A lot of people here know what is DRS - Direct Registry System.
If you have been following the Gamestop saga, you know that brokers and hedgefunds manipulate share prices by short selling and by creating phantom shares based on shares belonging to their retail customers which is held in the broker's name.
DRS is one way to ensure the shares are held in your name and the broker / hedgefunds cannot fuck around with it to manipulate the market. r/SuperStonk is basically dedicated to DRS of GME shares at this point.
What most of you might not realise:
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Just like GME, the Black Hats most probably pulled the same tricks to drag the DWAC stock price down when the markets opened yesterday. Some Anons who have been following GME have said that what happened yesterday was equivalent to what happened to GME over weeks. A.k.a just like 2020 elections, they had to pull out all stops in fraud to bring Trump's DWAC down.
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DRS is not the only way to achieve protection against this. There is another way. Its called Deposit/Withdrawal At Custodian. Its called ..... drumrolls please .... DWAC
Is this just one more coincidence? DWAC gets hammered by the bad guys just like they did to GME and just like they have been doing to any company that does not play by their rules. But it also so happens, one of the 2 ways to stop this is by DWAC.
This is no co-incidence! Trump could have picked any suitable name for the SPAC for his Social Media, but he picked Digital World Acquisition Corp which stands for DWAC.
Trump is giving us a YUGE hint. He is saying that DWAC will destroy the Wall Street Big Money evil guys.
Buckle up folks, we are gonna DWAC the shit outta the deep state.
How does the average person (like me) invest in this stock? Help ELI5
First you have to ask yourself how much money you are willing to lose completely for this cause. As long as its at least $100 you have a chance.
Next you need to create an account with a brokerage firm. You can use ETrade, or Fidelity or any number of other brokerages. You can even use Robinhood as a last resort if you cannot open any other account.
Once you are setup and ready to go, fund your account and then you can search for the symbol DWAC and buy it.
For buying it, you should select "limit order" instead of market order, and put in the max price you are willing to buy the shares at. Right now its around $94 but expect it will go up when market opens. So you have to put in a price slightly higher so you have a chance of buying it.
Once you buy it, just hold it (since you are okay losing this money) and hopefully it will go to the moon
I think the citadel/RH collusion is a Moab if pursued... Isn’t there email comms (within RH) coming to light? it is so apparent they stopped the trading on GME to help citadel cover their shorts.
Yup
I agree, yet still use it. It was simple when I was learning and ..ya
Im not really into stonks to get rich. Just to hurt the system/establishment. Only reason i was holding AMC
But doesnt everyone else charge you to buy sell?
You can purchase for free through Fidelity and then later direct register your shares through computershare.
I use Robinhood but they did bend the knee to the SEC but at least Robinhood CEO came clean a d said the SEC for rd their hand to halt trading and claimed RH had to pay $3B if they wanted to keep allowing GME to be bought
Yes, NEVER invest more than you can afford to lose!
I'll just say for me, I'm no newb to stocks but no stockologist either. I ended up doing market orders on my DWAC/W as I kept missing out on limit orders.
While you may get jacked on a market order, it also ensures you get in once you submit the order, where a limit may get surpassed and you'll have to edit or cancel/re-submit. Here's a good expansion on one vs the other:
https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp
I was happy with getting 10 DWAC at $17.765
... Your OP made it sound more involved. What protects you from your broker selling your own shares a la GME?
So with DRS and DWAC the broker transfers the name on the share from their street name to your name as the end result. When they do that, they have to transfer the real share certificate, not the phantom ghost shares, so the share gets accounted for.
Also, the actual process is quite involved, calling up the Brokerage firm is just one step :)
I contacted fidelity too DRS and they told me "you only do that if you are shorting the stock sales". Is that true?
No. They were wrong. DRS is just you taking custodianship of your own shares. They were referring to rehypothication. which is where your broker can borrow your owned shares. At Fidelity, specifically, you have to give them explicit consent for this to happen.
Thanks for clearing that up.
Haha, no they have all been known to lie, especially when it came to GME. Infact by not doing DRS, you are allowing them to short the stock, so their response is telling.
for all those new to the stonks, I highly suggest going over to superstonk on plebbit and reading all the DD they have accumulated there. It will fill you in on how fucked the markets are and harden your diamond grip. Literally the only thing people need to do to beat these fools is believe in your investment and hold onto it longterm. A ton of their fuckery is hinged on manipulating retail traders into panic selling their shares.
