I’ve seen articles that she can start collecting on Monday if Trump doesn’t pay up. This is to collect the $175 million. I think the April 22 hearing is about the original $460 million plus judgment. But there is little info about April 22 so unclear. |
DP. https://www.newsweek.com/donald-trump-backed-over-bond-reduction-1888495
The bond from Knight Specialty Insurance has already been rejected in NYS. So, Trump has to show financially that he can pay the $175M bond himself. He claimed he had $500M cash available, he should be able to pony up the $175M or the state can begin the process of claiming assets in order to try and collect the amount due in his judgment. If he wants to stop collection during appeals, he has to put up $175M by Monday. |
Meanwhile, the GoFundMe set up nearly two months ago has stalled bigly. At first it was receiving around 150k per day. But they just now crossed the $2 million mark. At this rate the money is coming in slower than Trump's interest is accruing. Sad! |
Forbes says TO THE LIFEBOATS!
https://www.forbes.com/sites/johntobey/2024/04/12/sell-trump-media-stock-djt-nowan-implosion-is-coming/?sh=26165e5c19ef |
When did the court reject the bond? I can’t fine anything on the docket that says that. Newsweek is trash publication. |
What kind of idiots would invest in this thing in the first place? The fundamentals were not sound. Ever. |
There was money to be made in shorting it, but that train already left the station. When Trump dilutes it even more by issuing another 40 million shares, it will be a pink sheet stock within a month. |
Nope You are incorrect. Read up on the subject. |
Check the news from last Thursday. It was all over NYT, CNN, Reuters, PBS and I’m sure many others. |
“Impending implosion” is a good metaphor for Trump. His self-destruction will be slowly then all at once. Running for POTUS in 2016 was a disaster for him. He should have stuck to reality tv and golf. He hasn’t done well in the disinfectant of sunlight. |
That was just when the clerk told them to file the financial statements. Then they filed them, so that's no longer an issue. The court hasn't rejected the bond. The AG objected to the bond, and the bonding company is now required to "justify the surety" by Monday, and then Engoran is going to have a hearing on it on the 22nd. There are no enforcement actions happening on Monday. |
That’s not true. Knight Specialty is not licensed to do business as an insurer in NYS and it doesn’t have enough money, even with the updated filing. Apparently its “bond” also promises that Trump will pay. There is most definitely still an issue. |
There are many issues with the bond, but a lack of financial statements is not one of them. |
+1 |