'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.”'
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!
Nice. Especially as the lower valuations submitted for tax purposes will permit seizure of more assets. And encumbrances will also enter into the calculus. None of this matters to the cult, nor to the wealthy grifters remaining in the GOP, but fuck them and keep the chuckles coming.
Jeff, a great start for festival of Purim to all who celebrate. Personally I would enjoy a search of Bedminster, dig up Ivanas grave to see what other state secrets are buried. Let the games begin fellow travellers.
The fact that he has to reveal where is bond money is coming from is extra yummy. Is the Truth Social deal announced this morning too little too late? I’m scared to death he’ll weasel out of this. When the fat fuck says he has $500 million in cash that should be used against him I would think ! Still hoping for a massive coronary. ✌️
Communism in America? To be rightfully prosecuted for crime after crime is communism?
I think that what I have is worth a lot to me. I am not commiting fraud trying to get 50 times that for it. Trump pulled the worth zillions and not worth much crap for decades, not just recently. Trump Inc. has been a crime in progress since forever.
Trump's properties are worth a actual assessment minus what is owned on loans taken out on them. The loan institution would have the actual deed to the property.
The court should not allow Russian oligarchs to post the bond. Trump is guaranteed to try (and trying 24/7) any underhanded way to post the bond or get out of it.
Communism in America is what Trump and the Republicans promise. Trump as dictator, big business seized, all Social Security and military benefits stopped, millions of people "disappear", stores empty, unrest and killing in the streets.
OMG.. your wording is always hilariously spot on. Just to make things easy, house immigrants at the Westchester properties and homeless New Yorkers in Trump Tower. Also to make things easy, value all seized properties at what he valued them for tax purposes. It’s what the government has on record for property values and it’s also closer to accurate. By the way, I’m in NYS and want to know how the fuck I can choose the value of my property for tax purposes.
MAGA,Morons Always Going Apeshit,the GOP was a dying party anyway, thankfully Trump is hastening it's demise. History will remember 3 symbols of hate over the last 150 years,the Confederate flag,the swastika and a red hat...
Shit is getting real for Emperor Shitstain. This reminds me of Butch Cassidy and the Sundance Kid when they had the posse on them. Sundance asks Butch: "Who are these guys?" They're the descendants of Bass Reaves and they won't stop until they take you down. Have a fun weekend, Shitgibbon!!😆😆😂😂
Shareholders are expected to vote today on whether to merge publicly traded shell company Digital World Acquisition with Trump Media and Technology Group, the owner of former President Donald Trump's Truth Social platform. If approved, Trump Media could go public as soon as next week, more than doubling Trump's $2.6B net worth.
Digital World Acquisition is a special purpose acquisition company, or SPAC, valued at $1.6B. It proposed merging with Trump Media in October 2021, four months before Truth Social launched. DWA's shares have climbed 145% to $43 this year, with Trump's supporters bolstering its status as a meme stock—an equity that gains popularity through social media.
The deal values Truth Social at $6B despite its financial performance. Truth Social generated about $5M in sales and lost roughly $32M since launching. Trump would own nearly 60% of the combined entity; his wealth is projected to rise by $3.5B at current share prices, though he's restricted from selling shares for six months post-merger per deal provisions.
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
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!
Please tell me the chickens are coming home to fuck back.
Chicken Fucker 2: The Fuckening. Coming to a political party near you.
Nice. Especially as the lower valuations submitted for tax purposes will permit seizure of more assets. And encumbrances will also enter into the calculus. None of this matters to the cult, nor to the wealthy grifters remaining in the GOP, but fuck them and keep the chuckles coming.
Jeff, a great start for festival of Purim to all who celebrate. Personally I would enjoy a search of Bedminster, dig up Ivanas grave to see what other state secrets are buried. Let the games begin fellow travellers.
