It's become so well known and now that multiple experts are weighing in and saying it's possible, the SS mods are trying to sweep it under the rug by saying it's an "already known" DD that doesn't need to be rehashed.
Excuse me, but what the fuck?
The SS mods caused so much harm to the ape community over this. They silenced people, they banned people (including me) and thus slowed down the flow of shares going to pure book that could have caused MOASS so much sooner.
Not too long ago platinumsparkles made a nonsense post taking part of a GME earnings call out of context and tried to say heat lamp is dead. I called her out on it, and of course she never retracted her statement or apologized.
If they now acknowledge the fact that heat lamp is valid, they need to unban everyone they banned for posting heat lamp, and apologize for all the harm they caused.
It's been a very active week as many of us turn to WhyDRS with increasing fervor. 🤝 From what I've seen, that means more time, effort, and thought put into our next steps. There's a long road ahead, as we've all discovered these past few years imo. Incredible to think how much we can all accomplish together. 🛤
I'm trying out this new format as a way to efficiently respond to interesting recent thoughts. Let me know what you think per attempts to streamline involvement. 💬 It seems I've been missing material discussions with my existing approach of some quick time each week to glance over main insights.
This kind of work is a(n unpaid) full time job. I dont expect anyone to stay up on all of it all the time unless they’re deeply entrenched in the day to day. — [wtfeweguys](https://discord.com/ch
Fractional shares are not issued by the issuer but rather are account entries meant to represent the portion of a whole share (held by a broker or another party) that an accountholder would be entitled to (including ongoing appreciation and depreciation) if fractional sha
I wrote this post in an airport lounge, where I’m leeching off the buffet for 10 hours before my flight. Might not be as fun as exploring LA, but it saves a few bucks to go towards rent. 🏠
Whether we like it or not, the government knows a lot about us. They know when and where you fly. 🛩️ They theoretically know how much you earn, the stability of that income, and where it comes from. 💼 They know what kind of car you drive, how many traffic tickets you’ve racked up, and of course where you live (at least unless it’s in a separate entity). And that’s not even mentioning Snowden.
This isn’t a post about government oversight, but the topic seems particularlyrelevant. More specifically, by the end of this post, you’ll understand my nuanced view of
Options caused the January 2021 price action on GME. Derivatives are the casino. There is more money in playing options than there is in the underlying stock that those options are being played over.
Infinite liquidity destabilizes the stock market because it breaks the fundamental value that stock has. People should be able to buy up all the shares of a stock, and that should cause the price of that stock to increase in value. But when market makes like shitadel are allowed to sell more of a stock than what was issued by the company in the name of liquidity, the stock market becomes detached from reality and it's impossible for a price discovery to occur.
Retail has done nothing wrong. In fact what we've been doing is noble. Direct registration is putting our money into the real underlying economy. Booked shares are the only thing in the stock market that has real i
First I want to ask everyone to ACTUALLY READ THE RESPONSE FROM GAMESTOP.
First I want to point out the last paragraph in Gamestop's response:
The false and misleading statements described above relate to the Proposal's fundamental purpose - that the Company discontinue its DirectStock Plan and choose a new transfer agent
The proposal was to choose a new transfer agent. It wasn't an inquiry about the difference between book and plan. Platinum Sparkles lied and twisted the response into a book versus plan thing.
Secondly I want to point out this paragraph in Gamestop's response:
The FAQ page explains that Computershare holds only "a portion of the aggregate DSPP book-entry shares via its broker in DTC for operational efficiency
This is heat lamp, people. Right here Gamestop is pointing to Computershare's FAQ page and verifies that a portion of DSPP (
Column A (1) The first field in a file shall be the code identifying the Participant that is acting as Designated Participant for the market center under Section VIII of the Plan. The Participant identification codes are as follows: Amex - "A"; BSE - "B"; CHX - "M"; CSE - "C"; NASD - "T"; NYSE - "N"; PCX - "P"; Phlx - "X".
Column B (2) The next field in a file shall be the code identifying the market center, as assigned by a Designated Participant pursuant to Section VIII of the Plan.
Column C (3) The next field in a file shall be the six-digit code identifying the date of the calendar month of trading for the market center report contained in the file ("yyyymm").
Column D (4) The next field in a file shall be the symbol assigned to an individual security under the national market system plan pursuant to which the consolidated best bid and offer for such security are disseminated on a current and continuous basis.
Column E (5) The next field in a file shall be the code for the one
It's odd to me every time a dividend comes up I see people against it, or they want a NFT dividend like the DTCC can't BS their way through that. I don't think a NFT dividend would work. It was tried once when Overstock was shorted and it flopped.
Cash is king and there is no substitute for cash in the market. They can't pay out monopoly money or IOU's when a cash dividend happens. If Gamestop hands the DTCC X amount of dollars and says this is for a $1 dividend to each shareholder, the shorts are fucked. They have to pay the full amount of the dividend to every shareholder who bought a naked short and they have to pay out of pocket.
Apparently RC can invest Gamestop funds in stocks now, and I saw a great suggestion that Gamestop should invest in dividend stocks and then issue a "pass through dividend" to shareholders when those stocks issue dividends.
"...if if the general public uhhhh investor is uhhhhh pitted against the hedge funds over time the hedge funds uhhhhh will come out ahead." bill Gates.
"In a little-known quirk of Wall Street bookkeeping, when brokerages loan out a customer’s stock to short sellers and those traders sell the stock to someone else, both investors are often able to vote in corporate elections.
With the growth of short sales, which involve the resale of borrowed securities, stocks can be lent repeatedly, allowing three or four owners [or more] to cast votes based on holdings of the same shares.
The Hazlet, New Jersey–based Securities Transfer Association, a trade group for stock transfer agents, reviewed 341 shareholder votes in corporate contests in 2005. It found evidence of overvoting—the submission of too many ballots—in all 341 cases."
For the record, this article has been largely scrubbed from Bloomberg Markets' website, as well as the entire internet.