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GMECanada
# We Like The Stonk, Eh? [!gmecanada@lemmy.ca](https://lemmy.ca/c/gmecanada): A place for Canadians who are activist and/or engaged 'household' investors in GME:NYSE (Gamestop) to chat with each other about current events. [NEWCOMERS: READ THE FAQ POST](https://lemmy.ca/post/618443) FOR DRS, TAX, BROKER INFO ## MAIN main rule: Don't be a knob Other Main rules: * Please do not discuss your personal floor/sale price, or the size of your position. It's up to you and you alone, don't try to influence others. No pressure, no shame. * NO REFERRAL CODE or SIGN-UP SPAM. User ban for violators. For FULL rules, consult the Rules section of this sub. --- NOTE [The FAQ section has moved to its own pinned post](https://lemmy.ca/post/618443). If you're a new CanadApe and haven't read the FAQs, go do it now! I'll wait. ~~ 🎶 ♫ Intermission ♪ 🎶 ~~ **Feeling refreshed? You read and studied all the links in the FAQs post up there right? Good job, I knew you could do it.** -- *Think a post on this sub deserves addition to the above recommended reading?* Please msg the mods. -- Disclaimer: All above content here and in linked sources is user-contributed DD ('Due Diligence'), and neither the mods nor any other entity takes any responsibility for accuracy of content. Not financial advice. Do your own follow-up research, verify and use your own judgement. Good Day eh?
## READ THIS YOU HOSERS :P Please read the links below before starting new discussions about taxes, DRS, purchasing directly through CS after creating an account, or CDIC/CUDIC account insurance. A lot of info has already been compiled by smart Maple Apes so you should read it. --- [**INFO ON TAX PREFERRED ACCOUNTS, DRS, TAX IMPLICATIONS:**](https://archive.is/e7ccW) --- [**DRS With BMO: The Ultimate Guide**](https://archive.is/DYPcR) Use this VERY good guide for how to use BMO InvestorLine to DRS. **EDIT**: As of April 1, 2023 BMO sadly no longer offers free DRS transfers. Fee is reportedly $100 per DRS transfer, per security. If anyone knows of a new, better DRS option pls post! --- ## Other DRS Info: [**DRS PROCEDURES FROM CANADA (may apply in most respects to other internationals as well):**](https://archive.is/ZoOp4) [**Guide to executing a DRS from Canada, for all major Canadian Banks ('the big five')**](https://archive.is/vJjLz) ## **BMO Transfer Form (if you want to take advantage of BMO's ~~zero-cost~~ DRS -- all Canadian brokers now charge to DRS, even BMO as of April 1st, 2023)** https://www.bmoinvestorline.com/selfDirected/pdfs/PersonalAccountTransfer_static.pdf ## I DON'T WANT TO WAIT 4-6 WEEKS FOR MY COMPUTERSHARE ACCOUNT AND VERIFICATION CODE LETTERS! If you call ComputerShare about 4-5 business days after requesting your first DRS with your broker, you can ask CS to *expedite* the post letters for your account # and (again call to expedite) your verification code. Each expedited post request costs about $42 USD. More recently, CS has begun to offer an email option (for only the second step, the verification #) for $30USD. Reportedly one will receive the email with verification # within 72 hours. ## WHAT IS MY FOREIGN TAX NUMBER? WHAT DO I PUT THERE ON MY CS FORM? For Canadians, just put your SIN. ## HOW TO DO DIRECT PURCHASES FROM CS -- BMO Harris Computershare will accept the Transit/Routing number 071025661 which is for BMO Harris, The BMO US bank division. 1-888-214-6720. I was able to set up a Cross-Border US account with them over the phone, and Computershare's Bank link accepts its info. Paypal will also let you transfer USD balance directly to BMO Harris. Confirmed as of Dec. 17 2021 that one can buy stock on Computershare using BMO Harris. ## HOW TO DO DIRECT PURCHASES FROM CS -- Wise (formerly TransferWise) See [this helpful post for how to purchase from Computershare via Wise](https://archive.is/BnPG1) Thanks to u/YolAloY There are other institutions as well that offer cross-border US chequing accounts accepted by Computershare -- if anyone can send institution names, their transit/routing numbers and screenshots/instructions, I will list here. ## WHY DOESN'T GME SHOW UP ON COMPUTERSHARE'S SITE WHEN I SEARCH FOR IT? Did you make sure you're in the USA section of Computershare's site? Check the Country setting in the upper-right of the website (desktop web view). Computershare Canada is a **totally separate entity** from Computershare USA, and doesn't handle *any* US listed securities. --- **If your broker seems to be stalling DRS (eg. no account movement after 10 business days, or what your broker