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Roaring Kitty is now the 4th largest holder of GME stock.

Posted on 6/15/24 at 2:02 pm
Posted by Jumpin Jack Flash
Member since Jun 2024
24 posts
Posted on 6/15/24 at 2:02 pm
Dude turned 54k & a Reddit Account into nearly half a Billion Dollars in less than 5 years.

Amazing.

Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 6/15/24 at 2:07 pm to
Board seat in his future?
Posted by Jumpin Jack Flash
Member since Jun 2024
24 posts
Posted on 6/15/24 at 2:20 pm to

quote:

Board seat in his future?


Why not ?
He literally saved this Company.
GME makes Billions selling their stock every time RK makes it pop.
Now they have enough money to turn into a viable company/investment.

Yet Wall Street & The SEC portray him as a Villain,
Posted by Diseasefreeforall
Member since Oct 2012
7184 posts
Posted on 6/15/24 at 2:21 pm to
quote:

Board seat in his future?


Monday is the annual shareholders meeting and take your cat to work day.
Posted by molsusports
Member since Jul 2004
37079 posts
Posted on 6/15/24 at 2:45 pm to
quote:

Wall Street & The SEC portray him as a Villain,


Which seems like just team sport. Stock picking and promotion has been a norm of public behavior for everyone from Jim Cramer to Bloomberg. The Ackman types are going without scrutiny while the inside players gripe about RK
Posted by thelawnwranglers
Member since Sep 2007
41998 posts
Posted on 6/15/24 at 5:18 pm to
Where did he get that kind of money
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 6/15/24 at 5:35 pm to
Sold a portion of his options and bought 4M shares.
Posted by thelawnwranglers
Member since Sep 2007
41998 posts
Posted on 6/15/24 at 6:13 pm to
quote:

Sold a portion of his options and bought 4M shares.


Guess I am having trouble seeing how it got to there
Posted by j1897
Member since Nov 2011
4292 posts
Posted on 6/15/24 at 7:59 pm to
quote:

Now they have enough money to turn into a viable company/investment.


They don't, there's nothing viable there.
Posted by Diseasefreeforall
Member since Oct 2012
7184 posts
Posted on 6/15/24 at 11:57 pm to
The craziest part about this is that apes are willingly choosing to experience the hell that is Computershare by transferring shares from their brokers to direct register and hide their shares from mythical naked shorts instead of just opting out of fully paid lending with their brokers.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 6/16/24 at 12:25 am to
Roaring Kitty will be a case study in business school the next 50 years.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51340 posts
Posted on 6/16/24 at 2:58 am to
quote:

Now they have enough money to turn into a viable company/investment.


Lol considering last time they flushed money down the toilet setting up things like crypto coins and an nft marketplace.

What makes you think they have a viable strategy to pivot the current company?

Let me guess AI
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 6/16/24 at 12:33 pm to
quote:

Roaring Kitty will be a case study in business school the next 50 years.


Of what exactly? It’s really just a case study on the power of social media.
Posted by slackster
Houston
Member since Mar 2009
91320 posts
Posted on 6/16/24 at 6:48 pm to
quote:

Dude turned 54k & a Reddit Account into nearly half a Billion Dollars in less than 5 years.


The moment he sells any he’s worth a lot less than that. Weird spot.
Posted by GeauxTigers123
Member since Feb 2007
3067 posts
Posted on 6/16/24 at 8:06 pm to
I would presume he is hedging his bets somehow for a potential crash?
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