this post was submitted on 11 Feb 2024
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DRS Your GME

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As many are aware, the SEC recently published Incoming No-Action Requests Under Exchange Act Rule 14a-8, and there were several shareholder proposals submitted by GME shareholders that were rejected by the company that were published there.

There have already been a few discussions of these proposals on Reddit and on X and on Discord at least.

Some of the discussions about the rejected proposals have been nothing but negative and cynical and even disparaging towards those shareholders that submitted proposals.

So I just wanted to make this post to express some gratitude towards those shareholders that submitted a proposal, despite that GameStop rejected them.

It's really easy to criticize. It's very easy to sit behind a keyboard and put other people down while otherwise contributing nothing. It takes almost no effort to do this.

It's hard to build things, it's much easier to destroy things.

Those shareholders that submitted proposals are the types of people that are builders. They are activists. They are building and advancing our collective knowledge.

Some other people are not builders. They are destroyers. They revel when the builders struggle. They celebrate when the builders face setbacks. They scorn and shame the builders for having tried at all.

I sincerely appreciate the efforts of any shareholder that took the time and energy to submit a proposal, any proposal at all, even if it gets rejected.

Every little thing that GME shareholders do that produces additional knowledge is beneficial overall to all shareholders.

Some parties out there in the world that are in opposition to GME shareholders don't like this. They don't like it when GME shareholders get loud and get active. They would much prefer it if we would all just shut up and go away and forget GameStop.

That's not going to happen. I for one am not going anywhere.

๐Ÿป

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[โ€“] Mojojojo1993@lemmy.world 3 points 9 months ago (4 children)

So holding 2k over two years. But with shares tumbling in price. How would that work. Was worth higher 2 years ago.

[โ€“] Chives@lemmy.whynotdrs.org 3 points 9 months ago (3 children)

It needs to be cumulative - not dipped below the threshold over the window. If an investor has been DRS for those two years and meet the minimum now, you're probably good, but if an investor doesn't meet it currently then they don't qualify.

[โ€“] Mojojojo1993@lemmy.world 3 points 9 months ago (2 children)

I have 375 shares. Over the last 2 years. So I've no idea. Not that I have any proposals. But just in terms of I'd meet criteria

[โ€“] bornluckiest@lemmy.whynotdrs.org 3 points 9 months ago (1 children)

Is it possible for us to collab on a proposal and put it forward as a group?

[โ€“] Mojojojo1993@lemmy.world 3 points 9 months ago

Would assume so. I don't really know that much about the proposal aspect.

Do all members of a group require the criteria or all members have to make up to the 2k over 2 years ?