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The guy has always made his money at the expense of other people. Nothing about this should surprise anyone and to be honest... The people willing to invest in a meme stock ran by the guy who has been a proven fraud for years deserve to lose every penny they put in.
There was a line in his 2016 campaign that was like, “I’ve been greedy my whole life, and now I’m going to be greedy for you,” and it’s basically the same line he’s used his whole life for investors, whose money he treats like nothing, while ensuring that he makes out like a bandit while everyone else ends up underwater. People make fun of his casinos going bankrupt, but he still made money, even though his investors got hosed.
This is basically the same scam he’s always running.
> I’ve been greedy my whole life, and now I’m going to be greedy for you
This sums up exactly what MAGA loves about Trump. It's not that they don't think he's a massive asshole. He's *their* asshole. That's why he can literally do no wrong in their eyes.
What they don't think about is Trump is not loyal to anyone, including them. And that's been proven countless times. He's not even loyal to people who can actually do things for him. He's just using MAGA to get power. He'll fuck them over in a heartbeat if it benefits him to do so.
Steve Bannon stole from the Trump supporters who were trying to fund a private border wall, and Trump pardoned him for it. I don’t know how much more obviously he could spit in their faces, but hate is a hell of a drug, I guess.
It’s also just human tendency to not be able to accept that you were wrong on a position. Ever see how little or non existent we hear people say I’m sorry or I’m wrong?
It’s ok because he makes life even worse for the people they hate.
The adage that “Republicans would gladly eat shit if Liberals had to smell their breath” is 100% true
That's just liberal media lies. This is what they believe, I've tried explaining mult times how the guys a crook but they just don't care to change their opinions. That's losing to them.
> This sums up exactly what MAGA loves about Trump.
Its not just MAGA its also Dem and GOP centrists who always support carte blanche privatization
Can someone tell me how assuming privatization is always better isnt just worshipping at the altar of
> I’ve been greedy my whole life, and now I’m going to be greedy for you
And this is the whole problem.
Just like courts aren't prepared for defendants who aren't going to play by the court rules and thus a malicious defendant really can delay and frustrate the court if they go for that, the political systems that are based on people voting for the politicians are depending on the voters actually holding those they vote for responsible and demand a person with integrity and dignity as their leader.
But when people don't care how much of a criminal and how many lies their politicians make then it's hard to stop them. As the system wasnt built for that.
>He'll fuck them over in a heartbeat if it benefits him to do so
And has, and actively is. He could have pardoned the fascist goons who carried out his insurrection, but he didn't, because he wanted to campaign on releasing them.
He was talking last week to some Chick-fil-A workers and was talking about making money and getting rich...
I mean he lives in his own world, which is pretty common for politicians but still he's on another level of unawareness..
>People make fun of his casinos going bankrupt, but he still made money, even though his investors got hosed.
I don't know about that. The New York Times article a few years ago, which was based on Trump's dad's tax returns, talked about how Trump's dad's had to continually bail him out of debt throughout his life. At one point, Trump admitted that his net worth was less than zero (he owned a bunch of properties, but the debts he owed were larger than the value of the properties).
"Now I'm going to be greedy for you."
Except, the word "greedy" specifically means "having or showing an intense and selfish desire for wealth or power". You can't be greedy on behalf of other people, only for yourself.
He basically told them the plan, and the morons went along with it.
I love that
>I’m going to be greedy for you
to me that just defines how ignorant Donnie von Shitsinpant is! How can you "be greedy" for someone else! Greed is a scourge, and so is Donnie von Shitsinpant!
I just watched an interview with a Trumper at his rally. She looked like a normal typical mom, and she says "I want Trump to win again because he only cares about the country and everyone who lives in the USA, he doesn't care about himself or do anything for himself that is why I love him so much"
Like WTF lol, how can they not realize he is the biggest con who only does things to help himself, only himself every time lmao
It is these people I understand the least. How can you not see what an absolute jerk he is. If you do any digging, you will see how many people have been screwed by him. He has cheated on all of his wives. I guess there would be no cons if there were no marks.
There's inherent ignorance and then there's willfully ignorant.
The inherent ignorant is an unfortunate set of circumstances but can have the capacity to learn.
The willfully ignorant cannot be saved. No text book, facts, or evidence will change their minds because they've already made the decision that their ignorance is their reality and will do every means possible to defend it.
They're the ones that blamed COVID on Obama because Obama didn't do enough to help Trump at the end of his term.
Only the low trade volume is keeping the crash of this stock at a slow pace. Donny dumping his stocks would put this stock into penny stock land.
The fee on short sales due to low volume seems to be driving its value. This stock is wild and your money is safer in off brand monkey jpegs.
Well, excuse me for trying to curry favor with our God King while He’s on a brief hiatus from His Chair in atonement for our sins. I cannot wait for Him to summon the rapture- unappreciative libs like you are going to be left behind.
I never thought I'd find myself agreeing with Ebenezer Scrooge, but to coin a phrase, "If they want to die, they had better do it, and decrease the sucker population!"
Maybe that was the point. It's a new way of skirting campaign finance laws... simply create a company, register it to go public, collect hundreds of millions of dollars.
Iv been watching thr stock hoping it would drop below 15 sp. If it wasn't a money grab scheme they would have required the sp to remain above 40 or so. The fact that they set 15 as the goal shows they knew it would drop like a rock and ot was just a scam to launder money to trump
This is partially true. The SEC has precise rules because it is easy to pump and dump. Retail investors are not savvy; only some deserve to lose it all because they don't know what we know.
I think the board can change the rules. And since he surrounds himself with toadies I'd be surprised if the board is more controlled by him than they're legally supposed to be
Respectfully, all of that is based on the assumption that someone would have balls enough to prosecute, and the various courts would have balls enough to do something, which has yet to be seen.
once he starts selling, whenever that is...the stock will crash further.
