Taking Stock

This week on Taking Stock, Chives was joined by Lawson and 6days to discuss the idea of a record holder and what sort of requirements existed for annual reports such as the 10K. This topic came up because GameStop’s 2023 10K had recently released and the record holder information was missing.

We reviewed the language and predicted we’d have to see an amendment within about 40 days – but as luck would have it, later in the evening after recording, the amendment was filed. Still a great conversation! Check the links below for relevant legal citation.

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Links and Resources:

10-K Reporting Guidelines

https://www.sec.gov/files/form10-k.pdf

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CFR Legal Code on Disclosure "Set forth the approximate number of holders of each class of common equity of the registrant as of the latest practicable date."

https://www.law.cornell.edu/cfr/text/17/229.201

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by 6days1week to talk about his efforts to track direct plan purchases made through Computershare. Investors have the option to buy directly through the transfer agent and can even set up recurring automatic buys to continue accumulating shares of companies they support.

These purchases are executed in bulk at the market on a predictable schedule, a framework which could result in less than ideal outcomes for investors in terms of shares received per dollar invested. 6Days prepared some screenshots and graphs to assist in the conversation which are linked in the notes below.

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Twitter/X Link:

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Links and Resources:

AMC Plan Purchase Transaction Numbers

https://pbs.twimg.com/media/GIk2UcrXYAATWd7?format=jpg&name=900x900

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GME Plan Purchase Transaction Numbers

https://pbs.twimg.com/media/GIk2UanXsAAjiVk?format=jpg&name=900x900

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% Fees for Computershare Purchases

https://pbs.twimg.com/media/GIk2UaDXIAAL11v?format=jpg&name=medium

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Example Plan Summary Page

https://pbs.twimg.com/media/GIk2UZVWoAAjz_i?format=jpg&name=large

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Bank Statement showing Transaction Number Information

https://pbs.twimg.com/media/GIk2WNUW8AEvFRY?format=jpg&name=900x900

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by Hoose to talk about the term meme stocks, GameStop’s credit card provided through Comenity bank, the banking sector at large, JPMorgan Chase’s plurality of customer deposits, and NYC Bancorp’s needing to be rescued by private equity.

Many sources to be found at the bottom of the show notes today.

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Twitter/X Link:

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Join the Community:

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Links and Resources:

GameStop's Credit Card

https://d.comenity.net/ac/gamestop/public/home

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JP Morgan & First Republic Bank Articles

https://www.cbsnews.com/news/first-republic-bank-fdic-jpmorgan-chase-control/

https://www.nytimes.com/2023/05/01/business/first-republic-jpmorgan-fdic.html

https://www.npr.org/2023/05/02/1173247344/with-a-recent-takeover-there-are-worries-jpmorgan-chase-has-grown-too-large

https://www.reuters.com/business/finance/jpmorgans-deal-collapsed-first-republic-explained-2023-05-01/

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NPR on the FDIC

https://www.npr.org/2023/03/13/1163138002/the-fdic-insurance-limit-was-last-raised-in-2008-heres-how-it-works

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Forbes on US Dollar Death Spiral

https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/amp/

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MarketWatch on NYCB

https://www.marketwatch.com/story/nycb-raises-more-than-1-billion-in-equity-investment-anchored-by-former-treasury-secretary-steven-mnuchins-firm-afdd2363

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Wall Street on Parade on NYCB

https://wallstreetonparade.com/2024/03/new-york-community-bancorp-was-jpmorgans-top-regional-bank-pick-for-2024-its-lost-73-percent-y-t-d-and-had-its-deposit-rating-downgraded-to-junk/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock we continue the discussion from last week where community members joined and brought up any subject they liked. In this half, crypto and other scarce assets were discussed. John Wooten joined us to talk about his appearance at a recent crypto panel on the subject of investor protections, Chives shared his experience on early crypto lending platforms prior to regulatory oversight, and the group discussed how we can take advantage of new technology while also taking advantage of the century of regulation which can provide needed assistance to retail investors in a market of lopsided influence.

TornadoCash and government regulation of open source technologies was also discussed, along with the for and against cases, and lastly John Wooten shared his perspective on the importance of having a central body which would be able to audit trading activity on a blockchain network to add to the discussion around financial regulations.

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Twitter/X Link:

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Join the Community:

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Visit https://www.drsgme.org and https://www.whydrs.org

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock we welcomed people from the community to take advantage of the open structure of X spaces and join in to discuss whatever they would like. Topics discussed in this episode included FOIA, volume around earnings, Form 4s, and the concept of a Megacorp.

