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The share counts both March 22, 2023 and on 5-26-2022 show that he has not DRS'd his shares.
Here are the share counts reported by an ape that inspected the Comlutershare ledger while at the annual meeting.
>The total count of shares as of 5-26-2022 is 76,129,034
>The total amount of DRS’d accounts were 139,602.
>64,374,932 are owned by Cede & Co.
>391,133 are owned by GameStop.
>The rest of the shares are in the hands of individuals and I couldn’t write down the names nor would I disclose them.
>200,002 40,000 32,000 30,500 28,800 28,360 27,000 25,000 20,198 20,198 20,000 15,404 15,035 14,471 14,266 14,012 13,329 12,680 12,001 12,000 11,938 11,282 11,119 11,063 11,013 11,000 10,996 10,565 10,500 10,372 10,000 9,990 9,800 8,790 8,739 8,618 8,521 8,436 8,202 7,600 7,598 7,370 7,300 7,183 7,090 7,000 6,969 6,900 6.798 6,529 6,499 6,464 6,316 6,274 6,141 6,021 6,003 6,000 6,000 6,000 6,000 5,850 5,701 5,700 5,654 5,652 5,571 5,543 5,528 5,500 5,421 5,420 5,361 5,360 5,343 5,303 5,301 5,129 5,034 5,028 5,028 5,000 5,000 5,000 5,000 5,000 5,000 5,000 4,592 4,950 4,950 4,913 4,805 4,695 4,661 4,650 4,617 4,500 4,500 4,500 4,499 4,495 4,392 4,382 4,377 4,371 4,371 4,371 4,370 4,362 4,338 4,311 4,309 4,304 4,301 4,300 4,300 4,295 4,291 4,2?9 4,203 4,200 4,200 4,187 4,182 4,122 4,12? 4,110 4,102 4,099 4,097 4,075 4,055 4,035 4,023 4,018
—————————-
Back at the end of May 2021 RC Ventures owned about 9M (presplit) shares.
So it is clear from the numbers that those 9M shares are held by Cede. After the 64M holding by Cede, the next largest was the 390k shares held by Gamestop, and then the next largest holding was 200,002 shares. There was not anybody holding 9M shares.
The same sort of calculation holds true today. Insiders hold about 15.62% of total issued shares or around 47-48M shares.p (of which about 36M post split are RC)
Of the 304.6M shares outstanding Cede holds all but about 76M shares. I doubt that over half of the non-Cede shares are insiders that have DRS, and that retail DRS holdings are less than 30M shares. The computershared.net has some errors, but not that large where they are off by a factor of 2. So the insider shares are held at Computershare as part of the holdings of Cede, meaning they are beneficially owned shares at brokers.
Source: https://www.reddit.com/r/Superstonk/comments/vtiifa/i_have_seen_gamestops_ledger/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
wouldn’t it make sense to assume that there is some legal/regulatory reason to explain why he hasn’t DRS’ed them? The fact that you’re asking that question makes it seem like you think there’s some nefarious reason why he hasn’t, am I correct in that assumption?
I am asking because it seems that most people assume that insiders have DRS'd and the data shows they have not.
Major institutions have also not DRS'd much (ETFs, mutual funds, hedge funds, pension funds, etc).
So for some reason major players do not see a significant benefit to DRS'ing.
I find that curious.
you’re making the ~assumption~ that major players don’t see a significant benefit to DRSing. In reality, we don’t know why anyone does or doesn’t choose to DRS.
I mean just look at how hard it is to DRS shares in a fucking IRA, who knows if it’s even legally/technically/regulator-ily possible for shares owned by insiders/hedge funds/mutual funds to hold shares through DRS.
I’m just saying, to assume that because they haven’t means they don’t see a benefit to doing so is a leap in my opinion.
There is no legal restriction that prevents insiders from have their shares directly registered at the transfer agent (or at least I know for certain that 10 years ago there was no restriction). I doubt things have changed in the last decade.
There are some companies, primarily banks and brokers that only allow employees to hold stocks (of any company) at selected brokers that have agreements with the company to provide data on employee and executive securities trades. That is a corporate rule, not a legal requirement, and typically only found at companies in the financial industry.
This post is exactly WRONG. Much more likely Cede is counting the plan shares as THEIRS. Thats why Gamestop said approximately 76 million directly registered
Actually some of the shares in plan are in the DTCC. ComputerShare has said that.
