1. #90101
    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.
    Democrats are the best! I will never ever question a Democrat again. I LOVE the Democrats!

  2. #90102
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    Quote Originally Posted by Paranoid Android View Post
    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.

  3. #90103
    Quote Originally Posted by Paranoid Android View Post
    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.
    Last edited by Rasulis; 2024-04-15 at 05:23 AM.

  4. #90104
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    Quote Originally Posted by Rasulis View Post
    vs. 500k at Truth Social.
    The number is smaller than that -- most of the posts are in ALL CAPS so they look larger.

  5. #90105
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    Quote Originally Posted by Belize View Post
    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.

  6. #90106
    Quote Originally Posted by Breccia View Post
    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.

  7. #90107
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    Quote Originally Posted by Paranoid Android View Post
    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.
    Quote Originally Posted by Crissi View Post
    Quit using other posters as levels of crazy. That is not ok


    If you look, you can see the straw man walking a red herring up a slippery slope coming to join this conversation.

  8. #90108
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    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.

  9. #90109
    Herald of the Titans D Luniz's Avatar
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    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)
    "Law and Order", lots of places have had that, Russia, North Korea, Saddam's Iraq.
    Laws can be made to enforce order of cruelty and brutality.
    Equality and Justice, that is how you have peace and a society that benefits all.

  10. #90110
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    Quote Originally Posted by D Luniz View Post
    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

    Quote Originally Posted by Daniel Jones
    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:

    Quote Originally Posted by D Luniz View Post
    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.

  11. #90111
    Old God Milchshake's Avatar
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    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.
    Government Affiliated Snark

  12. #90112
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    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.

  13. #90113
    Quote Originally Posted by Breccia View Post
    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.
    At some point after years of ignoring and outright flouting court orders, deadlines and everything else you'd figure there would be consequences maybe at some point maybe.

    Has he paid E. Jean Carroll yet, by the way? Or is that another one of the, "Consequence still pending because consequences apparently don't exist."?

    I'm fucking tired. Make him a poor Black man and if he tried 1% of this shit he's be left to rot in solitary.

  14. #90114
    I Don't Work Here Endus's Avatar
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    Quote Originally Posted by Breccia View Post
    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.
    Trump should be in a cell until they have that hearing. Standing on eggshells to avoid any appearance of enforcement of the law isn't "avoiding appearance of bias", it's outright open corruption.


  15. #90115
    https://www.politico.com/live-update...order-00152293

    Even as prosecutors were seeking a contempt ruling against Donald Trump for violating the gag order in recent days, Trump once again tested the boundaries of the gag during the trial's lunch break.

    He posted a video of one of his prominent allies, Laura Loomer, announcing through a bullhorn that “Donald Trump did nothing wrong.” Notably, Loomer used the same moment to criticize Merchan’s wife for purportedly working for New York Attorney General Tish James, a Trump political foe. Loomer also criticized prosecutors’ star witness, Michael Cohen, for employing the services of a lawyer with ties to Trump’s political opponents.
    Maybe consequences will finally come?

    Probably not.

    I'll be shocked if they do.

    What the fuck ever this whole process has been such a fucking farce and our justice system is a joke that can't handle bad actors unless they're poor and non-white.

  16. #90116
    I Don't Work Here Endus's Avatar
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    Quote Originally Posted by Edge- View Post
    https://www.politico.com/live-update...order-00152293



    Maybe consequences will finally come?

    Probably not.

    I'll be shocked if they do.

    What the fuck ever this whole process has been such a fucking farce and our justice system is a joke that can't handle bad actors unless they're poor and non-white.
    Real answer?

    The American approach to law enforcement largely started out from slave-hunting, and as it's evolved it's never strayed from from the purpose of enforcing rigid social divides more than pursuing even-handed justice. Trump's a rich white guy; the law isn't supposed to apply to him. Certainly not in the "slap the cuffs on, give them a rough ride downtown, and toss them in a cell to die of their head wounds" sense that's increasingly normal for everyone else.


  17. #90117
    Quote Originally Posted by D Luniz View Post
    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)
    Just got back from our bike ride. Was in the $28ish when we left, down into the $26ish currently. Down by almost 20%. Still obscenely overpriced.

  18. #90118
    Quote Originally Posted by Endus View Post
    Trump should be in a cell until they have that hearing. Standing on eggshells to avoid any appearance of enforcement of the law isn't "avoiding appearance of bias", it's outright open corruption.
    They're doing it knowing how much scrutiny they're under. They assume that being as conciliatory as possible will keep the cult from losing its mind and ranting about how the whole thing was rigged all along. Problem is, the cult has already lost its mind, and literally any result short of complete exoneration will be seen as them crucifying Our Lord and Savior Donald Trump.

  19. #90119
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    Quote Originally Posted by s_bushido View Post
    They're doing it knowing how much scrutiny they're under. They assume that being as conciliatory as possible will keep the cult from losing its mind. Problem is, the cult has already lost its mind, and literally any result short of complete exoneration will be seen as them crucifying Our Lord and Savior Donald Trump.
    They aren't really under "scrutiny". They're under domestic terrorist threat by cultist extremists.

    The responsible answer to that is to say "fuckin' bring it, shitwads" and build a tent prison to handle the overload.

    But apparently, these chucklefucks you've got to bend the knee to, meanwhile BLM protests are getting their right to assemble revoked because one dude threw a rock at a cop one time.

    There's a thread for that discussion already before anyone fills it up here, I'm just citing it to demonstrate the absurdity.


  20. #90120
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    Quote Originally Posted by Edge- View Post
    Has he paid E. Jean Carroll yet, by the way?
    He has a bond for the appeal, and the appeal hasn't happened yet. So no, but that's expected.

    - - - Updated - - -

    Quote Originally Posted by Rasulis View Post
    Just got back from our bike ride. Was in the $28ish when we left, down into the $26ish currently. Down by almost 20%. Still obscenely overpriced.
    The shares closed down 18.4% at $26.61.

    Also, the NYTimes said something unusual to me.

    Also included in the filing were an additional 36 million shares given to Mr. Trump as part of an “earnout” bonus based on the company’s stock price. With those additional shares, Mr. Trump has about 115 million shares of Trump Media, or 65 percent of the company’s stock.
    "Bonuses based on stock price...during a record-breaking slide?"

    It's just Trump's board making an excuse for him to have a majority. Nothing about this company is doing well. I don't knowa ton about stockbroking, but everyone knows the company is worthless. This is all just dancing around the law to fleece as much as possible before this whole thing collapses like a folding chair under a fat ass.

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