this post was submitted on 19 Jan 2024
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DRS Your GME

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1/19/2024 Estimated DRS count: 75,883,224 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

Holding Number of shares As of
ETFs 29,950,420 12/9/2023
MFs, Index Funds, Pension Funds, etc 35,549,240 12/9/2023
Other Institutional Ownership 30,102,685 12/9/2023
Insiders Stagnant 14,339,510 12/9/2023
Insiders 38,655,910 12/9/2023
DRS'd - 200k Computershare accounts 75,883,224 1/19/2024
Non-DRS - 200k acct if 30% stuck in IRA 22,764,967 1/19/2024
Other 58,268,359 1/19/2024
  • Total Outstanding on 11/30/2023: 305,514,315
  • Thank you to lawsondt for the Bloomberg data to 12/9/2023
  • "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
  • "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
  • Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Will continue using 1,390,995 in fix inadvertent unless those recipients feed DRSbot.

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 and inflation have reduced investor purchasing power.
  • Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - certain parties 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.
  • 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. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:

If 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 shares
  • The 6 recurring buys alone should add 514,284 DRS shares.

Other 54 trading days:

  • $200,000 / $14 a share = 14,285 shares a day
  • 54 * 14,285 = 771,390 shares

Total:

514,284 + 771,390 = +1,285,674 DRS shares a quarter

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