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8/4/2023 GameStop (GME) Estimated DRS count: 76,995,315 (or 75,724,749 when -1.2 million Mainstar shares)
(lemmy.whynotdrs.org)
Numbers went down this week as DRSbot resets are happening due to users no longer in DRS Your GME subreddit, but want to add new DRS shares into the count. But no DRSbot witness approvals are taking place.
8/4/2023 Estimated DRS count: 76,995,315 (using DRSbot total x 4.272)
8/4/2023 Minus 1.2m Mainstar: 75,724,749
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
Going down?
A few redditors have noticed where users do a drsbot reset, their share count goes to 0, then they try to re-add their shares. But then no drsbot witnesses approve their shares. Or the person doesn't want to go through the approval process again. So we see share count go down like 34,000 or a few thousand shares, but then never get added back.
I manually fixed the #1 whale's 1.3 million share count. Then this past week started adding back the 34,000+ shares of another whale. I'm too lazy to go through every DRS post looking for discrepancies where smaller amounts of shares don't get added back. :\
Thanks for the explanation and more Thanks for the efforts!