The fact that he has to reveal where is bond money is coming from is extra yummy. Is the Truth Social deal announced this morning too little too late? I’m scared to death he’ll weasel out of this. When the fat fuck says he has $500 million in cash that should be used against him I would think ! Still hoping for a massive coronary. ✌️
Communism in America? To be rightfully prosecuted for crime after crime is communism?
I think that what I have is worth a lot to me. I am not commiting fraud trying to get 50 times that for it. Trump pulled the worth zillions and not worth much crap for decades, not just recently. Trump Inc. has been a crime in progress since forever.
Trump's properties are worth a actual assessment minus what is owned on loans taken out on them. The loan institution would have the actual deed to the property.
The court should not allow Russian oligarchs to post the bond. Trump is guaranteed to try (and trying 24/7) any underhanded way to post the bond or get out of it.
Communism in America is what Trump and the Republicans promise. Trump as dictator, big business seized, all Social Security and military benefits stopped, millions of people "disappear", stores empty, unrest and killing in the streets.
I refuse to accept that.
The teflon Don is at it again - here's a headline from the NYT today: BREAKING NEWS
Donald Trump’s social media company merged with a cash-rich shell corporation, a move that raises his wealth by billions.
Mind you, he isn't supposed to pledge his shares as collateral, but he's probably got some dirt on the guys that can waive that restriction.....
https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.html?campaign_id=60&emc=edit_na_20240322&instance_id=0&nl=breaking-news&ref=cta®i_id=17197524&segment_id=161505&user_id=342d1b083b1abdfe9dd13b959760176f
This will be a hot, hot, hot summer. Not just the weather but two P01135809 trials. I have A/C and I make great lemonade.
DT’s new theme (400,000,000 hits): “IN HELL I’LL BE IN GOOD COMPANY”
https://www.youtube.com/watch?v=B9FzVhw8_bY&list=RDMM&index=5
“When you dance with the devil, the devil doesn't change. The devil changes you.” ― Amanda Hocking, My Blood Approves
OMG.. your wording is always hilariously spot on. Just to make things easy, house immigrants at the Westchester properties and homeless New Yorkers in Trump Tower. Also to make things easy, value all seized properties at what he valued them for tax purposes. It’s what the government has on record for property values and it’s also closer to accurate. By the way, I’m in NYS and want to know how the fuck I can choose the value of my property for tax purposes.
I live.
Have fun in court Bankrupt Donnie. Couldn't happen to nicer guy. Because a nicer guy wouldn't have FAFO like you did.
MAGA,Morons Always Going Apeshit,the GOP was a dying party anyway, thankfully Trump is hastening it's demise. History will remember 3 symbols of hate over the last 150 years,the Confederate flag,the swastika and a red hat...
Shit is getting real for Emperor Shitstain. This reminds me of Butch Cassidy and the Sundance Kid when they had the posse on them. Sundance asks Butch: "Who are these guys?" They're the descendants of Bass Reaves and they won't stop until they take you down. Have a fun weekend, Shitgibbon!!😆😆😂😂
♬ GOOD, GOOD, GOOD VIBRATIONS!♬
From 1440 Newsletter today:
Truth Social Merger
Shareholders are expected to vote today on whether to merge publicly traded shell company Digital World Acquisition with Trump Media and Technology Group, the owner of former President Donald Trump's Truth Social platform. If approved, Trump Media could go public as soon as next week, more than doubling Trump's $2.6B net worth.
Digital World Acquisition is a special purpose acquisition company, or SPAC, valued at $1.6B. It proposed merging with Trump Media in October 2021, four months before Truth Social launched. DWA's shares have climbed 145% to $43 this year, with Trump's supporters bolstering its status as a meme stock—an equity that gains popularity through social media.
The deal values Truth Social at $6B despite its financial performance. Truth Social generated about $5M in sales and lost roughly $32M since launching. Trump would own nearly 60% of the combined entity; his wealth is projected to rise by $3.5B at current share prices, though he's restricted from selling shares for six months post-merger per deal provisions.