11/10/2023 Estimated DRS count: 76,038,774 ((using today’s DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)
The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175
Bloomberg data (to 9/11/2023), DRS estimated counts, and other:
| Holding | Number of shares | As of |
|---|---|---|
| ETFs | 29,138,064 | 9/8/2023 |
| MFs, Index Funds, Pension Funds, etc | 33,999,059 | 9/8/2023 |
| Other Institutional Ownership | 32,373,815 | 9/8/2023 |
| Insiders Stagnant | 14,339,510 | 9/8/2023 |
| Insiders | 38,540,578 | 9/11/2023 |
| DRS’d - 200k Computershare accounts | 76,038,774 | 11/10/2023 |
| Non-DRS - 200k acct 25% stuck in IRA | 19,009,694 | 11/10/2023 |
| Other | 61,801,800 | 11/10/2023 |
- Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
- Free float on 9/11/2023: 156,850,268
- Thank you to lawsondt for the Bloomberg data to 9/8/2023.
- Added Larry +6000 and Alain +15000 to Insiders number on 9/11/2023.
- “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 1,388,490 DRS shares. Long story of switching subs and losing their DRS share count. So added the “fix inadvertent” column to capture their DRS shares.
So what information can we gleam from this. If any. Do we have any idea what other is ? Quite a big chunk. Any correlation to the tiny volume we see frequently?
I’d hazard a guess that we’re well past Other of 61,801,800 shares in brokerages.
If only 200,000 Computershare accounts hold 76,038,774 plus non-conservative 50% additional stuck in IRAs (38,019,387) = 114,058,161 shares
Number of retail holders (non-Computershare account) Number of shares Total shares 2,000,000 50 100,000,000 4,000,000 50 200,000,000 2,000,000 100 200,000,000 2,000,000 150 300,000,000 2,000,000 200 400,000,000 2,000,000 250 500,000,000 2,000,000 300 600,000,000 2,000,000 350 700,000,000 4,000,000 175 700,000,000 I don’t think it’d be a stretch to say 4,000,000 retail holders each hold 50 shares = 200,000,000
29,138,064 + 33,999,059 + 32,373,815 + 14,339,510 + 38,540,578 + ~60,000,000 reported short + 114,058,161 + 200,000,000 = 522,449,187
If 4,000,000 hold 175 shares = 700,000,000. 522,449,187 + additional 500,000,000 = 1,022,449,187
So with the float well and truly locked. What is the catalyst going forward? I was thinking if smc went under. Potentially the floor from that sub would overwhelm gme
When Cede numbers are revealed to be fraudulent, don’t be surprised when the true values far, far exceed these estimates.
