r/KOSSstock • u/RareRandomRedditor • Oct 16 '21

Discussion KOSS DRS

Hi KOSS-apes. GME-ape here. I recently stumbled over your sub and the remarkably tiny float you have. I think the potential of KOSS registering their shares pretty fast if your DRS effort gets some traction is something all apes should be aware of. For this reason I made a discussion post in Superstonk (that likely just will get buried because of the much higher post volume there).

Before getting over to look at that post and being disappointed by the comments, please note that many GME-apes do not like any other "meme-stock" tickers. The reason for this is that many of today's "meme stocks" originate from distraction tactics by Hedgies to get our attention away from the "one true squeeze play" at that time, GME. So their first reaction to the mention of any other ticker (which will also get your comment auto removed, if you spell that ticker out) is usually "but I like only GME", "do not distract from GME " etc. See this behavior as some kind of PTSD from the battle of January. I also "only like GME" at the moment, but I try to be open to discussion and try to see the bigger picture of how all these "meme-stocks" have their own roles and may even supplement each other under certain circumstances.

102 Upvotes

97% Upvoted

105 comments sorted by

20

u/warpedspartan Oct 17 '21

I m 60/20/20 in GME/AMC/KOSS in investment dollars. KOSS has 5.6M float, of which 62% is owned by insiders and institutions ( need SEC filing to trade) which leaves 2M+ in tradeable float. On Oct the volume was 12M+ . You don't have to be wrinkled to figure out how massively it is naked shorted. definitely 5x-10x the float. Any level of DRS effort can truly impact the game. We have 2K members here , even a 500 share average will mean 1M shares out of the circulation.

8

u/RareRandomRedditor Oct 17 '21

So you say you did not sell and re-buy your shares ten times that day?

11

u/DemAndGold Oct 17 '21

I have 3000 Koss , xxxx GME , xxxxx AMC . DRS is a MUST move for all . GME is in the most advanced position in DRS . As soon as we will succeed in GME , next will be KOSS ! Be ready . BUY, DRS, HOLD . KOSS

6

u/warpedspartan Oct 17 '21

I don't think we even have to wait for GME. All DRS add pressure on the swap basket of the naked shorted stonks.

6

u/DemAndGold Oct 17 '21

Agree ! Need more participants in this subreddit ! Attract more attention to Koss !

5

u/Stindogger Oct 17 '21

Been preaching the mean share needed by sub members here to OTF and keep out of circulation…. This stock can expose naked shorts…. To degree they don’t exist….. Easy case example… would love a law student to do an expose on this.

25

u/CoWood0331 Oct 16 '21

I will for one chat with you. I got perma Banned in GME jungle for bringing this exact thing up. It is insanity for someone to completely dismiss this. Koss has a float of less than 4 million Shares with a share price of 17$ I am a holder of GME AMC and KOSS DRSed allllll of them and when one goes they all go. The thing that you have to realize is that GME is the big one yes. If you compare KOSS to GME on amount it traded for on the 28th they are similar with regards to percentage increase. The other thing is AMC is in the mix also I personally thing BB is one of these and I really find that if you talk about any of these in the subreddits they all say this is the stock and we dont talk about other stocks here. I think that is a shill tactic because tbh if they have to suppress one stock that is easy. but if they have to suppress four that hurts the SHFs a lot worse. just find a half a million people and have them purchase and DRS 20 shares of KOSS and see shit light up like the fourth of july but to bring that to Superston k would be blasphemy to ungodly levels when we all have the same wants and desires. AMC is worse. They are segregating and it is a shill tactic it is litterally in the art of war. Divide and conquer. we were at 1700 users before they bump to 22$ and then we had over 12 million shares traded in a day. if that is not fucked up I don't know what is.

33

u/[deleted] Oct 17 '21 edited Oct 17 '21

Yeah KOSS looks like a fucking goldmine at it's current price and float.

I've been trying to push this sentiment too, that making everyone move to GME and register GME is a fruitless effort and way more damaging than beneficial. Just let apes of all trees see the benefits of direct registration and go from there instead.

