hurtinbuckaroo
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His share is worth $3 billion when and if someone offers to buy it for $3 billion. Let’s see what the shares trade for when people have to pay real money for them.
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Trump tried to defraud his truth social business partners
- Thread starter Axulus
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While this deal makes no sense it simply means more assets for his creditors to seize.
T.G.G. Moogly
Traditional Atheist
I'd wager he's planning a repeat of his casino theft. He walked away with big bucks and left his "investors" holding an empty sack. Fools...money...
T.G.G. Moogly
Traditional Atheist
Any person of normal intelligence knows that "Truth" Social is really "Trump" social. The only reason anyone participates there is to stay in touch with Orange ManBoy. It's the same as subscribing to a porn site. Do people frequent porn sites to learn anything? Okay, maybe if you've never been to a porn site your curiosity might be piqued by what you've heard so you go check things out. If you decide to stay and actually become a regular user it's because you enjoy what's there. If you don't enjoy Orange ManBoy you're not going to hang around.
hurtinbuckaroo
Contributor
Not sure how this relates to my comment that you quoted.
Jimmy Higgins
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From what I've read, he could cash out early, if they allow him to. But who is "they"? Who allows the rules to be changed? Doesn't he have a majority of shares in the first place? Who's the board?
A little humor, google "DJT stock" and you get the Dow Jones Transportation Average.
A little humor, google "DJT stock" and you get the Dow Jones Transportation Average.
Jimmy Higgins
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The one thing I was thinking about was Volume. Looking at the stock, share volume is around a million a day. The trade numbers are similar to that of Gamestop, a stock that at one was a meme stock. Google trades 10 to 20 times more than DWAC has.
Which makes me wonder. How long would it take to sell his shares, as someone needs to actually buy them. Again, this is where the fraud likely exists. But it seems unlikely that a company whose only asset is cash on hand (~$300 million alledgedly), and somehow manages to lose around $25 million a year on interest payments (WTF is that about?!), can entice some other people to buy shares at the existing premium. Making one wonder, how much of his shares are effectively locked in place and unsellable (without a prearranged deal)?
He'd need to sell over 13 million shares, just to get the cash to fund a bond.
Which makes me wonder. How long would it take to sell his shares, as someone needs to actually buy them. Again, this is where the fraud likely exists. But it seems unlikely that a company whose only asset is cash on hand (~$300 million alledgedly), and somehow manages to lose around $25 million a year on interest payments (WTF is that about?!), can entice some other people to buy shares at the existing premium. Making one wonder, how much of his shares are effectively locked in place and unsellable (without a prearranged deal)?
He'd need to sell over 13 million shares, just to get the cash to fund a bond.
hurtinbuckaroo
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Where are you getting volume data for a stock that isn’t publicly traded yet?
Jimmy Higgins
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What is publicly traded today is the SPAC (money bags) that will fund/is funding Truth Social. It trades at about $42. Its stock symbol is DWAC.
Trump Media & Technology Group is the company that runs Truth Social. Devin Nunes is the CEO. It is referred to as TMTG but is not a publicly traded company.
DJT is a stock symbol I believe Trump holds but is not an actual stock yet. It is expected to be when DWAC merges with TMTG.
Trump Media & Technology Group is the company that runs Truth Social. Devin Nunes is the CEO. It is referred to as TMTG but is not a publicly traded company.
DJT is a stock symbol I believe Trump holds but is not an actual stock yet. It is expected to be when DWAC merges with TMTG.
hurtinbuckaroo
Contributor
I thought you might be talking about DWAC, but their recent average volume has been significantly more than 1 million.
Jimmy Higgins
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The shares are up nearly 25% today. WTF?! How does a business failure keep getting this lucky?!
Jimmy Higgins
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Meanwhile, Appeals Court lowers cost to $175 million and gives Trump 10 more days. Wondering if Trump can manage that one. Certainly more possible. Though he does have the $100ish million in the appeal that he will lose.
One funny thing I saw on Electoral-Vote was Willis seizing the shares and control of Truth Social.
One funny thing I saw on Electoral-Vote was Willis seizing the shares and control of Truth Social.
Pump and dump perhaps?
Axulus
Veteran Member
Trump is a master at fleecing his followers, who willingly give up their cash for him and his causes. They are willing to pay any price to own a piece of his business and help out their hero. Meanwhile, I'm sure he is already trying to come up with schemes to bleed them for the maximum. Probably more dilution and bond offerings so he can cash out the maximum. The business will eventually die from lack of capital, profits and crushing debt, but his devotees will keep it going on life support for a number of years. Also, I suspect the stock price will vary wildly based on whether he wins or loses the election. If he wins you can bet the shares will have a big increase.
Axulus
Veteran Member
Nope, just the gullible willingly letting themselves get fleeced along with speculative gamblers trying to make profitable short term trades. The shares have been highly volitile ever since it was announced they were planning to merge with Trump's company. A change of 25% in the value of the shares happens quite often.
Elixir
Made in America
It was down over 13% on friday. C'est la vie.
Axulus
Veteran Member
The valuation is based on the current price of DWAC shares. One share of DWAC divided by the percentage ownership of the post-merger company one share will provide gives the total value of the company. Trump's portion of that value is equal to his post-merger percentage ownership of the entity. So in some sense people are already paying real money for them.
Jimmy Higgins
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Trump’s Unbearable Temptation to Dump His Truth Social Stock
Would he really screw over MAGA investors to cover his gargantuan legal debts? Don’t bet against it.
newrepublic.com