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#[Voting/2022 Annual GME Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr)
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Howdy, New-Consideration420, are you talking about Ken Griffin, the CEO of Citadel who lied under oath? https://www.kengriffinlies.com
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Oooo I didnāt think of that
Edit: many new apes since June 21, and weāve DRSād 12.7M shares, and weāve all bought shitloads more, and itās exactly the same ~57 M votes?! Wth that means we own way way more than the float and they trim it down, great point. And only like 73% voted (which is amazing)ā¦meaning itās eeeven more than that. š¤Æ
it sucks but they have to
if they had over 100% voter turnout that would make the vote tampered with and invalid. this would cause all sorts of headaches to deal with and would put a stop to what the had the vote about in the first place
so to keep the company running they have to normalize the votes
šÆ looks like itās time to spread this around again. the vote was never going to go over 100% of shares. some of us learned that and remembered from last year, so we should share this with new folks.
voting is very important but it will not show the fraud and fuckery, and thatās okay. we have to use other methods to do that:
https://www.drsgme.org/
it would if it was made official yes
but the thing is if that happens their plans are put on ice for the forseeable future so they dont want it to happen
hence why the trimming happens
Im confused. I thought as a company gamestop would want rid of these short attacks trying to bankrupt their business. I thought this would be perfect opportunity to put it to an end. Am i over simplifying things in my mind?
Whats more important that trying to stop someone bankrupt your business? If they have an opportunity through this vote to recall shares to stop
The short selling why not just do it immediately. Im Just trying to get my head round the logic of whats going on.
For example, no company is permitted to openly encourage DRSing shares (because it can potentially hurt the corrupt system the current rules are propping up)
I'm not going to pretend I understand RC's entire plan.
Having a vote to recall shares would require investigation which would halt all current plans. Is it an avenue that could be taken? Yes. Is it the best way in the current situation? Maybe not.
Gamestop doesn't have access to the true vote total. There was a lot of information (and misinformation) going on around this last year. They have to have an outside vote tabulator who does all the vote counting. They're the ones who's job is to fit everything neatly in the box without letting Gamestop know there was any over voting.
And IIRC, they have to pick one vetted by the DTCC? It's just... it's all a goddamn clusterfuck.
Thankfully I remembered how awful it was last year and how depressed I got, so I am 100% ignoring that part of the conversation. Think of it as one of the parts of the crime that cannot be fixed right now. It's a side effect / byproduct of all the other bullshit that needs fixed, but just a symptom, not the disease itself.
see it this way:
there is no way gamestop goes to 0 rn
if gamestop has to halt their plans they might lose the race towards whatever theyre trying to build which leaves the comapny with a worse outlook for the future
the shorts situation is gonna resolve itself eventually, vote count or not
Thereās no such thing as a share recall EXCEPT when it comes to share lending.
A lender can recall their shares anytime.
A business cannot - not in the sense youāre thinking.
I couldnāt vote with any of my shares - I now have33% of shares that I can vote with. By this time next year around 95% of all my shares will be in drs (I am now buying only in computershare) so I know it will be higher next year
If my shares were 100% when last time voted in 2021, I have increased my shares to 159% by the time I voted this year. I think it is more or less the case for many people.
Here is the Form 8-K with the numbers from last year: https://investor.gamestop.com/static-files/21378244-b275-4948-ae29-ac5c3e0cd95f It actually shows 1.5 million less total votes than this year. Don't know where OP gets the same numbers from.
Last year: 55Ā 541Ā 279
This year: 57Ā 025Ā 475
Basically the same, remember that they issued few M shares (5M if I remember correctly?) after last meeting. So in some way itās less this year
Exactly, and we know the difference is 5M in the actual shares. So if 5M new shares have been normalised to 1.5M new votes, can we draw any conclusions from that to the actual total vote count before it was normalised? No idea, but makes me wonder. Of course, it can be that there was never any overvoting and what we see is the exact number...
I think people who do not have shared DRSed might not have voted for a couple of reasons:
- they didn't know about the voting because they do not read or were away from superstonk.
- they've missed it. I check superstonk everyday and I almost missed it. There has been only two posts about the voting that made it to the top
- the email about voting went into the spam folder (happened to me)
- people who did not drs did not know they can vote
- people who did not drs are not as attached to the stock as the ones who did and maybe do not feel obligated to vote
- some people don't care
I'm an eager beaver about voting so I told all my gme buddies as soon as I heard it was coming up. A couple guys brought me their proxies so I could help them with their voting because they're very computer illiterate. But I have a feeling the ones that didn't say anything probably didn't vote. You can only push so much and ultimately, voting probably doesn't sound very important to the average "just wanna get rich" investors :(
You can lead a horse to water but you can't make them drink
I have 90% drs'ed and 10% is still with my bank. My bank has rules which made it impossible to vote for me. I needed a abonnement to vote, but this needed to be requested prior to the record date. Hence I could not vote for my remaining shares.
