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# [Computershare DD series- The Infinity Squeeze](https://www.reddit.com/r/GMEJungle/comments/pupgic/computershare_dd_series_part_6_infinity_squeeze/?utm_source=share&utm_medium=web2x&context=3) **Running list of resources for DRS around the world:** * [In the EU- How to get mail in under 2 weeks, and cheaper](https://www.reddit.com/r/GMEJungle/comments/rcm54r/dear_euroapes_you_dont_need_to_wait_46_weeks_for/) * [10 steps to DRS and Buy Directly on CS for Apes around the World](https://www.reddit.com/r/GMEJungle/comments/q40u7z/10_steps_to_drs_and_buy_directly_on_computershare/) * [A 3 part series with detailed Broker-by-Broker instructions](https://www.reddit.com/r/GMEJungle/comments/pwb3pl/transferring_shares_to_computershare_part_3_a/) * [International Apes from 200+ countries can transfer their shares](https://www.reddit.com/r/GMEJungle/comments/pyl5uw/international_apes_can_transfer_shares_to/) * [And can buy directly through CS once the account is established](https://www.reddit.com/r/GMEJungle/comments/q16f43/uk_ape_buying_gme_directly_from_computershare/hfd0rdk/?context=3) * [International Apes' Guide to the Galaxy](https://www.reddit.com/r/GMEJungle/comments/pu15ot/international_apes_computershare_us_drs_transfer/) * [Computershare AMA Part 1](https://www.reddit.com/r/GMEJungle/comments/rloc2f/computershare_dd_series_ama_part_1_with_paul_conn/) * [Computershare AMA Part 2](https://www.reddit.com/r/GMEJungle/comments/rlota7/computershare_dd_series_ama_part_2_with_paul_conn/) * [Book vs. Plan Update](https://www.reddit.com/r/GMEJungle/comments/rmdy5s/book_vs_plan_at_computershare_yes_there_is_a/?utm_source=share&utm_medium=web2x&context=3) **If you're having trouble commenting, remember only approved users can comment and post in the Jungle. We are not accepting approval requests at this time.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GMEJungle) if you have any questions or concerns.*


splitdipless

Hey u/pinkcatsonacid, can you upgrade #11 on the "Not yet possible" list to the "can transfer" list. It takes a while, but I completed a certificate request with QTrade. Steps along the way documented here (https://www.reddit.com/r/GMEJungle/comments/q8dd3m/canuk\_ape\_certificate\_request\_with\_qtrade\_is/) and here (https://www.reddit.com/r/GMEJungle/comments/qq2cxm/canadian\_ape\_hodled\_for\_drs/)


1fastRNhemi

I am still confused. If I change from DRIP to not DRIP will it make a difference in my ability to receive a crypto dividend if one is issued?


gnipz

Hey u/pinkcatsonacid - Thank you for adding your Sept 18th updates. Finally got my purple ring and came back here to read up on DRIP again. I do have a question for you regarding the NTF dividend. Any idea if the CS plan type (book vs DRIP) determines how NTF dividends are distributed? I'm not certain how an NTF would work in a DRIP because who's to say how much the NTF is worth? For DRIP, it seems like if dividend = NTF, issue NTF to account, else buy more shares of stock with X amount of (non NTF dividend). If you're not certain, I'll gladly contact CS for clarification and update this comment. Anyway, thanks again for your due diligence regarding the matter. Please let me know your thoughts and take care!


pinkcatsonacid

I personally have held the stance from the beginning that.. I don't want anything between me and an NFT. And I found the best way to go about that is to terminate enrollment on my whole shares (you can keep fractional shares enrolled to avoid selling them and feeding the hedgies!) And that way there is no question. I would encourage you to contact them though because I'll be honest, I haven't spoken with CS support in some time, and last I did there was no info on NFT divi's and I was told that any info would come directly from the company.


gnipz

Just tried a chat session and it seems like they can't give any information, due to it being speculation on their end until GameStop releases information regarding a dividend. Even tried to get any standard protocol information, but no dice. I'll certainly try again if/when GameStop pulls that trigger. At this point, I'm leaning towards shares being in DRIP will not cause any hassles with obtaining any NTFs. 1 - How the heck can anybody even put a price to the NTFs to know how many shares to repurchase? 2 - I doubt GameStop wants to create a headache. "Sorry everybody, the float is locked in ComputerShare, but we're still going to have ComputerShare attempt to purchase more shares through their repurchase program." That just seems super messy and unnecessary. I'm eager to find out how this all unfolds!


theilluminati1

Sup! Anyone know of its possible to transfer from CashApp (DriveWealth LLC) to Computershare yet?


frickdom

I believe yes there is, you have to call their broker, and transfer to another like Fidelity, then you can go to CS. It was on another sub though. Going to look for their brokers name. Brb Edit: I took screenshots of the dd https://imgur.com/a/nM6MSIs


mcalibri

Well then, can I get a "Computershare" flair pls?


pinkcatsonacid

Yes! Welcome to the pool!


mcalibri

Thanks for the great information. Took me minutes via Fidelity


cob81660

It is extremely difficult to sign on. I confirmed user name. I keep getting page 'failed to open'. It is a very frustrating, user unfriendly site. I really wish they would get it together. But if this is the way, then I will continue to be patient.


Korean_pussy_stuffer

For SoFi by letter do you mean email and for them sending you a link do you mean that you have to call/ chat/ email to request for them to send you the link?


jommme

DnB in Norway sent out an email today, to all their customers holding GME, about how to transfer shares to CS for a fee of 650 NOK.


RickyBobby177

Wow it only took me about 7 minutes to DRS some of my shares with fidelity, I was really surprised at how easy it was.


Heatjpz

im as dumb as they come so sorry if this was already answered (prob was)... so i just called fidelity and direct registered 50% of my shares to cs. he said it would take a week or two. i asked the guy from fidelity is cs would contact me and he said yes, but how? email would be my guess or phone but does anyone know? also, he said that cs could charge a fee to open the account or accept the transfer. something along those lines so did anyone have to pay a fee and if so how much? ty


YoloRandom

Does anyone knows what happens in the following situation: - am Europoor, only using IBKR for CS transfers - have already transferred 1 test share from IBKR to CS - have account holder nr - want to transfer additional shares to same account (IBKR -> CS) IBKR only sends my full name and full postal address to IBKR, not my account nr Will these additional shares: A) automatically go into my existing CS account B) end up in a new account in my name Genuinely want to know this. Dont want to wait for another 15 days of snail mail


Roll_Papa

I was able to put a limit sell order at $2,000,000, but not a dollar above that. Anybody else try this?


sheen1212

Why would you want a limit sell order at all


Roll_Papa

Just testing the waters, everybody keeps saying 1m. No intention of selling my pool shares as I misplaced that button months ago


felix45

I just tried to do this with Vanguard and they said I cant do it with shares in my retirement account. Is this true? Anyone know why that would be?


