Trump tried to defraud his truth social business partners

[Jimmy Higgins]

DJT announces they gonna be streaming!

According to a press release, Trump Media — the parent company of Donald Trump's social media platform Truth Social — will launch the live streaming service on phones, tablets, and TV through the Truth Social app.

"The streaming content is expected to focus on live TV including news networks, religious channels, family-friendly content including films and documentaries; and other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services," according to the release.

Sounds like PlutoTV for alt-right'ers.

However, this does give me hopes that Firefly is coming back!

So what is this going to look like?

TMTG plans to roll out its streaming content in three phases:

• Phase 1: Introduce Truth Social’s CDN for streaming live TV to the Truth Social app for Android, iOS, and Web.
• Phase 2: Release stand-alone Truth Social over-the-top (“OTT”) streaming apps for phones, tablets, and other devices.
• Phase 3: Release Truth Social streaming apps for home TV.

So it'll start through their boutique social media site. Then they'll launch apps, then they'll put it in Rokus and Firesticks.

“We’re excited to move forward with the next big phase for Truth Social,” said TMTG CEO Devin Nunes. “With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services. There is a lot of great content that simply can’t find an audience for unjust reasons, and we want to let these creators know they’ll soon have a guaranteed platform where they won’t be cancelled.”

So they'll have OAN (is that still a thing?) and Newsmax. They couldn't afford Fox News, I'd presume.

The press release is rather short... and even shorter on details. Clearly they see the stock spiraling the drain and they rush this out.

 

[Patooka]

Must...resist...making pee tape joke with regards to Trump's streaming service...

 

[Jimmy Higgins]

Typically there is bargain hunting done with stocks that have dropped as such, but with no fundamentals to back it, and a hastily put together claim that streaming will be the next step which would require more money and you know, actual content, there is little reason for this dog to recover. Granted, Trump is Trump. But this would be a faster than average failure for him.

 

[Elixir]

there is little reason for this dog to recover.

… unless some billionaires want to “give” Trump a billion or few without appearing to have done so.

 

[Jimmy Higgins]

Trump shares rebound for second consecutive day. I don't know if this is people trying to keep it buoyant, or people buying based on trends and DJT is "on sale".

 

[ZiprHead]

Trump stock tanks after announcing massive share sale

New YorkCNN —
Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with more shares: The addition of 21.5 million shares for sale announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump. And it means that millions of shares could be sold off.

This filing seeks to register all shares related to the merger that took Trump Media public, including those that are tied to warrants. Warrants give the holder the right to buy shares of a company’s stock at a set price

 

[Elixir]

I never understood the logic of having any deals with Trump. Is that you hope that the criminal he is, he would make some money for you too? Maybe on the grand scheme of things Trump is not that more criminal than the rest of these people?
It's just is more visible than with others.

Making money in most business partnerships depend upon the success of the business. Making money in a Trump partnership depends on skimming as much as possible off the initial investment and getting out before it crashes.

The expressions on Trump's (and Melanoma's) faces when he actually won the Presidency tell the whole story - Winning was never part of the plan. Like all Trump schemes, the idea was to milk a bunch of marks, lose, and bow out gracefully with bulging pockets.

The parallells with Springtime for Hitler are legion, and the jokes practically write themselves.

“Bow out gracefully”. Haha… it was clear he was going to bitch and moan about the election being rigged just like he did in 2020. Then he could continue to grift off all his supporters just as he is doing now.

Fair enough. He was more likely to bow out gracelessly in a way that would help him continue to scam everyone.

Doesn't change my central point. He planned to lose. Winning has fucked him over massively, and he is still trying to find a way to recover from that unexpected disaster.

Winning is something with which he lacks experience.

He planned to lose. But then once he won and got a whiff of the US Treasury, all that not wanting to win stuff was history.

 

[lpetrich]

That's the sort of thing that makes me think of corporate stock as adult Pokemon cards.

 

[Jimmy Higgins]

Trump stock tanks after announcing massive share sale

New YorkCNN —
Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with more shares: The addition of 21.5 million shares for sale announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump. And it means that millions of shares could be sold off.

This filing seeks to register all shares related to the merger that took Trump Media public, including those that are tied to warrants. Warrants give the holder the right to buy shares of a company’s stock at a set price

Tanked. It is rebounding right now. ?!?

The board is trying to convince people to hide their shares in a way to prevent shorting of the stock.

 

[Elixir]

Yeah - that’s gonna work!

 

[Jimmy Higgins]

A fair warning, your eyes might pop out of their sockets if you continue reading this post.

link

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.

Trump Media, which owns the Truth Social app, closed trading Monday at $35.50 per share, down 2.42%, and about half the price that the DJT ticker began public trading at in late March.

But that closing price is still twice the $17.50 benchmark minimum share price that Trump Media has to hit by the close of trading Tuesday for the former president to become eligible for the extra so-called earnout shares.

*eye balls pop out* How is any of this legal?!

So, this puts the 'don't let them short the shares' thing into perspective. The shares of this worthless company were down to $22 last week (much more than the company is worth). If they went below $17.50, he'd have lost his WTF is this bonus.

The 36 million additional shares Trump seems set to get would be added to the 78.75 million shares he already owns, as the company’s majority shareholder.

This is in addition to the shares they wanted to dump as well in their SEC filing. They are dumping shares out there like it is Planet Express stock.

 

[Ford]

A fair warning, your eyes might pop out of their sockets if you continue reading this post.

link

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.

