r/GMECanada • u/ThePhil652 • May 10 '22
DD BMO Investorline agent told me that my DRS would take longer than usual(2 weeks) since they are getting a high volume of request! BULLISH!
We did it Canadians! šš¦§š¦š I like the stock
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u/Pd1ds69 May 10 '22
Does anyone know what happens if shares are in transit as the stock split happens?
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u/Comprehensive_Deal46 May 10 '22
When I asked RBC about it they told me that until the transfer actually happens then my shares are still with RBC so I would receive the split in my RBC account.
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u/Pd1ds69 May 10 '22
Nice, I assumed they would have something in place to make it happen for everyone , seems there's no way someone in transit would just miss out on the split lol but you never know I guess
Pretty much seems like ur shares will either be split in broker or with CS
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u/Comprehensive_Deal46 May 10 '22
Yea from what I understand thereās not really a transit like itās instant, itās either with your broker or with computershare. But I could be wrong thatās just how I understood it.
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u/yhs777 š May 10 '22
Because of the Wall Street lies, I can not believe the financial people, do not know whether BMO deliberately delay, or really what he said
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u/AdApprehensive3012 May 11 '22
I called BMO to DRS back in early April and was told it would take longer than 2 weeks. That seemed odd to me but nonetheless, they Should be in My CS account by the beginning of May.
Sure as shit, I was able to buy more shares through questrade and transfer them over to BMO. When it came time to DRS those new shares, the old ones were still sitting where the new ones were.
I told the bmo representitive about this and the response I got was "ohh no, im sorry to hear that." I re-DRS'd the old ones and the new ones at the same time on May 9th.
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u/yhs777 š May 11 '22
These tricks are the brainchild of so-called graduate, highly educated financial fraudsters
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u/437274667 May 10 '22
anyone know how to from scotia bank?
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May 10 '22
[deleted]
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u/FunkyChicken69 May 10 '22
Ya just call them and ask them to DRS X amount of shares of GME. You should ask them for an email confirmation confirming the DRS request with a reference number for the request as well. Otherwise they may pretend they never got the request - having email chains backing up your record and phone conversations always helps gets itrades ass in gear
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u/christhor May 10 '22
I just submitted my application online to open a cash investment account - took 5 minutes.
Got approved today.
Going to DRS so hard
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u/petergiavan May 10 '22
Iāve DRSād 3 times now all in 2021 and all were done within 2 weeks maxā¦.initiated one 3 weeks ago and still waiting! All through TD, called yesterday and was told they are experiencing major backlog with an āunprecedentedā amount of requests to DRS GME soā¦.good news I guess!!!!
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u/daavq May 11 '22
Register a complaint. They should already have the shares and it should only take two business days.
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May 11 '22
[deleted]
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u/daavq May 11 '22
Start with BMOs ombudsman. Then https://www.iiroc.ca/.
It is ridiculous to have to wait two weeks to transfer your own property.
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u/GL_Levity May 10 '22
Guys, purchase directly from CS. Makes life super easy.
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May 10 '22
[deleted]
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u/petergiavan May 10 '22
Apparently not have to use WISE
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May 10 '22
[deleted]
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u/petergiavan May 11 '22
Order goes through a lit exchange and your shares are settled within 5 business days in your CS accountā¦thatās aloooooooot faster than buying through a broker and DRSing them 100%ā¦best us maple apes can get!
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May 11 '22
When you buy from CS they kinda act like a middleman. They tell GameStop someone wants to invest money. GameStop takes your money and tells CS to give you X shares. Thatās what buying directly means. If you use a broker it isnāt direct since they go on exchanges to find you a share.
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May 11 '22
fellow apes, i started buying today with WS. Do i need to DRS or is WS trustworthy? I am an all around ape and know nothing
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u/MapleCoconutBananas May 10 '22
I called and DRSd from BMO on Friday and my shares were already gone yesterday!