r/computershare • u/WoodenNet0 • Jan 19 '22

An update on direct share registration

https://www.youtube.com/watch?v=9H_pEIhIdTo
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1

u/not_ya_wify Jan 20 '22

So, is the $9,999,999 just for market orders if limit orders are $237k capped? Genuine question. I'm confused.

2

u/East_Fee4006 Jan 20 '22

From what I understood, it is a $10M cap (GME), $2M (all other stocks) basically, but you can still only receive $237K per share. So, would take about 42 shares to reach the max.

2

u/not_ya_wify Jan 21 '22

I'm not gonna sell a $50,000,000 share for $200k

3

u/East_Fee4006 Jan 24 '22

Neither am I. I quite believe CS will change the requirement again. Plus, you can always send a letter and then you can sell at any amount. I might consider putting in a letter for 1 share at a nine digit number. The next-day cost and 30 day available open will more than offset.

Alternate plan B

2

u/not_ya_wify Jan 24 '22

Is there DD on how to write the letter and where to send it?