Note: I can't post or comment in the StonkSub or the Jungle, please feel free to link to this post, copy and paste, whatever works best, but I'll only be able to answer questions here.
Preface that I am not a financial expert and none of this should be regarded as advice. You need to decide for yourself whether having voting rights with the company you have invested in is more important than having shares at your preferred broker(s). The green crayons make an excellent salad as long as you crumble them up first.
TA;CIB;WM? (Too Ape; Crayons In Brain; Wut Mean?): All brokers have a mix of real shares and IOUs called FTRs. FTRs are NOT granted voting rights, so each broker only has as many votes as they have actual shares. It is also mathematically impossible for any broker, even Fidelity, to have zero FTRs.
Bonus: DRSing from a broker is more helpful than buying directly from ComputerShare. Direct buys remove shares from the DTCC, DRS requests remove shares from the DTCC and from that broker. A broker running out of real shares can force massive buy-ins to cover FTDs. (Full DD on this forthcoming soon.)
First, full credit to u/semicollider for finding this document and writing a DD on it. He got the puzzle and put most of the pieces together, I just connected a couple of the larger chunks. His DD and the document linked here:
https://www.reddit.com/r/GME/comments/ry3uvd/shorts_must_close_heres_how_they_buyin/
https://www.researchgate.net/publication/228260887_Naked_Short_Sales_and_Fails_to_Deliver_An_Overview_of_Clearing_and_Settlement_Procedures_for_Stock_Trades_in_the_US
Brief summary (my words): Whenever a SHF fails to deliver (FTD), a corresponding Failure To Receive (FTR) is generated. During settlement the NSCC uses an algorithm to randomly assign real shares and FTRs to everyone who bought shares that day (buyers being the brokers, not the brokers' individual customers). There are levels of priority for which broker gets real shares, including the age of the transaction and whether that broker has requested that any previous FTRs be filled, but otherwise they are distributed fairly evenly (this whole process is what the next DD will be about).
For now, the important thing to know is this particular sentence from the paper linked above:
**"However shareholder voting rights are distorted because FTR holders (participants with stock IOUs from the NSCC) do not receive the usual voting rights that they would had the sto
... keep reading on reddit ➡Every single time I’ve taken the bike out since I bought it 2 months ago, invariably someone wants to know about it. Really should make an FAQ.
Absolutely love it so far, one of the most unique bikes in its class.
This toy drive event is extremely positive and a VERY dope idea. But hyping it up privy to today was unnecessary. You know how many times we've been hyped for things and let down to an extent. The way you hyped up this 0930 announcement, on the 5th of November, knowing this is already a highly anticipated date was kind of disappointing if I'm being honest.
As a January ape, I've been "disappointed" enough times to where it's all good. I know where we're going so I'm not all upset and feeling betrayed. But the pre-announcement and hyping this as some "mystery suprise" and "just wait and see, it's going to be something huge and unexpected" was just too much.
Even when someone asked for the timezone, IIRC asking whether it was "PST, EST, or MOASS" for the response from jsmar justind123 to be "MOASS" now seems kind of NFTcon type hype.
I give you the benefit of the doubt and believe this was an honest, innocent mistake. But I do ask, don't pull bullshit like this anymore. Just be transparent and say what you're going to do or just announce it when you do it.
Talk is cheap. It takes money to buy whiskey.
Last note: I really do appreciate you guys for keeping this community together and fighting off shills on the daily. So this isn't a "fuck the mods" post. This is a constructive feedback post from a loving family member who happens to like the same stock as you.
Edit: I find it necessary to add this from the compelling amount of "did you expect the mods to announce the MOASS" comments. No. I know better than that. But this sub has achieved some incredible things without any suspenseful cliffhangers prior to. The point of this post is that there is no need to create hype prior to the achievement being made. Let's just do what we've been doing and DO.
IEX, DRS, and shop at my favorite company is highly encouraged but not financial advice.
Edit 2: The donation post is pinned now instead of the DRS post. I'm sure there will be a "it's pinned temporarily" post incoming. But that brings me back to the point. If it was going to be pinned regardless, there was no point of the pre-announcement to the announcement.
Guy and gal apes. Once again, this is not an angry post. I'm simply addressing how it's counterintuitive to post about an incoming post. The fact that there's a split of opinions on this shows how non-beneficial it was to do that.
Four road games and a home game! Speak it into existence! ⚡️⚡️⚡️⚡️⚡️
They seem to be on their own version of Omegas foray into multiple promotions and titles. AAA. AEW. Now ROH picking fights with the Briscoes. At the same time feuding with Darby and Sting. They're definitely kicking it up a notch. I'm engrossed and ready to see where they go next!!
Hopefully they go after G.o.D soon.
Just wanted to make this post to give probs to a guy called Giunna something.
The Game was nerve wrecking mess, he cast 2 FTR during it, both times i could somehow answer it, i dropped to almost dead like 4 times. He killed 3 Sennas and 3 Veigars, i killed 3 Trundles and 2 Tryns, at the end he had like 4 cards left in his Deck. The swing play of the game was letting his tryn get a free hit, while keeping a stress defense in hand, baiting him to atrocity his tryn so i could get rid of it, with "minimal" loss of only 12 hp.
Would have loved to get a video of this match, it was just such a hilarous "top deck battle", havent had so much fun in a while.
Cheers
Edit: left in Hand -> left in Deck.
S7 Law
PS: Elo was somewhere around lower/mid diamond i guess.
FTR will defend the AAA tag titles tonight against Samuray Del Sol (formerly Kalisto) and Aerostar!
Note: Full credibility for this DD goes to u/TwoStonksPlease . I just post this because they don´t meet the karma requirements to post or comment here. If you want to award this post, please search in the first sub after the big migration from WEE-WEE-S-BEE.
Preface that I am not a financial expert and none of this should be regarded as advice. You need to decide for yourself whether having voting rights with the company you have invested in is more important than having shares at your preferred broker(s). The green crayons make an excellent salad as long as you crumble them up first.
TA;CIB;WM? (Too Ape; Crayons In Brain; Wut Mean?): All brokers have a mix of real shares and IOUs called FTRs. FTRs are NOT granted voting rights, so each broker only has as many votes as they have actual shares. It is also mathematically impossible for any broker, even Fidelity, to have zero FTRs.
Bonus: DRSing from a broker is more helpful than buying directly from ComputerShare. Direct buys remove shares from the DTCC, DRS requests remove shares from the DTCC and from that broker. A broker running out of real shares can force massive buy-ins to cover FTDs. (Full DD on this forthcoming soon.)
First, full credit to u/semicollider for finding this document and writing a DD on it. He got the puzzle and put most of the pieces together, I just connected a couple of the larger chunks. His DD and the document linked here:
https://www.reddit.com/r/GME/comments/ry3uvd/shorts_must_close_heres_how_they_buyin/
Brief summary (my words): Whenever a SHF fails to deliver (FTD), a corresponding Failure To Receive (FTR) is generated. During settlement the NSCC uses an algorithm to randomly assign real shares and FTRs to everyone who bought shares that day (buyers being the brokers, not the brokers' individual customers). There are levels of priority for which broker gets real shares, including the age of the transaction and whether that broker has requested that any previous FTRs be filled, but
... keep reading on reddit ➡
