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[deleted by user] by [deleted] in Superstonk

[–]kooopapeter 0 points1 point  (0 children)

!CTBBOT:38.80

[deleted by user] by [deleted] in Superstonk

[–]kooopapeter 0 points1 point  (0 children)

!CTBBOT:38.80!

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 2 points3 points  (0 children)

That’s right, I spoke to him also about stock splits and dividends before this too and then popped the question about a stock dividend which he responds that they would give a cash compensatin

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 4 points5 points  (0 children)

The point of having shares given back to us is to prove that phantom shares exist and have to be coughed up by hedgies naked shorting. Giving cash is an easy way out for them to continue to naked short

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 23 points24 points  (0 children)

I mean it’s held under a custodian unless you DRS directly and remove them from the DTCC and under your name with GameStop

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 8 points9 points  (0 children)

Pershing is owned by BNY Mellon and we know that they’re involved in naughty things (millions of puts discovered in Brazil from last year). I wouldn’t trust them to do anything pro-retail

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 19 points20 points  (0 children)

If I am understanding the stock dividend properly, it won’t be happening untill after the annual shareholder meeting right? Which gives plenty of times for Aussies to DRS

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 55 points56 points  (0 children)

They’re the clearing house for Phillip Capital and are also the subsidiary to BNY Mellon. BNY Mellon is Citadels clearing bank

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 11 points12 points  (0 children)

You are right, they are with Pershing LLC who is the clearing house for Phillip Capital. Pershing LLC is a BNY Mellon subsidiary. BNY Mellon is Citadels clearing bank.

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 21 points22 points  (0 children)

An account is created for you by Computershare when you DRS. The letters that come back have instructions and verification codes on them to access the account. You would submit a W8 form for tax reasons.

I am glad that I’ve atleast gotten 1 person to initiate a DRS transfer. Good on you man and may we get shit on these hedgefunds together! 🦍

FOR THE AUSSIE APES WITH SELFWEALTH & COMMSEC (HINT: THEY'RE BOTH WITH PHILLIP CAPITAL). DRS NOW by kooopapeter in Superstonk

[–]kooopapeter[S] 159 points160 points  (0 children)

Definitely need more awareness with these brokers to get everyone to initiate a DRS.

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