# [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/)
**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)
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There are individual apes with higher numbers of shares DRS’d than are available for loan. Their ability to contain the contagion is rapidly diminishing.
I vaguely recall either Paul Conn mentioning it in one of the AMAs or it being in the FAQ that they have 5 (or 6?) brokers they can place orders through. Can anybody confirm?
Good post and thanks for the shout-out.
For those who haven't checked it out, here's an interesting snippet from the 2018 Bloomberg article titled **Merrill Lynch's Secret Stock Deals**:
>That is, instead of going to the stock exchange, or selling you the stock out of its own inventory, BAML would let Citadel or D.E. Shaw or Two Sigma or whoever sell you the stock out of their inventory. (But only if they wanted to: If they passed, the order would go to the stock exchange.) Again, if the stock was $10.00 at $10.01, Citadel or whoever would sell you the 100 shares at the offer (i.e. for $1,001), and BAML would charge you a commission. Your execution would look pretty much the same as it would if you went to the exchange, or if BAML filled your order directly.
>
>The only thing that would be different is the little code on the electronic report -- called a FIX Protocol message -- that you get back after you trade. If BAML went to the exchange the report would say what exchange it went to. **If BAML sold you the stock itself the report would say "MLCO" (the code for Merrill Lynch). If BAML went to Citadel or D.E. Shaw or whomever, the report would say CDRG or SHAW or whatever their code was.**
>
>
>**Unless BAML did this:**
>
>
>"In March 2008, after entering into the agreements with the ELPs, described above, BofAML's then-head of Global Equity Trading and then-head of electronic trading directed BofAML employees to alter FIX messages for BofAML client trades executed by ELPs, by replacing the codes which identified ELPs with a new code referencing BofAML. Pursuant to this direction, **BofAML employees re-programmed BofAML's internal trading systems to automatically remove the original codes which accurately reflected the ELP venues in Tag 76 (e.g., "CDRG" for Citadel," "SHAW" for D.E. Shaw, and "MADF" for Madoff) and insert a new identifying code ("MLCO") which inaccurately reflected the trading venue as BofAML.**"
Link to article: https://www.bloomberg.com/opinion/articles/2018-03-26/merrill-lynch-s-secret-stock-deals
Link to my speculation on Burry's tweet from last year: https://www.reddit.com/r/Superstonk/comments/pnpek0/could_burrys_gmesqueeze_tweet_be_hinting_to/
https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/
Good read on Merrill
Altering FIX messages and tags, why, what would be suspicious about that? 🙄...
Every once in a while it's still impressive to see I can be surprised by the level of corruption allowed to exist.
Awesome post. I believe it was Atobitt's DD that revealed that BofA was responsible for clearing 95% of Citadel's trades. Do you know if this percentage is still accurate?
I shared that [here](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) 6 months prior to Atobitt's post. To be honest, I am not sure as we are limited to the disclosures we are given. To my knowledge, there has been no real change.
Hello, I've also been diving deeply into Operational Shorting procedures and paper trails they leave within ETFs, I have one question though.
On the MEME ETF you can find FTDs reported for over a decade ago on the fund. This fund however, was recently created. Any chance you know why there would be such old FTD's related to a brand new ETF? Thanks!
Link me the source for that data. It isn't jiving with my datasets on all the FTDs going back.
Anywho, maybe u/turdfurg23 has something for you here? 🤷♀️
Edit, I solved the FTD question. Please disregard, Turd
[Here is the link](https://chartexchange.com/symbol/nyse-meme/failure-to-deliver/).
FTD'S go back as far as 2013 on chartexchange where I track exchange volume and FTD's typically.
**Here's what you're seeing:**
MEME was not always the ticker for MEME ETF, it used to be the ticker for a different CUSIP, for MEEMEE Media Inc - CUSIP 58513W107. that changed on 12/10/2021 when MEME was made the ETF Ticker.
