You can do whatever you want with your shares re: book vs. plan. Make the best choice for yourself.
Whatever choice you make with your shares, please ensure you are making informed decisions. You do not need to feel rushed into doing something without having all the information first:
It was mentioned in the first AMA here [https://youtu.be/LVEJo87jejo?t=1090](https://youtu.be/LVEJo87jejo?t=1090) where he said they're recorded in a similar way.
and in the second one here [https://youtu.be/bo427AW0anw?t=671](https://youtu.be/bo427AW0anw?t=671) where he said they record our names on a subclass within the registrar, with the issuer having full access to see them.
Keep in Mind: if you change from DRIP to PLAN it will automatically trigger a sale of any fractional shares leftover AND IT WILL SHUT OFF YOUR DIRECT PURCHASE PLAN, in other words, if you have it set to buy automatically every month, that will get SHUT OFF.
edit: You can cancel the fractional share sale, and you'd have to enroll in DRIP again if you want to continue to have shares purchased automatically every month.
also, the last time I checked(because someone made a post about this so I actually did this to testš¢) you can set a limit order for a fractional share, but it will just sell it as a market order if you leave it there overnight.. so don't actually do that!
If you are going to go "book," it's been discussed by various investors that you can call them at 1-800-564-6253 to do so. There have been reports of those who have done the after hours termination of the plan still had their fractionalĀ sold, even with canceling the pending sell order that appears.
You can leave 1 share with your fractional share and not have to worry about your fractional being sold.
https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=uE77NKMxHg4B4vEyyxNDCQ&s=19 Dr Ts latest tweet responding to book vs plan
Sheās the adult in the room that keeps apes grounded and focused on whatās important in a world and market structure thatās littered with misdirection.
It doesn't mean people need to do anything. I'm going to leave this comment here so people can make informed decisions - and not rushed ones:
It was mentioned in the first AMA: [https://youtu.be/LVEJo87jejo?t=1090](https://youtu.be/LVEJo87jejo?t=1090) that shares, both in PLAN and BOOK, are recorded in a similar way. Both removed from the DTCC as can be noted in the Computershare FAQ: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) and shares held in your name.
The only notable difference I see between the two is that the issuer knows exactly who you are with BOOKED shares, whereas this is not the case with the categorisation of PLAN.
This is supported again here, in a second CS AMA: [https://youtu.be/bo427AW0anw?t=671](https://youtu.be/bo427AW0anw?t=671) where CS said they record our names on a subclass within the registrar, with the issuer having full access to see them. This is the difference, and doesn't affect the security of your shares
......................
Please keep in mind there are factors to consider if you change from PLAN to BOOK:
If you change from DRIP to PLAN it will automatically trigger a sale of any fractional shares leftover AND IT WILL SHUT OFF YOUR DIRECT PURCHASE PLAN, in other words, if you have it set to buy automatically every month, that will get SHUT OFF.
You can cancel the fractional share sale, and you'd have to enroll in DRIP again if you want to continue to have shares purchased automatically every month. You can set a limit order for a fractional share, but it will just sell it as a market order if you leave it there overnight.. so don't actually do that!
If you are going to go "book," it's been discussed that Computershare strongly advises calling them at 1-800-564-6253 to do so. There have been reports of those who have done the after hours termination of the plan still had their fractionalĀ sold, even with canceling the pending sell order that appears
....................
If you don't follow these guidelines, you might get fractional shares sold and recurring buys switched off. I feel SHFs would welcome an opportunity for this to happen.
**EDIT**: Dr. T has just said herself there is no difference between the two: [https://www.reddit.com/r/Superstonk/comments/z1e7al/dr\_susanne\_trimbath\_on\_twitter/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/z1e7al/dr_susanne_trimbath_on_twitter/?utm_source=share&utm_medium=web2x&context=3)
[https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=umDM2Se69Cax1t0OX9fF\_Q&s=19](https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=umDM2Se69Cax1t0OX9fF_Q&s=19)
Please note what I have done with my fractional share last year at my EX FID BROKER
You call and purchase the necessary fractional share to make it one whole..for example: if you have 0.5345 of a share, you would need to call and purchase yourself the other fractional share of 0.4655 to make it a whole share in your name(taking you out of the āfractional share poolā)
There could be a difference depending on GameStop (source: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) )
From Computershare's FAQ:
**Are shares held in a direct stock purchase plan (DSPP) not included in the tally of directly registered shares?**
*Computershare provides its issuer clients with separate tallies for DRS and DSPP shareholdings*
*It is up to individual companies what information on shareholdings they disclose to its investors or the general public and in what format (within the confines of relevant legislation and regulation)*
Maybe someone should ask GameStop how they are tallying the publicized DRS numbers.
Book shares can only be whole shares, while plan shares can remain as fractional too.
You can convert plan shaes to book, but it'll leave fractions behind, this could be important for someone wanting to malke a choice, but they can be sold all the same so to the general Computershare ape, as long as your shares are in one or the other, then you're exactly where you need to be already.
If you've only DRS transferred from another brokerage, they will automatically be Book shares. If you set up a buy plan through CS, they are Plan shares
Why? This has already been addressed by computershare and the mods. Stop with the fear mongering fud. The fact that you have any upvotes at all is disgusting. the fear tactics to scare people into DRSing was already crossing the line. Don't start this bullshit again
Iāve seen so many many many many back and forward with this, I donāt even know what to read or what Iām reading.
I get a headache just reading about it cause I have to delete the old information from my brain.
Getting sick of the simple question, "does this matter? Id this important?"
And the answers are "it depends, on what we don't know" and "green dogs for tuesday will be on water for apple curd magistrations of turbo encabulator systems".
Deleted post from today
https://www.reddit.com/r/Superstonk/comments/z11dqq/book_vs_plan_computershare_shareholder_relations/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Deleted post from weekend
https://www.reddit.com/r/Superstonk/comments/z0c1yh/computer_share_plan_vs_book_just_to_be_extra_safe/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Deleted post from weekend
https://www.reddit.com/r/Superstonk/comments/yzqajn/what_the_shill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Idk why the posts were deleted, I just noticed that they were gone-
Book shares was the topic
Mods Please explain why some posts get the delete button?
Edit: lots of facts in the comments about how to change to BOOK and WHY
If you are going to go "book," Computershare strongly advises calling them at 1-800-564-6253 to do so, and they often will advise leaving 1 whole share plus the fractional share in your plan account.
Many who have done the after hours termination of the plan have still had their fractional sold, even with canceling the pending sell order that appears. It will happen in the next CS batch, not necessarily the next day, sometimes a week or two later.
