DTC instructed brokers this GameStop was a split NOT a dividend! (BIG difference! One splits shares the other receives NEW shares) They didn't have enough shares to distribute! This is HUGE! MASSIVE FRAUD by the regulating agency! MILLIONS of shares are owed to investors on brokers in the US and overseas. This is like your government job paying you in counterfeit bills.
This is the end of the DTC and current stock market system. Blockchain stock system coming soon! Financial revolution! MSM Silent.
The financial arm of the plan is becoming clear!
Yeah wish I understood the DRS stuff more. From what I read can cost hundreds to do this?
I have some GME through SAXO, when split happened I got the additional shares, from what I can tell.
Does that mean I've actually got them then?
There was some auto action on there, sold my shares at old price, then purchased 4 for each share at the new price.
They should NOT have done that. That's a taxable event. Your shares should have never been sold. You should have simply been given more.
I dunno about DRSing through SAXO, but you can ask on superstonk or another GME subreddit. I'd get on that if I were you.
No worries, will have to.
I just assumed it was just the mechanism they were using to get to the new price of 25% of the original.
But I guess what you're saying is they should have just provided 3 more, and price on all should have been adjusted to 25% of what it was before.
If you do not hold it, you do not own it.
Digits on a computerscreen are not holding shares, silver or currency. It is all based on hope the counterparty will honor the contracted commitments.
With what you know today, do you really trust the financial sector?