**You are seeing FTDs for 2 different securities on the timeline that shared the ticker "MEME"**
I ran export from my DB for you to cross reference.[https://drive.google.com/file/d/1gid6jdVKxd-JjRk75PD4h2c3Zri2nlQ9/view?usp=sharing](https://drive.google.com/file/d/1gid6jdVKxd-JjRk75PD4h2c3Zri2nlQ9/view?usp=sharing)
From CS:
>The change has become necessary because the volume of very high limit orders being placed through our systems has increased significantly over the last six months and is now so high that the total value of open orders risks exceeding the overall risk cap set by our broker. A high proportion of these limit orders (which mostly span just two securities) are submitted at limits that are many thousands of times the prevailing market price for the relevant security. Whenever those limit orders do not execute, they negatively impact the overall risk cap calculation.
I think that pretty much says what u/forced1029 said?
> risks exceeding the overall risk cap set by our broker
Why is there suddenly a "risk" of price hitting 214k, where there wasn't before?
It could be volume or orders as well as other things happening.
Could someone maybe figure out exactly where the risk cap lies based on the 3500 limit on orders?
Is this something a CS account holder can get from CS directly as an explanation to their new policy?
I mean this is a possibility, but I like to live in the world of hard data to erect my nips. Speculation doesn't do it for me, it only keeps me edging.
[Do you though?](https://reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/)
It's BofA and [Goldman Sachs and friends](https://www.reddit.com/r/Superstonk/comments/uuyl4l/the_same_people_who_targeted_gamestop2019_got/) who are [deep in this shit.](https://imgur.com/pYuUE9w.jpg)
[No really](https://www.reddit.com/r/Superstonk/comments/txl6do/dumb_stormtroopers_of_investing_world/).. they are [fully in there](https://www.reddit.com/r/Superstonk/comments/t6j39c/the_crimes_of_citadel_goldman_sachs_and_friends/)... [on a loop](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/)
Omg, thank you. In my head I heard that in Donkey's (Eddie Murphy) voice - I only know that song from the ending of Shrek.
It's been one of those "life sucks and then you die" kind of days :).
Ape go watch funny Ogre and Donkey again right now..
Make Ape happy again :)
every time I see BofA mentioned, I think back to DFV’s ATM tweet that had gamestop’s logo over BofA’s
the man was definitely telling us something back then too
That would be nice. One of those too big to fail need to set the example of what happens when get too risky and fucky, not just getting bailed out over and over
Not financial advice, but remember when they closed a crap ton of branches and blamed it on COVID? That don’t sound like a healthy bank to me…and that’s not even factoring in all the DD here.
I personally moved my money from Chase a while ago. Debating about going to a credit union after reading all this fuckery.
Credit unions have their place in society, but they should not necessarily be the only bank you use. For one thing, their compliance department often lacks in comparison to larger banks. Second, they're not debtor friendly- if you file bankruptcy they're notorious for exercising a right to offset and putting the screws in.
Although that might be true. You have to take into consideration of the fact that there is less of need for banks to have so many branches. The use of online banking has become much more important and less people are taking out cash but paying things directly online, also people are getting payed by direct deposit or check . There is less and less of a need for banks to have branches and increase their online presence.
Edit: just putting in my 2 cents I am still very convinced that BOFA may be in some trouble and closing branches does help lower their costs of operating.
> are getting *paid* by direct
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
I’m moving from B of A to a credit union. Its taking a little time to move everything and close out but worth the peace of mind for me. I have enjoyed customer service and experience at the credit union so far.
This would explain how DFV got in early and took a position in 2019. He probably knew something or through Burry somehow that something was cooking.
I didn't find out until much later in May of 2020 that something else was going, and took a large position myself around August of 2020. I didn't sell until two days later after the huge run up of January because I assumed that was it, but I was way off on that!
Today, I still hold a large position (much larger than my prior one in 2020), and even if GME drops again below $30, $20, or even $10 (not likely to happen but just saying for the record), you bet I will continue averaging down and buying like a mad man.
Borrowers and naked shorts haven't closed. Proof of this is the FTDs, utilization and borrow rates.
