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Post by ferris1248 on Apr 15, 2024 9:40:52 GMT -5
Trading at 27 or so right now. (Bloomberg) -- "Former president Donald Trump’s social media startup sank as much as 20% after the company registered its shares for potential resale." "Trump Media & Technology Group Corp., parent of Truth Social, filed to register shares including those held by insiders and linked to warrants. The move is the first step toward opening the door for Trump and other insiders to get approval from the company’s board to begin capitalizing on their stakes." "As many as 146 million common shares were registered, as well as up to 21 million shares that are issuable upon the exercise of warrants. The filing also registered up to 4 million warrants to purchase common stock. Warrants, which are tied to the stock and can be exchanged with cash for shares of the company, sank 12% to $12.10 as of 8:41 a.m. in New York." "A filing to register shares for resale — in addition to potentially selling more stock — is normal for blank-check deals, which Trump Media completed last month to be a public company. It is worth noting that the filing does not necessarily indicate that a sale has begun, or will occur in the future." finance.yahoo.com/news/trump-media-plunges-registering-shares-130049015.html
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Post by ferris1248 on Apr 15, 2024 9:41:56 GMT -5
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. Yep
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Post by biminitwisted on Apr 15, 2024 11:36:21 GMT -5
What is the stock at today. 27.15 USD
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Post by ferris1248 on Apr 15, 2024 11:52:32 GMT -5
Who's going to buy those 21 million new shares?
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Post by biminitwisted on Apr 15, 2024 11:55:28 GMT -5
Who's going to buy those 21 million new shares? Some guy in Illinois is cutting check number 407 to him as we speak. Check 406 went indirectly to the DNC.
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Post by illinoisfisherman on Apr 15, 2024 11:58:33 GMT -5
I don’t know anything about stocks so I don’t buy them.
What’s that new valuation do? Knock Trumps holdings all the way down to about 1.7 billion. Damn. He is getting flattened.
But 1.7 billion will buy a whole lot of ChicFilet.
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Post by biminitwisted on Apr 15, 2024 12:01:36 GMT -5
Small-time investors in Trump’s Truth Social reckon with stock collapse Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faitharchive.is/JFoyY
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Post by biminitwisted on Apr 15, 2024 12:02:10 GMT -5
Jerry Dean McLain, who has put pretty much his “whole nest egg” into Truth Social, and has lost thousands of dollars already, says “I know good and well it’s in Trump’s hands, and he’s got plans. I have no doubt it’s going to explode sometime.”
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Post by biminitwisted on Apr 15, 2024 12:02:59 GMT -5
"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." Other users feel lonely – they wonder why fellow Trump fans aren't buying up shares en masse.
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Post by biminitwisted on Apr 15, 2024 12:03:45 GMT -5
McLain, who believes the stock could go to $1,000. "The company’s leaders, he said, are being 'too silent right now' amid questions about the falling share price, but he suspects it's because they're working on something amazing and new."
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Post by illinoisfisherman on Apr 15, 2024 12:20:51 GMT -5
If it goes to $1000 heads will be exploding around here.
😂🤣😂🤣😂🤣😂🤣
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Post by tonyroma on Apr 15, 2024 12:23:19 GMT -5
If it goes to $1000 heads will be exploding around here. 😂🤣😂🤣😂🤣😂🤣 I enjoy day drinking also🍷🥂🍻🍺🥃🧉
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Post by biminitwisted on Apr 15, 2024 15:22:17 GMT -5
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Post by illinoisfisherman on Apr 15, 2024 18:48:49 GMT -5
I hear Buffet likes it. 🤷♂️
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Post by dragonbait on Apr 15, 2024 19:08:36 GMT -5
Warren Buffett Exposed The Reason For Trump's Failed Business Ventures Decades Before The Fraud Case — 'Where Did Donald Trump Go Wrong? The Big Problem With Donald Trump Was He Never Went Right'
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