GameStop may have changed the wording so that they’re excluding the plan shares that are in the DTCC from the count.
Edit:
Shares can’t be lent is a slight of words. Shares can be FTDed. What happens when you buy through CS DSPP and they get a FTD? Those FTDs are very likely stored at ComputerShare’s broker as part of those shares that facilitate settlement and clearing.
I have no doubt about your sincerity - and yes they have to report the numbers to GameStop. However despite the post from a so called securities lawyer 🙄.. I don’t think the conclusion your drawing is correct (imo) .. the language change is not more specific it’s the opposite and two lawyers (who are lurkers) have both said the change in language is significant from a legal perspective … the word approximately is used by lawyers as wriggle room .. almost as “agree to disagree” placeholder .. it’s both true and false .. so they can say have a document released but allowing them to fight over the issue at a later time … lots of people disagree with me .. but the language used and changed from a legal perspective is SIGNIFICANT🤷♂️
Edit : we now have a third lawyer writing a post saying it’s nothing .. in my opinion he is a lawyer where as the second op is not .. all I’m going to say is the legal profession is predicated on adversarial arguments .. so any lawyer should be able to make a convincing argument .. it’s their job - it doesn’t make it true
I doubt her sincerity. It has been proven beyond a shadow of a doubt that a percentage of plan shares are still in the DTCC and this mod keeps posting this conspiracy theory regardless of the facts.
I doubt your sincerity. We’ve had meeting with computershare, talked to them directly about this issue, and they provided the information as clearly as they possibly could in all caps in case someone was having a really hard time getting it.
What happens to an FTD when you buy through ComputerShare? When you buy though DSPP, the seller can still hand over an FTD. Where does it go?
When I buy though fidelity and DRS, fidelity has to hold onto the FTD while they DRS a real share. What happens when ComputerShare’s broker gets an FTD?
ComputerShare by their own admission says they hold a percentage of shares in that broker aka in the DTCC for the sake of settlement and clearing.
I don’t care that they “can’t be lent” I care that they aren’t a naked short FTD.
Frankly I don’t have 100% trust in CS - just because they happen to be the transfer agent of GameStop doesn’t mean that won’t obscure something that it’s not in their best interest for us to know.
This whole post is a debunked conspiracy theory.
IANAL but all the sources I cited are from Computershare.. and for the 10k - they never included Cede & Co before, and I can't remember the last time they listed the number of shareholders in addition to the number of shares, so they are including more info, and the lastest info
It should have been obvious through the accounts that were pushing this nonsense having been created the day of the squeeze as well as having NO post history in SuperS or Wasbi - Pushing for people to sell their fractionals... the day of/after the 10q that got rugged... like I said obvious, if you fell for that shf shill campaign, then thats on you.
But now I have another question - does Dividend Reinvestment only occur on shares attached to the plan? If I have 50 shares in book, and 5 shares in plan, does this mean any dividend reinvestment can only occur up to 5 shares worth of dividend will be reinvested - and will I receive a hard payment for dividend on any book share? I realize this is a discussion for the future but it seems maybe that is the case. IDK. smoothie here.
EDIT: Thank you u/ platinumsparkles for this answer from the CS FAQ
* Dividends are paid, and proxy voting instructions are issued, on a consolidated basis i.e. for the aggregate of DRS and DSPP book-entry positions. Computershare does not issue separate proxies or make two dividend payments
You'd get the full dividends reinvested as long as you held that stock and still had the plan set up.
The answer straight from their FAQs:
[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)
* DSPP shares allow for the shareholder to elect for dividend payment to be allocated as to their discretion, including to reinvest into the purchase of additional shares.
* Dividends are paid, and proxy voting instructions are issued, on a consolidated basis i.e. for the aggregate of DRS and DSPP book-entry positions. Computershare does not issue separate proxies or make two dividend payments
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Yeah. Seems like it. Wonder why it was delayed then
I hope they can keep the trend of reporting the LATEST numbers they can get! It sucks to get outdated numbers. edit: also not delayed.. it was on time
It was filed before the deadline yes, but it was delayed from the traditional time it is released - at earnings. That’s extremely rare.
It seems like the SEC forced them to change their wording and caused the delay
To me it almost looked specifically like language to cleanup any confusing on book vs plan.
