TRUTH SOCIAL #PRAVDASOCIAL & Trump Media & Technology Group (TMTG) NASDAQ:DJT - SPAC Digital World Acquisition Corp

[Sam the Centipede]

Indeed! The adage "a fool and his money are soon parted" is almost a guiding principle for the Trump's brigade of clueless clowns.

I sometimes feel sympathy for victims of sophistcated scams targeting people's weak points, even when they should know better, but when nasty-minded folk greedily plunge into an obvious trap, screaming "it's not what it seems!", no. Screw them.

[RTH10260]

Yeah - it's a cult. Why buy now and expect the price to rise when it's clear from the get-go that Teh Donald will flood the market with his shares as soon as he legally can.

[Tiredretiredlawyer]

It’s a Hail Mary pass. They are going to save the stock and Amerikuh!

[tek]

This is a
The more money the rubes fans throw at $DJT, the less available for direct grifting.

[RTH10260]

$DJT ---> the Letters Of Indulgence of the 21st century

[Tiredretiredlawyer]

This is a
The more money the rubes fans throw at $DJT, the less available for direct grifting.

Does that mean it’s Schroedinger’s stock? In his left pocket or in his right pocket? Just took some drugs. This might not make sense.

[jcolvin2]

This is a
The more money the rubes fans throw at $DJT, the less available for direct grifting.

Does that mean it’s Schroedinger’s stock? In his left pocket or in his right pocket? Just took some drugs. This might not make sense.

At this point, Trump cannot sell the stock (of which I understand he owns 57%). Those who buy the stock are putting money in the pockets of those who can.

[Luke]

Wellllll, my understanding is that the board (which includes toadies like Don Jr.) could grant him a waiver on the lockup.

But, flooding all those shares will make the stock plunge even further. Unless he totally cashes out, what will be left will be decimated. However, that may be happening even without his selling shares. Flash forward to when the 6-month lockup ends... like near the election... and as Madeline Kahn said, "Everything below the waist is KAPUT". That's going to look soooo good to shareholders and voters. Note Root Beer's reaction in my profile photo -- that about covers it.

We'll know more when we find out what's up with his NY bond -- if the ripoff subsprime car loan dude's company is blown out, he may not have a choice.

It's all madness. And a

[Tiredretiredlawyer]

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[jcolvin2]

Wellllll, my understanding is that the board (which includes toadies like Don Jr.) could grant him a waiver on the lockup.

I agree that the board could grant a waiver of the lockup agreement, but I don’t think that eliminates the Rule 144 restrictions on sales by affiliates. Because Trump owns more than 10% of the stock in a public company, he is considered an affiliate.

In each QUARTER, affiliates can sell the GREATER of 1% of the outstanding stock or the average weekly trading volume over the prior four weeks. If the 1% limitation applied, Trump would have to dispose of the stock over 12 years (48 quarters) before he got out from under the affiliate restrictions, i.e. his stock ownership fell below 10%. If the trading volume is high, Trump could sell his shares somewhat sooner.

The trading volume relative to the total outstanding shares has been very high recently, averaging 8 million shares a day (compared to 136.7 million shares outstanding) over the last 10 days. If trading volume remains at that level (which I do not think is likely), Trump may be able to cash out much earlier, i.e., within a couple of quarters. Otherwise, Trump will have to sell over a longer time horizon. As you aptly point out, dumping a large percentage of the outstanding shares on the market will not maximize return, though it may allow Trump to capture some value before the stock retreats to where its fundamentals indicate it should be.

[Suranis]

I wonder if the appeals to maga to buy the stock are an attempt to propose he can get some value out of the stock in 6 months time.

I mean I can see him attempting it, but even he has to realise that won't last 6 months.

[RTH10260]

Wellllll, my understanding is that the board (which includes toadies like Don Jr.) could grant him a waiver on the lockup.

iirc none of the T clan is any longer in any capacity but shareholder on TMTG.

[tek]

Devin G. Nunes Chief Executive Officer and Director
Eric Swider Director
Donald J. Trump, Jr. Director
Kashyap “Kash” Patel Director
W. Kyle Green Independent Director
Robert Lighthizer Independent Director
Linda McMahon Independent Director

https://ir.tmtgcorp.com/corporate-gover ... directors/

[p0rtia]

https://wapo.st/4ayuwJl

free link

Small-time investors in Trump’s Truth Social reckon with stock collapse
Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faith
By Drew Harwell April 14, 2024

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

“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.”

[realist]

“I know good and well it’s in Trump’s hands, and he’s got plans,”

But it's not a cult.

[Luke]

Thanks for the details, jcolvin!

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Bring it on!





Though you'll have to compete with Kim and Melania... at "The Happiest Place on Earth" --

Luke Johnson @Orly_licious 18h
Replying to @marlene4719

Berghof-A-Lago*: "The Happiest Place on Earth"

melania.JPG (56.21 KiB) Viewed 520 times

Kim.JPG (59.35 KiB) Viewed 520 times

* Bonus points if you know what Berghof is.

[jcolvin2]

Marlene Robertson wrote:

We call them "fans" now?

Yes. You can find them on OnlyFans.

[Chilidog]

i has questions

IMG_1814.jpeg (77.96 KiB) Viewed 463 times

[Chilidog]

the new elvira/ cryptkeeper show really sucks.

IMG_1815.jpeg (79.16 KiB) Viewed 461 times

[northland10]

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[Dave from down under]

Her kidney operation was a bit one sided!

Just another reason for her to be unhappy
.. so sad :S

[Tiredretiredlawyer]

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[Ben-Prime]

Off Topic

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How good at you at her Empress Nympho (History of the World Part I), though? That's the real test.

[Luke]

[keith]

Off Topic

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How good at you at her Empress Nympho (History of the World Part I), though? That's the real test.

► Show Spoiler

My tits are falling off!