Welcome! Sadly reddit has been suppressing DRS talk for awhile now but luckily we found a place to discuss and push for more advocacy
lordslayer99
joined 1 year ago
The stock has moved to expert market which retail cannot buy on after the SEC changed rules back in 2021. Many people are DRSing to prevent their broker from force liquidation however I am not sure how it works on Trading 212.
We are currently waiting on an updated plan to see if we are going to be liquidated which as of the recent 8k we may have an effective date of September 30.
Those are some good edits! I agree it will be important to discuss our interview with Gary as it helps give us some more authority. Making the statement broad is a good idea as it can help demonstrate the actions unions can take as shareholders and all the benefits. We can edit this letter and then create a list of unions and contact information so we can begin networking. We should also make a letter for asset managers and pension funds for DRS as they will be key in spreading information
The way I understand is that FTD are a symptom of infinite liquidity for what they are unable to close out. When there is huge action and more buys are going on this is when they lose control and we see more FTD.
In the congressional hearing they even mention that infinite liquidity is just part of the system as they try to allow everyone to buy.
They have had years to learn how to hide their crime. It’s a mix of PFOF, FTD, swaps and probably much more that we have yet to uncover that allows them to hide it all from both us and the SEC. The issue is they have the tools and with both a hedge fund and a market maker branch are able to internalize everything in their system preventing outside eyes. Are there other metrics that we are missing? Is the Consolidated audit Trail (CAT) not enough and have loop holes we have not noticed. What about the netting system?
The only way we are able to find out and take away liquidity is to DRS. Eliminate the middleman and take back ownership
I have been looking into this more and have identified a few groups: Climate Action 100, SOC investment Group, ShareAction, Follow This. I have reached out regarding some of these with questions and am waiting a response back. From what I can see we are creating something that has never been done before especially with us having our shares in DRS. From what I can see you become a member by holding a share in the company and contacting the AIG. You then become a member of the AIG in support of a common voice. There are some AIG that are located in London and Amsterdam so it may be possible for it to be international.
Welcome to Lemmy! Great to have you here and can't wait to see your post joining the fediverse
Surprised I didn't get a ban for explaining what it is
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.