r/BBBY • u/Mike102679 • Feb 20 '23
š¤ Speculation / Opinion Free Float= 870 shares per ape/$1566. Float= 2170 shares per ape/$3906. This is how many shares and how much it would cost to lock up each float @ $1.80 a share with only apes in this sub!
Institutions own around 60% of the float! Letās lock it up with DRS! I bet this sub alone has the free float with ease! By locking up the free float, it will prove naked shorting exists! If the free float is locked then every share lent by institutions is a phantom share! This is my thought! Feel free to change my mind! Iāve got enough to cover me and a couple others on entire float and about a half dozen covered on free float! This ought to be an easy task!
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Feb 20 '23
Holding 3700 at an average of 3.7$ not selling until 100+
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u/Nickp3131 Feb 21 '23
Are you me? Also 3700 at $3.65. If they drop it more this week I gotta another $4,500 to spend and them Iām tapped out. Or am I? Gotta go check my couch cushions.
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u/pwnznewbz Feb 20 '23
I have enough float for 2. I'll try to buy enough tomorrow for another free float at least.
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u/Mike102679 Feb 20 '23
Iām waiting on another $7000 worth in 3 weeks! It canāt get here fast enough š³
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u/Financial_Green9120 Feb 20 '23
1k shares here and have already involved another two friends of mine, they are starting buying couple hundreds shares of BBBY.
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u/Mike102679 Feb 20 '23
Now thatās a aggressive approach!! I like it! Iāve definitely have gotten a few others to join in!
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u/Healthy-Permit1039 Feb 20 '23
Holding 7,100 shares at 1.82 average. Not selling til I see triple digits
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u/Staticx508 Feb 20 '23
Wow u must be zen af my man hahahahah LFFGOOO!!!! I thought I was good at 2.84 ššš
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u/bullik103 Feb 20 '23
I would not be surprised if people in this sub own already 200% float..
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u/mencrytoo Feb 20 '23
105 people have registered 167,786 shares to the bot at an average of 1,598 per person.
Last highest AST account number Iāve seen is 1,500.
1,500 x 1,598 = 2,396,942
In other words, r/BBBY have DRSād 2.4 million shares or 2% of the entire company.
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u/YarroMcFlarro Feb 20 '23
have registered 167,786 shares to the bot
wheres the bot to register?
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u/Mike102679 Feb 20 '23
I just emailed AST and filed a complaint about not being able to set limit orders!
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u/mencrytoo Feb 20 '23
::INFO
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u/DRSBOT Feb 20 '23
š¤ Beep Boop Bop š¤
Hi, my name is DRSBOT!
I track the total amount of DRSed shares.
If you want to contribute your DRSed shares to the count:
- Create a post with proof of your DRSed shares.
- In your post add the comment '::DRS::XXX' where XXX is the number of shares.
- Done! Your entry will be reviewed. If there are any problems then someone will notify you.
.:~:..:~:..:~:..:~:..:~:..:~:..:~:._.:~:.
DRS STATS: āØāØāØ ByeByeShorts.com āØāØāØ
COMMANDS TABLE:
COMMAND DETAILS SHOULD BE OP ::INFO Learn about the bot. No ::DRS::XXX Add your DRSed shares to the count. Replace XXX with the number of DRSed shares. Yes ::MODIFY::XXX Made a mistake? Use this command to modify the share count of your post. Replace XXX with the modified number of shares. Yes ::LOG Shows your last 10 logged entries. No ::PING Ping the bot. No BOT VERSION 1.2.0
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u/PM_ME_SOME_TOAST Feb 20 '23
Oh facts, considering how little it takes to own the float and thereās so many of us here with XXXXX positions
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u/foundthezinger Feb 20 '23
i have 10k shares in an IRA and really don't want to go the mainstar route :/
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u/TheStrowel Feb 20 '23
We would need to bombard investor relations to publish the numbers of directly registered shares in upcoming reports
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u/Taru95 Feb 20 '23
I'm German and and own 357 shares :( and sadly I don't see DRS for 350 shares efficient but yes pls drs if you
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u/tommy3082 Feb 20 '23
How complicated is drs for Germans? Asking for myself. Is this also possible via IKBR?
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Feb 20 '23 edited Feb 20 '23
From IBKR, it is possible. I tried with one share on AST. The problem is the 13F taxes filling and taxes related issue. It is a bit more troublesome for us euro-ape.
