Author: u/rensole
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Good morning San Diago,
I am Rensole,
Do you smell that?
insert flashy intro card
They are using trucks now!
So yesterday I saw this was getting a lot of traction:
https://www.reddit.com/r/GME/comments/mvmtpy/looks_like_shitadel_is_hard_at_work/
OMG NOES.
Seriously guys relax, this is normal.
In Europe you have to dispose of materials which have confidential information (clientās names, addresses and or other stuff), then you need to shred it and dispose of it with a correct method and show this to the oversight committee that you disposed of it properly, you canāt just throw it in a dumpster and be done with it.
As an example, in the EU you need to keep your (accounting) books for 5 years minimum, then after that you need to dispose of it, so you call a professional company to dispose of it.
Even though we would all love this to be proof of illegal activity, itās not itās more ābusiness as usual then anything else.
gdpr
Some things about the sub
Iāve seen a continuing trend emerge, people wanting to get the drones up and check what theyāre doing 24/7, cherry-picking data etc.
Drones;
As for the drones Iāll be easy, you want to take pictures from street level because you notice something fine be my guest, but flying a drone and shoot video inside offices its where we have to draw a line. Because you may believe this is innocent but I think itās (at minimum) ethically questioning.
So from now on, you post a drone video you will receive a temp ban, continued breaking will result in perma ban.
Also something else thatās REALLY bad imo is this:
https://www.reddit.com/r/GME/comments/mi8yi7/everything_short_author_uatobitt_explains_how_the/
Shit like this wont be allowed here anymore either, like holy shit do you guys really not see how this comes across ? the weapons aimed at his head is a step to far, honestly itās 10 steps to far, imagine people from the outside seeing this and itās easy to write this entire sub off.
Because putting guns to peoples heads (even in drawings) can be seen as death threats, and that is NOT what this is about WE are all here because WE LIKE THE STOCK.
Meming is one thing but this goes to far imo, if we want to be taken seriously we should act as a serious sub.
Cherry picking;
something I have a huge personal problem with is looking at an entire datasheet and people take only parts of it to build their thesis. You either use it in full or you donāt use it, itās like saying all cars have 700 HP because I only used supercars in my control group, it just does not work.
We have fought against other people thinking we are idiots, or a cult or whatever, the only way we can break those ideas and get taken seriously, is that we act as serious as normal investors. sure you can have memes you can have a laugh but realise that we want to be taken seriously we need to act accordingly.
So letās go and keep the tinfoil hatting at a minimum from now on, and start doing serious thought out DD. there is a reason WSB lived as long as it does so letās drop the tinfoil and research more. I hope you guys can agree with that.
Other subs;
A lot of (new) posters are trying to stir shit up, saying other people are shills at the drop of a hat, same goes for other subs so let me be extremely clear about this.
We like the other subs, I like WSB/GME/DDintoGME etc, you may not agree with how they run their subs and thatās a personal thing, but do note that if we see hurtful comments made against other subs/mods of those subs we will take action, as we are one community and we should not allow shit flinging.
Again if you have an issue, lets deal with it as adults, no emotion but facts.
The man with the plan
The US Senate Confirms Gensler as the SEC Chief to a full five year term
https://thehill.com/policy/finance/549312-senate-confirms-sec-chief-gensler-to-full-five-year-term
Glad to hear heās got the full 5 year appointment as imo wall street is a big machine with big parts who donāt want to move or change, but giving him another 5 years means he can at least get some things moving and hopefully change it for the better.
And by the looks of it it seems he hit the ground running
The Sec said to examine fund disclosure rules after archegos, taken from bloomberg tv breaking news.
Gamestop has announced another Amazon veteran to head the fulfillment stuff, glad to have you onboard Josh!
DTC-2021-007
Great write up on what the DTC 007 rule could mean. it would be effective on July 9th.
DTCC-2021-005
Now this is a little bit of a hot topic, the rule was suddenly removed on the 12th this month, I remember someone contacting someone up high about this, the rule was removed due to a āfilingā error, there was something wrong with how the document was set up, but it should get back on the website soon, that has now been close to two weeks.
Now Iām addressing it because Iāve seen a lot of people post about it (or it just caught my eye more), it could very well be that it was a clerical error and it needs to be readded so we just have to wait and see.
EXCELLENT!
Be friendly, help others!
as always we are here from all different walks of life and all different countries.
This doesnāt matter as we are all apes in here, and apes are friends.
Doesnāt matter if youāre a silverback a chimp or a bonobo.
We help each other, we care for each other.
Ape donāt fight ape, apes help other apes
this helps us weed out the shills really fast, as if everyone is helpful, the ones who arenāt stand out.
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
We donāt care, just be nice and lets make this community as Excellent as we can!
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if youāre dating and you wanna get to first base.
Remember none of this is financial advice, Iām so retarded Iām not allowed to go to the zoo ācause theyāll put me in the cage with the rest of my ape brothers.
If anything happens throughout the day I will be adding it here.
backups:
https://twitter.com/HeyItsPixel1
https://twitter.com/warden_elite
https://twitter.com/RedChessQueen99
https://twitter.com/PinkCatsOnAcid
And Iāll be posting updates as they happen here:
Edit:
15c3-3
As of April 22, 2021, broker-dealers will be required to bring themselves into compliance margin requirements. Rule 15C3-3 established the requirement to keep enough cash and securities in a segregated account that will cover a portion of the costs of a major market move. This one goes into effect as of today
https://www.sec.gov/news/public-statement/staff-fully-paid-lending
https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf