This is in response to a comment on the linked thread. Let me know what you all think.
Wording before the change was always:
As of M DD, YYYY, XX.XX million shares of our Class A common stock were directly registered with our transfer agent.
https://investor.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a
https://investor.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88
https://investor.gamestop.com/static-files/3a9d968d-b9f5-415a-877f-895d5ac83ed3
Wording after the change is now:
As of MM DD, YYYY, there were approximately XXX,XXX,XXX shares of our Class A common stock outstanding. Of those outstanding shares, approximately XXX.X million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately XX.X million shares of our Class A common stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares) as of June 1, 2023.
https://investor.gamestop.com/static-files/70a8632c-6308-4f16-8adc-7bdd65c39d89
I personally find it odd to now be laying out each holding party so blatantly. It also it begs the question, if Cede is acting on behalf of the DTCC, they could say ANY number as the number they "should" have.
Will Gamestop actually go out to put a future report like:
Cede has 75%.
Computershare has 35%
:)
doubtful, but they HAVE SEC record of what Cede said exist. To me it looks like a cover-their-own-ass style of reporting to the SEC. No reason to get yourself sued when you stand to make so much on a stock run (and publicity from movie, after movie, after movie).
I for one am fascinated to see what the next quarter claims. If we haven't moved at all, I venture to guess it's going to be a black-box-##'s-wise until it really starts to fuck shit up.
Notice the addition of the word approximately everywhere