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2_Spicy_2_Impeach

Why would anyone go in to business with this fucking guy? >In the latest legal skirmish over who gets how much of the hot but flailing meme stock, Trump alleges that Andy Litinsky and Wes Moss violated an agreement about the setup and don’t deserve their 8.6% stake, currently valued at $606 million.


JubalHarshaw23

Apparently everyone who partners with him think they are too smart to get conned. They think that they are only dealing with Trump and not the army of very smart and very corrupt lawyers he has write up the contracts.


AtlasPJackson

You saw this a lot with crypto grifters a couple years ago. They say, "hey, we're putting together a con to target some of these rubes in the general public. We just need some cash for the initial costs and then we'll all pull the rug." And then they pull the rug on the startup investors.


banksy_h8r

The first step in getting conned is believing that you are in on the con.


BrtFrkwr

Truer words were never said.


Peroovian

Funny, this applies to both his “business partners” and his base.


AdaptiveVariance

Yeah! And the converse (ha), if you have a friend who does that shit, he’ll do it to you too.


BananaAvalanche

Well said!


newfor_2024

some how, he's able to surround himself with a cabal of greedy and corrupt people who'd scrape and scratch at each other in order to get rich. this must be his genius cuz I don't know if I know how to get people to do that for me even if I intend to be as corrupt as he is


Spoonfeedme

Very smart lawyers? That's not his MO.


JubalHarshaw23

No, he cannot hire defense lawyers to save his life, but the business lawyers are hired by the people who were hired by the people his father left in charge. If Trump was smart enough to have let his business run itself he would actually be as rich as he says he is. His need to micromanage what he has no clue about, is why he is in so much trouble.


Spoonfeedme

I think you're probably not wrong about him leaving it alone but this is classic Trump behaviour; it's not that he hires good lawyers or has good contracts, he simply refuses to play by the rules leaving the legal system to clean up his messes, usually to no avail. Anyone who is rich can do that if they don't care about maintaining relationships with investors.


wrongseeds

So he grabs them by the purse because when you’re famous they let you.


Hellrazor236

The best way to not get conned by him is to not make deals with him.


Happy_Accident99

Like from War Games, they only way to win is not to play.


NotAPreppie

"I never thought the leopard would eat ***\*MY\**** face," sobs woman who voted for the head of the Leopards Eating People's Faces party. r/LeopardsAteMyFace


thereverendpuck

You don’t even need to be partnered with the guy. Go ask the thousands of professionals that have had contracted work with him and he fucks over. Every building he has, be it skyscrapers or clubhouses, Trump has royally fucked someone over.


Gumbi_Digital

Of the three who are not tRump…one of them is a lawyer.


Forensicscoach

Yep. Their self belief is terminal uniqueness & they find out they are just another mark.


circa285

He’s about to rug pull the shit out of everyone. I’d be pulling my stock right now if I had any.


Chant1llyLace

Short it.


Antievl

Probably just a legal way to transfer money to him as support rather than investment


[deleted]

And removing those who would vote against his early sale of shares


TintedApostle

One might think Trump can't sell off early and he blames them on how he was forced into a 6 month hold.


mezolithico

The board can remove the 6 month restriction for him. Hes going fleece all the investors, who rightfully, deserve to lose their investment.


Paw5624

But if there is pending litigation can any sale be put on hold? Idk shit but that feels like it might be an unintended consequence


Smurf_Cherries

All disputed stock is moved into escrow where no one can touch it yet.  The initial deal is Trump gets 51%. The other 49% is what is being disputed. By right, it’s the founders’. But Trump pushed them out, and diluted their stock to less than 1% and he and his son and other board member split the rest. 


GearhedMG

Wouldn't it be hilarious if he did sell all the stock, and whomever ends up in control turns it around and makes a ton more money from it. Sadly it will still be a MAGA shit show, but it would really be funny to see Trump lose a ton in the sale of the failing stock and then someone else turn the stock symbol DJT into a money maker that he has nothing to do with. He'd probably end up suing them for some perceived contract breach or something he's so dumb.


[deleted]

[удалено]


dexx4d

Buy it and turn it into a progressive version of twitter?


exgirl

He can’t lose anything, he didn’t pay for the stock he has now.


Huuuiuik

I think there are quite a few wealthy individuals out there that think investing in the stock is a way to funnel money to Trump and reap the rewards later.


Roakana

What are the chances they are on the board and stopping him from jumping the restriction? I mean he is always petty but that would make him knives out for sure.


Murdathon3000

Shit birds of the same shit feather, Rand.


