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Most Over-Valued Company is History

but once again it’s “normal” people left holding the bag.

They're not normal in any sense of the word. They're MAGA filth and deserve every loss they're going to be stuck with.

The best part is, there are only two people they can blame - Trump or themselves, and human nature being what it is, they'll blame the fat orange slug.
 
He literally didn't have to do anything. The next lifting had been done creating the spac and getting the initial finance. Trump just gets handed about 150 million free shares.

At the top price he was sitting on 12 billion dollars. Now it's about three billion if he's can sell them all at that price. Since he owns about 60% of the stock there are going to be problems of he tries to sell most of that, grab the cash, and run.
 
well he doesn't have to sell, he will also be able to borrow against it. which is likely what he will do.

either way, he's not going to get much out of it imo, trump isn't the only one who hasn't been able to sell, and he's already tried to block the potential sale of 18M of shares that will be unlocked with him. so, it's probably going to tank that day.

https://www.forbes.com/sites/johnto...gruntled-18m-shares-join-the-great-unlocking/
 
Yep, an illegal campaign funding tool.

Here's my question: despite losing tremendous value, even after it crashes how much could Trump scrabble up in cash when he's able to sell? Is it still a meaningful amount?

It wouldn't surprise me at all Trump wrecking ten billion in other people's wealth to raise a hundred million.

So does he care?
 
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Nobody's going to buy a billion dollar parcel of them. If he puts that many up for sale, the price will crash.

Someone said this earlier, but it needs repeating.
 
well he doesn't have to sell, he will also be able to borrow against it.

I've covered that idea before and it's not true.

No bank outside Russia would lend him more than cents in the dollar on them, and I doubt even Putin is that keen to give away a couple of billion.

Even the one player with the money and wherewithal to do so - MBS - is highly unlikely to help Trump given his plan of bringing the value of oil down.
 
It will be interesting to see what will happen with the stock over the next few weeks. The lock down period is almost over.

And today the Deleware Court decided that Andrew Litinsky and Wesley Moss, former contestants on Trump’s TV show, “The Apprentice” who also helped facilitate a merger that took Trump Media public in March will not see their 8.6 percent shares of Trump media diluted to nothing. Instead they will receive the entire 8.6 percent of the shares.

And they will be able to sell their shares on September 19th like all the corporate officer stockholders.

I'm pretty sure though that Trump etc have to publicly announce any intention to sell like a day or two before they sell more than a certain number of shares.
 
All "insiders" that buy or sell must file a Form 4 by the end of the second day after the transaction. For this purpose, insiders are any of officers and directors as well as anyone holding 10% or more of the outstanding shares. This would exclude Andrew Litinsky and Wesley Moss.

The problem they all have is the lack of significant buyers. DJT is highly illiquid.
 
Unfortunately, that's not an insurmountable problem: we have seen countless examples of people being persuaded to give Trump a loan for worthless collateral.
 
One act play.

Trump Media shares: "What's that big thing we're headed towards really, really fast?"

The floor.

Down 10% today.
 
I've covered that idea before and it's not true.

No bank outside Russia would lend him more than cents in the dollar on them, and I doubt even Putin is that keen to give away a couple of billion.

Even the one player with the money and wherewithal to do so - MBS - is highly unlikely to help Trump given his plan of bringing the value of oil down.
Does this discussion about a loan have to do with funding his campaign? That would violate a core Trump principle ... never spend your own money. Especially since those funds might be needed in order to establish residence in Saudi at the level of luxury to which he is accustomed.
 
Bizarrely, TM shares are up to $19 today.

Small volume, but there are clearly more buyers than sellers. Already dropping, and I'll be interested to see how long that goes on for.
 
Bizarrely, TM shares are up to $19 today.

Small volume, but there are clearly more buyers than sellers. Already dropping, and I'll be interested to see how long that goes on for.

Trump announced he had no (current) intention of selling. Duh. And grass is green.

I've been expecting this. He's running for Pres. The PR from selling would be horrible not to mention the collapse of the stock price if he sold, well, pretty much any shares. And the value of DJT stock, to the extent it will actually have any, depends on the Donald getting elected. If he loses, DJT is toast. The only upside in terms of being able to sell any significant fraction of the shares he owns is if he wins.

As for the trading market, it's currently very expensive to borrow shares to sell short. They have an APR that's well over 20% IIRC. Should be cheaper to short once the lockup expires and opens up another 10M or so shares. Those holders (who aren't really DJT fans) might find it more profitable to lend the shares for a high APR than sell them at market which would crater the price even more.
 
And it's already lost half the gain.

Floor still well and truly in sight.

I can't wait to see what the price in come November 6 USA time.
 
Current, as in, this particular minute. If like to see the odds on him putting his shares up for sale the minute he can. Trump is not a rational human being.
Dumping the shares asap is a rational choice from his perspective. They're hugely overvalued, and Trump screwing his investors is the sort of thing that happens on days that end in Y.
 
Trump anounces on "X". So long Trump Social.


https://apnews.com/article/trump-cr...rty-election-2ffdcd21f3384f073664d5cda683c8e0




WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric.
His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign.
“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.
As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet,” raising red flags that he could use the federal government to help support a business tied to his family.
 
i would hope people involved in crypto would know a scammer when they see one by now
 
Hmmm, advertising a product I do not trust from people I do not trust on a platform I do not trust. Let me think about that...
 
Back to $17 after yesterday's wee spike - it looks like the floor is set at $17 on normal trading, and once that's breached, the next stop is $0.

Going by sales it looks to me like anything more than 1 million shares would crush the market, so Trump's 120 million of them have zero value.

I hope the clowns who bought them at $30 remember who caused their loss.
 
Yep, currently at $17.92, and it opened/launched in December at $17.08. Flee, you fools!
 
Back to $17 after yesterday's wee spike - it looks like the floor is set at $17 on normal trading, and once that's breached, the next stop is $0.

Going by sales it looks to me like anything more than 1 million shares would crush the market, so Trump's 120 million of them have zero value.

I hope the clowns who bought them at $30 remember who caused their loss.

Depends on whether the sale is on the open market, which would crash the value, or by private treaty, which would allow someone in effect to give President Trump money.
 
Trump actually posted on Xitter last night/today.

Also, at the X Spaces launch he didn't really mention the new crypto business, according to AP, he kept changing the subject in his usual rambling way.
 
Depends on whether the sale is on the open market, which would crash the value, or by private treaty, which would allow someone in effect to give President Trump money.

Nobody with that much money is that stupid.
 
I see the $17 mark has been broken today, down to $16.66.

I'll give it $15 by the end of the week.
 
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