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Manator.eth ๐ฉ๐๐๐
@manator
JUST IN ๐จ: Roaring Kitty, aka Keith Gill, has been sued for securities fraud over his role in promoting GameStop (GME)โผ๏ธ
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thugkitten ๐ฉ ๐
@thugkitten.eth
If they go after roaring kitty, doesn't it mean they have the case to go after all SPAC promoters which were also all pump and dump schemes
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Thomas
@aviationdoctor.eth
Thereโs no โtheyโ โ this is an individual retail shareholder suing (and potentially others like him joining the class action). Anybody can sue anybody else Itโs not the SEC suing
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thugkitten ๐ฉ ๐
@thugkitten.eth
I see, I didn't watch the roaring kitty's stuff in detail, it may likely come down to intent of his X posts and spaces, but what I understood is he was fairly transparent about his whole MO ๐, if there is a case on this, no one can post anything anymore.
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Thomas
@aviationdoctor.eth
Again, anybody can sue anybody else, for any reason. This is a nothing burger. Apparently the person suing holds very few shares and actually made a tiny profit. Some people will sue for publicity, or because they think thereโs money to be made, including by settling before it even reaches the court. I suspect this is whatโs happening here
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thugkitten ๐ฉ ๐
@thugkitten.eth
Lol this is just quite amazing from a non US perspective.
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