The discussion continued on past the 1 hour mark and so we’ve split it in half, so check out the rest in episode 22!

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Twitter/X Link:

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

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Visit https://www.drsgme.org and https://www.whydrs.org

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week in recognition of the Valentine’s Day holiday, Bibic and Chives looked back at the history of the DRS advocacy efforts they have been part of these last two years.

From DRSGME’s launch and ad campaigns to WhyDRS and meeting with Chairman Gary Gensler of the SEC it has been an incredible journey – and while we may spend this episode together looking back, every other day is spent looking forward.

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Twitter/X Link:

https://twitter.com/i/spaces/1LyxBnldBMbxN

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

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Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

DRSGME advocacy campaign page

https://www.drsgme.org/advocacy-campaign

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WhyDRS advocacy page

https://www.whydrs.org/advocacy

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Subreddit Stats - r/drsyourgme

https://subredditstats.com/r/drsyourgme

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Bibic and Chives reviewed the history of major financial panics, crashes and bubbles. Across the history of modern financial markets we have witnessed these recurrent events borne from speculation and hubris within the market – but are they all so simple?

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Join the Community:

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Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Daily FX article - A Brief History of Major Financial Bubbles, Crises, and Flash-crashes

https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/27/history-of-financial-bubbles-crises-and-flash-crashes.html

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Wikipedia page on market crashes and bear markets

https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets

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Investopedia on Market Crashes

https://www.investopedia.com/timeline-of-stock-market-crashes-5217820

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

After last weeks All About Plan discussion, the conversation ended up continuing into our community segment where friend of the show John Wooten called in to expound on the broader issues which centralization of power and responsibility in the market have caused.

We’re releasing this segment as a standalone episode because while it was not directly related to the main topic it absolutely was a great conversation worth sharing with our audience.

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Twitter/X Link:

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

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Visit https://www.drsgme.org and https://www.whydrs.org

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Bibic and Chives were joined by Peruvian Bull, Lawson and 6days1week for an overview of the variety and types of investment plans commonly found in the market today. We pack in the information and were absolutely delighted to have some fellow enthusiasts on the panel.

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Twitter/X Link:

https://x.com/i/spaces/1YpKkwjLllwKj

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

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Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Investopedia on DSPPs

https://www.investopedia.com/terms/d/directstockpurchaseplan.asp

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Investopedia on ESOPs

https://www.investopedia.com/terms/e/esop.asp

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SEC on DRIPs

https://www.sec.gov/fast-answers/answersdrip

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Peruvian Bull, LawsonDT and 6days1week on YouTube

Part 1 - https://www.youtube.com/watch?v=aPEmZ1swPXI

Part 2 - https://www.youtube.com/watch?v=B7hsjb3OCYs

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Plan Purchase Fee Structure

https://imgur.com/a/SOiEYf4

https://imgur.com/a/b53Mz4A

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Computershare Purchase Plan Directory

https://www-us.computershare.com/Investor/#DirectStock

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DirectStock Plan Brochure

https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798

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DepotDirect Plan Brochure

https://cda.computershare.com/Content/7083886a-ece0-4e01-b19e-19139dbef686

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives sits down for a full one on one interview with John Wooten. John is a published author, has a series of financial education videos online, and founded BlockTransfer. BlockTransfer is an SEC approved Transfer Agent using a public blockchain called Stellar to track issuer ledgers and investor ownership.

Chives and John talk broadly about the various major issues which plague the modern capital markets, how a perverse incentive system separates working people from their wealth, and the archaic financial tradition which hasn’t undergone major rethinking in thousands of years. This conversation is a whirlwind and you won’t want to miss it.

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Twitter/X Link:

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

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Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

BlockTransfer Website and Blog

https://www.blocktransfer.com/blog/

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John Wooten’s Author Page on Amazon

https://www.amazon.com/stores/John-F.-Wooten-IV/author/B07N7HS5TS

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BlockTransfer Patent, using Blockchain to Innovate Transfer Agent tradition

https://patents.google.com/patent/US20220284507A1

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BlockTransfer InVenture Prize Presentation

https://www.youtube.com/watch?v=S75IvkicWD8

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BlockTransfer Stellar Community Fund Pitch

https://www.youtube.com/watch?v=1Lq51IJDHI0

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music