TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
- Volkonski
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
A 9% drop in only 30 minutes.
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
At this rate it's going to be around $10 by the end of the week
Philly Boondoggle
- Flatpoint High
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
as of this poast:
castigat ridendo mores.
VELOCIUS QUAM ASPARAGI COQUANTUR
VELOCIUS QUAM ASPARAGI COQUANTUR
- Luke
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Nice start for the week. Made it to that nice round 10%.
If you're short.
#TruthSocial #CRASH: 4/8/24 $DJT DOWN ANOTHER 10% to $36.52. Brutal for Trump #Marks. Stock price lacks both fundamental and technical support. Trump Media's revenue is just $4M, a $MCD franchise. Original opening price: $49.90. High: $79.38 on March 26. #PravdaSocial #ZeroValue
If you're short.
#TruthSocial #CRASH: 4/8/24 $DJT DOWN ANOTHER 10% to $36.52. Brutal for Trump #Marks. Stock price lacks both fundamental and technical support. Trump Media's revenue is just $4M, a $MCD franchise. Original opening price: $49.90. High: $79.38 on March 26. #PravdaSocial #ZeroValue
Lt Root Beer of the Mighty 699th. Fogbow s titular Mama June in Fogbow's Favourite Show™ Mama June: From Not To Hot! Fogbow's Theme Song™ Edith Massey's "I Got The Evidence!" https://www.youtube.com/watch?v=C5jDHZd0JAg
- RTH10260
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
MTN Ben Meiselas points out to strange legalese of the TMTG Corporation website:
https://ir.tmtgcorp.com/terms-conditions/
https://ir.tmtgcorp.com/terms-conditions/
General
The Company operates and maintains this internet site for purposes of providing information, guidance and assistance to its visitors, free of charge.
Governing Law and Jurisdiction
These Terms and Conditions of Use shall be governed by the laws and subject to the jurisdiction of the courts of the Republic of Argentina. Any dispute between The Company and its Affiliates in relation to the Website shall be submitted to the competent National Ordinary Courts of the Federal Capital, expressly waiving any other venue or jurisdiction that might be applicable.
- Volkonski
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
34.95
After holding steady yesterday DJT stock has resumed falling in price this morning.
After holding steady yesterday DJT stock has resumed falling in price this morning.
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
You don't think the laws of the Republic of Argentina will give your investment adequate protection? How peculiar or you.
[/snark}
[/snark}
Hic sunt dracones
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
I love some tasty schadenfreude snacks daily. Keep dropping; it's delicious!
Do the right thing. It will gratify some people and astonish the rest. - Mark Twain
- Volkonski
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
33.51
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
I hope it's in the 20s Monday in time for him to be all pissy at the first day of trial.
Do the right thing. It will gratify some people and astonish the rest. - Mark Twain
- Luke
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Update: Broke through $34. $33.99 -$3.48 (-9.27%)Luke Johnson @Orly_licious
4/10/24 #TruthSocial #CRASH: $DJT DOWN ANOTHER 10% to $34.08 Brutal for Trump #Marks. Stock price lacks both fundamental & technical support. Trump Media's revenue is just $4M, a $MCD franchise. Original opening price: $49.90. High: $79.38 on Mar 26. #PravdaSocial #ZeroValue
I hope JPC put in a STOP LOSS!
Lt Root Beer of the Mighty 699th. Fogbow s titular Mama June in Fogbow's Favourite Show™ Mama June: From Not To Hot! Fogbow's Theme Song™ Edith Massey's "I Got The Evidence!" https://www.youtube.com/watch?v=C5jDHZd0JAg
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Closing at 34.26.
What will the future bring???
What will the future bring???
- Flatpoint High
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Donnie trying to sue to recoup his loss?
castigat ridendo mores.
VELOCIUS QUAM ASPARAGI COQUANTUR
VELOCIUS QUAM ASPARAGI COQUANTUR
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Honestly, I have no idea if he is screaming about it, but the fact no-on is pointing out he is screaming about it says that he has already gotten his money out and therefore he thinks he is Alphamale and does not care. Just like with Atlantic city. The whole thing flopped, but he creamed off a few million from it so it meant he was Smert and a Winnar.
Hic sunt dracones
- Flatpoint High
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
He's locked in until October.Suranis wrote: ↑Wed Apr 10, 2024 4:38 pm Honestly, I have no idea if he is screaming about it, but the fact no-on is pointing out he is screaming about it says that he has already gotten his money out and therefore he thinks he is Alphamale and does not care. Just like with Atlantic city. The whole thing flopped, but he creamed off a few million from it so it meant he was Smert and a Winnar.
castigat ridendo mores.