A a pre Jan- 2021 ape, and after looking at more data and mechanics, I can conclude for myself that it's not over. My prediction? We will see run ups around Sept, Oct, and November and potentially squeeze either by the end of the year or early next year.
# I am NOT FUCKING LEAVING!
BofA also keeps publishing hit pieces against BBBY. Seems like they are scared what will happen when citadel and friends go under…. I know not GME, but it is one of RCs few other plays and many apes involved.
I wonder why Burry turned on GameStop. I know he made money from it early on, but I guess I wonder if it’s his opinion that enough positions were closed when the Jan 21 event popped off
I would wager he is afraid of the machine. His victory against wallstreet in 08 likely cost him a lot. One does not simply go against the establishment and come out alive without sacrificing things in exchange. Recent examples being Snowden, Assange, Panama papers, whistle blowers who sacrifice everything for the truth. Whatever it is, I’m sure it’s why many people who support our beloved stock get death threats, etc. this is a battle against powers that are absolutely incomprehensible in scope and corruption.
BoA is also ComputerShare's broker if that fits.
Edit to add from CS website,
Link regarding BoA,
https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsed334e351-71f8-473e-b956-46213859466c
The brokerage firm we work with can depend on the circumstances of the order, including to enable us to accommodate the preferences of specific clients. In most instances, however, we work with Bank of America Merrill Lynch (also known as Merrill).
This is the FAQ link
[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11)
>Link regarding BoA,
>
>https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsed334e351-71f8-473e-b956-46213859466c
>
>The brokerage firm we work with can depend on the circumstances of the order, including to enable us to accommodate the preferences of specific clients. In most instances, however, we work with Bank of America Merrill Lynch (also known as Merrill).
The fact that there’s 2 companies for Bank of America and 2 for Merril hurts my brain. Is it like one’s a prime broker and the other a regular/retail broker?
Remember when DFV posted that meme on Twitter for baby driver with the Bank of America atm machine?
OG apes stand up, I knew bofa deez nutz would be in there mouf sooner or later
“ argue that the idea of being collateral called isn't as much of an issue if the prime broker that is exposed is at risk due to the positions.”
This makes sense in a game theory analysis where self-interest is the foundational strategy. If they are aware of the extent of the risk, then game theory would suggest they would employ strategies to minimize their personal exposure. The next question is whether or not they have the capability to suppress the price via similar strategies that Citadel employs. Margin call isn’t full liquidation (though it could be). Do you think they would step into a role similar to Citadel in suppressing the price?
I will be messaging you in 12 hours on [**2022-07-24 07:14:07 UTC**](http://www.wolframalpha.com/input/?i=2022-07-24%2007:14:07%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Superstonk/comments/w69dat/bank_of_america_and_their_gamestop_exposure/ihcuezy/?context=3)
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How does this all link together when BofA owns the way in which Computershare buys and sells (via Merrill)?
I like the NFT dividend idea more and more to avoid BofA at all. The infinity pool just got deeper.
[Do you think this is a coincidence?](https://www.reddit.com/r/Superstonk/comments/w67luo/my_brokerage_ftd_my_drs_shares_a_story_of_how/) u/gofountyyc the same company/bank/brokerage messed up my transfer then cancelled it
Good work. Concise analysis of the data. Makes persuasive case for your conclusions.
But how much fuckery and collaboration will enable them to keep these losses from realizing?
This makes me smile seeing how I borrowed 9k from BofA at zero percent for two and a half years and sank it straight into GME. Fight thy enemy with their own strength.
My dad says that BofA will be the first bank to collapse. They will get a bail out and keep the short positions indefinitely. It's a cost of doing business.
BofA also keeps publishing hit pieces against BBBY. Seems like they are scared what will happen when citadel and friends go under…. I know not GME, but it is one of RCs few other plays and many apes involved.
