Trump getting humiliated at Biden event last night by him Obama and Clinton. The democrat coalition is quite strong, while Trump can barely get former cabinet members not to say he’s a clear and present danger to the country, nevermind torching bridges with Bush conservatives and Lincoln party and Romney types.
https://www.mediaite.com/news/biden-and-obama-torch-trump-at-blockbuster-26m-plus-fundraiser-with-stephen-colbert-old-and-out-of-shape/
Don Junior is on the Board, probably as the village idiot/token special needs.
Why is the 6 month rule in place in the first place .Was/is it some kind of a statutory requirement?
Who else is on the board and what are their voting rights?
Yes and you can google the other
In a town full of village idiots, he would be the village idiot.
It's extraordinary to think back on what Trump was like during COVID, but this seems beyond madness. This day 4 years ago, this ****er was bragging about his ****ing ratings, while people were dying.
Surely, holding a picture of this up to a supporter and asking "how the **** do you think this guy is suitable to lead anything, nevermind a country?" should be enough for them to shrug and say "you know what? You're right".
many people died, it is what it is, but at least many people were still watching me, I am great
That ignores the overlap between MAGA and COVID denying chuds. They seemed to love his dangerous, irresponsible rhetoric.
Indeed. That Venn Diagram would probably nearly look like a single circle. Along with another circle for those feral dimwits who would start to claim that this Tweet is a “Globalist Deep-Fake” and that Trump never said it.
Yeah , it's a fairly standard arrangement for IPOs - Essentially to prevent the "owners" doing a Pump and Dump and ditching all their stock on day one before bad news might come out post IPO.
$DJT meme stock
To prevent insider trading?
Anyone else prepared to be helpful? (I did try to google it but am not a google pin ball wizard)
https://ir.tmtgcorp.com/corporate-governance/board-of-directors/
Yes to prevent insider trading
a lot of DARVO happening there lol
A veritable whos who of MAGA Doormats and mouthpieces
So the IPO definitely didn't happen to get the glorious leader some cash. If a waiver happens, I wonder will the minions also get an out to sell early as six months is a long time to wait for such a crappy company to thread water for the lock up to end.
Anyone that wants to make money on it needs to get out very very soon as the price will not hold up for long.
I suspect like most things, Trump feels the rules don't apply to him and at the 1st available opportunity he will seek the waiver and dump the stock as it's money that matters to him. As soon as anyone with a lick of sense hears that the waiver is gone they will dump their stock too and the cascading impact will drive the stock down well into single digits.
Truth Social is basically a personal blog for him , the entire site has only ~500k monthly active users yet Trump has ~6M followers.
That means that at best less than 10% of his followers login even once a month to read his latest dribblings.
Him cashing out early and a subsequent price drop right before the election is risky, I'd like to think most people would see through that.
Do we know who the main investors are at this stage? From what I understand it's usually early investors/employees who hold some of the early stock, and mainly institutional investors who buy at the IPO?
Obviously these are all hoping the true believers pile in at some point so they can off-load the flaming bag of poop.
I guess anyone (apart from that collection) would be tempted to see how much they could get out of the initial and early valuation by fair or not so fair means.
Not that the option should be available but this is where we are.
I imagine they are all trying to find a way of disabling the waiver and hoping that the price will not drop precipitously before they have had a chance of liquidifying(?) their stakes .
What is the shortest gap they can engineer between the waiver and the sell off -and who would buy the shares ?Putin? Can he?
I highly doubt that there are many "institutional investors" involved.
$4M in annual revenue against $50M in losses with decreasing numbers of active users from an already pathetic ~600k/month
It's an absolute Turd of a company - It's a meme-stock and is being bought by day-traders and MAGA loons and not much else.
A few small shops might have jumped in and out on day one for a quick few dollars but beyond that it's nobodies.
The vast majority of the stock is held by Trump and the board and they can't sell for the moment.
What's holding the price up right now it the relatively low volume for shares available which gooses demand and the "meme-stock" effect.
