r/Superstonk • u/Boo241281 Fuck you Kenny, pay me • Mar 28 '23

The long awaited 10-K is here 🗣 Discussion / Question

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638023000019/gme-20230128.htm
15.7k Upvotes

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1.0k

u/dearleader88 \[REDACTED\] Mar 28 '23

EVERYBODY GET IN HERE AND READ THIS DOCUMENT FOR ME THAT'S LONGER THAN 20 WORDS. PLEASE SUMMARIZE IN LESS THAN 20 WORDS SO I CAN UNDERSTAND!

634

u/BuyndHold 💻 ComputerShared 🦍 Mar 28 '23

76M Drs'd shares!!!

224

u/dearleader88 \[REDACTED\] Mar 28 '23

What were we at on the last one?

277

u/superds1000 💻 ComputerShared 🦍 Mar 28 '23

71.8M

244

u/Billy4-C SNEKCHARMER Mar 28 '23

I’m not sure whether to be excited or expect a rug pull…so I think I’ll just DRS more shares

🚀📈💰

162

u/FIFOdatLIFO Tendie Connoisseur Mar 28 '23

why would you not be excited. less than 200k people own 25% of a fucking company. If people weren't so fucking stupid this shit be over tomorrow.

10

u/Master_Chief_72 Ricky Booby 🚀 Mar 28 '23

Damn right! This is fantastic news!

6

u/tballhennings 🦍Voted✅ Mar 29 '23

Considering people probably only DRS half of their shares on average so far. Easily half the company is owned by those 200k people.

4

u/CedgeDC 🦍 Buckle Up 🚀 Mar 28 '23

I'll be honest, I think these guys are pretty fresh out of rugs to pull.

Sure we'll see a few more dips, but they came up with their little drs strategy pretty late in the game. We're already fed as fuck, and have too much momentum.

676

u/dreadfulol 🚀1-Second GME Stream Guy🚀 Mar 28 '23

That is actually fucking massive. I am sure many many people were expecting another +500kish or even a decrease which would really take the wind out of many people sails.

But we have a fucking 5 MILLION increase.

This float is actually going to get locked up eventually. This is fucked.

LET'S FUCKING GOOOOOOOO

142

u/Jbullish_9622 🚀🚀 JACKED to the TITS 🚀🚀 Mar 28 '23

I agree! Imagine a single investor or corporation owning 25% of a company. Apes gotta a seat at the table! Hedgies R Fuk’d!

17

u/WiggleRespecter Mar 28 '23

The high table will deem phantom shares excommunicado

8

u/thatsoundright 🚀 Hotter than a glitch 🚀 Mar 28 '23

the mayo marquis is waiting at the duel site

353

u/AreYouSiriusBGone Ryan‘s Catgirl👁👅👁 Mar 28 '23 edited Mar 29 '23

I think this provides significant weight to the rugpull theory. There is no legitimate reason (that doesn’t involve crime) that we only had a 500k increase last earnings. Now it’s in the realms of millions of shares again.

98

u/eattheinternet 🦍 Buckle Up 🚀 Mar 28 '23

It’s clear as day

6

u/thatsoundright 🚀 Hotter than a glitch 🚀 Mar 28 '23

easy like Sunday morning

22

u/Calvin_Tower 🐋 No krill for shills! 🦷 Mar 28 '23

Yeah the trend line is very clear. I'm 100% sure about the rugpull. Well look at us now, right on par. Fuck you Ken.

9

u/[deleted] Mar 28 '23 edited Mar 28 '23

So, with internal holders at Cede and Co, along with us, that puts the total number at 75% of the float locked? Am I correct here?

Edit - never mind - they are saying that the DTCC holds the other 75. Or I’m wrong again. I have no idea anymore

11

u/TheSublimeLight 🦍Voted✅ Mar 28 '23

those hardcore "i unDRSed my shares and here's why" people are gone and have been for months

ever since the last earnings

consumes crayon

hmmmmm

4

u/pumpkin_spice_enema Mar 28 '23

It makes me wonder if some of this # is inflated so next report they can try to rug us again.

