One other crucial intangible to consider...

The major downside of going public with an Initial Public Offering is that you're going public. DUH. You are now required to file quarterly statements regarding the company financials including a full balance sheet, income statement and special SEC filings involving any executive compensation arrangements undertaken. A public firm has no more than 35 days to complete this task from the close of each financial quarter.

What evidence do any potential investors have that the parent SPAC or the spun-off DJT entity have located competent accounting professionals to manage the books of this new company and generate the required paperwork in a timely manner? Imagine how bad it would look for a company losing $30+ million cumulatively since creation that is integral to a key shareholder trying to cash out a huge share immediately declaring on day 125 of its existance that its first quarterly report is going to be a bit late. Or maybe they file it and a REAL accountant takes a look at it in ten minutes and spots a huge flaw in the numbers reflecting incompetence or more fraud.

That could trigger a freeze on ANY of the SPAC investors' abilty to exercise their shares if those initial required reports are botched.

At this point, it seems guaranteed that the operation of DJT the company will result in a long trail of future litigation. No one who would deal with Trump has a clue about operating a company with open books. And these books are going to be watched closer than any IPO in history by people one hundred times as smart as anyone Trump can find to work for him.


WTH

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