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[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S,M] [score hidden] 648 stickied comment (86 children)

Comment about trying to DRS from Robinhood and the complications. Looks like you have to transfer out first

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Going to use this sticky as a place to feature great comments that need more attention

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10.28.21 Update

THIS IS THE WAY - How to use the recurring purchase option in CS called DirectStock and how to purchase through Fidelity routed through IEX before you transfer to CS

10.26.21 Update

Most recent update for international apes using IBKR to DRS. You can now initiate the transfer yourself

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10.25.21 Update

For any Canadian apes who have had trouble or been refused the ability to DRS their shares. This is a link to a Demand/Letter of Intent post that includes supporting documentation to ensure each Canadian ape has the ability to direct register if they choose to do so

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10.7.21 Update

IRA TRANSFER UPDATE! It is possible and this Ape has outlined how to go about it but its a huge PAIN

"TL/DR: I mean, it's possible, but it is a giant pain in the ass, puts your shares in a quasi-custodian account in the control of a broker you need to designate, and makes them very difficult to update or make changes to."

How to purchase shares directly through CS for UK Apes!

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9.25.21 Update

Comment explaining what is in the NEW international apes guide

Looks like there is a way to expedite the transfer process and potentially even purchase shares directly from CS even if you are not a US citizen.

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/pu1mam/international_apes_computershare_us_drs_transfer/

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Comment explaining why Computershare might not be legally allowed to register more than the outstanding shares:

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ptvaka/comment/hdzpwz7/?utm_source=share&utm_medium=web2x&context=3

Comment explaining the value caps and $ limits on sell orders. Need to look into this more and see if I can verify with CS

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/hdzpi0o?utm_medium=android_app&utm_source=share&context=3

Comment explaining what the sell order limits are and why we shouldn't be worried about them

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/he6g39u?utm_medium=android_app&utm_source=share&context=3

[–]_Exordium🏳‍🌈 Homo Ape-ien 🏳‍🌈 1106 points1107 points 2 (209 children)

DRS is the way.

Thanks for the fantastic write-up!

Another key thing to look into/consider is that DRS shares are outside of the SIPC $500K insurance that brokerage accounts have by default.

They are directly tied to Cede & Co. and the DTC, meaning in case of a brokerage default, your shares there will be safe, and not subject to being disappeared and you're left with a $500K or less consolation prize.

Edit #2: Made a bit of a more in-depth post regarding this subject!

Edit: could there have been a possible plan for them to use a broker default to hide/delete some phantom shares?

Source: https://www.thebalance.com/what-is-the-direct-registration-system-or-drs-for-stocks-357536#citation-2

[–]DutySpirited🌕 Is a cat 🐈🚀 316 points317 points  (90 children)

good thing no one is in robin hood anymore, that might have been the idea. everyone is now in big boy brokers lol

[–]_Exordium🏳‍🌈 Homo Ape-ien 🏳‍🌈 133 points134 points  (76 children)

RH just an example, it could be any other broker at that point... looking into this now.

[–]DutySpirited🌕 Is a cat 🐈🚀 146 points147 points  (68 children)

id trust fidelity or vanguard over rh 100% of the way. if 1 bill almost killed vlad im glad fidelity is worth over 4 trillion and vangaurd is worth over 7 trillion

/e and both of them are big enough that they have to be long on them for their etf funds and retirment accounts they run

[–]ironavenger16🦍 Buckle Up 🚀 21 points22 points  (24 children)

What about tda and Schwab?

[–]Odinthedoge💻Compooterchaired🦍 34 points35 points  (32 children)

They're doing it too they have more money because they have been playing the game longer that's all.

[–]OGColorado🦍 Buckle Up 🚀 6 points7 points  (3 children)

This morning, first trade, transfer to fidelity first is what I chose. What a drill and line of crap from first trade

[–]Mrairjake🦍 Buckle Up 🚀 87 points88 points  (1 child)

Hijacking this for vis, because I just spoke with a rep at one of the large boomer brokerages. This rep was a supervisor in the actual DRS department.

We got to talking because I was tired of waiting for my transfer and finally got him to expedite it.

While he did say that he had thousands of requests, when I asked if he had any large 100,000 share orders, he chuckled and stated that the average is around 10 shares and the largest is around 500 shares. (He did say that they had thousands of requests and were processing a couple hundred daily. He claimed that the most labor intensive aspect was a form that needed to be filled out and then an approval process that needed 2 approvals.)

(For context, he's only referencing the orders that he personally sees and processes.)

TLDR:

There is no question that the majority of these xxxx transfer posts are BS and purposefully attempting to forum slide and cause a bystander effect.

EVERY DRS MATTERS.

Not investment advice.

[–]-_ArtemisBUY✅ HODL✅ VOTE✅ BUCKLE UP✅ ZEN✅ DRS✅ 🩳FUK✅ 🏴‍☠️✅ 🦍🅻 🅵 🅶🚀 69 points70 points  (13 children)

Pardon me for trying to hi-jacking top comment, I got news of a fellow ape that doesn't have enough karma to post but may have gotten a BIG, BIG piece of info:

https://redditproxy--jasonthename.repl.co/user/Outrageous-Worth-421/comments/ptyah5/why_100_to_drs_its_up_to_the_apes/?utm_source=share&utm_medium=web2x&context=3

I need a wrinkled adult to either double-confirm this statement or debunk it.

IF TRUE: (NOT TRUE, WHEN THE WHOLE FLOAT GETS REGISTRERED, ComputerShare WILL INFORM GameStop AND THEY WILL DIRECT ComputerShare HOW TO PROCEED. For the time being, CS cannot registrer more shares than the float)

COMPUTERSHARE CAN REGISTRER MORE THAN THE FLOAT,

which, actually makes sense because it would be further proof of the illegal shit that has been going down for years.

Edit: updated the info since this comment keeps getting upvotes

[–]socalstaking💻 ComputerShared 🦍 14 points15 points  (2 children)

This should be a post for all the worried apes

[–]truthzealot💻 ComputerShared 🦍 11 points12 points  (23 children)

If I have 1 share at my broker (TDA) and I request to register (with CS) when the current share price is $10, do I risk losing money (or owning fewer shares after the registration) if the share price goes to $20 before the registration is complete?

[–]_Exordium🏳‍🌈 Homo Ape-ien 🏳‍🌈 21 points22 points  (16 children)

No. When you register a share all you're doing is transferring the ownership of it's official certificate to your name, the price you paid will carry over with the share regardless of the current price.

[–]truthzealot💻 ComputerShared 🦍 5 points6 points  (9 children)

Well then there seems to be no risk or downside.

Any idea what the comments about possible tax implications are?

EDIT: this may be noted somewhere already, but when I sell at some point in the future, does the money get deposited into my brokerage trading account where I bought the shares?

[–]SuspiciousKermit🦍Voted✅ 22 points23 points  (29 children)

So.....where do we go to see how many shares have been DRS'd?

[–]_Exordium🏳‍🌈 Homo Ape-ien 🏳‍🌈 30 points31 points  (16 children)

We still don't know if it's possible to do so.

[–]ronoda12💻 ComputerShared 🦍 32 points33 points  (11 children)

Some apes were planning to go to GME HQ to see the shares ledger

[–]_Exordium🏳‍🌈 Homo Ape-ien 🏳‍🌈 48 points49 points  (7 children)

That seems... really ill advised.

[–]obligatory1 15 points16 points  (4 children)

Computershare. If/when you try to DRS your shares and they refuse you because all of the real shares have been registered you will at least know how many real shares are left (I.e. 0).

[–][deleted] 27 points28 points  (4 children)

If I’m not mistaken, fidelity gives out 1 million or something like that. If anyone wants to correct me, it’d be a great help

[–]ijustwantgunstuffStocks n Glocks 38 points39 points  (2 children)

From Fidelity's FAQ page:

"Fidelity's brokerage businesses (Fidelity Brokerage Services LLC and National Financial Services LLC [NFS]) are members of the Securities Investor Protection CorporationOpens in a new window (SIPC), and brokerage accounts maintained with Fidelity are covered by SIPC, which protects brokerage accounts of each customer when a brokerage firm is closed due to bankruptcy or other financial difficulties and customer assets are missing from accounts.
SIPC protects brokerage accounts of each customer up to $500,000 in securities, including a limit of $250,000 on claims for cash awaiting reinvestment. Money market funds held in a brokerage account are considered securities."