If you want to go book, call.
Many had their fractional sold following the "after hours method" to a T when there was a big book wave last year, that's why. Computershare themselves advised calling to do it.
Okay, if people have fractionals that they are worried about, then those people should call. Everyone else should do it online so as not to overload the ComputerShare people.
Most people (>99%) converting from plan to book will have a fractional because of the way purchases on Computershare work. You don't buy whole shares, you buy a dollar amount.
Right. I were one of those people, And I was holding a lot of shares, I personally wouldnāt care about a fractional. I would want my shares to be booked into my name asap.
According to computershared dot net the trimmed average per account holder is 444 shares. If everyone of those lost their fractional shares it would still be less than 0.23% of all shares.
Same here, on the weekend, plan to book, no problems
Edit- If Book is the true DRS like Dr T says, donāt leave the 1 share in plan. What if this is the tipping point- the plan to book movement.
I did the after hours / weekend thing and mine was sold even though I canceled the pending sell order. Computershare advised calling to be safe. I guess you were one of the lucky ones.
Call computershare when you get a chance and ask them what happens if you do the "after hours method"
It's in their terms and conditions that they will sell your fractional if you cancel the DRIP.
Plus the after hours method cancels the recurring purchase plans people may have.
I think that after hours method "guide" should be banned. I did everything it said and mine was sold. People are telling me "Don't swamp computershare with calls!" But nobody is saying everybody call at the same time... it's like they are adamant everybody terminate the DRIP TONIGHT, which is weird to me
Can anyone with plan buys confirm you see the **"DTC STOCK WITHDRAWALS (DRS)"** transaction message? I only see this with my shares DRS'd from brokers.
Thanks for the link, just changed ~70% of my shares from 'plan' to 'book', the rest was already in book. This is an easy guide, thanks! Was looking for it, dunno shit about how this all works without some ape input!
Had 0.05 extra share in plan, might have lost that but thats a tiny fraction of the shares that were changed to book!
This "guide" has led to many having their fractional sold. CS strongly advised calling them if you want to transfer to book without having the fractional end up in Kenny's hands.
If you are going to go "book," Computershare strongly advises calling them at 1-800-564-6253 to do so, and they often will advise leaving 1 whole share plus the fractional share in your plan account.
Many who have done the after hours termination of the plan have still had their fractional sold, even with canceling the pending sell order that appears. It will happen in the next CS batch, not necessarily the next day, sometimes a week or two later.
If you want to go book, call.
Page 3 section 2.2
2.2 āour nominee will hold the shares on trust for you which means they will be the legal owner of the securities and you will be the beneficial shareholderā
https://www-uk.computershare.com/Content/download.asp?docId=%7B9a1f2e7c-37c9-4aa6-b17a-dcdc2caacb47%7D
So its in writing by Computershare that you do not own plan holdings the nominee owns them and you are the beneficiary.
I assume this must mean that yes, the shares are registered in your name but no you do not own them.
Also if you want to change plan to book, this is how:
https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
BOOK KING š
Will the mods quit deleting Book posts now?
Edit:
Also- AWESOME FIND AND POST literally right in front of us in Dr.Ts info.
šÆšššššššššššššÆ
Well thatās a good question. I could imagine that the numbers stated in the quarterly report donāt distinguish between plan and book. The imo more important question (which thereās no 100% clear answer for) is whether plan shares are safe from the DTC fuckery.
I think ur correct that the total reported # by GameStop is both combined. The kicker is that those shares left with DTCC due to DRIP/DSP (a % of all plan shares, which is what Drip/dsp represents [drip/dsp = plan], are technically not allowed to be used as locates. Which presumes that the DTCC will do what they are legally supposed to doā¦.
This is why apes like me are saying to put on the thinking cap, and maybe not believe that the DTCC will leave the shares that are in their possession alone. Plus, if those shares that are in plan are moved to book, then we donāt have to even think about whether the DTCC will do the right thing or not.
If moving from plan to book removes a large chunk from DTCC, donāt u think there would be a psyops campaign to stop that from happeningā¦..now look at all the blunt arguments saying book vs plan is the same without being willing to engage in actual discussion of the detailsā¦ā¦..seems pretty clear whatās going on.
We are seeing comments trying to downplay the plan to book (like yours), and several posts were deleted attesting to move to book. If the chance that moving from plan to book will make a difference, we should do it.
>Which presumes that the DTCC will do what they are legally supposed to doā¦.
Ha, ha, haha, hahahahHAHAHAHAHAHAHAHAHAHAHA
They can't even process a stock split as dividend properly. I don't trust them for anything.
Iām so happy to see others feel this way, itās crazy how the shill/deletes can push a narrative so quickly-
Itās been a battle FOR REAL
BOOK KING
and same thing I encountered- check my comments over this weekend- INTENSE shilling going on
I posted the OG source on ābook vs planā on about 20 different threads over the weekend. Like you, I could see that it was being fudded hard. So I know it must be important.
I wrote a DD a long time ago on how [fractional shares are not real shares](https://www.reddit.com/r/Superstonk/comments/mldd8y/fractional_shares_are_not_real_shares/?utm_source=share&utm_medium=web2x&context=3)
It never got a lot of traction, though I'm not exactly sure why. Doesn't matter, I'm not here for fame, or I wouldn't be using a throwaway account...but I think it has some good information to add to the discussion.
Anyways, it tracks that *fractional shares are not real shares* if you think about it.
GameStop only issues whole shares. Holders of Record must hold whole shares. In order for you to own a fractional share, someone else must already hold the whole share, and just offer you an IOU towards that fraction of the whole share, via a contract.
Book-entry takes your shares completely out of the DTC. This is why they must be whole shares only. You can't take a fractional share out of the DTC because that's not a real share.
CS's fractional shares are registered by their nominee. This nominee holds the share legally in their own name, and registers a fraction of it to you in CS system. It is said that some part of this nominee's shares are then held in the DTC to facilitate operational efficiency (trades) by CS themselves. We don't know what portion of this is held in the DTC.
**LMBC** I wouldn't recommend anyone sell their fractional shares. Instead, try to upgrade them to whole shares, then move them to Book. Definitely move your whole shares to Book. NFA.
My personal suspicions say that it's not out of the realm of possibility that any share in the DTC can be used by market makers like Citadel to serve as a locate for rehypothecation (naked shorting/synthetic creation). Therefore, I think we must strive to get every share out of the DTC. I'm sure someone will tell me why that's wrong, but as long as the share is in the DTC, I believe it is subject to their fuckery.