representative has quoted you at DRS request), consider asking them the following** * What does your Service Agreement state as the maximum number of days to process Direct Registration of Shares requests? * Are you holding real shares for me? Or just a contract for difference? * Can I please have the name and direct number for the head of the Fulfillment Center? I’d like you to transfer me because I don’t think you are in compliance with the law stating you need to acquire and hold the securities that I paid for. .. and **Please** be considerate, patient and kind to your rep. They may have no idea what is transpiring. --- ## **HOW TO FILL OUT A W-8BEN Form For Canadians** https://cansumer.ca/w-8ben-form-instructions/#how-to-complete-w-8ben-form-for-an-individual-in-canada Another guide with step-by-step guides on how to fill out the form, as well as info on workarounds if you get strange timeout errors trying to do it is here: https://www.drsgme.org/fill-out-w8-ben-form (*thanks to u/Bibic-Jr*) --- ## **1. How to Move From PLAN to BOOK on Computershare** The ways to do it, without letting the fractionals get sold, are detailed here: https://www.drsgme.org/converting-plan-to-book (*thanks to u/Bibic-Jr*) --- ## **2. How to ensure DRS Shares are BOOK and fully withdrawn from the DTCC** On the CS USA website: **DO THIS OUTSIDE OF TRADING HOURS OR YOUR FRACTIONAL SHARES MAY BE SOLD INSTANTLY**. EDIT: Recent findings suggest one **may** actually want to let fractionals go, then turn off DSPP/Plan and auto-buy, to ensure one's entire account is in BOOK and truly inaccessible to the DTCC for bogus short-seller 'locates'. NFA -- there is still discussion on this topic, but if you still wish to hold onto fractional shares in DSPP, take the preceding into consideration. 1. In your Portfolio, on each holdings entry click View Details -> Actions 2. Choose Change Plan Election. 3. Choose TERMINATE -- this moves them to 'BOOK' status. 4. Now Go to Check Activity -> Pending Transactions. 5. Open the GameStop entry there; if you see any SELL pending, cancel it right away. This should keep your fractional shares (NOTE pending fractional sales may take a while to show up: return to Step 4. until you see it!) --- [**AFTER MOASS: Norbert's Gambit, a way to move USD to CAD avoiding unnecessary currency exchange charges:**](https://archive.is/uwpt9) --- *Think a post on this sub, or others, deserves addition to the above recommended reading?* Please msg the mods. --- Disclaimer: All above is user-contributed DD ('Due Diligence'), and neither the mods nor any other entity takes any responsibility for accuracy of content. Not financial advice. Do your own follow-up research, verify and use your own judgement. Good Day eh? -Arghblarg
Normally I avoid linking to the old sh$thole here ('cuz you know, f*ck u/Spez), but this is an exception. --- DFV posted DIRECTLY to 'stonk: https://www.reddit.com/r/Superstonk/s/8TNza7V2IN Discussion over on the 'stonk sub: https://old.reddit.com/r/Superstonk/comments/1d6r84q/roaring_kitty_theroaringkitty_on_x/ Twitter post tonight: https://x.com/theroaringkitty/status/1797418617908154621?s=46&t=C7yuUBuPnwEdJziHIhO53w
--- 🟩 70 minutes in: $21.40 / 19,86 € (volume: 168513) 🟩 65 minutes in: $21.18 / 19,65 € (volume: 160236) 🟩 60 minutes in: $21.07 / 19,55 € (volume: 157020) 🟩 55 minutes in: $21.02 / 19,51 € (volume: 149683) 🟩 50 minutes in: $20.98 / 19,46 € (volume: 140442) 🟩 45 minutes in: $20.95 / 19,43 € (volume: 133779) 🟥 40 minutes in: $20.77 / 19,27 € (volume: 127291) 🟩 35 minutes in: $20.80 / 19,30 € (volume: 123795) 🟥 30 minutes in: $20.77 / 19,27 € (volume: 116641) 🟥 25 minutes in: $20.78 / 19,28 € (volume: 108008) 🟩 20 minutes in: $20.80 / 19,30 € (volume: 101356) 🟩 15 minutes in: $20.49 / 19,01 € (volume: 90143) 🟩 10 minutes in: $20.43 / 18,95 € (volume: 75814) 🟩 5 minutes in: $20.31 / 18,85 € (volume: 57289) 🟩 0 minutes in: $19.56 / 18,15 € (volume: 43187) 🟥 US close price: $17.46 / 16,20 € ($17.39 / 16,13 € after-hours) US market volume: 36.83 million shares ---
What does this mean? New levels of ass-covering for bank malfeasance, or just the regular sort of opacity? Also see the original 'interim' declaration: https://www.osc.ca/en/securities-law/instruments-rules-policies/5/52-502/ontario-instrument-52-502-exemption-national-instrument-52-112-non-gaap-and-other-financial and https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/rep-rap/blueprint-plan-directeur/Pages/supervision-surveillance-let.aspx Thanks to re⊃⊃it user JackTheTranscoder for links.
www.ctvnews.ca
Look busy; the boss is coming!
