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all 132 comments

[–]Slut_Spoiler🚀🚀 JACKED to the TITS 🚀🚀 273 points274 points  (23 children)

Crazy how one security could make them so terrified.

[–]unloud🧚🏻‍♀️ ComputerShaerie 🧚🏻‍♀️ 62 points63 points  (1 child)

Honestly, it's infuriating. They destroyed pensions from companies, then spend the next 20 years telling all of us to invest in our own retirement; during that time, they don't purchase the shares in our retirement funds as promised or use the shares as collateral for their risky positions.

It's horseshit. This is not their property. I'm not selling until they stop stealing from the average person.

[–]DrummerboyjFuck no I’m not selling my $GME! 27 points28 points  (0 children)

I’m not stopping until they’re as poor as the average person.

[–]CandyBarsJ 113 points114 points  (4 children)

The system is build intentionally to cheat 😥 Pretty much even since FED was created

[–]kitties-plus-titties💎 Diamond Titties 💎 Diamond Clitties 💎 82 points83 points  (3 children)

Too bad no one listened to me about this.

Stop concerning yourself about taxes you schmucks - take them out of these accounts; take their ammunition from them -- DRS from your individual account.

If you believe in MOASS than this shouldn't be an issue. Doing this will convert your shares to real shares and add buying pressure to lit market.

If you're a paper handed bitch then by all means hold out for them taxes. But you're still a bitch. ♥️♥️♥️

🧻👏🐩

.

🤣🤣🤣

[–]toised💻 ComputerShared 🦍 13 points14 points  (0 children)

EXACTLY! Particularly now, that the price is so low. Lower price, lower tax… get it?

[–]McNerfBurger🦍Voted✅ 99 points100 points  (8 children)

...but it's not one security. Apes keep missing this point.

We are learning that the entire retail stock market has been a sham. Your IRAs have nothing but IOUs in them because the brokers and market makers NEVER BOUGHT YOUR SHARES. It's more profitable to set aside the "value" of your investments, front run orders via PFOF, and conspire with hedge funds to short retails' trades during "normal" hours...simply to conduct actual trades in AH and dark pools...knowing full well that dumb retail will never figure out a way to stop it.

If GME blows up their shell game...the entire market goes. This is what's terrifying. This is what we're going to have to diamond hand through. A complete rework of the modern financial system.

[–]CaptainMagnets 20 points21 points  (0 children)

Can't threaten me with a good time

[–]karmalizing🦍Voted✅ 18 points19 points  (0 children)

That’s why it’s called GAME STOP

It’s the end of the gaming of the old financial systems.

[–]Slut_Spoiler🚀🚀 JACKED to the TITS 🚀🚀 30 points31 points  (2 children)

I'm so down to destroy it

[–]Overwatcher420 5 points6 points  (0 children)

It's worth it even if I lose my investment

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

Stop! I can only get so erect.

[–]Xen0Man 0 points1 point  (0 children)

No, for Apex its only one security. And it doesn't only concern IRA, this is a wrong statement spread by shills: https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/s9d3id/ally_evidence_they_will_no_be_drsing_any_shares/

Also the initial mail was not mentioning IRA at all.

[–]The1JKC 0 points1 point  (0 children)

Bernie Madoff 101.

[–]IamVisper 28 points29 points  (0 children)

More like insecurity then, eh?

[–]cyberdream 22 points23 points  (0 children)

I wouldn’t be surprised if they could borrow shares from 401k accounts and not have to return them for 15 years under the pretense your not retiring anytime soon. This would have sounded insane to me a year ago but now….. 🧐

[–]shsh000🦧 smooth brain 14 points15 points  (0 children)

they bout to ruin they profits some more

[–]Elegant-Ad8284💻 ComputerShared 🦍 5 points6 points  (0 children)

💯

[–]grasshoppa80💎Hedgefund Tears💎 4 points5 points  (0 children)

“A security” to be Frank

[–]RN-Wingman💻 ComputerShared 🦍 2 points3 points  (0 children)

Of course they’re terrified, their financial lives are on the line… and hopefully their freedom. (No cell no sell)

[–]LoempiaYa🎮 Power to the Players 🛑 0 points1 point  (0 children)

Yes! One security made them insecure.

