Short version:

Date DRS count Source
10/30/2021 20,800,000 Form 10-Q
1/29/2022 35,600,000 Form 10-K
4/30/2022 50,800,000 Form 10-Q
5/26/2022 47,016,408 List of stockholders
7/30/2022 71,300,000 Form 10-Q
8/15/2022 72,500,012 Whale #1 DRS’d 1,200,012 shares
10/29/2022 71,800,000 Form 10-Q
3/22/2023 76,000,000 Form 10-K
4/21/2023 76,265,982 List of stockholders
6/1/2023 76,600,000 Form 10-Q
6/20/2023 75,329,434 Mainstar rugpull -1,270,566
8/31/2023 75,400,000 Form 10-Q
11/30/2023 75,400,000 Form 10-Q

Long version:

Date Shares Comparing to previous date Filing Notes
10/30/2021 10-Q 5,200,000 (x4 = 20,800,000 DRS) “As of October 30, 2021, 5.2 million shares … were directly registered with our transfer agent, ComputerShare.”
1/29/2022 10-K 8,900,000 (x4 = 35,600,000 DRS) +14,800,000 DRS over 91 days “As of January 29, 2022, 8.9 million shares … were directly registered with our transfer agent, ComputerShare.”
4/30/2022 10-Q 12,700,000 (x4 = 50,800,000 DRS) +15,200,000 DRS over 91 days “As of April 30, 2022, 12.7 million shares … were directly registered with our transfer agent.”
5/26/2022 list of stockholders Total shares: 76,129,034 (x4 = 304,516,136) !! Owned by Cede: 64,374,932 (x4 = 257,499,728) !! Implied Non-Cede: 11,754,102 (x4 = 47,016,408 DRS) -3,783,592 DRS over 26 days
7/30/2022 10-Q 71,300,000 DRS +24,283,592 DRS from 5/26/2022 list of shareholders (over 65 days) or +20,500,000 DRS from 4/30/2022 10-Q (over 91 days) “As of July 30, 2022, 71.3 million shares … were directly registered with our transfer agent.”
8/15/2022 Whale #1 DRS’d 1,200,012 shares 72,500,012 DRS
10/29/2022 10-Q 71,800,000 DRS +500,000 DRS over 91 days (5,494 per day) “As of October 29, 2022, 71.8 million shares … were directly registered with our transfer agent.”
3/22/2023 10-K Owned by Cede: ~228,700,000 !! Non-Cede: ~76,000,000 DRS +4,200,000 DRS over 144 days (29,166 per day) “Excluding the approximately 228.7 million shares … held by Cede & Co on behalf of the Depository Trust & Clearing Corporation, approximately 76.0 million shares of … were held by record holders as of March 22, 2023.”
4/21/2023 list of stockholders Total shares: 304,717,022 !! Owned by Cede: 228,451,023.9 (+16) !! Non-Cede shares: 76,265,982.1 DRS +265,982 DRS over 30 days (8,866 per day)
6/1/2023 10-Q Owned by Cede: ~228,100,000 !! Non-Cede: ~76,600,000 DRS +334,018 DRS over 41 days (8,146 per day) “Of those outstanding shares, approximately 228.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 76.6 million shares … were held by registered holders with our transfer agent as of June 1, 2023.”
6/20/2023 Mainstar rugpull Minus 1,270,566 DRS shares
8/31/2023 10-Q Owned by Cede: ~229,800,000 !! Non-Cede: ~75,400,000 DRS -1,200,000 DRS over 91 days “Of those outstanding shares, approximately 229.8 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares … were held by registered holders with our transfer agent as of August 31, 2023.”
11/30/2023 10-Q Total shares: 305,514,315 !! Owned by Cede: ~230,100,000 !! Non-Cede shares: ~75,400,000 DRS 0 DRS over 91 days “Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares … were held by registered holders with our transfer agent as of November 30, 2023.”

Discussion points:

  • It seems “odd” on some of the DRS count fluctuations since the beginning.
  • There have been 2 “somewhat hidden” 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
  • 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.
  • Whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
  • Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
  • Tinfoil - possible something funny with SEC filing reported number.
  • bibic_jr@lemmy.whynotdrs.orgM
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    1 year ago

    Ah you know for all the time I’ve started at this infographic I never fully clocked it 😅

    Good to know it’s a reputable source at least!