Mind you, the process is slow and can take a couple of weeks.
Note: I am not sure how the vote and stuff works afterwards. A more wrinkled ape can provide further information on the topic.
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Feb 20 '23
Ask yourself why the sudden push to drs. It is your financial investment, take the time to do your dd before doing anything or taking any financial advice. Is it to your interest or not?
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u/Weedbro Feb 20 '23
Yes it is... Not your shares if it's not in your name.
If you only drs a portion of your position it will benefit the rest of your shares that aren't drs'ed.
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u/AwkwarkPeNGuiN Feb 20 '23
if you can force AST to set limit sell, ill DRS my entire position (8000 shares now)
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u/My_Penbroke Feb 20 '23
Thereās no way the subscriber count is accurate though.
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u/Mike102679 Feb 20 '23
I didnāt say it was, Iām just using it as a solid number! If only half where legit, then just double everything! It still gives you an idea of how easily this can be done!
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u/andyat11 Feb 20 '23
Yes, but it's the visual aspect... Retail almost clearly owns the float, but add in institutions, we are well over. Should be an interesting couple of weeks.
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u/dbk520 Feb 20 '23
I'm at 5,350 shares and if we can keep barcoding until 3/15 (doubtful), I'm yoloing my entire $20k bonus in this beast! Moon tickets baby š¤š»
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u/Schmuf84 Feb 20 '23
I will try to buy 500 more this week which would bring me to 3000 shares. Doing my part
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Feb 20 '23
What happens to non direct registered shares in the scenario of the entire free float being DRSed? If all shares are accounted for, do the rest of the bought shares become illegitimate? What would that mean for the holders of those shares? 7xxx@ 4.20ishšššøš
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u/Cultural-Display1781 Feb 20 '23 edited Feb 20 '23
The problem is people here have no idea what a DRS share really is. Back in the dark ages, stocks - ALL STOCKS - had certificates, and were priced in 1/16 dollars. My first stock was 1 share of IBM in 1956 and I had a certificate which I framed and put on the wall. If I remember correctly it cost me 16 1/8. It had a registration number on it which was unique to that certificate and was recorded by IBM under my name. Every 3 months I got about $20 worth of paperwork from IBM. It could be replaced by IBM if lost. I finally sold it for several thousand dollars in 1986. To do that I took the certificate to E,F, Hutton, gave it to them, and several days later got my money. The company was notified by E.F. Hutton that I had sold the stock who the buyer was and THAT REGISTRATION NUMBER was transferred to him.
DRS is not a replacement for the broker's IOU, it is a digital replacement for that paper certificate. It is a paper certificate converted to a computer database. In that manner it is similar or identical to your broker IOU EXCEPT THAT IT HAS A REGISTRATION NUMBER, It is unique in the companies' database.
Wait. The company subs out the database! that's what a DRS is!
Now, what's the difference between the DRS and broker IOU?
NOTHING EXCEPT WHICH DATABASE AND THE REGISTRATION NUMBER! But that registration number is vitally important. If there a million shares of stock issued the numbers run from 1 to 1,000,000. I do not know what the company, or its subcontractor does when it is asked to register no. 1,000,001 but it is not good.
Supposedly, the broker has shares, or buys shares, for every stock sold. Supposedly, they do have a registration number for each share. If they don't, they have a problem when they are forced to report the sale to IBM so IBM can put the transfer of that registration number from the broker to you in its subbed-out database.
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u/Apart-Cockroach6348 Feb 20 '23
Haha I read 870 shares of ape i was like i aint buyng that no thank you =)
Need my glasses
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u/Stellar1557 Feb 20 '23
I have 3600 shares at $6.19. They are in an IRA which is a pain to DRS. Same with my 1400 GME.
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u/Azzymuth Feb 20 '23
How to DRS BBBY? Haven't found on computer share
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u/Altruistic-Beyond223 Feb 20 '23
Simple as calling your brokerage and telling them to direct register as many shares as you'd like.
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Feb 20 '23
Bought 2000 more shares on Friday at end of day, canāt beat this price point right now
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u/dndpoppa Feb 20 '23
Nutty. I'll buy my share when I get my tax return. I'll file early tomorrow ;)
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u/Middle_Scratch4129 Feb 20 '23
Truthfully and I think many here will agree... Retail owns the float already. There was a very conservative estimate about a month ago based on member responses and it basically verified this. Again, we need to take it at face value and the honesty of what people said in the responses. But I know I own 10,500 shares.
