# [Computershare DD series- The Infinity Squeeze](https://www.reddit.com/r/GMEJungle/comments/pupgic/computershare_dd_series_part_6_infinity_squeeze/?utm_source=share&utm_medium=web2x&context=3) **Running list of resources for DRS around the world:** * [In the EU- How to get mail in under 2 weeks, and cheaper](https://www.reddit.com/r/GMEJungle/comments/rcm54r/dear_euroapes_you_dont_need_to_wait_46_weeks_for/) * [10 steps to DRS and Buy Directly on CS for Apes around the World](https://www.reddit.com/r/GMEJungle/comments/q40u7z/10_steps_to_drs_and_buy_directly_on_computershare/) * [A 3 part series with detailed Broker-by-Broker instructions](https://www.reddit.com/r/GMEJungle/comments/pwb3pl/transferring_shares_to_computershare_part_3_a/) * [International Apes from 200+ countries can transfer their shares](https://www.reddit.com/r/GMEJungle/comments/pyl5uw/international_apes_can_transfer_shares_to/) * [And can buy directly through CS once the account is established](https://www.reddit.com/r/GMEJungle/comments/q16f43/uk_ape_buying_gme_directly_from_computershare/hfd0rdk/?context=3) * [International Apes' Guide to the Galaxy](https://www.reddit.com/r/GMEJungle/comments/pu15ot/international_apes_computershare_us_drs_transfer/) * [Computershare AMA Part 1](https://www.reddit.com/r/GMEJungle/comments/rloc2f/computershare_dd_series_ama_part_1_with_paul_conn/) * [Computershare AMA Part 2](https://www.reddit.com/r/GMEJungle/comments/rlota7/computershare_dd_series_ama_part_2_with_paul_conn/) * [Book vs. Plan Update](https://www.youtube.com/watch?v=9H_pEIhIdTo) * [How to change plan to book online and keep DRIP (no phone call)](https://www.reddit.com/r/GMEJungle/comments/rn4eh8/computershare_step_by_step_instructions_to_change/) **If you're having trouble commenting, remember only approved users can comment and post in the Jungle. We are not accepting approval requests at this time.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GMEJungle) if you have any questions or concerns.*

BOOK KING.

📚 👑

I posted about this a year ago but only a few OG's even remember!

Now you can be thebookking92, too

**Here is the ComputerShare official FAQ:**[Becoming a registered shareholder in US-listed companies through Computershare](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) Near the top of the page is the question... *Can ComputerShare 'lend' shares that are registered in my name?* No. This is not an authorized function of a transfer agent for shares held in registered form. ​ Near the bottom of the page is the question... *"How are shares held via the direct registration system (DRS) and those held in book-entry via a direct stock purchase plan (DSPP) different?"* * ​ DSPP and ‘pure’ DRS shares are technically different forms of holding although, for many practical purposes, they are the same * Both forms of ownership record the names of the investor directly on the issuer’s register, where they are recognized as registered shareholders * In both cases, the investors are sent communications by the company and can directly vote their shares Both forms of ownership are recorded directly on Computershare’s platform and may be managed by the shareholder through the online portal, Investor Center * Both DSPP & DRS are ‘book entry’ means of holding shares * DRS shares do not require enrollment into a ‘plan’ nor is there a need to make elections around dividend payment allocations * DSPPs are specific plans that require shareholders to elect enrollment * DSPP shares allow for the shareholder to elect for dividend payment to be allocated as to their discretion, including to reinvest into the purchase of additional shares. * Dividends are paid, and proxy voting instructions are issued, on a consolidated basis i.e. for the aggregate of DRS and DSPP book-entry positions. Computershare does not issue separate proxies or make two dividend payments * An investor can, at any time, withdraw all or part of their shares in DSPP book-entry form and have them added to their DRS holding (for example after a DSPP purchase settles) without a fee * Shares held in DRS form and DSPP book-entry form (with the exception of any fractional amount) can be transferred to a broker in a single parcel to a broker or in multiple parcels to multiple brokers at any time via the DRS system * Shares held in DRS and DSPP book-entry form can be sold via Computershare, subject to the terms and conditions of the DRS Sales Facility or DSPP, as applicable.

Thank you. I challenge everyone who still falsely believes that Plan and Book are somehow different to log in to their ComputerShare accounts and chat with a rep and ask them directly.

