1. #90121
    Immortal Poopymonster's Avatar
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    Quote Originally Posted by Breccia View Post
    He has a bond for the appeal, and the appeal hasn't happened yet. So no, but that's expected.

    - - - Updated - - -



    The shares closed down 18.4% at $26.61.

    Also, the NYTimes said something unusual to me.



    "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.
    He paid nothing for that extra 36 million shares. Unless the stock goes for 0.00 or negative value, that's a net profit for Trump who has put zero personal cash into this energetic greco roman clusterfuck
    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.

  2. #90122
    Void Lord Breccia's Avatar
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    Quote Originally Posted by Poopymonster View Post
    He paid nothing for that extra 36 million shares. Unless the stock goes for 0.00 or negative value, that's a net profit for Trump who has put zero personal cash into this energetic greco roman clusterfuck
    Agreed, and the more I think about this, the more it sounds like tax fraud waiting to happen.

  3. #90123
    Quote Originally Posted by Breccia View Post
    It kept going down in the after-hour trading. In the $25ish range now.

  4. #90124
    Void Lord Breccia's Avatar
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    Giuilani's appeal went exactly as expected.

    A judge has rejected Rudolph Giuliani’s effort to overturn the $148 million judgment he was ordered to pay two Georgia poll workers he accused of rigging the 2020 presidential election.

    The former New York mayor urged the US District Court for the District of Columbia to reverse its December ruling and override a jury’s verdict finding him liable for defamation and intentional infliction of emotional distress. Judge Beryl A. Howell’s Monday ruling effectively cut short Giuliani’s attempt to reduce his debt in bankruptcy.

    The judge wasn’t convinced by what she called Giuliani’s “threadbare” arguments for a new trial or reduction of the award for poll workers Ruby Freeman and her daughter Shaye Moss, adding that relitigating the dispute would lead to the same result.

    Howell rejected Giuliani’s arguments that Freeman and Moss’ emotional distress claims were untimely and hadn’t been attributed to his alleged conduct. The former mayor’s “utter failure” to follow discovery procedures and pay attorneys fees, after “multiple opportunities,” contributed to Howell’s decision to affirm the $148 million judgment.

    Simply put, Giuliani does not offer any reason why this court should depart from its prior rulings and overrule the jury’s considered verdict on this issue,” Howell said.
    Yeah...we can't blame his lawyers for this one. Giuliani scored an own-goal then tried to give the ref a yellow card.

    - - - Updated - - -

    The Financial Times reports that--

    "Paywall."

    Um, Business Insider reports that Trump is having the same issue with his accountants as his lawyers.

    WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. But the firm resigned before the end of 2021, the FT reported citing people familiar with the matter.

    According to the FT's sources, WithumSmith+Brown no longer wanted to be associated with Trump and his company after several months on the job.

    In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The Public Company Accounting Oversight Board said it identified multiple deficiencies in every audit it had reviewed from BF Borgers in the past two years, per Bloomberg.

    BF Borgers was also removed from the American Institute of Certified Public Accountants' peer review program in November "because the firm was found to be so seriously deficient in its performance that education and remedial, corrective actions are not adequate."
    Yep, Trump is hiring people famous for fucking up in public. Honest, ethical people will not work with Trump. Quite frankly, neither do people who expect to be paid.

  5. #90125
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    When challenging a Kzin, a simple scream of rage is sufficient. You scream and you leap.
    Quote Originally Posted by George Carlin
    Think of how stupid the average person is, and realize half of them are stupider than that.
    Quote Originally Posted by Douglas Adams
    It is a well-known fact that those people who must want to rule people are, ipso facto, those least suited to do it... anyone who is capable of getting themselves made President should on no account be allowed to do the job.

  6. #90126
    Quote Originally Posted by Huehuecoyotl View Post
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    Yep, he was probably up all night trying to make up shit to try to delay again, including this bullshit about his son's graduation.

  7. #90127
    Quote Originally Posted by Huehuecoyotl View Post
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    Don Snoreleone.

