• Security incident: ISF was recently accessed by intruders. Please change your password, and change it anywhere else you used it. Read more

Trump and money

acbytesla said:
Trump is now pumping Truth Social. Something that is highly illegal.

When you're a 60 percent owner in a public stock, the rules are very different. Trump has a fiduciary duty to anyone who might buy the stock to be totally forthcoming.
Click to expand...

Pimping or pumping, and if the latter, what is pumping?
 
Orphia Nay said:
Pimping or pumping, and if the latter, what is pumping?
Click to expand...

Kind of the same thing. Ever hear the expression Pump and Dump? As a stockholder, Trump has no business selling or marketing his own stock to the public. By presenting an overly rosey view of a failing public company, he is setting up potential investors for unfair losses.
 
acbytesla said:
Kind of the same thing. Ever hear the expression Pump and Dump? As a stockholder, Trump has no business selling or marketing his own stock to the public. By presenting an overly rosey view of a failing public company, he is setting up potential investors for unfair losses.
Click to expand...

[Trump mode]

Sucks to be them! I'm too smart!

[/Trump mode]
 
Here's the full dumps of Trump's pumps to the chumps:

All of the competitors to TRUTH SOCIAL, especially those in the Radical Left Democrats Party who are failing at every level, like to use their vaunted “disinformation machine” to try and convince people, and it is not easy to do, that TRUTH is not such a big deal and doesn’t “get the word out” as well as various others, which they know to be false. I THINK TRUTH IS AMAZING! First of all, it is very solid, having over $200,000,000 in CASH and ZERO DEBT. More importantly, it is the primary way I get the word out and, for better or worse, people want to hear what I have to say, perhaps, according to experts, more than anyone else in the World. My TV ratings are by far the highest, and my Rallies are not equaled, even close, anywhere or by anyone. Look, I had hundreds of millions of followers on various platforms, and could have them back again, but was cancelled for largely political reasons. Those platforms all want me back…They need me back! On Truth I have 7,000,000 followers……
Click to expand...

Page 2: Very good for a startup, and growing fast. But when I put out a statement or message, it is SPREAD all over the place, fast and furious. EVERYBODY SEEMS TO GET WHATEVER I HAVE TO SAY, AND QUICKLY. At press conferences I will sometimes ask, “who is on TRUTH.” I have never had one reporter tell me they are not. They are all on TRUTH because the have to be. So don’t believe the FAKE NEWS. Until I came along and exposed them, they were respected and believed. Now they are the exact opposite. With the Russia, Russia, Russia HOAX. and all of the others, people get it. Look, using TRUTH, I became the Republican Nominee for President of the United States, and in record time! When I ENDORSE a politician on TRUTH, they almost ALWAYS WIN. If it didn’t work, or properly get the word out, I wouldn’t use it - But it does work, and work really well - And the fun is just getting started!!!
Click to expand...

For the most part he's only saying Truth Social is functional, but the two highlighted look like extremely context-sensitive 'truths'.
 
Shrinker said:
Here's the full dumps of Trump's pumps to the chumps:

"good for a startup, and growing fast"
For the most part he's only saying Truth Social is functional, but the two highlighted look like extremely context-sensitive 'truths'.
Click to expand...

Actually, both of these statements could be considered false. They also contradict what Truth Social's own comptroller said in the mandatory SEC filing. The number of monthly visitors has been falling and is close to failing.
 
acbytesla said:
Actually, both of these statements could be considered false. They also contradict what Truth Social's own comptroller said in the mandatory SEC filing. The number of monthly visitors has been falling and is close to failing.
Click to expand...
So what happens to its stock when it ceases to be a going concern? Do investors simply lose their money?
 
Norman Alexander said:
So what happens to its stock when it ceases to be a going concern? Do investors simply lose their money?
Click to expand...

As always, the stock is worth whatever someone else is willing to pay for it.

In the case of a mainstream stock in a mature market segment this is usually dependent on the underlying performance of the business. In that case, a business with no turnover will have a value of, or close to zero and shareholders lose all their money.