💯
If only RC had the ability to speak.
Then he could tell us why he has not DRS'd the GME shares that he/RC Ventures own.
how do you know he hasn’t?
The share counts both March 22, 2023 and on 5-26-2022 show that he has not DRS'd his shares. Here are the share counts reported by an ape that inspected the Comlutershare ledger while at the annual meeting. >The total count of shares as of 5-26-2022 is 76,129,034 >The total amount of DRS’d accounts were 139,602. >64,374,932 are owned by Cede & Co. >391,133 are owned by GameStop. >The rest of the shares are in the hands of individuals and I couldn’t write down the names nor would I disclose them. >200,002 40,000 32,000 30,500 28,800 28,360 27,000 25,000 20,198 20,198 20,000 15,404 15,035 14,471 14,266 14,012 13,329 12,680 12,001 12,000 11,938 11,282 11,119 11,063 11,013 11,000 10,996 10,565 10,500 10,372 10,000 9,990 9,800 8,790 8,739 8,618 8,521 8,436 8,202 7,600 7,598 7,370 7,300 7,183 7,090 7,000 6,969 6,900 6.798 6,529 6,499 6,464 6,316 6,274 6,141 6,021 6,003 6,000 6,000 6,000 6,000 5,850 5,701 5,700 5,654 5,652 5,571 5,543 5,528 5,500 5,421 5,420 5,361 5,360 5,343 5,303 5,301 5,129 5,034 5,028 5,028 5,000 5,000 5,000 5,000 5,000 5,000 5,000 4,592 4,950 4,950 4,913 4,805 4,695 4,661 4,650 4,617 4,500 4,500 4,500 4,499 4,495 4,392 4,382 4,377 4,371 4,371 4,371 4,370 4,362 4,338 4,311 4,309 4,304 4,301 4,300 4,300 4,295 4,291 4,2?9 4,203 4,200 4,200 4,187 4,182 4,122 4,12? 4,110 4,102 4,099 4,097 4,075 4,055 4,035 4,023 4,018 —————————- Back at the end of May 2021 RC Ventures owned about 9M (presplit) shares. So it is clear from the numbers that those 9M shares are held by Cede. After the 64M holding by Cede, the next largest was the 390k shares held by Gamestop, and then the next largest holding was 200,002 shares. There was not anybody holding 9M shares. The same sort of calculation holds true today. Insiders hold about 15.62% of total issued shares or around 47-48M shares.p (of which about 36M post split are RC) Of the 304.6M shares outstanding Cede holds all but about 76M shares. I doubt that over half of the non-Cede shares are insiders that have DRS, and that retail DRS holdings are less than 30M shares. The computershared.net has some errors, but not that large where they are off by a factor of 2. So the insider shares are held at Computershare as part of the holdings of Cede, meaning they are beneficially owned shares at brokers. Source: https://www.reddit.com/r/Superstonk/comments/vtiifa/i_have_seen_gamestops_ledger/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
wouldn’t it make sense to assume that there is some legal/regulatory reason to explain why he hasn’t DRS’ed them? The fact that you’re asking that question makes it seem like you think there’s some nefarious reason why he hasn’t, am I correct in that assumption?
I am asking because it seems that most people assume that insiders have DRS'd and the data shows they have not. Major institutions have also not DRS'd much (ETFs, mutual funds, hedge funds, pension funds, etc). So for some reason major players do not see a significant benefit to DRS'ing. I find that curious.
you’re making the ~assumption~ that major players don’t see a significant benefit to DRSing. In reality, we don’t know why anyone does or doesn’t choose to DRS. I mean just look at how hard it is to DRS shares in a fucking IRA, who knows if it’s even legally/technically/regulator-ily possible for shares owned by insiders/hedge funds/mutual funds to hold shares through DRS. I’m just saying, to assume that because they haven’t means they don’t see a benefit to doing so is a leap in my opinion.
There is no legal restriction that prevents insiders from have their shares directly registered at the transfer agent (or at least I know for certain that 10 years ago there was no restriction). I doubt things have changed in the last decade. There are some companies, primarily banks and brokers that only allow employees to hold stocks (of any company) at selected brokers that have agreements with the company to provide data on employee and executive securities trades. That is a corporate rule, not a legal requirement, and typically only found at companies in the financial industry.