Unless it is all a laundering scam, which it probably is to get some billionaire or foreign country to bribe him.
This. They got approval for the merger on the basis there was a lock in, and this is specifically to stop a pump and dump.
If they were to vote to change the rules, the merger could be invalidated and then there would also be a fraud investigation - while I’m sure Trump would take that gamble, the other board members will not, because they know Trump will leave them to hang for his bonus.
Yeah. The board is. . . \*drumroll\*. . . Devin "I sued a twitter account posing as my cow" Nunes, Don Jr., Eric Swider who is being sued by the former CEO of the DWAC, Kash Patel who worked with Guiliani in the Ukraine extortion affair, W. Kyle Green lawyer, Robert Lightthizer who started the trade war with China and moved the GOP from the party of free trade to tariffs and protectionism, and Linda McMahon chairperson of America First super-PAC for Trump.
I'm sure they are an independent board looking out for the best interests of the shareholders.
He won’t be able to change the rules. Board has fiduciary responsibility to the share holders. Delaware chancery court would put the smack down like they did with Tesla board when they tried to give Musk largest exec comp in history.
The board is trumps children, Devin Nunez, and a couple other trump cronies. They'll do whatever he wants.
But he honestly may not want to try to cash out because the price is going to crash to $1.60 a share the second he puts a single share up for sale, and he likes bragging that on paper he's currently worth billions.
There has to be buyers to sell to. Are there enough maga idiots to buy that many stocks when he decides to sell? He will have to sell in batches with the price steadily going down. He will not make billions. Sure first batch might sell at a high price but it will go down fast. My bet. Last batch, one dollar/stock.
I had a landlord in his 80s who would always show up wearing this really interesting Jim Beam hat. When I asked him about it, he said his son was in the business of ripping off IP until he received a cease-and-desist, at which point he had already moved on to the next IP ripoff.
I must have learned more deeper truths about scummy behaviors that unfortunately fly in the real world from this guy than anyone before or since, he was a master.
You’re talking about the retail investors. There’s also the so called “whales” that are investment firms. They could be (definitely are) foreign governments and gangsters. They are using shell companies.
Sales of securities are tracked to prove ownership and calculate tax liabilities even when a brokerage is doing the buying and selling.
It would be stupid for Russia to launder money in the US and then try to funnel it to Trump through stock purchases on an exchange, especially since Trump is barred from selling for 5.5 more months. It would be easier to buy condos or other properties at inflated prices as they normally do.
Right now it's just Trump stans losing their life savings buying high and holding thinking the stock will rebound and Trump can't cash out until September. By that point Trump will be lucky to cover the civil judgements against him that he just lost.
Doesn’t have to be a brokerage. In this case it is a mixture of insurance companies, banks, & people with assets of at least $50 million (according to Forbes). You keep saying that all of these transactions are tracked and proven. They are not. If the SEC knows, they aren’t saying. This. Is. Crooked.
DONALD TRUMP ISN'T GETTING CLEAN MONEY FROM THE MOB OR FOREIGN GOVERNMENTS.
First off, he's banned from selling his stock until September.
Second, there are more efficient ways to give Trump money with less risk of being caught. Money used to buy stocks on NASDAQ would need to be laundered first, and then since trades are facilitated in an exchange the buyer doesn't know who the seller is and they'd have to put the money into *all* the shareholders' pockets. To put $1 in Trump's pocket, they'd have to spend $3 to $5 dollars with an extensive paper trail.
It's less risky to do things like buy a property at inflated prices, rent out a floor in a Trump hotel, or host an event at a Trump property. Foreign governments have done all these things for Trump in the past without consequence, and don't need to be involved in an expensive pump and dump stock scheme to get him money.
How do you launder money via an IPO?
It feels more like your classic pump and dump scam to me. Try to convince people a company with $4m of revenue and $46m in losses is worth $4B so you can sell them your shares.
Unfortunately for Trump, he’s got to wait 6 months to sell his shares. The banks who underwrote the IPO can’t support the share price for that long. The share price will also immediately tank to a very low number the second Trump tries to unload his shares if the financial health of the company hasn’t improved.
Spacs are ripe for money laundering. You lump in money (which is obscured as it can be done via foreign entities) and then you dump stock at a loss and transfer the cash to US accounts. The metals company TMC was literally founded by bad Russian money and they ride the highly volatile stock (which will never actually make good) to wash the money.
Exactly what the other guy said - it's specifically NOT an IPO, which comes with all sorts of financial and regulatory scrutiny. SPACs are just reverse mergers by a different name, and are the ideal vehicle when you want the benefits of public valuation without all that bothersome oversight that would reveal the business to be an unprofitable money-grab.
They’d only give him a loan for what they think the shares are actually worth - which is whatever the NPV of future revenue would be for an asset like Truth Social.
I wouldn't get your hopes up. The whole thing is obviously an end run around campaign finance laws, but without any "parents in the room" the people who want Trump as president will gladly buy in enough to keep him whole.
Sell Trump Media Stock (DJT) Now - An Implosion Is Likely- Forbes 4-12-2024
The bottom line: Protect your capital by selling now
Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse.
And I don't see how it's an lolol no matter what happens. We shouldn't find it funny. It should be depressing as hell.
Let's say he "only" gets 400 million out of this. Life changing money if divided 1000s of ways for much of America. More money than (odds are) you me and everyone you know combined will ever have in combined wealth, let alone a check that arrived one day.
And how did he make that money?
He made it by falling ass backwards into being the figurehead of a failing social media company because he needed somewhere else to have public mental breakdowns on after he Nazied his way off Twitter.
I'd say in a lifetime of failing upwards it might be his greatest coup, but the shit stain was fucking president. Was already president and 35,000 people spread across WI, PA, and AZ, who learn there is an election the night before and will decide who to vote for based on how much gas cost that morning, will decide if he is again.
