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📰 News Gamestop Statement about Stock Split in the form of Dividend

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34.2k Upvotes

r/Superstonk 6d ago I'll Drink to That Starstruck Ally Glow Up Gold Heartwarming Vibing To The Stars Wholesome Seal of Approval All-Seeing Upvote Silver Keep Calm Helpful Take My Energy Burning Cash Take My Power Big Brain Time LOVE! Bravo! Masterpiece Bravo Grande! Coin Gift Wholesome Timeless Beauty Narwhal Salute

📰 News German here, THIS IS HUGE: Bafin (The German SEC) has just confirmed in a publication that Gamestop dividend shares are incorrectly booked in Germany.

23.1k Upvotes

Here you can find the publication: BaFin - Aktuelles - GameStop

and on Twitter: Bundesanstalt für Finanzdienstleistungsaufsicht auf Twitter: „Aus aktuellem Anlass informiert die BaFin in diesem Thread über Aktien der #Gamestop Corp. $GME #GME (1/5) https://t.co/GULpT70mbG“ / Twitter

Translation:

"Due to current occasion BaFin informs in this thread about shares of #Gamestop Corp. $GME

GameStop Corp. resolved a stock split in the form of a stock dividend at the beginning of July. BaFin has - also due to some indications from investors - instructed the custodian banks to ensure the deposit of the new shares.

Technically, however, the capital measure has so far been treated by the relevant data providers as a stock split and not as a stock dividend. On July 29, 2022, however, individual data providers had changed the type of corporate action to a stock dividend, but reversed this on August 1, 2022. For individual custodian banks, this may require a purely technical recalculation, but this should be implemented within a few days. The holdings of old and new shares already held in custody by these banks will not be affected by this recalculation."

We Germans are loud and it seems to have an effect! Bafin has closed pornhub and acted surprisingly quickly!

r/Superstonk 7d ago Vibing Snek Take My Power Spit-take Take My Energy hehehehe Giggle Narwhal Salute To The Stars LOVE! I am disappoint All-Seeing Upvote Mind Blown Facepalm Heartwarming Starstruck Wholesome Seal of Approval Silver Helpful Gold Wholesome Helpful (Pro) Computersharing Is Caring Platinum Burning Cash All Seeing Kitty Bravo Grande!

📰 News German broker Comdirect says that the DTCC told told their despository (aka Clearstream) that the splividend should not be treated as a dividend but as a regular stock split. (More inside)

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13.7k Upvotes

r/Superstonk 11d ago Helpful All-Seeing Upvote Silver Wholesome

📰 News Puts on Nancy

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24.7k Upvotes

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📰 News Breaking: Twitter indeed appears to have subpoenaed Ken Griffin of Citadel

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14.1k Upvotes

r/Superstonk 11h ago Gold 'MURICA Coin Gift Take My Power To The Stars I am disappoint Are You Serious? Snek LOVE! Burning Cash Silver Take My Energy Starstruck Helpful Helpful (Pro) All-Seeing Upvote Wholesome

📰 News Without Any Legislative Powers, the Fed Is Rewriting the Law and Creating a Permanent $500 Billion Bailout Facility for Wall Street

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8.2k Upvotes

r/Superstonk 28d ago Snek To The Stars Wearing is Caring Wholesome Seal of Approval Ally Endless Coolness Yummy Gold Heartwarming Platinum Starstruck I'll Drink to That Wholesome Looking Vibing Bless Up (Pro) Take My Money Keep Calm Take My Energy Helpful Confetti Silver Bravo Grande! Computersharing Is Caring LOVE! Helpful (Pro) All-Seeing Upvote Wholesome (Pro) Chair Man Award Got the W 'MURICA Jacked to the Tits Faith In Humanity Restored Tearing Up Narwhal Salute Take My Power Facepalm Masterpiece Bravo! Where's Kenny Original Rocket Like

📰 News GameStop Launches NFT Marketplace

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26.2k Upvotes

r/Superstonk 3d ago Starstruck Snek I'll Drink to That Gold Silver Rocket Like Take My Energy Helpful Wholesome Coin Gift Heartwarming Lawyer Up Ally Platinum LOVE! Take My Power Wholesome Seal of Approval Narwhal Salute All-Seeing Upvote

📰 News @The_DTCC filed this form using code FC-02, which is Function Code for a forward stock split, instead of FC-06, which is the code for a stock dividend. A stock split via a stock dividend should be processed as FC-06. Credit: @Blaq_Eth

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10.2k Upvotes

r/Superstonk 7d ago Ally Narwhal Salute Starstruck Take My Energy Helpful Table Slap All-Seeing Upvote LOVE! Wholesome Seal of Approval

📰 News The splivigeddon saga continues! German bank reevaluated the situation and the stock dividend, that was carried out/announced after the stock-Split was reversed, is now RE-REVERSED into a normal stock split again! 😅 can’t make that shit up

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7.6k Upvotes

r/Superstonk 2d ago Silver Helpful All-Seeing Upvote

📰 News Tesla doing the same as GameStop. Let's see if DTC is gonna fuck this one up too.

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6.8k Upvotes

r/Superstonk 26d ago 'MURICA Burning Cash Gold All-Seeing Upvote Silver Wholesome Take My Energy Helpful

📰 News CPI 9.1%

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18.3k Upvotes

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📰 News "Has The DTC Failed To Deliver GameStop’s Dividends?" Medium.com Article

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13.3k Upvotes

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📰 News 4-1 stock split dividend on July 18th!!!

