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What run? A run for Ants? I've been here for 3 years and down nearly 70% on a 30k investment. I've been here for Runic glory, mrboosts signguy daily posts, starfishguy, monkeysinthesky drone cam, burning buildings, the fight for $180, the pomeranian guy, Elliot waves theory, flying ad banners, have been called crazy from all my friends, doubted by family, Evergrande, all of Papa Cohens shit posts, Kenny's Mayo and bedposts, DFV double down, countless hours lurking here, donating to save one guerilla at a time, the list goes on.
I am remaining zen, it hasn't even hit triple digits yet and people are talking about a run? Fuck these hedgefucks, I'm not leaving until I see phone numbers, Ape out.
I’m not saying it is or isn’t just curious on what the community thinks.
No, seriously, how in the ever living fuck is that possible without naked shorting, and fake shares? Someone explain it to me like I’m 5 please.
Under conservative estimates, the free float is 85 million shares. Every other share has been accounted for either by institutions, insiders, funds, or DRS.
You expect me to believe that 80% of the entire free-float traded today, and in the last 48 hours, 120% of the free-float was traded?
I understand that there are day traders, high frequency traders, and the such, but anyone playing GME should know damn well about the whole ecosystem around it by now. For every trade, there is a buyer, and a seller, but we KNOW that retail trades CANT POSITIVELY IMPACT THE PRICE THROUGH BROKERS, so we also know that THIS IS NOT RETAIL, it’s institutional.
Nothing about the last 48 hours makes any kind of logical sense in a free, and fair market, especially when considering the GME market conditions right now.
The price is fake, the shares are fake, the news is fake, and today should damn well prove it for any new apes joining in now. It may be the first time many have seen this, but seasoned GME holders have seen this happen many dozens of times at much larger scale.
I’ve bought more today. Buying more tomorrow. Never selling. Fuck you Ken, Vlad, Plotkin, Stevie, and those who have avoided the spotlight. Apes control the exit, even if they control the room.
See each and every one of you mother fuckers on the moon.
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 💎🤲💎🤲💎🤲💎🤲💎🤲💎🤲💎🤲💎🤲
So, I didn't quite do a $100k purchase. I stopped at 4200 shares, well, because it's a cool number 😁. About $55k total spent.
We are up 7% on the day so clearly I have started MOASS so buckle up, brochachos.
I'm sure I'll buy some more very soon.
Dear haters: no it's not my life savings. I love what RC did with Chewy so I believe GameStop will do similar.
Dear supporters- high fives all around.
Does anyone actually have an answer for this? They're sitting at no debt, 1.2B cash on hand and have had great earnings recently. Is this just another dip before rip situation with the next earnings report coming soon or is there something I haven't read yet? I'm never selling so I really don't care but I just don't understand why it would be going down right now based on recent performance that the company has had. If there's any explanation as to what you guys think is the cause for the downward price action I'd love to hear it!
So, I close on my house tomorrow. I can use $100k as investment. That would be about 6,800 shares. I keep thinking that I want to either just post the pics of the purchase on Reddit or do a live video on YouTube (which I've never done before).
Long time lurker holder- just wanting to do something to shake things up and, at the very least, encourage GME longs that there are MANY of us that are buying and supporting this amazing company and CEO.
Thoughts??
What an amazing time to be alive.
Reported in the Bloomberg article. They tried their usual tricks with the positive spin headline, but the article quickly mentions the dire situation.
"Following the loan transaction, the company’s total cash on the balance sheet will stand at roughly $3.9 billion, with total debt at around $3.9 billion.
Citadel Securities launched a $400 million loan on Monday with proceeds to be used for general corporate purposes including trading capital, Bloomberg reported. The new debt, which holds the lowest rung of investment-grade ratings, will be added to the company’s existing $3.54 billion term loan. Bank of America Corp. is leading the transaction and institutional investors must decide if they will participate by Wednesday."
Ever since Jan 2021 Kenny has been taking on more and more debt, all rated junk. He borrowed $600M twice before, now another $400M. He managed to luckily sell 10% of his Citadel Securities bags to Sequoia Capital and Paradigm. He also tried to sell the whole company as a 'high risk high reward' investment.
https://old.reddit.com/r/Superstonk/comments/uh3vdi/susanne_trimbath_phd_on_twitter_i_hear_citadel/
I knew something like this would happen when his PopCorn collateral started dumping and diverging from GME.