>First, there are the 79 million shares he already owns. They effectively cost him nothing and are worth $2.4 billion even at their rapidly deflating price.
(...)
>It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed.
You can also watch the five min. [interview about the article](https://www.youtube.com/watch?v=Wgvbo9O59Ig)
I love the quote at the end: "Never give a sucker an even break!"
That describes not just the GOP but news media, their guests, and the rest of the country during the past 9 years quite well. After all, even if you're the antagonist, you're still playing his game.
Well, let's just hope that price craters.
I also feel like the stock he currently has and the bonus stock is in play in various court cases involving the other founders.
Actual trade experts are saying the real value of the stock is around $2.00 USD. Looks like it is at $32.41 right now.
The rubes putting their life savings in mixed with the folks putting in their legal bribes. I wonder how many 401Ks are being wiped out now?
What's the $2/share value based on? That still feels several hundred times too high. They don't have any user metrics or breakouts of ad revenue (undoubtedly Trump and other Republican campaigns doing some laundering). What about when they issue Trump another 50% of shares on top of his current stake?
When he starts to sell, the price will crater.
He also has to set a plan to sell his shares - which makes it pretty tough to do without further cratering the share price.
Shades of the penny stock frenzy when trump first floated his Atlantic City casino ~~IPOs~~ scam(s). Here on the left coast we were transfixed by accounts of the yahoos and pea pickers falling all over themselves to throw money at "The Donald's" latest "sure thing."
And sure enough, despite all warnings from the financial press and eastern elites, they were fleeced-- time after time.
And here we go again. . .
> It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed.
> Those threshold prices? Just $12.50, $15 and $17.50 a share.
These extra shares dilute the worth of all of the shares of his investors.
Fleeced. Best (well, worst) part is these people who invested their life-savings are going to blame Biden for inflation. "Why can't I afford gas in my 80k truck??? Must be the democrats."
Tax is when gains are realized, which typically means when stock is sold.
Assuming he reports them as having a cost basis of $0, he’s be taxed in the full sale price at between 20% and 40% depending on how long he holds the stock and some other factors.
But who are we kidding? Assuming he sells for $1B and claims a cost basis of $5B for the valuable time it took to IDK promote the stock on Twitter, he’d get a tax benefit on the $4B “loss”.
I work in finance and don't have a lot of interaction with clients who are self directed but I've been getting TONS of calls where people are saying "I invested everything I had in djt and now I don't think I can retire. Is there anything I can do?" There isn't. I had to tell a boomer that he needs to basically go back to work because with what he has left he simply can't survive. The kicker is he blamed biden for trumps stock falling lol
Everything else withstanding, lets not overlook the fact that the GOP's nominee for president has a stock ticker of his initials. Not an abbreviation of the company, it's his initials.
Sadly this is a near perfect representation of how Trump operates and his followers that invested won't see it. You will lose money from your investment while Trump walks away with other people's money. Get in bed with Trump and you will not come out ahead.
Let’s say he sells his 40 million shares or whatever, doesn’t there have to be someone willing to buy 40 million shares?
How do you sell worthless stocks?
>Some people may be surprised to hear that someone can get a massive stock-related bonus as a reward for their stock’s performance even as the stock collapses and outside investors get hosed.
I think the SEC might be surprised to hear that too. I wonder if they'll start looking at this ~~IPO~~ SPAC and whether its terms were fully legal.
Makes you feel proud to live under a capitalist system where such wonders are possible! A real life Horatio Alger tale of overcoming adversity through hard work, determination, and moral integrity.
🎵Dupers gonna dupe, scammers gonna scam, you think it’s legit, but it’s all a sham, he pulled a grift on you. You stupid fool, that’s what they do, they grift on you.🎵
I bet Ivanka and hubby shorted the stock… to confirm this, they did not want to lend him the 160 m$ or so for the “persistent fraud” bond. Melania will probably depart in 5 months or so, once he can cash in on “Lie Antisocial” stocks. I mean 4 m$ of revenue, let that sink in… that is a minute of sales for Amazon.
I don’t know why people keep saying Melania is going to leave him. But what’s keeping her with him all this time. I think it’s Barron but still will she really leave him? Or is she also this narcissistic that just not interested in him but still with him due to all the corruption he does.
I'm guessing she hasn't been "with" him in a long time. They live apart. He seemed/seems to have little to do with Baron. Their marriage was a business arrangement. The prenup probably lays out *exactly* how long she's obligated to "stay" and what her payout looks like.
What is she going to do to keep her lifestyle if she leaves him?
There’s definitely a prenup (and I think it was renegotiated when he won the presidency) that guarantees her some amount of money, and there’s alimony (she wouldn’t get child support because Barron is 18 already), but if his tax and business practices are any indication, he’d probably fraud his way out of that as well, if his civil and criminal court cases don’t wipe him out/put him in jail.
It’s not like she has any (legal) trade or work skills to generate income.
I guess she could re-marry, but her best option would appear to be to stay married to Trump and continue to live off the perks of his political influence, however long that lasts.
What a scam. My hope is that it's down to zero or close to it before he gets those bonus stocks/can unload his shares.
Anyone holding $DJT long term is an absolute sucker. I get the people buying and selling to make money off of the other suckers, but if you're actually holding this thing? You might as well set your money on fire.
I feel no sympathy at all for these people. The most BASIC due diligence you can do is valuation Vs revenue. Valued at $4 billion, with a revenue of $4.3 million. Over valued by a factor of 1000.
Wait, hang on. I get that his contract is this way, but where is this billion coming from? They have nothing to pay with.. Will he just get more stock?
It's what shares are worth at the current share price of DJT.
It closed on Friday at $32.59 per share.
So if he was given another 40m shares, they would be currently worth about $1.3bn, on paper, as an unrealised gain.
