regolith

joined 1 year ago
[–] regolith@lemmy.whynotdrs.org 1 points 3 months ago

Since they are debt-free they can use the billions to buy US Treasuries or similar and use the interest as revenue for profitability or a dividend, for as long as they want. If the share price continues to go up and they issue more shares then they can further increase their interest revenue from treasuries.

 

Today's low: $185.10 Today's high: $726,715.62

[–] regolith@lemmy.whynotdrs.org 1 points 4 months ago

welp, glad that is over and done with.

 

I mean, besides money laundering...

[–] regolith@lemmy.whynotdrs.org 4 points 4 months ago

Personally, I don't think it's a rug pull. Worth noting that virtually all of the price action and volume is happening before market open. And there were some weird price swings after hours today from 51 down to 26 and back again, repeatedly for a short period of time. Without any evidence to support or refute anything my assumption is that major players are trying to make deals with each other, and some are successful while others are not.

[–] regolith@lemmy.whynotdrs.org 4 points 9 months ago

household investors

[–] regolith@lemmy.whynotdrs.org 12 points 10 months ago (1 children)

Is this where the term "douche-canoe" comes from?

[–] regolith@lemmy.whynotdrs.org 4 points 10 months ago

Let's say you have two accounts at ComputerShare with DRSed GME stock. One of the accounts is in pure Book form while the other is mostly Book but also has a few in Plan. If you had the opportunity to see your entry in the ledger, then you could confirm whether or not the ledger showed you as having exactly 1000, 500, or something in between. Anything less than 1000 would support the Heat Lamp Theory.

Another thing worth doing is just summing all the non-DTC/Cede entries in the ledger to the extent possible in the time allowed, to confirm that they add up to whatever the DRS total is for that day. I would expect that would only be possible if the ledger does not list all of the shares in Plan accounts under their respective household investor names.

[–] regolith@lemmy.whynotdrs.org 4 points 10 months ago (2 children)

But looking at the ledger you would be able to tally everyone else.

[–] regolith@lemmy.whynotdrs.org 4 points 10 months ago

At a certain point I will feel a strong need to check the ledger myself, just to make sure that I am on it :)

[–] regolith@lemmy.whynotdrs.org 7 points 10 months ago

There was some hypothesizing a while back (on SS and before Lemmy) that the initial drop or flatlining of the DRS trendline was due to hedgies having initially DRSed and then un-DRSed them, but I don't recall if that was ever generally agreed. This was about the time that the Heat Lamp Theory was introduced which seems to have more supporting evidence at this point.

[–] regolith@lemmy.whynotdrs.org 8 points 10 months ago

the timing of the increase in volume corresponds to the Heat Lamp Theory's conjecture, although there may have been other factors as well

[–] regolith@lemmy.whynotdrs.org 5 points 10 months ago

Net income Q4 2022 was $48 million, and their revenue during Q4 most years is around 2 Billion compared to around 1Billion for each of Q1, Q2, Q3.

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