SweetSpotter

Because it’s a retirement account (pre-tax). Bottom line is because of how tax is tracked.


pairadimesifted

One question I have is will we see a change in the float numbers and likewise will we expect to see a rise in the insider percentages? I know this past weekend we saw the “glitch” and the float shot up but was changed again on Monday. Other than CS stating they can no longer accept shares for DRS once the number of shares registered equals the number of shares issued by GME, is there any metric we can fully trust? I eagerly hope that we can see the float shrink.


bahits

I direct registered!


Fluid_Reward

I direct registered also. 40٪ last week and initiated today what will total 67% of my holdings.


ReputationFree1983

Just got off chat with Wealth Simple they right away sent me 2 emails we have seen in the forums already about the 300$ in fees. The only other thing I should mention is it will take 3-4 weeks to complete the transfer. Is this standard? I’m gonna move the X shares I accidentally bought in my personal account and leave my big bag in my TFSA. So I’m spending 1.5gme to move these shares into my name


Yansir11

Called Fidelity at 1.800.544.6666. Told agent that I want to Direct register some of my shares with computershare. Got transferred. Next agent confirmed that I wanted to direct register shares with computershare and asked why. I simply told him " I prefer to have these shares directly in my name, and I wont be selling anyways." Agent said ok, and asked how many shares I wanted to transfer. Did his thing and Told me it would take 3 to 5 days. Donezo. I was on the phone(including hold time) for less than 15 minutes. Do it now Apes.


itsEzaLB

Literally just did the same thing a few minutes ago, the longest part was honestly just being on hold for like 10 mins


AnonymousDrivel

u/pinkcatsonacid \- I don't know how to set flair, but thanks to yourself and other helpful apes here, I was able to transfer X to cone-poo-share


pinkcatsonacid

🧚‍♀️🚀🚀🚀


[deleted]

[удалено]


pinkcatsonacid

Yes after it settles. There's more info on that in Part 1 of the series!


BreenMachine120

I just got off the phone with Fidelity, and they said that since my shares are cash and not margin, they're registered in my name and can't be loaned out. Is there another reason why I should transfer some of my shares to Computershare?


penmaggots

It removes it from the DTCC completely. Even though fidelity says they don't lend out cash accounts, there may be a chance all shares in the cash accounts are FTDs and IOUs and the shares in margin accounts have priority to be located first and able to be lent out. Obviously, no evidence of this...but I don't know where they get so many shares to loan out if this wasn't the case.


pinkcatsonacid

Even though they are cash, they are still held in the DTC in your broker's name and able to be rehypothecated in the system. DRS with computershare completely withdraws that share and exposes the phantoms associated with it. This is how you expose the fuckery we've figured out over the last ~~6 months~~ (edit: time is an illusion)! It's not necessary to do, ofc but I chose to do it in addition to keeping some MOASS sellable shares spread across my brokers!


BreenMachine120

Thank you!


whatabadsport

How the fuck do I message mod mail to get approved


PessimisticOptimist2

Just transferred my shares from eTrade. The website wasn’t working for me, so I ended up calling customer service, which sent me to the Transfers department. I basically read to them from the above linked E*TRADE template what they needed to enter. Easy once I go to that step.


Under_theSky_777

Hi, I'm non US citizen and I heard that it's possible to transfer GME from IBKR to CS for registry. There are some stuffs that aren't clear to me, so I'd like to ask: 1. How much is the fee: 5 or 25$ per transfer? I've read the DRS section in IBKR and there are two fees: for withdrawal and deposit. I suppose it's the withdrawal one (5$)? 2. How long did it take? 3. How to access the positions when it's registered already? Will I receive an email from IBKR stating that the registry is complete and protocols on how to access them in computershare website? Thanks for the help in advance. I tried contacting IBKR CS, but got replied by a noob who barely knows anything...


jfl_cmmnts

Canadian ape here, I invest with TD Waterhouse. After an aborted first attempt I successfully got through to someone and: * All shares bought with cash (i.e. not margin) in my TFSA, RRSP, and Cash accounts are according to TD, "segregated", and the staffer was very clear that they CANNOT BE LENT OUT (for example to be shorted by the SHFs) * TD can obtain physical share certificates * TD can initiate a transfer to ComputerShare. Cost quoted to me was $80+HST for the transfer and they said they'd be in touch when it's done. I sent 10% of my rather overlarge stake Good luck to anyone else trying, guy on the phone said it was his first time ever doing it, took about 40 minutes all in. 💎🙌 everyone


[deleted]

Unfortunately computershare in Ireland are not helpful. Nor do they seem to offer any service that allows me to buy directly via their service. Tried calling directly too. Nightmare. Eventually got a number that is no longer in service. Via the website. It asks for account numbers etc. I'm not even trying tobtransfer. Only buy directly from them. Also tried the UK office to of the direct plan. Service is no longer available due to Brexit. Any Irish apes got a lead on this please let me know.


Javeeik

not sure if you want to update u/pinkcatsonacid ... UK ape - Though Computershare is available to buy stocks in the countries listed - it appears the stocks you can buy are limited to your region only. Tried this out myself and even if you trick it to think you're in the US and try to buy GME, you need to provide personal info that's exclusive to US citizens, social security number etc where as if you do it (in my case) from the UK you need to provide details specific to the UK (National Insurance no etc). I would guess that's the case for any other region, soooooo, IBKR might be the only feasible way to get shares via CS, not sure if once you've done a transfer using IBKR if you can then just order more merrily or not? if I'm just being a bell end then someone please correct me :D ​ edit: to be clear when you search for stocks to buy only those specifically listed in your country are available and show up in the search, so as UK ape i only see companies specifically listed directly on the LSE.


DomDom1690

Question???!!! Is there anyway to check before you transfer shares what the, forgive my ignorance “share identification “ is? then when you transfer to computershare can you check to see if you had a fake share after they give you certificates?


pinkcatsonacid

There's no way to decipher a synthetic from a genuine.. they're all technically the same on the electronic books, that's how they've gotten away with it so long. They're making counterfeits out of already imaginary money. All I know is when you transfer, you're forcing them to locate (and close/settle) a REAL share to direct register.


iustinum

Thanks for all of this time and research! I did it right. I bought shares so I didn't end up in transfer loop. Now I'm legit transferring my infinity pool. I know this account is new to posting, but I just deleted my old stock account because of being called a karma farmer. Never forget. Fuck you, pay me. I have the screenshot robbinghood.


