Trump this.

[rareboy]

A group ( or a few) very rich people see the DWAC and TrumpCo. merger and listing as a way to generate huge sums of free cash that can then be used to buy-out and absorb more media.

As of today, 6.8 billion dollar valuation makes zero sense, but 6 months from now...if they can keep manipulating the stock price like the start-up that I invested in for fun, there will be that magic moment where they will grab the money and run...or where it can be leveraged and pledged for buy-outs and acquisitions.

 

[KaraBulut]

...As of today, 6.8 billion dollar valuation makes zero sense, but 6 months from now...if they can keep manipulating the stock price like the start-up that I invested in for fun, there will be that magic moment where they will grab the money and run...or where it can be leveraged and pledged for buy-outs and acquisitions.

A case study: Musk bought Twitter for $44 billion in 2022. A leaked internal memo from X in 2023 estimated that it's really worth about $19 billion- a loss of about 70% in value.

If Trump loses the election in November, expect similar devaluation in this latest scam company.

 

[rareboy]

I wouldn't even give it until then.

At some point, it is only dirty money being plunged into the coffers...in the hope that someone else will be just stupid enough to pay a little bit more until it all collapses.

I am amazed that Twitler is still valued at 19 billion...it still continues to lose Xitters every day.

 

[KaraBulut]

This is not normal.

The former president of the United States is selling $60 Bibles online to raise money to pay for the legal costs to defend his cheating... on his taxes and on his pregnant wife. No word on whether the Trump Bibles include a "This Side Up" instruction.

Cheney trolls Trump over Bible sale, suggests he read verse on adultery

Former Rep. Liz Cheney (R-Wyo.) took aim at former President Trump for launching an initiative to sell Bibles on Tuesday and encouraged him to read what the Bible says about adultery. “Happy Holy W…

thehill.com

“It’s my favorite book,” Trump said. “I’m proud to endorse and encourage you to get this Bible. We must make America pray again.”

“Religion and Christianity are the biggest things missing from this country. And I truly believe that we need to bring them back and have to bring them back fast,” Trump said. “I think it’s one of the biggest problems we have. That’s why our country is going haywire. We’ve lost religion in our country.”

The $60 King James Bible will include lyrics from Greenwood’s “God Bless the U.S.A.,” as well as the U.S. Constitution, the Bill of Rights, the Declaration of Independence and the Pledge of Allegiance.

 

[rareboy]

Figures.

But the bible thumping MAGAts only beleive that the Bible applies to others.

Not to them.

 

[rareboy]

 

[KaraBulut]

Eeeeewwwwwwww....

 

[KaraBulut]

A case study: Musk bought Twitter for $44 billion in 2022. A leaked internal memo from X in 2023 estimated that it's really worth about $19 billion- a loss of about 70% in value.

If Trump loses the election in November, expect similar devaluation in this latest scam company.

Interesting editorial about what may lie ahead for the new "DJT" stock:

Opinion | The last Trump stock was a disaster for investors. The new one could be a disaster for the country.

The new company could give Trump a remarkable conflict of interest in a key way Americans get their news.

www.msnbc.com

The caveats are legion: Trump would need permission from the new company’s board to sell the shares to public investors in the next six months or to pledge them as collateral, whether to pay his civil fraud judgment or to run his campaign for president. Any waiver of those rules from that board — stocked with his family and political allies — may lead investors to dump their shares to get ahead of the sale, knocking the price down.

As considerable as investors’ risks are, however, the risk facing the country is even greater.

Though the new company’s stock opened Tuesday at more than $70 a share, Truth Social alone lost millions a month last year. And the last time a Trump company went public — with the ticker symbol DJT, no less — Trump Hotels and Casino Resorts lost more than $1 billion and went bankrupt. There’s little reason to think that this deal will end well for anyone other than for Trump.

 

[rareboy]

All Trump cares is that it ends well for him.

Six months from now, the Trum Klan will be dumping stock the moment the embargo is lifted.

And conflict of interest? hahahahahahaha

That ceased to be a thing in 2016.

 

[TX-Beau]

Dumping large percentages of stock at once is not good business sense. It lowers the value of the shares when that's done. Finding buyers of large chunks of stock can also be problematic. Selling large chunks of shares in a company in the red will drive the share value into the ground. That looks like divestment - getting what you can on the way out the door or before things go directly into the toilet.

