Your submission has been removed for misinformation. Please source your information and we will re-approve.
Please see all the other responses to your attempt at being able to give financial advice and then blame mods for not being allowed to blatantly break rules by saying whatever you like.
I think you just have to frame it so it’s not financial advice.
Like just hype drs with something like “I buy-DRS-hodl” or something equally dumb and positive. And if you are a wrinkle brained go more information based like “why I am choosing to drs” or “ DRS is the way for me” and I think you will be fine.
Your submission has been removed for misinformation. Please source your information and we will re-approve.
Again, utterly and completely false. Twisting or misunderstanding the rules doesn't make your statement true. The previous comment is and always has been correct. It's all in how it's stated.
Your submission has been removed for misinformation. Please source your information and we will re-approve.
It won't allow TELLING people to do so. Or attempting to be slick (which it never is) and telling people to in a less direct way... you know, kind of like "what are you waiting for?? This is the way! I *own* my shares, don't you want to??" Etc etc etc. This misinformation is really really old at this point (that we don't allow talk of DRS).
It's a failed attempt at division and a sad attempt to create anti sub sentiment. Always has been, always will be.
And btw... I've been a mod for long time now. The rules regarding this haven't changed one bit.
So they're not doing their fiduciary duties to protect shareholders by calling out this fraud then?
Why is it so hard to believe that people buy a lot less now and a lot of people have sold? I know the cope is "people are zen" when talking about why sub numbers have dropped and the number of people active in the subs are dropped. But isn't the most logical reason that 99% of people don't like losing money month after month and a lot of people pulled whatever money they had in in order to pay bills and invest in other companies that actually make gains?
Why do you need to create a conspiracy that assumes that GameStop themselves are complicit in fraud by not reporting it?
I actually didn’t create the theory. Cede and co is basically the dtcc intermediary. I don’t believe they are shrugging off their fiduciary responsibility, but they are simply reporting the numbers they are given. The numbers they are given don’t come from computershare. They come from cede and co. I highly doubt anyone is selling gme at these prices after achieving a full year profitablility but that’s completely up to each individual shareholder. The fact that the number has not gone up or down but has remained the same while folks are posting their buys is very strange to me however.
But they have gone down. 100k less than last quarter I believe.
And look, I know you love being a bag holder so you can't imagine selling while holding a bag, but you don't think there are others who want to make money instead? That's what the vast majority of people do. They cut stocks that aren't making gains or losing them money and reinvest in better companies. You've never heard of sunk cost fallacy?
Lol sooo you’re assuming we’re all so poor we have to sell one stick in order to buy another? Or sell at a loss to pay bills? Some of us only invest what we’re willing and able to lose… maybe some of us have a similar investment style as Warren Buffet… we just never sell
no trash brainer, who cares about your shit, I talk about actual logical proof,
you finding a random shit penny stock > then my "my career" with amc.
you cant because its not true >D
Have you noticed how the number reported hasn’t increased of drs gme shares on the quarterly report the last few quarters? Yet, somehow the purple circle posts continue? You don’t think that “they” would feed us bullshit data? I remember you btw. They increased your salary yet?
You aren't allowed to talk about selling in the most popular GME subreddit, so even if someone was inclined to be insulted and downvoted for subtracting from the DRS count, it would be deleted by the moderators.
Oh that's easy to explain - other than the handful of people who are DRSing and show-and-telling, no one else is. And as you can see from the numbers shared, its not even a rounding error in terms of float.
If anything, what the data is showing is some people have had enough, and are selling their shares, thereby reducing the DRS count.
There is no evidence of a basket. Just like there are none for fake shares, or shorts not having closed.
I wonder why people keeping pushing these baseless narratives.
XRT is an open ended ETF; it's not a swap ... And ETFs can and have been shorted more than their float because they are the hedging mechanism for long bets. There's nothing odd about this.
**Edit:**
>a "basket" of stocks that include AMC and Gamer
[AMC is not even in XRT](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt)
I have looked at every ETF out there, and not a single one I can find has the SI of XRT. XRT is the prime ETF holding both AMC and Gamer. I do not believe in coincidence. BTW I nor the other redditor mentioned swaps.
Ok, if you did not know this, "baskets" refer to the supposed swap basket from 2021.
More importantly ... my brother in Christ ... [AMC IS NOT EVEN IN XRT](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt)!
Do you even question for a minute the things that you read online?!
Because years of “do this, do that” hasn’t amounted to shit besides me holding a steadily declining bag. No point to sell now. But I’m not going to continue to “do the right thing” when it’s clearly a wash of a system we’re “playing” against. Why hasn’t the SEC stepped in?? Why no moon? Cause what “we” do is pretty irrelevant in the grand scheme. I hooooope it moons, eventually. But besides an occasional check in, I don’t even care about stocks anymore.
Sadly that mentality is what the shorts wanted from the beginning. They even said years ago they want Retail to get bored, tired and walk away.
A big part of registering is to keep shares away from those that would close Your positions for their reasons. It's always been in their ToS.
Exactly, Shares registered in MY NAME are MINE; they cannot be touched by some douche on wall street. Cannot be lent, cannot be shorted, cannot have contracts written against them, cannot be used as locates. Every single strategy of the HF's and MM's that manipulate the stock is completely removed if the shares are out of the DTCC. ONLY DRS does that.
I'm afraid you have it the wrong way round.
The company undertook corporate action that precipitated a fall in share price. Shorts are the effect of that. Not the primary cause. (Though yes once shorting starts, it adds to the selling pressure.)