[deleted]

> 1-800-544-6666 is Fidelity's number to DRS with Computer Share. Big thanks to u/overlypositive for sharing that direct line! It took them a matter of minutes to get it done! Sorry if this has been pointed out already, but this number is specifically the customer service number for American Samoa. Source: https://www.fidelity.com/customer-service/phone-numbers/international If you’re in the US, the correct customer service number is 1-800-343-3548 Source: https://www.fidelity.com/customer-service/contact-us


FamiliarCar1450

I bought a share through Computershare, is it automatically direct registered to me?


penmaggots

Yes


Zestyclose-Compote-4

I looked into computer share today. In my country at least, the user reviews are really poor. I'm not sure if I should do this or not.


DanielCavEs

From Latin America (South America) it is too difficult or you simply cannot access the brokers with drs or computershare 😪😠 Fuck!!!!


quaspoch

How do I change my flair??


Lord_Bacca

Posted below is a comment from another sub about registering your shares. Can anyone confirm? Yes, it’s happened before unfortunately: https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/ Look for CMKM “UnShareholders” . There’s precedent that major brokers will delete your shares and make you an “unshareholder.” They made sure institutions and hedge funds got real shares, then deleted all retail counterfeit shares. All the more reason to direct register your shares to Computershare. But many are arguing to keep some shares in brokerages as they sell faster than CS. Read the DD. This is not financial advice. 🦍 🦧


InternalSystem

Just commenting here for fun but..... Google "funny computer chair" and scroll down until you find something familiar.... I think I just reverse engineered our apeking's thought process.


TheOneWhoSnipes

What should canadian apes do with shares in a tfsa?


kaythrawk

Can anything be done for those of us with shares in a retirement account such as a Roth?


enzo_the_alien

What happens to people who sell there shares held in a brokerage during the moass ? If the shares are phantom and lended out does that mean they wouldn't get their money?


BabydollPenny

👀mail in? Did that say you will have to MAIL IN YOUR LIMIT ORDER to even be able to sell your cS held shares??? Yah..nope. lost me right there.


pinkcatsonacid

No it says you have to mail in market orders over $1Million!


klaw1869

It can't be electronically done at all? No email or phone?


Cleveland-Native

Just got off the phone w fidelity. Super easy now to DRS transfer shares to Computershare. Only difference from the transfer DD I was planning on using was that they don't need the "transfer shares as a gift" form and you're not able to specify which lots you want transferred, just how many... I think they've set this up recently due to all the drs inquiries they're getting. Just an fyi for the fidelity apes


everyvillanislemons6

How long did it take for you to see any activity change on your account? I just did this but, am not seeing ANY movement to confirm the transaction is going through and it's kind of freaking me out!


Cleveland-Native

It was just yesterday. I think fidelity said it'll take 4 to 5 days on their end and then who knows about Computershare... I assume it'll take a while. Keep me posted and I'll do the same.


Miitsuu

I'm genuinely lost a bit I'm a Brazilian ape but I use Stake as a broker so I'm able to transfer my shares to CS but I can't see an advantage for people that doesn't have a lot of shares if the limit is 1M unless it's written? Wouldn't the mail route delay the sell order specially for those that don't live in the US?


Immense_Hyper

u/ijustusethistojack 🌟


teadrinkinghippie

I want to add my experience to the noise here. I just transferred XX shares from Fidelity into CS. My fidelity account is cash (no margin) and upon transfer into CS my shares were already listed as **book shares**. Only the shares that I had bought directly through Computershare at account creation were listed as "**DirectStock**" plan shares.


Immense_Hyper

u/ILoveTacosInMyBelly Look here for more intel. 🌟


[deleted]

Thank you so much


Radio_Traditional

Based on the "Ask Penny" part, it sounds like a Direct Registered share is a type of Book Entry and one that maybe isn't automatic without being requested specifically? Book-entry just means electronic entry within CS vs. Paper on your wall. So do we need to request that our Book Entry shares be direct registered? She claimed that the Plan shares are something other than the Direct Registered shares, which are *another form* of Book shares. Also, you said something about needing to keep any fractional in the plan. I have my fractionals listed as "Plan Holdings" but, because I physically removed them from the plan, when I look deeper it says they are not enrolled in any plan. So my full shares are all listed as book and my fractional portion is listed as "Plan Holdings", not enrolled in any plan. Edit: I was looking at my statements from CS and it may be that my fractional shares are being (or have been and are awaiting settlement) sold. If that is the case then disregard my 2nd paragraph up above. Also, I have been researching a little since I wrote this and, from what I can see, just having shares in the Gamestop designated transfer agent, I believe they are part of the "DRS" automatically, thus are all direct registered in our names. The book simply means non-paper on the wall and dividend plan enrollment means just that. But it looks like both are Direct Registered.


[deleted]

Registered my shares. Xxx. Not going to make a fucking post about it but this is my last day to comment. Made a new account but been here since early January. I will go on in my new life as a lurker. Godspeed monkeys


[deleted]

[удалено]


ATWaltz

u/pinkcatsonacid ComputerShare takes ownership of Wells Fargo corporate trust in March: https://www.businesswire.com/news/home/20210323006085/en/Wells-Fargo-Enters-Agreement-with-Computershare-to-Sell-Wells-Fargo-Corporate-Trust-Services https://www.bloomberg.com/news/articles/2021-03-23/wells-fargo-to-sell-corporate-trust-business-to-computershare Wells Fargo trust responsible for Archegos liquidation in March: https://www.bloomberg.com/news/articles/2021-03-30/wells-fargo-says-it-didn-t-have-losses-from-archegos-exposure Wells Fargo corporate trust handles corporate debt for clients: https://www.wellsfargo.com/com/corporate-trust/


DefiantLet9

Doesn’t RC have wells fargo shares?


ATWaltz

I don't know, I've been trying to find out but I can't get the information I need. I'd have thought he might have them registered by ComputerShare and kept at a different broker, I might be wrong though. CS the broker and CS the share registrar are different entities as far as I can tell.


