DWAC transfer agent is "Continental Stock Transfer & Trust Company". Call them (800.509.5586) to verify/discuss process: https://continentalstock.com
Send a few shares over from your broker via a Direct Registration of Stock (DRS) request to broker to verify process. Get Continental account access checked and working. Verify they come across as “book” (there is currently no investment plan option at Continental for $DWAC). Brokerage address on file is what is sent over to Continental for them to send you paperwork, etc. I have confirmed it works and have all my shares except 1 now at Continental in "book".
Continental is also transfer agent for $PSQH, $SPCE and $NKLA, all also heavily shorted. Computershare is transfer agent for $GME, $AMC, $RUM, $BB, $JWN (Nordstrom), with the last one an apparent target of $GME CEO.
DRS changes ownership from “held in Trust as broker property for your benefit” (custodial) to “individually owned by account owner” (direct ownership). Equivalent to holding your own gold, silver, offline Bitcoin private wallet, cash in your private safe, or allodial land title.
Any shares you plan to hold for a longtime (i.e. until ~2027 when warrants can be exercised) are best held at transfer agent in "book". This prevents them from being lended out or borrowed against without your permission.
While held in a brokerage they are "custodial ownership" which means you do not actually own them, they are only held "for your benefit" and the brokerage can lend them out as they wish, usually to Hedge Funds which are borrowing them and then selling them short to push the price down.
I really hope the impending crash is a magical judo move that bankrupts the banks and hedge funds and not the people
DWAC transfer agent is "Continental Stock Transfer & Trust Company". Call them (800.509.5586) to verify/discuss process: https://continentalstock.com
Send a few shares over from your broker via a Direct Registration of Stock (DRS) request to broker to verify process. Get Continental account access checked and working. Verify they come across as “book” (there is currently no investment plan option at Continental for $DWAC). Brokerage address on file is what is sent over to Continental for them to send you paperwork, etc. I have confirmed it works and have all my shares except 1 now at Continental in "book".
Continental is also transfer agent for $PSQH, $SPCE and $NKLA, all also heavily shorted. Computershare is transfer agent for $GME, $AMC, $RUM, $BB, $JWN (Nordstrom), with the last one an apparent target of $GME CEO.
DRS changes ownership from “held in Trust as broker property for your benefit” (custodial) to “individually owned by account owner” (direct ownership). Equivalent to holding your own gold, silver, offline Bitcoin private wallet, cash in your private safe, or allodial land title.
.....what am i supposed to be doing woth my DWAC?
Any shares you plan to hold for a longtime (i.e. until ~2027 when warrants can be exercised) are best held at transfer agent in "book". This prevents them from being lended out or borrowed against without your permission.
While held in a brokerage they are "custodial ownership" which means you do not actually own them, they are only held "for your benefit" and the brokerage can lend them out as they wish, usually to Hedge Funds which are borrowing them and then selling them short to push the price down.