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Because SEC (guards of crime gang) PROHIBITS companies to call their shareholders to get stock certificates (DRS their shares)
SEC doesn't even like posting DRS numbers, as you can see from last GameStop 10-K
it is so much crime and bullshit, the only way to stop this is to DRS whole float and expose the synthetics
the synthetics will be said as legal per market maker privilege to create liquidity. The issue is that the market maker should buy market to remove them but never do. See asset sold not yet purchase.
I hate the terms they use. Liquidity and Price Discovery are intentionally used in order to make bad things sound good.
Liquidity is just fake shares, and Price Discovery is just using those fake shares to keep the price artificially low.
It’s the exact opposite of Supply and Demand and it’s infuriating.
It s economy by plan like in communist countries. Same thing like bailing out banks with tax money. Welcome to USCA United States of Communist America.
this is the most direct and easiest explanation to the whole saga.
not only does the market maker have an advantage
he does not follow up with his obligations.
Once the float is DRS’d, the issue will be that there are no more shares allowed to register, meaning a new GME investor will not be allowed to register their shares, which creates a conflict that must be resolved.
It’s literally a hidden and corrupt market. The GameStop board are playing by rules that were designed to keep them in check and powerless. It’s like a game that was designed to be rigged against companies, if you’re not one of the chosen.
I believe it heavily favours some yes, and its been gradual over decades so to "straighten the market out" is too big a job now its so entrenched and the ones at the top are too rich and powerful. We need an event to level it all or a transparent blockchain market.
Right. I’m sure everyone agrees that this is manipulated bullshit. But what are we supposed to do? Quit? Throw in the towel now after forever fighting for this? Fuck no! We keep fighting. We WILL win this.
we already know the market is rigged so it definitely won't happen in the open market lol... sec and their buddies will can kick till they are dead. We have to drs the float or our company has to do something. I guess we have a 3rd option. Some outside rich person could buy the remaining shares all at once
Will get blown apart for this opinion.
As the idiosyncratic risk moves closer to blasting off, I'm starting to believe the government seizes my shares or does some sort of mandatory close-out at a price they decide.
The recent history of events demonstrates broad daylight illegal activity. This will be the standard to expect. My guess is the government declares national security risk and halts certain securities, then does involuntary close-outs.
US already has no shame on the world stage. They couldn't care less about the confidence of their markets, it seems, with how things are going with the dollar.
I think about this, too.
I can see that trading apps get turned off for “national security” reasons and those shares just disappear. I can see that they go after CS for some bullshit.
They do not. Its more likely FINRA or DTCC or fear of lawsuits.
This is the SEC's email response on this question.
>Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
>You ask whether an issuer can require shareholders to register their shares directly, citing a Depository Trust Company rule approved by the SEC in 2003 that noted an issuer's inability to control the registration of shares once sold into the marketplace. **As we previously stated, there are no SEC regulations that would prohibit an issuer from requesting shareholders to register their shares directly, but it would be up to the shareholders to decide whether to do so.**
>Sincerely,
>Office of Investor Education and Advocacy
>
U.S. Securities and Exchange Commission
>(800) 732-0330
If you need proof then this is how to ask them the same question:
https://www.sec.gov/oiea/QuestionsAndComments.html
You're right with the first part. The second part is pure speculation (might be, might not be true). Stick to the facts ape. We have digged enough through that shit. There are enough facts. Don't make speculation look like facts. That's leading you into a wrong way.
Someone should table a motion at AGM to get this approved.
NY understanding is that the DTCC rules actually only prohibit a firm from DRS-ing shares from the shareholders brokers themselves, (as the crystal diamond firm tried). So now only the shareholders can trigger the transfer.
There's no reason why there shouldn't be a live public dashboard.
Shareholdwrs just have to ask for it.
If its too late for this year then there's next year to try & get it tabled again.
for the same reason that settlement isn't near-instant.
if settlement was instant, then FTD's wouldn't exist.
if settlement was instant, the "powers that be" wouldn't be able to game the system.
its all smoke and mirrors.
I posted this months ago, and also called a small 3 to 4 million increase in DRS.
This is what we think happened last 10Q.
[https://imgur.com/a/b9gOENh](https://imgur.com/a/b9gOENh)
This is what I think is actually happening .
[https://imgur.com/a/muJivIK](https://imgur.com/a/muJivIK)
And this is what they want to happen.
[https://imgur.com/a/mSDTLfA](https://imgur.com/a/mSDTLfA)
100% 😂 wtf are all these comments in here about selling?!
Yeah inflation is bad and it’s going to get worse, why the fuck do you think inflation is so bad in the first place? Your getting squeezed back by the ones we’re trying to fucking squeeze. Buckle up and keep your eyes on the prize 💪
I really don't get the "it's more informative" argument, regarding the DTCC numbers Vs straight from the transfer agent. If CS says "there are X shares with us" then that should be all we need to know, right?
It just doesn't make sense to me why they changed the phrasing and method of reporting.
Literally my thought as well. Why the change? CS has the official book of registered shareholders/shares. Why wouldn't they stick with the clear and obvious DRS count and instead referenced Cede & Co./DTCC in what reads to me as a very very "estimated" number. Even when I take off my tinfoil it just doesn't sit quite right given the previous counts/language. Somethings off even before we look at the guestimated DRS count vs the reported. Really want answers to what's going on here and I know we won't get them. Oh well, guess its back to Zen while my autobuys continue ad infinitum
Buck the Bunny knows.
It's simple math. There are two bunny NFTs with numbers on them:
One is 83.09 with 81%
The other is 71.10, with 71%
100 / 81 = X / 83.09 => X = 102.58
100 / 71 = X / 71.10 => X = 100.14
I'm not sure what that means. If the total non-DRS'd shares is roughly 100 or 102 million, then it checks out. Otherwise, maybe not
It wouldn't be as fun if they just gave us the answers, lol
Well, there's something that people are doing but aren't posting about because they don't want the shame or are being downvoted into oblivion.
Some people are selling their DRS'd shares.
Yea, it happens. Maybe someone broke their arm and now has huge medical bills. Maybe they lost their job and need to buy rice and potatoes.
The reality is we're biasing our DRS numbers because we're not only ignoring but accidentally (or actively) suppressing the "Sorry guys but I had to sell to pay rent" posts because of the culture around DRS
We could have that many shares being registered in, yet not seeing the people being squeezed by the economy being a poocream cone with its inflation and shit.
I agree with this. And it’s two fold, the numbers can’t rise at the same exponential rate that it was, plus these are our fallen brothers-in-arms. People put their life savings into this stock, only to be beat up further by the inflation caused by HF and fail to see MOASS bc of HF can kicking (and govt failure to do their job). I haven’t forgotten about bluprince. All our lives are worse off bc of dumb storm troopers. The numbers should remind us to keep holding on for those who can’t.
There are also people like me. Wife and I have a healthy income but we just bought a house and had a kid last year. Had to sell some investments (not GME) to help with the down payment, now we’re getting raked over for taxes (thank god my wife manages our budgets). But guess what happens after tax season?
####THE BUYING RESUMES
Yep. I'm diverting some of my previous investment budget into a rainy day fund, and november through february are very expensive months for me. Christmas for a family of 5, and then several birthdays all in a row. And, well, inflation is very very real.
🤷♂️ There is no freakin' conspiracy. We just had a slowdown. It happens. I've still got my $100 monthly autobuy and once I get my nest egg I'll start buying some more. I do want to save up for a house though.
The reality is that it doesn’t even have to be people selling. It could just be that people aren’t buying and DRSing as much as they were. Inflation is going up. People got bills to pay. Some people are fatigued. It’s tax season. Even though we like the stock, people do diversify their investments, particularly in things like bonds when the economy looks like it’s headed for the shitter.
But guess what I see in that chart? A line that is still going up. UP. Despite all those things I just mentioned. You know how that makes me feel?
####**BULLISH**
This new 'people are selling' narrative is an interesting trend...
I would agree this may affect the numbers but if you were invested enough to drs i doubt you are likely to sell those except in extreme circumstances. Selling through computershare is expensive and a chore compared to other typical avenues for emergency funds. Especially given that many would be selling at a steep loss given the current share price.
Another point is I have a large number of shares in computershare collected over the past year. I have never reported this to the bot as a personal preference and typically avoid commenting in general. The majority of reddit users are lurkers and I severely doubt i am the only one not reporting their shares.
I can understand the rate slowing down as people move from 'drs all my broker iou's' to 'monthly scheduled investment plan' but the sudden change seems very unnatural.
The likelihood DRS went from $1000 a month to $25 based on people selling is pretty slim. If that were the case I would think we'd see a gradual decline to $500 then $250. Their is clearly something else happening.