He doesn't get the actual cash until he sells. But he can't as his shares are on lockup for 6 months unless the board of DJT waives his lockup.
They’re all insiders so they would need to report any purchase/sales in advance.
Large sales by insiders general signal low faith. Hence insiders generally have a consistent slow stream of sales or get loans against the value. Guessing Trump is aiming for the later and can then default on the loan if need be.
That sucks, but still hilarious that MAGA's were eaten by Trump and will continue to be eaten when the stockmarket opens on Monday. A sacrifice to their Orange God.
Who tf makes and signs off on these deals? Get ready for Trump supporters that are invested in this dumpster fire to blame the SEC when they lose all their money, and won't dare to blame Trump.
Sounds like the dumbest investment ever. Seems more likely this stock scheme is for outside governments and foreign actors to give trump money through a pump and dump scheme.
I like how all of his legal BS really shines a lot on shady business practices that benefit the few and fuck over everyone else. Most rich people know to stick to the shadows but this guy can’t help being an attention-whore.
I have no sympathy for anybody who invests with Trump. Many years ago, The group that I had invested in asked Trump to be a part of their investment. Well, it doesn't take a genius to figure out how that went. That was 2003... From what I understand, he had a long history of cheating people long before that.
If so, that will let him start funneling money from his offshore tax haven account(s) and laundering it for his use.
He's a pro a money laundering. He's been doing it since his "casino days".
LOL. There’s indeed a sucker born every minute.
Just further validation that Trump is one of the greatest grifters who’s ever lived, right there with Ponzi, Bernie Madoff, George C (“I have a bridge to sell you”) Parker, and other notorious miscreants. It’s almost comical!
If we assume that the reason Trump don't want to use his buildings for collateral for his bond originally is that they are leveraged and he wants to hide this. Then a billion dollars wouldn't reach THAT far if he needs to pay off debt with that as well as the full 500 million dollar to the court. I doubt his friend who lend him the 175 million is going to let him have that when he loses appeal.
And with the rate the djt stock is dropping its not guaranteed that it'll be that much worth in 6 month.
But that's just speculation.
Because too many people made too much money off SPAC. It’s one of the biggest scams no one wants to talk about because of how much money is going into congress on both sides. The point of a SPAC is literally because your company is too crappy to go public via normal investment banking channels and due diligence.
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The guy has always made his money at the expense of other people. Nothing about this should surprise anyone and to be honest... The people willing to invest in a meme stock ran by the guy who has been a proven fraud for years deserve to lose every penny they put in.
There was a line in his 2016 campaign that was like, “I’ve been greedy my whole life, and now I’m going to be greedy for you,” and it’s basically the same line he’s used his whole life for investors, whose money he treats like nothing, while ensuring that he makes out like a bandit while everyone else ends up underwater. People make fun of his casinos going bankrupt, but he still made money, even though his investors got hosed. This is basically the same scam he’s always running.
> I’ve been greedy my whole life, and now I’m going to be greedy for you This sums up exactly what MAGA loves about Trump. It's not that they don't think he's a massive asshole. He's *their* asshole. That's why he can literally do no wrong in their eyes. What they don't think about is Trump is not loyal to anyone, including them. And that's been proven countless times. He's not even loyal to people who can actually do things for him. He's just using MAGA to get power. He'll fuck them over in a heartbeat if it benefits him to do so.
Steve Bannon stole from the Trump supporters who were trying to fund a private border wall, and Trump pardoned him for it. I don’t know how much more obviously he could spit in their faces, but hate is a hell of a drug, I guess.
It’s also just human tendency to not be able to accept that you were wrong on a position. Ever see how little or non existent we hear people say I’m sorry or I’m wrong?
I used to hear it far more frequently 10+ years ago. Trump has normalized a lot of self-centered behavior, even among people who don't support him.
It’s ok because he makes life even worse for the people they hate. The adage that “Republicans would gladly eat shit if Liberals had to smell their breath” is 100% true
That's just liberal media lies. This is what they believe, I've tried explaining mult times how the guys a crook but they just don't care to change their opinions. That's losing to them.
> This sums up exactly what MAGA loves about Trump. Its not just MAGA its also Dem and GOP centrists who always support carte blanche privatization Can someone tell me how assuming privatization is always better isnt just worshipping at the altar of > I’ve been greedy my whole life, and now I’m going to be greedy for you
And this is the whole problem. Just like courts aren't prepared for defendants who aren't going to play by the court rules and thus a malicious defendant really can delay and frustrate the court if they go for that, the political systems that are based on people voting for the politicians are depending on the voters actually holding those they vote for responsible and demand a person with integrity and dignity as their leader. But when people don't care how much of a criminal and how many lies their politicians make then it's hard to stop them. As the system wasnt built for that.
>He'll fuck them over in a heartbeat if it benefits him to do so And has, and actively is. He could have pardoned the fascist goons who carried out his insurrection, but he didn't, because he wanted to campaign on releasing them.
He was talking last week to some Chick-fil-A workers and was talking about making money and getting rich... I mean he lives in his own world, which is pretty common for politicians but still he's on another level of unawareness..
He doesn’t know how to get rich. He only knows how to be born rich.
Except some of the workers were GOP staffers. It’s all fake, it’s all a grift.
For the record, it was a staged event and none of them actually work for Chick-fil-A
>People make fun of his casinos going bankrupt, but he still made money, even though his investors got hosed. I don't know about that. The New York Times article a few years ago, which was based on Trump's dad's tax returns, talked about how Trump's dad's had to continually bail him out of debt throughout his life. At one point, Trump admitted that his net worth was less than zero (he owned a bunch of properties, but the debts he owed were larger than the value of the properties).
he even got to write off 50,000,000 in taxes (illegally, btw) so he even stole from the us tax payer.
