1 yr. ago • 95%

Mainstar moving already DRS'd shares to DTCC account

"Any investments currently held in a DRS position will be moved to Mainstar's DTCC account."

So it seems next GameStop Form 10-Q may be minus 1,270,566 shares (from 4/21/2023 shareholder list with 667 Mainstar IRA accounts).

10 comments

Mainstar about to get the reddit mass exodus treatment.

4
- One hundred percent
  
  2
Seems they're really getting desperate.

4
- That's how I like to see it. They must really need those 1+ million shares if they are willing to risk people leaving. I'm sure not everyone will leave. But some will, and it only kicks the can another day.
  
  2
Thank you for sharing here!

Very curious as to what happened for them to change their minds like this.

4
Worth noting that IRA Financial is probably under-represented in the ledger since they typically transfer a client's shares into the client's LLC.

1
- For sure, they have started offering a FBO service like Mainstar (which had 3 accounts on the ledger), but it's becoming clear that the LLC route is the most secure and gives the most control.
  
  1
  
  I remember the good old days when if you bought something then you owned it and it was yours.
  
  5

You've viewed 10 comments.