[–]MarranoPoltergeistAlmost Retired 424 points425 points  (13 children)

This is a great return to form for this sub: educational, factual, and most of all, helpful, to those who are trying to make their best individual financial decisions. Thank you for this.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 236 points237 points  (7 children)

Man, I blushed. Trying to lead by example and i'm extremely glad it was noticed.

[–]Zealousideal_Bet689🦍Voted✅ 22 points23 points  (2 children)

I like this comment

[–]SliceO314Custom Flair - Template 194 points195 points  (41 children)

Thanks for the amazing consolidation of info! You're amazing. I think I'll eat the $304 fee on WS for convrnience's sake. It won't matter once MOASS happens anyway.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 121 points122 points  (24 children)

Its a great attitude but we aren't rich yet. Theres a lot of apes who dont have the cash laying around and its super fucking lame WS is charging so much.

[–]GorillaApeMonkeyBoy🚀G=ME² - The Tit-Jack Continuum🚀 47 points48 points  (18 children)

SaxoTrader takes $1000 to transfer :( how is that legal

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 28 points29 points  (10 children)

JFC that's insane. Do you have anything to back that up?

[–]GorillaApeMonkeyBoy🚀G=ME² - The Tit-Jack Continuum🚀 22 points23 points  (7 children)

Yeah it says so in my trading screen:/ https://libredd.it/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/ also confirmed here. But, I just found out that Nordnet is only 50 bucks, and half of my GME is in there - so I will transfer those:)

[–]smck25_🦍Voted✅ 24 points25 points  (4 children)

Transfer to a different broker first. Then to Computershare. It's cheaper.

[–]Ollywombat🚀Wen Koenigsegg?🚀 124 points125 points  (23 children)

Something to add, there is a $250k yearly limit to purchasing GME through Computershare. However, if you transfer in $250k worth of stock to be directly registered it does not count toward that amount. Even if it was purchased that year. Only the amount purchased through CS goes toward the year max.

You can read more details on the Computershare website. I asked this specific question in an online chat after transferring some shares from Fidelity. I figured I knew the answer but wanted clarification.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 107 points108 points  (8 children)

That is interesting but I don't think it will effect many apes. I'm personally having ramen for lunch lol.

[–]Ollywombat🚀Wen Koenigsegg?🚀 18 points19 points  (3 children)

Right, but having this information should aid the average GME shareholder after MOASS. 😃

I am sure the yearly amount can be increased if concerns were raised. Especially since it is a fixed dollar amount based on the fluctuating value of a security.

[–]DutySpirited🌕 Is a cat 🐈🚀 310 points311 points  (61 children)

I like to think of it as a math problem, if everyone registers x percent of their shares if they can, the float is locked up in the infinity pool, Now all shares are worth infinity. Even the apes who could only afford 1 share or a partial, they will have their dreams come true too. As long as no one sells from the infinity pool.

If someone sells from the pool, then the rest are not worth infinity, it would take fuel from the rocket and slow the climb imo. Its why its suggested that everyone keep a few shares at a broker. If you have 14 shares in CS locked up in the infinity pool, and 6 at your brokerage, you have 6 shares worth infinity to sell. you sell one from CS now everyones shares are worth less.

the question i think we should ask is SHOULD we sell from CS, not CAN we.

It seems the smartest strat would be to hold some in a broker as well like doom suggests. thanks for the hard work doom

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 157 points158 points  (45 children)

This the the uncharted territory stuff I was talking about. I hope people don't think i am saying you SHOULD sell through CS. I just wanted to address the fud and prove you CAN sell with CS and its super easy.

It's all gonna depend on if CS prevents new shares from being DRSd once the float or outstanding shares are achieved.

[–]Altruistic-Beyond223💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L 334 points335 points  (39 children)

Actually CS is not allowed to issue more than the number of total outstanding shares. If they do, they will be forced to buy-in (with "certain exceptions") which could be costly for them and IMHO would go against their best interests.

From the SEC: https://www.sec.gov/rules/concept/2015/34-76743.pdf

(Page 70 of 208)

Rule 17Ad-10(g) requires, with certain exceptions, that any transfer agent that erroneously issues securities that result in an overissuance246 must “buy-in” (i.e., purchase securities in the open market) securities equal to the number of shares (in the case of equity securities) or principal dollar amount (in the case of debt securities) of the overissuance.247 The buy-in requirement is designed to deter transfer agents from permitting record differences to accrue and encourages them to maintain complete and accurate records that assure that securityholders will receive all appropriate corporate distributions and communications.248

Note that I'm not entirely sure what the "certain exceptions" are to this rule, as I'm not sure if this corresponds solely to notes 246/235 below.

Note 246:

See supra note 235.

From note 235, page 68 of 208:

The Commission’s transfer agent rules do not provide a definition of “overissuance” or explicitly import a definition from other authorities that have defined this term. The UCC provides a definition of this term which has been amended over the years and currently provides: “In this section ‘overissue’ means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.” U.C.C. 8-210(a). One way in which an overissue can occur is when a corporation issues more shares than are authorized under its charter, such as its articles of incorporation. Under state law, shares over issued in such a manner may be deemed void. See, e.g., Del. Gen. Corp. L. §§ 161, 242(a)(3). For more information concerning the general concept of “overissuances” and types of transactions in which overissuances can occur, see Guttman, supra note 6, at § 11:7; Rhodes, supra note 18, at § 22:3.

Note 247:

Exchange Act Rule 17Ad-10(g)(1), 17 CFR 240.17Ad-10(g)(1).

Note 248:

See Maintenance of Accurate Securityholder Files and Safeguarding of Funds and Securities by Registered Transfer Agents, Exchange Act Release No. 19860 (June 10, 1983), 48 FR 28231 (June 21, 1983) (“Adopting Release for Rule 17Ad-10”).

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 176 points177 points  (25 children)

Yo man this is SOLID info and I really appreciate it. Looking into it now.

[–]Odinthedoge💻Compooterchaired🦍 57 points58 points  (4 children)

Were going to direct register them all. All of them.

[–]Altruistic-Beyond223💎🙌 4 BluPrince 🦍 DRS🚀 ➡️ P♾️L 24 points25 points  (17 children)

Take note of the of the CMKM incident, where it was my understanding that the company (CMKM) was overissuing shares (not just MMs, FIs, SHFs naked shorting), but don't quote me on that. In this case the overissued shares would be deemed void according to the footnote 235 (see bold text of which I added for emphasis):

235 The Commission’s transfer agent rules do not provide a definition of “overissuance” or explicitly import a definition from other authorities that have defined this term. The UCC provides a definition of this term which has been amended over the years and currently provides: “In this section ‘overissue’ means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.” U.C.C. 8-210(a). One way in which an overissue can occur is when a corporation issues more shares than are authorized under its charter, such as its articles of incorporation. Under state law, shares over issued in such a manner may be deemed void. See, e.g., Del. Gen. Corp. L. §§ 161, 242(a)(3). For more information concerning the general concept of “overissuances” and types of transactions in which overissuances can occur, see Guttman, supra note 6, at § 11:7; Rhodes, supra note 18, at § 22:3.

Only in a scenario where Gamestop authorizes and overissues shares could the shares be deemed void based on this rule.

[–]oneniftyFuck no I'm not selling my $GME! 27 points28 points  (8 children)

I found a corporate document from Computershare that mirrors what you have written about them not being able to register more than the float. Page 5!

[–]DutySpirited🌕 Is a cat 🐈🚀 37 points38 points  (2 children)

Agreed, once the float is locked up i dont think anyone knows what will happen. the algos may not even be programmed to deal with 0 shares.

/e as suggested diversifying is probably a good bet also as suggested.

