You should all read this. The numbers going forward are based on Cede&Co. We will not see the numbers go up at all past what works out mathematically.
The computershared account put a disclaimer of this, and that is why it got taken down.
this post was submitted on 25 Aug 2023
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Sorry to spam, but this is going to be important going forward. Esp if they continue to give us the relative-numbers instead of the raw data.
I do not mind - you can always ping me if you need something!
That's not why the Computershared.net website was taken down, by the way. I am somewhat friendly with u/JonPro03 who was maintaining the site has been going through some IRL stuff and it's simply not his priority atm. He does support the efforts of the DRS team which is why the site now redirects towards a DRSGME.org page detailing the findings when investors went to Grapevine to see the 2023 stock list.
The truth is that, as far as I am aware, we do not know exactly why the language in the filings changed.
Depending on how much you pried, I would imagine "personal stuff" could have been that the lawyers said "nah man" and it would be a really dumb idea for JonPro to elaborate any further.
Changing the DRS count to “Not Cede” was most likely what got them in trouble with the 34T entity that is Cede & Co (with a whopping 4 paragraphs on Wikipedia). It didn't really become a problem until it blew up on SuperStonk that the wording changed.
No worries.
Not sure I understand the exact reasoning for this, though. Can you explain a little, maybe?
Wording before the change was always:
As of M DD, YYYY, XX.XX million shares of our Class A common stock were directly registered with our transfer agent.
https://investor.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a
https://investor.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88
https://investor.gamestop.com/static-files/3a9d968d-b9f5-415a-877f-895d5ac83ed3
Wording after the change is now:
As of MM DD, YYYY, there were approximately XXX,XXX,XXX shares of our Class A common stock outstanding. Of those outstanding shares, approximately XXX.X million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately XX.X million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of June 1, 2023.
https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89
I personally find it odd to now be laying out each holding party so blatantly. It also it begs the question, if Cede is acting on behalf of the DTCC, they could say ANY number as the number they "should" have.
Will Gamestop actually go out to put a future report like:
Cede has 75%.
Computershare has 35%
:)
doubtful, but they HAVE SEC record of what Cede said exist. It's a cover-their-own-ass style of reporting. No reason to get yourself sued when you stand to make so much on a stock run. I for one am fascinated to see what the next quarter claims. If we haven't moved at all, I venture to guess it's going to be a black-box-##'s-wise until it really starts to fuck shit up.
Notice the addition of the word approximately everywhere
August 15, 2023 SS post: https://www.reddit.com/r/Superstonk/comments/15s0c2e/happy_13f_filing_day_apologies_for_quality/ I haven't gone through the numbers on the screenshots, and I think someone mentioned one page was missing.
Old notes from DRSyourGME:
5/18/2023 numbers from lawsondt's compilation:
- Outstanding Shares: 304,717,030
- ETFs: 29,268,180
- MFs, Index Funds, Pension Funds, etc.: 35,394,217
- Other Institutional Ownership: 46,228,722
- Insiders: 38,482,026
- Insiders Stagnant: 13,961,696
\
Then 6/13/2023 numbers after known adjustments:
- Outstanding Shares: 304,717,030 -> 304,751,243 Shares outstanding as of June 1, 2023 GameStop Form 10-Q
- ETFs: 29,268,180
- MFs, Index Funds, Pension Funds, etc.: 35,394,217
- Other Institutional Ownership: 46,228,722
- Insiders: 38,482,026 -> +10,000 +5,000 +190,638 +253,204 = 38,985,868
- Insiders Stagnant: 13,961,696
8/15/2023 look again for free float number:
Free float: 304,751,243 - 29,268,180 - 35,394,217 - 46,228,722 - 38,985,868 - 13,961,696 = 140,912,560
8/23/2023 Estimated DRS count: 77,089,291
8/23/2023 Estimated DRS count minus 1,270,566 Mainstar rugpull shares: 75,818,725
https://gme.crazyawesomecompany.com/ the number is stuck at 60.19%, it seems we are stuck here because they won't publicly report any higher numbers for fear of being sued by DTCC for contradicting any official fake numbers DTCC may have.
What's the story with Northern Pacific Railway?
One of the largest short squeezes in history, especially in terms of market impact. Definitely a story worth knowing about. Here's a good article on this topic:
https://novelinvestor.com/the-biggest-short-squeeze-of-the-last-century/
You might also like reading about the squeeze circumstances which led to the birth of the modern Federal Reserve. We have a good article on that over at WhyDRS:
https://www.whydrs.org/post/the-panic-of-1907-and-the-birth-of-the-federal-reserve