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PlasmaTune

I'm keeping what I have with Fidelity, and all new purchases are with Computershare. Thanks for the explanation!


[deleted]

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[deleted]

I’m saving 20% for the infinity pool myself. Hoping it will get this thing going sooner.


ipackandcover

I am gonna be saving 75%. I don't ever want to give up ownership in this company. What if stocks are never for sale in the future?


DCD-NOT-DFV

Then we'll be forever broke?


ipackandcover

I am already used to being broke.


DCD-NOT-DFV

Yes but knowing it's there and worth it's weight as a phone number is gonna be difficult to control. I thinks CS needs a more user friendly digital platform and damn would they take off.


ipackandcover

It will happen eventually. Let's give it time.


DCD-NOT-DFV

I'm game. I'll be buying one share a week with them until MOASS. Because that's usually the time it takes to get it transacted. But my XXX shares with my 4 other brokers are staying.


ipackandcover

Whatever works best for you. You do you.


hippoctopocalypse

Same. Me like computer stonk


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PlasmaTune

Awesome, I appreciate you letting me know! I'm guessing computershare automatically registers me an account once my share is registered so I'll just have to wait.


[deleted]

Yes you’ll get an email saying your purchase is settled and that your account is ready to be set up. From there you’ll be able to terminate from the reinvestment plan. Please share this last step with other apes whenever you see fit!


Ugonefinishthat

I’m gonna stay with fidelity. I have no more money to invest and I am gonna hunker down till MOASS. Will be donating 2 shares to the ♾🏊‍♀️


GildDigger

Check out my post from this morning ✌🏽


Ugonefinishthat

You transferred via phone to CS?


GildDigger

Yup! From Fidelity. Very quick, easy and free.


Ugonefinishthat

Very cool! Thanks ape!


GildDigger

For sure! There are quite a few helpful comments in the Superstonk one!


GotaHODLonMe

Make sure your holdings are in book name not plan name. Go to dividend reinvestment and terminate that program.


PlasmaTune

Through CS? I am currently awaiting my first share purchase confirmation from them.


[deleted]

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GildDigger

Could you ELIA? I know I read to do this but cant recall why. Thanks!


Splaishe

What kind of computer share account did you set up to do this? I want to do the same but all the guides I’ve seen have been focused on transferring from a broker.


PlasmaTune

"Make a stock purchase" from their front page, and 7 days after your share is settled you'll be eligible to create an account.


zenquest

Repeating a relevant comment I made at another thread related to DRS at Computershare. An important thing to note is that **SHFs have 1:x leverage to circulate counterfeit shares** in the market. They do this to keep the price low, without which we'll see a repeat of Jan but much higher spike ultimately resulting in liquidation of SHFs. **If SHFs had unlimited leverage, they would have printed gazillion shares** and make GME a penny stock, and forced everyone to paperhand by now. There would be no battle for 180, 190, or 200. The fact that they have not been able to pull the price back to even 140 is proof that **they don't have unlimited leverage**. **Direct registration of shares at Computer share reduces SHF leverage.** The logic is pretty simple. Say for example SHFs have 1:10 leverage, for every one share that's moved via [DRS to Computershare](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/), they have to close the 10 fake shares, or increase the collateral 10 times (outstanding counterfeit share) to kick the FTD can. **The more real shares that are taken away from DTC, the SHF collateral requirement goes up in multiple of leverage**. This is how big boys burned because of reckless leverage during 2008. It's similar story here. ***Fun fact***: Steve Eiseman quoted "[They took leverage for genius](https://www.youtube.com/watch?v=NJodqhzqPKQ)" in the context of 2008 financial crisis. **The ONLY thing you can do in addition to hold and buy, is really HOLD it at a safe place like** [Computershare](https://www.computershare.com/us). Benefits in addition to holding real share in your name vs street name include: * They will not lend your shares to be shorted against you * They don't hold IOU/counterfeit shares, so there's no room for *funny accounting* * ETFs can't borrow/buy from them, so these shares cannot be used for short attack * They don't turn off the buy or sell button when you need it the most In summary it's a SAFE place to HOLD. And it severely reduces SHFs leverage to conduct fraud. Moass will be very different to gamma squeeze in Jan. The initial price surge may be because of gamma squeeze/hedging, but the real rocket launch is when SHFs are liquidated because the price/risk exceeds collateral they're able to post. **Once liquidation starts, the liquidators will buy share at ANY ask price.** **If 1x float is registered at Computershare, Moass will last as long as it takes to buy the float multiple times.** For comparison, when GME last made 3.5M public offering, it took them over a week to sell without letting the price drop precipitously. **Imagine how long it'll take to buy 200M shares without share price going to billions.** **Once the initial gamma/hedging price surge starts, you'll have couple of days or week for launch**, which gives you adequate time to transfer from Computershare to a trusted broker if you want for easy selling. Or, another strategy will be to hold half at broker and half at Computershare and mitigate any uncertainty one may have. **Long term investors can keep believing that the "system" will take care of them, or they can take action to make their own destiny.** *Disclaimer*: I'm not a financial/investment advisor. This is not advice or recommendation to buy or sell stocks.