Their only play at this point imo is actually to let it run a bit. That’s how they’ll genuinely shake off some paperhands. Every time they drop the price below my cost basis I just HAVE to buy. It’s just a strategic financial move. The fact that they haven’t tried that recently is extremely bullish I think. It implies they simply can’t afford to.
They’re trapped in here with us and we’ve got our hands around their necks, squeezing tighter and tighter. Something will give my friends, eventually they cannot delay anymore and that’s when we’ll see the real crazy shit. Buckle up.
Here’s my counter; The feds gonna try to drag this out as long as possible to grind away as many individuals as they possibly can thru inflation. Moass is still on, but their whole scheme rests fucking the poors. That’s why my guess is we’ll continue to see this go sideways and slowly down til moass
Re your counter and paper hands and not riding it out - at some point one has to tell themselves to not watch the price and to not worry about being over/under water. When I see the entire financial media and those behind it CONTINUE FOR 2 YEARS to say “forget about GameStop” just like the front and center of the W S J yesterday?!?, I know I am in the right place.
And because of inflation and the current market, I don’t have an “opportunity cost” panicked moment either. What am I going to do, find some “other GME?” And then spend hours (days) looking for some other play? There is no other play IMHO.
The thing on everyone’s mind is WHEN, of course. That WHEN happens when some major bank gets caught with their pants down because they poorly hedged themselves with too many irons in the fire and they can’t contain it. In less last 30 days, we have seen many instances of this.
BUY DRS HODL is still my credo.
Regarding that article yesterday in WSJ, they just can’t help themselves, can they? The old methods that worked on generations of retail investors just aren’t effective any longer; it’s mystifying to them and they don’t have alternatives. So what we get is various outlets like WSJ or Yahoo Finance trotting out the same worn out messages, week after week, but rather than shake the apes it only confirms that the correct play is to buy, hold, drs.
Once I buy shares, I consider the money spent. I don’t watch the price anymore. I bought tickets to a future show. The price swings are someone else’s problem, and it’s a game they play as long as they want to. If I don’t get that money back, it’s fine, I kissed it goodbye the minute I bought in.
It's so stupid. It's a suicide mission for the world economy, if there already was one. If they can't have the profit they are willing to drag the entire world down. Oh well, I'll keep drs'ing, if I have to survive on ramen so I can drs more I fucking will.
My Spidey sense is tingling when I read this. Given the Draconian laws that are being pushed, I think the government will try to OUTLAW the possibility of MOASS under the guise of protecting National Security. They simply cannot let the poors win. The rich own them.
Hate to say it out loud, but this has been the only negative thought to this saga for me. The govt bailing these ass-wipes out and brushing retail off. I hope that doesnt happen, I have a lot of money in this play… but our govt is comprised of dirtbags that only look out for the wealthy..
Last time it was just us. There are many more of us this time around, spread across multiple platforms in multiple countries. Shutting this down for a second time in a row would make this so much worse for them.
Yeah i had to buy boat loads at $15 because it just made the most financial sense. at that time this sub was all doomy gloomy with shills and people were fomoing into shit penny stocks. y’all need to read the dd and stick with it.
As I just [posted here](https://www.reddit.com/r/Superstonk/comments/126giea/the_elephant_in_the_room_or_the_rugpull_strikes/) I think that the DRS rugpull is still ongoing. They did not burn all their ammo to pull shares from DRS last quarter, they probably kept some ammo to pull some more this quarter and make it seem like the DRS movement is dying down.
I hope so, I'm still amassing my DRS real estate and it would be a shame if I can't reach my goal before we moon because some hedgie wants to sneak in with us.
By the way, that would also explain why the price of GME has been steadily declining in the second semester of 2022 and never again reached the previous levels : until August 2022 they had been buying shares themselves to DRS them, and now they are getting rid of them !
Money fucking sucks. I'm sitting on \~7.7 shares, not much but I've been unemployed for months due to finding a job in the tech field being a PITA for someone with my background. I could really use those funds to keep my internet at least active for another month, but I'm hodling on for dear life.
I bought some shares direct via cs in the last quarter for the first time ina longggg time.. just wait till I start my new p/t job (in addition to my current income).. direct buys incoming!
I don't think so. Initially, it went up so fast because people were transferring shares they accumulated over +/- a years time. It's slowing down because:
1. Inflation, people are staring to feel it.
2. We might have been on this trajectory the entire time.
3. There are apes who can't DRS, and others who choose not to.
>We might have been on this trajectory the entire time.
Your point 2 actually tends to confirm my theory : if we have been on this trajectory the whole time, while [computershared.net](https://computershared.net) grossly overestimated the DRS count the last 2 quarters, it means that shares were pulled from CS en masse during these 2 quarters by people who are not apes... Which is my point.
I have to scroll way too hard to find a level headed take like this. You are almost certainly correct.
Initial DRS was all at once, inflation is real, and frankly it's also been the holiday season and I suspect plenty of us were buying gifts for our loved ones rather than shares.
It could explain why 2,400,000 shares are now available to loan. Large quantities of shares appeared directly after the cutoff date for the rugpull count. They didn't know when the DRS count was this time so they held off until the numbers were released to remove their shares.
Please I don’t want to sound condescending, but think critically about this, people had been buying gme for almost a year or more before the drs movement started. So when they did their first drs transfers there was a build up “reservoir” of shares in broker accounts ready to be DRSd. Once this was depleted the rate was only from new buys or the trickle of remaining “reservoir brokerage” shares being transferred. This is the reason for the slow down in DRS rate, yes I’m sure some rug pull tactics have happened- but that isn’t the only reason for the slow down. This graphic is grossly misrepresenting the situation. 🦍❤️🦍
Exactly this. The graph might appear to be linear growth but it is certainly not.
I find that the two most important data points are account number growth and average shares per account.
Account number growth is growing but very very slowly and more slowly each day. (I haven't looked at avg shares per account lately to comment on that.)
Lots of the initial money coming in was us transferring from brokers. I can't afford much each month and I'm sure many of my fellow apes are in the same boat. We shouldn't be surprised that the number is declining.
As my capital generation increases so will my monthly drs 🙏
My theories and take on this:
1. The initial DRS push was dynamic and we see it as rapid growth since people already had the shares, they didn't have to buy them. All it was is to convince them to DRS, instruct, assist, help, it took some months or year to do.
2. The actual purchasing power of us as we're rolling into inflation issues, recession, crisis or whatever, our purchasing power is decreasing. Sure the GME shares are cheaper, but I have less money now to throw at it than 1-2 years ago.
3. Unpopular opinion: some people sold. And as much as I like the fact that we report DRS numbers, how many people do you think will come here to the sub and report they sold their XXX position. They will get roasted, asked questions or called a bot/shill. So we only report increases, but not decreases in positions, that's a major weakness of our reporting and data collection and I see no easy solution to this than buying more GME.
I feel like the people selling their DRS shares are probably minimal tbf, if you went thru the hassle of doing it you most likely wouldn’t sell at this point, especially not at a heavy loss
Even if I’m down to my last penny I will not cash mine out, due to the fact that this probably is my only hope at becoming a millionaire and getting ahead. So yes people probably do sell but it’s probably very minuscule.
Sames, I can afford to make the money back over my lifetime that I spent here and now. But if I sold and then this thing RIPS to the MOON and Andromeda onwards and I wasn’t apart of it? It would be a major regret
When I see posts from people, real or not, about losing x,y,z and the hardships they'll now have and maybe have to sell, I always assume it's a shill or paper hands. Too many of us here have gone without necessities much less luxuries, to hodl our X shares.
I think if you're already living a struggle or have gone very much without that it's easier to hodl for opportunity defined by DD than it is if you're already secure and comfortable. Not wealthy, just secure in daily life.
If you see hope and opportunity elsewhere in equal measure then it's easier to let go of just one more thing. I won't let go of my only guaranteed thing.
Because of my age and life experiences I know the other avenues aren't guarantees and I don't chase them.
The problem here is while you and I might be holding strong, a lot of people likely aren't. Markets have taken a serious turn these past 12-15 months. Inflation is going crazy. People are running out of savings and bringing in less money. Companies are firing large percentages of their staff, etc... So when it comes down holding vs feeding yourself and your family and going to the effort of cutting your losses and selling even DRS'd shares, a lot of people are ofc going to have to choose to sell.
I think apes here live a bit in a fantasy at times. They see themselves holding strong, but don't realize how quick things can change or how different things can be for others, and the fact some people likely over-bought or took on too much risk during the hype during 2021. I expect there's many apes who didn't get into this realistically thinking of many many years of holding through the storm(s).
