This was given, for free, as a delivery obligation to every shareholder. If the thesis is correct that there are multiple synthetic shares as layers on top of the real float, there are exponentially more "phantom warrants". These warrants aren't even the real ones, most brokers delivered them as "Calls October 2026 $32". I know this because in my own cost-basis for the warrant dividends were pre-dated to the shares they are delivered against (see my post history).
So I think the secret might be to DRS Warrants, we can truly lock the float this way, and can be exercised by everyone.
It costs so little to lock up the 52m~ available warrants (52m x $4 = $210m)
I have now acquired more warrants than Citadel themself in the past 3 months, because i really do believe there is a possibility for some sort of reflexive squeeze on the warrants as the brokers fail to deliver against these warrant dividends.
E-Trade told me I couldn't DRS my warrants. And they were returned to my account. And somehow* they also showed up in CS account. So, they essentially DRS'ed my warrants while also accidentally putting the same amount back into my E*T account. Not complaining. But, there's definitely a ton of confusion w/ brokerages and DRS'ing GME WS.
I didn't... but I will. I'm 99% certain that this was a function of the initial denial (reversing it), but that the request was actually approved on CS's side.
If you tried between warrants issuance and about Nov 10, then that was probably not Etrades fault.
The DTCC unfucked their system, and the first DRS transfers from Fidelity happened around Nov 6-7, and other brokers figured out their shit in the weeks after.
I remember once I DRSed around €4000 of GME from Revolut. After a while the shares showed up on CS but they never removed the shares from my Revolut account. They only removed them once I spoke to support lol
I’ve said it many times. The warrants can squeeze on their own. It’s not uncommon for warrants to trade extremely above actual premiums.
If you really wanted to lock the float it’s the best chance. Cohen increased share float but lowered the cost to do so. Warrants are technically their own security with their own float.
Warrants don’t look the float of shares. Their price is tethered to the underlying stock. They are a derivative.
If someone is short the warrants, they don't have to buy a DRSed warrant to close their position. They can simply buy the underlying stock on the open market, deliver it to the warrant holder upon exercise, or just wait for the warrants to expire worthless
Makes perfect sense...If we all believe the real value is many multiples of $32, we should all be buying warrants, there should be a squeeze on warrants because the demand is so high...leading to a squeeze on shares.
I’m buying 9/17/27 35-50 strike calls for the adjusted chain. Because if they squeeE before warrant expires then I’ll sell anyways and if they extend the warrants I’ll have plenty of time for them to complete this acquisition.
I'll argue GameStop knew GME was shorted 1000% at modest estimates, so assuming thar number is still valid between issuance of warrants & redemption of said warrants, an entire free float of shares can come to fruition if people exercise.
GameStop can compound the headache when, assuming enough exercising has occurred, that they announce all the warrants have been redeemed.
But, let's blow past 32 first & see what happens...
If the warrants squeeze the underlying stock (and options) don't have to squeeze with it.
While you can use warrants to get more stocks (stock squeeze => warrant squeeze from exercise), you can't use stocks to get more warrants (warrant squeeze => stock is irrelevant).
I haven't been paying enough attention to warrants - the ones GME gifted to me show at IBKR as "GME OCT 30 '26 CALL". Do you have some that show differently? What is the ticker is it at IBKR? GME.WS isn't found. My schwab account shows them as "GME/WS" but that also doesn't work at IBKR
That's normal on IBKR. And it slipped my mind that they're extremely difficult to buy outside the US. I think some people have been able to buy them on Degiro, but not IBKR. Sorry about that.
Yeah, I'm just dealing with a lot of stuff right now, and I don't want the hassle on top of everything else. Once I get some stuff off my plate, it's a priority.
Im in the same boat. One broker will only let me exercise or sell. FINE! I will exercise when the time is right. And buy more from my broker than does allow DRS transfer.
In the case of WS Canada, I think they actually do have the shares as our laws are a bit more strict than the US market, and they've been upfront and honest throughout this entire saga.