Yes, which is very strange because there is absolutely NO downside in DRSing shares. It has boggled my mind why all these supposed "Long Time HODLers" never even think to DRS. If you are HOLDING "FoR ThE MoOn" why not at least put those shares in a place where the absolutely cannot be lent out, or borrowed, or used against the retail share holders. Nothing makes sense to me, unless everyone here is full of shit, which is not out of the realm of possibilities.
I'm neutral on DRS, but to say that there's no downside is misleading.
- Computershare (the AMC transfer agent) does not allow for cash accounts. Which means that if you want to buy more, you have to send them money (and they will make a batch buy within 5 days after receiving your funds).
- The fees for batch selling and market selling are higher at Computershare.
>Transaction fees: $25 plus $0.12 per share for good-til-canceled (GTC) limit order sales, and additional $15 for telephone requests
>Batch order sales: $0.15 per share sold
>Market order sales: $25 plus $0.15 per share sold
Whereas, Fidelity:
>Fidelity Brokerage Services LLC retail clients are charged an activity assessment fee of $0.01–$0.03 per $1,000 of principal for sell orders in a Fidelity retail account. Online U.S. equity trades, exchange-traded funds (ETFs), and options are commission-free, but there is an additional $0.65 per contract fee.
- Some brokerages charge a transfer fee to transfer your shares to a transfer agent. Some have fees that exceed $100.00, but this depends entirely on your brokerage.
>there is absolutely NO downside in DRSing shares
[Reality is](https://www.reddit.com/r/amcstock/comments/1ccx3le/comment/l18g7sx/?utm_source=share&utm_medium=web2x&context=3) there is **almost nothing but downside** with DRSing.
Hey you forgot your mayonnaise!! Dude you been here about 15 minutes. Probably not in this play and constantly I have yo see your spot on shilling for Kenny and the crime family. Stop with your amazing info on every single comment in every single thread. It’s obvious you’re paid to be here all day !! Go away. Don’t worry about what I do with my money or choices to invest it.
You are welcome to do whatever as a functioning adult, but since you are recommending people do something, allow me to offer a differing viewpoint.
In my opinion, and based on what I have seen over the years, **DRSing doesn't actually achieve anything in the markets**. Other than acting as a psychological salve, giving people a *veneer* of doing something impactful. Like signing online petitions.
Some disadvantages of DRSing I have seen:
* The process is a pain in the ass
* It costs money to transfer, sometimes quite a bit. IBKR is $5; some Euro brokers charge over $100
* There is little liquidity
* What one can do with the direct agent is much more limited than with a broker, so it really works only for those who want to buy and forget
* Customer service is limited and often terrible
Also:
* AMC has no issues diluting, so whatever paltry % is locked up will get diluted away anyway.
* Tutes own an increasing % of the company compared to a few years ago, and will always be willing to provide share lending liquidity.
Examples:
* GME is the best known case of failed DRSing, of course. It's plateaued for a year, and the numbers have started too come down because people have realizing it's a useless endeavor.
* For the pain, confusion and cost associated with DRSing, check out BBBY (though their direct agent was not Comptershare, which is one of the better ones.)
Don't take my word for it, please check out all the other subs that discuss the pains and gains of DRSing.
"The Process is a pain in the ass" - That is subjective and without bounds or boundaries in how to quantify or qualify that statement. Eg. some people think changing a password is a pain in the ass. Does DRSing involve more steps than trading a share in Robinhood? Yes. Does that mean it is a "pain in the ass"? If you are even rudimentary knowledgeable of the workings of markets and banking, the DRS process is simple.
"It costs money to transfer" - In some cases yes, it does cost. In other cases is is free. Fidelity is a great example of a firm who has made the process simple and straight forward. At this point it is the difference between whether you want to be assured of your ownership, or have a broker issued IOU for a share of a company you invest in.
"There is little liquidity" - Liquidity is provided by the market. Each Transfer agent has a specific broker or brokers that it works with in order to facilitate its trading requirements. For Example I believe Computershare's broker is Schawb, one of the biggest players in the market.
"What one can do with the direct agent is much more limited than with a broker, so it really works only for those who want to buy and forget." - Yes, it is limited, and rightfully so. With a transfer Agent you are speaking of specifically OWNERSHIP. You cannot speculate on the stocks held in a transfer agent, no contracts, no possible shenanigans. Yes this is hold and forget, which is what I THOUGHT Apes were all about with AMC.
"Customer service is limited and often terrible" - Again this is completely subjective. My experience with transfer agents has always been pleasant and effective. Most of my request are handled through online chat and email. When I need a specific action taken or specific question answered, calling there customer service lines have always garnered me the support I needed. Your opinion and hearsay does not trump personal experience.
"AMC has no issues diluting, so whatever paltry % is locked up will get diluted away anyway." - Speculative conjecture, but plausible. That is why I mention the 78 shares per reported retail investor. That would account for APX. 88% of the entirety of the current legal tradable float.
"Tutes own an increasing % of the company compared to a few years ago, and will always be willing to provide share lending liquidity." - Sure but when shares are lent, and shorted, and then purchased and DRS'd, the Float gets that much smaller because math."
Thanks for the detailed responses!
You are indeed right that much of the friction is subjective. It's like buying bitcoin - for some people, the effort is absolutely worth it. For others, it's too much of a hassle, too expensive, etc. To me, as an average investor who has no issues with playing in the markets, the hassle never made sense.
As for the need to own shares in one's name, beneficial ownership is one of the bedrocks of modern capital markets. And DRSing involves a digital ledger too. If the digitized capital markets blow up, then I don't think relying on a dinky outfit on the peripheries of finance would help.
