Welcome everyone from r/all! --> Reasons why the Superstonk community is bullish on Gamestop
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“We are monitoring the situation.” We 👀 you.
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“We are checking. We are checking “
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"Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares."
well let's find out if brokerage firms should be concerned
uh, can you explain this sentence to me, a basically 5 year old?
That's the best line in the entire statement! I read it 10 times to make sure I was understanding it correctly...the 'as we have been informed' part is particularly interesting. In other words, someone(s) reached out to them directly and expressed concern that they would not be able to handle a huge wave of DRS. There's brokers out there shitting themselves right now...they're actually shitting dog shit and its wrapped in cat shit. Its going to be really interesting to see who's left bagholding. This is purely anecdotal, but I DRSd 99% of my remaining shares in Schwab today, it was straightforward, painless and took all of 20 mins, my shares should be in Computershare end of next week. I had the same experience with Fidelity just before the split. This suggests to me a couple possibilities:
1)those particular brokers are not exposed to the systemic risk, they've got their books balanced and are ready for the moass. Kinda makes sense that some of the old school big names saw this coming a long way out and quietly closed any positions they had when the price was low, also acquired enough to hedge themselves for the split (probably predicted the DTCC would do something like this tbh)...then just sat back and chuckled eating their popcorn while they loaned out shares at increasingly higher rates and watched it burn.
2)The DTCC knows the gig is up, this is just a stall tactic to buy as much time as possible. There was a back room meeting with a bunch of big wig brokerage Mr. Burns types around a table with the DTCC where they cut a deal whereby they and THEY ALONE got distributed the actual divi shares so they know their ass is covered. The others? (TDA, IBKR etc) are proper fucked and are going to get fed to the wolves. Deals were cut, money exchanged hands, they recognized that someone is going to take the fall but it doesn't have to be all of them.
A nod to keep up what we've been doing and hit 100% DRS
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YOOOOO. They basically said we gave out the appropriate amount of shares and that the DTC is at fault here. DRSing the synthetics is really causing trouble.
Yes. Who cares if they put real shares in your brokerage account? Those synthetics will be real AS FUCK when Computershare gets their hands on them.
DRS those synthetics baby! Authenticate those synthetics!
I love how DRS has gone from some obscure thing very few people know about to GameStop openly discussing it and using a tone that implies using a brokerage is a lesser option or the less frequently used option of their investors.
They also clarified that they DID give computershare shares to distribute. Also clarified that this IS a stock split IN THE FORM OF A DIVIDEND. Brokers lied saying Gamestop kept changing how to distribute and the final decision was a normal forward split.
So we keep DRSing like mad apes?
Lmfao DTC AND HEDGIES R FUKT !!!!
DRAIN THEM FOR EVERY FUCKING OUNCE OF BLOOD AND PENNIES
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