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rccb2002 | 4 years ago

What reports have you seen that show the actual numbers? Genuinely curious. As far as I know, there is only one report that has been released--that was by Gamestop itself for the 3rd Quarter (Aug 1-Oct 30). That number was 5.2 Million.

Now, the DRS movement, for lack of a better term, did not start to take off until late August/Early September. IOW, DRSing shares has not been going on since last January.

The next quarterly results (Nov-Jan) will be released around the end of March and, assuming that Gamestop continues to release the DRS numbers, will provide 2 data points.

The last point I would like to make is that the total number of shares outstanding for Gamestop is only 76.5 Million. 12 Million of those shares are Insider shares. Even if you Ignore institutional holdings and individual investor shares held in brokerage accounts, 5.2 Million is 8% of 64.5 Million. I would say that is not an insignificant percentage, even if the DRS movement stagnated after October.

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rekoil|4 years ago

From what I've seen there are now ~122,000 accounts for DRSed shares, and even if the average numbers we're seeing on reddit hold for all accounts (which I doubt), that's still only around ~18M shares, or 28% using your numbers. That's a lot, but it only matters when it reaches 100%.

I don't want to spread negativity, I have a bit of money invested as well on the off chance that the theories are true, but I'm placing my bets that if anything happens it'll be because of stricter regulations regarding short selling, not because of DRS.

rccb2002|4 years ago

Just to clarify my original statement, I did not mean to imply that after the 4th quarter results come in, that another squeeze will immediately happen.

I've always thought that this would take some time (i.e. DRSing the float). I don't think it necessarily has to reach 100% (although that would fantastic) I do think the higher the number climbs, the harder it will be for investors and regulators to ignore.

DRSing shares will reveal irrefutable, easy-to-digest proof that there is illegal naked shorting of Gamestop. How that plays out (squeeze, investigation etc) is anybodies guess because this exact situation has never happened previously. (individual retail investors directly registering shares in their name to secure the entire inventory of a company).