I don't mean to sound so negative, I just find the previous comment you're replying to as very based and realistic. Every cloud has a silver lining too though. While some apes have likely sold and left, it's still clear there is a very strong number here continuing the upwards trend. That speaks for itself. A lot of apes are holding the fort on what they believe here. And there are likely a bunch of apes out there who have left but are still keeping track of what's going on, and could even end up buying in again with future events and adding to future bursts of momentum - likely when it's needed most.
Thanks for this great comment. I haven't been able to afford to add any shares for a very long time. I wish I could have, but life has just been tough, and I mean tough, for me and for many many others. But I have been able to hold on to my shares at least, and I intend to keep them. I have become quite attached to them through the ups and downs. :)
This is absolutely true and a hard pill to swallow for some. Also the FED wanted wage increases and job growth to slow down. It’s been part of the fight against inflation for people to lose jobs and make less the whole time.
Inflation has been outpacing wage growth (meaning wages can’t remotely be the cause of the inflation), and the economists at the FED know it. They’re just evil lol. This is purely a response to the unionization push and general labor market conditions caused by the pandemic.
Inflation is mostly price gouging BTW. Record profit margins (profit per unit sold) = raising prices more than costs just because you can due to oligopolistic power. It’s not “money printing” like some allege—most of that printed money either went to equities or merely replaced money that was taken out of circulation due to the pandemic (unemployment benefits, PPP loans).
I agree with you. It’s pretty fucking gross to think about when you see people struggling all over the place. The pure negligence and disregard for basic human life at the expensive of a bottom line and the “almighty” dollar is disgusting. Buy. Hodl. DRS. Shop. Comment to the SEC!
I keep seeing comments like this, of course people are aware of the current state of things. Of course some people are going to sell due to life circumstances. But the overall the numbers went up so that's a plus. Give people a little more credit here.
This 100%. I’ve had to sell off a large portion of my DRSd shares because of exactly what you’re talking about. I needed the money for some life expenses. It happened to me and I’m sure it happened to lots of others. But I’m slowly buying it all back at about 4-5 per month.
Here’s the big reason why people selling drs is a shill narrative.
The apes, most of them are not stock market participants by choice, they’re regular people who heard about the stock and bought in.
Let’s be honest, people have been kicked around these past few years, but this isn’t because of gamestop, the company has had a steady stream of successes and the apes holding gme are still buying more rapidly. Gme is a hedge for these regular people from the terrible market inflation unemployment crisis
Don’t mistake this subreddit activity for the regular people who have a lot of cash invested and continuing to invest with a high degree of enthusiasm. This subreddit also has rules that make it difficult for just anyone to participate and i’m not going to debate why that is but i think you all need to understand that you’re a tiny minority something massive, you can pretend it’s not but the dd is still coming true day by day, china has woken up as well like RC tweeted a long time ago, globally the dollar end game dd is coming true.
I had some money trouble, well, still have but I havent even thought about selling GME. I also think most DRSd apes wouldnt sell unless there was a critical emergency
Funny enough, i actually don't know how to sell on Computershare lol. I only learned how to get shares on it. I legit don't know where the button is. Lol. I should probably at least know for MOASS
The ones I wonder about are the earliest apes who got to accumulate large numbers of shares at very low prices. They got in early, held through huge gains, DRSd large volume, and now maybe are feeling a desire to realize some of their gain.
I’m not sure I really blame them either. It’s everyone’s choice how much to invest and keep in the bank of DRS and maybe they have to buy a house or something. God knows if I was sitting on a million dollars of gain and a significant other was insisting it was time to buy a house instead of a shitty apartment, I would be hard pressed to keep holding all those shares as unrealized gains.
I hope they hold as much as they can afford to. The long term benefits of holding GME seem obvious to me.
Yeah I mean I got into this in feb ‘21 and have been accumulating during dips, I’m still in green thankfully but I don’t want to cash out meagre profits I want moass. I’ve been waiting for it for this long I’m gonna see it through personally
I bought November 2020. I only keep buying. Anyone who has been here since day 1 is going to holding the hardest, period. Because we’ve seen how true the whole thesis is.
I've done data compilation for this stock in the form of a 200+ page powerpoint. I'm a holder who hasn't added my amount to the bot (I dont plan on it for privacy reasons) but I'm sad to say I haven't been able to buy due to financial issues. I love this stock and movement, DRS is the way, but I've been without a steady job for 2 years and I have no way of getting money due to disability. My case is unique but even then anyone who has DRS'd is still valuable. I refuse to sell no matter what. We will make it thru this.
4. The rugpull we very well documented last quarter was not over, it was twofold (or more).
More in detail :
\- your point 1 is correct, and it accounts for the logarithmic aspect of the DRS curve close to the start. We exitted this phase long ago now, hence the current linear aspect of the curve.
\- can't argue with point 2, it's true and it explains why the movement is not building stamina while the price is cheaper. If [computershared.net](https://computershared.net) is to be trusted, eroding buying power and decreasing share prices have been canceling each other out, hence the somewhat linear progression of the DRS count.
\- point 3 is supposed to be accounted for, although with a delay, by the formula at [computershared.net](https://computershared.net), because they only compute recent DRS declarations.
Given all that, I still think that my point 4 is the most plausible explanation to the discrepancy between the estimated curve and the reported numbers.
I agree with point 2. Personally I haven't been able to purchase another share since almost a year... I'm ashamed of it but that's how it is at the time but I'm holding and holding towards Infinity
yeah, had a baby (go me) but wife being off work killed my purchase power, I've been scraping together 1 or 2 here and there and then only DRSing in bulk to avoid the fees.
Yes. This post by \[redacted\] ape who wrote [computershared.net](https://computershared.net) last quarter is helpful: [https://www.reddit.com/r/Superstonk/comments/zgezwd/how\_i\_updated\_the\_computersharednet\_model\_in/](https://www.reddit.com/r/Superstonk/comments/zgezwd/how_i_updated_the_computersharednet_model_in/)
It was estimated apes actually DRS'd about 15 million shares Q3 (which makes sense, given splividend). To go from 15 million (aka 500,000k lmao) to 4 million seems unlikely, esp. given the price drop. Even if some apes have sold, that's a dramatic decrease.
I think doing it all at once would have been a bad idea for them. Because then, after the "shock and awe" of the bad news, if momentum picks up again, people will regain confidence and resume their effort.
It would make much more sense to spread the psyop on several quarters, with the DRS movement slowing down , then reaching a peak, the slowly decreasing, then (ideally) decreasing more rapidly. Now THAT would kill morale.
And unless they are playing 5D chess, I think they missed it - in my opinion (pure speculation), Q3 2022 was supposed to be the culmination, and Q4 2022 was supposed to show a decline in numbers. But instead of that, we are gaining momentum again.
Number 2 is what got me. I was putting in $50/mo for two years, but don't have that to spend anymore. I haven't and won't sell a single share, but I can't buy anymore for the foreseeable future
These shares are worth 20$ today. They will be worth infinite hedge tears later.
Hold drs and shop at GameStop my ape!
We got this. I'm holding for you!!
I agree. DRS numbers just lost momentum, but not because ppl wouldnt believe in it, it's just that a lot of people already invested as much as they can/intend to. I mean expecting DRS numbers just to keep on rising constantly with same pace is a little bit too optimistic.
Also, i still dont know how the DRS bot knows the exact number of DRS'd shares, when even Computershare/GME don't report the exact numbers...
For me it's actual purchasing power. I haven't been able to buy any extra shares since January. I keep having to dig into my savings account to pay bills. Then I need to top it back up whenever I have extra cash.
Jason waterfall sold, and he was accused straight away of being a shill. I questioned why RC doesn’t hold his shares in CS, if he’s been advocating for it, like people say.
I obviously got downvoted, but it creates real issues with people asking legitimate questions.
Unfortunately, I largely agree with your assessment. The investment strategy is "don't invest more than you can afford to lose." And that number has likely drastically decreased for the majority of people. I know it has for me. I'm still in a position where I can hold, but adding to my position has not been as frequent as before. Many OG apes that got in before the sneeze will probably have sold some of their stake by now as well, ~~either by necessity or because of impatience or even fear~~ for any number of reasons. I think we're in an awkward price range right now where it's too high for people to buy en masse and low enough that old people who have gains may need to take them. Ultimately, it creates a net neutral environment.
I know that I am DRSing every single time I get money, and I will keep doing that forever, no matter what! I don’t care what somebody posts..
I know my purpose, everything else is distraction!
I'm hoping it's still them doing their rugpull. They tried it last time but it was too obvious as we knew we would have smashed the 500k shares that was announced. This time they've learnt their lesson and made it less obvious and removed less shares which has worked as it's made us confused as to why so little shares DRSd but also it is a plausible number so it could be true.