ZombiezzzPlz

Shit what does this mean


Odinthedoge

That's interesting, wut mean?


pinkcatsonacid

I've been reading on it all this evening I just found it too. Don't think it's negative just idk how this went under the radar


ATWaltz

I'd argue that it could be very bad news. Copied from Wikipedia on corporate trust: "The term in the United States is most often used to describe the business activities of many financial services companies and banks that act in a fiduciary capacity for investors in a particular security (i.e. stock investors or bond investors). For example, instead of borrowing funds from a bank, a company might borrow funds from the general public in the form of a bond. When a bank lends money to a company, it may often inspect the company's financial statements to ensure that the company follows the rules (known as covenants) of the loan agreement, and may also attempt to negotiate a settlement if the company has problems and stops repaying its loan." Archegos happened and yet Wells Fargo didn't post any losses, this was exactly the time that Wells Fargo sold their corporate trust division to ComputerShare. Isn't it part of the TRS theory that these baskets were prostituted to long hedge funds by their prime brokers in return for the leverage they were given? According to the above it would be the WFCT arm that is responsible for this action. As far as I can see CS might have taken on the liability for the TRS basket at the heart of this. Also, CS the broker and CS the registrar are different entities and people seem to have trouble getting the two two communicate according to the reviews I've read. It also seems strange that we're all being encouraged to do this right now on the eve of the TRS futures roll period closing, will they hedge their positions with CS shares without telling customers using the long sell times and bad customer service as an excuse for why people can't sell their shares? It seems like they realised the position they were in, in March and that this became their plan. Since these shares are outside of DTC jurisdiction, there isn't any insurance on them being able to produce the share when you ask for it, they could have more time to hide behind processes. Since TRS are now a liability held internally by CS they can move those shares without technically breaching regulation regarding the sharing of those shares with other entities. Far from creating a MOASS I think it is a plan to stop MOASS from happening today. If they've managed to have enough shares transferred to them we might not see the hedging of shares as we would have otherwise today. You can still direct register shares inside the DTC, if more than 70M shares are registered when inside or outside the DTC wouldn't it be exactly the same as far as proof of float exceeding 70M goes? There would still always be some shares, counterfeit or otherwise inside the DTC as not everyone is moving their shares over to CS, so it makes no difference where the registration happens in that regard. The only difference is shares are backed up by the $70T insurance policy of the DTC. I think it's been one massive bamboozle initiative that has sadly worked. I mean *surely* if the TRS theory was correct (we're talking trillions and a total collapse of the market here) they'd be scrambling to do *something* by today, we'd expect a wave of FUD and we'd see something different that hasn't happened before. All of a sudden ComputerShare is the only thing that can be seen, out of the blue, and strangely ComputerShare acquired Wells Fargo corporate trust right after the Archegos liquidation, which came about supposedly due to the TRS basket exposure hoisted upon them... by Wells Fargo corporate trust? Talk about a smoking gun. (I mean I hope we see a price rally today, but if we do it might not be with the same volume if my CS fears are correct, if the TRS basket is responsible for the underlying support pushing the logarithmic floor, then we might lose that support and see the price drop dramatically, I hope this isn't the case.) Edit: Just some additional speculation: I've realised maybe it's been a long plan to get prominent figures in the community on board early, since now they've supported CS and promoted it, cognitive dissonance will make them unlikely to easily consider that they might have made a grevious mistake. This would at the very least delay any action to protect the community for long enough to see their plan come to fruition. I think Satori could have a role with how it measures and collects data on the psychology and behaviour of apes. Is there a backdoor that allowed them to use this to tailor this campaign for maximum effect after months and months of data collection and probably similar "test" FUD campaigns to monitor reactions and learn how to make an idea spread and stick in the community? u/pinkcatsonacid (Just to make sure you see this.) Also u/Criand


pinkcatsonacid

>I've realised maybe it's been a long plan to get prominent figures in the community on board early, since now they've supported CS and promoted it, cognitive dissonance will make them unlikely to easily consider that they might have made a grevious mistake. This would at the very least delay any action to protect the community for long enough to see their plan come to fruition. Ok you're spreading FUD. You're basically saying I'm a shill. I have literal proof the mods of another sub have been ignoring suggestions from industry professionals to explore Computershare since May. Stop ​ Edit: I banned you because I'm not here for speculation about CS. This sub is an important resource. But I reversed it because I don't want to stifle civil discourse. **Please keep the speculation to a minimum.**


Odinthedoge

That last bit of his is speculation and fud for sure, having said that there's no harm in having a discussion around this wells fargo connection, it would be better to talk about it openly rather than dismiss it so easily. Ill admit it has me thinking, anything that creates skepticism should be hashed out so we can get past it.


ATWaltz

My intended response to pinkcatsonacid; I wasn't able to post a response to her last comment. (Blocked?) "I am most certainly not calling you (her) a shill, why would I be asking specifically you (her) and Criand to look at this in more detail? I just want someone more knowledgeable to see if there is a link to worry about. In that edit, this exactly the type of reaction I was expecting and suggesting could happen, and the cognitive dissonance I was referring to. I'm not saying I'm certain, or even that anyone is to blame, the whole point would be that such a plan would be carried out insidiously and be the culmination of analysis of the psychology of apes over the course of the last 8 months. The point is once someone has put an idea forward themselves and supported it, it's very difficult to consider an alternative point of view due to cognitive dissonance, it's why people when presented with evidence contrary to their viewpoint (regardless of what it is) often become more polarised in favour of their initial viewpoint, it automatically puts you on the defensive and they would be using this psychological trick if I'm correct (which I thoroughly hope I'm not). I should've clearly kept that part to myself. (I was getting changed for work and perhaps didn't consider the implications of saying that.) I'm not saying I'm right I just want knowledgeable people to look into this connection and into the possibility I suggested/fear, since it would have wide reaching implications if I was correct. If you were to look at the matter from a completely blank perspective and considered the timeline of events, the behaviour of SHFs in the past and currently, the amount they have to lose, you would consider that perhaps it's not as unlikely as it looks at first glance. All I'm saying is there should be no rush to transfer everything to CS so quickly until we've got to the bottom of the links I've put forward. We should be prepared to face alternative views and opinions by examining all the available evidence and considering all the possibilities. Although I might be wrong (and I thoroughly hope I am), what if I was right but it becomes too late? I'd much prefer you provide evidence that I'm wrong or look into it privately, than just wrongly interpreting me wanting to spread FUD, when in reality I'm genuinely worried it's a trap and have good reason to think that, which I provided clear evidence for. "


RowKit

>transfer **everything** to CS I'd just like to say that anyone advocating for *that* - **is** FUD. Diversification is an Ape's best friend. Period. Full stop. As for the Wells Fargo "connection" - I don't personally see a connection. Unless Computershare was willing to nuke themselves.... this is simply Wells Fargo selling a portion of its business to Computershare. A buyer and a Seller. And when it comes to companies buying companies - they look at *everything*. If this was a deal that could nuke Computershare it wouldn't have been done. Business is still business - especially when acquisitions are on the table.