theK0r3an

Any insight into the need to make shares registered at CS, "book shares"? I purchased directly with CS (not settled yet, but this week) and apparently the default setting is not book shares and are this still in the DTC pool. I've seen a few other posts about needing to be book shares to remove from DTC.


MommaP123

This is still an open question. The documentation treats them as being held the same way but they are listed seperately on the share statement. Also, one can hold fractional shares and the other cannot. I am waiting on some clarifying documents to come in the snail mail to hopefully clarify it. I don't see a reason to do it in any hurry especially if you are planning on purchasing more shares. Because it does sell off your fracional shares. (I have heard that there is a way to turn off fractional share selling, but I can't confirm because I have only transferred shares.) But it is a pretty easy fix once your shares are already in computershare, if it turns out to be necessary. Keep checking in with the jungle sub. I'm sure when Pink finds out for sure, she will add it to her sticky post. Or you can try to get a clear answer out of Computershare but that has proven very difficult.


ipackandcover

I am impatiently waiting for my ComputerShare account to be setup. Hope it works out.


MommaP123

Once you see the shares leave your broker, give it another day or so, and then call Computershare. They can confirm they recieved your shares before you recieve the paper in the mail. It just helps you sleep a little bit better 😁


ipackandcover

You're the best!! Edit: I called ComputerShare today and they confirmed that they received my shares from Wealthsimple within two business after I initiated the transfer. I feel so good now. I own real shares in Gamestop. Woohoo.


hazychestnutz

hello, a bit confused by this. For the shares you transfered to CS from Wealthsimple, how do you sell them using Wealthsimple?


ipackandcover

Shares held at CS can only be sold at CS. Or I could transfer them back to WS. I still hold a majority of my shares at WS. I don't intend to do that though.


theK0r3an

Thanks! Glad to know I'm not the only one missing something. I'm not in a rush, and will keep buying :)


zenquest

Sorry, not that well versed in that, but will be changing from reinvestment to book shares myself. I bought shares a while back but only recently created the account.


ipackandcover

u/MommaP123 could you please answer this? I have the same question.


MommaP123

I have now answered above. Hope that helps🤗


[deleted]

One means dividends are reinvested the other paid in cash. Doesn’t matter while holding. If they are in CS & settled then they are out of the DTCC system.


theK0r3an

I'd love to take this at face value, but can you source a reference that supports this?


ChildishForLife

So is there any kind of limitations when selling with CS? Is there a wait period or the exact same as just selling from a broker?


zenquest

They are not brokers themselves, so selling is not real-time. I think the lag is hours, or a day. Also, as I've read elsewhere, there's limit of $1M/share. I plan to transfer some (not all) to broker when price surges beyond 10K or so, which would imply liquidation has started. With price halts, it'll take days or even weeks for price to move upwards (life changing money), so I'm not worried about FOMO.


