This is a work in progress. Last updated: 4/26 @ 11:50 ET
VERY IMPORTANT WARNINGS
1) BE CAREFUL WHICH LINK YOU USE TO VOTE.
- THERE ARE PHISHING WEBSITES MEANT TO TAKE YOUR CONTROL NUMBER.
2) DO NOT USE THE LINKS WITHIN YOUR EMAILS! SOME BROKERS DO NOT SEND THE FULL VOTES OUT.
- INSTEAD, COPY THE CONTROL NUMBER FROM THE EMAIL AND FOLLOW THE OFFICIAL LINK FROM THE 14A PROXY STATEMENT FOUND ON THE SEC/GAMESTOP WEBSITE
- more details and references below
Official Links
- Official links from GameStop Website << Updated
- Official & Verified Voting Portal direct link from Official Proxy Statement << Check this yourself from the 14a SEC filing
Voting
- Shareholders can vote for 3 proposals found in the proxy statement, as well as more during the Annual General Meeting to be held 6/9/2021
- Election of Directors
- Advisory vote on Executive compensation
- Ratification of appointment of independent registered public accounting furm (Deloitte)
- You should receive an email from your broker with a Control Number used to vote.
- If your broker has not given you notice - call them and chase them for it.
- There are scams going around (obviously) meant to take your control number.
- Remember that many brokers are not on your side (restricted buying in Jan, and are paid by Citadel for order flow) and may not report all your AGM Votes (highlighted section from the document).
- I recommend that you follow GameStop or SEC's official 14A Proxy Statement, finding the official link in the bottom of page 1, following it and entering the Control Number.
- The Board of Directors recommends that you vote 'FOR' (not 'against) every option, also found in page 1 of 14A.
Overvoting
- RC & BOD requesting to vote ASAP.
- It is possible to overvote with synthethic shares and has happened in the past.
Observations from 14A
- Reveals a modest increase in actual outstanding shares between the filing of the 10K on 3/17 and the data collection for the proxy on 4/15, and has not sold much (if any) shares.
- New Directors will get 200k of shares @ 30-day average price before starting employment.
- Substantial increase to their liquidity was sales of existing corporate assets.
- From the footnotes: BlackRock may be able to vote, while Vanguard may not.
Calculating float from figures in the statement
- Using figures from 14A: Outstanding shares - Institutional - Insiders = 26,644,355 floating shares. Kindly note that this calc. uses SEC Filing data from EOY 2020, which are not representative of current institutional holdings.
- Speculation / Lack of Accurate Data: Rough estimation of retail ownership ranges between 100-300% of float.
- Another rough estimation of float which incudes ETFs = 16,923,496 floating shares.
- Small-institutional ownership (excluded above) own an additional 20M shares.
- Another rough estimation excluding retail and some intitutions sums up around 68M share ownership.
- Considering all of the above estimations, it is quite safe to assume that there is a huge number of synthetic shares floating around.
Reference threads
Will be updating with more information tomorrow - it's late and I rushed the post out due to the phishing bullshit going around.
Let me know in the comments if I missed anything, or if something new pops up.