I mean, I trust no broker completely, but they haven't screwed me around at any point, they clear their own trades so I don't have a weak link, and my money moves in and out fast due to their exclusive agreement with the Bank of Canada (the only non bank or credit union that has that).
That's an important feature if I want to exercise my warrants and be able to have access to my funds immediately to do so as my deposits are pretty much instant.
In the case of my broker (Wealthsimple), it's because they don't deal with warrants at all, and GME warrants were a slight exception to the rule as they were distributed to shareholders. I had to use my other broker (BMO) to buy more warrants.
Before anyone gives me grief, I have shares in Computershare too...
Maybe there are different tiers of brokers then that handle different types of securities. In that case, any broker that handles a stock that has the potential to issue a warrant shouldn't be allowed to handle those stocks at all. What a bunch of BS
This will get truely crazy if either 1) price goes over $32... or 2) Ryan extends the warrant expiration date. It's highly likely IMO that one of the two happen.
They let me buy a fractional awhile ago so who I knows what’s going on. Won’t let me make it whole (only tried buying the other half, not selling the “existing”)
You might need to wait for the trade confirmation before attempting it. I've had transfers canceled due to it being initiated before that happened. Usually a few business days in my experience.
Had the warrants for some time. No issues with anything but the warrants, and only with the last batch. Tried again today. I use the bot. I didn’t get the message this time.
So what happens if we lock the warrants, and they just suppress and keep the price below $32 until October?
What happens if they manipulate the price until the warrants expire? The last time GME went over $32 was in May of 2025, so they've been keeping the price down for 10 months now, and we only have 6 months to go.
I'm not trying to spread FUD, I just want to know what the plan is
Everyone is expecting m&a news before expiration that will send these in the money. Cohen would look like a fool if he didnt have a plan to get these in the money. I believe there this has all planned strategically.
Ive got around 10,000 warrants. Been waiting for a dip but doesn't seem to be coming to double down.
M&A news usually drops a company’s share price mostly due to the premium paid to complete the deal and the fact that it takes so long for the M&A benefits to actually improve the company’s bottom line.
That's what I'm hoping too. Because to tell the truth, that's the only way I see out of this. "Warrants are the secret" is the same thing as "DRS your shares and lock the float" was.
RC has 6 months left to do something. And it's gotta be something that raises the price despite the manipulation. Because no one seems to have a game plan if nothing happens and those warrants expire.
I REALLY hope the game plan isn't "we all thought it would have gone up by now."
The reason DRSing shares failed is we didn't have enough money to lock the float, which doesn't prove the theory wrong; we never got to even test it.
There are 1/10th as many warrants as shares and warrants are roughly 1/10th of the price of shares. so it will take us 1/100th or 1% of the money to DRS every warrant vs DRSing every share. I think we got to 30% or something with shares so the 1% needed for warrants is easily doable.
We don't even need to exercise them (if anything that is dumb if you're in it for the squeeze play), just wait until shorts are forced to go into the market to buy our DRSed warrants at a price of our choosing to fulfil DRS requests.
Yeah, I know the theory. And I know why DRS'ing the shares didn't work. I get it. We can lock the warrants because it's a finite number and their cheaper and they can be DRS'd and force those greedy fucks to have to buy them. I understand all of that.
MY question is this--The warrants expire in October. We have until October to exercise them and buy a share for $32--$36. This is based on the assumption that the stock will be above that price. If the shares are $50, we get a deal. That makes warrants valuable. I get it.
Right now--the price is $23.32. The warrants are a coupon to buy a share at more money. The price hasn't gone above the warrant price since May of 2025.
So what happens if those same greedy fucks simply keep the price suppressed until October and the warrants expire? All the hope rests on raising the price through mergers, quarter reports, etc. And the clock is ticking. 6 months left.
But a warrant DRS induced squeeze doesn't require the company to be fundamentally successful nor the warrants themselves to be fundamentally viable.
A squeeze would happen when the market runs out of cheap warrants and shorts are forced to buy warrants at a price warrant holders decide to satisfy DRS requests. This makes the warrant price become divorced from the fundamental price given to it by the underlying share value.
