r/Superstonk I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21 Wearing is Caring 1 Jacked to the Tits 1 Starstruck 3 Rocket Like 1 Vote Local! 20 Meow Meow 22 Silver 552 Platinum 3 Hugz 182 Keep Calm 1 Helpful 547 All-Seeing Upvote 74 Snek 4 Stone Face 1 Wholesome Seal of Approval 1 Sidevote 1 Not-A-Cat Golden Bananya 1 Take My Energy 35 Take My Money 3 Bravo! 2 LOVE! 15 To The Stars 10 Computersharing Is Caring 7 Plucky Cat Paw 26 hehehehe 1 Bravo Grande! 1 Vibing 2 Masterpiece 1 Looking 1 Facepalm 1 Gold 16 Heartwarming 3 Narwhal Salute 6 This 5 Timeless Beauty 1 Confetti 1 Faith In Humanity Restored 3 Party Train 4 Ally 2 Got the W 1 Superstonk 1 'MURICA 2 All Seeing Kitty 1 Wholesome 511 Burning Cash 3 Helpful (Pro) 5 Take My Power 7

When you wish upon a star - a complete guide to Computershare 💻 Computershare

A video TLDR of what's been going on with GameStop since last January and why direct registration matters:

GameStop: A Long Story Short

https://preview.redd.it/cn13ltn3vyo81.png?width=1920&format=png&auto=webp&s=3f897c62d6fc0ca501a00f8f16522c64748e2aac

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Looking for the Daily Thread?

New Reddit / 3rd party app link - sorted by past 24 hrs to only show current thread

Old Reddit / 3rd party app link - sorted by past 24 hrs to only show current thread

Official Reddit app link - presorted links break the search function on the official app

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https://preview.redd.it/vbnwvor459p71.jpg?width=1432&format=pjpg&auto=webp&s=cabc77b66f8488d38ce717de804ad7aa08008f09

Many of us still have doubts about this dinosaur of a company. I know I sure did until recently. The goal of this post is to provide information that will give you the confidence to direct register as many shares as you are comfortable with and explain how selling works with Computershare so you can decide if that is the right strategy for you. Let’s begin by recapping what we know so far.

TLDR: Computershare is legit and potentially the safest place to hold your shares. It is also possible and very easy to sells shares with them, but that might not be the best strategy for your personally. Decide for yourself what percentage of your holdings you would like to keep there, but make sure you also have shares in a trustworthy broker to be able to sell during the MOASS.

DO NOT FORGET TO ADD YOUR SHARES TO THE DRSBOT TALLY!

Simply leave a comment on any "Computershare" flaired post like this one with "!DRSBOT:numberofshares!" and read the guide below on how to use the other bot commands!

List of Guides & Resources for Using Computershare

SuperStonk Computershare AMA Part 1

SuperStonk Computershare AMA Part 2

Dave Lauer CS AMA - text based

NEW FAQ - Computershare just posted this to help answer some of the most common Ape questions!

How to use the DRS BOT that is trying to tally how many shares have been transferred to Computershare

THIS IS THE WAY - How to use the recurring purchase option in CS called DirectStock and how to route purchases in Fidelity through IEX

Account Creation, Buying and Prep

u/Criand DD on Computershare and why it is so important

How to open a Computershare account and purchase shares (US ONLY)

How to convert your newly purchased shares to "Book-Entry" (POTENTIALLY UNNECESSARY)

List of brokers that allow for transferring your existing shares to Computershare

How to Computershare (SMOOTH BRAIN EDITION)

Transferring for US Apes

Using a slow broker? Consider speeding up the process by using Fidelity as a middleman

Transferring from Fidelity, TD Ameritrade, Ally Invest, Firstrade, M1 Finance, Merril Edge, Public, Charles Scwabb, Webull, Wealthsimple and Interactive Brokers

Transferring from Commsec, DNB, Disnat, Danske bank, Hatch, Lynx.nl, Nordnet, Questrade, RBC, Revolut, Saxo, Scotia iTrade, Stake, Swissquote, TD Canada, Tradestation and XBT

Transferring from Chase/JP Morgan, E*Trade, SoFI, Rabobank, Tastyworks, Tradezero, and Vanguard

IRA Transfer Update! Looks like it is possible using this method but its a huge PAIN. Hoping to find a better solution soon

You can DRS from Revolut / DriveWealth -> CS directly, without third parties!

Canadian Ape Guides

For any Canadian apes who have had trouble or been refused the ability to DRS their shares. This is a link to a Demand/Letter of Intent post that includes supporting documentation to ensure each Canadian ape has the ability to direct register if they choose to do so

Tips for Canadian Apes with TD

International Ape GuidesNewest IBKR transfer guide with update on the process

Most recent IBKR guide that allows you to initiate DRS request yourself

What to do after receiving your letter from CS

Updated International guide for expedited transfers and potentially even purchasing shares directly!

How to transfer to CS for European Apes using IBKR as a proxy

How to purchase shares through Computershare for International Apes

Transferring out of Revolut to IBKR (then eventually to DRS)

How to purchase shares directly through CS for UK Apes

UK Apes guide to transfer from Hargreaves Lansdown to IBKR to ComputerShare

General guide on transferring for International Apes

Visual guide on transferring for International Apes

Computershare guide for NZ Apes

===================================================================IRA Transfers - Adding more soon!

DRS your IRA the YOLO way (Small tax hit)

If you see any posts that belong in this list please comment or send me a chat!

What is Computershare?

Computershare is an Australian based transfer company with offices in 20 countries. They are over 40 years old and are the official transfer agent for not only GameStop but large corporations such as McDonalds, Johnson & Johnson, Coca Cola and AT&T. Even though they offer some broker-like services it is important to note they are NOT A BROKER. They do however have 12,000 employees dedicated solely to keeping accurate records for their 75 million customers.

In 2003 Computershare acquired the brokerage Georgeson Shareholder Corporation which gives you the ability to purchase or sell shares directly through them. They were not built to buy the dip or day-trade which is why those of us used to app-based, commission-free modern trading unreasonably judge their platform as archaic. What they were built to do is slowly and repeatedly invest in a company, and the irony we have slept on this for so long is tragic. You can’t purchase a specific amount of shares with them. You can however choose a dollar amount to make as a one time or recurring investment. When you really think about it, this awkward process seems to be almost perfectly built for most apes that are just buying more shares every paycheck. Unfortunately, we have become so accustomed to following every price movement of the ticker and buying the dip we forgot one of the most important principles. It’s all a dip.

(sideways guy approved)

In fact if you go off the average share price every 2 weeks from March till September and had purchased shares automatically through this program, your cost basis would be close to $191.10. If you have done better than that you should give yourself a solid pat on the back. But really, what's a few dollars in a trade of this magnitude?

https://preview.redd.it/p1vbvohtpap71.jpg?width=768&format=pjpg&auto=webp&s=fc3bb02e0fbc3c8e4164501660ff30aeff5a3908

DTC STOCK WITHDRAWAL

What began as a place to hold your infinity pool shares or a way to get the best odds possible to collect a hypothetical NFT dividend is quickly evolving into potentially the best place to hold the majority of your GME shares. It took a while for all this information to make its way through the community but once apes started actually transferring their shares to Computershare we were greeted with a glorious sentence in our transaction history.

https://preview.redd.it/vxw34yo4pap71.jpg?width=1527&format=pjpg&auto=webp&s=928b1893a9ee8aa502ae252c4468ab00eb77b290

There has been a lot of FUD spread about CS on this. When you direct register your shares they are indeed withdrawn from the DTC and control by Cede & co. You are now not just the beneficial owner but the registered owner of these shares as explained in this graphic.

https://preview.redd.it/zemnbozhtuq71.jpg?width=1500&format=pjpg&auto=webp&s=7ab4cf269d3c5dd5d0d08c76da17a6d184105d73

This feels like an appropriate time to bring up one of the most aggravating pieces of information I recently learned. It’s literally illegal for companies to talk about or promote direct registration of shares. This is justified of course by the DTCC arguing that if stock issuers were made aware of DRS then they would have no reason to exist.

Why on earth wouldn’t we want an entirely vestigial private corporation with a monopoly on almost every stock transaction, one that makes money by charging fees for the privilege of using their unnecessary company dictating policy? There couldn't possibly be a conflict of interest there right? Are you mad yet?

https://www.sec.gov/rules/sro/34-47978.htm

“DTC states that issuers to do not have continuing ownership rights in shares they have sold into the marketplace and therefore cannot control the disposition of shares already registered in DTC's nominee name by directing that those shares be surrendered to the transfer agent or by restricting their eligibility for book-entry transfer at DTC.44 DTC contends that attempts by issuers to control their publicly traded securities are improper and may constitute conversion*. DTC states that by purporting to exercise the rights of the shareholders, issuers are* interfering with the legal and beneficial rights of DTC and its participants with respect to securities deposited at DTC and with DTC's obligations under Section 17A of the Act.”

They even go on to basically admit that they aren’t required to do anything to curb naked short selling and the best way to take care of it is for investors to direct register their shares.

"DTC disagreed with the commenters' contention that it had an obligation to take action to resolve the issues associated with naked short selling because those issues arise in the context of trading and not in the book-entry transfer of securities. DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form."

We have become well aware that price discovery is not properly reflected in lit markets. We know the reported float is incorrect. The worst part is we are far from the first investors to face this seemingly insurmountable problem. Have a quick look at a few select quotes from a comment to the SEC over 15 years ago.

https://www.sec.gov/rules/proposed/s72303/decosta122203.htm

“We are of the opinion that the rampant "naked short selling" of stocks and the associated epidemic of failures of "good delivery" and loans made to mask "failures to deliver" that we are currently experiencing, threatens the very core and integrity of our financial system.”

“Naïve investors assume that the SEC has created a "level playing field" on these trading venues. They assume that the regulators are professionals, that they know every dirty trick in the fraudsters' playbook, and could recognize a fraud while it is being perpetrated. These investors really think that they are buying "real" shares from a "real" shareholder, perhaps across the country, with a market maker acting as the middleman.”

“Investors also do not have a clue that their own broker/dealer, who owes the investor a fiduciary duty of care after being paid a commission as an agent, is "renting" out their purchased shares to the mortal enemy of the client's investment. The investor has been "sold out" by his own brokerage firm. There isn't even any sharing of the rental income from the loan.”