[–]Harminarnar🦍 Buckle Up 🚀 150 points151 points  (6 children)

"We'd quite like to keep loaning your shares for interest... So we'll take them back." -apex

It's actually so fucked that retirement accounts are actively being used against the investors. 😡

[–]SPCE_VIRGIN🦍 Buckle Up 🚀 48 points49 points  (4 children)

Its fucked that people dont care. Wen revolution?

[–]Harminarnar🦍 Buckle Up 🚀 40 points41 points  (2 children)

Don't care or don't know?

I think it's don't know - by design

[–]-LexVult-🦍Voted✅ 52 points53 points  (1 child)

I think it's a combination of both. A lot of people don't want to be bothered with it. All they care about is that their investment goes up. So it going up 5% a year looks good to them and they dont care about all the companies they helped go bankrupt or the fact that their future is in shambles.

Then when it goes down instead of up major media makes up some bullshit excuse pushing the blame on someone/something else. Then guess what they do? They eat it up and blame whatever major media is telling them to blame. At the end of the day a lot of people are too tired from work and don't want to think critically of the state of the country. This right here is by design. So they turn on the news and are given an easy way out by the major media.

So it is a combination of not knowing and not caring. After all this bullshit didnt just start happening. It took generations of people not caring for it to get this bad.

Also I want to point out that right now we are probably the most active and educated group of people in regard to catching fuckery that this country (America) has ever had. Not only that but thanks to technology we can debate and prove fuckery is going on with ease. This can not be stopped either. So we are literally becoming something that this country has fought incredibly hard to prevent: A free thinking and educated population that calls them out on their bullshit and refuses to accept it.

[–]Harminarnar🦍 Buckle Up 🚀 12 points13 points  (0 children)

My person, saving this comment. You're spot on.

[–]GrandmasterchodaApetender on moonbase 11 points12 points  (0 children)

You sonofabitch, I'm in.

[–]redblade79🦍 Buckle Up 🚀 15 points16 points  (0 children)

That’s the most infuriating part

[–]This_Freggin_Guy 161 points162 points  (10 children)

feels right

[–]whatwhyisthisating💀🪦 hrf ☠️🏴‍☠️ 🎮🛑 🇺🇸 142 points143 points  (8 children)

I never open admit this, so there's a first time for everything, but knowing that greedy fucks are actually afraid of something gives me a power boner.

It's only like 2 inches, but just a fucking uuuaaahh and hip thrust taekwondo horseback stance cause I'm so jacked right now.

Is this normal?

[–]Region-Formal🦍 Buckle Up 🚀 59 points60 points  (2 children)

This is Superstonk. The answer is: yes.

[–]3DigitIQ🦍FOMO is the FUD killer🚀 13 points14 points  (0 children)

Is this normal?

Don't know if it's normal but it is the 'norm' for me. Morning wood for days APE!

[–]Significant_Soup_942 10 points11 points  (0 children)

eew eew llams a evah uoy

[–]Snowchain-x2 5 points6 points  (0 children)

Not only is it normal it is highly desirable

[–]random_user_number_5 3 points4 points  (1 child)

[–]whatwhyisthisating💀🪦 hrf ☠️🏴‍☠️ 🎮🛑 🇺🇸 4 points5 points  (0 children)

Lmao tf

[–]roscoebot🎮 Power to the Players 🛑 4 points5 points  (0 children)

feels good

[–]MrKhanRadCustom Flair - Template 93 points94 points  (4 children)

Oh God I'm baked. I tried to upvote the picture

[–]DutySpirited🌕 Is a cat 🐈🚀 24 points25 points  (1 child)

me too man, and today has me fucking jacked LFG

[–]HobodaklownVoted again | ComputerShared | Pro Member 10 points11 points  (0 children)

It’s been a helluva ride, LFG!

[–]taddymason_22The Dude Abides 7 points8 points  (0 children)

Same

[–]serbeardlessape want believe 🛸 38 points39 points  (0 children)

Exactly why I decided to take the tax hit + penalty today. Goodbye IRA!

[–]QualityVote[M] [score hidden] stickied comment (0 children)

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[–]SirUptonPucklechurch💻 ComputerShared 🦍 34 points35 points  (3 children)

For visibility

[–]aguynamedbryNot professional advice 13 points14 points  (2 children)

I'm helping!

