Blackvegetable » 24 minutes ago » wrote: ↑
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.
Fascinating analysis, Veghead, truly. So many accusations, so little actual substance. You’ve labeled it a "pump & dump," a "bust out," and financial fraud, all while waving around terms like you're speedrunning a Wall Street documentary.
So here’s a real question for you, if you’re done with the monologue:
What specific legal or regulatory violations are you alleging here? Because if you’re claiming it’s fraud, it’d be helpful to name which laws are being broken and how this differs—legally or structurally—from any other SPAC-backed media IPO with insider equity movements.
And remember: this is your OP, your claim, your time to shine. No turning it around, no “ask me why,” and no homework assignments for me. Just walk us through the mechanics of the “crude grift” in your own words, assuming you can.
Retarded Horse's view on women.
JohnEdgarSlowHorses » Today, 7:28 pm » wrote: ↑Today, 7:28 pm
- I LOVE IT WHEN A CRACK WHORE GETS BEAT UP Image
- I WANT TO WATCH YOU BEAT YOUR CRACK WHORE WIFE Image Image Image
- PUT THAT WIFE BEATER ON AND GET BUSY
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