“The naïve investor does not realize that there would be consequences for his brokerage firm if it were to "break ranks" and do the right thing. The Wall Street community and various co-conspirators have made this issue into a "Wall Street versus investors" battle.”

Why Direct Registering YOUR shares is important

https://preview.redd.it/1muxdjb7pap71.jpg?width=2400&format=pjpg&auto=webp&s=ce4c8f55d108a97d707d21a112bf9bec83f733ca

We now know what we are up against and who Computershare is. Let’s put it together. First we need to identify a very important distinction between “Street Name Registration” and “Direct registration”. According to the SEC:

https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html

"Street Name" Registration — The security is registered in the name of your brokerage firm on the issuer's books, and your brokerage firm holds the security for you in "book-entry" form.

"Direct" Registration — The security is registered in your name on the issuer's books, and either the company or its transfer agent holds the security for you in book-entry form.

Whenever you purchase a share with any broker, whether it's Robinhood or Vanguard you don’t really own them and can’t 100% control their lending status. I am not trying to spread FUD about brokers. They are a necessary evil and some are certainly much more trustworthy than others but at the end of the day, they are NOT your friends. They are playing both sides of this trade. There is a massive financial incentive for them to lend your shares to short sellers and historically speaking they have done everything in their legal authority to lend them. Registering your shares in your name and having them held on the books of GameStop is the only guaranteed way to prevent this from happening.

It’s also important to recognize that if you believe GameStop will be issuing an NFT dividend even trustworthy brokers like Fidelity have stated they can not guarantee delivery. I can’t link the thread due to our no brigading policy but here is their official statement on it from their subreddit.

“Fidelity's platform currently does not support holding cryptocurrencies or receiving dividends in the form of cryptocurrency. If a company issues a dividend in the form of cryptocurrency, then other arrangements would need to be made in order to receive the dividend. In the past, special dividends have been paid as stock representing value held in cryptocurrency or NFTs, and not a direct issue of cryptocurrency or NFTs.”

From that same SEC page:

“Direct registration allows you to have your security registered in your name on the books of the issuer without the need for a physical certificate to serve as evidence of your ownership. While you will not receive a certificate, you will receive a statement of ownership and periodic account statements, dividends*, annual reports, proxies, and other mailings directly from the issuer.”*

What Now And What’s An Exit Strategy?

https://preview.redd.it/b8d4sv1hpap71.jpg?width=1374&format=pjpg&auto=webp&s=51240350388eb426476dbbb1e54745371b8dee1f

So everything sucks and there is no right answer? Kinda. If you feel like you are being overloaded with information, I feel you. We have spent the last year learning so much about this fraudulent system it’s hard to know what the right thing to do is. I wrote this post because I had questions and I wanted answers. I still haven’t found all of them but I was able to learn enough to personally believe that Computershare is an integral part of this whole saga.

Before we wrap this up the final piece of the puzzle is what it looks like to SELL with Computershare. We all know that account creation and buying shares is a convoluted, confusing and slow process. This is just because most people that would use a system like Computershare don't need it to be simple or fast. CS batches buy orders together and does not execute them immediately. Remember most stocks are nowhere near as volatile as GME and waiting a few days to execute a purchase order is not a big deal.

The good news is there is indeed a light at the end of the tunnel. Selling through Computershare is extremely easy and fast. I have committed the ultimate sin in the name of science and for the first time since this all began I SOLD A SHARE so YOU DON’T HAVE TO. Please forgive me Papa Cohen, it was for the greater good.

So yes, there are fees associated with selling. We are so used to commission free trading we have forgotten that “if the service is free, you are the product”. It’s a little annoying to see these fees but when the share price looks like a phone number I don’t think it will bother you. When I placed this sell order I instantly got a text confirmation. So while buying takes longer than we would prefer, selling takes no time at all.

https://preview.redd.it/i30rbyh9pap71.jpg?width=4000&format=pjpg&auto=webp&s=4d5fc42bce074945c1900dbc6d90b70583f9a112

It’s also important to keep in mind you do not need to and others have presented a case for why you should not sell through Computershare. If Computershare does indeed prevent new DRS once the float has been registered you would be selling real shares to your mortal enemy. We haven't verified this yet but it’s certainly worth considering. If you choose to transfer some or the majority of your shares to CS you should absolutely be selling the shares you have left in your brokerage first during the MOASS. The ratio of distribution is entirely up to you. Some apes are doing 10% in CS and some apes are doing 99% in CS. Some apes can’t transfer any shares to CS because of their brokerage’s insane fees or logistical limitations. Some apes like myself have a lot of shares in a Roth IRA and can’t transfer them out due to early distribution tax implications (although I think I found a solution to that you will find at the bottom of this post). Some apes just trust the age old “Buy & HODL” and don’t want to explore “Buy, Register & HODL”.

Remember, everyone here is making their own financial decisions based on their own research. Calling someone a shill because they haven’t transferred to CS or haven’t transferred as much as you is TOXIC and you should be ashamed of yourself. If you believe CS is the way, provide data to change hearts and minds. Don’t shame people. Personally I have bought shares in CS and done 2 transfers. One using the form from Fidelity and one using the phone call system. I can verify that both work. The form was a pain and the transfer took 5 days. The phone call was a breeze and the transfer took 4 days. No matter which broker you use, when you initiate your transfer make sure to get a confirmation number that is logged in their system. Just in case there are any issues this will allow you to call back and quickly get an update instead of starting all over.

Final Thoughts

If you made it to the end of my rant, thank you for reading. Take everything you read, including my post with a grain of salt. My brain was as smooth as a baby's bottom 9 months ago. I have grown a few wrinkles now but I am just a guy on the internet. I am trying to provide data and leads for you to do your own research and come to your own conclusions. One piece of advice I am very comfortable giving is you absolutely should be diversifying your holdings across multiple brokers. We are in uncharted territory. There has never been and probably never will be another situation like GME.

Many have come before us and failed. That said, never has there been such a dedicated, motivated and powerful group of shareholders like us. Our collective intelligence is a force to be reckoned with. I am so incredibly proud to be a part of this community and constantly in awe at the content put out by this sub.

I have included links to the best guides I have seen explaining how to use Computershare at the bottom of this post. I would also like to drop in a link to a company that u/MyPlayProfile found that will let you transfer your IRA to them and they will direct register your shares. Bear in mind due to how retirement accounts work they are registered in the name of the plan for the benefit of you. That’s not perfect but its just how retirement accounts work. I spent some time on the phone with them and was able to confirm that at least the shares are indeed withdrawn from the DTC. I am in the process of making an account and moving my Roth IRA with Fidelity to them. Once everything is settled I will make another post describing the process.

Here is the company. If you call, ask for Ryan Fischer. He has been awesome and has a lot of history he can share about the events in 2008 that was the genesis behind their IRA DRS service.

https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/

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What We Still Don't Know

Here are the questions that I still have about Computershare and I encourage you to try and find the answers for your own personal benefit and for the benefit of this community.

What happens if/when Computershare registers the freely traded float or even the total outstanding shares?

(Comment explaining why Computershare might not be legally allowed to register more than the outstanding shares)

What would it take to get Computershare to publicly state how many GME shares they have registered?

(I have already spent hours on the phone with them trying to get this or to find out what it would take to get this)

What are the dollar limits on placing limit sell orders?

(Comment explaining the value caps and $ limits on sell orders. Need to look into this more and see if I can verify with CS)

(Comment explaining what the sell order limits are and why we shouldn't be worried about them)

Have Ryan Cohen and other insiders at GameStop direct registered their shares with CS?

(I have always just assumed this was the case but its probably worth verifying if that is possible)

Other Resources for Computershare

Great write up by u/_Exordium explaining another reason why DRS is important. It removes any risk your shares might face during a broker default

https://www.reddit.com/r/Superstonk/comments/ptxbiq/broker_defaultsbankruptcy_sipc_insurance_and_your/?utm_source=share&utm_medium=web2x&context=3

A video I recently made on the importance of "Broker Diversification":

https://www.youtube.com/watch?v=_kuElFX5QrI

Current DRS Bot Tally as of 11.25.21

https://preview.redd.it/p6wws9upds181.jpg?width=839&format=pjpg&auto=webp&s=4eefaf7157b60ce1c78d04ff29d5dd64b81373a8

29.4k Upvotes

u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21 edited Oct 28 '21 Silver Helpful Wholesome All-Seeing Upvote

Comment about trying to DRS from Robinhood and the complications. Looks like you have to transfer out first

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Going to use this sticky as a place to feature great comments that need more attention

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10.28.21 Update

THIS IS THE WAY - How to use the recurring purchase option in CS called DirectStock and how to purchase through Fidelity routed through IEX before you transfer to CS

10.26.21 Update

Most recent update for international apes using IBKR to DRS. You can now initiate the transfer yourself

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10.25.21 Update

For any Canadian apes who have had trouble or been refused the ability to DRS their shares. This is a link to a Demand/Letter of Intent post that includes supporting documentation to ensure each Canadian ape has the ability to direct register if they choose to do so

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10.7.21 Update

IRA TRANSFER UPDATE! It is possible and this Ape has outlined how to go about it but its a huge PAIN

"TL/DR: I mean, it's possible, but it is a giant pain in the ass, puts your shares in a quasi-custodian account in the control of a broker you need to designate, and makes them very difficult to update or make changes to."

How to purchase shares directly through CS for UK Apes!

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9.25.21 Update

Comment explaining what is in the NEW international apes guide

Looks like there is a way to expedite the transfer process and potentially even purchase shares directly from CS even if you are not a US citizen.

https://www.reddit.com/r/Superstonk/comments/pu1mam/international_apes_computershare_us_drs_transfer/

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Comment explaining why Computershare might not be legally allowed to register more than the outstanding shares:

https://www.reddit.com/r/Superstonk/comments/ptvaka/comment/hdzpwz7/?utm_source=share&utm_medium=web2x&context=3

Comment explaining the value caps and $ limits on sell orders. Need to look into this more and see if I can verify with CS

https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/hdzpi0o?utm_medium=android_app&utm_source=share&context=3

Comment explaining what the sell order limits are and why we shouldn't be worried about them

https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/he6g39u?utm_medium=android_app&utm_source=share&context=3

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1.1k

u/_Exordium 🏳‍🌈 Homo Ape-ien 🏳‍🌈 Sep 23 '21 edited Sep 23 '21 All-Seeing Upvote Wholesome Seal of Approval Helpful (Pro)

DRS is the way.