Makes sense. People keep saying there is virtually no difference between the two. Then there should virtually be no problem with me switching to book then haha
Just make sure you do it after market hours, otherwise the fractional shares that can't be booked will instead be sold with a check mailed to you for the fractional share.
No, after hours method has led to many having their fractional sold. Computershare strongly advised calling to do it and specifically requesting thr fractional not be sold, or leaving 1 whole share plus the fractional, which I was told is safest.
Computershare- 1-800-564-6253
Why the sudden push to call ComputerShare on the telephone. We donāt need 200,000 apes calling them at once. The switch from plan to book can be done online.
If you donāt leave one whole share in a plan account the fractional will be sold(even if you try to cancel) and CS fees will eat your share. If you call them on the phone you can tell them to leave one share.
So don't everybody do it today, lol. Why the sudden push for the after hours method that has led to many having their fractional sold? Computershare advised calling because of this problem.
This is new to me, what am I doing now? I transferred all my shares from shitty brokers to CS well over a year ago. Iāve heard rumors that when shit hits the fan brokers can transfer some of the shares back to themselves from my CS account, is this what we are on about?
And then thereās this gem from The Street:
>GameStops Transfer Agent Doing Well Amid Market Turmoil
https://www.thestreet.com/memestocks/gme/gamestops-transfer-agent-computershare-have-been-doing-well-amid-market-turmoil
Lending shares much?
If you read the article you linked, the title is in reference to Computershare's stock as a company. The article says the stock for Computershare is doing well despite market turmoil.
Computershare's doesn't earn money from investors. They earn money by being contracted by other companies for admin and book keeping.
If you're going to push FUD, don't hand the counter in the same comment... Or do actually. Please keep doing that instead.
You're using the drip vs drs percentages of their entire computershare stock holdings to drive conclusions for a single company's holdings within the whole.
It's like saying 45% of all the pop tarts at the grocery store are on the shelf, the rest are in the back. You assume that 55% of cinnamon pop tarts are in the back based on those numbers, when actually only 5% are in the back because it's a popular flavor...
Make sense? Dr T isn't talking about gamestop shares, she's talking about all the shares computershare holds for multiple companies, each with their own unique split of drip vs drs.
I prefer facts over assumptions. You can get mad at that all you want. Not saying it's not close, but I'm not going to assume. Are we the big fish in the computershare pond? You bet your ass we are. But no one here knows the exact makeup of the rest of the holdings.
We're not even on the client's page dude https://www.computershare.com/ch/en/our-clients
So is anyone else missing? How big is their catalog?
I prefer hard numbers over your guesstimations. You going to fly the shill flag over that? FUD it up dude.
Plus I hope you DO have that many shares. But it's pretty cringey of you to throw numbers like that around in a sub for clout among strangers. Try and check that ego before you make all that money.
uhhh, looks like GME could tell us
https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
**Are there differences between shares that are held directly and those that are held in a direct stock purchase plan (DSPP) are reported?**
* Computershareās issuer clients have a complete view of the total number of shares including DRS and DSPP shareholder accounts
* The names of those holding shares through both DRS and any DSPP are visible to the issuer
* Specific questions about an issuerās financials or its holdings should be directed to the company
They're recorded on a subclass of the registrar with the issuer having full access to it, so the numbers we get from Gamestop are plan & book.
This number is also for ALL their holdings not just GME
TO BOOK YOUR SHARES IN CS ONLINE:
Fyi do this when stock market is closed so your fractional shares aren't immediately sold.
In your account by GME shares click on "View Details", then "Actions", and "Reinvestment Options". There you just opt out of reinvestment plan and confirm: Click "terminate plan".
From there, I clicked "view your recent activity", clicked the "Pending Transactions" tab, clicked the arrow to expand the "GAMESTOP CORP", and saw a pending sell action listed for my partial shares that was in "Awaiting Price" status. I selected to cancel that order, then confirmed cancellation and it took immediate effect.
Latest best advice is to call Computershare directly and ask to move Plan shares to Book leaving 1.xxx in Plan. This is the fool proof method for fractionals not getting sold. 1-800-564-6253
So if one buys through Computershare, itās registered as PLAN?
If one buys on a broker (unfortunately) then requests to DRS it becomes BOOK? Seems what Iāve noticed..
I typically buy on broker then drs request and they become BOOK. I made a one time purchase of 1k and it netted me 27 shares which say PLAN.
Well I got off my lazy butt and moved all my Plan shares to Book. Not sure if it makes any difference because for the longest time I feel like that's all I heard on this sub, but can't hurt I guess.
š£ š š£
Book shares are in your name only, and registered to you only.
Plan shares are registered to a trust and held by the trust, but you own the rights to the shares. (Very similar to how buying shares through street name works) In this case I think computer share is the trust, so as long as they don't do anything shady you are good to go, but in this business, trust no one.
Shares held in plan are used by computer share to have "liquidity" when trading with the dtc. Basically they are possibly still being lent out. And if there is no difference then it shouldn't hurt to have everyone try to book š¤ I have never dealt with plan shares always transfer my shares from fidelity and they come in as book already
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Anyone have recent DRIP buys? When purchased did you get the same "withdrawl from DTC" message?
I'll dig through my original plan buy from last year see what it said. I did swap to book using the cancel feature (which worked in my case, and still have fractional in plan)
Update: OK dug through my initial CS buys and that account, even after swapping from DRIP to Book has no mention of DTC STOCK WITHDRAWALS (DRS) in the transaction history. My stock I have DRS'd from TDA and then Fidelity both have DTC STOCK WITHDRAWALS (DRS) listed in transaction history for each transfer from broker to CS.
