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Trump Media/Truth Social and DWAC merge under the new ticker DJT...

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Mar 25, 2024.

  1. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Trump will be the majority share holder of "DJT". Seems like an easy way for foreign influence to funnel money to Trump, should he be president again. Look for the Saudi's to make a huge investment. Should be interesting because Trump media is broke and can't pay it's bills, and DWAC is just a shell company that also loses money, but together they are somehow worth $3 billion dollars ...

    Truth Social owner Trump Media to begin trading under DJT ticker (cnbc.com)
     
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  2. sierragator

    sierragator GC Hall of Fame

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    Comforting thought: a POTUS for sale to the highest bidder, especially if they are foreign.
     
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  3. mikemcd810

    mikemcd810 Premium Member

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    Legitimate question for anyone with experience in this area? How much can Trump realistically sell without completely tanking the share price? Would he likely have to arrange to sell through a private agreement instead of trying to sell on the open market?
     
  4. citygator

    citygator VIP Member

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    More inflated and made up valuations from a Trump organization. Surprise. It will temporarily be worth what people will pay for it so maybe he will get Trump fans to save him by paying for a worthless stock. I mean we are talking about people paying a couple hundred bucks for a AI generated Trump superman picture so maybe he makes out. However, truth social is worthless in my opinion - failed business model with a very undesirable user market for companies.
     
    • Agree Agree x 1
  5. NavyGator93

    NavyGator93 GC Hall of Fame

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    For all of Trump's faults, he can grift the crap out of stupid people. He has talent in that arena.
     
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  6. thom1507

    thom1507 All American

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    I'm not an expert, but I have stayed at a Holiday Inn express before. :)

    I didn't think he could sell any shares for six months due to lock up period for company insiders, unless something changed. After that, wouldn't he have to disclose every time he sold shares?
     
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  7. G8trGr8t

    G8trGr8t Premium Member

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    He found his people, all those unfairly victimized by ....fill in the blank....
     
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  8. G8trGr8t

    G8trGr8t Premium Member

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    He can get a waiver from the board, who is loyal to him and him alone, to sell
     
  9. G8tas

    G8tas GC Hall of Fame

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    And will figure out a way to avoid capital gains tax, the IRS will audit him then people like Oke will call it a witch hunt
     
  10. GatorNorth

    GatorNorth Premium Member Premium Member

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    DJT will be the next meme stock. There’s about $5 million in revenue (at most) to support a $5B valuation.
     
  11. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    So how exactly does one short a stock? Asking for a friend.
     
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  12. docspor

    docspor GC Hall of Fame

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    I would not recommend betting against the stupidity of Trump loving clowns.
     
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  13. VAg8r1

    VAg8r1 GC Hall of Fame

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    Just a guess but if I had to make a prediction DJT will follow a trajectory similar to that of the last company that Trump took public.
    upload_2024-3-25_21-27-30.jpeg
    Some more graphs illustrating the managerial skill of the stable genius.
    [​IMG][​IMG]
     
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  14. G8trGr8t

    G8trGr8t Premium Member

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    unless I'm mistaken, all the legal fees and likely judgements against him can be deducted over time but I'm no accountant. he's never going to pay taxes again
     
  15. G8trGr8t

    G8trGr8t Premium Member

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    I don't think it is going to last that long
     
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  16. higator85

    higator85 All American

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    Still no evidence he has (he’s still under audit so can’t share them, LOL). The NYT reported somewhere on a leaked partial return that he had a $1M NOL, presumably from his casino debacle.

    Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses (Published 2019)
     
  17. G8trGr8t

    G8trGr8t Premium Member

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    wow, more suckers than I thought. up 35% today after 14% fall yesterday. over 22M shares already vs average of 3.9M. just shocked that people smart enough to invest are actually buying into this meme stock that is sure to collapse. like playing the lottery I guess
     
  18. G8trGr8t

    G8trGr8t Premium Member

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    major investor in this is also a major investor in tiktok. he went down and met with djt right before djt changed his tune on TikTok. largest pub donor this year

    ‘Strange Coincidences’: NBC Reporter Tracks the Connections Between GOP Mega-Donor And Trump’s Latest Financial Windfall (msn.com)

    Ruhle, a veteran business reporter herself, asked Schwartz and Craig about the billionaires helping Trump and zeroed in on hedge fund manager Jeff Yass, who has been linked to both Trump’s flip-flop on TikTok and his ability to finally get the company behind Truth Social to be listed on the stock market.

    As the conversation continued, Ruhle asked Schwartz, “What do you make of this guy Jeff Yass? His involvement. Right. His investment firm is one of the biggest shareholders in this SPAC vehicle that’s being used to take DJT public. He’s also a huge investor in TikTok. And we all know Trump changed his tune on banning TikTok after he met with Yass in Florida. He’s the richest guy in Pennsylvania. What can you tell us?”

    “Well, you know, this is somebody that’s being, you know, really actively involved in Republican politics over the years. He’s given like $40 million this cycle and he’s the leading GOP donor,” Schwartz replied, adding:

    Meanwhile, you know, he keeps on putting themselves on what appears to be apparent coincidences in a variety of different things involved in the Republican Party and Donald Trump. Part of those millions that he’s been given to the GOP have gone to a group called the club for growth. Just actively pushing back on this TikTok bill. I you know, he’s an investor into ByteDance, meanwhile, the parent company of TikTok.

    And that, you know, at the same time, you know, Susquehanna International in December was at that point an investor into Digital World Acquisition, the company that really helped the Trump media business to become public. So it seems to be these strange coincidences that keep on coming up. When we talk to people near him, they always push back and they say, you know, Jeff Yass isn’t interested in dealing with these types of things. He’s more focused on education-related matters. But again, these things keep coming up. And at the very least it’s kind of odd. And it seems to be continuing a coincidence for a person who is giving millions of dollars to the Republican Party at this very time.
     
  19. G8trGr8t

    G8trGr8t Premium Member

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    is there anything stopping Putin or Xi or MBS from supporting the stock price long enough for DJT to cash out $1B + in shares before they quit buying and let it collapse. Seems too easy to pay the politician through this process. What check is in place to stop that from happening?
     
  20. WarDamnGator

    WarDamnGator GC Hall of Fame

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    That's what I'm thinking ... it seems too easy for foreign money to manipulate the stock price to Trump's benefit.

    If Trump wins, this stock may go through the roof ... if Trump loses, it will be a penny stock ... which is where it's financials suggest it should be ...
     
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