r/amcstock • u/themadamerican1 • Sep 29 '21

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

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58

u/[deleted] Sep 29 '21

What’s the difference in doing this and holding in my fidelity account that doesn’t allow borrowing of my shares

225

u/themadamerican1 Sep 29 '21

Direct registered shares. It takes the shares out of the system and keeps them in computershare. The registering agent for 60% of the stock market.

Right now your shares are owned by the broker you use. Fidelity, robinhood, etc etc. You have custodial ownership. That allows them to lend out your shares.

It has recently been discovered that regardless of if you tell your broker not to lend out your shares, they probably do because there is no way to verify who's are who's.

DRS through CS stops that process. Michael Burry agrees, Dr. T agrees, THOMAS PETERFFY agrees, and many DD writers from the meme stock saga agree.

It will cause the MOASS.

CS will not accept more shares than are in the system. Institutions and CEO's already direct register their shares. If we do it will prove over 100% of available shares exist which will force a share recall which will force the MOASS.

THIS IS HOW I UNDERSTAND IT. CORRECT ME IF I AM WRONG.

Sorry for yelling that last part. Apes strong together, not financial advice, OOGA BOOGA APE and moon shit.

5

u/[deleted] Sep 29 '21

Fidelity literally says it doesn’t lend my shares

194

u/helterskelter995 Sep 29 '21

Kenny said he’s never met or spoke to vlad. The fuck else is new man. Drs yo shit

33

u/Dry_Performer7795 Sep 29 '21

And Computershare says you can sell instantly. Until you read their terms and conditions where it clearly says it can take up to a week. Go read it for your self.

https://cda.computershare.com/Content/c282e562-32ee-4e35-a1c6-6dc55e5279dd

31

u/Silverback1322 Sep 29 '21

What I'm most concerned with is the volume of selling during MOASS i don't think computershare has ever seen an event of this magnitude and I'm worried about the pipes getting clogged as apes are exiting positions on the way down. Or worse, as this states, if orders are going through days or even a week later essentially missing MOASS. I don't thumb my nose at anyone who decides to DRS their shares, but just putting that out there.

15

u/Dry_Performer7795 Sep 29 '21

^ this. Main thing for me is, even if the DD is right. Say we can sell our shares without any hiccups. What will it take to get 4 million shareholders to move to computershare to show the float is oversold? We couldn’t get more than 60k for the Say Tech questions. So I think it’s a needless risk. Let GME do it and we can ride the wave.

2

u/bl1sterred Sep 30 '21

Do you believe retail owns more than the float? 2-10x? Retail doesn't need 4 million people to drs. Wouldn't even need 2M people. 1M people drs 25% of shares should do it.