Trump Media and Technology Group (DJT) Gives Advice To Concerned Investors on How To Prevent Their Shares From Being Loaned Out ...
Incidentally, Trump Media and Technology Group closed out today on a positive note, constituting a departure from the bearish regime that reigned over the past few days.
DJT is taking the fight to the short sellers.
https://twitter.com/azkyrie/status/1778489030855811401
The fact that TMTG is telling people the method to DRS is huge (by using the Odyssey transfer agent method - OPTION 3 in the list). Remember no one ever talked about DRS before the GME saga.
If you won't DRS (you really should if you want to actually own the shares in your name), at least use one of the other methods provided to stop your DJT shares being loaned out to short sellers.
Heres the tweet from the article: https://twitter.com/JulianKlymochko/status/1780585457119539532
And heres the full text copied from the TMTG website: https://ir.tmtgcorp.com/faq/
I think option 3 (moving your shares to Odyssey Transfer and Trust Company) is probably the safest
For people unsure about the whole DRS thing, this website explains a lot.
It's specifically for GME and their transfer agent Computershare, but a lot of the info is the same for any transfer agent (like Odyssey).
https://www.drsgme.org/why-register-shares
Also you can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
I have Fidelity the scammers, what do you guys think? Should I move my shares to Odyssey Transfer?
If Trump's company says soz then yeah.
Plus you should DRS everything else you own!
I see the caveat that moving to Odyssey can trigger costs and slow transfer back to a brokeraqe for sale.
So, by DRSing, I effectively take my stocks in a holding position and have to use a brokerage to sell and/or buy more? I would appreciate as much insight as anyone is willing to offer, as I need to fully understand how it works before making the move from Fidelity.
I can't answer for Odyssey, but Computershare (transfer agent for GME) has direct selling from their website.
The only delay would be if you want to transfer them back out to a broker before selling. But why would you ever want to do that? That part is probably there in the interests of full disclosure which is fair.
Hope someone else can answer the selling direct from Odyssey question.
Thank you fren. Sounds like CS may be the way to go -- if they handle DJT (and ideally the open market).
CS dont handle $DJT. They handle $GME. Odyssey is the transfer agent for DJT.
Lots of good info about DRS and transfer agents on this website:
https://www.drsgme.org/why-register-shares
Call Odyssey and let us know!
I'm hoping to get to that soon . . . got a full plate at the moment!
Moving DJT to Odyssey Transfer would be the same as moving GME to ComputerShare. I did that for GME and plan to do this for DJT as well.
Thank you.
interesting DJT can outright say to DRS. Ryan Cohen had to hint at it through memes.
If you notice They don't actually say DRS. Just tell you about transfer agent. Also no mention of shares being owned in DTCC Street name etc.
There is speculation that there is some sort of legal gag order with GME not being able to outright say it. Ryan Cohen met with the SEC soon after the sneeze.
He is def not allowed to publicly do anything that would be perceived as intentionally causing MOASS.
And now there is also fuckery with the way DRS numbers have been reported by Cohen for the last year.
Yes, everything you've said I have heard about. Prob the truth.
I think deepfuckingvalue was a white hat op to start this attack on corrupt wall street. He was the perfect actor. Super nice guy, charming and just fun to listen to. He doubled down after he made like 40 million. No one does that unless they are trying to start a movement.
I was going to comment the same. When GME DRS was ramping up, there were posts talking about how there was a law/rule that companies could not advise, recommend, or even mention the option of DRS to investors.
Was that misinformation spread by infiltrated Reddit message boards?
Seems so! Maybe this this just another hint from Q that DRS is the way and we moon. I'm gonna stop saying moon soon.
Also Fuck Newsom!
If you have time can you go to truth DJT stock group,and red pill them on how the market actually works. They are pretty clueless.
I'm working so don't have much time.
How do I find the djt stock group?
On truth Click the three dots on the bottom left it opens up groups and search for DJT on the top right.
There's a few of them:
DJT_DWAC Public • 2.32k members
$DJT Shareholder Group Public • 1.67k members
Yes they seam to be were we were with gme, 3 years ago. On the plus side with Devon and Trump we have some big guns fighting for us.
