9/15/2023 GameStop (GME) Estimated DRS count: 75,521,650 (lemmy.whynotdrs.org)

submitted 1 year ago by lovetoburst@lemmy.whynotdrs.org to c/drs_your_gme@lemmy.whynotdrs.org

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9/15/2023 Estimated DRS count: 75,521,650 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)

The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175

Bloomberg data (to 9/11/2023), DRS estimated counts, and other:

Holding	Number of shares	As of
ETFs	29,138,064	9/8/2023
MFs, Index Funds, Pension Funds, etc	33,999,059	9/8/2023
Other Institutional Ownership	32,373,815	9/8/2023
Insiders	38,540,578	9/11/2023
Insiders Stagnant	14,339,510	9/8/2023
DRS 200k Computershare accounts	75,521,650	9/15/2023
DRS 200k accounts 25% stuck in IRA	18,880,413	9/15/2023
Other	62,448,205	9/15/2023

Total Outstanding on 8/31/2023: 305,241,294
Free float on 9/13/2023: 156,850,268
Thank you to lawsondt for the Bloomberg data to 9/8/2023.
Added Larry +6000 and Alain +15000 to Insiders number on 9/11/2023.
"DRS 200k accounts 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.

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[-] OrganicBrotha@lemmy.whynotdrs.org 4 points 1 year ago

https://www.computershared.net

The bot is back

[-] regolith@lemmy.whynotdrs.org 3 points 1 year ago

Can you elaborate on what is meant by the “DRS 200k accounts 25% stuck in IRA” ? Are those brokerage held IRAs, Mainstar, or something else?

[-] lovetoburst@lemmy.whynotdrs.org 1 points 1 year ago

From Richard Newton’s google surveys. I’ll have to go through his recent videos–thought he mentioned 30-50% stuck in IRA accounts, etc but will double check.

[-] jersan@lemmy.whynotdrs.org 2 points 1 year ago

This is excellent, thanks for posting this.

Wondering if somebody could please explain:

what are "Insiders Stagnant" shares?
where does the information come from regarding the ~18.9 million shares of "DRS 200k accounts 25% stuck in IRA" ?

[-] regolith@lemmy.whynotdrs.org 3 points 1 year ago

Insiders Stagnant generally refers to shares held by people that used to be insiders (former CEOs, and other executives). It is not known whether they have sold their shares or not.

[-] lovetoburst@lemmy.whynotdrs.org 2 points 1 year ago

@lawsondt@lemmy.whynotdrs.org 's post near the end explains Insiders Stagnant.
From Richard Newton's google surveys. I'll have to go through his recent videos--thought he mentioned 30-50% stuck in IRA accounts, etc but will double check.

[-] jersan@lemmy.whynotdrs.org 1 points 1 year ago

awesome, thanks.

[-] Mojojojo1993@lemmy.world 1 points 1 year ago

So is the DRS count stagnant now ? Where did the shares for insiders come from ? If the float is locked. Where are new shares to be bought coming from?

There isn't a infinity pool of shares ? If Drs has locked/ removed 75mil. Basically half the float of 150. The other half is likely bought just not DRS.

Is it loans from insiders ? Or institutes

[-] lovetoburst@lemmy.whynotdrs.org 2 points 1 year ago

Depends on your definition of stagnation. DRS is around 5,405 shares a day since 6/20/2023 Mainstar rugpull of -1.27 million shares.

The 38.54 million shares of Cohen, Nir, Alain, Lawrence, James, Xu, and Moore are either purchased in the market or granted from I believe the GameStop share pool. I think this pool's number is listed somewhere in a SEC form.

From the last Form 10-Q the last 3 months ended July 29, 2023 the number of outstanding shares increased 600,000. For last 6 months it increased 700,000. Stock vests around the shareholder meeting. Something like 8,772 shares granted to each board member. And they've been awarding longer term store employees with shares the past year or so.

Others can explain number of shares far better than me. I think there were a couple reddit posts over the summer looking into the amount of shorts and shares over the outstanding.

lawsondt's Bloomberg data post lists institutions holding GME. The usual suspects lending millions of shares out.