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11/10/2023 GameStop (GME) Estimated DRS count: 76,038,774 (lemmy.whynotdrs.org)

submitted 1 year ago by [email protected] to c/[email protected]

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11/10/2023 Estimated DRS count: 76,038,774 ((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	76,038,774	11/10/2023
Non-DRS - 200k acct 25% stuck in IRA	19,009,694	11/10/2023
Other	61,801,800	11/10/2023

Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
Free float on 9/11/2023: 156,850,268
Thank you to lawsondt for the Bloomberg data to 9/8/2023.
Added Larry +6000 and Alain +15000 to Insiders number on 9/11/2023.
"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 1,388,490 DRS shares. Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

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[–] [email protected] 2 points 1 year ago (1 children)

I'd hazard a guess that we're well past Other of 61,801,800 shares in brokerages.

If only 200,000 Computershare accounts hold 76,038,774 plus non-conservative 50% additional stuck in IRAs (38,019,387) = 114,058,161 shares

Number of retail holders (non-Computershare account)	Number of shares	Total shares
2,000,000	50	100,000,000
4,000,000	50	200,000,000
2,000,000	100	200,000,000
2,000,000	150	300,000,000
2,000,000	200	400,000,000
2,000,000	250	500,000,000
2,000,000	300	600,000,000
2,000,000	350	700,000,000
4,000,000	175	700,000,000

I don't think it'd be a stretch to say 4,000,000 retail holders each hold 50 shares = 200,000,000

29,138,064 + 33,999,059 + 32,373,815 + 14,339,510 + 38,540,578 + ~60,000,000 reported short + 114,058,161 + 200,000,000 = 522,449,187

If 4,000,000 hold 175 shares = 700,000,000. 522,449,187 + additional 500,000,000 = 1,022,449,187

[–] [email protected] 0 points 1 year ago

So with the float well and truly locked. What is the catalyst going forward? I was thinking if smc went under. Potentially the floor from that sub would overwhelm gme