DRS is still the only means of actually owning the shares in your name.
This website explains it all:
Register your shares with a transfer agent to protect yourself from the risk of broker bankruptcy, or trading restrictions.
Fidelity has one of the larger coffers, and probably wont go bankrupt (unless GME MOASS happens first, then it could get...interesting)
But trading restrictions are a very real possibility, even with a large coffered company Fidelity.
"Mr Inbetween" is an excellent non woke tv show. Its a few years old.
A very realistic story about the life of an ex-military guy working as a part-time hitman in Australia. The show is about his work/life balance (hence the series title). Its not your average over the top ridiculous action show. It has a slow build up but stick with it. It doesnt hold your hand like most series.
The entire series is great for many reasons, but the episode pasted below (Season 2 - Episode 9) is the one that has stuck with me. Any self respecting anon should enjoy it. Has a "Sound of Freedom" type theme. Without spoiling it, the episode has a very satisfactory ending.
This is the kind of stuff Hollywood should start making in the future. Another episode even features the main character discussing 9-11 being an inside job.
As always with the free streaming sites, make sure you have a pop-up blocker like "uBlock Origin" installed, then you wont have any issues.
EDIT: Link removed for reasons. Search for it on (fmoviesz. to) or any other 'arrrrrrr-me-heartys' type website/torrent.
I know Computershare do a group buy once a day. Never heard that for selling.
As for as i know the "limit sell" will sell immediately once the amount is reached. Especially in a squeeze situation because the margin call algos will be on autopilot and will be snapping up any shares available.
Do you know if Odyssey allows limit selling?
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
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). > 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.
Well I hope you didn't just give up after that. Your Computershare account is created by your broker when they DRS transfer the first share. You will then receive your account login details and go from there to create a password etc.
If people still haven't DRS your GME shares then use:
That website has step by step instructions for every broker including webull. Now you have no excuse :)
Someone should setup a website like that for $DJT
With GME there was research that suspected many brokers lend them out no matter what.
They are only giving you an IOU most of the time without actually going and purchasing a share on your behalf.
All non DRS'd shares are a fraudulent mess of digital IOUs that don't even have your name attached to them, and this allows all sorts of bullshit to happen. And then you get into 'rehypothicated shares' which are basically them trading shares that don't actually exist.
DRS through transfer agent is the only way to actually own them in your name, which also takes them out of the IOU pool.
You should care. If you have more than one braincell.
ChatGPT can do this. Break things down into simpler terms for you.
Very handy.
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.
Yeh gotta say this should be stickied for a lot longer. Perhaps I should have identify as a dog or something?
This is coming direct from Trumps company about DJT.
And people obviously have a lot of legit questions about the finer details. And there isn't much clear info out there about the processes currently.
Feel free to do the request sticky thing...nudge nudge doggy winks...howl...chases tail...licks own balls etc etc
I can't answer for Odyssey, but Computershare (transfer agent for GME) has direct selling from their website.
The only delay would be if you want to transfer them back out to a broker before selling. But why would you ever want to do that? That part is probably there in the interests of full disclosure which is fair.
Hope someone else can answer the selling direct from Odyssey question.
Very good question. No idea...Hopefully someone can answer.
As of March 26, 2024, there were 136,700,583 shares of Trump Media common stock issued and outstanding.
u/bubble_bursts can we get this stickied? DJT investors have to see this.
DJT is taking the fight to the short sellers.
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/
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.
10/10 meme format
From memory RH was the first to turn off the buy button and the rest followed. And the CEO was in direct contact with Ken Griffin when the sneeze happened.
Also RH was singled out by congress.
https://old.reddit.com/r/Superstonk/comments/1c6d9k0/this_line_congress_is_unclear_why_robinhood/
RobbingHood is at the very bottom of the scum barrel for trustworthiness.
All brokerages are dealing in IOUs. Even DRS isn't 100% guaranteed in a MOASS situation if the govt steps in, but it is by far the safest option. Any broker used should just be a stepping stone to DRS your shares.
There are many more reasons why Robinhood is a dumpster fire. For GME...when MOASS happens they just won't have the funds to payout.
So tell me what are the advantages of RH over more reputable brokers? I know they have low/zero fees...Remember if something is free, then you are the product.
Agree. He should have left the meme stock part out.
Very much this. If you have extra cash then by all means. But don't go into debt.
I always think of this video clip when i find People still using Robbing hood
https://youtu.be/1ak35DPtDdo?t=14
You don't have to stay in the dumpster because you're already in it. You can just get out.
Excellent post. He seems like a real one.
dressed in dark robes, clutching a large cross and sporting a bushy grey beard under a black cowl, Emmanuel's sermons from the Assyrian Christ The Good Shepherd Church range from homilies on the Bible to fiery criticisms of homosexuality, COVID vaccinations, Islam and U.S. President Joe Biden (casting doubt on Biden's election).
Anyone linking that yt video he talks about? Guessing Paul Keating is on that list. And possibly John Howard, who made the gun ban speech wearing kevlar vest.
Ok. Just clarifying that when selling from the Computershare website, your share will be sold immediately.
Best way to confirm all this would be to go through the process of selling one share from any transfer agent website.
I remember someone did this on r/GMEmate and showed all the screenshot receipts. The sale didnt get put in a queue and went through immediately.
Buy orders are put in a queue and CS buys them all once per day.