VELOCIUS QUAM ASPARAGI COQUANTUR
VELOCIUS QUAM ASPARAGI COQUANTUR
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
I know that, which is why I'm wondering why he is so quiet about it. It's probably something highly illegal and unethical, and people will be shocked that he would do it.
Hic sunt dracones
- raison de arizona
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
https://washingtonpress.com/2024/04/10/ ... -sell-off/DUMPING: TruthSocial co-founders seek permission early sell-off
TruthSocial, the social media site the former president retreated to when he was kicked off mainstream options, is struggling after going public.
The DJT stock, representing Donald Trump’s media company, is still falling precipitously, and the news could get even worse for the former president. Currently, there’s a rule in place that prevents him from selling his own shares, and that also applies to some other early investors in the failing company.
Two co-founders, Wesley Moss and Andrew Litinsky, who say they initially pitched the idea of the site to Trump — then claim that they got cheated on stock shares — are now seeking to escape their connection to that investment. They had already filed a lawsuit, claiming that Trump cheapened the value of the shares they took as compensation instead of a paycheck.
Now they say they should be permitted to sell the stock before the pre-arranged 6-month mark, the same point at which Trump is allowed to dump his shares. Barron’s reports:Trump also countersued to demand that they surrender the stock they own, blaming them for the delays in taking the site public. The two co-founders seek an injunction to stop that lawsuit.Barron's wrote:“In the latest development Moss and Litinsky have now amended their lawsuit to also seek to be able to sell their shares in Trump Media ahead of the expiration of a six-month lockup period.”
It seems the two disgruntled partners are now willing to be rid of the stock, but “co-founders seeking permission to sell their shares” is not a great look for a company, and could drive the value even lower, both directly (if they receive permission to sell) and indirectly, by scaring off other investors.
Trump’s company is making that argument in response to the filing. Newsweek reported:Trump’s dropping stock price has already cost him, with the merger first placing him on the Bloomberg 500 list, then the drop in value removing him from it again.Newsweek wrote:“Attorneys for Trump Media argued that the enforcement of share lockups is a standard practice in transactions involving companies like Digital World Acquisition Corp (DWAC), the report said, and that permitting the co-founders to sell off their shares prematurely would negatively impact both the company and its other shareholders.”
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
I’d be devastated if my shares in a basically worthless company were currently valued at only about 2.7 billion dollars.
If you can't lie to yourself, who can you lie to?
- keith
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
I have no doubt what so ever that this is the case. It is the only way he knows how to "do business".Suranis wrote: ↑Wed Apr 10, 2024 4:38 pm Honestly, I have no idea if he is screaming about it, but the fact no-on is pointing out he is screaming about it says that he has already gotten his money out and therefore he thinks he is Alphamale and does not care. Just like with Atlantic city. The whole thing flopped, but he creamed off a few million from it so it meant he was Smert and a Winnar.
Be assured that a walk through the ocean of most souls Would scarcely get your feet wet
- Ben-Prime
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Those co-founders should agree to sell him their stock at whatever price it was the day his lawsuit was filed. Then it's win-win, right?
But the sunshine aye shall light the sky,
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
As round and round we run;
And the truth shall ever come uppermost,
And justice shall be done.
- Charles Mackay, "Eternal Justice"
- Foggy
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TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Such a deal. Why, long after Trump is dead and gone, Truth Social is pining for the fjords, and the MAGAt movement is buried and stinkin', you'll still be able to sell those DJT stock certificates for three or four bucks at a garage sale in Louisiana or someplace. Hold that investment for the future!!
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
Thinking that Trump can unload all of his stock when the lock-up period expires ignores the SEC Rule 144 securities law restrictions imposed on persons who are considered "affiliates" of a company. Ordinarily, those who own more than 10% of a public company are considered affiliates. I understand that Trump owns 57% of the company.
With respect to sales on the market, an affiliate is subject to volume limitations: in each quarter, no more than the greater of (1) one percent of the total outstanding shares of the security; or (2) the average weekly trading volume of the security during the preceding four weeks, can be sold in the market.
Assuming the average weekly trading volume limitation did not apply, it would take Trump 12 years (48 quarters) of selling 1% of his stock each quarter to get down below 10% (where he would not longer be an affiliate). As TMTG is a weird meme stock with lots of sales activity relative to ordinary indicators of value, the alternative trading volume test might let Trump sell his shares somewhat quicker, but we are likely looking at a likely time horizon of several years.
TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp
And ... well, I'm no expert on stock markets, but if Trump dumps the maximum he's allowed at the first opportunity, would that be viewed as a positive development leading to a higher share price?
- northland10
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