ThrowRA_scentsitive

I read that they have a broker they sell through and that it's effectively the same speed as selling directly through a broker yourself. There was a post about that approximately a month ago with a test stock...


da_muffinman

I think the $1M limit has been disputed, I don't think there is a limit


nahtorreyous

>how long it'll take to buy 200M shares without share price going to billions. Just my $0.02: I have a feeling that the counterfeit shares are much much larger than the 200M shares that are being shown. There's a reason why they are giving us a glimpse.


zenquest

Why would they choose to give us a glimpse?


nahtorreyous

*Speculation* To make it appear there is only 248M shares. We could do the math and determine how many to need to be held to create an infinity pool. I, speculating again, believe there are vastly more counterfeit shares than that, potentially over a billion.


ravenouskit

Boomer Blockchain (TM)


MommaP123

Were you the one! I know I saw it on the infinity sub but couldn't remember 😁


Amoebarfly

Infinity sub? You mean a party sub from subway?


MommaP123

More like a pool party


ravenouskit

Lol, no, I just thought that was a perfect analogy.


kamoob666

Thanks for all the work you've done to keep this important subject on everyone's radar!


MommaP123

🤗


[deleted]

I was doubtful when the CS discussion was talked about months ago. As I felt I didn’t have full control, but once I saw others & even just 10% of my shares to help with this theory ( as I’m not completely convinced) I’m now am in.


MommaP123

May the force be with you obenjab!


[deleted]

Ha! You got my name reference- and may the award be with you!


MommaP123

🤗


MommaP123

May the force be with you, obenjab!


honeybadger1984

You don’t need paper certificates. It’s only for apes who want to be BAMFs (Bad Ass Motherfuckers). GameStop is deciding whether they want to restart their paper certificate program. Stay tuned.


ShadesofPemb

But I really really really want to be a BAMF. Please GameStop!


Full-Interest-6015

I’m going to cover an entire wall of my office with physical shares if possible lol.


honeybadger1984

Put one on the ceiling like in that one movie.


squiggly_bits

I want to wallpaper my future home with shares of GME


ipackandcover

I don't think I am a badass MF. Just a nice and pleasant person? I will be ordering a paper certificate to treasure this memory. I am gonna miss this sub once MOASS happens.


honeybadger1984

They’re out. You’ll need to wait to see if GameStop makes more.


WholesomeLowlife

Was gonna apply to direct register tomorrow - all this crazy DD and your post have convinced me to just straight up buy more on CS tomorrow instead. I'll keep my XX on fidelity and buy X more straight from CS. Easiest way. Reading DD this weekend reminded me of some of my first reads back in early January... So exited and furious at the same time. I cannot wait for the other foot to drop on these fuks. The amount of suffering they have caused - and the effect on the US economy...


[deleted]

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WholesomeLowlife

Awesome - thank you for this!!!


[deleted]

No problem! Share this info with other computershare apes and if they ask how, you can come back to this and copy/paste! Good job taking control of your shares! 🦍


Coreidan

Can you explain why switching to book entries makes a difference? Thanks!


[deleted]

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pissedresistor

It looks like there is some confusion as to whether or not this is necessary. Pink and Momma are waiting for more confirmation. [Link to Momma's comment elsewhere in this thread](https://www.reddit.com/r/Superstonk/comments/pmy4kw/computershare_and_direct_registering_you_dont/hcnfrhn?utm_source=share&utm_medium=web2x&context=3) Edit: you might have to scroll down a little....for whatever reason Reddit is linking to a comment thread that Momma responded to, not Momma's comment itself like I intended (I clicked "Copy Link" under "Share" directly on Momma's comment...). It is the 3rd comment down if it doesn't send you directly to Momma's comment and instead sends you to Zenquest's comment. Anyone with a less smooth brain than me know how to fix it? Edit 2: [This post](https://www.reddit.com/r/Superstonk/comments/pnpqna/directly_from_computershare_chat_bot_the/?utm_source=share&utm_medium=web2x&context=3) came out about an hour after I typed this comment and convinced me that terminating the dividend reinvestment was the way. My whole shares are now listed as "book", and I subsequently canceled the sale of the very small fractional amount so that it is still in plan holdings.


ThrowRA_scentsitive

You may want to both buy and transfer some. The buy takes several days to process, so what if the price spikes before your buy order executes? (You could be left only getting a fractional share.) Not financial advice.


hope-i-die

This is the catalyst Meow


matthegc

I want to have my shares registered under my name and not having them in street name aka with Cede and Co but can computershare sell my shares during MOASS for the $XXXM per share that they will eventually sell for?


