CUSIP 25400Q105
A CUSIP is a nine-digit numeric or nine-character alphanumeric code that identifies a North American financial security for the purposes of facilitating clearing and settlement of trades. The CUSIP was adopted as an American National Standard under Accredited Standards X9.6.
The Company name DWAC, has a 2nd meaning beyond "Digital World Acquisition Corp." it is also a financial term:
DWAC: Deposit/Withdrawal At Custodian
Deposit/withdrawal at custodian (DWAC) is a method of electronically transferring new shares or paper share certificates to and from the Depository Trust Company (DTC) using a Fast Automated Securities Transfer (FAST) service transfer agent as the distribution point.
I think Trump is telling GME HOLDERS to transfer their shares to the Transfer Agent, FAST.
No shame ever in asking, the shame is in NOT asking! :)
I am not sure what your question is, though... I will cover some, if I miss what you wanted, let me know, happy to tell you anything I can.
I am talking about the Stock Market, specifically the big Trump News today, Trump Media merging with a company called "DWAC".
I believe the acronym DWAC is intentional, because as stated in the OP, it also means a deposit or withdrawal at custodian.
The custodian in the stock market for most all shares is the DTCC - the Depository Trust & Clearing Corp. In short - it has been exposed recently they are very crooked. VERY. (They were co-founded by Bernie Madoff, so no wonder).
Anyway, the DTCC acts as "holder" of actual shares of stock as brokers buy and sell upon orders from their customers. The shares don't physically move around, they sit at the DTCC, and we as retail investors are just credited with them in our accounts.
The other way to own stock, is to buy directly from the company you want to own, through their "Transfer Agent". When you do this, you are the registered owner of the shares in your name, as opposed to the "beneficial owner" of shares that actually belong to the DTCC or your broker.
Now, if you have shares at your broker, and you would rather they be specifically registered IN YOUR NAME, you can transfer them to the Transfer Agent for direct registration. For GME (and maaannny other large corporations) the Transfer Agent is a company called Computershare.
On Reddit, in the popular stock iinvesting forums there, there has been a long conversation taking place, exposing the crookedness of the stock market. Hedge Funds, Market Makers, Politicians, Banks, etc., (A Cabal of Wealthy International Companies) has been exposed as conducting a huge, well, basically a huge criminal syndicate ripping us off for decades. More info can be found on Reddit on this.
The move on these stock forums for GME has been to leave the crooked DTCC and transfer the shares to Computershare for direct registration. Super simply put: It is understood that every share the DTCC loses in it's holdings, is one less share the crooks can use to continue suppressing the natural price of GME.
I believe the short squeeze of GME is designed to clean out and liquidate a lot of bad actors on Wall Street, and expose the rotten system that is riddled with fraud. When it soars, a LOT of money is coming to the shareholders of the stock - and to be a directly registered shareholder with the shares in YOUR name, is the best chance to see you get your fair share, and don't get fleeced.
SO... Todays price action of Digital World Acquisition Corp - "DWAC", I believe was meant to draw attention to the investment term DWAC, which means, essentially, transfer your shares to Computershare. For Anons, the fact that the CUSIP number (basically a stock's SSN) adds up to the letter 17, and has a Q in the middle of it is just icing on the cake. It is an Easter egg to find, and know you are on the right path.
Disclaimer: I am not a financial advisor, nor am I a crystal ball reader. I am just sharing what I think.
NCSWIC.
If that explanation didn't cover your question, let me know. :)
Explanation was awesome! Finally, I understand it now. Thank you, pede.
Quick question: can I just go online to ComputerShare and purchase GME and DWAC, and is there a minimum requirement (ok, 2 questions)? Appreciate your info.
You can definitely just open an account with CS first. I did that, and made a purchase before I ever transferred. They also allow fractional shares. I believe the minimum invest is very low, it was $10 or $25, I don't recall, but it was one of those.
They purchase in batches, so buying takes a few days, up to 5 days - which seems weird at first. (But you are getting REAL shares, and in YOUR name). Selling goes as quick as a broker.
I am happy to help with what I know, no advice, just what I have learned along the way. We all make our own decisions based on our own situations.
WWG1WGA!
Thank you, and I may take you up on a little “help” along my way.