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/
Does this work with IRA accounts without creating a holding corporation?
“Pretend” I’m dumb on this and ‘splain me like I’m 5.
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.