    Dontrike/Shadow Priest/Black Cell Faction Friend Code - 5172-0967-3866

  8. #90128
    Merely a Setback Kaleredar's Avatar
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    Quote Originally Posted by Huehuecoyotl View Post
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    Hard to try and dunk on one’s opponent as “sleepy joe” when they themself are on public record dozing off.
    “Do not lose time on daily trivialities. Do not dwell on petty detail. For all of these things melt away and drift apart within the obscure traffic of time. Live well and live broadly. You are alive and living now. Now is the envy of all of the dead.” ~ Emily3, World of Tomorrow
    Quote Originally Posted by Wells View Post
    Kaleredar is right...
    Words to live by.

  9. #90129
    Quote Originally Posted by Kaleredar View Post
    Hard to try and dunk on one’s opponent as “sleepy joe” when they themself are on public record dozing off.
    pfft. The people who cheer when he says stupid shit like "sleepy Joe" will either call this fake news or make up some pathetic "see, what he was actually doing was..." 5D chess excuse.

  10. #90130
    I was curious when seeing a headline about Melania and where she's been, especially during the "he cheated one me with her" (but actually fraud) trial and it was nothing special until I hit this line from a friend of hers.

    Melania is far less visible than most any other presidential wife, current or former, in modern history. Reporters from The Washington Post tried to locate her last fall, traveling to Palm Beach in their quest to track down the whereabouts of the 53-year-old onetime model, but struck out entirely. According to People magazine, a friend of Melania’s said she “is leading her own life, and still feels happy being at Mar-a-Lago, surrounded by people who love her and who never talk about reality, or bad things about her husband.”
    She doesn't like when people talk to her about reality......that definitely encompasses a Trump for you.

    Dontrike/Shadow Priest/Black Cell Faction Friend Code - 5172-0967-3866

  11. #90131
    Over 9000! zealo's Avatar
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    Quote Originally Posted by Huehuecoyotl View Post
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    Clearly, this must be what all the MAGAs mean with anti-woke, when Sleepy Don has trouble staying awake.

  12. #90132
    The Unstoppable Force Belize's Avatar
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    Quote Originally Posted by Huehuecoyotl View Post
    Yesterday in court proves that Trump has now become the MOGA Don.

    Make Orange Go Asleep.
    I bet conservative media are going to freak out any second now about how Trump is sold old and debilitated that he falls asleep in court.


    Annnnnnnnnnnny minute now.

  13. #90133
    Donald, who does not like his own children unless they're named after him or he would like to have sex with them, appears to be using the trial and blaming Judge Merchan rather than admit that he doesn't not want to go to his son's graduation.

    This is, of course, untrue and Judge Merchan has done no such thing.

    In fact, when asked if Trump could be excused from court on Friday to attend the event, the judge stated that it was too early to rule on the matter but that if the trial proceeded as planned he would be open to excusing the defendant. He did, however, bar Trump from skipping trial dates to attend oral arguments on his bid to establish widespread presidential immunity from criminal prosecution, which are scheduled for next week.
    Just a reminder that everything out of his mouth is a lie.

    Trump’s attorney, Alina Habba, repeated the accusation that Merchan barred Trump from attending the graduation during an appearance on Fox News’ Hannity. Habba also boosted false claims that Merchan had effectively banned observant Jews from serving on the former president’s jury.
    Oh look, and more lies and antisemitism.

  14. #90134
    "behave for the next few days and I will allow it, but I better not see you at some other event" seems like an entirely reasonable response from a judge.
    It ignores such insignificant forces as time, entropy, and death

  15. #90135
    I thought it would take 9 - 12 months for DJT to become penny stock. I forgot the internet accelerates the process. When Trump went public with the Taj Mahal in 1996, the WWW was still in its infancy. People still depends mostly on printed source of materials for their investment. No more. It is interesting to see how fast DJT stock respond to good news and bad news.

    Started this morning at $24.38. News came out that DJT will have Live TV streaming. Went up to $25.30. Then Devin Nunes opened his mouth.

