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.
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
I have Fidelity the scammers, what do you guys think? Should I move my shares to Odyssey Transfer?
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.