The existence of so many hoops between real DRS and pseudo-DRS is astonishing.

Fuck the DTC and their counterfeiting schemes💎✌️

What are the pros and cons to federating with meta?

Operational Efficiency is the term used to describe keeping plan shares at the DTCC despite being directly registered to a real owner (this is called the Directstock Plan).

• It is often likened to a heat lamp at a burger place; cooking burgers for orders that don’t yet exist.
• Similarly, Operational Efficiency is taking your [plan] shares for sell orders you haven’t made yet. 🤮
• For those aware of Trimbath’s work, leaving your shares in DTCC clutches is a guarantee they will be used as locates for net settlement of FTDs. 🤑

Operational Efficiency is anathema to our creed of owning our stocks by ourselves. The phantom shares and FTDs that shorts abuse to weaken our long positions are just further urgency to leave DTCC’s crooked broker system. 💎💪

Now in contrast, the alternative to Directstock Plan is DRS.

When shares are directly registered under DRS, there is no operational efficiency: burgers are made to order and actual stock is only moved when a real sale occurs. DTCC gets to cry and pound sand as we invest in the market without their oversight 💎👌

TLDR

• The broker system relies on repurposing their customers’ long positions as locates for their own short positions (see Naked, Short, and Greedy by Trimbath)
• When a DRS owner buys a share they are settled with an actual share
• When anyone else buys a share they get rehypothecated promise from DTCC to have the share available by the time you decide to you sell it; you never actually get the share.

More knowledgeable apes please feel free to add corrections or improvements here 💎✌️

Edit: corrections, thanks king 🍻

Re: locates. I apologize I’m trying to not actually connect those dots, I’m seek to use one to discredit the other:

• On one hand DTCC lets brokers fuck you with locates. This tells me the broker system cheats you, full stop. This is evident from Trimbath.
• On the other these same crooks have their hands on your shares under the guise of operational efficiency. This tells me that the crooks I seek to escape have their hands in my cookie jar. This is evident from Paul Conn’s YT statement and that SEC bullet point about how plan isn’t DRS.
• To be clear, I wish to say: given their behavior in the broker system, how can anyone trust them that Operational Efficiency is bona fide and not just another broker-style pretense for fuckery?

See you on the moon 💎💪💎💪🚀 🚀🚀🦍 🦍🦍🦍

Static DRS counts paired with massive volume spikes… I know it looks like DTC is doing a last minute switcharoo to satisfy reporting requirements but that would be highly illegal.

Surely there’s a mundane explanation for the constellation of weirdness that surrounds GME, it couldn’t be crime.

Remember when they fixed everything after the Big Short?

/s