Some info on Dentzer
- https://www.wsj.com/articles/william-dentzer-helped-wall-street-unsnarl-its-paperwork-11613055610 (https://archive.ph/HthBH)
- https://susan-g-dentzer.medium.com/the-greatest-father-from-a-great-generation-f9ceb3758066
and a bit of a dive in to DTCC and how it works.
Through a series of complex legal frameworks pretty much all stocks are actually owned by DTCC. They hold the shared to all the publicly traded companies on the stock exchange through their Cede and Company subsidiary.
People who invest in stocks are given a security entitlement through a securities intermediary, i.e. a broker. So, DTCC owns the stocks, and they give out certificates to brokers to trade the shares. The brokers then resell the certificates to the beneficial owners.
Normally, none of this really matters, and it’s just an obscure legal mechanism nobody pays attention to. The time this does start to matter is when a bank or a brokerage goes bust, the way we saw during 2008 crash. At that point the securities go to the secure creditors who actually own them and not to the beneficial owners.
Everything I’ve seen from Redditors in the GME context is baseless drivel. They don’t do research and knowledge sharing as much as day-dream and share fiction.
Except for the fact all their stuff some from researching and reading what other industry experts have been saying for years? Everything mentioned in OPs post I already knew specifically because of them. They may be crazy for some stock and have wild theories about it, but they have done more to bring to light the fuckery in the stock market than anyone has in decades. At this point the have more on just how the stock market as a whole than the GME stock which honestly I couldn’t care less about. They have an entire library archive of their research and source everything so the only “baseless drivel” is your comment.