2/23/2024 Estimated DRS count: 76,100,046 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), 12/31/2023 Blackrock addition, 12/29/2023 Vanguard addition, DRS estimated count, stuck in IRA estimates, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |Former Insiders (Other)|14,339,510|12/9/2023| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|36,902,186|2/13/2024| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|76,100,046|2/23/2024| |Non-DRS - 200k acct if 30% stuck in IRA|22,830,014|2/23/2024| |Non-DRS - 200k acct if 50% stuck in IRA|15,220,009|2/23/2024| |Other|41,413,535|2/23/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• Vanguard increased shares by 785,823 on 12/29/2023 (2/13/2024 file date). From 24,664,433 to 25,450,256.
• Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Unfortunately, Computershare only allows one gift per month, and only up to $2000.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

---

Additional data #1:

2/23/2024 Top 50 holders from recent reddit activity:

• Using sample of 653 data points (2,458,580 DRS'd shares)
• Top 50 holders are 2,074,285 of the 2,458,580 DRS'd shares

|Position|Number of shares| |:-|:-| |1|1,390,972| |2|70,800| |3|58,769| |4|46,518| |5|42,004| |6|38,008| |7|31,150| |8|30,701| |9|29,369| |10|22,187| |11|21,568| |12|20,000| |13|18,705| |14|14,507| |15|14,224| |16|14,220| |17|11,900| |18|10,522| |19|10,101| |20|10,085| |21|9,583| |22|9,551| |23|9,544| |24|8,500| |25|8,311| |26|8,000| |27|6,695| |28|5,860| |29|5,600| |30|5,503| |31|5,400| |32|5,362| |33|5,339| |34|5,266| |35|5,256| |36|5,213| |37|5,069| |38|4,788| |39|4,485| |40|4,420| |41|4,380| |42|4,258| |43|4,221| |44|4,216| |45|4,200| |46|3,872| |47|3,799| |48|3,772| |49|3,763| |50|3,749|

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

|Position|Who|Number of shares| |:-|:-|:-| |1|Cede & Co|228,451,023.9| |2||1,200,009| |3||203,868.0026| |4||160,000| |5||146,896| |6||128,000| |7||109,812| |8||108,000| |9||108,000| |10|GameStop Omnibus Account|78,012| |11||72,000| |12||66,000| |13||65,329| |14||61,536| |15||60,140| |16||60,000| |17||60,000| |18||58,000| |19||57,884| |20||57,065.16734| |21||55,840| |22||55,479.32866| |23||53,000.09312| |24||51,600| |25||50,810.5893|

2/23/2024 Insider share count via SEC Form 4 filings:

|Who|Number of shares|As of| |:-|:-|:-| |Ryan Cohen|36,847,842|6/9/2023| |Patel Nir Vinay|1,004,695|7/10/2023| |Alain Attal|562,464|9/8/2023| |Mark Robinson|68,687|1/2/2024| |Lawrence Cheng|55,088|9/8/2023| |James Grube|23,864|6/15/2023| |Daniel Moore|22,963|1/2/2024| |Xu Yang|19,860|6/15/2023|

Additional data #2:

Number of Computershare accounts:

|Date|Number of Computershare accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx| |12/10/2023|218,xxx| |1/4/2024|218,4xx|

Number of record holders:

|Date|Source|Number of record holders| |:-|:-|:-| |3/11/2022|Form 10-K|125,543| |3/22/2023|Form 10-K|197,058| |4/21/2023|List of stockholders|197,954|

GME Volume last 2 years:

|Year|Volume| |:-|:-| |2022|2,825,293,700| |2023|1,167,878,465|

20 lowest volume days (as of 2/22/2024):

|Rank|Date|Volume|Closing price| |:-|:-|:-|:-| |1|8/3/2023|1,318,700 |$20.93| |2|8/8/2023|1,431,300|$20.74| |3|8/10/2023|1,432,400|$20.19| |4|8/7/2023|1,441,300|$21.07| |5|7/26/2023|1,489,200|$22.70| |6|8/11/2023|1,500,200|$20.19| |7|5/9/2023|1,522,700|$20.24| |8|5/11/2023|1,652,500|$20.88| |9|1/30/2024|1,652,600|$14.55| |10|7/25/2023|1,672,000|$22.85| |11|9/27/2023|1,681,300|$17.15| |12|11/8/2023|1,705,600|$13.28| |13|2/21/2024|1,731,300|$13.41| |14|7/12/2023|1,742,200|$23.44| |15|4/13/2023|1,803,900|$22.55| |16|7/3/2023|1,806,600|$24.91| |17|2/22/2024|1,810,000|$13.36| |18|10/13/2023|1,820,565|$14.90| |19|2/8/2024|1,838,300|$14.35| |20|8/30/2023|1,884,500|$18.37|

