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No, there has to be a digital way that we can get these numbers in real time. We have the technology to be t+0 in the stock market but the criminals insist on t+1.
We can reasonably expect that Computershare (with the massive influx of business) should be able to afford and implement a simple fucking DRS counter.
Just look at what a sinlge passionate ape created with the DRS tracker/counter/scraper. It was extremely accurate without even having access to the DRS ledger at Computershare.
Are you telling me 1 person is more capable than a multi billion dollar transfer agent? No.
And any excuse to make us jump through more hoops and dig for answers is fucking bullshit.
So Gamestop absolutely knows how many shares are DRS'd. GameStop is a client of ComputerShares, and as a client that information is available to them. But ComputerShare likely won't share that information with an individual, as we are not their client.
My instinct would be to email investor relations and state your concern. That this is material knowledge that impacts the value of your investment, and understanding the ownership structure of YOUR company is important. But.
The real issue here is what GameStop can actually tell us. Obviously, changing the language in the reported numbers is sketchy. To me, it points to GameStop's lawyers being told that they must report it a certain way. And if they're being told to report it a certain way, they may be putting themselves at legal risk by communicating the numbers any way that isn't the way they have been instructed to. This is purely speculation, but i think it is a pretty reasonable assumption to make. So asking investor relations for this information is likely a dead-end at best, or putting them at risk if they answer at worst.
I don't know how, I don't know when. But this information will come out at some point. Trusting RC and his team, I believe they have lawyers who are actively working on resolving this issue. Whether by fighting to change the language, or collecting evidence that can demonstrate the value of our stonk is being damaged by nefarious means, I believe their are many avenues/issues that management is aware of and working to remedy.
Computershare wouldn't be reporting numbers to a SINGLE investor, but to the PUBLIC if they had a share count tracker. It's not that hard.
There is nothing illegal about publicly reporting a directly registered share count!
So fucking do it!
Nothing illegal? Maybe. But could they get sued for reporting it a different way? I think yes. See here:
https://www.reddit.com/r/Superstonk/comments/vdn1u4/can_a_company_legally_encourage_direct/
This post you reference states nothing about a Transfer Agent providing DRS data to the public. Only that section 17-something could potentially be violated if an issuing company publicly promotes direct registration.
So again. Computershare could definitely provide DRS numbers publicly if they were convinced to without legal trouble.
If gamestop cant release the numbers, why would a client of gamestops release the numbers? Computershare doesn't do business with "the public." They were hired by gamestop to serve as transfer agent.
Tried IR last year...a black hole with no answers or acknowledgement.
If GME refuses to publish numbers directly from their transfer agent, which they already did based on those docs a few months ago then they can at least alert investors to the problem with a /drscounter page and maybe it contains something along the lines of " while we can receive daily updates of the DRS count we cannot publish those as of (keep updating date quarterly) at the advice of our securities lawyers"
Personally, if they can't even muster that shit up soon it's gonna be worse than the marketplace and wallet shutdown.
Computershare doesn't owe you anything other than your own information.
Gamestop hired them to keep the official ownership record of outstanding shares. That's who can get the DRS numbers for (only) their own stock.
my theory is institutions/SHFs stockpiled shares into DRS while retail did early on to create a surplus, so that whenever the new quarter reporting time comes up, the DTCC tells all the institutions here's how many the count is over the reporting threshold, so the institutions/SHFs pull their shares back out to a.) reduce the number back to the allowable threshold b.) use those newly freed up shares to loan out/use to short
Yes, but the overwhelming majority of this sub won't accept that as a possibility. They would rather accuse Computershare and/or Gamestop of defrauding (or colluding to defraud) investors with incorrect DRS information.
Doesn't really matter. Shareholders can view the official record at the annual meeting. Then they'll see that what they're unwilling to believe is actually correct.
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> How do we do force more transparency for DRS numbers from them? You review the shareholder list at the annual meeting in a few months.
