I sent half, but that's because I want to play both sides of the NFT and maintain pressure through the MOASS. Of course, all new shares are being bought through CS, so it hasn't been half for a while now.
The pros of sending all is that it really hammers the pressure faster
The pros of sending a portion is that it's currently a long process, and retaining some is security against MOASS tomorrow. It also allows you to sell through your broker, which is both more convenient, as well as necessary if you don't want to sell through CS and thereby relieve pressure by doing so - if CS holds the float but no CS share is ever sold (only those still held in brokerages) then MOASS won't end until every share outside CS finds a buyer. If CS holds the float and then half are sold from there, then the scenario returns to DTCC having the room to lie and play their tricks again.
CS shares are for igniting the rocket, brokerages are for selling -- so you might thing fuck it, why transfer then. Let everyone else carry the burden, I'll just mooch. But then there's the NFT thing.
CS shares are guaranteed the NFT. All other shares are entitled to it, and your broker has to go out and get it (at whatever the cost) but it'll be the CS shares dictating the price they sell their NFTs for. As I said, I want to play both sides of the NFT dividend.
So that's my reply to your innocent offhand 3 word question.
Physical certificates aren't the requirement. The float is administered by computershare. All share not directly held, are held by the DTCC, which are then via the DTCC associated with this broker or that on the DTCC's books, and this investor or that, on the brokerage's books.
By direct registering, and simply transfering from your broker, those shares stop being associated with the broker, with the DTCC, and CS moves them to you directly.
You don't need the physical certificate.
(And the physical printing was stopped because GS asked them to as they work out a new physical system, but that's just an aside)
Computershare, the direct registrar for Gamestop (among other stocks)
If you know, you know, if you don't you're months behind on the rabbit hole
Transfer over for direct registration and you get the shares out of the DTCC
All of them?
Some, all, whatever.
I sent half, but that's because I want to play both sides of the NFT and maintain pressure through the MOASS. Of course, all new shares are being bought through CS, so it hasn't been half for a while now.
The pros of sending all is that it really hammers the pressure faster
The pros of sending a portion is that it's currently a long process, and retaining some is security against MOASS tomorrow. It also allows you to sell through your broker, which is both more convenient, as well as necessary if you don't want to sell through CS and thereby relieve pressure by doing so - if CS holds the float but no CS share is ever sold (only those still held in brokerages) then MOASS won't end until every share outside CS finds a buyer. If CS holds the float and then half are sold from there, then the scenario returns to DTCC having the room to lie and play their tricks again.
CS shares are for igniting the rocket, brokerages are for selling -- so you might thing fuck it, why transfer then. Let everyone else carry the burden, I'll just mooch. But then there's the NFT thing.
CS shares are guaranteed the NFT. All other shares are entitled to it, and your broker has to go out and get it (at whatever the cost) but it'll be the CS shares dictating the price they sell their NFTs for. As I said, I want to play both sides of the NFT dividend.
So that's my reply to your innocent offhand 3 word question.
Did some research. CS has stopped issuing physical certificates. No longer possible.
Physical certificates aren't the requirement. The float is administered by computershare. All share not directly held, are held by the DTCC, which are then via the DTCC associated with this broker or that on the DTCC's books, and this investor or that, on the brokerage's books.
By direct registering, and simply transfering from your broker, those shares stop being associated with the broker, with the DTCC, and CS moves them to you directly.
You don't need the physical certificate.
(And the physical printing was stopped because GS asked them to as they work out a new physical system, but that's just an aside)
They ran out of fancy paper to print them,and they are too busy. You can still directly register your shares.