Thanks for the fantastic write-up!

Another key thing to look into/consider is that DRS shares are outside of the SIPC $500K insurance that brokerage accounts have by default.

They are directly tied to Cede & Co. and the DTC, meaning in case of a brokerage default, your shares there will be safe, and not subject to being disappeared and you're left with a $500K or less consolation prize.

Edit #2: Made a bit of a more in-depth post regarding this subject!

Edit: could there have been a possible plan for them to use a broker default to hide/delete some phantom shares?

Source: https://www.thebalance.com/what-is-the-direct-registration-system-or-drs-for-stocks-357536#citation-2

323

u/DutySpirited 🌕 Is a cat 🐈🚀 Sep 23 '21

good thing no one is in robin hood anymore, that might have been the idea. everyone is now in big boy brokers lol

133

u/_Exordium 🏳‍🌈 Homo Ape-ien 🏳‍🌈 Sep 23 '21

RH just an example, it could be any other broker at that point... looking into this now.

149

u/DutySpirited 🌕 Is a cat 🐈🚀 Sep 23 '21

id trust fidelity or vanguard over rh 100% of the way. if 1 bill almost killed vlad im glad fidelity is worth over 4 trillion and vangaurd is worth over 7 trillion

/e and both of them are big enough that they have to be long on them for their etf funds and retirment accounts they run

21

u/ironavenger16 🦍 Buckle Up 🚀 Sep 29 '21

What about tda and Schwab?

41

u/autoselect37 💻 ComputerShared 🦍 Oct 03 '21

Schwab has been good to me throughout the January sneeze fuckery and the rest of this year (never disabled buy button). However, they have been in bed with Citadel on some things, although many others have as well. I’m also partially stuck with Schwab because my company IRA is with them.

I use Computershare, Fidelity, and Schwab, and i feel reasonably comfortable with all three. Extremely comfortable with Computershare

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u/dannyboii0401 Oct 09 '21

I only use my TDA for options, and that's pretty recent, Im w Fidelity, I trust them w my life.

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u/Odinthedoge 💻Compooterchaired🦍 Sep 23 '21

They're doing it too they have more money because they have been playing the game longer that's all.

37

u/DutySpirited 🌕 Is a cat 🐈🚀 Sep 23 '21

fidelity doesn't use PFOF, iirc neither does vangaurd

36

u/5HITCOMBO Stonkcrates Sep 27 '21

Correct. They default route through Citadel for free.

5

u/Altruistic-Beyond223 💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L Sep 28 '21

True statement

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u/nerds-and-birds 💻 ComputerShared 🦍 Sep 23 '21 edited Sep 28 '21
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u/Sw33tN0th1ng Oct 15 '21

They may say they don't use PFOF, but they do use a special in-house decision making process, and during this process your buys still go to dark pools.

You can tell them to send your transaction to a lit market, and they will tell you "no, we know better than you."

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u/OGColorado 🦍 Buckle Up 🚀 Oct 01 '21

This morning, first trade, transfer to fidelity first is what I chose. What a drill and line of crap from first trade

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u/Mrairjake 🦍 Buckle Up 🚀 Sep 30 '21

Hijacking this for vis, because I just spoke with a rep at one of the large boomer brokerages. This rep was a supervisor in the actual DRS department.

We got to talking because I was tired of waiting for my transfer and finally got him to expedite it.

While he did say that he had thousands of requests, when I asked if he had any large 100,000 share orders, he chuckled and stated that the average is around 10 shares and the largest is around 500 shares. (He did say that they had thousands of requests and were processing a couple hundred daily. He claimed that the most labor intensive aspect was a form that needed to be filled out and then an approval process that needed 2 approvals.)

(For context, he's only referencing the orders that he personally sees and processes.)

TLDR:

There is no question that the majority of these xxxx transfer posts are BS and purposefully attempting to forum slide and cause a bystander effect.

EVERY DRS MATTERS.

Not investment advice.

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u/-_Artemis BUY✅ HODL✅ VOTE✅ BUCKLE UP✅ ZEN✅ DRS✅ 🩳FUK✅ 🏴‍☠️✅ 🦍🅻 🅵 🅶🚀 Sep 24 '21 edited Nov 02 '21

Pardon me for trying to hi-jacking top comment, I got news of a fellow ape that doesn't have enough karma to post but may have gotten a BIG, BIG piece of info:

https://www.reddit.com/user/Outrageous-Worth-421/comments/ptyah5/why_100_to_drs_its_up_to_the_apes/?utm_source=share&utm_medium=web2x&context=3

I need a wrinkled adult to either double-confirm this statement or debunk it.

IF TRUE: (NOT TRUE, WHEN THE WHOLE FLOAT GETS REGISTRERED, ComputerShare WILL INFORM GameStop AND THEY WILL DIRECT ComputerShare HOW TO PROCEED. For the time being, CS cannot registrer more shares than the float)

COMPUTERSHARE CAN REGISTRER MORE THAN THE FLOAT,

which, actually makes sense because it would be further proof of the illegal shit that has been going down for years.

Edit: updated the info since this comment keeps getting upvotes

6

u/Aickrastly Sep 28 '21

Nobody has commented SUS

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u/socalstaking 💻 ComputerShared 🦍 Sep 25 '21

This should be a post for all the worried apes

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u/truthzealot 💻 ComputerShared 🦍 Sep 30 '21

If I have 1 share at my broker (TDA) and I request to register (with CS) when the current share price is $10, do I risk losing money (or owning fewer shares after the registration) if the share price goes to $20 before the registration is complete?

22

u/_Exordium 🏳‍🌈 Homo Ape-ien 🏳‍🌈 Sep 30 '21

No. When you register a share all you're doing is transferring the ownership of it's official certificate to your name, the price you paid will carry over with the share regardless of the current price.

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u/truthzealot 💻 ComputerShared 🦍 Sep 30 '21 edited Sep 30 '21

Well then there seems to be no risk or downside.

Any idea what the comments about possible tax implications are?

EDIT: this may be noted somewhere already, but when I sell at some point in the future, does the money get deposited into my brokerage trading account where I bought the shares?

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u/SuspiciousKermit 🦍Voted✅ Sep 23 '21

So.....where do we go to see how many shares have been DRS'd?

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u/_Exordium 🏳‍🌈 Homo Ape-ien 🏳‍🌈 Sep 23 '21

We still don't know if it's possible to do so.

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u/ronoda12 💻 ComputerShared 🦍 Sep 24 '21

Some apes were planning to go to GME HQ to see the shares ledger

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u/_Exordium 🏳‍🌈 Homo Ape-ien 🏳‍🌈 Sep 24 '21

That seems... really ill advised.

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u/vpeshitclothing and get you the "ZOAT: Zenist of All Time" flair. Sep 29 '21

Lol

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u/obligatory1 Sep 24 '21 edited Sep 28 '21

Computershare. If/when you try to DRS your shares and they refuse you because all of the real shares have been registered you will at least know how many real shares are left (I.e. 0).

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u/[deleted] Sep 23 '21

If I’m not mistaken, fidelity gives out 1 million or something like that. If anyone wants to correct me, it’d be a great help

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u/ijustwantgunstuff Stocks n Glocks Sep 23 '21

From Fidelity's FAQ page:

"Fidelity's brokerage businesses (Fidelity Brokerage Services LLC and National Financial Services LLC [NFS]) are members of the Securities Investor Protection CorporationOpens in a new window (SIPC), and brokerage accounts maintained with Fidelity are covered by SIPC, which protects brokerage accounts of each customer when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing from accounts.
SIPC protects brokerage accounts of each customer up to $500,000 in securities, including a limit of $250,000 on claims for cash awaiting reinvestment. Money market funds held in a brokerage account are considered securities."

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u/SliceO314 Custom Flair - Template Sep 23 '21

Thanks for the amazing consolidation of info! You're amazing. I think I'll eat the $304 fee on WS for convrnience's sake. It won't matter once MOASS happens anyway.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

Its a great attitude but we aren't rich yet. Theres a lot of apes who dont have the cash laying around and its super fucking lame WS is charging so much.

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u/GorillaApeMonkeyBoy 🚀G=ME² - The Tit-Jack Continuum🚀 Sep 23 '21

SaxoTrader takes $1000 to transfer :( how is that legal

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

JFC that's insane. Do you have anything to back that up?

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u/GorillaApeMonkeyBoy 🚀G=ME² - The Tit-Jack Continuum🚀 Sep 23 '21

Yeah it says so in my trading screen:/ https://libredd.it/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/ also confirmed here. But, I just found out that Nordnet is only 50 bucks, and half of my GME is in there - so I will transfer those:)

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u/Cextus 💻 ComputerShared 🦍 Sep 24 '21

You could just transfer all your shares to a brokerage that doesn't cost a new butthole to DRS first, then DRS?

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u/smck25_ 🦍Voted✅ Sep 24 '21

Transfer to a different broker first. Then to Computershare. It's cheaper.

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u/MarranoPoltergeist Almost Retired Sep 23 '21 Gold Hugz

This is a great return to form for this sub: educational, factual, and most of all, helpful, to those who are trying to make their best individual financial decisions. Thank you for this.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21 Silver Gold

Man, I blushed. Trying to lead by example and i'm extremely glad it was noticed.

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u/Zealousideal_Bet689 🦍Voted✅ Sep 23 '21

I like this comment

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u/Ollywombat Wen Koenigsegg? Sep 23 '21 edited Sep 23 '21

Something to add, there is a $250k yearly limit to purchasing GME through Computershare. However, if you transfer in $250k worth of stock to be directly registered it does not count toward that amount. Even if it was purchased that year. Only the amount purchased through CS goes toward the year max.

You can read more details on the Computershare website. I asked this specific question in an online chat after transferring some shares from Fidelity. I figured I knew the answer but wanted clarification.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

That is interesting but I don't think it will effect many apes. I'm personally having ramen for lunch lol.

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u/Ollywombat Wen Koenigsegg? Sep 23 '21

Right, but having this information should aid the average GME shareholder after MOASS. 😃

I am sure the yearly amount can be increased if concerns were raised. Especially since it is a fixed dollar amount based on the fluctuating value of a security.

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u/eATHLETE182 🦍Voted✅ Sep 23 '21

Outstanding job on this post! DRS is the way!