Was there ever any connection between the token and the security it claimed to be backed by? On the flipside, when done legitimately, a tokenized security could be a way to fix the fuckery. Digital dividend or FTX fraud, two sides of the same technocoin. We’re living a cyberpunk novel from the 80’s, a warning that wound up a template, and the battlefield is the blockchain as we hold and hodl. It’s been a wild ride, and it’s going to get wilder. Gene Wilder wilder.
Good video by Richard Newton updating the whole GME story from the start up to today.
This occurred today when I tried updating/deleting old comments via the Redact tool, on the old super-stonk sub. Guess they're afraid of losing their captive Apes!
i can't seem to get Lemmy to load an animated GIF, anyone else have that? It throws me back a syntax error in the JSON file.
(Credit to rexxit user u/JackTheTranscoder) Could this be the start of a big foreign ownership dump?
With RC showing up in the dockets and all the other cohencidences, I am still convinced there are connecting threads between these two entities. The past weeks of court dates have been both frustrating and tit jacking all at once, and soon we should know the who/what/how’s of it all. Scan the red packet to pickup one of these nft’s if you also think RC is not done with this play yet, and that it’s all going to tie together with a big green bow.  
[This](https://redact.dev/download) is a great tool to overwrite your posts with random words and a link to get others to consider doing so as well. Once my comments are all gone, I'm gonna delete the posts too. EDIT: ...and I'm perma-banned :) They didn't like me mentioning lemmy.whynotdrs.org in my farewell blurbs.
www.cbsnews.com
Credit to rexxit user RedditIsOwendByTheWS *(Text below, linked site has annoying auto-play videos.)* July 11, 2023 / 12:00PM / CNN By Matt Egan and Jeanne Sahadi, CNN NEW YORK - Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations of various consumer financial protection laws. As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay more than $100 million to customers and $90 million in penalties. The Office of the Comptroller of the Currency also ordered Bank of America (BAC) to pay $60 million in fines. The bank is the second largest in the United States, serving 68 million individuals and small businesses. Some of the charges are reminiscent of the Wells Fargo scandal last decade that involved opening millions of bank accounts without customer authorization. "Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent," CFPB Director Rohit Chopra said in a statement. "These practices are illegal and undermine customer trust. The CFPB will be putting an end to these practices across the banking system."
 One of the moments when i knew this situation with wallstreet was serious was when posts started disappearing and one ape took it on themselves to start backing up the community’s communications. u/Elegant-Remote6667 has gone to amazing lengths to archive and, just as importantly, make available all the facts, fun, and fud of the last couple years and for that I am grateful. Those who forget history are doomed to repeat it, so I am glad once all the shit goes down and fingers start getting pointed that apes will have a trove of date stamped proof that we were not the baddies, that we figured things out early, and that we tried our best to comment against and warn of what was coming. Thanks Elegant for apehistorian.com and everything you’ve done, and as reddit comes off the rails, I hope our decentralizations don’t prove to be an end to the archive. ...haven't figured out how to crosspost on Lemmy yet...
goo.gl
Now as a Tourist Attraction rather than an Historical Landmark. Let's see if they take it down again.
 hmmm, having trouble getting Lemmy to load all the pics in the post, keep getting a syntax error message with the first character or somesuch, so until that's sorted I'll just post this one pic here, but look around for other versions with the red packet for the NFT. As subs, posts, and people continue to be removed on Reddit, as banks look shadier and more suspect, apes have shown their resilience and adaptability by migrating their communications to multiple subreddits, multiple chats, multiple wallets, multiple brokers and DRS accounts... Now there’s places to find apes on Lemmy, Discord, Twitter and elsewhere, and apes using Loopring and Gamestop wallets for an array of functionality. We’re like a game of whack-a-mole for the status quo, but with hundreds of thousands of moles, a growing number of holes to pop out of, and still only one ban hammer. Let us know in the comments what decentralized service you’re liking these days, I’m digging Lemmy as a fallback when Reddit’s last embers fade. Power to the decentralized apes!
