Retired gamer
Sorry, don’t have a source on that. Scrolled a million bananas on reddit this year and everything is a blur. :)
I’m assuming DTCC just watches Computershare’s broker for Computershare’s transactions. Doubt they would ever contact Computershare and leave a trail.
Check out TheUltimator5’s posts on recurring buy fills: https://www.reddit.com/user/theultimator5/
I think 6days1week had the Computershare recurring buy dates marked on a calendar, or maybe TheUltimator5 mentions in one of his posts.
I used the most basic average $1.2 million buy every 2 weeks and used only $14 a share as an example. So 85,714 shares * 6 times a quarter = 514,284 shares from just recurring buys each quarter. Mileage will vary of course on GME share price at the time.
I think the DTCC side can see all broker transactions.
The DRS count incrementing 76.0m > 76.26m > 76.6m seems “ok, no ‘major’ f–kery” but still a bit on the low side. Which partly leads to questioning if we are overestimating retail investor purchasing power and how many are DRS-ing in that timeframe.
Without access to the Computershare dashboard to see daily account and count changes, we’re left in the dark guessing. Like the +4.2m for 3/22/2023 versus +.5m on 10/29/2022. One theory is “they” load up DRS accounts, then many months later drain shares to confuse retail.
Yeah, I wish the default Lemmy editor included tables like reddit’s Fancy editor. I copy-paste from my reddit post (in Markdown mode) and it preserves the tables over in Lemmy.
Thank you, adding inflation for next week’s post.
DRSbot witnessing is pretty much down to one reddit user now (shorthand we refer to as NoVac user).
DRSbot has been offline more than online the past 3 weeks. I manually track DRS posts during its offline time. From keeping an eye on DRS posts the past 3-4 months, nothing alarming jumps out.
Was discussing the DRS count f–kery tonight, and there isn’t much reason to measure and estimate when “they” can consistently mess with the DRS numbers over the past 2 years.
I think a better gauge may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:
If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:
Other 54 trading days:
Total:
514,284 + 771,390 = +1,285,674 DRS shares a quarter.
There, done. I don’t have to look at another DRS post again, ever. :)
Yeah, the Youtube algorithm is interesting. I get recommended a bunch of AMC, stock market crash, and GME bashing videos sometimes.
Same with Reddit recommendations. I looked at 1 meltdown post maybe 14 months ago, haven’t looked at an AMC post in 2 years, but the algorithm still drums up meltdown and AMC posts on my main page.
I’ve watched Richard Newton’s youtube videos for a while. He’s been very helpful explaining what’s possibly happening via swaps, ETFs, OpEx, cycles, derivatives, etc. Also nice past videos explaining GameStop SEC filings, DRS, GameStop marketplace, former wallet, Loopring, ImmutableX, NFTs, ethereum, crypto, etc.
Hey @Chives@lemmy.whynotdrs.org , Did you get any malware warning when clicking on the Subscribe button for The PPShow @ lemmy.world?
Probably just my Malwarebytes being picky:
Did a site scan online of lemmy.today via: https://sitecheck.sucuri.net/
Results:
Website Malware & Security
Website Blacklist Status
Hardening Improvements: Protection: No website application firewall detected. Please install a cloud-based WAF to prevent website hacks and DDoS attacks.
Security Headers: Missing security header for ClickJacking Protection. Alternatively, you can use Content-Security-Policy: frame-ancestors ‘none’.
Affected pages:
Missing security header to prevent Content Type sniffing. Affected pages:
Missing Strict-Transport-Security security header.
Whois on lemmy.today:
Raw Whois Data
Further ruminating, using very conservative numbers.
Not even using 200,000 Computershare accounts. Say just 100,000 accounts.
Is it a stretch to say 100,000 accounts DRS 5 shares a month? 100,000 x 5 shares a month x 3 months = 1,500,000 a quarter
5 shares a month * $22 avg = $110 a month * 3 months = $330 a quarter
Or only 1 to 3 shares a month for 200,000 accounts:
It seems the underlying question is if the DTCC has any effect on what Computershare provides GameStop for the DRS numbers.
I’m assuming Computershare the transfer agent keeps its own share count and provides the information to GameStop.
Assuming there is no DTCC step where the DTCC tells Computershare what’s on DTCC side, so Computershare has to fudge their numbers to match, then tell GameStop.
Has there been any information that shows the flow of share count data is:
If we include the non-official DRS numbers with the official GameStop SEC filings:
Date | DRS in Millions | Notes |
---|---|---|
10/30/21 | 20.80 | SEC filing |
01/29/22 | 35.60 | SEC filing |
04/30/22 | 50.80 | SEC filing |
05/26/22 | 47.01 | List of stockholders |
07/30/22 | 71.30 | SEC filing |
10/29/22 | 71.80 | SEC filing |
03/22/23 | 76.00 | SEC filing |
04/21/23 | 76.26 | List of stockholders |
06/01/23 | 76.60 | SEC filing |
06/20/23 | 75.33 | Mainstar rugpull -1,270,566 |
08/31/23 | 75.40 | SEC filing |
The May 2023 visit to GameStop HQ for the 04/21/23 list of stockholders numbers:
Using your numbers:
From a dollar amount $1,352,940,000 / 200,000 Computershare accounts = $6,765 each / $22 avg = +308 shares each over 10 months (31 shares a month).
Plausible, but it may be tough for the average holder to spend $676 a month on GME shares. And without the whales buying as much as they initially did, it skews the numbers down too.
Are you me? 😄 I was looking over the 10-Q (again) on Friday night. More of a “How is the stock price down 65% since stock split via dividend when all the SEC filing numbers are better than ever?”
We all know the answer, but I just have to remind myself.