12/15/2023 GameStop (GME) Estimated DRS count: 75,632,033

12/15/2023 Estimated DRS count: 75,632,033 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), DRS estimated counts, and other:

Holding	Number of shares	As of
ETFs	29,950,420	12/9/2023
MFs, Index Funds, Pension Funds, etc	35,549,240	12/9/2023
Other Institutional Ownership	30,102,685	12/9/2023
Insiders Stagnant	14,339,510	12/9/2023
Insiders	38,655,910	12/9/2023
DRS'd - 200k Computershare accounts	75,632,033	12/15/2023
Non-DRS - 200k acct 25% stuck in IRA	18,908,008	12/15/2023
Other	62,376,509	12/15/2023

• Total Outstanding on 11/30/2023: 305,514,315 (10/12/2023 was 305,241,294)
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• "Non-DRS - 200k acct 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.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,389,665 DRS shares (as of 11/21/2023). Long story of switching subs and losing their DRS share count. So added the "fix inadvertent" column to capture their DRS shares.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• It seems odd on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

Buy X number of shares a month	Multiply by 3 months per quarter	Total DRS per quarter if 100,000 active accounts	Total DRS per quarter if 200,000 active accounts
1	3	300,000	600,000
2	6	600,000	1,200,000
3	9	900,000	1,800,000
4	12	1,200,000	2,400,000
5	15	1,500,000	3,000,000

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:

If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:

• 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
• The 6 recurring buys alone should add 514,284 DRS shares.

Other 54 trading days:

• $200,000 / $14 a share = 14,285 shares a day
• 54 * 14,285 = 771,390 shares

Total:

514,284 + 771,390 = +1,285,674 DRS shares a quarter