9/15/2023 Estimated DRS count: 75,521,650 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)
The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175
Bloomberg data (to 9/11/2023), DRS estimated counts, and other:
Holding
Number of shares
As of
ETFs
29,138,064
9/8/2023
MFs, Index Funds, Pension Funds, etc
33,999,059
9/8/2023
Other Institutional Ownership
32,373,815
9/8/2023
Insiders
38,540,578
9/11/2023
Insiders Stagnant
14,339,510
9/8/2023
DRS 200k Computershare accounts
75,521,650
9/15/2023
DRS 200k accounts 25% stuck in IRA
18,880,413
9/15/2023
Other
62,448,205
9/15/2023
Total Outstanding on 8/31/2023: 305,241,294
Free float on 9/13/2023: 156,850,268
Thank you to lawsondt for the Bloomberg data to 9/8/2023.
Added Larry +6000 and Alain +15000 to Insiders number on 9/11/2023.
"DRS 200k accounts 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
From Richard Newton’s google surveys. I’ll have to go through his recent videos–thought he mentioned 30-50% stuck in IRA accounts, etc but will double check.
Insiders Stagnant generally refers to shares held by people that used to be insiders (former CEOs, and other executives). It is not known whether they have sold their shares or not.
From Richard Newton's google surveys. I'll have to go through his recent videos--thought he mentioned 30-50% stuck in IRA accounts, etc but will double check.
So is the DRS count stagnant now ? Where did the shares for insiders come from ? If the float is locked. Where are new shares to be bought coming from?
There isn't a infinity pool of shares ?
If Drs has locked/ removed 75mil. Basically half the float of 150. The other half is likely bought just not DRS.
Depends on your definition of stagnation. DRS is around 5,405 shares a day since 6/20/2023 Mainstar rugpull of -1.27 million shares.
The 38.54 million shares of Cohen, Nir, Alain, Lawrence, James, Xu, and Moore are either purchased in the market or granted from I believe the GameStop share pool. I think this pool's number is listed somewhere in a SEC form.
From the last Form 10-Q the last 3 months ended July 29, 2023 the number of outstanding shares increased 600,000. For last 6 months it increased 700,000. Stock vests around the shareholder meeting. Something like 8,772 shares granted to each board member. And they've been awarding longer term store employees with shares the past year or so.
Others can explain number of shares far better than me. I think there were a couple reddit posts over the summer looking into the amount of shorts and shares over the outstanding.
lawsondt's Bloomberg data post lists institutions holding GME. The usual suspects lending millions of shares out.