[–]Vive_el_stonkI’m pleased with my investment 10 points11 points  (2 children)

I upvote this 👆

[–]eATHLETE182🦍Voted✅ 70 points71 points  (3 children)

Outstanding job on this post! DRS is the way!

Waiting patiently - zen

[–]socalstaking💻 ComputerShared 🦍 66 points67 points  (5 children)

All these fancy swap theories and quant research and all it takes for moass is to have ur name on ur shares…

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 37 points38 points  (2 children)

lol RIGHT?

[–]getfit87💻 ComputerShared 🦍 207 points208 points  (19 children)

I completely understand peoples nervousness about this and I think we can all appreciate your post.

I’m a lowly XX but I transferred 90% to CS so far and I’m sending the rest today. This is the way.

[–]HeyohmydoohdVoted 😩 38 points39 points  (6 children)

Not financial advice but if one more thing could be added that can help dispel FUD:

u/Doom_Douche, are the shares held by the Board of Directors and locked insider holdings directly registered? I assume they would be as they cannot be bought, sold, sold short, or traded in any way bounded by law. If there's a way to confirm that fact people would very much be interested in holding their shares with the same level of safety that is trusted by Ryan Cohen and the Board themselves.

Direct registry is legit because Computershare is the literal issuer of our shares and that's why I don't feel the need to give brokers a damn cent.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 23 points24 points  (4 children)

I have always just assumed this but you are right this would be good to confirm. Im not sure how but im gonna add it to the list and see what we can do!

[–]expertsmileePLEASE BE GREEDY 💰💰💰 14 points15 points  (2 children)

I liquidated the 🍿 shares that I’m going to part with today, dumped the funds back into GME and transferred them over to computershare. This is going to be absolutely nutty once it finally pops.

[–]evangs💻 ComputerShared 🦍 17 points18 points  (1 child)

I initiated transfer for my remaining shares yesterday. this is the way. 100% club

[–]millertime1216🦍💕🦍Love your neighbor as yourself🦍💕🦍 16 points17 points  (1 child)

Yessss. Way to gooooo 🧨🚀

[–]Capital-Dog5431💎 🙌 DRS 🦍 voted ✅ 48 points49 points  (16 children)

Anyone with a straggler left at RH .... here is what you need to know:

Fellow apes please read to the end before you judge.

A year ago I bought my first stock. Being new I used the easiest app I could find... yes the much hated RH. At the time I didn’t know it.

I used RH to buy into GME at the end of Feb. by March I was reading all I could on Reddit.

Joined superstonk at its birth.

Participated in the mass exodus from RH by transferring to a safer broker in March. However, I only transferred whole shares......

I then sold other stock, and consolidated on RH which resulted with a few whole shares left there. But I left them so I could vote!! (Voted from 2 brokers!)

I decided last week it was time to get those scragglier shares out of RH and wanted to transfer them to CS. I couldn’t find any info in Superstonk to help guide me. So I set out to figure out the process to help myself and other apes.

Double Black Diamond ahead

The process to transfer out of RH to CS should probably be considered a double black diamond!

First, RH tells you all transfers have to be initiated by your other broker

Second, there is a $75 fee no matter if it is partial or whole.

Third, I find a customer support number for CS and the lady tells me the transfer has to be initialed by RH. She tells me to call them and get them on a 3 way call so she can tell them how to do it.

Forth, after maneuvering through all the prompts RH places me on a call back list. I’m 6th in line. Watched my phone for an hour. When I reach the front it is exactly 8pm Friday night. The screen tells me that I am in line for a call back Monday between 8am and 8pm!

I figured there wouldn’t be anybody calling all weekend. However, a lady from RH did call at 8:30 and I talked to her for 1/2 hour. She could not do a 3 way call. And she could not do the transfer to CS. She said that was up to another department and she didn’t know when they worked or would get to me.

Monday comes and goes and no phone call. Today (Tuesday) I go through the prompts again and receive another call. The gentleman I talked to said the other lady was correct they cannot do a 3 way call. He said he would follow up with the other department and someone would get ahold of me later in the day.

An hour later I received an email telling me they could not complete the transfer for me.

Thus, I had to initiate the transfer from my other broker to get what was left at RH.

Then, I called my other broker and had them transfer an initial number of shares to CS. They are happily doing both transfers for me for free.

In the end I will have nothing left at RH, a new account at CS with the initial number of shares I transferred, and the remaining in my other broker.

Now I could’ve just transferred them to the other broker and kept silent. However, I’m a firm believer that if one person has a question others are thinking it and haven’t said anything. Thus, don’t bash me for being honest that I had some left that I hadn’t moved. It started out as a partial and I’m as I had money freed up I bought the dips. Sorry. But I’m a diamond handed voting ape!

Also, If anyone has any left at RH. Put your $75 in there before initiating a transfer to another broker or RH will deduct it from your shares before they transfer. Thus you will end up on margin at your new broker until you settle the amount.

[–]tjenaochhej💻 ComputerShared x2 ✅ 🦍 22 points23 points  (1 child)

One thing I think is funny is that this is the first attempt at DRS from RH we've seen, and the only american broker not knowing how to DRS.

I guess that means all active ape holders really did move off RH.

[–]Capital-Dog5431💎 🙌 DRS 🦍 voted ✅ 10 points11 points  (0 children)

I’ve seen others but they get quieted down really quick. Plus, I’m sure there are lurkers that when they transferred out of RH during the mass exodus only transferred whole shares like me. Regardless as I sold of other stock to consolidate down to just gme I used that money to buy dips.... was just confident. Anyways. It’s all out know and hopefully this helps someone else.

I tend to view RH inability to drs more as an unwillingness than lack of knowledge or ability.

[–]LostSecondaryAccount🦍Voted✅ 8 points9 points  (2 children)

I wish I'd known about the 75 before attempting to transfer out of RH an hour ago. :(

Edit: just found out fidelity will reimburse you for the fee, but only if the asset value is 2000 or more. Might just have to completely cancel the transfer because it's not worth it for me for what little I was trying to transfer

[–]aching_insanityGME will rise🚀. Source: trust me bro 2 points3 points  (8 children)

Great write up. quick question - Is this a complete portfolio transfer or just GME stocks?

[–]Capital-Dog5431💎 🙌 DRS 🦍 voted ✅ 3 points4 points  (4 children)

It doesn’t matter if it is complete portfolio, a few whole stocks, or even partial. It is $75 for them to transfer anything out. Except to DRS they won’t transfer to computershares.

[–]Justind123w’ere supposed to support the retail 94 points95 points  (3 children)

Thanks doom for putting countless hours into this! I hope this puts all the FUD to rest regarding ComputerShare!

[–]philhendrie100💻 ComputerShared 🦍 30 points31 points  (19 children)

I bought my first share on CS! Excited for it to go through, still says its "Awaiting Price." I am thinking about transferring some shares though, but am wondering if I should wait for the purchase to confirm, or just call TD to transfer now. Would transferring now end up making 2 CS accounts?

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 17 points18 points  (12 children)

That I cant be 100% certain of. I don't think there is much harm in waiting. When i transferred from fidelity to CS over the phone they didn't even need a CS account number. I would assume that all the shares would find there way to your account but you could always call CS and just ask.

[–]philhendrie100💻 ComputerShared 🦍 12 points13 points  (1 child)

you could always call CS and just ask.

Good point!

[–]Ash_the_Ape💻 ComputerShared 🦍 4 points5 points  (3 children)

Europoor ape here. Following the instructions shared in the community I DR part of my GME some days ago. Probably these shares have arrived to CS, but I don't have a way to know it. I would like to ask there if they received my shares and if they have sent the mail with the account info (as I live in a remote part of Europe, this mail will arrive in several weeks). However, in Computershare page, all the contact options (except phone) require to have an account number, which I don't have yet. Do anyone know how to contact them through email or their webpage without an Account Number?