2/16/2024 Estimated DRS count: 76,034,912 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), 12/31/2023 Blackrock addition, 12/29/2023 Vanguard addition, DRS estimated count, stuck in IRA estimates, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |Former Insiders (Other)|14,339,510|12/9/2023| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|36,902,186|2/13/2024| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|76,034,912|2/16/2024| |Non-DRS - 200k acct if 30% stuck in IRA|22,810,474|2/16/2024| |Non-DRS - 200k acct if 50% stuck in IRA|15,206,982|2/16/2024| |Other|41,511,236|2/16/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• Vanguard increased shares by 785,823 on 12/29/2023 (2/13/2024 file date). From 24,664,433 to 25,450,256.
• Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Unfortunately, Computershare only allows one gift per month, and only up to $2000.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

---

Additional data:

Number of Computershare accounts:

|Date|Number of Computershare accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx| |12/10/2023|218,xxx| |1/4/2024|218,4xx|

Number of record holders:

|Date|Source|Number of record holders| |:-|:-|:-| |3/11/2022|Form 10-K|125,543| |3/22/2023|Form 10-K|197,058| |4/21/2023|List of stockholders|197,954|

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

|Position|Who|Number of shares| |:-|:-|:-| |1|Cede & Co|228,451,023.9| |2||1,200,009| |3||203,868.0026| |4||160,000| |5||146,896| |6||128,000| |7||109,812| |8||108,000| |9||108,000| |10|GameStop Omnibus Account|78,012| |11||72,000| |12||66,000| |13||65,329| |14||61,536| |15||60,140| |16||60,000| |17||60,000| |18||58,000| |19||57,884| |20||57,065.16734| |21||55,840| |22||55,479.32866| |23||53,000.09312| |24||51,600| |25||50,810.5893|

2/7/2024 Insider share count via SEC Form 4 filings:

|Who|Number of shares|As of| |:-|:-|:-| |Ryan Cohen|36,847,842|6/9/2023| |Patel Nir Vinay|1,004,695|7/10/2023| |Alain Attal|562,464|9/8/2023| |Mark Robinson|68,687|1/2/2024| |Lawrence Cheng|55,088|9/8/2023| |James Grube|23,864|6/15/2023| |Daniel Moore|22,963|1/2/2024| |Xu Yang|19,860|6/15/2023|

GME Volume last 2 years:

|Year|Volume| |:-|:-| |2022|2,825,293,700| |2023|1,167,878,465|

15 lowest volume days (to 2/15/2024):

|Rank|Date|Volume|Closing price| |:-|:-|:-|:-| |1|8/3/2023|1,318,700 |$20.93| |2|8/8/2023|1,431,300|$20.74| |3|8/10/2023|1,432,400|$20.19| |4|8/7/2023|1,441,300|$21.07| |5|7/26/2023|1,489,200|$22.70| |6|8/11/2023|1,500,200|$20.19| |7|5/9/2023|1,522,700|$20.24| |8|5/11/2023|1,652,500|$20.88| |9|1/30/2024|1,652,600|$14.55| |10|7/25/2023|1,672,000|$22.85| |11|9/27/2023|1,681,300|$17.15| |12|11/8/2023|1,705,600|$13.28| |13|7/12/2023|1,742,200|$23.44| |14|4/13/2023|1,803,900|$22.55| |15|7/3/2023|1,806,600|$24.91|

Tried a few times uploading different images around 11:55 a.m. central time. Response:

Request error: error sending request for url (http://pictrs:8080/image): operation timed out

