Mega-Thread: Trump Focused Discussion

[Breccia]

but can also mean that they cannot just sit and do nothing.

It does, let me find the whole line...

The House Republicans are introducing a bill that will require proof of citizenship to vote. It seems like common sense. I'm sure all of us would agree — we only want U.S. citizens to vote in U.S. elections. ... There are so many millions of illegals in the country that if only one out of 100 voted, they would cast potentially hundreds of thousands of votes in the election.

We cannot wait for widespread fraud to occur, especially when the threat of fraud is growing with every single illegal immigrant that crosses the border

That bolded. "You'd have to be an idiot to deny the thing that never happened and is illegal will happen hundreds of thousands of times."

But let's extend that incorrect line of thinking. Do you know what else is illegal, but could happen hundreds of thousands of times? Someone getting a gun and murdering another human. Which, actually, happens a lot in real life, too. There is far more evidence of Americans using guns to successfully murder people than nonAmericans to successfully vote. And you could make a pretty good argument that the right to vote comes after the right to not be murdered.

[s_bushido]

Their Roth? This is fascinating to me, because they were smart enough to have a Roth that they've been contributing to (Roth's are great!), but are both dumb enough to take the penalty for cashing out early (IIRC) and well...dumb enough to "invest" in Truth Social.

This reeks of someone on the internet doing a little bit of the trolling, actually.

Almost a decade now of Trump's cult being insane, and you're skeptical of this...why?

Hell, we still have people literally buying into Musk's hype despite him spending the past few years very publicly demonstrating his incompetence.

[Benggaul]

Also, ABC News and likely others saw that press conference and had some thoughts. Mostly "he's lying".

I really, really want to see the breakdown by party affiliation/who they voted for in terms of those documented cases of fraud (and whether they were malicious or faults of omission/confusion), because I'm willing to bet it's at least 50% GOP and probably a good deal higher given that almost all of the cases we've found news items about have been Republicans intentionally voting fraudulently. There was some hay made by the GOP of convicted felons voting in Florida that we later learned was the result of the government telling those felons they could vote and then arresting them when they did, but apart from that I can't recall any non-Republican cases.

[Breccia]

Well, I thought he'd try something more dramatic. This is just...sad.

UPDATE: He tried something dramatic that was also just sad.

On Saturday, Trump took to his social media platform Truth Social to rant about New York attorney Mark Pomerantz and his former lawyer turned critic Michael Cohen. Cohen is a star witness for Bragg in the upcoming trial.

"Has Mark POMERANTZ been prosecuted for his terrible acts in and out of the D.A.'s Office. Has disgraced attorney and felon Michael Cohen been prosecuted for LYING? Only TRUMP people get prosecuted by this Judge and these thugs! A dark day for our Country. MAGA2024!!!" he wrote.

"Did Trump forget Cohen was convicted for lying on Trump's behalf?"

It's possible, "Trump has dementia" continues to be a valid option. But, no, Cohen turned on Trump when Trump threw him under the bus. Trump hasn't forgotten, but he is desperate.

That's why he just violated the gag order. I believe isn't just the continued escalation to find where the actual line is. I think he willfully broke the gag order, which will likely result in only a fine, because he thinks it will delay the trial further.

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Trump won't testify. You heard it here thirty-seventh -- I can't be the first to predict that.

The 38th is Cohen.

"Hey why doesn't Cohen have a gag order?"

He never mobilized a lynch mob of violent terrorists.

“The likelihood of Donald Trump being on the stand is equal to the likelihood of me waking up tomorrow 7’6″ and playing center for the New York Knicks—it’s not gonna happen,” Cohen said during his Saturday appearance on MSNBC “The Weekend.”

His Saturday remarks come after Trump said on Friday that he would “absolutely” testify in the case where he is facing 34 felonies.

“We also know that he’s not a good defendant,” Cohen said on Saturday. “He’s not a good witness. We watched that with the E. Jean Carroll case when he couldn’t even identify E. Jean Carroll and confused her with Marla Maples.”

