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Jeff Tiedrich's avatar

from CNN on this merger thing:

'The bad news for Trump is that this stake is not as liquid as it sounds. Those paper gains would be very difficult for Trump to translate to actual cash.

In fact, Trump’s shares in this company are in many ways even less liquid than his real estate holdings, according to Charles Whitehead, a law professor at Cornell Law School.

First, experts say the market is drastically overvaluing Trump Media based on the company’s fundamentals.

That means Trump would have a hard time dumping the stock or even pledging it as collateral.

“The stock price is clearly a bubble,” Yale law professor Jonathan Macey told CNN. “No rational investor would take the stock at face value, especially if they had to hold it for any length of time.”'

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares?cid=ios_app

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Charlotte Thompson's avatar

How delicious that all three of the individuals mentioned in today's post are black. That alone should really burn his racist ass. As Jeff said, "tick tock." Somebody start popping that corn!

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