Read the DD. become immune to the fake manipulated daily price movements and hold your investment to what YOU think its worth not what some "smart money" criminal on wallstreet thinks. Achieve Zen. Diamond hands.
That’s a straight up lie lol. Like so bad of a lie I’m calling it malicious, they scared.
Hedgies r fukt.
At vanguard eight days ago, they had so many DRS requests for GME, they streamlined the process. Got a confirmation of request, waiting for computershare snail mail account number.
The shares are linked to your ss# so they come out of the pool.
I guess I’ll do the same w DWAC...
Even a big euro CEO let this strategy slip during an interview (on CNBC?) earlier this year...let me look for a link
please post proof...this is criminal
I’m new to this. I got 10 GME, 4 DWAC. I clicked the link regarding DWAC your DWAC. Reading through it slowly and carefully. Hopefully this process is simple as being brand new to this I don’t wanna fuck anything up from user error.
I would say for now just HODL both shares. For GME you might want to do DRS, its been explained on r/SuperStonks in detail. As for DWAC, right now the name is a clue, but as more things happen it will be clear what our role is in this.
Thank you my fren.
DWAC is not listed on computershare for DRS - how do we DRS or deposit/withdraw @ custodian the DWAC security?
You need to find out who holds the shares for the company owners of DWAC. Gamestop goes through Computershare.
I think we may need to now DWAC our shares and not DRS
https://www.reddit.com/r/GME/comments/qcuxt1/whats_the_difference_dwac/hhipx8y/
spread the word
How is that done, and what are the benefits/differences? A wrinkle brain needs to break this down, or people will think this is a FUD campaign to get apes to stop DRS.
Do we have to have a physical certificate to DWAC? Investopedia says this, “ To deposit your shares to your broker via DWAC, shareholders must provide original stock certificate(s), the DWAC deposit form, and applicable fees.”. Seems DRS is simpler, just a call and request, but not as quick as I’ve heard brokerages drag their feet getting the transfer done.
I agree DRS is simpler, I think the naming is more of a clue to whats coming rather than actual call to action.
nothing except DRS/DWAC
Computershare Registered Ownership; https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
Transfer Wizard; https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard
You are a GENIUS u/bubble_bursts!! 👏
I never fully understood what what's been happening with Gamestop until you turned on the lightbulb for me! And, now that I understand about Direct Registry System, I KNOW you are correct about POTUS' DWAC!
No coinkedinks! 💥
Ditto...this explains what I used to experience in the Market with manipulation etc. Was out of it for 5 years before GME & now DWAC got me back involved.
I have learnt more in the last 12 months than the rest of my life put together, and for the first time, I have learnt truth instead of lies. I have also learnt just how ignorant I have been and how much knowledge is out there yet to learn and hopefully one day those doors open for us and we will know everything we need to know about the society we live in. In the meantime I hope Anons can help each other learn and grow everyday.
The same for me in the last 4 years. I thought I was awakened as a child on November 22, 1963 but I knew Nothing then compared to what I have learned in these 4 years since Q shared the largest intel drops in history.
Keep sharing your knowledge and bless you for it!
I pray everyday for the future where anons will held guide and unify each other and I do believe God has ordained POTUS to be His Trumpet.
The future will be biblical. We are here for a reason.
Amen
Are you sayinh dwac is going to crash like gme?
its being manipulated like GME and others...they halted the stock to implement some algorithm on it is my best guess.
it might already be nearing AMC/GME levels of shorting. just look at the volume on a stock with only 30 million shares
time to hold all 3 and find out
thats the plan
It's a lot of money for a spac with no target.
It represents faith in Trump's team
trump's social media presence on the platform alone is worth current valuations
add in the chances that assets from other social media co's will be on the auction block due to election interference, smart branding for search optimization, and many other factors and it's still looking like a steal to me
Gamestop itself isn't going to crash.
You set up an account online with a brokerage. You can take your pick, fidelity, e-trade, ameritrade or others. Then you transfer money from a bank account to your brokerage account. Then while the market is open you put in a buy order for whatever number of shares you want to buy. Make sure it’s a limit order and not a market order. With a limit order you set a maximum price you’ll buy at. With a market order you’re telling them “fill it right now at whatever the market price is” and sometimes you’ll end up paying way too much because the only person selling at that exact moment was selling at some ridiculous price.
now, to get in sometimes, market is required.
