The brief summary (for busy apes):
Some more trickery in the June contract! 100 contracts or 500,000 oz was waiting on delivery and then transferred out of comex to London where the contracts can settle secretively. This trick play didn't happen for at least a year and then was done last month for the March contract. Now the trick play is done again ... maybe this is the new comex stress indicator.
May is an active month so a lot of settlements are bullion bank to bullion bank. But this time, we're talking about the little 'ol non-active June contract. What the hey? Some short holders can't even deliver into a non-active month?
The Details
The non-active contract months have increasingly emerged as a substantive delivery vehicle in the post flu era in terms of total deliveries and as a percentage of all comex deliveries. Here's the trend:
https://preview.redd.it/hj29eeg6jg671.png?width=681&format=png&auto=webp&s=7550655ef7cc7e096dfc8e927cb525fc9e666767
For comparison, recent active months have about 55 million oz deliveries.
It is an interesting juxtaposition of the types of buyers between the active and non-active months months. Recent deliveries of active months have ranged from 6% to 15% of the maximum open interest (OI) whereas the non-active months range from 100% to 160%. With those numbers, you can see that most of the non-active contract buyers stand for delivery and many more continue buying contracts after first notice day and stand for immediate delivery.
The current non-active June contract is duking it out with the prior month, April for the top slot on deliveries as shown below:
https://preview.redd.it/opu3qn18jg671.png?width=829&format=png&auto=webp&s=c6e90e3b458b5d1e2e8be20ff4ead86431241ca9
As the month proceeds, I also track the net new contracts after first notice day to gauge continuing interest in obtaining metal throughout the delivery month. Here is a plot of the net new contracts created for all the recent non-active months after first notice day:
https://preview.redd.it/w5p044i9jg671.png?width=788&format=png&auto=webp&s=584c3d1c5c14c61dec07f59152f8b804c93681cc
You can see that June contract buyers have been busy purchasing new contracts since first notice day as the net new contracts have increased.
You can also see the fairly large reduction in the June number which was reduced by 61 contracts on Thursday, which is the most recent day with a final report. What happened here
... keep reading on reddit ➡
??
Transfer from Fidelity to CS process
NOTE: You don't need to open a CS account, Fidelity will take care of it. No need to contact CS before hand. It sounds counterintuitive , but that's how it is.
FEES: NONE
METHOD: Phone
Step 1. Call the following number 800-343-3548 and say "Stock certificates" on automated voice command .
Step 2. When the agent picks up : Tell him/her you want to to initiate a Direct Registration
of AMC Shares to Computershare.
Step 3. Be ready with:
· Your account # with Fidelity
· Your DOB, SSN and current address
· How many shares you'll want to transfer to CS. Must tell them you want to have LIFO (last in– first out) if it is a partial transfer and you want to leave some in the Fidelity account.
· Better to have the online brokerage logged in in front of you for ease of verification.
DO NOT accept any suggestions that it can’t be done on the phone or you need a bunch of info like Cusip# or DTCC tranfer number, or signing authority, or go to fidelity office and fill out forms. It’s purely their tactic to discourage you my making the process look tedious. These are suggestions, not requirements. Fidelity must adhere to your demands on this and the agent must do it, so insist on that or ask for supervisor.
Step 4 : wait 3-5 days. try this link to register. If CS has received the share, it will to take you to authentication page and then prompt you to create a login and password. be patient
https://www-us.computershare.com/Investor/#Registration/VwsuXLqrqk2yc_XjxYrGnA
Step 5. you're fucking Done . and hedgies r fukt.
Let the down voting begin 😄
Computershare is the transfer agent for Gamestop - a third party record-keeping/liaison between the corporation and it's shareholders. They maintain electronic records of all of the registered shareholders of GME and match to the corporate registrar (total shares issued by GME).
The Fast Automated Securities Transfer Program (FAST) is a contract between DTC and transfer agents that eliminates the movement of physical securities by allowing agents to act as custodians for DTC. The FAST program was introduced in 1975 with a few hundred issues and several agents. Today, there are over 100 agents with over 1.1 million issues valued at over $41 trillion.
For the FAST system, DTC establishes an account with transfer agents for each issue. These accounts are registered to Cede & Co., DTC's nominee, and represent, on the transfer agents' books, the sum total of shares for that issue held by DTC's participants.
DTC's participants include: MMs, HFs, banks, brokers, institutions, etc.
Let's call this bucket of shares registered with Computershare the Cede & Co. Bucket.
The other bucket of shares registered with Computershare include anyone that has directly registered their shares with CS: insiders, retail, some institutions (maybe?).
Let's call this bucket of shares registered with Computershare the Retail Bucket.
When a DRS transfer is sent from a broker to Computershare, the shares are removed from the Cede & Co. Bucket, registered in the retail shareholder's name, and added to the Retail Bucket. This two-bucket system is binary: -1 and +1. As more retail shares are direct registered with CS, the Retail Bucket increases and the Cede & Co. Bucket decreases.
Debits/credits are adjusted between the DTC, the broker, and your brokerage account. This all happens outside of the purview of Computershare.
Computershare has a real-time, electronic monitoring and recording system. Outside of being complicit and breaching their fiduciary duty to their client, Gamestop, there is no way they can directly register more shares than the total float. It's binary - when the Cede & Co. Bucket is empty, the Retail Bucket is full (total float).
TL,DR: Computershare will not keep directly registering shares beyond the total float issued by Gamestop.
