Crypto Company (CRCW)

[Dingbatt]

DTCC proves incapable - could lead to GME removing shares. What will they ever do for an exchange?? LRC?
Discussion
This was a top comment in SuperStonk on why GME doesnt sue the DTCC and SEC..

“No need to sue.

The house committee's report yesterday showed that the DTCC is incapable of performing its duties and will act in the same way if faced with this event again.

GameStop wrote in their 10-k(?) that they reserve the right to remove their shares from the DTCC should they be deemed incapable of protecting shareholders best interests, or something along those lines.

I think GameStop removing their shares from the DTCC is now ironclad and I'd imagine we'll be hearing something soon.

Edit since this got so much traction: This is all speculation, and it could of course be incorrect!

However...if this isn't the plan, then it's likely because there's an even better one (or ten) in the works. GameStop has a world-class board of diamond-handed directors at its helm, dedicated to delighting customers, DELIVERING VALUE TO SHAREHOLDERS, and transforming the company into something greater. Such a transformation is infinitely more difficult when your ability to raise capital is being fucked with, so I'd expect that there have been plans upon plans being set in motion since RC and co took over, 84 years ago in the days of old last year.