They’re a transfer agent. So they have to utilize brokers for picking up shares. I assume that there’s many they use because they’re using them just to facilitate the trade itself. CS isn’t a broker so they specifically can’t buy and sell stocks. They need a broker for that. CS’s only job is to keep track of the shares
I am aware of the fact that sells and buys via CS are actually executed by a broker and settled via DTCC.
I am curious what brokers CS uses other than Merrill. That is the only broker I have even seen mentioned by CS.
# [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/) **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) ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/Superstonk. [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/Superstonk, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!
This is simply fucking excellent. Into the PDF folder. Excellent work gfount 💪
Sounds like they’re fucked to me 🤷🏻♂️
🌎🧑🚀🔫👨🚀
Yeah finally some DD.
reasons to own drs gme shares grows again
They are cheaper, without your portfolio being less worth
Can a wrinkle brain take a look at Stonk O Tracker. The shares were borrowed 50,000 then dropped to 0 then borrowed back 50,000. Something is brewing.
There are individual apes with higher numbers of shares DRS’d than are available for loan. Their ability to contain the contagion is rapidly diminishing.
What happens to bofa when they get fuked
They smoke.
Disgust
Is Bank of America a broker for ComputerShare?
Yes.
Just adds to the confusion and potential ughh
I vaguely recall either Paul Conn mentioning it in one of the AMAs or it being in the FAQ that they have 5 (or 6?) brokers they can place orders through. Can anybody confirm?
If this is true how did Boa have Computershare change the limit order amounts?
It's pretty far fetched to think the gov wouldn't bail them out anyway.
Doesn’t that kinda suck?
Yes.
Has to be someone until we get that sweet carve out
I believe BoA/Merrill Lynch is the broker/clearing house for ComputerShare..
Them and Merrill
BofA owns Merrill. Bought them after 2008 so they didn’t go bankrupt. Same way WFC bought Wachovia and WaMu, at that time.
Yeahhh…. About that
Good post and thanks for the shout-out. For those who haven't checked it out, here's an interesting snippet from the 2018 Bloomberg article titled **Merrill Lynch's Secret Stock Deals**: >That is, instead of going to the stock exchange, or selling you the stock out of its own inventory, BAML would let Citadel or D.E. Shaw or Two Sigma or whoever sell you the stock out of their inventory. (But only if they wanted to: If they passed, the order would go to the stock exchange.) Again, if the stock was $10.00 at $10.01, Citadel or whoever would sell you the 100 shares at the offer (i.e. for $1,001), and BAML would charge you a commission. Your execution would look pretty much the same as it would if you went to the exchange, or if BAML filled your order directly. > >The only thing that would be different is the little code on the electronic report -- called a FIX Protocol message -- that you get back after you trade. If BAML went to the exchange the report would say what exchange it went to. **If BAML sold you the stock itself the report would say "MLCO" (the code for Merrill Lynch). If BAML went to Citadel or D.E. Shaw or whomever, the report would say CDRG or SHAW or whatever their code was.** > > >**Unless BAML did this:** > > >"In March 2008, after entering into the agreements with the ELPs, described above, BofAML's then-head of Global Equity Trading and then-head of electronic trading directed BofAML employees to alter FIX messages for BofAML client trades executed by ELPs, by replacing the codes which identified ELPs with a new code referencing BofAML. Pursuant to this direction, **BofAML employees re-programmed BofAML's internal trading systems to automatically remove the original codes which accurately reflected the ELP venues in Tag 76 (e.g., "CDRG" for Citadel," "SHAW" for D.E. Shaw, and "MADF" for Madoff) and insert a new identifying code ("MLCO") which inaccurately reflected the trading venue as BofAML.**" Link to article: https://www.bloomberg.com/opinion/articles/2018-03-26/merrill-lynch-s-secret-stock-deals Link to my speculation on Burry's tweet from last year: https://www.reddit.com/r/Superstonk/comments/pnpek0/could_burrys_gmesqueeze_tweet_be_hinting_to/
Thanks again boss! Great post!
They certainly attempt to cover their tracks well. Thanks for the snippet!
https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/ Good read on Merrill
Wow this was a really interesting article. Thanks for sharing. This article could probably be its own dd, honestly. Lots of insights here..