Waiting patiently - zen

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u/socalstaking 💻 ComputerShared 🦍 Sep 23 '21

All these fancy swap theories and quant research and all it takes for moass is to have ur name on ur shares…

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

lol RIGHT?

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u/Capital-Dog5431 💎 🙌 DRS 🦍 voted ✅ Sep 28 '21

Anyone with a straggler left at RH .... here is what you need to know:

Fellow apes please read to the end before you judge.

A year ago I bought my first stock. Being new I used the easiest app I could find... yes the much hated RH. At the time I didn’t know it.

I used RH to buy into GME at the end of Feb. by March I was reading all I could on Reddit.

Joined superstonk at its birth.

Participated in the mass exodus from RH by transferring to a safer broker in March. However, I only transferred whole shares......

I then sold other stock, and consolidated on RH which resulted with a few whole shares left there. But I left them so I could vote!! (Voted from 2 brokers!)

I decided last week it was time to get those scragglier shares out of RH and wanted to transfer them to CS. I couldn’t find any info in Superstonk to help guide me. So I set out to figure out the process to help myself and other apes.

Double Black Diamond ahead

The process to transfer out of RH to CS should probably be considered a double black diamond!

First, RH tells you all transfers have to be initiated by your other broker

Second, there is a $75 fee no matter if it is partial or whole.

Third, I find a customer support number for CS and the lady tells me the transfer has to be initialed by RH. She tells me to call them and get them on a 3 way call so she can tell them how to do it.

Forth, after maneuvering through all the prompts RH places me on a call back list. I’m 6th in line. Watched my phone for an hour. When I reach the front it is exactly 8pm Friday night. The screen tells me that I am in line for a call back Monday between 8am and 8pm!

I figured there wouldn’t be anybody calling all weekend. However, a lady from RH did call at 8:30 and I talked to her for 1/2 hour. She could not do a 3 way call. And she could not do the transfer to CS. She said that was up to another department and she didn’t know when they worked or would get to me.

Monday comes and goes and no phone call. Today (Tuesday) I go through the prompts again and receive another call. The gentleman I talked to said the other lady was correct they cannot do a 3 way call. He said he would follow up with the other department and someone would get ahold of me later in the day.

An hour later I received an email telling me they could not complete the transfer for me.

Thus, I had to initiate the transfer from my other broker to get what was left at RH.

Then, I called my other broker and had them transfer an initial number of shares to CS. They are happily doing both transfers for me for free.

In the end I will have nothing left at RH, a new account at CS with the initial number of shares I transferred, and the remaining in my other broker.

Now I could’ve just transferred them to the other broker and kept silent. However, I’m a firm believer that if one person has a question others are thinking it and haven’t said anything. Thus, don’t bash me for being honest that I had some left that I hadn’t moved. It started out as a partial and I’m as I had money freed up I bought the dips. Sorry. But I’m a diamond handed voting ape!

Also, If anyone has any left at RH. Put your $75 in there before initiating a transfer to another broker or RH will deduct it from your shares before they transfer. Thus you will end up on margin at your new broker until you settle the amount.

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u/tjenaochhej 💻 ComputerShared x2 ✅ 🦍 Oct 07 '21

One thing I think is funny is that this is the first attempt at DRS from RH we've seen, and the only american broker not knowing how to DRS.

I guess that means all active ape holders really did move off RH.

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u/Capital-Dog5431 💎 🙌 DRS 🦍 voted ✅ Oct 07 '21

I’ve seen others but they get quieted down really quick. Plus, I’m sure there are lurkers that when they transferred out of RH during the mass exodus only transferred whole shares like me. Regardless as I sold of other stock to consolidate down to just gme I used that money to buy dips.... was just confident. Anyways. It’s all out know and hopefully this helps someone else.

I tend to view RH inability to drs more as an unwillingness than lack of knowledge or ability.

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u/LostSecondaryAccount 🦍Voted✅ Oct 06 '21 edited Oct 06 '21

I wish I'd known about the 75 before attempting to transfer out of RH an hour ago. :(

Edit: just found out fidelity will reimburse you for the fee, but only if the asset value is 2000 or more. Might just have to completely cancel the transfer because it's not worth it for me for what little I was trying to transfer

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u/aching_insanity GME will rise🚀. Source: trust me bro Oct 07 '21

Great write up. quick question - Is this a complete portfolio transfer or just GME stocks?

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u/Capital-Dog5431 💎 🙌 DRS 🦍 voted ✅ Oct 08 '21

It doesn’t matter if it is complete portfolio, a few whole stocks, or even partial. It is $75 for them to transfer anything out. Except to DRS they won’t transfer to computershares.

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u/DutySpirited 🌕 Is a cat 🐈🚀 Sep 23 '21 edited Sep 23 '21 All-Seeing Upvote

I like to think of it as a math problem, if everyone registers x percent of their shares if they can, the float is locked up in the infinity pool, Now all shares are worth infinity. Even the apes who could only afford 1 share or a partial, they will have their dreams come true too. As long as no one sells from the infinity pool.

If someone sells from the pool, then the rest are not worth infinity, it would take fuel from the rocket and slow the climb imo. Its why its suggested that everyone keep a few shares at a broker. If you have 14 shares in CS locked up in the infinity pool, and 6 at your brokerage, you have 6 shares worth infinity to sell. you sell one from CS now everyones shares are worth less.

the question i think we should ask is SHOULD we sell from CS, not CAN we.

It seems the smartest strat would be to hold some in a broker as well like doom suggests. thanks for the hard work doom

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

This the the uncharted territory stuff I was talking about. I hope people don't think i am saying you SHOULD sell through CS. I just wanted to address the fud and prove you CAN sell with CS and its super easy.

It's all gonna depend on if CS prevents new shares from being DRSd once the float or outstanding shares are achieved.

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u/Altruistic-Beyond223 💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L Sep 23 '21 edited Mar 01 '22 Gold Helpful All-Seeing Upvote Brighten My Day

Actually CS is not allowed to issue more than the number of total outstanding shares. If they do, they will be forced to buy-in (with "certain exceptions") which could be costly for them and IMHO would go against their best interests.

From the SEC: https://www.sec.gov/rules/concept/2015/34-76743.pdf

(Page 70 of 208)

Rule 17Ad-10(g) requires, with certain exceptions, that any transfer agent that erroneously issues securities that result in an overissuance246 must “buy-in” (i.e., purchase securities in the open market) securities equal to the number of shares (in the case of equity securities) or principal dollar amount (in the case of debt securities) of the overissuance.247 The buy-in requirement is designed to deter transfer agents from permitting record differences to accrue and encourages them to maintain complete and accurate records that assure that securityholders will receive all appropriate corporate distributions and communications.248

Note that I'm not entirely sure what the "certain exceptions" are to this rule, as I'm not sure if this corresponds solely to notes 246/235 below.

Note 246:

See supra note 235.

From note 235, page 68 of 208:

The Commission’s transfer agent rules do not provide a definition of “overissuance” or explicitly import a definition from other authorities that have defined this term. The UCC provides a definition of this term which has been amended over the years and currently provides: “In this section ‘overissue’ means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.” U.C.C. 8-210(a). One way in which an overissue can occur is when a corporation issues more shares than are authorized under its charter, such as its articles of incorporation. Under state law, shares over issued in such a manner may be deemed void. See, e.g., Del. Gen. Corp. L. §§ 161, 242(a)(3). For more information concerning the general concept of “overissuances” and types of transactions in which overissuances can occur, see Guttman, supra note 6, at § 11:7; Rhodes, supra note 18, at § 22:3.

Note 247:

Exchange Act Rule 17Ad-10(g)(1), 17 CFR 240.17Ad-10(g)(1).

Note 248:

See Maintenance of Accurate Securityholder Files and Safeguarding of Funds and Securities by Registered Transfer Agents, Exchange Act Release No. 19860 (June 10, 1983), 48 FR 28231 (June 21, 1983) (“Adopting Release for Rule 17Ad-10”).

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

Yo man this is SOLID info and I really appreciate it. Looking into it now.

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u/Odinthedoge 💻Compooterchaired🦍 Sep 23 '21

Were going to direct register them all. All of them.

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u/Altruistic-Beyond223 💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L Sep 23 '21 edited Sep 26 '21

Take note of the of the CMKM incident, where it was my understanding that the company (CMKM) was overissuing shares (not just MMs, FIs, SHFs naked shorting), but don't quote me on that. In this case the overissued shares would be deemed void according to the footnote 235 (see bold text of which I added for emphasis):

235 The Commission’s transfer agent rules do not provide a definition of “overissuance” or explicitly import a definition from other authorities that have defined this term. The UCC provides a definition of this term which has been amended over the years and currently provides: “In this section ‘overissue’ means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.” U.C.C. 8-210(a). One way in which an overissue can occur is when a corporation issues more shares than are authorized under its charter, such as its articles of incorporation. Under state law, shares over issued in such a manner may be deemed void. See, e.g., Del. Gen. Corp. L. §§ 161, 242(a)(3). For more information concerning the general concept of “overissuances” and types of transactions in which overissuances can occur, see Guttman, supra note 6, at § 11:7; Rhodes, supra note 18, at § 22:3.

Only in a scenario where Gamestop authorizes and overissues shares could the shares be deemed void based on this rule.

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u/ElChidro 🦍 Buckle Up 🚀 Sep 26 '21

☝ It's the hedgies that created these phantom shares that apes are gobbling up like a hungry hungry hippo. Hedgies R' Fukd!

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u/braidenshere 🦍 Buckle Up 🚀 Sep 29 '21

They created synthetic shares. Phantom shares are ones you buy on places like RH and RH promises to buy them later

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u/dratseb Sep 26 '21

No, it says “one way” that means their are others. I’m guessing naked shorting is one of the other ways.

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u/Altruistic-Beyond223 💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L Sep 26 '21 edited Sep 26 '21

Edit: I misunderstood your point. Yes, one way to have an overissuance of shares is if Gamestop overissues shares. Indeed, there are other ways overissuance can occur. However, only in the case they are overissued by the company are the shares that were overissued deemed void.

Original comment: TBH, I'm not sure if there are other ways that would void shares. CMKM is the only company I'm aware of where shares were overissued by the company, such that those overissued shares were deemed void. This was defrauding of investors by the company.

