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.
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.
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.
Much appreciated, fren