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7/21/2023 GameStop (GME) Estimated DRS count: 76,969,713 (or 75,699,147 when -1.2 million Mainstar shares)
(lemmy.whynotdrs.org)
7/21/2023 Estimated DRS count: 76,969,713 (using DRSbot total x 4.272)
7/21/2023 Minus 1.2m Mainstar: 75,699,147
The 4.272 multiplier comes from 6/1/2023 Form 10-Q divided by DRSbot 6/1/2023 total: 76,600,000 / 17,928,960 = 4.272
The company is doing fine IMO. They have money on book, and it seems obvious that they are working hard to improving long-term revenue. MOASS is not the goal of the company.
Also, I hate to say it but MOASS is probably not tomorrow. I do not know how long it will take. I do not know what the catalyst will be. I do not know if it will be a slow squeeze or a violent one.
I will continue to hold, because I believe in the company and because I believe shorts never closed. Each of this reasons separately is sufficient for me to continue to hold, and with both reasons combined, holding seems like a no-brainer to me. But everyone's situation is different, and if you can't wait any longer, then I guess don't?
Company is doing well in terms of profitable quarter and a billion on hand. That's fantastic and basically has a shareholder system that won't stop buying.
Pretty much best case for a company.
However that hasn't stopped the shorts and hasn't benefited the shareholders. They are worse of now than they were a year ago.
I jumped into gme like a lot because of moass. Yes Cohen has done a great job but at the end of the day I need a return on my investment.
I was hoping for a short turn around. Obviously 2 a bit years later and that isn't happening but I'm not looking at a long time investment. Gme currently can't do dividends and won't be able to unless it shakes the enormous short attacks.
Oh I don't doubt the shorts. Clearly they haven't given up. However there's not really been much change in the last 6 months. I think Cohen should address this. I'm not looking to sell as I'd make a huge loss so no point. But I think things have slowed to a crawl and it would be beneficial for the company to let us know they are aware of it.
Still no comments regarding the removal of a senior team member and nothing concrete regarding shorts. Illegal activities and all sorts.
Yes, the stock market is ... how to put it nicely ... dysfunctional. But Cohen's job is primarily to make Gamestop profitable, and he has been clear that he is going to keep his cards tight against his chest. Stock market reform is much too big of a job for one person who is busy running a business to take on, and to the degree that he is doing something about it, I'm glad that he's keeping his promise of not telegraphing his moves to the competition - or to the cellar boxing parasites.
Until further notice, I will just continue to DRS and book my shares. Which for me has also slowed down significantly, because of other expenses that have slowed down my buying of more GME, and because I could only spend my savings once. (Wish I could naked spend, but that's a privilege reserved for people who spend other people's money, it seems.)
I'm still convinced that DRS is one of the most, if not the most, important spanner in the works of the financial criminals that are naked short GME.
But isn't that the fundamental issue. The system is working how it's been designed. It's designed by those that are exploiting it and so Cohen or any other CEO can't fight within the system.
You'd have to fight outside the system or create a new one. Only way he'd win or shareholders would win would be to use the same sneaky cheating that other companies or hedge's or governments use. Kinda lose lose.
I have my shares in computershare and in book but that is or only defense. We haven't really moved forward in the last 6 months. If anything it seems to be status quo now.
I can't see how that would eventually defeat the shorts. They are using the system to exploit it and it's working as intended. The dark pools are within but also outside the system. They use shorts marked as longs marked as longs. They naked short they married puts.
This is my only concern. I have less and less impact on the gme saga as time goes on. Same as you. I've basically dried up my savings and rarely buy anymore. I will try to buy a few more lots when I get a positive cash flow.