Trump can’t pay

[Anonymous]

Anonymous wrote:

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.

He doesn't care. He just wants to keep buying more time.

My prediction: he comes to the judge saying that he wants to give this stock to NY State to satisfy his judgments, or Trump asks for 6 months when he can openly trade the stock. Judge says no. Trump gets to go through another round of appeals. Tick tock, tick tock.

[Anonymous]

He cannot legally use the stock for personal trades until the lock-up period expires.

[Anonymous]

Anonymous wrote:
People who have no shame cannot be embarrassed.

CNN didn’t admit anything. It’s just the opinion from a guest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
People who have no shame cannot be embarrassed.

CNN didn’t admit anything. It’s just the opinion from a guest.

They are accustomed to platforms where the hosts and guests are partisan, so don't know the difference.

[Anonymous]

DWAC down almost 14% today. Some might call it a bloodbath.

[Anonymous]

Anonymous wrote:He cannot legally use the stock for personal trades until the lock-up period expires.

Actually, I don't believe he can actually use the stock as surety. He has to find one of the bond lenders, who will take the stock as collateral and will pay the bond amount to the escrow account. It's essentially taking a loan to ensure that the appellant can pay the original penalty if they lose their appeal.

So far, 30+ lenders have refused to give him the bond because most will not take real estate as collateral for a bond over $100M. Most of them also have similar policies for stocks as there is no guarantee that a stock (like real estate) will maintain its value through the end of a potentially long trial and appeal process. In this case, the process could be quite long as after appeal to the NYS appeals court, it can go to the NYS Supreme Court and then whether Trump tries to get it to the SCOTUS in some manner. So there is no guarantee how long the process will be and whether the Truth Social stock would maintain its value. There is some argument to be made that if Trump loses his bid for the White House (again!) that Truth Social's value will plummet because his political career would essentially be over.

So, I think it is unlikely that any news about Truth Social is likely to have any effect on his capacity to acquire a bond for appeal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:He cannot legally use the stock for personal trades until the lock-up period expires.

Actually, I don't believe he can actually use the stock as surety. He has to find one of the bond lenders, who will take the stock as collateral and will pay the bond amount to the escrow account. It's essentially taking a loan to ensure that the appellant can pay the original penalty if they lose their appeal.

So far, 30+ lenders have refused to give him the bond because most will not take real estate as collateral for a bond over $100M. Most of them also have similar policies for stocks as there is no guarantee that a stock (like real estate) will maintain its value through the end of a potentially long trial and appeal process. In this case, the process could be quite long as after appeal to the NYS appeals court, it can go to the NYS Supreme Court and then whether Trump tries to get it to the SCOTUS in some manner. So there is no guarantee how long the process will be and whether the Truth Social stock would maintain its value. There is some argument to be made that if Trump loses his bid for the White House (again!) that Truth Social's value will plummet because his political career would essentially be over.

So, I think it is unlikely that any news about Truth Social is likely to have any effect on his capacity to acquire a bond for appeal.

you cannot collateralize a locked equity

[Anonymous]

To quote Brooklyn Nine Nine (mis)quoting Die Hard: tick tock, other buckets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He cannot legally use the stock for personal trades until the lock-up period expires.

Actually, I don't believe he can actually use the stock as surety. He has to find one of the bond lenders, who will take the stock as collateral and will pay the bond amount to the escrow account. It's essentially taking a loan to ensure that the appellant can pay the original penalty if they lose their appeal.

So far, 30+ lenders have refused to give him the bond because most will not take real estate as collateral for a bond over $100M. Most of them also have similar policies for stocks as there is no guarantee that a stock (like real estate) will maintain its value through the end of a potentially long trial and appeal process. In this case, the process could be quite long as after appeal to the NYS appeals court, it can go to the NYS Supreme Court and then whether Trump tries to get it to the SCOTUS in some manner. So there is no guarantee how long the process will be and whether the Truth Social stock would maintain its value. There is some argument to be made that if Trump loses his bid for the White House (again!) that Truth Social's value will plummet because his political career would essentially be over.

So, I think it is unlikely that any news about Truth Social is likely to have any effect on his capacity to acquire a bond for appeal.

you cannot collateralize a locked equity

That is correct you can not.

