- Joined
- Mar 3, 2004
- Messages
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Happy DWAC'ing day..
today the merger vote happens, there is of course drama as multiple lawsuits swirl and this Orlando guy threatens to vote no or not vote his shares which on some proposals = a no vote
BUT he won't or at least I'd bet he won't because the merger is in his best financial interests. I assume he is making them sweat to get some last minute back door double secret concessions that make him even wealthier........
So as soon as monday I guess, we could see ticker symbol DJT trading. But Donald and the insiders are tied to a 6 month lockup and the underlying asset, Truth Social Media appears to be a sinking piece of swiss cheese.......
"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the third quarter. The company posted a loss of $26 million that quarter."
"The number of Truth Social’s US monthly active users on iOS and Android is down 39% year-over-year, according to Similarweb data shared with CNN earlier this month."
So it should be an smart investor race out the door to cash in as much as they can in the mid $40's letting the unaware Maga "I bought it to support trump or the reddit I'm hoping for a meme stock miracle" crowds to watch it sink like a stone.
It will be interesting to see if Trump can force his way around the lockup or be able to use his paper $3.4B to pay his fines, lawyers and fund his campaign.
I do love a good DWAC'ing day.
today the merger vote happens, there is of course drama as multiple lawsuits swirl and this Orlando guy threatens to vote no or not vote his shares which on some proposals = a no vote
BUT he won't or at least I'd bet he won't because the merger is in his best financial interests. I assume he is making them sweat to get some last minute back door double secret concessions that make him even wealthier........
So as soon as monday I guess, we could see ticker symbol DJT trading. But Donald and the insiders are tied to a 6 month lockup and the underlying asset, Truth Social Media appears to be a sinking piece of swiss cheese.......
"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the third quarter. The company posted a loss of $26 million that quarter."
"The number of Truth Social’s US monthly active users on iOS and Android is down 39% year-over-year, according to Similarweb data shared with CNN earlier this month."
So it should be an smart investor race out the door to cash in as much as they can in the mid $40's letting the unaware Maga "I bought it to support trump or the reddit I'm hoping for a meme stock miracle" crowds to watch it sink like a stone.
It will be interesting to see if Trump can force his way around the lockup or be able to use his paper $3.4B to pay his fines, lawyers and fund his campaign.
I do love a good DWAC'ing day.