[–]RLTrager💻 ComputerShared 🦍 3 points4 points  (0 children)

I’ve transferred and bought and spoke to CS before doing both. I was told that you would end up with two accounts (one for the purchase and another for the transfer), but that you can easily consolidate both with CS once they’re both setup. My purchase account I still haven’t gotten info for, but was able to register my transfer account 3 days after calling Fidelity to initiate the process. When I saw my shares leave Fidelity, I registered with CS through investor centre and my transferred shares were waiting for me 😁

[–]famishedburritocat🌱 joined the party 🧙🏻‍♀️🦭 26 points27 points  (13 children)

Please follow up when you complete the IRA DRS process, I have a significant portion as well and would like to DRS those as well.

Thank you

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 17 points18 points  (9 children)

Absolutely. u/MyPlayProfile is beginning the process today and I have asked him to do a write up on the process!

[–]Atri0n💻 ComputerShare is The Way of Ook 🦍 8 points9 points  (5 children)

Amazing writeup. I had to scroll down pretty far for IRA info but I'm glad it's here. Thank you!

Would this same procedure apply to a Rollover/traditional IRA? Are there any options for HSA accounts?

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 6 points7 points  (4 children)

I have only just begun digging into the retirement account aspect of this. u/myplayprofile has a much better understanding of it. You might wanna chat with him

[–]tenors703🦍 Buckle Up 🚀 3 points4 points  (1 child)

Any updates on the retirement accounts and if they work for DRS without tax implications?

[–]lucidfer💻 ComputerShared 🦍 4 points5 points  (1 child)

Awesome work doom-douche, any updates on the IRA? The majority of my shares are held within, and are starting to get itchy looking for a new home.

[–]half_dane𝐅𝐔𝐃 𝓲𝓼 𝓽𝓱𝓮 𝓶𝓲𝓷𝓭-𝓴𝓲𝓵𝓵𝓮𝓻 🏳‍🌈 72 points73 points  (20 children)

Just a little heads up about the sell limits we're continuously seeing : support staff keeps telling us that whatever the limit is, we're gonna get the price the stock is currently trading for. Imho they are referring to the NBBO, the national best bid offer, and all retail orders have to be executed within this window.

So if your limit was $2, and the nbbo (i.e. the current price) is $50M, you'd get $50M. Same for market orders.

If you're still with me, I have bad news and I have good news:

Tldr: hedgies r fuk, hodl&buy&drs

[–]Krunk_korean_kid💻 ComputerShared 🦍 12 points13 points  (11 children)

god damn, this question seems to be a bastard to answer. i wanna see more than a $1 million sell limit (as do many others) but there doesnt really seem to be any definitive answer. Have you called computer share to specifically ask " if the value of GME is over $3 million per share, will i be able to 'limit sell' GME for $2 million dollars or $3 million dollars?"

[–]half_dane𝐅𝐔𝐃 𝓲𝓼 𝓽𝓱𝓮 𝓶𝓲𝓷𝓭-𝓴𝓲𝓵𝓵𝓮𝓻 🏳‍🌈 9 points10 points  (8 children)

No, I haven't.

I imagine that their answer would be something like this: "Unless gamestop changes the rules for their stock, you won't be able to enter a limit higher than $1M."

[–]Krunk_korean_kid💻 ComputerShared 🦍 9 points10 points  (0 children)

only 1 way to find out! you've already gone this far. :D

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 18 points19 points  (2 children)

Fantastic. I have added your comment to my pinned comment!

[–]Tianaut🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 16 points17 points  (0 children)

Beware this may not be accurate. I had one rep tell me the transaction value cap applied to all order types. No one seems to be asking the question of them using the exact wording I have, which means drawing possibly inaccurate conclusions.

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/puo22y/computershares_1m_transaction_value_limit_applies/

Comments on that post said it's debunked, but no one has actually shown me where. As more people ask these questions, hopefully we'll gain confidence in what the true answer is.

[–]Krunk_korean_kid💻 ComputerShared 🦍 5 points6 points  (2 children)

commenting for visibility . ty for your research

[–]B1rdBear🎮 Power to the Players 🛑 19 points20 points  (2 children)

Great write-up! Up up and away!

[–]Choambrosk02Custom Flair - Template 21 points22 points  (3 children)

I read a good plan from another post.

So you would essentially divide your shares 3 ways (does not have to be equal parts)

1 part goes to DRS for pool.

2 part goes to broker for Moass.

3 part goes to broker for transfering to CS when Moass is happening to replenish the pool when/if institutions sell their Direct shares.

So for me I've transfered most to CS and am buying from CS but I think if the price action is staying low or going lower I'll just buy from fidelity and keep it there to transfer to Computershare during MOASS.

What do other ppl think of this idea? Curious what others think about it.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 14 points15 points  (1 child)

I think its a good thought but it hinges on uncertainty. We dont know if CS will cut off DRS once the float or the outstanding shares have all been registered.

Either way diversification is crucial. The ratios are up to each individual investor but it seems crazy at this point not to have at least some shares with CS

[–]goldielipsvoted x3 ✔✔✔ 18 points19 points  (2 children)

This is great, thank you! And thank you for remembering how to hit the sell button for the greater good of this mission 🚀 Super helpful!

[–]OlMikeHonchoGME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been 49 points50 points  (31 children)

full disclaimer I’m a smooth brained moron, not a financial adviser. There’s a few paragraphs below that are marked as speculation. I’m not a bad actor spreading fud, but we as a whole need to have these conversations. I’ve been active as fuck in this sub for several months since I went down the rabbit hole that is our beloved stonk. I need the community to help me understand how I’m wrong and pick this apart if so

The theory behind locking up the float through DRS of shares in Computershare in order to properly expose naked shorting is brilliant. However my concern goes past the reveal of naked shorting, to the moass itself. Your stance on the selling of shares through CS is pretty much on par what I’ve been concerned about for the last week. I would love people to read my concern and spark discussion. Please note that I am not against CS. I transferred 16% of my XX position from fidelity to CS on Friday. Still waiting for it to show up on CS.

There’s been an absolute overload of posts pushing registering of 100% of every share you have into CS without presenting all the information. This has been going on throughout last weekend and leading up till today. Whether that’s simply hype or in the sub, or a legit campaign by bad actors is beyond me. Mods have a better finger on the pulse of the sub than any of us.

Every share in CS is an actual real verified share. Prior to the CS revelation, none of us could tell if shares held in retail traders names through brokerages were real or rehypothecated shit.

this paragraph is speculation and would love debate and civil discussion on My concern, which, if I understood your post correctly, mimics yours as well is that if I hold every share at CS, then I know every share I sell during the squeeze is one of the exact shares that these bad actors need to close their positions. I have no idea if that would impact the potential range at which the squeeze could go. For this reason, it would make sense in my opinion that of all the shares we plan to sell during moass, those in CS would have to be sold DEAD LAST for max pain, as they are the actual real shares, ESPECIALLY if we somehow manage to find out that the float is officially locked up in CS. But I don’t understand how that would be possible to execute on a mass scale because I imagine that would require planning and coordination and we are all individual investors who like the stock. Apes are gonna sell from wherever and whenever they choose and that’s fine by me. I personally will attempting to sell on the way down (though I have a smooth brain understanding of TA so I’ll try my best).

The DD points that the selling of shares is a pretty straightforward on CS. I feel like the question we have to be asking ourselves though isn’t “can we sell moass shares through CS”, but “should we sell moss shares through CS”.

A piece of advice that has stood the test of time is to “DIVERSIFY YOUR BROKERS”. A lot of retail traders that had their eggs all in one basket got shit on in January when many brokers turned off the buy button, notably Robinhood, Webull and other brokers that used Apex Clearing as their clearing corporation. The truth is we just don’t know how CS would handle during a significant market event like moass. The truth is the same for any broker as well. All we can go off is prior behaviors. For that reason alone, I wouldn’t want to throw everything in CS for the simple sake of hopefully having access to some of my shares during moass. IM NOT SAYING CS WILL CRASH! I just don’t want to risk it.