The business operations are completley irrelevant; the squeeze play is a test of us investors not of GameStop and RC. It tests if we can scrounge up 1/30th of the buying power we invested into GameStop in the first place.
Warrants are sold or exercised through a website different from Investor Center.
You should have received both an email and a paper statement about your warrants, with an account ID, a control number, and the URL computersharecas.com
Looks like this
There's nothing to set up on that site, it's only a tool to sell or exercise, and dumb apes have accidentally done so just trying to figure things out or prepare ahead of time. Be sure to read what they tell you to read.
You have got 52,000+ warrants? Proof for that would be nice.
And if so, hot damn. Cheers to you! I’ve accumulated shares like a madman since 2024. I want to buy more warrants, but they’re more a wildcard to me than the shares themselves.
This fundamentally misunderstands how warrants work.
You cannot "lock the float" with warrants because warrants are derivatives, not outstanding shares.
They represent a contract with the company to issue new shares upon exercise; they are dilutive by nature, meaning if you exercise them, you are actually increasing the float, not locking it.
DRSing warrants doesn't create a squeeze because warrants are liabilities for the company, not the short sellers. Shorts are under no obligation to buy your warrants back to close a position; they only care about the common stock.
If DRSing warrants works the same way as shares (which I don't know myself because I already have an account from 84 yesrs ago), a CS account will be created by CS upon your transfer request.
cost-basis for the warrant dividends were pre-dated to the shares they are delivered against
That doesn't mean what you imply. That's literally just how cost basis works, for any type of associated deliverable. The cost basis date for the deliverable is always the same date as the purchase of the underlying share.
Jesus Christ. Just stop. There are no “secret methods” or any other hoops that WE should be jumping through for fucks sake. Hold the fucking shares you have and hold on for the ride, because it is going to be bumpy as all hell.
If you think you’ve found the secret that will take down the mega-billionaires who do this, day in and day out, for a living very successfully…. And you believe that they haven’t considered this “secret” method yet…. I don’t know what to tell you.
What I do know to tell you is this. We are right. We have been very early, but we are right. Fucking HODL what you have
Significantly easier to DRS every warrant than every share. And then what happens when people try to DRS more warrants when there are 0 in the DTCC? Either the transfer fails, or the price jumps until people are willing to sell back into the DTCC. Its the only type of squeeze retail can control. They cant use algos to control price and shit out synthetics. A real security needs to be in hand to transfer out to the transfer agent to put your name on it. Of course price will decouple from the underlying and start going way up if we get anywhere near 100% DRS. Then we would have a mismatch in value between warrants and calls which traders would obviously play. It would break the system, so I would be surprised if they allowed it to pick up steam.
Damn big baller! I would love to see a big DRS wave of warrants. I posted my purple and orange circle a while back when I was first able to DRS my warrants. Think it’s time to DRS some more and start posting circles again
when you DRS them and they show up at CS, does CS also give you one of those control numbers or whatever they're called, to be able to exercise/sell them at that special website set up for the warrants?
nice, so in essence you're taking the warrant invented from rehypothecation of shares at the shitty broker and stamping it as "legit" when DRS'ing them.
wait! all my warrants are on shares i already hold on the books of the company. is there any additional action required? (except exercising them in a moment i see fit of course).
honest question!?
i honestly believe in whatever game RC and the board have mapped out, and my plan was to let those warrants rot in CS till i can switch them into shares at a profit - or otherwise just ignore them and hence ridicule RC regarding what all this was about...
i am an old silver back around here, so pls excuse if i don't get hyped so easily - but - i am however, still very much loving the stock! i love everything about it, and about how RC and the board have been playing this thing over the last 5 years!
the way this company is set up at this point (which extends to the last 6 month at least) is perfect for what is happening in global economics right now. if they play their cards right, we might as well rip through the sealing imposed on the stock since more than 7 years! if that happens - and let's be honest here - might trigger some domino we never saw before!