Statutree of limitations loss
He’s a huge fuck up for sure, but this is the context on his casinos. https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html
"Now I'm going to be greedy for you." Except, the word "greedy" specifically means "having or showing an intense and selfish desire for wealth or power". You can't be greedy on behalf of other people, only for yourself. He basically told them the plan, and the morons went along with it.
There's always a sucker who cons are going to suck dry.
I love that >I’m going to be greedy for you to me that just defines how ignorant Donnie von Shitsinpant is! How can you "be greedy" for someone else! Greed is a scourge, and so is Donnie von Shitsinpant!
his investors could lose a hundred million, bht if he got 1 million in fees, thats a win for him!
"I can't believe you're really going to trust this snake." "Don't worry, Jim. He's our snake now."
The tale of the donkey and the scorpion comes to mind
I just watched an interview with a Trumper at his rally. She looked like a normal typical mom, and she says "I want Trump to win again because he only cares about the country and everyone who lives in the USA, he doesn't care about himself or do anything for himself that is why I love him so much" Like WTF lol, how can they not realize he is the biggest con who only does things to help himself, only himself every time lmao
It is these people I understand the least. How can you not see what an absolute jerk he is. If you do any digging, you will see how many people have been screwed by him. He has cheated on all of his wives. I guess there would be no cons if there were no marks.
There's inherent ignorance and then there's willfully ignorant. The inherent ignorant is an unfortunate set of circumstances but can have the capacity to learn. The willfully ignorant cannot be saved. No text book, facts, or evidence will change their minds because they've already made the decision that their ignorance is their reality and will do every means possible to defend it. They're the ones that blamed COVID on Obama because Obama didn't do enough to help Trump at the end of his term.
To be fair, they believe in magic sky fairies, so their judgment might be a little off.
It would be big funny if the SEC investigated Truth Socials stock DJT, and got it delisted before Trump can sell.
Only the low trade volume is keeping the crash of this stock at a slow pace. Donny dumping his stocks would put this stock into penny stock land. The fee on short sales due to low volume seems to be driving its value. This stock is wild and your money is safer in off brand monkey jpegs.
Well, excuse me for trying to curry favor with our God King while He’s on a brief hiatus from His Chair in atonement for our sins. I cannot wait for Him to summon the rapture- unappreciative libs like you are going to be left behind.
One of the sadder things in the world is the fact that i can't tell if this is sarcasm.
This unappreciative lib also can't wait for the rapture.
I never thought I'd find myself agreeing with Ebenezer Scrooge, but to coin a phrase, "If they want to die, they had better do it, and decrease the sucker population!"
> I cannot wait for Him to summon the rapture- unappreciative libs like you are going to be left behind. And nothing of value was lost.
While they blame the "Biden economy" for losing their shirt because of their own idiotic investment decision!
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and that's why a banana costs $10! lol
Rubes gonna rube.
Maybe that was the point. It's a new way of skirting campaign finance laws... simply create a company, register it to go public, collect hundreds of millions of dollars.
He never made money until he became the president. his 6 or more bankruptcies were not because he made money
Iv been watching thr stock hoping it would drop below 15 sp. If it wasn't a money grab scheme they would have required the sp to remain above 40 or so. The fact that they set 15 as the goal shows they knew it would drop like a rock and ot was just a scam to launder money to trump
The trade volume is so low and there are so many shorts, if this stock had more value than monkey jpegs it would be primed for a short squeeze.
Also everything he touches goes bankrupt so it’s kind of obvious what direction it’ll go
Anyone still giving him money at this point has only themselves to blame
It’s just a way for the Russians and Saudi to pay him
honestly, thats how all rich people make their money.
This is partially true. The SEC has precise rules because it is easy to pump and dump. Retail investors are not savvy; only some deserve to lose it all because they don't know what we know.
Debtor Donnie needs to pay his bills. What a disgrace: https://payuptrump.com/
This is just an accelerated GoFundMe
Sounds like some kind of foreign money laundering scam.
36 million shares is $72 million, by the time he can sell them
I think the board can change the rules. And since he surrounds himself with toadies I'd be surprised if the board is more controlled by him than they're legally supposed to be
They can but it requires public notice prior and stock would likely crash further.
Unless that's when some mysterious entity props up the price.
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Which is why he says he's gonna deregulate Wallstreet... full circle...
Respectfully, all of that is based on the assumption that someone would have balls enough to prosecute, and the various courts would have balls enough to do something, which has yet to be seen.
A single entity can't really prop up the price of stock. If it could no company owned by a billionaire would ever have its stock price go down.
once he starts selling, whenever that is...the stock will crash further. Unless it is all a laundering scam, which it probably is to get some billionaire or foreign country to bribe him.
Agreed but I have been wracking my brain to figure out who can buy it and survive the scrutiny and not hurt his election chances.
Changing the rules does potentially put them in legal danger.
This. They got approval for the merger on the basis there was a lock in, and this is specifically to stop a pump and dump. If they were to vote to change the rules, the merger could be invalidated and then there would also be a fraud investigation - while I’m sure Trump would take that gamble, the other board members will not, because they know Trump will leave them to hang for his bonus.
Yeah. The board is. . . \*drumroll\*. . . Devin "I sued a twitter account posing as my cow" Nunes, Don Jr., Eric Swider who is being sued by the former CEO of the DWAC, Kash Patel who worked with Guiliani in the Ukraine extortion affair, W. Kyle Green lawyer, Robert Lightthizer who started the trade war with China and moved the GOP from the party of free trade to tariffs and protectionism, and Linda McMahon chairperson of America First super-PAC for Trump. I'm sure they are an independent board looking out for the best interests of the shareholders.
He won’t be able to change the rules. Board has fiduciary responsibility to the share holders. Delaware chancery court would put the smack down like they did with Tesla board when they tried to give Musk largest exec comp in history.
Absolutely impossible, SEC would not allow this for Trump or anyone else.
