https://www.reddit.com/r/Superstonk/comments/14pl47h/mainstar_moving_drs_shares_to_dtcc_account/
"Any investments currently held in a DRS position will be moved to Mainstar's DTCC account."
So checking Chives' image: https://i.imgur.com/UjKYZfr.png
So it seems next GameStop Form 10-Q may be minus 1,270,566 shares (from 4/21/2023 shareholder list with 667 Mainstar IRA accounts).
11 Comments
Im14abeer@midwest.social · 10 pts · 3y
Mainstar about to get the reddit mass exodus treatment.
Jmarie777@lemmy.whynotdrs.org · 2 pts · 3y
One hundred percent
bibic_jr@lemmy.whynotdrs.org · 9 pts · 3y
Thank you for sharing here!
Very curious as to what happened for them to change their minds like this.
regolith@lemmy.whynotdrs.org · 8 pts · 3y
Worth noting that IRA Financial is probably under-represented in the ledger since they typically transfer a client's shares into the client's LLC.
bibic_jr@lemmy.whynotdrs.org · 6 pts · 3y
For sure, they have started offering a FBO service like Mainstar (which had 3 accounts on the ledger), but it's becoming clear that the LLC route is the most secure and gives the most control.
regolith@lemmy.whynotdrs.org · 11 pts · 3y
I remember the good old days when if you bought something then you owned it and it was yours.
MozooZ@lemmy.whynotdrs.org · 6 pts · 3y
Yeah, such a novel fucking concept.
bibic_jr@lemmy.whynotdrs.org · 6 pts · 3y
Ah physical ownership, simpler times. I cannot wait for web 3.0 to bring the same principle to digital assets!
JuliusSeizure@lemmy.sdf.org · 4 pts · 3y
Seems they're really getting desperate.
PurpleSheep@lemmy.whynotdrs.org · 2 pts · 3y
That's how I like to see it. They must really need those 1+ million shares if they are willing to risk people leaving. I'm sure not everyone will leave. But some will, and it only kicks the can another day.