No longer a ‘Meme Conspiracy’ - GME affirms they DID deliver shares to DTCC
(news.gamestop.com)
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So, wait .. a person who had 100 shares now has 400? Is that what you mean? And what you're saying is that this DTCC (whatever that is) didn't follow instructions and did something wrong, so now they're in trouble?
Some companies just do a share split. IE. they instruct all investment companies to (in this case) multiply all shares by 4 and dividing the price by 4.
Gamestop did a stock dividend split. So Gamestop increased the total number of shares by 4 and handed the DTCC something like 200m shares to divvy out to the investors. As of right now, all we know is investment companies were instructed by the DTCC to just multiply their shares by 4 and were never given any of the newly issued shares. Where are they?
Ohh ... thank you for explaining more. Where are they, indeed?
yes, yes, looks like it
Clearly, I know nothing about the stock market. But I do know that something has been cooking with GME, so it's interesting to sort of follow, even if I don't fully understand.
I hope you take the time to buy a few of them. I think you'll be happy you did.
Alright, thanks. About what are they selling for these days?