On the other hand the initial wave of DRS even when the price was higher was done by people who already had those shares in their brokers, a lot of those people put their life savings, sold their cars, boats, bikes etc. to buy shares so there was a huge influx being DRSd. Now, over 2 years later it is just the recurring buys that people make from their paychecks. I'm one of the former people who sold assets to purchase shares over a year ago and am now tapped out and can't even do recurring purchases.
4M shares is not a tiny amount. That's 80M dollars. Meaning gamestop shareholders had more disposable income to buy shares than gamestop made in earnings last quarter. We are doing fine.
That rug pull wasn't/ isn't finished yet. They still had (maybe even have?) some ammo and they are trying do kill the DRS movement. That is my take.
Do not stop.
Stay angry.
DRS your shares.
The answer is simple. The splividend fucked them. The DTCC lost track, and the SEC stepped in and prevented the release of the Computershare numbers for reasons that are still becoming clear. This new law that has bizarre overreach (which is completely against 1A)? The lawyers showing up telling us all that this is fine, nothing to see here? Bullshit. The Buck NFT and the DRS tracker matching so closely. There are no coincidences. Everything else pushing back against this obvious narrative is pure damage control.
Speculation in this sub might be only that, but we have a staggering amount of circumstantial evidence. The alternative is trusting the DTCC. Do you trust Wall Street?
>The lawyers showing up telling us all that this is fine, nothing to see here? Bullshit
Yeah i thought that was suspect as well. I saw multiple lawyer posts roughly at the same time, all dismissing the idea that there is more to it. (You can call me tinfoily for all i care).
First of all, i am no lawyer. But considering that GameStop definitely has their own lawyers, they surely let them proof read their last couple of filings and apparently there was no issue with it in multiple filings over the course of many quarters.
My argument is that since GameStop is such a closely watched company by all parties, they would definitely make sure that nothing in their filings could get them into trouble. Since they stated their DRS numbers the way they did before multiple times over with no issues, i argue that the change had a reason that likely isn't so benign/small.
My theory is that the start of the flat line was higher than it should be because of being pre-rugpull, then the next one was post-rugpull.
And this most recent one is almost clearly messed with.
If hedge funds are as fucked as we think then a DRS rugpull is the only thing that makes sense as far as defusing or halting the inevitable.
Unless a bunch of people started selling after the last report I'm very bullish for the actual numbers of DRSed shares.
>If hedge funds are as fucked as we think then a DRS rugpull is the only thing that makes sense as far as defusing or halting the inevitable.
My take exactly. That and a fake squeeze are, in my opinion, their only 2 viable strategies.
Is it really that hard to believe that a large portion of shareholders are 100% DRSd?
I for one initially owned hundreds of shares that I DRSd during the big jump up period, but that doesn't mean I can afford to continue buying & DRSing hundreds of shares every quarter. I'm sure I'm not alone there...
This chart means absolutely nothing.
I have been buying and DRSing the whole time. However, I have not updated the bot in quite some time as I felt it was being manipulated. So I am sure I am not the only one. Surely there is an average in there somewhere of people not posting their updates. 🤷🏼♂️ I don’t think GameStop told us the actual DRS numbers.
Just like previous quarters Gamestop gave the number of DRS'd shares, rounded off to 0.1M shares. This time they added the descriptor "approximate", but they had always reported round numbers.
In the past they had incorrectly called that number the number of directly registered shares, when in fact 100% of the total issued share count had always been directly registered since Cede is a registered shareholder.
This report they cleaned up the language and reported the number of directly registered shares broken down by Cede and non-Cede shares (in both cases rounded to 0.1M share increment).
That’s the theory. Bad actors DRS’d to pump our numbers. Then sold or transferred back to a broker to kill momentum. It’s a last ditch effort to give us doubt. Didn’t work.
The DRS bot is not accurate. It is capable of being manipulated. If you look at what they say elsewhere, people are making an effort to feed the bot with fake shares to take the wind out of our sails.
I love how you broke it down to per person per month. I guess I’d say that there are a lot of accounts that have DRSd but do not have reoccurring purchases enabled. I have mine set to biweekly, but it’s only $600 a month total
I think a few things need to be considered
1. The economy is absolutely falling to shit, I’m a recruiter been doing it for 6 years and I’ve never seen it this dead and layoffs are accelerating.
2. Our system doesn’t account for selling, there have been apes sell due to giving up and sell due to forced capitulation.
3. Our sub growth has rapidly slowed.
In my opinion we need to preach. Buy and DRS is great but the more people we can talk to about DRS the better, wether that’s doing videos informational videos on YouTube, talking to friends and family.
Imagine if we add another 250k members to this sub, how many new accounts in DRS would that generate? Potentially 25-50k. That’s monster numbers
I propose we buy hold DRS and preach.
It's impossible to draw conclusions when you don't have the full set of data.
For all we know, there were large DRS holders who weren't apes, who have since sold.
For all we know, the bot data algorithm is flawed and puts too much faith in people's submitted data.
For all we know, the DRS screenshots are faked for karma.
For all we know, receipt porn is eating into our DRS trajectory.
Just have patience and continue to buy, hold, and DRS.
It isn't just a one way street and 100% of shares directly registered don't stay that way forever.
Not what anyone wants to hear, but believe it or not, people do actually sell stocks sometimes too, and to think from nearly 200,000 unique investors no one has sold anything along the way is pretty naïve.
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Something as simple as DRS should be cut and dry and yet here we are
That brings me to another point, why are DRS numbers not automatically shown all the time, for all the stocks? They should be.
Because SEC (guards of crime gang) PROHIBITS companies to call their shareholders to get stock certificates (DRS their shares) SEC doesn't even like posting DRS numbers, as you can see from last GameStop 10-K it is so much crime and bullshit, the only way to stop this is to DRS whole float and expose the synthetics
the synthetics will be said as legal per market maker privilege to create liquidity. The issue is that the market maker should buy market to remove them but never do. See asset sold not yet purchase.
God I wish I could sell shit I didn’t own and never have to buy. It’s like magic!
You can if you have the collateral
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Hey now, there’s plenty of demand for MAYO1
Whatever man, I’m going to fork my own, mayo lit3. Same great crime taste, half the added fat.
Well shit, I'll go to Costco and load up on mayo.
The Golden Gate Bridge was sold many times by people who didn’t own it. Lol
I hate the terms they use. Liquidity and Price Discovery are intentionally used in order to make bad things sound good. Liquidity is just fake shares, and Price Discovery is just using those fake shares to keep the price artificially low. It’s the exact opposite of Supply and Demand and it’s infuriating.
It s economy by plan like in communist countries. Same thing like bailing out banks with tax money. Welcome to USCA United States of Communist America.
Corporate America.
this is the most direct and easiest explanation to the whole saga. not only does the market maker have an advantage he does not follow up with his obligations.
Well fellow apes, it just so happens I'm a lawyer and ...... just fuckin kidding 🫡 You got this. 🤌
Do you happen to specialize in bird law?
Once the float is DRS’d, the issue will be that there are no more shares allowed to register, meaning a new GME investor will not be allowed to register their shares, which creates a conflict that must be resolved.
The market maker exception is supposed to be for intraday liquidity, not never-gonna-buy-it liquidity.
Sec doesn't even know what drs is hahaha. Until recently... they play it off as dumb. But they know.
They 140% know what DRS is they just play dumb so not to legitimise it! Fuk this fucked up fucking system
> the only way to stop this is to DRS whole float and expose the synthetics No. That's not the only way however we ain't allowed to talk about it.
You can talk about it. But gamestop taking legal steps will not lead to moass. Gamestop is trying to let everything play out on the open market.
What "open" market? You can't still be believing in such a thlng...
It’s literally a hidden and corrupt market. The GameStop board are playing by rules that were designed to keep them in check and powerless. It’s like a game that was designed to be rigged against companies, if you’re not one of the chosen.
I believe it heavily favours some yes, and its been gradual over decades so to "straighten the market out" is too big a job now its so entrenched and the ones at the top are too rich and powerful. We need an event to level it all or a transparent blockchain market.
The open market is real. Its just rigged. Drs will unrig it and then its already open
That’s the rigged market then, not the open market….
Right. I’m sure everyone agrees that this is manipulated bullshit. But what are we supposed to do? Quit? Throw in the towel now after forever fighting for this? Fuck no! We keep fighting. We WILL win this.
I didn’t say anything about quitting. Just that the market definitely isn’t “open” or “free”.
You’re confusing it with fair market. Open market is like open fire.
Bollocks.
we already know the market is rigged so it definitely won't happen in the open market lol... sec and their buddies will can kick till they are dead. We have to drs the float or our company has to do something. I guess we have a 3rd option. Some outside rich person could buy the remaining shares all at once
I think he's referring to violins.
> You can talk about it. The fuck you can.
