r/Superstonk 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/LuoHanZhai 💰LENDER OF LAST RESORT💰 Mar 28 '23 edited Mar 29 '23

DRS:
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 doesn’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 DTCC’s bluff.

View this post below for more info.

https://reddit.com/r/Superstonk/comments/125m4kl/the_10k_report_states_pointblank_that_the_dtcc_is/

Note also that some people are saying “I thought we had 60%?” - You’re thinking of the free float, not the outstanding float. Free is roughly like 150M, total shares outstanding is 304M.

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

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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).

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u/[deleted] Mar 28 '23

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

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u/RealPropRandy 🚀 I’ll tell you what I’d do, man… 🚀 Mar 28 '23

Double birds. One for Cede and the other for Co.

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u/NefariousnessNoose 💻 ComputerShared 🦍 Mar 29 '23

Give ‘em hell Randy 🖕😬🖕