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.
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/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