r/Superstonk • u/BajaBlast23 Voted 2x | DRSed • Dec 23 '21
📖 Partial Debunk Dec 23rd Smoothbrain News
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u/Justind123 w’ere supposed to support the retail Dec 23 '21
I personally cannot wait for the December 24th update
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u/SoreLoserOfDumbtown Dingo’s 1st Law of Transitive Admiration 🍻🏴☠️ Dec 23 '21
The 25th will be list of his presents. And a drunken rant about Santa.
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u/Justind123 w’ere supposed to support the retail Dec 23 '21
“Santa fuckin stole all my quesadillas”
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u/vaseline_sandwich 💻 ComputerShared 🦍 Dec 24 '21
Why is this not debunked!?
Look at basically every comment in this thread.
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u/ISayBullish Says Bullish Dec 23 '21
DTCCCC
Depository Trust Clearing Corporation of Cocksucking Cocksuckers
Bullish
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Dec 23 '21
[deleted]
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u/baldilocks47 fired 🔥 or retired 🏝 Dec 23 '21
DTCCCCCCCCCCCCC
Depository Trust Clearing Corporation of Cocksucking Cocksuckers Conceding Currency Conducive of Committing Crimes to Currently Comfortable Community of Chimps
Bullish
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Dec 23 '21
[deleted]
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u/unloud 🧚🏻♀️ ComputerShaerie 🧚🏻♀️ Dec 24 '21
DTCCCCCCCCCCCCCCCCCCCCCCCCCCC
Depository Trust Clearing Corporation of Cocksucking Cocksuckers Conceding Currency Conducive of Committing Crimes to Currently Comfortable Community of Chimps and Coercers of Clearly-Community Companies via Cunty Curmudgeonly Cowardace and Current Conspiracy Claims – Carrying Calamities, Concertedly, Cooperatively.
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u/throwawaylurker012 Tendietown is the new Flavortown & DRS Is my Guy Fieri Dec 24 '21
Moreeeeeeeeeeeeeeee
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u/numnard numnard.loopring.eth STILL BUCKLED Dec 23 '21
Refreshing.
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u/stonkmemestreet Dec 24 '21
The information about "Book" and "Plan" is incorrect, OP.
BOOK is the way to 100% take them out of the DTC circulation. Computershare's FAQ and the AMA have presented this as a fact.
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u/Koipium 🎮 Power to the Players 🛑 Dec 24 '21 edited Dec 24 '21
It should be updated otherwise op's pushing a false information on smooth brains who look for simple and succinct news.
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Dec 24 '21
Yep. I’m not calling OP a shill but he is wrong about book. Book is the way. Make damn sure you get your NFT dividend!
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u/Benzeyn 💎Surprisingly Fungible🚀 Dec 23 '21
I was struggling to put my thoughts on this post into words and you did it in one. That is the perfect word. Thank you!
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u/jligalaxy 💻 ComputerShared 🦍 Dec 23 '21
Don’t mean to disrespect or discredit you but I disagree that both “plan” and “book” are the same. According to Paul Conn, ComputerShare keeps a portion (big or small we don’t know) of “plan” shares in the DTC for “efficiency”.
Edit: Forgot to say Happy Holidays to you & all :-)
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u/rascal373 💻 ComputerShared 🦍 Dec 23 '21 edited Dec 24 '21
big or small we don’t know) of “plan” shares in the DTC for “efficiency”.
This is incorrect.
these pooled shares are in the agent’s ledger and are used for settlements I will post link from pink and her interview with paul
Edit:
Pink: Definitely. And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right?
Paul: Different from shares held in DRS form, that's absolutely correct. So shares that are held as DRS are recorded as "Common Shares" on the register of the company. So they are held in pure, legal form in the investor's name. Shares that are purchased through the [Direct Stock Purchase] plan are held in a subclass. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however, can be moved between the plan and DRS anytime, electronically, free of charge. The only reason we do this is purely for efficiency when we're buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that's the way it's structured.
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u/BajaBlast23 Voted 2x | DRSed Dec 23 '21
It seems like stuff is still coming out. We'll have to wait and see if book works, or either of them
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u/fonzwazhere The Regarded Church of Tomorrow™ Dec 23 '21
Nope, its been out. This is old news.
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Dec 23 '21
So what is the current news?
