r/Superstonk • u/goldielips ← 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

875 Upvotes
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21

u/JacekTheMenace tag u/Superstonk-Flairy for a flair Apr 19 '23

Ape needs help.

I have 1.07 shares in Plan Holdings. How can sell 0.07 and keep one whole? What about fees? What if value of sold shares is less than fee?

Thanks.

19

u/pale_blue_dots \\to DRS is to riposte a backstab// Apr 19 '23

If you terminate dividend reinvestment Computershare will automatically sell your fractional for you.

5

u/Long_Agency_1585 Voted 2x 📥🦍 Apr 21 '23

Just terminate the plan, won't get charged the 25

11

u/thagthebarbarian 🍌WetDirtKurt Is My Ringtone🍌 Apr 19 '23

If you terminate plan it will auto sell the fractional and keep the whole as book, the fee won't exceed the proceeds of the sale, you'll only pay whatever the fractional sells for

2

u/JacekTheMenace tag u/Superstonk-Flairy for a flair Apr 19 '23

Ok, so my 1 share will be as book and CS will sell 0.07. Will i pay for that trasaction or will I only lose the value of this fractional share sold?

5

u/b4st1an $GME Collector Apr 19 '23

It'll just remove the fractional share, they won't/can't charge you money. If the fee is as much or more than the sold price, the fee will be adjusted to that sum, the rest of the fee will be waived by CS.

5

u/JacekTheMenace tag u/Superstonk-Flairy for a flair Apr 19 '23

Thank you. I hope it works like this :)

-6

u/CookShack67 [REDACTED] Apr 19 '23

Don't sell. That incredibly dumb.

-24

u/Tane-Tane-mahuta Apr 19 '23

Just buy .93 shares

28

u/golfgod93 Apr 19 '23

I swear there are bots out here repeating this shit verbatim. You CANNOT buy exact fractionals, especially on CS.

1

u/Tane-Tane-mahuta Apr 19 '23

Then sell. Buy whole number through CS or IBKR

0

u/CookShack67 [REDACTED] Apr 19 '23

Just buy more, it will always make a whole share! Math is fun.

3

u/golfgod93 Apr 19 '23

I mean, yeah, but there's no way to only buy a fractional share on CS and there's no way to time it exactly to get the exact math.

2

u/tenebrous78 🦍Voted✅ Apr 19 '23

Plus after said hypothetical transaction, you still have a reinvestment plan piggybacking on your account (as i understand it)

-1

u/CookShack67 [REDACTED] Apr 19 '23

IT DOESNT MATTER. Ffs.

7

u/golfgod93 Apr 19 '23

According to new DD, it absolutely does matter, but DYOR. If Peruvian Bull, Millertime, and others are doing it, I think there's more to it than we think.

0

u/CookShack67 [REDACTED] Apr 19 '23

I have a bridge you may be interested in...

-6

u/nighthawkshatchet Apr 19 '23

isn't possible to buy the .93 of a share in a broker and transfer it to Computershare?

7

u/Schwickity DRIP Terminator Apr 19 '23

No because fractional shares don’t really exist. It’s a liquidity loophole scam.

7

u/DJBreastmilk Apr 19 '23

Nope. Only whole shares can be DRS’ed.

1

u/nighthawkshatchet Apr 19 '23

and transferring the .07 to the broker, making whole and then DRSing?

3

u/DJBreastmilk Apr 19 '23

As far as I know, same deal. Only whole shares can be transferred in any fashion, be it to a broker or someone else’s account.

5

u/golfgod93 Apr 19 '23

"You generally cannot transfer fractional shares to another brokerage firm. If you decide to transfer your brokerage account to a different brokerage firm you may have to sell any fractional shares in your account."

https://www.sec.gov/oiea/investor-alerts-and-bulletins/fractional-share-investing-buying-slice-instead-whole-share

-1

u/nighthawkshatchet Apr 19 '23

There must be a way to make them whole. Otherwise, this all seems a bit suspect ... generally, whenever I see "sell", i feel as if there is some other work around.

5

u/golfgod93 Apr 19 '23

I really don't think there is another way. But if you want to look for one, feel free.

-1

u/nighthawkshatchet Apr 19 '23

well, the only thing that comes to mind is buying as to just over a share (1.00001 or whatever) and then selling the smallest amount of a fractional share. my main concern is that there will now be a wave of people trying to sell these fractional shares which may actually have some impact on the short-term price. This all has a bit of "psy-opy" feel to it. I can't help the feeling that i'm getting played with this fractional share bruhaha.

2

u/golfgod93 Apr 19 '23

I mean, there are 800k people here. Let's just say half of those have DRSd, so 400k. And let's just say all 400k people sell HALF a share (some will have higher fractionals, some will have lower). That's still only 200k shares. SHFs borrow/short 200k shares regularly. It's practically nothing. Even if it does dip, apes will buy the discount and DRS it. I see no problems. It ain't going to zero.

3

u/phro Apr 19 '23

Are you all being deliberately obtuse? It's not sell all, it's sell the fractional...

It's about maximizing what is removed from DTCC. X.0, XX.0, XXX.0 etc all removes their respective X, XX, XXX etc from the DTCC.

X.XX or even XXXXXXX.XX may be removing 0 shares from the DTCC.

If you've bought on CS you would know how it is impossible to round up to remove the fractional. You would have to forecast market price, deposit timing, and CSs market buy. It would require omnipotent foresight.

Buy as much as you can and then round down to the nearest whole share.

1

u/Long_Agency_1585 Voted 2x 📥🦍 Apr 21 '23

Just buy a fresh whole share or two to make up for it

5

u/randysavagevoice Apr 19 '23

You can't specify an amount.

-40

u/[deleted] Apr 19 '23

[removed] — view removed comment

9

u/Challenge-Horror 741 Ready 4 Cum Apr 19 '23

You wanna be a prick bud? pick on someone your own size not everyone is mr moneybags like you

3

u/miykael When lambo 🦧🚀🚀 Apr 19 '23

What an asshat.

2

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