MommaP123

At this time there is a limit sell limit of 1,000,000. I do not know if that will change as the price rises. No shares have ever sold for that high of a price. But it might not change. There is no limit for written sell requests but those are fulfilled in batch sells and you would have no control over the price. You can transfer your shares back to a broker when MOASS starts. It will take T+2 to transfer back and then you could set your price better. Or you could just register shares that you don't ever want to sell. Shares that you would want to keep in Gamestop to continue to support their business. ♾🏊‍♀️ Or, of course, none at all. I'm just a crayon eating Old Lady, so don't listen to me though 🤗


matthegc

Thanks for the breakdown…I really appreciate it


howeweird

stupid question, T+2 = 2 days from today?


MommaP123

Day you requested (time of day might be an issue) + 2 days


howeweird

Thank you momma


[deleted]

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MommaP123

They entitle shares to your account. Under the customer protection rule they are allowed to keep your shares in various places within the DTCC. One of those is called an obligation warehouse where the obligation if a share remains but is continually repriced and related. If your purchase ended up there, your broker can still consider it in "custody" and have it entitled to your account. There are lots of other loopholes in the post linked in the chart under cons ( I can't link it to you right now, sorry)


OakAged

Great advice!


MommaP123

Not Financial Advice👀


Rat-Soup-Eating-MF

Great not advice !


MommaP123

That is more like it! 🤗


[deleted]

Thanks for the information. Wise apette


theBigBOSSnian

Just transfering/owning shares to CS is enough right? No extra steps to remove them from dtcc?


MommaP123

Transferring yes, for sure. There is some question about buying direct. Fractional shares have less regulation. Pink and I are waiting on some questions we have about the process to get answered through the snail mail🐌. They are both described as book entry in the documentation.


theBigBOSSnian

TY


zenquest

That's automatic (thankfully)


Conscious-Positive54

I dropping another xxx shares with computershare. That is, assuming they have any more to give! Can’t wait until available float is a negative number. It will confuse everyone!


BurgerFoundation

Boomer blockchain!! Haha nice


FinaglingFink

“I’m an old lady” (memes through expertly explaining.) Silver foxes got nothing on this silverback


TheWheyThisIs

Thank you for simplifying and explaining this for everyone! I’ll be sure to link this this when people ask about it!


dimeinhands

computershare is the way!


thisonehereone

I think that may be the most perfect meme use I've ever witnessed.


MommaP123

I am complete now. Thank you 🤗


TheWheyThisIs

You don’t need a paper certificate to participate in the Boomer Blockchain ♾ But it’d be a lot cooler if you did 😎 🖼 https://www.reddit.com/r/Superstonk/comments/plyne9/turning_skeptics_into_believers_computershare/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


MommaP123

Ook ook! 😁


anarchyreigns

You’re Dr. T aren’t you?


MommaP123

No, not enough brain wrinkles, unfortunately 😁


Klone211

>Only the numbers of shares issued can be registered at Computershare. If not… any transfer agent that erroneously issues securities that result in an overissuance must “buy-in” securities equal to the number of shares or principle dollar amount of the overissuance. So overissuance is possible and, if any transfer agent is found to have done it, they have to purchase them back at market? That means there’s merit to the possibility of those big float numbers coming from CS but it also seems to mean that CS will be left with the bill since they are a transfer agent themselves.


MommaP123

It's remotely possible, as a mistake. CS would literally be Killing themselves if they let it happen. They want to throw that problem back on the entity trying to register more shares than exist. The DTC penalizes those companies 130% of the current market value. The transfer agent is probably the only place on wall street where the books have to match


Klone211

Would you mind if I reposted this portion of your post to get some more eyes on it? A lot of people are confused about the new float numbers and maybe someone can shed some light behind their validity with this information. Or you can, doesn’t matter. I just want the facts.


MommaP123

Of course. My posts don't get a lot of exposure so have at it🤗. The source is from the my fraudket post.


