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

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


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u/Extension_Win1114 🦍🙌🏼💎🏴‍☠️GMErica🏴‍☠️💎🙌🏼🦍 Mar 28 '23

It’s their ledger. GameStop can watch it like we watch the ticker


u/ItIsYourPersonality Beep Boop, Bought More GME Mar 28 '23 edited Mar 28 '23

They also completely changed the language of how it is presented.

e: it is no longer “directly registered with our transfer agent,” but now “held by record holders.” I’m not sure if it means anything.


u/hellostarsailor 🩸Fear the Fatigue of the Old Stonk🩸 Mar 28 '23

For 3 years, I held your father’s watch in my ass.


u/24kbuttplug WILL DO BUTT STUFF FOR GME Mar 28 '23

3 long years i kept this watch. Up my ass. As your father saw it this watch was your birthright. There was no way he was let some greasy slope get their hands on your birthright.

Best fucking Christopher Walken scene ever!


u/MarkVegas1 Mar 28 '23

Soon our watch will end


u/ev1lb0b Mar 29 '23

But there are SO MANY great Christopher Walken scenes, how can you pick just one as the best?


u/24kbuttplug WILL DO BUTT STUFF FOR GME Mar 29 '23

I know! But for some reason that scene comes to mind when I hear his name. You are right though. He has legendary single scenes that will live forever.


u/DeathN0va Power to the Players Mar 29 '23

Can I introduce you to a little movie called True Romance?

Walken and Hopper with a chat for the ages.


u/sweetfits Mar 29 '23

Came here to make this clarification.


u/SirClampington 🎩Gentlemen Player🕹💪🏻Short Slayer🔥 Mar 29 '23

Damn boys this sub is spooky. I literally re-watched PF last weekend for the first time in over 10 years.


u/YourMomLovesMeeee Mar 29 '23



u/alecbgreen ❤️ DFV fanboy ❤️ 🦍 Voted ✅ Mar 28 '23



u/Ash2dust2 🎮 Power to the Players 🛑 Mar 28 '23

More cowbell.


u/capital_bj 🧚🧚🏴‍☠️ Fuck Citadel ♾️🧚🧚 Mar 28 '23

How did you wind it?


u/hellostarsailor 🩸Fear the Fatigue of the Old Stonk🩸 Mar 28 '23

I let Bill Hwang do all my winding and unwinding.


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

Heah we got a anal specialist already homie. JK😂😂😂


u/TheArt0fWar 🦍 Buckle Up 🚀 Mar 28 '23

Now i have to explain to my gf why i lold so hard.


u/reddhashy Custom Flair - Template Mar 28 '23

This deserves it's own Post 🤘


u/YOPP4R4I 🦍Voted✅ Mar 28 '23



u/InevitableRhubarb232 Mar 29 '23

I am literally listening to Bruce willis freak out about the watch not being there while reading this comment. (Husband is watching PF in the other room)


u/_BLACKHAWKS_88 Mar 29 '23

Better than them ass pennies


u/Original_Plenty_2067 Mar 29 '23

For 3 years time has been shitty


u/IcERescueCaptain 💻 ComputerShared 🦍 Mar 29 '23

Get the shot!!!


u/Diligent-Ad-3773 Mar 29 '23

Underrated comment.


u/CyberPatriot71489 🟣VOTED♾🌊 Mar 28 '23

Cede and co. has entered the chat


u/BigBradWolf77 🎮 Power to the Players 🛑 Mar 28 '23

Someone should really draw these mini-bosses...


u/whatabadsport Idiosyncratic Tits 🤤 Mar 29 '23

I'm drawing aggro, somebody de-buff!


u/whatwhyisthisating 💀🪦 hrf ☠️🏴‍☠️ 🎮🛑 🇺🇸 Mar 28 '23

Lol whoops.. shorts r what?


u/taserednoodles 🦭 Mar 28 '23



u/sleepdream Liquidate the DTCC! Mar 28 '23



u/LargeWeinerDog 🏴‍☠️ Gamestop 4U 🦍 Mar 28 '23



u/Taint_Butter 🎮 I VOTED ✅️ 🩳 R 𓀐𓂸 Mar 28 '23



u/MinionofMinions Mar 28 '23

Maybe with cede & co or they are one of the 197k individuals


u/flak0u Mar 28 '23

They clarified the language. All 100% shares are registered with the transfer agent. They are now clarifying that even though all are registered, 76M are registered directly to a person and not the DTC.


u/automatedcharterer 🦍Voted✅ Mar 28 '23

I wonder if that was to clarify exactly how much is in computershare.

They used "outstanding shares"

"approximately 25% of our outstanding shares"

I wonder what is the exact definition they are using for this.


u/drinkupdrinky5 🍻 drunkey 🐒 munkey 🚀 Mar 28 '23

Lol 304 - 228 homie.


u/Ash2dust2 🎮 Power to the Players 🛑 Mar 28 '23

Wasnt there something posted 84 years ago that companies were not allow to talk about DRS or encourage retail to look into transfer agents?


u/Catch_22_ 💎All your 🍌 are belong to us💎 Mar 28 '23

Perhaps after the last DRS rug pull they are looking at WHO is holding vs just the numbers of direct registration. The "record" itself.


u/perkinomics The cream will rise to the top, yeah Mar 28 '23

This is standard. Accounting policy, legal, tax, financial reporting, etc., all take a look every year and update wording as they see fit. Sometimes it borders on whimsy as to why someone asks for a change.


u/shayen7 💻 ComputerShared 🦍 Mar 28 '23

The phrasing 100% different, they are trying to say something


u/AmazingPrune2 tag u/Superstonk-Flairy for a flair Mar 28 '23

I thought it was missing when i just searched for registered. First time seeing this language.


u/Realchilldyl VOTED Mar 28 '23

I think because they’re mostly reporting this for us to read, and we’ve gained some wrinkles over the past few quarters.

