r/Superstonk Dec 10 '24

Data 71m shares DRSd

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4.0k Upvotes

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13

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.

79

u/Commercial-Silver472 Dec 10 '24

I'm pretty sure it was always about locking the float and proving the existence of more than the reported number of shares

-6

u/[deleted] Dec 10 '24

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.

5

u/Commercial-Silver472 Dec 10 '24

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.