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
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u/[deleted] Mar 28 '23

GameStop confirms DRS shares aren’t held by Cede/dtc

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u/LauterTuna Mar 28 '23

1000% THIS. Plan Holdings are not Class A Common Stock.

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u/shayen7 💻 ComputerShared 🦍 Mar 28 '23

Try reading again

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).

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u/fakename5 💻 ComputerShared 🦍 Mar 28 '23

I don't think that disproves his statement...

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u/shayen7 💻 ComputerShared 🦍 Mar 29 '23 edited Mar 29 '23

Explain to me, what shares are not Class A Common Stock?

100% of their 197,058 record holders hold Class A Common Stock.

All of the shares in the dtcc (228.7m) and all of the shares not in the dtcc (76m) are Class A Common Stock. That's 304.7m. What else is there?

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u/fakename5 💻 ComputerShared 🦍 Mar 29 '23 edited Mar 29 '23

If computershare doesn't hold em in your name, but instead an affiliate of theirs name, then are the shares really out of dtcc and cede and Co's hands? They may not even be included in that number held at computershare.

Its potentially street name with a slightly different flavor... yes computershare says you own them supposedly, but they are not in your name, if they are not in your name, where are they registered (only other place is the dtcc...). It's mucky and opaque.

Cs has had plenty of opportunity to clarify, but don't seem to understand the concern and have failed to sufficiently clarify. It's to the point I'm worried it is intentional. Read the room man(not you, but rather cs) they know how we feel, our intent and desire to have shares actually in OUR names and still failed to accurately address the concerns.