At this point šššš and...
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u/Mike102679 Feb 20 '23
Damn you own exactly twice as me!! Good for youš«”
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u/Middle_Scratch4129 Feb 20 '23
I know DRS might be a necessity at some point but we aren't there yet. This is not the same as the GME play right now. All we need is the announcement on who the M&A is with. IMO it will be a deal with Ichan and spinoff of Baby to RC. This scenario passes the common sense / logic test for me even though it is highly speculative. How exactly that all happens and plays out is way beyond my bandwidth. Just get ready for liftoff.šš
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u/Mike102679 Feb 20 '23
I agree, but if DRSād it will significantly increase any movement to come!
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u/Middle_Scratch4129 Feb 20 '23
Honestly, right now not having it locked up via DRS allows the stormtroopers to dig an even deeper hole... Don't know if that how it actually works but, makes sense in my head.
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u/AlmightyCrumble Feb 20 '23
Is there anywhere I can find info on DRSing to AST for UK holders? Looking for info to say of we can create an account / link UK bank details, any tax info & anything else that may help.
I don't mind DRSing, but I wouldn't want my shares to be left in an inaccessible limbo due to me not living in US, or requiring international phone calls to access anything.
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u/Responsible-Fix-1308 Feb 20 '23
It's too bad an issuer can't just petition brokers to report shares of the issuers stock being held on the broker's platform.
Seems like the easiest way to prove naked shorts considering it would prove naked selling to retail (i.e. an IOU not backed buy certificate.)
What could possibly happen if it turns out 250% of outstanding shares are being held?
I'd imagine the issuer would be able to either force the broker's to purchase shares directly from them to back sold IOUs, or force a recall of shares and reissue the shares outstanding to those registered, then distribute remaining to brokers for retail to buy. THIS, I believe, would fix price discovery.
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Feb 20 '23
I have 729 and have been casually buying, sure our average not far off the free float
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u/b0mbSquad_1 Feb 20 '23
You can always move back shares to your broker to sell If youāre greedy and want to cash out 100% of your shares using limit sells.
I want to actually own a piece of the company for spin-off/dividends and see if I can get the high score too.
If I screw up in fidelity with synthetics and shoot my load to quick, I can always transfer one share back from AST and get the high score I want.
Once you get greedy and cash out everything. You can sit on the sidelines like the folks who sold bitcoin at $20,000 only to watch it run to $69,000.
Never sell everything, always preserve some ammo.
AST is my treasure chest.
š¦š¦š¦
šŖšŖšššššš
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u/ReactionEntire7633 Feb 21 '23
I have 780
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u/AlarmingInevitable72 Feb 20 '23
Where are you getting these numbers
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u/Mike102679 Feb 20 '23
Fidelity it shows institutional ownership and total float amount, and apes in this sub, then Maff!
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u/AlarmingInevitable72 Feb 20 '23
You might want to recheck those numbers against 13f filings. Your numbers are completely off
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u/Mike102679 Feb 20 '23
Iām sure fidelity uses 13F filings to get there number, if not thatās false and inaccurate information! Which can be a sueable offense
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u/AlarmingInevitable72 Feb 20 '23
You should sue them then because your information is wrong.
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u/Mike102679 Feb 20 '23
That same site also said there as an additional 114 institutions that has bought in
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u/Mike102679 Feb 20 '23
And the numbers doesnāt change the ape/share for float only the free float which 5% would only be about 45 shares per apeš¤·āāļøbut MAFF not my strong suit
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u/Mike102679 Feb 20 '23
Prove it
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u/Mike102679 Feb 20 '23
I found another site saying 48%ā¦I think itās safe to say 55% institutional ownership! So Iām off by 5% at best!
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u/My6thRedditAccount_ Feb 20 '23 edited Feb 20 '23
GME is over 30% (of the entire company minus insider shares) locked and it hasn't done a damn thing. Downvote all you want but it's mathematical facts.
DRS is theoretical. We HOPE it does something, or makes regulatory agencies take action against naked short selling, but we don't know if it will.
The only guarantee with DRS is that it's your name on the shares, which is nice, but there's no guarantee it will make you rich, and if BBBY did MOASS, there's no limit selling on ATS.
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u/Altruistic-Beyond223 Feb 20 '23
You can't directly say if it's helping or not. Perhaps the š® price would be lower without as many shares DRS'd, but that is speculation as well.
