Despite it being one of the most easily debunked terms in this debate, people continue to push a false equivalence between Plan holdings and DRS holdings by pointing to the fact that they are both "book-entry".

Below are some examples, identities have been removed to keep within sub guidelines. I am not here to call any one person out, I am here to call out misinformation whether it's being spread unintentionally or not.

false equivalence

further muddying the waters

lending/locates are besides the point and unprovable. Just prove the meaning of book entry!

A meme from a 1 year old post that is still being shared

So what does book entry mean?!?!

It's a lot simpler than you think

Well, check out the following sources! They are all short reads, I urge everyone to check at least 3 of them out and then search for "book-entry" or "book entry" themselves!!!:

• https://www.investopedia.com/terms/b/bookentrysecurities.asp
• https://en.wikipedia.org/wiki/Book_entry
• https://investinganswers.com/dictionary/b/book-entry-securities
• https://dictionary.cambridge.org/dictionary/english/book-entry
• https://www.sec.gov/answers/bookentry.htm
• https://www.invesdor.com/blog/heres-how-you-open-up-a-book-entry-account#/
• https://www.nasdaq.com/glossary/b/book-entry

So anything electronically recorded is book entry. Broker held shares are also book entry, because they're not a paper certificate. It's really that simple!

Please share the true meaning of book-entry wherever you can and stop this misinformation!

P.S. Does anyone else remember this Tweet from Dr. T. about "difference without distinction"? Guess what? She was talking about book entry! It makes a lot more sense when you know the true meaning of the phrase.

https://twitter.com/SusanneTrimbath/status/1594838022381785090