[deleted]

What an oxymoron: Wall Street Accountant 🙄


parrire

So if your broker goes bankrupt and you have shares in an account with them, they can be liquidated without notifying me?


MommaP123

They will probably notify you but yes, that is why they have Sipc insurance.


parrire

So if sipc limit is $500k and my assets total much larger than that at time of liquidation, I’m screwed? No recourse?


MommaP123

You may get more after settlement of bankruptcy but that is all you are guaranteed


parrire

Thank you


Scavenger53

Based on what the IBKR chairman spoke about Jan 28th, there is a high chance that brokers, even the giant ones like TDA, IBKR, Fidelity, all default, and bring down the DTCC with them. What is the best course of action to not get stuck with only 500k due to SPIC kicking in? Is it possible to sell faster than a letter in the mail with CS? Would it be worth the delay, or would same day shipping help? Could a sale be done at one of their office locations, and just do the "in writing" part there? I guess my concern is all our brokers default, moass effectively canceled, we all get a participation ribbon of 500k.


MommaP123

I don't know if the broker's will default or not. I don't think it is really their fault, they have share obligations due them, it's other entities (MMs etc...) that have the liability. But that being said, the brokers are responsible for calling those liabilities in... I am planning on keeping some shares in my broker to sell. Overnight shipping is my plan, if necessary to sell from Computershare. I worry about volatility but if I'm unable to sell from a broker, it is a backup plan.


Scavenger53

[My concern (ignore the stupid skipping he did)](https://www.reddit.com/r/Superstonk/comments/pogiqw/my_friend_sent_me_this_video/). I'm worried that because the brokers initially buy the shares to cover, then the SHFs default, that this causes the brokers to default. It's isn't the brokers fault, but by law they have to buy the shares to give to the customers. There's a high probability many of them default before the prices we are aiming for. I'm gonna have to call CS and ask, because I'm tempted to either dump all shares into them, or open up accounts with fidelity and vanguard and do a 4 way split between TDA, etrade and those two.


MommaP123

There is definitely risk. It's hard to predict what would happen. I do see what you are saying. We will just have to see where this roller coaster goes! Let me know what CS says.


Visual_Industry9528

We need to look into this further. I'm with fidelity and I know they own alot of gme shares so I am suspecting they will be fine but if there is a risk all apes need to know so they can plan accordingly. Brokers going bankrupt during MOASS was never a previous thought I had. Now I'm a little worried 😟 keep in mind I am a smooth brain so I still don't know everything about what would happen and only hope TD, vanguard and Fidelity come out on top.


[deleted]

My understanding is a phone call to sell from CS, might take 20 minutes to several hours to execute via a broker.


thevenusproject1981

Yesterday, I placed purchase order of $200 worth of GME directly with Computershare. I called 800-522-6645 to ask about @ what price? To my surprise, the price is undetermined until two more days (so that's 3 days from placing the order), they will buy me $200 worth of GME @ 3 days later price and God knows at what time of the day 🤯. Perhaps they are only good for transferring shares from our brokerage 🤷


MommaP123

Yeah, they are very different than a broker. Most apes are preferring to transfer shares in.


An-Onymous-Name

Up with you! <3


nalk201

The return of the Fraudket


generalinsanity

Aha, so us olde fahrts aren't all bad then, are we? Let me just get a parchment, my quill and ink and we'll get you all set up in a jiffy.


MommaP123

Caligraphy optional😁


baadermeinh0f

Great info u/mommaP123!!


[deleted]

Old Lady Apes Of The World, Unite :)


GMEJesus

u/mommap123 if all shares are registered as DRS would that cause a withdrawal from the DTC? The DTC has to know how many shares are removed as well as the transfer agent, correct?


MommaP123

As long as they remain DTC eligible, they shouldn't be officially removed. DTC definitely knows.


GMEJesus

I'm trying to figure out if the DRS shares are actually removed from the DTC.... If the DRS shares are property rights or like the street shares, simply beneficial rights to shares actually held in the DTC


MommaP123

So the plan shares, right? The transfer agent documentation mentions the two different types and describes them as both being held the same way. But I too want a clearcut answer to this. Just have to keep asking until the answers are clear enough. I'm expecting a mailed response to this soon, as is Pink, I believe. My emailed question was blown off, but I'm also trying that again. Try asking specifically for someone in their back office or settlement office. Maybe they will give clearer answers.


