The benefit to ComputerShare is that they are GameStop’s “issuer of shares” (simplifying). When shares are bought the shares are registered to your name directly since ComputerShare is the issuing company for GameStop. It’s like going directly to the source for your GameStop shares and making sure they’re in your name and not some bank.
When you buy shares via a major brokerage they’re not direct registered to you, but to your brokerage instead (technically it’s Cede & co). You can call to direct register them, but let’s be real do you trust the banks? lol
People are holding not for a memento but for the infinity pool theory. The idea that if a higher amount of the float is held off the market than there is available, the shorts can never close their position due to the insane amount of rehypothecated shares. Much more tactical than a memento. Also ComputerShare and GameStop don’t issue physical shares anymore, just replicas. You can also request a replica from your current brokerage if you’d like (most likely).
I believe you can sell higher than that per share. The total transaction is limited to 2MM. So, someone for example could sell .05 of a share for 2MM, but why would they want to sell for that low anyways?
The benefit to ComputerShare is that they are GameStop’s “issuer of shares” (simplifying). When shares are bought the shares are registered to your name directly since ComputerShare is the issuing company for GameStop. It’s like going directly to the source for your GameStop shares and making sure they’re in your name and not some bank.
When you buy shares via a major brokerage they’re not direct registered to you, but to your brokerage instead (technically it’s Cede & co). You can call to direct register them, but let’s be real do you trust the banks? lol
People are holding not for a memento but for the infinity pool theory. The idea that if a higher amount of the float is held off the market than there is available, the shorts can never close their position due to the insane amount of rehypothecated shares. Much more tactical than a memento. Also ComputerShare and GameStop don’t issue physical shares anymore, just replicas. You can also request a replica from your current brokerage if you’d like (most likely).
I believe you can sell higher than that per share. The total transaction is limited to 2MM. So, someone for example could sell .05 of a share for 2MM, but why would they want to sell for that low anyways?