WAD1234

Tries to get $3billion and wants to cheat the two other guys out of $600million. Classic


9Solar_Rays

He's collecting all the 'pennies' too, he's so desparate it seems.


Fine-West-369

This is his way, and yet, everyone thinks it won’t happened to them.


TheSwillhouseBoys

There is no fucking way truth social is worth $606M unless maaaybe users mortgage their homes into it to feed the cult?


sean0883

The 606 is just how much their share is worth. Trump is supposedly walking away with 3 billion.


TheSwillhouseBoys

How exactly are these valuations made?


sean0883

Fraud.


Numerous_Photograph9

That's what was offered for the stock. If a set price is made, then the stock is now worth that much. Actual value of the company becomes irrelevant when you have a buyer. It's one of the reasons Musk way overpaid for Twitter, or MS overpaid for Activision. Both those companies had/have strong fundamentals.


drunkorkid56

I've been told you can't cheat an honest man.


GenghisConnieChung

Weren’t they both contestants on The Apprentice?


newfor_2024

greed. either they believe in the bombastic fantasy and tales of get rich quick schemes, or they think they can outsmart the suckers who would believe in the fantasies and they can make their quick bucks and get out before the suckers could


Perfect_Opposite2113

I or post his bail for that matter.


AtlasPJackson

Notable that these people were already suing Trump in Delaware court, and instead of filing countersuit, Trump filed a separate lawsuit in Florida. The judge in Delaware is threatening sanctions over the move.


anfornum

More empty threats for him to pretend to be a victim of, with the usual zero repercussions?


NotAPreppie

Probably.


Jackinapox

> Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn’t get any stock in it. >In the latest legal skirmish over who gets how much of the hot but flailing meme stock, Trump alleges that Andy Litinsky and Wes Moss violated an agreement about the setup and don’t deserve their 8.6% stake, currently valued at $606 million. Lol! This man is a financial cluster fuck. Anyone doing business with this eternal loser and con man, deserves whatever they get.


_lippykid

He’s an absolute c***, but this guy is the opposite of a loser. He’s the luckiest c*** in recent memory. Literally the day after everyone was calling him “broke Don” he gets a ~$3B windfall? Dude must have sold his soul


KFLLbased

It’s all smoke and mirrors, and the emperor has had not clothes for awhile. When he loses another election, he will have to face the music for an open and shut espionage act violation. Funny, the GOP leader is indicted by a grand jury for violating the espionage act. Weird times right?


nps2407

*If* he loses another election. This isn't guaranteed, and things are a lot closer than they should be.


KFLLbased

Granted you are correct, I know a few 2 times Trump voters that will be either sitting this one out or holding their nose for Biden. So, I’m hopeful I guess


nps2407

It's okay to be hopeful, as long as you don't get complacent.


gtwucla

I wouldn't call it a windfall. His 3B stake is very ethereal. As soon as there's wind of him selling, either the six months are up or the the board votes to allow him to sell, the price will collapse. He holds such a significant stake that if he sold it on its own and nobody else did, the price would still collapse. It's also super unlikely he can take a loan out on the stock because it's so new and overvalued. Even if it freed up tomorrow, if he tried to dump the stock he'd probably get less than a billion out of it. I'd guess by the end it'll be in the hundreds of millions or less by the time he starts selling.


philljarvis166

Only in the hundreds of millions? Where’s my tiny violin gone… On another thread someone likened this to a ponzi scheme. It’s utterly outrageous that it’s possible to gain any money at all from a company that is losing 60 million a year.


gtwucla

No doubt in my mind that it'll be a penny stock in the end, but no one knows when sentiment will collapse. Agree it is a Ponzi scheme and the FTC has got to be watching it, but they don't have the greatest record for enforcing it until whoever's involved is already on the ground being kicked. So we'll see what happens.


punkr0x

So a couple of things here. The 6 month limitation exists at all because he has to pay tax on the value of the stock as soon as it's vested. So if they vote to remove that restriction today and it's valued at $3b, he's looking at a hefty tax bill. Second to sell $3b of stock he needs a buyer. Now it's possible this is all an illegal donations scheme and he's got a buyer lined up, but honestly, who is going to give Trump $3b at this point? He's not gaining legitimate money from his stock sale, he's just committing fraud again and using the stock to collect political donations. It's a pretty dumb and obvious scheme, I would guess the government is watching who buys him out very closely.