    “With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services […] There is a lot of great content that simply can’t find an audience for unjust reasons, and we want to let these creators know they’ll soon have a guaranteed platform where they won’t be cancelled.”


    Basically saying that "we will stream contents that nobody want to watch." You could hear the sucking noise that made right away.

    Down to $23 now. If the trend holds steady, it will become penny stock in another 3 to 4 weeks.

  16. #90136
    Quote Originally Posted by Dontrike View Post
    Don Snoreleone.
    My Representative went with "Drowsy Don" on Twitter.

  17. #90137
    Void Lord Breccia's Avatar
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    Here's how users on Truth Social are feeling about Trump Media's steep stock decline

    Ladies and gentlemen and Greymanes, get your fucking popcorn out for this one.

    Users on the social media platform — referred to on the site as "Truthsayers" — have been buzzing about the stock's steep decline since it went public at the end of March. Shares of Trump Media have tanked more than 50% since March 27, with the stock dropping another 18% this week after the company moved to allow insider shareholders to potentially sell stock before the six-month lockup period is up. Shares declined further on Tuesday after the company announced that it would launch a streaming platform.

    Reactions to the plunge on the social media site ranged, with some users expressing shock and dismay, to acknowledgment that the shares might not regain lost value. A few said the sell-off was evidence of a conspiracy to discredit the former president and tank his net worth.
    "Question! How?"

    Never said. I find it interesting to blame a sell-off on a conspiracy to defeat Trump, when it means you'd have to have invested in Trump to have the stock to sell off in the first place. (We've seen the comments about short sellers and why they can't do it all on their own)

    "What is happening to DJT stock," one user said in a reply to a post from Donald Trump's official account, claiming they had invested their life savings into the company. "Please do something about the crash.

    More conspiratorial Truthsayers have accused short-sellers of foul play, claiming that the share price has been artificially lowered somehow.

    "Remain Calm," one user wrote on April 15, the day Trump Media shares plummeted 18%. "This drop was literally just someone selling 140k shares in 10 minutes premarket. This is extreme manipulation at best. There isn't a massive sell-off. It's one or a handful of people trying to cause panic."

    "They'll do anything to discredit President Trump," another user replied. "God has different plans and will save the nations in HIS Perfect timing."

    Other users blamed the Securities and Exchange Commission, as regulators did not pause trading of the stock during its decline. The SEC may suspend trading for up to 10 days if it believes doing so would protect the public in the event a company is not meeting its duties to shareholders. This is different, however, from a trading halt, which is ordered by an exchange to protect investors from excessive volatility.
    "Wait wait, the SEC can lock up a specific individual company's stock?"

    Yes they can. They did it four times last year.

    Here is the SEC.gov filing of one of them. The company didn't file and broke the law. Stockholders were protected from the bad-faith company. I don't believe the Truth Social poster knows that's the standard trigger, so maybe they should have read Investopedia for like ten fucking seconds.

    • Suspended trading occurs when the U.S. Securities and Exchange Commission (SEC) intervenes in the market to halt trading activity due to serious concerns about a company’s assets, operations, or other financial information.
    • The SEC has the authority to suspend the trading of a security for up to ten trading days to protect investors under Section 12(k) of the Securities Exchange Act of 1934.
    • The SEC cannot forewarn investors about an upcoming suspension because a premature announcement would have an unfair negative impact on existing investors.
    Do you know who Investopedia cited as the best example of the SEC locking a company's stock down?

    Enron.

    Yes, that Enron. For those of you who don't know, this is the Wikipedia page for "the Enron Scandal" but bear in mind, me, Chef Fucking Breccia Son, am saying "yes, that Enron" so at this point you already know what you'll find.

    You do not want to be part of a company that the SEC is pausing trading of. That company is not in a good place. That company is accused of doing something bad/illegal and as a result misleading or defrauding investors. If you're saying the SEC should halt trading of DJT, you are saying DJT is breaking the law. Or, you're a fucking idiot asking for something that doesn't make sense.

