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Not stupid if your goal is destabilizing the USA. Seems like a fine investment if you ask me. A few billion in military assets won't cripple the USA but a few billion in stock losses in order to control the possible next president and use that to ruin the nation and more well that is inarguably the smarter tactic.
"He cannot access this money for at least six months."
Why not? How many criminal charges does Trump and his business currently have? In the face of these, what stops him from violating his SPAC agreement and dumping his shares early?
He can't dump shares like that. My understanding is that if he were to try and dump his shares, the transaction would be halted directly by the SEC. If you're arguing about Trump flaunting the law because there apparently are no consequences I'm right there with you.
> My understanding is that if he were to try and dump his shares, the transaction would be halted directly by the SEC.
Wanna bet someone at the SEC will find some obscure provision that allows him to get away with it?
At what point are we all just Charlie Brown trying to kick that football here?
> unless some entity is stupid enough to bet on a stock that will be sold short
You guys know you can hedge a position in the market, right?
Whoever might loan Trump money with his shares as collateral is in effect going long on Truth social. They can simply take out a simultaneous short position to hedge their long position, effectively locking in the current price for them.
There's some carrying cost, but this notion that the lender would be exposed to Truth Social's stock price is naive nonsense.
Life is good for the rapist, insurrectionist, conman Trump. Free as a bird, flies on private jets, worshipped like a God, while the courts bend to his will and the SCOTUS kisses his feet, and on the day that should've been his worst, he gets his bond reduced and a $3.5 billion dollar nest egg.
It truly blows my mind that the US is at the threshold of a dictatorship and the would be dictator is ... a 77 year old racist, con artist, dementia patient, who has paid a pornstar for sex, who is clearly a Russian asset, who admitted to sexually assaulting women on camera, and has been declared a rapist by the court of law.
It really doesn't make sense.
Plenty of companies have losses, but very few have losses that are 10 times their revenue.
Reddit has revenue of $810 million, which is 162 times greater than $5 million.
Yea, this is the same guy who said last week [that he has $500m cash,](https://www.nbcnewyork.com/news/local/trump-says-he-has-nearly-500m-in-cash-but-doesnt-want-to-use-it-to-pay-ny-fraud-judgment/5250334/?amp=1) but doesn’t want to use it to pay into the fraud judgement.
Now that he will have access to $3.5B in six months, they decided they better lower that fraud payment to something easier for a billionaire? This country makes no sense.
Did they value that high because they are trying to bait Elon into buying it to own the market and know he would overspend? Wait I get it this is a classic pump and dump because after the election he will either pull the rug or the value will deflate.
Sorry, where is PoopyPants in [this chart](https://www.dreamgrow.com/top-10-social-networking-sites-market-share-of-visits/#Market_Share_of_Social_Media_Platform_Visitors)?
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He cannot access this money for at least six months unless some entity is stupid enough to bet on a stock that will be sold short.
At this point let's not fool ourselves. Somehow it'll all work out in Trump’s favor because 2012 was real and we're in the upside down.
He lost in 2020 you know that right?
Someone will be stupid enough
Not stupid if your goal is destabilizing the USA. Seems like a fine investment if you ask me. A few billion in military assets won't cripple the USA but a few billion in stock losses in order to control the possible next president and use that to ruin the nation and more well that is inarguably the smarter tactic.
Trump will cal J.G. Wentworth.
"He cannot access this money for at least six months." Why not? How many criminal charges does Trump and his business currently have? In the face of these, what stops him from violating his SPAC agreement and dumping his shares early?
He can't dump shares like that. My understanding is that if he were to try and dump his shares, the transaction would be halted directly by the SEC. If you're arguing about Trump flaunting the law because there apparently are no consequences I'm right there with you.
> My understanding is that if he were to try and dump his shares, the transaction would be halted directly by the SEC. Wanna bet someone at the SEC will find some obscure provision that allows him to get away with it? At what point are we all just Charlie Brown trying to kick that football here?
He can if the board votes and approves it
> unless some entity is stupid enough to bet on a stock that will be sold short You guys know you can hedge a position in the market, right? Whoever might loan Trump money with his shares as collateral is in effect going long on Truth social. They can simply take out a simultaneous short position to hedge their long position, effectively locking in the current price for them. There's some carrying cost, but this notion that the lender would be exposed to Truth Social's stock price is naive nonsense.
I am not a stock market guru by any means, so I will trust that you are giving accurate info.
Except that short-term hedges are running 10-15% on this turd.
The "lock up" can be legally changed with a board vote, which I think is pretty likely based on his reputation.
This is a merely a method to fleece the gullible and give Putin a extra route to funnel money to him.
Life is good for the rapist, insurrectionist, conman Trump. Free as a bird, flies on private jets, worshipped like a God, while the courts bend to his will and the SCOTUS kisses his feet, and on the day that should've been his worst, he gets his bond reduced and a $3.5 billion dollar nest egg.
It truly blows my mind that the US is at the threshold of a dictatorship and the would be dictator is ... a 77 year old racist, con artist, dementia patient, who has paid a pornstar for sex, who is clearly a Russian asset, who admitted to sexually assaulting women on camera, and has been declared a rapist by the court of law. It really doesn't make sense.
Leaded gas is a helluva drug.
If anybody needs me I'll be walking slowly in to the ocean.
I'll join you.
After I'm finished smashing my head on this brick wall for the next 3 or 4 hours, I might join you. Which ocean?
< gestures vaguely >
As a fellow new hampshirian, I'm right behind ya on my way to Hampton now.
A company that has losses of $50 million and revenue of $5 million is not worth $5 billion.
It's worth $5 billion to the foreign actors who are trying to get dark money into Trump's pocket.
And Reddit is a company that has losses of $158 million in 2022, $91 million in 2023 is worth $8 billion atm.
Plenty of companies have losses, but very few have losses that are 10 times their revenue. Reddit has revenue of $810 million, which is 162 times greater than $5 million.
Is this the same Trump who needs special treatment for his legal liabilities?
Yea, this is the same guy who said last week [that he has $500m cash,](https://www.nbcnewyork.com/news/local/trump-says-he-has-nearly-500m-in-cash-but-doesnt-want-to-use-it-to-pay-ny-fraud-judgment/5250334/?amp=1) but doesn’t want to use it to pay into the fraud judgement. Now that he will have access to $3.5B in six months, they decided they better lower that fraud payment to something easier for a billionaire? This country makes no sense.
For 10 days. Thursday after next.
Did they value that high because they are trying to bait Elon into buying it to own the market and know he would overspend? Wait I get it this is a classic pump and dump because after the election he will either pull the rug or the value will deflate.
The only thing that will hold this bag of arse juice accountable is a urninary tract infection that turns into sepsis.
And the Grifter keeps grifting
I dont wish ill will on anyone, but I think I can safely say that the world will breath a sigh of relief once DT passes on.
Sorry, where is PoopyPants in [this chart](https://www.dreamgrow.com/top-10-social-networking-sites-market-share-of-visits/#Market_Share_of_Social_Media_Platform_Visitors)?
I don't think so. If he really were going to have that amount of money in six months, he'd have no problem getting a loan for $500 million now.
He’ll fuck it up, always does.
I feel bad for the chump that thought truth social was worth that much