Is there. a mechanism for a waiver? I have never heard of that but someone mentioned it today.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He cannot legally use the stock for personal trades until the lock-up period expires.

Actually, I don't believe he can actually use the stock as surety. He has to find one of the bond lenders, who will take the stock as collateral and will pay the bond amount to the escrow account. It's essentially taking a loan to ensure that the appellant can pay the original penalty if they lose their appeal.

So far, 30+ lenders have refused to give him the bond because most will not take real estate as collateral for a bond over $100M. Most of them also have similar policies for stocks as there is no guarantee that a stock (like real estate) will maintain its value through the end of a potentially long trial and appeal process. In this case, the process could be quite long as after appeal to the NYS appeals court, it can go to the NYS Supreme Court and then whether Trump tries to get it to the SCOTUS in some manner. So there is no guarantee how long the process will be and whether the Truth Social stock would maintain its value. There is some argument to be made that if Trump loses his bid for the White House (again!) that Truth Social's value will plummet because his political career would essentially be over.

So, I think it is unlikely that any news about Truth Social is likely to have any effect on his capacity to acquire a bond for appeal.

you cannot collateralize a locked equity

That is correct you can not.

Is there. a mechanism for a waiver? I have never heard of that but someone mentioned it today.

News reports have said the board of directors can waive it. And the board is stacked with Trump flunkies so they likely will if asked.

[Anonymous]

Why would they accept this crackpot scheme. It could be worthless in six months. Cash only.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:He cannot legally use the stock for personal trades until the lock-up period expires.

Actually, I don't believe he can actually use the stock as surety. He has to find one of the bond lenders, who will take the stock as collateral and will pay the bond amount to the escrow account. It's essentially taking a loan to ensure that the appellant can pay the original penalty if they lose their appeal.

So far, 30+ lenders have refused to give him the bond because most will not take real estate as collateral for a bond over $100M. Most of them also have similar policies for stocks as there is no guarantee that a stock (like real estate) will maintain its value through the end of a potentially long trial and appeal process. In this case, the process could be quite long as after appeal to the NYS appeals court, it can go to the NYS Supreme Court and then whether Trump tries to get it to the SCOTUS in some manner. So there is no guarantee how long the process will be and whether the Truth Social stock would maintain its value. There is some argument to be made that if Trump loses his bid for the White House (again!) that Truth Social's value will plummet because his political career would essentially be over.

So, I think it is unlikely that any news about Truth Social is likely to have any effect on his capacity to acquire a bond for appeal.

you cannot collateralize a locked equity

That is correct you can not.

Is there. a mechanism for a waiver? I have never heard of that but someone mentioned it today.

News reports have said the board of directors can waive it. And the board is stacked with Trump flunkies so they likely will if asked.

But the risk is on whoever guarantees it, and the stick is likely to be in the pink sheets by the fall.

[Anonymous]

Pa. billionaire Jeffrey Yass’ firm has a large holding in company that merged with Trump’s Truth Social
Trump, who is facing mountainous legal fees and fines stemming from legal cases against him, stands to net more than $3 billion from the sale.
Philadelphia area billionaire Jeffrey Yass’ firm was the largest institutional shareholder as of December in the company that has merged with Truth Social, former President Donald Trump’s social media company.

While the firm is a trading company that serves as a market maker for many well-known stocks, it could signal a link between one of the most powerful GOP megadonors in the nation with the presumptive Republican nominee. Yass is a Republican megadonor who has never donated to Trump’s campaign.

Trump, who faces mountainous legal fees and fines stemming from legal cases against him, stands to net more than $3 billion from the sale, which was green-lit on Friday by shareholders, according to SEC filings.

https://www.inquirer.com/politics/election/jeff-yass-donald-trump-truth-social-pennsylvania-politics-20240322.html

Looks like Trump will be okay. Yass will cover trump’s legal expenses. According to Haaretz, he is a major supporter of Israeli right-wing think tanks. Wonder what Yass will get out of the deal?

[Anonymous]

I understand that by March 25, the asset seizure begins.

[Anonymous]

Oh man who chose that horrible vagina neck photo for this? Also, he big mad.