Mega-Thread: Trump Focused Discussion

[Sunseeker]

Sounds like a concept of a scam.

[cubby]

An amusing take on Trump’s crypto...whatever;

Step Right Up, Suckers, Trump's Got A Crypto-Something!

From the family who brought you Trump steaks, Trump University, Trump Media & Technology, and some bankrupt casinos, here comes a new grift, it is crypto something! You’ve heard of venture capital, but this is adventure capital, as in your money is going to go on an adventure, and who knows if it’ll ever come back?

The “venture” is called World Liberty Financial, and it’s maybe a platform, maybe an app? Maybe a borrowing and lending platform? Trump isn’t sure, but there are digital “voting” shares of it called $WLFI. Sounds a little conflict-of-interest-y for a guy who hopes to be president and appoint commissioners to the Securities and Exchange Commission, but never mind that part. How dodgy is it? Dodgier than Dogecoin, let us count the ways!

It goes on for a bit..

Absolutely worth reading.

The felonious pedophile grifter continues....

[Breccia]

Truth Social's stock price is now back below when Trump said he wouldn't sell.

"Ah, so everyone lost faith in his word?"

Probably not, no, because it dropped sharply when this happened:

Judge rules Trump Media breached stock contract with early investor

This story came out at the same time as the sharp drop. Or close enough.

After DWAC merged with Trump Media, those Class B shares were supposed to automatically convert to Class A stock at a 1:1 ratio. But since the company issued more Class A shares after going public, a different stock-conversion ratio applied.

Oh, no! That thing where they just tried to hand Trump a large pile of cash, turns out, it broke a contract! Who would have guessed! Yeah, so, they want their share.

Also:

In a Florida lawsuit, Trump Media has warned that ARC and another investment vehicle, United Atlantic Ventures, are planning an “imminent sale” of more than 18 million DJT shares once the lock-up lifts.

Trump Media in a filing in that same lawsuit on Monday sought an “emergency” court hearing.

"Emergency court hearing to do what?"

I think the safe assumption is "block them from selling before I can and do". When the stock is dumped, last one out is stuck with the check.

[PhaelixWW]

In a Florida lawsuit, Trump Media has warned that ARC and another investment vehicle, United Atlantic Ventures, are planning an “imminent sale” of more than 18 million DJT shares once the lock-up lifts.

When the stock is dumped, last one out is stuck with the check.

Well, those 18 million shares sound like a lot and probably will take some time to offload.

That should give Trump time to sell his... *checks notes*... ahem... *checks notes again*... 115 million shares.


...


Say, what time is this happening, again?

(Note to self: run to the store for popcorn...)

[prwraith]

I love so much reading all these republican figures and their lemming followers on twitter scream about violent democratic rhetoric. Like Trumps base really just lacks any ability to be self aware or they've ridden the tiger so long they forgot how to get off

[PhaelixWW]

I love so much reading all these republican figures and their lemming followers on twitter scream about violent democratic rhetoric. Like Trumps base really just lacks any ability to be self aware or they've ridden the tiger so long they forgot how to get off

I think you mean leopard, not tiger.

[DarkTZeratul]

I think you mean leopard, not tiger.

You're mixing up metaphors. You ride the tiger, the leopard eats your face.

[PhaelixWW]

You're mixing up metaphors.

Very intentionally; that's the joke

With the GoP it's all the same beast.

[Breccia]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

[fwc577]

I can admit to a certain admiration for the villain that is quietly competent.
And that ain't Trump, or any of his treasonous cronies.

That sounds like the concept of a good villain

[ati87]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

The moment a major stockholder puts up any stock for sale the value of the entire stock will drop and I wouldn't be shocked if it turned into a penny stock in mere hours.

Does anybody has any trust in Donald Trump for holding onto his shares when the wako's around him starts selling the stocks?

[Poopymonster]

The moment a major stockholder puts up any stock for sale the value of the entire stock will drop and I wouldn't be shocked if it turned into a penny stock in mere hours.

Does anybody has any trust in Donald Trump for holding onto his shares when the wako's around him starts selling the stocks?

