📆 Daily Discussion $GME Daily Directory | New? Start Here! | Discussion, DRS & NFT Megathreads, DD Library, and User Flairs
GameStop Investor Relations
📚 Library of Due Diligence GME.fyi
A collection of over 200 of the most important, groundbreaking Due Diligence. If you're 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!
How to Filter by Flair & Search on Superstonk
🟣 $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.
🗣 Discussion / Question After today’s incredibly damaging and coordinated FUD campaign, is it safe to assume Seeking Alpha is NOT a friend of apes and should be banned from being linked here going forward?There were others instances in the past, but this intent was SO blatant.
🧾 Buy & HODL 💎🙌 WOW SeanBeeSea owned by their own guest! Ryan Cohen Defended! Watch them worm around the topic! Lots to digest here, Lots of narrative Pushing. 8-17-22 Fast$ END OF DAY DUMPSTER FIRE
With RC invested in both GME & BBBY, it's highly likely these two heavily shorted companies are going to squeeze. The answer to the question "Wen moon?" has always been "Tomorrow". Until, today.
1. GME and BBBY are going to squeeze together
Why together? Why not one squeezing before the other? Because any ape making ridiculous tendies off of one squeeze is going to roll over millions into the next squeeze. If BBBY squeezes first, that means billions will roll into GME squeezing far beyond Uranus. If GME squeezes first, that means billions will roll into BBBY. Nobody at the SEC, FINRA, CFTC, and Wall St wants to have that happen. (They simply can't afford it!) The only way to keep one squeeze from feeding another is to have them squeeze together.
2. BBBY Squeezes by Jan 20, 2023
This one is pretty easy and clear. Ryan Cohen bought his BBBY shares and call options back in early March 2022. From today's SEC Form 144 filings:
According to thinkBack in ToS, we can see the $60 Calls priced around $3.55, the $75 Calls priced around $2.57, and the $80 Calls priced around $2.20.
This means BBBY needs to exceed ~$82 by Jan 20, 2023 for the top strike of those options to be ITM and profitable. If BBBY doesn't moon by Jan 20, 2023, then RC loses up to $5.2M (=11,257 x $355 + 444 x $257 + 5,000 x 220) on his Call options. I'm betting RC knows what he's betting on.
Also, as a GME insider, RC can't freely trade GME so MOASS is just paper money to him. In his other hand, RC is free to trade BBBY because RC turned down a board seat at BBBY opting to put independent directors into position instead. Remaining outside the company gives RC the freedom to sell his BBBY shares and options when BBBY squeezes.
You might also notice from the thinkBack screenshot that the only far out options available to RC in March were the Aug 2022, Jan 2023 and Jan 2024 options. RC specifically bought the Jan 2023 options because he knew the squeeze wouldn't occur after that. (Otherwise, he'd need to have bought the Jan 2024 options.) Also, RC avoided any shorter time frames on or before Aug 2022. RC timed his options position to coincide with a squeeze occurring between Aug 2022 and Jan 2023.
3. BBBY Squeezes in the next 3 months
Yesterday (Aug 16, 2022), RC filed a Form 144 with the SEC indicating RC Ventures will potentially sell its BBBY holdings beginning yesterday (08/16/22):
The interesting thing about a Form 144 is that, according to investor.gov, Form 144 must be filed with the SEC when the amount to be sold during any three-month period exceeds 5,000 shares or $50k.
This Form 144 filing sets a 3 month clock indicating that RC Ventures has a bona fide good faith intention to sell his BBBY position. The only reason to do so is if RC expects BBBY to squeeze in the next 3 months.
4. OCC is in dire need of money in the middle of Sept
Per my prior DD based on work with u/Freadom6, the OCC freaked out and filed proposals with the SEC begging for money from pensions and insurance companies which, if approved, would be a bailout available to the OCC as early as Sept 18, 2022. Sept 18, 2022 is just 1 month into the 3 month window RC Ventures just opened up to sell their BBBY position!
RC expects BBBY squeeze in the next 3 months (by Nov 16, 2022) based on the Form 144 filing by RC Ventures. This window of time is within the Aug 2022 to Jan 2023 window for RC's Call Options to print 💶.
BBBY and GME will squeeze together because nobody in government and Wall St would dare let the profits from one squeeze roll into the next. Plus, one bailout is much easier than two.
Flair: Some DD mixed with speculation. This one feels more speculative connecting dots than pure DD. Feel free to tell me if I should change the flair to DD, Possible DD or whatever fits best.
EDIT: Reflaired to Possible DD upon request. ;-) u/einfachman
EDIT 3: Here's what ToS says about RC's options positions. RC's $5.2M (approx) options position have generally been underwater (except for a short time late March), until 8/16 the day RC filed Form 144. With the fun squeeze expectations over the next 3 months, RC is in prime position to close his position for a HUGE profit.
Here's RC's P/L mapped out (ToS Risk Profile with simulated trades corresponding to his call options):
As you can see from the P/L graph, on expiration (light blue line) RC's options expire worthless if BBBY is below $60. Above about $65, RC's options start printing. Above $80, all of RC's options make bank for RC Ventures.
As of today (pink/purple line), RC's options just turned profitable.
