The concept is shares held at a broker only exist in your name because the broker says they do. You get a brokerage account that lists your name and the numbers of shares you have. What we have learned is there’s no guarantee the broker actually possesses your shares. And if they do have your shares, there’s little to prevent them from lending out your shares against your wishes to people wanting to short them driving the price down.
Because many GME holders (myself included) believe the stock was heavily naked-shorted we feel a squeeze (the Mother Of All Short Squeezes - MOASS) is imminent.
Registering at Computer Share accomplishes several goals. One, it directly registers your share to your name. Two, your share can not be loaned out to people wishing to suppress the price. Three, if a number that is 100% of the legally issued shares can be directly registered, it will conclusively prove that synthetic shares exist and all shorted positions will be forced to close. (Estimates go from 165% - 3200% of shares existing)
If shorts are forced to close, they will be forced to buy at whatever price is available. Most of us aren’t selling for anything other than generational wealth per share.
As far as how to accomplish moving your shares from your broker to Computer Share, it varies per broker. Some are easier to do than others. You should consult the r/superstonk computer share info page and hope you are using a friendly broker.
Best to do a hybrid method keeping some shares in each location. Computer Share does charge a fee to sell. ($25, I think) Obviously, in a MOASS scenario, that doesn’t matter. But, apes who have tried out the selling methods on CS reported no complaints so far. I have no idea how MOASS craziness could affect CS, but I also wonder how they would affect a broker. Particularly a broker who doesn’t actually own a share that is now worth 6-10 digits.
When you direct register shares you take them out of the DTCC and register in your own name. If you buy through a normal broker they are in the brokers name not yours. GME’s transfer agent is Computershare. It only takes a call to your broker and tell them you want to DRS through Computershare. Then those shares are not able to be loaned out for shorting hedge funds. There is a comprehensive guide on r/SuperStonk at the top of every post.
From what I understand when you own a share you can call the broker and have them direct register in your name which removes the ability of them being able to short it and do other sketchy stuff.
I have not done it yet so I will also be following but I believe you call your respective broker and they can help.
The concept is shares held at a broker only exist in your name because the broker says they do. You get a brokerage account that lists your name and the numbers of shares you have. What we have learned is there’s no guarantee the broker actually possesses your shares. And if they do have your shares, there’s little to prevent them from lending out your shares against your wishes to people wanting to short them driving the price down.
Because many GME holders (myself included) believe the stock was heavily naked-shorted we feel a squeeze (the Mother Of All Short Squeezes - MOASS) is imminent.
Registering at Computer Share accomplishes several goals. One, it directly registers your share to your name. Two, your share can not be loaned out to people wishing to suppress the price. Three, if a number that is 100% of the legally issued shares can be directly registered, it will conclusively prove that synthetic shares exist and all shorted positions will be forced to close. (Estimates go from 165% - 3200% of shares existing)
If shorts are forced to close, they will be forced to buy at whatever price is available. Most of us aren’t selling for anything other than generational wealth per share.
As far as how to accomplish moving your shares from your broker to Computer Share, it varies per broker. Some are easier to do than others. You should consult the r/superstonk computer share info page and hope you are using a friendly broker.
Best to do a hybrid method keeping some shares in each location. Computer Share does charge a fee to sell. ($25, I think) Obviously, in a MOASS scenario, that doesn’t matter. But, apes who have tried out the selling methods on CS reported no complaints so far. I have no idea how MOASS craziness could affect CS, but I also wonder how they would affect a broker. Particularly a broker who doesn’t actually own a share that is now worth 6-10 digits.
When you direct register shares you take them out of the DTCC and register in your own name. If you buy through a normal broker they are in the brokers name not yours. GME’s transfer agent is Computershare. It only takes a call to your broker and tell them you want to DRS through Computershare. Then those shares are not able to be loaned out for shorting hedge funds. There is a comprehensive guide on r/SuperStonk at the top of every post.
Following.
Look at the pinned thread on superstonk or gme jungle. They have instructions for every broker.
Computershare and gme also have a 800 number to call for our overseas frens.
From what I understand when you own a share you can call the broker and have them direct register in your name which removes the ability of them being able to short it and do other sketchy stuff.
I have not done it yet so I will also be following but I believe you call your respective broker and they can help.
https://www.reddit.com/r/GMEJungle/comments/ozbr2t/god_tier_gamestop_direct_stock_purchase_plan_drs/?utm_medium=android_app&utm_source=share