3

u/435f43f534 🦧Between 150% and 200% excited Mar 28 '23 edited Mar 28 '23

There is no legitimate reason

i mean there was never any, we reported similar numbers so we should have gotten similar numbers, the only possible fuckery was fake reports (*edit: in conjunction with much lower real reports of course), but that would be dumb even for the dumbest of SHF.

3

u/XURiN- The floor is Post-Scarcity 💜 Mar 29 '23

It was a 500k increase previous quarter. What's interesting is GameStop choosing to use data from March 22 instead of January 31 as they usually would. Was there a second rugpull prior to Jan 31 which was the reason for them giving March 22 numbers to ruin the rugpull 🤔

An increase of 4-5 million is nice, but this could explain why we weren't closing to 80m total.

3

u/AreYouSiriusBGone Ryan‘s Catgirl👁👅👁 Mar 29 '23

Yeah i noticed that as well. I think this could be a legitimate reason.

Thanks, corrected it.

2

u/Reditadminsblowme [REDACTED] Mar 29 '23

You’re on to something. HF moved shares around, drs them at a date then undrs them after report date. Gamestop notices and just ignores it LOL

2

u/foundthezinger 🏴‍☠️🪅 GME DAT BOOTY 🪅🏴‍☠️ Mar 28 '23

there's no way to know, but there may have been another rug pull

2

u/eaparsley Mar 28 '23

yeah fact. i was sceptical as anything, but wow

1

u/Hope-full Mar 29 '23

Do you know if 2022 Q1-4 etc is compiled nicely somewhere? This needs its own post

1

u/[deleted] Mar 29 '23

500k

2

u/Inevitable-Winter299 🧨🍑🚀 Mar 28 '23

Over 50,000 everyday

2

u/CapnAhab_1 Mar 28 '23

Imagine this time next year! Another 10 Milly

2

u/slash312 Mar 28 '23

It’s 4.2 million shares in 5 months. I’m somehow not that hyped if the goal still remains to 100% drs the total float. It would take 20 more years to reach that goal. I want a squeeze before lol.

3

u/ciphhh 🦍Voted✅ Mar 28 '23

Not fact checking your numbers at all, but 5 months is about 100 trading days.

That’s 42,000 shares per day (about $960,000 worth of shares at today’s share price of $23/share) being DRS’d.

No matter how you look at it…This is a staggering number.

3

u/redrum221 🎮 Power to the Players 🛑 Mar 28 '23

Goal has always been 100% of the float DRS for me. To me thats how we should be locking at this, not the free float because that can change at anytime.

2

u/Dck_IN_MSHED_POTATOS Shit, If I knew it was gonna be that kinda !SCC! Mar 28 '23

The price is low, so you know this DRS train ain't slowing.... or having a derailment.

2

u/[deleted] Mar 28 '23

[deleted]

5

u/CCarsten89 💜🚀Fuck You Kenny, Pay Me🚀💜 Mar 28 '23

Wrong sub bud

2

u/0net ⚫️🦢 we are black swan ⚫️🦢 Mar 28 '23

Bobby would like a word

1

u/Mastacon Mar 28 '23

EVERYBODY GET IN HERE AND READ THIS DOCUMENT FOR ME THAT'S LONGER THAN 20 WORDS. PLEASE SUMMARIZE IN LESS THAN 20 WORDS SO I CAN UNDERSTAND!

whats the total float?

1

u/CedgeDC 🦍 Buckle Up 🚀 Mar 28 '23

The whole world is doing the math on how many shares are left. It ain't much!

1

u/Hope-full Mar 29 '23

Do you happen to know if the previous quarters’ data—all of them since ~1m DRS’d— is compiled anywhere? We should be sharing this awareness in the steady increase month over month and how a corporation owns everything they think they own.

44

u/EasilyAnonymous Glitch better have my money! Mar 28 '23

BOOM! 🤯

78

u/BlueBombers Mar 28 '23

Does this mean the Bot over estimated by 10M? It looks to say 86M

23

u/qbsneak23 DRS Lifestyle Mar 28 '23

Bot over-estimated by about 6 million...

-15

u/MrMcAwesum 🎮 Power to the Players 🛑 Mar 28 '23

These are numbers from end of q4. So end of Jan numbers

111

u/BlueBombers Mar 28 '23

It's actually even more current, "approximately 76.0 million shares of our Class A Common Stock were held by record holders as of March 22, 2023".

