A full year later, we have “yet” to break 76M again.

In this post here https://lemmy.whynotdrs.org/post/381421, we discussed how the numbers are likely much higher than are currently reported. This heavily implicates Cede/DTCC because every quarter requires fraudulent reporting (well played SEC).

But how much higher? We’ve been at 75M for exactly 4 quarters now. Estimates at the previous pace would have us over 130M shares DRSd at this point.

This would mean there are very few shares actually left out there. Roughly only 26M left to DRS before they truly start to panic from the math-breaking number. The DTCC definitely fucked up by thinking we couldn’t buy the entire thing lol.

They warned you there would be FUD, this is it. Keep DRSing and eventually ComputerShare will stop selling to us like they said they would if there are no locates ;).

With that in mind, also don’t forget the $149T bullet swap that hits instantly on December 15th. Since they opened that particular short, the stock has seen a 390% increase along with a 430% rise in interest rates, do think they roll that shit over ;)?

I will leave with the same question: Why do you think Gamestop changed the wording from 03/22/2023 onward?

  • lovetoburst@lemmy.whynotdrs.orgEnglish
    5·
    1 year ago

    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:

    • 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
    • The 6 recurring buys alone should add 514,284 DRS shares.

    Other 54 trading days:

    • $200,000 / $14 a share = 14,285 shares a day
    • 54 * 14,285 = 771,390 shares

    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. :)

    • Bleeping Lobster@lemmy.worldEnglish
      3·
      1 year ago

      Hey, thanks for this informative reply, and for the work you do tracking DRS posts. We appreciates ya!

      Fuckery is definitely afoot. All that really matters though is there’s a critical mass of us who a) believe in Cohen’s vision and leadership b) are prepared to be stubborn enough to hold through thick and thin. No shame for anyone who has had life dump on them to the point they had to sell most of their shares, keeping their home / family fed is more important than anything else for them personally. I appreciates them too for being in the fight in the first place. But, I also appreciates all my fellow HODLers!

      Seeing that we lost just $0.01 per share on the last earnings call has defo given me a boost of confidence though. We’re trending in the right direction for sure, and I think we should all realise at this stage that RC isn’t going to give away any plans for future direction until they’re 100% ready to launch. Just got to continue trusting in his leadership and buying where we can. I’ve not been able to add to my account at all over the last 9 months but fortunately have managed to avoid selling any.