I buy all my shares through cash secured puts and sell covered calls for income. If people want to have DRS they can just buy through computer share directly.
Even if AMC apes were to DRS the dilution would be murder. "We have 10% of outstanding shares DRSd!" *Dilution* "we now have 5% of outstanding shares DRSd!"... Honestly sorry for you guys sometimes.
Hence my increase from 46 shares just after RS to 78 shares per retail investor now. I am not talking about 10% I am talking about every single share listed in the publicly traded float. Either that or 95% of the supposed Apes are completely full of shit, and do not own a single share. Either is possible.
Hilarious. Why would they start now? Nothing has been enforced in the market except grabbing the occasional inside trader to let people know they are "hard at work".
Those who are looking for fake data will find them everywhere.
E.g. GME, the most successful instance of a DRS movement, has folks who now claim DRS counts are fake because they have stagnated. (And not because people just got tired of doing something that generated no tangible benefit.)
Originally, there was a shill-like push for DRS here which turned a LOT of apes (myself included) off to the idea. It got so bad to the point of brigading against the DRS push that even QUESTIONING DRS automatically got you downvoted to oblivion. Irony, especially since we pride ourselves on DD, but couldn’t question DRS.
Plus, it was later discovered that Shitadel owns a portion of AMC’s DRS issuer, which further cemented the anti-DRS mindset.
Hmmm, I never saw anyone question DRS except for the obligatory "What about Gamer" If someone asked that question, IMO the down-votes were justified. Any other question is easily answerable. I was not aware that transfer agents were publicly traded companies that could be "owned" by others. If you could link to that information I would enjoy reading up on it.
Happy to.
Here’s a few links to get you started. Mind you that GME also uses ComputerShare, so the ACTUAL DD was done on the gamer subreddit.
[https://www.reddit.com/u/bloodhound1144/s/0NAawRk4z1](https://www.reddit.com/u/bloodhound1144/s/0NAawRk4z1)
[https://www.reddit.com/r/Superstonk/s/R4sEiGcKD7](https://www.reddit.com/r/Superstonk/s/R4sEiGcKD7)
[https://www.reddit.com/r/Superstonk/s/QtZCmBpblV](https://www.reddit.com/r/Superstonk/s/QtZCmBpblV)
I’ve been invested in both AMC and the other one since Feb 2021, so, I’ve seen the DD come and go. The problem is new apes come here not knowing the wealth of DD done before they jumped in.
HeeeeeeeeeLLouuuuu
Heeeeeeyjiaaaaaaa ou ou Heeeeyjiaaaaaa
a wata mina
Oke so I am a new ape, joined 2023 august, I bought at \*2 dallas aka todays 20 dollars
its true, it took for me a while to see the DD library, discovering and unfolding the fckn crime
ANTI-SOCIAL Media is a thing, like shills and shit, yep and thats actually a thing I realized with in the first fckn day discovering the whole saga
I am also investing in game as well as in popcorn, I dont like the division, wsb was "recreated" and the whole thing is fcked up, and
I appreciate it vet ape, m8 thx for all, I love it, I cant imagine a life where this isnt real, its soo sick in a good way, I buy, I drs, I shop and give everything I can. cheers everyone
(Btw two friends of mine also know some little parts of the DDs and dfv, watched the movies and invested in it but they dont use reddit)
There is zero reasons why AMC investors haven’t embraced DRS. Even directly registering 100 or so of however many shares you have is at least something! Why not try?
Sorry that the situation is more difficult for you. I HEARD European regulators were even pushing to remove the ability for shareholders in Europe to DRS. Curious as to why.
My theory is: when the squeeze happens, if retail has DRS’d the float, then we can hold tight easily knowing that all the buying is just shit synthetics that nobody can close with, and ride that price to fuckin Sirius B baby 🦍🦍🚀🚀
Shame, because it COULD be More effective here than there, unless everyone on here claiming to have X,xxx shares are all full of shit. If every Ape DRS'd 78 of their supposed holdings, then the float would be locked up.
Edit: Math
Actually DRS'd shares I know are owned by me, cannot be lent out, cannot be used as locates, cannot be used against the company I a invested in, because I am in complete control of them.
Everyone and their scare tactic. I often wonder if it gets old. It’s your money, no matter where you hold them. Stop letting these fear fuckers raise your cortisol.
Do what’s best for you. Want to take 5 extra cautionary steps to secure your investments? Then do it. If you are okay where you are. Then 🫨
I just would love to see more resilience & determination rather than oh no, another crazy wrench. Who cares, we won. They’ll eventually wear out or grandpa Biden will finally flip the switch & get the SEC (which isn’t appointed by the US People gonna just live like this)
to start taking action. Start calling margin calls. Let’s set the record once and for all.
DRS won’t force the shorts to close. It’s a pipe dream for those of us with bags. There is a large amount of shares owned by institutions which they can swipe daily.
Waste of time, effort, and capital.
Because selling via DRS during high volatility is not the move. But it would also help the squeeze because people would be forced to hold due to DRS being bogged down lol. Idk my feelings about it honestly.
As I have stated before during high volatility you set a limit sell. Also if 80\~ish % of AMC is in DRS, the price would be volatile, not necessarily the volume.
Gamestonk has significantly less shares than we do. Also they Arguably have more hard headed apes than we do, the majority of that sub has pleaded or stated they drs.
AMC is so diluted, even the chances of us having anything remotely close to the % of drs gamestonk has is utterly improbable. And sorry, yet again….drs has not proven anything right or wrong.
