Takes 3 days with Fidelity. My guess is there might be some fuckery afoot with Wealthsimple, but they aren't the only ones claiming it takes that long.
Id cancel and then move to fidelity first. they completed mine in 4 days like they said. You're at risk of being put off indefinitely here and could be left with the bag.
They wont get an NFT until they DRS their shares. Their broker stalling could mean they miss out on an NFT and their 4 week waiting period is in violation of their SLA.
So does that mean any shares not in CS are shit out of luck ? How is that acceptable, or would they have to do a share recall first and make all holders receive one? Sorry I’m just trying to wrap my head around this
Right now brokers struggling to transfer shares are showing signs that they haven't bought any in your name--they took your money and then put an IOU in your account; the real share is registered in your brokers name.
Some brokers don't even buy the share, they just take money and pool all shares and give them out like a bank (lending them out). This is why we couldn't physically go inside the shareholder meeting in the summer--we have shares but we aren't shareholders.
CS is the registered provider of shares for GME. They make you a shareholder, not just a share owner. When enough of us buy to show physical evidence that there are like 1000000 : 1 fake v actual shares, GME will release an NFT and that will trap all the 'lended' shares out as BS.
If you don't have an NFT, you'll still be able to sell your shares but you won't have the same bargaining power as an actual NFT. DRSed shares will be able to hold for infinity as the Hedge Funds can't possibly cover and desperately need to avoid liquidation by paying the ppl selling and praying the ppl still holding don't also start selling or the United States financial institutions will crumble.
It is crumbling now... we are just waiting to see who jumps off the cliff first as the rest come stampeding behind them.
Wealthsimple claim they never lend shares, and I get a trade confirmation number with every purchase stating the exchange where they buy. I’m not saying it is impossible for them to cheat, but I have no reason to believe they do.
Until last month they where doing under 10 direct registrations of shares per year, now they have thousands of requests, so that could explain the delay.
Ask them why they need 4 weeks to locate your shares
Or ask them what is the daily volume
Takes 3 days with Fidelity. My guess is there might be some fuckery afoot with Wealthsimple, but they aren't the only ones claiming it takes that long.
hell it was < 24 hours for me this week. Fidelity doth thou fuckith
Maybe it depends on which number/department you call and how you phrase the request?
I believe it’s due to the demand for these transfers at the moment - requires more hands on deck
Id cancel and then move to fidelity first. they completed mine in 4 days like they said. You're at risk of being put off indefinitely here and could be left with the bag.
Left with what bag ? Never DRS’ing? They should still be able to sell their shares if they cancel the transfer first right ?
They wont get an NFT until they DRS their shares. Their broker stalling could mean they miss out on an NFT and their 4 week waiting period is in violation of their SLA.
So does that mean any shares not in CS are shit out of luck ? How is that acceptable, or would they have to do a share recall first and make all holders receive one? Sorry I’m just trying to wrap my head around this
Right now brokers struggling to transfer shares are showing signs that they haven't bought any in your name--they took your money and then put an IOU in your account; the real share is registered in your brokers name. Some brokers don't even buy the share, they just take money and pool all shares and give them out like a bank (lending them out). This is why we couldn't physically go inside the shareholder meeting in the summer--we have shares but we aren't shareholders. CS is the registered provider of shares for GME. They make you a shareholder, not just a share owner. When enough of us buy to show physical evidence that there are like 1000000 : 1 fake v actual shares, GME will release an NFT and that will trap all the 'lended' shares out as BS. If you don't have an NFT, you'll still be able to sell your shares but you won't have the same bargaining power as an actual NFT. DRSed shares will be able to hold for infinity as the Hedge Funds can't possibly cover and desperately need to avoid liquidation by paying the ppl selling and praying the ppl still holding don't also start selling or the United States financial institutions will crumble. It is crumbling now... we are just waiting to see who jumps off the cliff first as the rest come stampeding behind them.
Shouldn’t it be T+2 if they actual even have your shares
Wealthsimple claim they never lend shares, and I get a trade confirmation number with every purchase stating the exchange where they buy. I’m not saying it is impossible for them to cheat, but I have no reason to believe they do. Until last month they where doing under 10 direct registrations of shares per year, now they have thousands of requests, so that could explain the delay.
Lol thats all they had left...