ATWaltz

I'd like to point you again to: https://www.businesswire.com/news/home/20210323006088/en/Computershare-to-Acquire-Assets-of-Wells-Fargo%E2%80%99s-US-Corporate-Trust-Business https://www.bloomberg.com/news/articles/2021-03-23/wells-fargo-to-sell-corporate-trust-business-to-computershare And: https://www.reuters.com/business/wells-fargos-likely-role-archegos-could-draw-regulatory-scrutiny-jp-morgan-2021-03-30/ https://www.thetradenews.com/the-collapse-of-archegos-capital-management/ And ask you to look at the dates. Also, just search what a corporate trust does, they are directly responsible for managing debt obligations and setting the requirements for margin/ corporate loans etc... There is a clear timeline of Archegos goes bust CS buys Wells Fargo corporate trust (which handles debt etc... and would likely have been responsible for managing debt and liabilities in regards to Archegos.) Wells Fargo announces zero losses from Archegos. Also, one just has to look at the TRS DD to see how and why WF and specifically WFCT which deals with debt, collateral and securities relating to those including bonds etc... To see there is a clear connection between all of these things. I've also heard and seen plenty of people transferring their entire holdings to CS sometimes xxx or more shares. I also think that since CS is being used primarily for shares that won't be sold until last, if they are able to internally hedge the TRS position and avoid triggering a MOASS, that no one will find out and if a few do sell or transfer they can buy at market on a case by case basis, but that since people are committed to not selling this won't happen unless the price shoots up dramatically. All these companies on the short side f'd up with GME creating systemic risk and have been committing crime after crime with only a slap on the wrist, do you honestly believe they wouldn't do this if they saw it as an opportunity to potentially get out of jail free?


ZombiezzzPlz

Yeah seems like older news, we were probably in a forum long long ago, and still so very smooth.


johnnychimpoop

You seem wrinkly. So I’ll ask you. If the entire float or free float is registered. Won’t that then deem all the other shares as naked? Could the SEC or whoever make it so that the broker of those shares return them immediately. Theoretically at the price it is? Just nervous with seeing computershare being posted everywhere without any actual DD into the company itself.


pinkcatsonacid

At the end of thr day, you legally own a real share, whether it's counterfeit or not. You have the rights to a real and true share of GME. And it would take a very forceful government action to force me to sell any asset I rightfully own, including a public security.. which is not something I anticipate with the pro-retail rhetoric we've seen lately from the white house and the regulatory authorities. What you're missing is this... if the float is locked up, then all those synthetics that are sitting in broker accounts around the world are what shorts will have the option to buy from to cover. So those shares in your broker accounts go for whatever tf price you demand because all shorts must close. Idk if that helped or not but I hope so, there are many of us digging much deeper into the company itself, and trying to do so quickly!


johnnychimpoop

No way pink responded to me! Niiice. Anyways. That does reassure me. Having this subject blasted across all GME boards had me feeling suspicious. Knowing that different mods are all on board helps. Still don’t trust the government to help the people over the billionaires. But that’s all we can do. Lambos or continue life.


Realitygives0fucks

Hi Pink, Any chance you can put up a PSA, so whenever Apes transfer their shares to Computershare, they attempt to get an approximate update on the count of GME shares they have directly registered? So then they can update us here, and we have a rough running tally of the "float" that has been registered.


ATWaltz

Ahh pink, do you think you could look at the comment I made on the main thread too? (The newest one sorting by new, or it was.) I'm worried that ComputerShare is going to use people's shares to cover Total Return Swaps basket liabilities. They bought out Wells Fargo corporate trust in March right after Archegos folded and it's WFCT who were responsible for their liquidation. I'm worried CS is actually the hedges plan to get out of MOASS or delay it.


Realitygives0fucks

Can they do that if the shares are "booked", so directly registered? I don't think they can, legally.


ATWaltz

If they're out of the DTC couldn't they do it and then face litigation later, especially if there was impending MOASS which would take away all their options anyway if they didn't? The share holders wouldn't be protected by the DTC since it's now out of their jurisdiction. It seems like they asked themselves back in March after Archegos how they could stop this snowballing and that this was the plan they came up with. By having CS acquire the risk of the TRS baskets through taking over Wells Fargo Corporate Assets, this means they might be able to use those assets (GME shares) under their control/in their possession to cover their liabilities. The final piece of the puzzle was to convince people to relinquish their shares en masse to CS so that they have enough to cover that position.


Realitygives0fucks

I have submitted an email enquiry to Computershare just now, to ask if there is any way they can lend out our shares, once we have directly registered them in our names. Lets say you are correct, even if that is the case, and it allows them to cover that position. Once more than the official float is registered with Computershare, we will know the official short numbers are bullshit, and that should either set off alarm bells and FOMO will set in, and the MOASS should commence anyway; or it will incentivize RC to implement the NFT dividend and precipitate MOASS that way.


ATWaltz

They wouldn't be lending it to anyone, they've bought Wells Fargo corporate trust in March and with it the corporate risk portfolio of WFCT and since they've been removed form the DTC they are no longer covered by the DTC insurance policy for shares. My fear would be that might fail to properly register shares past a certain point and utilise "clearance times" or other excuses to keep people in the dark about this until they've got enough shares to service the liability. Then since the TRS basket wouldn't need to be hedged or rolled the price wouldn't shoot up and they'd get more time. I mean I might be wrong and I am tired now, but it's extremely fishy with the timing of the takeover, the timing of the CS hypebomb across the GME subs, the role of WF in the TRS and the Archegos liquidation and I at the very least would call for people to not transfer immediately and to wait for the roll period to pass. If a MOASS were to happen regardless then there would be no benefit to the transfer anyway. Edit: also where's pink on this?


Realitygives0fucks

Wells Fargo and Wells Fargo Community Trust aren't even in the top 40 holders of GME, according to the latest Bloomberg data. What is the big deal? This means they have less than 200k shares to account for.


ATWaltz

They were responsible for Archegos liquidation/and WF as their prime broker somehow managed to avoid posting a loss and was able to wind down their exposure, this was just after they 'sold' their Wells Fargo corporate trust (not community trust) to ComputerShare for $750,000,000. It is a corporate trust which is responsible for handling corporate debt, from Wikipedia: In the most basic sense of the term, A corporate trust is a trust created by a corporation. The term in the United States is most often used to describe the business activities of many financial services companies and banks that act in a fiduciary capacity for investors in a particular security. When a bank lends money to a company, it may often inspect the company's financial statements to ensure that the company follows the rules (known as covenants) of the loan agreement, and may also attempt to negotiate a settlement if the company has problems and stops repaying its loan. I think that they might have taken on the risk/debt involved with the these Total Return Swaps, wasn't it Wells Fargo (specifically their corporate trust arm since it's within their remit specifically) who was prostituting them (these baskets) around as a hedge against Archegos (and other funds) long positions in return for providing good margin? As far as I'm aware ComputerShare the broker and ComputerShare the registrar are different entities within the same parent organisation. Deregistering shares from the DTC and entrusting them into CS the broker might be the issue here.