Truth Social and Trump Media are, IMO, different. They're a corporate shell game whose value is almost entirely dependent on investor sentiment. There may be enough Trump supporters and/or foreign operators to keep the stock price high.
 
The Don said:
As always, the stock is worth whatever someone else is willing to pay for it.

In the case of a mainstream stock in a mature market segment this is usually dependent on the underlying performance of the business. In that case, a business with no turnover will have a value of, or close to zero and shareholders lose all their money.

Truth Social and Trump Media are, IMO, different. They're a corporate shell game whose value is almost entirely dependent on investor sentiment. There may be enough Trump supporters and/or foreign operators to keep the stock price high.
Click to expand...
I understand meme stock. But if Trothe Sential actually ceases to operate, it would appear that its stock cannot be traded at all, meme stock or not. Otherwise the stock market would be allowing trade of stock and profit-taking in a non-existant entity. If they do allow that, I think I would be able to sell the Brooklyn Bridge from here many times over.
 
Norman Alexander said:
I understand meme stock. But if Trothe Sential actually ceases to operate, it would appear that its stock cannot be traded at all, meme stock or not. Otherwise the stock market would be allowing trade of stock and profit-taking in a non-existant entity. If they do allow that, I think I would be able to sell the Brooklyn Bridge from here many times over.
Click to expand...

Truth Central is the largest part of Trump Media but it doesn't have to be the only part. Even if it shuts down there may still be assets associated with it (the name may have some value) which have residual value and/or other businesses entities.

If the company is wound up to enable creditors to get their money then that's a different matter but AIUI there's no reason to de-list it just because it's not doing much (or any) business.
 
the weird thing about this pump and dump is trump can’t sell his shares until like october. i don’t think it makes it that long.
 
The Don said:
Truth Central is the largest part of Trump Media but it doesn't have to be the only part. Even if it shuts down there may still be assets associated with it (the name may have some value) which have residual value and/or other businesses entities.

If the company is wound up to enable creditors to get their money then that's a different matter but AIUI there's no reason to de-list it just because it's not doing much (or any) business.
Click to expand...

That suggests that Trump, or indeed anyone, can trade stock in $2 shell companies if they like. It would seem to be the ultimate con - money for nothing.
 
dirtywick said:
the weird thing about this pump and dump is trump can’t sell his shares until like october. i don’t think it makes it that long.
Click to expand...
Unless he gets permission, which, given that the people who are going to give him that are mostly made up of his sycophants, isn't that far fetched.

If he has loans with security in the value of the shares, presumably it's in his interest to keep the value of those shares pretty high.
 
Norman Alexander said:
That suggests that Trump, or indeed anyone, can trade stock in $2 shell companies if they like. It would seem to be the ultimate con - money for nothing.
Click to expand...

Yes. AIUI the key barriers are persuading a stock market to list it (the reason why Trump Media isn't listed on the NYSE is that they can't meet the rules) and finding organisations to underwrite the Initial Public Offering (IPO).

Pump and dump is a well known tactic with "penny stocks".
 
Just about everything involving Trump Media is a typical Trumpian scam. Not only is Trump pumping the stock, he is insisting that any stockholder suits take place in Argentina.


Now trading at $36.22 a share. Down 38 percent in a week.
 
Trump is freeloading on the awareness of Judges and Prosecutors that Bad Precedence makes for Bad Law -
Yes, Trump needs to lose his wealth and freedom, but unless everything is done by the book, the Precedence of beggaring and imprisoning a political rival will be used in the future on non -career ceiminals.
 
The Great Zaganza said:
Trump is freeloading on the awareness of Judges and Prosecutors that Bad Precedence makes for Bad Law -
Yes, Trump needs to lose his wealth and freedom, but unless everything is done by the book, the Precedence of beggaring and imprisoning a political rival will be used in the future on non -career ceiminals.
Click to expand...

Let's quit suggesting that Trump would be imprisoned because he's a political rival. Trump continues to flagrantly break the law and get away with it.
 
You must log in or register to reply here.

Share this page

ISF - Join now!

Every member here is approved by hand. No bots, no spam, just people who care about evidence and honest debate.

Membership is free!

Create your free account

Back
Top Bottom