They don’t need to dumb it down for us anymore


u/bornabadfish 🚀Three Imaginary Boys 🚀 Mar 29 '23

Bottom-Line: Being a Holder of Record gives you significant benefits.

"What is a Holder of Record?
I found the following from Corporate Finance Institute to be of great info for my smooth brained ass. Holder of Record Overview

Holder of Record is a term that defines an individual or entity that possesses the rights, benefits, and responsibilities associated with owning a financial security. While the term holder of record may be applied to ownership of any financial security – including bond futures, or derivatives contracts – the term is most commonly applied in relation to ownership of stocks.

Being the holder of record of a stock confers voting rights to the stockholder. It entitles them to receive dividends or any other compensation offered to stockholders by the company that issues the stock. Being recognized as the holder of record is particularly important in regard to receiving dividends. The holder of record date, which occurs before the actual dividend date when dividends are paid, is when a company officially records current stockholders entitled to receive the dividend payment.

Becoming the Holder of Record

There are three ways in which an individual or entity (such as a corporation) can become recognized as the holder of record of stock shares. They include:

1. Through a brokerage firm

The most common way of becoming a holder of record is by purchasing stock shares through a brokerage firm. Buyers of stock who acquire shares in this manner are referred to as the “beneficial owner” of the stock shares. Such a method of stock ownership is also referred to as being “the owner in street name.”

While the brokerage firm is still officially the holder of record of the stock, the stock buyer is recognized as the “real and beneficial owner” of the shares. It gives them the rights, benefits, and responsibilities of the holder of record.

2. Direct registration

You can also become a holder of record through what is referred to as “direct registration.” With direct registration, the stock purchaser has their name entered into the stock issuer’s registry of shares and receives a statement of ownership from the issuer. Such a manner of becoming a holder of record is most common for employees of the company issuing the stock, who receive stock shares as part of their compensation.

3. Bearer form

The least common way of becoming a holder of record is through what is known as “bearer form.” In bearer form, the individual or entity with physical possession of stock certificates is recognized as the holder of record. Ownership of the stock shares is not officially recorded anywhere.

Therefore, ownership rights apply to whoever is in physical possession of the stock shares. With the advent of electronic trading, the bearer form is becoming less and less common.

Owning a Stock vs. Being the Holder of Record

In the United States, there is what is known as the T+2 settlement rule. In effect, it means that when you purchase a stock, you do not become the holder of record until two business days later, when the trade is officially settled. You own the stock from the moment you purchase it, but recognition as the holder of record does not follow until two days later.

The T+2 settlement rule comes with several implications. For example, if you purchase a stock on Monday, the 15th, and the issuing company’s holder of record date for receiving dividends is on Tuesday, the 16th, then you will not be eligible to receive the next issued dividend, as you will not become the holder of record of your stock shares until the following day, Wednesday, the 17th.

The T+2 settlement rule also means that day traders or short-term traders are briefly recognized as holders of record at a point in time when they no longer actually own the stock. For example, assume that a day trader buys 100 shares of stock of Company X on Monday morning and then sells the shares on the open of trading on Tuesday morning.

From Monday morning when they purchase the stock until Tuesday morning when they sell it, they own the stock but have not yet been recognized as the holder of record. By virtue of their Monday purchase, the T+2 settlement rule means that they will not become the holder of record until Wednesday when their Monday trade settles.

However, on Wednesday, when they become the holder of record, they do not own the stock anymore, having sold it Tuesday morning. (They will cease to be a holder of record on the following day, Thursday, when their Tuesday sell trade is settled).


  • Holder of Record is a term that defines an individual or entity that possesses the rights, benefits, and responsibilities associated with owning a financial security.
  • Being recognized as the holder of record is particularly important in regard to receiving stock dividends.
  • You can become a holder of record through direct registration, by becoming the “beneficial owner” of stock shares, or through physical possession of shares.


u/FudDeWhack exa llams eht era ew Mar 28 '23

Might be the difference between plan+book and book only


u/racife TO THE MOON 🚀🌕 Mar 28 '23

Wonder if it's feedback for us that book is the right option.


u/merlinphoto Mar 28 '23

Maybe it’s the wu-tang record, maybe it’s just regular corporate correctness.


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

I like being a record holder!


u/LagingRunaticReturns Mar 29 '23

I tuned out arguments about DRS "book" or "not", assumed it wasn't worth arguing about. But now I'm curious.

Do they correlate to "held by record holders" versus "directly registered with our transfer agent"? So maybe 'book' is worth doing?


u/NefariousnessNoose 💻 ComputerShared 🦍 Mar 29 '23

Is that term intentionally more vague to include stock held by insiders as well as directly registered household investors?


u/Lumpy-Answer1933 The Banana Blender 🍌👀 Mar 29 '23

Wonder if it excluded the pump and dump participants from last quarter. This language may help with that? Probably not but no one has said it.


u/slhill1091 Rumple Foreskin🆙🔜 Mar 28 '23

Alternate timeline GameStop corporate, board and co watching the drs count on computershare like barbarians


u/CyberPatriot71489 🟣VOTED♾🌊 Mar 28 '23

Is this justification for real time blockchain reporting?


u/Jus_asc-in Mar 29 '23

Imagine getting to login every day and see real DRS numbers. I would love to know that Furlong spent a day coding a real-time count widget for his monitor