2 Apr 2025 10:51 am
A trust overseeing Donald Trump’s $2.1 billion stake in the media company that owns Truth Social is paving the way to cash in on its position, which for the past year has formed the bedrock of the president’s fortune.
Trump Media & Technology Group Corp. shares slumped as much as 9.4% before trimming losses Wednesday after the company filed on April 1 to register up to 142.5 million shares and warrants for sale.
The filing is the first step for the president’s trust, controlled by his son Donald Trump Jr.. to potentially sell down his entire 114.75 million share stake. It also registered millions of shares owned by the sponsor of the blank-check firm that merged with Trump Media to take it public last year.
Trump Trust Opens Door to Tap Anchor of His $4.9 Billion Fortune
https://www.bloomberg.com/news/articles ... edia-stake
This is a combination of a bust out and pump&dump.
Arguably the only asset of Grifty Media is Grifty....but he's difficult to monetize at a scale sufficient to justify Trump Media's valuation.
So the trick is to yank the equity out the back door before investors realize that they bought into nothing.
If you engage in financial fraud like this, NFTs, and meme coins...and you're brazen enough, you make headlines and billions. If you've appointed lackeys to "regulate" the various markets in which you operate, you can siphon MAGAtRube's money all day - with impunity.
A further benefit is that you can hand out pieces to even more prospective appointees to keep them true to your "cause".
It's a crude grift, but their pigeons are remarkably stupid....and fecund.
Trump Media & Technology Group Corp. shares slumped as much as 9.4% before trimming losses Wednesday after the company filed on April 1 to register up to 142.5 million shares and warrants for sale.
The filing is the first step for the president’s trust, controlled by his son Donald Trump Jr.. to potentially sell down his entire 114.75 million share stake. It also registered millions of shares owned by the sponsor of the blank-check firm that merged with Trump Media to take it public last year.
Trump Trust Opens Door to Tap Anchor of His $4.9 Billion Fortune
https://www.bloomberg.com/news/articles ... edia-stake
This is a combination of a bust out and pump&dump.
Arguably the only asset of Grifty Media is Grifty....but he's difficult to monetize at a scale sufficient to justify Trump Media's valuation.
So the trick is to yank the equity out the back door before investors realize that they bought into nothing.
If you engage in financial fraud like this, NFTs, and meme coins...and you're brazen enough, you make headlines and billions. If you've appointed lackeys to "regulate" the various markets in which you operate, you can siphon MAGAtRube's money all day - with impunity.
A further benefit is that you can hand out pieces to even more prospective appointees to keep them true to your "cause".
It's a crude grift, but their pigeons are remarkably stupid....and fecund.