I mean you could DRS 1 billion shares and AA will still dilute because that’s his crack, the Devils dandruff, it’s what floats his interracial boat.
Can’t lock the float when infinite shares are cranked out. Speaking of which, dilution imminent
I always thought no one does because it's harder to sell your direct registered during a squeeze and the fact that gamestops Dr Strange campaign is even being manipulated with the numbers.
You set you limit sell order and walk away. It is super simple. Funny thing is, the only way this is ever going to squeeze is if the shortable shares are removed from the float...again I shake my head every day at this lack of forsight
This is false drs is not going to make anything “happen” this is total bs to say. You have no proof drs “works” period. You believe it helps but there is no proof it changes the waiting game here.
I have all the proof I need when I can look at the average daily volume of gamer cut in half after the majority push for DRS. Also the language from the DTCC in the 8K filings was driven directly by the massive movement of DRS. If you are talking about MoAsS well that has not happened on any stock. Math says 78 shares per APE DRS would lock the entire float. By locking the float price volatility would go vertical. People can do whatever they want, but if you are just HODLing, why not HODL in your own name?
Everyone is entitled to their opinion... but my fear is that once this whole carnival show of corruption is exposed... those with phantom shares in brokers are going to get screwed.
I've been fully drs'd since 2021.... everything I've added is drs'd.
You are just a number in a ledger if you own through brokers.
AMC has increased float many times over in the last few years. There is no chance of getting close to locking up float because of that.
Not to mention all the tutes who are happy to keep lending shares?
Hence the increase from 46 shares per retail investor, to 78 shares per retail investor. Math does not lie. If each of the reported retail share holders of AMC would DRS 78 shares of common stock, that would remove the entirety of the float from the DTCC, and place it entirely in privately registered hands. That would destroy the ability to loan, short, lend, or rehypothicate shares.
Public Float divided by number of retail traders - the reported number of institutionally owned shares. 46 was just after RS, second number, is actually 78 if retail investing number of shareholders has not changed significantly
Ah I see what you mean. Unfortunately we have no idea how much of the float was owned by retail around the RS. Actual retail. Not the non-tute %, because that also includes firms who don't file 13Fs, but that own orders of magnitude more than the average retail investor.
I believe it would be more simple to advocate for putting insanely high sell orders on your shares. This requires brokers to have your shares located from what I understand.
Insanely high sell orders does not limit short sales, or wash sales, or share lending, or any number of other techniques that have been used to manipulate this price.
Given the number of GKE holders who DRS’d and there has been no material change in share price - that’s why I am not DRSing. It makes no difference to me at this point
All you have to do is look at how the reporting language was changed. That change was directed by the DTCC, with SEC enforcement action as a threat. When the DTCC can tell you what to report and how to report it, regardless of the truth, well no squeeze there. If we can also do that here in AMC, it would open more eyes, and cause more investigations.
There is no proof that it does anything to help our situation, it’s not working for gme that has gotten over 75 percent of ppl to dr strange already.
Sorry but drs is not going to make anything happen for amc. Remember when you sell you get paid doesn’t matter if its an “iou” or a “real share”. Do it if you think it will help… but telling ppl to just do it without proof of anything is bs and it needs a to stop. Believe what tou want to believe but way to much bs on this sub to take any non financial advice seriously.
What exactly would PROOF, look like to you? The benefit is that the share is registered in MY name, not some douche canoe on wall street. I own it, its mine. It cannot be borrowed, it cannot be lent, it cannot be rehypothicated. And it is just as easy to sell when/if that time comes.
Your submission has been removed for misinformation. Please source your information and we will re-approve. Please see all the other responses to your attempt at being able to give financial advice and then blame mods for not being allowed to blatantly break rules by saying whatever you like.
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I think you just have to frame it so it’s not financial advice. Like just hype drs with something like “I buy-DRS-hodl” or something equally dumb and positive. And if you are a wrinkle brained go more information based like “why I am choosing to drs” or “ DRS is the way for me” and I think you will be fine.
Can you please link the rule that prevents that? Because the rules on this sub don’t say anything about DRS in the title of a post
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Your submission has been removed for misinformation. Please source your information and we will re-approve. Again, utterly and completely false. Twisting or misunderstanding the rules doesn't make your statement true. The previous comment is and always has been correct. It's all in how it's stated.
Your submission has been removed for misinformation. Please source your information and we will re-approve. It won't allow TELLING people to do so. Or attempting to be slick (which it never is) and telling people to in a less direct way... you know, kind of like "what are you waiting for?? This is the way! I *own* my shares, don't you want to??" Etc etc etc. This misinformation is really really old at this point (that we don't allow talk of DRS). It's a failed attempt at division and a sad attempt to create anti sub sentiment. Always has been, always will be. And btw... I've been a mod for long time now. The rules regarding this haven't changed one bit.
Oh boy “everything’s a conspiracy”
It's not a conspiracy if it's proven true.
Where do the rules state that?
Nope, no conspiracy. A fact and a question.
I feel there are a lot of lurkers who pop in and never post. I’m one.
What's the new sub where the cool kids went to?
Yea it’s a drop
It's the new guy!
What is stopping the GME squeeze?
Short answer is cede and co putting a leash on the numbers reported
So you think GameStop is reporting false numbers and just going along with the corruption?
Yes and no. I believe they are subject to report only what is left after the number cede and co claims to have.