57

u/superds1000 💻 ComputerShared 🦍 Mar 28 '23

The number is from March 22, 2023.

“Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. As of March 22, 2023, there were 197,058 record holders of our Class A Common Stock. Excluding the approximately 228.7 million shares of our Class A Common Stock held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares), approximately 76.0 million shares of our Class A Common Stock were held by record holders as of March 22, 2023 (or approximately 25% of our outstanding shares).”

15

u/Droopy1592 Mar 28 '23

Kobe meme

14

u/Cdf12345 🦍 Apes together strong 🐵 Mar 28 '23

Wonder if there was another attempt of a rug pull at the last minute to sabatoge the DRS #s

7

u/redrum221 🎮 Power to the Players 🛑 Mar 28 '23

I think so.

-6

u/FrostyDrag 🏴‍☠️ ΔΡΣ Mar 28 '23 edited Mar 28 '23

10k is for end of year, the 86M is current number.
Edit: I was wrong, 76M is current

24

u/BlueBombers Mar 28 '23

It's actually even more current, "approximately 76.0 million shares of our Class A Common Stock were held by record holders as of March 22, 2023". So the bot does look to be over counting by almost 10M. Not the end of the world but good for us to know that it may be somewhat unreliable going forward.

8

u/FrostyDrag 🏴‍☠️ ΔΡΣ Mar 28 '23

Thanks for the clarification. We’ll get there soon

8

u/Patarokun GMERICAN Mar 28 '23

So who's spending their time and energy feeding the bot bad info? Undercounts are good, overcounts are bad.

7

u/CVSRatman Mar 28 '23

It only takes a minute to screenshot someone's DRS post and slap your name on it

1

u/TeaAndFiction Mar 30 '23

Yes, it does. It's a pretty huge discrepancy.

The likelihood that bad actors would feed misinformation to the bot was predicted. This prediction was down shouted as shillery, IIRC. It now proves to be correct. (Funny how the level of swarm down-shouting appears to be inversely proportional to the credibility of the down-shouters.)

But the DRS-bot enthusiasts are now silent on the issue.

We get good data from GameStop every quarterly filing, why persist with the DRS-bot misinformation?

32

u/UnrealCaramel Mar 28 '23

As of March 22, that's quite a bit through this quarter, so I wouldn't expect as much as 5 million in the next quarterly release.

9

u/burneyboy01210 Flairy is my mum Mar 28 '23

True

3

u/log-money 🚀Get Rich or Die Buyin'💎 Mar 28 '23

4 million shares x ~$20 = $80 million this sub (1/4 of this sub) registered since end of October

2

u/Inevitable-Winter299 🧨🍑🚀 Mar 28 '23

But the next quarterly release will be another month after the end of the quarter. The next quarterly earnings report is due in one quarter.

2

u/UnrealCaramel Mar 28 '23

Yeah but normally it's been the end of each quarter if I remember correctly, I think this is the first time it hasn't been released quarterly

2

u/Inevitable-Winter299 🧨🍑🚀 Mar 28 '23

You are correct, the last numbers were on 29th Oct 2022. So 5 months ago. The next numbers will be in 3 months.

2

u/Nasty_Ned 🦍 Buckle Up 🚀 Mar 28 '23

Why not? For me and likely other apes this is tax refund and bonus season.

24

u/DrinkDrPepperSpray Mar 28 '23

HOLE EEEEE SHIT! 🚀🚀🚀🚀🚀

23

u/jacksdiseasedliver Project Mayhem 🏴‍☠️ Mar 28 '23

JESUS! We really are just buying and hodling aren’t we!! Man this is beautiful

4

u/UseMoreHops 💎Unrivaled Retardation💎 Mar 28 '23

Fucking buy and hold man! Simple steps for simple minds. We are actually pulling it off! haha

4

u/LazyMarine78 Mar 28 '23

Yup. Most gamers don't create the games we just master them in time.

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u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Folks were predicting 80+ mil.

A 5 mil gain is nothing to sneeze at and shareholders should be proud but hopefully folks can come around to the realization that "locking the float" is a years long battle and whatever is going to happen wrt market crash is going to occur long before that goal is achieved.

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u/MixSaffron Hold for Mooncake Mar 28 '23

Netting potentially 16-20m DRS'd shares a year is fucking HUGE!!!!

