Going back a few weeks we had the first mentions of GameStop recalling shares before the June shareholders meeting.

Almost immediately following we had reports that there is a regulation in Texas which states these recalls cannot be announced more than 60 days in advanced.

Further attempted clarification has started that GameStop cannot recall shares, but can announce that an election is going to occur and shareholders desiring to vote will need to recall their shares independently.

Immediately following that, there were again references to this 60 day rule, but I've seen it attributed to Texas, the SEC, and Federal regulation to name a few.

I'm on this sub way more than I should be, and have not seen anyone actually cite any policy, legislation, or anything concrete besides anecdotal evidence of the above beyond stating that it's fact.

I've dug through the means my poor ape brain knows how to dig through, and I have found nothing to validate any of the claims being made. I spent hours yesterday googling things and reading extraordinarily long PDFs to no avail.

To be clear, I absolutely believe that these rules exist. But we need the exact text of the regulations to be able to really instead them, and I don't think we've seen that yet. Because of that, there is a TON of well intentioned misinformation circulating about what share recalls can mean and dates surrounding them.

I'm posting this hoping for some more legal minded apes to help us grasp the exact situation and wording. I feel like this is an area of DD we really haven't seen much specific work in, beyond knowing that recalling can happen. We seem to have just accepted this 60 day rule without truly knowing what it is or understanding what it means.

Any help or insight is appreciated. I'm not looking for theories or interpretations. The "my understanding" or "what I read" isn't what we need. Specific citations and regulations, please.

Thanks for all your work, everyone.