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.