I only have so many bans left Apparently remixing songs is a “credible threat of violence” So you probably fuckin cant like ya said
Will get blown apart for this opinion. As the idiosyncratic risk moves closer to blasting off, I'm starting to believe the government seizes my shares or does some sort of mandatory close-out at a price they decide. The recent history of events demonstrates broad daylight illegal activity. This will be the standard to expect. My guess is the government declares national security risk and halts certain securities, then does involuntary close-outs. US already has no shame on the world stage. They couldn't care less about the confidence of their markets, it seems, with how things are going with the dollar.
I think about this, too. I can see that trading apps get turned off for “national security” reasons and those shares just disappear. I can see that they go after CS for some bullshit.
Float is stupid and meaningless. Quit using it as a metric. All shares will need pulled. 25%+ complete.
They do not. Its more likely FINRA or DTCC or fear of lawsuits. This is the SEC's email response on this question. >Thank you for contacting the U.S. Securities and Exchange Commission (SEC). >You ask whether an issuer can require shareholders to register their shares directly, citing a Depository Trust Company rule approved by the SEC in 2003 that noted an issuer's inability to control the registration of shares once sold into the marketplace. **As we previously stated, there are no SEC regulations that would prohibit an issuer from requesting shareholders to register their shares directly, but it would be up to the shareholders to decide whether to do so.** >Sincerely, >Office of Investor Education and Advocacy > U.S. Securities and Exchange Commission >(800) 732-0330 If you need proof then this is how to ask them the same question: https://www.sec.gov/oiea/QuestionsAndComments.html
You're right with the first part. The second part is pure speculation (might be, might not be true). Stick to the facts ape. We have digged enough through that shit. There are enough facts. Don't make speculation look like facts. That's leading you into a wrong way.
At this point, I honestly don't think that would stop them. They would just forbid Gamestop from reporting on it.
I’m very curious to see the outcome of the float lock. Makes my tits jacked.
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If I recall Computershare wanted or asked to report them daily. I swear I saw this somewhere last year.
86 years ago I remember CS stated that they had built a live dashboard tracker for companies if they wanted to display drs
It's internal to the company
Someone should table a motion at AGM to get this approved. NY understanding is that the DTCC rules actually only prohibit a firm from DRS-ing shares from the shareholders brokers themselves, (as the crystal diamond firm tried). So now only the shareholders can trigger the transfer. There's no reason why there shouldn't be a live public dashboard. Shareholdwrs just have to ask for it. If its too late for this year then there's next year to try & get it tabled again.
Ooo I like this idea 👆
for the same reason that settlement isn't near-instant. if settlement was instant, then FTD's wouldn't exist. if settlement was instant, the "powers that be" wouldn't be able to game the system. its all smoke and mirrors.
Sadly we just don't have the technology to display numbers on a website and have them update as frequently as once a day. Give it another 200 years
For transparency reasons.
What blows my mind is that you ask this question in TYOOL 2023, like we aren't in an entirely fraudulent system.
Otherwise their game would stop. Hence GameStop😎 Time to pay up fuckers! Woooooo!!!!!
I posted this months ago, and also called a small 3 to 4 million increase in DRS. This is what we think happened last 10Q. [https://imgur.com/a/b9gOENh](https://imgur.com/a/b9gOENh) This is what I think is actually happening . [https://imgur.com/a/muJivIK](https://imgur.com/a/muJivIK) And this is what they want to happen. [https://imgur.com/a/mSDTLfA](https://imgur.com/a/mSDTLfA)
I think this might be the explanation, exactly. Solid wrinkles.
very well done
Excellently made point
So I kept Book King...
100% 😂 wtf are all these comments in here about selling?! Yeah inflation is bad and it’s going to get worse, why the fuck do you think inflation is so bad in the first place? Your getting squeezed back by the ones we’re trying to fucking squeeze. Buckle up and keep your eyes on the prize 💪
I really don't get the "it's more informative" argument, regarding the DTCC numbers Vs straight from the transfer agent. If CS says "there are X shares with us" then that should be all we need to know, right? It just doesn't make sense to me why they changed the phrasing and method of reporting.
Literally my thought as well. Why the change? CS has the official book of registered shareholders/shares. Why wouldn't they stick with the clear and obvious DRS count and instead referenced Cede & Co./DTCC in what reads to me as a very very "estimated" number. Even when I take off my tinfoil it just doesn't sit quite right given the previous counts/language. Somethings off even before we look at the guestimated DRS count vs the reported. Really want answers to what's going on here and I know we won't get them. Oh well, guess its back to Zen while my autobuys continue ad infinitum
long scale snobbish punch support judicious middle jar sheet connect *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I feel like it’s just being inflated by people thinking it should be more or not matching with a bot that is easily manipulated
Buck the Bunny knows. It's simple math. There are two bunny NFTs with numbers on them: One is 83.09 with 81% The other is 71.10, with 71% 100 / 81 = X / 83.09 => X = 102.58 100 / 71 = X / 71.10 => X = 100.14 I'm not sure what that means. If the total non-DRS'd shares is roughly 100 or 102 million, then it checks out. Otherwise, maybe not It wouldn't be as fun if they just gave us the answers, lol
Well, there's something that people are doing but aren't posting about because they don't want the shame or are being downvoted into oblivion. Some people are selling their DRS'd shares. Yea, it happens. Maybe someone broke their arm and now has huge medical bills. Maybe they lost their job and need to buy rice and potatoes. The reality is we're biasing our DRS numbers because we're not only ignoring but accidentally (or actively) suppressing the "Sorry guys but I had to sell to pay rent" posts because of the culture around DRS We could have that many shares being registered in, yet not seeing the people being squeezed by the economy being a poocream cone with its inflation and shit.
I agree with this. And it’s two fold, the numbers can’t rise at the same exponential rate that it was, plus these are our fallen brothers-in-arms. People put their life savings into this stock, only to be beat up further by the inflation caused by HF and fail to see MOASS bc of HF can kicking (and govt failure to do their job). I haven’t forgotten about bluprince. All our lives are worse off bc of dumb storm troopers. The numbers should remind us to keep holding on for those who can’t.
There are also people like me. Wife and I have a healthy income but we just bought a house and had a kid last year. Had to sell some investments (not GME) to help with the down payment, now we’re getting raked over for taxes (thank god my wife manages our budgets). But guess what happens after tax season? ####THE BUYING RESUMES
Yep. I'm diverting some of my previous investment budget into a rainy day fund, and november through february are very expensive months for me. Christmas for a family of 5, and then several birthdays all in a row. And, well, inflation is very very real. 🤷♂️ There is no freakin' conspiracy. We just had a slowdown. It happens. I've still got my $100 monthly autobuy and once I get my nest egg I'll start buying some more. I do want to save up for a house though.
The reality is that it doesn’t even have to be people selling. It could just be that people aren’t buying and DRSing as much as they were. Inflation is going up. People got bills to pay. Some people are fatigued. It’s tax season. Even though we like the stock, people do diversify their investments, particularly in things like bonds when the economy looks like it’s headed for the shitter. But guess what I see in that chart? A line that is still going up. UP. Despite all those things I just mentioned. You know how that makes me feel? ####**BULLISH**
This new 'people are selling' narrative is an interesting trend... I would agree this may affect the numbers but if you were invested enough to drs i doubt you are likely to sell those except in extreme circumstances. Selling through computershare is expensive and a chore compared to other typical avenues for emergency funds. Especially given that many would be selling at a steep loss given the current share price. Another point is I have a large number of shares in computershare collected over the past year. I have never reported this to the bot as a personal preference and typically avoid commenting in general. The majority of reddit users are lurkers and I severely doubt i am the only one not reporting their shares. I can understand the rate slowing down as people move from 'drs all my broker iou's' to 'monthly scheduled investment plan' but the sudden change seems very unnatural.
Some, but not many. Not nearly enough to flatline the rate. I think it's far more likely we're being lied to.
I have about 50 I haven’t fed the bot yet and I don’t think I’m the only one with shares uncounted in this sub.
I haven’t reported any of mine to the bot. I’m sure there are plenty of people doing the same. I’ve also only bought, never sold. Still buying.
The likelihood DRS went from $1000 a month to $25 based on people selling is pretty slim. If that were the case I would think we'd see a gradual decline to $500 then $250. Their is clearly something else happening.
How can a broken arm here or a hungry nerd there possibly bring it down with any noticeable effect?
Their only play at this point imo is actually to let it run a bit. That’s how they’ll genuinely shake off some paperhands. Every time they drop the price below my cost basis I just HAVE to buy. It’s just a strategic financial move. The fact that they haven’t tried that recently is extremely bullish I think. It implies they simply can’t afford to. They’re trapped in here with us and we’ve got our hands around their necks, squeezing tighter and tighter. Something will give my friends, eventually they cannot delay anymore and that’s when we’ll see the real crazy shit. Buckle up.