“He is not a good witness,” he continued. “He’s not going to take the stick. In fact, I hope that I’m wrong. Because I think that would be absolutely classic for America to be able to see Donald Trump on the witness stand trying to defend himself in a case that’s indefensible.”

"Is Cohen taunting Trump into testifying?"

No, he's just taunting Trump. Trump won't testify and Cohen knows that. This is just him calling him a liar and a coward, and being correct.

[Gabriel]

I just watched the Trump Pensylvania rally and.... and I think... I think I lost very many brain cells.

They were good cells. The best cells.

[postman1782]

I just watched the Trump Pensylvania rally and.... and I think... I think I lost very many brain cells.

They were good cells. The best cells.

Coincidentally, so did Trump, it sounded like he had a stroke at one point during the rally.

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https://truthsocial.com/@realDonaldT...69870633758695

Trump now complaining he hasn't had enough time to prepare for his trial even though he has months, and he has been touring with his klan rallies, maybe he should have stayed home. Now he is claiming that Bragg hid evidence from him, something he can't prove.

[Breccia]

Trump now complaining he hasn't had enough time to prepare for his trial even though he has months

You know, I can't help but notice that post was dated after he said he was wiling to testify.

And yes, accusing a DA of hiding evidence sounds like the sort of thing most people wouldn't do, but Trump lies all the time about everything and this wasn't on the stand. I suppose it could be yet another defamation case but, quite frankly, I think Bragg will focus on just putting him in prison for his felony crimes.

[Kaleredar]

Coincidentally, so did Trump, it sounded like he had a stroke at one point during the rally.

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https://truthsocial.com/@realDonaldT...69870633758695

Trump now complaining he hasn't had enough time to prepare for his trial even though he has months, and he has been touring with his klan rallies, maybe he should have stayed home. Now he is claiming that Bragg hid evidence from him, something he can't prove.

What Trump claims in public is worth less than the hot air it’s made of.

[Paranoid Android]

Story time!

Small-time investors in Trump’s Truth Social reckon with stock collapse

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

So anecdotal story of a fool parting with his money? Perhaps but this article gives other evidence.

So let's get down to it. This person who is part of the cult put his whole live savings into the grift and instead of just realizing he has been conned or cut your losses, he doubles down. Hey, many people will do become irrational but this is the part that gets me. So Jerry is a small business owner who I man 100 percent bitches about inflation (yes there is inflation), regulation and gubberment. But these people continue to throw their money at him. The old scam of give your money and the prophet will reward you down the road.

But for some Trump investors, the stock is a badge of honor - a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.

Then there are these people who buy just once more to be close to their god. While I wonder the breakdown of a some buying a few of the meme stocks or like the sucker above.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

Find this interesting of how the stock market or scam works. Nunes runs a failing business but is doing quite well for himself running Truth.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” - a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

Once more these people believe they are fighting a crusade. Be it against a fight of Big Tech and Trump is pure good in all this evil or of course whatever their warped minds of the Libbbberal, Left, Commy, Socialist, coming for my children,guns etc. In the end its a culture war thing.

[Breccia]

So anecdotal story of a fool parting with his money?

I am genuinely curious what will happen when Trump dumps his stock and gets back on Twitler. It could be in a few months, or he could sue and do it now. Because what we're seeing is the stock tank despite about 70% of the shares in lockdown. In addition to what would happen to any company where the owner wants to dump 60% of the shares all at once --

"Why wouldn't Trump drop a smaller percent?"

He's the majority shareholder right now with about 60% of the shares, roughly. If he sells off 10% of the shares he is no longer the majority shareholder, at which point, he not only tanks the value of what's left of his stock, but also, loses sole control of the sham company that's doing nothing but lose money. May as well go all in.

"But he's had like 40% of companies before!"

Hmm. Where did you see that?

"Mostly in articles about the companies going bankrupt."

