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A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None of this is...

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The Mainstar incident has me convinced, all shares kept in brokerage name will be closed against our will before the price is allowed to move. Now I am 100% DRS (lemmit.online)

submitted 2 years ago by [email protected] to c/[email protected]

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The original was posted on /r/Superstonk by /u/McStabYou on 2023-07-18 00:01:37.

We are all individual investors and I'm sure several people made the decision to keep a few shares in broker accounts because selling DRS shares during the squeeze might decrease pressure. Whatever the reason, Mainstar's DRS reversal has me convinced. Our shares are not safe in the custody of a firm or broker and they have the power to mess with our shares before the price even has a chance to move. I also think it's suspicious that this happened so soon after the heat lamp discussion was gaining popularity. I'm getting the rest of my position into computer share tonight. Whole shares only.

Now look how Zen I am 😎

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[–] [email protected] 1 points 2 years ago

I’m getting off mainstar but unsure of what to do with my tradition ira gme shares.

I’m moving the Roth shares to and LLC through “IRA Financial”

I understand that the trad ira gme shares held by mainstar as custodian have been pulled out of drs. To get them fully drs’d i believe I have to cash them out, take a tax penalty (not even sure how much it will be) and then to just take that money and rebuy gme shares to drs? Any other routes others have taken?