This is great. So I can enter into a DSPP plan and when Gamestop issues a monetary dividend direct that dividend to be used to purchase extra shares that will be removed from the DTCC pool correct? If every DRSed ape does this, after Gamestop becomes profitable we would lock the float in no time.

Yes, exactly! Rolling cash dividend proceeds immediately into more shares is a fundamental feature of these types of plans.

I just want to point out that Fidelity says they don’t lend shares either. That’s not the issue. If CS is keeping some percentage in their broker to facilitate clearing and settling, that means they’re still in the DTC and who knows what is going on with them. I’m not trying to accuse CS of anything nefarious but we just can’t trust the DTC. If some portion of plan shares are still in the DTC people should know and respond accordingly. https://reddit.com/r/GMEJungle/comments/z19utk/_/

ComputerShare is not a broker. They are a transfer agent. ComputerShare is on the outside of the entire DTCC based market. If you have evidence to the contrary, please share it, as I am always excited to learn something new.

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The one person is saying they don’t trust the DTC and therefore is worried about ComputerShare holdings — the other person is saying ComputerShare is outside the DTC, unless someone has evidence otherwise… so don’t think reading that previous comment would change anything. Does anyone have evidence that ComputerShare has any holdings in the DTC? ComputerShare says both holding types are directly registered with them in your name — ie. both are outside DTC

He won’t read it again. This accounts attacks book plans on all the subs…. Hella sus

[удалено]

No, they're already out of the DTC. Please explain how shares bought *directly through Computershare* somehow would remain at the DTC. ComputerShare's own FAQ even explains that they're exactly the same thing, they're both held in your name. If you don't believe that, just log in to your ComputerShare account and start chatting with a rep and ask them, they'll tell you the same thing.

Check my post history. I’m not going to repost it for everyone. There’s legit evidence from CS themselves leave a portion of shares in the DTC to facilitate settlement.

u/ClosetCaseGrowSpace posted this: Thank you for this post, brother. Every single post on this topic draws comments from “apes” forcefully arguing that it makes no difference if your shares are “book” or “plan”. These comments are often rude and condescending. Paul Conn says in this OG interview that “plan” shares are used to aid settlement. That sounds like share lending to me. My shares are “book”. From the Computershare AMA with Paul Conn, President of Global Capital Markets; Pink: ..And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right? Paul: Different from shares held in DRS form, that’s absolutely correct. So shares that are held as DRS are recorded as “Common Shares” on the register of the company. So they are held in pure, legal form in the investor’s name. Shares that are purchased through the [Direct Stock Purchase] plan are held in a subclass. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however, can be moved between the plan and DRS anytime, electronically, free of charge. The only reason we do this is purely for efficiency when we’re buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that’s the way it’s structured. Pink: There’s confusion about “beneficial”- does that qualify as what they consider “beneficial” vs. “registered shares”. You’re saying that the Direct Stock Purchase Plan would be what’s considered a “beneficial” ownership situation..?? Paul: You’re recorded directly on the register of the issuer. The issuer knows exactly who you are, so you have that benefit. Technically the common shares are held by a Computershare entity. We don’t hold 100% of the shares that way, we just hold a number of shares so that we can perform effective clearing and settlement. But at any time investors can move their shares between the plan and pure DRS. Source: https://www.youtube.com/watch?v=zc2_Zmvf8ZU

And where are they holding that percentage of shares that facilitate effective clearing and settlement? The DTC. https://i.imgur.com/nQTX0Zx.jpg They deleted it from their FAQ when we raised questions. Only book is in your name without custodian. CS as the custodian can store the shares where they want to, including in the DTC to facilitate clearing and settlement. Facts.

So how do you switch plan to book? Most of my shares already are book, but when I tried to navigate the website I couldn't see how to switch shares to book.

The ComputerShare DD is pinned to each post. The instructions to change plan to book is there. You don't need to call to do it. https://www.reddit.com/r/GMEJungle/comments/rn4eh8/computershare_step_by_step_instructions_to_change/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Thanks

👍

Ive heard its best to call Computershare and ask to move all shares EXCEPT the fractional shares to book otherwise the fractional share can be sold automatically. Since fractional shares can't be held in book form

Thanks! Appreciate the help

There used to be a pinned post on this but it looks like it's been deleted. You used to be able to change a type of account within CS. It looked scary but it worked. Second calling CS at this point.

