Short version:

Date DRS count Source
10/30/2021 20,800,000 Form 10-Q
1/29/2022 35,600,000 Form 10-K
4/30/2022 50,800,000 Form 10-Q
5/26/2022 47,016,408 List of stockholders
7/30/2022 71,300,000 Form 10-Q
8/15/2022 72,500,012 Whale #1 DRS’d 1,200,012 shares
10/29/2022 71,800,000 Form 10-Q
3/22/2023 76,000,000 Form 10-K
4/21/2023 76,265,982 List of stockholders
6/1/2023 76,600,000 Form 10-Q
6/20/2023 75,329,434 Mainstar rugpull -1,270,566
8/31/2023 75,400,000 Form 10-Q
11/30/2023 75,400,000 Form 10-Q

Long version:

Date Shares Comparing to previous date Filing Notes
10/30/2021 10-Q 5,200,000 (x4 = 20,800,000 DRS) “As of October 30, 2021, 5.2 million shares … were directly registered with our transfer agent, ComputerShare.”
1/29/2022 10-K 8,900,000 (x4 = 35,600,000 DRS) +14,800,000 DRS over 91 days “As of January 29, 2022, 8.9 million shares … were directly registered with our transfer agent, ComputerShare.”
4/30/2022 10-Q 12,700,000 (x4 = 50,800,000 DRS) +15,200,000 DRS over 91 days “As of April 30, 2022, 12.7 million shares … were directly registered with our transfer agent.”
5/26/2022 list of stockholders Total shares: 76,129,034 (x4 = 304,516,136) !! Owned by Cede: 64,374,932 (x4 = 257,499,728) !! Implied Non-Cede: 11,754,102 (x4 = 47,016,408 DRS) -3,783,592 DRS over 26 days
7/30/2022 10-Q 71,300,000 DRS +24,283,592 DRS from 5/26/2022 list of shareholders (over 65 days) or +20,500,000 DRS from 4/30/2022 10-Q (over 91 days) “As of July 30, 2022, 71.3 million shares … were directly registered with our transfer agent.”
8/15/2022 Whale #1 DRS’d 1,200,012 shares 72,500,012 DRS
10/29/2022 10-Q 71,800,000 DRS +500,000 DRS over 91 days (5,494 per day) “As of October 29, 2022, 71.8 million shares … were directly registered with our transfer agent.”
3/22/2023 10-K Owned by Cede: ~228,700,000 !! Non-Cede: ~76,000,000 DRS +4,200,000 DRS over 144 days (29,166 per day) “Excluding the approximately 228.7 million shares … held by Cede & Co on behalf of the Depository Trust & Clearing Corporation, approximately 76.0 million shares of … were held by record holders as of March 22, 2023.”
4/21/2023 list of stockholders Total shares: 304,717,022 !! Owned by Cede: 228,451,023.9 (+16) !! Non-Cede shares: 76,265,982.1 DRS +265,982 DRS over 30 days (8,866 per day)
6/1/2023 10-Q Owned by Cede: ~228,100,000 !! Non-Cede: ~76,600,000 DRS +334,018 DRS over 41 days (8,146 per day) “Of those outstanding shares, approximately 228.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 76.6 million shares … were held by registered holders with our transfer agent as of June 1, 2023.”
6/20/2023 Mainstar rugpull Minus 1,270,566 DRS shares
8/31/2023 10-Q Owned by Cede: ~229,800,000 !! Non-Cede: ~75,400,000 DRS -1,200,000 DRS over 91 days “Of those outstanding shares, approximately 229.8 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares … were held by registered holders with our transfer agent as of August 31, 2023.”
11/30/2023 10-Q Total shares: 305,514,315 !! Owned by Cede: ~230,100,000 !! Non-Cede shares: ~75,400,000 DRS 0 DRS over 91 days “Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation and approximately 75.4 million shares … were held by registered holders with our transfer agent as of November 30, 2023.”

Discussion points:

  • It seems “odd” on some of the DRS count fluctuations since the beginning.
  • There have been 2 “somewhat hidden” 2022 rugpulls (May 2022 and Aug/Sep/Oct 2022), the June 2023 Mainstar rugpull, and now the Sep/Oct/Nov 2023 rugpull.
  • It seems “odd” on recent DRS count stagnating (excluding the Mainstar rugpull of 1.27 million shares). From a very simplistic view assuming 200,000 Computershare accounts:
Buy X number of shares a month Multiply by 3 months per quarter Total DRS per quarter if 100,000 active accounts Total DRS per quarter if 200,000 active accounts
1 3 300,000 600,000
2 6 600,000 1,200,000
3 9 900,000 1,800,000
4 12 1,200,000 2,400,000
5 15 1,500,000 3,000,000
  • The April 2023 List of stockholders DRS numbers seem correct and line up with SEC filings.
  • Possible some investors have had to un-DRS.
  • Possible economic slowdown has reduced investor purchasing power.
  • Whale investors who helped inflate DRS numbers alot, have dramatically slowed down their purchasing.
  • Tinfoil - forces inflate DRS shares 9 to 18 months back, then drain their DRS shares later. Probably spread across say 3,000 accounts to make it seem like normal activity.
  • Tinfoil - operational efficiency draining from DRS non-Book shares on certain dates.
  • Tinfoil - possible something funny with SEC filing reported number.
  • jergy
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    1 year ago

    great post OP!

    also, TIL that Lemmy in fact does support tables. It isn’t obvious how to do it, but thank you OP for demonstrating to me that it is possible.

    • lovetoburstOP
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      1 year ago

      Yeah, I wish the default Lemmy editor included tables like reddit’s Fancy editor. I copy-paste from my reddit post (in Markdown mode) and it preserves the tables over in Lemmy.

      • jergy
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        1 year ago

        that’s awesome. i should have clued in earlier that markdown is valid in Lemmy

        for anyone else who is curious: Markdown table: How to Create a Great Looking Table

        Item Price # In stock
        Juicy Apples 1.99 739
        Bananas 1.89 6

        you can go to the original post, or this comment for example, and click the view source button and see how markdown text can create a table