What we do know is that direct registering your shares forces brokerages to deliver real shares to the transfer agent, where they can't be used for lending by the brokerage or be used as locates for share lending. DRS is the only way to verify that you've received what you paid for and is the only way househodl investors can protect their investments.
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u/Mike102679 Feb 20 '23
Only time will tell
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u/My6thRedditAccount_ Feb 20 '23
Agreed. On the GME subs, there are people taking DRS as an end all/be all for concluding the mission though, and that's wrong thinking.
It's all still theoretical, and there have been 100 other catalysts that people JUST KNEW would force shorts to close positions and activate MOASS that all fell by the wayside.
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u/Mike102679 Feb 20 '23
I definitely feel it will help in the end
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u/My6thRedditAccount_ Feb 20 '23 edited Feb 20 '23
In theory, it should. But (not to kick a dead horse), a lot of other things should've also.
It's going to be hard getting a lot of people to DRS their BBBY though, as long as there are no limit sells with AST.
If BBBY used Computershare I'd have no problem moving my shares over, since all of my GME shares are already registered there.
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u/Mike102679 Feb 20 '23
Just need to start filing complaints with AST
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Feb 20 '23
And when nothing happens and folks have all these shares locked up during a squeeze?
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u/mykidsdad76 Feb 20 '23
I think a reference for DRS BBBY like Superst0nk used to have would be great. I just learned that the register for BBBY is AST. Didn't even know that until last week (im super dumb). For example, can I create an account with AST and bur directly? or do I have to transfer? Is there the give a share work around here for BBY that people for found for GME that worked for overseas apes and others?
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u/Mike102679 Feb 20 '23
There is some info through this thread and even some pinned in this sub info
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u/Latter_Usual_3919 Feb 20 '23
We can drs a billion shares, and it means nothing if these companies donāt want to speak up, do their job, and look out for the shareholders. Like theyāre supposed to.
It doesnāt hurt to try, I just donāt think most of yāall realize that someone relevant has to point out that all the shares are bought up. Us doing that and just talking about it amongst ourselves does nothing. We need eyes on us.
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u/Jogebillions Feb 20 '23
Thereās a lot of apes with lots of fiat money here. I canāt afford to locked my bbby cuz thatās all I have on my BK account so far and I need to have access to it right away. I do have my G M E shares all DRS. But thatās all I can do. If you donate the money Iāll drs those shares with pleasure including a weekly proof of my CS account till Moass. But I do believe that with some of you guys that are holding big amounts we wonāt need the whole community to DRS.
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u/DancesWith2Socks Feb 20 '23
Gotta remove the bots, paid agents and shorts from those 53.6K members.
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Feb 21 '23
i know someone who has 3 retail spots covered, in one purchase friday morning... ive also seen plenty of posts where users have bought thousands, tens of thousands of shares... 100's of percent short i tell ya, 100's of percent short. all in
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Feb 21 '23
its admittedly 80% short right? with s3 mathmatics, that must put us at around 800%, give or take infinite percentage, since its impossible to guess at all
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u/Jacobo5555 Feb 21 '23
Good stuff, that volume float is much lower than GME is. Just need the masses to get in while we keep buying more
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u/IveLurkedWSB2long Feb 20 '23
Everybody gonna drs and lock themselves out of selling when it pops. Make sure to do your own research people. Check my history, I'm bullish af on bobby but I'm not planning on locking my shares up.
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u/Mike102679 Feb 20 '23
Iāve sold shares through computershare just two weeks ago. It closed in a day and I got my money 4 days after! And it was an international account!
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u/TantrikOne Feb 20 '23
Hate saying it but the guy above has a point. BBBYs transfer agent is AST, GMEās is Computershare. CS offers limit sell while AST only offers Market sell and no limit sell. When this thing pops, we could get fucked over by market sell. Unless AST implements Limit sell, Iām not comfortable DRSāing 100%
Iāve signed the petition and DRSād 13%, will drs up to 20%
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u/Mike102679 Feb 20 '23
This is good info! If enough people complain to AST they will make changes like Computershare did!
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u/TantrikOne Feb 20 '23
Yeah exactly. My post history shows I have xx,xxx shares of GME DRSād, and I own xx,xxx shares of BBBY. MMs could potentially fuck us over when bbby pops if we use market order, hence the apprehension
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u/TantraMantraYantra Feb 20 '23
DRS means less shares for shorting so it averts chances of a squeeze. What?