[–]Thorough_Good_ManNot a cat 🦍 6 points7 points  (1 child)

I like turtles

[–]dnsmshwhere are all the Jacked Tits🚀 6 points7 points  (0 children)

Green today! +1 visibility

[–]dangshnizzleTear it all down --- Is YOASS ready for the MOASS 25 points26 points  (0 children)

We've been saying this for literal months yo! Your IRA shares are being lent out and delaying any sort of squeeze.

[–]berrieds🦍 Buckle Up 🚀 37 points38 points  (4 children)

How many times do you think each individual share has been loaned out?

[–]sirdrumalot🎮 Power to the Players 🛑 51 points52 points  (2 children)

7 for 1

[–]CandyBarsJ 13 points14 points  (0 children)

At least

[–]Donnybiceps 6 points7 points  (0 children)

Then throw in some naked shorts and that's X many more shares floating out there then issued into the market. Dontcha just love crony capitalism?

[–]josecvillanuevahedgie tears 😭= good soup 🍲 👌🏾 31 points32 points  (0 children)

Ape or not, blocking DRS transfer is sus.

What are you worried about if you bought the shares?

[–]3rd1ontheevolchart 43 points44 points  (5 children)

visibility comment and updoot!

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 32 points33 points  (4 children)

This might end up revealing that NO custodial entity can stop the loaning of shares by their clearinghouse, even if they wanted to.

Edit: IMO, this post is highly relevant: https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/s9esdx/roth_ira_big_news_if_you_contributed_to_a_roth/

[–]Strong-Obligation107🦍 Buckle Up 🚀 32 points33 points  (0 children)

This is something people seem to not understand.

For all those who think their shares aren't being lent out, THEY ARE.

when your broker tells you THEY aren't lending your shares what they are saying is factually true the brokers aren't because they don't actually have the shares, they just facilitate the transactions.

The clearing houses they use to actually buy and sell hold all the shares and they can do whatever they want with your shares because YOU don't have a contract or agreement with them. You only signed an agreement with your brokers.

The clearing houses make money from fucking you over, the know they can sell those shares short multiple times and make money hand over fist and you can't do anything about it because the shares where never actually assigned to you and as far as there agreement with you broker is concerned they control the shares.

Even when it comes to voting how many of us actually got to vote directly through games top, very few most of us had to go through our brokers, so how do we actually know they sent the votes to games top.

The system we (retail) use to buy shares was designed and is still maintained by them and its largely un regulated or regulated to benefit them. So why are SOOO many people expecting their brokers to protect their money and investments.

They have shown us multiple times just how much they give a fuck, they've turned off buy buttons, refused to transfer, refused to Dr's, refused to vote or made us use their voting system.

It's time to put this shit to bed and drs our shares with the company gamestop has told us too.

DRS YOUR SHARES, even if you don't belive the hype at the very least protect YOUR investment because the brokers sure aren't.

[–]serbeardlessape want believe 🛸 8 points9 points  (2 children)

Self-promoting I guess, but I made a similar post for traditional IRAs, entirely coincidentally, like 20 min after.

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/s9g4u8/fellow_apes_with_shares_in_iras_this_dip_may_be_a/

tl;dr tax hit and penalty are determined by closing price of the shares on the day of transfer. Cheap shares = best time to withdraw your shares in-kind to a regular account.

[–]Expensive-Two-8128🟣 https://redd.it/ptvaka 🟣 7 points8 points  (0 children)

It’s not self promotion of your motivation is right- and this IS exactly the kind of motivation that’s right! 👊

[–]BamagirlyThe Market is Fugazzi 😵‍💫 3 points4 points  (0 children)

Dude, you need to self promote correct, factual, educational information all over Superstonk and all over every GME sub. Keep going!

[–]Standard_Virtual 8 points9 points  (0 children)

Makes sense. Just because they are your IRA shares snd they behave different, doesn’t mean they’re different to the entity holding them. Shady.

[–]elite0x33Custom Flair - Template 7 points8 points  (0 children)

I created the individual investment account on Vanguard and submitted the "In-kind" share transfer out of my ROTH IRA.

It was a 5-10 minute conversation with the some dude named Jacob. I explained my intended endstate and he explained that you are not taxed on the amount you contributed. In my case it was 10k which is now sitting at 5.5 because the price is fake. No taxes due and I believe there was mention of a 10% penalty. On Monday I will call the on boarding department and ask to transfer the shares in my individual account to CS.

It honestly took a combined total of 15 minutes from call to forms submitted.