I'm trying to register for pre-business courses like Comp Apps for Business in order to transfer to RBS but WebReg won't let me because I'm currently in SEBS. Do you guys know if I can contact anybody or if I can get a pre-business major assigned to me in SEBS like they do in SAS so I can register for these courses?
I am working on some more information regarding DRS Registration and the rights of beneficial owners regardless of where an investor lives, and I found this breakdown guide for USERS that shows how to enter DRS Transfers.
Below are the thirteen steps they follow when they are directed to DRS Register your shares.
Click on the images if you can't see the text ..
We are done living like this because the wealthy want more!!!
I hope that this fuels the anger of the apes as it becomes clearer how they are treating us like plebs, and they want us to sit here and take it like drones.
You are being lied to. We will get through this together. Ape help Ape.
We are not going anywhere .... we will continue to expose the theft of generational wealth from people around the world - we are not going ANYWHERE.
We are done with the lies!!!! 2 to 4 weeks my ass ... 13 steps ... that is all.
https://preview.redd.it/ue80nt7obqt71.jpg?width=1217&format=pjpg&auto=webp&s=e80db8a15855f7e8c681c454373cee4c3ab67777
https://preview.redd.it/ulm2zkarbqt71.png?width=1046&format=png&auto=webp&s=ac73f515fe5749c9f8c5397c12690495512fb52f
TD:LR What a fucking joke ... 13 steps ... and it should be in a state of DRS registration. We are working on establishing language and process for Apes to use to protect their rights.
More to come ....
Edit #1. I will try and fix the screen grabs when I get home. It looked ok on my computer but it looks like shit on mobile. In aware. Thx.
Edit #2 - remove some pics and removed some stuff to show better images ..
🙋♂️
What are my best options? The post that had instructions on how to transfer from Revolut/Drivewealt to IKBR and then to CS got deleted.
Is there a way to make the transfer directly and how would I get my CS account information? How would the selling process work since they don't allow buying from my country or even making of the account?
What is the best process to do the transfer? Thank you.
A number of people commented on my previous post and sent me PMs about waiting on their paperwork from computer share after their shares have left their main account. You don’t have to have any paperwork to sign up with computershare if they have been transferred from your account.
Edit. I’m an American ape. This is relevant to American apes
Waste of money, odds are your bike will be stolen if it’s worth some decent money so if you live in an apartment just keep it indoors. If it ever gets stolen on campus don’t expect to get it back; even the registration thing will be useless.
or is there a buffer period of a day or something or is it right that second? I've never cared or thought about it before but I'm driving from morphett vale back down north ways and worried I'd get picked up on one of those cameras somewhere/ cheers
Zomedica's transfer agent is American Stock Transfer & Trust Company, LLC according to Zom's Investor FAQ page. The main benefit, from what I understand, is that you shareholder are directly registered on Zom's books as opposed to your broker serving as the middle-man. Big banks and hedge funds do it, so why not the little guys. Another potentially huge benefit (big if true) is that your shares would be removed from the available pool of shares that could be lent out to be shorted (even if your broker states they don't do share lending).
Call me an idiot, but the idea just seems like the smart thing to do. Not just with this stock, but with any stock you are long. Admittedly, the idea comes from me lurking the video game stock side of reddit, so I have to give credit where due. I've transferred and bought a few shares of movie and video game stock from their transfer agent (which happens to be the same company) because the internet is always right, right?
Either way, this is all food for thought, because the only people reading this are those too dumb/stubborn to sell (like me) and the shills telling you that you should have sold long ago (like them).
Computershare is the transfer agent for Gamestop - a third party record-keeping/liaison between the corporation and it's shareholders. They maintain electronic records of all of the registered shareholders of GME and match to the corporate registrar (total shares issued by GME).
The Fast Automated Securities Transfer Program (FAST) is a contract between DTC and transfer agents that eliminates the movement of physical securities by allowing agents to act as custodians for DTC. The FAST program was introduced in 1975 with a few hundred issues and several agents. Today, there are over 100 agents with over 1.1 million issues valued at over $41 trillion.
For the FAST system, DTC establishes an account with transfer agents for each issue. These accounts are registered to Cede & Co., DTC's nominee, and represent, on the transfer agents' books, the sum total of shares for that issue held by DTC's participants.
DTC's participants include: MMs, HFs, banks, brokers, institutions, etc.
Let's call this bucket of shares registered with Computershare the Cede & Co. Bucket.
The other bucket of shares registered with Computershare include anyone that has directly registered their shares with CS: insiders, retail, some institutions (maybe?).
Let's call this bucket of shares registered with Computershare the Retail Bucket.
When a DRS transfer is sent from a broker to Computershare, the shares are removed from the Cede & Co. Bucket, registered in the retail shareholder's name, and added to the Retail Bucket. This two-bucket system is binary: -1 and +1. As more retail shares are direct registered with CS, the Retail Bucket increases and the Cede & Co. Bucket decreases.
Debits/credits are adjusted between the DTC, the broker, and your brokerage account. This all happens outside of the purview of Computershare.
Computershare has a real-time, electronic monitoring and recording system. Outside of being complicit and breaching their fiduciary duty to their client, Gamestop, there is no way they can directly register more shares than the total float. It's binary - when the Cede & Co. Bucket is empty, the Retail Bucket is full (total float).
TL,DR: Computershare will not keep directly registering shares beyond the total float issued by Gamestop.