Naked shorting of the stock by SHFs/PBs/MMs cannot by itself be used to void shares, as the obligation still exists for shorts to deliver the shares (they are short) at some time in the future.

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u/dratseb Sep 26 '21

Yup, made another post to ask and a few people explained it to me. Still suspicious (bc we’re dealing with bold criminals) but not worried about this particular rule anymore.

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u/Altruistic-Beyond223 💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L Sep 26 '21

Yeah, this is a rule not to be worried about. It says that it's basically in Computershare's best interest to not overissue shares, since if they did, it's on them to buy-in at market price which could ignite the MOASS. And knowing RC, he will not allow the company to overissue shares. This is a great rule!

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u/onenifty Fuck no I'm not selling my $GME! Sep 26 '21

I found a corporate document from Computershare that mirrors what you have written about them not being able to register more than the float. Page 5!

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u/CR7isthegreatest DFV & The Defective Collective Sep 26 '21

Thanks!

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u/DutySpirited 🌕 Is a cat 🐈🚀 Sep 23 '21

Agreed, once the float is locked up i dont think anyone knows what will happen. the algos may not even be programmed to deal with 0 shares.

/e as suggested diversifying is probably a good bet also as suggested.

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u/videoflyguy 🍦💩🪑 Power to the Creators 🦍 Sep 23 '21 This

Once 1 person sells from CS the hedge funds have "x" number of shares to start decreasing velocity. CS is, in my opinion, the place where forever shares need to go and stay. The people who transfer 100% to CS are missing the point. Only sell from a broker and the SHF's will be tied up for months

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u/Odinthedoge 💻Compooterchaired🦍 Sep 23 '21

I'm holding my direct registered shares till I die, set up a beneficiary, they're only getting my synthetic/phantoms.

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u/videoflyguy 🍦💩🪑 Power to the Creators 🦍 Sep 23 '21

Right on, I like the way you think. Once the pool's sprung a leak it's just a matter of time until the squeeze is over.

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u/CompressionNull 💻 ComputerShared 🦍 Sep 24 '21

Can you explain more about how shf can use real shares to decrease velocity? Im not saying I don’t believe its true, but I think its really in our best interest to flesh this part out as fully as possible so that we can be informed on what the possible Achilles heel would be to pump the brakes on the MOASS.

For simplicity, lets say only 10 shares are out there. 5 fake, and 5 real.

The 5 real ones get locked into CS…so only the 5 phantom shares are left out in the wild.

MOASS hits, and 2 phantoms get sold, as well as 1 real share gets sold.

So now we are down to 7 shares. 4 real ones are still in CS and 3 fakes in the wild.

I feel like what would happen is one shf would be able to snag that real share, and they would be able to satisfy their short position. So now there are less shf in the mix needed to purchase all the rest of the phantom shares.

If that is even correct, how would that equate in terms of reduced velocity? Would that decrease the max price that we could reach? Would it just take longer to reach the same max price it would have anyway? Or is it even worse than that and the shf’s can now trade that real share back and forth and ignore the fakes?

If any wrinkle brains out there can put their big brains on solving the above then that would be really really helpful and again I can’t stress how important it is that we have this info before lift off!

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u/MrZeeus 🦍 Buckle Up 🚀 Sep 24 '21

Literally it's irrelevant whether a share is fake or real. They're both treated as real. Whether the shfs cover with real or synthetic share doesn't matter at all. They just need to buy back to get the total number to match the total float 76m. Even if they bought all the real ones they would still need to buy more synthetics, again in order for them to make the total float (synthetic or real) back to 76m. That's when the squeeze and squozen.

I'm not sure why people think having the float in Cs will be the infinity pool. That doesn't really make sense. If Cs has 76m float. But all the synthetics in all the brokers get sold then there's absolutely no reason the squeeze wouldn't be squozen. The end goal for shfs is just to end up with the share count = float count.

If any wrinkled brain can chime in and correct me if I'm wrong, go ahead.

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u/CompressionNull 💻 ComputerShared 🦍 Sep 25 '21

At this point its two smooth brains trying to figure out the most efficient nozzle curve coefficient to best achieve space flight.

We need an adult. Or several.

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u/Vive_el_stonk The secret is the tungsten-carbide NFT marketplace. CALL NOW! Sep 23 '21

I upvote this 👆

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u/getfit87 💻 ComputerShared 🦍 Sep 23 '21 Wholesome Narwhal Salute

I completely understand peoples nervousness about this and I think we can all appreciate your post.

I’m a lowly XX but I transferred 90% to CS so far and I’m sending the rest today. This is the way.

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u/Heyohmydoohd Voted 😩 Sep 23 '21

Not financial advice but if one more thing could be added that can help dispel FUD:

u/Doom_Douche, are the shares held by the Board of Directors and locked insider holdings directly registered? I assume they would be as they cannot be bought, sold, sold short, or traded in any way bounded by law. If there's a way to confirm that fact people would very much be interested in holding their shares with the same level of safety that is trusted by Ryan Cohen and the Board themselves.

Direct registry is legit because Computershare is the literal issuer of our shares and that's why I don't feel the need to give brokers a damn cent.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

I have always just assumed this but you are right this would be good to confirm. Im not sure how but im gonna add it to the list and see what we can do!

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u/expertsmilee PLEASE BE GREEDY 💰💰💰 Sep 23 '21

I liquidated the 🍿 shares that I’m going to part with today, dumped the funds back into GME and transferred them over to computershare. This is going to be absolutely nutty once it finally pops.

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u/[deleted] Sep 23 '21

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u/millertime1216 🦍💕🦍Love your neighbor as yourself🦍💕🦍 Sep 23 '21

Yessss. Way to gooooo 🧨🚀

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u/philhendrie100 💻 ComputerShared 🦍 Sep 23 '21

I bought my first share on CS! Excited for it to go through, still says its "Awaiting Price." I am thinking about transferring some shares though, but am wondering if I should wait for the purchase to confirm, or just call TD to transfer now. Would transferring now end up making 2 CS accounts?

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u/[deleted] Sep 23 '21 edited Oct 15 '21

[deleted]

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u/philhendrie100 💻 ComputerShared 🦍 Sep 23 '21

Is a CS account # created for me when my stock purchase is completed?

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

That I cant be 100% certain of. I don't think there is much harm in waiting. When i transferred from fidelity to CS over the phone they didn't even need a CS account number. I would assume that all the shares would find there way to your account but you could always call CS and just ask.

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u/philhendrie100 💻 ComputerShared 🦍 Sep 23 '21

you could always call CS and just ask.

Good point!

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u/Ash_the_Ape 💻 ComputerShared 🦍 Sep 24 '21

Europoor ape here. Following the instructions shared in the community I DR part of my GME some days ago. Probably these shares have arrived to CS, but I don't have a way to know it. I would like to ask there if they received my shares and if they have sent the mail with the account info (as I live in a remote part of Europe, this mail will arrive in several weeks). However, in Computershare page, all the contact options (except phone) require to have an account number, which I don't have yet. Do anyone know how to contact them through email or their webpage without an Account Number?

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u/RLTrager 💻 ComputerShared 🦍 Sep 23 '21

I’ve transferred and bought and spoke to CS before doing both. I was told that you would end up with two accounts (one for the purchase and another for the transfer), but that you can easily consolidate both with CS once they’re both setup. My purchase account I still haven’t gotten info for, but was able to register my transfer account 3 days after calling Fidelity to initiate the process. When I saw my shares leave Fidelity, I registered with CS through investor centre and my transferred shares were waiting for me 😁

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u/famishedburritocat 🌱 joined the party 🧙🏻‍♀️🦭 Sep 23 '21

Please follow up when you complete the IRA DRS process, I have a significant portion as well and would like to DRS those as well.

Thank you

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

Absolutely. u/MyPlayProfile is beginning the process today and I have asked him to do a write up on the process!

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u/Atri0n 💻 ComputerShare is The Way of Ook 🦍 Sep 24 '21

Amazing writeup. I had to scroll down pretty far for IRA info but I'm glad it's here. Thank you!

Would this same procedure apply to a Rollover/traditional IRA? Are there any options for HSA accounts?

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 24 '21

I have only just begun digging into the retirement account aspect of this. u/myplayprofile has a much better understanding of it. You might wanna chat with him

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u/tenors703 🦍 Buckle Up 🚀 Oct 01 '21

Any updates on the retirement accounts and if they work for DRS without tax implications?

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u/lucidfer 💻 ComputerShared 🦍 Sep 28 '21

Awesome work doom-douche, any updates on the IRA? The majority of my shares are held within, and are starting to get itchy looking for a new home.

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u/B1rdBear 🎮 Power to the Players 🛑 Sep 23 '21

Great write-up! Up up and away!

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u/Choambrosk02 Custom Flair - Template Sep 23 '21

I read a good plan from another post.

So you would essentially divide your shares 3 ways (does not have to be equal parts)

1 part goes to DRS for pool.

2 part goes to broker for Moass.

3 part goes to broker for transfering to CS when Moass is happening to replenish the pool when/if institutions sell their Direct shares.

So for me I've transfered most to CS and am buying from CS but I think if the price action is staying low or going lower I'll just buy from fidelity and keep it there to transfer to Computershare during MOASS.

What do other ppl think of this idea? Curious what others think about it.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

I think its a good thought but it hinges on uncertainty. We dont know if CS will cut off DRS once the float or the outstanding shares have all been registered.

Either way diversification is crucial. The ratios are up to each individual investor but it seems crazy at this point not to have at least some shares with CS

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u/Justind123 w’ere supposed to support the retail Sep 23 '21 Gold

Thanks doom for putting countless hours into this! I hope this puts all the FUD to rest regarding ComputerShare!

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u/goldielips ← she likes the stock Sep 23 '21

This is great, thank you! And thank you for remembering how to hit the sell button for the greater good of this mission 🚀 Super helpful!

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u/half_dane 𝐅𝐔𝐃 𝓲𝓼 𝓽𝓱𝓮 𝓶𝓲𝓷𝓭-𝓴𝓲𝓵𝓵𝓮𝓻 🏳‍🌈 Sep 25 '21 edited Oct 05 '21

Just a little heads up about the sell limits we're continuously seeing : support staff keeps telling us that whatever the limit is, we're gonna get the price the stock is currently trading for. Imho they are referring to the NBBO, the national best bid offer, and all retail orders have to be executed within this window.

So if your limit was $2, and the nbbo (i.e. the current price) is $50M, you'd get $50M. Same for market orders.

