12/1/2023 GameStop (GME) Estimated DRS count: 76,261,272 - DRSGME/WhyDRS Lemmy

12/1/2023 Estimated DRS count: 76,261,272 ((using today’s DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175) The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175 Bloomberg data (to 9/11/2023), DRS estimated counts, and other: |Holding|Number of shares|As of| |:-|:-|:-| |ETFs|29,138,064|9/8/2023| |MFs, Index Funds, Pension Funds, etc|33,999,059|9/8/2023| |Other Institutional Ownership|32,373,815|9/8/2023| |Insiders Stagnant|14,339,510|9/8/2023| |Insiders|38,540,578|9/11/2023| |DRS’d - 200k Computershare accounts|76,261,272|12/1/2023| |Non-DRS - 200k acct 25% stuck in IRA|19,065,318|12/1/2023| |Other|61,523,678|12/1/2023| * Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294 * Thank you to lawsondt for the Bloomberg data to 9/8/2023. * “Non-DRS - 200k acct 25% stuck in IRA” is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs. * “Fix inadvertent DRSbot offline or resets” is primarily whale #1’s 1,389,665 DRS shares (11/21/2023). Long story of switching subs and losing their DRS share count. So added the “fix inadvertent” column to capture their DRS shares. Discussion points: * It seems “odd” on some of the DRS count fluctuations since the beginning. * It seems “odd” on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts: |Buy X number of shares a month|Multiply by 3 months per quarter|Total DRS per quarter if 100,000 active accounts|Total DRS per quarter if 200,000 active accounts| |:-|:-|:-|:-| |1|3|300,000|600,000| |2|6|600,000|1,200,000| |3|9|900,000|1,800,000| |4|12|1,200,000|2,400,000| |5|15|1,500,000|3,000,000| * The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings. * Possible some investors have had to un-DRS. * Possible economic slowdown has reduced investor purchasing power. * Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing. * Tinfoil - forces inflating DRS shares 9 to 12 months back, then draining their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity. * Tinfoil - possible something funny with SEC filing reported number. * There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit He examines the bi-weekly recurring Computershare buys. If say average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter: 1,200,000 / 14 = 85,714 shares * 6 = 514,284 The 6 recurring buys alone should add 514,284 DRS shares.