Some of you may have seen in the other place a post recently about forming an AIG. I donāt think its a particularly controversial statement to say that most of the get-shit-done Apes are long gone from the other place. For the sake of brevity Iām going to call the Apes in the Miller eco-system the dream team. You know who you are.
Did the dream team ever look into the possibility of an AIG? Was there a serious discussion about forming one? Would an AIG actually help Apes reach 100% DRS of GME? Could it potentially put us at odds with the board at GameStop? Might it take away our current strength (decentralised individuals) and instead give the enemy a tangible target?
For all I know youāve already got the ball rolling on this. Either way. Good, bad, ugly, it would be good to hear everyoneās thoughts.
Super against this personally. Iāll join a group w/ any of you mfkers after this said and done.
Until then, weāre individual investors. No need to draw attention to the movement IMO.
More than 200,000 people already have the message and arenāt bound to throw fuel off the rocket mid-flight.
No offense, but I think thatās shortsighted. AIGs get stuff done and are well-within legal bounds and something that have proven to be effective. As for things that could be done, here are some very strong possibilities from this post/comment:
- GME should work with Computershare so they (CS) can serve as a custodian for IRAās. Ally and Mainstar have both walked back their support for DRSing IRAs. Computershare acting as a custodian as part of their contract with GameStop should allow for a cleaner solution.
- Revise the contract w/ Computershare w/ respect to their DirectStock plan, and provide more transparency to investors about both the ownership hierarchy of shares in the plan and the degree to which DirectStock shares are utilized for āoperational efficiencyā - often 10 to 20%
- Issue a bulk of shares available for direct purchase by investors, similar to Home Depotās Depot Direct. This would allow for GameStop to sell shares directly to investors, and would allow purchases to be āPure DRSā without further steps or actions.
Edit - Adding in 4, 5, and 6 from my comments on this post.
- request that GameStop insiders (or at least board members) must hold their shares in Pure DRS, especially for vested shares that cannot be sold for a while.
- GameStop should consider becoming their own transfer agent when their contract with Computershare is up for renewal.
- Introduce pro reward incentives, like additional percentage off, for verified stockholders on their ledger.