It comes down to
Can you lose the money?
Are you willing to wait?
If so, any average pede or anon should take $200, buy what they can, and HODL.
They'll get a nice big screen 8k TV or a downpayment on a good car at the very least in a year or two.
At the very least. not financial advice and I'm just a fren but there's some crazy predictions about what happens to GME and now DWAC in the future
I ended up doing market after a couple limit attempts and got in at $17.765
For first timers is going to be much easier to do market orders, especially with a quickly changing stock.
Noice. My first buy on Thursday was @ $13.17 but I effed it up on Friday with a second buy to wind up with a $19 average.
No, we're getting fuck-you retirement money with one share.
Hedgies can't cover. Hedgies r fukt.
Thank you!!! Do you prefer one of the brokersges?
I use TD Ameritrade for my trading. I started investing with Scottrade a long time ago and then a few years ago TD Ameritrade bought them. So far everything has been smooth with them and I haven’t felt the need to switch.
I firmly believe based on my experience TD doesn’t buy your shares. Instead they take your money, give you an IOU and just use your money to short the fuck out of your investment knowing retail will sell when they start losing money.
That’s what I figured. I’m transferring mine to Computershare asap.
Until soon when they change to Schwab.
The following is NOT financial advice. I'm just a normal, God-loving patriot who loves country and family.
I would encourage you to not use TD Ameritrade. While their interface is excellent, things seemed to take a turn for the worse when Charles Schwab entered the picture. I'm sad to say, it appears like they're now one the many "questionable" brokers.
It took a LONG time for TDA to transfer my GME shares to ComputerShare... and this was back in early September. I initiated this request via an "in person" office visit at TDA, and was told three days. It took one month.
Even now, Fidelity is taking only about 3 days to transfer your shares to ComputerShare. It looks like Fidelity (unlike many other brokers) actually "held" your stock, and so they have quick access. The other brokers seem to be "scrambling" to find/buy your stock to fulfill your transfer request. There's no reason it should take them 3 weeks to transfer your shares when Fidelity takes about 3 days.
No matter which broker you use (even Fidelity) - your shares are NOT IN YOUR NAME. And, if the broker were to ever go bankrupt, your shares would "disappear" and I believe the insurance to protect the account holders only pays up to $500,000 (?) per account - even if you had millions.
It is much wiser to Direct Register your shares... and take them out of the hands of the hands of the evil entities who do illegal things with YOUR shares to manipulate the market (to your disadvantage).
Be smart... OWN YOUR STOCKS in YOUR NAME. BE AN ACTIVE PART of THE PLAN! Take steps to fight the evil ones (Central Banks, Federal Reserve, DTCC, SEC, hedge fund crooks, etc.). It's all a big club, and we're not members (George Carlin).
ComputerShare is as solid as it gets. Yes, they are very old fashioned in how they operate, but they've been in business since, 1974?
If you own any of the following stocks, please consider Direct Registering them in YOUR NAME, and take power from the bad players in the financial markets.
You do not have to create an account at ComputerShare first, call your broker and request a "DRS Transfer". They will "open an account for you (using your Social Security Number) and transfer the number of shares you request them to transfer. A few weeks later, you will receive a snail mail letter from ComputerShare, then you create your online account there.
Some of the companies ComputerShare represents are:
GameStop, AMC, Apple, Exxon Mobile, Coca-Cola , Walmart, AT&T, Verizon, Ford Motor Company, IBM, McDonalds, Intel, Abbott, Advanced Auto Parts, Alaska Airlines, Alphabet (Google, etc.), AMC, Amazon, American Express, BMW, Big Lots, Black Rock, BorgWarner, Campbells, Chevron, Costco, Discover, Domino's Pizza, DOW, Dupont, Ebay, Etsy, FedEX, Del Monte, GameStop, Goldman Sachs, Guess, Harley Davidson, Hasbro, HSBC, IBM, Jack in the Box, John Hancock, Johnson & Johnson, KB Home, Kyocera, Lear Corporation, Lowe's, Macy's, Marriott, Mattel, MicroSoft, Nestle, Nokia, Nordstrom, Papa John's Pizza, PayPal, Penske, Pepsico (Pepsi)... and MANY more.
