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- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 4
No. of Recommendations: 3
And at the current $18 a share, Trump's 114 million shares would still net him a cool 2 billion. Joe Blow is still an idiot for buying DJT stock, but Trump will make out pretty well in the end. It's essentially free money for him to tap as needed.
No. of Recommendations: 9
And at the current $18 a share, Trump's 114 million shares would still net him a cool 2 billion. Joe Blow is still an idiot for buying DJT stock, but Trump will make out pretty well in the end. It's essentially free money for him to tap as needed.
He can’t sell until September 19, during which time the stock will go lower yet. And once he starts selling it will go even lower, and even lower, and he won’t be able to help himself from cashing out as much as he can as quickly as he can, which will tank it even more.
Yeah, he’ll still make money, but like so much of his life, “Everything Trump Touches Dies”. Somehow he comes out of it OK, but everybody else gets shafted.
No. of Recommendations: 2
He can’t sell until September 19, during which time the stock will go lower yet. And once he starts selling it will go even lower, and even lower, and he won’t be able to help himself from cashing out as much as he can as quickly as he can, which will tank it even more.
There's another writer on Seeking Alpha saying it's a great buying opportunity. And there are a lot of MAGA bros in the comment section that agree. Wow.
No. of Recommendations: 4
Joe Blow is still an idiot for buying DJT stock, but Trump will make out pretty well in the end. It's essentially free money for him to tap as needed.
Wasn't that the obvious scam from the outset? With all of his legal bills and judgements, he needs cash. It doesn't matter to him that all of the little shareholders are going to lose. All that is important is that he makes money. He's even willing to screw over his big partners - like a couple of Saudis, who probably consider their investment payment for services to be rendered should he get elected again.
--Peter
No. of Recommendations: 9
Can you imagine if Biden or Harris sold shares of a money losing POS scam of a company like this to the public?
Faux News would be reporting the losses and interviewing the heartbroken "investors" who lost -80% of their life savings every hour on the hour!
Down -80% from the merger.
Down another -7.5% yesterday as low information MAGAs continue getting conned by the Convict...
Classic Trump, stop me if you’ve heard this one before...
Fleece the Dopes, line his pockets, rinse and repeat.
The company has done nothing but lose money, the shareholders have done nothing but lose money but Don Con is gonna make millions!
Maybe they should change the symbol from DJT to SCAM?
Billionaire media mogul Barry Diller summed it up perfectly saying,
"Trump Media is a scam stock bought by dopes."
How dumb does Trump think the MAGAS are?
No. of Recommendations: 5
He can’t sell until September 19, during which time the stock will go lower yet. And once he starts selling it will go even lower, and even lower, and he won’t be able to help himself from cashing out as much as he can as quickly as he can, which will tank it even more.
I wonder if it's worth it for him to try to sell very much, if any.
The "value" of DJT is Trump's usage of Truth Social and ownership of the stock. Trump isn't contractually committed to using Truth Social (and he's started to use X again), so the only thing that keeps him using it is probably his ownership of the platform. And the only reason any third party would ever advertise on Truth is to curry favor with Trump. So DJT only really has value as long as Trump is the majority owner of the company.
If he started selling, he probably wouldn't be able to sell more than a handful of shares at the current market price. If he tried to move towards exiting his position, the share price would collapse precipitously. While on paper the value of his shares is north of $2 billion, there don't exist buyers that collectively would give him $2 billion for his share of the company.
He's probably better off just keeping his illusory wealth illusory, but intact, for as long as he can. Sure, maybe sell a few percent of the company at north of ~$15 per share to get a little money off the table, but stop at that.
No. of Recommendations: 12
I wonder if it's worth it for him to try to sell very much, if any.
You’re thinking like a normal person. Trump is not normal. He is a sociopath and EVERY action he takes is designed to benefit himself, and only himself. Rules and laws do not apply to him.
He could care less about his base. Even if he did screw them, he knows they will blame everyone except themselves and their god, Trump. MAGA is a party of self pity, no responsibility, and false grievances.
Trump is not a finance guy, not an investor, and not a businessman based on his dozen+ bankruptcies. Seriously, how can you bankrupt a fricking casino!
If, God forbid, Trump wins, look to DJT to be a giant grift to line Trump’s pockets. It would be chump change for the Saudis to buy some of his shares for billions, although he could easily be bought for much less being the ignoramus he is.
Emoluments clause? I bet Trump can’t pronounce ‘emoluments’ let alone read about it in the Constitution.
Everything Trump touches dies.
No. of Recommendations: 4
He's probably better off just keeping his illusory wealth illusory, but intact, for as long as he can.
Now I’m sure he’s selling ASAP.
Since when has the orange moron done the smart thing instead of the thing to make a quick buck?