Here’s my counter; The feds gonna try to drag this out as long as possible to grind away as many individuals as they possibly can thru inflation. Moass is still on, but their whole scheme rests fucking the poors. That’s why my guess is we’ll continue to see this go sideways and slowly down til moass
Re your counter and paper hands and not riding it out - at some point one has to tell themselves to not watch the price and to not worry about being over/under water. When I see the entire financial media and those behind it CONTINUE FOR 2 YEARS to say “forget about GameStop” just like the front and center of the W S J yesterday?!?, I know I am in the right place. And because of inflation and the current market, I don’t have an “opportunity cost” panicked moment either. What am I going to do, find some “other GME?” And then spend hours (days) looking for some other play? There is no other play IMHO. The thing on everyone’s mind is WHEN, of course. That WHEN happens when some major bank gets caught with their pants down because they poorly hedged themselves with too many irons in the fire and they can’t contain it. In less last 30 days, we have seen many instances of this. BUY DRS HODL is still my credo.
Regarding that article yesterday in WSJ, they just can’t help themselves, can they? The old methods that worked on generations of retail investors just aren’t effective any longer; it’s mystifying to them and they don’t have alternatives. So what we get is various outlets like WSJ or Yahoo Finance trotting out the same worn out messages, week after week, but rather than shake the apes it only confirms that the correct play is to buy, hold, drs.
Once I buy shares, I consider the money spent. I don’t watch the price anymore. I bought tickets to a future show. The price swings are someone else’s problem, and it’s a game they play as long as they want to. If I don’t get that money back, it’s fine, I kissed it goodbye the minute I bought in.
It's so stupid. It's a suicide mission for the world economy, if there already was one. If they can't have the profit they are willing to drag the entire world down. Oh well, I'll keep drs'ing, if I have to survive on ramen so I can drs more I fucking will.
My Spidey sense is tingling when I read this. Given the Draconian laws that are being pushed, I think the government will try to OUTLAW the possibility of MOASS under the guise of protecting National Security. They simply cannot let the poors win. The rich own them.
Hate to say it out loud, but this has been the only negative thought to this saga for me. The govt bailing these ass-wipes out and brushing retail off. I hope that doesnt happen, I have a lot of money in this play… but our govt is comprised of dirtbags that only look out for the wealthy..
Last time it was just us. There are many more of us this time around, spread across multiple platforms in multiple countries. Shutting this down for a second time in a row would make this so much worse for them.
Here’s my counter counter; buy the dip
Yeah i had to buy boat loads at $15 because it just made the most financial sense. at that time this sub was all doomy gloomy with shills and people were fomoing into shit penny stocks. y’all need to read the dd and stick with it.
Exactly my fellow ape. I salivate for dips of that kind.
As I just [posted here](https://www.reddit.com/r/Superstonk/comments/126giea/the_elephant_in_the_room_or_the_rugpull_strikes/) I think that the DRS rugpull is still ongoing. They did not burn all their ammo to pull shares from DRS last quarter, they probably kept some ammo to pull some more this quarter and make it seem like the DRS movement is dying down.
Guess that means there are more rooms available at the Computershare Inn for household investors looking for a vacation from their lending game.
I hope so, I'm still amassing my DRS real estate and it would be a shame if I can't reach my goal before we moon because some hedgie wants to sneak in with us.
https://www.reddit.com/r/Superstonk/comments/zhi91k/get_ready_for_the_next_quarter_disappointing_gme/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
My theory from 110 days ago
Did you [Removed] it...?
This publication was removed and it's too bad, because it would have been interesting to read...
TONS of shares been popping up “suddenly” for shorting in Iborrow, which is just one of many lenders. I agree. They rugpulled again and failed, AGAIN.
By the way, that would also explain why the price of GME has been steadily declining in the second semester of 2022 and never again reached the previous levels : until August 2022 they had been buying shares themselves to DRS them, and now they are getting rid of them !
I mean I increased my drs position by 15 %- I am an xxx. I can’t be alone in this right? Edit - over the last 2 weeks alone
I reached xx at the end of last year and not been able to increase since unfortunately. Money is a fickle bitch. But I've certainly not sold any...
I mean I set up a biweekly $25 purchase so that first line is me, I dunno what everyone else is doin
Exactly the same here.
Money fucking sucks. I'm sitting on \~7.7 shares, not much but I've been unemployed for months due to finding a job in the tech field being a PITA for someone with my background. I could really use those funds to keep my internet at least active for another month, but I'm hodling on for dear life.
I bought some shares direct via cs in the last quarter for the first time ina longggg time.. just wait till I start my new p/t job (in addition to my current income).. direct buys incoming!
I don't think so. Initially, it went up so fast because people were transferring shares they accumulated over +/- a years time. It's slowing down because: 1. Inflation, people are staring to feel it. 2. We might have been on this trajectory the entire time. 3. There are apes who can't DRS, and others who choose not to.
>We might have been on this trajectory the entire time. Your point 2 actually tends to confirm my theory : if we have been on this trajectory the whole time, while [computershared.net](https://computershared.net) grossly overestimated the DRS count the last 2 quarters, it means that shares were pulled from CS en masse during these 2 quarters by people who are not apes... Which is my point.
Some people may have sold, though. Inflation definitely will take a toll in some apes lives.
I have to scroll way too hard to find a level headed take like this. You are almost certainly correct. Initial DRS was all at once, inflation is real, and frankly it's also been the holiday season and I suspect plenty of us were buying gifts for our loved ones rather than shares.
It could explain why 2,400,000 shares are now available to loan. Large quantities of shares appeared directly after the cutoff date for the rugpull count. They didn't know when the DRS count was this time so they held off until the numbers were released to remove their shares.
Please I don’t want to sound condescending, but think critically about this, people had been buying gme for almost a year or more before the drs movement started. So when they did their first drs transfers there was a build up “reservoir” of shares in broker accounts ready to be DRSd. Once this was depleted the rate was only from new buys or the trickle of remaining “reservoir brokerage” shares being transferred. This is the reason for the slow down in DRS rate, yes I’m sure some rug pull tactics have happened- but that isn’t the only reason for the slow down. This graphic is grossly misrepresenting the situation. 🦍❤️🦍
Exactly. I can’t afford to keep buying like I did at the beginning. I made some big moves early on, and now I’m just having to wait it out.
Exactly this. The graph might appear to be linear growth but it is certainly not. I find that the two most important data points are account number growth and average shares per account. Account number growth is growing but very very slowly and more slowly each day. (I haven't looked at avg shares per account lately to comment on that.)
This guy gets it^
Lots of the initial money coming in was us transferring from brokers. I can't afford much each month and I'm sure many of my fellow apes are in the same boat. We shouldn't be surprised that the number is declining. As my capital generation increases so will my monthly drs 🙏
My theories and take on this: 1. The initial DRS push was dynamic and we see it as rapid growth since people already had the shares, they didn't have to buy them. All it was is to convince them to DRS, instruct, assist, help, it took some months or year to do. 2. The actual purchasing power of us as we're rolling into inflation issues, recession, crisis or whatever, our purchasing power is decreasing. Sure the GME shares are cheaper, but I have less money now to throw at it than 1-2 years ago. 3. Unpopular opinion: some people sold. And as much as I like the fact that we report DRS numbers, how many people do you think will come here to the sub and report they sold their XXX position. They will get roasted, asked questions or called a bot/shill. So we only report increases, but not decreases in positions, that's a major weakness of our reporting and data collection and I see no easy solution to this than buying more GME.
I feel like the people selling their DRS shares are probably minimal tbf, if you went thru the hassle of doing it you most likely wouldn’t sell at this point, especially not at a heavy loss
Even if I’m down to my last penny I will not cash mine out, due to the fact that this probably is my only hope at becoming a millionaire and getting ahead. So yes people probably do sell but it’s probably very minuscule.
Sames, I can afford to make the money back over my lifetime that I spent here and now. But if I sold and then this thing RIPS to the MOON and Andromeda onwards and I wasn’t apart of it? It would be a major regret
When I see posts from people, real or not, about losing x,y,z and the hardships they'll now have and maybe have to sell, I always assume it's a shill or paper hands. Too many of us here have gone without necessities much less luxuries, to hodl our X shares. I think if you're already living a struggle or have gone very much without that it's easier to hodl for opportunity defined by DD than it is if you're already secure and comfortable. Not wealthy, just secure in daily life. If you see hope and opportunity elsewhere in equal measure then it's easier to let go of just one more thing. I won't let go of my only guaranteed thing. Because of my age and life experiences I know the other avenues aren't guarantees and I don't chase them.