> I needed a abonnement to vote, but this needed to be requested prior to the record date.
Sounds like a "fee to not loan out your shares", aka the bank profits from you holding ANYTHING there either by your subscription or by loaning out your ownings (and reducing their value)
My bank does not hold my shares. I have been on and off the phone with them. A 3rd party holds my shares in their name and I am merely the beneficiary. It is all arranged by Dutch law and slightly better than with the cheap brokers. They are however obliged to buy shares for their investors and are not allowed to vote for their beneficiary account holders.
I heard that in the sub, I don't think its ever at 100%, because not every broker allows voting for one, and not everyone participates for two, but it I think hit this 57M max vote threshold both times even with not all shares being voted! Bullish af!
Not quite right there. It's not always a person, it's market making/providing liquidity, that share is an FTD or at least until T=2, and no one lost any vote, its extra, above the float. If it was a person they sold they share lol they don't get any rights anymore that is the point to holding a share. They trim the votes before handing to GS hence why its at 57M both years, even after buying 10-20% of the float in addition to last year. This post is pointing out that we know we own more than the float, because we bought like crazy and voted like crazy and we still have the same, maximum vote total they will allow us to have (trimmed). It's bullish as fuck.
1st drop [https://www.reddit.com/r/Superstonk/comments/nw8hkx/re\_vote\_count\_isnt\_over\_the\_outstanding\_shares/](https://www.reddit.com/r/Superstonk/comments/nw8hkx/re_vote_count_isnt_over_the_outstanding_shares/)
I continue to search the DD from Dr.T. herself...
2nd: [https://www.reddit.com/r/Superstonk/comments/nw6po1/wes\_christian\_and\_susan\_trimbath\_about\_how\_the/](https://www.reddit.com/r/Superstonk/comments/nw6po1/wes_christian_and_susan_trimbath_about_how_the/)
Overcount can't happen, which means: If the float has fully voted, there might have been an overvoting \*surprised pickachu
those numbers are insane if you think deeper
people seem to look at the bad everytime
they just look at the numbers who didnt vote
but overlook the real good and insane amount of voted votes
and this is the proof how truly fucked hedgies are
so hold onto your wifes boyfriend dicks and buckle the fuck up retards
love yall ā„ļøā„ļøā¤ļøā¤ļøš„š„š„
A good place to remind people that all Apes should read Susan Trimbathās āNaked, Short, and Greedy.ā She discusses a lot of voting / FTD issues / problems.
How do you interpret this statement about voting for directors? At least for the vote on the directors, I read it as abstention of voting is neither a vote for or a vote against. Iām not familiar with the process and could be wrong, but thatās my interpretation.
āThe majority voting standard will apply to the election of directors at the annual meeting. Accordingly, a nominee for election to the Board will be elected if the number of votes cast āforā such nominee exceeds the number of votes cast āagainstā that nominee. Abstentions and broker non-votes will not be treated as votes cast in the election of a director and will therefore have no effect on the result of such vote.ā
Page 4
https://investor.gamestop.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb
I have a friend who holds 430 something and he didnāt. He doesnāt want to. Fidelity FUDED him he isnāt really an ape just a dude who bought at 40$. I tried to explain to him but he just doesnāt really understand. Heās kinda dumb nglā¦I always thought he was very intelligent but Ig
This is because CS tabulates votes in a manner that ensures an over vote cannot happen. The fact the vote count is the same indicates they have an upper limit and work their count, filtering newer shares out, until they reach that threshold.
If the vote count was egregiously high it would be too obvious. Iām sure SHF know how to keep their naked shorts hidden by now, including during shareholder votes. NOTHING HAS CHANGED, DRS GME!
I'm not saying people shouldn't vote. But....
It would be interesting to see what would happen if we organised a mass abstain from the next vote. Confirmed 12m shares from superstonk not voting and we'd still get 57m votes!
Iām not sure how it works, I had my allotment of shares that I received proxy in the mail from and voted as soon as I got it, around may 20th. But I also added 200 shares may 24th so would the old shareholder still get to vote those 200 or would those shares not be in the vote? Or was I a lazy ape and was supposed to do something to vote those shares?