2/2/2024 Estimated DRS count: 75,964,491 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 1/26/2024), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |Former Insiders (Other)|14,339,510|12/9/2023| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|36,116,363|1/26/2024| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,964,491|2/2/2024| |Non-DRS - 200k acct if 30% stuck in IRA|22,789,347|2/2/2024| |Non-DRS - 200k acct if 50% stuck in IRA|15,192,898|2/2/2024| |Other|42,402,691|2/2/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

---

Additional data:

Number of Computershare accounts:

|Date|Number of Computershare accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx| |12/10/2023|218,xxx| |1/4/2024|218,4xx|

Number of record holders:

|Date|Source|Number of record holders| |:-|:-|:-| |3/11/2022|Form 10-K|125,543| |3/22/2023|Form 10-K|197,058| |4/21/2023|List of stockholders|197,954|

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

|Position|Who|Amount| |:-|:-|:-| |1|Cede & Co|228,451,023.9| |2||1,200,009| |3||203,868.0026| |4||160,000| |5||146,896| |6||128,000| |7||109,812| |8||108,000| |9||108,000| |10|GameStop Omnibus Account|78,012| |11||72,000| |12||66,000| |13||65,329| |14||61,536| |15||60,140| |16||60,000| |17||60,000| |18||58,000| |19||57,884| |20||57,065.16734| |21||55,840| |22||55,479.32866| |23||53,000.09312| |24||51,600| |25||50,810.5893|

GME Volume last 2 years:

|Year|Volume| |:-|:-| |2022|2,825,293,700| |2023|1,167,878,465|

15 lowest volume days (to 2/1/2024):

|Rank|Date|Volume|Closing price| |:-|:-|:-|:-| |1|8/3/2023|1,318,700 |$20.93| |2|8/8/2023|1,431,300|$20.74| |3|8/10/2023|1,432,400|$20.19| |4|8/7/2023|1,441,300|$21.07| |5|7/26/2023|1,489,200|$22.70| |6|8/11/2023|1,500,200|$20.19| |7|5/9/2023|1,522,700|$20.24| |8|5/11/2023|1,652,500|$20.88| |9|1/30/2024|1,652,600|$14.55| |10|7/25/2023|1,672,000|$22.85| |11|9/27/2023|1,681,300|$17.15| |12|11/8/2023|1,705,600|$13.28| |13|7/12/2023|1,742,200|$23.44| |14|4/13/2023|1,803,900|$22.55| |15|7/3/2023|1,806,600|$24.91|

1/26/2024 Estimated DRS count: 75,903,035 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 1/26/2024), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |Former Insiders (Other)|14,339,510|12/9/2023| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|36,116,363|1/26/2024| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,903,035|1/26/2024| |Non-DRS - 200k acct if 30% stuck in IRA|22,770,911|1/26/2024| |Non-DRS - 200k acct if 50% stuck in IRA|15,180,607|1/26/2024| |Other|42,494,874|1/26/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

---

Additional data:

Number of Computershare accounts:

|Date|Number of Computershare accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx| |12/10/2023|218,xxx| |1/4/2024|218,4xx|

Number of record holders:

|Date|Source|Number of record holders| |:-|:-|:-| |3/11/2022|Form 10-K|125,543| |3/22/2023|Form 10-K|197,058| |4/21/2023|List of stockholders|197,954|

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

|Position|Who|Amount| |:-|:-|:-| |1|Cede & Co|228,451,023.9| |2||1,200,009| |3||203,868.0026| |4||160,000| |5||146,896| |6||128,000| |7||109,812| |8||108,000| |9||108,000| |10|GameStop Omnibus Account|78,012| |11||72,000| |12||66,000| |13||65,329| |14||61,536| |15||60,140| |16||60,000| |17||60,000| |18||58,000| |19||57,884| |20||57,065.16734| |21||55,840| |22||55,479.32866| |23||53,000.09312| |24||51,600| |25||50,810.5893|

Recent GME Volume

|Year|Volume| |:-|:-| |2022|2,825,293,700| |2023|1,167,878,465|

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1/19/2024 Estimated DRS count: 75,883,224 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,883,224|1/19/2024| |Non-DRS - 200k acct if 30% stuck in IRA|22,764,967|1/19/2024| |Other|58,268,359|1/19/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

