Outskirts of Shrewd'm / Living Abroad
No. of Recommendations: 1
Grifters gonna grift...
Down another -4.5% today,
Overall, the stock had plunged 55% since the merger closed and declined 65.5% from its post-merger high.
Net Income: -$9.18M
Net Profit Margin: -1.22K (negative margin)
When will it be delisted like his last public-failure-of-a-company which also used the symbol DJT?
No. of Recommendations: 2
But the grift will likely make Trump billions. That's all that matters.
Cult followers always get screwed but seldom can admit it.
No. of Recommendations: 2
But the grift will likely make Trump billions. That's all that matters.
Trump has about 120 million shares of DJT. If the share price drops to $10 before he sells, he'll only net 1.2 billion if he sells it all. I don't think a future $10 price is even a bottom though. 😊
But yes, right now DJT is about $34 per share (actually up 3% today so far) so Trump's shares are currently worth a cool 4 billion, at least on paper.
Trump will still probably net a few hundred million though, no matter how bad the going gets.
No. of Recommendations: 0
If Trump tried to sell it, the stock would crater. Such a large order would swing the price dramatically, and from an insider also. Would Trump have to file his intention to sell with the SEC? I know the executives at my former employer had to do that. I think they had to file three months in advance, or maybe it was only two(??).
No. of Recommendations: 2
it is fairly amazing how some still are incapable of realizing that trump has not monetized a dime out of his DJT 'billions'.
never believe any hype on don's income unless taxes are being skirted !
at this point, i think trump confiscating the DJT cash or getting his bond money back, has better odds for improving his liquid net worth than DJT shares.
nothing will be more publicized than trump starting to dump DJT, and i worry not a smidgen his braintrust is utilizing any basic game theory to dispose. i fully trust the business genius to go by his gut feel, but matters little regardless.
consider 2 items :
A. what % of MAGA are retail stock investors, how many have already been burned, and what is their forward appetite to 'averaging down' ?
there may be quite some willing to ride it to zero as a badge of how biden has cheated them or other inane notions. quite a few now lean to indicating this game is not for them.
once trump starts selling, how many MAGA will keep buy their orders at $30,$20,$10,$2 ? will a tsunami of new MAGA shareholders suddenly jump in as anti-momentum contrarians?
where the heck are the buyers for 10s of millions of shares going to come from? (other than the putin/saudis/yass/megadonor theories)
B. this is the dynamic opposite of slow motion court actions which hardly perturb MAGA loyalty.
liquidity can trigger exponential changes in the 'voting motion, as many meme stocks have shown. the trip down to $1 can be on any day the market doesn't like trump sales, which are still months away. even rumors of such can pull forward the weighing machine.
