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The original was posted on /r/Superstonk by /u/Zqin on 2024-04-09 00:12:19.

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The original was posted on /r/Superstonk by /u/welp007 on 2024-04-09 00:04:21.

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The original was posted on /r/Superstonk by /u/NukeEmRico2022 on 2024-04-08 23:34:04.

… about a letter that I sent them weeks ago.

The principal topic was our favorite stonk and the corruption surrounding it by the hedge funds who are allowed to short it mercilessly into oblivion.

As I was talking to one of her staffers, I could tell she wasn’t a finance oriented person so I didn’t blast her with the details. But I essentially told her to tell her boss to please, please, PLEASE do something to strengthen the SEC and regulatory efforts against the corrupt hedge funds, that are trying to destroy our beloved company.

Did it have an impact? I have no idea. I’d like to think I put as much passion into that brief plea as I could. Nothing would give me greater pleasure than to actually sit down with her face-to-face but for now, I’m just satisfied that I was able to retail nothing would give me greater pleasure than to actually sit down with her face-to-face but for now, I’m just satisfied that I was able to plead retail’s case.

In the meantime, all you apes out there have a nice big bite of a tasty stonk dip sandwich

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The original was posted on /r/Superstonk by /u/ThunderRam68 on 2024-04-08 23:13:11.

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The original was posted on /r/Superstonk by /u/TrainingLight4887 on 2024-04-08 23:06:04.

How is this possible? We are trading at fucking 10$.

With the same amount of "Reported" DRS count since over 1-2 year back.

Well back then the price was trading at 25-50$.

So if we started from scratch today and DRSed we would have in 2022 locked the whole FF within a year at current price. But here we are trading at all time low since the sneeze with stagnant DRS. I dont fucking believe this shit for one bit.

I dont believe that 200.000 investors decided to buy and DRS shares at 40$ to then just stop when we are at 10$.

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The original was posted on /r/Superstonk by /u/HuntStag on 2024-04-08 22:55:45.

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The original was posted on /r/Superstonk by /u/ImpressiveMoment2 on 2024-04-08 22:37:08.

I want you to say a kingdom for a 🐎

Kenny boy that's not how escape a bear trap...

I'm not doing it for the money... I'm doing it for my underdog's.

Was a poor guy, now the LORD GOD have upgraded my responsibility in this world.

As a blood boiling Texan I can't stand corruption.

Is written: the meek shall inherit the earth

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The original was posted on /r/Superstonk by /u/Token_Straight on 2024-04-08 20:53:18.

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The original was posted on /r/Superstonk by /u/WreckYoCrew on 2024-04-08 21:26:14.

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The original was posted on /r/Superstonk by /u/Krunk_korean_kid on 2024-04-08 21:24:07.

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The original was posted on /r/Superstonk by /u/The-Bodhii on 2024-04-08 20:57:36.

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The original was posted on /r/Superstonk by /u/PromptComprehensive8 on 2024-04-08 20:00:36.

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The original was posted on /r/Superstonk by /u/oceanic89 on 2024-04-08 19:48:19.

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The original was posted on /r/Superstonk by /u/LeftHandedWave on 2024-04-08 19:43:49.

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The original was posted on /r/Superstonk by /u/realsyedshah on 2024-04-08 19:13:21.

Just hit XXXX (4 times what I had just a few days ago.) Deleted all my posts. Will delete this one. Subreddit hasn't needed to exist in well over a year. We're getting close.

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The original was posted on /r/Superstonk by /u/FORKNIFE_CATTLEBROIL on 2024-04-08 19:06:06.

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The original was posted on /r/Superstonk by /u/anarxi on 2024-04-08 19:00:52.

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The original was posted on /r/Superstonk by /u/rightup on 2024-04-08 18:09:16.

Jan. 25th 2021, Citadel and Point72 wired 2.75 billion into Melvin Capital.

