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Trump this.

Forbes is yelling at everyone to dump their shares now.

And I see why some insiders are buying heavily to prop up the share price above $30.

Forbes notes potentially destructive issues:
  • Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.)
  • Key share price breakdown below $35 barrier (see graph below)
960x0.jpg


Throw another 40 million shares into the mix and the price will drop accordingly as investors finally wake up.


Of course it will be all the mom and pop shareholders who get burned.
 
And of course, they are almost certainly paying themselves along the way.

However, as CNBC reports, the former president and other company executives are likely already being financially rewarded for the disastrous merger — while those foolhardy enough to invest in the meme stock are losing out.

In short, it's playing out exactly as analysts have expected — yet another one of Trump's scams, designed to line his own pockets.
Click to expand...

ca.finance.yahoo.com

Trump Is Making a Fortune Off His "Truth Social" Disaster While Investors Are Losing Their Shirts

Get Rich Quick Former president Donald Trump's "Truth Social" bid is continuing its decline. Shares of Trump Media & Technology Group (TMTG), which owns the far-right social media platform, have slid almost 30 percent over the last five days, wiping out even more of Trump's personal stake. The...
ca.finance.yahoo.com ca.finance.yahoo.com
 
hahaha truly...Although I should note that Borowitz is a satiric writer.....
 
Well...before trading today...DJT was $26.96 and is now in the $27.42 range.

Either the impact of an addiltional 40 million shares going to insiders in a few days got some attention....or the start of Trump's trial means that some see the business potential of TS diminshing if Trump is sentenced for falsifying records.
 
Someone tried to get it back over $30 frst thing today with a 1.2 million share purchase. And now, the trades all seem designed to keep it above $28. Doubt it can reach $30 again. The next break-through level would be $25.

Once the price stays over $17.50 for 20 of 30 days, it will likely fall down to the 10 dollar mark pretty quickly once the insiders get their shares. Even if the price can be propped up at $10 per share when they sell, that is a pretty good payday.
 
WOAH :badgrin:

www.thenewcivilrightsmovement.com

'Scared to Death': GOP Ex-Congressman Brings Hammer Down on 'Weak' Trump

Amid Republicans – including Donald Trump – claiming over the weekend Iran would never have attacked Israel if Donald Trump were president, and saying Trump never got America into a war, Republican former U.S. Congressman Adam Kinzinger blasted the ex-president and his allies while serving up a...
www.thenewcivilrightsmovement.com
 
Well, this dropped today.

DJT filed a "preliminary prospectus" Monday with the U.S. Securities and Exchange Commission to offer an additional 21.49 million shares of common stock, issuable "upon the exercise of warrants."

The company is also looking for approval of the resale of up to 146.1 million shares from "selling securityholders," which includes Donald Trump and ARC Global Investments.

www.investors.com

Trump Media Stock Plummets On Plans To Issue Millions Of New Shares

DJT stock has dropped 54% in April.
www.investors.com www.investors.com

I can't beleive it has only dropped 15% today although even into the afternoon, someone is still trying to prop it up.
 
smokeshadow said:
WOAH :badgrin:

www.thenewcivilrightsmovement.com

'Scared to Death': GOP Ex-Congressman Brings Hammer Down on 'Weak' Trump

Amid Republicans – including Donald Trump – claiming over the weekend Iran would never have attacked Israel if Donald Trump were president, and saying Trump never got America into a war, Republican former U.S. Congressman Adam Kinzinger blasted the ex-president and his allies while serving up a...
www.thenewcivilrightsmovement.com
Click to expand...
Kinzinger became one of my 'heroes' of the right....depsite my disagrreing with him on myriad issues. And the fact that he also helped empower Trump to achieve a number of items on his own conservative agenda. In short, he used Trump until the monster turned on all of them.

But at the end of the day, a principled and intelligent man, dedicated to America and democracy.
 
By the way.

Let me go on record thaqt Trump will be convicted, receive a minimum prison sentence that will be reduced to probation.

Fight me.
 
And whoever placed that 1.2 million share trade pre-trading today lost nearly $2 million.

Someone is desperate to keep the price above $17.50 at any cost.

Or it is literally a back door for money to Trump if they were common shares sold by the corporation.
 
I do not believe Trump will receive any jail time if he is convicted. For a financial crime to rise to the level of prison loads and loads of more money would have to be involved.
 
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