The Investment Thread

Just mind blown again. Why the float of GameStop on several reporting sites went haywire. Reddit post (NSFW- language)

This post rose to the #1 post across Reddit overnight.

This has to end soon. Another biggie is ComputerShare. ComputerShare is the selling agent of GME shares used by GameStop.

Individual investors can direct register their shares into ComputerShare. You have to talk to your broker and do paperwork to begin the transfer. And when your shares get directly registered with ComputerShare then these shares are tough to sell. It takes weeks.

Individual investors are doing this at a massive scale. Many are only putting half their amount of shares into ComputerShare that they never intend to sell.

There is now reasonable belief that more than 30 million shares are now in ComputerShare. Brokerages are trying to stop this ASAP.

What happens if the total shares registered by ComputerShare is greater than the total number of Outstanding shares?

It’s called an infinity pool.