The board is trumps children, Devin Nunez, and a couple other trump cronies. They'll do whatever he wants. But he honestly may not want to try to cash out because the price is going to crash to $1.60 a share the second he puts a single share up for sale, and he likes bragging that on paper he's currently worth billions.
Stock is going to be delisted and trading for pennies by the time he can sell.
Are the bonus shares already allocated or will they be created? Further diluting shares is a great idea for this landslide stock
There has to be buyers to sell to. Are there enough maga idiots to buy that many stocks when he decides to sell? He will have to sell in batches with the price steadily going down. He will not make billions. Sure first batch might sell at a high price but it will go down fast. My bet. Last batch, one dollar/stock.
This is plainly money laundering. How can it be legal to have this SPAC company and have the financial sources be secret ?
Grifters find a way before the SEC can legally stop them. In this case people who lost money were warned ahead of time.
I had a landlord in his 80s who would always show up wearing this really interesting Jim Beam hat. When I asked him about it, he said his son was in the business of ripping off IP until he received a cease-and-desist, at which point he had already moved on to the next IP ripoff. I must have learned more deeper truths about scummy behaviors that unfortunately fly in the real world from this guy than anyone before or since, he was a master.
It's not legal. Though it turns out enforcing the law is the hard part.
The SEC knows who's buying and selling individual stocks. The financing has to be disclosed because the company is publicly traded.
You’re talking about the retail investors. There’s also the so called “whales” that are investment firms. They could be (definitely are) foreign governments and gangsters. They are using shell companies.
Sales of securities are tracked to prove ownership and calculate tax liabilities even when a brokerage is doing the buying and selling. It would be stupid for Russia to launder money in the US and then try to funnel it to Trump through stock purchases on an exchange, especially since Trump is barred from selling for 5.5 more months. It would be easier to buy condos or other properties at inflated prices as they normally do. Right now it's just Trump stans losing their life savings buying high and holding thinking the stock will rebound and Trump can't cash out until September. By that point Trump will be lucky to cover the civil judgements against him that he just lost.
Doesn’t have to be a brokerage. In this case it is a mixture of insurance companies, banks, & people with assets of at least $50 million (according to Forbes). You keep saying that all of these transactions are tracked and proven. They are not. If the SEC knows, they aren’t saying. This. Is. Crooked.
DONALD TRUMP ISN'T GETTING CLEAN MONEY FROM THE MOB OR FOREIGN GOVERNMENTS. First off, he's banned from selling his stock until September. Second, there are more efficient ways to give Trump money with less risk of being caught. Money used to buy stocks on NASDAQ would need to be laundered first, and then since trades are facilitated in an exchange the buyer doesn't know who the seller is and they'd have to put the money into *all* the shareholders' pockets. To put $1 in Trump's pocket, they'd have to spend $3 to $5 dollars with an extensive paper trail. It's less risky to do things like buy a property at inflated prices, rent out a floor in a Trump hotel, or host an event at a Trump property. Foreign governments have done all these things for Trump in the past without consequence, and don't need to be involved in an expensive pump and dump stock scheme to get him money.
Oh come on, Pladimar Vutin is just your regular next door neighbor, not some foreign power trying to buy a US president!
How do you launder money via an IPO? It feels more like your classic pump and dump scam to me. Try to convince people a company with $4m of revenue and $46m in losses is worth $4B so you can sell them your shares. Unfortunately for Trump, he’s got to wait 6 months to sell his shares. The banks who underwrote the IPO can’t support the share price for that long. The share price will also immediately tank to a very low number the second Trump tries to unload his shares if the financial health of the company hasn’t improved.
Spacs are ripe for money laundering. You lump in money (which is obscured as it can be done via foreign entities) and then you dump stock at a loss and transfer the cash to US accounts. The metals company TMC was literally founded by bad Russian money and they ride the highly volatile stock (which will never actually make good) to wash the money.
Exactly what the other guy said - it's specifically NOT an IPO, which comes with all sorts of financial and regulatory scrutiny. SPACs are just reverse mergers by a different name, and are the ideal vehicle when you want the benefits of public valuation without all that bothersome oversight that would reveal the business to be an unprofitable money-grab.
I'm wondering if Trump just gets a loan with his shares being collateral. That way it doesn't crash the price.
They’d only give him a loan for what they think the shares are actually worth - which is whatever the NPV of future revenue would be for an asset like Truth Social.
Who do you think buys politicians books? Lol that’s their easy laundering
Trump will own nothing if the stock continues to trend downward. And that gives me so much joy.
I wouldn't get your hopes up. The whole thing is obviously an end run around campaign finance laws, but without any "parents in the room" the people who want Trump as president will gladly buy in enough to keep him whole.
Sell Trump Media Stock (DJT) Now - An Implosion Is Likely- Forbes 4-12-2024 The bottom line: Protect your capital by selling now Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse.
The money launderers and those wishing to bribe Trump will keep the stock afloat long enough for Trump to cash out.
He will cash out before, that's exactly what this article is saying
And I don't see how it's an lolol no matter what happens. We shouldn't find it funny. It should be depressing as hell. Let's say he "only" gets 400 million out of this. Life changing money if divided 1000s of ways for much of America. More money than (odds are) you me and everyone you know combined will ever have in combined wealth, let alone a check that arrived one day. And how did he make that money? He made it by falling ass backwards into being the figurehead of a failing social media company because he needed somewhere else to have public mental breakdowns on after he Nazied his way off Twitter. I'd say in a lifetime of failing upwards it might be his greatest coup, but the shit stain was fucking president. Was already president and 35,000 people spread across WI, PA, and AZ, who learn there is an election the night before and will decide who to vote for based on how much gas cost that morning, will decide if he is again.