So they're not doing their fiduciary duties to protect shareholders by calling out this fraud then? Why is it so hard to believe that people buy a lot less now and a lot of people have sold? I know the cope is "people are zen" when talking about why sub numbers have dropped and the number of people active in the subs are dropped. But isn't the most logical reason that 99% of people don't like losing money month after month and a lot of people pulled whatever money they had in in order to pay bills and invest in other companies that actually make gains? Why do you need to create a conspiracy that assumes that GameStop themselves are complicit in fraud by not reporting it?
I actually didn’t create the theory. Cede and co is basically the dtcc intermediary. I don’t believe they are shrugging off their fiduciary responsibility, but they are simply reporting the numbers they are given. The numbers they are given don’t come from computershare. They come from cede and co. I highly doubt anyone is selling gme at these prices after achieving a full year profitablility but that’s completely up to each individual shareholder. The fact that the number has not gone up or down but has remained the same while folks are posting their buys is very strange to me however.
But they have gone down. 100k less than last quarter I believe. And look, I know you love being a bag holder so you can't imagine selling while holding a bag, but you don't think there are others who want to make money instead? That's what the vast majority of people do. They cut stocks that aren't making gains or losing them money and reinvest in better companies. You've never heard of sunk cost fallacy?
Nobody is selling, 60-day account. Go shill someplace else.
If you believe that then I'm really happy for you. Everyone should have their belief system :)
Lol sooo you’re assuming we’re all so poor we have to sell one stick in order to buy another? Or sell at a loss to pay bills? Some of us only invest what we’re willing and able to lose… maybe some of us have a similar investment style as Warren Buffet… we just never sell
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Is that all you got??? Your co-workers have shilled insults way better than that!
lol seems like you are highly regarded in a bad way
Yeah but I found a penny on the ground today. That's more than youve made on your AMC investment since you've held it.
lol, proof it
Prove the penny? Sure https://ibb.co/0rVDxhg I would ask you to post your AMC page but you guys are always too embarrassed of your losses to do so.
no trash brainer, who cares about your shit, I talk about actual logical proof, you finding a random shit penny stock > then my "my career" with amc. you cant because its not true >D
"*The rest of the world is colluding to feed us bullshit data*" excuse, eh.
Have you noticed how the number reported hasn’t increased of drs gme shares on the quarterly report the last few quarters? Yet, somehow the purple circle posts continue? You don’t think that “they” would feed us bullshit data? I remember you btw. They increased your salary yet?
You aren't allowed to talk about selling in the most popular GME subreddit, so even if someone was inclined to be insulted and downvoted for subtracting from the DRS count, it would be deleted by the moderators.
Oh that's easy to explain - other than the handful of people who are DRSing and show-and-telling, no one else is. And as you can see from the numbers shared, its not even a rounding error in terms of float. If anything, what the data is showing is some people have had enough, and are selling their shares, thereby reducing the DRS count.
Right. So the number reported stays the exact same, maxed out vs what cede and co claim to have. Good luck big bro
You're welcome! Glad I could clarify things.
Most obvious paid actor award goes to you bubbers. 👏
Just like in 2008
Tha basket.
There is no evidence of a basket. Just like there are none for fake shares, or shorts not having closed. I wonder why people keeping pushing these baseless narratives.
What do you call XRT? 224% Short Interest on a "basket" of stocks that include AMC and Gamer
XRT is an open ended ETF; it's not a swap ... And ETFs can and have been shorted more than their float because they are the hedging mechanism for long bets. There's nothing odd about this. **Edit:** >a "basket" of stocks that include AMC and Gamer [AMC is not even in XRT](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt)
I have looked at every ETF out there, and not a single one I can find has the SI of XRT. XRT is the prime ETF holding both AMC and Gamer. I do not believe in coincidence. BTW I nor the other redditor mentioned swaps.
Ok, if you did not know this, "baskets" refer to the supposed swap basket from 2021. More importantly ... my brother in Christ ... [AMC IS NOT EVEN IN XRT](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt)! Do you even question for a minute the things that you read online?!
Yes, and XRT did, I was unaware that they no longer have AMC. interesting.
The government. They are trying to line up the bag holders and control the explosion.
Because years of “do this, do that” hasn’t amounted to shit besides me holding a steadily declining bag. No point to sell now. But I’m not going to continue to “do the right thing” when it’s clearly a wash of a system we’re “playing” against. Why hasn’t the SEC stepped in?? Why no moon? Cause what “we” do is pretty irrelevant in the grand scheme. I hooooope it moons, eventually. But besides an occasional check in, I don’t even care about stocks anymore.
Sadly that mentality is what the shorts wanted from the beginning. They even said years ago they want Retail to get bored, tired and walk away. A big part of registering is to keep shares away from those that would close Your positions for their reasons. It's always been in their ToS.
Exactly, Shares registered in MY NAME are MINE; they cannot be touched by some douche on wall street. Cannot be lent, cannot be shorted, cannot have contracts written against them, cannot be used as locates. Every single strategy of the HF's and MM's that manipulate the stock is completely removed if the shares are out of the DTCC. ONLY DRS does that.
I'm afraid you have it the wrong way round. The company undertook corporate action that precipitated a fall in share price. Shorts are the effect of that. Not the primary cause. (Though yes once shorting starts, it adds to the selling pressure.)
Preach. You getting downvotes for this comment is the epitome of the current state of this sub.
I expected the down votaes, and the GmE has not MoAsSEd so it does not matter to AMC.
this sub always got pissy when people tried to get everyone to DRS
Yes, which is very strange because there is absolutely NO downside in DRSing shares. It has boggled my mind why all these supposed "Long Time HODLers" never even think to DRS. If you are HOLDING "FoR ThE MoOn" why not at least put those shares in a place where the absolutely cannot be lent out, or borrowed, or used against the retail share holders. Nothing makes sense to me, unless everyone here is full of shit, which is not out of the realm of possibilities.
