Direct Registered Stock, or something to that effect. It's essentially that the stock you buy is registered to you and not a broker, or something to that effect.
Instead of buying then DRSing, try opening an investor account with Computer Share and buy a whole share/s through them as they are the DRS for GME.
I don't think it's possible to make a CS US account without first owning shares in a company listed on a US exchange. Important to note that they have offices in other countries that manage shares from local exchanges - perhaps if you live in one of those countries you could quickly DRS whatever shares you may own there, obtain an account and then use that account to buy GME from Computershare US.. Idk.
How the process works is you basically send a letter to your broker instructing them to transfer the shares to CS and that process leads to a 1/2 day account creation process.
I thought I'd seen someone on Reddit/SuperStonk say that he opened a CS account then transferred or bought or something. But I may be mistaken, and likely am after your post, and I spend as little time as possible on R, just an occasional GME check. I don't have enough karma to post so that kind of deters me from spending much time there.
I moved my shares from IBKR, I initiated the DRS from with my account there, no calls, emails or any of that. Forget how long it took now but was about average maybe a bit under.
Interesting. Yes, I'm the same with the >1200 karma req and just lurk for good posts. Best thing I seen recently was a post explaining how with a 'Wise'+CS account non-US apes can cut their money transfer time from days to hours.
Basically Wise seems to be the cheapest money transfer service/bank out there and you can convert currency at the real rates with a fee of only 0.3% or so. Also unlike its competitors when you open a second currency account it generates a new IBAN within that country - so a $ account is a US IBAN, speeding up the money transfer €/?->$ by days.
directly register shares (into your own name). Can do with Computershare Investor Services, the white hat company in charge of issuing shares for another WH company - Game Stop Corp. (A honeypot that Wall Street fell for)
Basically most the brokers are corrupt and if you use them you technically only have an 'IOU', not a physical share, and they do things like lending your shares out to shorts, driving the prices down.
Furthermore, the big financial players behind the cabal have 'naked short sold' GME, which means that they're invented shares out of thin air so as to short without paying a lending fee.. There are currently more shorts than total legally-issued shares of GME and many are holding synthetic, Fake shares which may go to Zero before DRS'd/real shares go to the moon.
Some say it doesn't matter and that your GME can go to the moon either way, that DRS just brings it on quicker... But they're probably wrong.
What's been happening is that people aren't selling their GME and the shorts are paying higher and higher fees to maintain their position, using dirty tricks to avoid covering and basically printing fiat like crazy to buy/invent more and more synthetic shares in order to short and drive the price down (selling more and more fakes which makes their eventual debt higher - essentially kicking the ball down the road).
What is DRS
Direct Registered Stock, or something to that effect. It's essentially that the stock you buy is registered to you and not a broker, or something to that effect.
Instead of buying then DRSing, try opening an investor account with Computer Share and buy a whole share/s through them as they are the DRS for GME.
I don't think it's possible to make a CS US account without first owning shares in a company listed on a US exchange. Important to note that they have offices in other countries that manage shares from local exchanges - perhaps if you live in one of those countries you could quickly DRS whatever shares you may own there, obtain an account and then use that account to buy GME from Computershare US.. Idk.
How the process works is you basically send a letter to your broker instructing them to transfer the shares to CS and that process leads to a 1/2 day account creation process.
Can confirm it is possible to open an account and buy shares through CS without using a broker.
Interesting, how long did the process take and how did you do it?
I thought I'd seen someone on Reddit/SuperStonk say that he opened a CS account then transferred or bought or something. But I may be mistaken, and likely am after your post, and I spend as little time as possible on R, just an occasional GME check. I don't have enough karma to post so that kind of deters me from spending much time there.
I moved my shares from IBKR, I initiated the DRS from with my account there, no calls, emails or any of that. Forget how long it took now but was about average maybe a bit under.
Interesting. Yes, I'm the same with the >1200 karma req and just lurk for good posts. Best thing I seen recently was a post explaining how with a 'Wise'+CS account non-US apes can cut their money transfer time from days to hours.
Basically Wise seems to be the cheapest money transfer service/bank out there and you can convert currency at the real rates with a fee of only 0.3% or so. Also unlike its competitors when you open a second currency account it generates a new IBAN within that country - so a $ account is a US IBAN, speeding up the money transfer €/?->$ by days.
Direct Registeration System. ComputerShare is Gamestop's transfer agent. It pulls yours shares out of the DTCC.
Drsgme.org Read. Learn. Welcome to the revolution.
directly register shares (into your own name). Can do with Computershare Investor Services, the white hat company in charge of issuing shares for another WH company - Game Stop Corp. (A honeypot that Wall Street fell for)
Basically most the brokers are corrupt and if you use them you technically only have an 'IOU', not a physical share, and they do things like lending your shares out to shorts, driving the prices down.
Furthermore, the big financial players behind the cabal have 'naked short sold' GME, which means that they're invented shares out of thin air so as to short without paying a lending fee.. There are currently more shorts than total legally-issued shares of GME and many are holding synthetic, Fake shares which may go to Zero before DRS'd/real shares go to the moon.
Some say it doesn't matter and that your GME can go to the moon either way, that DRS just brings it on quicker... But they're probably wrong.
DRS, do it today, do it now: https://www.drsgme.org/
What's been happening is that people aren't selling their GME and the shorts are paying higher and higher fees to maintain their position, using dirty tricks to avoid covering and basically printing fiat like crazy to buy/invent more and more synthetic shares in order to short and drive the price down (selling more and more fakes which makes their eventual debt higher - essentially kicking the ball down the road).
In other words, 'hedgies are fckd'.