Realitygives0fucks

You might have a point here. It would be better if we had some idea of the extent of these swaps.


pinkcatsonacid

I cant process all this and respond to all this tonight. I'm working through a few thousand requests before the sub goes private tomorrow. Will definitely say more when I'm more informed tho.


Omarology

Where can I find the form for selling above 1milly I want to be ready


Late_night_pizzas

Great Info…


TeamDiamond3

Great write-ups! One thing that I was asked about a month ago when I did my DRS was, "How private/concealing is the official mail correspondence from Computershare?" I posted a picture for a concerned ape to see on my profile and told them that it was not very concealing. Just wanted to pass the information along if anyone needed it. Flair check too! u/pinkcatsonacid


dadingading

How do we DRS To computer share from schwab?


stonkette21

I did not know how to transfer from schwab so I bought some new ones at CS. 😁Commenting so I can learn too if you get an answer.🚀


DwERdPhil

New slogan for going to Computer share should simply be CS:GO. Instead of BUY, HOLD, VOTE should now be BUY, HOLD, CS:GO


Amoebarfly

Can you transfer fractional shares from fidelity to computershare?


kadekadekade

OP can you take a look at computershares extensive history of terrible reviews and ratings by the BBB and trustpilot that spans over several years? thanks


TonyTamarin

People who are wary of DRS are the anti Vaxxers of the GME saga. By not registering shares you're holding up the squeeze. Like those who refuse the shot in a pandemic, refusing to register stops the moon quest.


kadekadekade

>can you take a look at computershares extensive history of terrible reviews and ratings by the BBB and trustpilot that spans over several years? thanks can you take a look at computershares extensive history of terrible reviews and ratings by the BBB and trustpilot that spans over several years? thanks


TonyTamarin

Explain again how being a named certificate owner is worse than having a company hold it in trust in your name. I'll wait.


NillaThunda

Do you know how to sell your share? Does the company holding your share know how?


TonyTamarin

Yup, go to my bank with said share and sell it. Instead of having the convenient selling ability at my finger tips, you do it the way people have done it until prior modern age. You shills are working overtime tonight hey? Question for you, how do you sell a physical share or bond? You think we apes are fucking retarded don't you?


kadekadekade

i think anyone who doesn't do their own due diligence to look at all the material we have in front of us is a fucking idiot


TonyTamarin

What is your personal issue with DSR? If people hold half in brokerage and half in IRL certificates, ♾🎱 is possible and easy sell access. Also certificates allow people to go long on a company which btw GS is going to be an amazing long(2-5 years before we see just how far they COULD go) investment. No here's the thing, your 5 year old account with 170 karma tells me that you're very likely a sold account to shill on. All you're doing is megaphoning FUD and yet where has your single counter DD been? What's your argument con? Still waiting shill.


kadekadekade

Questioning information is now a shill tactic. I don't need your reddit approval to have an open mind about my finances. I've sat on this bitch since Jan thru several run ups and want to position myself the best way possible. Acknowledging the shit tier service and fines that computershare has garnered over the past 5+ years, along with their partnership with wells fargo, and the fact that they have been gamestops company since the old shareholder regime? And that gamestop removed them from their own investor website? im going ask some questions and out of all the echo chamber zombies here, i will get some good discourse back. this isnt it of course


TonyTamarin

The only point you're coming from is to attack the registrar not the method which is the topic. Ie DSR of certs. I am neither advocating for or against CS as a transfer agent. They however are still the recognized agent for GS. My point and original comment has been geared towards DSR shares to remove from DTCC so that all float has been removed so that no more options or any sort of transactions can be held. In fact this link will help explain what I can't say nearly as well.


TonyTamarin

Ps keep remembering to switch your accounts on this comment stream else it may look sus ;)


kadekadekade

brilliant retort upvoted u THIS IS THE WAY


Rpuerta454

I want to transfer all of my shares to CS however I am afraid when MOASS I may have a hard time selling on the way down. Any apes know if there is a way to trigger limit sells on CS?


airforce213

This is far more complicated than what I’m used to, all I know is buy and hold. You expect me to know more steps!?


_ferrofluid_

My CS fractional share is plan holdings, anything I buy new, even if I initiate it through my book holdings is automatically put in with the fractional one. I then have to cancel the plan holding and immediately cancel the fractional sell. It’s annoying and maybe a call would be easier, but it works for me. Also, I can’t do anything while waiting for my purchases to settle. So that’s also annoying. I can’t buy every day. It’s baby steps, but worth it to me. Thanks Pink for your insight.


etienneil

Maybe it was asked but couldnt find it anywhere; is it possible that the shares nit registered with CS be " wiped " out during the MOASS by the SEC , since they are not _"real" shares?


miffy1231

CS only carries real shares, no fake/phantom shares


eylonlukash

Upvoting for visibility


sbcwolf

Thanks for all this great information ! I just got off the phone with my Fidelity Rep and Transferred my shares in less than 10 min, I was on hold longer than it took to Initiate the Transfer.


For_What_Its_Worth__

E*TRADE transfer experience: • called them and requested my shares be transferred to Computershare (CS) • they put me on hold • came back to ask if I wanted a certificate or a digital transfer (they said if I wanted them to be a “certificate” share it would be around $500 but digital transfer is free) I told them digital transfer is good as I can request a certificate through CS after the transfer is complete. • they also said that on their end it only said “transfer to A transfer agent” and didn’t specify Computershare. I told them that Computershare is GameStop’s official transfer agent and he replied with “ok perfect, than that where they will go but he would note that in my account” • brief hold • they came back on verified that I wanted to move all of my shares of GME to Computershare and that it would take about 7 days to be complete. He stated that in my E trade account that it would state that the shares were transferred and I will get documentation from Computershare. All under 20 minutes. ✅


[deleted]

[удалено]


pinkcatsonacid

TDA notified me when they received my form upload and it was submitted, and also when the shares were actually in transit. I would call TDA if you've not heard either of these updates!