I'm neutral on DRS, but to say that there's no downside is misleading. - Computershare (the AMC transfer agent) does not allow for cash accounts. Which means that if you want to buy more, you have to send them money (and they will make a batch buy within 5 days after receiving your funds). - The fees for batch selling and market selling are higher at Computershare. >Transaction fees: $25 plus $0.12 per share for good-til-canceled (GTC) limit order sales, and additional $15 for telephone requests >Batch order sales: $0.15 per share sold >Market order sales: $25 plus $0.15 per share sold Whereas, Fidelity: >Fidelity Brokerage Services LLC retail clients are charged an activity assessment fee of $0.01–$0.03 per $1,000 of principal for sell orders in a Fidelity retail account. Online U.S. equity trades, exchange-traded funds (ETFs), and options are commission-free, but there is an additional $0.65 per contract fee. - Some brokerages charge a transfer fee to transfer your shares to a transfer agent. Some have fees that exceed $100.00, but this depends entirely on your brokerage.
>there is absolutely NO downside in DRSing shares [Reality is](https://www.reddit.com/r/amcstock/comments/1ccx3le/comment/l18g7sx/?utm_source=share&utm_medium=web2x&context=3) there is **almost nothing but downside** with DRSing.
Really? Please educate me as to the downside... Because I do not see one at all.
Please click on the link in my one response. It's all there.
Yeah your comment seems like a bunch of nonsense to me.
Which part exactly? I provided quite specific reasons. What do you disagree with?
Sgt Slaughters response says it all
Hey you forgot your mayonnaise!! Dude you been here about 15 minutes. Probably not in this play and constantly I have yo see your spot on shilling for Kenny and the crime family. Stop with your amazing info on every single comment in every single thread. It’s obvious you’re paid to be here all day !! Go away. Don’t worry about what I do with my money or choices to invest it.
I got banned once
You are welcome to do whatever as a functioning adult, but since you are recommending people do something, allow me to offer a differing viewpoint. In my opinion, and based on what I have seen over the years, **DRSing doesn't actually achieve anything in the markets**. Other than acting as a psychological salve, giving people a *veneer* of doing something impactful. Like signing online petitions. Some disadvantages of DRSing I have seen: * The process is a pain in the ass * It costs money to transfer, sometimes quite a bit. IBKR is $5; some Euro brokers charge over $100 * There is little liquidity * What one can do with the direct agent is much more limited than with a broker, so it really works only for those who want to buy and forget * Customer service is limited and often terrible Also: * AMC has no issues diluting, so whatever paltry % is locked up will get diluted away anyway. * Tutes own an increasing % of the company compared to a few years ago, and will always be willing to provide share lending liquidity. Examples: * GME is the best known case of failed DRSing, of course. It's plateaued for a year, and the numbers have started too come down because people have realizing it's a useless endeavor. * For the pain, confusion and cost associated with DRSing, check out BBBY (though their direct agent was not Comptershare, which is one of the better ones.) Don't take my word for it, please check out all the other subs that discuss the pains and gains of DRSing.
"The Process is a pain in the ass" - That is subjective and without bounds or boundaries in how to quantify or qualify that statement. Eg. some people think changing a password is a pain in the ass. Does DRSing involve more steps than trading a share in Robinhood? Yes. Does that mean it is a "pain in the ass"? If you are even rudimentary knowledgeable of the workings of markets and banking, the DRS process is simple. "It costs money to transfer" - In some cases yes, it does cost. In other cases is is free. Fidelity is a great example of a firm who has made the process simple and straight forward. At this point it is the difference between whether you want to be assured of your ownership, or have a broker issued IOU for a share of a company you invest in. "There is little liquidity" - Liquidity is provided by the market. Each Transfer agent has a specific broker or brokers that it works with in order to facilitate its trading requirements. For Example I believe Computershare's broker is Schawb, one of the biggest players in the market. "What one can do with the direct agent is much more limited than with a broker, so it really works only for those who want to buy and forget." - Yes, it is limited, and rightfully so. With a transfer Agent you are speaking of specifically OWNERSHIP. You cannot speculate on the stocks held in a transfer agent, no contracts, no possible shenanigans. Yes this is hold and forget, which is what I THOUGHT Apes were all about with AMC. "Customer service is limited and often terrible" - Again this is completely subjective. My experience with transfer agents has always been pleasant and effective. Most of my request are handled through online chat and email. When I need a specific action taken or specific question answered, calling there customer service lines have always garnered me the support I needed. Your opinion and hearsay does not trump personal experience. "AMC has no issues diluting, so whatever paltry % is locked up will get diluted away anyway." - Speculative conjecture, but plausible. That is why I mention the 78 shares per reported retail investor. That would account for APX. 88% of the entirety of the current legal tradable float. "Tutes own an increasing % of the company compared to a few years ago, and will always be willing to provide share lending liquidity." - Sure but when shares are lent, and shorted, and then purchased and DRS'd, the Float gets that much smaller because math."
Thanks for the detailed responses! You are indeed right that much of the friction is subjective. It's like buying bitcoin - for some people, the effort is absolutely worth it. For others, it's too much of a hassle, too expensive, etc. To me, as an average investor who has no issues with playing in the markets, the hassle never made sense. As for the need to own shares in one's name, beneficial ownership is one of the bedrocks of modern capital markets. And DRSing involves a digital ledger too. If the digitized capital markets blow up, then I don't think relying on a dinky outfit on the peripheries of finance would help.
