• Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.

Most Over-Valued Company is History

a_unique_person said:
$15.62 biggest ever share price cratering.
Click to expand...

alfaniner said:
I suddenly have the Limbo Rock going through my head. "How looowww can you gooooooo?"
Click to expand...

The Atheist said:
Dropping a buck a day, it'll be gone by the end of the month.
Click to expand...
It traded as low as $14.83 around 9:45AM this morning. At noon it rebounded some. But still under $15 @ share. $14.92. This is an awful stock that is totally dependent on Trump winning. Nate Silver a couple of weeks ago before the debate was predicting an electoral Trump landslide. That was the last time the stock increased in price very much.

Then the debate happened.
 
Fast Eddie B said:
For whatever reason, my level of schadenfreude is off the charts with DJT’s struggles.
Click to expand...

I'd like to say I feel sorry for the investors, but I don't.

I'm 100 percent convinced that this was as much a money laundering scheme as anything else. Just like the stupid trading cards. What kind of idiot buys that crap? It has no value and yet was sold at hundreds of dollars per card?
 
acbytesla said:
Didn't.

$14.73 $14.63 now.
Click to expand...

Yep, and I don't expect it to get back over $15 any time soon.

Fairly high volumes today - some suckers are definitely thinking there's value in the $14 range. If they're stupid enough to support Trump, they're stupid enough to think that.

Tomorrow: $13.
 
Looks like all the original investors in the SPAC will be unlocked by the end of the day. And, of course, Trump.

If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.

However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

https://finance.yahoo.com/news/trump-media-shares-face-potential-183934219.html
Trump Media insiders could sell their shares as early as after the bell on Thursday if the stock ends the regular trading session at or above $12, according to a provision in the company's prospectus.
Click to expand...

*While they are called "insiders" in the article, statutory insiders are one or more of these:

1. 10% or more owners.
2. Corporate Directors.
3. Corporate Executive Officers (CEO, CFO, etc)
 
Last edited:
a_unique_person said:
$15.62 biggest ever share price cratering.
Click to expand...

marting said:
Looks like all the original investors in the SPAC will be unlocked by the end of the day. And, of course, Trump.

If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.

However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

https://finance.yahoo.com/news/trump-media-shares-face-potential-183934219.html

*While they are called "insiders" in the article, statutory insiders are one or more of these:

1. 10% or more owners.
2. Corporate Directors.
3. Corporate Executive Officers (CEO, CFO, etc)
Click to expand...

My bet is that Truth Social cofounders Andy Litinsky and Wes Moss will be selling their 8% almost immediately on Thursday. Those two basically did a lot of the work to create Truth Social and came up with the idea. Trump repaid them by trying to screw them out of their shares by diluting their stock to almost nothing. The Deleware court ruled in their favor so they get their full 8%. And those two are a couple of nobodies. Anything they get out of this will be a windfall.
 
acbytesla said:
My bet is that Truth Social cofounders Andy Litinsky and Wes Moss will be selling their 8% almost immediately on Thursday. Those two basically did a lot of the work to create Truth Social and came up with the idea. Trump repaid them by trying to screw them out of their shares by diluting their stock to almost nothing. The Deleware court ruled in their favor so they get their full 8%. And those two are a couple of nobodies. Anything they get out of this will be a windfall.
Click to expand...

yup
 
marting said:
If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.
Click to expand...

No question at all. He's the greatest, most genius businessman ever - why would he sell? They'll pass Berkshire Hathaway in value per share.

marting said:
However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.
Click to expand...

It'll be a bloodbath if they do. After-market trades are now at $14-10, and while yesterday's turnover was high for TM shares, it was still only a lousy $7M, so even dumping a paltry million shares would tank them to single figures.
 
marting said:
However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.
Click to expand...

The Atheist said:
No question at all. He's the greatest, most genius businessman ever - why would he sell? They'll pass Berkshire Hathaway in value per share.

It'll be a bloodbath if they do. After-market trades are now at $14-10, and while yesterday's turnover was high for TM shares, it was still only a lousy $7M, so even dumping a paltry million shares would tank them to single figures.
Click to expand...

It's a damned if they try and sell and damned if they don't situation. The stock fell 92 cents or almost 6 percent in a single day on only 7 million dollars of trades. That means there aren't many buyers out there.

I must take back my earlier post. This has turned into a game of chicken. Andy Litinsky and Wes Moss have 8% (or 235 million dollars worth of stock at today's closing price.) While they and other insiders probably want to dump their shares immediately. But anyone. attempting to sell more than a small number of shares will tank the stock.

If 7 million dollars of stock trades cause the share price to tumble almost 6 percent, what affect does 28 million dollars of stock being offered for sale have? And that is 1 percent of market cap. Trump controls more than half of that market cap. But how does he stop other insiders from selling?
 
Last edited:
acbytesla said:
If 7 million dollars of stock trades cause the share price to tumble almost 6 percent, what affect does 28 million dollars of stock being offered for sale have? And that is 1 percent of market cap. Trump controls more than half of that market cap. But how does he stop other insiders from selling?
Click to expand...

Trump tried. He sued the large insiders to prevent expiration of the lockup. Trump lost. Gotta love it.
 
marting said:
Trump tried. He sued the large insiders to prevent expiration of the lockup. Trump lost. Gotta love it.
Click to expand...

If we count after hour trades, the stock fell 9 percent today. It will be interesting to see what the opening price will be tomorrow.
 
Stock closed at $13.55 today. Down 7.82 percent from yesterday's close.
 
acbytesla said:
Stock closed at $13.55 today. Down 7.82 percent from yesterday's close.
Click to expand...

:dl:

Down 20% this week.

This is the funniest thing ever - financial genius Trump is costing his fans plenty.

If it doesn't scream past $10 next week I'll be very surprised.
 
You must log in or register to reply here.

Back
Top Bottom