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What’s Going On With GME???
- Thread starter I Really Mean It
- Start date
let us pray brehs
I Really Mean It
Veteran
Got my dividends.
Got my dividends.
on schwab, the price changed but I still have the same amount of shares and it's now showing i'm down 76.93%.
it's 2:23am so they have until market open to correct it.
edit:
schwab showing dividends by 2:53am.
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Black Mamba
Superstar
It can take 1-6 business days for my shares to appear. I'm using wealthsimple trade(Canada)
I don't even know if I should buy shares now or wait
edit: got my shares.
Time to buy some more
I don't even know if I should buy shares now or wait
edit: got my shares.
Time to buy some more
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ok just checked the price and wondered wtf happened…didn’t realize they did a split
the way the stock dividend works is that the GameStop's transfer agent computershare gives out the additional shares to shareholders on record and then distributes the rest to brokerages who request X amount. this process skips the market maker who creates synthetic shares providing unlimited liquidity.
some shareholders mostly in overseas brokerages are reporting that they've been informed it'll take days to receive their dividend shares. shareholders are also reporting that their shares are being sold and repurchased.
it's been theorized that the reason the share price is going down is because brokerages are selling gme shares on the open market and buying synthetic shares including the dividend amount they need in dark pools. the selling drives the price down while the buying through darkpools has little to no effect on price discovery.
now the 'dividend' shares some shareholders at few brokerages likely received are synthetic shares that were just bought from a market maker in a dark pool that will undoubtedly lead to an FTD(Failure-to-Deliver).
they found a way to kick the can a little longer, just not sure how much longer.
some shareholders mostly in overseas brokerages are reporting that they've been informed it'll take days to receive their dividend shares. shareholders are also reporting that their shares are being sold and repurchased.
it's been theorized that the reason the share price is going down is because brokerages are selling gme shares on the open market and buying synthetic shares including the dividend amount they need in dark pools. the selling drives the price down while the buying through darkpools has little to no effect on price discovery.
now the 'dividend' shares some shareholders at few brokerages likely received are synthetic shares that were just bought from a market maker in a dark pool that will undoubtedly lead to an FTD(Failure-to-Deliver).
they found a way to kick the can a little longer, just not sure how much longer.
Forgot about this- institutions will be buying these shares too.
I was going to say, they will definitely be buying shares through the dark pool and selling. This will take longer…
Black Mamba
Superstar
Damn good thing there’s laws in Canada that prevent shyt like them borrowing yoyr shares without you knowing
Hold up is this only on that brokerage. I had 14 (pre stock split) shares in Tdameritrade and I don’t even check that shyt anymore. Damn is it too late to drs my shares?
people have reported stock-dividend fukkery from multiple brokers.
you can still DRS your shares.
I Really Mean It
Veteran
The theft is so brazen. It’s clear they never held shares in the first place. and I’m positive this is widespread. This is so blatant that there’s no chance the GME community, as vocal a retail community there is, won’t pressure Cohen to respond. As Chairman, being beholden to the investors, he has to.
The theft is so brazen. It’s clear they never held shares in the first place. and I’m positive this is widespread. This is so blatant that there’s no chance the GME community, as vocal a retail community there is, won’t pressure Cohen to respond. As Chairman, being beholden to the investors, he has to.
it seems german GME investors are getting screwed by multiple brokers. users reporting that their dividend shares got deleted today.
list of german brokers that have deleted GME shares.
look at the timestamp,
Software
RIP Future Gohan
Simply ridiculous.
