Trump this.

[rareboy]

 

[rareboy]

Didn't Melanoma just look delighted to be at the telethon BBQ to raise money for Trump's hooker, rape victim and fraud.

 

[rareboy]

It took no time at all.

Today DJT closed at $37.17...falling through the psychological threshold of $40 per share.

Trump Media Spirals as 37% Dive From Debut Close Erases Billions

Trump Media & Technology Group Corp. has wiped out some $2.8 billion in value as some of the retail traders who frantically bid up the stock last month began to sell.

www.bloomberg.com

And now, after some of the predators have had their fun, there is more an more serious analysis being mooted about why this was a suckers' stock from the outset.

A Disappointing Trump Media Stock (DJT) Analysis

Fundamentals do not support a high price

www.forbes.com

 

[KaraBulut]

Dammit. I forgot to pick up more popcorn at the grocery store this week.

Ooops. Trump's savior bond guarantor isn't a registered bond insurance company in New York.

Letitia James to begin claiming Donald Trump's properties: lawyer

Legal doubts remain about the insurance company posting Trump's $175 million bond in his New York fraud case.

www.newsweek.com

An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said.

Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump.

Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties.

A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.

And guess what...

The Shady Company Backing Trump’s Bond Somehow Just Got Even Shadier

Knight Specialty Insurance isn’t even licensed in New York, among other issues.

finance.yahoo.com

The company, for its part, seems aware of its predicament: The Beast reports that Knight has not legally promised to pay Trump’s penalty if the former president’s appeal is unsuccessful. Instead, the document Knight produced indicates, Trump would still be responsible for paying.

Knight Specialty Insurance is owned by the “king of the subprime car loan,” right-wing billionaire Don Hankey. Hankey appeared to come to Trump’s rescue after the former president loudly struggled to post in his real estate fraud case.

And it turns out that the company has paid multiple settlements to the State of California, the DOJ, the SEC and the Consumer Financial Protection Bureau:

When Trump needs cash, a California bank and one of its top shareholders have come to the rescue

Donald Trump left the White House facing a cash crunch that threatened his business empire

ny1.com

 

[TX-Beau]

Once again, all the best people...

 

[rareboy]

Not surprising. Everything about this bond seemed off.

But securing 175 million in properties should be relatively easy.

 

[rareboy]

And more on why DJT will fall to zero, by the same analyst who explained how the actual value of the company had been diluted to about $1.88 per share because of all the free shares created.

As he notes, there is still time to bail while the price remains propped up above $35...but once it breaks through this support level, it likely will spiral downwards.

It’s Not Too Late To Sell Trump Media Stock (DJT)

Recent reports reveal weakness and risk

www.forbes.com

 

[rareboy]

Trump is another day closer to being on trial for the hush money to Stormy Daniels....I will be so pissed off if one of the hail mary passes gets him off the hook until after the election.

Appeals court judge denies Trump's bid to delay next week's hush money trial

Trump’s attorneys made the long-shot legal maneuver exactly one week before the first criminal trial of a former president is scheduled to start.

www.nbcnews.com

 

[TX-Beau]

And more on why DJT will fall to zero, by the same analyst who explained how the actual value of the company had been diluted to about $1.88 per share because of all the free shares created.

As he notes, there is still time to bail while the price remains propped up above $35...but once it breaks through this support level, it likely will spiral downwards.

It’s Not Too Late To Sell Trump Media Stock (DJT)

Recent reports reveal weakness and risk

www.forbes.com

I suppose his financial advisors are of the same caliber as his lawyers. I figured they'd at least be able to keep it afloat until Toad could sell.

 

[Norri]

Trump is another day closer to being on trial for the hush money to Stormy Daniels....I will be so pissed off if one of the hail mary passes gets him off the hook until after the election.

Appeals court judge denies Trump's bid to delay next week's hush money trial

Trump’s attorneys made the long-shot legal maneuver exactly one week before the first criminal trial of a former president is scheduled to start.

www.nbcnews.com

I have to say I was impressed with how quickly the court ruled against Trump’s silly appeal. I have come to believe that a fast acting court was an oxymoron but maybe not. Well Done!

 

[rareboy]

And more on why DJT will fall to zero, by the same analyst who explained how the actual value of the company had been diluted to about $1.88 per share because of all the free shares created.

As he notes, there is still time to bail while the price remains propped up above $35...but once it breaks through this support level, it likely will spiral downwards.