Let's all take an active part in THE PLAN... take down the corrupt players in the financial sector who have been milking our money, destroying businesses for generations.
Is Vanguard considered a brokerage? Or would I have to open a new account at one of the above mentioned?
Vanguard is a brokerage, however I recommend Fidelity. Then have Fidelity open an account for you at ComputerShare and transfer a percentage of your shares over there.
Webull is easy and fast...but they are Chinese based
Fidelity is great, USA...may charge fees
TDA...they arent to be trusted due to GME saga
Also Webull was one of the brokerages that halted trading on DWAC thursday. I have them and now consdiering fidelity. Its fucked me hard on that open and rocket to 175. Missed major gains because of it. Im a retard stock trader. But so far reading a assload of info Fidelity sounds like the least amount of fuckery for retail investors. As with everyone, this is not financial advice and im a ape but dont eat crayons
Trading was halted for everyone- multiple times. It's done by the exchange- meaning nasdaq.
It may have halted by nasdaq, i cant confirm this for that particular instance. It did not halt for everyone that is not true at all. In real time i was communicating with different people on different brokers and it did not happen universally so dont come out stating things like its some fact that just happens that way. Were you even trading at the time it happened? Or just chiming in like you know and repeating something you read.
I trade regularly and had shares in 2 platforms all morning. Think what you want.
Many on fidelity and vanguard are commission free. Competing w those fractional share trading apps I guess
New to this. I have been using AmeriTrade. Do you know if they are friendly towards the Computershare? Trying to navigate this while learning as I go has been a wild ride.
I recommend getting away from TD Ameritrade. Sad, because I started with them many years ago.
What’s the preferred stock trader to go with?
Fidelity
Fidelity
I just started this adventure and didn't understand about the limit order vs. market order and used market order. Yep I took a beating, so now I have to hope it goes up way higher than the opening price yesterday. Live and learn.
I wouldn't worry about, 1. It's a learning curve, 2. It's a new stock, first couple of days is nothing to judge by, 3. Regardless, you're helping the Trump Train locomotive over the DS/CB!
I’d rather use money to buy DWAC than donate it to the RNC or any Rino candidate ever again.
White hot hate for the RNC me haves.
Buying a share of DWAC is the best contribution you can make to Patriots/Democracy/Etc etc
It could also split in the future which would double your number of shares. Of course, I believe the price then goes down but can always go up from there. I'm not a day trader so I'm looking to buy and hold for at least a couple of years.
My brother in law didn't understand market vs limit. Robinhood automatically buys at market unless you go through a bunch of clicks and loopholes. So when the market opened yesterday, instead of him getting what he thought were ~$63 shares, it forced him to buy ~$119 shares. Yesterday I could see that roughly 3% of the shares were bought at that price, and 3% was the highest grouping on the chart...so I'm assuming those were all people who got screwed hard by Robinhood.
Even at $119 its a steal, it could have been far worse. One Anon here had his shares filled at $175. I never use market orders, esp on volatile shares, for this very reason.
I'm glad I'm not the only one who took the rookie $175 beating.
I just found out about margin accounts....gme hodler since Jan
Yeah it will if there is no more fuckery. Apparently the stock is like 300% shorted or something according to someone, meaning they will have to really dig in and dig deeper to keep fucking around. But they cant afford to let it rise because it will sink their sorry asses due to all the shorts they already did. Would be fun watching them squirm though.
Thank you all for your tips. I didn't know about market vs limit. I plan to buy more dwac so I'll definitely use this information. God bless you!🙏🇺🇸
Have to really watch on if DWAC is volatile like it was thursday. I missed 6 buy in and sell bulk slots because i didnt guess right within a couple of $ .02, cents.
Always add a couple cents onto your order. Like, instead of $20.50, make it $20.52. Stocks often bounce on easily divisible units (like $x.00, or $x.50 depending on how much the stock is selling for). When they hit those common number buy orders adding those extra two cents helps ensure you'll catch it before it bounces too high.
At least that's my two cents.
True. And that poor Anon.