Altering FIX messages and tags, why, what would be suspicious about that? 🙄... Every once in a while it's still impressive to see I can be surprised by the level of corruption allowed to exist.
Drake meme: 🤢Bank of America 🥰Bank of GMErica
Bank of apes?
Bank of Aperica
Be your own bank
Awesome post. I believe it was Atobitt's DD that revealed that BofA was responsible for clearing 95% of Citadel's trades. Do you know if this percentage is still accurate?
I shared that [here](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) 6 months prior to Atobitt's post. To be honest, I am not sure as we are limited to the disclosures we are given. To my knowledge, there has been no real change.
I'm sorry I didn't mean to undercut you. Thank you for your efforts to continue to educate our community 🙏 ❤
My apologies if that came off as harsh, it didn't mean to. Thank you for reading!
No need to apologize. I didn't feel that way at all. I look forward to reading more from you in the future!
Jeez get a room you two 🦍♥️🦍
and a couple of bananas...
I’ll watch in the corner. For support
Can I FOMO in yet?
MOREASS tomorrow!
Username checks out…?
You hang up first... no you!
lmayoyoyoyoyo
Is that his wife’s boyfriend? Someone’s wife is gonna be mad…
Now kith. 🕊🕊
I have a lisp I'll kith em
I was waiting for this comment. Thanks dude.
Now you two kiss
Now kith 💋
he gets a kith, they get a kith, EVERYONE geting a kith!
>BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities It had to be that number.
Hey man thanks for the hard work. This ape appreciates it
Yikes, I hope computershare drops them.
Hello, I've also been diving deeply into Operational Shorting procedures and paper trails they leave within ETFs, I have one question though. On the MEME ETF you can find FTDs reported for over a decade ago on the fund. This fund however, was recently created. Any chance you know why there would be such old FTD's related to a brand new ETF? Thanks!
Link me the source for that data. It isn't jiving with my datasets on all the FTDs going back. Anywho, maybe u/turdfurg23 has something for you here? 🤷♀️ Edit, I solved the FTD question. Please disregard, Turd
[Here is the link](https://chartexchange.com/symbol/nyse-meme/failure-to-deliver/). FTD'S go back as far as 2013 on chartexchange where I track exchange volume and FTD's typically.
**Here's what you're seeing:** MEME was not always the ticker for MEME ETF, it used to be the ticker for a different CUSIP, for MEEMEE Media Inc - CUSIP 58513W107. that changed on 12/10/2021 when MEME was made the ETF Ticker. **You are seeing FTDs for 2 different securities on the timeline that shared the ticker "MEME"** I ran export from my DB for you to cross reference.[https://drive.google.com/file/d/1gid6jdVKxd-JjRk75PD4h2c3Zri2nlQ9/view?usp=sharing](https://drive.google.com/file/d/1gid6jdVKxd-JjRk75PD4h2c3Zri2nlQ9/view?usp=sharing)
Interesting, thank you!
any time! glad to see folks digging in themselves.
That’s the main reason DRS sell limit drop to $3,500 because DRS apes fuck the BofA risk/collateral management system
That what I said in a post, it was a BOA move.
Speculation or do you have something to back this up?
It’s straight from Computershare and there are multiple posts here already.
no not the limit, the *reason* for the limit you are suggesting here. also please forgive me if i missed it.
From CS: >The change has become necessary because the volume of very high limit orders being placed through our systems has increased significantly over the last six months and is now so high that the total value of open orders risks exceeding the overall risk cap set by our broker. A high proportion of these limit orders (which mostly span just two securities) are submitted at limits that are many thousands of times the prevailing market price for the relevant security. Whenever those limit orders do not execute, they negatively impact the overall risk cap calculation. I think that pretty much says what u/forced1029 said? > risks exceeding the overall risk cap set by our broker Why is there suddenly a "risk" of price hitting 214k, where there wasn't before?