If you're still with me, I have bad news and I have good news:

Tldr: hedgies r fuk, hodl&buy&drs

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u/Krunk_korean_kid 💻 ComputerShared 🦍 Oct 05 '21

god damn, this question seems to be a bastard to answer. i wanna see more than a $1 million sell limit (as do many others) but there doesnt really seem to be any definitive answer. Have you called computer share to specifically ask " if the value of GME is over $3 million per share, will i be able to 'limit sell' GME for $2 million dollars or $3 million dollars?"

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u/half_dane 𝐅𝐔𝐃 𝓲𝓼 𝓽𝓱𝓮 𝓶𝓲𝓷𝓭-𝓴𝓲𝓵𝓵𝓮𝓻 🏳‍🌈 Oct 05 '21

No, I haven't.

I imagine that their answer would be something like this: "Unless gamestop changes the rules for their stock, you won't be able to enter a limit higher than $1M."

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u/Krunk_korean_kid 💻 ComputerShared 🦍 Oct 05 '21

only 1 way to find out! you've already gone this far. :D

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 25 '21

Fantastic. I have added your comment to my pinned comment!

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u/Tianaut 🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 Sep 26 '21

Beware this may not be accurate. I had one rep tell me the transaction value cap applied to all order types. No one seems to be asking the question of them using the exact wording I have, which means drawing possibly inaccurate conclusions.

https://www.reddit.com/r/Superstonk/comments/puo22y/computershares_1m_transaction_value_limit_applies/

Comments on that post said it's debunked, but no one has actually shown me where. As more people ask these questions, hopefully we'll gain confidence in what the true answer is.

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u/Krunk_korean_kid 💻 ComputerShared 🦍 Oct 05 '21

commenting for visibility . ty for your research

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u/Tedsgirly 🧠Gaining Wrinkles🧠 Sep 23 '21 Silver

What’s sell?

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u/Troydog4 🦍 Glitch better have my money 🚀 Sep 23 '21

Quick smooth brained question for a wrinkle brain to help me with...

I recently created a computershare account and bought some shares (about a week ago). It's at the point now where the $ has been taken out of my account, but I haven't been issued an account # so I can't log in. No problem...except now I want to purchase more shares. Should I wait until I'm able to log in to make another purchase? OR should I go through the same process as if I'm a new customer buying shares for the first time?

Thanks in advance for any help!

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

If I were you I would wait. But its also worth just calling them to make sure everything is going smoothly. They dont have fantastic customer service but with a trade of this magnitude its silly to sit back and hope everything is going ok.

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u/Troydog4 🦍 Glitch better have my money 🚀 Sep 23 '21

I tried calling, was on hold and gave up. I'm pretty sure, based on all the time frames I've seen on here, that I'm very close to being done with the process and will be able to buy soon. Thanks for taking the time to reply.

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u/CollapsingUniverse Flair Sep 23 '21

Just have patience. If you call, have even more. They are probably swamped.

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u/Odin554 🎮 Power to the Players 🛑 Sep 23 '21

Just went through this. All I can offer is my experience.

It took about a 3 days to drain my account once I made the purchse. I got an email saying they drained it and my account showed it. Then the weekend. Then I had to wait for them to purchase the share. I called them and was confirmed. This took 4 trading days. I did not receive an email about this though.

If you attempt to register with them on the Investor Register page, but have a zero amount of shares with them, then your attempt will bounce. So come Monday through Thursday morning and market close, I would just attempt to Register. Come Thursday, it happened. So on the 4th day.

This is now speculation! I imagine that if you purchase more shares, repeating the process you did for the first batch, before you have your first batch filled, then it would all join together once you can finally register. You are using your SSN to buy these. So they are registered to that. End of speculation!

When I finally called my broker, they did not need my Holder Account number from CS. They said that my SSN was attached to the stocks and that is how they know which account to throw it in.

I hope this helps. Cheers <3

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u/Troydog4 🦍 Glitch better have my money 🚀 Sep 23 '21

It sure does. Thanks very much for taking the time. I decided to just purchase more and will see how the dust settles.

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u/DIRTY_KUMQUAT_NIPPLE 🎮 Power to the Players 🛑 Sep 23 '21

In the same boat as you but have been told that once the purchase settles, you will be able to create an account. The money was taken out of my account as well but won't settle until Monday.

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u/superheroninja SHADOW OF ZEN Sep 23 '21

Is anyone keeping a tally of CS shares registered?

Mine completed today and I want to add my pile to the pile 🦭

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

Lol I have spent hours on the phone with CS trying to get them to release a total DRS count. So far they are unwilling to. They have an internal policy not to. I have requested a copy of that policy but they would only send it via snail mail.

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u/OlMikeHoncho GME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been Sep 23 '21

full disclaimer I’m a smooth brained moron, not a financial adviser. There’s a few paragraphs below that are marked as speculation. I’m not a bad actor spreading fud, but we as a whole need to have these conversations. I’ve been active as fuck in this sub for several months since I went down the rabbit hole that is our beloved stonk. I need the community to help me understand how I’m wrong and pick this apart if so

The theory behind locking up the float through DRS of shares in Computershare in order to properly expose naked shorting is brilliant. However my concern goes past the reveal of naked shorting, to the moass itself. Your stance on the selling of shares through CS is pretty much on par what I’ve been concerned about for the last week. I would love people to read my concern and spark discussion. Please note that I am not against CS. I transferred 16% of my XX position from fidelity to CS on Friday. Still waiting for it to show up on CS.

There’s been an absolute overload of posts pushing registering of 100% of every share you have into CS without presenting all the information. This has been going on throughout last weekend and leading up till today. Whether that’s simply hype or in the sub, or a legit campaign by bad actors is beyond me. Mods have a better finger on the pulse of the sub than any of us.

Every share in CS is an actual real verified share. Prior to the CS revelation, none of us could tell if shares held in retail traders names through brokerages were real or rehypothecated shit.

this paragraph is speculation and would love debate and civil discussion on My concern, which, if I understood your post correctly, mimics yours as well is that if I hold every share at CS, then I know every share I sell during the squeeze is one of the exact shares that these bad actors need to close their positions. I have no idea if that would impact the potential range at which the squeeze could go. For this reason, it would make sense in my opinion that of all the shares we plan to sell during moass, those in CS would have to be sold DEAD LAST for max pain, as they are the actual real shares, ESPECIALLY if we somehow manage to find out that the float is officially locked up in CS. But I don’t understand how that would be possible to execute on a mass scale because I imagine that would require planning and coordination and we are all individual investors who like the stock. Apes are gonna sell from wherever and whenever they choose and that’s fine by me. I personally will attempting to sell on the way down (though I have a smooth brain understanding of TA so I’ll try my best).

The DD points that the selling of shares is a pretty straightforward on CS. I feel like the question we have to be asking ourselves though isn’t “can we sell moass shares through CS”, but “should we sell moss shares through CS”.

A piece of advice that has stood the test of time is to “DIVERSIFY YOUR BROKERS”. A lot of retail traders that had their eggs all in one basket got shit on in January when many brokers turned off the buy button, notably Robinhood, Webull and other brokers that used Apex Clearing as their clearing corporation. The truth is we just don’t know how CS would handle during a significant market event like moass. The truth is the same for any broker as well. All we can go off is prior behaviors. For that reason alone, I wouldn’t want to throw everything in CS for the simple sake of hopefully having access to some of my shares during moass. IM NOT SAYING CS WILL CRASH! I just don’t want to risk it.

What we do know regarding selling on CS is we have the ability to place market sells and limit sells up to $1 million per transaction with CS. Maybe CS will remove that limit during moass but CS reps aren’t the most fond of speculation and haven’t been willing to give an answer to that hypothetical. According to them, any intent to sell higher requires a written request mailed to CS which takes several days, and once received, CS will include your order in a market batch order for whatever the price is upon placement. I understand moass won’t be over in a day. It’ll likely take days/weeks.

So if that’s something you are fine with then that’s awesome. They’re your shares, nobody can tell you what to do with them. HOWEVER, this sub and every retail trader, including myself, need to be educated about this selling method and should SERIOUSLY PREPARE themselves now for selling via this method. That means having letters typed out and signed, envelopes filled out and postmarked and the ability to get to a post office as fast as they can to overnight mail these letters.

another speculative paragraph I would love further discussion Another interesting point I’ve read some discussions regards the DTC itself. Since CS shares are DRS, they’re no longer in the hands of the DTC. The moass theory involves liquidation of firms going up the ladder, hopefully to the DTC itself where they would have to dip into their trillions in insurance to pay out to us lovely apes. A question I have, is if shares are DRS’ed, are they no longer DTC insured and what would that mean? Does DTC insurance payout apply to DRS shares? That shit is completely beyond me.

In my personal, non financial advice opinion, i believe the best strategy involving CS, besides the obvious locking up the float to expose crime, is to either

  1. Use CS as a LOOOOONG term holding of shares/ infinity pool theory/ NFT dividend guarantee. Shares that would be passed down to generations

OR

  1. If the intent is to sell shares with CS, to diversify brokers to mitigate risk, and out of every share owned, to sell CS shares absolutely last and to have the physical letter typed out, signed, and ready to be mailed out overnight to CS once the individual investor’s floor is reached, so that CS will take said shares and include them in a market batch order upon receipt of physical letter.

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u/danthesexy 🦍Voted✅ Sep 23 '21

You have very good points and I agree with you to an extent. My argument is that if retail does not meet the float because everyone is only doing 16% shares drs. We will never have to worry about the infinity pool or uninsured shares because the MOASS will never trigger. Keep in mind that many europoors or ants cannot DRS (easily although there are ways). And even among Americans we have people that aren’t buying the drs narrative or think someone else will cover for them. Even among super stonk where you have like 50k moass believers active at most times, you will only see around 18k up votes max on a stickied DRS instruction post. I think that’s why some people have been pushing for at least 80% for those that are willing to take action. Again I want to emphasize that your points are good ( I upvoted you) but your problems only become issues when the moass triggers and not before. This is not investment advice I’m hella dumb and smooth.

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u/OlMikeHoncho GME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been Sep 23 '21

I’ve only done 16% so far because I have a lowish XX position and want quick access to sell via more than one diversified broker.