He didn't understand. I've been teaching him what little I know now. He also didn't understand that he placed an order for market hours instead of after market trading. Robinhood isn't user friendly at all. It just has you put in your total money you want to spend, then does everything else for you. Unless you go click something that says "Dollars" to get the full menu. It's awful.
Thats who bought my shares at 175!!!
I never saw the price actually hit 175, and the trend doesnt reflect that either.
Im buying back in on monday.
Yeah, in my brokerage account the graph never hit 175, but the high showed 175. Dont know if thats fuckery or just honest mistake
Yes, I wasn't watching every second but I only saw it get in the 140s.
How do you know 3% of shares were bought at that price? How do you find that out?
I think that's what it means on WeBull. Is the only way to share a screenshot/picture to create a new post?
Send me a check and I'm on it.
Me too please ELI5
Open an account at stock site like E*TRADE Would be first step Or find a stockbroker you trust
Just an FYI, ETrade put a hold on my funds for 3 business days, so I can't do anything. If you plan to use ETrade you'll have to choose an option, like wiring money, that doesn't put a hold on it.
I've been using WeBull. It allows trading with up to $2,000 uncleared. It also explains stuff well for a noob like me, like Stops and Limits. There were rumors it's owned by China, but I have no idea.
Whatever you do, don't use Robinhood. It's awful.
If you already have your bank account set up with e trade you just hit the top transfer options, click on your bank account and then your trading account and it’s usually there within minutes. No three day waiting.
Yeah, but I didn't have ETrade, so made a new account. Like these anons want to do, so was just warning them there might be a hold.
I linked my bank account, and since the ETrade account is new, it put a 3 day business hold on it. Arg. Oh well. I was wanting to get a few warrants, but not sure if it's worth it. I was able to get some stocks on WeBull.
I use WeBull and Fidelity haven’t had any problems.
Webull halted trading on DWAC for a loooong time Thursday. And DWACW, DWACU cant be bought or traded. The halted fucked me hard but other than that it is pretty easy for noob ape traders like me.
Fidelity shows a 1-2 day wait time to link up with my bank account. If the black hats try to sink it Monday, at least I'll avoid that!
Hahaha, I see a meme coming ...
Give it a NSFH label.
Not safe for hedgies.
I had a thought this morning about how similar DWAC sounds to $WHACKD.
Yep, that too! I was going to add it in this post, but didnt want to add speculations
If you’re looking in a keyboard, SHIFT + 4 = $. 4th letter of the alphabet = D. Does $ = D ?
I agree with you 100%. DRS is the only real way we can stop the manipulation of the market. Just as Q says and the constitution says, we the people have the power. Let's stop begging the SEC to do their jobs and let's do it for them. That will show everyone else not only how badly the markets are manipulated, but also how corrupt the institutions around Wallstreet are that were "meant" to protect the retail investors.
What i can't find is the transfer agent of dwac....if we direct register all 28m shares, they are done for.
DWAC: Down With All Commies.
It's good to see positive sentiment here about DWAC after spending an hour reading on the topic in r/wallstreetbets - the Orangemanbad psychos really tamp down any measure of objectivity. It's funny to watch them let their unhinged emotions cause some of them to avoid making huge gains, and others who did boasting on their pump & dump strategies and predicting eventual implosion of TMTG Corp because Trump. Orange Twitter...lol. Also, although I'm happy that I've got some of this and that I'm looking at $6k in gains from 2 trading days, I believe that theres way more to this beyond some stock market play; call it hero worship or whatever TF I dont care but Trump touched the Good Fortune button for America for 4 years through the MAGA movement and that proved his true intentions to me. Anyone hodling DWAC and eventually TMTG are owners of a piece of history.
"call it hero worship or whatever"
It isn't hero worship to think the guy can run a business well.
SPAC Force! Such a rollercoaster. Thank you for the bonus insight.
John Henry told his Captain:
A man, he ain't nothin but a man! But before I let that steam-shovel beat me down, Oh I'll die with this hammer in my hand.
Do you know more about how to dwac our dwac?
https://www.investopedia.com/terms/d/dwac.asp
I believe you can just call up your brokerage firm and request a physical stock certificate.
Alternately you can still use DRS, which has been exhaustively researched here
Okay, want to know. But I believe each stock is listed on one primary agent (there is a different name for this term) which is who you have to DRS to. For GME its computershare, but it could be different for the SPAC.
