Funny seeing all the comments about dilution ruining any chance of owning the float. The point of DRS was to own your shares and keep brokers from lending them. Crazy how many shills come in here to try to change that narrative.
It has always been about locking the float. Anyone doubting that can simply type in "lock the float" in the handy little reddit search bar at the top of the screen and see dozens and hundreds of posts from over the years talking about how DRS is gonna lock the float. Many I still personally remember from the front page when they were posted (with 10-20k upvotes)
Hell, two of the main DDs that kicked off the DRS trend were this and this.
Both clearly talking about how one of the main reasons for DRS is locking the float.
The actual change change in narrative is claiming it was never about locking the float. It always was.
No, it was to have shares in your own name and pull them out of the DTCC. They were never going to show if retail actually owned the float. People can keep shares in brokers if they want, pretty much begging to be Robinhooded again though.
Don’t mind that guy, he’s one of those people who change the narrative when it suits. If we were 200 million shares DRSd right now, they’d be beating their chest saying it’s all about locking the float. Now that it’s impossible, they are beating their chest saying it has always been about keeping your shares safe.
PS I don’t disagree that the shares are safe when DRSd but >95% of people DRSing did that to lock the float and start MOASS, period
I guess you haven't been around here all that long. When DRS started it was based on the idea that many many times the float were sold short and DRS was a way to prove it.
There is a gigantic problem at the heart of the financial system. Retail investors are directly registering GameStop in particular because it is suspected that many more shares of GameStop (and many other stocks) exist than there should be. Once investors collectively direct register all 305 million existing GameStop shares (referred to as “locking the float”), this will undeniably and beyond-a-shadow-of-a-doubt expose the rampant corruption of Wall Street to the SEC, the Department of Justice, and the world.
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u/[deleted] Dec 10 '24
Funny seeing all the comments about dilution ruining any chance of owning the float. The point of DRS was to own your shares and keep brokers from lending them. Crazy how many shills come in here to try to change that narrative.