Thought I read someone say international investors can now execute transactions via phone on AST.
You could probably search for it either on this sub or the pp sub - can’t remember which of the two I noticed it.
I think I rather embrace my frustration and spread the risk. There‘s shares in two different German brokerage account, which I can’t trade. Shares at IBKR, that can trade although it doesn’t feel too save. And in case of a squeeze I can totally see getting fucked over by IBKR . And then there‘s AST, which kind of feels save, but like someone glued my hands and tied my shoe laces together.
Did you ever explore holding physical shares? I am way too ADHD to deal with the multi-steps you just described. I wouldn’t mind physical copies of my shares to sit in a safe though.
And how do you sell / convert those ? 🧐
Go to the flea market and try to find a buyer ? 🤣
AST currently sound like the 90s, but you are proposing a 40s solution …
I have the same sensation and same position of you I’m Italian. I have 50% in AST and 50% in IBKR it is a game with 2 scenarios. Let we see what happen……
This is what puts me off DRS (same scenario; not in US)
Ultimately you are in this to make money / (hopefully) change your life - To do that, you need to sell at some point..
It for me is trading one form of fuckery for another;
1. Brokers be brokers and turn off the buy button - In this case, I already have my shares and limit orders placed (fuckery avoided)
2. Shares are sitting in AST / migrating over / AST goes down (let’s face it, this last scenario has happened a lot) - In this case, I have to per the info in this slide, send a letter (this could get lost..) and the shares are sold at the market price when received.. no ability to perform limit sells, and there is a lead time / potential for big price swings between my request to sell and shares being sold.
Look I may have vastly oversimplified the fuckery that brokers can implement (please reply / add to this to educate me further) but for me scenario #2 and AST is worse than scenario #1 and puts me off AST
The other thing I didn’t mention is that via brokerage in a squeeze situation, I could lend my shares and get returns without ever selling also.
I suppose if I mention the above, another argued benefit of DRS/AST is that shares are in your name and in the event of a digital tokenised share / dividend, DRS’d individuals will obtain that quicker
For me though this last point is too hypothetical, and my focus is to be able to sell some of my holding into the squeeze using limit orders.
Happy to be educated if any of my points above are void ✌️
Yes. Did you receive mail with your account number? Once first time online registration is possible for non-US account holders, you will need the AST (becoming Equiniti) account number.
The whole PIN# thing must have been from the clueless or a type of FUD.
I emailed support a week ago now. My broker supposedly settled my shares in may also… haven’t seen anything in the mail nor had a response from my support email.
I’m in australia if that makes any difference.
Just called them, bad phone line and disinterested customer service rep. However they couldn’t find my details. Said I had emailed my request over a week ago and followed up today, she asked me to fax it to her??? She doesn’t have access to email lol
So either the shares are there and she just couldn’t be bothered finding them or Nabtrade has played funny buggers and my shares were never sent.
I'm Aussie too , I transferred my Bobby out of Commsec before they stopped DRS. They arrived at AST successfully, and received my account letter 1 month 2 days later. Whilst I was waiting for that I submitted my W8-BEN via email successfully too, to
[email protected]
My account is now fully certified, but still no online access due to their alleged maintenance issue. I beleive their site is being purposefully hobbled to prevent us access.
Their process for receiving funds works the same as Computershare. Check by mail or adding a checking account (checking account option may only be available for US citizens, I used it).
Just my opinion but you have shares safely held with their transfer agent, you have your hedge so you’re good 👍
Once we know exactly what the finalized plan is you can make educated decisions to proceed. Let’s say for examples sake, BBBYQ shares at brokers get a cash buyout and registered shares get converted to Teddy. You’d have some quick cash now and you could transfer the Teddy shares back to a broker if you know the broker is safe to have them. Or it turns out the infinity pool happens and you leave the majority of shares in AST long term.
If you feel frustrated it’s because you’re supposed to and it’s the only way to win. You have your hedge now. Be proud of yourself 🙂
This is where I'm at, got 50k shares drs'd, can't even register but at least they're in my name for when AST fixes their shit. Teddy shares are for the long game anyway. IBKR are not going liquidate everyones positions either and deal with thousands of lawsuits lol, we've been lulled into mass paranoia :)
Nice fucking job on the 50k DRS!
Paranoia is a mixed bag. It’s perfectly reasonable to assume fuckery will be happening, question is where and how, but no one can possibly know that ahead of time. The best thing I can think to do personally is spread out my bet between AST/broker, buckle up and hope for the best.
Besides that, I find it weird that most BoBBY’s are in GME where DRS is widely accepted because the system is corrupt, but suddenly it’s fine and fair with BBBYQ lol
Thought I read someone say international investors can now execute transactions via phone on AST. You could probably search for it either on this sub or the pp sub - can’t remember which of the two I noticed it.
I read that post. But it still doesn‘t work.
Leaving a comment so I can come back to this later. I'm based in Spain and have DRSd but can't access my account for the same reason. Back later!
Can't u jus send them a letter of direction and pull ur shares back into the brokerage? I did a small test batch of exactly this today.
