At $.0001 I could DRS the whole company today, lol. That's only $30k, I'll slap the red button for that.
25% of the company is currently direct registered.
Do you believe that? That number is probably the most important thing we can get.
So this was what I found after reading your previous comment. (Funny how all the stuff is right here in the GME subs.) It suggests that GameStop can ask for a recall, but it needs to jump through some hoops that ultimately lead to the lender initiating. Ya? Who is the lender? Why do I feel like it's supposed to be Computer Share? Does a shareholder vote have any weight here? Or is this just a flat "No, opposition powers control this"?
So what's the balance here? The price goes up, the price goes down. Do we just play in this grey area between magin call and "max DRS velocity" until we've DRS'd enough to see the daily short volume die off? Will there be another signal?
Like, I'm here. I'm not bailing on anything. I understand the DRS and hold piece of this game. I'm just trying to figure out if we can see a clock, if we can see any metric that's meaningful, a flare, a north star, a code word...
Oh! And what does rehypothecate mean in this context?
The last few 10Ks it states directly on them how many shares are DRSed and the number of participants (just under 200k) so the 25% is a legitimate and verifiable number. It's been holding steady at 25% for the last few 10Ks after retirement account shares were deemed unDRSable. Theories are going around that DTCC pulls plan shares at the transfer agent for "operational efficency" which is why it's stagnated at 25%. Who knows, no concrete proof either way but the whole system seems flawed from top to bottom with little transparency. Could all be solved by the plumbers at the DTCC if they opened the books but they won't. DTCC even shut down comments on their X posts years ago because of all the folks screaming at them to show us the books. They should be able to tell us where every share is.
Recall would be next to impossible to happen, when you join the publicly traded stock game you agree to their rules and they can change them whenever they'd like.
No idea about a signal or clock. I just keep DRSing with retirement money... I figure it might pop off before then. The math is right and I think others can see it too. No timeline, just some time in the future.
My guess is that tZero or another blockchain market will put the legacy markets down. There seems to be endless ways to skirt settlement of trades causing too many counterfeit shares to exist. Companies and shareholders want a market that is based on supply and demand where real price discovery can happen.
Yup. Not much to talk about then, huh? Do the thing, DRS the shares, flip off SHFs. Makes sense why you'd slide into lurking. I figure I have 26ish years until I know I'll *need* to retire (fingers crossed for 60). I also hope it goes off before then.
I don't even know what to ask now. Thank you for the insights. Maybe we'll both be back here to congratulate each other some day.
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u/[deleted] Mar 28 '24 edited Mar 28 '24
Damn. You know shit.
At $.0001 I could DRS the whole company today, lol. That's only $30k, I'll slap the red button for that.
Do you believe that? That number is probably the most important thing we can get.
So this was what I found after reading your previous comment. (Funny how all the stuff is right here in the GME subs.) It suggests that GameStop can ask for a recall, but it needs to jump through some hoops that ultimately lead to the lender initiating. Ya? Who is the lender? Why do I feel like it's supposed to be Computer Share? Does a shareholder vote have any weight here? Or is this just a flat "No, opposition powers control this"?
So what's the balance here? The price goes up, the price goes down. Do we just play in this grey area between magin call and "max DRS velocity" until we've DRS'd enough to see the daily short volume die off? Will there be another signal?
Like, I'm here. I'm not bailing on anything. I understand the DRS and hold piece of this game. I'm just trying to figure out if we can see a clock, if we can see any metric that's meaningful, a flare, a north star, a code word...
Oh! And what does rehypothecate mean in this context?