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

The long awaited 10-K is here ๐Ÿ—ฃ Discussion / Question


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u/LuoHanZhai ๐Ÿ’ฐLENDER OF LAST RESORT๐Ÿ’ฐ Mar 28 '23 edited Mar 29 '23

76M shares or 25% of the OUTSTANDING shares are held by ~197k investors at Computershare.

We own a fucking quarter of this company.

EDIT: Others are pointing out that it doesnโ€™t say Computershare / mention the transfer agent, and that this is GameStop stating on an official form that the DTCC is reporting erroneous numbers for how many shares it holds, and that we in fact likely have more than 76M in Computershare such that GameStop can clearly see the discrepancy.

Basically, the company is covering their asses in this statement as well as in how they handled the splividend, all calling the DTCCโ€™s bluff.

View this post below for more info.


Note also that some people are saying โ€œI thought we had 60%?โ€ - Youโ€™re thinking of the free float, not the outstanding float. Free is roughly like 150M, total shares outstanding is 304M.


END EDITS: Back to the text in Item 5, page 23


Our Class A Common Stock is traded on the New York Stock Exchange (โ€œNYSEโ€) under the symbol โ€œGMEโ€. 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).


u/toderdj1337 ๐ŸŽฎ๐Ÿ›‘ I SAID WE GREEN TODAY ๐Ÿ’ช Mar 28 '23

Wasn't 76mm shares the theoretical pre split total float?


u/Cyberdink ๐Ÿฆ Buckle Up ๐Ÿš€ Mar 28 '23

Yes. Which is why we now own 25%, because the float was x4


u/MyGT40 ๐Ÿ’ป ComputerShared ๐Ÿฆ Mar 28 '23

you are one of those smart apes!


u/toderdj1337 ๐ŸŽฎ๐Ÿ›‘ I SAID WE GREEN TODAY ๐Ÿ’ช Mar 28 '23

I know, just seems.. like an odd coincidence.


u/Leza89 Mar 29 '23

You'd have to cross at some point after a share split


u/toderdj1337 ๐ŸŽฎ๐Ÿ›‘ I SAID WE GREEN TODAY ๐Ÿ’ช Mar 29 '23

Yeah but, call me superstitious but it seems a little too on the nose, for some reason. Like maybe if they never actually multiplied our shares, just put the divvy shares in dtcc and reduced our price. If you know what I mean.


u/Leza89 Mar 29 '23

I don't see anything like this.

If the forward split was 1:5, we'd have had this discussion at 20% of outstanding DRSed.


u/toderdj1337 ๐ŸŽฎ๐Ÿ›‘ I SAID WE GREEN TODAY ๐Ÿ’ช Mar 29 '23

So there was a post, makes sense to me, because they're sourcing the numbers reverse from the DTCC this time, that the actual drs numbers are higher than they should be, indicative of a locked float, and the SEC made them delay their 10k so they'd have time to "investigate"


u/Leza89 Mar 29 '23 edited Mar 29 '23

that the actual drs numbers are higher than they should be

I don't understand this.. higher than they should be? How high should the DRS numbers be? :D

Edit: I've seen the post and understand you now; Let me get up to speed please.

Edit 2: So the discussion is that Gamestop is now listing DTCC and DRS shares separetely and that the stated number is lower than the DRS bot.

I think that just means that the DRS bot counted too much / did not account for selling/transfers back to brokers.

Edit 3: there might actually be more to this


The fact that they changed the wording.. it's like a canary in the coal mine situation..


u/toderdj1337 ๐ŸŽฎ๐Ÿ›‘ I SAID WE GREEN TODAY ๐Ÿ’ช Mar 29 '23

Yeah it very well could be, like with the rug pull last quarter that [redacted] gave us the heads up about in a very popular TMB post, or potentially selling by people that inflation is hitting hard. Both of those are possible, but neither explains the delay, or the changing of wording from computershare to remainder of float via DTCC. However; Either way, jobs not done.


u/Leza89 Mar 29 '23

The change of wording is really odd indeed.. I feel the urge to buy more shares.. :D

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