Trump can’t pay

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Truth Social deal just closed and DJT is getting a big payout, though he can't sell his shares or pledge them as collateral for six months.

Who funded the "cash rich" shell company?

Gift link:
https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html?ugrp=u&unlocked_article_code=1.ek0.lSCM.-DzeLXLBKq43&smid=url-share

And in six months those shares won't be worth a cup of coffee.

Those shares really aren't worth sh!t now but, because of the magic of the market /s, it's worth >$1b. There are rubes buying in and probably manipulation going on. I wouldn't be surprised if Russia or other players are using this as a way to get money to Trump when he inevitably dumps those shares.

It’s down since the announcement, I think people are getting out now.

I wouldn't be surprised if it stays relatively flat till the election... then ¯\_(ツ)_/¯

Can someone explain how his stake is allegedly worth $3B? I'm looking at Yahoo Finance and the market cap is $1.548B: https://finance.yahoo.com/quote/dwac

Allen Weisselberg assessed the value.

Zing!

But seriously thank you for asking, PP. Nothing fishy about a free app with a few thousand active users being "worth" billions of dollars!

[Anonymous]

Truth Social has lost $31.6M since inception. But sure, it's worth $3B...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Someone’s up early and bigly mad.

Excellent news. Now the state of New York can be made whole.

Lol. Now the AG, judge, and hordes of democrats are going to watch Trump eat their collective lunches for the 11,853rd time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone’s up early and bigly mad.

Excellent news. Now the state of New York can be made whole.

Lol. Now the AG, judge, and hordes of democrats are going to watch Trump eat their collective lunches for the 11,853rd time.

Paying $454M to NY state is "eating their collective lunches"? If you say so.

[Anonymous]

Anonymous wrote:

Truth Social merger deal: it's been approved but several lawsuits have been filed because Trump is trying to split, ie, create more shares, and claim ownership of most of them (to get more. money), which would significantly dilute the shares of the other founders, since they've been assigned a certain number of shares, instead of a certain percentage of shares. They're not happy, and they're all fighting each other.

Trump is not allowed to sell his shares for the first 6 months, BUT, he can perhaps negotiate a loan now on the prospect of selling in 6 months.

However, the conditions of the loan will probably be usurious, since he's radioactive and everyone knows he'll try to stave off payment. There are also multiple scenarios in which the shares don't take off as they're hoping, and they'll be worth nothing in 6 months (Trump dies, Tump goes to jail, Trump loses the election, etc).

Color me skeptical that any bank is to going to loan half a billion dollars secured by a majority stake of meme stock in a company that loses money every year and has no realistic prospect to ever make money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone’s up early and bigly mad.

Excellent news. Now the state of New York can be made whole.

Lol. Now the AG, judge, and hordes of democrats are going to watch Trump eat their collective lunches for the 11,853rd time.

How so? He’s lost almost everything he’s brought to a court even with judges he appointed himself.

[Anonymous]

People who have no shame cannot be embarrassed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Truth Social merger deal: it's been approved but several lawsuits have been filed because Trump is trying to split, ie, create more shares, and claim ownership of most of them (to get more. money), which would significantly dilute the shares of the other founders, since they've been assigned a certain number of shares, instead of a certain percentage of shares. They're not happy, and they're all fighting each other.

Trump is not allowed to sell his shares for the first 6 months, BUT, he can perhaps negotiate a loan now on the prospect of selling in 6 months.

However, the conditions of the loan will probably be usurious, since he's radioactive and everyone knows he'll try to stave off payment. There are also multiple scenarios in which the shares don't take off as they're hoping, and they'll be worth nothing in 6 months (Trump dies, Tump goes to jail, Trump loses the election, etc).

Color me skeptical that any bank is to going to loan half a billion dollars secured by a majority stake of meme stock in a company that loses money every year and has no realistic prospect to ever make money.

Can't use the stock for that purpose until the 6 month lock-up period is over.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Truth Social merger deal: it's been approved but several lawsuits have been filed because Trump is trying to split, ie, create more shares, and claim ownership of most of them (to get more. money), which would significantly dilute the shares of the other founders, since they've been assigned a certain number of shares, instead of a certain percentage of shares. They're not happy, and they're all fighting each other.