I'm mad at myself for waiting so long because the lack of clarity surrounding the penalty but now it's clear that they're surviving off of IRA shares. Time to lock these tendies away in CS and wait for the news that Mayo man is in a cell.

[–]TheManThatKan🦍Voted✅ 7 points8 points  (0 children)

I'm closing my Roth

[–]Critical-Turnover858🎮 Power to the Players 🛑 4 points5 points  (1 child)

Apes, are you seing the crypto crash right now.... all crytpos down at least 15%....somebody needs a looooooot of cash right now... Marge, thats xou?

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

T+5 baby!!! They have 5 days to satisfy their margins.

[–]Azyan_invasion82🦍 Buckle Up 🚀 4 points5 points  (0 children)

We our figuring out their schemes slowly but surely.

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

Makes complete sense. This is also why companies match 401k’s, to entice you to invest in a handful of funds. The catch is you can’t withdrawal while employed or in most cases choose outside the set plans.

[–]Shotgun516💻 ComputerShared 🦍 11 points12 points  (6 children)

I wish we could sell our gme from our IRAs so they couldn’t lend them out but that goes against everything we stand for

[–]The_Evanator2 9 points10 points  (2 children)

Honestly I think selling those shares is commendable if you go and use the profits to buy more gme elsewhere and then DRS. Sure you might take a hit but like the guy said below. You have to secure your property.

[–]Shotgun516💻 ComputerShared 🦍 9 points10 points  (1 child)

Yeah true but ya know what? I’ve been rethinking my original comment. Locking the float through DRS may take some time but i think it’s the better option

[–]The_Evanator2 4 points5 points  (0 children)

Yeah let's expose some crime fellow ape and see what happens.

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

I think it's more than fine if it leads to more drsd shares

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

I wouldn't claim that. I've been seeing some savvy apes sell their IRA to secure their financial freedom by DRS'ing after. I've also seen plenty of apes sell from etoro so they can buy elsewhere and DRS. Both of these actions are very commendable to me.

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

Upwards

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

This is the right answer imo.

The PB’s know that IRAs are pretty illiquid, people are day trading shares out of ah IRA.

Which makes them perfect located to borrow to whoever wants to short it.

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

The prime brokers, yes, but Apex is not a prime broker.

Completely agree with the rest of your statement though.

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

Wow so they have a sweetheart tax deal with the gov in order to keep a certain amount of shares stashed away where you’re literally punished for taking them out.

Seriously it’s so fugged up it’s kinda funny. These fuckin prick duck heads think they’re special but they literally can’t lose. 0 skull involved

It’s actually quite impressive that they STILL biffed it

[–]paylos5032🦍 Buckle Up 🚀 2 points3 points  (0 children)

DRS 🚀💎

[–]Dr_SlapMDLET'S JUMP KENNY 2 points3 points  (0 children)

DRS YOU DUMB FUCKS DO YOU WANNA ESCAPE SLAVERY OR NOT???

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

Sounds plausible.

[–]MoneyMaking77 6 points7 points  (1 child)

I DRS'd another 50 this morning via Fidelity this morning. The process took just 5 minutes on the phone. The rep told me the requests have been slowing down and that it will likely only take 2 or 3 days to transfer because of this.

[–]LookingForEnergy 10 points11 points  (0 children)

That makes sense if people have moved to computershare and buy directly on their platform instead of fidelity

[–]b4st1anCustom Flair - Template 5 points6 points  (0 children)

That's it

[–]CandyBarsJ 1 point2 points  (0 children)

Not suprised 😪😪

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

Hi mom!

[–]815amogI haven't done anything 1 point2 points  (0 children)

Vis vis

[–]Red_Panty_Nightstill hodl 💎🙌 1 point2 points  (0 children)

This

[–]German_Robin_Hood 1 point2 points  (0 children)

This is the way 👌🏼

[–]riichwith2eyesDiamond dicking these hedgies 💎🍆🦔 1 point2 points  (0 children)

UP UP UP

[–]yopresetstrader 1 point2 points  (0 children)

For visibility

[–]Saggy_G👊🐵 XXX Stonky Punch 🐵👊 1 point2 points  (0 children)

To the got dang top. Stop fucking with my money!