I don’t doubt the efficacy of DRS to become a catalyst but with one solution may present another problem; my argument and worry being “oh fuck we started moass but shit every share I have isn’t immediately accessible to me now”. I plan on taking off work as long as need be during moass and sitting my round ass at the computer until I start selling off.

These are simply things that apes need to take into account before blindly yolo’ing 100% into CS. Just want us all educated.

Also, if there is way more than the float out there to begin with, wouldn’t we eventually get to 100% of shares locked up in CS anyways? The worry of people not putting any in or putting percentages seem like would only be an issue if there wasn’t any phantom shares out there at all, because only then would we never lock all of it up. Does that make sense? Sorry I’m spitballing here

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u/danthesexy 🦍Voted✅ Sep 23 '21 edited Sep 23 '21

I agree with not yoloing 100%. Not being able to sell in time will not be an issue since it takes seconds and we can agree the moass will be multiple days minimum going up never mind selling on the way down. Im not saying 100% is advisable but 80% is reasonable. The retail owns multiple times the float is true I believe but you have to see that anything that requires action or any effort will see a drastically reduced user base participation. There was a post here this week where the guy did the math and likelihood of owning the moass based on how many times retail owned the float vs percentage put into DRS. Even looking at the frontpage now about account numbers from compushare stating that GME has 250k accounts. Even if each account has 50 shares, that is 12.5M shares which is not enough to cover the float. I don’t believe the majority of apes have more than 50 shares but that is speculation on my part due to the average state of savings for the average American. There are valid reasons to not yolo DRS. For example stocks you bought for your Roth or 401k, you don’t want to lose your tax advantage and get penalized. But I will personally put the majority of my taxable stocks in compushare. After all one share sold on a brokerage will still be 50 mil but only after the moass triggers. Not investment advice

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u/OlMikeHoncho GME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been Sep 23 '21

Thank you for contributing. My post only wants to debate 100% of ones position being in one account based off the precedent set in January. At the end of the day throw whatever you want in there

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

First of all I absolutely HATE that you felt the need to include such a detailed disclaimer. You should be able to ask questions like this without the fear of downvotes or being called a shill. I tried to address that in my post but I want to just apologize on behalf of the community here.

Right now with the information available my head is in the same place as yours. I don't think its a good idea to DRS everything and I think its a better idea to sell shares through your broker rather than CS. I just wanted to prove that it is possible in my post.

The batch order stuff I think you might have wrong though. They batch buys but sell orders are executed immediately. The whole 1 million or 2 million ceilings seem to be an arbitrary amount and I do believe this would change during the MOASS. It's never happened before and someone probably wrote that policy thinking that they wont have to update it for 100 years. That said we still need to keep digging and eventually get CS to modify this policy. I have a hard time imagining the price being 5 million a share and CS saying, "lol too bad you can only sell for 2 million".

The insurance stuff is also beyond my understanding and honestly the whole theory seems to be built on speculation and hypotheticals.

Overall I agree with your general assessment. CS is for locking up the float and showing the world that SHF have been lying. Trusted brokerages like Fidelity and Vanguard should be where people have most of their shares for selling during the MOASS and its also not a bad idea to spread a small amount to other brokers just in case, well I don't know what but I would rather be safe than sorry. For me its about not being greedy. I don't need to sell every single share I have for the best price possible.

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u/OlMikeHoncho GME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been Sep 23 '21

I appreciate your reply doom. And I honestly had a really tough time writing that post, for those exact reasons in the disclaimer. I was worried I was going to be labeled a shill and I was quite concerned with the myriad of posts regarding this for the past week.

I may in fact be wrong in the end about the batch order stuff and CS could certainly remove that 1 mil limit. I suppose what can we agree on is that we unfortunately don’t know for sure, which would be another reason to 1. Diversify brokers, and 2. Save selling CS shares for last, in case they do up that limit.

I’m completely agree about your take on the DTC insurance which is why I also wanted to spark discussion and bring attention to it if it indeed held water.

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u/Tianaut 🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 Sep 23 '21

Glad to see someone else out here trying to get the real information through the noise of the runaway hype train. I just put a lot of this same info into another comment, with links to sources, in case you'd find it helpful: https://www.reddit.com/r/Superstonk/comments/ptvaka/comment/hdzpi0o/?context=3

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u/OlMikeHoncho GME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been Sep 23 '21

Great info man. Given that this comment will like drown at the bottom of the post I may just copy and paste it into a separate post

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u/Tianaut 🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 Sep 23 '21

Whatever it takes to get the good info out there!

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u/Hot_Asparagus_1738 💻 ComputerShared 🦍 Sep 23 '21

Excellent write up OP!!!

Well put together, a very apey article, truly trying to help someone.

Thanks

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u/Starwarsandbacon 💎🥥🚀 Sep 23 '21

Just registered xxx (80% of my xxx) with Computershare through Fidelity. That was the most painless customer service call ever. Thanks for this post!

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u/MahlNinja Can't stop, won't stop, Gamestop. Sep 23 '21

Having 10-20 shares on fidelity, is it worth transferring to cs? What is the fee and process?

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u/plzkevindonthuerter We need to talk about your flair Sep 26 '21

Just call them it’s free I’ve done it over the phone twice and once through the online form

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u/MahlNinja Can't stop, won't stop, Gamestop. Sep 26 '21

Thanks for the info. Will transfer half my shares this week to start.

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u/sandinthemachine Is it true that the 🦧 wear furs of gold when they marry? Nov 10 '21

Where's daily?

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u/SeanKrg03 🎮 Power to the Players 🛑 Sep 23 '21

DRS makes the infinity pool lasts for infinity!

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u/Pretend-Option-7918 💻 ComputerShared 🦍 Sep 23 '21

Another great post. We need a DRS master post with all solid drs posts categorized and easily accessible.

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u/Verciau The head in the clouds Sep 23 '21

Nothing makes me happier than seeing a section like this:

What We Still Don't Know

I have a lot of these same questions, they are difficult to find answers for. It's also very brave to state what you don't know when you are trying to build confidence that you've done your due diligence at the same time.

Thank you for this excellent post. I believe this will help many! Good ape!

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u/Antares987 💻 ComputerShared 🦍 Sep 23 '21

I'm so happy this is the answer. I posted a question months ago asking about liquidity, the SIPC, et cetera and how the hell do get out of "street name" shares. 25 upvotes and lots of "don't worry" in that post. Now it's nice to see that CS is the answer and in less than two months, the question was not invalid: https://www.reddit.com/r/Superstonk/comments/ojigqo/wut_do_wen_moon_or_if_i_sell_and_then_my/

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u/yappledapple 💻 ComputerShared 🦍 Sep 24 '21

How did you interpret the SIPC rules, if Citadel we're to go bankrupt?

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u/Antares987 💻 ComputerShared 🦍 Sep 24 '21

Or just my broker. My concern is they’re gonna leave us with title to shit tons of money, but too bad, so sad, the guy who hit you with his car and totaled your lambo only had $1000 of insurance.

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u/Fedwardd 🔊 🔊 GME louder than 🎶🔊🔊🦭 Sep 25 '21

everyone! So anyone who is too busy during the week to call...just know you're able to call in Fidelity during the weekend and initiate your transfer.

I just called in today and was done in less than 5 mins. They told me it would be 2-5 business days. can't wait, don't be discouraged if you have no free time during the week!

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u/WeLikeTheStonksWLTS 🦍 Buckle Up 🚀 Sep 26 '21

Sad wealthsimple ape here 😫 thinking about paying the $300 Canadian fee. But I could buy more synthetic shares with that😫

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 26 '21

This is a great point and its 100% true. I did my first transfer initiated on a saturday evening.

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u/ppbourgeois 🚀 🚀 🚀 🚀 🚀 🚀 🚀 Sep 30 '21

Today, I found out wife has 8.5k built up in a 401k under ADP. It’s 100% in some dumb mutual fund. I’m trying to help her and I don’t see any options to invest in gme, just a limited selection of mutual funds.

She wants to go all in gme. What’s the best process/form? I’m Canadian so I’m new to the USA financial ecosystem. Does she rollover into an IRA? Which broker? Best form to submit? Is she going to have to email HR? Etc etc what is the optimal route that gets her to maximize all her savings into 100% computershare and directly registered to her?

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u/platinumsparkles I 💜 Gamestnk Sep 23 '21

Great post! So many resources for everyone to go through themselves! I love that you encourage critical thinking and break it all down. Thanks for putting in the time to put this together

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u/investor23n 🎮 Power to the Players 🛑 Sep 23 '21

Very well written. I haven't tranfered any yet, but still considering. You have answered many of my questions though.

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

All I wanted to do with this post was to provide the information you need to make that decision. If I have done that I am a happy ape.

Do you have any other questions or concerns? I still have some that I listed at the bottom but if you share yours I can hopefully address them in the future

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u/[deleted] Sep 23 '21

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u/Tianaut 🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 Sep 23 '21

I've been trying to get accurate, sourced information out there on this topic. I put a lot of info into another comment: https://www.reddit.com/r/Superstonk/comments/ptvaka/comment/hdzpi0o/?context=3

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u/[deleted] Sep 23 '21

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u/Tianaut 🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 Sep 23 '21

I haven't seen anything indicating a limit on the number of transactions. Before I was screenshotting everything I did on CS, I seem to recall not being able to initiate a transaction while I still had a pending transaction that hadn't completed, but their customer support rep told me today that doesn't happen. I need to test it again.

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u/highvestor182 🎮 Power to the Players 🛑 Sep 25 '21

Can I DRS from robinhood once and for all?

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 25 '21

I am sure its technically possible but i havent seen anyone personally report they have done it. If it were me I would transfer from RH to a legit broker first and go from there.

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u/bigbramble 🦍Voted✅ Oct 06 '21

It's so RIDICULOUS that retail investors have to go to such extreme lengths to avoid their shares being criminally duplicated by hedge scum. Why the hell wont the SEC stop looking at pornhub for 5 mins and deal with these utter criminals?

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u/EpicWhaleSquad 🦭 Oct 18 '21

Thanks for the guide! I’m with you guys, 100 shares long and strong!

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u/svesrujm 🦍 Buckle Up 🚀 Oct 28 '21

Question: does my dollar cost averaging change when direct registering my shares? I've seen screenshots of DRS and it looks like the shares when transferred take on the current share price.

What if GME moons during transfer process? Any help appreciated.

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u/[deleted] Oct 30 '21

This is in my opinion the most important post here and should always have a pin at the top no matter what! The game changes once we load up the float on CS.