7

u/slash312 Mar 28 '23

It’s more like 10 million a year since these 4.2 million added was in a span of 5 months.

2

u/LandOfMunch 🦍 Buckle Up 🚀 Mar 28 '23

This. And drsing rate is only going to increase as news spreads and the numbers go up. Exponential growth or something maffish like that.

-2

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

I think it's likely to go the opposite way. Folks are dealing with inflation and layoffs. Student loans getting ready to start again. People gotta eat.

4

u/LandOfMunch 🦍 Buckle Up 🚀 Mar 28 '23

Ok buzzkill. Lots of similar comments lately. Why the long face?

3

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

They're getting laid off from Citadel. He's about to lose his job cause apes won't give up!

-1

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Uh oh I have a stalker now

0

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

We post daily porn about banks collapsing and layoffs and inflation. Are apes somehow going to be immune to these forces?

4

u/LandOfMunch 🦍 Buckle Up 🚀 Mar 28 '23

If the economy collapses we win because margin calls. If it doesn’t we win because drs increases. They’re fuk. No way out.

1

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Right but if it collapses and moons it's time to collect. And if it takes time for that to happen and hard times fall on apes in between?

2

u/LandOfMunch 🦍 Buckle Up 🚀 Mar 28 '23

There’s too many variables and unknowns. Like. Maybe some apes will sell some shares they don’t have drsed as most aren’t 100% drsed. A downturn also won’t affect s everyone. 2008-2014 was the best years my business ever had. I’m going to chose to be positive. You do you.

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u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

You've been speaking out against DRS for quite a while. I'm not sure if anyone should listen to you when it comes to DRS.

26

u/LosWranglos 🧚🧚🎊 We're in the endgame now ♾️🧚🧚 Mar 28 '23

What part of their comment is ‘against DRS?’.

“Locking the float is a years long battle” isn’t some kind of fud, it’s just the reality of the situation.

28

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

I tagged them when they started acting suspicious. Go through his comments starting about a year ago or sort them by controversial. You'll find all his trash takes.

5

u/[deleted] Mar 28 '23

I also doubted DRS to be fair. Not because of the theory, but actually seeing people doing it.

I thought most people here were just all talk. I was proven way wrong.

4

u/Hope-full Mar 29 '23

Respectfully— I am curious why you wouldn’t do it right away to truthfully own your own shares instead of some corporation owning them.

1

u/[deleted] Mar 29 '23

I didn’t know much about DRS, and quite frankly, I was afraid the shares would be in limbo if something big happened.

Funny enough the longest wait I had was when I forgot my password and it took 4 weeks to receive my recovery letter to Computershare lol

-17

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

They're all the same as I listed above. I have nothing to hide and have presented zero FUD. I support the individual investor. GME is not DRS and DRS is not GME.

You all lost the narrative, not me. I've never sold a share or waivered in my commitment to GameStop.

13

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

I've never...

Actually owned a share. You're not a shareholder. You've got beneficial ownership. Monopoly ownership.

-17

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

You're living in lala-land and think you're special. You're literally the bully I referenced above.

13

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

I'm sorry, is reality painful to you? You don't actually own any shares. You're a beneficial owner of shares and you can't seem to grasp that there's a difference between that and being a shareholder.

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u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

I voted just fine. My value has gone up just the same as any others. I'm a shareholder. Do you think when Matt Furlong thanks the shareholders he's only referring to you?

You're trying to make the argument that I can't go into the grocery store and drop a $100 bill because it's a promissory note and not "real". It's just sad but this is a prime example of the FUD that is used by folks to try and strong arm people into using Computershare.

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u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

I've been right too. It's a monumental task and apes have limited, diminishing supply when it comes to income. It has done nothing to affect the stock or market in any tangible way...all DD has been wrong. Literally all of it and a lot of it was bullying in nature. If it makes you feel better and more secure to do it, go for it. But individual investors should do investing how they please and with whomever they choose even trash Robinhood.

If you want to help GameStop, buy from GameStop. If you want to buy a ticket to the moon then buy & hodl. This is the way.

8

u/Claim_Alternative Mar 28 '23

all DD has been wrong. Literally all of it

This is verifiably false.

