WhyDRS

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.

So, a while back Gamestop stated that they would pull their shares from the DTC/Cede if they determined that it was mishandling the company stock (or words to that effect). They may have changed the wording regarding DRS numbers if the DRS+Cede numbers don't line up and Gamestop doesn't want (or isn't ready) to take that action.

To get the actual numbers, wouldn't tallying the entries on the register at the next meeting be the most straightforward path?

It is very baffling!

What will it take to get us over the 25% line and why has it been stuck there for almost a year now? There was steady growth before and people are still buying.

Of course there was a dip of 1.2 million in the most recent quarter, but it lines up eerily close to the 1.2 million shares that were with mainstar that got removed from DRS during the same quarter.

I wonder if we have DRS'd all of the book-entry (aka electronically recorded) shares and all cede has left in its vault is jumbo certificates that represent 100s or 1000s or perhaps even millions of shares each. I don't know if they can break them like a bank note.

What i don’t get is how come the total equals 305m instead of 305+ short interest? Any thoughts on it?