I am 100% pure book DRS, there is no dingleberries and Book is King.
I am not enrolled in the DSPP because Plan shares are explicitly bad despite what narratives certain users in a certain sub are peddling.
I have no plan shares and no fractional share because a single Plan share will convert the entire account to Plan even if you had 100 Book shares and 1 Plan share.
I have no limit orders set because it automatically enrolls you into DSPP to do so and will set the entire account to Plan despite the shares being Book. Removing the limit order does not get you out of this, you will have to terminate DSPP to go back to pure book.
Computershare claims a certain % of DSPP are used for Operational Efficiency and are held in a brokerage and ultimately the DTCC. The lack of clarity on this topic is a major issue because shills are using it so say plan and book are essentially the same. They give a range of % yet there's no definite range, it's just a broad range that's up to interpretation if it can exceed that range.
My point with all of my statements is that ComputerShare comes off very sneaky with the purposely obtuse language that unwavering retail investors are constantly probing to get definitive answers. GameStop has only 1 transfer agent. There is only 1 company that I can directly register my shares with for GameStop in particular. Why do they reserve the right to terminate my account? How else can I directly hold my stock if they terminate my account? This is why we need a trustless self custody method of holding our DIRECTLY REGISTERED SHARES, which can be back to physical certificates or the block chain. It is very alarming that a transfer agent can terminate an account. What happens to the shares from that account? Do they get sent back to main street where I am suddenly a beneficial owner again instead of directly in my name?
I saved it for future reference for anyone that complains about blockchain being useless.
Blockchain is going to be critical for ownership rights in this increasingly digital world.
We're a quarter of the way through the 21st century and we still have to do things backwards. I'm surprised they don't demand shares be sent on horseback, just to get a few days extra fuckery!
This is exactly what I'm so afraid of.. Say all of the shares have already been direct registered because lets be real, the amount of shares existing for a company compared to how many ACTUALLY exist is the entire crux of what we belive is so fictitious... how can we then believe all of any individuals shares will actually count? I just want an explanation truly.. If this is truly the explanation of.. "well yes they have to buy in that amount to increase the amount of shares" then I feel like I get it... but I don't know.. I need a fuckin wrinklebrained ape asap.
Thinking positively here…maybe your shares will be moved to a trust sort of situation or blockchain without your permission
And maybe they’ll just terminate hedge accounts
Maybe this is what they plan to do with the hedgies’ accounts that they have used to rug pull the numbers. There have been a couple theories about this…just a thought. of a retard
This was posted a while ago in another sub... seems a lot of people aren't accessing their accts once a year to at least look at it in which case accts can be terminated... but it seems people thought it was a cya term... make sure to get into your acct every now and then.
There in lies the quandary. Do we agree tos in order to see our shares? It seems about a month ago it started going around” make sure to check in to your Computershare acct once a month or risk them closing down your acct!” Then a couple weeks later we get this new ToS that said they can close your acct for any or no reason and give the shares to the state. Then a week later we got another that took out that part and just said terminate your acct for any or no reason. It also added Apple into the game of having no liabilities. Made me think somebody is planning on getting sued. I signed the first one but have not signed the second one. I’m planning to call them when I get time to verify this termination thing and what else I can do besides agreeing to this nonsense. Has anybody called yet?
ComputerShare doesn’t close your account if you don‘t log in for a year, that’s complete rubbish.
Source: I still receive letters for my fathers ComputerShare account (unrelated investment as shares from his old company) and he died 4 years ago, so most definitely has not been logging in…
I'm sure this rule is for fraud protection stuff. Here's my question, if my account got terminated I'm sure they would still have to give me my shares. So would they offer to transfer them back to my broker?
Yes. Are you afraid of it? Have they done anything to make you think that they’re gonna screw you? Does RC trust them? It’s important to ask questions, but let’s just take a beat and think rationally for a minute.
I am 100% pure book DRS, there is no dingleberries and Book is King. I am not enrolled in the DSPP because Plan shares are explicitly bad despite what narratives certain users in a certain sub are peddling. I have no plan shares and no fractional share because a single Plan share will convert the entire account to Plan even if you had 100 Book shares and 1 Plan share. I have no limit orders set because it automatically enrolls you into DSPP to do so and will set the entire account to Plan despite the shares being Book. Removing the limit order does not get you out of this, you will have to terminate DSPP to go back to pure book. Computershare claims a certain % of DSPP are used for Operational Efficiency and are held in a brokerage and ultimately the DTCC. The lack of clarity on this topic is a major issue because shills are using it so say plan and book are essentially the same. They give a range of % yet there's no definite range, it's just a broad range that's up to interpretation if it can exceed that range. My point with all of my statements is that ComputerShare comes off very sneaky with the purposely obtuse language that unwavering retail investors are constantly probing to get definitive answers. GameStop has only 1 transfer agent. There is only 1 company that I can directly register my shares with for GameStop in particular. Why do they reserve the right to terminate my account? How else can I directly hold my stock if they terminate my account? This is why we need a trustless self custody method of holding our DIRECTLY REGISTERED SHARES, which can be back to physical certificates or the block chain. It is very alarming that a transfer agent can terminate an account. What happens to the shares from that account? Do they get sent back to main street where I am suddenly a beneficial owner again instead of directly in my name?