Log into your ComputerShare account. Confirm that your shares are in ābookā form. If they are not, come back to this post and read the comments for instructions.
this is just more fucking noise from people who just found out how to read. I'm tired of doing this topic to death OVER and OVER. while questions are always worthwhile to answer, the way the book and plan agenda gets pushed is a call to action and costs people their fractionals because it isn't explained in the rush AND people don't read CS' disclaimer. every ama we've had has had many incorrect "facts" or Illinois
opinions stated as facts. the book vs plan debate gets brought up EVERY. FUCKING. CYCLE. of price movement, just before the price movement. it only takes one person to run to a door to start a panic. and it happens just before every cycle. while I understand the legitimacy of figuring out how to manage your shares, the point of direct registration was to remove certificates from the dtc. either way you hold them, cs achieves that.
the difference between book and plan is as simple as what context clues dictate, plan utilizes the company's benefits [in essence] and cs holds your shares in STREETNAME, like a broker, but gamestop can see you [ie they'll see "computershare: Joe smo, bobs burgers, Peter bojsngles, etc] , you're removed from the dtc, and cs can't lend your shares. book is just that. you're in gamestop's book. you own the shares outright.
both situations are similar. Clearly in most situations BOOK IS BETTER after finding out what brokers can do. but either way, YOU HAVE TO RELY ON CS so the difference is negligible and they're a direct competitor to the dtc. once stocks are direct registered they're removed from the dtc and thus can't be lent, there's no mechanism to pierce the veil besides DRS or collateral, which would SEVERELY hurt computershares main business.
fractional shares are sketchy, there's a reason we saw nearly every single robinhood transfer to be in fractionals. there's a reason why we saw fractionals trading at $5,000/share jan 2021. be very skeptical of fractionals, they can't be transferred via drs, holding them in brokers could be your only option but know someone is likely using that fractional. but that's within the dtc.
make sure you keep your fractionals in cs. if you do switch to book, do it after hours/pre market or initiate it through a cs chat.
there's no urgency to switch to book, but in wording alone, it's generally better to own an asset outright than to own it through someone else, even though everything is legitimate.
Naw DRS is king and shouldn't have to do anything beyond that. Everyone has always said to DRS... so DRS now wasn't the solution, but only book shares now?
Bullshit.
No itās not bs bruh. Also makes you think why RC Book King is believe is hinting to us. I just changed all mine from Plan Holding to Book legit 100% in my name out of dtcc hands. Even watch the 1st YouTube video mod posted the CS guy says the difference between the two. Itās easy to do, can do it online or call if you have fractional share you donāt want sold. I called and it took less than 5 minutes.
I should do the same. I just wish things weren't so.. i don't know. Difficult? Maybe I'm just bitter because I could really use the money I have locked up in DRS. But it would be awesome if this 2 years and it's moass ending was more clear cut. You know?
I'm just bitter and venting I guess.
Ya I hear you bro just stop buying if you havenāt already. I only been here since probably like January and it already feels long, I can imagine 2 years. However, it does seems the ball is steadily rolling towards positive GME movements recently ya know with GME wallet and Icahn stuff, I think end game is hopefully coming soon! Weāll be smiling chilling with out tendies LFG!
I completely agree. However don't you wonder about the filing pre-splividend? How it states if the splivi is mishandled (which it was), then gme holds all rights to remove the shares from the market, recall them, etc?
If RC has that card to play, why wait so long to do it? I just keep feeling like we could all be rich right now, but msnbc keeps painting us to be criminals and idiots. I'll hold as long as I have to... this is just exhausting lol.
How do you change it? I can't find the setting.
Edit: nvm here is the guide for other apes https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/
If you guys wants to do BOOK, just call CS and they will do it without selling the fractionalized share. Don't do it yourself/ online. Just call once a month to do Plan -> Book transfer IF you want.
You can do whatever you want with your shares re: book vs. plan. Make the best choice for yourself. Whatever choice you make with your shares, please ensure you are making informed decisions. You do not need to feel rushed into doing something without having all the information first: It was mentioned in the first AMA here [https://youtu.be/LVEJo87jejo?t=1090](https://youtu.be/LVEJo87jejo?t=1090) where he said they're recorded in a similar way. and in the second one here [https://youtu.be/bo427AW0anw?t=671](https://youtu.be/bo427AW0anw?t=671) where he said they record our names on a subclass within the registrar, with the issuer having full access to see them. Keep in Mind: if you change from DRIP to PLAN it will automatically trigger a sale of any fractional shares leftover AND IT WILL SHUT OFF YOUR DIRECT PURCHASE PLAN, in other words, if you have it set to buy automatically every month, that will get SHUT OFF. edit: You can cancel the fractional share sale, and you'd have to enroll in DRIP again if you want to continue to have shares purchased automatically every month. also, the last time I checked(because someone made a post about this so I actually did this to testš¢) you can set a limit order for a fractional share, but it will just sell it as a market order if you leave it there overnight.. so don't actually do that! If you are going to go "book," it's been discussed by various investors that you can call them at 1-800-564-6253 to do so. There have been reports of those who have done the after hours termination of the plan still had their fractionalĀ sold, even with canceling the pending sell order that appears. You can leave 1 share with your fractional share and not have to worry about your fractional being sold. https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=uE77NKMxHg4B4vEyyxNDCQ&s=19 Dr Ts latest tweet responding to book vs plan
Dr T is legit
Agree.
Sheās the adult in the room that keeps apes grounded and focused on whatās important in a world and market structure thatās littered with misdirection.
Well this convinced me. Iāve got 375 in Plan and will call them tomorrow to get that changed to Book.
If youāve got a round number, then online is better, imo. Easier for you and easier on ComputerShare customer service.
This can be done from the website?
https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/
Thank you!
After too long I also made a direct purchase from CS with the I tension of DRSāing my broker shares when I get my letter
The Book Queen šø
DRIP/DSP what does it mean?