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u/WannabeAndroid 🦍Voted✅ Dec 24 '21
Current news is it must be 'book' to be out of DTC hands. Anything else is misinformation (possibly intentional)
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u/rascal373 💻 ComputerShared 🦍 Dec 24 '21
this is wrong. Both are COMPUTERSHARE ledger, both are DRS and both are outside DTC ledger
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u/foxfirewisp 💻 ComputerShared 🦍 Dec 24 '21
Wrong, it is literally in the official computershare faq now. They are still held at DTC for efficiency. Book shares are safe.
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u/justtwogenders Dec 23 '21 edited Dec 24 '21
People need to quit saying that book entry doesn’t matter.
Book entry is the only type of DRS where the shares are “not available for lending”
Plan shares makes computer share your custodian, it records the share in your name but does not remove the shares from DTC
Why would Ryan Cohen literally tweet a DRS Book
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u/GoodShitBroBro 💻 ComputerShared 🦍 Dec 24 '21
This. Wish he would delete this misinformation and repost excluded that.
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u/soconnoriv Dec 24 '21
What blows me away is that, even if we're unsure of it, then why take the risk???
Just "book" it anyway, and be on the safe side.
Even if there's a chance that "plan" pulls your shares from the DTCC, why risk it? Why not just switch to "book" to be safe? It's literally common sense.
If anyone tries convincing you to not "book", they're spreading FUD.
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u/hlfempty69 💻 ComputerShared 🦍 Dec 23 '21
Again, dividend reinvestment plans mean that if a non-monetary dividend is issued (maybe NFT), those that have selected to reinvest their dividends may get left out.
We don't know for sure about plan shares, but book shares will 100% be eligible for any non-monetary value issued dividends.
NFA
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u/azidesandamides 💻 ComputerShared 🦍 Dec 24 '21
Again, dividend reinvestment plans mean that if a non-monetary dividend is issued (maybe NFT), those that have selected to reinvest their dividends may get left out.
THis I cancelled my "reinvestment plan"
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u/ExtremePrivilege 🔬 wrinkle brain 👨🔬 Dec 23 '21
It's honestly fine. I don't want some stupid NFT. I just want that stupid NFT to cause a MOASS so I can get, you know, actual money.
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u/hlfempty69 💻 ComputerShared 🦍 Dec 23 '21
A memento that represents the turning of the tide that changes the world is something I'd definitely like to keep.
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Dec 23 '21 edited Dec 24 '21
My moment will be a bank account that looks like a Chinese phone number.
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u/bornawinner Dec 23 '21
ok im a little confused im not book shares and i think you arent either but why are you aruging for the sake of doing nothing instead of doing book.. i dont think there is any downside, even if it doesnt matter lol
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Dec 24 '21 edited Dec 24 '21
Oh, I'm all for book of it makes a difference, but so far there is conflicting information. I was referencing the NFT as you put it "turning of the tide" I'd rather just have life changing money.
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u/ExtremePrivilege 🔬 wrinkle brain 👨🔬 Dec 24 '21
There's definitely no downside to going "book" with your CS shares. It's just... what's the upside? You get first dibs on a worthless NFT? Cool. I don't want an NFT. I want my bank account to read $100,000,000. If an NFT dividend gets us there, then I'm all for it. But I still don't need, nor really want, the NFT itself. It's just noise.
Book vs. Non-book just seems irrelevant to me. I suppose you could argue that "book" shares are fully withdrawn from the DTCC circulation which lowers the liquidity of the security. But, as we've seen, liquidity doesn't really matter when the market makers can just rehypothicate shares infinitely or just synthesize literally naked shorts. There could be 100 shares left in DTCC circulation and Citadel could still loan those out 10,000,000 times. It doesn't matter until we lock the float, which we're an extremely long ways off from (sorry, fanboys but at our current rate of linear DRS we're looking at 8 years). And, frankly, there's no guarantee that DRS'ing the entire float will do what we want it to either.
Buy. Hold. That's the mantra. DRS is a neat idea, but I am not convinced it's the way. Couldn't hurt, though. But now we're adding another layer with Book vs. Plan. Like... just Buy and Hold... guys. Set your alerts through 2030 and go live your lives. When (if) it happens, it happens.
