On December 22, 2023, our very own @jackofspades123 made a post on superstonk titled Plan is not DRS, which was mostly based on this original post by @Chives.
This is notable because superstonk has a history of removing posts like this, posts that talk about the distinction between plan (not DRS) and DRS.
I don’t know how superstonk mods decide to remove or not remove a post, but they let this one stay up.
Regardless of prior actions and behavior up to this point by superstonk mods, this is a positive development. This is a major victory for the truth, in the ongoing war of competing narratives.
The plan versus DRS narrative competition is ongoing. For a long while, it was a topic that was heavily suppressed and deliberately confused in superstonk.
Eventually, this issue played a significant role in the banning of the DRSyourGME subreddit.
It is interesting to me that this issue in particular is one that ultimately became so controversial and disputed, and in particular the position held by the superstonk mods.
Regardless, somehow, some way, this is a post that was able to exist in superstonk at this time, which is an interesting development in the ongoing plan versus DRS narrative fight.
Kudos to jackofspades123! 🍻
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While superstonk mods did so graciously permit this truthful post to exist in their subreddit that is a place that belongs to them and not the community that they lord over, they still couldn’t resist not posting their own opinion and pinning it to the top of the comments to reassert their opposing view once again.
The following is a critique of that pinned comment.
The mod team doesn’t have a narrative we’re pushing when it comes to the differences, if any, between plan and book shares.
The very first sentence gives it away. From the very beginning, from "I also want to be the Book King 👑 " and maybe before, superstonk mods have been pushing the narrative that there is no difference between plan and DRS.
What is really being said here is: “Our view is that there is no difference between plan and book shares, and this is the narrative that we are not pushing” said the mod that pinned his narrative-pushing comment to the top of the comments so that everyone has to see it and be exposed to information that attempts to contradict the truth of the distinction between plan and DRS.
All we can go by is the evidence. There are some in this community (and other GME communities) who have strong feelings on the matter. Some people cite generally ambiguous evidence from various sources (and of various levels of credibility) that believe that this evidence supports their deeply held position that book-held shares are in some way processed differently or outside of plan-held shares.
The mod is clearly attempting to discredit the Plan is not DRS post by saying that this information is based on strong feelings, ambiguous evidence, of various levels of credibility.
Further, this comment is deliberately misleading because nobody is talking about the distinction between the way that DRS shares and plan shares are processed.
This isn’t about processing of shares, it is about what is and what is not DRS.
We’re receptive to evidence that proves this theory. But, understand, it is a theory. All the evidence we’ve received directly from Computershare is that, when it comes to plan and book shares, it’s a difference without a functional distinction. We believe in free discussion and debate, but always consider the source. This is a good discussion post, and we’ve restored it after internal discussions. Some of the information in this post, for instance, comes from this site: https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts At the bottom of this site is the following disclaimer: This Bulletin represents the views of the staff of the Office of Investor Education and Advocacy. It is not a rule, regulation, or statement of the Securities and Exchange Commission (“Commission”). The Commission has neither approved nor disapproved its content. This Bulletin, like all staff statements, has no legal force or effect: it does not alter or amend applicable law, and it creates no new or additional obligations for any person. Keep in mind that information can be interpreted more than one way. If you believe book shares are the way - book them. If you think there’s evidence suggesting that it doesn’t matter, or you’re not yet convinced one way or the other, then keep digging. For now, just keep the conversation civil, don’t gatekeep or bully people into your point of view or having to invest your particular way, and travel safely!
The mod is saying, to conclude, “Plan is not DRS” is merely a theory, so don’t give it too much credence. Also, we believe that Computershare said that it is a difference without a functional distinction, and this supports our narrative, the narrative that we are not actively pushing.
Also, this theory is even less credible than you thought it was because the SEC bulletin cannot be considered authoritative.
We have decided, after internal deliberations, that we would graciously allow this
posttheory to exist in our subreddit, because we are very generous and care deeply about your ability to discuss the truth. The important thing to remember is that plan and book are actually practically the same, the distinction isn’t worth your attention, and that this is a narrative that we have not been actively pushing for the last year.