"The calm before the storm" you say? GME is part of it!
(media.greatawakening.win)
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And done. Got my GME DRS’ed today to computer shares. Thanks for the reminder fren!
What does DRSd to computer shares mean?
In the stock market, when you buy from a traditional broker you don’t really have your name on the shares you bought. The brokerage essentially can do whatever they want with your property. That is called “Street Name”, your shares are registered as “Street Name” when being held by a brokerage.
When you Directly Register Shares (DRS), you remove them from the brokerage and DTCC and instead of Street Name, your name is actually placed in the ledger which the company has access to.
So GameStop investors are removing their shares from their brokerage and register their names on their shares directly which GameStop means in GameStop’s shareholder ledger they can see how many shares are owned and by who.
Every quarterly earnings report GameStop has been reporting how many shares have been directly registered. Currently ~46% of the available shares on the market are owned by 160k people, confirmed by GameStop. The average trading volume of GME is currently 3.7MM shares a day and there are ~17MM shares available on the market. You can do the math there on how supply limited this stock is becoming lol.