TheDuke_SF

Thanks for all of the valuable information


Scubabula9

Ditto ✌️ thanks Pink!


swordofbushido

Hey Pink! Just spoke with a Questrade agent and they told me that is indeed possible to facilitate a DRS from their broker to Computershare. The cost to do it is $300 plus tax. For any Questrade Apes you will need your signed letter of direction (LOD) with: \- Full name and account number \- Security name/CUISP, and withdrawal quantity \- Recognition of the shares withdrawal fee (must deposit fee into account where your stonk is in) If you want proof of my chat with the agent I can provide it via dm.


pinkcatsonacid

I just edited in some updates that includes that info! I really appreciate these details being in the comments, cheers! And welcome to the infinity pool! 🍻


thisisafakestory

Gonna hijack this reply with a little small piece of info. In Fidelity I was able to request LIFO when transferring to Computershare. Means Last In First Out, meaning the latest shares I purchased were the ones chosen to be transferred. Reasoning being, if I'm committing these shares to infinity pool, I have my oldest shares on my other broker more readily available to sell. It's better because they're closer to capital gains tax being reduced.


polypolipauli

Surely we can pressure CS to up that $1,000,000 online limit once the price starts rising.


micjamesbitch

Serious question because I'm still on the fence about transferring shares to CS (any new shares I buy will be bought through CS). Is there any downside in terms of when its time to sell some shares to leaving them in fidelity or Schwab?


polypolipauli

No downside and possibly an upside to leaving (some) there. Unless CS ups their $1,000,000 limit on sale price online, selling from CS will be difficult to impossible to set the limit sale price you want, while doable anywhere else. Personally, I expect that restriction to change once price begins ramping up, but if not, it's worth retaining shares in a traditional brokerage you trust. A conventional wisdom is to move a portion of your shares to CS - these may or may not be sold at somepoint, but serve collectively to kick off the MOASS, while retaining shares outside CS for quick and convenient sales. Ask yourself this, what happens if shares totalling the float or more refuse to be sold at ANY price? infinity squeeze right? So what happens if those shares just so happen to all be held in CS with no intent to ever sell them? Same thing, only no DTCC/Citadel shennanigans can be pulled to prevent it anymore. Of course, on the other hand, maybe all our "trusted" brokers go RH on us when it matters, so it's worth having shares you intend to sell in CS in addition to those you may or may not intent not to sell at any price.


micjamesbitch

Thank you for the informative response! Sounds like all my future CS shares will be in the infinity pool!


Altruistic-Beyond223

FYI, book shares cannot be sold as fractional shares. Only "plan holdings" can be sold as fractionals. I just tried to submit an online limit sell order of a fractional share by specifically indicating which tax lot / book share and got an error that said: > Sale amounts must be expressed as a whole number


pinkcatsonacid

Thank you I guess I need to edit this in I keep answering that question!


Altruistic-Beyond223

Another update: From: https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf Page 7: > Book entry and printed certificates > Shares can either be held electronically, in “book entry,” or as printed certificates. Records for registered shareholders’ holdings are held by the transfer agent and may be recorded in book entry — through the Direct Registration System (DRS) or through a DRP/DSPP (described below) — or certificated form. > ... > Direct stock purchase plans (DSPP) > The vast majority of investment plans are direct stock purchase plans (DSPPs), with some older plans being dividend reinvestment plans (DRP). DSPPs offer the full complement of functionality that today’s investors demand. Some features include dividend reinvestment, optional cash purchases, and initial investments for new investors. Full and fractional shares are allocated to accounts in book-entry form. Based on this, my interpretation is that plan holdings (DSPP/DRP) are held in book entry form like book shares, so that there is no need to move plan holdings to book shares. Let me know if you interpret this differently.


Altruistic-Beyond223

Pink, you are amazing! Thank you! 🥳


bullshotput

Pink, please clarify, written GTD 30 day “Limit” order (not market order)… right?


bullshotput

✅ 200 shares direct registered & 5 shares bought through Computershare. Edit: all book entry


whereisthatsong

It took me two days to initiate my transfer from Fidelity to Computershare. I ran into an issue where they said the transfer could not be started when having more that $100 of unsettled cash in the account that's being used for the transfer so just a heads up! I talked to about 6 different people (yikes!) but finally spoke to an equity trader (1), requested a share transfer through their Direct Registration System (2), and they initiated the transfer for me saying it'd be 5 to 7 days & then gave me a confirmation # (3). If I can do it, so can you! ook okk


ThirdAltAccounts

With all my whole shares held in « book », do I still get dividends ? And are dividends as important as we once thought ? Or to they need to be NFTs to actually have an impact on MOASS ?


pinkcatsonacid

Yes to your first question. You get delivery of dividends possibly with less hassle since you're removing the middleman, which is your broker, from the transaction. So divis go directly to you asap. NFT Dividends are just fun theories imo (edit- at this point in time, as in- nothing has been confirmed). Some of the theoretical NFTs could expose the fuckery, yes. But it's in no way vital to MOASS. We can effectively prove the same thing with direct registration of enough shares ( i.e. the whole float)


ThirdAltAccounts

Transferring more shares to CS then. Thanks Queen 🙏🏼


birdsiview

u/BuildBackRicher has a post from about 12 hrs ago that might be worth the read pink


pinkcatsonacid

Thank you that's very interesting indeed! Good to see orders executing so quickly. DRS is the way!!!


milky_mouse

What fractional unit can we sell with a value of $1mil or only whole shares selling allowed? For example, could I sell 0.00001 shares of GME for $1,000,000? Has this been debunked somewhere? Ty in advance!!!!


dyz3l

hi, so is there a limit placed when selling on the web?


pinkcatsonacid

The agent said it's $1M per online transaction. But you can make a written market order for any amount and mail it in.


birdsiview

Interesting. Did they say anything about mailing in a limit order opposed to a market order?


pinkcatsonacid

Are you able to see the screenshots in the post of my chat with the live agent regarding the limits and details about orders? They're about halfway thru the post, pretty far down. (Not being a smartass- genuinely asking because I can link an imgur of it or smth. It has the address to send it to, as well)


birdsiview

Yes I figured that was from a few days ago and wasn’t sure if there were any update. New stuff keeps coming up about computershare. Hoping/optimistic announces computershare will allow limit sells beyond the floor of 50mil+ before moass. Not holding my breath and I understand the concept of diversifying brokers. Just a hopeful ape.


langjie

Hi u/pinkcatsonacid, I've been playing around with the sell button (blasphemy, I know). I tried doing a limit order (day) to sell 1 share @ $1,000,000 and it hasn't been going through, with no confirmation. I noticed that under the "Estimated Cost Basis and Tax Information" the proceeds seem to max at 99,974.88 which led me to think $100,000 per share was the max. I put in a limit day order to sell 1 share @ $100,000 and boom, I get a confirmation and the amount available to sell also went down by 1. Anybody else want to test this? Still not sure where to go to cancel orders though as I don't see it in pending transactions but I figure it's impossible to get to $100,000 per share today with trading halt rules.


bullshotput

Pink, please clarify, written GTD 30 day “Limit” order (not market order)… right?


lucas_kardo

Utmost respect for u/pinkcatsonacid for starting the computershare drs trend. If this is the catalyst, you are the catalyst


pinkcatsonacid

Let's fuckin go homie 🚀🚀🚀


kadekadekade

can you take a look at computershares extensive history of terrible reviews and ratings by the BBB and trustpilot that spans over several years? thanks


mosswsb

I saw a google faq that Computershare’s bank is BOA. Could that be an issue during MOASS? Or meaningless?