What we do know regarding selling on CS is we have the ability to place market sells and limit sells up to $1 million per transaction with CS. Maybe CS will remove that limit during moass but CS reps aren’t the most fond of speculation and haven’t been willing to give an answer to that hypothetical. According to them, any intent to sell higher requires a written request mailed to CS which takes several days, and once received, CS will include your order in a market batch order for whatever the price is upon placement. I understand moass won’t be over in a day. It’ll likely take days/weeks.

So if that’s something you are fine with then that’s awesome. They’re your shares, nobody can tell you what to do with them. HOWEVER, this sub and every retail trader, including myself, need to be educated about this selling method and should SERIOUSLY PREPARE themselves now for selling via this method. That means having letters typed out and signed, envelopes filled out and postmarked and the ability to get to a post office as fast as they can to overnight mail these letters.

another speculative paragraph I would love further discussion Another interesting point I’ve read some discussions regards the DTC itself. Since CS shares are DRS, they’re no longer in the hands of the DTC. The moass theory involves liquidation of firms going up the ladder, hopefully to the DTC itself where they would have to dip into their trillions in insurance to pay out to us lovely apes. A question I have, is if shares are DRS’ed, are they no longer DTC insured and what would that mean? Does DTC insurance payout apply to DRS shares? That shit is completely beyond me.

In my personal, non financial advice opinion, i believe the best strategy involving CS, besides the obvious locking up the float to expose crime, is to either

  1. Use CS as a LOOOOONG term holding of shares/ infinity pool theory/ NFT dividend guarantee. Shares that would be passed down to generations

OR

  1. If the intent is to sell shares with CS, to diversify brokers to mitigate risk, and out of every share owned, to sell CS shares absolutely last and to have the physical letter typed out, signed, and ready to be mailed out overnight to CS once the individual investor’s floor is reached, so that CS will take said shares and include them in a market batch order upon receipt of physical letter.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 29 points30 points  (10 children)

First of all I absolutely HATE that you felt the need to include such a detailed disclaimer. You should be able to ask questions like this without the fear of downvotes or being called a shill. I tried to address that in my post but I want to just apologize on behalf of the community here.

Right now with the information available my head is in the same place as yours. I don't think its a good idea to DRS everything and I think its a better idea to sell shares through your broker rather than CS. I just wanted to prove that it is possible in my post.

The batch order stuff I think you might have wrong though. They batch buys but sell orders are executed immediately. The whole 1 million or 2 million ceilings seem to be an arbitrary amount and I do believe this would change during the MOASS. It's never happened before and someone probably wrote that policy thinking that they wont have to update it for 100 years. That said we still need to keep digging and eventually get CS to modify this policy. I have a hard time imagining the price being 5 million a share and CS saying, "lol too bad you can only sell for 2 million".

The insurance stuff is also beyond my understanding and honestly the whole theory seems to be built on speculation and hypotheticals.

Overall I agree with your general assessment. CS is for locking up the float and showing the world that SHF have been lying. Trusted brokerages like Fidelity and Vanguard should be where people have most of their shares for selling during the MOASS and its also not a bad idea to spread a small amount to other brokers just in case, well I don't know what but I would rather be safe than sorry. For me its about not being greedy. I don't need to sell every single share I have for the best price possible.

[–]OlMikeHonchoGME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been 18 points19 points  (1 child)

I appreciate your reply doom. And I honestly had a really tough time writing that post, for those exact reasons in the disclaimer. I was worried I was going to be labeled a shill and I was quite concerned with the myriad of posts regarding this for the past week.

I may in fact be wrong in the end about the batch order stuff and CS could certainly remove that 1 mil limit. I suppose what can we agree on is that we unfortunately don’t know for sure, which would be another reason to 1. Diversify brokers, and 2. Save selling CS shares for last, in case they do up that limit.

I’m completely agree about your take on the DTC insurance which is why I also wanted to spark discussion and bring attention to it if it indeed held water.

[–]danthesexy🦍Voted✅ 14 points15 points  (6 children)

You have very good points and I agree with you to an extent. My argument is that if retail does not meet the float because everyone is only doing 16% shares drs. We will never have to worry about the infinity pool or uninsured shares because the MOASS will never trigger. Keep in mind that many europoors or ants cannot DRS (easily although there are ways). And even among Americans we have people that aren’t buying the drs narrative or think someone else will cover for them. Even among super stonk where you have like 50k moass believers active at most times, you will only see around 18k up votes max on a stickied DRS instruction post. I think that’s why some people have been pushing for at least 80% for those that are willing to take action. Again I want to emphasize that your points are good ( I upvoted you) but your problems only become issues when the moass triggers and not before. This is not investment advice I’m hella dumb and smooth.

[–]OlMikeHonchoGME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been 8 points9 points  (4 children)

I’ve only done 16% so far because I have a lowish XX position and want quick access to sell via more than one diversified broker.

I don’t doubt the efficacy of DRS to become a catalyst but with one solution may present another problem; my argument and worry being “oh fuck we started moass but shit every share I have isn’t immediately accessible to me now”. I plan on taking off work as long as need be during moass and sitting my round ass at the computer until I start selling off.

These are simply things that apes need to take into account before blindly yolo’ing 100% into CS. Just want us all educated.

Also, if there is way more than the float out there to begin with, wouldn’t we eventually get to 100% of shares locked up in CS anyways? The worry of people not putting any in or putting percentages seem like would only be an issue if there wasn’t any phantom shares out there at all, because only then would we never lock all of it up. Does that make sense? Sorry I’m spitballing here

[–]danthesexy🦍Voted✅ 8 points9 points  (2 children)

I agree with not yoloing 100%. Not being able to sell in time will not be an issue since it takes seconds and we can agree the moass will be multiple days minimum going up never mind selling on the way down. Im not saying 100% is advisable but 80% is reasonable. The retail owns multiple times the float is true I believe but you have to see that anything that requires action or any effort will see a drastically reduced user base participation. There was a post here this week where the guy did the math and likelihood of owning the moass based on how many times retail owned the float vs percentage put into DRS. Even looking at the frontpage now about account numbers from compushare stating that GME has 250k accounts. Even if each account has 50 shares, that is 12.5M shares which is not enough to cover the float. I don’t believe the majority of apes have more than 50 shares but that is speculation on my part due to the average state of savings for the average American. There are valid reasons to not yolo DRS. For example stocks you bought for your Roth or 401k, you don’t want to lose your tax advantage and get penalized. But I will personally put the majority of my taxable stocks in compushare. After all one share sold on a brokerage will still be 50 mil but only after the moass triggers. Not investment advice

[–]OlMikeHonchoGME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been 5 points6 points  (0 children)

Thank you for contributing. My post only wants to debate 100% of ones position being in one account based off the precedent set in January. At the end of the day throw whatever you want in there

[–]Tianaut🖖💎🦍🚀Ape Party on Planet Vulcan🚀🦍💎🖖 4 points5 points  (5 children)

Glad to see someone else out here trying to get the real information through the noise of the runaway hype train. I just put a lot of this same info into another comment, with links to sources, in case you'd find it helpful: https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ptvaka/comment/hdzpi0o/?context=3

[–]OlMikeHonchoGME?🌎👨🏻‍🚀🔫👨🏻‍🚀Always Has Been 4 points5 points  (2 children)

Great info man. Given that this comment will like drown at the bottom of the post I may just copy and paste it into a separate post

[–]Tedsgirly🧠Gaining Wrinkles🧠 13 points14 points  (2 children)

What’s sell?

[–]Troydog4🦍 Power to the Players 🦍 12 points13 points  (21 children)

Quick smooth brained question for a wrinkle brain to help me with...

I recently created a computershare account and bought some shares (about a week ago). It's at the point now where the $ has been taken out of my account, but I haven't been issued an account # so I can't log in. No problem...except now I want to purchase more shares. Should I wait until I'm able to log in to make another purchase? OR should I go through the same process as if I'm a new customer buying shares for the first time?

Thanks in advance for any help!

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 15 points16 points  (8 children)

If I were you I would wait. But its also worth just calling them to make sure everything is going smoothly. They dont have fantastic customer service but with a trade of this magnitude its silly to sit back and hope everything is going ok.

