The Investment Thread
https://news.gamestop.com/stock-split
GameStop just released a statement about the stock dividend. Essentially they gave out approximately 220 million shares to their transfer agent (ComputerShare) and the DTCC.
The DTCC, however, clearly communicated with brokerages that they should just split the stock and divide the price by 4.
Many brokerages (and all international brokerages) have publicly said they haven’t received any shares from the DTCC. Further- they said that the DTCC directed them to just split the stock instead of issuing more shares via the dividend.
Where’s the shares Lebowski? Smells like international securities fraud from our very own Depository Trust Company.
Worth mentioning that GameStop in there prospectus said that if the DTCC is unable to perform any dividend in the correct format (within 90 days) that they reserve the right to pull out of the exchange entirely. (Rumor is they are building a new exchange for companies to use that incorporates blockchain technology).
https://news.gamestop.com/stock-split
GameStop just released a statement about the stock dividend. Essentially they gave out approximately 220 million shares to their transfer agent (ComputerShare) and the DTCC.
The DTCC, however, clearly communicated with brokerages that they should just split the stock and divide the price by 4.
Many brokerages (and all international brokerages) have publicly said they haven’t received any shares from the DTCC. Further- they said that the DTCC directed them to just split the stock instead of issuing more shares via the dividend.
Where’s the shares Lebowski? Smells like international securities fraud from our very own Depository Trust Company.
Worth mentioning that GameStop in there prospectus said that if the DTCC is unable to perform any dividend in the correct format (within 90 days) that they reserve the right to pull out of the exchange entirely. (Rumor is they are building a new exchange for companies to use that incorporates blockchain technology).