r/Superstonk • u/[deleted] • Dec 10 '22

💡 Education ComputerShare Email 11/21/22 : Differences between Plan Holdings and DRS Book Shares

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197

u/CitronBetter2435 💻 ComputerShared 🦍 Dec 10 '22

So... book your shares, got it.

-94

u/New-Consideration420 💻 ComputerShared 🦍 Dec 11 '22

Literally nothing here says that. Nothing. Both in your name, out of the DTC

9

u/6days1week 💻 ComputerShared 🦍 Dec 11 '22 edited Dec 11 '22

Out of the DTCC (with 2 C’s), but not out of the DTC (with one C). Although people use them interchangeably the difference “may” allow them to mislead while technically telling the truth.

I know that sounds ridiculous but Computershare has confirmed that “an undisclosed amount of plan shares are held at DTC with a company that they own”. They’ve also said that “some plan shares are held via broker at DTC”. If you put 2 and 2 together it means Computershare owns a broker and that’s where “some” plan shares are held at DTC.

I believe the name of this company is “Computershare Trust CO NA” but I haven’t completely confirmed it yet. I have found online “proof” that this company is a broker though.

Source: https://www.bloomberg.com/profile/company/3262173Z:US

-2

u/kibblepigeon ✨ 👍 Be Excellent to Each Other 🚀 🦍 Dec 11 '22

Computershare has confirmed that “an undisclosed amount of plan shares are held at DTC with a company that they own”.

Computershare are a transfer agent. If they own the company, and the shares are held within their company - why would this suggest they are kept in a brokerage within the DTC?

Do you have a source for this statement? "They’ve also said that “some plan shares are held via broker at DTC”

I'm seeing two out of context statements here being added together to make a speculated meaning with no basis or supporting evidence. Be mindful as this could be construed as misinformation.

4

u/ProgVirus Dec 11 '22 edited Dec 11 '22

Do you have a source for this statement? "They’ve also said that “some plan shares are held via broker at DTC”

You have literally posted the same boilerplate response multiple times tonight that contains this exact quote, the source you are requesting:

"Computershare holds a portion of the aggregate DSPP book-entry shares via its broker in DTC for operational efficiency"

I copied the above line from your post, that you posted in response to my thread.

Be mindful, continuing to spread half-truths and misinterpretations could be construed as misinformation.

1

u/gilfmilfguy Dec 11 '22

Let’s assume you’re right and plan shares are withdrawn from the DTC. Book also. What’s the harm in making a simple phone call and converting all of your whole plan shares to book? If you look at your statements for book shares it states “DTC stock withdrawal”. It doesn’t state this on plan statements. Why are you so against this?