11/17/2023 Estimated DRS count: 76,070,216 ((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	76,070,216	11/17/2023
Non-DRS - 200k acct 25% stuck in IRA	19,017,554	11/17/2023
Other	61,762,498	11/17/2023

• Total Outstanding on 8/31/2023 and 10/12/2023: 305,241,294
• Thank you to lawsondt for the Bloomberg data to 9/8/2023.
• “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.

Discussion points:

• It seems “odd” on some of the DRS count fluctuations since the beginning.
• It seems “odd” on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:

Buy X number of shares a month	Multiply by 3 months per quarter	Total DRS per quarter if 100,000 active accounts	Total DRS per quarter if 200,000 active accounts
1	3	300,000	600,000
2	6	600,000	1,200,000
3	9	900,000	1,800,000
4	12	1,200,000	2,400,000
5	15	1,500,000	3,000,000

• The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
• Possible some investors have had to un-DRS.
• Possible economic slowdown has reduced investor purchasing power.
• Whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - possible there have been forces inflating and draining their DRS shares, spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - possible something funny with SEC filing reported number.