It’s Not Too Late To Sell Trump Media Stock (DJT)

Recent reports reveal weakness and risk

www.forbes.com

Today, the efforts to keep the share price above 35 bucks were almost pathetic...but someone with deep pockets and money to burn certainly seemed determined.

 

[rareboy]

And more storm clouds on the horizon.

Two co-founders and former executives at Truth Social, the social media company launched and kept afloat by Donald Trump’s daily rants, have amended a lawsuit as they seek the ability sell off their shares in Trump Media ahead of a six-month lockout that was placed on them.

The two apprentices who helped create TS are suing because they know the dilution of stock from 120 million shares to 1 billion shares means the company is pretty much worthless at the end of the day at $1.88 real value.

Trump, of course, is countersuing to strip them of the stock.

They hold enough shares though that if they get to sell them before the 6 month lock-up expires, it will send the stock price diving. In the meantime, they are among the insiders who have a vested interest in keeping the stock price as high as possible until then.

Ex-Trump Media Execs File to Have Their Six-Month Share Lockup Dropped

Reuters/Eva Marie UzcateguiTwo co-founders and former executives at Truth Social, the social media company launched and kept afloat by Donald Trump’s daily rants, have amended a lawsuit as they seek the ability sell off their shares in Trump Media ahead of a six-month lockout that was placed on...

ca.finance.yahoo.com

It would feel so good to have these fuckwads get one on Trump.

 

[rareboy]

In a sensible market, Trump Media stock would sell for fifty cents — if that much​

Another analyst's take on the stock and why it isn't really a meme stock....but more of an ESG club.

Opinion | Trump Media is more of a club membership than a traditional stock

Valuing a shrinking $4 million business at $9 billion is one of the greatest feats of chutzpah ever in the U.S. stock market.

www.msnbc.com

 

[rareboy]

This afternoon, DJT has slipped below the $35 floor and now we'll see if there is any support that can push it back up above that level. If not, it is on its way to $30 and more sellers trying to cut their losses probably hoping to buy in again at the bottom.

 

[rareboy]

And of course, the Hail Mary passes keep going. Once again TrumpCo. is trying to prevent the start of the trial on Monday with Change of Venue, Judge Recusal and delays unitl the SC has heard the immunity case.....

If this wasn't the former Prez, propped up by millions grifted from his marks to pay the lawyers and filing one appeal after another....I doubt if even a very rich white guy would get away with this shit for this long.

https://www.cnn.com/2024/04/10/politics/trump-lawyers-appeal-hush-money-case/index.html

 

[TX-Beau]

They are going to keep doing this every day.

 

[KaraBulut]

They are going to keep doing this every day.

Until the judge says the words, fines or "bar sanction" to the attorneys.

Trump was indicted in April, 2023 which means that they've had 12 months to file motions. This isn't the dimwit Housewives of New Jersey attorney. Trump seems to be putting a lot of money into hiring good attorneys for this case, but littering the docket with late motions is just going to piss off an already pissed off judge.

 

[TX-Beau]

This afternoon, DJT has slipped below the $35 floor and now we'll see if there is any support that can push it back up above that level. If not, it is on its way to $30 and more sellers trying to cut their losses probably hoping to buy in again at the bottom.

Toad will see this as an ego issue and make stupid mistakes because of it. Increasing the volume of shares was completely asinine. Basic math would tell you that. I suppose he's living in some fantasy where the value of the company can be increased just by saying magic words.

 

[TX-Beau]

Until the judge says the words, "bar sanction" to the attorneys.

Trump was indicted in April, 2023 which means that they've had 12 months to file motions. This isn't the dimwit Housewives of New Jersey attorney. Trump seems to be putting a lot of money into hiring good attorneys for this case, but littering the docket with late motions is just going to piss off an already pissed off judge.

And yet they never seem to be sanctioned for any of it. Threatening consequences are not a deterrent; consequences are a deterrent.

 

[KaraBulut]

And of course, the Hail Mary passes keep going. Once again TrumpCo. is trying to prevent the start of the trial on Monday with Change of Venue, Judge Recusal and delays unitl the SC has heard the immunity case.....

If this wasn't the former Prez, propped up by millions grifted from his marks to pay the lawyers and filing one appeal after another....I doubt if even a very rich white guy would get away with this shit for this long.

https://www.cnn.com/2024/04/10/politics/trump-lawyers-appeal-hush-money-case/index.html

Deeeeeenied!

That was fast.