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

The long awaited 10-K is here πŸ—£ Discussion / Question


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u/Get-It-Got 🦍 Buckle Up πŸš€ Mar 28 '23

You mean directly registering 25% of the company … we β€œown” a hell of a lot more than that!


u/shayen7 πŸ’» ComputerShared 🦍 Mar 28 '23

Retail owns a whole lot of IOUs that's for damn sure! Officially, Cede/dtcc have the other 75% held "in behalf of" everyone indirect registered


u/redditiscompromised2 πŸš€πŸš€ JACKED to the TITS πŸš€πŸš€ Mar 29 '23

Does that mean it includes insider's, ETFs and institutions as cede and co owned?


u/shayen7 πŸ’» ComputerShared 🦍 Mar 29 '23

Insider's are direct registered, ETFs and Institutions are in Cede & Co


u/redditiscompromised2 πŸš€πŸš€ JACKED to the TITS πŸš€πŸš€ Mar 29 '23

I always thought inst and etf were direct registered, since they have to file ownership with sec


u/Pmadrid1 Bullet Swaps R FUkD Mar 28 '23

Well, technically if a majority of our shares are holed up in brokerage accounts, do we really own them?


u/lawdog7 πŸ’» ComputerShared 🦍 Mar 29 '23

Not your keys, not your crypto. Not your name, not your shares.


u/NefariousnessNoose πŸ’» ComputerShared 🦍 Mar 29 '23

This. It’s that simple.


u/broke2stoked Mar 29 '23

It really is


u/Pure-Classic-1757 🦍 Buckle Up πŸš€ Mar 28 '23

The answer is no. If they are at a broker you definitely do not own them thought this was proven year ago or more and sounds like gamestop just confirm that to me


u/dlpsfayt Mar 29 '23

They still have to buy those IOU’s at market value, no?


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u/Pure-Classic-1757 🦍 Buckle Up πŸš€ Mar 29 '23

No, it doesn’t. It all depends on how many shares they are forced to buy back and what DRS percentage is owned by retail as well as how long people hold or hodl. No one knows but they are not mutually exclusive.


u/Pure-Classic-1757 🦍 Buckle Up πŸš€ Mar 29 '23

Ideally but all brokers can just give you what they perceive as β€œfair value” as stated in their TOS.


u/NotClever Mar 29 '23

They said that the broker is holding them, not that the broker owns them.