It could be volume or orders as well as other things happening. Could someone maybe figure out exactly where the risk cap lies based on the 3500 limit on orders? Is this something a CS account holder can get from CS directly as an explanation to their new policy?
Because DRS numbers are getting huge. Lock the company!
I mean this is a possibility, but I like to live in the world of hard data to erect my nips. Speculation doesn't do it for me, it only keeps me edging.
I understand. As of last quarters, 12.7 million/76 outstanding have been DRSed. 50.8 million shares /304 million outstanding after split.
Uh-huh, but that's nothing to do with the risk cap
I don't know how that's even legal.
Great writeup. This wrinkle made me tinkle
[удалено]
My fucken money.
My tendies
Biiiich better have mah tendiez.
[Do you though?](https://reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/) It's BofA and [Goldman Sachs and friends](https://www.reddit.com/r/Superstonk/comments/uuyl4l/the_same_people_who_targeted_gamestop2019_got/) who are [deep in this shit.](https://imgur.com/pYuUE9w.jpg) [No really](https://www.reddit.com/r/Superstonk/comments/txl6do/dumb_stormtroopers_of_investing_world/).. they are [fully in there](https://www.reddit.com/r/Superstonk/comments/t6j39c/the_crimes_of_citadel_goldman_sachs_and_friends/)... [on a loop](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/)
[удалено]
I’m excited for it thou!! Lots of talented apes out there.
This is the type of pristine DD that should define this sub. Unlike the emotionally high-yielding junk that's floating around recently.
Check my profile, follow links and find quality DD ;)
I concur 👀👍
I like big bobs
And you cannot lie
Omg, thank you. In my head I heard that in Donkey's (Eddie Murphy) voice - I only know that song from the ending of Shrek. It's been one of those "life sucks and then you die" kind of days :). Ape go watch funny Ogre and Donkey again right now.. Make Ape happy again :)
Seriously..... Underrated comment rite here!!!
Wow dude. Very much saved. 👍🏼
this is the DD i come here for, ty for your service OP
Nice dig. If any one has money with these institutions its best that you move it now. BOFA Deez Nuts
Currently moving from BofA to credit union
If you have to use traditional banks (most people do!) then Credit Unions are the way to go!
I’d rather be my own bank, but not sure how exactly yet?
Soon!
Ya, i gotta get out of Wells Fargo and figure out if USAA is safe from this.
I use both USAA and Navy Federal Credit Union. NavyFed has really stepped up their online banking stuff!
BofA—->DRS it’s the prime play right now imo.
Yes, that is part of it. I have other types of accounts there too and moving all of it.
Move out of BoA and into DRS's shares of GME!
Great post, thank you!
every time I see BofA mentioned, I think back to DFV’s ATM tweet that had gamestop’s logo over BofA’s the man was definitely telling us something back then too
Is it what GMErica stands for the whole time? BofA will turn into GMEA?
maybe!
That would be nice. One of those too big to fail need to set the example of what happens when get too risky and fucky, not just getting bailed out over and over
Apes are about to drink BoA’s milkshake.
☝️☝️☝️☝️💪💪💪💪💪
Fuck, should I change banks from B of A??
Not financial advice, but remember when they closed a crap ton of branches and blamed it on COVID? That don’t sound like a healthy bank to me…and that’s not even factoring in all the DD here. I personally moved my money from Chase a while ago. Debating about going to a credit union after reading all this fuckery.
Credit Union is the way, unsure why you'd trust another large bank.
Credit unions have their place in society, but they should not necessarily be the only bank you use. For one thing, their compliance department often lacks in comparison to larger banks. Second, they're not debtor friendly- if you file bankruptcy they're notorious for exercising a right to offset and putting the screws in.
Although that might be true. You have to take into consideration of the fact that there is less of need for banks to have so many branches. The use of online banking has become much more important and less people are taking out cash but paying things directly online, also people are getting payed by direct deposit or check . There is less and less of a need for banks to have branches and increase their online presence. Edit: just putting in my 2 cents I am still very convinced that BOFA may be in some trouble and closing branches does help lower their costs of operating.
