For those who missed the whole GameStop thing in 2021 - because it’s still happening!

Learn more about how you can still get involved:

If you aren’t up to date on what’s going on with GameStop or why people are still invested, watch this short video:

What’s happening now: The Splividend

Recently, GameStop issued a dividend in the form of shares of their stock. This is different from a normal stock split (where the stock you hold would simply be split), because in this case GameStop issued a set number of shares to be distributed by brokers to shareholders. In this case, they issued three shares for every share that had been issued. Thus if you had 5 shares, you would receive 15, for a total of 20.

Because of the shenanigans with GameStop stock and synthetic shares, the number of shares issued by GameStop will not cover all of the synthetic shares in existence. This could, in theory, force out into the open the fraud we’ve been calling out since January of 2021 (or earlier).

Already, some shareholders in Germany and elsewhere have found their brokers were unable to issue them the shares they were promised - and the DTCC here in America, which controls the flow of shares in the market, has instructed brokers to treat the dividend as a regular stock split. Which is in complete opposition to what GameStop said when they issued the shares to be distributed.

Here is GameStop’s statement on the issue.

If you have shares that are in a traditional broker, now is the time* to direct register them in your name and make sure you’re getting the shares you were promised.

If you don’t have GameStop shares yet, now is a great time* to buy shares through ComputerShare, the transfer agent for GameStop who handles direct registered shares on their behalf. No need to deal with corrupt brokers and their shenanigans!

For help on both of those, visit:

Decentralization in our financial markets is possible, and it starts with actually owning your shares in your own name (spoiler: if you use a broker, you don’t own your shares)

Learn more about how to direct register, especially for a stock like GME with so much manipulation.

Edit:

Adding this video to make a GME master post:

Hey all! I realized I haven’t talked about GameStop and the squeeze in a while. There’s been so much craziness and confusion that I didn’t feel like I could explain what was happening as it was happening.

So to sum up a lot of what’s been happening:

- Market makers are still making and shorting synthetic shares of GME

- The hedge funds have not CLOSED their short positions, and they CAN’T - not without igniting the MOASS (mother of all short squeezes)

- Before, we said buy and hold - and that seemed to work, but we realized they could keep kicking the can and using our shares to do so!

- That’s because the shares you buy through a broker aren’t actually in your name - they’re listed under Cede & Co. Think unaccountable shadowy corporation-ish-thing that controls basically our entire financial system. Honestly you don’t want to look to hard at it because it’ll just make you lose any faith you had left in the free market existing in America.

- Point is, there IS a way to put your shares in your name - direct register them! This actually puts a share in your name, and the market makers can’t touch it. They can’t short it, they can’t borrow it, nothing. It’s yours.

Here’s a guide that explains direct registering in more detail and why we need to do it.

And here’s a link to a version better suited for visual learners.

And most importantly, here’s how to direct register your shares.

(International apes, you can join in too!)

- We are already seeing that brokers are having a hard time direct registering, which means they are running out of “real” shares. We need as many people as possible to direct register and put public pressure on brokers to do their job. If the brokers have to admit they can’t direct register clients’ shares, they’ll have to start trying to buy real shares which will kick the price up and trigger the squeeze.

- Also, if you’re planning to buy more shares, you can buy them directly through ComputerShare and not need to go through a broker!