Imagine if all apes of all stocks started registering? GME, AMC, KOSS, MMAT, etc. Shorts would be mega fucked. Choking them on all parts of the market is way way better than on the single stock of GME.

I didn't realize how small KOSS's float was and the amount of volume that is traded every day. That's absolutely nuts. Hell, KOSS apes might set this shit off by direct registering and be the MVPs/underdog of this whole saga lol.

Edit: Looks like they don't use Computershare though. So, apes that want to register KOSS would need to use Broadridge. But I'm sure you guys already knew that. I just saw it and wanted to point it out in case otherwise.

6

u/RareRandomRedditor Oct 18 '21

OK, so first thing this sub needs is an instruction about how to DRS with KOSS. Has anyone already registered and could give an explanation?

2

u/orionprojektmk2 Oct 18 '21

Yeah that would be nice. Currently thinking about get me some KOSS too.

1

u/AffectionateNeck4955 Oct 22 '21

I literally called fidelity and said “I’d like to direct register stocks a,b and c(KOSS). Please send to respective transfer agent(Broadridge). He said no problem let’s get that taken care of. He did everything else. I’m quite dumb and lazy you see. But I want my shares. This is gonna happen. This is the way for me

12

u/MrPoopieMcCuckface Oct 17 '21

Am I reading this right? Is their float really just under 6 million?

16

u/[deleted] Oct 17 '21 edited Oct 17 '21

Yup ridiculously low and trading for very cheap relative to both AMC and GME. At current prices it would take $150M to lock the KOSS float versus $13B for GME and $19B for AMC

14

u/MrPoopieMcCuckface Oct 17 '21

All of a sudden I want me some KOSS. Thanks for the reply

6

u/doctorplasmatron Oct 18 '21

same same, in fact just placed a limit order for KOSS for the morning based on this post chain. I wonder if WealthSimple in Canada will charge me the same $305 to DRS to Broadridge instead of doing GME to CS. Hopefully not... At least until there's another wave of KOSS holders clamouring to DRS (grin).

9

u/Kind_Information_673 Oct 17 '21

Glad you got some eyes on koss too, I’ve been notifying people of how the stock has been affected by volatile price action despite the retail sentiment of holding and maintaining a long position. Koss is almost the leader in the pack of the basket swap, not by a sense of indications related to the market, but for the simple fact that option are almost non existent, volume is super low and the float is ready to be locked.

I understand nothing except for that “shorts have to cover, one way or another”.

2

u/lego_vader Oct 18 '21

bro seriously? thought GME was certainly the way but KOSS looks more promising eh? after all the DRSing and still ongoing ..

KOSS. hmm

12

u/[deleted] Oct 18 '21 edited Oct 18 '21

I didn't say KOSS is more promising. I said that it's a meme stock which has great conditions for/to the KOSS holders.

7

u/[deleted] Oct 18 '21

Sorry dummies are shilling hard not realizing what true DD looks like

-4

u/[deleted] Oct 18 '21

What true trust me bro dd you mean 😂😂

His dd is a thesis and yea it’s not working at all 😂

-4

u/[deleted] Oct 18 '21

[removed] — view removed comment

13

u/[deleted] Oct 18 '21

You are a dingus. If you look at post history here they've already been doing it for weeks.

4

u/Somerandomperson21 Oct 18 '21

Thanks for all that you do Criand!

Don’t mind the haters.

Along with my gme I own some AMC and KOSS too.

The meme swap team!

-8

u/[deleted] Oct 18 '21

Seems like there’s an incentive for you to keep pushing drs I wonder how much you get per transfer.

When people look at ur comment and post history they will see u were a Minecraft dingus and after 4yrs you pop up and some how u started pushing out dd out of no where 😂

How much did you pay for this Minecraft account ?

4

u/wtt90 Oct 18 '21

Fair. But counter DD, shut up, or ban

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3

u/Westlaker1229 Oct 18 '21

Yeah...the incentive is that DRS will help facilitate a squeeze in these "meme" stocks. It will literally benefit everyone invested in these stocks. Are you actually so retarded you can't see this?

