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Post by biminitwisted on Apr 9, 2024 16:05:17 GMT -5
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Post by ferris1248 on Apr 13, 2024 10:16:04 GMT -5
Shares in Trump Media & Technology Group, the parent company of the Twitter knockoff Truth Social, began trading under a ticker symbol matching the Republican former president’s initials DJT after being absorbed by the blank-check company Digital World Acquisition Corp. on March 26. After an initial wave of enthusiasm, “DJT” shares have been in a tailspin. They hit a postmerger low below $30 on Friday — down from the mid-$60s in the heady days after the deal closed — and were more recently changing hands at around $31, down 3% on the day and 23% on the week. Outside investors are nursing losses potentially exceeding a billion dollars in aggregate. “We know there’s currently about 30 [million] or 40 million tradeable shares,” says Matthew Kennedy, a senior strategist at Renaissance Capital, a provider of IPO-focused exchange-traded funds and pre-IPO institutional research. “To my knowledge, there’s no way to know how many Robinhood, Schwab, etc., accounts own the stock. [But] I suspect it’s a lot of retail ownership.” Total trading volumes on that first day, in late March, came to 32 million shares. If that’s the scale of the mom-and-pop investors who piled into the stock, their losses to date will come to more than $1.1 billion.What about Trump? Despite the mayhem, he’s on track for a big payday.
First, there are the 79 million shares he already owns. They effectively cost him nothing and are worth $2.4 billion even at their rapidly deflating price.
But, astonishingly, Trump’s likely windfall also includes a massive stock bonus that he is still on track to receive — even though the stock’s performance so far has been disastrous. At current prices, this bonus would be worth more than $1 billion.It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed.
Those threshold prices? Just $12.50, $15 and $17.50 a share.
Critically, Trump will get the bonus even if the stock keeps sinking and outside investors who bought into the stock at higher prices keep losing money. His deal is based on the average price across 20 days, rather than the price at the end of the period. Even better for him: It isn’t even based on a simple average but on an average price weighted toward the days with the biggest trading volumes.
About 30% of all the trading volume in “DJT” to date took place on the day the merger deal closed, when the price ranged between $62 and $72. As a result, the dollar volume-weighted average price over the stock’s first 12 days of trading remains well north of $50 — despite the recent collapse.
Trump is now all but guaranteed to qualify for his bonus by the end of this month, no matter how much further the stock falls. finance.yahoo.com/news/trump-track-1-billion-stock-162800582.html |
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Post by illinoisfisherman on Apr 13, 2024 10:29:58 GMT -5
Good for him. It will help defer the costs of the Law-fare being waged against him
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Post by ferris1248 on Apr 13, 2024 10:34:45 GMT -5
It was just another scam from the get go.
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Post by tonyroma on Apr 13, 2024 10:56:01 GMT -5
If it’s all legal can it really be considered a scam?
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Post by whitebacon on Apr 13, 2024 10:58:29 GMT -5
Maybe we should all post 15 effing pages of complete horse shit. Clown pictures and everything. Be a man. Thus ain't teen magazine. Nobody here cares about your stupid pictures. Grow up tool. |
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Post by whitebacon on Apr 13, 2024 11:02:38 GMT -5
If it’s all legal can it really be considered a scam? Not a scam at all. Two different scenarios, both legal. Amazon comes to market, early investors get rich. Brokencars.com comes to market, everyone goes broke. |
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Post by ferris1248 on Apr 13, 2024 11:10:07 GMT -5
Call it what you want.
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Post by misterjr on Apr 13, 2024 16:40:09 GMT -5
I read that MTG is down $50K on her Trump stock investment.
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Post by ferris1248 on Apr 14, 2024 7:22:39 GMT -5
If it’s all legal can it really be considered a scam? Certainly. People get scammed all the time by legal means. |
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Post by ferris1248 on Apr 14, 2024 13:36:46 GMT -5
"Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said." That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more." “I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.” "Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week." "Schlanger said he now watches his stock performance every day hoping for positive signs." "He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.” "McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” “This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.” "In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. " www.msn.com/en-us/money/markets/small-time-investors-in-trump-s-truth-social-reckon-with-stock-collapse/ar-BB1lB5fS?ocid=winp1taskbar&cvid=aff11c04053f4d7cab3b8b1c2a54d468&ei=5# |
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Post by tonyroma on Apr 14, 2024 13:38:54 GMT -5
If it’s all legal can it really be considered a scam? Certainly. People get scammed all the time by legal means. I can agree with this. My Uncle was a big wig at Morgan Stanley/ Dean Witter. His bosses would come to him and ask…Is this legal? He would take a month to break it down and then say, “ ya, it’s legal, but unethical.” He warned me about the housing market shit in the 2000’s way before it was on the radar. Get some beers in that guy and he’s got some stories. |
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Post by nikonoclast on Apr 14, 2024 14:24:40 GMT -5
Whether or not Trump cashes-in depends on the SEC.
The "deal" is still in play from a regulatory stance.
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Post by Captj on Apr 15, 2024 4:37:52 GMT -5
Just a typical Trump maneuver. Enrich himself and screw everyone else. Instead of America First it should be TRump first. Can't believe how gullible people are to believe that TRump actually has a plan. From holding bibles upside down to selling them for his own enrichment. Don't forget, this is the billionaire who constantly told us how successful he is as a businessman, and how rich he is. But not to worry folks, there's a plan coming soon. Soon. Maybe next week. Or the following week. Or???
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Post by illinoisfisherman on Apr 15, 2024 8:30:39 GMT -5
What is the stock at today.  |
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