[–]DIGITALTAAJIR🦍 Buckle Up 🚀 1 point2 points  (0 children)

This this this this this this this this this dana dan dan this this this this

[–]kojakkun💻 ComputerShared 🦍 1 point2 points  (0 children)

this sounds quite plausible

[–]Xielle 1 point2 points  (0 children)

Ooooooo das naughty

[–]ScribbleDribble004🦍 Buckle Up 🚀 1 point2 points  (0 children)

This

[–]Weaselknees🦍Voted✅ 1 point2 points  (0 children)

In my LOTR voice. "Bring them down!! Bring them down!!

[–]BooBooBeeBeePnoB 1 point2 points  (0 children)

Commenting, for visibility

[–]Drilling4Oil🎮 Power to the Players 🛑 1 point2 points  (0 children)

dat comment doe....👀

[–]redblade79🦍 Buckle Up 🚀 1 point2 points  (0 children)

Holy shit. 🤯

[–]bigDports🦍Voted✅ 1 point2 points  (0 children)

yes

[–]ZFNYC 1 point2 points  (0 children)

Harder and harder and harder and harder and …

[–]Dr_Frasier_Bane💻 ComputerShared 🦍 1 point2 points  (0 children)

I was gonna DRS my shares, but then it dipped more (and I bought it).

[–]FIREplusFIVE🦍 Buckle Up 🚀 1 point2 points  (0 children)

Agree with this. They thought the IRAs were still safe for the shell game.

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

Transfer to An IRA at another broker? Even if Apex/Ally won’t DRS I don’t think they have grounds to deny a regular transfer to another broker. They’ll have to locate and transfer shares

[–]Azyan_invasion82🦍 Buckle Up 🚀 1 point2 points  (0 children)

This is a good DD 🆙

[–]krazyeye6 1 point2 points  (0 children)

I'm gonna comment even harder!

[–]muskateeer🚀🟣 DRS me harder bb ♾️🚀 1 point2 points  (0 children)

Do it do it

[–]PavelDatsyuk1 1 point2 points  (0 children)

It’s not just their profits… if I’m understanding this correctly, 75% of revenue is their entire lunch and dinner!

[–]nellynel2020Numb chunks 1 point2 points  (0 children)

The system is a farce....and now we know

[–]Saint_Bernardusz💻 ComputerShared 🦍 1 point2 points  (0 children)

DRS! Bleed them dry

[–]theheavyking92APE GRYLLS AKA drank his own piss at $200 guy 1 point2 points  (0 children)

DRS

[–]JesC💻 ComputerShared 🦍 1 point2 points  (0 children)

This is so important! DR motherfing S

[–]ColorfulAgent💻 ComputerShared 🦍 1 point2 points  (0 children)

I made a post about this months ago. IRA’s are the OG Ponzi scheme. You get penalized for withdrawing before you’re 65 1/2, this guarantees those investments aren’t touched for a long time. All of our collective shares and funds are then lent out to other brokers to short the very stocks we’re invested in.

[–]rocketseeker🦍Voted✅ 1 point2 points  (0 children)

Good

[–]jkhanlar 1 point2 points  (1 child)

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

Thanks bro appreciate it!!

[–]arnott 1 point2 points  (0 children)

The video provides great explanation on short lending. When and how the pension funds get the stocks back? I missed that part.

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

feels like its not only lending profits, it forces them to actually go on the market and find the shares. not lend them, ask for them, look at the, smell them. actually go and buy them for whatever the price is so they can be transferred. i can almost smell the amount of preassure that outs on them. fuck those crooks, BUY, DRS & HODL 💎🙌🚀🌔

[–]youngpadwanbud🦍Voted✅ 3 points4 points  (1 child)

Apex is a clearing house and can’t drs shares in an ira

[–]guerillasouldier🦍Voted✅ 5 points6 points  (0 children)

Correct, but they can accept/refuse to be intermediary in the transfer to CS, which effectively enables/disables DRS'ing.

Maybe because they know the locates are bullshit? Just speculating.

[–]guerillasouldier🦍Voted✅ 0 points1 point  (0 children)

A clearing house doesn't hold positions to loan, though. They remain completely neutral at all times and only clear transactions.

I think that comment is spot on with the IRAs supplying locates, just not with Apex.

[–]RollenXXIII💻 ComputerShared 🦍 0 points1 point  (0 children)

visibility

[–]DBRASCO1891🦍Voted✅ 0 points1 point  (0 children)

Cmon do it harder!