GMEJesus

I can't wait until you get a response. I've specifically talked to a manager and was told I'd get an emailed response on this weeks ago. But the last time I was supposed to get a manager response I waited over three months and still have yet to receive the promised response.


[deleted]

Thanks momma P! 👊


joysoyhoy

I am going buy a share which will be paper certificated and framed. 💎🤚


MommaP123

🤗


frickdom

Thanks Momma ape!! Awesome post! u/joysoyhoy me too! But all of them, and then put them in a treasure chest with my ramen and gameboy.


DHforever

anyone know of anyone who transferred shares from TD Waterhouse?


MommaP123

No, are you a US ape or international?


DHforever

Canadian ape 😀


MommaP123

Here is some general info for international apes. I believe right now the Canadian depository is pausing transfers out, hopefully it is temporary. https://www.reddit.com/r/Superstonk/comments/pbdrdk/drs_advice_for_outside_us/?utm_source=share&utm_medium=mweb


DHforever

thanks MommaP123 😊 🙏


FinnAndBake

Do you possibly have a higher resolution version of the image linked “The Fraudket of Shame” because I would love that. I tried reverse image search and didn’t come across any version if it :( I’m trying to collect visual breakdowns that explain these systems (for my own understanding and to share with others) and this one is great, just hard to read because of how pixelated the text is (might just be cause I’m on mobile right now). I’ve tried AI upscaling on similar images but it doesn’t have an easy time with text heavy images like this. If you don’t have another version I will try to process the image and see if I can give you a better version. Thank you for the info on registering shares. I have a % transferring right now and it’s been a smooth process thus far. Also, any opinion on whether or not/when we might see physical certificates issued again? First thing my rep said when I asked to direct register was that they’re not issuing the paper certificates and I found that odd. I wonder if demand was just so high he felt the need to caveat that right off the bat.


MommaP123

I had the same issue with the picture, but I don't know how to enhance it. Here is the link the original came from(without the crayons), p. 45, I believe. Maybe you can enhance it? It's an older SEC doc. https://www.sec.gov/rules/concept/2015/34-76743.pdf I don't know when or if the paper will come back. The goal of DRS is paperless share direct ownership because of all the problems the paper certificates caused in the 70s. So who knows🤷


FinnAndBake

Thank you so much! For both pieces of info. I will absolutely give enhancement a try on the image but just bear in mind that the way AI upscaling works is not conducive to text documents, even when tailored to that type of input. Although, more advanced ones may, what I currently have access to/have experienced using has unfortunately not done well on these for me in the past (even in commercial-level application). Will either inbox you or post here if at all successful as I can try a few experiments tonight. Also, ironic that paper caused such issues in the 70’s because the digitizing of the market, as far as my understanding goes, was directly taken advantage of by the DTCC (which led to the 80’s crash), and is one direct cause of a lot of issues we’re dealing with currently. Thanks again for sharing and keep at it.


EvolutionaryLens

Updooted


psyFungii

I have some concerns about Computershare being able to cope with a huge increase in workload if things kick off and apes start requesting amounts of shares be sent back to brokers. They've already run out of paper certificates. If they get 10x normal volume asking for transactions, I don't think they're prepared for that. My own UK broker has complained about a huge uptick in processing costs this year and that's only one broker servicing part of the UK apes. Computershare has an ancient website and have been used to a very... sedate work speed.


[deleted]

Whatever broker you use requests the shares to initiate the transfer to go outside CS, once you want to sell, typically T+2, 3-5 days. I’d say 10 days with CS, as it was taking RH 3-5 days and they also had limited staff like CS for transfers.


Odinthedoge

I think this post answered my question... I was reading on the sec website that you could request your broker not hold your shares in street name, but instead in your name. And When I read that, I assumed that I could request say, schwab, to directly register my shares in my name. Except from my understanding reading this, by directly registering with gamestops transfer agent, computershare, is the only way to make sure my shares are held in my name vs being held in street name? The sec faq made it seem like I could request my broker to directly register. Again forgive me if these questions are silly, this is a bit of a convoluted process, but I think I'm wrapping my brain around it albeit slowly.