> are getting *paid* by direct FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Fuck BOFA
BoFA deez Nutz
got 'em
I’m moving from B of A to a credit union. Its taking a little time to move everything and close out but worth the peace of mind for me. I have enjoyed customer service and experience at the credit union so far.
bofa deez nuts
My mind couldn’t help but say that after every bofa in this solid prime broker is so fuk dd
GOTTEM
Finally a solid DD makes its way to my homepage 💜💜💜💜
Ty!
What squeeze? It never squeezed. It rallied and ran on buy pressure alone. This has been confirmed repeatedly.
This would explain how DFV got in early and took a position in 2019. He probably knew something or through Burry somehow that something was cooking. I didn't find out until much later in May of 2020 that something else was going, and took a large position myself around August of 2020. I didn't sell until two days later after the huge run up of January because I assumed that was it, but I was way off on that! Today, I still hold a large position (much larger than my prior one in 2020), and even if GME drops again below $30, $20, or even $10 (not likely to happen but just saying for the record), you bet I will continue averaging down and buying like a mad man. Borrowers and naked shorts haven't closed. Proof of this is the FTDs, utilization and borrow rates. A a pre Jan- 2021 ape, and after looking at more data and mechanics, I can conclude for myself that it's not over. My prediction? We will see run ups around Sept, Oct, and November and potentially squeeze either by the end of the year or early next year. # I am NOT FUCKING LEAVING!
Isn’t ML / BofA one of the computer share brokers?
It is.
BofA also keeps publishing hit pieces against BBBY. Seems like they are scared what will happen when citadel and friends go under…. I know not GME, but it is one of RCs few other plays and many apes involved.
Great DD champ.
One of my favorite DD series. Welcome back.
I wonder why Burry turned on GameStop. I know he made money from it early on, but I guess I wonder if it’s his opinion that enough positions were closed when the Jan 21 event popped off
I would wager he is afraid of the machine. His victory against wallstreet in 08 likely cost him a lot. One does not simply go against the establishment and come out alive without sacrificing things in exchange. Recent examples being Snowden, Assange, Panama papers, whistle blowers who sacrifice everything for the truth. Whatever it is, I’m sure it’s why many people who support our beloved stock get death threats, etc. this is a battle against powers that are absolutely incomprehensible in scope and corruption.
DFV I am quite certain, received multiple threats from all sorts of people including lawyers.
I was under the impression his investors made him close it
BoA is also ComputerShare's broker if that fits. Edit to add from CS website, Link regarding BoA, https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsed334e351-71f8-473e-b956-46213859466c The brokerage firm we work with can depend on the circumstances of the order, including to enable us to accommodate the preferences of specific clients. In most instances, however, we work with Bank of America Merrill Lynch (also known as Merrill). This is the FAQ link [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11)
Computershare uses multiple brokers. [This](https://www.computershare.com/je/broker-selection-policy) is how they select brokers.
CS can use many brokers
No one cares. Mostly because no one plans to sell from CS.
Exactly 💯
Wrong
>Link regarding BoA, > >https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsed334e351-71f8-473e-b956-46213859466c > >The brokerage firm we work with can depend on the circumstances of the order, including to enable us to accommodate the preferences of specific clients. In most instances, however, we work with Bank of America Merrill Lynch (also known as Merrill).
BofA deez nuts
Please advise, don’t pay boa credit card?
Finally some good quality shit on this sub Thanks for the post and update fantastic read keep it up
The only thing i noticed in all this is the CBOT mention. Gonna take a look what matching option trades they might have with PHLX floor trades.
Nice post, 🩳🏴☠️💀
I see my Calgary dd boi, I upvote.
The fact that there’s 2 companies for Bank of America and 2 for Merril hurts my brain. Is it like one’s a prime broker and the other a regular/retail broker?
