Trump unable to get $464m bond in New York fraud case, his lawyers say

[herfiehandbag]

1 hour ago, bamnutsak said:

 

 

Some activities have moved this closer, but not over the finish line, to fruition. Many expect trump to present this option dramatically on Sunday evening.

 

Trump social media company will go public as DWAC shareholders approve merger

 

The potential windfall for Trump, while massive, could not be immediately realized, at least not under the deal’s current terms. Trump will be barred from selling shares in the merged company for at least six months, and there is no guarantee Trump Media shares will maintain the trading price level that DWAC did before the merger.

 

It is possible that the board of directors could vote to allow Trump to sell shares earlier than that. And that board could be stocked with people close to Trump, including his son Donald Trump Jr., former wrestling company executive Linda McMahon and Trump’s former trade representative Robert Lighthizer, according to a list of planned nominees.

 

If the board signed off on lifting the share lockup period, that could quickly free up a large source of cash for Trump, who is the presumptive Republican presidential nominee this year.

 

https://www.cnbc.com/2024/03/22/trump-could-net-3-billion-from-dwac-social-media-merger-vote.html

 

 

https://www.youtube.com/watch?v=Yf8kQGVWdps

 

 

As far as I can understand, this undertaking has in the last year had revenues of 4 million USD and made a loss of 40 million USD.

It's share values have gone up massively in recent months, driven almost exclusively by small investors in the MAGA camp.

 

Now if Trump cashes in immediately and realises the suggested 3 billion USD he will have to move quickly, if the board allows him to do so, as the value of the shares will plummet!

 

It seems a scam, at the very least

manipulation of the stock values. Now I know very little about the laws and rules governing such matters, but it looks to me like a "steal". Are there not regulations in place to prevent this practice?

 

as for using that money to put up the bond, Monday is the deadline, so if it isn't done by close of play Monday it will be in vain. I don't think that the New York courts will accept a "Billy Bunter filing" - "I say you fellows, I haven't got the cash just now but I will have the postal order any day now!"

[G_Money]

46 minutes ago, stevenl said:

"We sincerely want to know your perspective."

Who is 'we'.

 

I sincerely don't believe you sincerely want to know.

“We” are the distinguished members of the thread.  Even with our differences.  I accept it.  Why can’t you?

Imagine how boring these threads would be if we all thought alike.

 

You’re thinking too mutt.  Stick with the words of my post.

[jerrymahoney]

13 hours ago, herfiehandbag said:

 

It seems a scam, at the very least

Maybe. But it hasn't escaped the SEC's attention:

 

Investors greenlight Trump’s $5.7 billion Truth Social deal

March 23, 202410:59 PM GMT+7Updated 9 hours ago

 

https://www.reuters.com/markets/deals/investors-greenlight-trumps-6-billion-social-media-deal-2024-03-22/

 

Since 2021, the deal has faced setbacks and delays. Digital World has been a target of investigations by the U.S. Department of Justice and the Securities and Exchange Commission (SEC), ousted Orlando as its chief executive, and shook up its board.

In July, Digital World reached an $18-million settlement with the SEC, which said Digital World misled investors by failing to disclose in filings that it had formulated a plan to acquire TMTG and was pursuing the acquisition before Digital World’s initial public offering.

 

 

[metisdead]

Off topic troll posts and the replies contravening our Community Standards have been removed.

[LosLobo]

14 hours ago, herfiehandbag said:

It seems a scam, at the very least

manipulation of the stock values. Now I know very little about the laws and rules governing such matters, but it looks to me like a "steal". 

 

It's not like Trump hasn't scammed investors before.......

Last time a Trump company went public it didn't go well for investors

'Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.
 

Donald Trump’s social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange.
 

That previous, decades-ago experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion and ended up in bankruptcy'.
 

The last time a Trump company went public it didn't go well for investors (nbcnews.com)

[jerrymahoney]

10 minutes ago, LosLobo said:

It's not like Trump hasn't scammed investors before.......

Well that's their problem.

 

Once the merger is complete, Digital World’s roughly 400,000 shareholders — most of them individual investors — will become stockholders of Trump Media. And many of Digital World’s shareholders have long been boosters of the stock — and Mr. Trump — on Truth Social. Beginning in January, as Mr. Trump got closer to securing the Republican nomination and as the deal’s likelihood of approval grew stronger, shares of Digital World soared, rising more than 140 percent this year, making the former president’s stake ever more valuable.