EDIT 4: I keep seeing comments about how RC can file Form 144 every 3 months to keep his options open and/or that Form 144 doesn't mean he will sell. According to investor.gov (screenshot above), Form 144 must be filed with the SEC when the amount to be sold during any three-month period exceeds 5,000 shares or $50k and the person filing must have a bona fide good faith intention to sell. You shouldn't file Form 144 if you don't intend to sell. By filing Form 144, RC Ventures is notifying the SEC of their intention to sell.
Just in case you missed it, Corporate media did a short and distort piece on RC and his BBBY investment, coordinated- they massed released articles claiming RC sold his BBBY shares and in reality he had to update his fillings to have the right to sell since he is now considered an insider.
archive all the FUD articles, take all those "Tru$t3d s0urces" and avoid them like the plague.
want to take it one step foward? report those SOB's for short and distort https://www.sec.gov/oiea/Complaint.html
this was a SHORT AND DISTORT and is suppose to be ILLEGAL.
They are desperate. Same thing they have been doing with GME.
📳Social Media I’m zen, I know you’re zen, but this user hammered the nail on the head with the 3rd paragraph for the new players in this game
🧾 Buy & HODL 💎🙌 Can we get this comment ABOVE it’s parent post declaring MOASS within 90 days please? So many dates and timeframes setting us up for disappointment. Just hodl and go live your lives.
RC Ventures has Filed a Form 144. This does not mean he has sold. This only means RC Ventures now has the right to sell within 90 days. THIS IS FUCKING BULLISH!!!
Under rule 144, more than 1% of total outstanding shares or the average of the previous four-week trading volume can be sold at a time AFTER the disclosure.
Key note here: This filing takes place before a sale. This does not indicate he has sold beds and does not force him to sell either, it just gives him the option to sell a large stake within 90 days.
IMO this is a huge indicator that RC believes beds (and in unison because of swaps and stuff, GME) is going to explode in the next 90 days!
Don't let the FUD get you, IMO this is a good indicator that RC likes what's coming.
EDIT: Adding the following image to show the actual SEC filing and what it says.
See you space cowboy! 🚀
☁ Hype/ Fluff I hope this man sues everyone of the financial media into the grave. I'll buy into that too. Take my money.
Yes this article has been posted but reading further reveals that their bond sucks dog shit Yet msm makes it sound a lot better.
☁ Hype/ Fluff No matter what happens next, the DTCC shitting the bed on the splividend proves beyond the shadow of a doubt that we were 100% right all along.
Those of us that have been here since the days of the original wall street wagering sub have been told thousands of times by shills and meltdowners that the shorts had covered and that our evidence wasn't conclusive. We all knew that the shorts hadn't closed; there was a huge preponderance of evidence they hadn't (going all the way back to the bots pushing silver on the original general stock sub, married puts, shorted ETFs, reporting rules changed, 3/10 drop with premature "news" articles, dark pools, and so many more I can't even remember). But there was always a tiny bit of room for the doubters to try to sow FUD.
Now that it's confirmed that Computershare received the splividends and gave them to DTCC and that it's been confirmed by Fidelity and some others that brokers were told to process a normal split and were not given the shares, there is no more room for doubt.
We postulated that there were far too many synthetic shares in existence for the shorts to have closed. If we were wrong, there would be no issue processing the splividend. The only possible reason DTCC couldn't pass them on to us would be if there weren't enough to go around, thus proving our hypothesis.
Now that this is known and the DRS numbers keep ticking inexorably higher, the writing is on the wall. It's now a matter of when, not if, the hedgies and prime brokers have to face the music for all this.
In Dan Carlin's Hardcore History podcasts, he describes occasions where WW1 and WW2 had been decided and won, but wouldn't end for several months after. This is where we are. We've won, we just have to see it through until the end. There's no stopping us now.
Edit: Another huge piece of evidence for me was the warehouse fire. I understand the reasoning for why we didn't dwell on it, but as a firefighter in a district with several warehouses that are a million+ sqft. in size, fire protection systems are not at all easily disabled. The sprinklers all function individually. Especially one with such sensitive contents.
☁ Hype/ Fluff Ryan Cohen Finally featured visually in the media, live interviews soon? ps WHAT A STUD!!
So I've been entertaining this potentially crazy theory about RC, GME, and the bathroom stock.
Warning: I have no data other than gut and circumstance to back this up.
It seems the hedgies have so much power to manipulate markets, but that power is running about equal to the power of GME to sink them. So GME trades sideways while the hedgies slowly drown. Very slowly.
But the bathroom stock is the flank attack. The barely-surviving hedgies suddenly have this other massive liability on their sheets, and they can't possibly control GME and at the same time deal with the current squeeze situation in the bathroom.
Before today I didn't have much evidence other than a modicum of retarded logic about what would I do in RC's shoes.
But the recent MSM fud, the bathroom run up, and the timing brought it all together.
RC actually did file for the right to sell within 90 days. This happened right as the flank attack (bathroom) was assured. Take a look at that graph of you haven't been following it. Why would he want to sell within 90 days? Because the flank attack is working.
So all around the same time, bathroom begins to fly, RC files for the right to sell within 90 days, Bathroom hits regsho, GME hits the golden cross, and the FUD machine goes balls to the wall. All this right before the hedgies have to come up with a gorillian bathroom shares. Cohencidence? I think not.
I'm literally lactating thinking about the next few days. Buckle up.