Trump can’t pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one is going to bond against shares that aren't liquid.

Didn’t he just say that he would use cash as collateral?

what cash?

He just said in an interview that he didn't see anything wrong with getting cash from foreign entities.

Is this required to be disclosed for federal employees????

He’s not currently a federal employee.

[Anonymous]

Anonymous wrote:I bet he is going to have trouble getting the extra $75,000,000.

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I bet he is going to have trouble getting the extra $75,000,000.

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.

That’s meaningless since he can’t sell it or use it as collateral before the bond comes due.

[Anonymous]

Trump's media company valued at almost $8 bln in strong Wall St debut
By Medha Singh and Yuvraj Malik
March 27, 20245:50 AM EDTUpdated 11 hours ago

https://www.reuters.com/markets/us/trumps-media-company-shares-jump-ahead-backdoor-nasdaq-debut-2024-03-26/

March 26 (Reuters) - Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.
At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million.

The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion.
Trump's majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.

Now Truth Social is worth $8 billion.

[Anonymous]

Anonymous wrote:Trump's media company valued at almost $8 bln in strong Wall St debut
By Medha Singh and Yuvraj Malik
March 27, 20245:50 AM EDTUpdated 11 hours ago

https://www.reuters.com/markets/us/trumps-media-company-shares-jump-ahead-backdoor-nasdaq-debut-2024-03-26/

March 26 (Reuters) - Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.
At its session high of $79.38 per share, TMTG's market capitalization crossed $10 billion on an undiluted basis, an astronomical valuation for a company that reported an operating loss of $10.6 million for the first nine months of 2023 on revenue of just $3.4 million.

The stock closed 16% higher at $57.99, valuing the company at nearly $8 billion.
Trump's majority stake in TMTG was last valued at about $6 billion, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.

Now Truth Social is worth $8 billion.

Yea, still can't cash out or use it as collateral.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I bet he is going to have trouble getting the extra $75,000,000.

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.

It won't be worth a bucket of warm spit in six months.

[Anonymous]

DJT is more speculative than Bitcoin, and that's saying something.

At least Bitcoin is used internationally by the governments of small, poorer countries as a way to fight inflation. It's also used by international criminal gangs to launder money. In other words, cryptocurrency is used as a value repository around the world.

But DJT? No. Investors are buying and selling purely for the short-term before Trump dies or goes to jail. He won't be President, but investors are hoping to sell to people who believe he might be.

If Trump divests before he loses the election, he might get a large influx of cash. Essentially the next 6 months are prime buying and selling time, and then after that all bets are off, and you certainly want to sell before November.

But really. Stick to crypto.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I bet he is going to have trouble getting the extra $75,000,000.

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.

It won't be worth a bucket of warm spit in six months.

I think you underestimate the devotion of the cult. Trump will eventually cash out, maybe not $4B because when he starts selling it will drop. The cult members and some meme day traders will take most of the loss.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I bet he is going to have trouble getting the extra $75,000,000.

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.

It won't be worth a bucket of warm spit in six months.

I think you underestimate the devotion of the cult. Trump will eventually cash out, maybe not $4B because when he starts selling it will drop. The cult members and some meme day traders will take most of the loss.

Good piece on this here. “The nice thing about this for Trump is that Trump Media’s dismal business prospects are basically irrelevant to its valuation. The prospectus for the merger of Trump Media and the special-purpose acquisition company Digital World Acquisition Corp. includes a seemingly endless list of risk factors, including the fact that “a number of companies that were associated with President Trump have filed for bankruptcy.” It offers no plausible path to rapid growth, let alone to profitability. And it doesn’t even provide a detailed picture of Truth Social’s current operations: Digital World—a shell company that appears to have been created for the sole purpose of taking Trump Media public—says in the prospectus that Trump Media did not provide it with “complete financial information.” Remarkably, Trump Media says that it has no plans to report, and in fact doesn’t even collect, data on how many active users Truth Social has, how many new users it’s signing up, or how many ad impressions it’s generating.
In other words, Trump Media’s message to investors who might want to evaluate its performance boils down to “Trust us.” And although that would normally send investors scurrying, it’s just fine for the retail investors who have been snapping up shares of DJT. They most likely feel no need to peruse the Digital World prospectus for risk factors. They trust Trump.”
https://www.theatlantic.com/politics/archive/2024/03/trump-gets-meme-stock-business/677895/?utm_source=apple_news

[Anonymous]

So has he coughed up the $175 million yet, or is he still radioactive?

[Anonymous]

Anonymous wrote:So has he coughed up the $175 million yet, or is he still radioactive?

Not yet and he's still shilling that USA Bible for 60 bucks. Maybe it's just me, but that tells me he lied about having $500,000,000. He got a huge break and should have ponied up a certified check for $175,000,000. I don't think he has the money and I don't think there is another Chubb waiting in the wings to bail him out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So has he coughed up the $175 million yet, or is he still radioactive?

Not yet and he's still shilling that USA Bible for 60 bucks. Maybe it's just me, but that tells me he lied about having $500,000,000. He got a huge break and should have ponied up a certified check for $175,000,000. I don't think he has the money and I don't think there is another Chubb waiting in the wings to bail him out.

That's a lot of Bibles.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So has he coughed up the $175 million yet, or is he still radioactive?

Not yet and he's still shilling that USA Bible for 60 bucks. Maybe it's just me, but that tells me he lied about having $500,000,000. He got a huge break and should have ponied up a certified check for $175,000,000. I don't think he has the money and I don't think there is another Chubb waiting in the wings to bail him out.

That's a lot of Bibles.

I couldn’t resist.
It’s 2,916,667 bibles.
That’s assuming the $60 price tag is all profit and there are no shipping and handling costs. So probably more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So has he coughed up the $175 million yet, or is he still radioactive?

Not yet and he's still shilling that USA Bible for 60 bucks. Maybe it's just me, but that tells me he lied about having $500,000,000. He got a huge break and should have ponied up a certified check for $175,000,000. I don't think he has the money and I don't think there is another Chubb waiting in the wings to bail him out.

That's a lot of Bibles.

The basket of deplorables is over 70,000,000! If each one buys gold tennis shoes for every member of their family and Trump's "Bible"-- do the math!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So has he coughed up the $175 million yet, or is he still radioactive?

Not yet and he's still shilling that USA Bible for 60 bucks. Maybe it's just me, but that tells me he lied about having $500,000,000. He got a huge break and should have ponied up a certified check for $175,000,000. I don't think he has the money and I don't think there is another Chubb waiting in the wings to bail him out.

That's a lot of Bibles.

The basket of deplorables is over 70,000,000! If each one buys gold tennis shoes for every member of their family and Trump's "Bible"-- do the math!

The number of Trump cultists is much smaller than the number of Trump voters.