Since they are debt-free they can use the billions to buy US Treasuries or similar and use the interest as revenue for profitability or a dividend, for as long as they want. If the share price continues to go up and they issue more shares then they can further increase their interest revenue from treasuries.

tee hee hee

welp, glad that is over and done with.

I feel ya, but since SS is not a reliable source I no longer go there and I don’t bring it up.

Everyone should know the heat lamp theory, and no one should be acting like we’re all delusional for believing that plan shares are vulnerable and/or not counted as DRS. There was a time when we all believed that we owned the shares that we ‘held’ through a broker. If that wasn’t true then why should I believe that I own plan shares? BOOK is the way.

Personally, I don’t think it’s a rug pull. Worth noting that virtually all of the price action and volume is happening before market open. And there were some weird price swings after hours today from 51 down to 26 and back again, repeatedly for a short period of time. Without any evidence to support or refute anything my assumption is that major players are trying to make deals with each other, and some are successful while others are not.

household investors

Is this where the term “douche-canoe” comes from?

Let’s say you have two accounts at ComputerShare with DRSed GME stock. One of the accounts is in pure Book form while the other is mostly Book but also has a few in Plan. If you had the opportunity to see your entry in the ledger, then you could confirm whether or not the ledger showed you as having exactly 1000, 500, or something in between. Anything less than 1000 would support the Heat Lamp Theory.

Another thing worth doing is just summing all the non-DTC/Cede entries in the ledger to the extent possible in the time allowed, to confirm that they add up to whatever the DRS total is for that day. I would expect that would only be possible if the ledger does not list all of the shares in Plan accounts under their respective household investor names.

But looking at the ledger you would be able to tally everyone else.

At a certain point I will feel a strong need to check the ledger myself, just to make sure that I am on it :)

There was some hypothesizing a while back (on SS and before Lemmy) that the initial drop or flatlining of the DRS trendline was due to hedgies having initially DRSed and then un-DRSed them, but I don’t recall if that was ever generally agreed. This was about the time that the Heat Lamp Theory was introduced which seems to have more supporting evidence at this point.

the timing of the increase in volume corresponds to the Heat Lamp Theory’s conjecture, although there may have been other factors as well

Net income Q4 2022 was $48 million, and their revenue during Q4 most years is around 2 Billion compared to around 1Billion for each of Q1, Q2, Q3.

hello again, hello

looks like the ole’ F3 overflow (jk/idk)

I agree that the entries on the ledger would not be cumulatively more than the amount of issued shares, but I was under the impression that it would be possible to get an accurate tally of the DRS count from the ledger, which is what we seem to be lacking.

So, a while back Gamestop stated that they would pull their shares from the DTC/Cede if they determined that it was mishandling the company stock (or words to that effect). They may have changed the wording regarding DRS numbers if the DRS+Cede numbers don’t line up and Gamestop doesn’t want (or isn’t ready) to take that action.

To get the actual numbers, wouldn’t tallying the entries on the register at the next meeting be the most straightforward path?

Where are you all getting brunch?

we gen Xers just grew up expecting Nuclear Winter, and we’re still waiting

My personal opinion is that GME is undervalued however I don’t necessarily expect that to change any time soon. The video you reference contains several errors which this community has discussed in previous threads.

https://lemmy.whynotdrs.org/post/266502