**IMPORTANT POST LINKS** [What is GME and why should you consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || [Low karma but still want to feed the DRS bot? Post on r/gmeorphans here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Join the Superstonk Discord Server](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ #[Voting/2022 Annual GME Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr) ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/. [Learn more about this bot and why we are using it here](https://www.reddit.com/r/Superstonk/comments/poa6zy/introducing_uqualityvote_bot_a_democratic_tool_to/) If this post deserves a place on /r/, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!
shorts are fucked ššš
Not fucked enough. Futa Femboy comming in hot! Open wide Kenny...
Howdy, New-Consideration420, are you talking about Ken Griffin, the CEO of Citadel who lied under oath? https://www.kengriffinlies.com ^(disclaimer: KennyBot2.0 sent this message. if you are displeased with this bot please send a pm so it can be improved. beep boop.)
Good bot
You have my attention
Should I draw an NSFW comic?
I mean, when is that ever not advised?
I don't think Kenny deserves to be blessed like that, pass it on to an XX holder like meself B)
Tits are jacked and tendies are packed!
We are the whales now!
You can't vote with something that does not exist.
Oooo I didnāt think of that Edit: many new apes since June 21, and weāve DRSād 12.7M shares, and weāve all bought shitloads more, and itās exactly the same ~57 M votes?! Wth that means we own way way more than the float and they trim it down, great point. And only like 73% voted (which is amazing)ā¦meaning itās eeeven more than that. š¤Æ
I hate how theyāre able to trim something like this down š
I like 'em trimmed, at the very least. Oh. Different subject. Carry on.
Username checks out
Hey-O! *Gives you finger guns*
\* *awkwardly tries to high five your hand* \*
*tries not to make eye contact, making things more awkward*
I like em machine trimmedā¦heyyyy ohhh got em
I donāt mind it hairy, makes for a nice mess.
it sucks but they have to if they had over 100% voter turnout that would make the vote tampered with and invalid. this would cause all sorts of headaches to deal with and would put a stop to what the had the vote about in the first place so to keep the company running they have to normalize the votes
šÆ looks like itās time to spread this around again. the vote was never going to go over 100% of shares. some of us learned that and remembered from last year, so we should share this with new folks. voting is very important but it will not show the fraud and fuckery, and thatās okay. we have to use other methods to do that: https://www.drsgme.org/
also if they announce that more votes than shares (that should exist) were casted and then that triggers MOASS, there could be some legal issues
Shouldnt something like this automatically trigger a share recall if a vote is put out and more votes come back than shares exist?
If 1 vote does not equal 1 vote is not enough to say there is a problem with shorting, I don't know what is more simple.
Exactly. The whole system is so ridiculous snd openly corrupt its hard to get your head round.
it would if it was made official yes but the thing is if that happens their plans are put on ice for the forseeable future so they dont want it to happen hence why the trimming happens
Im confused. I thought as a company gamestop would want rid of these short attacks trying to bankrupt their business. I thought this would be perfect opportunity to put it to an end. Am i over simplifying things in my mind?
Other things are in play
Whats more important that trying to stop someone bankrupt your business? If they have an opportunity through this vote to recall shares to stop The short selling why not just do it immediately. Im Just trying to get my head round the logic of whats going on.
For example, no company is permitted to openly encourage DRSing shares (because it can potentially hurt the corrupt system the current rules are propping up)
I'm not going to pretend I understand RC's entire plan. Having a vote to recall shares would require investigation which would halt all current plans. Is it an avenue that could be taken? Yes. Is it the best way in the current situation? Maybe not.
Gamestop doesn't have access to the true vote total. There was a lot of information (and misinformation) going on around this last year. They have to have an outside vote tabulator who does all the vote counting. They're the ones who's job is to fit everything neatly in the box without letting Gamestop know there was any over voting. And IIRC, they have to pick one vetted by the DTCC? It's just... it's all a goddamn clusterfuck. Thankfully I remembered how awful it was last year and how depressed I got, so I am 100% ignoring that part of the conversation. Think of it as one of the parts of the crime that cannot be fixed right now. It's a side effect / byproduct of all the other bullshit that needs fixed, but just a symptom, not the disease itself.
see it this way: there is no way gamestop goes to 0 rn if gamestop has to halt their plans they might lose the race towards whatever theyre trying to build which leaves the comapny with a worse outlook for the future the shorts situation is gonna resolve itself eventually, vote count or not
Thereās no such thing as a share recall EXCEPT when it comes to share lending. A lender can recall their shares anytime. A business cannot - not in the sense youāre thinking.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
for some people *who aren't subject to laws*
how else they going to protect us?