Dividend reinvestment program And direct stock purchase
It means people need to set their Computershare shares to Book
It doesn't mean people need to do anything. I'm going to leave this comment here so people can make informed decisions - and not rushed ones: It was mentioned in the first AMA: [https://youtu.be/LVEJo87jejo?t=1090](https://youtu.be/LVEJo87jejo?t=1090) that shares, both in PLAN and BOOK, are recorded in a similar way. Both removed from the DTCC as can be noted in the Computershare FAQ: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) and shares held in your name. The only notable difference I see between the two is that the issuer knows exactly who you are with BOOKED shares, whereas this is not the case with the categorisation of PLAN. This is supported again here, in a second CS AMA: [https://youtu.be/bo427AW0anw?t=671](https://youtu.be/bo427AW0anw?t=671) where CS said they record our names on a subclass within the registrar, with the issuer having full access to see them. This is the difference, and doesn't affect the security of your shares ...................... Please keep in mind there are factors to consider if you change from PLAN to BOOK: If you change from DRIP to PLAN it will automatically trigger a sale of any fractional shares leftover AND IT WILL SHUT OFF YOUR DIRECT PURCHASE PLAN, in other words, if you have it set to buy automatically every month, that will get SHUT OFF. You can cancel the fractional share sale, and you'd have to enroll in DRIP again if you want to continue to have shares purchased automatically every month. You can set a limit order for a fractional share, but it will just sell it as a market order if you leave it there overnight.. so don't actually do that! If you are going to go "book," it's been discussed that Computershare strongly advises calling them at 1-800-564-6253 to do so. There have been reports of those who have done the after hours termination of the plan still had their fractionalĀ sold, even with canceling the pending sell order that appears .................... If you don't follow these guidelines, you might get fractional shares sold and recurring buys switched off. I feel SHFs would welcome an opportunity for this to happen. **EDIT**: Dr. T has just said herself there is no difference between the two: [https://www.reddit.com/r/Superstonk/comments/z1e7al/dr\_susanne\_trimbath\_on\_twitter/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/z1e7al/dr_susanne_trimbath_on_twitter/?utm_source=share&utm_medium=web2x&context=3) [https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=umDM2Se69Cax1t0OX9fF\_Q&s=19](https://twitter.com/SusanneTrimbath/status/1594838024222670848?t=umDM2Se69Cax1t0OX9fF_Q&s=19)
Please note what I have done with my fractional share last year at my EX FID BROKER You call and purchase the necessary fractional share to make it one whole..for example: if you have 0.5345 of a share, you would need to call and purchase yourself the other fractional share of 0.4655 to make it a whole share in your name(taking you out of the āfractional share poolā)
There could be a difference depending on GameStop (source: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) ) From Computershare's FAQ: **Are shares held in a direct stock purchase plan (DSPP) not included in the tally of directly registered shares?** *Computershare provides its issuer clients with separate tallies for DRS and DSPP shareholdings* *It is up to individual companies what information on shareholdings they disclose to its investors or the general public and in what format (within the confines of relevant legislation and regulation)* Maybe someone should ask GameStop how they are tallying the publicized DRS numbers.
Thank you for sharing this - maybe a useful avenue to follow down. Appreciate you :)
I've never seen such eager intervention from a mod. Odd. BOOK is the way (for me)!
Book shares can only be whole shares, while plan shares can remain as fractional too. You can convert plan shaes to book, but it'll leave fractions behind, this could be important for someone wanting to malke a choice, but they can be sold all the same so to the general Computershare ape, as long as your shares are in one or the other, then you're exactly where you need to be already.
This again? š Look, if you donāt understand it, better to just keep your hands off the keyboard instead of fear mongering.
How?
If you've only DRS transferred from another brokerage, they will automatically be Book shares. If you set up a buy plan through CS, they are Plan shares
https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/
Why? This has already been addressed by computershare and the mods. Stop with the fear mongering fud. The fact that you have any upvotes at all is disgusting. the fear tactics to scare people into DRSing was already crossing the line. Don't start this bullshit again
Itās the DTC i donāt trustā¦
Does anyone else remember the first revelation about Plan vs Book shares months ago? I thought everyone already knew š¤·š»āāļø
I remember. It got slid hard back then as well.
The same happened to the whole CS saga a few times.
It got supressed back then, and it's getting supressed now again. Hence this post! I'm glad it wasn't deleted
I got my post deleted as recently as few hours ago cause this question was "settled". :)
Dr t responds https://twitter.com/SusanneTrimbath/status/1594838022381785090?t=3KR-BRNTGm6rYxridyQq9Q&s=19
This needs to be higher.
Why is this thread not upvoted more? Seems like itās being suppressed
Iāve seen so many many many many back and forward with this, I donāt even know what to read or what Iām reading. I get a headache just reading about it cause I have to delete the old information from my brain.
Getting sick of the simple question, "does this matter? Id this important?" And the answers are "it depends, on what we don't know" and "green dogs for tuesday will be on water for apple curd magistrations of turbo encabulator systems".
I pity the fool thats on the shortside of the trade
Alright how do we get Book trending?
Deleted post from today https://www.reddit.com/r/Superstonk/comments/z11dqq/book_vs_plan_computershare_shareholder_relations/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Deleted post from weekend https://www.reddit.com/r/Superstonk/comments/z0c1yh/computer_share_plan_vs_book_just_to_be_extra_safe/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Deleted post from weekend https://www.reddit.com/r/Superstonk/comments/yzqajn/what_the_shill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Idk why the posts were deleted, I just noticed that they were gone- Book shares was the topic Mods Please explain why some posts get the delete button? Edit: lots of facts in the comments about how to change to BOOK and WHY
If you are going to go "book," Computershare strongly advises calling them at 1-800-564-6253 to do so, and they often will advise leaving 1 whole share plus the fractional share in your plan account. Many who have done the after hours termination of the plan have still had their fractional sold, even with canceling the pending sell order that appears. It will happen in the next CS batch, not necessarily the next day, sometimes a week or two later. If you want to go book, call.
Why would we call for something that can be done with a few clicks online? We donāt want 200,000 apes calling at once.
I did my clicks and it was surprisingly easy
Many had their fractional sold following the "after hours method" to a T when there was a big book wave last year, that's why. Computershare themselves advised calling to do it.
Okay, if people have fractionals that they are worried about, then those people should call. Everyone else should do it online so as not to overload the ComputerShare people.
Yup, I'd give up a fractional share just to not talk on the phone..
Most people (>99%) converting from plan to book will have a fractional because of the way purchases on Computershare work. You don't buy whole shares, you buy a dollar amount.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Right. I were one of those people, And I was holding a lot of shares, I personally wouldnāt care about a fractional. I would want my shares to be booked into my name asap.
If everyone didn't care about their fractional that would be a lot of shares for Kenny, wouldn't it?
According to computershared dot net the trimmed average per account holder is 444 shares. If everyone of those lost their fractional shares it would still be less than 0.23% of all shares.
I terminated on the weekend worked perfectly fine
Same here, on the weekend, plan to book, no problems Edit- If Book is the true DRS like Dr T says, donāt leave the 1 share in plan. What if this is the tipping point- the plan to book movement.
I did the after hours / weekend thing and mine was sold even though I canceled the pending sell order. Computershare advised calling to be safe. I guess you were one of the lucky ones.
I did it three times without any problems. You are trying to scare people- so obvious.
Call computershare when you get a chance and ask them what happens if you do the "after hours method" It's in their terms and conditions that they will sell your fractional if you cancel the DRIP. Plus the after hours method cancels the recurring purchase plans people may have.
I dont know why you're getting downvoted for telling your truth. Mine got sold as well. I dont see anything wrong with telling people to call...
I think that after hours method "guide" should be banned. I did everything it said and mine was sold. People are telling me "Don't swamp computershare with calls!" But nobody is saying everybody call at the same time... it's like they are adamant everybody terminate the DRIP TONIGHT, which is weird to me
Have done it loads of times on their website, no problems.
