Reposting this here. What is required now is an Activist Investor Group. AIG. The point of forming an AIG is not for it to do anything. The point is to publicise that retail owns an UNPRECEDENTED percentage of the float and that this is verifiably true BECAUSE we have DRSed. If we had not DRSed, we would have no VERIFIABLE INDISPUTABLE way of proving percentage ownership. This is crucial: because shares do not have serial numbers, there are dozens of ways of double or triple counting. Obfuscating. But you cannot gain say the register seen by our crew.
Yes, a plausible and universally popular ostensible reason for the AIG to exist must be found. A corporate action. But this action is NOT what will crack the GME short squeeze nut. The PUBLICITY around an unprecedented AIG of such focus and percentage support from proven owners of stock will cause a sensation. The aim is to create another stampede into GME as people realise that retail could do it again. AIG is the catalyst. It’s going to be impossibly hard unless we can find a backer with MONEY.
Money to: incorporate the AIG. With a clear Constitution, Articles. Set up a slick website. Engage at least one media rep to send out press releases / deal with media enquiries. Get legal advice on correctly framing a proposed corporate action. Submitting same. Deeply disappointing Dave Lauer and Alex were so unsupportive.
‘Let me be perfectly clear’ vomit I feel that without a successful AIG, we are screwed. The momentum is gradually fading and folk will start quiet quitting. Hope will be replaced by resignation. IMHO, AIG is the most urgent task at hand. Bar none. Not because I thought of it, but because that’s facts.
I attribute the perceived fading momentum has a lot to do with Reddit itself. There’s a reason wall street wants a piece of reddit, and it has nothing to do with however profitable “making redditors look at ads” is.
Regardless of that, I think this post is spot-on overall.
Love seeing this conversation get started here!
@Bellweirboy - I wanted to let you know that I did start a community here (like a subreddit) specifically to discuss AIGs and how they operate / could be utilized by investors interested in activism.
https://lemmy.whynotdrs.org/c/activist_investing
Maybe you could crosspost this there as well!
Agreed 100%.
The ~25% owned by household investors of ONE company - directly registered - is utterly, completely unprecedented and historic.
Such… (un)precedence and history needs a more authoritative and legitimate voice at this point and if the way to get that voice (and publicity) in the current maze of corruption in the system is an AIG, as that seems like something completely reasonable and within reach, then that’s something that needs to be done.