 

https://www.nytimes.com/2024/03/21/business/trump-truth-social-merger.html

[thaibeachlovers]

On 3/22/2024 at 6:09 PM, Berkshire said:

Every single piece of this "evidence" that you speak of, when further investigated, revealed that it was nonsensical cr*p.  I can't believe anyone still believes this stuff.  Surely, if true evidence were out there--along with whoever was responsible--the right wing media would be all over it.  After 3+ years, still nothing.

If the media won't publish it it doesn't mean that the evidence doesn't exist.

[LosLobo]

1 hour ago, jerrymahoney said:

Well that's their problem.

Beginning in January, as Mr. Trump got closer to securing the Republican nomination and as the deal’s likelihood of approval grew stronger, shares of Digital World soared, rising more than 140 percent this year, making the former president’s stake ever more valuable.

 

https://www.nytimes.com/2024/03/21/business/trump-truth-social-merger.html

Maybe now DJT shareholders as well.
 

'Shares of Digital World soared, rising more than 140 percent this year'.

Maybe not so much since liability Trump became their only asset.

DWAC stock shares close nearly 14% down after Trump social media merger announcement.

 

'But the value of his forthcoming shares will be lower if the newly designated stock does not return to its opening price from Friday morning.'

 

A total of 11% of the tradable shares of DWAC are being sold short, FactSet data shows.

This means investors holding these positions are betting the price will fall before they have to buy the shares back and return them to the entities who loaned the shares to them'.

 

https://www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html
 

[LosLobo]

25 minutes ago, thaibeachlovers said:

If the media won't publish it it doesn't mean that the evidence doesn't exist.

And conversely as with Fox News, if the media will publish it, it doesn't mean that the evidence does exist.

I have even included your preferred reliable source....

Fox and Dominion settle for $787.5m in defamation lawsuit over US election lies | Fox News-Dominion case | The Guardian

What the Dominion lawsuit revealed about Fox News and what’s next | Media News | Al Jazeera
 

[G_Money]

1 hour ago, LosLobo said:

 

It's not like Trump hasn't scammed investors before.......

Last time a Trump company went public it didn't go well for investors

'Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.
 

Donald Trump’s social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange.
 

That previous, decades-ago experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion and ended up in bankruptcy'.
 

The last time a Trump company went public it didn't go well for investors (nbcnews.com)

That’s the risk investors take when investing.

 

No one puts a gun to their head forcing them to “write the check “.

 

My portfolio lost over 100k in the first 21/2 years under Biden.

 

Can I blame Biden?

 

Past performance does not guarantee future performance. 

[jerrymahoney]

37 minutes ago, LosLobo said:

Maybe now DJT shareholders as well.

Like I said that's their problem. The only thing at issue here it seems to me is whether the new Trump shares will factor into the issuance of an appeal bond before 'sundown' MON.

[gargamon]

25 minutes ago, jerrymahoney said:

Like I said that's their problem. The only thing at issue here it seems to me is whether the new Trump shares will factor into the issuance of an appeal bond before 'sundown' MON.

Sorry to burst your bubble(oooh, that's a lie) but Trump has no access to sell those shares until 6 months after the IPO. Maybe be can get someone to give him money for future access to the shares but with Trump's history of failed IPOs that's doubtful. 

[jerrymahoney]

9 minutes ago, gargamon said:

Sorry to burst your bubble(oooh, that's a lie) but Trump has no access to sell those shares until 6 months after the IPO. Maybe be can get someone to give him money for future access to the shares but with Trump's history of failed IPOs that's doubtful. 

Ain't my bubble.

 

Mr. Trump could also obtain the board’s blessing to transfer his shares into a trust, or give them to a family member as a gift. By placing them in a trust, Mr. Trump would be able to use the shares as collateral for a loan; a family member, too, could borrow against those shares.

 

https://www.nytimes.com/2024/03/21/business/trump-truth-social-merger.html

[Danderman123]

1 hour ago, G_Money said:

 

My portfolio lost over 100k in the first 21/2 years under Biden.

 

Can I blame Biden?

 

 

Losing money during the greatest bull market in history is entirely your fault.

