2/23/2024 GameStop (GME) Estimated DRS count: 76,100,046

2/23/2024 Estimated DRS count: 76,100,046 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.129)

The 4.129 multiplier comes from 11/30/2023 Form 10-Q divided by DRSbot 11/30/2023 total: 75,400,000 / 18,262,331 = 4.129

Bloomberg data (to 12/9/2023), 12/31/2023 Blackrock addition, 12/29/2023 Vanguard addition, DRS estimated count, stuck in IRA estimates, and other:

• Total Outstanding on 11/30/2023: 305,514,315
• Thank you to lawsondt for the Bloomberg data to 12/9/2023
• Vanguard increased shares by 785,823 on 12/29/2023 (2/13/2024 file date). From 24,664,433 to 25,450,256.
• Blackrock increased shares by 567,123 on 12/31/2023 (1/26/2024 file date). From 21,977,404 to 22,544,527.
• "Non-DRS - 200k acct if 30% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 40-50% additional shares stuck in IRAs.
• "Fix inadvertent DRSbot offline or resets" is primarily whale #1's 1,390,972 DRS shares (as of 1/4/2024). Long story of switching subs and losing her DRS share count. So added the "fix inadvertent" column to capture her DRS shares.
• Starting 1/4/2024, whale #1 started gift transferring DRS shares to others. 1,390,995 (on 12/25/2023) to now 1,390,972 (on 1/4/2024). Unfortunately, Computershare only allows one gift per month, and only up to $2000.

Discussion points:

• It seems odd on some of the DRS count fluctuations since the beginning.
• There have been 2 "somewhat hidden" 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
• 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:

• 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 and inflation have reduced investor purchasing power.
• Possible whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
• Tinfoil - certain parties inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
• Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
• Tinfoil - possible something funny with SEC filing reported number.
• There is the recent post from sister sub, google search on: Deep analysis on Computershare recurring buys reddit

He examines the bi-weekly recurring Computershare buys. The bi-weekly recurring buys were around $900k to $1.5 million.

An alternative DRS count estimation may be estimating money spent by retail purchasing GME per quarter. It was around $1.2 million average per 6 recurring Computershare buys per quarter. Then say a massively conservative $200k per other trading day. So:

If average $1.2 million spent per bi-weekly purchase, and say $14 a share, multiply by 6 for one GME quarter:

• 1,200,000 / 14 = 85,714 shares * 6 = 514,284 shares
• The 6 recurring buys alone should add 514,284 DRS shares.

Other 54 trading days:

• $200,000 / $14 a share = 14,285 shares a day
• 54 * 14,285 = 771,390 shares

Total:

514,284 + 771,390 = +1,285,674 DRS shares a quarter

---

Additional data #1:

2/23/2024 Top 50 holders from recent reddit activity:

• Using sample of 653 data points (2,458,580 DRS'd shares)
• Top 50 holders are 2,074,285 of the 2,458,580 DRS'd shares

4/21/2023 List of stockholders top 25 holders (Credit: drs gme org contributors):

2/23/2024 Insider share count via SEC Form 4 filings:

Additional data #2:

Number of Computershare accounts:

Number of record holders:

GME Volume last 2 years:

20 lowest volume days (as of 2/22/2024):