No. of Recommendations: 4
You’re thinking like a normal person. Trump is not normal. He is a sociopath and EVERY action he takes is designed to benefit himself, and only himself.
That's my point. I think it benefits Trump to keep a billion of fake value on paper, rather than sell out for a few tens of millions of cash dollars.
Trump is many things, but he's very savvy about certain aspects of business. He knows the value of appearances, of the illusion of competence and wealth, and how important the image of "Trump is Good at Business" is to him. He's very good at projecting wealth in order to get people to give him what he wants.
For someone like that, owning 60% of a business with a nominal market cap of $3 billion is much more valuable than a few tens of millions in the bank. And that's exactly the sort of thing that Trump is well aware of.
No. of Recommendations: 5
For someone like that, owning 60% of a business with a nominal market cap of $3 billion is much more valuable than a few tens of millions in the bank. And that's exactly the sort of thing that Trump is well aware of. Unless he thinks the other large owners are going to cash out and tank the stock anyway. As they are already doing. In that case the better choice is “gimme gimme gimme”, which comports with his ethos perfectly.
For instance, Phillip Juhan, Trump Media’s chief financial officer and treasurer, recently disclosed selling $1.9 million worth of stock. Trump Media’s general counsel Scott Glabe, chief operating officer Andrew Northwall and chief technology officer Vladimir Novachki made smaller sales last week too.
Even Devin Nunes, the former Republican congressman who now serves as Trump Media’s CEO and president, dumped $632,000 worth of stock last week. https://www.cnn.com/2024/08/29/business/trump-trut...“That’s my money!” He famously said (several times, actually) when donations were going to the Republican Party instead of to him. Hard to imagine he’s ging to sit idly by while the other bozos on the bus cash out and he’s “afraid of what it might look like”.
No. of Recommendations: 0
No. of Recommendations: 4
Unless he thinks the other large owners are going to cash out and tank the stock anyway. As they are already doing. In that case the better choice is “gimme gimme gimme”, which comports with his ethos perfectly.
Again, I agree he'll make the most selfish choice. I just am not sure what the most selfish choice for him would be.
If the other owners have already cashed out and tanked the stock, then it's any easy call. If the stock's already down to a few bucks because of all the other insiders bailing out, there's no more pretense of massive illusory wealth at that point. Might as well cut out.
This scenario assumes that there's enough greater fools out there to keep the stock in double digits and nominally worth more than a billion or two. If Trump chooses to exit at that point, the stock will crater - he's not getting 60% of that billion or two, but just a few tens of millions. He might prefer to wait and use his ownership stake to burnish his illusory business credentials, rather than cash it in for a (to him) pittance.
No. of Recommendations: 4
Hi , albaby, read this DJT- SEC - S1 filing.
It's a 150-page document - can you at least point to the part you think is relevant to this discussion, or just describe the part you think is important?
No. of Recommendations: 0
albaby, page one bud, are you familiar with S1 filings?
No. of Recommendations: 0
Read this,
" TRUMP MEDIA & TECHNOLOGY GROUP CORP.
Up to 14,375,000 Shares of Common Stock Issuable Upon the Exercise of Public Warrants
Up to 146,108,680 Shares of Common Stock
Up to 4,061,251 Warrants to Purchase Common Stock
This prospectus relates to the issuance by us of up to 14,375,000 shares of our common stock, $0.0001 par value per share (the “Common Stock”) that are issuable upon the exercise of warrants (the “Public Warrants”) originally issued in the initial public offering of Digital World Acquisition Corp. (“DWAC” or “Digital World”).