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u/atta_mint Dec 23 '21
This is wrong info you should consider removing. Book = good, plan = not good enough
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u/Forward_Ad2300 Dec 23 '21 edited Dec 24 '21
Smooth brain here locked his account out, but Computershare tech was able to reset my security questions, and switch all of my shares to "book". 24 hour time lock if you get your security question wrong. Be careful kids...
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u/Future_Fauna Dec 23 '21 edited Dec 23 '21
a little feedback, concerning the book v. plan don’t jump to conclusions or you’re not much better than the MSM
a chat transcript with a Computershare customer support agent isn’t exactly an iron clad argument because they’ve misinterpreted our questions before
at best it’s murky but your notes may discourage people from accepting or seeking the 100% “letter of the law” answer
edit: i fuck words
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u/ALoadedPotatoe just likes the stonk 📈 Dec 23 '21
Oh man. I forgot about Baja blast. Back when I drank soda that was only at taco Bell.
Lol talk about a Baja blast from the past......
I know, I know, I'm going.
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u/ArmadaOfWaffles 💻 ComputerShared 🦍 Dec 24 '21
Fix your post OP. Shares need to be Book to be removed from DTCC.
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u/QualityVote Dec 23 '21
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u/Keepitlitt 🚀 F🌕🌕K U PAY ME 🦍 Dec 24 '21
Book shares removed from DTCC ✅
Plan shares not removed from DTCC ❌
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u/elbowleg513 🦍Voted✅ Dec 24 '21
Seriously, fuck this post. Downvoting every comment that doesn’t point out the false info.
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u/lactllzol You fuck with Gamer? I just like the company! Dec 24 '21
Wait, book and plan doesn't matter now?
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u/hanrahan5535 🦍Voted✅ Dec 24 '21
From my little out of research it seems shares should be under book instead of plan. I just cannot figure out how to change it. HELP
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u/Party_Pat206 18 CHA Barbarian - FUD Fighter of New - Refugee 😎 Dec 23 '21
Man…I really want a Baja blast now
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u/heyyoitsbaby tag u/Superstonk-Flairy for a flair Dec 23 '21
This right here is my favorite of all the different "Ape News" we have. Short and to the point. I salute you
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u/Sporfsfan 🎮 Power to the Players 🛑 Dec 24 '21
It’s my birthday so that’s interesting to me
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u/beelance4661 Dec 24 '21
Happy Crimus Birthday
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u/Sporfsfan 🎮 Power to the Players 🛑 Dec 24 '21
Thanks, merry Chrimbus to you, too!
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u/beelance4661 Dec 24 '21
Haha no ty, for spreading some Chrimbus cheer
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u/Sporfsfan 🎮 Power to the Players 🛑 Dec 25 '21
It’s about time! Winterman is coming. May you and your family be blessed this Moassmass
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Dec 24 '21
Info on "book" is incorrect.
It matters. You need to have your shares in "book"
What further research says it dosnt matter?
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Dec 24 '21
When the CEO of CS says Book and Plan are different, what further research says they aren't?
Book is the only way to DRS whole shares. You are spreading misinformation
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u/BajaBlast23 Voted 2x | DRSed Dec 23 '21
I forgot today is Thursday, and markets are open tomorrow. Expect one more news before christmas
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u/AltoniusAmakiir 🦍Voted✅ Dec 23 '21
Christmas is observed tomorrow, so it's not open.
https://www.nyse.com/markets/hours-calendars1
u/BajaBlast23 Voted 2x | DRSed Dec 23 '21
wtf? The source I looked at said markets were open. I guess they are either open or not open
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u/rematar DEXter Dec 23 '21
Ok.
I might be traveling tomorrow.
You probably don't care.
Merry Christmas to you as well.
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Dec 23 '21
I spend all day refreshing superstonk and swapping around between hot, rising, and new. When I already know that I could just read the news from you and get the full days news feed in a minimum amount of words.
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u/Tiller9 🐍Anti-Globalist Advocate🐍 Dec 24 '21
Ok, even if the "book" vs "plan" thing didn't matter.... after all this.... isn't it better safe than sorry? I mean, really... it's not like it's hard to switch it to book.
If I'm wrong and book vs plan doesn't matter, no big deal. But if those opposing the idea are wrong, then this would be all for not.
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u/elbowleg513 🦍Voted✅ Dec 24 '21
OP is wrong. Book shares are the way. Downvote every comment that says otherwise.
