Trump's DJT media company down 8% today, near its 52 week low.

[Geeko Sportivo]

I wonder how many shares Grokmasturbater bought if he thinks it's such a great investment.

Well, you know what they say: A MAGA moron and his money are soon parted.

I say let them have their over-inflated balloons!

We'll see where it eventually and inevitably leads them and their phony GOD- GOOD OLE' DONNIE!

 

[QP!]

Hey, I tried to put it out there that Truth Social should immediately split their stock!

Because most Trump Supporters and now investors, are low wage earners and not that savvy in the stock market.

I tried to give them some good advice, but they didn't listen TRUMPTARDS

Let me just say this, that the new stock offerings from Truth Social are basically nothing more than Hedge funds betting on Trump to win in 2024.

YOU WILL NOT WANT TO BE A HOLDER ON THAT STOCK SHOULD HE FAIL, and that is the problem- HE IS GOING TO FAIL- and most people have realized it by now!

So BUYER Beware!

I would disagree that Hedge Funds are betting that Trump simply winning the election will bring value to the turd which is Truth Social.


Truth Social, as a public company, serves one purpose and one purpose only. Pump and Dump momentum trading.

And many people like to play the Ponzi scheme that is a good Pump and Dump story. The entire game is not holding for any long term and simply getting in and out before the next guy gets in and out. Do not get caught holding the bag. Young day traders in particular but even many 'day traded' Hedge funds, like the gamble and the potential to get rich quick off a good Ponzi Pump and Dump scheme. It is like the old joke where the guy says 'I know i cannot outrun the bear but i just have to outrun you'.

Truth Social COULD NOT have gone public the traditional way as that requires a company be solvent or show a clear plan to profitability with enough cash in bank to get there.

Understand this. Currently Truth social is spending $14MM to get back $1MM.

THAT IS RIGHT... if you give Truth Social $14MM today via investments, they will return to you $1MM.

The company has no real user base, no real advertisers, and is a cash sink and all the Hedge Funds and serious investors know it.

 

[QP!]

Trump can’t cash his stocks in for six months, what will they be worth then

As soon as Trumps sale restrictions come off the stock will plummet to near zero.

That is very much the norm, for Pump and Dump stocks with no real business.

All of the day traders realize that Trump and the Market Makers for the insiders have a real strong incentive to keep propping up the stock, in the hopes when they can sell, the price is still high. So what you see is those like Trump with high millions or billions in stock will be willing to selectively keep buying to protect that value. A guy with billions in stock might spend a few million trying to keep it up. That is where the Pump and Dump traders tend to make a lot of their money. Forcing the big insiders to eat the stock they buy or they threaten the long term, hoped for value, of those big shareholders who are locked up.

 

[QP!]

Trump has the board packed with sycophants and family. They will allow him to do whatever he wants.

if they allow Trumps stock to become free trading and remove the restrictions and the stock plummets, the minority shareholders will sue Trump and the Board and win.

Minority shareholders have VERY strong rights backed up by a ton of case history, in court.

The restrictions on insider stock exist for a reason and apply to EVERY new company listing because the outcome of allowing a flood of low cost or even free stock (the insider stock) to hit the market too soon after listing, often harms the guys who bought in later at market prices.

So for a Board to release the restrictions, they must be very certain that it will not impact the market much to avoid that very common lawsuit. The way it typically happens is the Insider shows up with a buyer in hand. Meaning Trump would say 'my friend Elon here, wants to buy X million in stock from me in one block, (in what is called a cross) can you please unrestrict that stock as he is not willing to buy in the market (as we do not have the volume) and also 'we want Elon as a stock holder as he will be a good long term investor for us'.

In cases like the above the Board can and will 'release' re stricted stock and they will be insulated from minority shareholder suits.


That said, i would not be shocked if Trump and his idiot Board do just release his stock... he makes nothing as the Stock predictably then plummets. And the minority shareholders do sue him and the Board winning an easy case. Trump and his advisors ARE that stupid.

 

[Grokmaster]

Up over 20% on the week.

 

[Nordberg]

None of it matters until he unloads that crappy stock. A few super-rich are propping it up.