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 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