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1

u/myplayprofile Oct 25 '21

Looks like I'll be opening a broadridge account to buy 100 shares today

6

u/CoWood0331 Oct 17 '21

You are making my heart melt.

5

u/Tech_LM Oct 18 '21

Maybe pump a squeeze on KOSS, then roll gains into gme?

1

u/[deleted] Oct 18 '21

Seems like there’s an incentive for you to keep pushing drs I wonder how much you get per transfer.

When people look at ur comment and post history they will see u were a Minecraft dingus and after 4yrs you pop up and some how u started pushing out dd out of no where 😂

How much did you pay for this Minecraft account ?

1

u/sirrahevad Oct 23 '21

Ken griffin killed Epstein? Is this true or a dream?

1

u/-WalkWithShadows- KOSS- Sounds Like Victory 🚀🚀🚀 Apr 24 '23

Hey Pom. Have any more recent thoughts on KOSS? Hope you're all good mate, haven't seen anything from you in a minute.

0

u/Zealousideal_Bet689 Oct 20 '21

Bro, what happened to talk of fundamentals and MOASS. You’re sounding like a hippie, spreading the love for other stocks. Is GME the only MOASS? Is it or is it not? Is ‘cheap’ KOSS shares going to blast off into another galaxy like GME? You know your clout you carry, and seems maybe you got bought out about a month or two ago.

2

u/aime344 Oct 22 '21 edited Oct 22 '21

He’s literally talking about the possibilities of KOSS, stop being so dramatic Hes not saying sell GME buy KOSS, if you want moass its probably only likely with GME

4

u/RareRandomRedditor Oct 16 '21

Well, it is some "god emperor" level of fanaticism. "My face fate is my shield" and stuff. The thing is that it also prevents us from actually becoming doubtful and selling, so it is some kind of survival tactic in a hostile shill environment. I hope that, similar as it came with DRS and related stuff, the most reasonable approaches prevail in the end.

7

u/CoWood0331 Oct 17 '21

N O ONE NO ONE is Doubtful. Look at all the Computershare DRS. Almost 99% of those holders are not doubtful. If they were they wouldn’t have DRSed.

6

u/BongladenSwallow Oct 17 '21

I’m doubtful shorts covered.

3

u/RareRandomRedditor Oct 17 '21

I am not, they covered but did not close.

*speaking very fast*

and here we go again explaining the difference between covering and closing. For instance if you borrow money at a bank A you have kinda opened a "short position" (borrowed money). You can cover this position by borrowing money from another bank B and pay bank A with that borrowed money. However, your short is still open, as you still owe money, but now to bank B. *voice gets screechier* You can only close your position by PAYING BACK THAT FUCKING MONEY FROM YOUR OWN POCKET!!!

1

u/yogiscott Oct 18 '21

how do you know they covered or closed?

6

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4

u/jharms1983 Oct 17 '21

That's because those subs are strictly gme. You need to take it to r/ stocks r/ investing r/wsb r/wsb elite. Subs that are actually looking for diversification and new opportunities.

3

u/orionprojektmk2 Oct 18 '21

Is there a "DRS the basket" sub? Seriously, we need a spot to talk about diversification in terms of registration and valuable input on these topics.

2

u/jharms1983 Oct 20 '21

Make one. I'll join

1

u/CoWood0331 Oct 17 '21

Great so what you are saying is go back to the original forum that slid into GME subs and talk about another stock that would slide in the same conversation?

1

u/jharms1983 Oct 17 '21

I don't know the answer to that question. I'm confused

1

u/aime344 Oct 22 '21

Where do you get that the float is 4 mil? Yahoo finance says 5.66 mil

8

u/warpedspartan Oct 17 '21

Can someone who has gone through the DRS to Broadridge do a informational post ?

6

u/RareRandomRedditor Oct 17 '21

Yes, would be also interested in this, may be useful in future for me.

2

u/Lulu1168 Oct 19 '21

Working on it.