1/12/2024 Estimated DRS count: 75,831,798 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,831,798|1/12/2024| |Non-DRS - 200k acct if 25% stuck in IRA|18,957,950|1/12/2024| |Other|62,126,802|1/12/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct if 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

1/5/2024 Estimated DRS count: 75,793,468 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,793,468|1/5/2024| |Non-DRS - 200k acct 25% stuck in IRA|18,948,367|1/5/2024| |Other|62,174,715|1/5/2024|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

12/29/2023 Estimated DRS count: 75,770,775 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,770,775|12/29/2023| |Non-DRS - 200k acct 25% stuck in IRA|18,942,694|12/29/2023| |Other|62,203,081|12/29/2023|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,995 DRS shares (as of 12/25/2023). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

12/22/2023 Estimated DRS count: 75,744,118 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,744,118|12/22/2023| |Non-DRS - 200k acct 25% stuck in IRA|18,936,030|12/22/2023| |Other|62,236,402|12/22/2023|

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (as of 11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

12/15/2023 Estimated DRS count: 75,632,033 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,950,420|12/9/2023| |MFs, Index Funds, Pension Funds, etc|35,549,240|12/9/2023| |Other Institutional Ownership|30,102,685|12/9/2023| |Insiders Stagnant|14,339,510|12/9/2023| |Insiders|38,655,910|12/9/2023| |DRS'd - 200k Computershare accounts|75,632,033|12/15/2023| |Non-DRS - 200k acct 25% stuck in IRA|18,908,008|12/15/2023| |Other|62,376,509|12/15/2023|

• Total Outstanding on 11/30/2023: 305,514,315 (10/12/2023 was 305,241,294)
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (as of 11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

!

2022 negative DRS counts get overlooked sometimes. Where the DRS count going negative during a quarter is somewhat hidden.

• Between 4/30/2022 and 5/26/2022 the DRS count went -3,783,592 shares
  • Somewhat hidden as it is an unofficial SEC filing DRS count. It was the first visit to GameStop HQ to view the list of stockholders.
• Sometime Aug/Sep/Oct 2022 DRS count went -700,012 shares
  • Somewhat hidden as the positive offset was due to whale #1. Whale #1 prevented the DRS count going negative when their 1.2 million DRS completed mid-August 2022.

|Date|DRS count|Source|DRS shares drained| |:-|:-|:-|:-| |10/30/2021|20,800,000|Form 10-Q|| |1/29/2022|35,600,000|Form 10-K|| |4/30/2022|50,800,000|Form 10-Q|| |5/26/2022|47,016,408|List of stockholders|Yes. Funny volume surrounding 5/26/2022| |7/30/2022|71,300,000|Form 10-Q|| |8/15/2022|72,500,012|Whale #1 DRS'd 1,200,012 shares|Yes - draining occurred sometime in Aug, Sep, and/or Oct 2022. Whale #1's DRS prevented the official DRS count being negative this quarter.| |10/29/2022|71,800,000|Form 10-Q|Funny volume surrounding 10/31/2022| |3/22/2023|76,000,000|Form 10-K|| |4/21/2023|76,265,982|List of stockholders|| |6/1/2023|76,600,000|Form 10-Q|| |6/20/2023|75,329,434|Mainstar rugpull -1,270,566|Yes| |8/31/2023|75,400,000|Form 10-Q|| |11/30/2023|75,400,000|Form 10-Q|Yes - draining occurred sometime in Sep, Oct, and/or Nov 2023. Funny volume surrounding 11/29/2023|

Tinfoil thoughts as we do not have access to see daily changes in the list of stockholders, otherwise we could see if some accounts are draining on certain days.

• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.

redditor iamthinksnow with the 218,xxx high score.