Keep kicking that can.
BUY HOLD DRS. Profit in Q4 coming. Not financial advice.
Anyone know if it’s possible to use crypto to buy GME shares without creating a taxable event?
The most recent 10Q verified that we are still at 25% DRS. I think this is fucking bullshit.
We been stuck here for a long ass time. Makes you wonder if Congress or someone else stepped in and said "Hey Gamestop, stop reporting the numbers". Which would also confirm the idea that since they changed the description of how its being reported, it means they are lying. But I don't think GameStop is lying, I think they are being forced to. This shit doesn't make sense.
EDIT: Just looked back at the previous 2 10-Qs. We have been stuck here for over 6 months. What in the fuck is going on?
I was sitting on my porcelain throne, (where we all do our best thinking), and had this idea hit me.
How many times have you been in a situation where:
Your controller quits working because you accidentally dropped it from desktop height onto your hardwood floor, or all of a sudden has horrible stick drift.
You need digital currency for Fortnite/Roblox/PSN/Xbox but you want to support your favorite company and you know a digital card purchase may take a couple hours to be delivered to your email.
Your batteries died in your remote, controller, or vibrator and you only want to use GameStop brand batteries. "Power to the Players" 😉
You need a long extension usbc cable so you can game tonight and sit further away than 3 feet from your console because you forgot to charge your headset or controller.
Your hdmi cable decides it doesn't want to work anymore.
You need a new GameStop SD card for your Switch.
But it's 10pm and GameStop is closed. ?
What if we had "LateStop"? A vending machine built into the wall of the store. All stock is safe inside the store. Machine can be restocked from inside. It contains all the necessities to solve these issues when the store is closed.
LCD touchscreen to display and select product. It could even be compatible with major crypto wallets allowing you to transact with crypto.
I personally think this would be really cool/innovative.
What are your thoughts? How realistic could this be? Pros and Cons?
A representative told me not only do I have to wait a week but an additional three days after the money clears because of “volatility” She told me I could buy apple or any other stock and not have to wait for funds to clear. So I’m moving to another brokerage and you should too.
How's everyone feeling?
For the company? I feel pretty damn good. RC has battened down the hatches and is cutting unnecessary expenses in order to drive the company towards profitability. Although that means a reduction on the Europe side of the business, it's clear that bleeding money is far worse than unprofitable expansion. The firing of Furlong and RC Thanos-ing "Fine, I'll do it myself" his way into CEO has become clear that he was unhappy with the lack of progress in profitability and I believe that most of us expect Q3 and Q4 to be profitable and lead to the company making a significant annual profit for the first time in years.
For the stock? I'm quite a bit more concerned. It's clear at this point that the Split absolutely fucked us and the Market Makers/DTCC used it and tokenization to naked short and algo-walk us to the lowest levels since Feb. 2021. It's clear to me that the only way we'll actually regain control is if RC drives us to profitability while the shorts get us down to single digits and this community DRS's another 10-20% while the company repurchases stock when necessary to squeeze the remaining float to zero.
For the community? It feels like were in a state of anxious but confident hibernation zen. I feel like all of us know what must be done and we're buying when we can and knowing that any moves RC and the board take to protect the stock must happen if and when the stock hits less than $5 per share. And that Bloomberg clip of the anchor joking that Citadel might blow up jacked my tits just the littlest bit lol.
That's just my take on this Friday of another algo-walked week. Go GME!
EDIT: I've spoken with u/Blanderson_Snooper and we've had a good conversation. I believe their post about me was authentic, though flawed, and they've edited it significantly to remove the inaccuracies, which I appreciate. I still believe that there is some group working on various "hit" pieces, and which is clearly trolling my comments and automatically downvoting them. But I respect Blanderson for being intellectually honest when I cleared up various misconceptions and misunderstandings, and I'd much rather just move on from all of this and continue to focus on market structure reforms. I've unblocked them and will continue to engage constructively to answer any questions.