This prospectus also relates to the offer and sale from time to time by the selling securityholders named in this prospectus or their permitted transferees (the “Selling Securityholders”) of (a) up to an aggregate of 146,108,680 shares of Common Stock (the “Resale Securities”), consisting of (i) 1,133,484 shares of Common Stock (the “Placement Shares”) originally issued to ARC Global Investments II, LLC (“ARC”) in a private placement in connection with the initial public offering of Digital World at a price of $10.00 per unit, each unit consisting of one share of Common Stock and half a warrant exercisable at $11.50 per share of Common Stock (the “Digital World Convertible Units”), (ii) up to 14,316,050 shares of Common Stock originally issued as Founder Shares (as defined below) to ARC in connection with the initial public offering of DWAC at a price of $0.0017 per share, which share amount assumes a conversion ratio (2.0:1) pending litigation and/or out of court agreement between TMTG and ARC and consists of (x) 10,980,000 shares of Common Stock held by ARC (including 3,579,480 shares of Common Stock being held in the escrow pending the litigation); (y) 95,000 shares of Common Stock transferred to certain Selling Securityholders by ARC for no consideration (including 30,970 shares of Common Stock being held in the escrow pending the litigation) and (z) 3,241,050 shares of Common Stock transferred to certain Selling Securityholders by ARC for an approximate price of $0.0029 (including 1,056,582 shares of Common Stock being held in the escrow pending the litigation) (collectively the “Founder and Anchor Investors Shares”), (iii) 744,020 shares issued to holders of Digital World Convertible Notes (as defined below), consisting of (x) 625,270 shares of Common Stock issued to certain Selling Securityholders upon the conversion of the Digital World Convertible Notes into Digital World Convertible Units, each at a price of $10.00 and (y) 118,750 shares of Common Stock issued to certain Selling Securityholders upon the conversion of the Digital World Convertible Notes into Digital World Convertible Units, each at a price of $8.00 (collectively the “Conversion Shares”), (iv) 965,125 shares of Common Stock issued upon the conversion of promissory notes issued pursuant to the Convertible Note Compensation Plan (as defined below) (“DWAC Compensation Shares”), which shares of Common Stock were issued to the applicable Selling Securityholders without the payment of additional consideration, (v) 690,000 shares of Common Stock issued to TMTG director and officers as compensation immediately prior to the consummation of the Business Combination (as defined below) (“TMTG Compensation Shares”), without the payment of additional consideration, (vi) up to 6,250,000 shares that are issuable upon the conversion of Digital World Alternative Financing Notes (as defined below) into Digital World Convertible Units at a conversion price of $8.00 (“Alternative Financing Shares”), (vii) 7,116,251 shares of Common Stock issuable upon exercise of the Placement Warrants (as defined below) and the Post IPO Warrants (as defined below) at a price of $11.50 per share (the “Private Warrant Shares”), consisting of (w) 566,742 shares of Common Stock that are issuable upon the exercise of warrants originally issued to ARC in a private placement in connection with the initial public offering of Digital World (the “Placement Warrants”), (x) up to 369,509 shares of Common Stock that are issuable upon the exercise of warrants originally issued in connection with the conversion of Digital World Convertible Notes, immediately prior to the consummation of the Business Combination (the “Convertible Note Post IPO Warrants”), (y) up to 3,055,000 shares of Common Stock that are issuable upon the exercise of warrants originally issued in connection with Digital World Alternative Warrants (as defined below) and (z) up to 3,125,000 shares of Common Stock that are issuable upon the exercise of warrants to be issued in connection with the conversion of Digital World Alternative Financing Notes (the “Alternative Financing Notes Post IPO Warrants” and, together with the Convertible Note Post IPO Warrants and the Digital World Alternative Warrants, the “Post IPO Warrants”), (viii) 143,750 shares of Common Stock issued to the underwriters in connection with the Digital World IPO (as defined below) (the “Representative Shares”) and (ix) 114,750,000 shares of Common Stock held by President Donald J. Trump (“President Trump Shares”) consisting of (y) 78,750,000 shares of Common Stock received by President Donald J. Trump upon the consummation of the Business Combination in exchange of Private TMTG (as defined below) shares held by President Donald J. Trump and (z) 36,000,000 Earnout Shares (as defined below) earned by and issued to President Donald J. Trump on April 26, 2024, based on the performance of our shares of Common Stock and for no additional consideration and (b) up to 4,061,251 Warrants consisting of (i) 566,742 Placement Warrants, (ii) up to 369,509 Convertible Note Post IPO Warrants, and (iii) up to 3,125,000 Alternative Financing Notes Post IPO Warrants.
We will not receive any proceeds from the sale of shares of Common Stock or Warrants by the Selling Securityholders pursuant to this prospectus. We will receive proceeds from any exercise of the Warrants (as defined below) for cash."
The shares have been registered.
No. of Recommendations: 5
The shares have been registered.
Right. So what? How is that relevant to the timing of when Trump might choose to sell his shares, once the lock-up is over?
No. of Recommendations: 0
“Right. So what? How is that relevant to the timing of when Trump might choose to sell his shares, once the lock-up is over?” The purpose of that S1 filing was to remove the restrictive legend making the shares and wts free trading, once the S1 was declared, effective. Trump didn’t sell any shares at 40 plus, but, the old tricks might still be available. He may have borrowed against his share months ago, which should be a required disclosure move, but it still might not be even today. The borrower may have then sold the collateral, if they felt the safety of the loan was at risk. I don’t believe borrowing against your shares , even if you are a, control person” is required disclosure. Friends who tried to short the stock months ago couldn’t borrow it, and the cost was 10 percent a month in a few spots if available in small quantities.
No. of Recommendations: 2
The purpose of that S1 filing was to remove the restrictive legend making the shares and wts free trading, once the S1 was declared, effective. Trump didn’t sell any shares at 40 plus, but, the old tricks might still be available.
Can you point to where in the registration statement it says that? It seems as though there would be media coverage if DJT had amended their documents to eliminate the lock-up period. Just because shares are registered doesn't mean they're not subject to lock-up.
