Some of you may have seen in the other place a post recently about forming an AIG. I don’t 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 I’m 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 you’ve already got the ball rolling on this. Either way. Good, bad, ugly, it would be good to hear everyone’s thoughts.
I would be happy to be in such a group. And contribute with some money to hire lawyers to pursue some of the SHFs that are depreciating the price of our stock…
The system is set up against you. Know that the instant you get any level of success they’ll either change the rules or blatantly break the law.
Honestly whatever gets GameStop and market manipulation in the spotlight. The more people know about it the more likely something will need to be done about it. Keep making noise keep getting articles. Don’t let the fire die out.
There was always talk of be zen. Zen doesn’t change laws. Noise brings attention and new sets of eyes. Had GameStop not been in the news and all over wsb I’d never had got into it.
I have been doing some research on this and contacting organizations. You can find my posts here:
https://lemmy.whynotdrs.org/post/24204
https://lemmy.whynotdrs.org/post/173450
https://lemmy.whynotdrs.org/post/225079
An AIG will be perfect in using our voice within the market. It will give us more credibility with the SEC and the Company. We will be able to push for changes on DRS and if need be getting a board seat to speak to what we would like. There are so many changes that can be made with shareholder resolutions:https://www.whydrs.org/shareholder-proposals-guide
Sadly there is not that much information out there in how to create one. We will be the first of hopefully many. With this organization we can push for DRS in not only gamestop but also the whole market. ShareAction whom I have contact with targets Asset managers and Pension funds to support their proposals on ESG. This puts pressure on the company and encourages change and will gradually put pressure on other companies to do the same. Wall Street really does not like Activist investors as they mess with their game they have rigged. Imagine if household investors who are getting introduced more and more to the market learn about the power of shares and the benefits of being invested in a company.
Wall Street really does not like Activist investors as they mess with their game they have rigged. Imagine if household investors who are getting introduced more and more to the market learn about the power of shares and the benefits of being invested in a company.
This a million times over.
The larger Wall Street network and regime wants people to sit back and not be active. As such, getting up, being active, and organizing is their Achilles nutsack.
Super against this personally. I’ll join a group w/ any of you mfkers after this said and done.
Until then, we’re individual investors. No need to draw attention to the movement IMO.
More than 200,000 people already have the message and aren’t bound to throw fuel off the rocket mid-flight.
No offense, but I think that’s 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 IRA’s. 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 ‘operational efficiency’ - often 10 to 20%
- Issue a bulk of shares available for direct purchase by investors, similar to Home Depot’s Depot Direct. This would allow for GameStop to sell shares directly to investors, and would allow purchases to be “Pure DRS” 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.
