Bully Wee Villa Posted April 1 Share Posted April 1 Pretty odd that somebody is called "Fani" and he thinks changing it to "Fauni" is more of a silly name. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 1 Share Posted April 1 9 hours ago, Bully Wee Villa said: Pretty odd that somebody is called "Fani" and he thinks changing it to "Fauni" is more of a silly name. She, and the news, pronounce it “Faw-nee”, hence his “Fauni” remark. I still don’t understand what he thinks all capital letters does besides making him appear angry and deranged. Meanwhile, his stock, which IPO’d at just under $50 a share is now below that, after initially soaring. It’s also the most expensive stock to short on the NASDAQ, due to very few share available to buy (and thus cover a short position), and huge demand to short it (betting it will drop). This trajectory mimics that of the 1995 DJT issue around his casino group, that opened at $14, jumped to $35 and then cratered spectacularly into the penny stock ranks and delisting. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 2 Share Posted April 2 Trump’s Truth Social stock now worth $3.8 Billion, down from $6.1 Billion..and he cannot sell any for at least 6 months. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 2 Share Posted April 2 (edited) 6 hours ago, TxRover said: Trump’s Truth Social stock now worth $3.8 Billion, down from $6.1 Billion..and he cannot sell any for at least 6 months. He can if the board approves it, five of the seven directors being Donald junior, former arselicking congressman-in-chief Devin Nunes, and former Trump administration officials, Robert Lighthizer, Kash Patel, and Linda McMahon. If he can gee up MAGA to buy his shares before they become worthless he could still pick up a billion or two. Edited April 2 by welshbairn 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 2 Share Posted April 2 1 hour ago, welshbairn said: He can if the board approves it, five of the seven directors being Donald junior, former arselicking congressman-in-chief Devin Nunes, and former Trump administration officials, Robert Lighthizer, Kash Patel, and Linda McMahon. If he can gee up MAGA to buy his shares before they become worthless he could still pick up a billion or two. It would take a little while to complete the process, and the stock would tank even more during that time. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 2 Share Posted April 2 2 minutes ago, TxRover said: It would take a little while to complete the process, and the stock would tank even more during that time. I don't see how it can tank much more with Trump and his pals holding onto most of the shares. Speculators have likely already cashed in and the remainder are probably true MAGA believers who will hold on till they die. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 2 Share Posted April 2 Early indications of today's trading would suggest that the share price has hit its floor pending more shares coming on the market, hovering around the $50 mark after peaking at $79.38 last week. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted April 2 Share Posted April 2 I’ve not been able to find hard figures but there have been a number of references to the fact that trading has been at a very low volume. It seems to have been mainly speculators buying then cashing in. As a result of this the stock price will be very distorted. Even if Trump has to wait out the six month lock in period as soon as he tries to sell there is likely to be a massive adjustment. If he tries to sell even 10% of his holding that would be over 6% of the total shares. I reckon the price will plummet. A further 10% divestment after that and the stock is likely to crash. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 2 Share Posted April 2 1 hour ago, Granny Danger said: I’ve not been able to find hard figures but there have been a number of references to the fact that trading has been at a very low volume. It seems to have been mainly speculators buying then cashing in. Average daily number of shares traded has been 6.74 million, total number of shares being around 112 million. They only went public last week so I don't really know what that means. I agree that nearly all the volatility will be down to speculators, the mad trumpets responsible for the massive over valuation of the failing company won't be selling. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 3 Share Posted April 3 Wish I'd bought some now.. Trump-and-dump: Speculators bet on Truth Social 'meme' stock 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 3 Share Posted April 3 (edited) Trump’s $175 million bond “rejected”, sent back for resubmission with financial statement, power of attorney and the attorney-in-fact name under signature line. Sloppy lawyering at its finest. Edited April 3 by TxRover 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted April 3 Share Posted April 3 3 minutes ago, TxRover said: Trump’s $175 million bond “rejected”, sent back for resubmission with financial statement, power of attorney and the attorney-in-fact name under signature line. Sloppy lawyering at its finest. Just made a post about Legal Eagle - will be looking forward to seeing him excoriate Trump's latest bottom-of-the-barrel legal representatives Meanwhile, in "I didn't expect the leopard to eat MY face" news: https://www.bbc.co.uk/news/business-68725771 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 5 Share Posted April 5 (edited) New doubts about the ability of the company underwriting the $175 million bond to pay in case of forfeiture after their second filing in response to the first rejection. Still works for a delay for Donald, but not getting any better for him. Edit: Bond has been called. This will result in a hearing to determine the validity of the bond. Edited April 5 by TxRover 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 8 Share Posted April 8 (edited) Reporting that caddies at Trump’s golf clubs have a nickname for him, “Pelé”. Apparently due to his foot wedge habits. Edited April 8 by TxRover 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 8 Share Posted April 8 Shares in Truth Social have dropped to mid thirties from a peak of 79 dollars. If they drop below £17.50 for one day between now and April 26th, Trump loses out on a 36 million share bonus from an "earnout" provision, here's hoping. 0 Quote Link to comment Share on other sites More sharing options...
carpetmonster Posted April 8 Share Posted April 8 2 minutes ago, TxRover said: Reporting that caddies at Trump’s golf clubs have a nickname for him, “Pelé”. Apparently due to his foot wedge habits. Not because of the King’s Viagra adverts? 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 8 Share Posted April 8 2 minutes ago, carpetmonster said: Not because of the King’s Viagra adverts? I just wish it was because he got them points in the Dead Pool! 1 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 8 Share Posted April 8 DJT now at $37.17, down over 50% from its high, and down 23% from its IPO price. Trump out over $2 billion now. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted April 9 Share Posted April 9 New analysis puts the maximum actual value of DJT at about $40-50 million (9-12 times 2023 earnings of $4.3 million). Current valuation is roughly $8-9 billion. It’s so prohibitively expensive to borrow the shares necessary to short, that its price is currently propped up by a number of “true believers” who got in on the IPO. Trump gets reelected and it’s worth more than that, he loses and it’s worth less. He can start selling his shares about 1 October…we can probably judge his feelings on the election results by watching. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted April 10 Share Posted April 10 Sorry if this has been posted, but I only just noticed it. Trump's legal team is even more entertaining than the Tangerine Terror himself. On the one hand, this is pretty horrifying for the (obviously not too smart) young plaintiff. On the other, how exactly did Alina Habba get a law degree in the first place lol. https://newrepublic.com/post/179928/alina-habba-trump-bedminister-hush-money-lawsuit-settlement 0 Quote Link to comment Share on other sites More sharing options...
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