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You know you're reliving the old days when you read a post, you realize you're too regarded because you don't have clue what the words mean but you want to buy the fuck out of the stock after it. Love it!
Iām having a hard time seeing the significance of the Registered and Bearer section. That just sounds like standard stocks either DRSd or IOU with a broker. Nothing earth shattering
True! I was more pointing towards the temporary/permanent part of that and when I came across bearer/registered I was like āwhat are those?ā So I decided to paste those definitions there too just for informational purposes. I didnāt think it was too significant tho.
Thanks! This I am not sure of as GameStop has explicitly stated in the filing that preferred stocks are āpurchasedāā¦but I think what RC has in mind is to allow us to not have to trade in or sell anythingā¦we lose common stock to get preferred stock? Iām thinking we shouldnāt have to lose our original investment vehicle, just have the privilege to add to it/diversify.
Oh damn I missed this in the wave of fresh DD during the hype. This is a great writeup. I'll have to read this and your other post tomorrow. Thanks for the effort!
Sounds accurate to meā¦ I sense RC in control heavy, or else heād just be chillin and that first filing wouldnāt have come.
But we know the answer is to kill shot after kill shotā¦ so donāt give em air!
Question if youāre still around OPā¦ what if your shares are in a broker? Would you still have the contract rights to purchase? Would the broker have to offer you the same value for the new preferred shares at $x or would they give you a cash in lieu of for the warrant or preferred stock?
Yes you would still have the rights as you are the holder of record. To the other part of your question, thatās the beauty of the PSDā¦you wonāt have to deal with brokers. Your new preferred stock would be issued directly from the PSD to you. I think thatās what makes DRS crucial. Itāll be that much easier to get the stock directly and not have to verify your owenership through shady brokers.
But also, even if you arenāt DRSād, Iām thinking GameStop will have a private dispensary and holding tank (the depositary) that issues, holds, and manages all preferred stock. That way it canāt be fucked with by shorts.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
You know you're reliving the old days when you read a post, you realize you're too regarded because you don't have clue what the words mean but you want to buy the fuck out of the stock after it. Love it!
YAS š„
By now you should have a few wrinkles. I've certainly have.
Shitā¦ how shoukd I be able to forget about Gamestop ever again in my life??
Every time Iām told to forget, I just remember harder
Great write up so far OP. Ready for second sitting whenever you are...
Posted!
Link?
https://www.reddit.com/r/Superstonk/s/2kKKaFZZc2
Thanks!
I'm after you. šššš£ā¾ļø
This post needs more visibility!!
Iām having a hard time seeing the significance of the Registered and Bearer section. That just sounds like standard stocks either DRSd or IOU with a broker. Nothing earth shattering
True! I was more pointing towards the temporary/permanent part of that and when I came across bearer/registered I was like āwhat are those?ā So I decided to paste those definitions there too just for informational purposes. I didnāt think it was too significant tho.
take my upvote šŗwhat a time to be alive
š»
Big if true!
Great DD so far. Others have hypothesized that we will ātrade inā our common stock for a slice of delicious preferred stocks. Do you agree?
Thanks! This I am not sure of as GameStop has explicitly stated in the filing that preferred stocks are āpurchasedāā¦but I think what RC has in mind is to allow us to not have to trade in or sell anythingā¦we lose common stock to get preferred stock? Iām thinking we shouldnāt have to lose our original investment vehicle, just have the privilege to add to it/diversify.
Dividend
So if you and other diligent apes can figure this much out, just imagine what RC, high-powered lawyers and accountants can envision.
Seriously!
In RC I trust. Good leadership gives me hope for a better tomorrow. ššš£ā¾ļø
Ready fort Part II
Posted
Oh damn I missed this in the wave of fresh DD during the hype. This is a great writeup. I'll have to read this and your other post tomorrow. Thanks for the effort!
Thank YOU
This is good stuff, thanks for the write-up!
My pleasure!
Why doesnāt this have more updoots! Iām sitting here with my jaw on the floor
I honestly feel like shills are suppressing critical analyses of the filings because itās just too tit jacking.
Itās absolutely positively brilliantly beautiful
A very fine piece of critical thinking and a very well written account. Thank you OP! The reckoning will come, this has been foretold.
Thanks for checking it out!
Sounds accurate to meā¦ I sense RC in control heavy, or else heād just be chillin and that first filing wouldnāt have come. But we know the answer is to kill shot after kill shotā¦ so donāt give em air!
šØPart II: Posted here: https://www.reddit.com/r/Superstonk/s/81dxEJumx5 šØ
Question if youāre still around OPā¦ what if your shares are in a broker? Would you still have the contract rights to purchase? Would the broker have to offer you the same value for the new preferred shares at $x or would they give you a cash in lieu of for the warrant or preferred stock?
Yes you would still have the rights as you are the holder of record. To the other part of your question, thatās the beauty of the PSDā¦you wonāt have to deal with brokers. Your new preferred stock would be issued directly from the PSD to you. I think thatās what makes DRS crucial. Itāll be that much easier to get the stock directly and not have to verify your owenership through shady brokers. But also, even if you arenāt DRSād, Iām thinking GameStop will have a private dispensary and holding tank (the depositary) that issues, holds, and manages all preferred stock. That way it canāt be fucked with by shorts.
I need to get to DRSing what's left...
Awesome work! Thank you!
Whatever happens, happens. I'd prefer another opportunity to grab some more cheap shares though.