[G_Money]

11 minutes ago, Danderman123 said:

Losing money during the greatest bull market in history is entirely your fault.

The first 2 and half years of Biden’s presidency was not a bull market.

 

Check your stats again 

 

I’ve made it back, of course but the point I was making is invest at your own risk.

 

Hard concept for you to understand.  
 

I didn’t blame it on Global Warming.

[Danderman123]

3 minutes ago, G_Money said:

The first 2 and half years of Biden’s presidency was not a bull market.

 

Check your stats again 

Except for a short dip, the market has been good under Biden.

[gargamon]

Stock Market Performance by President

https://www.macrotrends.net/2481/stock-market-performance-by-president

 

 

[G_Money]

18 minutes ago, Danderman123 said:

Except for a short dip, the market has been good under Biden.

 Agree. That’s today.

 

A few years ago not so much 

[impulse]

28 minutes ago, G_Money said:

 Agree. That’s today.

 

A few years ago not so much 

Yeah. It's amazing what dumping a few more $trillion of our kids' money can do for a short term bump.

 

To convince the peasants they're better off, though they can't afford food, fuel, or rent. Much less a mortgage. 

 

Just out of curiosity,  how many square feet can $39,476 buy, given current home prices and mortgage rates, compared to how much the same portfolio would buy under the bad orange man?

 

Or closer to home, how many Big Macs or pounds of beef?

 

[G_Money]

58 minutes ago, gargamon said:

Stock Market Performance by President

https://www.macrotrends.net/2481/stock-market-performance-by-president

 

 

Biden is low man on the totem pole.

[candide]

1 hour ago, gargamon said:

Stock Market Performance by President

https://www.macrotrends.net/2481/stock-market-performance-by-president

 

 

So it's currently over the market performance growth under Trump at the same time. Thanks for the information! 😀

[CharlieH]

Reported troll comment and response to it removed.

[Dolf]

22 minutes ago, candide said:

So it's currently over the market performance growth under Trump at the same time. Thanks for the information! 😀

How ignorant can one be? The dip was due to covid.

[earlinclaifornia]

Broke Don is the latest reckoning. 

[Chomper Higgot]

21 hours ago, herfiehandbag said:

As far as I can understand, this undertaking has in the last year had revenues of 4 million USD and made a loss of 40 million USD.

It's share values have gone up massively in recent months, driven almost exclusively by small investors in the MAGA camp.

 

Now if Trump cashes in immediately and realises the suggested 3 billion USD he will have to move quickly, if the board allows him to do so, as the value of the shares will plummet!

 

It seems a scam, at the very least

manipulation of the stock values. Now I know very little about the laws and rules governing such matters, but it looks to me like a "steal". Are there not regulations in place to prevent this practice?

 

as for using that money to put up the bond, Monday is the deadline, so if it isn't done by close of play Monday it will be in vain. I don't think that the New York courts will accept a "Billy Bunter filing" - "I say you fellows, I haven't got the cash just now but I will have the postal order any day now!"

You might recall the noise over real user / bot counts in the run up to Musk using Saudi money to buy Twitter.

 
Well here’s a thing. ‘Truth Social’ does not publish any verifiable data on user numbers whatsoever.

 
So investors are left to believe a value that has no basis in reality.

 

Once again MAGA are his marks.

[candide]

2 hours ago, Dolf said:

How ignorant can one be? The dip was due to covid.

Si now you are acknowledging that there is an impact of the pandemic on the economy? It's nice to know it.

[Danderman123]

6 hours ago, Dolf said:

How ignorant can one be? The dip was due to covid.

Didn't your man Trump say Covid would go away in a couple of months?

[Danderman123]

7 hours ago, G_Money said:

 Agree. That’s today.

 

A few years ago not so much 

We'll see tomorrow if Trump has the cash to post a bond for his appeal.

[Dolf]

4 hours ago, Chomper Higgot said:

You might recall the noise over real user / bot counts in the run up to Musk using Saudi money to buy Twitter.

 
Well here’s a thing. ‘Truth Social’ does not publish any verifiable data on user numbers whatsoever.

 
So investors are left to believe a value that has no basis in reality.

 

Once again MAGA are his marks.

Says a pensioner on the internet.

[Dolf]

4 hours ago, candide said:

Si now you are acknowledging that there is an impact of the pandemic on the economy? It's nice to know it.

Keep digging.