Current Events > Gamers TURN on ROARING KITTY and is SUING him after losing MILLIONS on GAMESTOP!

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34 y/o Keith Patrick Gill, aka Roaring Kitty of Youtube is being sued in a class action lawsuit by furious gamer investors from reddit who say they suffered HUGE LOSSES after piling into the frenzy over the Gamestop stock which he still maintains will go in a TURNAROUND!!

He is accused of hiding his sophisticated financial training and duping small traders into buying inflated stocks during the "meme stock" bubble

It comes just as he is about to testify on Thursday in congress about the so called "reddit rally" which saw him make more than 13 million in profits

He bought large positions in Gamestop shares more than a year ago and preacheda bout the opportunity to "squeeze" hedge funds that bet massively against it

In his prepared speech, he defiantly defended his support of Gamestop and said "Gamestop stock price may have gotten a bit ahead of itself last month but i'ma s bullish as i've ever been on a potential turnaround. In short, i like the stock. Gamestop is a gaming company that will be around for a very long time. I believed and continue to believe that Gamestop has the potential to reinvent itself as the ultimate destination for gamers within the thriving 200 billion gaming industry"

He's a registered securitis broker in Massachusetts who goes by Roaring Kitty on Youtube and DeepF***ingValue and was one of the key people who argued online that gamestop was undervalued

It traded as low as 4 dollars last summer and soared to 483 in late January which saw billionaires squeezed out before it burst back to earth closing at 45.94 on Wednesday and thousands of small investors who bet the stock to remain high have lost MILLIONS themselvs

Gill believes Gamestop is dramatically undervalued and that the impending doom was simply wrong

He said "My investment skills had reached a level where i felt sharing them publicly could help others"

He said the market is underestimating Gamesto's growth prospects and overestimating the likelihood the company will go bankrupt but said his Youtube channel was for educational purposes only and didn't expect an army of his followers to pump up the price as they did

Gill says "Whether other individual investors bought the stock was irrelevant to my thesis. My focus was on the fundamentals of the business"

Christian Lovin, a Washington state gamer was one of the ones who bought gamestock options and is suing Gill as well as Mutual Life Insurance and its subsidaries that employes him and says they were obligated to supervise his activities

The class action lawsuit seeks to represent investors who lost money on betting against the stock before the rally or buying it at inflated prices

The gamestop surge broght both democrats and republicans together on Robinhood's decisoin to suspend trading as Tenev, the company owner will also testify that the halting was solely due to the need of regulatory capitol requirements

Do you agree with Roaring Kitty that Gamestop is about to blow people's minds and is in for a turnaround?

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Still claiming to be in England?
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Yep, thats a dude from New England lol


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I cant believe this idiot is so much smarter than me. Thats what really hurts.

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The plaintiff in the lawsuit is a seller representing investors

LMFAO

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