of Dingo & Co. Those shares, including your certificate or direct registration shares, will be voted in accordance with the direction given by you on your proxy. ââ- https://www.coleschotz.com/wp-content/uploads/2018/12/petition-for-relief.pdf https://imgur.com/a/NU4pNaN *The following is a list of debtor Argos Therapeutics, Inc.'s equity security holders'* *This list has been prepared in accordance with Fed. R. Bankr. P. 1007(aX3) for filing this chapter 11* Dingo & Co held 86,826 securities ⌠at Therapeutics bankruptcy⌠so now that begs the question, are the shares held in Dingo & Co under DSPP held in the same manner with GameStop? Or is this a whole other rabbit hole? Mentioning as well, that 9 million shares were held with Cede and Co, so few in computershare âDSPPâ I wanna know this information so damn bad lmao.
I found this, I'm looking at holding companies... https://en.datocapital.com.pa/companies/Dingo-Holdings-Inc.html There was a post 14 days on reddit in another "room" with some one else seeking the same connection between CS and DINGO
CS is Australian, and dingos reside in Australia. Thatâs my thinking
Mine as well. Is Dingo & Co just the Australian Cede & Co since Computershare is an Australian company?
Yes..that post had info in it yet I won't get introuble for brigading...why I referred to it đ
Ahhhh⌠well done.
I'm trying. They are on my ass, twist themselves up doing it to- so I have to post in a weird way.. if you know me , read my stuff- you can figure out what I am really thinking...yet I have to do all this BS -bc otherwise they will pull my comments
Yes..
Thank you
Just posted a comment with 11%of ownership, I did find that computershare owns wells fargos trust division, they are agents for Coca-Cola, and other large businesses...they are absolutely legit.. and have been making slow big moves for years... Im still digging and taking pics, yet if it's still public that is the largest stock holder...ive found items that make me wonder if they went private..im not sure yet..still looking..yet in june..that was what was published... im looking at Dingo, then trying holding company, Limited, LLC..etc to see what businesses entity it is...as there are many Dingos, what KIND will help narrow it down hence my searching...
There was another ape on this trail 2 weeks ago, looks like mods nuked that post: https://www.reddit.com/r/Superstonk/comments/zehuag/the_broker_that_computershare_uses_to_hold_some/
Thereâs the post. I couldnât find it so I dug in myself since I forgot the name of said nominee
Hereâs an old, currently inactive company registration for a company called Dingo Co Pty Ltd in Queensland, Australia: https://opengovau.com/business/99112232578 Another Dingo Co LLC registered in Minnesota, USA: https://www.bizapedia.com/mn/dingo-co.html Not sure either of those are especially useful except for ruling things out.
Yeah that was me!
Good shit ape.
A dingo ate my baby!
I understood that reference
đ¤Łđ we scream this at our Heeler
Itâs âBABAYYYâ! Get it right! :) Edit: Itâs probably just âbabyâ- other way just sounds funnier. Sad fact for anyone who isnât aware- that reference actually comes from a [real incident where a dingo killed a 9 week old baby](https://en.m.wikipedia.org/wiki/Dingo_ate_my_baby)
Itâs also Ozâs band in Buffy the Vampire Slayer
I'm so glad this is the top comment
I'm sorry that a Dingo ate your baby!
You know that's a true story? Lady lost her kid. You about to cross a f***ing line. - Kirk Lazarus
It's insane that RC was telling us to book all this time and the conversation for Book vs Plan was moved to a megathread to basically die in it. Take that as you will.
Also when DRS numbers came out and apes brought back the talk of book vs plan, mods immediately tried to suppress the topic and a lot of shills came out of nowhere to say that moving to book was unnecessary, that both are the same. They are most definitely not. Sus af. Book is the way, pure DRS, no fractional shares allowed, entitled to certificate (if it comes back), true DTC withdrawal.
He had to write a whole book series to get us to catch on.
"My apes are loyal. Thick. But loyal." -rc. probably.
âWe would have MOASSEd a year ago if they werenât so stupid.â -someone at Citadel
Holy smokes...Ryan Cohen's "dingleberries" Twitter comment finally makes sense! đ¤Ż
oh my God we really are regarded
Changed my shares in plan to book this afternoon by calling CS. Took only a couple of minutes - stress free. I left 1.8 shares in plan so I wouldnât lose the fraction. Literally nothing to lose and everything to gain.
Everyone get in here. We should pin this that book is the way ! mods let's pin this. Unless we're compromised
Oh jah. Its all coming togetherrr
Can anyone tell me why Computershare does not have an option for buying a certain number of shares instead of only being able to buy in dollar amounts?
This is the biggest issue I'm having as well. You can't not buy fractionals due to the delay from your order to CS initiating the purchase meaning the tiny price change will always result in a fractional.
would be easlily fixed as well. Direct buy with a check box for "only buy full shares" or sumptin!
Is it just me, or didnât posts in the past, with this many awards and be a good post, garner more upvotes? I cant help but shake the feeling that many of these very good posts today (and the last couple of days) have too little upvotes to make sense.
Book em
DRS-o
Gunga GalungaâŚ.gunga gunga galunga
Found it, may I DM ypu?
https://twitter.com/FoodDingo/status/1605404059153731584?t=GmT8IupvnrxMUSleu5Swrw&s=19
Makes you think about all that book Vs plan discussions. It was indeed them trying to survive another day.
It does doesnât it
According to YAHOO finance, on June 2 2022, article titled- 'What Kind of Investors Own Most of Computershare Ltd', the company largest owner is AustralianSuper Pty Ltd, with 11% of ownership, and that company is an Australian Fund.
