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🦍 Buckle Up 🚀
2 months ago
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German here, THIS IS HUGE: Bafin (The German SEC) has just confirmed in a publication that Gamestop dividend shares are incorrectly booked in Germany.

Here you can find the publication: BaFin - Aktuelles - GameStop

and on Twitter: Bundesanstalt für Finanzdienstleistungsaufsicht auf Twitter: „Aus aktuellem Anlass informiert die BaFin in diesem Thread über Aktien der #Gamestop Corp. $GME #GME (1/5) https://t.co/GULpT70mbG“ / Twitter


Translation:

"Due to current occasion BaFin informs in this thread about shares of #Gamestop Corp. $GME

GameStop Corp. resolved a stock split in the form of a stock dividend at the beginning of July. BaFin has - also due to some indications from investors - instructed the custodian banks to ensure the deposit of the new shares.

Technically, however, the capital measure has so far been treated by the relevant data providers as a stock split and not as a stock dividend. On July 29, 2022, however, individual data providers had changed the type of corporate action to a stock dividend, but reversed this on August 1, 2022. For individual custodian banks, this may require a purely technical recalculation, but this should be implemented within a few days. The holdings of old and new shares already held in custody by these banks will not be affected by this recalculation."


We Germans are loud and it seems to have an effect! Bafin has closed pornhub and acted surprisingly quickly!

1.0k comments
92% Upvoted
level 1
ModModerator Achievement · 2 mo. ago · Stickied comment
Take My Energy
📊 Gimme Votes 📊

Welcome everyone from r/all! --> Reasons why the Superstonk community is bullish on Gamestop

POWER TO THE PLAYERS ⚫️⚫️⚫️⚫️🔴🔴🔴🔴

Vote

4 more replies

level 1

German apes have done incredible work these past 48 hours. I'm also impressed with the speed their regulators addressed this criminality.

6.7k
level 2
· 2 mo. ago
Eureka!Bravo Grande!Take My Power
RC fuccs while Kenny succs 🚀🌚

There were literally thousands of us calling them and writing them all weekend long 😆 they can’t ignore it like the SEC can

2.6k
level 2
· 2 mo. ago
The Secret Ingredient Is Crime 🙈🙉🙊

Ok so this has now become an experiment to see how fast the SECs wheels actually turn. Will they act at all? If so, how long will it take? Quite frankly it’s an embarrassment

210
level 2

This. Banana Trophy for them! 🍌🏆

1.1k
level 2
· 2 mo. ago
Yuki, Yuna and Apes on Tour

After the fiasco with Wirecard, they cannot afford another misstep in such a short period of time, especially because Olaf Scholz (current Federal Chancellor Germany) is/was responsible for the reorganisation of the BaFin.

331
level 2
· 2 mo. ago
🎮 Power to the Players 🛑

If there's one thing Germans do well, it's laws.

67
level 2

Thanks. I can be very persuasive, if society needs me to be.

20
level 2
· 2 mo. ago
🦍 Attempt Vote 💯

To be honest - we are (at least I am and I guess nobody expected them to be that fast) totally in shock how fast BaFin acted.

41
level 2

I am pleased with their work so far but taking real decisive action isn't anything I know our leaders for. As with everything on here, be prepared to be utterly let down and keep them diamonds hard and shiny.

69
level 2
· 2 mo. ago
Jaques Le Tits 🦍 Voted ✅

Dude absolutely the worst country for them where this mess could have happened. Germans are all about rules and writing complaint letters

6
level 2
· 2 mo. ago
💻 ComputerShared 🦍

Also the regulators. It is impressive they released the statement so soon. If you compare that to the fraudster controlled SEC …….

5
level 2
· 2 mo. ago
🎮 Power to the Players 🛑

Everywhere is corrupt, but Europe isn’t as bad as America 😅

11
level 2
· 2 mo. ago
Kenny suck deez nuts

Vorsprung durch Technik

4

40 more replies

level 1
· 2 mo. ago · edited 2 mo. ago
Got the W
It's a good day to buy

I cannot imagine our American SEC responding this quickly for anything. Not even new content on PornHub.

2.9k

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A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None of this is financial advice.
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