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

It may have hit that first wall I was talking about, it had a hard bounce up after being down 5 percent in the low thirties, and slowly drained that gain back out. Tomorrow will be interesting.

 

Down 6 percent again.

 

Pretty sure that is the end game. Only thing that makes sense in terms of valuation.

 

Trump sycophants thinking either Trump will make them rich or those trying to boost his net worth, or just be tied to one of his businesses make more sense.

As far as all the shares being locked, lower volume makes the stock more volatile, which is likely contributing to these huge swings.

and by the way, I said $30 was the magic number, it was down nearly 8 percent, hit 30 and bounced back up almost five percent from its low. So the tug of war probably ramps up now.

 

Only way that it makes anybody rich is corruption though. Most people with enough money to really buy shares in a company like this at any volume know that. I suspect that it is a combination of people wanting Trump to know they are shareholders (so that he does what they want if he is President again) and the possibility that some large-scale investor will enrich Trump for that purpose in the future and they can get in on it.

 

I am sure there are some large investors looking for influence, but in his base are talking about some of the same people who drank bleach because he told them it would cure Covid. There are millions who would buy a few shares just to say they owned something he did, or think it was the next google because he was involved.

 

And on queue, Trump begs his supporters to support it, couching it in his usual self serving “patriotic” garbage.

https://www.cnbc.com/2024/04/12/tru...or-truth-social-as-his-media-stock-tanks.html

 

Remember when Jimmy Carter put his peanut farm into a blind trust to avoid a conflict of interest?

 

Buy my product to show how much you love America.
Not sure the grift can get any more blatant. And yet ….

 

no worries, djt gets 36 million more shares as long as it stays above $15 for any 20 days after the opening.

Opinion: Trump on track for $1 billion bonus — while outside investors lose up to 50% - MarketWatch

At current prices, this bonus would be worth more than $1 billion.

It’s all in the fine print of the prospectus. Trump stands to get up to 36 million extra shares as long as the “dollar volume-weighted average price” of the DJT stock exceeds certain very low thresholds during pretty much any 20-day period after the IPO.

Those threshold prices? Just $12.50, $15 and $17.50 a share. Compare that to the actual share price, which has been as high as $79.38 and is now down to $31.

Critically, Trump will get the bonus even if the stock keeps sinking and outside investors keep losing money. His deal is based on the average price across 20 days, rather than the price at the end of the period. Even better for him: It isn’t even based on a simple average, but on an average price weighted toward the days with the biggest trading volumes.

 

This is how most of trump’s deals work. He paid himself millions and leased a big ‘ol jet with his name on it as his casino - where people stand in line to give you their money- went belly up and investors got pennies on the dollar for their trust.

And his supporters tout his business acumen as a reason they support him.

 

It is confounding how he is able to con people despite his legacy of fake charities, fake university, losing casino, business fraud, etc., and the people (Giuliani, et al) who have lost much more following him.

 

And by the way it worked, at least for today. After the bounce from 30, it made up the whole 8 percent it lost. Closed up marginally.

 

I still wouldn’t call it a con. Everyone was fully informed about the risk and lack of prospects they have. A fool and their money…

 

A lot of avg-asset, maga investors.


“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

“Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, “

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

You actually see that a lot with Ponzi scheme victims, they never stop believing, some even end up blaming the govt for busting the Ponzi scheme.

Not that this is a Ponzi scheme per-se, but the mentality of the “victims” sounds the same.

 

With all the shares Trump will have, the price can go to $1 and he will do just fine. But all the suckers who were lining up to pay $67 are going to be hurting.

And the MAGAts wonder why we think they are ignorant.

 

Fools and their money, soon parted. Getting all they deserve.