Hope we aren't pawns in the game. I always think that WHs want to make investors pissed off to get them to the precipice. (By losing all our money we invested). That would suck
Does this work with IRA accounts without creating a holding corporation?
“Pretend” I’m dumb on this and ‘splain me like I’m 5.
ChatGPT can do this. Break things down into simpler terms for you.
Very handy.
You can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
Thank you!
I don’t believe so.
It sounds like they’re saying it does above here, but I’m a bit thick on financial regulations with government holding accounts.
It is not allowed under IRA accounts.
As a matter of fact, there was a kerfuffle in 2022 with GME where a registrar agent named mainstar allowed IRA Shares to be DRS'd with them as the account custodian... just took dump the DRS'd shares to market claiming that they did not want to do it anymore.
Many of the dumped shares got sold causing a shit storm as many people ended up with a major taxable event.
It also just so happened that they did this JUST before the cutoff date for the shares to be counted for earnings.
Thanks, sounds like IRAs are just going to have to contribute to float.
Much appreciated, fren
u/bubble_bursts can we get this stickied? DJT investors have to see this.
Seconded
Why is this removed from the sticky list already?
Our fight against corrupt Wall Street is a yuge part of the overall plan to make America great again, and Trump is now leading the charge and showing us how to fight back.
This is vitally important info, and should be stickied at least through the weekend, so as many people as possible can see it.
Yeh gotta say this should be stickied for a lot longer. Perhaps I should have identify as a dog or something?
This is coming direct from Trumps company about DJT.
And people obviously have a lot of legit questions about the finer details. And there isn't much clear info out there about the processes currently.
Feel free to do the request sticky thing...nudge nudge doggy winks...howl...chases tail...licks own balls etc etc
Very good question. No idea...Hopefully someone can answer.
They short the fuk out of the warrents, but I don't belive they can be registered.
Sweet! DRS, here we go!
Here's a link for Odyssey:
https://odysseytrust.com
And a direct link to login/register
https://uslogin.odysseytrust.com/hlogin
Edit: disregard, not sure how to sign up. If anyone does or has, post up to help the rest!
If you previously had DWAC shares DRS'd with Continental, the shares automatically get transferred into your Odyssey account, which was created for you. To access this new Odyssey account for the first time, you will receive instructions in the mail and have to call them to get your default password for your new account.
If you did not previously have a Continental account, but have now initiated a process to DRS your DJT shares from your broker, the new Odyssey account will automatically be created by Odyssey.
If you have any doubt or worry about where your shares are after initiating the DRS process you can always call the transfer agent (Odyssey). Odyssey was very helpful for me.
Thanks, good stuff!
I was just looking through Odyssey's site but I'm thinking I'll wait until I've exercised my warrants.
I'll have to see what E*Trade will charge for the transfer.
I ran into the same problem trying to DRS shares to Computershare. WeBull told me I must have pre-existing Computershare account, but could never open one without the shares to put in!
Go to FAQs on Odyssey page, scroll down to forms and click on Stock Power Form. I believe you have to fill this out and submit to Odyssey to transfer stock to them. At least that is what it looks like to me.
I will try this!
Well I hope you didn't just give up after that. Your Computershare account is created by your broker when they DRS transfer the first share. You will then receive your account login details and go from there to create a password etc.
If people still haven't DRS your GME shares then use:
https://www.drsgme.org/register-from-broker
That website has step by step instructions for every broker including webull. Now you have no excuse :)
Someone should setup a website like that for $DJT
The request, and all details, went in writing to WeBull who then responded I must have a prior account. With no phone number to call and frustrating hours into it, I took a hiatus.
Thank you for the poke, I will get back at it today!
It seems complicated at first, but its really not that hard.
You will feel much better having the shares legally owned in your name. Heres the WeBull step-by-step instructions.
https://www.drsgme.org/drs/direct-register-shares-from-webull
Huh, yeah I don't recall now when I DRSd my GME, but I do recall reading over on the reddit DRS guide if you didn't have a CS account one would be created once your shares were received.
I'm pretty sure I created an account first. I hate doing much on my phone so I'll have a look at Odyssey when I get home.
You can start it by calling you broker, they will push the shares for you. You then open an account.
Not all transfer agents are good and customer friendly like computershare. AST the transfer agent for BBBY didn't allow limit sells and had shitty customer service.
