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7/21/2023 GameStop (GME) Estimated DRS count: 76,969,713 (or 75,699,147 when -1.2 million Mainstar shares)
(lemmy.whynotdrs.org)
7/21/2023 Estimated DRS count: 76,969,713 (using DRSbot total x 4.272)
7/21/2023 Minus 1.2m Mainstar: 75,699,147
The 4.272 multiplier comes from 6/1/2023 Form 10-Q divided by DRSbot 6/1/2023 total: 76,600,000 / 17,928,960 = 4.272
Yes, the stock market is ... how to put it nicely ... dysfunctional. But Cohen's job is primarily to make Gamestop profitable, and he has been clear that he is going to keep his cards tight against his chest. Stock market reform is much too big of a job for one person who is busy running a business to take on, and to the degree that he is doing something about it, I'm glad that he's keeping his promise of not telegraphing his moves to the competition - or to the cellar boxing parasites.
Until further notice, I will just continue to DRS and book my shares. Which for me has also slowed down significantly, because of other expenses that have slowed down my buying of more GME, and because I could only spend my savings once. (Wish I could naked spend, but that's a privilege reserved for people who spend other people's money, it seems.)
I'm still convinced that DRS is one of the most, if not the most, important spanner in the works of the financial criminals that are naked short GME.
But isn't that the fundamental issue. The system is working how it's been designed. It's designed by those that are exploiting it and so Cohen or any other CEO can't fight within the system.
You'd have to fight outside the system or create a new one. Only way he'd win or shareholders would win would be to use the same sneaky cheating that other companies or hedge's or governments use. Kinda lose lose.
I have my shares in computershare and in book but that is or only defense. We haven't really moved forward in the last 6 months. If anything it seems to be status quo now.
I can't see how that would eventually defeat the shorts. They are using the system to exploit it and it's working as intended. The dark pools are within but also outside the system. They use shorts marked as longs marked as longs. They naked short they married puts.
This is my only concern. I have less and less impact on the gme saga as time goes on. Same as you. I've basically dried up my savings and rarely buy anymore. I will try to buy a few more lots when I get a positive cash flow.