this post was submitted on 02 Mar 2024

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DRS Your GME

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GME rejects shareholder proposals, debunks heat lamp...DismalJellyfish (dismal-jellyfish.com)

submitted 8 months ago* (last edited 8 months ago) by [email protected] to c/[email protected]

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"TLDRS

GameStop Rejects Shareholder Claims, Debunks Heat Lamp, and Fully Supports 'Plan' For Shareholders.

GameStop states these allegations by the Proponent are speculative and lack factual evidence, misleading shareholders about the integrity of the Company and its DirectStock Plan.

GameStop goes on to say the connection between the DirectStock Plan's recurring purchases and the alleged market manipulations is not substantiated, casting doubt on the relevance of these claims to the shareholder vote.

GameStop and Computershare assert that recurring purchases are intended for market transparency, not for facilitating any illegal activities."

Edited for clarity that it's Dismal's work. I obviously don't know how to use Lemmy's quote feature.

EDIT2, Dismal has more about himself and his work here...https://dismal-jellyfish.com/who-what-where-why-when-of-dismal-jellyfish-com/

"There is no wrong way to hold GameStop. PERIOD. FULL STOP.

Even holding a SHORT position (not illegal naked shorts) should be celebrated--that is a FUTURE buyer of the stock on the run up to being launched to Uranus. If you hold GameStop, or are new and interested in learning more we are good--we have enough in common to build on a foundation of respect and learn together.

Everything else is just window dressing at the end of the day--some look and are better quality than others (DRS vs buying and holding with a broker), but unless and until the current system burns to the ground and is rebuilt with smart contracts, holding GameStop anywhere is all it takes to be on this 'team'."

Und so weiter...

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[–] [email protected] 10 points 8 months ago (2 children)

i disagree with the assertion that heat lamp has been debunked, though it seems like some people really want people to necessarily believe this to be true and final.

put aside the name "heatlamp theory" and address 2 of the main points:

1. Plan is not DRS. "Plan is not DRS" is not debunked, just because GameStop rejected the shareholder proposals, or that there were issues with the shareholder proposals. The simple fact remains, that plan shares are not DRS shares.
1. On some DRS record dates, there have been large spikes in volume. Heat lamp offers a possible explanation for how / why. It is a theory, and it isn't necessarily totally right. But, if not right, then how else are these volume spikes explained? To my knowledge, nobody else has put together a thoughtful explanation as to why volume of GME traded spikes on some but not all DRS record dates.

Okay, so heat lamp as originally proposed might not be the fully accurate explanation for the volume spikes. So what are the alternative explanations then?

Something worth noting is that there seems to be a very effortful push to authoritatively declare "DEBUNKED!" without explaining specifically how it is debunked, and without providing any alternative explanations.

Observation: GME volume spikes on some DRS record dates.
Theory: "i propose that the reason why this happens is because..."
Opposition: "Heatlamp is definitively debunked and there is no other explanation!"

Plan is not DRS is a true statement and is not debunked.
GME has unusual trading volume on some DRS record dates, this is another true observation that is not debunked.

One theory that attempts to tie these things together might not be completely accurate but to my awareness is the most thoughtful explanation that exists thus far. I'd love to see alternative explanations but I don't know of any. Superstonk mods by consensus are opposed to the notion that there is any validity to heatlamp theory, yet offer absolutely nothing else as an alternative.

TLDR: "heatlamp is debunked" is just another example of narrative control being perpetrated by a group of moderators of the largest GME internet community. More information is needed to make any kinds of authoritative claims.

[–] [email protected] 2 points 8 months ago

Well said

[–] [email protected] 2 points 8 months ago

I generally agree. I certainty don't know everything or who is saying things for their own or other external reasons.

Dismal covers a lot of ground, so is perhaps a pro or backed by pros. Either way, it's stuff beyond my normal prowl and I'm free, so far, to think about it in any way I want.

I see the statements made by GME corporate as corporate statements.

[–] [email protected] 3 points 8 months ago

"There is no wrong way to hold GameStop. PERIOD. FULL STOP.

That is such a wrong statement. By now we should agree being record holder is better than a beneficial owner.

[–] Tramort 1 points 8 months ago (1 children)

Great write up and summary

Thank you

[–] [email protected] 2 points 8 months ago (2 children)

It's all his work, I just pasted it. He's doing a smart thing, putting his work on his own site. No shils, no mods, no spam.

[–] [email protected] 5 points 8 months ago* (last edited 8 months ago) (1 children)

Reject corporate social media, return to blog

[–] [email protected] 1 points 8 months ago

I closed my blogs because of AI and search bots benefitting. I didn't want to work cheap for billionaires and it's obvious only corporations have copyright protection in the USA now.

No big loss, my words and photos weren't popular.

That said, if Dismal wants to post, I'll happily read.

[–] [email protected] 1 points 8 months ago (1 children)

Did he ask you to post it? Do you have his permission to share it? He is certainly welcome here.

[–] [email protected] 1 points 8 months ago

We aren't acquainted. I have read his posts sometimes.

Then noticed he was being "debunked" and attacked on a sub while on break earlier this year and thought it odd. Maybe I missed something? I don't go on Twitter, so miss things.

So I went to read his own site. I don't agree perfectly with all of his assertions, but un general didn't see attempts to undermine or divide. He likes researching and digging and connecting. All good things to me.

I am aware that his assertion that heatlamp is debunked may aggravate some, I think it's more nuanced than has been presented by "both" sides, and agree that it smells a little like a purity test.

If we're going to have actual discussions, I want to make way for others who keep open so they feel welcome. I don't have religion about theories, the truth will out and is my friend. Sometimes theories are a light held up that shines through previous misconceptions. But they are also not perfect.

First thing, many bought from brokers for a while. There was a severe resistance to DRS at first, and a lot of arguing and FUD.

Then came Book vs Plan, then more about how CS works...we're still learning and some stuff won't be truky known until it's hindsight.

If Plan isn't really DRS, why was I able to vote before I had mine all Booked? CS treated me like a stockholder.

I see it as vitally important to present accurate info if this place is going to be respected. We've seen what happened to Bets and to Superstonk and to PP.

If a person holds in Plan and can help vote to keep the board whole, I am not going to criticise theur choice. It's their life, their holdings, their comfort zone, their account.

I feel that I am not an expert here. I'm trying to jump start this place by bringing things I find for general consideration and interest, so that more people might see this as a resource and a non-scary place to post their own thoughts and questions, so we can all learn.

If I've misjudged this place and brought objectionable things like a cat bringing a dead mouse, please advise and I'll desist.