This is the thing that baffles me. What we know is the DRS number on the
quarterly reports was suddenly changed from the Computershare number to the Cede
number. What we believe is that this was done due to pressure from the SEC. What
would happen if a shareholder vote went through to publish both numbers side by
side? I find I cannot predict the result. Does the SEC actually have the right
to withhold auditing information from the shareholders? I doubt it.
I agree that the entries on the ledger would not be cumulatively more than the amount of issued shares, but I was under the impression that it would be possible to get an accurate tally of the DRS count from the ledger, which is what we seem to be lacking.
Personally I believe the numbers GameStop is reporting are accurate. I am not sure why they changed the language - and I can not claim to know exactly why we’ve been fairly stagnant for a year. I don’t want to make any assumptions that there is ill intent in one of the few primary source filings that retail has access to, and in one of the most key metrics of this saga.
(rough numbers) ~300mil issued shares and ~75mil DRS holders + ~225 shares held with Cede is the same regardless of which number you put first in the sentence. Either way, A+B=C or C-A=B, you know?
I agree that the entries on the ledger would not be cumulatively more than the amount of issued shares, but I was under the impression that it would be possible to get an accurate tally of the DRS count from the ledger, which is what we seem to be lacking.
I understand better what you had meant now.
Personally I believe the numbers GameStop is reporting are accurate. I am not sure why they changed the language - and I can not claim to know exactly why we’ve been fairly stagnant for a year. I don’t want to make any assumptions that there is ill intent in one of the few primary source filings that retail has access to, and in one of the most key metrics of this saga.
(rough numbers) ~300mil issued shares and ~75mil DRS holders + ~225 shares held with Cede is the same regardless of which number you put first in the sentence. Either way, A+B=C or C-A=B, you know?