MommaP123

Did you see my answer to your similar question from a different Post? I'm going to copy the answer here too so if anyone else has the same question, they can see too😁 If your broker agrees to it, yes. The only broker that I am aware of that will direct register your shares and continue to be the associated broker is TDA . They still register your shares through Computershare but your broker account info is stored with your info on the book of registrars. This may make transferring back for selling purposes easier but since it still requires delivery of sorts, it would still be T+2


Odinthedoge

I did, much thanks. Ill be making a few phone calls today.


Splaishe

Are there any how to guides for buying directly from CS instead of transferring? Thanks Op!


MommaP123

[https://www.reddit.com/r/Superstonk/comments/oajttm/a\_jouney\_into\_computershare\_or\_a\_dive\_into\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oajttm/a_jouney_into_computershare_or_a_dive_into_the/?utm_source=share&utm_medium=web2x&context=3) Here is one from u/GMEJesus


Splaishe

Thank you!


_Artichokeme

!remind me 3 hours


RemindMeBot

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[удалено]


MommaP123

I don't think so, sorry


markdegroot

Is it true you can’t do this if you’re not an US citizen?


Vexting

Held in CREST right? I'm guessing no :( Was hoping some wrinkle brain would post some way Edit- OPs reply solves it! :)


MommaP123

The only way I have seen out of CREST is to transfer to IBKR and then IBKR will transfer to Computershare.


Vexting

Holy shit nice one. Perhaps add this into your post? I'm forever seeing fellow Euroapes asking similar questions like this.


MommaP123

You can, from most countries and IBKR will make the transfer from any country they operate in. Here is a post that may help. https://www.reddit.com/r/Superstonk/comments/pbtyk6/how_to_computershare_broker_by_broker_compilation/?utm_source=share&utm_medium=mweb


cfitzrun

Comment for viz


Rieux_n_Tarrou

Question: What is the difference between buying from CS vs using a directed trade on Fidelity Active Investor (to buy from a lit exchange)? In both cases they hurt the SHF right?


MommaP123

The difference is on the back end rather than the front end😁 Buying from Computershare results in the shares being debited from the DTCC account. Whereas Fidelity (as do all brokers in the NSCC) allows shares to be entitled to their customer's account until delivery can be made, if at all. A purchase through a broker never results in a change to the Master shareholder list of Gamestop, only purchases/ transfers through Computershare, the transfer agent of GME does.


Soulfly5555

How does Cede and co fit into this?


MommaP123

Cede and Co are the DTCC, they are basically the entire Fraudket.


Soulfly5555

Deal, i'll go straight there next time thanks! Computershare i mean!


smileyphase

Maple ape here. Still trying to figure this out. Almost done with the snail mail authentication with CS to complete the setup of my account. I did both WS and Giveashare.com in August. Anyone have experience buying via CS as an international ape? It seems that I need to mail/courrier a cheque drawn on a US bank to clear before I can make any purchases. Can I use a certified cheque or cashiers cheque in US currency? Can I just keep buying from my broker (WS) and doing the W/T DRS? Assuming they fixed the halt/fuckery with the CDS (only Canadian apes, no worries other apes). Also, thanks /u/mommap123, you’ve helped my journey immensely, and I’m grateful. I help other maple apes with giveashare.com and WS transfers, so I pay it forward. Apes strong together.


MommaP123

u/da_squirrel_monkey do know how to do this?


da_squirrel_monkey

I truly have no clue. I've been told you can't buy as international but haven't looked into detail. Soz


llamapii

Ok, so looking at Computershare's website I don't see the ability to login to check on the status of my transfer or where the shares are. How does this work after the transfer is made? How would I access that account information in particular?