Hi - over the past few months there has been an organized smear campaign being run against me. While there have always been people questioning my motives (despite a decade of actions to the contrary), since forming We The Investors, this movement has become more organized. I noticed a significant uptick following my meeting with the SEC Chair. I'm happy to answer any questions from this sub - I'm as transparent as I possibly can be. I haven't responded to the ridiculous and absurd allegations though because I do not believe that this smear campaign cares about the truth - it has one goal, and that goal is make you question my motives and actions. I invite you to judge everything for yourself - my track record is perfectly clear and consistent.
This is flowing through a user I had blocked a couple of months ago for their repeated trolling of me, and accusations that had no basis in truth. The so-called "DD into Urvin LLC"? which is nothing but a stream of random google search results strung together to paint a narrative. This is confirmation bias at its best - look for a series of dots, and connect them in such a way to strengthen whatever argument it was that you wanted to make. For example - there are not 2 CEOs of Urvin. There are actually 3 Urvin entities, and Urvin LLC has absolutely nothing to do with Urvin Finance Inc.! This is the kind of thing that is very easy to clear up when someone is interested in the truth, but ignored or dismissed when they have a different motive. I've never scrubbed my social media, and never disguised or hidden the truth of the entities I'm involved with. It's all been on LinkedIn this entire time!
The very idea that I would be in any way associated with Citadel at any time since I left in 2009 is so absurd that I don't even know how to respond. It's been a constant accusation against me, including in the halls of Congress in 2012, and on this sub repeatedly since I began engaging. If I were motivated by money, I can assure you I would have never left HFT, let alone chosen the path that I did. But all of these claims are from people who have clearly no idea what they're talking about, and clearly have never even read a privacy policy before. They call me out for things that are in both GME's and Computershare's privacy policies (in fact ours is much stronger than theirs), and are standard in any privacy policy you can find on the internet. They said that a relationship with S3 or Apex is not in question - but there are absolutely no relationships whatsoever with either of those companies. They are mis-reading, misunderstanding, or most likely purposefully misrepresenting innocuous connections or statements. There are so many instances of this in the so-called DD, that it's impossible to address them all. Nearly everything in that post is factually incorrect.
Once again, it is not surprising that this smear campaign has accelerated since our meetings with the SEC. I am happy to answer any question in this thread in terms of my business practices - I'm an open book, and there is absolutely no data or benefit flowing to any other company, and especially not to Citadel, S3, Apex or anyone else. But I'm only interested in engaging in good faith - not with those who are simply out to smear me - because there is no amount of truth or fact that will change their minds. If there was, they would have answered their questions with some simple google searches and been on their way. There's nothing hidden or insidious happening here at all.
I know there are many types of halts, but I thought in general it was because the stock moves a certain % in a certain amount of time. Why would that kill all momentum?
EDIT: May 11, 2023
If you are reading this then you saw that Mods redirected you to this for one reason: to direct you towards outdated material.
If you want the latest, check my post history.
GMERICA IS COMING 🏴?️
-------
This is part of a series which I dubbed GMERICA. The first part is about the Activist Investors, specifically, Carl Icahn.
Today, the barrier was broken.
On zero news, $GME was up 12% intraday trading.
But if you were tracking buybuyBobby (will be referred to as "Bobby") then you also noticed that it peaked at 120% intraday, which once again validated the "meme stock basket" or Total Return Swaps DD by criand.
Multiple SEC filings were posted in after-hours on Bobby's investor relations site and here are the takeaways:
- POSAR or amendment to Form S3 was released which states $1 Billion will be raised by selling common stock, warrants, and/or Preferred Stock.
- Form 424B5 for amended prospectus stated NO MARKET will be created to sell Warrants which means a Buyer has already been selected
- Form 8-K announced Holly Etlin as interim CFO, she is a managing partner as AlixPartners and the firm has close ties to Carl Icahn
THIS IS BULLISH AF.
POSAR/Form S3: The Deal
This is the announcement to sell warrants or Preferred Stock.
What is Preferred Stock?
According to Investopedia:
The term "stock" refers to ownership or equity in a firm. There are two types of equity—common stock and preferred stock. Preferred stockholders have a higher claim to dividends or asset distribution than common stockholders. The details of each preferred stock depend on the issue.?
[...]
Preferred stock is a different type of equity that represents ownership of a company and the right to claim income from the company's operations.
Basically, they are selling the entire company of Bobby.
