23
8/11/2023 GameStop (GME) Estimated DRS count: 77,042,333 (or 75,771,767 when -1.2 million Mainstar shares)
(lemmy.whynotdrs.org)
8/11/2023 Estimated DRS count: 77,042,333 (using DRSbot total x 4.272)
8/11/2023 Minus 1.2m Mainstar: 75,771,767
The 4.272 multiplier comes from 6/1/2023 Form 10-Q divided by DRSbot 6/1/2023 total: 76,600,000 / 17,928,960 = 4.272
Look, I never bought the premise that 'only 100% of shares locked by DRS will trigger MOASS', which seems to be something everybody is thinking. This was just something that has been 'accepted' as a prerequisite for moass by the (perceived) majority, but in my opinion this whole thing will eventually blow up either way.
DRS is still important, because imo it does tighten the noose, and also I want to get paid when it's time and not be at the mercy of a broker.
No one really knows what % is going to trigger anything. Common sense would assume 100% is the limit but afaik it never happens before. I want to believe that much before it reaches 100% something will happens but I am prepared for all kind of fuckery. Don't forget curruption is spread like an octopus across a vast spectrum of entities.
True. DRS was a new movement. It was speculated after the split. It shouldn't need to get to 100% to get moass. However it would be useful as a good tool to point out to the world that fuckery existed. If computer share Ryan Cohen or anyone else could point at 100% ownership and yer shares will still magically appearing out of thin air.
DRS is a great concept and fuck the brokers. But what's your idea for moass. Why will it just happen? Without a catalyst
I have no clue. I'm too smooth-brained to have an idea for moass. What I know though is that I am very comfortable with my investment in Gamestop, and couldn't sleep better knowing my shares are mine, given that the whole house of cards is going to collapse soon.
Why do you think collapse ?
I had assumed collapse for last 10 years but here we are. They can keep kicking the can and hiding their cash. We know China is lying about their GDP and yet they are continuing with all their projects.
Money is just made up and if you are a country and big enough you can just fudge numbers. Look at Pentagon losing trillions. It's just gut wrenching with this much money while normal people struggle day to day.
kinda sounds like you're whining. Nothing personal. Buy, hodl, and DRS is not for the faint of heart. If you think everything is hopeless, and there is no point to anything, then there is probably no point in your commenting to that affect.
Or. I can do whatever the fuck I want. Which is what I will do. I have invested in the company. I and all shareholder's should be critical of what boards do with their money.
So nah don't think I'll just shut up and wait. Watch companies go under as the board get rich off their backs