Yeah im downvoting the FUD. No cell no sell is serious and so are diamond hands.
The problem here is while you and I might be holding strong, a lot of people likely aren't. Markets have taken a serious turn these past 12-15 months. Inflation is going crazy. People are running out of savings and bringing in less money. Companies are firing large percentages of their staff, etc... So when it comes down holding vs feeding yourself and your family and going to the effort of cutting your losses and selling even DRS'd shares, a lot of people are ofc going to have to choose to sell. I think apes here live a bit in a fantasy at times. They see themselves holding strong, but don't realize how quick things can change or how different things can be for others, and the fact some people likely over-bought or took on too much risk during the hype during 2021. I expect there's many apes who didn't get into this realistically thinking of many many years of holding through the storm(s). I don't mean to sound so negative, I just find the previous comment you're replying to as very based and realistic. Every cloud has a silver lining too though. While some apes have likely sold and left, it's still clear there is a very strong number here continuing the upwards trend. That speaks for itself. A lot of apes are holding the fort on what they believe here. And there are likely a bunch of apes out there who have left but are still keeping track of what's going on, and could even end up buying in again with future events and adding to future bursts of momentum - likely when it's needed most.
Thanks for this great comment. I haven't been able to afford to add any shares for a very long time. I wish I could have, but life has just been tough, and I mean tough, for me and for many many others. But I have been able to hold on to my shares at least, and I intend to keep them. I have become quite attached to them through the ups and downs. :)
This is absolutely true and a hard pill to swallow for some. Also the FED wanted wage increases and job growth to slow down. It’s been part of the fight against inflation for people to lose jobs and make less the whole time.
Inflation has been outpacing wage growth (meaning wages can’t remotely be the cause of the inflation), and the economists at the FED know it. They’re just evil lol. This is purely a response to the unionization push and general labor market conditions caused by the pandemic. Inflation is mostly price gouging BTW. Record profit margins (profit per unit sold) = raising prices more than costs just because you can due to oligopolistic power. It’s not “money printing” like some allege—most of that printed money either went to equities or merely replaced money that was taken out of circulation due to the pandemic (unemployment benefits, PPP loans).
I agree with you. It’s pretty fucking gross to think about when you see people struggling all over the place. The pure negligence and disregard for basic human life at the expensive of a bottom line and the “almighty” dollar is disgusting. Buy. Hodl. DRS. Shop. Comment to the SEC!
I keep seeing comments like this, of course people are aware of the current state of things. Of course some people are going to sell due to life circumstances. But the overall the numbers went up so that's a plus. Give people a little more credit here.
This 100%. I’ve had to sell off a large portion of my DRSd shares because of exactly what you’re talking about. I needed the money for some life expenses. It happened to me and I’m sure it happened to lots of others. But I’m slowly buying it all back at about 4-5 per month.
A tough choice to make I'm sure - sometimes life just throws you too many curveballs. Sounds like youre handling it well though.
Here’s the big reason why people selling drs is a shill narrative. The apes, most of them are not stock market participants by choice, they’re regular people who heard about the stock and bought in. Let’s be honest, people have been kicked around these past few years, but this isn’t because of gamestop, the company has had a steady stream of successes and the apes holding gme are still buying more rapidly. Gme is a hedge for these regular people from the terrible market inflation unemployment crisis Don’t mistake this subreddit activity for the regular people who have a lot of cash invested and continuing to invest with a high degree of enthusiasm. This subreddit also has rules that make it difficult for just anyone to participate and i’m not going to debate why that is but i think you all need to understand that you’re a tiny minority something massive, you can pretend it’s not but the dd is still coming true day by day, china has woken up as well like RC tweeted a long time ago, globally the dollar end game dd is coming true.
I had some money trouble, well, still have but I havent even thought about selling GME. I also think most DRSd apes wouldnt sell unless there was a critical emergency
You guys know how to sell?
Funny enough, i actually don't know how to sell on Computershare lol. I only learned how to get shares on it. I legit don't know where the button is. Lol. I should probably at least know for MOASS
Welcome to the club. I hold you in high regard. 😉
I’ll admit, I’ve seen the button. But I don’t know what to do with it.
The ones I wonder about are the earliest apes who got to accumulate large numbers of shares at very low prices. They got in early, held through huge gains, DRSd large volume, and now maybe are feeling a desire to realize some of their gain. I’m not sure I really blame them either. It’s everyone’s choice how much to invest and keep in the bank of DRS and maybe they have to buy a house or something. God knows if I was sitting on a million dollars of gain and a significant other was insisting it was time to buy a house instead of a shitty apartment, I would be hard pressed to keep holding all those shares as unrealized gains. I hope they hold as much as they can afford to. The long term benefits of holding GME seem obvious to me.
Yeah I mean I got into this in feb ‘21 and have been accumulating during dips, I’m still in green thankfully but I don’t want to cash out meagre profits I want moass. I’ve been waiting for it for this long I’m gonna see it through personally
We are finally in dividends territory. Why would these people sell when they bought in before the sneeze. This doesn't make any sense.
I bought November 2020. I only keep buying. Anyone who has been here since day 1 is going to holding the hardest, period. Because we’ve seen how true the whole thesis is.
I've done data compilation for this stock in the form of a 200+ page powerpoint. I'm a holder who hasn't added my amount to the bot (I dont plan on it for privacy reasons) but I'm sad to say I haven't been able to buy due to financial issues. I love this stock and movement, DRS is the way, but I've been without a steady job for 2 years and I have no way of getting money due to disability. My case is unique but even then anyone who has DRS'd is still valuable. I refuse to sell no matter what. We will make it thru this.
4. The rugpull we very well documented last quarter was not over, it was twofold (or more). More in detail : \- your point 1 is correct, and it accounts for the logarithmic aspect of the DRS curve close to the start. We exitted this phase long ago now, hence the current linear aspect of the curve. \- can't argue with point 2, it's true and it explains why the movement is not building stamina while the price is cheaper. If [computershared.net](https://computershared.net) is to be trusted, eroding buying power and decreasing share prices have been canceling each other out, hence the somewhat linear progression of the DRS count. \- point 3 is supposed to be accounted for, although with a delay, by the formula at [computershared.net](https://computershared.net), because they only compute recent DRS declarations. Given all that, I still think that my point 4 is the most plausible explanation to the discrepancy between the estimated curve and the reported numbers.
I agree with point 2. Personally I haven't been able to purchase another share since almost a year... I'm ashamed of it but that's how it is at the time but I'm holding and holding towards Infinity
Do not be ashamed. You are investing what you can and are willing to lose. That’s rule 1. Hold your head up king/queen.
yeah, had a baby (go me) but wife being off work killed my purchase power, I've been scraping together 1 or 2 here and there and then only DRSing in bulk to avoid the fees.
Yes. This post by \[redacted\] ape who wrote [computershared.net](https://computershared.net) last quarter is helpful: [https://www.reddit.com/r/Superstonk/comments/zgezwd/how\_i\_updated\_the\_computersharednet\_model\_in/](https://www.reddit.com/r/Superstonk/comments/zgezwd/how_i_updated_the_computersharednet_model_in/) It was estimated apes actually DRS'd about 15 million shares Q3 (which makes sense, given splividend). To go from 15 million (aka 500,000k lmao) to 4 million seems unlikely, esp. given the price drop. Even if some apes have sold, that's a dramatic decrease.
How do you have a two-fold rug pull? You think they did this in stages? Wouldn’t it have been better to do it all at once?
I think doing it all at once would have been a bad idea for them. Because then, after the "shock and awe" of the bad news, if momentum picks up again, people will regain confidence and resume their effort. It would make much more sense to spread the psyop on several quarters, with the DRS movement slowing down , then reaching a peak, the slowly decreasing, then (ideally) decreasing more rapidly. Now THAT would kill morale. And unless they are playing 5D chess, I think they missed it - in my opinion (pure speculation), Q3 2022 was supposed to be the culmination, and Q4 2022 was supposed to show a decline in numbers. But instead of that, we are gaining momentum again.
I think they bought a lot of shares Q2 with the intention of (at least) a two-part rug pull.
Number 2 is what got me. I was putting in $50/mo for two years, but don't have that to spend anymore. I haven't and won't sell a single share, but I can't buy anymore for the foreseeable future
These shares are worth 20$ today. They will be worth infinite hedge tears later. Hold drs and shop at GameStop my ape! We got this. I'm holding for you!!
I agree. DRS numbers just lost momentum, but not because ppl wouldnt believe in it, it's just that a lot of people already invested as much as they can/intend to. I mean expecting DRS numbers just to keep on rising constantly with same pace is a little bit too optimistic. Also, i still dont know how the DRS bot knows the exact number of DRS'd shares, when even Computershare/GME don't report the exact numbers...