(credit to reddit u/Resologist and u/L3theGMEsbegin) 11,237 Canadian accounts! And, only the Yanks have more? [https://preview.redd.it/i4gyoyejfs8b1.png?width=960&format=png&auto=webp&v=enabled&s=650b9f7f2fe37d3d7161bf53b77fff4189d7eef1](https://preview.redd.it/i4gyoyejfs8b1.png?width=960&format=png&auto=webp&v=enabled&s=650b9f7f2fe37d3d7161bf53b77fff4189d7eef1) Thank you, u/L3theGMEsbegin .
I made a DRS request in oct 2022(actaully when i realised and complained, intial transfer was ealier) the tranfer was completed without my cost basis attached to the shares. Customer service Tom gave me some BS that they didnt have the proper software to send cost basis to computershare, that was in oct 2022. Last month I poked them again via email, insert where are my balls Summer but for cost basis. They tried to say my transfer had been 'completed', I pointed out the fact thag since my cost basis had not been transfered it was not complete. They sent me the PDFs with my cost basis, 190 and change. After I recieved that info I requested a refund on my tranfers, which for questrade was 300 USD, three quarters the value of the shares transfered. I was kind of suprised that they offered me half the trasaction value as a refund. Due to time and effort I accepted the 150 USD bullshit pay off. Anyone want to guess what company that refund is getting directly invested into? edit: spelling...fumbly thumbs
My soon to be ex bank has problems with me using my debit card to buy LRC and L2 eth with MY money. This has been a thing for more then a year. They approve it once, then lock my mobile app and next ramp transaction. Yesterday was the last straw, not only did they stop me from getting a LRC for a loopland avatar(which I am super stocked to play). Customer support hung up on me because they didnt want to wait for me to recieve the complaint form email to my inbox(which I still havent got). I have some liquidity pool LRC to devest and buy an avatar for me and my partner. But I wanted 100$ CAD of LRC cause I think it is also on sale. However with no easy way to obtain it I had to just do the only logical option. I sent all my money that was going to be crypto into my wise and bought that much in Gamestop shares. I dont need someone to manage my monitary transaction and I sure as fuck am not banking at a place that stops me from spending my money. Thanks for reading, as always be wonderful to others and do not let anyone tell/influnce you how to spend you money.
--Credit to reddit u/JackTheTranscoder [Money can't buy me happiness...](https://www.youtube.com/watch?v=iSBLmhpA8Ig&list=PLQSuAQ-z8zOebXNmNVP1-FTf5eIYOh2Do&index=93) BACKGROUND The [Canadian Deposit Insurance Corporation](https://www.cdic.ca/) insures [Canadian bank deposits](https://www.cdic.ca/your-coverage/protecting-your-deposit/) just like the FDIC does in the US, [to the tune of $100,000 per person per type of account](https://i.imgur.com/IfR5Eel.png). The CDIC is empowered by the [Canada Deposit Insurance Corporation Act](https://laws.justice.gc.ca/eng/acts/C-3/), with [Section 10 of the Act](https://laws.justice.gc.ca/eng/acts/C-3/page-2.html#h-83409) describing the Powers of the Corporation and the Powers of the Canadian Minister of Finance. COLLAPSE OF SVB AND SPILLOVER TO CANADA When Silicon Valley Bank went bust, the [OSFI seized control of SVB's Canadian Assets](https://financialpost.com/fp-finance/banking/osfi-silicon-valley-bank-assets-canada). The CDIC [received a flood of phone calls and emails inquiring about insurance on Canadian Deposits](https://globalnews.ca/news/9749090/cdic-silicon-valley-bank-collapse-atip/). The CDIC, being the proactive and not-at-all ridiculous Crown Corporate that it is,[ tried to calm Canadian nerves by "reaching out to "influencers" it has worked with in the past."](https://i.imgur.com/Ape7C9l.png) The Bank of Canada, in their[ Annual Financial System Review](https://www.bankofcanada.ca/2023/05/financial-system-review-2023/), assured Canadians that the [Canadian Banking System Remains Robust](https://i.imgur.com/NzuCYpe.png). However, [sections of that Financial Risk Review provided to Global News were redacted citing economic harms to the country](https://i.imgur.com/UG54CUK.png). I wonder what it could be referring to? BILL C-47 Bill C-47 -[ An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023](https://www.parl.ca/DocumentViewer/en/44-1/bill/C-47/royal-assent) is the legislative authority that implements the 2023 Federal Budget. There's of course been lots of news coverage of the Bill, but very little about the amendments to the CDIC Act. Lexology [provides a nice little summary](https://www.lexology.com/library/detail.aspx?g=391cfc84-680d-4a16-95d4-fbcb152d6f65) of the main legislative objectives and changes made by C-47,[ including changes to the CDIC Act](https://i.imgur.com/KehHRl3.png). The [Minister of Finance](https://www.canada.ca/en/government/ministers/chrystia-freeland.html) will be temporarily empowered to "increase the amount of CDIC deposit insurance coverage from the current $100,000 to any greater amount, including full coverage. This amendment to the CDIC Act is structured such that the Minister's discretionary power will operate only until April 30, 2024." What struck me was that the Minister of Finance (with the Federal Cabinet) will be able to adjust the CDIC Coverage of deposits on-the-fly - which would usually required a regulatory amendment - but only until April 30, 2024. It seems like the Canadian Government knows something is coming that will fuck Canadian Banks within the next 10 months, and is preparing for it. Granting only temporary power to the Minister of Finance is unusual, as normally they would just enshrine the change into legislation. For a bit of background of the Minister of Finance, let's just say [she is very much old-money establishment and is not on our side](https://i.imgur.com/QvdYkTa.png). 2008 REDUX If this all seems like a weird and roundabout way of doing things, that's because it is. Canadians are told to take pride in our world-class banking system, but the Canadian Government [has used roundabout methods to secretly bailout Canadian Banks in 2008](https://policyalternatives.ca/newsroom/updates/study-reveals-secret-canadian-bank-bailout). Without getting all political on you, I'll just say that the political climate in Canada right now would not allow the Federal Government to openly bail out banks, so it seems like roundabout methods are again necessary. Routing "liquidity" through the CDIC to prop up banks rather than openly bailing them out is subtle enough that the average lumberjack in Canada will have no idea it's happening. TO BE CONTINUED There is more to share on the proposed changes in C-47, but the next post in a day or 2 will be more speculative in nature. Until then, let's focus on the fact that the Canadian government is preparing for bank failures. Oh, and just FYI, Bill C-47 [came into force on June 22...](https://i.imgur.com/dY62OF4.png)
On Reddit, they are loved by conspiracy theorists. I'm not sure if we'd want to continue that here.
Reposted here with permission, from https://old.reddit.com/r/GMEJungle/comments/14g5q83/canadian_securities_regulators_dont_want_to_hear/ Credit to u/JackTheTranscoder Be sure to read the [archive.is](https://archive.is/AIwdP) link for complete content Summary: BACKGROUND Canada doesn't have a single National Securities Regulator like the SEC. Instead we have 13 Provincial and Territorial Securities Regulators who only recently (in the past 10 years) began to cooperate to harmonize securities regulations across the country. The Ontario Securities Commission (OSC) and the British Columbia Securities Committion (BCSC) are the 2 big boys, and pretty much set the tone for the rest of the country. Quebec's is pretty big too but none of us know what they're doing so we will ignore them. ... [Fucking Canada](https://archive.is/o/AIwdP/https://i.imgflip.com/7q82oj.jpg)
Someone on reddit mentioned there were rumors of a new GME instance being planned that would have communities for different aspects of the company and investing. It could even be a large instance for WSB or stocks, which might make more sense but I'm not sure. Would love to see this! 👽🔫🐀
www.youtube.com
Up, down, sideways, backwards... doesn't matter. Be zen, BUY HODL DRS BOOK.
lemmy.whynotdrs.org
Enter !drs_your_gme@lemmy.whynotdrs.org into the community search up there on the upper right (desktop), then subscribe -- it's that easy. :)
Hey there. If you are bored and have some spare time, how about creating a post that brings in a favourite piece of DD (due diligence) - be sure to credit the original author :) Or how about messaging a MapleApe on the old site and letting them know about the 'lemmy-verse' [lemmy.ca/c/gmecanada/](https://lemmy.ca/c/gmecanada/), for a good start? A cheap and quick way to move DD over here is to just post the original DD's title, with a link to the Ape-Historian's mirror of the original (https://www.apehistorian.com/) or a direct link to an archive.is or similar page capture in the post body. EDIT: Love that lemmy lets one edit TITLES after posting. Already beats reddit for that alone! (OK, automod filters would be nice too.)
Welp there goes the neighbourdips...(mostly test post to say Hello!)
This news jumped the stock over 5% in premarket and puts us right back to where we were before the AH earnings dip. Can't stop. Won't Stop.
Love to wake up to a new form 4.
lemmy.ca
Test 1,2,3. **EDIT: Lemmy lets you edit the title of a post! Take that, reddit. Nyah. :p**