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GameStop Investor Relations
📚 Library of Due Diligence GME.fyi
A collection of over 200 of the most important, groundbreaking Due Diligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you
Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments!
On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022.
Why is GameStop getting into NFTs? WTF even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here!
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🟣 $GME shares Direct Registered at Computershare Update! -- As of April 30: 12.7 MILLION! SPLIT-ADJUSTED = 50.8 MILLION!🟣
NEW HERE? Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨
HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT? We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions.
WANT TO FIGURE IT OUT ON YOUR OWN? our comprehensive Computershare Guide
When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer.
What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS!
From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES*
link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: https://www.computershare.com/PublishingImages/company-share-structure.jpg
link to Computershare's FAQ page that also has that chart: https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
Do you want to post your DRS position but don't have enough karma? Post in r/GMEOrphans to feed the bot, there's no karma requirements there.
How to transfer from Fidelity? You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account.
If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two.
Can I buy/open an account through Computershare? Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle.
If you're outside the US you can use Wise.com and set up a bank account there, same process. https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us
How to sell? You may request that Computershare sell all or a portion of your shares online at www.computershare.com. If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you.
Book vs Plan
Both plan and Book are removed from the DTC and are registered in your name. But there are two key differences between plan and book:
- Plan shares automatically re-invest any CASH based dividends (this does not apply to stock or crypto based dividends)
- Plan shares are held in a pool with Computershare. This means they can allow for fractional shares. Even the fractional shares are registered in your name and removed from the DTC. (So you can only convert whole shares to Book).
Transferred shares are automatically "book", and when you buy directly through Computershare they are automatically set to "plan".
Transfer Request forms
Guides for various brokers
Guide for CANADA
How to DRS from Vanguard
Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325
Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare.
Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare.
To Contact GME dept in Computershare - 800 522 6645
International number: 00800-3823-3823
If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜!
To reduce clutter I will remove off-topic comments.
If you don’t think this ends with an NFT dividend you’re not paying attention.
Ryan Cohen was repeatedly denied seed capital from potential investors for Chewy and the prevailing logic was it would be impossible to compete with Amazon. Beyond the infrastructure, the 2 day shipping, market share etc… many investors were most concerned with Jeff Bezos’ ties to the machine that destroyed competitors via naked shorting, BCG consulting and MSM / Congressional compliance.
Basically, you can’t destroy the Death Star.
But Ryan Cohen found Larry Cheng and through sheer will of force they, and many others, succeeded well beyond the greatest expectations of the detractors.
Do you think Bezos just allowed Chewy to flourish? Of course not, in Chewy’s rise RC saw the malevolence behind the markets and there the seeds of the GME saga were planted.
GME was a poster child for manipulation and it had everything going against it, brick and mortar in a pandemic, increasing competition from Amazon themselves among many others and the tentacles of the market mafia wrapped firmly around its neck.
But, like a judo master, RC knew the apparent strength of the oligarchy could be turned into its most indefensible weakness. Infinite risk.
A movement hereto unprecedented in the history of free trade had to manifest in order for this plan to succeed. Enter the Apes, stage left.
This was never just about a short squeeze. Yes the greatest transfer of wealth in human history is a fundamental building block of this monument to autonomous free trade but if wealth transfer were the only endgame here the movement would have resulted in abject failure. What to do with that newfound wealth is perhaps the most important element of this.
The NFT marketplace does much more than simply provide a new, more secure market for digital and physical items. It weakens the parasitic Ponzi scheme like nothing else could as it removes their ability to function within the environment. Remember War of the Worlds, the humans couldn’t defeat the aliens but the new environment could. When your enemy is too powerful to destroy in a direct confrontation, do not attempt to foolishly strengthen your troops only to be lead to inevitable slaughter, change the environment to strip your enemy of its advantage. A centralized exchange is the oxygen of the oligarchy. DEX will suffocate them with no direct confrontation necessary.
Thus, seeing as RC has been aware of this from day one, the endgame has always been the removal of GameStop from the complicit DTCC to a decentralized exchange. The split dividend has played out exactly as expected. How do you distribute 225 million shares to approximately a billion shares held by retail. Answer: you don’t you just commit more crime. Dumb stormtroopers walking right into the line of fire and providing GameStop the legal fuel to light this fire.