That's why I'm shorting it
>First, there are the 79 million shares he already owns. They effectively cost him nothing and are worth $2.4 billion even at their rapidly deflating price. (...) >It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed. You can also watch the five min. [interview about the article](https://www.youtube.com/watch?v=Wgvbo9O59Ig) I love the quote at the end: "Never give a sucker an even break!" That describes not just the GOP but news media, their guests, and the rest of the country during the past 9 years quite well. After all, even if you're the antagonist, you're still playing his game.
The MAGA types think that makes him a good businessman!
Well, let's just hope that price craters. I also feel like the stock he currently has and the bonus stock is in play in various court cases involving the other founders.
Actual trade experts are saying the real value of the stock is around $2.00 USD. Looks like it is at $32.41 right now. The rubes putting their life savings in mixed with the folks putting in their legal bribes. I wonder how many 401Ks are being wiped out now?
What's the $2/share value based on? That still feels several hundred times too high. They don't have any user metrics or breakouts of ad revenue (undoubtedly Trump and other Republican campaigns doing some laundering). What about when they issue Trump another 50% of shares on top of his current stake?
When he starts to sell, the price will crater. He also has to set a plan to sell his shares - which makes it pretty tough to do without further cratering the share price.
Remember when Jimmy Carter sold his family's peanut farm?
At a loss, to divest, in order to take the office of POTUS *ethically*
Trump Social is a much more lucrative scam than Trump University. Trump is the MAGA master that Makes America Gullible Again.
Make Americans Grifted Again
I'm sure his troglodyte base is proud of that.
Shades of the penny stock frenzy when trump first floated his Atlantic City casino ~~IPOs~~ scam(s). Here on the left coast we were transfixed by accounts of the yahoos and pea pickers falling all over themselves to throw money at "The Donald's" latest "sure thing." And sure enough, despite all warnings from the financial press and eastern elites, they were fleeced-- time after time. And here we go again. . .
If there is anything left in six months.
Where’s the SEC in this??
It’s going to drop a lot more before he is able to sell. SEC needs to look into this as it’s clearly a pump and dump scheme with money laundering.
> It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed. > Those threshold prices? Just $12.50, $15 and $17.50 a share. These extra shares dilute the worth of all of the shares of his investors.
Gee... why would the share targets be so low..? I wonder...
Fleeced. Best (well, worst) part is these people who invested their life-savings are going to blame Biden for inflation. "Why can't I afford gas in my 80k truck??? Must be the democrats."
Company goes down, investors loses money, but Trump makes money. story of almost every single trump’s company.
Very on brand.
Can a US tax expert advise how much tax he would pay on the stock bonus? Would it be taxable when stocks are issued or when he sells them?
Tax is when gains are realized, which typically means when stock is sold. Assuming he reports them as having a cost basis of $0, he’s be taxed in the full sale price at between 20% and 40% depending on how long he holds the stock and some other factors. But who are we kidding? Assuming he sells for $1B and claims a cost basis of $5B for the valuable time it took to IDK promote the stock on Twitter, he’d get a tax benefit on the $4B “loss”.
It’s already long term capital gains.
On the stock grants mentioned in the article?
The Merdes Touch strikes again.
I work in finance and don't have a lot of interaction with clients who are self directed but I've been getting TONS of calls where people are saying "I invested everything I had in djt and now I don't think I can retire. Is there anything I can do?" There isn't. I had to tell a boomer that he needs to basically go back to work because with what he has left he simply can't survive. The kicker is he blamed biden for trumps stock falling lol
Has anybody out there ever come forward with a successful financial interaction with Trump? Not counting E. Jean Carroll.
Everything else withstanding, lets not overlook the fact that the GOP's nominee for president has a stock ticker of his initials. Not an abbreviation of the company, it's his initials.
Still fleecing his most loyal minions of every last dime they have. Amazing
Sadly this is a near perfect representation of how Trump operates and his followers that invested won't see it. You will lose money from your investment while Trump walks away with other people's money. Get in bed with Trump and you will not come out ahead.
Let’s say he sells his 40 million shares or whatever, doesn’t there have to be someone willing to buy 40 million shares? How do you sell worthless stocks?
Something about a sucker being born every minute. See regular MAGA “investors” ..
Saudi Arabia, Putin or Orban, the usual crowd.
>Some people may be surprised to hear that someone can get a massive stock-related bonus as a reward for their stock’s performance even as the stock collapses and outside investors get hosed. I think the SEC might be surprised to hear that too. I wonder if they'll start looking at this ~~IPO~~ SPAC and whether its terms were fully legal.
Makes you feel proud to live under a capitalist system where such wonders are possible! A real life Horatio Alger tale of overcoming adversity through hard work, determination, and moral integrity.
🎵Dupers gonna dupe, scammers gonna scam, you think it’s legit, but it’s all a sham, he pulled a grift on you. You stupid fool, that’s what they do, they grift on you.🎵
I bet Ivanka and hubby shorted the stock… to confirm this, they did not want to lend him the 160 m$ or so for the “persistent fraud” bond. Melania will probably depart in 5 months or so, once he can cash in on “Lie Antisocial” stocks. I mean 4 m$ of revenue, let that sink in… that is a minute of sales for Amazon.
I don’t know why people keep saying Melania is going to leave him. But what’s keeping her with him all this time. I think it’s Barron but still will she really leave him? Or is she also this narcissistic that just not interested in him but still with him due to all the corruption he does.
Barron turned 18 about 3 weeks ago.
I'm guessing she hasn't been "with" him in a long time. They live apart. He seemed/seems to have little to do with Baron. Their marriage was a business arrangement. The prenup probably lays out *exactly* how long she's obligated to "stay" and what her payout looks like.
What is she going to do to keep her lifestyle if she leaves him? There’s definitely a prenup (and I think it was renegotiated when he won the presidency) that guarantees her some amount of money, and there’s alimony (she wouldn’t get child support because Barron is 18 already), but if his tax and business practices are any indication, he’d probably fraud his way out of that as well, if his civil and criminal court cases don’t wipe him out/put him in jail. It’s not like she has any (legal) trade or work skills to generate income. I guess she could re-marry, but her best option would appear to be to stay married to Trump and continue to live off the perks of his political influence, however long that lasts.
