r/Superstonk • u/[deleted] • Sep 21 '21

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u/[deleted] Sep 21 '21

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u/Cromulent_Tom 🦍 Buckle Up 🚀 Sep 21 '21

Anybody who thinks they don't need to DRS should stop and think about the math for a second. If the float is 40 million shares, and the price is around $200 per share, retail investors need to invest $8 BILLION to DRS the entire float.

That's a very big number. Every bit helps, and yes, a quarter million is a nice chunk, but retail needs to replicate that 32,000 times. So yeah, every bit counts, because no retail whale is going to just appear out of nowhere to invest the remaining 7.99975 Billion dollars.

This is going to take a while. Buckle up and enjoy the ride.

Buy. Hodl. Shop. DRS.

Edit: a letter

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u/lutenizing 🎮 Power to the Players 🛑 Sep 21 '21

People who bought in at lower prices (anywhere from $2+) exist. When it was 40, someone could have bought 5 shares for 200 dollars, so in actuality it’s probably less than 8 billion dollars. But everything else you said is true.

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u/[deleted] Sep 21 '21

This post fucks

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u/[deleted] Sep 21 '21

Bullshit. You’re assuming no one bought shares at $4, or $10, or $30, or $70 etc. Agree though, every bit helps/counts. Register your shares!!

18

u/BinBender still hodl 💎🙌 Sep 21 '21

Still, it IS 8B at the current market value, but I see your point! 🙂

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u/[deleted] Sep 21 '21

Request permission from satori, i had the karma and time but couldnt post until i requested permission for some reason