Signature guarantees are a royal pain in the butt. The people who provide the stamp are scared to do it, and hide behind hq-based (i.e., non-local, and they'll never talk to you) personnel. They'll be nice and help you if you have 100K on deposit. Better to avoid needing one.
Went in at $15 and holdin on!
GME is talking alot about their plans to be all digital in the future. Imagine if DWAC acquired GME
Yes, that's what we need. More megamonopolies.
DRS versus DWAC--Which is the smarter move?
If we DRS or DWAC our shares of GME/DWAC, will we be hampered by the time it takes to sell when those rockets eventually launch?
Should I DWAC most shares but leave a few out to sell quickly if necessary?
Synchronicity my friend. How we both posted at the same time a similar feeling.
God bless that black cat!!! 😍
Yeah its crazy!
I was watching it all day yesterday. Still happy it made 100%, but when it hit 171 it was halted. It dipped $30 after that instantly. Then halted at $144. Dipped another $30 instantly. Unbelievable. Interesting to see what premarket does Monday
This is a great post, thank you. I learned something today.
A helpful guide and explanation to DRS stock: https://www.thebalance.com/what-is-the-direct-registration-system-or-drs-for-stocks-357536
https://greatawakening.win/p/13zgbrixWz/to-everyone-following-dwac-today/
A lot of good info in this☝ thread, especially in the comment section.
Missed this one, thanks!
I am in a new boat in the Ocean. I don't sail. I don't navigate. I know nothing. I bought like 7 shares some at 130 some at 175 I think. It took 7 hours to: open a new bank acct for this only, to open a Robinhood acct etc. By that time the stock had gone from like 13 to 130...I missed out, but like I said I don't care, I AM IN! And staying put. God be with me and all of us! Thank you for info, Patriot! But, I am still IN!
is there a specific reason?
thanks for the details, new to all of this, so have to figure out the basics. do you have one you prefer?
good to know, hadn't thought about fidelity, but I know they've been around for a long time. and I would like to get some of the DWAC. makes more sense to me than GME.
Both are extremely good investments. Do not mistake GMEs long battle at 180 to make it a bad investment.
Get the Hell out of Robinhood as fast as you can. Fidelity is the way. Then have Fidelity perform a DRS Transfer for whatever percent of your shares you'd like to have actually in YOUR NAME - to ComputerShare.
ok
The link to China may be a clue to us by Trump that he has brokered a deal with China behind the scenes?
Its quite possible, even Q has hinted that China is working with the White Hats
true that ... it's xi vs. jiang cabal [ chyna ds / ccp ]
Do you have any good info (speculation okay) related to this?
I got some!
Thank you pedes for sharing this last week! I didn't buy much but it's fun to watch and be a part of ... I can't wait until Monday. :)
I don’t know what that means but it sure sounds good to me
John Henry was a steel drivin' man.
Question. I've heard over the years that putting in a limit order to sell your shares also locks them up and prevents short sellers from using them. So if you had a stock at 10 you could put in a GTC limit order to sell your shares at 20. I guess the argument is that they are in play to sell no matter how far from the price and can't be taken away for short selling...
You familiar with this?
I have heard of this aas well, and for the longest time I had put in a limit order for my GME at $500, but I cancelled it. First, I dont know when the MOASS happens, and when it happens if my GME gets sold I will cry for the rest of my life. Second, I havent been able to confirm this theory authoritatively.
Also think about it - if the stock you own is a "phantom" share (the brokerage just created it based on the real stocks they are holding for someone else), and when you sell they just get rid of the phantom share, why would this situation change if you put a limit order? At what point will this situation change? Nothing really happens when you place the order, except a few entries in their database.
When you DRS on the other hand, there is a clear process they have to follow that ensures they need to find a real stock for you. So I am inclined to believe this limit order theory is a urban legend. Happy to be proven wrong.
There are two problems with this line of thinking.
First, there’s no reason for the black hats to care what happens to DWAC’s share price - the money that goes to Trump Media and Technology in this deal is the money that the SPAC raised at its initial offering, $10 a share. The profits from the run up in the share price after the announcement don’t go to Trump or TMTG, it goes to the various hedge funds that bought into the SPAC when it was formed.