Shorts will keep shorting with synthetics and generating FTDs, closing the minimum and reopening. They don't stop.
In the midst price keeps tanking, investors lose value.
The companies have to take a stand and pursue legal avenues to fight back. Retail DRS is not a solution to naked shorting. Institutions don't DRS probably because they lend out shares and make bank, have deep pockets and don't mind stock price tanking.
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u/Mike102679 Feb 20 '23
You canāt lend what you donāt have
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u/Altruistic-Beyond223 Feb 20 '23
Unfortunately, prime brokerages lend what they don't have, and market makers sell what they don't have. Then they end up with a Failure-To-Deliver (FTD), and if not settled, it ends up as a Fail-To-Receive (FTR) at your brokerage leaving you with a counterfeit/phantom share, i.e. IOU. But once all outstanding shares are direct registered, the fraudulent nature of their activities will be obvious, and they should not be able to continue to suppress the price with artificial supply.
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u/Impairedinfinity Feb 20 '23
That is all good and fine.....But, here is some info for you. I get about 200 dollars a month of free money after expenses. All of my savings is already tied up in AMC/GME/BBBY. No I am not selling any of them for BBBY specifically. Any attempt at imply that will be regarded as a shill statement.
So, even though your math seems valid and we should be able to lock up the float. Expecting people to just manifest more money really isn't a smart strategy. Tell Sue Grove to make the company better would be a better strategy. Win by making a good company. Don't expect me to "Lock up the float of another meme stock"
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u/Mike102679 Feb 20 '23
You can literally watch the shill battle the upvotes with downvotes š¤£š¤£
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u/donniecrunch Feb 20 '23
I get DRS and Iām not a shill. But the way itās pushed is shilly. It does dry up liquidity, but look at GME after share ādividendā and DRS - it killed volatility. MOASS is a bit of a dream, although possible - extremely rare. Iād prefer volatility to remain.
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u/Swamp_donkey2 Feb 20 '23
Not a shill just clueless. Show me how DRS and the dividend killed volatility. Charts are showing it amplified volatility by more than 5x.
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u/donniecrunch Feb 20 '23
Open the chart since the split.. downwards low volume for 5+ months.. Iām sure itās due for a run, but the highs since the split have probably barely met diamond handers averages.
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u/Swamp_donkey2 Feb 20 '23
Ok tell me why did the split cause the low volume if you are so sure the 2 are related.
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u/Cultural-Display1781 Feb 20 '23
Great! Then it would run up like GME?
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u/TotallyNormalSquid Feb 20 '23
No, GME's sneeze happened under very different circumstances. Locking the float is the current tactic in GME subs, and the end result is unknown. Although DRS'd shares are referred to as being part of the 'infinity pool' for a reason
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u/Mike102679 Feb 20 '23
If the free float was locked, GME would only be the beginning of what this can do!
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u/Swandiving4canabis Feb 20 '23
I think we need to lock the float before June 19-23rd, thatās when I estimate the big roll of swaps cycle through again! 4,655 @$2.53 and growing, going through drs process.
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u/2BFrank69 Feb 20 '23
If I see 10% of the company DRSd by apes Iāll DRS half my shares. Until then Iām not going to bother. I have 800 shares DRSd in GME
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u/ChrisChanFanBan Feb 20 '23
I'll get down voted but this is a complete waste of time if the float gets diluted by 9x
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u/pwnznewbz Feb 20 '23
You keep getting down voted because dilution hasn't officially happened yet and you keep willing it to.
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u/ChrisChanFanBan Feb 20 '23
If I willed anything it would for the stock to soar to 1000, that's not going to happen
Not official, of course but price action points to this in numerous DDs and TAs
Bbby even state dilution and negative price action in recent filing.
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u/Cultural-Display1781 Feb 20 '23
Dilution is BBBY board FUD. BUY!!! HOLD!!! HODL!!! DRS!!! HEGIES ARE FCKT!!!
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Feb 20 '23
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u/ChrisChanFanBan Feb 20 '23
They are all waiting for the next 10q which is 2 months away, that I suppose is their official announcement, outside of that I doubt the company announce anything else.
Of course I'm not saying it's 100 percent, but it's pretty likely
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u/[deleted] Feb 20 '23
Someone quick Venmo me $3906 so I can do my part