https://www.reddit.com/r/Superstonk/comments/14pl47h/mainstar_moving_drs_shares_to_dtcc_account/
“Any investments currently held in a DRS position will be moved to Mainstar’s DTCC account.”
So checking Chives’ image: https://i.imgur.com/UjKYZfr.png
So it seems next GameStop Form 10-Q may be minus 1,270,566 shares (from 4/21/2023 shareholder list with 667 Mainstar IRA accounts).
Mainstar about to get the reddit mass exodus treatment.
One hundred percent
Thank you for sharing here!
Very curious as to what happened for them to change their minds like this.
Seems they’re really getting desperate.
That’s how I like to see it. They must really need those 1+ million shares if they are willing to risk people leaving. I’m sure not everyone will leave. But some will, and it only kicks the can another day.
Worth noting that IRA Financial is probably under-represented in the ledger since they typically transfer a client’s shares into the client’s LLC.
For sure, they have started offering a FBO service like Mainstar (which had 3 accounts on the ledger), but it’s becoming clear that the LLC route is the most secure and gives the most control.
I remember the good old days when if you bought something then you owned it and it was yours.
Ah physical ownership, simpler times. I cannot wait for web 3.0 to bring the same principle to digital assets!
Yeah, such a novel fucking concept.