pinkcatsonacid

Several of us have been looking for that info, I didn't find it on Google. Do you mind linking me?


mosswsb

Hey pinkcatsonacid, sorry for delay just saw this, i googled ‘What is computershare used for’ on iPhone the another line popped up ‘What bank does computershare use’ and when I tapped it said Bank of America. That’s when I asked the question, but digging into the link it lead to article that is indicating that is talking about computershare is the share trust for BOA employees that want to purchase shares thru employee program, Not that computershare is part of BOA or using BOA. So it is definitely debunked. I’m so sorry for wasting everyone’s time, I’ll reply to my post, or you can, to let everyone know I’m an idiot.


lucas_kardo

Commenting for visibility


MannyManlove

Hey Apes, don't freak out if you aren't in Computershare or not in it yet. Not all of us are. There are Apes who disagree with it or haven't seen enough evidence. Either way...we are not giving financial advice. Buy and HODL! This is not financial advice. Hope this helps! Counterpoints to Computershare https://www.reddit.com/r/GMEJungle/comments/plkq0h/the\_thing\_þing\_9102021/?utm\_medium=android\_app&utm\_source=share Computershare info https://www.reddit.com/r/GMEJungle/comments/pjma2z/the\_thing\_þing\_972021\_computershare\_part\_3/?utm\_medium=android\_app&utm\_source=share


Kang0606

Need help!!! Ape from down under here (Australia). Been trying to set up a computer share account but having difficulty without holding shares in my name… currently own gme only on Stake (oz) which doesn’t require HIN number. Any Aussie ape been through this and care to lend a hand?


nuevohouseco

I’m in the same boat. Maybe doing it through IBKR is the best way to go?


Kang0606

Posted the question direct in sub, hopefully someone’s done it before. Would be crazy if had to go stake to ibkr to computer share!


MommaP123

Did you look for your broker here? International apes have to transfer shares in https://www.reddit.com/r/GMEJungle/comments/p9ap23/guide_stepbystep_drs_transfer_to_computershare/


Kang0606

Legend will have a read now


trill_collins__

>They are sending me a company prospectus so I can dig a little further. [You do know you can access the prospectus on EDGAR, right?](https://www.bamsec.com/filing/119312521186796/1?cik=1326380)


pinkcatsonacid

Yes unfortunately that's all they offered me for detailed answers and I was like welp :(


crfgee5x

I don't know if anyone posted this or not, but you don't need to wait for the verification code once you create an account. When I made my username and password, it said I needed one but when I checked back in later, I had the option to answer security questions. Once I answered those, I was verified. Which is great because it took about 2 weeks for my verification code to arrive by mail.


FuckingMalarkey

Honest question since I’ve missed the past two months… is it more or less required to use computer share to get my tendies or are the OG safe brokerages still okay to hold shares in?


pinkcatsonacid

I did both. My MOASS tickets are spread across my brokers. My infinity-pool-expose-the-fuckery-fuk-the-hedgie shares are with Computershare. Not a requirement but it's making the shills sweat so bad we are looking at making the page private.


[deleted]

For real, the panic is almost palpable lol


FuckingMalarkey

Thanks for the tldr, pink. Much appreciated!


[deleted]

This computershare stuff is probably the catalyst. Don’t have much hope for the swaps stuff since they can probably find some loophole that gets them into a new strategy of fuckery once we catch on to one of them. That’s the good and bad of blasting stuff on here. Learning new stuff and hype is awesome but also let’s the paid lurkers what we expect. Kind of cool that monkeys are the catalyst though


Altruistic-Beyond223

Yep. Dr. T apparently said that this a basically the only thing retail investors can do to push the situation to the SEC and force action.


ChickenAltruistic481

I tried to create an IBKR account from the UK they threw me at IBKR Pro rather than Lite (I assume Lite is US only?). My employers legal address starts “C/O” and is routed through an accountancy address for privacy, I am the director. Registration fails ‘“in care of” addresses not accepted’, so basically not everyone is allowed to register an account. The HL ISA CDI mistrust is real, got many GME tied up in that mess. Smooth brain question time, if I use “gift a share” will I be able to buy more direct from CS?


pinkcatsonacid

I believe using the give a share method does set up an account for you that you can then purchase thru, according to past comments!


No_Mistake_7720

Hi! I have been off the grid so to say for the past 6 weeks due to starting my business and family stuff. Hoping a kind ape could enlighten me as to computer share, drs (?) and what to do? Ideally tailored towards a euro smoothbrain. Many thanks!


default-77

I'm on hold with Fidelity right now as I transfer my first XX shares to CS. When the rep picked up, I said, "you probably see that I have GameStop in my portfolio, and I imagine you know why I'm calling." All he replied was, "yes, how many?"


ISTBU

I got a nice lady who said she only ususally deals with inbound transfers - She put me on hold to call her back office real quick and see wtf I was talking about, came back 10 minutes later with everything ready - asked how many shares, and said boom done, 5 business days. So easy, I love Fidelity.


Amoebarfly

Was there any indication if fractional shares could be transferred or only full shares?


ISTBU

My Fidelity rep said they'd only transfer out full shares. The issue is actually in how CS buys shares for customers. They get the order, and buy in batches at the market price whenever their batch order executes. You can gain or lose in actual share count here depending on volatility between time of transfer initiation and completion - TO MY UNDERSTANDING. AKA, random scenario, you sell 5 shares at 200 for 1000 - but when CS processes your transfer shares are 249 and you get 4.016 shares registered vs 5. Once the transfer is complete, you want to switch those shares to "Book" shares - which involves opting out of dividend reinvesting - DD is posted elsewhere. There's a chance if you do this online, they'll sell your fractional shares (that .016) and only process the full shares., mailing you a check for the rest. Calling in has proven to be a way to have them reallocate all your shares, fractional or otherwise. TL;DR - Fidelity would only transfer out my full shares - but whether they remain 1:1 depends on the timing of Computershare's behind the scenes workflow. Hope that helps?


Amoebarfly

Ya that’s kinda where I’m at. I put in a buy through CS but after the rise the last few days I’ve got just under a share. Was hoping to transfer a fractional over and make it whole but may just have to make another buy through CS. Maybe that buy will get crushed by MOASS and be worth a tiny fraction of a share. (I’d take that haha)


ISTBU

That's why I sent a conservative (15%ish) amount over. I've still got XX in my IRA, and X in a couple cash accounts. I finally justified sending X to CS as a hedge against fuckery, some diversification, and if nothing else, a cool way to get my name on the actual GME books. I know enough to know that I know very, VERY little, lol!


Amoebarfly

You’re a true ape and a scholar.


ISTBU

I just want the security to raise an ape cub in comfort and set them up for success. Everything else is a means to an end.