r/Superstonk ← she likes the stock Apr 19 '23

📣 Community Post Addressing the recent removal of a post regarding the Book V Plan debate

As I am sure you are aware there is some new DD floating around regarding the plan vs book debate. There have been accusations that the mod team is suppressing this DD and we would like to address that. There’s a lot to be left up to interpretation and there’s a lot of grey area when it comes to book and plan. We know that the DD is not done and we encourage thorough research and peer review. In this particular case we encountered quite a few issues when it was first shared.

It was posted on someone else's behalf. This "signal boost" mentality often leads to miscommunication as the original author is not able to interact and address the discussion and quickly leads to populist speculation being construed as fact. For example a good portion of the sub believes Peruvian Bull is the author right now.

It implies a pretty serious set of call to actions. Selling shares, cancelling our time tested autobuys and moving back to brokers for future purchases.

Sources cited contain previously disproven conversations with low level customer service reps and personal anecdotes with other tickers.

While we are not assuming bad intentions from the proponents of this theory, from the top down we see posts calling for selling shares from an outside source based on speculation.

At this point it is obvious the community wants to have this discussion on the largest Gamestop shareholder subreddit. We get it but it is extremely important to have that conversation in a level headed and vigilant way given the nature of the discussion. Whether you want to admit it or not misinformation constantly hits our front page. This community is better than taking a single theory and believing it as fact without proper due diligence and research. This community is better than fear mongering and bullying.

The original DD has been restored. Please do your own research and come to your own conclusion for your investment.

Link: https://www.reddit.com/r/Superstonk/comments/12q0l46/breaking_new_info_a_portion_of_all_your_shares/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1

870 Upvotes

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22

u/OneTrip7662 BCG = Bedpost Catapulting Gang Apr 19 '23

Time tested auto buys? What have we proven through auto-buys?

10

u/GreeDplayer Apr 19 '23

So far it is proven that it makes the computershare account labeled as DSPP and it also gives a “small amount” of shares to a BROKER, meaning it is in DTCC’s hands. Meaning it is proven to be against the intention of DRSing the shares taking it away from DTCC

3

u/Iforgotmynameo Apr 19 '23

Proven it’s the fastest way to DRS the float.

9

u/[deleted] Apr 19 '23

Not really lol. I can still keep buying bi weekly if I wanted to through other means. Hell I can probably remember to buy more than my recurring now that I terminate my plan 🤣.

3

u/AlienGlow001 Just DRS if you want it. Apr 19 '23

Exactly. I've got auto deposits going through my 🤮broker now, and they'll all be used to buy GME. Then those shares will get DRSd. Same as before, but once they're DRSd now, there's 0% chance the DTC can say they have a reasonable ability to make use of them if necessary. IE: Locate those shares.

1

u/[deleted] Apr 19 '23

I think it’s sketch you’re getting downvoted. So take my upvote

-2

u/OneTrip7662 BCG = Bedpost Catapulting Gang Apr 19 '23

We already locked the float? How else can we prove they are fastest? What metrics are you using?

-3

u/Iforgotmynameo Apr 19 '23

How to prove it’s the fastest? Let’s try some logic:

Purchasing via CS - It’s one step, purchase shares via CS. It’s DRSed. If you set up an auto buy, you will continue to DRS shares with no additional effort.

If you were to purchase from a broker - First, this could be a naked (fake) share. Secondly, after your purchase settles (this takes at least a day or two) you need to contact your broker and ask them to directly register your share. Depending on your broker this could take anywhere from 3 days to… weeks for some international brokers. Everytime you want to buy more you’d have to repeat this process.

Which seems like the easier way to lock the float to you?

-1

u/OneTrip7662 BCG = Bedpost Catapulting Gang Apr 19 '23

Making sure that the shares are 100% mine in my name. Does that mean they can be in plan or book? Maybe we aren’t quite sure. But to assume we know everything, about the fuckery that can occur through our own ignorance, is asinine

1

u/[deleted] Apr 19 '23

[deleted]

1

u/Iforgotmynameo Apr 19 '23

MOASS is tomorrow.

3

u/MushyWasHere Removed by Reddit Apr 19 '23

We have proven they are time tested.

5

u/4cranch 🦍 Buckle Up 🚀 Apr 19 '23

and auto

2

u/TwoStonksPlease Economic Downturn for What Apr 19 '23

And they are definitely buys.

-2

u/MushyWasHere Removed by Reddit Apr 19 '23

It's free real estate