Truth Social shares go into freefall after investors learn how much money it really makes!!!
- Thread starter SoProudNole
- Start date
According to the merger agreement between Trump Media and Digital World, Trump will be allowed to begin selling DJT stock if the share price remains above $12 for any 20 trading days following the 150 days after the closing of the DWAC deal. That would be Sept. 20. But even if DJT shares tumble further, and plunge below $12, Trump is allowed to start selling six months after the completion of the deal. That would be Sept. 25.
Any stock sales by Trump would likely pour a bucket of water into an already leaking boat. Trump Media did not respond to a request for comment from Barron’s about the looming lockup expiration. It is possible though that Trump could set up what is known as a 10b5-1 plan, which allows a company insider to set up automated stock sales with specific amounts and dates through a broker. That would give investors more transparency about when Trump might sell DJT shares so as not to take the market by surprise.
But that only buys 5 days. I just want to see how fast it drops when he starts selling.
Like a turkey dropped from the WKRP news chopper.
Are we gonna have to do another GoFundMe for Rico???
Shares tanked more than 6% today…closing at $16.98.
Next several days will be fun to watch. Donald is itching to fleece his followers for as much as possible. He’s not happy with you MAGAs that are getting out early (before he can take all your money and not just most of it).
Next several days will be fun to watch. Donald is itching to fleece his followers for as much as possible. He’s not happy with you MAGAs that are getting out early (before he can take all your money and not just most of it).
Let's be honest about something, if he wins the presidency he will force government contracts on Truth, and monetize the f*** out of it, and the MAGAs will cheer it on.
Wouldn't he have to keep his shares then? Seems like if he sold, the stock would instantly become worthless. Can this garbage stock be removed from the market if it drops below a certain value?
He can't realistically sell all of his shares, and I have long suspected he sees the true value in leveraging Truth from the WH. We lived through 4 years of Trump in the WH. He will literally berated companies from the WH press room about not advertising (Pay tribute), on Truth.