Do you know if Odyssey allows limit selling?
I have no idea, I asked that on truth, but didn't recive an answer. If they don't allow limit sell we need to ask how often they sell. Computershare only did it once a day.
That's no good if we get a moass or even if the stock is volatile.
I know Computershare do a group buy once a day. Never heard that for selling.
As for as i know the "limit sell" will sell immediately once the amount is reached. Especially in a squeeze situation because the margin call algos will be on autopilot and will be snapping up any shares available.
Computershare has a limit sell. AST the drs for bobby does not.
Fidelity actually CALLED me to tell me about the share loan process. When I asked what they would be used for, the broker mentioned that they can be used to short stonks. I said I don't think I would want to DO that . . . he said the return to me, based on my holdings, would be over $10K per month. I made that back almost 3 times over the past 2 days . . . NO THANK YOU!~
I'm glad to see this article, as it confirms my novice view of what is happening.
TO THE MOON! Screw the shortists
Price banging up today.
Yes, it is.
It is worth voting in elections since you only get one vote? Yes, it is.
How about if I have only 6shares?
Yes it is! You don't own them per your brokerage small print. That's why DRS is even a thing.
AFAIK If you are HODLing thru Fidelity, you do not need to DRS shares.
Periodically you will get a banner popup from Fidelity asking if you would like to earn additional income on the stocks you own by loaning them out. I always decline.
Sidenote: This news is hitting the financial websites and seems to have driven up share prices by 5$/share, (😊) unless there is other news I've missed.
NFA.
With GME there was research that suspected many brokers lend them out no matter what.
They are only giving you an IOU most of the time without actually going and purchasing a share on your behalf.
All non DRS'd shares are a fraudulent mess of digital IOUs that don't even have your name attached to them, and this allows all sorts of bullshit to happen. And then you get into 'rehypothicated shares' which are basically them trading shares that don't actually exist.
DRS through transfer agent is the only way to actually own them in your name, which also takes them out of the IOU pool.
I tried to find out if etrade could use mine, if I could opt it or whatever & I couldn't find any info on their site.
DRS is still the only means of actually owning the shares in your name.
This website explains it all:
Fidelity has one of the larger coffers, and probably wont go bankrupt (unless GME MOASS happens first, then it could get...interesting)
But trading restrictions are a very real possibility, even with a large coffered company like Fidelity.
I have had nothing to with American shares since the early 90's. Back then I took the certificate in my name and held it personally. Can't you still do that? Why does everything have to be with a custodial brokerage?
I keep my crypto in my own wallets these days.
It's technically possible to hold paper shares,if the stock company supports it. With gme computershare ran out of paper and gme would not print/ issue more.
Yes, but they charge you a fee for it, and you'll need to keep them safe.
I have my shares in my retirement plan at Wells Fargo. Would that stop them from trading them? Do you think I should do anything else?
Mine are also in a retirement fund and they said I could NOT direct register them. Might be worth a shot at having the shares put into a cash account and telling them you don't want any shares loaned out if that's allowed. 🤷♂️
Thanks so for the info!
You can DRS shares held in a retirement (IRA) account. Its a bit more involved and can cause tax events. This website gives guides on how to do it:
I see what you sent. It looks like Wells Fargo is on the list. Thanks for the great info!
how come the transfer agent is different from the dwac one.
DWAC is only half of DJT. Odyssey may have already been the agent for TMGT. The two companies merged.
When the merger happened, the DWAC transfer agent (Compushare?) would have moved any shares you own over to Odyssey. If you had DWAC shares already direct registered, call Odyssey.
that makes sense, thanks
What’s the float like? Like we found out with GME unless the float is small and you can register all the shares it doesn’t matter since they just poof more out of thin air
Float is very tight with DJT most shares are owned by insiders and diamond hand supporters. No institutions have bought any yet.
This is why I don't like gambling. You're taking a severe risk with your money by NOT DRS'ing.
Paging
u/valueFuckingDeep/ u/merf u/edwinbarnesc
please report to the...you know...the thing
It's good info. I think word on share ownership vs entitlements is trickling out. Need to let as many people in our personal circles know as possible.
I wonder if any other company ever done this? Provided steps to stop shorting, and include DRS in the recommendations.
You should care. If you have more than one braincell.