8/11/2023 GameStop (GME) Estimated DRS count: 77,042,333 (or 75,771,767 when -1.2 million Mainstar shares)
8/11/2023 GameStop (GME) Estimated DRS count: 77,042,333 (or 75,771,767 when -1.2 million Mainstar shares)
8/11/2023 Estimated DRS count: 77,042,333 (using DRSbot total x 4.272)
8/11/2023 Minus 1.2m Mainstar: 75,771,767
The 4.272 multiplier comes from 6/1/2023 Form 10-Q divided by DRSbot 6/1/2023 total: 76,600,000 / 17,928,960 = 4.272
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So it's basically stopped. That's a real shame. However Cohen never explained the change in DRS and has yet to really speak up on anything. 2 years of cryptic clues and not anything concrete for the shareholders.
I was confident in game but as time goes on I'm less and less. Very little of the dollar end game has happened. Inflation is slowing. Evergrande has been in free fall since almost the start of the game saga.
I buy less and less gme these days because I don't see it working out. Others are clearly the same as Drs has dropped off a cliff.
There probably still is "something funny" going on. There is still the unexplained weird jumps up/down in DRS numbers since we first started:
I think we're still chipping away the last 2 quarters and this coming quarter. Without some whales adding a large chunk this quarter, it looks like averaging around 6,150 DRS a day.
And we had the Mainstar rug pull. Odd timing on that.
And many ETFs containing GME still getting smashed into the dirt with piles of FTDs.
Oh I don't doubt that there is pure fuckery about. I just don't see how slowly accumulating Drs at less than a mil a year stops the hedgies cheating at the system.
True. There's an awful lot of attacks on gme. However what will hurt the hedgies. Cause the short squeeze. That's important
There is normal fatigue given there is no major news. Retail has finite money, and naturally we are going to see less and less DRS numbers. I agree DRS is one of the very few things Retail can and should do. We need to be patients and see how this play ends.
I am quite happy with Cohen's silence but after the latest and unexpected changes, especially the CEO replacement, I would expect some more feedback from them.
No question, Market is completely rigged and controlled by a few and that can be seen by the erratic movements that repeatedly occur in trading. But I am starting to suspect that none really knows exactly what's happening behind the scenes. I wouldn't be much surprised if Algo's took over control.
They could be running right now. Nobody would know. System is running as it was designed.
Yeah I think there should be statements to the shareholders. The ones who have kept the company going. They don't need to tell the world their strategy but a bit of a heads up would do wonders for the morale
Bought more GME after reading this
Good. More gme bought. Hopefully better turn around
shills found their way here
In what way is that shill ?
Remind me again what a shill is ?
Look, I never bought the premise that 'only 100% of shares locked by DRS will trigger MOASS', which seems to be something everybody is thinking. This was just something that has been 'accepted' as a prerequisite for moass by the (perceived) majority, but in my opinion this whole thing will eventually blow up either way.
DRS is still important, because imo it does tighten the noose, and also I want to get paid when it's time and not be at the mercy of a broker.
No one really knows what % is going to trigger anything. Common sense would assume 100% is the limit but afaik it never happens before. I want to believe that much before it reaches 100% something will happens but I am prepared for all kind of fuckery. Don't forget curruption is spread like an octopus across a vast spectrum of entities.
True. DRS was a new movement. It was speculated after the split. It shouldn't need to get to 100% to get moass. However it would be useful as a good tool to point out to the world that fuckery existed. If computer share Ryan Cohen or anyone else could point at 100% ownership and yer shares will still magically appearing out of thin air.
DRS is a great concept and fuck the brokers. But what's your idea for moass. Why will it just happen? Without a catalyst
I have no clue. I'm too smooth-brained to have an idea for moass. What I know though is that I am very comfortable with my investment in Gamestop, and couldn't sleep better knowing my shares are mine, given that the whole house of cards is going to collapse soon.
Why do you think collapse ?
I had assumed collapse for last 10 years but here we are. They can keep kicking the can and hiding their cash. We know China is lying about their GDP and yet they are continuing with all their projects.
Money is just made up and if you are a country and big enough you can just fudge numbers. Look at Pentagon losing trillions. It's just gut wrenching with this much money while normal people struggle day to day.
kinda sounds like you're whining. Nothing personal. Buy, hodl, and DRS is not for the faint of heart. If you think everything is hopeless, and there is no point to anything, then there is probably no point in your commenting to that affect.
Or. I can do whatever the fuck I want. Which is what I will do. I have invested in the company. I and all shareholder's should be critical of what boards do with their money.
So nah don't think I'll just shut up and wait. Watch companies go under as the board get rich off their backs
So you're an ape, and you DRS, but you don't see how DRS is going to do anything? is that it?
DRS gives you the full ownership of you shares. It takes it from street name to your name. This applies to any stock. In theory it removes the shares from being available for Shorts.
It's not stopped obviously. Apes, including me, continue to DRS. The numbers froze on gme.crazyawesomecompany.com at 60.19% because they can't publicly contradict the bullshit official fraud numbers of DTCC without risking a lawsuit.
It's not stopped but it has dropped to a trickle. Which is why I'm hoping to hear from Cohen.
It's because there are very few new users joining superstonk. Another way to look at it, there are very few new people learning about Gamestop and DRS. When Gamestop first caught fire on wsb there were 4-5 million members of that subreddit. Then it shifted to a sub that has 890k members, superstonk. Then there was a brief shift to the drsyourgme subreddit, but that was banned / censored, which had about 10-15k members. Now this lemmy has started, off reddit, outside of the censorship, there's a much better chance of introducing new people to Gamestop. Alternatively, and what I think is the best way, is to tell your friends and family! The total DRS count is 76 million. If everyone gets 1 person they know to DRS, the floats locked up. We're all armed with all the information we need.
This will be set off by happenings. By actions by those with pull. Something is being setup. It's way bigger than we are imagining. A lot of people involved that we don't know about. This is way bigger than the stock market. It's bigger than the financial world. I think this will literally change the way the masses think. I don't know what it is, I just hope they do the right thing (I really think they will). But man, we are along for the ride now. Just look at what's happening out here. You can feel it building, some sort of awareness or awakening. Something big is up...
Absolutely will not be telling me friends and family.
But I know this. That doesn't change the fact that DRS isn't going to hit 100%. At its current speed it's barely going to hit 100.
That's fine it hopefully puts stress on hedge's but what I think gme and Cohen should be doing is talking to his shareholders.
It's been silence since they removed top brass. That's not a good sign. Keep those that kept the business going in the loop.