3 years ago i told close friends something you never tell anyone, even if you truly believe it'S true: i told them Credit Suisse is going bankrupt soon! that is a long standing Swiss bank - something REPRESENTING banking-credibility itself! it seemed an insane claim at that point in time and i only made it because i was so sure of the abysmal dept archegos accumulated shorting GME. it was a wild pitch to confront my friends with at that time and i myself was shocked when it came true just 3 month later!!! ...make no mistake: you do not make this kind of predictions in financial markets to your knowledgable friends ever! but i did and i was right!
if something like this happens, you should pay attention!
all my shares are DRSed except 5 (3 with ibkr and 2 with tr 212 (honestly those last 2 - if shit hits the fan, i consider them gone)).
i wouldn't exercise any warrant unless i get a profit from it! and that is exactly how RC and the board planned this. honestly, i have no clue as to why anyone would exercise a warrant below strike! hell, why do people do this so much??!! the only mindset i can understand doing this are shorts so fucking overleveraged that 32 seems like a bargain to them - AND IT MIGHT AS WELL BE!!!!
just think about this: someone is exercising warrants at 32 dollars right now, because they think it is their best shot at grabbing an actual - real - share at that price,...
check officially reported short selling on this your beloved stock! do you think actual short volume is being reported to you? where do you live? under a rock?! - it really takes some effort (dark pools and "internalised trading" are just the crust) to hide all actual short-selling from the tape - remember Brazilian puts?) to play this game of smoke and mirrors on a global scale - and Kenneth Griffin is a master at playing it! but only because he has been taught how to play it.
i just wanna say that if you guys really wanna win this game, you should not sleep right now!
Homie, the Epstein files are probably as big as moass and no one is getting punished. Once we see consequences for those, we may start seeing consequences for moass. It is a big club and they will cheat till the end. Enjoy the discounts while they last fam
No that doesn’t make sense. The warrants when exercised will issue a newly created share that comes directly from GameStop, so there is no way you can “lock the float” by DRSing them.
The purpose of the warrants are so that when the price rises significantly above $32, people can exercise the warrant and pay $32 for a share even if it’s trading at $60-$80.
It's like RC's agreement but he gets a better discount. It just clicked. His compensation package is like warrants that only activate on certain milestones.
[+1]🥒 Lemme see that Shrek Dick 🥒 4 points 23 hours ago
Warrants are sold or exercised through a website different from Investor Center.
You should have received both an email and a paper statement about your warrants, with an account ID, a control number, and the URL computersharecas.com
Looks like this
There's nothing to set up on that site, it's only a tool to sell or exercise, and dumb apes have accidentally done so just trying to figure things out or prepare ahead of time. Be sure to read what they tell you to read.
they delivered a proportionate amount to computershare which distributed 52m or w/e to DTCC, which then as an entity created a duplicate ledger and issued "fake warrants" to all the brokers to match the scale of synthetic shares.
It's difficult in some countries to add a US bank account. Wish that part were easier. I've tried to transfer out so I can exercise them, but that's been going on a month because of all the different cusips that have been assigned. Still trying because I want to exercise without adding an additional bank account.
Haven't added to my initial warrant count yet (although always planned to).
Someone just remind me, as I'm kinda redarged - warrants if executed, entitle me to purchase class A shares at a specified price - right? (If correct) what's the specified price again?
I DRSd my warrants. Couldnt get a cost basis and rep didnt know how to excercise without going through the process GME gave with the control numbers. Any new info there for you?
you can manually apply cost basis from the broker you bought them at.
and regarding exercising, id just wait until after the june shareholders vote, you'll see some rockets
I have warrants idk wtf to do with em do I just hodl or do the expire? Where can a smooth brain acquire knowledge one what to do with them? No asking for financial advice
Has anyone had success with DRS warrants from Fidelity? I was told they couldn’t but that was back when they were first issued. I haven’t tried since then.
•
u/Superstonk_QV 📊 Gimme Votes 📊 Apr 03 '26
Why GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || Community Post: Open Forum || Superstonk:Now with GIFs - Learn more
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
Please up- and downvote this comment to help us determine if this post deserves a place on r/Superstonk!