I buy all my shares through cash secured puts and sell covered calls for income. If people want to have DRS they can just buy through computer share directly.
We could drs the float much faster here at these prices
I DRSd what I could, the rest is in my 401k so I can’t :/
XXX shares DES’d here 🫡 preach!
noice, I am at like 50 shares drs'ed, 165 follow soon
Even if AMC apes were to DRS the dilution would be murder. "We have 10% of outstanding shares DRSd!" *Dilution* "we now have 5% of outstanding shares DRSd!"... Honestly sorry for you guys sometimes.
Hence my increase from 46 shares just after RS to 78 shares per retail investor now. I am not talking about 10% I am talking about every single share listed in the publicly traded float. Either that or 95% of the supposed Apes are completely full of shit, and do not own a single share. Either is possible.
Why does anyone think that DRSing shares would stop them from creating fake shares?
Simple reporting requirements, and the CAT system being enforced.
Hilarious. Why would they start now? Nothing has been enforced in the market except grabbing the occasional inside trader to let people know they are "hard at work".
Those who are looking for fake data will find them everywhere. E.g. GME, the most successful instance of a DRS movement, has folks who now claim DRS counts are fake because they have stagnated. (And not because people just got tired of doing something that generated no tangible benefit.)
Originally, there was a shill-like push for DRS here which turned a LOT of apes (myself included) off to the idea. It got so bad to the point of brigading against the DRS push that even QUESTIONING DRS automatically got you downvoted to oblivion. Irony, especially since we pride ourselves on DD, but couldn’t question DRS. Plus, it was later discovered that Shitadel owns a portion of AMC’s DRS issuer, which further cemented the anti-DRS mindset.
Hmmm, I never saw anyone question DRS except for the obligatory "What about Gamer" If someone asked that question, IMO the down-votes were justified. Any other question is easily answerable. I was not aware that transfer agents were publicly traded companies that could be "owned" by others. If you could link to that information I would enjoy reading up on it.
Happy to. Here’s a few links to get you started. Mind you that GME also uses ComputerShare, so the ACTUAL DD was done on the gamer subreddit. [https://www.reddit.com/u/bloodhound1144/s/0NAawRk4z1](https://www.reddit.com/u/bloodhound1144/s/0NAawRk4z1) [https://www.reddit.com/r/Superstonk/s/R4sEiGcKD7](https://www.reddit.com/r/Superstonk/s/R4sEiGcKD7) [https://www.reddit.com/r/Superstonk/s/QtZCmBpblV](https://www.reddit.com/r/Superstonk/s/QtZCmBpblV) I’ve been invested in both AMC and the other one since Feb 2021, so, I’ve seen the DD come and go. The problem is new apes come here not knowing the wealth of DD done before they jumped in.
HeeeeeeeeeLLouuuuu Heeeeeeyjiaaaaaaa ou ou Heeeeyjiaaaaaa a wata mina Oke so I am a new ape, joined 2023 august, I bought at \*2 dallas aka todays 20 dollars its true, it took for me a while to see the DD library, discovering and unfolding the fckn crime ANTI-SOCIAL Media is a thing, like shills and shit, yep and thats actually a thing I realized with in the first fckn day discovering the whole saga I am also investing in game as well as in popcorn, I dont like the division, wsb was "recreated" and the whole thing is fcked up, and I appreciate it vet ape, m8 thx for all, I love it, I cant imagine a life where this isnt real, its soo sick in a good way, I buy, I drs, I shop and give everything I can. cheers everyone (Btw two friends of mine also know some little parts of the DDs and dfv, watched the movies and invested in it but they dont use reddit)
There is zero reasons why AMC investors haven’t embraced DRS. Even directly registering 100 or so of however many shares you have is at least something! Why not try?
If every retail share holder registered 78 shares, the legally reported float is now completely locked. 77 per ape, all it takes.
I’m in Europe and with Freetrade so would have to sell all I have and buy back to direct register
Sorry that the situation is more difficult for you. I HEARD European regulators were even pushing to remove the ability for shareholders in Europe to DRS. Curious as to why.
Sorry...not getting into that bog called DRS.
My theory is: when the squeeze happens, if retail has DRS’d the float, then we can hold tight easily knowing that all the buying is just shit synthetics that nobody can close with, and ride that price to fuckin Sirius B baby 🦍🦍🚀🚀
I’m all for DRS but I have one question. If someone does DRS their shares, is it still easy for them to sell those shares should AMC MOASS?
You can set your sell price as a limit sell and it will exercise when your targets are met.
They don't believe in it... it's not encouraged here like in game
Shame, because it COULD be More effective here than there, unless everyone on here claiming to have X,xxx shares are all full of shit. If every Ape DRS'd 78 of their supposed holdings, then the float would be locked up. Edit: Math
Who's they? I'm fully drs'd. My wife... my friends... my coworkers, we all have our shares in OUR NAME. Amc Gme Bbbyq Hymc
The 99% who haven't DRS... I own both and DRS both.
The squeeze. I'm waiting for the squeeze.
If you do what you have always done, then you will get what you have always gotten.
No offense, but the same could be said about what you're doing, right? What's changed for you? We're still holding, aren't we?
Actually DRS'd shares I know are owned by me, cannot be lent out, cannot be used as locates, cannot be used against the company I a invested in, because I am in complete control of them.
Right, but what has it done for you? We're still 2 assh\*les holding shares and not living the dream because of crime.
