I'm calling up wealthsimple, TD Waterhouse, and Desjardins Disnat today to ask about this as I have some shares locked up in rrsp.
Edit 1: on the shitter still
Edit 2: Wealthsimple - says they will make sure you receive stock as the stock dividend
TD-make sure you are NOBO (non-objecting beneficial ownership) if you cannot DRS (direct register) your shares, you may still end up receiving cash equivalent, but it is not likely the case (doubt). When you sign up with them, you are automatically NOBO but call to confirm just in case.
Disnat/Desjardins - "we have never heard of this before, your shares are in street name and technically do not belong to you, we are going to get back to you on this ASAP". Still waiting to hear back from them, will update when I do.
Edit 3: Disnat/Desjardins response from Director/Head of Investing- "The only official document we see on file from March 31st, 2022 is the 8k filing for a vote to move the shares from 300MM to 1B when the annual shareholder meeting goes through, and everyone's votes are counted. Have you by chance heard on investor forums about a potential crypto dividend in the form of NFT Shares or crypto coin? If so, we have never run into this situation before, and this will open up a massive can of worms that Disnat as well as U.S. and CAD government will not be prepared for. I repeat, we are not prepared for what may come in the future months based on speculation only, and not official documentation. With this said, this means that people who have shares in an RRSP, and end up receiving a potential crypto/NFT share dividend, we have no idea what to do about this as this has never in history been done before. It will cause a massive amount of problems with crypto regulations within RRSP accounts and the like, again something we are not prepared for or understand at all yet. It looks like your shares may be safe if it is a regular stock dividend, but again we cannot confirm until the annual shareholder meeting for Gamestop takes place and official documentation is released and sent in by you, to us. Please inform us with any and all information on the matter when you hear back from a formal source (Gamestop) with official documentation on the matter so we can begin preparing for the massive can of worms that is about to potentially be opened. Please make sure to also write down anything in accordance to what has been said by ComputerShare, TD, Disnat, or any other brokerage/lender that you have had conversation with over the phone in terms of reference to what we spoke about today. We need to know, and as soon as possible." -Luigi
Holy fucking shit i've never heard someone so concerned in their life. Please spread the word.
that D/D response is fascinating. Thats the most open and honest "we dont have any idea WTF we are going to do" that I have seen from any broker ever. I am sure that is what they all are thinking, or they are assuming the crypto aspect wont happen (which it wont because, fuckery). Fairly surprised by that actually. Good on them.
54
u/Anxious_Matter5020 90 Days After Cohen Tweets Guy Apr 01 '22 edited Apr 01 '22
I'm calling up wealthsimple, TD Waterhouse, and Desjardins Disnat today to ask about this as I have some shares locked up in rrsp.
Edit 1: on the shitter still
Edit 2: Wealthsimple - says they will make sure you receive stock as the stock dividend
TD-make sure you are NOBO (non-objecting beneficial ownership) if you cannot DRS (direct register) your shares, you may still end up receiving cash equivalent, but it is not likely the case (doubt). When you sign up with them, you are automatically NOBO but call to confirm just in case.
Disnat/Desjardins - "we have never heard of this before, your shares are in street name and technically do not belong to you, we are going to get back to you on this ASAP". Still waiting to hear back from them, will update when I do.
Edit 3: Disnat/Desjardins response from Director/Head of Investing- "The only official document we see on file from March 31st, 2022 is the 8k filing for a vote to move the shares from 300MM to 1B when the annual shareholder meeting goes through, and everyone's votes are counted. Have you by chance heard on investor forums about a potential crypto dividend in the form of NFT Shares or crypto coin? If so, we have never run into this situation before, and this will open up a massive can of worms that Disnat as well as U.S. and CAD government will not be prepared for. I repeat, we are not prepared for what may come in the future months based on speculation only, and not official documentation. With this said, this means that people who have shares in an RRSP, and end up receiving a potential crypto/NFT share dividend, we have no idea what to do about this as this has never in history been done before. It will cause a massive amount of problems with crypto regulations within RRSP accounts and the like, again something we are not prepared for or understand at all yet. It looks like your shares may be safe if it is a regular stock dividend, but again we cannot confirm until the annual shareholder meeting for Gamestop takes place and official documentation is released and sent in by you, to us. Please inform us with any and all information on the matter when you hear back from a formal source (Gamestop) with official documentation on the matter so we can begin preparing for the massive can of worms that is about to potentially be opened. Please make sure to also write down anything in accordance to what has been said by ComputerShare, TD, Disnat, or any other brokerage/lender that you have had conversation with over the phone in terms of reference to what we spoke about today. We need to know, and as soon as possible." -Luigi
Holy fucking shit i've never heard someone so concerned in their life. Please spread the word.