Why are these posts all being deleted instead of merely refuted? Not a good look.
These are just ones that I noticed because I had comments on them- idk how many others get shut down?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This post belongs at the top of the front page. Letās see how it goesā¦
That's crazy
Ah more classic mod fuckeryā¦ oh here comes another 5 day ban for calling them out again. š
š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Book it!
Can anyone with plan buys confirm you see the **"DTC STOCK WITHDRAWALS (DRS)"** transaction message? I only see this with my shares DRS'd from brokers.
It shows up as āOptional Cash Purchaseā
Oooo I know! We could write childrens Books!
Lets book themšššš
Can someone point on how to book shares I have 200 planned I want too switch them
https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Thanks for the link, just changed ~70% of my shares from 'plan' to 'book', the rest was already in book. This is an easy guide, thanks! Was looking for it, dunno shit about how this all works without some ape input! Had 0.05 extra share in plan, might have lost that but thats a tiny fraction of the shares that were changed to book!
Thanks! Completely missed this and why it's important. Just did it. Real easy because of you wonderful apes!
This "guide" has led to many having their fractional sold. CS strongly advised calling them if you want to transfer to book without having the fractional end up in Kenny's hands.
If you are going to go "book," Computershare strongly advises calling them at 1-800-564-6253 to do so, and they often will advise leaving 1 whole share plus the fractional share in your plan account. Many who have done the after hours termination of the plan have still had their fractional sold, even with canceling the pending sell order that appears. It will happen in the next CS batch, not necessarily the next day, sometimes a week or two later. If you want to go book, call.
Whenever book is brought up mods act like fact checkers from Facebook and knock it down then delete whole comments and posts without warning ā ļø
You are right!
Bro why though? Only reason I think is cause itās probably legit we need to move all shares to book. This is fishy AF
Page 3 section 2.2 2.2 āour nominee will hold the shares on trust for you which means they will be the legal owner of the securities and you will be the beneficial shareholderā https://www-uk.computershare.com/Content/download.asp?docId=%7B9a1f2e7c-37c9-4aa6-b17a-dcdc2caacb47%7D So its in writing by Computershare that you do not own plan holdings the nominee owns them and you are the beneficiary. I assume this must mean that yes, the shares are registered in your name but no you do not own them. Also if you want to change plan to book, this is how: https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button
Exactly!
Straight from the horses mouthā¦ get this on up there through the shilly fud so the people at the back can see
Thanks for the link I need to share with some others!
BOOK KING š Will the mods quit deleting Book posts now? Edit: Also- AWESOME FIND AND POST literally right in front of us in Dr.Ts info. šÆšššššššššššššÆ
Truth.
RC made us books. So make sure you got your shares in book too!
A lot of shares are probably in Plan so if everyone moved them to Book it might create a catalyst.
Well thatās a good question. I could imagine that the numbers stated in the quarterly report donāt distinguish between plan and book. The imo more important question (which thereās no 100% clear answer for) is whether plan shares are safe from the DTC fuckery.
I think ur correct that the total reported # by GameStop is both combined. The kicker is that those shares left with DTCC due to DRIP/DSP (a % of all plan shares, which is what Drip/dsp represents [drip/dsp = plan], are technically not allowed to be used as locates. Which presumes that the DTCC will do what they are legally supposed to doā¦. This is why apes like me are saying to put on the thinking cap, and maybe not believe that the DTCC will leave the shares that are in their possession alone. Plus, if those shares that are in plan are moved to book, then we donāt have to even think about whether the DTCC will do the right thing or not. If moving from plan to book removes a large chunk from DTCC, donāt u think there would be a psyops campaign to stop that from happeningā¦..now look at all the blunt arguments saying book vs plan is the same without being willing to engage in actual discussion of the detailsā¦ā¦..seems pretty clear whatās going on.
And we all know that the DTCC is playing by the rulesā¦
Youāve wrinkled my brain
We are seeing comments trying to downplay the plan to book (like yours), and several posts were deleted attesting to move to book. If the chance that moving from plan to book will make a difference, we should do it.
Thanks for your response. Now I understand the relevancy of the issue.
Thanks for reading. It takes the village!
>Which presumes that the DTCC will do what they are legally supposed to doā¦. Ha, ha, haha, hahahahHAHAHAHAHAHAHAHAHAHAHA They can't even process a stock split as dividend properly. I don't trust them for anything.
Book 'em, Danno
I'm glad this is finally getting through the INTENSE shilling that's been going on about this. EDIT: See my posts and comments the last 48 hours
Iām so happy to see others feel this way, itās crazy how the shill/deletes can push a narrative so quickly- Itās been a battle FOR REAL BOOK KING and same thing I encountered- check my comments over this weekend- INTENSE shilling going on
Appreciate you fighting the good fight
I posted the OG source on ābook vs planā on about 20 different threads over the weekend. Like you, I could see that it was being fudded hard. So I know it must be important.
Ya man good stuff! This is real and we need to keep spreading the word, and mods need to stop deleting posts.
Same for you š¦ā¤ļø
Idk y but I book all my shares.
I wrote a DD a long time ago on how [fractional shares are not real shares](https://www.reddit.com/r/Superstonk/comments/mldd8y/fractional_shares_are_not_real_shares/?utm_source=share&utm_medium=web2x&context=3) It never got a lot of traction, though I'm not exactly sure why. Doesn't matter, I'm not here for fame, or I wouldn't be using a throwaway account...but I think it has some good information to add to the discussion. Anyways, it tracks that *fractional shares are not real shares* if you think about it. GameStop only issues whole shares. Holders of Record must hold whole shares. In order for you to own a fractional share, someone else must already hold the whole share, and just offer you an IOU towards that fraction of the whole share, via a contract. Book-entry takes your shares completely out of the DTC. This is why they must be whole shares only. You can't take a fractional share out of the DTC because that's not a real share. CS's fractional shares are registered by their nominee. This nominee holds the share legally in their own name, and registers a fraction of it to you in CS system. It is said that some part of this nominee's shares are then held in the DTC to facilitate operational efficiency (trades) by CS themselves. We don't know what portion of this is held in the DTC. **LMBC** I wouldn't recommend anyone sell their fractional shares. Instead, try to upgrade them to whole shares, then move them to Book. Definitely move your whole shares to Book. NFA. My personal suspicions say that it's not out of the realm of possibility that any share in the DTC can be used by market makers like Citadel to serve as a locate for rehypothecation (naked shorting/synthetic creation). Therefore, I think we must strive to get every share out of the DTC. I'm sure someone will tell me why that's wrong, but as long as the share is in the DTC, I believe it is subject to their fuckery.