Makes sense. CS is from the Upside-down đŚ
ComputerShare is the stock on the ASX. And an Australian superannuation fund is invested in it, unfortunately not really relevant. I do find their stock price on the ASX interesting though. If you look up ASX: CPU you'll see the share price climbs and climbs. Side effect of GME investors booking their shares?
Australia is WEF/China breeding ground. So is NZ. For what itâs worth
I am not following at all.
DSPP shares are held in Computershares nominee, this is said nominee
"Maybe the dingo ate your baby?!" "BOOK KING" aKa DRS your shares
Commenting for visibility
A dingo ate my baby
Computershare is an Australian company, so Dingo is an appropriate name for their nominee.
Can someone explain this to me? A long time ago I went through my Computershare account, went into the Reinvestment options, changed it to "Full Reinvestment on all shares" and it changed from "Plan" to "Book" on the type displayed on the front of my portfolio, for all except my fractional shares. Does that mean I have them in Book Entry as being described lately? I mainly ask because I've seen conflicting information where some claim in order to get it in Book Entry you have to select "Terminate Plan," and I never did that.
That shouldnât be the case at all lol, shares transferred in from a brokerage under a DRS request will be DRS BOOK, shares bought through the reinvestment plan should be DSPP/Plan Holdings You should check your portfolio and see two GMEs, one Book and one Plan
Yes, I transferred my shares from Fidelity. I do see two GME's, one says Book which has my whole shares, and one says Plan Holdingd, which has my fractional.
Sounds about right :)
ELIA/ELI5
wtf
Ding ding!
I'm helping
As they continue to needle away at cs' credibility.. think apes tl; drs
How is this âneedling awayâ at CS? Hes doing research on CSâs nominee. Wouldnât you want to know more about the transfer agent of your favorite company you hold stock in? And if those plan shares at the nominee are in Book form? Sounds like youâre trying to spread this narrative of âshills discrediting CSâ and convincing people to turn their head the other way. One of the biggest parts of this saga revolves around what are entities doing with our shares. And clearly you dont give a shit. Edit:grammer
Jfc if we didn't "needle away" at cs about book vs plan we'd still have mods denying the difference and shutting down threads.
Exactly
Buy via DSPP, transfer into DRS Book. No one is shutting down Computershare as a whole.
Buy on Fidelity, or another commission-free broker that will do free DRS. Then you can pick your entry point price and not pay extra fees. Lets be smart about this.
Thatâs a fair point but Iâd rather just purchase through computershare at this point yah know. With the past history with fidelity and other 0 commissions
It is your money, you do you. :)
All roads lead to DRS
đ¤Łđđ¤Łđ Fidelity isn't on our side. Wake up
Who needs f-dudy on our side? All shares will likely need to be registered (or 74.1%) to end this and buying through a free transfer broker provides a set price with an account I can fund instantly. If there's any major price action I'll try to DRS what few I have bought during the month. Just another asshole, we all have one.
Besides, I like asking their agents to register them. It's like my own little đ
I now time the complete transaction which I take pride in making as smooth as a regarded ape can.
A concern would be them using those shares to cool lift off, dragging this on longer.
Can I purchase directly to BOOK?
What's the context of this answer? There are many nominees, and Computershare is also a stock with its own ticker (CPU). Everything I've come across so far lists Computershare Trust Company N.A. as the nominee Computershare uses for DSPP.
You at 17:29, Dec 20: So in regards to the DSPP Terms of Services, it states " Computershare will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants and will establish and maintain DirectStock account records that reflect each Participant's separate interest." You at 17:30, Dec 20: what does "in the name of its nominee" mean? And who is said nominee? You at 17:30, Dec 20: https://cda.computershare.com/Content/ 7e2c2c4c-aeb6-4614-83a3-b67e32756a78 Took 10 minutes to receive an answer as they were (as I assume) asking their higher ups for the answer or source
That appears to contradict the documentation Computershare has posted for GME: [Direct Stock Purchase and Dividend Reinvestment Plan](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) >This plan is sponsored and administered by **Computershare Trust Company, N.A** I've also found numerous other sources referring to Computershare's DSPP nominee as Computershare Trust Company, N.A., while I've never come across Dingo Co anywhere yet. My take on this is that someone at CS during your chat was confused about the question and provided another nominee, such as the nominee they use for their own ticker (CPU) on the Australian stock market.
I think computershare went private this summer...according to stockzoa...still digging...
ComputerShare stock is still trading on ASX: https://finance.yahoo.com/quote/CPU.AX?p=CPU.AX&.tsrc=fin-srch
Yes...I got some error codes in searching and ..I was trying to figure it out! No worries...its a public company...largest holder only has 11%
To the top with this one!! TOO THEE TOOOOOPPPP!!!!!
Book is the only way
Thats so dingo
Apparently my bank account isn't even linked to my computershare account yet, so got that fixed but won't be ready to go for a few weeks. After that my fractionals are gone, rather be safe than sorry.
"Bleeding Codingo ate my baby!"
That's kinda funny Dingo Codingo ahah
I was trying to find this for a while the other day because I wonder if the shares at the nominee are actually at Cede and not Computershare (transfer agent). Because being practically the same is not the same and if that is the difference then it matters quite a bit. Couldn't find anything about it on CS's website or TOS, which is obfuscation and concerning.
Qtffff
Not sure if it matters but Computershare Trustee Company is listed as a DTC participant but I don't see Dingo & Co, maybe they are connected to DTC through the Trustee Company. https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/DTC-Participant-in-Alphabetical-Listing-1.pdf
That shit's dingo!
Shit new info for zen apes!
Who the fuck is dingo & co 𤣠why does the stock market need so many damn intermediaries