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GME Australia
cross-posted from: https://lemmit.online/post/14247 > ##### This is an automated archive made by the [Lemmit Bot](https://lemmit.online/). > The original was posted on [/r/Superstonk](https://old.reddit.com/r/Superstonk/comments/14hm02p/gme_daily_directory_new_start_here_discussion_drs/) by [/u/AutoModerator](https://old.reddit.com/u/AutoModerator) on 2023-06-24 07:01:23+00:00. > *** > [GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com/) > > GameStop [Investor Relations](https://news.gamestop.com/) > > **Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) > > How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? > > [Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) > > Other [GME Subreddits](https://www.reddit.com/r/Superstonk/about/wiki/index/gme_communities/) > > 🙋 [What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) > ==================================================================================================================================================== > > 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) > ========================================================================== > > > > > A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you > > > > > > > > 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/139sfdo/may_2023_computershare_megathread_with_updated/) > ================================================================================================================================== > > > > > Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! > > > > > > > > 🍌 [Monthly Open Forum](https://www.reddit.com/r/Superstonk/comments/12e2b7r/monthly_open_forum_april_2023/) > =========================================================================================================== > > > > > Each month, we will host a Monthly Open Forum (our monthly meta post) where you can ask questions relating to the sub, share your rants, raves, suggestions for improvement, etc. > > > > > > > > 📜 Petition against FTDs Europe > ============================== > > > > > Failure to delivers are undeniably the most destructive market practice, so [here's a petition to force european governments and representatives stop it!](https://www.europarl.europa.eu/petitions/en/petition/content/0775%252F2022/html/Petition-No-0775%252F2022-by-A.P.-%2528German%2529-on-the-enforcement-of-Regulation-%2528EU%2529-No-909%252F2014-on-improving-securities-settlement-in-the-European-Union-and-on-central-securities-depositories) **Everyone can sign it, not just EU residents**. For more details, please check this post: <https://www.reddit.com/r/Superstonk/comments/1084sja/eu_regulators_want_to_postpone_indefinitely_the/> > > > > > > > >
Tldr: stock rose by 35% this year, following significant insider purchases. Amid leadership changes and cost-cutting, Australian investors grapple with CommSec's discontinuation of Direct Registration System (DRS) transfers for GameStop shares. - GameStop (GME) stock has recently seen significant insider buying activity. On June 9, GME Director Alain Attal purchased 10,000 shares and Director Lawrence Cheng bought 5,000 shares. Cheng also bought an additional 5,000 shares earlier in the year on March 29. - GME stock has surged more than 35% in value so far this year. - GameStop is going through many changes, with leadership transitions and cost-cutting practices being implemented. The company reported a net loss of $50.5 million in Q1, an improvement from a net loss of $157.9 million a year ago. Sales for the quarter totaled $1.237 billion, down from $1.378 billion last year. - Ryan Cohen has been appointed as Executive Chairman of GameStop. Shareholders have high expectations that Cohen will be able to revitalize the company. - On the Australian Reddit forum "GMEmate", there have been discussions about Direct Registration System (DRS) transfers. A post was made indicating that CommSec International has stopped supporting DRS transfers. However, I was not able to find a complete and clear answer to the current status of DRS transfers with other Australian brokers. - It appears that some Australian GameStop investors are considering moving from CommSec to other brokers such as Interactive Brokers or Stake for the purpose of DRS.
The shares are running out! 
1. **RC Ventures and Buy Buy Baby**: RC Ventures is listed as a creditor in the bankruptcy proceedings of Buy Buy Baby. This could mean that RC Ventures bought bonds from the company or is owed money from past dealings. Some suggest that Ryan Cohen, who runs RC Ventures, might be interested in bidding to buy Buy Buy Baby or could be paid back in assets instead of money. 2. **Citadel Bankruptcy Rumors**: There are discussions about a podcast that claimed several financial firms, including Citadel, were close to bankruptcy during the 2020 market crash caused by the COVID-19 pandemic. While some find this plausible given the sharp drop in the S&P 500 at the time, the consensus seems to be that this is no longer a significant concern because the government and banks bailed out these firms. There's also a rumor that Ben Bernanke is paid $20 million a year by Citadel, but this was acknowledged as unconfirmed in the discussion. 3. **Blockbuster Revival**: Ryan Cohen liked a tweet from Blockbuster, which led to speculation on its potential revival. One theory posits that Blockbuster was shorted excessively and if any shorts remain open while it resurrects, it could lead to significant market turbulence. 4. **Pulte Tweet**: Ryan Cohen liked a tweet from Bill Pulte, which led to various interpretations. Some expressed frustration with the continuous speculation, while others speculated about possible meanings such as a takeover or connection with WiseKey. 5. **2022 Q3 Results** The company's third quarter fiscal year 2022 results were shared. 6. **Stock Price** The stock price of GameStop also drew attention, with a decrease of 1.09%. The stock's average volume over the past 30 days was about 1.65 million shares. Buy, Hodl, DRS, Book
**On Thursday June 15th at 9:30 AM CT you will be able to go to the following link and log in with your control number where you can listen in on the meeting.** - June 15th at 09:30 CT - June 15th at 22:30 AWST - June 16th at 00:00 ACST - June 16th at 00:30 AEST ## LINK: [www.cesonlineservices.com/gme23\_vm](http://www.cesonlineservices.com/gme23_vm) ## HAVE YOUR CONTROL NUMBER READY
## So what is going on? https://www.drsgme.org ## Resources for Transferring to ComputerShare from our Brokers & Superfunds All Brokers - [DRSGME.org](https://www.drsgme.org/register-from-broker) Example Brokers - check the DRS site or failing that GMEmate subreddit * ANZ * CommSec - **Stopped supporting DRS last week** * CMC Markets * Etoro * IBKR * IG Australia * NAB * SelfWealth * St.George * Stake * Superhero * tastytrade * Westpac ## Buy, Hodl, DRS, Book