In the same way other gamblers don't like to play at a table that's seen a string of losses, if there were a scare, that could trigger a wholesale stampede for the door. Everyone can guess what happens when everyone is selling and no one is buying.

When people speculate on the value of a company's worth, once you get past actual money and property, it's all magical thinking that always gets massaged to drive the price up or down, depending. I've heard that called "Monopoly Money." It's only real so long as people are playing the game.

So, the ridiculous valuation of fake Twitter has got to be one of three things: a lot of investors are betting the company will turn huge profits. Investors will sell short and bet on the company's failure, or this is a tacit bribe in which investors will take the loss to launder money for some other reason.

I wonder which?

 

[TX-Beau]

We must remember that stock is not cash but faith and promises. Stock is only worth what people are willing to believe it is. It doesn't just magically become six billion dollars because someone said that's what it's worth; the only value it has is what someone is willing to pay for it.

 

[rareboy]

And of course, the business world is sounding all the right warnings about the Fairy Tale valuation of the company.

But as I have pointed out a few times, the whole thing is really just a framework for laundering money and bribes...some investors are likely counting on him to win the election.

We can be pretty sure that the bottom half of the Trump faithful aren't buying shares and that the smart money is only bidding up the price of the shares at the outset to sell them highere to some other sucker.

And then as you note...there are those who a shorting the stock.

But magical thinking tech and media companies have managed to keep high valuations even as they continue to lose money on their operations.

 

[TX-Beau]

Do you know how shorting a stock works? A bank/fund/entity allows you to "borrow" x amount of stock. You then sell that stock at market price for cold, hard cash. Over the term of the lender's agreement, that price fluctuates. When it goes down far enough, you buy the same amount of stock you borrowed at the reduced price and return it, pocketing the difference. The bigger the crash, the bigger the profit, and since fake Twitter is already losing money and Toad is going to use it as his personal troll farm, the odds of failure run very high.

The higher they push the valuation, the bigger the profits that will roll in when it tanks. The people caught holding the bag will be the smaller investors who invest with a fund that will allow this to be done.

Shorting a stock is basically a legal con. There will undoubtedly be some of that happening, but the odds that mega-donors are using the market to give Toad strings free campaign cash are much higher.

 

[rareboy]

Oh I know how it works....which is why I just don't do it.

The thing is...if Trump can't sell his cash...how does he access the wealth hidden in the value of stocks that mom and pop companies can buy....unless he is paid as CEO based on stock performance.

I wouldn't be surprised though if he doesn't have some way of accessing the cash from stock sales by the company for his own use.

 

[rareboy]

 

[TX-Beau]

In regard to shorting stock, if you are the middleman, you get paid whether or not the investor makes money or loses money. The more shorting you allow the more fees you collect.

The Toad will sell his personal property, in this case, stock, as soon as he tells the board to authorize it. Some right-wing billionaires will buy it for whatever inflated value it has, in whatever quantity necessary to reach the amount of bribe intended; If there is a paper trail, and that can be proven, it's criminal securities fraud—but then there would be no proof, just a visit to that gilded monstrosity by the sea. The money goes straight into a hidden account somewhere untraceable. Share price tanks, and vultures return what they borrowed to whatever fund. Toad walks away with money, Billionaires paid a bribe, then got in on the shorting, walk away with money, and fund managers walk away with money. Moms and Pops all over the country feel the pain of loss.

 

[rareboy]

6 months is what I understand the embargo to be.

And he will make out like a bandit. And when he chokes to death on his own bile, the kids will clean up.

And who in this scenario gives a fuck about the mom and pop investors who plunge savings into this steaming pile of shit. I certainly don't.

 

[TX-Beau]

I care about the investors who don't understand how this works, how much collusion is going on, and don't know what their investment managers are doing.

But it's also impossible to care too much since no one is forced into the casino, and if you don't watch your own money, someone is going to take it away from you.

 

[smokeshadow]

View attachment 2435472

for a moment I thought that was attorney Melvin Belli, who appeared in the 3rd season episode of Star Trek, "And, The Children Shall Lead"

 

[rareboy]