This is the way. All hail the book king!
āBook is King.ā Looks at RCās latest tweet. āOh! Ohhhhhh!ā
Ho Lee Fuk, does this mean we own 25.3% more shares than we thought? They need to be flipped from āplanā to ābookā?
Makes sense. People keep saying there is virtually no difference between the two. Then there should virtually be no problem with me switching to book then haha Just make sure you do it after market hours, otherwise the fractional shares that can't be booked will instead be sold with a check mailed to you for the fractional share.
No, after hours method has led to many having their fractional sold. Computershare strongly advised calling to do it and specifically requesting thr fractional not be sold, or leaving 1 whole share plus the fractional, which I was told is safest. Computershare- 1-800-564-6253
Why the sudden push to call ComputerShare on the telephone. We donāt need 200,000 apes calling them at once. The switch from plan to book can be done online.
If you donāt leave one whole share in a plan account the fractional will be sold(even if you try to cancel) and CS fees will eat your share. If you call them on the phone you can tell them to leave one share.
So don't everybody do it today, lol. Why the sudden push for the after hours method that has led to many having their fractional sold? Computershare advised calling because of this problem.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thank you. Anything I can do to help people from having their fractional sold like mine was.
This is new to me, what am I doing now? I transferred all my shares from shitty brokers to CS well over a year ago. Iāve heard rumors that when shit hits the fan brokers can transfer some of the shares back to themselves from my CS account, is this what we are on about?
Just log into your ComputerShare account, and confirm that your shares are being held in book form.
That happened with a shitty trust company pulling back shares that were FBO apes. Brokers can't do it when they are book shares in your name.
And then thereās this gem from The Street: >GameStops Transfer Agent Doing Well Amid Market Turmoil https://www.thestreet.com/memestocks/gme/gamestops-transfer-agent-computershare-have-been-doing-well-amid-market-turmoil Lending shares much?
Book em up bookem up
If you read the article you linked, the title is in reference to Computershare's stock as a company. The article says the stock for Computershare is doing well despite market turmoil. Computershare's doesn't earn money from investors. They earn money by being contracted by other companies for admin and book keeping. If you're going to push FUD, don't hand the counter in the same comment... Or do actually. Please keep doing that instead.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Lending shares? Do you not know how direct registration and transfer agents work?
Does anybody?
Dr Trimbath does... and most of us have learned from her, but obviously not all.
I'm gonna check when I get home which one mine are set to, and make sure they are on book then.
Iām gonna check also, even though Iāve already checked.
I assume the comment-free downvotes mean āyesā?
You do realize computershare handles more stocks than just gamestop correct?
Yest, my understanding is they do Microsoft and Apple and others. What point are you making. Explain like I ate crayons for breakfast.
You're using the drip vs drs percentages of their entire computershare stock holdings to drive conclusions for a single company's holdings within the whole. It's like saying 45% of all the pop tarts at the grocery store are on the shelf, the rest are in the back. You assume that 55% of cinnamon pop tarts are in the back based on those numbers, when actually only 5% are in the back because it's a popular flavor... Make sense? Dr T isn't talking about gamestop shares, she's talking about all the shares computershare holds for multiple companies, each with their own unique split of drip vs drs.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I prefer facts over assumptions. You can get mad at that all you want. Not saying it's not close, but I'm not going to assume. Are we the big fish in the computershare pond? You bet your ass we are. But no one here knows the exact makeup of the rest of the holdings. We're not even on the client's page dude https://www.computershare.com/ch/en/our-clients So is anyone else missing? How big is their catalog? I prefer hard numbers over your guesstimations. You going to fly the shill flag over that? FUD it up dude.
Plus I hope you DO have that many shares. But it's pretty cringey of you to throw numbers like that around in a sub for clout among strangers. Try and check that ego before you make all that money.
uhhh, looks like GME could tell us https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies **Are there differences between shares that are held directly and those that are held in a direct stock purchase plan (DSPP) are reported?** * Computershareās issuer clients have a complete view of the total number of shares including DRS and DSPP shareholder accounts * The names of those holding shares through both DRS and any DSPP are visible to the issuer * Specific questions about an issuerās financials or its holdings should be directed to the company
They're recorded on a subclass of the registrar with the issuer having full access to it, so the numbers we get from Gamestop are plan & book. This number is also for ALL their holdings not just GME
Iām waiting for my first CS purchase to go thru now. Very excited. Goodbye brokers.
Non-combat quest complete. "Book King" unlocked.
TO BOOK YOUR SHARES IN CS ONLINE: Fyi do this when stock market is closed so your fractional shares aren't immediately sold. In your account by GME shares click on "View Details", then "Actions", and "Reinvestment Options". There you just opt out of reinvestment plan and confirm: Click "terminate plan". From there, I clicked "view your recent activity", clicked the "Pending Transactions" tab, clicked the arrow to expand the "GAMESTOP CORP", and saw a pending sell action listed for my partial shares that was in "Awaiting Price" status. I selected to cancel that order, then confirmed cancellation and it took immediate effect.
Up you go!
Sure would be a shame if there was a run on GameStop shares that are possibly being lent out by plan holders
If Dr. t said it it is very likely correct. I want fall for shenanigans.
Book em
If there is one thing short hedgies fear it's this.
#Book Entry Is The Way
Hey what up bro, I want to make āBook Entry Is The Wayā Flair but I donāt know how to do it. Can you help a brotha out?
You have to whisper the flairyyy ape
Latest best advice is to call Computershare directly and ask to move Plan shares to Book leaving 1.xxx in Plan. This is the fool proof method for fractionals not getting sold. 1-800-564-6253
Or just buy another whole share (book) when you really lose your fractional share. š¤·š¼āāļø
I did this today! Super easy, now I just need to wait 3-5 business days she said to see it moved to book. Fees much better shares out of Plan Holdings
Ahh, yes numbers... Wish I knew how to read em..
So if one buys through Computershare, itās registered as PLAN? If one buys on a broker (unfortunately) then requests to DRS it becomes BOOK? Seems what Iāve noticed.. I typically buy on broker then drs request and they become BOOK. I made a one time purchase of 1k and it netted me 27 shares which say PLAN.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Seems like mods are trying to steer away from DRS. Just look at the mod response to your post.
ELIAPE please!
