I may not be 100% correct on a few details but this is how I understand it:

The float is the amount of shares available to trade, set by the company when they first enter the market as shares sold by them. These shares are actually all mostly registered under the name "Cede and Co", and are on the DTCC's record books (Depository Trust & Clearing Corporation), and when you buy a share through a broker, they still technically own the shares, you are just entitled to them as the beneficiary. This means you can order the owner to do anything with the shares, and they are legally obligated to do it, and you will receive the money from the sale.

They profit from this because they can lend your shares out to others, and there's very good speculation that many brokers don't even buy the shares and just pay you the difference when you close positions, using your money to do other things which in the end is devaluing the very things you invest in. It's hard to explain all of the ways they can do fuckery.

DRSing your shares removes it from the DTCC's books and onto the transfer agents books as being under your own name. When shares are on the DTCC's books, they are legally counted as "a reasonable supply" to naked short shares or something like that. The wording makes it so any shares at all being listed there means shares are available therefore they can naked short it all they want. If you don't know, naked shorting is when you sell a share you don't own with the obligation to buy it back at a later date. The gamble is if the share continues to rise after the sale, it counts as a negative balance and you will get "margin called" if its too much, which means all your positions get closed and taken on by the broker.

So, what all of this means, is that since shares have been lent out and naked shorted, more people are beneficiaries of shares than there are actual shares. But the supposed "naked shares" are still legally counted and treated as real, however "fake" they are. So when the shareholders DRS the amount of shares that are in the float, this would be called locking the float. Any more DRS requests will be denied as no more shares will be located, and there is protocol that the transfer agent shall notify the company, where they can legally issue a share recall without being accused of market manipulation to purposefully trigger a short squeeze.

Essentially this means Gamestop will be able to say that since the Market Makers (those specifically allowed to naked short) have fucked up their market so much, they are withdrawing their shares from the open market. This would absolutely force all short positions to close, absolutely forcing a short squeeze, because all of those fake shares would then legally NEED to be IMMEDIATELY bought back at whatever the market price is.

Once shares are locked, the brokers would be the first to know about it before anyone, and the short hedge funds would be fighting over eachother to get out ahead of everyone else before the inevitable. The share recall would take some time, so I'm certain they would spike it with buying before the recall to entice those who have DRS'ed 100% of their shares to at least sell a few of them to unlock the float and keep it sort of perpetually never locked long enough to go forward with an actual share recall, since they don't have any of the naked shares in a brokerage account to sell.

Convincing people to DRS 100% of their shares would be in their best interest now that the DRS avalanche is too much to stop. It's their absolute best bet of getting them to never keep the float locked for long enough to thoroughly document and present it as a certain thing in order to legally recall their shares.

It used to be really common sentiment at first that it makes no sense to DRS all of it since you will of course want to sell some of it during the actual MOASS, and that DRS is only for the so called "infinity pool" there they can keep the shares in their name to keep the price high and sell their broker shares for whatever price they want when they need to. Because you need to keep the float locked to keep the infinity pool going, to never actually allow the share recall to go through while the short hedge funds are bled away.

I may not be 100% correct on a few details but this is how I understand it:

The float is the amount of shares available to trade, set by the company when they first enter the market as shares sold by them. These shares are actually all mostly registered under the name "Cede and Co", and are on the DTCC's record books (Depository Trust & Clearing Corporation), and when you buy a share through a broker, they still technically own the shares, you are just entitled to them as the beneficiary. This means you can order the owner to do anything with the shares, and they are legally obligated to do it, and you will receive the money from the sale.

They profit from this because they can lend your shares out to others, and there's very good speculation that many brokers don't even buy the shares and just pay you the difference when you close positions, using your money to do other things which in the end is devaluing the very things you invest in. It's hard to explain all of the ways they can do fuckery.

DRSing your shares removes it from the DTCC's books and onto the transfer agents books as being under your own name. When shares are on the DTCC's books, they are legally counted as "a reasonable supply" to naked short shares or something like that. The wording makes it so any shares at all being listed there means shares are available therefore they can naked short it all they want. If you don't know, naked shorting is when you sell a share you don't own with the obligation to buy it back at a later date. The gamble is if the share continues to rise after the sale, it counts as a negative balance and you will get "margin called" if its too much, which means all your positions get closed and taken on by the broker.

So, what all of this means, is that since shares have been lent out and naked shorted, more people are beneficiaries of shares than there are actual shares. But the supposed "naked shares" are still legally counted and treated as real, however "fake" they are. So when the shareholders DRS the amount of shares that are in the float, this would be called locking the float. Any more DRS requests will be denied as no more shares will be located, and there is protocol that the transfer agent shall notify the company, where they can legally issue a share recall without being accused of market manipulation to purposefully trigger a short squeeze.

Essentially this means Gamestop will be able to say that since the Market Makers (those specifically allowed to naked short) have fucked up their market so much, they are withdrawing their shares from the open market. This would absolutely force all short positions to close, absolutely forcing a short squeeze, because all of those fake shares would then legally NEED to be IMMEDIATELY bought back at whatever the market price is.

Once shares are locked, the brokers would be the first to know about it before anyone, and the short hedge funds would be fighting over eachother to get out ahead of everyone else before the inevitable. The share recall would take some time, so I'm certain they would spike it with buying before the recall to entice those who have DRS'ed 100% of their shares to at least sell a few of them to unlock the float and keep it sort of perpetually never locked long enough to go forward with an actual share recall.

Convincing people to DRS 100% of the float would be in their best interest now that the DRS avalanche is too much to stop. It's their absolute best bet of getting them to never keep the float locked for long enough to thoroughly document and present it as a certain thing in order to legally recall their shares.

It used to be really common sentiment at first that it makes no sense to DRS all of it since you will of course want to sell some of it during the actual MOASS, and that DRS is only for the so called "infinity pool" there they can keep the shares in their name to keep the price high and sell their broker shares for whatever price they want when they need to. Because you need to keep the float locked to keep the infinity pool going, to never actually allow the share recall to go through while the short hedge funds are bled away.