A full year later, we have “yet” to break 76M again.
In this post here https://lemmy.whynotdrs.org/post/381421, we discussed how the numbers are likely much higher than are currently reported. This heavily implicates Cede/DTCC because every quarter requires fraudulent reporting (well played SEC).
But how much higher? We’ve been at 75M for exactly 4 quarters now. Estimates at the previous pace would have us over 130M shares DRSd at this point.
This would mean there are very few shares actually left out there. Roughly only 26M left to DRS before they truly start to panic from the math-breaking number. The DTCC definitely fucked up by thinking we couldn’t buy the entire thing lol.
They warned you there would be FUD, this is it. Keep DRSing and eventually ComputerShare will stop selling to us like they said they would if there are no locates ;).
With that in mind, also don’t forget the $149T bullet swap that hits instantly on December 15th. Since they opened that particular short, the stock has seen a 390% increase along with a 430% rise in interest rates, do think they roll that shit over ;)?
I will leave with the same question: Why do you think Gamestop changed the wording from 03/22/2023 onward?
In no way do I believe DRS numbers have stagnated for this long. There are either concerted efforts being made to hide the truth via legal jargon, or im a monkeys uncle
Which is insanely bullish. If no numbers are posted, I will continue w/ the pace I have charted in the previous post. There is no reason for the DRS-rate to not have increased during this price fall. But I will keep the slope the same for my estimates going forward. As bearish as possible.
Over 129M DRS’d, and the DTCC is still tryna fuck around like nobody will notice our ceiling is exactly at 1x the float piror to the 1/4 split.
Me: “Oh, we can’t DRS more than 76M? That kinda looks like you took all of the shares during the split and shorted w/ them instead.”
DTCC: “Uhhh, no, you actually all just stopped at the exact same time (76M DRSd), duh. Oh and you stopped 1 year ago. The posts you’ve seen since then are actually all fake. Also Citadel is definitely not short on GME, don’t even look into it.”
Price action has been weird and volatile again lately after a slow and steady grind down. Seems like something is brewing.
the timing of the increase in volume corresponds to the Heat Lamp Theory’s conjecture, although there may have been other factors as well
Something I’ve not seen anyone discuss… perhaps because it’s a very unpleasant thought.
What if the flood of purple circle posts on reddit are fake? If a majority are posted by bad actors, then SHF pull shares they DRS’d, wouldn’t that leave the numbers static?
I’m trying to think of a less tinfoil answer and I can’t. Something doesn’t add up, big time.
There was some hypothesizing a while back (on SS and before Lemmy) that the initial drop or flatlining of the DRS trendline was due to hedgies having initially DRSed and then un-DRSed them, but I don’t recall if that was ever generally agreed. This was about the time that the Heat Lamp Theory was introduced which seems to have more supporting evidence at this point.
Possible, but not probable imo
GME fervor doesnt suddenly die at 76m shares
There was a time I would read the post history of everyone I saw posting a purple circle. Did it for a month and couldn’t see anything felt was dodgy, but that was a while ago…
What checks does drsbot make to verify submissions? I deleted my account a while back as felt I was addicted to reddit. When I made a new one I couldn’t post on superstonk due to my acc being under a year old. I messaged the mods at 6 months to request approval and was reinstated early. So it’s not exactly Fort Knox over there!
DRSbot witnessing is pretty much down to one reddit user now (shorthand we refer to as NoVac user).
DRSbot has been offline more than online the past 3 weeks. I manually track DRS posts during its offline time. From keeping an eye on DRS posts the past 3-4 months, nothing alarming jumps out.
Was discussing the DRS count f–kery tonight, and there isn’t much reason to measure and estimate when “they” can consistently mess with the DRS numbers over the past 2 years.
I think a better gauge may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:
If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:
- 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
- The 6 recurring buys alone should add 514,284 DRS shares.
Other 54 trading days:
- $200,000 / $14 a share = 14,285 shares a day
- 54 * 14,285 = 771,390 shares
Total:
514,284 + 771,390 = +1,285,674 DRS shares a quarter.
There, done. I don’t have to look at another DRS post again, ever. :)
Hey, thanks for this informative reply, and for the work you do tracking DRS posts. We appreciates ya!
Fuckery is definitely afoot. All that really matters though is there’s a critical mass of us who a) believe in Cohen’s vision and leadership b) are prepared to be stubborn enough to hold through thick and thin. No shame for anyone who has had life dump on them to the point they had to sell most of their shares, keeping their home / family fed is more important than anything else for them personally. I appreciates them too for being in the fight in the first place. But, I also appreciates all my fellow HODLers!
Seeing that we lost just $0.01 per share on the last earnings call has defo given me a boost of confidence though. We’re trending in the right direction for sure, and I think we should all realise at this stage that RC isn’t going to give away any plans for future direction until they’re 100% ready to launch. Just got to continue trusting in his leadership and buying where we can. I’ve not been able to add to my account at all over the last 9 months but fortunately have managed to avoid selling any.
Could be. Every day it seems more clear that most of what we are publicly provided or witness online and in media has been fabricated.
I just viewed some profiles, some I can’t view without logging in due to being 18+. Most were 2 years, couple were 7+ years old.
Kinda meaningless though as I can go buy an aged account for nefarious use right now if I wanted.
I haven’t been back there since the exodus; has there been a continuous flood of purple circles there while the DRS numbers themselves are stable?
If so, is there an Occam’s Razor explanation that is simpler than crime?
Yeah I check in every other day and there’s people constantly posting DRS 10s and 100s of shsres
Wouldn’t a close look at the ledger solve the question ?
I would totally do it myself if I was living on the same side of the Atlantic as Grapevine, Texas, but it is not the case.
Is someone volunteer to die for the cause (again) and go check the ledger manually ?
To my understanding, the ledger doesn’t reveal DTC tuckery. In the ledger you will find a one-liner to the effect that DTC has the rest of the shares.
To prove their fuckery we would need to see the DTC ledger, but it’s a private corporation above the law 🤮
Lucky for us, we can lock the float and they can’t stop us 💎💪
But looking at the ledger you would be able to tally everyone else.
Oh I understand now what you mean 💎✌️
Ya I guess if we could monitor it then we could detect which entries are going down just enough to keep the total where it is.
Let’s say you have two accounts at ComputerShare with DRSed GME stock. One of the accounts is in pure Book form while the other is mostly Book but also has a few in Plan. If you had the opportunity to see your entry in the ledger, then you could confirm whether or not the ledger showed you as having exactly 1000, 500, or something in between. Anything less than 1000 would support the Heat Lamp Theory.
Another thing worth doing is just summing all the non-DTC/Cede entries in the ledger to the extent possible in the time allowed, to confirm that they add up to whatever the DRS total is for that day. I would expect that would only be possible if the ledger does not list all of the shares in Plan accounts under their respective household investor names.
At a certain point I will feel a strong need to check the ledger myself, just to make sure that I am on it :)
What a sham market we have.
Potempkin market.
You know what, I amend that. It’s a sham world. When are we collectively going to band together and pull back the curtain on The Great and Powerful Oz?
Hopefully soon. Glad to be standing shoulder to shoulder with you all here pushing for that reveal. 👊
