GME - GameStop Stock Falls 39% After Roaring Kitty Livestream Disappoints: 'He Had 3Yrs To Prepare' 'Hard To Think Of A Catalyst To Drive Back Up After This' | Benzinga
A highly anticipated return of Roaring Kitty, aka Keith Gill, on YouTube saw over 600,000 live viewers tune in to a livestream.
While many were looking for an updated thesis on why Gill is investing heavily in GameStop Corp (NYSE:GME) once again, several investors were left with more questions after the stream.
Reactions to Roaring Kitty's Livestream: A livestream that saw Gill say that he was heavily invested in GameStop due to many of the same reasons as he invested in 2021 and for having a strong belief in CEO Ryan Cohen left some investors unsatisfied.
The livestream also came after GameStop announced first-quarter financial results and filed for an at-the-market offering to sell up to 75 million shares.
"GameStop pre reports crap earnings and plans to sell 75 million more shares for billions more. Is Kitty in with Cohen to pump and dump GameStop? It seems very shady this whole thing…beware," Investment Advisor Ross Gerber tweeted.
Gerber said people need to realize that they are getting "worked over" by GameStop and Cohen.
"This pump has allowed to dump 120 mil shares on the public. No question they wouldn't have been able to do this without the Kitty."
Gerber criticized the stream and said he couldn't watch for more than five minutes.
" isn't worth more than the cash on the books. He's in on it."
Gerber told his followers ...