January 28th 2021, they had no other option but to shut off buying. 2.75 billion was not enough to cover the losses if the prices continued to rise.

Steve Cohen thought they had the problem solved, so he tweeted: "I’m not feeling the love on this site today . Trading is a tough game . Don’t you think?"

February 18th, one trader said: "I like the stock."

February 19th, $GME closed flat.

Between Monday, February 22nd and the high on March 10th, (13 trading days), GameStop rose +758%

Citadel began redeeming their investment in August of 2021, about 6 months of total investment time.

First $500 million. Another 1.5 billion by February of 2022.

March 10th, 2022, Point72 redeems 750 million from Melvin.

"The game is not fair and it never has been. Individual investors, even when operating in a swarm, are destined to lose.

How do I know? I helped design the game.

A few years ago, I worked at the massive hedge fund Citadel. The multi-billion dollar fund was caught up in this week’s scandal for bailing out hedge fund Melvin Capital after everyday traders on Robinhood appeared close to liquidating the fund through mass buying of the GameStop stock $GME.

My role at Citadel was as an engineer in Long Term Quantitative Strategies. The entire department, filled with programmers and compliance officers, is dedicated to something called ‘alpha’ which determines the buying strategy of the fund. I was responsible for innovative proprietary technology that capitalizes on public data faster than any other hedge fund. It’s a classic situation of machines against humans. I respect many of my colleagues, the problem isn’t the people, it’s the rules of the game which heavily favor the funds."

Former Citadel Investment Group engineer Patrick McConlogue

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The original was posted on /r/Superstonk by /u/sgtdillweedmcdonald on 2024-04-08 17:54:30.

I have been tuned in regularly again since the most recent earnings. GameStop is now trading for almost as much as it was prior to the story’s hero doubling down and cementing GME as a long term household investor holding.

Over the past 2 years, short thesis has completely evaporated, there is not a percent chance of GameStop going bankrupt. The balance sheet is solid. Store closing and cost cutting is in full effective to lean the business out. GameStop is now offering cash on used electronics. The float is largely owned by retail with a large amount registered with Computershare.

It just makes me scratch my head. Are shorts not paying attention? Do they not understand what they are heading towards?

It’s true 2021, was a squeeze of some sort, but now they are walking in blind to a much different situation. GME is primed for a low liquidity, low volume, true short squeeze.

Are they even able to close at this point?

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The original was posted on /r/Superstonk by /u/welp007 on 2024-04-08 17:09:42.

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The original was posted on /r/Superstonk by /u/WhatCanIMakeToday on 2024-04-08 17:00:59.

Gary Gensler may have given us a roadmap for how to get more accurate share counts a year ago!

Check out this post1 which has the following transcript from WeTheInvestors 2nd Q&A With SEC Chair Gary Gensler (YouTube):

[Gary Gensler] "From an issuer point of view, I think an issuer is makes disclosure that their investors find material...

And engaging with issuers as you have, may change what they think that investors find material. I would say frankly to date, most issuers have not found it material that investors would want that information about how many shares are in street name versus direct registered.

[Dave Lauer] "Do you think the SEC rule as it is crafted prohibits issuers from even you know educating their investors about it?"

[Gary Gensler] "Uh Dave I think you're raising a good point but I don't you know in this format you said why I might not speak to specific companies. I mean issuers, there are two issuers are disclosing this already so I think that probably self-answers your question. Uhh..."

[Dave Lauer] "Ok that's a fair point yep."

Let Me Highlight That For You

1. An issuer makes disclosure that their investors find material.
2. Most issuers don't think "information about how many shares are in street name versus direct registered" is relevant to their investors.
3. There are two issuers are disclosing this information already!

THOSE ARE HUGE!

If investors think information is material, then an issuer (e.g., company like GameStop) would make disclosure. (Number 1 above.) Including information about how many shares are in street name vs direct registered. (Number 2 above.) And, there are currently TWO ISSUERS (i.e., TWO COMPANIES) disclosing this already so there's no SEC rules preventing such information disclosure.