Ain't that interesting. Anyhow, in addition to what happens to any company, when Trump dumps Truth Social mid-election and moves to whatever name Musk gives Twitter at the time, the shares won't be worth the electrons they're printed on. Right now, it's basically

Just four years ago I was a very popular and successful President of the United States, getting more votes than any sitting President in history.

Tomorrow morning I’ll be in Criminal Court, before a totally conflicted Judge, a Corrupt Prosecutor, a Legal System in CHAOS, a State being overrun by violent crime and corruption, and Crooked Joe Biden’s henchmen ‘Rigging the System’ against his Political Opponent, ME!

He's sticking with "any sitting" I see. I think that's happened with literally every single re-elected President, because that's how population growth works. Still got less than Biden.

But to be fair, he has learned something. "Rigging the System" was in quotation marks this time, and he didn't accuse Biden directly.

I hate to predict this, but, I don't think Trump will get any contempt findings. I think he'll know what's what the second that giant fat ass hits the defendant's chair. He has a long history of poking the bear and now he's face to face with a fucking grizzly. His lawyers will do all the posturing, grandstanding, and lying for him until he gets out on the courthouse steps and is free to lie to the American people.

[Rasulis]

Story time!

Small-time investors in Trump’s Truth Social reckon with stock collapseOnce more these people believe they are fighting a crusade. Be it against a fight of Big Tech and Trump is pure good in all this evil or of course whatever their warped minds of the Libbbberal, Left, Commy, Socialist, coming for my children,guns etc. In the end its a culture war thing.

Do they truly believe that Mark Zuckerberg and Sundar Pichai are worrying about competition from Truth Social?

Apptopia averages Truth Social at just 8.3 app opens per U.S. user in September 2023 – versus competitor Facebook‘s 56 opens on average. This huge engagement gap reveals most Truth Social installations lie largely dormant despite headline user totals.

Keep in mind FB currently has 3+B active users vs. 500k at Truth Social.

[Breccia]

vs. 500k at Truth Social.

The number is smaller than that -- most of the posts are in ALL CAPS so they look larger.

[Xyonai]

I live in Houston, and they're barely visible here. The only location I could tell you exists is in Pigeon Forge, TN lol

Was just there a few months ago and I can confidently say that they have -two- locations in Pigeon forge. Havn't seen 'em anywhere else though.

[postman1782]

You know, I can't help but notice that post was dated after he said he was wiling to testify.

And yes, accusing a DA of hiding evidence sounds like the sort of thing most people wouldn't do, but Trump lies all the time about everything and this wasn't on the stand. I suppose it could be yet another defamation case but, quite frankly, I think Bragg will focus on just putting him in prison for his felony crimes.

Of course it was. Literally nothing of what he can say can be trusted.

[Poopymonster]

Find this interesting of how the stock market or scam works. Nunes runs a failing business but is doing quite well for himself running Truth.



Once more these people believe they are fighting a crusade. Be it against a fight of Big Tech and Trump is pure good in all this evil or of course whatever their warped minds of the Libbbberal, Left, Commy, Socialist, coming for my children,guns etc. In the end its a culture war thing.

Of course Truth failed. They didn't get enough money, government regulated to death, IRS targeting conservatives, Big Tech was scared of them, The Deep State, Trolls desecrated the place, the sycophants just didn't MAGA hard enough.

[Breccia]

Top Investor Sounds the Alarm on Trump Media Stock

And it’s no wonder, says top investor Daniel Jones. If you’re attracted to volatility, the stock might seem appealing, but fundamentally, it remains overvalued. So, if you’re thinking the sharp drop might present an appealing opportunity, think again.

“The bad news that I have for investors is that, while this might seem like a good time to get in at what might be the bottom, that bottom is likely to be significantly lower than most would think,” the 5-star investor said. “Based on my own assessments, even a generous view of the company suggests a fair value that is lower than $5 per share. And in all likelihood, the stock is worth even less than that in my opinion.”