Trump Media, which owns the Truth Social app, closed trading Monday at $35.50 per share, down 2.42%, and about half the price that the DJT ticker began public trading at in late March.

But that closing price is still twice the $17.50 benchmark minimum share price that Trump Media has to hit by the close of trading Tuesday for the former president to become eligible for the extra so-called earnout shares.

*eye balls pop out* How is any of this legal?!

So, this puts the 'don't let them short the shares' thing into perspective. The shares of this worthless company were down to $22 last week (much more than the company is worth). If they went below $17.50, he'd have lost his WTF is this bonus.

The 36 million additional shares Trump seems set to get would be added to the 78.75 million shares he already owns, as the company’s majority shareholder.

This is in addition to the shares they wanted to dump as well in their SEC filing. They are dumping shares out there like it is Planet Express stock.

So...and I feel a throbbing pain growing behind my eyes...they just made up 36 million "shares" out of thin air.and gave it to Fragilego Mussolini?

I need Selena Gomez to explain this to me.

 

[Elixir]

Short sellers have already lost over 158 m$ short selling DJT. It’s like GameStop except the opposite; support for GameStop came from thousands of small investors and the zillionaires were the ones shorting it. Now it’s the reverse - the support for DJT comes from a few of Trump’s (probably Russian) billionaire friends.
And, there is no underlying intent to ever see it profitable, unlike GameStop.

 

[Axulus]

A fair warning, your eyes might pop out of their sockets if you continue reading this post.

link

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.

Trump Media, which owns the Truth Social app, closed trading Monday at $35.50 per share, down 2.42%, and about half the price that the DJT ticker began public trading at in late March.

But that closing price is still twice the $17.50 benchmark minimum share price that Trump Media has to hit by the close of trading Tuesday for the former president to become eligible for the extra so-called earnout shares.

*eye balls pop out* How is any of this legal?!

So, this puts the 'don't let them short the shares' thing into perspective. The shares of this worthless company were down to $22 last week (much more than the company is worth). If they went below $17.50, he'd have lost his WTF is this bonus.

The 36 million additional shares Trump seems set to get would be added to the 78.75 million shares he already owns, as the company’s majority shareholder.

This is in addition to the shares they wanted to dump as well in their SEC filing. They are dumping shares out there like it is Planet Express stock.

It's legal because any potential shareholders were told about it in advance in the company's filings. It could be argued that this is his "bonus" for keeping the share price high, like an incentive bonus for a job well done. Whether the share price is kept high by actual good company performance or a bunch of sheeple stupidly buying the stock at inflated prices doesn't really matter, legally speaking, so long as they aren't being actively defrauded with false information in the company filings or statements made by company management.

Trump is just doing what he does best, getting idiots to willingly give him money and then squeezing them for the absolute maximum.

 

[ZiprHead]

So when it becomes a penny stock should I buy?

 

[Elixir]

Buy what?

 

[Shadowy Man]

It’s almost as if the same people who benefit from the financial laws are the ones who pay the politicians to write them.

 

[Jimmy Higgins]

A fair warning, your eyes might pop out of their sockets if you continue reading this post.

link

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price.

Trump Media, which owns the Truth Social app, closed trading Monday at $35.50 per share, down 2.42%, and about half the price that the DJT ticker began public trading at in late March.

But that closing price is still twice the $17.50 benchmark minimum share price that Trump Media has to hit by the close of trading Tuesday for the former president to become eligible for the extra so-called earnout shares.

*eye balls pop out* How is any of this legal?!

So, this puts the 'don't let them short the shares' thing into perspective. The shares of this worthless company were down to $22 last week (much more than the company is worth). If they went below $17.50, he'd have lost his WTF is this bonus.

The 36 million additional shares Trump seems set to get would be added to the 78.75 million shares he already owns, as the company’s majority shareholder.

This is in addition to the shares they wanted to dump as well in their SEC filing. They are dumping shares out there like it is Planet Express stock.

It's legal because any potential shareholders were told about it in advance in the company's filings. It could be argued that this is his "bonus" for keeping the share price high, like an incentive bonus for a job well done. Whether the share price is kept high by actual good company performance or a bunch of sheeple stupidly buying the stock at inflated prices doesn't really matter, legally speaking, so long as they aren't being actively defrauded with false information in the company filings or statements made by company management.

But this is two or so weeks after the stock came out. I'm questioning how that can be allowed to be legal. This isn't performance, it is inertia.

And how well disclosed was this if it ia juat coming out now?

Trump is just doing what he does best, getting idiots to willingly give him money and then squeezing them for the absolute maximum.

This whole stock thing is nuts. Create a fake ahell, pretend you aren't coordinating, go public, dump the shares which almost exclusively insider held. I suppose this woulfn't work for most people, but that this is legal just blows my mind. It is a massive insider trading scheme. An IPO gets settled by the market, this is well just nuts.

 

[Jimmy Higgins]

Short sellers have already lost over 158 m$ short selling DJT. It’s like GameStop except the opposite; support for GameStop came from thousands of small investors and the zillionaires were the ones shorting it. Now it’s the reverse - the support for DJT comes from a few of Trump’s (probably Russian) billionaire friends.
And, there is no underlying intent to ever see it profitable, unlike GameStop.

I'd never have shorted this stock. You can't predict how the world operates for Trump.

 

[Elixir]

I'd never have shorted this stock. You can't predict how the world operates for Trump.

I wouldn’t short it for the same reason I wouldn’t buy it; because its price is too manipulable by Cheato and his ilk.