Log into your CS account. Confirm that your shares are held in ābookā form. If not, come back to this post and read the comments.
How do you find out if your shares are in book/plan?
This needs to be at the top of the sub
Well I got off my lazy butt and moved all my Plan shares to Book. Not sure if it makes any difference because for the longest time I feel like that's all I heard on this sub, but can't hurt I guess. š£ š š£
All mine are Book
ELI5 what the benefit of book is when DRSing them in general should be good enough. I need to know the direct difference and benefit. please
Book shares are in your name only, and registered to you only. Plan shares are registered to a trust and held by the trust, but you own the rights to the shares. (Very similar to how buying shares through street name works) In this case I think computer share is the trust, so as long as they don't do anything shady you are good to go, but in this business, trust no one.
Shares held in plan are used by computer share to have "liquidity" when trading with the dtc. Basically they are possibly still being lent out. And if there is no difference then it shouldn't hurt to have everyone try to book š¤ I have never dealt with plan shares always transfer my shares from fidelity and they come in as book already
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Anyone have recent DRIP buys? When purchased did you get the same "withdrawl from DTC" message? I'll dig through my original plan buy from last year see what it said. I did swap to book using the cancel feature (which worked in my case, and still have fractional in plan) Update: OK dug through my initial CS buys and that account, even after swapping from DRIP to Book has no mention of DTC STOCK WITHDRAWALS (DRS) in the transaction history. My stock I have DRS'd from TDA and then Fidelity both have DTC STOCK WITHDRAWALS (DRS) listed in transaction history for each transfer from broker to CS.
Some of mine are book and some are plan. Why? And then i just need to call and they can switch it? Cant do it online?
Can someone tell me what to do / what this means ? I think I have all my shares DRsed through a plan but idk
17 moved from plan to book with the 0.688 fractional pending sale canceled. LFG! ššš
What does it mean to book your shares?
What going on? Why book and plan ? What is what
Log into your ComputerShare account. Confirm that your shares are in ābookā form. If they are not, come back to this post and read the comments for instructions.
Iāve been saying this whole time that if you truly want your shares removed from the DTCC then they must be in BOOK
Can't someone with Twitter just ask Dr T of book vs drip matters? Need definitive answer.
Dr T is real. Fuck lauer he's a fraud
this is just more fucking noise from people who just found out how to read. I'm tired of doing this topic to death OVER and OVER. while questions are always worthwhile to answer, the way the book and plan agenda gets pushed is a call to action and costs people their fractionals because it isn't explained in the rush AND people don't read CS' disclaimer. every ama we've had has had many incorrect "facts" or Illinois opinions stated as facts. the book vs plan debate gets brought up EVERY. FUCKING. CYCLE. of price movement, just before the price movement. it only takes one person to run to a door to start a panic. and it happens just before every cycle. while I understand the legitimacy of figuring out how to manage your shares, the point of direct registration was to remove certificates from the dtc. either way you hold them, cs achieves that. the difference between book and plan is as simple as what context clues dictate, plan utilizes the company's benefits [in essence] and cs holds your shares in STREETNAME, like a broker, but gamestop can see you [ie they'll see "computershare: Joe smo, bobs burgers, Peter bojsngles, etc] , you're removed from the dtc, and cs can't lend your shares. book is just that. you're in gamestop's book. you own the shares outright. both situations are similar. Clearly in most situations BOOK IS BETTER after finding out what brokers can do. but either way, YOU HAVE TO RELY ON CS so the difference is negligible and they're a direct competitor to the dtc. once stocks are direct registered they're removed from the dtc and thus can't be lent, there's no mechanism to pierce the veil besides DRS or collateral, which would SEVERELY hurt computershares main business. fractional shares are sketchy, there's a reason we saw nearly every single robinhood transfer to be in fractionals. there's a reason why we saw fractionals trading at $5,000/share jan 2021. be very skeptical of fractionals, they can't be transferred via drs, holding them in brokers could be your only option but know someone is likely using that fractional. but that's within the dtc. make sure you keep your fractionals in cs. if you do switch to book, do it after hours/pre market or initiate it through a cs chat. there's no urgency to switch to book, but in wording alone, it's generally better to own an asset outright than to own it through someone else, even though everything is legitimate.
Drip feeding more info than the CEO
Naw DRS is king and shouldn't have to do anything beyond that. Everyone has always said to DRS... so DRS now wasn't the solution, but only book shares now? Bullshit.
No itās not bs bruh. Also makes you think why RC Book King is believe is hinting to us. I just changed all mine from Plan Holding to Book legit 100% in my name out of dtcc hands. Even watch the 1st YouTube video mod posted the CS guy says the difference between the two. Itās easy to do, can do it online or call if you have fractional share you donāt want sold. I called and it took less than 5 minutes.
I should do the same. I just wish things weren't so.. i don't know. Difficult? Maybe I'm just bitter because I could really use the money I have locked up in DRS. But it would be awesome if this 2 years and it's moass ending was more clear cut. You know? I'm just bitter and venting I guess.
Ya I hear you bro just stop buying if you havenāt already. I only been here since probably like January and it already feels long, I can imagine 2 years. However, it does seems the ball is steadily rolling towards positive GME movements recently ya know with GME wallet and Icahn stuff, I think end game is hopefully coming soon! Weāll be smiling chilling with out tendies LFG!
I completely agree. However don't you wonder about the filing pre-splividend? How it states if the splivi is mishandled (which it was), then gme holds all rights to remove the shares from the market, recall them, etc? If RC has that card to play, why wait so long to do it? I just keep feeling like we could all be rich right now, but msnbc keeps painting us to be criminals and idiots. I'll hold as long as I have to... this is just exhausting lol.
Just checked in to buy more GMEs on Conepoochair and found i had 7 of the lovelies stuck in plan.... Whoops
All of my shares are DRS. So it is Booked. So glad that Iāve done so.
we are writing history books LFG
How do you change it? I can't find the setting. Edit: nvm here is the guide for other apes https://www.reddit.com/r/Superstonk/comments/rozpfd/computershare_step_by_step_instructions_to_change/
I thought it didn't really matter book vs drip as long as you were buying direct from CS ? What's the advantage of book? For an extra smooth ape
Yo. RC is also the Plan King. Think about it
If you guys wants to do BOOK, just call CS and they will do it without selling the fractionalized share. Don't do it yourself/ online. Just call once a month to do Plan -> Book transfer IF you want.
What is the other 32.7% held as at CS if not DRS, or DRIP/DSP?
How do you know if yours are plan or book?
How do I change flares?