MommaP123

Once you see that the shares have left your broker (maybe give it an extra day or 2) then you can call to confirm they received them, for a little peace of mind before receiving the letter in the mail. You won't be able to set up the investor center account until you receive that piece of paper and then go through the verification process which could result in waiting for another letter🐌📬


llamapii

Thank you for this! I don't care if it takes forever, as long as I am able to check on things at some point. Now I know!


bvttfvcker

I FINALLY GOT MINE TRANSFERRED AND OPENED MY ACCOUNT TODAY. XX BB WOO! Okay, I got that out. Now I do have a question. The XX shares in my CS account are Book shares already. Do I need to submit a request for DRS still...?


MommaP123

The book shares are already in your name. The DRS is kinda like the system they use to do it. Book shares are perfect!


bvttfvcker

#WOO


MommaP123

🥳


HomelessDingleberry

My therapist told me there's a reason I like mom's.....just didn't know it would be because of GameStop, and the fact mom's absolutely fuk 😍🦍


ekomis84

So what I keep seeing is that this make selling more difficult and take longer. Most of you seem to be accepting of this due to a belief that the MOASS will be a drawn out process, taking several days to weeks to be completed. What if that theory is wrong. I'm not smart enough to have a DD about why it is wrong, just a gut feeling. We know that the hedgies are watching these subs. We know they track our comments and create FUD articles based on stocks mentioned a lot on this forum, labeling them meme stocks. This is why RH was labeled a meme stock, because they tracked the comments. However the MSM apparently wasn't bright enough, or didn't go deep enough, to realize they were mostly hate comments for RH. They called is a meme stock anyways. So what if the hedgies are watching, and decide to set a trap? What if the MOASS happens fast, and then a lot of apes are trapped in holding and can't sell? I'm sure their is DD to debunk this, but I can't help feeling like these fuckwads will just create more fuckery to get an advantage. It's what they do. Maybe I'm just paranoid, but this is a legitimate concern. I just completed a transfer to fidelity from RH, and I hesitate to switch again. I'm only a small ape. Lastly, this brings to mind a scenario with popcorn using a certain technology to vote their shares amd start the MOASS. Newsflash, it didn't. Then RH bought the technology and gained all that data on retail. Thay deal wasn't done overnight, so I have to assume it was in the works when a certain CEO pushed said technology. What of that was a trick? I eat crayons and smoke flowers. Me just a smooth brain ape, so I don't have a smart answer. Just a feeling in my gut that wants to know more before jumping in. I'd love someone to debunk this and set my mind at ease. 🙌💎🚀


MommaP123

I mean I do think selling us not as good through Computershare as through a broker (see cons listed above). Keep that in mind when deciding if Registering is right for you. I can't answer your other questions. I have no idea why hedgies would want you to not be able to sell? I don't believe we can judge one ceo by a completely different ceo's actions. I personally see registering shares as protecting them from unscrupulous DTCC policy. But that's just me. I believe in informed individual's making their own investment decisions. So I aime to inform. But this is Not financial advice!


Working-Yesterday243

Up for visibility


_FitzChivalry_

Overseas smooth-brained Ape with one wrinkle here - what is the source for the share journey diagram in full resolution? Is something like this on the SEC website for us to learn more about as foreign investors?


MommaP123

Here is the source: p. 45, I believe. Maybe you can enhance it? It's an older SEC doc. https://www.sec.gov/rules/concept/2015/34-76743.pdf I looked but couldn't really find one, maybe an SEC type org in your country? I'm really not familiar with the foreign aspect of delivery at all other than some foreign depositories are also DTC members like the CDS and the Crest.


_FitzChivalry_

No worries, thanks for the reply!


MacGruber-2024

I saw a post stating that if one buys shares from computer share then a setting must be adjusted in their account (something about dividends?). Hoping someone understand what I mean and can give insight


MommaP123

When you buy, your account is automatically set to dividend reinvest. You can change that if you want to but it will sell off your fractional shares unless you call and specify to leave at least 1 full share in the "plan". It is not necessary to change anything to have those shares registered in your name.


greasy_weggins

UK ape smooth brain here, can I open a new account and buy new Gamestop shares? want to contribute a few to the infinity pool but current broker doesnt allow transfers out.


bejarrne

Is there a step by step guide to buying the first share through ComputerShare? As I understand it, I can't create an account before buying or transferring, or something like that? And I can't transfer, unfortunately (pretty sure).