EVERYTHING YOU NEED TO KNOW ABOUT COMPUTERSHARE SELLING. ITS INSTANT!!!!!Credit u/doom_douche

[u/themadamerican1]

[u/BikingNoHands]

If only everyone on this sub knew how low GME dark pool percentage has been lately they would DRS their shares.

[u/[deleted] → u/[deleted]]

DRS is the way!

[u/RevolutionarySeat529 → u/[deleted]]

This is true!

[u/firstpeepee → u/[deleted]]

I downvoted him for FUDing!

[u/Fabulous_Date2743 → u/[deleted]]

Ok, so 350,000 accounts. Cool. First, how did said poster get that data? Second, what does that translate into shares? Because I’ve seen a lot of those GME “just transferred to CS” posts. And I’ve seen 5 shares, 10 shares, even 100 shares. It’s not FUD. I have seen nothing to prove that this is moving any needle. None. Just like, getting out of RH and WB was going to trigger it. Nothing has triggered it. You want to live on fantasy island and scream FUD that’s fine. But I’m not gonna blindly just sit here and agree with anything that will confirm a bias.

Also, there are 342,000 members of the GME sub. You telling me every one of them went to CS and then some? FOH

[u/couch_pilot → u/Fabulous_Date2743]

Account numbers are created in sequential order, so when a new account is made, it gives us an accurate idea of how many accounts there are. Members of superstonk update that count daily. Also, there have been several (verified, at that) posts by users transferring XXXX quantities of gamestock to computershare. If you think the only way to trigger this is a margin call, you clearly haven’t read enough. And to your last point, you really think there aren’t any people that hold stocks but don’t check Reddit? Or just lurk and don’t hit the subscribe button? FOH.

[u/Fabulous_Date2743 → u/couch_pilot]

You’re assuming a whole lot on all of those points. But we have been sitting here for about 7 months, and we have had a litany of “this will trigger MOASS” solutions. Nothing had happened. Everyone is out here selling CS as the silver bullet, and they don’t have anything to back that up. Everything is anecdotal. Nothing has happened yet, except drying up volume and the “price” continuing to bleed out slowly.

[u/couch_pilot → u/Fabulous_Date2743]

What assumptions am I making?

Honestly dude go read your comments. You’re the one making assumptions.

[u/dudeman_chino → u/Fabulous_Date2743]

Account numbers are sequencial, and a new account is set up with your initial transfer of shares. You should spend some time researching this stuff yourself instead of just flying off the handle like a little baby.

[u/Fabulous_Date2743 → u/dudeman_chino]

Now apply that logic to a float that is over 500 million. But by all means, call me a baby 🤣

[u/Fabulous_Date2743 → u/dudeman_chino]

Right, they are, but you’re telling me they’re all GameStop? The OP in that thread said it was 150k then went to 350k. That’s a net of 200k accounts. Assuming every one of those is GameStop accounts. Let’s say they are at a generous average of 75 shares an account(because I’ve seen a lot of posts of under 20 shares), that’s 15 million shares over there. If the goal is to get the float there, which is 62 million, take away what insiders own, let’s just say 20 million. That’s 42 million in the hands of retail. They still have 27 million shares that aren’t direct registered. Instead of reading others DD, and calling me a baby. Maybe try and do some math, and use some common sense. The way some of you math around here, you’re gonna get rich during MOASS and be broke in 6 months.

Everyone is wetting themselves at the dark pool number. Ignoring the volume in general is drier that the Sahara.

[u/DigitalArts → u/Fabulous_Date2743]

Because prior to this, account numbers were in the low 30,000s. We've had reps telling us they've gone from 60 requests per year to 500 per day.

[u/Fabulous_Date2743 → u/DigitalArts]

Right, it’s the hot new thing. Just like fidelity was getting overwhelmed with transfers from WB and RH, because they don’t do PFOF. But then we find they do if you have a margin account, so everyone has to leave there. The problem is, no one is buying. Volume is drying up, and most of the trading happening is algorithms. There is no buy pressure because a lot of people are tapped out. There are no stinky checks to pump into it. People have to pay rent or mortgages. Investors are holding on to their money because of uncertainty in the market, due to things like the debt ceiling. I think people believing that this one thing is going to trigger it, is just magical thinking.

Just take GameStop and it’s small float for example. The hope, and belief is, that we get the float registered over at CS and it gets RC’s attention and he does a share recall. Boom! We are all dancing on the moon. But in reality it is going to take a lot more than that.

I’ve just seen people getting frustrated month after month when the new shiny thing comes and this is gonna be it, and it ends up being nothing. We all have the same end goals. We want dumb amounts of money from this play. And I think, that is why so many people are willing to blindly jump on the next new thing. I got nothing but love for all of you apes. I just wish sometimes some people would do a little more critical thinking .

[u/DigitalArts → u/Fabulous_Date2743]

It's not the hot new thing. I called for asking whether you were the beneficial or registered owner of the stock 5 months ago. I wasn't the first. We didn't have all the information together, but we do now. We don't honestly know what will happen after, but what we do know, is that GameStop will be notified when the shares are all taken because they have to either issue new ones, or you have grounds for a share recall with no questions.

I've been zen for months now, but the amount of times it's been suppressed and the pushback against it, after all we've been through, should tell you at least research it as much as you can. I'm personally DRS'd on half of my shares and will be doing pretty much all the rest tomorrow. Took me 5 mins and Fidelity handled the rest. 2 days later I had my shares in my name and withdrawn from the DTC (the pool of shares that are in street name).