Accordingly, Jones rates DJT stock a Strong Sell.

While treading carefully through a potential minefield to ensure his analysis remains apolitical, Jones offers a grim prognosis: “The picture looks bad… really bad.” However, Jones gives the bulls some slack, pointing to a significant increase in revenue from $1.47 million in 2022 to $4.13 million in 2023. But that’s sort of all the info you get as the company hasn’t provided data regarding daily or monthly active users. “As opposed to many of the other social platforms and other technology businesses out there, they have chosen to operate in a rather opaque manner,” Jones goes on to say.

Lastly, its current market cap suggests a value per active user of roughly ~$4,115. Considering that Meta, a vastly more successful company, reports the value of a MAU to be $299.25, assuming DJT were to be worth the same value on a per monthly active user basis as Meta, Jones calculates that it would get an enterprise value of around $389 million. “That would imply a value for the company of about $4.54 per share,” he notes.

"Wait a minute, didn't you keep saying the floor was $10?"

Yes, for DWAC. They had a contract requiring them to pay back $10 if the deal fell through. That contract does not exist for the stock in question. It is now purely about how good of a business DJT is, and it's not a very good one. At all.

[D Luniz]

https://www.marketwatch.com/story/tr...hares-92840aa0
Trump’s DJT stock tumbles after a filing for the sale of a large amount of shares

So the current holders are selling AND they want to issue more stock (might help the shorters, but If I knew that much about the market, I'd be playing that more and MMOs less)

[Breccia]

AND they want to issue more stock

Hoo boy, stock splitting. Jeez. That is something I barely know enough about to admit I know nothing about.

So let's ask Forbes. I'm sure we can all agree they're a knowledgeable, fair, impartial source of--

Do not wait. These storm clouds are not going to dissipate.

--horrible fucking news for the company.

Atop the previously discussed negative facts are these destructive issues:

• Insider infighting over stockholdings
• Competing insider shareholder lawsuits
• First insiders now wanting to sell
• Feeble responses by Trump Media CEO Nunes in interview by Fox Business News
• Still-open new million-share spigot from the convertible securities and contracts that are converting
• 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)

The result is an emotional rout

This teetering tower of negative issues is a perfect reason for a mass shareholder exodus.

Important to remember: Donald Trump, as the controlling shareholder, can ask his selected board members for permission to sell before the normal 6-month waiting period.

The bottom line: Protect your capital by selling now

Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse.

Bolded not mine. Larger size not mine. Forbes is screaming "dump that toxic shit" way more effectively than I ever could.

Hey remember earlier when I quoted

That would imply a value for the company of about $4.54 per share

The very next line in that article was "And that’s being generous". Forbes is saying under $2.

Forbes then goes on to say that the company will have an SEC-required mandatory quarterly update, but does not say when. I think it's June, and I would bet large amounts of real money that the release of this stock was specially crafted so that the holders of the stock had the maximum time (three months) to find a way out of the six-month lockout and sell sell sell before that report comes in and destroys what little is left of its value. I say "I would bet" but that information, if it exists, will be carefully protected.

Now let's talk about that stock split/reissue:

So the current holders are selling AND they want to issue more stock

Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days.

Those two are in direct opposition. The price will drop if it's sold. The price will drop if it's split. Splitting/issuing more stock is something companies can do, but it is not always good news.

UPDATE: CNN and others report tens of millions of new shares issued, price drops like mad. The stock lost 15% of its value today so far.

Trump’s Truth Social Holdings Down To $2 Billion As DJT Stock Crashes Again
-- Forbes

Trump Media’s $28 share price Monday is a whopping 65% below its $79 peak on March 26, the first day it was publicly traded under its $DJT ticker following the completion of its merger with its blank-check partner firm.

The Monday selloff came after Trump Media filed to issue as many as 146 million new common shares in the company and another 21 million in warrants (the rights to purchase shares at a certain price), and it would severely dilute existing shareholders’ stakes considering the company currently has only 137 million shares outstanding, about 79 million of which belong to Trump.

