Still-open new million-share spigot from the convertible securities and contracts that are converting
Highly diluting “bonus” 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.)
“Do not wait. These storm clouds are not going to dissipate.” and “This teetering tower of negative issues is a perfect reason for a mass shareholder exodus.”
The point was only ever to funnel money into Trump’s pockets. A lot of people lost some, some lost a lot, but it was a successful operation to get that bastard some financial relief.
Unless the board (conveniently filled with his flunkies) votes to let him sell sooner. It seems like the best time to do that would have been a couple days after the IPO.
And nothing stops the company from using the ipo money to buy back shares, artificially creating demand exactly at the time Trump dumps his shares. If it’s anything like every other Trump venture the only goal is to funnel money to Trump.
Turns out Forbes was probably right when they called it 3 days ago with their article “Sell Trump Media Stock (DJT) Now - An Implosion Is Likely”. A few of their many criticisms:
The point was only ever to funnel money into Trump’s pockets. A lot of people lost some, some lost a lot, but it was a successful operation to get that bastard some financial relief.
Not yet. As part of the IPO, he can’t sell stock for 6 months. It being high at any point before that does nothing for him.
Unless the board (conveniently filled with his flunkies) votes to let him sell sooner. It seems like the best time to do that would have been a couple days after the IPO.
And nothing stops the company from using the ipo money to buy back shares, artificially creating demand exactly at the time Trump dumps his shares. If it’s anything like every other Trump venture the only goal is to funnel money to Trump.