Some of you may have seen in the other place a post recently about forming an AIG. I don’t think its a particularly controversial statement to say that most of the get-shit-done Apes are long gone from the other place. For the sake of brevity I’m going to call the Apes in the Miller eco-system the dream team. You know who you are.
Did the dream team ever look into the possibility of an AIG? Was there a serious discussion about forming one? Would an AIG actually help Apes reach 100% DRS of GME? Could it potentially put us at odds with the board at GameStop? Might it take away our current strength (decentralised individuals) and instead give the enemy a tangible target?
For all I know you’ve already got the ball rolling on this. Either way. Good, bad, ugly, it would be good to hear everyone’s thoughts.
Honestly whatever gets GameStop and market manipulation in the spotlight. The more people know about it the more likely something will need to be done about it. Keep making noise keep getting articles. Don’t let the fire die out.
There was always talk of be zen. Zen doesn’t change laws. Noise brings attention and new sets of eyes. Had GameStop not been in the news and all over wsb I’d never had got into it.
💯 escalate your commitment Apes
Reddit? It’s Reddit, right? As for AIG, the issue I’ve been having is GS hasn’t been reporting the difference in locked shares vs outstanding. We know it’s over 100% at this point. My fear is that big investors are going to keep playing their game until we’re back at 100% and then magically everyone will go “see! It ties out”, and all the diamond hands are left with nothing.
An AIG makes sense and we need to be pushing that sooner rather than later, just waiting is no longer in our favor. As for “being at odds”, we’re on the other side of the table, as a publicly traded company, GameStop has a fiduciary duty to us as stock holders. And we’re rightful stock holders, not those playing with shorts or floats.
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I have been doing some research on this and contacting organizations. You can find my posts here:
https://lemmy.whynotdrs.org/post/24204
https://lemmy.whynotdrs.org/post/173450
https://lemmy.whynotdrs.org/post/225079
An AIG will be perfect in using our voice within the market. It will give us more credibility with the SEC and the Company. We will be able to push for changes on DRS and if need be getting a board seat to speak to what we would like. There are so many changes that can be made with shareholder resolutions:https://www.whydrs.org/shareholder-proposals-guide
Sadly there is not that much information out there in how to create one. We will be the first of hopefully many. With this organization we can push for DRS in not only gamestop but also the whole market. ShareAction whom I have contact with targets Asset managers and Pension funds to support their proposals on ESG. This puts pressure on the company and encourages change and will gradually put pressure on other companies to do the same. Wall Street really does not like Activist investors as they mess with their game they have rigged. Imagine if household investors who are getting introduced more and more to the market learn about the power of shares and the benefits of being invested in a company.
Wall Street really does not like Activist investors as they mess with their game they have rigged. Imagine if household investors who are getting introduced more and more to the market learn about the power of shares and the benefits of being invested in a company.
This a million times over.
The larger Wall Street network and regime wants people to sit back and not be active. As such, getting up, being active, and organizing is their Achilles nutsack.
Thank you. There is a lot to go through. I knew there would be a great depth of knowledge here.
Hey there and welcome to Lemmy!
We have a community focused on this sort of discussion which is still growing (though it is certainly welcome here on DRSyourGME as well) - !activist_investing
You might also be interested in this recent topic:
I would be happy to be in such a group. And contribute with some money to hire lawyers to pursue some of the SHFs that are depreciating the price of our stock…
All an official group would do is give “them” someone to attack. It would also help build a bullshit case for market manipulation. Because, you know, when ordinary people holds a stock that the organized shorting fraud racket wants them to sell, that’s illegal market manipulation. Btw, I’m investing as heavily as I can in GME for years, and no clue what you are talking about with the ‘miller eco-system’.
This is the Miller eco-system. We’re standing in it. Miller had his vision of the way forward for pro-DRS. It wasn’t totally compatible with the mods at superstonk. So he made a separate sub-reddit, or several in fact, I’m hazy on the exact timeline. Superstonk was becoming increasingly censorious and the Miller-related venues were becoming the natural flagship for hashing out new ideas. Now this place. There’s a group of wrinkle brains who are involved with broadcasts on twitter. Some of them are right here in this thread in fact. And I’m grateful to see the DRS GME conversation is still in full force.
We’ll always be pushing to make sure there’s a place for people to connect, to research, and to grow.
Glad you made it here.
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No offense, but I think that’s shortsighted. AIGs get stuff done and are well-within legal bounds and something that have proven to be effective. As for things that could be done, here are some very strong possibilities from this post/comment:
- GME should work with Computershare so they (CS) can serve as a custodian for IRA’s. Ally and Mainstar have both walked back their support for DRSing IRAs. Computershare acting as a custodian as part of their contract with GameStop should allow for a cleaner solution.
- Revise the contract w/ Computershare w/ respect to their DirectStock plan, and provide more transparency to investors about both the ownership hierarchy of shares in the plan and the degree to which DirectStock shares are utilized for ‘operational efficiency’ - often 10 to 20%
- Issue a bulk of shares available for direct purchase by investors, similar to Home Depot’s Depot Direct. This would allow for GameStop to sell shares directly to investors, and would allow purchases to be “Pure DRS” without further steps or actions.
Edit - Adding in 4, 5, and 6 from my comments on this post.
- request that GameStop insiders (or at least board members) must hold their shares in Pure DRS, especially for vested shares that cannot be sold for a while.
- GameStop should consider becoming their own transfer agent when their contract with Computershare is up for renewal.
- Introduce pro reward incentives, like additional percentage off, for verified stockholders on their ledger.
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The system is set up against you. Know that the instant you get any level of success they’ll either change the rules or blatantly break the law.