The second Trump and the board can sell , they will and when that large volume gets released to the market , the stock price will tank.
The Stock is down again today which is the smart day traders taking their profits and running - That will continue.
The MAGAs will hold on until the end ,unless they decide to cash in to buy bibles..
I thought that there would be some institutional traders getting in just because it's a meme stock and there is potential to make money of the true believers.
For all the David v Goliath and taking down Wall Street nonsense about Game Stop I am sure there was plenty of hedge funds who saw what was happening and done very well of the people who thought they were sticking it to the man.
Perhaps , but only on the fringes - There isn't a big volume of shares available right now so even if a few trading desks are jumping in and out to make a few quid it's more likely that any large investor is shorting the stock as it will absolutely tank sooner rather than later.
Correctly predicting the day the price falls off the cliff is where the money is to be made here.
On The Take:
In fairness, markets aren't open today so dunno where youre getting your figures from for today but I'd expect a big drop when they open on monday at lunchtime
What is DJT apart from Tooth Social though? On their trading description they say
'The company is focused on developing a subscription-based video streaming service TMTG+ which intends to include access to non-woke entertainment'
you gotta laugh really
In further ETTD news, Giuliani pleads to keep his Florida condo as it's his podcasting base.
Though he claims creditors are accusing him of operating with “reckless abandon and improper judgment” in his attempt to hold onto the Florida property, Giuliani says he is “using sound business judgment” by acknowledging that one property must be sold while he keeps the other to “grow his broadcast income,” the motion states.Debtors should not be forced to sell property where there is a “valid business justification,” he argues.
Though he claims creditors are accusing him of operating with “reckless abandon and improper judgment” in his attempt to hold onto the Florida property, Giuliani says he is “using sound business judgment” by acknowledging that one property must be sold while he keeps the other to “grow his broadcast income,” the motion states.
Debtors should not be forced to sell property where there is a “valid business justification,” he argues.
“Once the New York apartment is sold, the debtor will need a place to operate the Podcast from if he is to earn any money therefrom, the only remaining location would be from the Florida Condominium. The debtor is actually saving money as he does not need to pay for and maintain both a Podcast studio and his residence in both New York City and Florida,” his attorneys wrote.In fact, they added, it was that income, and whatever future income he may earn, that would “only serve to benefit creditors.”
“Once the New York apartment is sold, the debtor will need a place to operate the Podcast from if he is to earn any money therefrom, the only remaining location would be from the Florida Condominium. The debtor is actually saving money as he does not need to pay for and maintain both a Podcast studio and his residence in both New York City and Florida,” his attorneys wrote.
In fact, they added, it was that income, and whatever future income he may earn, that would “only serve to benefit creditors.”
At this point, given the amounts that Giuliani owes, and still will even if there's an adjustment downward on appeal? (Unlikely).
Giuliani will be grifting until he dies, and even then? The coffin his buried in will be on credit.
Torched himself, his wealth and his reputation all immolated upon Trump's MAGA altar.
Biden ahead in latest head to head polls but behind if you factor in Kennedy and Green candidate. No way will Kennedy withdraw.
So its a case of looking at what states Kennedy is strong in.
A
I'd say the hedge funds and serious investors have shorted the absolute bejaysus out of $DJT and are going to be minted as the collapse in price happens. Wouldn't be at all surprised if Trump associates, GOP members and head MAGAs are also shorting it
Why can't he run his podcast from a starbucks like any other tiktoker?
Is that a poll of the whole country or the handful of states where the result is still in question?
Under the current U.S. system, the former doesn't really matter except for bragging rights and/or arguing to change the system to a simple majority.
Kennedy is only registered in something like 8 States as of now. He is still polling at about 10% which for a 3rd party candidate is huge he has no chance of winning and I doubt he will pull out of the race so he will have an impact in the election.
Kelly Ann is thinking of rejoining the trump team. Be like old times. !