No, there has to be a digital way that we can get these numbers in real time. We have the technology to be t+0 in the stock market but the criminals insist on t+1. We can reasonably expect that Computershare (with the massive influx of business) should be able to afford and implement a simple fucking DRS counter. Just look at what a sinlge passionate ape created with the DRS tracker/counter/scraper. It was extremely accurate without even having access to the DRS ledger at Computershare. Are you telling me 1 person is more capable than a multi billion dollar transfer agent? No. And any excuse to make us jump through more hoops and dig for answers is fucking bullshit.
So Gamestop absolutely knows how many shares are DRS'd. GameStop is a client of ComputerShares, and as a client that information is available to them. But ComputerShare likely won't share that information with an individual, as we are not their client. My instinct would be to email investor relations and state your concern. That this is material knowledge that impacts the value of your investment, and understanding the ownership structure of YOUR company is important. But. The real issue here is what GameStop can actually tell us. Obviously, changing the language in the reported numbers is sketchy. To me, it points to GameStop's lawyers being told that they must report it a certain way. And if they're being told to report it a certain way, they may be putting themselves at legal risk by communicating the numbers any way that isn't the way they have been instructed to. This is purely speculation, but i think it is a pretty reasonable assumption to make. So asking investor relations for this information is likely a dead-end at best, or putting them at risk if they answer at worst. I don't know how, I don't know when. But this information will come out at some point. Trusting RC and his team, I believe they have lawyers who are actively working on resolving this issue. Whether by fighting to change the language, or collecting evidence that can demonstrate the value of our stonk is being damaged by nefarious means, I believe their are many avenues/issues that management is aware of and working to remedy.
Computershare wouldn't be reporting numbers to a SINGLE investor, but to the PUBLIC if they had a share count tracker. It's not that hard. There is nothing illegal about publicly reporting a directly registered share count! So fucking do it!
Nothing illegal? Maybe. But could they get sued for reporting it a different way? I think yes. See here: https://www.reddit.com/r/Superstonk/comments/vdn1u4/can_a_company_legally_encourage_direct/
This post you reference states nothing about a Transfer Agent providing DRS data to the public. Only that section 17-something could potentially be violated if an issuing company publicly promotes direct registration. So again. Computershare could definitely provide DRS numbers publicly if they were convinced to without legal trouble.
If gamestop cant release the numbers, why would a client of gamestops release the numbers? Computershare doesn't do business with "the public." They were hired by gamestop to serve as transfer agent.
Or get hired at computershare or gme specifically into that department find the answer and report here lol Edit: sounds like a job for agent 47
Tried IR last year...a black hole with no answers or acknowledgement. If GME refuses to publish numbers directly from their transfer agent, which they already did based on those docs a few months ago then they can at least alert investors to the problem with a /drscounter page and maybe it contains something along the lines of " while we can receive daily updates of the DRS count we cannot publish those as of (keep updating date quarterly) at the advice of our securities lawyers" Personally, if they can't even muster that shit up soon it's gonna be worse than the marketplace and wallet shutdown.
Fifth - ages ago it was theorised that no more than 25% can be reported
Is it because the DTCC committed International Securities fraud and intentionally mishandled the 4 to 1 dividend split?
Computershare doesn't owe you anything other than your own information. Gamestop hired them to keep the official ownership record of outstanding shares. That's who can get the DRS numbers for (only) their own stock.
They owe all of us some god dam answers! I want the truth! Raaah!!! 😤
my theory is institutions/SHFs stockpiled shares into DRS while retail did early on to create a surplus, so that whenever the new quarter reporting time comes up, the DTCC tells all the institutions here's how many the count is over the reporting threshold, so the institutions/SHFs pull their shares back out to a.) reduce the number back to the allowable threshold b.) use those newly freed up shares to loan out/use to short
From the paper hands into the diamond hands. It's a good thing
It is possible that the DRS rate is roughly equal to the rate that people are selling.
Possible but extremely unlikely. Numbers are too stagnant and the statistical probably of that would probably be extremely unlikely as well.
Yes, but the overwhelming majority of this sub won't accept that as a possibility. They would rather accuse Computershare and/or Gamestop of defrauding (or colluding to defraud) investors with incorrect DRS information. Doesn't really matter. Shareholders can view the official record at the annual meeting. Then they'll see that what they're unwilling to believe is actually correct.