No. of Recommendations: 9
DJT down another -6% today. Its 16th loss in the past 18 sessions.
Am I detecting a pattern?
Trump Airlines: It never turned a profit and defaulted on its loans by 1990, ceasing operations by 1992.
Trump Vodka: Launched in 2006, Trump promised it would become "America's most popular cocktail." The brand was discontinued in 2011 after only 5 years.
Trump Mortgage: Trump claimed "Who knows more about financing than me?" The company shut down in 2007 amid the housing market crash.
GoTrump.com: A "luxury" travel search engine launched in 2006 that ceased operations just a year later in 2007.
Trump Steaks: Launched in 2007, sales were discontinued after only two months.
Trump Steakhouse: Trump claimed, "Was the best in the world!" was closed for health code violations.
Trump Magazine: Ceased publication after only 1.5 years.
Trump University: An unaccredited scam that operated from 2005 to 2011. It faced multiple lawsuits and investigations regarding its business practices.
Trump Entertainment Resorts: Trump's casino business filed for bankruptcy four times.
Lastly Trumps biggest failure of all, his Presidency: He added $8 Trillion to national debt, and ended his presidency with an economy that had 3 million fewer jobs than when he started
becoming the first American President to experience a net loss of jobs over his time in office.
Trump's mishandling of the pandemic is considered one of the most catastrophic failures of leadership in U.S. history.
His downplaying of the virus, promotion of unproven treatments, and lack of a national strategy resulted in thousands of avoidable deaths.
What an inspiration!
No. of Recommendations: 5
and defaulted on its loans
Filed for bankruptcy four times
Defaulted on loans by 1990
Is this anything like loan forgiveness, or does it only count if it’s student loans?
No. of Recommendations: 14
Clown show update...
"Trump Media and Technology Group, the parent company of Trump's Truth Social, site announced it lost $400.9 million last year. Its annual revenue declined 12%."
Classic Trump!
From Trump Media’s 10-K filing this week:
Page 44: "On May 31, 2024, President Donald J. Trump was convicted in the Supreme Court of the State of New York, New York County, of 34 felony counts in connection with the alleged falsification of business records."
Page 43: "A number of companies that were associated with Donald J. Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt.
Entities associated with Donald J. Trump have filed for bankruptcy protection in the past. The Trump Taj Mahal, which was built and owned by President Donald J. Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by President Donald J. Trump at the time, filed for Chapter 11 bankruptcy in 1992. THCR, which was founded by President Donald J. Trump in 1995, filed for Chapter 11 bankruptcy in 2004. Trump Entertainment Resorts, Inc., the new name given to Trump Hotels & Casino Resorts after its 2004 bankruptcy, declared bankruptcy in 2009. While all of the foregoing were in different businesses than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of those entities."
"A number of companies that had license agreements with President Donald J. Trump have failed. There can be no assurances that TMTG will not also fail.
Trump Shuttle, Inc., launched by President Donald J. Trump in 1989, defaulted on its loans in 1990 and ceased to exist by 1992. Trump University, founded by President Donald J. Trump in 2005, ceased operations in 2011 amid lawsuits and investigations regarding that company’s business practices. Trump Vodka, a brand of vodka produced by Drinks Americas under license from The Trump Organization, was introduced in 2005 and discontinued in 2011. Trump Mortgage, LLC, a financial services company founded by President Donald J. Trump in 2006, ceased operations in 2007. GoTrump.com, a travel site founded by President Donald J. Trump in 2006, ceased operations in 2007. Trump Steaks, a brand of steak and other meats founded by President Donald J. Trump in 2007, discontinued sales two months after its launch. While all these businesses were in different industries than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of these entities."
https://s3.amazonaws.com/sec.irpass.cc/2660/000114...http://todayheadline.co/trump-media-lost-400-milli...
No. of Recommendations: 5
No no no
We all saw how Donald was a successful businessman on “The Apprentice”
Those bankruptcies are all “fake news”. Or maybe liberals simply never gave him an even break. His failures (and there were only a few!!) were always somebody else’s fault!
So glad that America is now run by a smart businessman and that he has assembled such a smart team that will finally bring sanity back to government as they Make America Great Again!
Joe Biden never had the courage to rename the Gulf of(Mexico) America!
And with president Donald J. Trump, every day will be better than the day before as he singlehandedly brings dow the price of eggs, plants Old Glory on Panama, Greenland, Northern Mexico and Gaza, while welcoming Canada with open arms as the 51st state!
And unlike Joe Biden, he won’t get us in any foreign wars!
No. of Recommendations: 1
THIS!
No. of Recommendations: 2
would not be surprised if trump has mostly lost interest in djt\ts as bigger&faster opportunities for grift appear weekly.
would also not be surprised if he has assigned someone to slowly leak djt shares so that the price doesnt tank, but i have become even less interested in tracking this than don himself.
