Trump Media & Technology Group Corp. (DJT) - March to penny stock watch party

beenz

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Check out the video if u haven't, describes the legal peril he would be in if he does that now with SEC. He has recently said we won't and as a person who controls the the shares he does with insider info, he can get hit with market manipulation and would be sued by the other major investors he is openly hostile towards ( they have been suing each other since stock made public and maybe before )

What many think could happen, he takes a loan out against the shares he has. He gets the money and doesn't have to sell

if I'm a lending institution, I'm charging him pay day loan levels of interest cuz I have no faith in trump's share price remaining when used as collateral for a loan.
 

bnew

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Check out the video if u haven't, describes the legal peril he would be in if he does that now with SEC. He has recently said we won't and as a person who controls the the shares he does with insider info, he can get hit with market manipulation and would be sued by the other major investors he is openly hostile towards ( they have been suing each other since stock made public and maybe before )

What many think could happen, he takes a loan out against the shares he has. He gets the money and doesn't have to sell

i think the ploy is they hope he wins the election and the company is the vehicle in which they will funnel money to him, he would have elon acquire the company at a multi-billion dollar price tag due to it's current market valuation and elon can do private deals with the people who want to buy favor from trump will elon recoups most of the cost of purchase. any private deals between elon and unknown persons couldn't be investigated at least without a high level whistle blower. they planted the seeds for this a long time ago. even when trump loses the election I bet he still has top secret documents that he can sell and the buyer would be buying shares of his company to launder the money.
 

Miggs

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Since my last post stating it dropped 14 % 10 mins ago its dropped another 6 %

Cant wait to read these crying fakkit stories on social media about how they still trust Trump even after losing thousands on this stock and taking a 5 figure haircut at his online bullshyt university :russ:
 

Miggs

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if I'm a lending institution, I'm charging him pay day loan levels of interest cuz I have no faith in trump's share price remaining when used as collateral for a loan.

Theres no bank or credit union outside of Deutche bank that will even give him a predatory loan.....they all know hes an idiot with money.

If he had to start from scratch today with no handouts he'd be Johnny Depps character in Blow at the end of it.
 

RageKage

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:gladbron:

19 million shares getting dumped like the garbage it is this week from other shareholders now free to sell

:blessed:

Trump Media Stock Tumbles as Big Shareholders Are Soon Free to Sell​



 

RageKage

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Trump Media co-founders unload nearly all their DJT stock worth $100 million​



The co-founders of Trump Media & Tech Group – the alleged brains behind Donald Trump’s Truth Social platform – have sold almost all their stock in the company, worth a reported $100m.

According to a regulatory filing, United Atlantic Ventures has disposed of nearly all its 5.5 percent stake in Trump Media – traded under the ticker DJT – which owns Donald Trump’s Truth Social platform.

United Atlantic Ventures is an investment firm owned by Andrew Litinsky and Wesley Moss, who were also former contestants on series two of The Apprentice.

The duo sold most of their stake in the company after a lockup agreement that stopped large investors, including the former president, from selling any shares ended on September 19.

Trump is yet to offload any of his stock with the Republican presidential nominee insisting he would not be selling his shares and reaffirming his commitment to Truth Social when the lockup agreement ended.

“A lot of people think that I will sell my shares, you know, they’re worth billions of dollars, but I don’t want to sell my shares. I don’t need money,” he said earlier this month. “I love it. I use it as a method of getting out my word.”

After Trump was banned from Twitter – now Elon Musk’s X – following the January 6 Capitol riot, Litinsky and Moss pitched the former president the idea of launching Truth Social, according to the BBC. They then helped facilitate a merger that took Trump Media public in March.

But relations between the company and Litinsky and Moss turned sour.

Attorneys for Trump Media had argued that UAV was not entitled to shares in the company alleging mismanagement by the former Apprentice contestants.

But earlier this month, a federal judge in Delaware ruled in the firm’s favor in a lawsuit filed against Odyssey Transfer and Trust, a securities transfer agent. The court’s summary judgment in the case came in response to UAV seeking assurance from the judge that it would be able to sell its minority stake in Trump Media.

DJT’s stock price has been particularly volatile over the last few months.

The share price hit a high of $79.38 on its first day of trading as a public company in March but closed Thursday at $13.98 per share. Trump, who owns 114.75 million shares, has seen his stake drop from being worth $6.2bn in May to $1.6bn based on Thursday’s closing price, CNN reported.
 

OperationNumbNutts

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Down another 14 % :mjlol:

All the idiots who bought this crap because they cant think for themselves.
Nah. Look at the first month of the stock price. There are some people who made damn good money. Now I wouldn't be surprised if Trump has some off brand company shorting the stock.
 

Brolic

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Coli economists took another L :francis:
ixofsroxlxud1.jpeg
 

RageKage

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Coli economists took another L :francis:
ixofsroxlxud1.jpeg
A single meme stock doesn't represent the economy :mjlol:

Their business revenue to expenses have not changed, they still have a pathetically low user base that isn't growing and broke MyPillow guy still probably their biggest advertiser

I've said before in this thread it's value is directly tied to the perceived chance he has at winning when the true grift can begin
 
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