Just a thought experiment, but what if the share dividend causes the price to decrease after the Ex Dividend Date (say 7 for 1 to approx. $20 / share) and then we, Apes, buy the remaining float and DRS it before the Dividend Payable date?
Yes, shares obtained after the Ex Dividend Date are not eligible for the share dividend, but wouldn't this prove 100% shenanigans at the DTCC?
--Free Float-- 100% DRSed at a point in time between Ex Dividend Date and Dividend Payable Date.
Then after Dividend Payable Date, theoretically only the shares via dividend will exist in DTCC for brokerages, Rest are DRSed.
Posting here since I don't have enough karma on reddit!