not so fast. even if the merger went through tomorrow,.....Trump, as a majority stakeholder,....wouldnt be able to sell his shares for 6 months.
and if that stock were to take a major dive within those 6 months.....he would be hip deep in more shit.
Trump : "no one will insure my $464M bond"
- Thread starter TEN
- Start date
and if that stock were to take a major dive within those 6 months.....he would be hip deep in more shit.
Bro I agree. However, the money you have in crypto is not insured. If someone stole everything in our portfolio, that money is gone. The point of my post was that there is more risk with Crypto than a traditional bank account.
Cac is u touchable . 3.5 Billion falls into his lap
Not true, there was a lawyer from the SD of NY on CNN who said he can file an appeal and have them release a portion of that aka 500 million and it will satisfy the debt.
Its not insured BUUUUUUT YOU ARE IN TOTAL control of your money, the two main rules in crypto
is DO YOUR HOMEWORK before you invest.. ANNNND.... IF IT AINT YO KEYS IT AINT YO CRYPTO,
keep yo cryp in a wallet with YO KEYS aint nobody touching shit bruh..
where your money becomes vulnerable is not paying attention to the address bar and using
a fake hacked site, or being fished and suckered out of giving away your passkeys..
the key is to know you NEVER give your passcode to anyone, its ONLY used to recover your wallet.
trust me, the banksters DO NOT WANT YOU TO HAVE THIS CONTROL, when the masses realize this
collectively, its a wrap....bruh when you really take a close look at banks, what they get away with is
fuckin criminal bruh.... as soon as you deposit that muthafucka in that bitch, they lending it out for
big interest rate numbers, but only giving YOU less than ONE percent for your OWN money,
they completely own it, YOUR MONEY......simply because nobody reads what they sign..
The provisions listed in that merger came with a "lockup provision".
Lockup provisions, which are common in SPAC deals, are intended to assure investors that major shareholders will not immediately cash out after a merger is complete. If a flood of restricted shares immediately hits the market, it could depress the stock price.
Digital World’s lockup provision also limits major shareholders from using the stock as collateral for a loan during that six-month period.
The only other ways he could possibly use his shares as collateral, would be to transfer it to a trust, or to family members, so he could use it as collateral on a loan. And if he wants the lockup provision completely wavied, then all of the other major stakeholders would have to agree to it.
But if im a major stakeholder....and i know that him selling off all his shares would drastically drop the stock price and fuck my money up......then i definitely wouldnt agree to that shit.
Wish I had as much confidence as you do. I agree all logic says it’s would unravel the core of this country and why it was founded “supposedly” to escape tyranny rule by an “emperor”
But I can’t help but feel they’re going to find some creative way to say Trump was in his rights considering x,y,z was happening and therefore he wasn’t trying to act as a tyrant but as a president trying to preserve the rule of law etc etc.
I was a unique situation…
Yes he can transfer $500 million worth of shares to a trust because he’s a majority shareholder which is what he will do. He wont touch the remaining 3 billion worth of shares not affecting shareholders too much . He can use that stock as collateral for a loan.
He better pray the deal goes thru before Monday......lol
You know it will, the system is set up to save him.
Exactly!
its not......Digital World is. And in January.....their shares rose from $17 to over $50 per share in less than 2 weeks.
i fuckin missed out on it too. It basically tripled the company's value.
Trump secured 79 million shares when it was around $10 per share back in 2021. The SEC had been holding up the deal since then with their investigation of the company.
Gotcha and that makes more sense. I haven’t touched active day trading this year.
$DWAC…
Cracker played chess.
Trump Media’s Impending Merger May Give Him a Financial Lifeline (Published 2024)
The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.www.nytimes.com
Evil genius
What’s interesting is how is the vote on March 22nd? Perfectly in-line with his deadline?
Did it get moved up?
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Shits crazy how all stops are being pulled out to save this cracka .
It's the type of real estate he owns not a statement about real estate in general. Trump owns property that very few buyers would want and it's very expensive.
You are abosolutely correct, crypto IS NOT INSURED, but money in general is NOT insured,
if you lose your wallet or get your money stolen, there is no insurance on that, but its YOUR MONEY,
banks cant tell you what to do with it, once its in their banks, you will need THEIR PERMISSION for YOUR money....
Not all the time, if fact you have people that specialize in retrieving lost or stolen crypto, as the
crypto world evolves so will its protection.. banks are playing their customers for suckers, and they know
crypto takes that power away from them...
and STAKING bruh...............its going to be the future way to stash yo money fo sho!!!
this doesn't get to market before the deadlineTrump Media’s Impending Merger May Give Him a Financial Lifeline (Published 2024)
The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.
the value of shares are undetermined
Trump doesn't have permission to access shares for 6 months
but if he does get permission to sell some shares- share value will still be subject to market forces
imo the ipo projections are wildly over valued
exactly
you might have misunderstood what the lawyer said
understand that this is a hail mary for trump
trump can ask permission to sell a portion of his shares earlier than 6 months but
1 trump will have to jump through hoops to get it approved
2 then there will still be restrictions based on any volitivity of trading value of shares
basically- will the market agree with the ipo's valuation
If this is the plan he's done. Right now he's probably still trying to figure out a work around similar to the Chubb Insurance bond.
That merger is on hold due to his partners suing him cause of his shady dealings. Apparently he tired to deprive them of a stake in the company, why is this even a surprise. That life line just got cut.
https://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/
Trump doesn't have to actually pay that money now, but he has to get a company to make a guarantee to the court that they will pay the money if he loses his appeal. That's the bond part.
But to get a bond, you have to put up assets, and in a court filing Monday Trump lawyers said they'd approached 30 companies but that getting a bond was a "practical impossibility," because they'd need a billion dollars in cash, which they don't have.
From an NPR article.
He can't even get the appeal if he doesn't put up the money that's gaining interest daily.
This was a very good breakdown.
Revisiting the whole Chump presidency, which exposed his corruption, lies particularly those of his wealth, made him an open target to lawsuits and indictments, the funniest thing that sticks out to me the most is that all of this originated the moment President Obama clowned and roasted Chump at that Washington Correspondent's Dinner back in 2011.
This has been 13 years in the making and I'm loving it.
Chump could have just taken a page out of Mike Tyson's playbook and "Fade in Bolivian"....instead the narcissist could not stop his ego from putting him on the path to ruining his name, country and burning it all down on the way to (possibly and hopefully) prison.
Barack was playing the long game. Thanks Obama!
This has been 13 years in the making and I'm loving it.
Chump could have just taken a page out of Mike Tyson's playbook and "Fade in Bolivian"....instead the narcissist could not stop his ego from putting him on the path to ruining his name, country and burning it all down on the way to (possibly and hopefully) prison.
Barack was playing the long game. Thanks Obama!
This shows failure after failure and they wonder why no rich donors are stepping up to help him. he won't be seeing those billions if the media merger even goes through. Got a feeling their about to look deep into it and the value if any is about to drop.
You have to believe there were some in his camp that tried to tell this Nigga, WTF are you doing??? His ego was so big he said fuck it....SMH
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