1/5/2024 Estimated DRS count: 75,793,468 ((using today’s DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

Holding Number of shares As of
ETFs 29,950,420 12/9/2023
MFs, Index Funds, Pension Funds, etc 35,549,240 12/9/2023
Other Institutional Ownership 30,102,685 12/9/2023
Insiders Stagnant 14,339,510 12/9/2023
Insiders 38,655,910 12/9/2023
DRS’d - 200k Computershare accounts 75,793,468 1/5/2024
Non-DRS - 200k acct 25% stuck in IRA 18,948,367 1/5/2024
Other 62,174,715 1/5/2024
  • Total Outstanding on 11/30/2023: 305,514,315
  • Thank you to lawsondt for the Bloomberg data to 12/9/2023
  • “Non-DRS - 200k acct 25% stuck in IRA” is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
  • “Fix inadvertent DRSbot offline or resets” is primarily whale #1’s 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the “fix inadvertent” column to capture her DRS shares.
  • Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

Discussion points:

  • It seems odd on some of the DRS count fluctuations since the beginning.
  • There have been 2 “somewhat hidden” 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
  • It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:
Buy X number of shares a month Multiply by 3 months per quarter Total DRS per quarter if 100,000 active accounts Total DRS per quarter if 200,000 active accounts
1 3 300,000 600,000
2 6 600,000 1,200,000
3 9 900,000 1,800,000
4 12 1,200,000 2,400,000
5 15 1,500,000 3,000,000
  • The April 2023 list of stockholders DRS numbers seem correct and line up with SEC filings.
  • Possible some investors have had to un-DRS.
  • Possible economic slowdown and inflation have reduced investor purchasing power.
  • Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
  • Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
  • Tinfoil - possible something funny with SEC filing reported number.
  • There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:

If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:

  • 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
  • The 6 recurring buys alone should add 514,284 DRS shares.

Other 54 trading days:

  • $200,000 / $14 a share = 14,285 shares a day
  • 54 * 14,285 = 771,390 shares

Total:

514,284 + 771,390 = +1,285,674 DRS shares a quarter

  • Mojojojo1993@lemmy.worldEnglish
    2·
    1 year ago

    Had not even contemplated this.

    Rather that use Drs not or whatever.

    If “we” the collective are pretty adamant that it’s possible to spot the Computershare buy. Then with that volume/ shares can’t the numbers be crunched from that instead.

    If biweekly or whenever it goes. Round up for the month then we can see that the Drs numbers are going up. It has stagnated but it’s still going up.

    If some savant can get Computershare to collaborate it. Then we have substantial proof that GameStop is lying to investors.

    Would require an investigation. They are not giving the investor’s the correct DRS shares. There’s a reason for it. Something to do with the dtcc.

    Get it out in the mainstream in the public. Why would dtcc blatantly give the wrong numbers for Drs.

    Edit

    Is it possible to go back into the logs. Not sure if software or Bloomberg terminal. Can someone go into the data and pick up the recurring buy from computershare going back to 2019. Then follow it through. Would give a pretty good understanding of what was in Computershare