By doing a dividend split the DTCC is going to be handed a limited number of shares (they’ll get theirs after CS distributes shares to insiders and DRS accounts). This puts serious pressure on the DTCC because there’s going to be a ton of people expecting stocks to show up in their account and the DTCC is going to have to find them.
This is a stupid statement.
GME knows EXACTLY who gets how many shares. That is WHY there is an Ex-Dividend Date. Anyone listed as shareholder on that date, whether direct or street name, gets the shares on the distribution date.
There is no scratching the head and trying to figure it out.
The only real issue if there are hidden naked shorts is that there are also hidden naked longs that created those naked shorts. And THOSE are the guys who have to do some accounting tricks to make it all work out. But those guys BUILT the system. You think they can't figure out how to handle a stock split or dividend?
This is a stupid statement.
GME knows EXACTLY who gets how many shares. That is WHY there is an Ex-Dividend Date. Anyone listed as shareholder on that date, whether direct or street name, gets the shares on the distribution date.
There is no scratching the head and trying to figure it out.
The only real issue if there are hidden naked shorts is that there are also hidden naked longs that created those naked shorts. And THOSE are the guys who have to do some accounting tricks to make it all work out. But those guys BUILT the system. You think they can't figure out how to handle a stock split or dividend?
KEK.