Via https://www.reddit.com/r/Superstonk/comments/18fdw5a/drs_400_again_and_again_and_again_i_didnt_hear_no/

|Date|Computershare Accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx| |12/10/2023|218,xxx|

Short version:

|Date|DRS count|Source| |:-|:-|:-| |10/30/2021|20,800,000|Form 10-Q| |1/29/2022|35,600,000|Form 10-K| |4/30/2022|50,800,000|Form 10-Q| |5/26/2022|47,016,408|List of stockholders| |7/30/2022|71,300,000|Form 10-Q| |8/15/2022|72,500,012|Whale #1 DRS'd 1,200,012 shares| |10/29/2022|71,800,000|Form 10-Q| |3/22/2023|76,000,000|Form 10-K| |4/21/2023|76,265,982|List of stockholders| |6/1/2023|76,600,000|Form 10-Q| |6/20/2023|75,329,434|Mainstar rugpull -1,270,566| |8/31/2023|75,400,000|Form 10-Q| |11/30/2023|75,400,000|Form 10-Q|

Long version:

|Date|Shares|Comparing to previous date|Filing Notes| |:-|:-|:-|:-| |10/30/2021 10-Q|5,200,000 (x4 = 20,800,000 DRS)||"As of October 30, 2021, 5.2 million shares ... were directly registered with our transfer agent, ComputerShare."| |1/29/2022 10-K|8,900,000 (x4 = 35,600,000 DRS)|\+14,800,000 DRS over 91 days|"As of January 29, 2022, 8.9 million shares ... were directly registered with our transfer agent, ComputerShare."| |4/30/2022 10-Q|12,700,000 (x4 = 50,800,000 DRS)|\+15,200,000 DRS over 91 days|"As of April 30, 2022, 12.7 million shares ... were directly registered with our transfer agent."| |5/26/2022 list of stockholders|Total shares: 76,129,034 (x4 = 304,516,136) !! Owned by Cede: 64,374,932 (x4 = 257,499,728) !! Implied Non-Cede: 11,754,102 (x4 = 47,016,408 DRS)|\-3,783,592 DRS over 26 days|| |7/30/2022 10-Q|71,300,000 DRS|\+24,283,592 DRS from 5/26/2022 list of shareholders (over 65 days) or +20,500,000 DRS from 4/30/2022 10-Q (over 91 days)|"As of July 30, 2022, 71.3 million shares ... were directly registered with our transfer agent."| |8/15/2022 Whale #1 DRS'd 1,200,012 shares|72,500,012 DRS||| |10/29/2022 10-Q|71,800,000 DRS|\+500,000 DRS over 91 days (5,494 per day)|"As of October 29, 2022, 71.8 million shares ... were directly registered with our transfer agent."| |3/22/2023 10-K|Owned by Cede: \~228,700,000 !! Non-Cede: \~76,000,000 DRS|\+4,200,000 DRS over 144 days (29,166 per day)|"Excluding the approximately 228.7 million shares ... held by Cede & Co on behalf of the Depository Trust & Clearing Corporation, approximately 76.0 million shares of ... were held by record holders as of March 22, 2023."| |4/21/2023 list of stockholders|Total shares: 304,717,022 !! Owned by Cede: 228,451,023.9 (+16) !! Non-Cede shares: 76,265,982.1 DRS|\+265,982 DRS over 30 days (8,866 per day)|| |6/1/2023 10-Q|Owned by Cede: \~228,100,000 !! Non-Cede: \~76,600,000 DRS|\+334,018 DRS over 41 days (8,146 per day)|"Of those outstanding shares, approximately 228.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 76.6 million shares ... were held by registered holders with our transfer agent as of June 1, 2023."| |6/20/2023 Mainstar rugpull|Minus 1,270,566 DRS shares||| |8/31/2023 10-Q|Owned by Cede: \~229,800,000 !! Non-Cede: \~75,400,000 DRS|\-1,200,000 DRS over 91 days|"Of those outstanding shares, approximately 229.8 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares ... were held by registered holders with our transfer agent as of August 31, 2023."| |11/30/2023 10-Q|Total shares: 305,514,315 !! Owned by Cede: \~230,100,000 !! Non-Cede shares: \~75,400,000 DRS|0 DRS over 91 days|"Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares ... were held by registered holders with our transfer agent as of November 30, 2023."|

Discussion points:

• It seems "odd" on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems "odd" on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown has reduced investor purchasing power.
• Whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.