Second, Trump didn’t pick the name. The way it works, a bunch of investors form a SPAC (in this case, DWAC), put money into it, do an initial public offering so that the shares can be bought and sold by anyone…. And then choose the company they’re going to acquire with their capital (in this case, TMTG). The only way Trump could have chosen the name would be if DWAC had been formed for the purpose of funding Trump’s TMTG from the beginning and this fact was not disclosed at its initial offering, and that sort of failure to disclose is pretty much an guarantee of jail time for everyone involved.
For the first part - its not about how much money DWAC gets, its about the publicity Trump's venture is getting. MSM running BS articles about hackers hacking an app that does not even exist. MSM creating FUD with muh chyna connection. MSM shills coming here telling us to be scared of the standard TOS terms.
These fuckers care about the narrative, and if Trump's social media gains traction unchecked with DWAC going to the moon even before it anything but a shell, it would literally kill them.
From SEC filing:
So you are right about that, but, what if they lied there and the only way to prove it is to use this name coincidence? I jest, but seriously, no one would care if thats the case.
OR, what if Trump chose this SPAC only because the name fits?
There are possibilities, but we just have to wait and see.
So I got in at 18 - so I just hold now? How long do we think they’ll keep messing with the stock?
Yeah keep hodling my fren. I think they will keep messing with it until the MOASS / Storm hits. I believe its all coming together, not too far off. Soon the Trump will launch the beta release and its sure to kick things to the next notch. Hold whatever you can afford to lose, in the worst case. If its too much, you can sell part of your holding to cover your cost and then its all free money.
Trump picked the name? Seems like this corporation was created in December 2020. Did Trump create this company? And from this link it shows the symbol as DWACU.
https://www.nasdaq.com/market-activity/ipos/overview?dealId=1160890-97726
Correction, the link I provided says DWACU is the proposed symbol.
There's actually 3 tickers DWAC, DWACW AND DWACU. These are different types of warrants or stocks playing to the same end, which will end up being the new company IPO. The three vary in risk with DWACW being the highest. The final name won't be any of these. It will switch over.
I'm not a pro, just another squirrel searching for nuts, sharing what little I know...
Very interesting good dig
So I did the DRS of my GME since I was in it for the long haul, but I’m confused on what to do with my DWAC. I own all 3 (direct stock, units and warrants). You can’t DRS any of the DWAC (yet), so is there something we should be doing with it at this point?
I am not really sure if we can do anything right now or we have to wait for the actual merge. I made the post mainly to point out the coincidence of the name.
I found this on superstonk on how to DRS in Ally…
https://www.reddit.com/r/Superstonk/comments/pzwu67/complete_process_to_transfer_drs_from_ally_invest/
Should I be going DRS or DWAC?
Still investigating, I believe (I might be wrong) we can do DRS only after the merge with TMTG happens. At this point I consider the whole "DWAC" name to be a huge clue as to what comes next rather than an immediate call to action.
Did anyone notice trading halted at $76.66 Friday? Anyone that held 10, 100 or multiples of 1000 shares saw 666 in their portfolio.. seems like a message was being sent.
I missed the halt at $76.66 - I caught it at 154, 131 and 120.
This is a great post!
I would like to direct register my shares but still be able to daytrade them. Is this possible?
Usually not. DRs make them more illiquid.
Shares in a regular broker are essentially IOU’s - easily exchangeable - but not in your name or true ownership. These shares can be used by hedgefunds to supress the price.
Directly registered, they are safer and in your name. Selling is easy, but buying takes 3-5 days, because you’re getting the real thing delivered. These shares are untouchable by anyone other than yourself. These hit the market and raise the price.
I don't believe you can do dat trading if you DRS. It might be a good idea to set aside atleast a portion of your shares for long term HODL and DRS those, while you day trade with the rest.
I am still checking to see when DRS will be possible for this. I am guessing once the merge happens, lets see.
First time investing. I couldn't get in on day one because finds had to deposit. I lost $700 yesterday. I bought the second before it crashed.
Luckily im not super attached to the money. It was some spare savings. I can afford to play the long game.
Fascinating stuff. Ty
You think I'm good with 70 shares of it?
In the best case - its like owning 70 IPO shares of Google. You would have been a millionnaire by now, and there is no reason why that wouldnt happen with this as well - in the best case.