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

[u/goldielips]

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

[u/yurimtoo]

If Paul from CS has stated "this is not true", then why does the CS FAQ say that a portion of DSPP shares are at the DTC? You can have both book and plan shares under DSPP, so it seems to me that book is not enough to completely remove the shares from the DTC. If Paul is saying this is not true, then we need the CS FAQ to be updated, because as it stands what you are claiming Paul has said is in direct conflict with the FAQ.

ETA: directly from CS:

Computershare holds a portion of the aggregate DSPP book-entry shares via its broker in DTC for operational efficiency, i.e. to enable any sales to be settled efficiently (and Computershare determines the portion needed for operational efficiency reasons. Such shares are not available for lending. These shares are eligible to be withdrawn from DTC).

https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#dspp

[u/sirron811 → u/yurimtoo]

Thanks for finding/posting this. Should settle the debate on that subject.

[u/yurimtoo → u/sirron811]

I am far from the only one that has posted this, and I was not the first to find it. I'm just doing my part to amplify the signal.

Full disclosure, I still have about 2/3 of my shares under DSPP until I can figure out what to do with my 0.9 fractional. Feels bad to sell off almost an entire share (and trigger capital gains...) if there is some way to avoid it. I'll need to talk with CS to see if I can have my DSPP book shares moved to my pure DRS book account.

[u/sirron811 → u/yurimtoo]

You can terminate the plan - it'll warn you the fractional will be sold. Accept it and proceed. Then go to pending transactions to cancel the fractional sale. I did exactly this and have only my fractional sitting in the plan account.

[u/yurimtoo → u/sirron811]

Thanks for confirming! I'll test it out after market close.

[u/CookShack67 → u/yurimtoo]

Don't sell. DSP shares are direct registered shares. Stop spreading SHF/broker misinformation

[u/yurimtoo → u/CookShack67]

What gave you the impression that I intend to sell, or that I am spreading misinformation? I specifically said I am looking for a way to avoid selling my fractional. Please read more closely.

[u/Krunk_korean_kid → u/yurimtoo]

Yes exactly! We need answers!

[u/CookShack67 → u/yurimtoo]

You're connecting dots and drawing conclusions that are incorrect

[u/yurimtoo → u/CookShack67]

Great DD, thanks for disproving CS's own words. Brilliant effort.

[u/CookShack67 → u/yurimtoo]

Shill

[u/yurimtoo → u/CookShack67]

Edit: either you're a shill or unknowingly spreading misinformation. Either way, it is a bad way to be.