Furthermore, there is an interesting section in Form S3 which got me jacked, here it is on page 7:
The existence of unissued and unreserved common stock or preferred stock may enable the Board to issue shares to persons friendly to current management, which could render more difficult or discourage an attempt to obtain control of the company by means of a merger, tender offer, proxy contest or otherwise, and could thereby protect the continuity of the Company’s management and possibly deprive stockholders of opportunities to sell their shares of common stock at prices higher than prevailing market prices.
Bobby's management team has already selected a buyer that is friendly to the company so no outside buyer has a chance.
Form 424B5: The Nail in the Coffin
This is where it gets interesting. For these warrants or Preferred Stock, they will not be publicly listed on any markets. Once again, this means they have already selected a buyer and will work through private channels.
The buyer will need to purchase up to 900 million warrants for shares of common stock and be required to purchase preferred stock. Bobby aims to wipe out all of its debt outstanding (sound familiar to GME 21' sneeze? I wrote a DD about how Bobby will clear its debt the same way).
Form 8-K: The Turnaround King & Queen
First off is David Kastin, who was recently hired onto Bobby as the Executive Vice President & Chief Legal Officer on Dec 19, 2022. His profile on LinkedIn is all about M&A, restructuring, SPACs, IPOs, and turning around companies.
Also, he started his career working for the SEC then later went private and became a specialist in mergers & acquisitions and has been quoted in Vanguard Law Magazine: "I’ve been the turnaround general counsel for companies in turnaround modes."
Noteworthy is also his involvement in high-profile business dealings involving regulatory guidance for Vitamin Shoppe (health products), Clever (a cannabis company), and a leveraged buyout (LBO) for Toys 'R' Us:
Clever Leaves (the “Company”), a leading multi-national operator and licensed producer of pharmaceutical-grade cannabinoids, announced today the appointment of David M. Kastin as General Counsel and Corporate Secretary.
David has extensive experience guiding global, public company legal functions at scale, most recently as General Counsel and Corporate Secretary at The Vitamin Shoppe where he helped lead the privatization and sale of their business to the Franchise Group, Inc. and led the regulatory guidance in the launch of their first CBD product distribution in more than 30 US states.
While acting as Deputy General Counsel, Assistant Secretary at Toys “R” Us, David helped lead the sale of the company to two private equity firms and a real estate investment trust in a $6.6 billion leveraged buy-out.
So there you have it, the Turnaround King who can navigate complex business dealings involving SEC regulators, multi-billion dollar deals, and LBOs (kinda like selling Bobby to a private buyer).
Next, you have Holly Ettin which has won numerous awards for saving companies. Here is her profile on Alixpartners.com:
Holly is an experienced executive with over 30 years of experience in providing turnaround services for companies in the retail, distribution, consumer products, financial services, media, and hospitality industries. Holly is a Certified Turnaround Professional; and is admitted to the American College of Bankruptcy and the International Insolvency Institute. In 2007, the Turnaround Management Association (TMA) recognized Holly with its Turnaround of the Year Award for the successful turnaround of Winn-Dixie Stores, Inc. In 2011, TMA once again recognized Holly with its Transaction of the Year Award for the successful refinancing of Neff Rental. Holly was named Woman of the Year in Restructuring in 2014. She once again won the TMA Turnaround of the Year award for her work at BCBG MaxAzria in 2017.
Bobby has selected the ultimate pair capable of handling what will likely be one of the most craziest deals in their professional career.
And you may wonder, what might that be? Here's a clue:
The Gamestop Connection: TEDDY wants BABY
It's no surprise that Ryan Cohen wanted to spin-off buybuybuyBABY in his activist letter to Bobby's board last year.
Multiple posts have covered what TEDDY is all about but here's a quick summary:
- TEDDY has trademarks and filings for digital assets/NFT, clothing, books, inflatables, etc. (source)
- TEDDY is a bank (source)
- TEDDY is an ecommerce store (teddy.com)
Teddy is just missing the physical component, which BABY and its physical stores would help complete.