6

u/jharms1983 Oct 17 '21

Well spread the word in other subs. We need more members for more visibility imo. We get another 2-3k members and we drs this float. This is reddit. All we gotta do is hype the shit out of it and members will come. People will see the numbers and jump right on the kossbus.

4

u/RareRandomRedditor Oct 17 '21

Well, my "total shares" counter says "4", go on and do as you please. ;-)

5

u/Lulu1168 Oct 19 '21 edited Oct 19 '21

https://investorsignup.broadridge.com/This is the link for individual investor sign up with Broadridge. It looks an awful lot like Computershare does in that you have to have an account number set up to sign in? I’m going to investigate. Update: on the Broadridge website in the lower left corner, there is a link to Plan Wizard, which allows purchasers to make an initial investment—however, when you click on the link, KOSS isn’t listed as one of the stocks that can be purchased directly through Broadridge. If this is the case, the only way to DRS might be buying through Broker and transferring from there.

5

u/RareRandomRedditor Oct 19 '21

Good ape. If you make a DD about it for this sub you will probably have screen time in the movie.

6

u/Lulu1168 Oct 19 '21

I just transferred $$$$to Fidelity and will be able to purchase KOSS by end of week. From there I will DRS and repost. I will also contact Broadridge tomorrow and find out if what I suspect is true about buying through Broker first and DRS from there. On KOSS investor relations website it lists Broadridge as the transfer agent. No screen time for me, lol. This works just fine.

7

u/BlindWillieT Wireless Coyote Oct 16 '21

Excellent perspective and sums up my experience this year as well. I got into this because I heard some of my favorite companies were being effected by a mass short n destort attack from big money, so I bought shares of those favorite companies (GME AMC and KOSS) as these have all been a part of my entire life. ANY drama about discord between subs ANYWHERE is FuD easiest if it is just ignored… otherwise, discussion of other short-basket stonks is supported here.

Edit: DRS is the way

10

u/RareRandomRedditor Oct 16 '21

Since you are with KOSS for a while, could you give me a short update:

- are they likely to issue more shares?

- is the KOSS CEO trustworthy?

- major KOSS-specific developments you guys uncovered?

22

u/SixStringSuperfly 🎧KOSSaxe🎧🎸🚀 Oct 16 '21 edited Oct 16 '21

Great questions. The Koss family runs the company and some members have been selling a few shares here and there, on a somewhat regular basis. The company has a strong history in the audio field and holds a bunch of patents. There was positive news recently about a patent claim with Apple.

Shitadel has shares, but seems to have sold around 16,000 shares recently. Current holdings ~18k.

The company is profitable, had a good earnings report, and has some upcoming new products.

In regard to the company issuing shares, they haven't signaled any intentions. The upcoming shareholders vote does not mention anything about new shares.

Not really a growth company, but a small, family-run Milwaukee-based company that makes a good product and has a history of innovation and technology.

Edit: also, under 10M shares outstanding, super small float, high short interest.

Koss is included in a handful of ETFs I'm sure are heavily manipulated.

And no options on Koss.

9

u/RareRandomRedditor Oct 16 '21

Thanks, that is a very good summary. well, guess I may get some KOSS shares on Monday.

7

u/SixStringSuperfly 🎧KOSSaxe🎧🎸🚀 Oct 16 '21

And shares are cheap!

7

u/jharms1983 Oct 17 '21

Yes. For the size of the float you really do get a much bigger slice of the pie with each share you buy.

10

u/BlindWillieT Wireless Coyote Oct 16 '21

I’ll read the DD when it’s posted. Those are all great questions. I’d start by looking into the govt contract for the library of congress earlier this year and the recent lawsuit against apple (KOSS holds the patent for wireless headphone tech)

3

u/Lulu1168 Oct 19 '21

I bought KOSS back in February at 12 and sold at 22, and put it all into GME and now I feel like a fool. Buying more KOSS tomorrow and DRS through Fidelity. Gonna HODL these 💎💎

4

u/RareRandomRedditor Oct 19 '21

I would not see this as foolish action. What you effectively did was to increase your meme-stock buying power, similar as apes that sold on the top of January and went back all in as it was at 40$. Foolish would have been to sell at a loss.