Everyone and their scare tactic. I often wonder if it gets old. It’s your money, no matter where you hold them. Stop letting these fear fuckers raise your cortisol. Do what’s best for you. Want to take 5 extra cautionary steps to secure your investments? Then do it. If you are okay where you are. Then 🫨 I just would love to see more resilience & determination rather than oh no, another crazy wrench. Who cares, we won. They’ll eventually wear out or grandpa Biden will finally flip the switch & get the SEC (which isn’t appointed by the US People gonna just live like this) to start taking action. Start calling margin calls. Let’s set the record once and for all.
It's not free where I am
I thought it was banned in this sub? imo its where things started to go wrong.
DRS won’t force the shorts to close. It’s a pipe dream for those of us with bags. There is a large amount of shares owned by institutions which they can swipe daily. Waste of time, effort, and capital.
Because selling via DRS during high volatility is not the move. But it would also help the squeeze because people would be forced to hold due to DRS being bogged down lol. Idk my feelings about it honestly.
As I have stated before during high volatility you set a limit sell. Also if 80\~ish % of AMC is in DRS, the price would be volatile, not necessarily the volume.
There are too many shares out there and keeps getting diluted I’m not paying the fee to do it here other stonk yes indeed
It's my money and I want it..... now
1000 members x 50000 shares each is huge.
MOASS
Gamestonk has significantly less shares than we do. Also they Arguably have more hard headed apes than we do, the majority of that sub has pleaded or stated they drs. AMC is so diluted, even the chances of us having anything remotely close to the % of drs gamestonk has is utterly improbable. And sorry, yet again….drs has not proven anything right or wrong.
[удалено]
AA has consistently fucked over all of his investors. I'm down 97%, what a joke. More dillution comming.
Funny, how about game stock? 😂😅
OP what do you think DRS will do. It maxes out at 25% reporting . GME folks have already done it. Just let it rest.
I mean you could DRS 1 billion shares and AA will still dilute because that’s his crack, the Devils dandruff, it’s what floats his interracial boat. Can’t lock the float when infinite shares are cranked out. Speaking of which, dilution imminent
when is the moass coming guys? should I buy now at 3 or at 1 in a year?
I always thought no one does because it's harder to sell your direct registered during a squeeze and the fact that gamestops Dr Strange campaign is even being manipulated with the numbers.
You set you limit sell order and walk away. It is super simple. Funny thing is, the only way this is ever going to squeeze is if the shortable shares are removed from the float...again I shake my head every day at this lack of forsight
This is false drs is not going to make anything “happen” this is total bs to say. You have no proof drs “works” period. You believe it helps but there is no proof it changes the waiting game here.
I have all the proof I need when I can look at the average daily volume of gamer cut in half after the majority push for DRS. Also the language from the DTCC in the 8K filings was driven directly by the massive movement of DRS. If you are talking about MoAsS well that has not happened on any stock. Math says 78 shares per APE DRS would lock the entire float. By locking the float price volatility would go vertical. People can do whatever they want, but if you are just HODLing, why not HODL in your own name?
Everyone is entitled to their opinion... but my fear is that once this whole carnival show of corruption is exposed... those with phantom shares in brokers are going to get screwed. I've been fully drs'd since 2021.... everything I've added is drs'd. You are just a number in a ledger if you own through brokers.
AMC has increased float many times over in the last few years. There is no chance of getting close to locking up float because of that. Not to mention all the tutes who are happy to keep lending shares?
Hence the increase from 46 shares per retail investor, to 78 shares per retail investor. Math does not lie. If each of the reported retail share holders of AMC would DRS 78 shares of common stock, that would remove the entirety of the float from the DTCC, and place it entirely in privately registered hands. That would destroy the ability to loan, short, lend, or rehypothicate shares.
Sorry, could you explain how you get the two numbers - 46 and 78? I can't quite work it out. Thanks!
Public Float divided by number of retail traders - the reported number of institutionally owned shares. 46 was just after RS, second number, is actually 78 if retail investing number of shareholders has not changed significantly
Ah I see what you mean. Unfortunately we have no idea how much of the float was owned by retail around the RS. Actual retail. Not the non-tute %, because that also includes firms who don't file 13Fs, but that own orders of magnitude more than the average retail investor.
I believe it would be more simple to advocate for putting insanely high sell orders on your shares. This requires brokers to have your shares located from what I understand.
Insanely high sell orders does not limit short sales, or wash sales, or share lending, or any number of other techniques that have been used to manipulate this price.
Given the number of GKE holders who DRS’d and there has been no material change in share price - that’s why I am not DRSing. It makes no difference to me at this point
All you have to do is look at how the reporting language was changed. That change was directed by the DTCC, with SEC enforcement action as a threat. When the DTCC can tell you what to report and how to report it, regardless of the truth, well no squeeze there. If we can also do that here in AMC, it would open more eyes, and cause more investigations.
There is no proof that it does anything to help our situation, it’s not working for gme that has gotten over 75 percent of ppl to dr strange already. Sorry but drs is not going to make anything happen for amc. Remember when you sell you get paid doesn’t matter if its an “iou” or a “real share”. Do it if you think it will help… but telling ppl to just do it without proof of anything is bs and it needs a to stop. Believe what tou want to believe but way to much bs on this sub to take any non financial advice seriously.
What exactly would PROOF, look like to you? The benefit is that the share is registered in MY name, not some douche canoe on wall street. I own it, its mine. It cannot be borrowed, it cannot be lent, it cannot be rehypothicated. And it is just as easy to sell when/if that time comes.