Roaring Kitty to join GameStop board? He doubles his GameStop holdings

The allegations that Keith Gill, who managed to raise GameStop shares again after returning to social media in May, as he did 3 years ago, will be included in GameStop’s board of directors caused a record demand for the company’s annual shareholder meeting to be held online. The meeting could not be held as the system crashed. On the other hand, Gill made a new post on Reddit.

Roaring Kitty to join GameStop board? He doubles his GameStop holdings

Video game company GameStop had to postpone its annual shareholder meeting due to excessive demand. Thousands of investors, buyers of GME, which is now referred to as a “meme stock”, crashed the system while trying to go live and shareholders were again unable to enter the system.

The claim that he will enter the board of directors…

GameStop’s decision to add 5 people to its board of directors for the next year has led thousands of shareholders to think that Keith Gill will be one of them. This rumor, which suddenly grew especially on social media, caused an increase in interest in the shareholder meeting. According to reports in the US media, tens of thousands of people wanted to tune in.

The number of shares reached 9 million

On the other hand, Roaring Kitty sold its forward positions in GME shares and made spot purchases. The number of shares increased from 5 million to 9 million, while cash on hand decreased from $29 million to $6.3 million. The $82 million, $20 call options are no longer outstanding. With a total GME value of $262 million, Gill’s holdings totaled $586 million just last week.

Shares closed yesterday up 14% despite all the turmoil. GME shares are trading at $29.

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