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https://www.cnbc.com/2024/08/28/djt-trump-media-stock-falls-below-20-per-share-for-first-time.html
The deal would “guarantee access to additional capital, if necessary, to pursue big strategic opportunities as we look to build out our portfolio by acquiring assets and technologies in the Patriot economy,” Trump Media CEO Devin Nunes said in a July 3 press release
wtf is ‘the patriot economy’??
The Patriot economy is that made of the true, red-blooded Americans.
They are rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.
I recently approached a friend asking that they seriously consider whether we would have moral issues against getting in on the grift. There was that asshole who sold patriot beer for a huge, shitty markup when the budweiser thing happened. It wasn’t even good beer. I said that we could put in incredibly little effort and make money off these rubes. My logic was that they were going to purchase stupid products like that anyway, so why not get their money ourselves.
We went back and forth on it. We concluded that we’d only create products that 1. did no harm to marginalized groups and 2. would end up leading cultists to tell on themselves. We agreed to let the idea percolate to see if we thought there were good opportunities worth our time.
An example of telling on themselves might be a tshirt that says, “Guess I’m deplorable,” if it were 2016. We kicked around some contemporary phrasing. Nothing has been worth making the effort, so far.
I briefly considered doing the same. Ultimately I decided I didn’t want to take advantage of other poor people. Yes, they were probably going to spend their money anyway but I would have trouble sleeping for being part of the problem. You do you tho. I ain’t telling no one how to live
So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells?
Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.
Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.
lol
Trump owns nearly 59% of Trump Media’s stock. Even after losing much of its value, Trump’s stake at Wednesday’s stock price is still worth more than $2.2 billion — more than half of his on-paper net worth, according to Forbes.
Yea, I call bullshit on that.
If he tries to sell any substantial portion of his holding, the price will crater.
But it won’t matter because he’ll have already sold. Well, it won’t matter to him.
There are 192M shares and an average daily volume of 5.5M.
There is no way Trump could sell 113M shares quickly, the stock would absolutely crater and the market would react.
But he can still borrow against the value of those shares.
That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.
It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.