DRS is da wae

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u/Working-Yesterday243 🚀 Retard ape Tomorrow 🚀 Sep 23 '21 All-Seeing Upvote

I like the stock and your work.

You can also add this post for European apes:

https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 23 '21

Great work! I added it thank you!

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u/[deleted] Sep 23 '21

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u/Xkloid Sep 24 '21

You do not need to wait for the letter in the mail to create an account at computershare, you only need to wait until the shares are transferred from your broker, and then create an account as "investor" following intructions given on CS website.

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u/Hoodieboy505 Sep 24 '21

Buying shares is fun there. Threw in 200 bucks at $210, didnt go through until GME was at 191. Stonks.

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u/[deleted] Sep 26 '21

So shares on etoro don't count?

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u/golfcatsstonks Actually is a Cat Sep 29 '21

I'm very retarded and have a question. Once shares have settled into the CS account, do you need to change to Book Entry? Or are they by default Book Entry when transferred from a brokerage? I'm terrified to click any buttons right now.

Do I need to "Enroll" in the Direct Stock plan on CS?

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Sep 29 '21

According to CS you don't "need" to. I switched to book entry for my bought shares because the language is a little weird. With cash dividends on the default plan they just reinvest the dividend into more shares. With book entry they deliver the dividend to you. This language is based on cash dividends but in the event of an NFT dividend I want to be clear. That shit is MINE

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u/Excellent_Ad6712 🦍Voted✅ Sep 30 '21

Just made my first transfer from Fidelity today. Thank you for making this post, without it I likely wouldn’t have gone thru with it

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u/wolfofballsstreet 🎮 Power to the Players 🛑 Oct 09 '21

Just got my first share on computershare via giveashare. Opening a usd account so I can continue to buy once my account is open. Don’t want to move my TFSA shares and expose myself to cap gains taxes yet. 🇨🇦🇨🇦🇨🇦🦍

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u/I8thegreenbean Kenny's Personal TaintPunch Specialist Oct 11 '21

I submitted a request to transfer my entire portfolio from Etrade to Fidelity this morning. Once complete, I'll then be in a position to DRS my GME shares without the bullshit 4-6 week wait/$500 Etrade is trying to claim. Estimated completion date is 10/18, hoping they show up in Fidelity sooner.

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u/notzebular0 Dec 13 '21

RC needs to exercise those shares at this price

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u/UnknownFavi YOLO 😳 Dec 13 '21

Wouldn’t it make sense for the price to tank before moass ?

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u/[deleted] Sep 23 '21

Yooooo this is exactly what I have been looking for. This is the information a lot of us needed. Thank you.

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u/continentalgrip Sep 23 '21

I have a question: if direct registering the entire float makes it harder to short a share, does it make it hard/impossible to buy anymore shares?

Normally the MM just creates shares out of nothing to ensure liquidity, which makes no sense at all. If every share is already owned and no one is selling, the price should be rising.

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u/onepride81 🎮 Power to the Players 🛑 Sep 23 '21

This post was the one that got me to change my mind on CS. XX shares registered today. I don't plan on ever selling these, yo-fucking-lo, retards

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u/DonDyon I’M THE ONE WHO STONKS Sep 23 '21

Wtf Computershare is Australian lol

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u/Dry_Doctor443 LiGMA Sep 24 '21

This ape just sacrificed a stonk for us ❤️ I feel better about the transfer. Thanks for your service. here’s an award 💜

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u/FluffyCustard5594 💻 ComputerShared 🦍 Sep 27 '21

Don’t have enough Karma to actually post, but transferred 1/3 my holdings so XXX went to Computershare last Wednesday as of yet I have not heard from CS. After close on Friday my shares disappeared so I should hear by today! It’s the way! CAN’T STOP, WON’T STOP, GAMESTOP!!!!

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u/BarronVonCheese 🎮 Power to the Players 🛑 Sep 29 '21

Has anyone had success registering their shared with CS from New Zealand?

I just called them and they said they cannot help because they are not ASX or NZSX stocks.

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u/LeeeesC Oct 02 '21

I don’t want to be a Debbie downer and what I’m about to say isn’t my own personal view. If you know who Marc Cohedes is he’s a famed short seller but is against the short sellers attacking us as they are predatory( he was interviewed by Lucy Comisar- you can find that interview on her Twitter page). He claims to be an ethical short seller calling out true fraud only and not trying to bankrupt companies for dollars. Marc partook in a space call the other night and said CS is a waste of time and not going to do anything for us. This space call was recorded by BossBlunts and its on his YouTube channel if you wanted to hear Marc say that for yourself. I don’t know if he’s right but he knows more than I do related to stock market so I’m just leaving it here to open dialogue.

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u/Fit-Tackle-6107 💻 ComputerShared 🦍 Oct 02 '21

Are the ID/Account numbers people posting just for those with shares in GME, or is it just ComputerShare accounts?

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u/Doom_Douche I'm D🟣ing My Part - 🩳 Я 🖕 Oct 02 '21

We are pretty sure they are GME specific. Live chat has said this and I even bought 25$ worth of shares in another company to check. The number I got with that company was like 1.7 mil.

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u/sadkee 💻 ComputerShared 🦍 Oct 05 '21

This is finally back….stop unpinning mods

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u/Due-Satisfaction-537 🦍 Buckle Up 🚀 Oct 08 '21

Revolut DRS - @u/abuseUDna has a post about this. It works!!

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u/SirUptonPucklechurch 💻 ComputerShared 🦍 Oct 12 '21

For 🇨🇦 apes. Shares took 2 weeks to transfer out of trading account 🇨🇦, but I have to wait for physical mail before creating a second account. Years ago I created a CS account for a private company that IPO’d.

Sharing this because I didn’t realize I would have to make a second CS account for my GME shares.

If this helps out one APE then great.

Buy, HODL, DRS

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u/k24hatch 🦍 Buckle Up 🚀 Oct 13 '21 Take My Power

Thank you for this post! I decided to stop being lazy today and transferred my 4 little shares from fidelity. The girldidn't even need to ask what I was after lol I was on hold for about ten minutes and on thephone with her for less than 5. Fucking jacked right now! My tits are jacked!

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u/Mental-Link-9681 Purple Circle Promoter Oct 24 '21 edited Oct 24 '21

S.I.T

🇨🇦 Update for Scotia ITrade

🇨🇦 ape here...i just started my Drs transfer Friday..here is the skinny..

.it costs one hundred dollars (Canadian) for ITrade and up to 500 (US) for the Drs registration (and hassle of locating shares)...this monies must be in your acct in which you're transferring shares from (beforehand)...they also had to change my TFSA acct to a Cash Optimizer acct (this took two seconds)...the time frame i was given was 4-6 weeks (for registration completion) so obviously the time frame has increased from the previous post on here for ITrade...also...lets say the stock starts to take off and you are mid stream and you want to stop the transfer, you can, just call itrade and cancel your transfer, this will only take two to three business days (is what i was told) for them to get your shares back into your acct, but 4 to 6 weeks to transfer...lol...as we all know you can not trade these while in transit...they are in limbo but whatever the price of GME is when they pop up in your CS drs share/s acct on the other end...that will be their value...

Hope this was helpful

✌🦍🦍🦍

Edit: total time was roughly 30 minutes..

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u/HomeshareDiva Oct 26 '21 Gold

Has anyone here tried to drs shares from Moomoo(Futu). I can't find a way to do it.

I have an account at CS, but have not been able to log in, waiting for my purchased shares to confirm...

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u/captaindickfartman2 💻 ComputerShared 🦍 Oct 28 '21

Wait. Does this mean Computershare is the bannanastand? There is always money in the bananastand.

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u/Groundbreaking_Goat1 🧚🧚💙 I SAID WE GREEN TODAY 💎🙌🏻🧚🧚 Nov 03 '21

69k apes online , bullish

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u/abisso54 🦍Voted✅ Dec 13 '21

How do people with low karma post for the bot?

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u/Tomos1977 🌈🦍💎HOMO-HODLER💎🦍🌈 Dec 13 '21

Diamond hands being forged 💎 🙌

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u/LearnEspanol Manos de Diamante 🙌💎 Dec 13 '21

This is the December’s dip before the January’s rip

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u/DirtyRed32 DRS$GME Jan 21 '22

WHY DO THEY KEEP TAKING THIS AWAY AND RE-ADDING IT? JUST KEEP IT UP

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u/CaptainFalcon206 Feb 03 '22

!DRSBOT:20!”

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u/lebronformvp Feb 04 '22

Why was this post removed from the sticky spot on the main sub page? its a great resource.

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u/Nelvius Sep 23 '21

Sehr gut geschrieben, Danke. Das gibt ein upvote!

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u/[deleted] Dec 12 '21

Stop removing this post dam it!

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u/BackpackGotJets 🎮 Power to the Players 🛑 Sep 28 '21

I finally may have figured out a way to correctly update my cost basis from my RH transfer to Fidelity over 5 months ago. I had to use their secure e-mail tool to attach a spreadsheet detailing every GME transaction including date, amount, and cost basis. Once they update my cost basis, I will start transferring lots of 20 or so shares at a time to CS so I don't get caught without access to my shares. The problem was Fidelity only allows you to enter up to 4 decimal places manually and RH provides 6, so I ended up with a massive discrepancy in shares.

The reason I want to resolve my cost basis before transferring is because I feel like this may end up being a massive tax headache in the future if I don't. Side note for all other apes that have messed up cost basis, make sure to download your monthly statements from your old brokerage so that if they cease to exist at some point, you won't have the tax man big mad at you. If Fidelity takes too long to update my cost basis, I will just have to rely on my spread sheet and statements for tax purposes and just start transferring to CS.

I also switched my account to be Last in First out so that when I do transfer, all my tax advantaged shares will still remain in Fidelity when I go to sell if this goes on into January.

I am hearing it is taking weeks for some brokerages to locate shares and I believe this based on what Dr.Burry had reported when he had his shares recalled. I hope this isn't received as FUD. I am simply stating my personal hang ups before I start the CS migration. I will be transferring a majority of my shares there when this settles, but like I said only 20 or so at a time. None of this is financial advice, I am a crayon eating, XXX holding, ape.

Edit: I will be switching my Fidelity acct back to first in first out in January so I sell my oldest shares first for that sweet sweet long term cap gains.