The final piece of the puzzle, before RC removes GME from the DTCC,is of course DRS. He could do it tomorrow but he wants to protect the Apes and the only way to protect your shares is by pulling them out of the hands of the criminals and Direct Registering them in your own names before the NFT dividend because God knows any share not DRS’d are subject to unfathomable levels of corruption and criminality.
The fuse has been lit, get your shares out of the DTCC now and prepare for the fireworks foretold by Larry Cheng himself:
“It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these two worlds meet in the same asset, there will be fireworks.”
The NFT dividend provides an explosion of capital to guarantee the success of the decentralized markets like nothing else could. Not only is this important for the future of free trade it’s imperative for the Apes as well. A simple wealth transfer would solve nothing. Human nature, corruption from the oligarchy etc… would put us back at square one. But a decentralized exchange/ marketplace is an environment that inherently promotes fair trade, keeps corruption at bay, facilitates the inevitable move into web3 and creates millions if not billions of new jobs in the era of machine automation and centralized manufacturing. Essentially the current market has become too efficient to support the ever growing world population. Time to create a new environment with almost no barrier to entry.
Buckle up Apes, now is, in fact, the best time in human history to be alive.
🧾 Buy & HODL 💎🙌 I’m doing my part keep up the pressure 💎🙌 DRS, keeping our brokers accountable & public voices are our tools
🗣 Discussion / Question My TDA call: Small dose of Hopium with a side of "We dont know whats going on"
MY TDA experience after seeing the previous TDA post:
I called TDA to ask if there were going to be any tax repercussions from the split. The "lovley" gentleman I spoke with, Kyle, was very rude and abrasive. When i asked him about the recent splivvy, he spouted off some nonsense about the Compliance department being the one with the answers and they wont be in till Monday. He then told me i needed to contact GameStop's investor relations page and I told him I have and that they were telling me to contact my broker. I asked to speak with a supervisor and he told me he wouldn't know anything either and was in a meeting and would call me back. The Supervisor actually did call me back and we had a very interesting convo. He was very nice and curious as to what was happening. I referred him to the 8K GameStop had filled on July 6th, and the IRS form 8937 they also filled regarding the dividend, and the GameStop Investors relation pages saying to call your broker. Originally the supervisor told me yes, this would be a taxable event. I again ask him to check the fillings and after a brief review he said he was unsure what was going on, that this should not be a taxable event.
He then told me something I found very interesting. He told me he has been in the business for a very long time and he was curious as to why GameStop did the divvy in the way they did, that he has hardly ever seen a splivvy done like this and there has to be a reason they issued it the way they did. While no concrete evidence, it was a hopium injection.
Supervisor then asked me what other stocks have recently split so he could do some research. I told him Amazon, Google, and Shopify. A few moments later he came back and was just as dumbfounded as I was and he needed to go up the chain of command to the Compliance Department and would be calling me back Monday after 830am.
The supervisor was very impressed and congratulated me that I had looked at the 8k and 8937 form and was elated that I wasn't one of the many calls they had been receiving from the popcorn stock about uninformed, wrong information floating around on the internet and how I was able to point him to the actual fillings the brokers look at for this type of information.
Ill make an update on this post on Monday after I talk with the supervisor again. Also, I want to thank this community for making me appear to be an informed investor, as all the information about the fillings I found here, at home, on Superstonk. So apes, pat yourself on the back for being informed investors and not like popcorn stock.
📰 News Dr. Trimbath pointing out that GameStop cannot withdraw from the DTC. If you haven’t direct registered yet, do something for your company.
Since $APE is going to have its own ticker, it stands to reason that we should ban referring to it just like mention of sticky floor has been banned. I will admit that the ape culture/imagery has never really resonated with me, but I think this would be a good time and way to differentiate ourselves from our well-meaning but ill-informed neighbors. This will probably get down-voted to hell, but thought I would float the idea.
💻 Computershare “I’m standing in front of a burning house… and I’m offering you Fire Insurance on it.” 🏠🔥
💻 Computershare GenXer here to report another 500 shares. I don't live in my parents basement and Never stopped working during Covid. I want better for my kids!
Anyone else notice we haven’t been flooded with a bunch of fud posts this weekend? Seems as if GameStop’s statement release has scared the holy hell out of all the shills on this sub. I’ve seen more apes help apes DRS’ing and figuring out the splividend fiasco then I’ve seen in a long time. Happy to see it! It seems like the calm before a very big shit storm, moass tomorrow?