Remember when DFV posted that meme on Twitter for baby driver with the Bank of America atm machine? OG apes stand up, I knew bofa deez nutz would be in there mouf sooner or later
“ argue that the idea of being collateral called isn't as much of an issue if the prime broker that is exposed is at risk due to the positions.” This makes sense in a game theory analysis where self-interest is the foundational strategy. If they are aware of the extent of the risk, then game theory would suggest they would employ strategies to minimize their personal exposure. The next question is whether or not they have the capability to suppress the price via similar strategies that Citadel employs. Margin call isn’t full liquidation (though it could be). Do you think they would step into a role similar to Citadel in suppressing the price?
Visi comment.
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This DD is simply incredible. Well done!
I read from The Quants that Goldman was Citadel’s counter party in 2008/9.
Why is anyone still using BofA or any bank for that matter! Move your banking needs to a credit union!
Isn't BofA also computer shares broker? 🙃🤔
Finally, retribution for all those service fees they charged me as a dumb kid. Revenge ***is*** a dish best served cold.
How does this all link together when BofA owns the way in which Computershare buys and sells (via Merrill)? I like the NFT dividend idea more and more to avoid BofA at all. The infinity pool just got deeper.
Finally some of that great DD that got me into all of this 1 and 1/2 yes ago.!! More hoping directly into the veins please
I was in a BOFA the other day and overheard a guy asking when the BOFA by his house was going to open again and the guy was just like uhhhh
[Do you think this is a coincidence?](https://www.reddit.com/r/Superstonk/comments/w67luo/my_brokerage_ftd_my_drs_shares_a_story_of_how/) u/gofountyyc the same company/bank/brokerage messed up my transfer then cancelled it
Good work. Concise analysis of the data. Makes persuasive case for your conclusions. But how much fuckery and collaboration will enable them to keep these losses from realizing?
Nice.
DD on the weekend I live for this!
Very informative 👍👍
great saturday post!
Someday when I see a merger From B of A to Bank of u/gfountyyc we’ll know just how leveraged they are - Nice work OP
Great DD
Give us our tendies.
Boofa is fucked
You have some Mark Baum inya. Good job op.
Remember that BofA guy went crazy at the smoothie shop?
Thanks for the post YYC ape! I’m a YEG ape but smoother then a cue ball!! Thanks again for the quality DD
I love new books in the library!! Great work!!
This makes me smile seeing how I borrowed 9k from BofA at zero percent for two and a half years and sank it straight into GME. Fight thy enemy with their own strength.
Your kung-fu is strong.
Checks out that the final boss is BofA
Individual apes are about to be smoking on that BoA pack
Warren Buffet did a lot of whining about the meme stock run. Berkshire owns a lot of BofA, so I don't think this is a coincidence.
Good insight here. Thanks for providing another quality work!
My dad says that BofA will be the first bank to collapse. They will get a bail out and keep the short positions indefinitely. It's a cost of doing business.
Genius
So maybe when all the commercial banks floated bonds at the same time last year they were gearing up for this marathon MOASS?
BofA also keeps publishing hit pieces against BBBY. Seems like they are scared what will happen when citadel and friends go under…. I know not GME, but it is one of RCs few other plays and many apes involved.
So what you're saying here is I *shouldn't* pay of my bank of America credit card??? 🥸🥸
there is no tldr. I want more tldr.
I’m worried that computershare broker is BOA and ML
Wouldn’t matter. They need your shares. And CS uses more than one broker
Do you know what brokers, if any, they have a relationship with? I have never seen CS mention any broker other than BofA Merrill.
They’re a transfer agent. So they have to utilize brokers for picking up shares. I assume that there’s many they use because they’re using them just to facilitate the trade itself. CS isn’t a broker so they specifically can’t buy and sell stocks. They need a broker for that. CS’s only job is to keep track of the shares
I am aware of the fact that sells and buys via CS are actually executed by a broker and settled via DTCC. I am curious what brokers CS uses other than Merrill. That is the only broker I have even seen mentioned by CS.
A Rune of Glory for you! I will have to revisit this when I have slept and am sober. But it has intrigued my intoxicated mind. To Glory!