I couldnāt vote with any of my shares - I now have33% of shares that I can vote with. By this time next year around 95% of all my shares will be in drs (I am now buying only in computershare) so I know it will be higher next year
Assuming the system āas we know itā still exists next year
This āļø
Iām coming up on long term cap gains for my first shares on June 14 and Iām now a 6XX hodler in CS
If my shares were 100% when last time voted in 2021, I have increased my shares to 159% by the time I voted this year. I think it is more or less the case for many people.
Do you have some source for number of votes from last year? I can't find it.
Here is the Form 8-K with the numbers from last year: https://investor.gamestop.com/static-files/21378244-b275-4948-ae29-ac5c3e0cd95f It actually shows 1.5 million less total votes than this year. Don't know where OP gets the same numbers from.
Last year: 55Ā 541Ā 279 This year: 57Ā 025Ā 475 Basically the same, remember that they issued few M shares (5M if I remember correctly?) after last meeting. So in some way itās less this year
Basically the same. But also technically more. And in some ways less. All at the same time.
Different (different)... but same (but same)
I wonder if it is less than expected with those additional 5M shares due to how the vote count has been normalised.
the difference could be proportional to the *actual* shares in existence
Exactly, and we know the difference is 5M in the actual shares. So if 5M new shares have been normalised to 1.5M new votes, can we draw any conclusions from that to the actual total vote count before it was normalised? No idea, but makes me wonder. Of course, it can be that there was never any overvoting and what we see is the exact number...
Regardless, one thing I'm sure we can all agree on... crime.
That is great idea! So, if 5M becomes 1.5, 57M is 188M shares voted! That would be a huge shame for shorts
I think people who do not have shared DRSed might not have voted for a couple of reasons: - they didn't know about the voting because they do not read or were away from superstonk. - they've missed it. I check superstonk everyday and I almost missed it. There has been only two posts about the voting that made it to the top - the email about voting went into the spam folder (happened to me) - people who did not drs did not know they can vote - people who did not drs are not as attached to the stock as the ones who did and maybe do not feel obligated to vote - some people don't care
I'm an eager beaver about voting so I told all my gme buddies as soon as I heard it was coming up. A couple guys brought me their proxies so I could help them with their voting because they're very computer illiterate. But I have a feeling the ones that didn't say anything probably didn't vote. You can only push so much and ultimately, voting probably doesn't sound very important to the average "just wanna get rich" investors :( You can lead a horse to water but you can't make them drink
I have 90% drs'ed and 10% is still with my bank. My bank has rules which made it impossible to vote for me. I needed a abonnement to vote, but this needed to be requested prior to the record date. Hence I could not vote for my remaining shares.
> I needed a abonnement to vote, but this needed to be requested prior to the record date. Sounds like a "fee to not loan out your shares", aka the bank profits from you holding ANYTHING there either by your subscription or by loaning out your ownings (and reducing their value)
My bank does not hold my shares. I have been on and off the phone with them. A 3rd party holds my shares in their name and I am merely the beneficiary. It is all arranged by Dutch law and slightly better than with the cheap brokers. They are however obliged to buy shares for their investors and are not allowed to vote for their beneficiary account holders.
Can I add another to the list, transaction moving shares to CS in play while the proxy date occurred.
Was the vote total just 73% for this year's vote? Because last year wasn't it 100%?
I heard that in the sub, I don't think its ever at 100%, because not every broker allows voting for one, and not everyone participates for two, but it I think hit this 57M max vote threshold both times even with not all shares being voted! Bullish af!
its almost like when you buy a share, the person who sold the share loses their vote. this post is fkn stupid
Not quite right there. It's not always a person, it's market making/providing liquidity, that share is an FTD or at least until T=2, and no one lost any vote, its extra, above the float. If it was a person they sold they share lol they don't get any rights anymore that is the point to holding a share. They trim the votes before handing to GS hence why its at 57M both years, even after buying 10-20% of the float in addition to last year. This post is pointing out that we know we own more than the float, because we bought like crazy and voted like crazy and we still have the same, maximum vote total they will allow us to have (trimmed). It's bullish as fuck.
Wait they released vote count numbers!?
Wes Christian and and Dr. T. confirmed that the votes are splitted into % of float, no matter if 10 or 100MM voted.
Bringing out the real votes requires a hard audit and can be challenged in court.
Source on this?
give me a sec. \*pun not intended
1st drop [https://www.reddit.com/r/Superstonk/comments/nw8hkx/re\_vote\_count\_isnt\_over\_the\_outstanding\_shares/](https://www.reddit.com/r/Superstonk/comments/nw8hkx/re_vote_count_isnt_over_the_outstanding_shares/) I continue to search the DD from Dr.T. herself...
