this post was submitted on 13 Nov 2023
12 points (100.0% liked)

WhyDRS

238 readers
1 users here now

Community to discuss the WhyDRS.org project and resources, and how to spread DRS advocacy and information to all investors for all securities.

Have a great idea to spread the word? There are some resources here to get started!

https://www.whydrs.org/free-resources

founded 1 year ago
MODERATORS
Chives@lemmy.whynotdrs.org
12
Baffling thing about DRS numbers (lemmy.whynotdrs.org)
submitted 1 year ago by bathrobe_moses@lemmy.whynotdrs.org to c/whydrs@lemmy.whynotdrs.org
8 comments fedilink hide all child comments
 

XPost due to me being new

you are viewing a single comment's thread
view the rest of the comments
[–] Zuberi@lemmy.whynotdrs.org 4 points 1 year ago

Apologies, I've just nuked the old sub after the "Moving Servers" post had 3 months to cook!

Original Text (if you needed the text to crosspost it elsewhere):

This is the thing that baffles me. What we know is the DRS number on the quarterly reports was suddenly changed from the Computershare number to the Cede number. What we believe is that this was done due to pressure from the SEC. What would happen if a shareholder vote went through to publish both numbers side by side? I find I cannot predict the result. Does the SEC actually have the right to withhold auditing information from the shareholders? I doubt it.