Final Thoughts
I believe multiple deals will be announced soon:
- A leveraged buyout (LBO) of Bobby via Preferred Stock, Warrants, and Common stock
- A spin-off of BABY to TEDDY
So to leave your tits jacked, check out this leaked info from PitchBook, a source for M&A deals which is kinda like a Bloomberg Terminal for traders, and both require a $20-25k subscription to access:
Credit to blackmerger - a professional who works in M&A
As if it weren't any clearer about the connection between GME x BOBBY = here's a tweet from Protocol Gemini, a creator on Gamestop NFT marketplace:
Twitter https://twitter.com/ProtocolGemini/status/1622767721749573632?s=20&t=ajWYD16Z39JdVk1NLd3Knw
LFG 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
💎🙌
Edit:
Further wrinkles have contributed and pointed out that selling Preferred Stock (to be sold privately) will not dilute Common Stock (which is what is being traded on the open market).
By going through private channels to sell Preferred Stock, shorts will not have access to those shares and are still required to close short positions causing BOOM! 🟩
Bobby has been on RegSho for 23 consecutive days there will be FORCED BUY-IN also causing BOOM BOOM! 🟩🟩
C+35 from overshorting Bobby in December 2022 is also due on Friday 2/10 to cause additional BOOM BOOM BOOM! 🟩🟩🟩
Bankruptcy is completely off the table. Bobby's management is pricing in the fact that they will wipe out the debt during the squeeze. Also someone has been buying up Bobby's debt bonds, see here: https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-24-bond-2024-us075896aa80?miRedirects=1
In case you didn't know, bonds are illiquid and is Carl Icahn's signature move in a hostile takeover. He buys up ALL the debt bonds then offers a leveraged buyout to takeover the company. Companies that he raided in the early 80s would offer him large sums of cash known as greenmail to leave their company alone.
Are we witnessing the Icahn Lift in full effect? (minus the ransom) someone did promise fireworks..
MOASS is tomorrow - Tuesday - exactly 741 days from Jan 27, 2021.
Sleep well for the Infinity Pool awaits.. ♾️🏊
Edit 2:
Wow look at all these amazing comments! I'm loving it.
By the way, if you think Bobby's management team isn't paying close attention to these forums, then you are dead wrong.
Check this out - Bobby just filed this SEC 8-K today on 2/7/23:
As described in the Preliminary Prospectus Supplement, we may not have enough authorized common stock to satisfy the exercise of the warrants to purchase common stock and the conversion of the preferred stock. This also impacts our ability to issue common stock in the future unless we are able to amend our certificate of incorporation. In connection with this offering, we have agreed not to issue additional equity securities (other than upon exercise and conversion of the securities offered hereby) for a period of 90 days.”
THIS! Bobby has confirmed they will NOT dilute shares, so this reaffirms the position they are going to take. They have arrange for a private sell of warrants to Common Stock and Preferred Stock (required combination) to sell the entirety of Bobby.
Additionally, from Form 424B5 these shares and warrants will only be offered in the following fashion:
Delivery of the Series A Preferred Stock and Common Stock Warrants will be only in book-entry form and will be made through The Depository Trust Company on or about February????????????????????, 2023 and subject to the satisfaction of certain closing conditions. The Series A Convertible Preferred Stock Warrants will be deposited with a U.S. nationally recognized overnight courier service for delivery to investors on or about ????????????????????, 2023, subject to the satisfaction of certain closing conditions.
Sucks to be shorts. They still need to close their positions in a time where Cost to Borrow Bobby's stock is skyrocketing and institutions see the writings on the wall and have been loading up. New filings from MULTIPLE institutes going long can be found here.
Oh and look, as I mentioned above, someone is buying up Bobby's Bonds - up 400%:
Wow, all the bonds getting bought up:
2024 bonds - https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-24-bond-2024-us075896aa80?miRedirects=1
20234 bonds - https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-34-bond-2034-us075896ab63?miRedirects=1
2044 bonds - https://markets.businessinsider.com/bonds/bed_bath_beyond_incdl-notes_201414-44-bond-2044-us075896ac47?miRedirects=1
Still don't think someone like Carl Icahn is involved?
Edit 3:
OH MAN, THE NEWS KEEPS COMING!
Hudson Bay Capital became the acquirer for Bobby and will be making payments to them long-term.
Who is Hudson Bay Capital?
I got lazy and typed it into chatGGpt:
EDIT: May 11, 2023
If you are reading this then you saw that Mods redirected you to this for one reason: to direct you towards outdated material.
If you want the latest, check my post history.
GMERICA IS COMING 🏴?️
Remember when the Heat Lamp DD was posted? Many don't. It was originally posted on another GME sub, that was closed down many months ago. (DeeArhEss-Ur-GME)
And posted here on Superstonk as well.