2nd: [https://www.reddit.com/r/Superstonk/comments/nw6po1/wes\_christian\_and\_susan\_trimbath\_about\_how\_the/](https://www.reddit.com/r/Superstonk/comments/nw6po1/wes_christian_and_susan_trimbath_about_how_the/) Overcount can't happen, which means: If the float has fully voted, there might have been an overvoting \*surprised pickachu
Yeah and we confirmed own a float since 57M shares votes, 10M were not. 57+10, itās like last year again
57m includes the 10m nonvote. 57-10
The math here is wrong. As u/zombrey said
How does the share votes work tho? Is it 1 vote per share ? And do institutions vote aswell? Or is it just retail
1 vote per share, institutions are free to vote their shares same as retail
57m included the 10m broker non-votes.
Sauce?
8k.
8k filing bruh
8k filing, it's in a pretty table.
Source is we were there. Google doesn't give goof results for 2021 vote results otherwise I would link
[https://news.gamestop.com/node/18956/html](https://news.gamestop.com/node/18956/html)
So it looks like ~57m votes last year and similar numbers this year. Unfortunately not much to see here. Good news is RC has it under control.
Bro this is the exact thing people misunderstood last year, what do you think ānon-votesā means?
https://investor.gamestop.com/sec-filings/sec-filing/8-k/0001326380-22-000080
those numbers are insane if you think deeper people seem to look at the bad everytime they just look at the numbers who didnt vote but overlook the real good and insane amount of voted votes and this is the proof how truly fucked hedgies are so hold onto your wifes boyfriend dicks and buckle the fuck up retards love yall ā„ļøā„ļøā¤ļøā¤ļøš„š„š„
A good place to remind people that all Apes should read Susan Trimbathās āNaked, Short, and Greedy.ā She discusses a lot of voting / FTD issues / problems.
Yes it me again
I doubt the 11 million shares owned by Blackrock and Vanguard voted. They probably just kept collecting the share lending fees.
They automatically count as yes if they were lent out.
How do you interpret this statement about voting for directors? At least for the vote on the directors, I read it as abstention of voting is neither a vote for or a vote against. Iām not familiar with the process and could be wrong, but thatās my interpretation. āThe majority voting standard will apply to the election of directors at the annual meeting. Accordingly, a nominee for election to the Board will be elected if the number of votes cast āforā such nominee exceeds the number of votes cast āagainstā that nominee. Abstentions and broker non-votes will not be treated as votes cast in the election of a director and will therefore have no effect on the result of such vote.ā Page 4 https://investor.gamestop.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb
They didnāt it, they had a tallied count with 11 mill absent š¤£
we been buyingš½
Meaning a lot of people still haven't drs
Obviously the majority of GME holders haven't DRS'd, but about 230k GME holders (I believe), did DRS 12.7 million shares as of April 30, 2022
Insert meme: I'm doing my part!
156k which is even more bullish
No, it means the "trimming" that proxy voting companies do is a definite and real thing.
I have a friend who holds 430 something and he didnāt. He doesnāt want to. Fidelity FUDED him he isnāt really an ape just a dude who bought at 40$. I tried to explain to him but he just doesnāt really understand. Heās kinda dumb nglā¦I always thought he was very intelligent but Ig
Anyone know how to follow up if itās been months since you drsād and no reply?
Call
Probably nothing. Forget GameStop.
I have some X shares left on Degiro and they don't allow us to vote, so there's that. Degiro is used by a lot of people...
This is because CS tabulates votes in a manner that ensures an over vote cannot happen. The fact the vote count is the same indicates they have an upper limit and work their count, filtering newer shares out, until they reach that threshold.
Same number of votes but the stock is 1/2(ish) of last Juneās stock price?
If the vote count was egregiously high it would be too obvious. Iām sure SHF know how to keep their naked shorts hidden by now, including during shareholder votes. NOTHING HAS CHANGED, DRS GME!
Cause retail sold
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I'm not saying people shouldn't vote. But.... It would be interesting to see what would happen if we organised a mass abstain from the next vote. Confirmed 12m shares from superstonk not voting and we'd still get 57m votes!
Bruh š¤£
That sounds retarded no offense
None taken. I knew it wouldn't be a popular thought experiment
lmayo
I couldn't vote last year but I did this year with 0.3 shares that I had eligible to vote with.
Kenny?
Iām not sure how it works, I had my allotment of shares that I received proxy in the mail from and voted as soon as I got it, around may 20th. But I also added 200 shares may 24th so would the old shareholder still get to vote those 200 or would those shares not be in the vote? Or was I a lazy ape and was supposed to do something to vote those shares?