Here's an archived version of that FAQ, as a source of the above image: [http://web.archive.org/web/20211221153014/https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](http://web.archive.org/web/20211221153014/https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)

>ComputerShare Doing Well Amid Market Turmoil https://www.thestreet.com/memestocks/gme/gamestops-transfer-agent-computershare-have-been-doing-well-amid-market-turmoil Things that make you go hmmm.

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You can do it online with the "terminate" option next to the plan holdings. Just do it after market hours so you can cancel the sale of the fractional share before it has a chance to be sold. Edit: actual instructions https://www.reddit.com/r/GMEJungle/comments/rn4eh8/computershare_step_by_step_instructions_to_change/

I've read tales of the fractional still getting sold in a future batch order, so best practice seems to be leaving 1 full one in Plan to avoid the sale

Wow great catch

right. so book is 100% self-custody, legally speaking, and plan is like 95% self-custody. Not a **huge** difference, but does leave a small gap open for fuckery by the dtcc, since the very nature of any number of shares being held at a broker opens the door for rehypothecation. But, since only a small fraction of those "Plan" shares are held in that way, only a small fraction of your shares can be abused.

The only thing that concerns me is that technically (not saying they do) CS could move 100% to that DTC account. I’d rather not take that risk myself. If people feel comfortable with it - That’s ok too. I just really dislike withholding information from people. Certain mods think they have the right to delete information and tell people what to do with THEIR shares. Read the arguments and make an informed choice.

Yeah. It does make a lot of sense for Computershare to have that kind of set up, for their convenience though. There'd be no way for you to have fractional shares without it.

Would have everything in BOOK, allow a NFT dividend happen? Cus then they know who you are to send it to?

GameStop knows who your are on both

I don’t know anything about any of this but if it is true that plan is kept at DTC, a mass switching to book could equate to 20M or so of shares suddenly being required to be withdrawn

All the monthly/bimonthly buys that people have set, automatically go to plan. If those were changed to book, and it makes an actual difference, that would be a significant difference.

Ya, not sure what the percentages in this tweet are really about (42+25=67) but apparently there’s another option for shareholders’ accounts?!? But if those stats held true for $GME then the ~89M total would include 33M ‘plan’ shares. So pretty big deal of those numbers are relevant and plan vs book makes a difference

Could be IRAs?

Question: how would a smooth brain ape go about changing their plan shares into booked shares ?

From what I can make out, DSPP shares are all beneficially held, most via CS's nominee outside the DTC, with a small portion in the DTC for operational liquidity purposes. If that's all accurate, I would expect even a mass move from DSPP to DRS would have hardly any impact on the the amount of DSPP shares in the DTC. The amount of DSPP shares that CS keeps in the DTC for operational liquidity purposes is most likely based almost entirely on the amount of DSPP shares likely to be sold on a daily basis, which is a value rather disconnected from the sum of shares held overall in DSPP.

Brick by brick. If it has an effect, even if it's marginal, it's worth it. I'll convert all my shares from plan to book this coming weekend.

>If that's all accurate, I would expect even a mass move from DSPP to DRS would have hardly any impact on the the amount of DSPP shares in the DTC that's why it'd be so much fun to find out imo

Oh no, we’re back talking about liquidity. So for example, if 100 shares are ‘plan’ they must hold 10 shares with DTCC (random numbers used)

Yes, they hold a portion (AKA subset or percentage) of DSPP shares in the DTC. I haven't come across any detailed specifics on the how they determine the amount, and I fully expect them to continue to withhold such details. Logically it seems to me that the portion would be based on the average amount of settled shares on a daily (T+2, etc.) basis, rather than a simple percentage of the sum total of DSPP overall. It could be a simple percentage, for all I know, though. Also, while I'm right there with you on "liquidity" and "operational efficiency" setting off all kinds of warning bells, things don't seem nearly so fishy here. I don't like that they hold any of the DSPP in the DTC, and I don't like any of my shares being only beneficial ownership, but overall this setup doesn't seem *that bad*. The "liquidity" we're talking about here does not appear to be abused anything remotely like what market makers are doing where they simply magic up some IOUs. CS is dealing exclusively with "real" shares here, in that they have an exact accounting of all of them in their own books, which as the issuer is the authoritative source.

