23
8/11/2023 GameStop (GME) Estimated DRS count: 77,042,333 (or 75,771,767 when -1.2 million Mainstar shares)
(lemmy.whynotdrs.org)
8/11/2023 Estimated DRS count: 77,042,333 (using DRSbot total x 4.272)
8/11/2023 Minus 1.2m Mainstar: 75,771,767
The 4.272 multiplier comes from 6/1/2023 Form 10-Q divided by DRSbot 6/1/2023 total: 76,600,000 / 17,928,960 = 4.272
There probably still is "something funny" going on. There is still the unexplained weird jumps up/down in DRS numbers since we first started:
I think we're still chipping away the last 2 quarters and this coming quarter. Without some whales adding a large chunk this quarter, it looks like averaging around 6,150 DRS a day.
And we had the Mainstar rug pull. Odd timing on that.
And many ETFs containing GME still getting smashed into the dirt with piles of FTDs.
Oh I don't doubt that there is pure fuckery about. I just don't see how slowly accumulating Drs at less than a mil a year stops the hedgies cheating at the system.
True. There's an awful lot of attacks on gme. However what will hurt the hedgies. Cause the short squeeze. That's important
There is normal fatigue given there is no major news. Retail has finite money, and naturally we are going to see less and less DRS numbers. I agree DRS is one of the very few things Retail can and should do. We need to be patients and see how this play ends.
I am quite happy with Cohen's silence but after the latest and unexpected changes, especially the CEO replacement, I would expect some more feedback from them.
No question, Market is completely rigged and controlled by a few and that can be seen by the erratic movements that repeatedly occur in trading. But I am starting to suspect that none really knows exactly what's happening behind the scenes. I wouldn't be much surprised if Algo's took over control.
They could be running right now. Nobody would know. System is running as it was designed.
Yeah I think there should be statements to the shareholders. The ones who have kept the company going. They don't need to tell the world their strategy but a bit of a heads up would do wonders for the morale