    Speaking of fucking idiots:

    "DWAC has fallen over 30% over the last few trading days but they don't cease trading. They don't like Trump and his policies, especially his creation, Truth Social, so they are trying to destroy his company, DJT," one user claimed.

    A smaller number of users were still touting the stock amid the plunge. Buying the shares is an "excellent" way to support Trump's presidential campaign, and an investment in "uncensored free speech," some Truthsayers wrote.

    "I think daddy Trump has some surprises for us, we just have to be patient and wait for it," one Truthsayer recently wrote on Trump Media stock. "NFA but I'll buy more tomorrow. Gotta love the price."
    So as you can see, those to blame for this are, in no real order,
    1) people who own part of the company and still want it to fail
    2) the SEC for not halting trading of an illegal company
    3) the SEC for somehow making the price drop despite not buying or selling stocks but letting the free market run
    4) a handful of people one time, apparently every day since March 27th, somehow
    5) people not loving Daddy Trump enough to buy his stock to help his campaign
    6) someone selling 140k shares out of 140 million shares, most of which Trump owns
    7) God Himself, and
    8) do something!

    Opened at $27.00 at time of writing $22.82 and falling.

  18. #90138
    Reforged Gone Wrong The Stormbringer's Avatar
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    You love to see it. Morons and their money are soon parted...

  19. #90139
    Honestly a lot of those comments could be posted on /r/wallstreetbets and you'd struggle to tell. All that's missing is a bit of complaining about FUD.

  20. #90140
    Void Lord Breccia's Avatar
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    So just throwing it out there: back when DWAC was just DWAC the floor was $10. That's because a failed vote would end up in a refund of the original $10.

    I have posted in the last 72 hours two different articles with two different experts and two different floors, $5 and $2. We're not there yet.

    Based on a few regression models I slapped together, the current trading seems like it'll level off closer to $18 or so. But regression models are based on past numbers and not the realities of the situation. In other words, those experts are predicting a major and contextually realistic change coming. "Video streaming magically somehow!" wasn't it, the price kept dropping.

    What could that be? I have three guesses based purely on my inexperience.

    1) The stock was always a giant meme you paid money for. Memes stop being funny when they're no longer fresh. People will decide that buying at $80 and holding onto a joke stock for $60 worth of loss is enough, and cash out before $60 becomes $70.

    2) The SEC does, in fact, investigate, and everyone keeps hitting Control-R until "sell" isn't greyed out anymore, and dumps what's proven to be an illegal company's stock.

    3) My personal bet: the board lets Trump sell his stock, he does so, wipes his tiny hands clean and returns to Twitter. The price drops from scraps, through crumbs, to dust, as not even Trump wants anything to do with his own company anymore. And of course, r/sleepydon or whatever blame anyone other than Trump for Trump's actions that cost them all their money.

    Did I miss an option? What else could cause a predictable but context-free slope towards $18 to break through and hit $5 or $2?

    - - - Updated - - -

    Hey @cubby are you familiar with this slang related to your profession?

    Judge bench-slaps Trump lawyer 5 times on day one of hush-money trial

    It took New York Supreme Court Justice Juan Merchan four hours on Monday to dispense with pretrial matters before starting jury selection in Donald Trump's Manhattan hush-money trial.

    In that time — and as an international press corps watched and took notes — Trump's lead lawyer, Todd Blanche, was rebuked at least five times for his lawyering.

    1. "I've noticed that the font has been getting increasingly smaller."

    2. "Well, I don't know how you managed to get all those motions filed then."

    3. "Please direct me to the portion of the original gag order, or the subsequent gag order, where it makes any exception if Mr. Trump feels he is under attack. I don't recall inserting that anywhere in either gag order."

    4. "Counsel, it's important to keep breaks at a given time."

    5. "You don't think he should be here at all right now?"
    Feel free to read the article for context, except #1. Trump's lawyer was abusing "single page" by writing in teeny tiny font. And Trump should be extra concerned that the judge isn't taking the gag order lightly or favoring Trump when he discusses it.

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