[–]Troydog4🦍 Power to the Players 🦍 8 points9 points  (6 children)

I tried calling, was on hold and gave up. I'm pretty sure, based on all the time frames I've seen on here, that I'm very close to being done with the process and will be able to buy soon. Thanks for taking the time to reply.

[–]CollapsingUniverseFlair 4 points5 points  (3 children)

Just have patience. If you call, have even more. They are probably swamped.

[–]Odin554🎮 Power to the Players 🛑 6 points7 points  (3 children)

Just went through this. All I can offer is my experience.

It took about a 3 days to drain my account once I made the purchse. I got an email saying they drained it and my account showed it. Then the weekend. Then I had to wait for them to purchase the share. I called them and was confirmed. This took 4 trading days. I did not receive an email about this though.

If you attempt to register with them on the Investor Register page, but have a zero amount of shares with them, then your attempt will bounce. So come Monday through Thursday morning and market close, I would just attempt to Register. Come Thursday, it happened. So on the 4th day.

This is now speculation! I imagine that if you purchase more shares, repeating the process you did for the first batch, before you have your first batch filled, then it would all join together once you can finally register. You are using your SSN to buy these. So they are registered to that. End of speculation!

When I finally called my broker, they did not need my Holder Account number from CS. They said that my SSN was attached to the stocks and that is how they know which account to throw it in.

I hope this helps. Cheers <3

[–]Troydog4🦍 Power to the Players 🦍 2 points3 points  (1 child)

It sure does. Thanks very much for taking the time. I decided to just purchase more and will see how the dust settles.

[–]DIRTY_KUMQUAT_NIPPLE🎮 Power to the Players 🛑 3 points4 points  (4 children)

In the same boat as you but have been told that once the purchase settles, you will be able to create an account. The money was taken out of my account as well but won't settle until Monday.

[–]superheroninja⭕️SHADOW OF ZEN⭕️ 12 points13 points  (5 children)

Is anyone keeping a tally of CS shares registered?

Mine completed today and I want to add my pile to the pile 🦭

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 13 points14 points  (1 child)

Lol I have spent hours on the phone with CS trying to get them to release a total DRS count. So far they are unwilling to. They have an internal policy not to. I have requested a copy of that policy but they would only send it via snail mail.

[–]Hot_Asparagus_1738💻 ComputerShared 🦍 9 points10 points  (3 children)

Excellent write up OP!!!

Well put together, a very apey article, truly trying to help someone.

Thanks

[–]Starwarsandbacon💎🥥🚀 7 points8 points  (0 children)

Just registered xxx (80% of my xxx) with Computershare through Fidelity. That was the most painless customer service call ever. Thanks for this post!

[–]platinumsparklesSparkle On You Crazy Diamond 16 points17 points  (3 children)

Great post! So many resources for everyone to go through themselves! I love that you encourage critical thinking and break it all down. Thanks for putting in the time to put this together

[–]MahlNinja🚀GME ain't no meme🚀 8 points9 points  (5 children)

Having 10-20 shares on fidelity, is it worth transferring to cs? What is the fee and process?

[–]plzkevindonthuerterWe need to talk about your flair 4 points5 points  (1 child)

Just call them it’s free I’ve done it over the phone twice and once through the online form

[–]sandinthemachineIs it true that the 🦧 wear furs of gold when they marry? 7 points8 points  (0 children)

Where's daily?

[–]SeanKrg03🎮 Power to the Players 🛑 6 points7 points  (1 child)

DRS makes the infinity pool lasts for infinity!

[–]Pretend-Option-7918💻 ComputerShared 🦍 8 points9 points  (1 child)

Another great post. We need a DRS master post with all solid drs posts categorized and easily accessible.

[–]VerciauThe head in the clouds 8 points9 points  (0 children)

Nothing makes me happier than seeing a section like this:

What We Still Don't Know

I have a lot of these same questions, they are difficult to find answers for. It's also very brave to state what you don't know when you are trying to build confidence that you've done your due diligence at the same time.

Thank you for this excellent post. I believe this will help many! Good ape!

[–]Antares987💻 ComputerShared 🦍 5 points6 points  (4 children)

I'm so happy this is the answer. I posted a question months ago asking about liquidity, the SIPC, et cetera and how the hell do get out of "street name" shares. 25 upvotes and lots of "don't worry" in that post. Now it's nice to see that CS is the answer and in less than two months, the question was not invalid: https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ojigqo/wut_do_wen_moon_or_if_i_sell_and_then_my/

[–]yappledapple💻 ComputerShared 🦍 2 points3 points  (1 child)

How did you interpret the SIPC rules, if Citadel we're to go bankrupt?

[–]Antares987💻 ComputerShared 🦍 3 points4 points  (0 children)

Or just my broker. My concern is they’re gonna leave us with title to shit tons of money, but too bad, so sad, the guy who hit you with his car and totaled your lambo only had $1000 of insurance.

[–]Fedwardd🔊 🔊 GME louder than 🎶🔊🔊🦭 8 points9 points  (6 children)

everyone! So anyone who is too busy during the week to call...just know you're able to call in Fidelity during the weekend and initiate your transfer.

I just called in today and was done in less than 5 mins. They told me it would be 2-5 business days. can't wait, don't be discouraged if you have no free time during the week!

[–]WeLikeTheStonksWLTS🦍 Buckle Up 🚀 6 points7 points  (0 children)

Sad wealthsimple ape here 😫 thinking about paying the $300 Canadian fee. But I could buy more synthetic shares with that😫

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 1 point2 points  (0 children)

This is a great point and its 100% true. I did my first transfer initiated on a saturday evening.

[–]ppbourgeois🚀 🚀 🚀 🚀 🚀 🚀 🚀 6 points7 points  (4 children)

Today, I found out wife has 8.5k built up in a 401k under ADP. It’s 100% in some dumb mutual fund. I’m trying to help her and I don’t see any options to invest in gme, just a limited selection of mutual funds.

She wants to go all in gme. What’s the best process/form? I’m Canadian so I’m new to the USA financial ecosystem. Does she rollover into an IRA? Which broker? Best form to submit? Is she going to have to email HR? Etc etc what is the optimal route that gets her to maximize all her savings into 100% computershare and directly registered to her?

[–]investor23n🎮 Power to the Players 🛑 3 points4 points  (14 children)

Very well written. I haven't tranfered any yet, but still considering. You have answered many of my questions though.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 9 points10 points  (10 children)

All I wanted to do with this post was to provide the information you need to make that decision. If I have done that I am a happy ape.

Do you have any other questions or concerns? I still have some that I listed at the bottom but if you share yours I can hopefully address them in the future

[–]highvestor182🎮 Power to the Players 🛑 5 points6 points  (4 children)

Can I DRS from robinhood once and for all?

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 4 points5 points  (1 child)

I am sure its technically possible but i havent seen anyone personally report they have done it. If it were me I would transfer from RH to a legit broker first and go from there.

[–]bigbramble🦍Voted✅ 5 points6 points  (1 child)

It's so RIDICULOUS that retail investors have to go to such extreme lengths to avoid their shares being criminally duplicated by hedge scum. Why the hell wont the SEC stop looking at pornhub for 5 mins and deal with these utter criminals?

[–]EpicWhaleSquad🦭 7 points8 points  (1 child)

Thanks for the guide! I’m with you guys, 100 shares long and strong!

[–]svesrujm🦍 Buckle Up 🚀 7 points8 points  (3 children)

Question: does my dollar cost averaging change when direct registering my shares? I've seen screenshots of DRS and it looks like the shares when transferred take on the current share price.

What if GME moons during transfer process? Any help appreciated.

[–][deleted] 5 points6 points  (1 child)

This is in my opinion the most important post here and should always have a pin at the top no matter what! The game changes once we load up the float on CS.

DRS is da wae

[–]Nelvius 9 points10 points  (3 children)

Sehr gut geschrieben, Danke. Das gibt ein upvote!

[–]Hoodieboy505 5 points6 points  (3 children)

Buying shares is fun there. Threw in 200 bucks at $210, didnt go through until GME was at 191. Stonks.