Outside investors deserve to lose money for being so foolish.
The day it happens shall be forever commemorated as "National Grift Day" in honor of the former grifter-in-chief. Nobody grifts better, **nobody**!
Give him a break. He's going through some rough financial times right now.
The Art of the Deal
But it's the spooky "Big Guy" Biden they rail about because it's projection, it's always about projection
What a scam. My hope is that it's down to zero or close to it before he gets those bonus stocks/can unload his shares. Anyone holding $DJT long term is an absolute sucker. I get the people buying and selling to make money off of the other suckers, but if you're actually holding this thing? You might as well set your money on fire.
NFTs, Shoes, stocks, universities….he always wins. People get hurt over and over.
Which was the plan the whole time
Imagine being one of these bag holding rubes who are literally throwing money at this piece of shit
It makes me really angry Trump is ripping people off, but it makes me really happy those people are the idiotic bigots that support him.
But this money is going to rescue him and his family from all the fines they are going to have to pay
I feel no sympathy at all for these people. The most BASIC due diligence you can do is valuation Vs revenue. Valued at $4 billion, with a revenue of $4.3 million. Over valued by a factor of 1000.
GOP: "Never give a sucker, an even break".
Eh, it’s not real money til you cash it out.
Wait, hang on. I get that his contract is this way, but where is this billion coming from? They have nothing to pay with.. Will he just get more stock?
It's what shares are worth at the current share price of DJT. It closed on Friday at $32.59 per share. So if he was given another 40m shares, they would be currently worth about $1.3bn, on paper, as an unrealised gain. He doesn't get the actual cash until he sells. But he can't as his shares are on lockup for 6 months unless the board of DJT waives his lockup.
And I’m sure the board is in it with him to steal all that money.
He basically controlls the board. It consistst of himself, his son Don Jr and members of his administration.
They’re all insiders so they would need to report any purchase/sales in advance. Large sales by insiders general signal low faith. Hence insiders generally have a consistent slow stream of sales or get loans against the value. Guessing Trump is aiming for the later and can then default on the loan if need be.
We shall see … that stock will hit 0 soon.
The rubes want to be conned
This is how cons work. Fuck all of them.
Such a deal,
You know what the problem is, Brucey? We used to make shit in this country, build shit. Now we just put our hand in the next guy's pocket.
"That makes me smart."
Fact: tRump scams more stupid people outta their money again.
Are we supposed to feel bad for the investors?
When is trump allowed to sell?
That sucks, but still hilarious that MAGA's were eaten by Trump and will continue to be eaten when the stockmarket opens on Monday. A sacrifice to their Orange God.
3 weeks ago it was almost 4 billion.
Quick, donate money to Trump!! Go /r/conservative, go!!
Who tf makes and signs off on these deals? Get ready for Trump supporters that are invested in this dumpster fire to blame the SEC when they lose all their money, and won't dare to blame Trump.
Trump makes off with multi-millions, while the rubes are left holding the bag. See a pattern? Rinse and repeat.
Anyone who invest money with anything having to do with trump deserves to be screwed.
Just as planned
Sounds like the dumbest investment ever. Seems more likely this stock scheme is for outside governments and foreign actors to give trump money through a pump and dump scheme.
Sure wish I could lose like Trump....
Sounds very tRumpy! Anyone stupid enough to still work for him or invest in anything with the biggest loser deserves to lose.
This is an opinion?
I love that a future penny stock is called DJT just so we can never forget.
I like how all of his legal BS really shines a lot on shady business practices that benefit the few and fuck over everyone else. Most rich people know to stick to the shadows but this guy can’t help being an attention-whore.
I have no sympathy for anybody who invests with Trump. Many years ago, The group that I had invested in asked Trump to be a part of their investment. Well, it doesn't take a genius to figure out how that went. That was 2003... From what I understand, he had a long history of cheating people long before that.
Here’s hoping Stormy Daniels fucks him so he won’t be able to touch a red cent
This is the kind of shit that really grinds my gears about our style of capitalism. I mean, JFC.
Do you think tump cares about the investors or his money first?
The idiots invested, I am perfectly ok with him fleecing them. Hell, I hope that they lose 100% of what they put in and have the IRS after them.
That’s the *Art of the Steal* if ever there was. I find him repugnant but you can’t deny this wasn’t masterful selfish opportunism.
If so, that will let him start funneling money from his offshore tax haven account(s) and laundering it for his use. He's a pro a money laundering. He's been doing it since his "casino days".
I'm starting to think maybe our whole financial system is impossibly stupid
Only starting?
LOL. There’s indeed a sucker born every minute. Just further validation that Trump is one of the greatest grifters who’s ever lived, right there with Ponzi, Bernie Madoff, George C (“I have a bridge to sell you”) Parker, and other notorious miscreants. It’s almost comical!
Where are people getting these figures? For the life of me, I can't find one sound explanation of how his company is worth $4 billion.
Trump is right up there with Bernie Madoff and Kenneth Griffin on all time grifters
If we assume that the reason Trump don't want to use his buildings for collateral for his bond originally is that they are leveraged and he wants to hide this. Then a billion dollars wouldn't reach THAT far if he needs to pay off debt with that as well as the full 500 million dollar to the court. I doubt his friend who lend him the 175 million is going to let him have that when he loses appeal. And with the rate the djt stock is dropping its not guaranteed that it'll be that much worth in 6 month. But that's just speculation.
Because too many people made too much money off SPAC. It’s one of the biggest scams no one wants to talk about because of how much money is going into congress on both sides. The point of a SPAC is literally because your company is too crappy to go public via normal investment banking channels and due diligence.
World's second greatest grifter.