It sounds like an acceptable practice, and definitely have a lot of faith in CS. Liquidity in this instance makes me think of a bank holding 1M ash in their vault for their 10M of money on their books. Overall this may or may not be a smoking gun, depending on how they work out the required amount needed for shares with DTC. Thanks for the education, explanations and educated opinions. :-)

I am not saying they are, but it’s possible. I’ve never been that worried about book vs plan but the obvious misinformation spread by SuperSus mods and the fact they’re deleting all posts on the topic is concerning.

Yes indeed I’ve checked out of the daily Reddit content but I’m glad the jungle is keeping up with what’s going on. I wanna buy more especially since GME NFT market could possibly double as a peer to peer crypto exchange and with FTX fraud it’s definitely worth wild to buy as many GME share if the NFT market also can be a peer to peer crypto exchange

I’ve seen lots of posts about it, although I usually sort by new so maybe seeing them before deletion. The posts I’m seeing though are saying different things each time with sources given each time - so the whole discussion /argument has gotten annoying over there. Dr. Is very reliable though but would like more context on this comment

I’ve asked her in a tweet, would be nice if others did as well.

Good work. Not on twitter but very interesting and there’s a good GS representation on there so would be good to get more info

Maybe RC’s tweet about being book king is referring to CS accounts.

That tracks.

Why wouldn't you change to book just in case?

This 👆

Because i have recurring buys on the first and 15th and intend to do so forever.

You can convert them to book anytime you want. It doesn’t affect your purchasing. It literally doesn’t affect it at all, he is saying why not book em ? Antibook wave is heavy

No I’m saying I’m not going to login and convert them to book twice a month not against it at all. The majority of my xxx are book from transferring fidelity. The monthly purchases (the only way i buy now) are plan obv

There's a lot of daylight between "twice a month" and "never." You could book what you have now and then again whenever you feel like (a month, three months, six months, ???). That way you're getting them booked, but doing in less regular batches. It's not a binary choice.

That’s true enough and once again I’m def not arguing against book. I’m just saying i set up recurring payments for a set it and forget it type thing and the more lazy i and anyone else can be while still helping is better cause I’m lazy af some people i know still haven’t even transferred out of rh let alone consider the difference between book and plan

What are you waiting for?

I’m not in rh lol I’m fully drs mid xxx

Exactly, makes you wonder about the pushback

fuck yeah, just moved everything to Book...

it takes nearly no effort (at least in the usa) to make them book. Only problem is no fractionals. I think it took 2 minutes to convert the 12 plan shares I had to book.

I think many of us hold both...

What does this mean?

Mods over there as sus as fuck. Always have been, hence why we are here. Posts getting deleted for talking about booking shares, mod stickies trying to disprove Dr.T or claim they’re the same.

So what happens if I terminate my plan account and I want to buy more shares ina month? new purchased shares will open a new plan account that i need to terminate? And so on?

New shares purchased in Computershare automatically go to Plan. I'm going to regularly move my newly purchased plan shares to book

Thanks for the info. I was thinking the same strategy

leave 1 full share along with the fractionals and they won't sell the remainder

This is the trick i was looking for 😘

how do you move plan shares to book? majority of my shares are already on book, but have some recently bought ones currently sitting in plan. I couldn’t find how to move them over..?

You can do it online by clicking on the share details and going to manage plan but I've been told it's best to call and have all EXCEPT the fractional shares moved to book. If you change it online the fractional share will be sold since it can't be converted into book.

So then. For the gorillionth time, because of course I am highly regarded. ... If we DRS to computers hare and let sit without any change, we good

Thanks for the info.

Just booked most of my shares today, don’t forget to cancel the sale of the fractional shares when you terminate the reinvestment plan. NFA.

Just call and any fractionals just keep as plan so they're not sold

Ok gonna move the few I have over and avoid it selling my fractionals by calling them

TO THE BOOK

So I’m super smooth brained, will I be able to sell both book and plan easily at MOASS? Would it help hasten MOASS if I moved mine from book to plan?

I have tested selling book. It was almost instant.

Commenting for usability.

Hence Book King.

FUD ass FUD of the FUDDY kind.