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.
How do I prevent my shares from being loaned for a short interest position?
Brokerage firms may facilitate short selling in DJT’s shares by lending DJT’s shareholders’ shares held in margin accounts. Through this practice, brokerage firms earn an alternative source of revenue by “lending” shares to sophisticated and institutional investors who are betting that the price of the particular stock will decrease over a period of time. If the price of the stock in fact decreases, then the brokerage firm and the sophisticated and institutional investors will have made a profit, while the ultimate retail investor has not.
For long-term shareholders who believe in the Company’s future, the Company is highlighting the following actions you can take with your brokerage firm to prevent the lending of your shares for short selling:
holding your DJT shares in a cash account at your brokerage firm instead of a margin account (a model instruction letter is set forth under the heading “Example Form of Letter to Broker” below); or
opting out of any securities lending programs, which should stop your broker from lending your shares; or
moving your shares to Odyssey Transfer and Trust Company, the Company’s transfer agent (please note that you may incur certain costs in connection with any such transfer and once your shares are moved to our transfer agent, your ability to timely transfer your shares back to a brokerage firm and sell may be a longer process); or
transferring your shares to your bank (if they have custody services) and holding them in your retirement account (if permitted by your plan).
Example Form of Letter to Broker
If you decide to instruct your broker not to make your shares available for lending to short sellers, the following is a sample of the language you can use in your email or letter to the Branch Manager of your brokerage account:
[Broker Name]
[Broker Address]
Attn: Branch Manager
My Account [Account Number]
Dear Sir or Madam:
Please accept this written instruction to make sure that the following securities are held in my cash account only and accordingly are not available for any stock loan activities. I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares.
Securities:
[Number] shares of Trump Media & Technology Group Corp. (DJT) and any DJT shares subsequently acquired.
Please confirm receipt and compliance with this request.
Before computers, paper certificates were mailed to you - the investor - with your actual name printed on every share you own. Nowadays book entries are used in place of paper certificates. Originally, this was intended purely to speed up the process and get rid of unnecessary paperwork. The multiple institutions created to handle the book entries and clearing of trades have, over the course of the few decades, merged into a single private organization known as the DTCC (Depository Trust and Clearing Corporation).
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When you use a broker to buy stock the DTCC’s subsidiary, the DTC (Cede & Co.) is the name that is entered on the “books” at Computershare for every single broker held share. You are only the “beneficial owner” on your broker’s books, who is the “beneficial owner” on the DTCC’s books. The DTCC is the primary owner, the broker the secondary owner, and the average investor is a tertiary owner on the share that they bought and paid for.
The only way for an average investor to be the primary owner of any shares of stock they purchase is to direct register that stock with the transfer agent for the company. It puts them on the same level of ownership as the DTCC - directly registered in the ledger of the company whose stock they own. Direct registered stockholders have true possession of their investment and are listed by name in the company’s ledger. Shareholders who hold through brokerage companies cede their ownership rights to others (like the DTCC’s "Cede & Co" & broker-dealers). Leaving them vulnerable to short selling.
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:
There are multiple ways to directly register your shares from your IRA
These guides work for any US company and any US transfer agent. Just swap out GameStop's and Computershare's details for your company and transfer agent.
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.
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?
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:
There are multiple ways to directly register your shares from your IRA
These guides work for any US company and any US transfer agent. Just swap out GameStop's and Computershare's details for your company and transfer agent.
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.
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