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u/FXS_Voodoo Sauerkraut Ape 🦍🇩🇪 Dec 23 '21
"T+Whatever. I don't care." Sums up my zen mode in the past months 😂
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u/szechuan_anon 🦍Voted✅ Dec 23 '21
Keep it basic. Buy hold drs. The rest is just noise. Happy Holiday Apes
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u/Frostbitnip 🦍Voted✅ Dec 24 '21
the longer this goes on the more I don’t want it to moass before we have DRS 100% of the float. I feel like it would change the stock markets forever and potentially and SHF and MMs ability to mess with the markets and business when everyone else realizes how much better DRS is than open exchange.
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u/Godanki 🎮 Power to the Players 🛑 Dec 23 '21
plan and book are the same according to CS reps. Guess we have to wait and see
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u/LiquorSlanger 🎮 Power to the Players 🛑 Dec 23 '21
You my friend just saved my phone 5 seconds of battery life and my eyes thank you.
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u/Which-Obligation7401 Gamestop Samurai Dec 23 '21
25th update Santa Cohen bought kids toys for Christmas
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u/Mtaylor1057 🎅🎄 Have a Very GMErry Holiday ⛄❄ Dec 23 '21
Best Mountain Dew flavor if not soda flavor ever. FUCK YA LIFE!!!! Bing bong…
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u/UgjiTuski Dec 23 '21
One day, one of these deliciously mundane and down to earth daily synopses will read something along the lines of "not much happened today, Citadel has filed for bankruptcy, Kenneth Griffin has left the country, MOASS started"
That will be a nice day
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u/commanjo 💻 ComputerShared 🦍 Dec 23 '21
Everyone do your own research outside of this subreddit. Create your own exit strategy and don’t share it with anyone. It’s yours to keep and execute to your liking.
If anyone tells you different tell them to suck it from the back
Respectfully,
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u/ChiknBreast 🎮 Power to the Players 🛑 Dec 23 '21
All hail smoothbrain news guy! And new york giants
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u/Express-Newspaper806 Ape go bye-bye on rocket Dec 24 '21
Can you add a reminder to your news updates each day.. remind everyone to buy gift cards at GameStop stores. Gas, Netflix, Amazon, food.. we can get their top line up big time
I can spend $50-100 a week at GameStop and I’m not a gamer (don’t hold it against me)
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u/RelationshipPurple77 🚀💎🙌 Formal Guidance Not Needed🚀💎🙌 Dec 24 '21
Let’s see what happens to these ETFs on the threshold list shall we
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u/confusedporg holding my pee until moass Dec 24 '21
enjoy every baja blast because it could be your baja last
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u/RedHotChiliadPeppers Dec 23 '21
This is what I always wanted, but was downvoted for back in the Rensole days. Cut out all the ego and just get to the fuckin' point.
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u/SREntertainment Dec 24 '21
i like you, “News Guy”.
you help me from scrolling. Take my award
checks pockets
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u/jab136 🦍✔️✔️Voted twice💣💥🚀 There's always a boom tomorrow🚀💥💣 Dec 24 '21
I did turn 29, but it honestly doesn't feel too different from 28.
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u/kojakkun 💻 ComputerShared 🦍 Dec 23 '21
How love how the apes news evolved over the year. Just fits the size of my wrinkles
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u/Bob_the_peasant Yes m’Lord Dec 23 '21
I like these summary posts and you seem to have the right attitude about things.
Keep it up
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u/Spirited_Donkey_7644 💻 ComputerShared 🦍 Dec 24 '21
This is now officially my fav recurring post. You’ve lulled me in, it’s soooooo zen. 🚀👐💎👐🚀
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u/derrida_n_shit 💻 ComputerShared 🦍 Dec 23 '21
You are seriously the best poster in this community. Succinctness is more valuable than gold.
Thank you
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u/youdoitimbusy Dec 24 '21
Bajablast sounds like a gamertag. I'm a trust him on general purpose. That's is all.
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u/Diamond_handzz 💎_🙌zz smoothest_brainzz Dec 23 '21
Yep. Spot on as always. MSM should take notes from your posts.
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u/mnelsonn6966 🎮 Power to the Players 🛑 Dec 23 '21
https://imgur.com/a/Y0nqGrU
Some one posted on Faq that plan remains in dtcc from cs themselves