$AMC Apes don spacesuits for rocket launch as borrow rate hits record 856%
(media.greatawakening.win)
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The AMC CEO seems to do a lot of nutty shit. It's why I didn't continue riding that rocket..
What went down with Mainstar recently was fascinating. Lot of apes used Mainstar to DRS their retirement shares and Mainstar turncoated on them and put all the shares back into DTCC!
https://www.reddit.com/r/Superstonk/comments/14sr8nu/why_the_mainstar_fiasco_is_extremely_bullish_we/
u/MemTODeath2021 is there a similar DRS initiative among the AMC apes? I notice they use computershare as well and I DRS'd a handful of both AMC and BBBY just to see have as reference points to my DRS'd GME.
The AST/Equiniti (transfer agent for BBBY) has been down for at least a week. Might as well not exist. Pretty nuts!
https://equiniti.com/us/ast-access/individuals/
Been watching the mainstar thing along with the “oh shit I said hit” video.
It looks like alternative to Mainstar is to setup one's own LLC to hold the IRA assets. This is shown here: https://www.drsgme.org/direct-register-shares-via-transfer-to-llc
Lot of work, but don't let it discourage you. Me personally, I dislike how complex it has to be so I might just go ahead and do an In-kind trasnfer from my IRA to fidelity cash account and then DRS. Take the early distribution penalty and say fuck it.
Would be curious what you decide. Have a quite a few in my ira brokerage and was following this pretty close last week...pretty crazy. Went though https://www.irafinancialtrust.com/ as the other option but leaning on leaving them where they are....the whole 'gotta DRS 100% of your GME' rhetoric/FUD was a bit over the top last week IMO.
Idk if it's FUD. But we see what brokers are doing. DRS is what they do not want.