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Two Days After Getting Hit With BS Fine of $350 Million, Trump Media's Merger with DWAC Gets Regulatory Nod. Trump Could Get a Stake Worth $4 Billion

GunsOfFrankEaton said:
Merger approved.

$3.5 billion likely incoming for Trump and MAGA.

Probably enough to take care of those pesky little fines.

thehill.com

Truth Social merger approved, giving Trump potential source of cash

Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by former President Trump, teeing up its stock market debut and a potential …
thehill.com thehill.com
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Unless IPO rules adopted are changed by the BOD of DWAC, Trump will have to hold his shares for six months before selling. Frankly this looks like a scheme of some sort (probably to find a way to funnel cash to Trump that is not a political contribution) because Truth Social has never generated much revenue or attracted a lot of users. I sure wouldn't put any of my money into it.

Trump is going to have to post bond on the NY civil fraud matter although the NY appeals court sent him a lifeline today lowering the requirement to $175 million and giving him another 10 days.
 
O-State1974 said:
Unless IPO rules adopted are changed by the BOD of DWAC, Trump will have to hold his shares for six months before selling. Frankly this looks like a scheme of some sort (probably to find a way to funnel cash to Trump that is not a political contribution) because Truth Social has never generated much revenue or attracted a lot of users. I sure wouldn't put any of my money into it.

Trump is going to have to post bond on the NY civil fraud matter although the NY appeals court sent him a lifeline today lowering the requirement to $175 million and giving him another 10 days.
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Gave him a lifeline by lowered his fine to 175 million dollars for paying his bills? What it says to me is even the corrupt Democrat controlled Appeals Court realizes how ridiculous the case and the fine is.
 
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O-State1974 said:
Unless IPO rules adopted are changed by the BOD of DWAC, Trump will have to hold his shares for six months before selling. Frankly this looks like a scheme of some sort (probably to find a way to funnel cash to Trump that is not a political contribution) because Truth Social has never generated much revenue or attracted a lot of users. I sure wouldn't put any of my money into it.

Trump is going to have to post bond on the NY civil fraud matter although the NY appeals court sent him a lifeline today lowering the requirement to $175 million and giving him another 10 days.
Click to expand...
While I don't disagree with your analysis on the company economically, DJT is the ultimate meme stock, and you'd have to be suicidal to short it. I may buy a small position just for that possibility.
 
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GJjpjcVXcAAZGK7
 
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aix_xpert said:
While I don't disagree with your analysis on the company economically, DJT is the ultimate meme stock, and you'd have to be suicidal to short it. I may buy a small position just for that possibility.
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It’s your money. People stood in line to get shares in his casino IPO but wound up holding the bag.
 
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LAY THE WOODY said:
New York is trying to offset the cost of all them buses at Trump's expense.
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Trump is not a member of the Boy's Club. Trump beat the Club champion in a presidential election. It cost Mark Zuckerberg $400 million to seal a victory for our current illegitimate PINO (President In Name Only) member of the Club. $400 million in stuffed overnight drop boxes after Trump had won a second term.
 
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aix_xpert said:
While I don't disagree with your analysis on the company economically, DJT is the ultimate meme stock, and you'd have to be suicidal to short it. I may buy a small position just for that possibility.
Click to expand...

Meme stocks eventually fall apart. Look at GME and AMC. If the fundamentals aren’t there, this will be back down in weeks. I’d ride it and sell it. But what a great way to get funding from anyone in the world. Pretty smart.
 
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