The difference is that the DD was immediately deleted by the SuperStonk mods. Reposts of the Heat Lamp DD was also removed swiftly, as if this DD was somehow damaging for... someone.
Eventually, it was allowed on SuperStonk, and the discussion about book v plan emerged.
Having your GME in BOOK (with no other shares or fractionals in PLAN, and no DSPP enrollment) is proven to be 100% safe. The DTCC, Kenny, or other shady fucks can't use those shares for locates, can't borrow them, can't touch them at all. These shares are "out of the system", so to speak. This is the choice for those, who do not want to take any chances.
What is PLAN? Plan is not BOOK, and that is really all you need to know. There are many, many posts that dissect this topic, especially from the time that Heat Lamp was allowed on SuperStonk.
If the Heat Lamp DD wasn't important, it would not be suppressed back then. Book is safe. Plan is not Book.
Why even take the chance? Book yo shit. No sell, no quarters, and no fractionals.
I'm seeing an increasing number of news headlines about how a few lethargic teenagers are causing havoc in the marketplace. We're constantly portrayed as obnoxious jerks who don't care about their neighbors and seek to upend the status quo. We haven't done anything wrong; all we have done is buy in a stock with attractive hues that can be easily colored with crayons. Why are we regarded as brats who have come to terrorize the area? So, how many of you are over 30 and know what you're doing?
Also, I ate a green crayon but it tasted like a blue crayon, how come?
Edit: Take note, short hedge funds (SHF), BCG, mainstream media, Steve Cohen in particular, and Jim whatshisname, and recognize that we are full of fundamentalists who have finally discovered something to believe in, a small shrine of hope in a sea of disappointments. A guiding light for future generations to reflect on how silly the world was before 2022. It was all because one person saw right through the lies and spurred individual investors. And, as we all know, this is much larger than the stock market or simply investing. This extended beyond countries and histories founded on lies.
Typo in the title. My bad. Proof read the post, not the title.
This might be a bit long, but I promise you it's important.
What is going on?
Hundreds of thousands of individual investors have been directly registering shares of GameStop in their own name. Taking the shares that are held by their broker and asking for the real share that they are supposed to be holding and then taking that share and registering it under their own name, giving the investor full rights to the share, proof of ownership, and removing the brokers ability to lend those shares out to someone looking to borrow shares.
This has been going on for over a year now and the number of shares being pulled out of brokers and into the names of the individual investors is only going up.
This can only happen until ALL shares in the float are registered and accounted for.
Why is it a big deal that GameStop is reporting these DRS numbers?
The fact that GameStop is filing their quarterly reports to the SEC and these reports include the running count for the total number of shares Directly Registered by individual investors is THE ONE FACT that anyone in the world of investing should pay attention to.
This is a 100% real, proven, fact reported to investors and filed with the SEC. These numbers do not lie.
Let me repeat. THESE NUMBERS ARE REAL.
Note: the latest proven amount of DRS'd shares from GameStop is 71.3M. The new number will be reported in early December on the Q3 report. This is expected to be somewhere between 88M-92M.
Current estimated shares DRS'd provided by: https://www.computershared.net/
The DRS Indicator
I believe we are beginning to see the introduction of a new fundamental bullish indicator that I like to call "The DRS Indicator"
This indicator is very simple to understand and just works on basic supply and demand mechanics. The more shares registered in peoples names, the less likely they are to sell those shares meaning supply is dropping and demand for those is rising if this DRS indicator % continues to go up.
Feel free to suggest another name, or add to it why it is so bullish!
What's so UNPRECENDENTED about this?
This has never happened before in the history of our stock markets as we know them. There has never been a time where technology has been at a point to allow so many individuals to communicate and educate each other on topics.
There are 304,516,136 share of GameStop issued. Retail has currently registered approx. 88 MILLION shares.
Note: 304 million is the total amount of shares outstanding.
If you include the mutual funds, ETFs and institutional holding. Which are also real reported ownership that leaves only 66M shares remaining. Those would be shares held in brokers for individual investors.
Do you really think every single person who owns GME has registered 75% of their shares?.....
Like I said in my previous post that measures out to about $3 BILLION DOLLARS and counting....
https://www.reddit.com/r/Superstonk/comments/yjatms/the_3_billion_dollar_subreddit/
The amount of shares registered by individuals has been rising at approx. 15-20 MILLION per quarter.
