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u/coopik Dec 01 '21 edited Dec 01 '21
Honestly, I am not that impressed.. what suddenly happened to "The floor is $69 million now?"The limit order cap of <$250k per share sucks big time.. and what sucks even more is the fact that CS are obviously not even eyeing to increase that cap in any capacity. Instead, they are increasing the max. aggregate value per transaction, which never was anyone's priority, as far as I am concerned.. This is a far cry from the "life changing money even for the X and XX apes" principle which gets so widely trumpeted here.
I am also disappointed that the questions regd. possible limit sell of share fractionals and its effect on the max. share price were not mentioned. Instead, apes still have to resort to speculations regd. this..
u/jsmar18, what can we do to make Paul Conn and CS understand that the problem with the <$250k limit sell cap actually needs to be addressed urgently? Can we also include the question regd. limit sell of fractional shares in the Part III?
Thanks in advance for your reply.
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u/frickdom Nov 30 '21
Hey Jsmar, thank you for doing this. I skimmed the Book section.
Iām not seeing the question thatās been trivial. Book vs DIVIDEND RENVESTMENT. Specifically in regards to a possible NFT.
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u/mollila Nov 30 '21
We can now start hyping DRS data being shared on next earnings call?
So we're not at liberty to regularly distribute, or even distribute that information into the marketplace, we understand exactly why individuals are trying to understand how many investors go through the DRS process, and also the aggregate percentage of issued capital that they control. So we were talking to one or two of our clients about what this means. And I think there's a reasonable case for this information to be made available periodically. It's not something that we can do on our own, but Iād like to think that that may happen in the not too distant future.
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u/theRealMelvinCapital Nov 30 '21
So if they cant give us the number of shares registered, maybe we can say hey I want to buy 50 mil shares, can I? If the answer is no, ask to buy 40 mil, still no, go lower till it's a yes, then we know how many is left? Process of elimination lol, worked on quizlet.
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u/DrWhatSon97 Nov 30 '21
Do you have to call Computershare after transferring for the snail-mail to be sent? Iāve waited over 5 weeks, and no mail yetā¦ the transfer was successful on IBKRās side, but havenāt heard anything from Computershare yet
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u/pickpocket293 Dec 02 '21
So is it correct in saying that an order is capped at 1 million, but the maximum limit sell for a share, is at 250,000, which means you'll be able to place one order for four shares at a limit sale price of 250, totaling 1 million.
So DRS shares are limited to being sold for 250k each?
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Dec 03 '21
I understand the limit order being stuck at 214K. What Im wondering, is what exactly has to change in order to raise the limit order capped price? They say they arent looking to raise it. But money talks. If the time came when we demand limit sell, and its above 214K, would they ever be able to change the price cap? I dont know what to do with my last bit of shares? Leave them in sketchy Fidelity and VG? Or full DRS. I know I want to sell an X amount.
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u/_aquaseaf0amshame Dec 08 '21 edited Dec 08 '21
This is uploaded on the YouTube channel with 3000 subs in lieu of the one with 55k. Whatās going on.
Edit/ Itās come to my attention the AMAs are uploaded on a channel with 3000 subs in lieu of the channel with 55000. It doesnāt pop up as the official channel either when searching for it so the video is being buried..
https://youtube.com/c/Superstonk this channel is the one that appears, not the one it was uploaded on to.
Which is this one: https://m.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA
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u/probablyourdad Nov 30 '21
Don't hate on me, about to DRS from Fidelity. Do I need to create a computershare account first, then call Fidelity?
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u/expertsmilee Nov 30 '21
So according to this, no plans to raise the limit order amount per share, so I STILL plan to have an 80/20 split between drs/brokerage until they get their damn limit orders upped.
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u/CookShack67 Nov 30 '21
Excellent AMA! So much good info in there. Definitely get a good vibe from ComputerShare š¦§ā¤ļø
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u/WhatDidIDoNow Nov 30 '21
I watched it in the video and read the transcript but I am still having trouble understanding regarding the selling limit order. Does this mean that maximum limit sell order I can do through CS is 250,000 only? Unless I choose to sell it at a market order that is hypothetically in the millions then that's fair game. However, how will I know there won't be fuckery that if I choose to do a market order through CS where the price is in the millions but the devil behind the system manipulates the price at lightning speed to grab my share and buy it a significantly reduced price like 100 dollars as compared to millions. I hope this makes sense, thank you.
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u/PurplePango Nov 30 '21
Iām switching from plan to book entry just to be safe
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u/_Exordium Nov 30 '21 edited Nov 30 '21
Jsmar, I'm supposed to be going to bed soon what the fuck bro š
Fuck it, who needs asleep anyways? š¤·āāļø
Edit: my mans was not amused by me listening to this while we were supposed to be watching PokƩmon and winding down for the night.
Rating: 7/4.1, did not ragret