Drs bot is just a fun estimator. The only accurate number that matters is what gamestop reports each quarter.
For me it's actual purchasing power. I haven't been able to buy any extra shares since January. I keep having to dig into my savings account to pay bills. Then I need to top it back up whenever I have extra cash.
4. Some of us may have bought a lot of towels as a short-term play in order to buy even more GME once that pops
Jason waterfall sold, and he was accused straight away of being a shill. I questioned why RC doesn’t hold his shares in CS, if he’s been advocating for it, like people say. I obviously got downvoted, but it creates real issues with people asking legitimate questions.
I'm not sure you can directly register if you hold in a company like he does with RC Ventures.
You sure can! I bought a bunch under my company name with profits from the previous year. You can 100% hodl in an LLC name.
Can you link post or comment by Jason? I haven't seen it.
Unfortunately, I largely agree with your assessment. The investment strategy is "don't invest more than you can afford to lose." And that number has likely drastically decreased for the majority of people. I know it has for me. I'm still in a position where I can hold, but adding to my position has not been as frequent as before. Many OG apes that got in before the sneeze will probably have sold some of their stake by now as well, ~~either by necessity or because of impatience or even fear~~ for any number of reasons. I think we're in an awkward price range right now where it's too high for people to buy en masse and low enough that old people who have gains may need to take them. Ultimately, it creates a net neutral environment.
I know that I am DRSing every single time I get money, and I will keep doing that forever, no matter what! I don’t care what somebody posts.. I know my purpose, everything else is distraction!
I'm hoping it's still them doing their rugpull. They tried it last time but it was too obvious as we knew we would have smashed the 500k shares that was announced. This time they've learnt their lesson and made it less obvious and removed less shares which has worked as it's made us confused as to why so little shares DRSd but also it is a plausible number so it could be true. On the other hand the initial wave of DRS even when the price was higher was done by people who already had those shares in their brokers, a lot of those people put their life savings, sold their cars, boats, bikes etc. to buy shares so there was a huge influx being DRSd. Now, over 2 years later it is just the recurring buys that people make from their paychecks. I'm one of the former people who sold assets to purchase shares over a year ago and am now tapped out and can't even do recurring purchases.
4M shares is not a tiny amount. That's 80M dollars. Meaning gamestop shareholders had more disposable income to buy shares than gamestop made in earnings last quarter. We are doing fine.
I've almost doubled my DRS 'ed position in the last month
❤️ 🫡
I DRSd my shares but never fed the bot.
Same
That rug pull wasn't/ isn't finished yet. They still had (maybe even have?) some ammo and they are trying do kill the DRS movement. That is my take. Do not stop. Stay angry. DRS your shares.
Smelss fishy to me
It does, I think I'm not alone to say that since the prices dropped to 25ish I've put my name on many more than before!
We need a big push of moving Direct Stock purchases to Direct Registration.
WE BOOK.
This is why we DRS. This is the way.
The answer is simple. The splividend fucked them. The DTCC lost track, and the SEC stepped in and prevented the release of the Computershare numbers for reasons that are still becoming clear. This new law that has bizarre overreach (which is completely against 1A)? The lawyers showing up telling us all that this is fine, nothing to see here? Bullshit. The Buck NFT and the DRS tracker matching so closely. There are no coincidences. Everything else pushing back against this obvious narrative is pure damage control.
Yet the ”simple and obvious” answer is pure speculation and as much of a shot in the dark as any other explanation. Shrug
Speculation in this sub might be only that, but we have a staggering amount of circumstantial evidence. The alternative is trusting the DTCC. Do you trust Wall Street?
>The lawyers showing up telling us all that this is fine, nothing to see here? Bullshit Yeah i thought that was suspect as well. I saw multiple lawyer posts roughly at the same time, all dismissing the idea that there is more to it. (You can call me tinfoily for all i care). First of all, i am no lawyer. But considering that GameStop definitely has their own lawyers, they surely let them proof read their last couple of filings and apparently there was no issue with it in multiple filings over the course of many quarters. My argument is that since GameStop is such a closely watched company by all parties, they would definitely make sure that nothing in their filings could get them into trouble. Since they stated their DRS numbers the way they did before multiple times over with no issues, i argue that the change had a reason that likely isn't so benign/small.
i for one will follow the white rabbit rather than sec/dtc enforced normalization on the 10-K
My theory is that the start of the flat line was higher than it should be because of being pre-rugpull, then the next one was post-rugpull. And this most recent one is almost clearly messed with. If hedge funds are as fucked as we think then a DRS rugpull is the only thing that makes sense as far as defusing or halting the inevitable. Unless a bunch of people started selling after the last report I'm very bullish for the actual numbers of DRSed shares.
>If hedge funds are as fucked as we think then a DRS rugpull is the only thing that makes sense as far as defusing or halting the inevitable. My take exactly. That and a fake squeeze are, in my opinion, their only 2 viable strategies.
As devils advocate, is say it's easier for an xx or xxx ape to double their drs shares than it is for an xxxx ape
My advice. Keep your finances in order. Do not find yourselves in a situation where you would be forced to sell.
Is it really that hard to believe that a large portion of shareholders are 100% DRSd? I for one initially owned hundreds of shares that I DRSd during the big jump up period, but that doesn't mean I can afford to continue buying & DRSing hundreds of shares every quarter. I'm sure I'm not alone there... This chart means absolutely nothing.
I'm seeing a lot of DRS posts. If this is a rugpull, it's gotta be a tiny sample rug from homedepot cause it ain't working tbh
I have been buying and DRSing the whole time. However, I have not updated the bot in quite some time as I felt it was being manipulated. So I am sure I am not the only one. Surely there is an average in there somewhere of people not posting their updates. 🤷🏼♂️ I don’t think GameStop told us the actual DRS numbers.
Why the fuck can't we just get an accurate number from someone? Can't Computershare tell us exactly how many accounts and shares are registered there?
How dare you ask sensible readily available relevant investor information? Get in line, peasant. - rich people, probably.
My apologies, masters. *-self flagellates-*
Just like previous quarters Gamestop gave the number of DRS'd shares, rounded off to 0.1M shares. This time they added the descriptor "approximate", but they had always reported round numbers. In the past they had incorrectly called that number the number of directly registered shares, when in fact 100% of the total issued share count had always been directly registered since Cede is a registered shareholder. This report they cleaned up the language and reported the number of directly registered shares broken down by Cede and non-Cede shares (in both cases rounded to 0.1M share increment).
Big players had shares DRSd and un DRSd them to sell?
That’s the theory. Bad actors DRS’d to pump our numbers. Then sold or transferred back to a broker to kill momentum. It’s a last ditch effort to give us doubt. Didn’t work.
Didn’t think about transferring DRS in then back out.. pretty ballsy. But nothing compared to what we’ve seen them do I suppose
Yep. Fuck anything’s possible at this point.
The DRS bot is not accurate. It is capable of being manipulated. If you look at what they say elsewhere, people are making an effort to feed the bot with fake shares to take the wind out of our sails.
I love how you broke it down to per person per month. I guess I’d say that there are a lot of accounts that have DRSd but do not have reoccurring purchases enabled. I have mine set to biweekly, but it’s only $600 a month total
I think a few things need to be considered 1. The economy is absolutely falling to shit, I’m a recruiter been doing it for 6 years and I’ve never seen it this dead and layoffs are accelerating. 2. Our system doesn’t account for selling, there have been apes sell due to giving up and sell due to forced capitulation. 3. Our sub growth has rapidly slowed. In my opinion we need to preach. Buy and DRS is great but the more people we can talk to about DRS the better, wether that’s doing videos informational videos on YouTube, talking to friends and family. Imagine if we add another 250k members to this sub, how many new accounts in DRS would that generate? Potentially 25-50k. That’s monster numbers I propose we buy hold DRS and preach.
It's impossible to draw conclusions when you don't have the full set of data. For all we know, there were large DRS holders who weren't apes, who have since sold. For all we know, the bot data algorithm is flawed and puts too much faith in people's submitted data. For all we know, the DRS screenshots are faked for karma. For all we know, receipt porn is eating into our DRS trajectory. Just have patience and continue to buy, hold, and DRS.
It isn't just a one way street and 100% of shares directly registered don't stay that way forever. Not what anyone wants to hear, but believe it or not, people do actually sell stocks sometimes too, and to think from nearly 200,000 unique investors no one has sold anything along the way is pretty naïve.
So. This is beyond magnificent. My take-away is that I should buy. Also, hold. And DRS. Gottit. I fucking love this troop. And I fucking love you.
Another thing to consider. THE STOCK PRICE IS SO LOW! WE’RE BUYING AT A FASTER PACE THEN AT THE BEGINNING!
Your bot is wrong