Posts about GameStop
Plan shares are held with DTCC, fact confirmed by Computershare! Gamestop is telling us how many total shares are with them. Convert Plan to Book and we'll see much higher DRS numbers next quarter!
While they may not be available for lending, they most likely can be used as locates, since they're within DTC.
I think that before, Gamestop reported all the DRS shares (book + plan). By reporting it in the new format, Gamestop is telling us how many total shares exist at DTC (which by definition below, include plan shares); It's likely that we own those 8 mil shares in Plan. We need to book all our shares guys! If you set up recurring purchases, you might need to periodically convert your plan purchases to book; or just buy manually, every two weeks instead, so new shares are directly book
Computershare holds a portion of the aggregate DSPP book-entry shares via its broker in DTC for operational efficiency, i.e. to enable any sales to be settled efficiently (and Computershare determines the portion needed for operational efficiency reasons. Such shares are not available for lending. These shares are eligible to be withdrawn from DTC*).*
An investor can, at any time, withdra all or part of their shares in DSPP book-entry form and have them added to their DRS holding. The investor is able to transfer whole shares from DSPP book-entry to DRS at any time, e.g. after any DSPP purchase settles. Any remaining fractional shares will be handles as set forth in the DSPP terms and conditions.
Are shares held in a direct stock purchase plan (DSPP) not included in the tally of directly registered shares?
*Computershare provides its issuer clients with separate tallies for DRS and DSPP shareholdings (*aka CS provide Gamestop two numbers: number of DRS and number of Plan shares)
It is up to individual companies what information on shareholdings they disclose to its investors or the general public and in what format (within the confines of relevant legislation and regulation) - (likely that Gamestop reported the aggregate number book + plan in the past, which double counted the plan shares, because apes thought all those shares reported are taken out from DTC. Now, Gamestop is simply reporting how many DTC has, and the leftover are shares purely held with Computershare. The reason we're seeing much lower number than expected could be due to plan shares not counted)
Source: https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#dspp
This is very straightforward: Gamestop is communicating with us the total number of shares held in DTCC (which includes DSPP aka Plan shares). They can't dumb it down more than that. Apes, think, and connect the dots! There's been plenty of debate on this, but this time we're hearing it straight from them:
Source: 10kHow to convert Plan to Book:
https://www.drsgme.org/converting-plan-to-book
Search for "plan" on superstonk for more guides if you need. I'm not affiliated with any of the above links.
Is there any downside for apes by converting to book? No.
Is there any downside to SHF if we take all the shares we can out of DTC? Yes, we take away some of their ammo.
Tinfoil:
A while ago, we found out Computershare's broker is called Dingo Co. Remember the "are dingleberries fruits?" tweet? RC and Gamestop's been telling us all the time, Book all your shares!
https://www.reddit.com/r/Superstonk/comments/zr647s/computershare_nominee_dingo_co/
https://www.reddit.com/r/Superstonk/comments/w05rej/ryan_cohen_on_twitter_are_dingleberries_fruit/
Ryan Cohen is the BOOK King
https://www.reddit.com/r/Superstonk/comments/zv6zwz/ryan_cohen_is_the_book_king/