this post was submitted on 25 Aug 2023

21 points (100.0% liked)

DRS Your GME

1228 readers

2 users here now

ΔΡΣ Central

Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

Have a great idea to spread the word? There are some resources here to get started!

https://www.drsgme.org/free-resources

founded 1 year ago

MODERATORS

[email protected]

Computershared.net and some thoughts (lemmy.whynotdrs.org)

submitted 1 year ago by [email protected] to c/[email protected]

13 comments fedilink hide all child comments

Is there an alternative to computershared.net that keeps track of all the shares owned by insiders, institutions, etfs, retail etc? I thought Computershared did a fantastic job of keeping up to date numbers, but since it went down I haven't been able to find a good alternative.

The reason I ask is because it disappeared rather quietly, and considering how important share counts are, I thought it critically important to follow.

The latest info I have is from May 29th, 2023

15% institutions
12% mutual funds
10% etfs
13% insiders
5% insider stagnant
17.1% pure drs
10.9% directstock
.1% operational efficiency

This gives a grand total of 81.6% of shares owned.

I find it curious that the website went down when ownership was hitting these levels. VW's short squeeze was 62.6% ownership of total shares by Porsche and Lower Saxony, and 32% were "owned" through options by Porsche. Northern Pacific Railway had 94% of its total shares owned by James Hill and JP Morgan.

If there are 18.4% shares remaining, that equates to 56,074,000 shares. At a current price of $16.36, someone would need roughly 16.36*56,074,000 = $974,370,640 dollars to buy the remaining float. Who, or which company has that?

all 14 comments

sorted by: hot top controversial new old

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

August 15, 2023 SS post: https://www.reddit.com/r/Superstonk/comments/15s0c2e/happy_13f_filing_day_apologies_for_quality/ I haven't gone through the numbers on the screenshots, and I think someone mentioned one page was missing.

Old notes from DRSyourGME:

5/18/2023 numbers from lawsondt's compilation:

Outstanding Shares: 304,717,030
ETFs: 29,268,180
MFs, Index Funds, Pension Funds, etc.: 35,394,217
Other Institutional Ownership: 46,228,722
Insiders: 38,482,026
Insiders Stagnant: 13,961,696

Then 6/13/2023 numbers after known adjustments:

Outstanding Shares: 304,717,030 -> 304,751,243 Shares outstanding as of June 1, 2023 GameStop Form 10-Q
ETFs: 29,268,180
MFs, Index Funds, Pension Funds, etc.: 35,394,217
Other Institutional Ownership: 46,228,722
Insiders: 38,482,026 -> +10,000 +5,000 +190,638 +253,204 = 38,985,868
Insiders Stagnant: 13,961,696

8/15/2023 look again for free float number:
Free float: 304,751,243 - 29,268,180 - 35,394,217 - 46,228,722 - 38,985,868 - 13,961,696 = 140,912,560

8/23/2023 Estimated DRS count: 77,089,291
8/23/2023 Estimated DRS count minus 1,270,566 Mainstar rugpull shares: 75,818,725

[–] [email protected] 5 points 1 year ago

https://gme.crazyawesomecompany.com/ the number is stuck at 60.19%, it seems we are stuck here because they won't publicly report any higher numbers for fear of being sued by DTCC for contradicting any official fake numbers DTCC may have.

[–] [email protected] 4 points 1 year ago

I'd like to know more, too. Surely we can get some sort of alternative going at the very least.. with all these people around the world there's gotta be someone able and willing to make something similar.

[–] [email protected] 2 points 1 year ago (1 children)

You should all read this. The numbers going forward are based on Cede&Co. We will not see the numbers go up at all past what works out mathematically.

The computershared account put a disclaimer of this, and that is why it got taken down.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (2 children)

Sorry to spam, but this is going to be important going forward. Esp if they continue to give us the relative-numbers instead of the raw data.

@[email protected]

[–] [email protected] 4 points 1 year ago (1 children)

I do not mind - you can always ping me if you need something!

That's not why the Computershared.net website was taken down, by the way. I am somewhat friendly with u/JonPro03 who was maintaining the site has been going through some IRL stuff and it's simply not his priority atm. He does support the efforts of the DRS team which is why the site now redirects towards a DRSGME.org page detailing the findings when investors went to Grapevine to see the 2023 stock list.

The truth is that, as far as I am aware, we do not know exactly why the language in the filings changed.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

Depending on how much you pried, I would imagine "personal stuff" could have been that the lawyers said "nah man" and it would be a really dumb idea for JonPro to elaborate any further.

Changing the DRS count to “Not Cede” was most likely what got them in trouble with the 34T entity that is Cede & Co (with a whopping 4 paragraphs on Wikipedia). It didn't really become a problem until it blew up on SuperStonk that the wording changed.

[–] [email protected] 1 points 1 year ago (1 children)

No worries.

Not sure I understand the exact reasoning for this, though. Can you explain a little, maybe?

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Wording before the change was always:

As of M DD, YYYY, XX.XX million shares of our Class A common stock were directly registered with our transfer agent.

https://investor.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a

https://investor.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88

https://investor.gamestop.com/static-files/3a9d968d-b9f5-415a-877f-895d5ac83ed3

Wording after the change is now:

As of MM DD, YYYY, there were approximately XXX,XXX,XXX shares of our Class A common stock outstanding. Of those outstanding shares, approximately XXX.X million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately XX.X million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of June 1, 2023.

https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89

I personally find it odd to now be laying out each holding party so blatantly. It also it begs the question, if Cede is acting on behalf of the DTCC, they could say ANY number as the number they "should" have.

Will Gamestop actually go out to put a future report like:

Cede has 75%.

Computershare has 35%

:)

doubtful, but they HAVE SEC record of what Cede said exist. It's a cover-their-own-ass style of reporting. No reason to get yourself sued when you stand to make so much on a stock run. I for one am fascinated to see what the next quarter claims. If we haven't moved at all, I venture to guess it's going to be a black-box-##'s-wise until it really starts to fuck shit up.

Notice the addition of the word approximately everywhere

[–] [email protected] 2 points 1 year ago (1 children)

The stonk tracker at https://gme.crazyawesomecompany.com still shows the remaining float that hasn't been locked. But I miss the pie chart that computershared.net used to have.

It sucks that it shut down.

I agree I think it was because bad actors on wall street didn't want the peasants to know that certain groups are increasing their ownership.

If we saw insiders, or institutions, or mutual funds suddenly buy a lot more, we would be able to look deeper into that and learn things. They threw a wrench into that.

I'd love to see someone else make a duplicate website that does the same thing.

[–] [email protected] 1 points 1 year ago

Was there any comment from the site owner hinting at "wall street throwing a wrench into that"?

[–] [email protected] 1 points 1 year ago (1 children)

What's the story with Northern Pacific Railway?

[–] [email protected] 5 points 1 year ago

One of the largest short squeezes in history, especially in terms of market impact. Definitely a story worth knowing about. Here's a good article on this topic:

https://novelinvestor.com/the-biggest-short-squeeze-of-the-last-century/

You might also like reading about the squeeze circumstances which led to the birth of the modern Federal Reserve. We have a good article on that over at WhyDRS:

https://www.whydrs.org/post/the-panic-of-1907-and-the-birth-of-the-federal-reserve