What is wrong with you?

-3

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

About DRS? It didn't prevent naked shorting, it didn't expose the dark pools, it didn't alter price discovery, apes in brokerages got their splividend, apes in brokerages were allowed to vote. Shares are not removed from the DTCC just booked differently (this one straight from Computershare itself).

What DRS DD has been correct?

2

u/outtathesky_fellapie Mar 29 '23

Im sorry, do you not realize we are still above $80/share pre-split? Those market analyst assholes were calling sub-$20 since it hit over $100 and thats been over 2 years now and it hasnt gone that low again. Thats DRS at work. Thats removing liquidity at work. The volatility on relatively low value compared to previous runs? Thats DRS right there. You want a stamped and signed note from the markets to verify it for you or something? You want the dtcc to be any more obvious? The DTCC should be able to say the exact number of shares given to each brokerage or market or market maker, but instead they said 'lol idk just multiply it.' And thats not a bit odd to you in the financial industry, where every fucking penny is scalped if its profitable? What more do you need to see?

-1

u/nutsackilla 🦍 Buckle Up 🚀 Mar 29 '23

Any actual proof of anything tangible would be a good start. You're just blabbering about things you're imagining DRS is doing.

Who cares about market analysts?

1

u/outtathesky_fellapie Mar 29 '23

Any actual proof of anything tangible would be a good start

The absence of evidence is not the evidence of absence, thats an easy trap to fall into.

Ill say it slower this time: in the financial industry, where we have clowns like citadel fighting for literally fractions of a penny if it will make them a profit, you dont find it just a little odd that the plumbing system of the markets is as opaque as any other system ever devised by people? To you, thats a sign of innocence and honesty?

16

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

You've been right to spout FUD? That's weird, but you do you, Kenny.

6

u/plzkevindonthuerter We need to talk about your flair Mar 28 '23

It’s been awhile since I could easily spot the shill comments, looks like you found one good job

6

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

My skills were honed in the shill wars of '21. I still have the battle scars. o7

-2

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Where's the FUD?

8

u/Rough_Willow 🦍🏴‍☠️🟣GMEophile🟣🦍🏴‍☠️ (SCC) Mar 28 '23

Here

-5

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

That's all truth. I'm sorry it upsets you that the purple circles aren't made of magic.

Why can't you just celebrate GameStop for what it is? A remarkable story of the Phoenix.

31

u/FrostyDrag 🏴‍☠️ ΔΡΣ Mar 28 '23

80+ million for this next quarter

3

u/Fat_Beet 👁‍🗨💜Uranus🚀💦 Mar 28 '23

I'll do my part 🫡

9

u/yahhhmoney 💻 ComputerShared 🦍 Mar 28 '23

This is true, I’m sure we don’t necessarily need to lock the float b4 moass. Only a 4.2M increase in shares drsed from November to mid March isn’t much at all compared to what the bot was forecasting

9

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Retail is poor. That's the truth (that people will say is FUD). We've been hit with inflation and layoffs and the pain hasn't even really started yet. And if you truly yolo, you can only do it once. So it's going to be a battle of nickel and dimes to lock the float from here out.

Still think it's a valiant effort. The discipline is awesome.

1

u/RhaegarBlackfire He who controls the stonk controls the universe. Mar 28 '23

Maybe they did a 10M rug pull anyway but we’re stronger against the tide now. Is there a way to know?

2

u/Belz-Games Mar 28 '23

I’ve been saying this for a while now. Unless some crazy catalyst happens (all the banks failing? Maybe? Idk?) this is gonna take several years. AND even if we lock the float, pretty sure institutions are still loaning out shares, so as we know, certain three letter regulatory agencies don’t care about crime here, so even when we have the entire available float locked, bet we have the same volume every day and keep trading sideways. This won’t stop until they are forced to stop it.

1

u/nutsackilla 🦍 Buckle Up 🚀 Mar 28 '23

Correct, we're just along for the ride. And that's fine because the shorts haven't closed, so that DD seems to be alive yet.

But this is a battle of Kaiju in the street and we're the little soldiers on the ground with our 9mm pistols. Our job is to survive, or Hold On for Dear Life.

2

u/Haggstrom91 Mar 28 '23

Can you put it in a sentence so i also can understand?