12/8/2023 Estimated DRS count: 75,532,193 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 9/11/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,138,064|9/8/2023| |MFs, Index Funds, Pension Funds, etc|33,999,059|9/8/2023| |Other Institutional Ownership|32,373,815|9/8/2023| |Insiders Stagnant|14,339,510|9/8/2023| |Insiders|38,540,578|9/11/2023| |DRS'd - 200k Computershare accounts|75,532,193|12/8/2023| |Non-DRS - 200k acct 25% stuck in IRA|18,883,048|12/8/2023| |Other|62,708,048|12/8/2023|

• Total Outstanding on 11/30/2023: 305,514,315 (10/12/2023 was 305,241,294)
• Thank you to lawsondt for the Bloomberg data to 9/8/2023.
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (as of 11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown has reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation 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

Was having fun reading: https://www.reddit.com/r/Superstonk/comments/18do2h3/this_totally_blew_my_mind/

In reference to 6days1week: https://twitter.com/6days1week/status/1732795611349418472?t=cEYTlwljKAsyR7f9j2rHQw&s=19

Hate to bring it up for those that made one trek to GameStop HQ. But is it possible to view the GameStop HQ list of stockholders twice a year? Visit late May and mid/late June? Would then have 2 additional DRS data points each year.

Was wondering why the cutoff dates were the way they were. Why Thursday 5/26/2022 and Friday 4/21/2023?

I think the 2023 visit was in May, so I wonder if a shareholder visited in June, would they have gotten a late May report rather than April's data?

|Date|Source| |:-|:-| |10/30/2021|Form 10-Q| |1/29/2022|Form 10-K| |4/30/2022|Form 10-Q| |5/26/2022|List of stockholders| |7/30/2022|Form 10-Q| |10/29/2022|Form 10-Q| |3/22/2023|Form 10-K| |4/21/2023|List of stockholders| |6/1/2023|Form 10-Q| |8/31/2023|Form 10-Q| |11/30/2023|Form 10-Q|

12/1/2023 Estimated DRS count: 76,261,272 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)

The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175

Bloomberg data (to 9/11/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,138,064|9/8/2023| |MFs, Index Funds, Pension Funds, etc|33,999,059|9/8/2023| |Other Institutional Ownership|32,373,815|9/8/2023| |Insiders Stagnant|14,339,510|9/8/2023| |Insiders|38,540,578|9/11/2023| |DRS'd - 200k Computershare accounts|76,261,272|12/1/2023| |Non-DRS - 200k acct 25% stuck in IRA|19,065,318|12/1/2023| |Other|61,523,678|12/1/2023|

• Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
• Thank you to lawsondt for the Bloomberg data to 9/8/2023.
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems "odd" on some of the DRS count fluctuations since the beginning.
• It seems "odd" on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown has reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflating DRS shares 9 to 12 months back, then draining their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. If say 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

The 6 recurring buys alone should add 514,284 DRS shares.

11/24/2023 Estimated DRS count: 76,178,920 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)

The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175

Bloomberg data (to 9/11/2023), DRS estimated counts, and other:

|Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,138,064|9/8/2023| |MFs, Index Funds, Pension Funds, etc|33,999,059|9/8/2023| |Other Institutional Ownership|32,373,815|9/8/2023| |Insiders Stagnant|14,339,510|9/8/2023| |Insiders|38,540,578|9/11/2023| |DRS'd - 200k Computershare accounts|76,178,920|11/24/2023| |Non-DRS - 200k acct 25% stuck in IRA|19,044,730|11/24/2023| |Other|61,626,618|11/24/2023|

• Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
• Thank you to lawsondt for the Bloomberg data to 9/8/2023.
• "Non-DRS - 200k acct 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems "odd" on some of the DRS count fluctuations since the beginning.
• It seems "odd" on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

|Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000|

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown has reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflating DRS shares 9 to 12 months back, then draining their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. If say 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

The 6 recurring buys alone should add 514,284 DRS shares.

redditor dminvesta with the 217,xxx high score. Via https://www.reddit.com/r/Superstonk/comments/180s1wn/are_we_still_doing_this_holder_account_number/

|Date|Computershare Accounts| |:-|:-| |5/8/2023|213,4xx| |8/2023 or 9/2023|213,500| |10/24/2023|216,3xx| |11/21/2023|217,xxx|