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
... 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 :)
DWAC is not listed on computershare for DRS - how do we DRS or deposit/withdraw @ custodian the DWAC security?