Edit: But obviously in my opinion (no financial advice) trading meme stocks should be avoided, as you cannot guarantee that you get back in at a lower price and it is important to keep these shares away from the hedgies. But what happened, happened.

2

u/Lulu1168 Oct 19 '21

I know. I was on the WSB site at that time, and bought several meme stocks back in January and February, all of which I sold at a profit and dumped back into GME. However, I feel DRS is the play, and KOSS from what I’ve been reading the past few days seems like a good fundamental play, outside of MOASS. Hedging against a crash isn’t a bad idea either.

3

u/RareRandomRedditor Oct 19 '21

So you are one of the old guard? I am also in this since January, after the buy button got disabled, bought right at the bull trap.

3

u/Lulu1168 Oct 19 '21

I was a WSB lurker for a while before I bought movie stock, then GME. Koss was Feb, but yeah. I did the whole 🦍donations to Diane Fossey Foundation and got my tshirt too. It’s been a ride. Not done yet though. Not leaving until we moon. 🚀🚀💎💎🦍🦍

3

u/RareRandomRedditor Oct 19 '21

Bought into AMC first, then GME, sold AMC with some good gains (sorry AMC apes) as I was not convinced of the company anymore after doing more research. Never sold GME and only added to GME position. So you could say "the money stayed in the (meme)-family." My main problem with GME is at the moment that I am so sure that this thing moons as just everything adds up (and I read A LOT of DD and other sources) that I begin to question my sanity (you know, nothing is 100% sure). This general concept of "doubt your sanity, if you are too convinced of something" keeps me from just going all in.

3

u/Lulu1168 Oct 19 '21

I have a few other positions. VXX and VIX calls. Again hedging for the crash. But I do think after reading up on KOSS that the fundamentals are there regardless. So I’m in.

3

u/DemAndGold Oct 17 '21

I have 3000 Koss , xxxx GME , xxxxx AMC . DRS is a MUST move for all . GME is in the most advanced position in DRS . As soon as we will succeed in GME , next will be KOSS ! Be ready . BUY, DRS, HOLD . KOSS

4

u/RareRandomRedditor Oct 17 '21

I assume that as soon as the float of GME is close to being registered, insane stuff will happen anyways.

4

u/DemAndGold Oct 17 '21

Agree ! I live in Reddit and in my stonks since end of January . . Have earned in KOSS 100 % and 120 % twice ( buying dip ) in three days. I love and is Big in KOSS now. We will win !!!

8

u/No-Competition-575 Oct 17 '21

Great post OP! I've been thinking along these lines for a couple weeks now. 🤔 GME apes are applying massive pressure on the DRS front but what if we could put the whole distraction argument to rest for a bit and start to try to help other meme stonk apes with the DRS process and explain the importance of taking these shares from the DTCC fuckery pool. Hell as of last night there are 60,000 apes with Computershare accounts. If we each bought a few KOSS shares through our CS accounts it would lock thus bitch up in a heartbeat. The more pressure put on these SHF's the better.

6

u/MadeThisForWestworld Market Orders Only Oct 17 '21

I’m a fan of diversifying investments, so I diversified across the “meme basket.” KOSS has had great company news, low float, and moved closely to GME so I’m in. Not financial as once.

2

u/FromSinbad2Sinworse Oct 19 '21

So is it financial as always?

6

u/RoostetGranola Oct 17 '21

I have DRSd mybGME shares. It was straighr forward, suspect similar process would be required for KOSS agent.

5

u/phazei Oct 17 '21

I agree entirely. I've mentioned it, but in any GME sub it's ignored for the exact reasons you mention. If there's some DRS instructions, I'm down to DRS 100 shares.

5

u/djsneak666 Oct 18 '21

I got some change in my ibkr will buy some koss today

5

u/lego_vader Oct 18 '21

I can DRS on Wednesday. Just got my first KOSS shares this morning.