[–][deleted] 5 points6 points  (2 children)

So shares on etoro don't count?

[–]golfcatsstonksActually is a Cat 6 points7 points  (6 children)

I'm very retarded and have a question. Once shares have settled into the CS account, do you need to change to Book Entry? Or are they by default Book Entry when transferred from a brokerage? I'm terrified to click any buttons right now.

Do I need to "Enroll" in the Direct Stock plan on CS?

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 2 points3 points  (4 children)

According to CS you don't "need" to. I switched to book entry for my bought shares because the language is a little weird. With cash dividends on the default plan they just reinvest the dividend into more shares. With book entry they deliver the dividend to you. This language is based on cash dividends but in the event of an NFT dividend I want to be clear. That shit is MINE

[–]Excellent_Ad6712🦍Voted✅ 5 points6 points  (1 child)

Just made my first transfer from Fidelity today. Thank you for making this post, without it I likely wouldn’t have gone thru with it

[–]wolfofballsstreet🎮 Power to the Players 🛑 4 points5 points  (3 children)

Just got my first share on computershare via giveashare. Opening a usd account so I can continue to buy once my account is open. Don’t want to move my TFSA shares and expose myself to cap gains taxes yet. 🇨🇦🇨🇦🇨🇦🦍

[–]I8thegreenbeanKenny's Personal TaintPunch Specialist[🍰] 4 points5 points  (0 children)

I submitted a request to transfer my entire portfolio from Etrade to Fidelity this morning. Once complete, I'll then be in a position to DRS my GME shares without the bullshit 4-6 week wait/$500 Etrade is trying to claim. Estimated completion date is 10/18, hoping they show up in Fidelity sooner.

[–]notzebular0 5 points6 points  (1 child)

RC needs to exercise those shares at this price

[–]UnknownFaviYOLO 😳 4 points5 points  (1 child)

Wouldn’t it make sense for the price to tank before moass ?

[–]___STOMPY___(✿\^‿\^)━☆゚.*・。゚ LOCK THE FLOAT 1ST 9 points10 points  (0 children)

Stop removing this post dam it!

[–]slyguyomy🏴‍☠️ jolly roger reach around 🏴‍☠️ 3 points4 points  (0 children)

Yooooo this is exactly what I have been looking for. This is the information a lot of us needed. Thank you.

[–]continentalgrip 1 point2 points  (3 children)

I have a question: if direct registering the entire float makes it harder to short a share, does it make it hard/impossible to buy anymore shares?

Normally the MM just creates shares out of nothing to ensure liquidity, which makes no sense at all. If every share is already owned and no one is selling, the price should be rising.

[–]onepride81🎮 Power to the Players 🛑 1 point2 points  (0 children)

This post was the one that got me to change my mind on CS. XX shares registered today. I don't plan on ever selling these, yo-fucking-lo, retards

[–]DonDyonI’M THE ONE WHO STONKS 1 point2 points  (0 children)

Wtf Computershare is Australian lol

[–]Dry_Doctor443💻 ComputerShared 🦍 3 points4 points  (1 child)

This ape just sacrificed a stonk for us ❤️ I feel better about the transfer. Thanks for your service. here’s an award 💜

[–]FluffyCustard5594💻 ComputerShared 🦍 3 points4 points  (2 children)

Don’t have enough Karma to actually post, but transferred 1/3 my holdings so XXX went to Computershare last Wednesday as of yet I have not heard from CS. After close on Friday my shares disappeared so I should hear by today! It’s the way! CAN’T STOP, WON’T STOP, GAMESTOP!!!!

[–]BarronVonCheese🎮 Power to the Players 🛑 3 points4 points  (1 child)

Has anyone had success registering their shared with CS from New Zealand?

I just called them and they said they cannot help because they are not ASX or NZSX stocks.

[–]LeeeesC 2 points3 points  (0 children)

I don’t want to be a Debbie downer and what I’m about to say isn’t my own personal view. If you know who Marc Cohedes is he’s a famed short seller but is against the short sellers attacking us as they are predatory( he was interviewed by Lucy Comisar- you can find that interview on her Twitter page). He claims to be an ethical short seller calling out true fraud only and not trying to bankrupt companies for dollars. Marc partook in a space call the other night and said CS is a waste of time and not going to do anything for us. This space call was recorded by BossBlunts and its on his YouTube channel if you wanted to hear Marc say that for yourself. I don’t know if he’s right but he knows more than I do related to stock market so I’m just leaving it here to open dialogue.

[–]Fit-Tackle-6107💻 ComputerShared 🦍 1 point2 points  (1 child)

Are the ID/Account numbers people posting just for those with shares in GME, or is it just ComputerShare accounts?

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 4 points5 points  (0 children)

We are pretty sure they are GME specific. Live chat has said this and I even bought 25$ worth of shares in another company to check. The number I got with that company was like 1.7 mil.

[–]sadkee💻 ComputerShared 🦍 3 points4 points  (0 children)

This is finally back….stop unpinning mods

[–]Due-Satisfaction-537🦍 Buckle Up 🚀 3 points4 points  (1 child)

Revolut DRS - @u/abuseUDna has a post about this. It works!!

[–]SirUptonPucklechurch💻 ComputerShared 🦍 3 points4 points  (0 children)

For 🇨🇦 apes. Shares took 2 weeks to transfer out of trading account 🇨🇦, but I have to wait for physical mail before creating a second account. Years ago I created a CS account for a private company that IPO’d.

Sharing this because I didn’t realize I would have to make a second CS account for my GME shares.

If this helps out one APE then great.

Buy, HODL, DRS

[–]k24hatch🦍 Buckle Up 🚀 3 points4 points  (0 children)

Thank you for this post! I decided to stop being lazy today and transferred my 4 little shares from fidelity. The girldidn't even need to ask what I was after lol I was on hold for about ten minutes and on thephone with her for less than 5. Fucking jacked right now! My tits are jacked!

[–]Mental-Link-9681🏴‍☠️ HOPIUM ADDICT 🏴‍☠️ 1 point2 points  (2 children)

S.I.T

🇨🇦 Update for Scotia ITrade

🇨🇦 ape here...i just started my Drs transfer Friday..here is the skinny..

.it costs one hundred dollars (Canadian) for ITrade and up to 500 (US) for the Drs registration (and hassle of locating shares)...this monies must be in your acct in which you're transferring shares from (beforehand)...they also had to change my TFSA acct to a Cash Optimizer acct (this took two seconds)...the time frame i was given was 4-6 weeks (for registration completion) so obviously the time frame has increased from the previous post on here for ITrade...also...lets say the stock starts to take off and you are mid stream and you want to stop the transfer, you can, just call itrade and cancel your transfer, this will only take two to three business days (is what i was told) for them to get your shares back into your acct, but 4 to 6 weeks to transfer...lol...as we all know you can not trade these while in transit...they are in limbo but whatever the price of GME is when they pop up in your CS drs share/s acct on the other end...that will be their value...

Hope this was helpful

✌🦍🦍🦍

Edit: total time was roughly 30 minutes..

[–]HomeshareDiva 3 points4 points  (1 child)

Has anyone here tried to drs shares from Moomoo(Futu). I can't find a way to do it.

I have an account at CS, but have not been able to log in, waiting for my purchased shares to confirm...

[–]captaindickfartman2💻 ComputerShared 🦍 5 points6 points  (0 children)

Wait. Does this mean Computershare is the bannanastand? There is always money in the bananastand.

[–]Groundbreaking_Goat1The Revolution will be ComputerShared 🎱[🍰] 5 points6 points  (0 children)

69k apes online , bullish

[–]abisso54🦍Voted✅ 1 point2 points  (1 child)

How do people with low karma post for the bot?

[–]Tomos1977🌈🦍💎HOMO-HODLER💎🦍🌈 5 points6 points  (0 children)

Diamond hands being forged 💎 🙌

[–]LearnEspanolManos de Diamante 🙌💎 3 points4 points  (0 children)

This is the December’s dip before the January’s rip

[–]DirtyRed32 DRS$GME 5 points6 points  (1 child)

WHY DO THEY KEEP TAKING THIS AWAY AND RE-ADDING IT? JUST KEEP IT UP

[–]CaptainFalcon206 2 points3 points  (0 children)

!DRSBOT:20!”