Side Quest: WHO IS THE SECOND ISSUER reporting share counts? (GameStop obviously being the first.)

Apes, Ask & Ye Shall Receive (A Proposal To Disclose Material Information)

I propose that interested investors let GameStop know what information investors may consider material for disclosure, including:

• Approximately how many GameStop shares are held in street name?
• Approximately how many GameStop shares are directly registered?
• Approximately how many GameStop shares are held by registered holders?
• Approximately how many GameStop shares are held by registered holders with their transfer agent?
• Approximately how many GameStop shares are held by registered holders with an entity other than their transfer agent?
• Approximately how many GameStop shares are reportedly held by Cede & Co.'s FAST Account?2
• The number of registered shareholders and/or record holders?
• Approximately how many GameStop shares are held in "pure" DRS form (per ComputerShare's usage of this term on their site entitled "Becoming a registered shareholder in US-listed companies through Computershare" at https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)?
• Approximately how many GameStop shares are held in DSPP?

TODO

1. In about 1 week from when this post goes live, I'll archive a copy of this post to capture the upvote count.
2. If this post gets reasonable traction (e.g., >5k upvotes), I'll send an email to GameStop Investor Relations letting them know that GameStop investors have expressed interest in information that may be material to our investment along with a link to this post and archive copy so that the upvotes demonstrate an anonymous indicator of interest by GameStop investors. (I'll copy/paste the email I send to this sub as another post.)
3. Over the course of the upcoming week, apes can discuss any other information to request as material. (Note: I reserve all rights to include/exclude any requests as it is my email to GameStop. Apes are free, of course, to send their own request(s) to GameStop.)

From Gary Gensler's interview, it sounds like GameStop just needs to know that investors think some information is material so an email to investor relations should suffice. In the event external pressure arises against revealing the requested information, apes could also consider whether a shareholder proposal may be reasonable. Of course, we wouldn't want to bombard our beloved company with too many duplicative requests so I think a shareholder proposal should only be considered depending on the response, if any.

Caveat

Even if we get these numbers, be aware that they would not reveal the amount of rehypothecation in the system (e.g., churn factor) as each share may legally be borrowed and lent repeatedly. I suspect that if these numbers will be published, there will be a huge push to hide any naked shorts that would appear during the share count [DD] with borrows. (Not a bad thing, but it does mean chasing down and blocking the next can kick, again.)

[1] Credit to rightup for the heads up and transcript. Legen-wait-for-it-dary.

[2] As shown in End Game Part Deux: Problems at the DTCC plus The Bigger Picture, the 🛏️🛁 bankruptcy filings show a "Cede & Co (Fast Account)" held more 🛏️🛁 shares than 🛏️🛁 has outstanding [DD]. An assumed impossibility proven true by bankruptcy filings that would otherwise never have seen the light of day. As the Transfer Agent for 🛏️🛁 had access to the count for "Cede & Co (Fast Account)" [DD], it stands to reason that the transfer agent for GameStop also has access to this or similar information.

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The original was posted on /r/Superstonk by /u/popadopolous on 2024-04-08 16:48:57.

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The original was posted on /r/Superstonk by /u/MickeyKae on 2024-04-08 16:45:20.

Has this been discussed at all?

The qualifications toward the bottom read (emphasis mine):

• 5+ years of finance and data analytics experience.
• Experience in private equity and activism.
• Knowledge of value investing is a plus.

I'd be very intrigued to hear from anyone who has applied. Looks like position hasn't been filled yet.

Hang on now. Wait a sec. Hol up.

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The original was posted on /r/Superstonk by /u/ShortHedgeFundATM on 2024-04-08 16:38:12.

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The original was posted on /r/Superstonk by /u/Myvenom on 2024-04-08 16:31:07.