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Context? Looks interesting.
All have gone through! I'll admit to being kinda disappointed that nothing went wrong but it's also a lot of fun to add another X to my title.
Computershare partially processed. Still no action on Vanguard and Schwab.
Some apes are working to see if this is possible but from what I can see it's largely undetermined at this point.
If you find a way you'd be trailblazing, so let everyone know if you do.
Ok here is how to get your account number in CS:
Go to your portfolio on the main page, open the dropdown to one of your holdings till you see "Actions".
Select '"Transfer Shares'.
A screen will pop up that has your account number on it.
Is there a DD on that? I can't even imagine what a shitshow it would be if the CS Ark sails off and leaves all the broker holders stuck with millions of fake shares in DTC.
As much as I hate our broken courts, I pity their trying to make sense out of a case with that sort of mathematical impossibility.
Did they drop any additional dirt? I think we should all be probing the representatives a bit each time we talk to them. See what leaks out.
It sucks that there is a delay, but the upshot of it is we know for sure there will be a steady flow of transfers over the coming weeks.
As long as it's in this under $200 range I don't mind acquiring more. I'll be XXX pretty soon.
Superstonk up here for me at 4:27 CST. Maybe it was a dry run? When/if the rocket takes off it's likely Reddit will close down all comms.
I regret every crypto sale I've ever made.
A lot of it was donations, but I'm sure most of those places just flipped that beautiful, invaluable crypto for stupid ass worthless dollars.
Some of what you are saying is generally true but your post, frankly, is contributing to misinfo.
I don't believe there is a transfer tax for stocks. The issue being focused on now with the opacity of Cede and company is tracing ownership. We suspect they are being dishonest with GME share counts and who owns what.
But locally for real estate there is a tax when property changes hands and MERS allows financiers to dodge that and rapidly re-assign ownership.
Unfortunately this is all speculation at this stage. Info is hard to come by. This is not investment advice, and I am not a financial advisor, etc.
A lot of crypto is "on sale", relative to the last two days or so, but prices very recently shot up so keep things in perspective.
There is speculation that there is a pump and dump being performed on crypto now to help resolve the GME situation. I have no clue how accurate that is. I can say that I know a lot of normies getting into crypto right now.
You have the gist of it. A DTCC subsidiary, Cede Inc, has the actual stock certificates.
Through some unknown opaque corporate arrangements, between DTCC, DTC, Cede, and other companies the ownership is allegedly recorded.
That Dell article is absolutely fascinating, as it's a real world example of all the details discussed in atobitt's deep dive.
This is similar to another scheme that was run in the housing market buildup. MERS was the entity that allegedly recorded ownership of mortgages. Banks used MERS to avoid paying local transfer fees when they were electronically trading mortgages.
Apparently, this is just a classic scam that is being run again and again and again. Just in my lifetime it's already been run through at least three times and our regulatory agencies and law enforcement are in on it.
There is a way for you to get your stock certificate in paper. I believe this would exist outside of DTCC and Cede. I've never done it, but I've seen a few people get certificates for posterity.
I got my brokerage going in my 401k now and it allows me to buy a lot of GME and PHYS and other naughty stuff.
I hate to admit it but all the great content is on Reddit right now. Wish those folks had a bit more will to migrate.
All the talk on DTCC, CEDE, etc. is excellent. Really seems like a fantastic business opportunity to offer that same functionality, but published on a public blockchain for verification.
Also feels like DTCC would be wide open to fraud or breach of contract suits. Why aren't companies suing for having suffered from naked shorting?
It's neat to see BAT getting traction so quickly. Didn't see that coming.
Is there a way for us retail apes to randomize the close and prevent Citadel and others from getting their desired price?
If it is profitable to a large market maker/active participant for it to close at 180, I'd say the odds are very significant they can make it land there.
Just print up the shares to trade and slam the close.
So much to work through but a great video to get us apes started!
OTC and short exempt...
Nah, you were being condescending.
EDIT: Lol ok no you weren't, that really was helpful.
What section would one review to get a gist of what GME stated?
Yeah buying opportunity for me. Enabled after hours trading and grabbed a few.
I received an email from Vanguard. Wouldn't have known about it otherwise.