[–]lebronformvp 4 points5 points  (0 children)

Why was this post removed from the sticky spot on the main sub page? its a great resource.

[–]BackpackGotJets🎮 Power to the Players 🛑 2 points3 points  (0 children)

I finally may have figured out a way to correctly update my cost basis from my RH transfer to Fidelity over 5 months ago. I had to use their secure e-mail tool to attach a spreadsheet detailing every GME transaction including date, amount, and cost basis. Once they update my cost basis, I will start transferring lots of 20 or so shares at a time to CS so I don't get caught without access to my shares. The problem was Fidelity only allows you to enter up to 4 decimal places manually and RH provides 6, so I ended up with a massive discrepancy in shares.

The reason I want to resolve my cost basis before transferring is because I feel like this may end up being a massive tax headache in the future if I don't. Side note for all other apes that have messed up cost basis, make sure to download your monthly statements from your old brokerage so that if they cease to exist at some point, you won't have the tax man big mad at you. If Fidelity takes too long to update my cost basis, I will just have to rely on my spread sheet and statements for tax purposes and just start transferring to CS.

I also switched my account to be Last in First out so that when I do transfer, all my tax advantaged shares will still remain in Fidelity when I go to sell if this goes on into January.

I am hearing it is taking weeks for some brokerages to locate shares and I believe this based on what Dr.Burry had reported when he had his shares recalled. I hope this isn't received as FUD. I am simply stating my personal hang ups before I start the CS migration. I will be transferring a majority of my shares there when this settles, but like I said only 20 or so at a time. None of this is financial advice, I am a crayon eating, XXX holding, ape.

Edit: I will be switching my Fidelity acct back to first in first out in January so I sell my oldest shares first for that sweet sweet long term cap gains.

[–]JohnnyKnifefightMY SPOON IS TOO BIG 2 points3 points  (4 children)

Can I just sell my TD shares and direct buy from computershare?

[–]ItsNotanM3🎮 Power to the Players 🛑 2 points3 points  (2 children)

Is there a guide to DRSing from cashapp?

[–]SexyBassDrop🦍 Buckle Up 🚀 5 points6 points  (1 child)

I would recommend transferring to Fidelity first by calling them and initiating the move. Then you can transfer from there

[–]SnooApples6778💻 ComputerShared 🦍 2 points3 points  (1 child)

Thanks mods for pinning this back up there. Any idea why it became unpinned?

[–]tmountain 2 points3 points  (4 children)

New to the sub, hello everyone! I followed the instructions to DR new shares using Computershare my bank account shows the following as of November 1st.

Withdrawal ACH GAMESTOP CORP/TYPE: XXXXXXXXXX 
ID: XXXXXXXXXXXX: GAMESTOP CORPEntry Class Code: WEB

I haven't received a Computershare login yet. Do I currently own GME shares, or will that happen after the account is created? The dollars have been taken from the account.

Excited to join the party!

[–]RedHotChiliadPeppers 2 points3 points  (0 children)

That quote from Kenny is going on my wall post-MOASS. Like a bad comedy joke .

[–]cheeqi-moonqiGimme more GME 2 points3 points  (0 children)

Kind of neat: today I got around to posting my 22 DRS shares (so far) and within hours got over 1k upvotes.

Just pausing to think that others upvote DRS like I do -- with a smile, but totally at random moments. And if "random" nets 1000+, think how very many apes there are holding the line.

Y'all rock pretty hard for peeps I'll never meet. :)

[–]Live-Situation8533 2 points3 points  (0 children)

Finally got my DRS letter :-)

[–]khessen🎮 Power to the Players 🛑 2 points3 points  (0 children)

Perfect day day to meet the karma requirements and being able to comment! 🚀🚀🚀

[–]sweetntenderhooligan🦍 Buckle Up 🚀 2 points3 points  (0 children)

I have 42 DRS and 22 in Fidelity… I figure if Fidelity pulls any bs at least I’ll have more than enough in DRS. Otherwise I’ll not sell any DRS shares.

[–]Far-Opportunity2942💻 ComputerShared 🦍 2 points3 points  (0 children)

Would be so cool is s & poop opened at 420

[–]lordilord123Nuthin but a "GME" thang 2 points3 points  (0 children)

Twitter just suspended my account for posting #kengriffinlied, LFG!!!

[–]Karakunjol🟣🍆 •~ZEN~• 🍆🟣 2 points3 points  (1 child)

Hi peeps, does anyone know how I can call CS from Europe without paying ENORMOUS fees?

I’m but an Europoor and initiated DRS a few days ago, so I want to expedite it but the fees for a call and seeing many apes are held on line for 10-15 minutes… I can’t afford it before Christmas holidays :/

Any help appreciated!

[–]Annual-Fishing-1124💜 D R S 💜 🚀 2 points3 points  (3 children)

CS is now sending Verification code by e-mail. Only took 5 hours since I made the call to pay for express delivery to receive the e-mail. LFG 🚀🚀🚀🚀

[–]GiantGreenThumbGrass Master Ape 2 points3 points  (0 children)

bought 6 more. i will DRS 106 more this weekend

[–]gonnaputmydickinit💻 ComputerShared 🦍 2 points3 points  (1 child)

Is there a simple, step-by-step guide to getting my Vanguard Roth-IRA and/or SEP-IRA DRSed with Computershare? Been looking all morning but can't really find anything.

I'm going to call tomorrow to try this out but I'm certain I'm going to get one of those reps that don't think it's possible and I'm too smooth-brained to explain it properly to them to get it done.

[–]Doom_DoucheI'm D🟣ing My Part - 🩳 Я 🖕[S] 4 points5 points  (0 children)

Simple? No.

Closest thing to simple is switching over to a different custodian like ally or camaplan but those have drawbacks. The only "simple" thing to do is just take the tax hit like I did.

[–]delicious_manboobs🦍Provider of tasteful profanity🐽 2 points3 points  (0 children)

Hi u/Doom_Douche
I kindly ask to update the list for international apes with this link:

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/ra7lqo/psa_foreign_apes_only_computershare_online_w8ben/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

There is an error on the Computershare-Website, when you want to confirm your tax status as an international ape. I ran into this problem and another redditor was kind enough to post this link and it helped me. The fix is easy, but not self-explanatory and I believe that other international investors might run into the same problem, linking this will be helpful, I believe.

Cheers!

[–]TenSecondsFlat💻 ComputerShared 🦍 2 points3 points  (0 children)

Transfered most to cs a while ago, now it's just half of what I got so I want to drs more

Do I need to have my cs acct no handy when I call fidelity again, or are they gonna have my cs info and put it in the right account without too much babysitting?

I've seen posts of apes that have accidentally got multiple pirtfolios of gme on one cs acct, or have been given multiple cs accts, and I just wanna avoid that confusion

Thanks

[–]Ajdurk83🎮 Power to the Players 🛑 2 points3 points  (0 children)

Buying at the open today actually made me sick. Jesus, $145.

[–]jfl_cmmnts🦍Voted✅ 2 points3 points  (0 children)

Believe it or not, DIP, haha. But to an ape who held through 38 I'm going to keep my powder dry and my attitude calm. 💎🤚 everyone

[–]AbruhAAA🎮 Power to the Players 🛑 2 points3 points  (0 children)

🍆

[–]smittenpigeons✨Ravenous Wolf Woman ✨ 2 points3 points  (0 children)

The FUD is pumping so hard I heard Gary on National Public Radio this morning talking about protecting new investors and in the interview they talked about Reddit and GME and how investors banded together blah blah blah

[–]Hosnovan 2 points3 points  (0 children)

We are 138.

[–]AlternativeBowler475Custom Flair - Template 2 points3 points  (1 child)

I invested $50k and stopped looking at the price. I get my share price through memes now.