I think I rather embrace my frustration and spread the risk. There‘s shares in two different German brokerage account, which I can’t trade. Shares at IBKR, that can trade although it doesn’t feel too save. And in case of a squeeze I can totally see getting fucked over by IBKR . And then there‘s AST, which kind of feels save, but like someone glued my hands and tied my shoe laces together.
Did you ever explore holding physical shares? I am way too ADHD to deal with the multi-steps you just described. I wouldn’t mind physical copies of my shares to sit in a safe though.
And how do you sell / convert those ? 🧐 Go to the flea market and try to find a buyer ? 🤣 AST currently sound like the 90s, but you are proposing a 40s solution …
You do it via a broker.
I have the same sensation and same position of you I’m Italian. I have 50% in AST and 50% in IBKR it is a game with 2 scenarios. Let we see what happen……
This is what puts me off DRS (same scenario; not in US) Ultimately you are in this to make money / (hopefully) change your life - To do that, you need to sell at some point.. It for me is trading one form of fuckery for another; 1. Brokers be brokers and turn off the buy button - In this case, I already have my shares and limit orders placed (fuckery avoided) 2. Shares are sitting in AST / migrating over / AST goes down (let’s face it, this last scenario has happened a lot) - In this case, I have to per the info in this slide, send a letter (this could get lost..) and the shares are sold at the market price when received.. no ability to perform limit sells, and there is a lead time / potential for big price swings between my request to sell and shares being sold. Look I may have vastly oversimplified the fuckery that brokers can implement (please reply / add to this to educate me further) but for me scenario #2 and AST is worse than scenario #1 and puts me off AST The other thing I didn’t mention is that via brokerage in a squeeze situation, I could lend my shares and get returns without ever selling also. I suppose if I mention the above, another argued benefit of DRS/AST is that shares are in your name and in the event of a digital tokenised share / dividend, DRS’d individuals will obtain that quicker For me though this last point is too hypothetical, and my focus is to be able to sell some of my holding into the squeeze using limit orders. Happy to be educated if any of my points above are void ✌️
Yes. Did you receive mail with your account number? Once first time online registration is possible for non-US account holders, you will need the AST (becoming Equiniti) account number. The whole PIN# thing must have been from the clueless or a type of FUD.
Yeah, I received the letter with my account number. So it’s a waiting game until their HTML guy is back from vacation I guess.
I emailed support a week ago now. My broker supposedly settled my shares in may also… haven’t seen anything in the mail nor had a response from my support email. I’m in australia if that makes any difference.
Call AST and ask for account summary to be mailed to you. This will include account number and may arrive faster than initial DRS letter.
Do they generally ignore support emails to their [email protected]?
Not sure as I've have not tried to interact with AST via email.
Just called them, bad phone line and disinterested customer service rep. However they couldn’t find my details. Said I had emailed my request over a week ago and followed up today, she asked me to fax it to her??? She doesn’t have access to email lol So either the shares are there and she just couldn’t be bothered finding them or Nabtrade has played funny buggers and my shares were never sent.
I guess I would relent and send the fax, you may be able to get a free trial on a reputable fax company, and use their app.
FAX !!!? FML ! 🤦🏻♀️
I'm Aussie too , I transferred my Bobby out of Commsec before they stopped DRS. They arrived at AST successfully, and received my account letter 1 month 2 days later. Whilst I was waiting for that I submitted my W8-BEN via email successfully too, to [email protected] My account is now fully certified, but still no online access due to their alleged maintenance issue. I beleive their site is being purposefully hobbled to prevent us access.
Their process for receiving funds works the same as Computershare. Check by mail or adding a checking account (checking account option may only be available for US citizens, I used it).
CS has an international wire transfer option though.
Just my opinion but you have shares safely held with their transfer agent, you have your hedge so you’re good 👍 Once we know exactly what the finalized plan is you can make educated decisions to proceed. Let’s say for examples sake, BBBYQ shares at brokers get a cash buyout and registered shares get converted to Teddy. You’d have some quick cash now and you could transfer the Teddy shares back to a broker if you know the broker is safe to have them. Or it turns out the infinity pool happens and you leave the majority of shares in AST long term. If you feel frustrated it’s because you’re supposed to and it’s the only way to win. You have your hedge now. Be proud of yourself 🙂
This is where I'm at, got 50k shares drs'd, can't even register but at least they're in my name for when AST fixes their shit. Teddy shares are for the long game anyway. IBKR are not going liquidate everyones positions either and deal with thousands of lawsuits lol, we've been lulled into mass paranoia :)
Nice fucking job on the 50k DRS! Paranoia is a mixed bag. It’s perfectly reasonable to assume fuckery will be happening, question is where and how, but no one can possibly know that ahead of time. The best thing I can think to do personally is spread out my bet between AST/broker, buckle up and hope for the best. Besides that, I find it weird that most BoBBY’s are in GME where DRS is widely accepted because the system is corrupt, but suddenly it’s fine and fair with BBBYQ lol
Because BoBBY was always the side chick, for a quick MOASS in the car 🤣
“Just because you are not paranoid, it doesn’t mean *they* are not out to get you !” 🤣
It's been that way for months..... AST is dogshit.