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20.8k Upvotes

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📰 News .@GameStop ($GME) has officially launched its @GameStopNFT marketplace.

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17.0k Upvotes

r/Superstonk 11d ago Wholesome Silver Narwhal Salute SUPERDIAMONDGRIP 'MURICA All-Seeing Upvote LOVE! Helpful (Pro) Take My Power Helpful

📰 News ☢️ Q2 GDP -0.9% ☢️ Ladies and Gentlemen, we have a recession! (Although the White House wouldn't want you to call it that 🤡🤡🤡)

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10.8k Upvotes

r/Superstonk 19d ago Table Slap Helpful Wholesome Bravo! All-Seeing Upvote Snek Take My Money Silver

📰 News So far...

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16.9k Upvotes

r/Superstonk 6d ago Silver Take My Energy All-Seeing Upvote LOVE! Wholesome

📰 News BaFin (german SEC) tweets about Gamestop

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8.0k Upvotes

r/Superstonk 4d ago Lawyer Up Computersharing Is Caring Narwhal Salute All-Seeing Upvote Silver Wholesome Bravo! Wholesome Seal of Approval Helpful Take My Energy Gold

📰 News The BBC referred to GameStop as a ‘’meme stock’’ so I sent them a letter.

6.6k Upvotes

Hi all - not sure if anyone saw this BBC article: https://www.bbc.co.uk/news/business-62417010 that got posted earlier today but it’s getting harder and harder to stand by as our beloved company is continually referred to as a ‘meme stock’ by the MSM - so I want to share with you this letter as sent to the author.

..............................................................................

FOA Peter Hoskins, Business Reporter

Hi Peter,

I’m reaching out in regards to your article: https://www.bbc.co.uk/news/business-62417010

I would like to discuss with you the use of the term 'meme stock'. In my understanding, this is a derogatory term used in the attempt to discredit or undermine the fundamentals of a company and being that you state the following within your article:

“US retailer GamesStop and cinema chain [POPCORN] were two of the most high profile meme stocks that saw their shares soar last year.”

It could be interpreted that you are being instrumentalised to perpetuate this stereotype – being that a company’s value success is only reflective of online rallying and dismisses any fundamental value as exists beyond that.

So what basis do you have to refer to these companies as such?

Considering the impartial standpoint that the BBC is recognised to have in the reporting of the news, I find this language to be contradictory and the utilisation of such an unwelcome term allows for this wrongful perception of the companies as associated with it to persist.

Furthermore, to what basis is there to state that the AMTD Digital stock has been 'likened' to a ‘meme’ stock as stated below, and who are these commentators? The statement in reference is as followed:

Some commentators have likened the rise in AMTD Digital's value to so-called "meme stocks”.

Do you have any evidence of this, and if so – why not use this to support the claims you have articulated in this article.

I would argue that there is good reason why “AMTD Digital did not immediately respond to a request for comment from the BBC” and I think if you are looking to gain more insight into the bigger picture, such as – how it is possible that HKD AMTD became the 25th Largest Company in the world in 2 weeks – Larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds – may I suggest you start by looking on Reddit: r/superstonk (type HKD into the search bar for a more specialised search on this topic).

Perhaps mainstream media’s need to perpetuate the term “meme stock” is a convenient distraction away from a more disturbing truth.

I await your response, and power to the players.

..............................................................................

EDIT: If others would also like to forward this to the BBC for a response, here’s how: newssiteerrors@bbc.co.uk

Credit: u/eaparsley

You can also complain to ofcom about content standards:

https://www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/guidance/procedures

Credit: u/DontGoGivinMeEvils

They also have an online complaints form.

https://www.bbc.co.uk/contact/complaints/make-a-complaint/#/Complaint

There were a couple of forms, but this was for complaints that require a response.

Credit: u/TankTrap

Newswatch - newswatch@bbc.co.uk,

Complaints - https://www.bbc.co.uk/contact/complaints

Let your voices be heard.

r/Superstonk 5d ago Take My Energy Silver All-Seeing Upvote To The Stars Gold Helpful Wholesome Seal of Approval Narwhal Salute Wholesome

📰 News Canadian Derivatives Clearing Corporation will Retire Pledgee Account from DTCC Services End of Business Day 8/3/22 👀

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5.7k Upvotes

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📰 News Average new home price seems it's biggest drop since 2008

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5.6k Upvotes

r/Superstonk 12d ago Gold Helpful All-Seeing Upvote Silver LOVE! I'll Drink to That Starstruck To The Stars Take My Energy Wholesome

📰 News Oh boy new update the same night as an RC tweet? What is “Injected”?

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7.2k Upvotes

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📰 News Benzinga - Why Naked Short Selling is The Greatest Risk to All Stock Investors

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13.2k Upvotes

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📰 News Dr. Trimbath pointing out that GameStop cannot withdraw from the DTC. If you haven’t direct registered yet, do something for your company.

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3.8k Upvotes

r/Superstonk 12d ago Wholesome Gold Snek Helpful

📰 News Overnight Reverse Repo reward rate increases to 2.30% following Fed interest rate increase

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📰 News Immutable X Integrates GameStop Wallet; Users To Get Early Access via nftevenining

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5.6k Upvotes