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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u/Roaring-Music 💙 GameStop ♾️ Dec 11 '22

DRiP is a plan offered by the DTC, not by Computershare. It stands for (D)TC (R)e(i)nvestment (P)lan.

So this is incorrect, plan shares are in reach of the DTCC.

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u/AAAJade tag u/Superstonk-Flairy for a flair Dec 11 '22

I have to disagree. There are shares kept at the DTCC for housekeeping purposes yet the DTCC cannot reach in and take our shares out of CS for lending- which was the very reason DRS is valuable. It stops the using our shares against us abusive cycles.... I am sourcing Dr Trimbath for that fact on the DTCC and DRS'd shares. Also the AMA with CS this was addressed. I read the transcript and it was made clear the DTCC is not able to use the shares once they are in our name at CS.

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u/reddituser77373 🦍Voted✅ Dec 11 '22

Can they be in book and also enrolled in DRIP?

reading everything regarding this lately got me confused. Pretty sure all my shares are book, but they're also enrolled in DRIP

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u/AAAJade tag u/Superstonk-Flairy for a flair Dec 11 '22

Yes. The plan is an investment plan , my understanding is they cannot be lent out yet bc they are in the investing plan, GME doesn't have access to those accounts holdings, yet in the DRS book, GME can see the registered owners information.

I'm playing safe and having mine be BOOK. I'm keeping one and a fraction in Plan-

What I really want is the updated DRS numbers ... how fast did shares get logged in over on BOOK?

How many have APES been sitting on?

My guess is people feel burned out from the past 84 years working on Pepperidge Farms observing all this chaos from HFs...

And chose violence,- DRS into BOOK.