Trump’s 58% equity stake in Trump Media could be reduced to below 30% depending on the size of any potential stock offerings.

So...yeah, Trump's board of directors is getting Trump out of a majority situation. I think they're doing this as a prep to voting to let Trump sell his stock, without that selloff tanking the price even further. Which...isn't working.

- - - Updated - - -

When I walk into that courtroom, I know I will have the love of 200 million Americans behind me, and I will be FIGHTING for the FREEDOM of 325 MILLION AMERICANS!

-- Trump, while entering a courtroom for a crime he committed because he was so desperate for love, he had to pay one person.

- - - Updated - - -

Various rolling trackers say that the judge will allow prosecution to introduce each and every single online attack Trump made against Cohen, the very second Team Trump says "Cohen is a liar" in the courtroom.

Apparently, Trump is being especially reserved in the courtroom while motions are being filed. Team Trump demanded the judge recuse himself, that was handwaved. Prosecution wanted to introduce the Access Hollywood tape, as it goes to the timeline, but the judge ruled it was prejudicial. That said, I expect that issue will be raised again. Prosecution does have a bunch of headlines Trump was asked to approve before publication, again, showing the benefit of paying off Daniels.

Oh, and prosecution basically pointed out all the stuff Trump said over the weekend about the judge and the witnesses, asking why that wasn't contempt.

Assistant District Attorney Joshua Steinglass brought up Trump’s various inflammatory social media posts and statements about the case as prosecutors hope to introduce many of them as evidence.

“This effort continues to this very day,” Steinglass said of Trump’s attacks, before previewing prosecutors’ next move.

He added, “And shortly, we will be seeking an order to show cause” for why Trump shouldn’t be held in contempt.

[AntiFascistVoter]

Again the real surprise that genius-business-man isnt on twitter pumping his stock like Elon does.


Oh wait, he must be at a trial or osmethen.


NYT is usually game to pump his personal stock. But He's not giving ace access-journalist Mags much to work with...



Larry Tribe has some legal insight on this trial.

Copying here for those who don’t want to click through to Elon Musk’s favorite toy:

1. The criminal trial that begins April 15 has a theme almost nobody has yet fully appreciated. It’s the through line of illegally manipulating elections by distorting the information on the basis of which those elections are decided.

2. Now, for instance, with his nonstop efforts to delay the trial’s opening, Trump is doubling down on that strategy by trying to keep voters from seeing, before they cast their ballots in November 2024, how a jury of twelve ordinary citizens would evaluate the Manhattan DA’s charge that Trump tried, on the eve of the 2016 election, to keep the voters from learning that the Access Hollywood Tape was just the tiny tip of a sordid iceberg, one he feared would melt down all over his then teetering presidential campaign with the facts about his sex affair with Stormy Daniels, an affair that seems trivial in hindsight but that loomed large at the time in that cliffhanger-close election.

3. Think about it: Using the legal system — or, more accurately, abusing it — to cover up, in order to win in 2024, how he covered up the truth in order to win in 2016!

4. That double-layered coverup, if successful, would more than make a mockery of our constitutional system. It would shred it, all the more so because the one thing Trump hasn’t even tried to cover up is his dictatorial plan to wield unlimited power over us all.


But again, the NYT decided to pump his stock, while making Her Emails thee political scandal of 2016.

[Breccia]

Man, can you imagine spending so much time staying up late tweeting that you slept through your own felony trial? What kind of insane cultist would want someone with those time management skills in charge of nuclear weapons?

- - - Updated - - -

Team Trump has until the 19th to explain why Trump's attacks don't violate the gag order. This will then be discussed in a hearing the 24th.

This is fucking stupid. It should not take two weeks to rule on this. But add that to the pile of "Trump is being given every single possible consideration to avoid even the faintest whiff of feigned bias" I guess.