It's 6:18AM in Reality, Pick your 30 minute window for when the shitting of the bed starts. I'll take 11-11:30AM!

[PhaelixWW]

Hey @PhaelixWW time's running out before Trump and the other investors can dump their stock. What do you predict for Sept 18, will it go up or down from $16.14?

You already know my guess, Hannity inventing a massive news story today or tomorrow.

Well, we have one more full day of trading before the lockdown ends and those shares can be traded. I expect a tumultuous day, either way, before the inevitable race to the bottom on Thursday.

The popcorn is standing by.

[ati87]

Well, we have one more full day of trading before the lockdown ends and those shares can be traded. I expect a tumultuous day, either way, before the inevitable race to the bottom on Thursday.

The popcorn is standing by.

I wouldn't be shocked if trading stopped during the day itself.

[Breccia]

penny stock

I still don't know if the original buyback of $10 is in place.

[PhaelixWW]

Well, it's off to a good start.

[Breccia]

Well, it's off to a good start.

So when I look for stock prices, whatever site I'm sent to lets me look at the day, last 5 days, last month, last 6 months, year to date, and (in this context) forever.

This is still above the $10 initial offer. It is down in all other formats. Everything Trump gained by lying about not selling is now gone, and then some. It was $16.26 when he made the announcement. It is now below that. At best, he slowed the decline. At worse, reasonable people who invested in the...um...okay, so I just realized I was about to suggest reasonable people would have bought Truth Social stock. I'm not even sure shorting it is safe anymore, there are rules and fees and stuff about that, and I don't think the small difference (the stock can't crater to nothing) works in this context.

But what I should have said was, people who knew Trump saying "I will not sell" meant Trump will sell, have already sold in the last few days. There's no more give left in this market. The only hope is an outside source, such as Hannity announcing a Sept 21 story in the next 24 hours.

- - - Updated - - -

Trump Media lockup deadline leaves Trump with a choice: trigger a fire sale or hold a meme stock

That's Fortune magazine. It's not a great read for Trump. Here's a bit from the middle:

If insiders, especially Trump, rushed to offload as many shares as possible when the lockup period ended it would trigger a fire sale. Shareholders, many of whom are retail investors who bought the stock as a show of support for Trump, could see their investments greatly devalued or wiped out. But, as the largest shareholder of the company, no one would have more to lose from a cratering TMTG share price than Trump. The ensuing price drop could make whatever shares he wasn’t able to sell almost worthless, according to Jay Ritter, a professor at the University of Florida Warrington College of Business who studies public offerings.

But holding on to TMTG stock poses its own set of risks, namely that its share price appears entirely divorced from its underlying business results, trading mostly on the fervent devotion Trump inspires in his followers rather than any market fundamentals. That means Trump, as by far the largest shareholder, is caught between a rock and hard place. He can flood the market with shares knowing that whatever he doesn’t manage to sell will be worth a fraction of their original value. Or he can hold on to them and face the daunting prospect of turning TMTG and Truth Social into a genuine tech and media business.

Honestly, a lot of the article is "here's all the times Trump was sued or went bankrupt" and, yes, it's a loooooooong article.

[PhaelixWW]

Still trickling downward.

[some guy]

Now that's the kind of trickle down I can get behind.

[Breccia]

Truth Social stock price reaches record low. Again.

Trump lost two hundred million dollars today.

I have yet to read an article on the topic, even those being as nonpolitical as possible, that said "Trump won't sell his shares". Every single one has instead talked over and over about when he can do it, and how quickly.

Forbes (amongst others) says the lockup period ends tomorrow. I assume they mean "after trading" as in "selloff Sept 20". I still haven't seen Hannity, etc. make up a boosting story. I guess that's tomorrow. If I'm right, expect Trump to spend all Friday yelling at microphones, crowds, and passing clouds about how important this story is, then sell everything at 30 seconds to close. If I'm wrong, Trump will cash out immediately. I do not see any option that has Trump going into the weekend with his stock. Of course, there could be some rule or law or something that I don't know about, but if he sells even one share the price tanks, so it's all or nothing.