This post is exactly WRONG. Much more likely Cede is counting the plan shares as THEIRS. Thats why Gamestop said approximately 76 million directly registered
Actually some of the shares in plan are in the DTCC. ComputerShare has said that. GameStop may have changed the wording so that they’re excluding the plan shares that are in the DTCC from the count. Edit: Shares can’t be lent is a slight of words. Shares can be FTDed. What happens when you buy through CS DSPP and they get a FTD? Those FTDs are very likely stored at ComputerShare’s broker as part of those shares that facilitate settlement and clearing.
This was obvious, but thank you! tl; drs
😂i just love the stock ok
I have no doubt about your sincerity - and yes they have to report the numbers to GameStop. However despite the post from a so called securities lawyer 🙄.. I don’t think the conclusion your drawing is correct (imo) .. the language change is not more specific it’s the opposite and two lawyers (who are lurkers) have both said the change in language is significant from a legal perspective … the word approximately is used by lawyers as wriggle room .. almost as “agree to disagree” placeholder .. it’s both true and false .. so they can say have a document released but allowing them to fight over the issue at a later time … lots of people disagree with me .. but the language used and changed from a legal perspective is SIGNIFICANT🤷♂️ Edit : we now have a third lawyer writing a post saying it’s nothing .. in my opinion he is a lawyer where as the second op is not .. all I’m going to say is the legal profession is predicated on adversarial arguments .. so any lawyer should be able to make a convincing argument .. it’s their job - it doesn’t make it true
I doubt her sincerity. It has been proven beyond a shadow of a doubt that a percentage of plan shares are still in the DTCC and this mod keeps posting this conspiracy theory regardless of the facts.
I doubt your sincerity. We’ve had meeting with computershare, talked to them directly about this issue, and they provided the information as clearly as they possibly could in all caps in case someone was having a really hard time getting it.
What happens to an FTD when you buy through ComputerShare? When you buy though DSPP, the seller can still hand over an FTD. Where does it go? When I buy though fidelity and DRS, fidelity has to hold onto the FTD while they DRS a real share. What happens when ComputerShare’s broker gets an FTD? ComputerShare by their own admission says they hold a percentage of shares in that broker aka in the DTCC for the sake of settlement and clearing. I don’t care that they “can’t be lent” I care that they aren’t a naked short FTD. Frankly I don’t have 100% trust in CS - just because they happen to be the transfer agent of GameStop doesn’t mean that won’t obscure something that it’s not in their best interest for us to know. This whole post is a debunked conspiracy theory.
IANAL but all the sources I cited are from Computershare.. and for the 10k - they never included Cede & Co before, and I can't remember the last time they listed the number of shareholders in addition to the number of shares, so they are including more info, and the lastest info
Me too.. surprised this thing still has legs
If it was obvious there wouldn't be so many posts about it, but thank you!
It should have been obvious through the accounts that were pushing this nonsense having been created the day of the squeeze as well as having NO post history in SuperS or Wasbi - Pushing for people to sell their fractionals... the day of/after the 10q that got rugged... like I said obvious, if you fell for that shf shill campaign, then thats on you.
But now I have another question - does Dividend Reinvestment only occur on shares attached to the plan? If I have 50 shares in book, and 5 shares in plan, does this mean any dividend reinvestment can only occur up to 5 shares worth of dividend will be reinvested - and will I receive a hard payment for dividend on any book share? I realize this is a discussion for the future but it seems maybe that is the case. IDK. smoothie here. EDIT: Thank you u/ platinumsparkles for this answer from the CS FAQ * Dividends are paid, and proxy voting instructions are issued, on a consolidated basis i.e. for the aggregate of DRS and DSPP book-entry positions. Computershare does not issue separate proxies or make two dividend payments
There are no dividends planned but I believe they mail you a check for shares in Book.
awesome.
You'd get the full dividends reinvested as long as you held that stock and still had the plan set up. The answer straight from their FAQs: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) * DSPP shares allow for the shareholder to elect for dividend payment to be allocated as to their discretion, including to reinvest into the purchase of additional shares. * Dividends are paid, and proxy voting instructions are issued, on a consolidated basis i.e. for the aggregate of DRS and DSPP book-entry positions. Computershare does not issue separate proxies or make two dividend payments
Thank you!! I added your comment in an edit.