There's a lot of FUD happening around the Gary Gensler Twitter Space that happened yesterday (ah, the weekend..) so I just want to address a few things. Here's the direct link to the twitter video if you missed it. Also, here's a link to the Computershare DD series part 6 which is usually pinned, and of course there are more DRS resources in the automod pinned comment below! 👇

First of all, Gary never said he didn't know what DRS is!

Here's what Dave asked:

I’d like to ask 2 questions about this - first, are you aware of the effort on reddit to directly register shares, and if so what do you think about that?

Gary's response was NOT that he didn't know what Direct Registration is, rather that he needed to look more into what is happening on reddit regarding DRS and the DRS movement. He opened the door for more conversation and for us to tell them more about this specific movement. (Dave even mentioned the DRS GME website!) He was literally saying TELL US MORE!! And the way to do that is through comments directly to the SEC. (And DRS'ing of course!)

I'd also like to add that Dr. T and several other professionals (Like Dennis Kelleher) have debunked the myth that companies/BoD/corporate entities can't recommend DRS to their shareholders. That is a myth that has been perpetuated since this DRS conversation started! This is simply not true, and certainly not anything to do with why GG "dOeSn't KnOw aBoUt DRS". Of course he does, transfer agents are a huge part of the investment ecosystem that they regulate.

Most importantly, I want to reiterate the real takeaway from yesterday, the SEC wants to hear from you! The door is open to have as much involvement as you'd like in creating change in market structure.. the ball is in your court. It all starts with direct comment and conversation with the SEC. I don't care about the FUD saying this is all "clown theater" and that "we can't make a difference" and to "ignore this and just continue DRS'ing".. I mean, porque no los dos?!?!

The same narrative has been used forever to suppress voter turnout and union organization and convince individuals that we don't have a voice or a say in how our society works. Just look at the union movement happening, there is power and strength in numbers and change is ripe for the taking. Even while retaining individuality, you can make a huge difference!!

https://preview.redd.it/tnqd2qduvj6a1.jpg?width=828&format=pjpg&auto=webp&s=6dc26980c64015d25b23ef83b2a522f25860b4e2

Yesterday was an unprecedented conversation, and it's just the beginning as long as the momentum and engagement continues. Seriously, don't let the FUD detract from what just happened yesterday. I know I'm not going to let it stop me!

New SEC Comment Submenu Tab

So, you'll notice that the sub menu along the top 👆 now includes a tab with links to learn more about submitting comment to the SEC. More resources will be added as they are compiled. Imagine if all the time and energy spent over the last 2 years researching, writing DD, and educating each other, was now also channeled towards the SEC and demanding change! Just look at the DRS movement and how much changed literally overnight.. suddenly DRS was a worldwide phenomenon causing Computershare to call in teams from all over the world in an all-hands-on-deck response to unprecedented engagement (this came from personal conversations with Computershare during the time of our AMA last year.. we literally blew their minds!!) but I digress..

I just don't want the FUD to distract from the major things happening right now, and the collective accomplishment of the entire community that happened yesterday (and a huge shoutout to the advocacy efforts of We the Investors!) GG was genuinely blown away by the community's breadth of knowledge and I'm immensely proud of us. Power to the Players!!

Seriously, cheers!!

I think DFV would be proud! 🍻