Trump is not allowed to sell his shares for the first 6 months, BUT, he can perhaps negotiate a loan now on the prospect of selling in 6 months.

However, the conditions of the loan will probably be usurious, since he's radioactive and everyone knows he'll try to stave off payment. There are also multiple scenarios in which the shares don't take off as they're hoping, and they'll be worth nothing in 6 months (Trump dies, Tump goes to jail, Trump loses the election, etc).

Color me skeptical that any bank is to going to loan half a billion dollars secured by a majority stake of meme stock in a company that loses money every year and has no realistic prospect to ever make money.

Can't use the stock for that purpose until the 6 month lock-up period is over.

Apparently the company can choose to give him a waiver.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Truth Social merger deal: it's been approved but several lawsuits have been filed because Trump is trying to split, ie, create more shares, and claim ownership of most of them (to get more. money), which would significantly dilute the shares of the other founders, since they've been assigned a certain number of shares, instead of a certain percentage of shares. They're not happy, and they're all fighting each other.

Trump is not allowed to sell his shares for the first 6 months, BUT, he can perhaps negotiate a loan now on the prospect of selling in 6 months.

However, the conditions of the loan will probably be usurious, since he's radioactive and everyone knows he'll try to stave off payment. There are also multiple scenarios in which the shares don't take off as they're hoping, and they'll be worth nothing in 6 months (Trump dies, Tump goes to jail, Trump loses the election, etc).

Color me skeptical that any bank is to going to loan half a billion dollars secured by a majority stake of meme stock in a company that loses money every year and has no realistic prospect to ever make money.

Can't use the stock for that purpose until the 6 month lock-up period is over.

Apparently the company can choose to give him a waiver.

How does the pump and dump work if everyone knows exactly how much the dump will be and exactly when it will begin?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Truth Social merger deal: it's been approved but several lawsuits have been filed because Trump is trying to split, ie, create more shares, and claim ownership of most of them (to get more. money), which would significantly dilute the shares of the other founders, since they've been assigned a certain number of shares, instead of a certain percentage of shares. They're not happy, and they're all fighting each other.

Trump is not allowed to sell his shares for the first 6 months, BUT, he can perhaps negotiate a loan now on the prospect of selling in 6 months.

However, the conditions of the loan will probably be usurious, since he's radioactive and everyone knows he'll try to stave off payment. There are also multiple scenarios in which the shares don't take off as they're hoping, and they'll be worth nothing in 6 months (Trump dies, Tump goes to jail, Trump loses the election, etc).

Color me skeptical that any bank is to going to loan half a billion dollars secured by a majority stake of meme stock in a company that loses money every year and has no realistic prospect to ever make money.

Can't use the stock for that purpose until the 6 month lock-up period is over.

Apparently the company can choose to give him a waiver.

How does the pump and dump work if everyone knows exactly how much the dump will be and exactly when it will begin?

Have you met a Trump supporter?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone’s up early and bigly mad.

Excellent news. Now the state of New York can be made whole.

Lol. Now the AG, judge, and hordes of democrats are going to watch Trump eat their collective lunches for the 11,853rd time.

Meh. Trump is circling the drain.

If this merger is really worth what Trump says it is - then he can put up his bond in the next 60 hours and file his appeal. If it’s not, then NYS can start freezing bank accounts and putting liens on his properties.

Either way, he’s a whiny desperate old man.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Someone’s up early and bigly mad.

And lying as usual.

The AG should submit this to the appeals court.

+1

100% this. Since Trump just said he has half a billion in liquid assets, it's time to turn them over and drop the claim that he can't get the money.

I would love for the appeals court to order his lawyers to tell them if they were lying to them in their filing, or if Trump is lying to the public.

It's a legitimate question and one that should be asked right? I mean, does he have the money and can he pay or does he not?

Judge Engoron asked for this information yesterday.

[Anonymous]

I wonder if he intends to hand over this worthless stock to NY State based on the stupid value today.

Is the state compelled to accept stock that is going to collapse in value in lieu of cash payment?

[Anonymous]

Anonymous wrote:I wonder if he intends to hand over this worthless stock to NY State based on the stupid value today.

Is the state compelled to accept stock that is going to collapse in value in lieu of cash payment?

Seems like the attempt itself would be fraud, since Trump knows it is valueless.