What this means is that there will come a day when retail has locked up the ENTIRE float of GameStop. As that number gets closer to 100% more and more will pile in and speed up the process as others begin to understand the gravity of the situation at hand.
Once that happens, we truly are in unprecedented waters in the market as we know it.
Quick side note: What the heck is short interest?
Refer to this for an explanation: https://www.investopedia.com/terms/s/shortinterest.asp
Lets stick with verifiable facts here. I'll let others in the comments talk about FTD's, naked shorts, etc.
The reported short interest in GameStop is current at approx. 54M shares. Meaning 54M shares have been borrowed and sold to someone and those will need to be purchased back and delivered to who they borrowed it from at some point.
If the amount of shares left in the free float is lower than the shares on short, the ones borrowing the shares will have a very big problem on their hands.
Why you should not ignore this event.
You may have heard things about GameStop around reddit as posts from here sometimes make it to all and you may just scroll past it thinking to yourself that those people are all crazy.
But I come to you with facts provided to you directly from the company through regulated filing requirements by the SEC. These numbers aren't coming from some people on the internet.
You don't need to understand all of the inner workings of the markets like a lot of people have learned over the past year and a half. You just need to sit back and do some critical thinking and try to think about the gravity of the situation unfolding.
THESE ARE THE VERY REAL FINANCIAL MARKETS. This is a real event, literally happening before our very eyes with real information. This is an event that has never happened before in the history of our markets as we know them.
If you have zero interest in investing, or the markets, or anything of that sort. Then I will say, just remember what you read here so when you see in the news that individual investors registered the entire free float of GameStop in their name and some insane event happens, you can say "hah! I remember reading about that"
One final thought I will leave you with.
These 88M registered shares do not represent the TOTAL shares held by retail in the entire world at one moment. These 88M share ONLY represent the number of share individuals went out of their way and took time out of their day to contact their broker, send in the required information, and initiate a transfer to Computershare to have these shares registered.
This process sometimes involves a fee, anywhere from free/$5 at most brokers up to around $300 at some international brokers. Personally, I paid $300 to register my shares.
You should be able to find out how much it costs at your broker here or with a quick google search.
However, it is easier with a lot of other brokers, either being free or as little as $5. $300 is on the high end of things.
ALSO, many countries and brokers do not allow investors to DRS their shares. Some countries have tax exempt trading accounts that a majority of individual investors use.
For example in Canada, we have TFSAs (Tax Free Savings Accounts). We can hold stock in these account and all gains on holdings are exempt from being taxed. This is similar to an IRA.
However, the shares held in a TFSA cannot be DRS'd without taking them out of the TFSA and then losing the tax free status on the shares.
There are many more reasons why individuals around the world have not DRS'd shares of GME yet.
So make some assumptions and do some calculations to use the reported DRS count from GameStop to extrapolate out what you think retail also holds in their accounts at their different brokers.
Do you think maybe 30% of every single share held by retail has undergone the DRS process?
88M / 30% = 293M total shares held by retail.
Have some fun with your own estimations of what you think the percentage of people DRS'd their shares is and extrapolate those out. I promise it will be fun!
TLDR
Individual Investors have gone out of their way, sometimes paying money to register shares of GameStop in their own name. So far registering 88MILLION shares.
This is not stopping(increased at an average of 15-20M shares every 3 months) and this number does not even represent all of the shares held by individuals at their broker. This only represents approx. 200,000 accounts that have registered some or all of their shares and this number has been verified by GameStop every quarter.
Don't miss out on the biggest event to unfold in the history of the stock markets as we know them. Participate in it, or watch from the sidelines. You are an individual. Make your own individual choice.
Thanks for coming to my TED talk. Please correct me if I got any info wrong and I will update.
I look forward to seeing what other information and facts or what discussion you can all add to this!
Cheers!
I had this weird interaction with IBKR (UK) last night after getting a message saying my shares aren’t eligible to drs….. has anyone else experienced this? Apparently they are on and off the eligibility list when it comes to drsing. I’ve never heard of this and it’s quite frustrating as I have xxx here to add to my pot in computershare. I’ve bought and drs’d with them many times. Anyone else experienced this?