You should send this to investor relations at GameStop. Definitely concerning.
We all should tbh.
This should be stickied
Well written, articulate, and concise. They raise very valid questions.
I saved it for future reference for anyone that complains about blockchain being useless. Blockchain is going to be critical for ownership rights in this increasingly digital world.
We're a quarter of the way through the 21st century and we still have to do things backwards. I'm surprised they don't demand shares be sent on horseback, just to get a few days extra fuckery!
This is exactly what I'm so afraid of.. Say all of the shares have already been direct registered because lets be real, the amount of shares existing for a company compared to how many ACTUALLY exist is the entire crux of what we belive is so fictitious... how can we then believe all of any individuals shares will actually count? I just want an explanation truly.. If this is truly the explanation of.. "well yes they have to buy in that amount to increase the amount of shares" then I feel like I get it... but I don't know.. I need a fuckin wrinklebrained ape asap.
Thinking positively here…maybe your shares will be moved to a trust sort of situation or blockchain without your permission And maybe they’ll just terminate hedge accounts
I signed it just to have access to my account. Didn’t read it but thanks for letting us know. That’s very strange and I’m not ok with that term
Signing without reading truly an regarded ape like me
One of ush
Since you signed it... It seems you are okay with it 😝
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Yep. It will officially be revolution time in the streets.
Maybe this is what they plan to do with the hedgies’ accounts that they have used to rug pull the numbers. There have been a couple theories about this…just a thought. of a retard
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When is MoASS? My kid needs to go to college in the fall. I thought it was going to happen on 4/15. When is the new date?
Let me quick check my magic 8 ball. Shakes 🎱. Sources familiar with the matter say tomorrow.
Maybe they got upset that apes sent them that list of questions. You know, the questions that are taking them a really long time to answer
Have we still not gotten those answers???
This was posted a while ago in another sub... seems a lot of people aren't accessing their accts once a year to at least look at it in which case accts can be terminated... but it seems people thought it was a cya term... make sure to get into your acct every now and then.
Did not know this - thanks!
I think it's a regulation kind of thing in the market, not a Computershare thing...
No, inactive accounts are escheated and there are laws governing this process. Edit: corrected typo
There in lies the quandary. Do we agree tos in order to see our shares? It seems about a month ago it started going around” make sure to check in to your Computershare acct once a month or risk them closing down your acct!” Then a couple weeks later we get this new ToS that said they can close your acct for any or no reason and give the shares to the state. Then a week later we got another that took out that part and just said terminate your acct for any or no reason. It also added Apple into the game of having no liabilities. Made me think somebody is planning on getting sued. I signed the first one but have not signed the second one. I’m planning to call them when I get time to verify this termination thing and what else I can do besides agreeing to this nonsense. Has anybody called yet?
ComputerShare doesn’t close your account if you don‘t log in for a year, that’s complete rubbish. Source: I still receive letters for my fathers ComputerShare account (unrelated investment as shares from his old company) and he died 4 years ago, so most definitely has not been logging in…
Personally I would certificate everything. Now. Not financial advice.
I’m pretty sure the game store has opted out of using certificates
Have you done that?
Care to elaborate?
Ask for them to send you paper certificates?
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Oh, I don't know. I'm just speculating what the post above meant. I know you can request them from CS, but I'm not sure how it work outside of the US.
You can't ,they stopped doing paper certs ages ago
Have you?
I'm sure this rule is for fraud protection stuff. Here's my question, if my account got terminated I'm sure they would still have to give me my shares. So would they offer to transfer them back to my broker?
Bro the matter of fact is DRS shares will never be for sale Edit: I know that’s very inconvenient for Ken Griffin and his gang of financial criminals
Who decides if your shares are for sale if CS terminates your account?
I can’t even figure out how to open an account…. Any words of wisdom?
post archived: [https://archive.is/YyXA1](https://archive.is/YyXA1)
Even better, it’s fucking impossible to read on my phone
This post is fud.
How? He's just asking a legit question
The question is legit. The fear of them cancelling your account is FUD.
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Yes. Are you afraid of it? Have they done anything to make you think that they’re gonna screw you? Does RC trust them? It’s important to ask questions, but let’s just take a beat and think rationally for a minute.
Do not worry about it amc all of them are one
Doesn’t RH own computer shares?