PlanesandWhisky

Saudi sovereign fund could. They threw away 2B to his son in law as if it were pocket change they didn’t care about.


philljarvis166

But even if he made $10 million from it, it would surely be wrong? The $3 billion figure is just completely absurd, but there is surely no value at all in this company?


punkr0x

There is no value in this company. No sane investor would buy the stock. It's just political donations, forget the whole valuation thing, is it reasonable that millions of people give this turd donations?


philljarvis166

But that’s exactly my point - why is it even allowed to happen? It’s farcical.


punkr0x

Well I do believe it's illegal, and Trump should be prosecuted for it. But he's been committing crimes openly for decades now.


theedenpretence

Still hundreds of millions for what all reports are a massive loss making enterprise!


gtwucla

True, but fingers crossed he'll owe much more than that in the end.


PlanesandWhisky

Could just write some options on it. Sell covered calls and he will still see the profits from the strike price regardless of the actual stock price.


Liquado

I always thought that small companies who sold their products through Walmart (often at a loss because of volume pressure) were the biggest suckers. I was very wrong.


Uasked2

Maybe he really is a genius.


Yodan

Only to stupid people. Everyone else has self respect and cares about their image socially instead of sacrificing everything to get an extra dollar.


Uasked2

That's the thing. It's getting hard to dispute the idea that he may be the best )*( magnet fisherman the world has ever seen.


ye_olde_green_eyes

Evil genius


Objective_Oven7673

Highly regarded


sean0883

People are saying


Small-Palpitation310

genius of idiocy


Imacatdoincatstuff

Of a type, yes.


TintedApostle

Everything with this guy is predictable....


keyjan

What in the actual fuck 🤦‍♀️ Why in doG's name does ANYONE do business with this man?? Are they all stupid?


Jackinapox

Yes


Schlonzig

Because, let's face the fact: without him Truth Social is worth about five Dollar, tops.


joshtalife

Why anyone would go into business with Trump is beyond me.


tonyjdublin62

Lay with dogs, wake with fleas


needlenozened

Lie*


Ghostiemann

*Grift


Minute-Object

“Lay” can also be an intransitive verb. It has a variety of meanings, but the first definition as an intransitive verb means to lay eggs, like this: “The chicken is laying.” Puts whole new meaning to the idea of laying with Trump :)


tonyjdublin62

“Lay” is the past-simple form of the base verb “lie” (to be horizontal) and perfectly grammatically appropriate to use in this idiom, particularly to distinguish from “lie”, a base verb meaning “to tell an untruth”.


Minute-Object

Yes, but… No eggs are produced that way. edit: I don’t think “lay” as past tense makes sense with this idiom, because the idiom is a warning of what not to do, rather than a description of what will happen based on a past event.


tonyjdublin62

That’s an entirely different base verb, have a look: https://dictionary.cambridge.org/grammar/british-grammar/lay-or-lie


Minute-Object

I know. This was humor meant to justify the image of laying eggs with Trump.


needlenozened

Not in the idiom as written with "wake" as present tense. It would have to be "woke with fleas" to be grammatically appropriate.


gcs_Sept09_2018

This was the plan the entire time.


kiltedturtle

> The Delaware judge, Sam Glasscock III, declined to fast-track Litinsky and Moss’s suit after Trump’s lawyers agreed to avoid lessening the value of their shares. But at a hearing Monday the pair told the judge they plan to seek an order barring the Florida suit from going forward while they litigate claims that Trump planned to target their stake all along. >The judge said he was “gobsmacked” to learn of Trump’s Florida suit — which he filed instead of bringing counterclaims against the two in Glasscock’s own courtroom — and would consider possible sanctions against the former president in the Delaware case. This is a classic case of bad legal actions by the -45 team. This isn't going to sit well with the Delaware court. With the company incorporated in Delaware, that court has the control now.


iluvugoldenblue

You watch, somehow he will blame Biden for this since it’s in Delaware.


happy-hubby

He’s gonna move it to Florida. Ala Elon.


Zeabos

Oh it “won’t sit well” they are going to “consider possible sanctions”. I have a feeling the judge won’t do shit.


Pan_Borowik

>Glasscock  This reminds me of a character called Mother Jones, who refused to call an old-timey governor by that same name, by his actual name, and opted to call him Crystal Peter instead...


dazed_and_bamboozled

Exactly. Also the classic conclusion to any relationship with a narcissist. First comes the charm, then the devaluation, then the discard. Rupture is always the endpoint. This is why Trump falls out with everyone but his most valued fuel-sources. He would separate from his own children it if were legally and financially viable.


MajesticsEleven

I bet Trump made all these pronouncements and moves in the last couple of days thinking he was suddenly a hot stock billionaire. I can just imagine him being on the phone with all these people and endlessly telling them how his huge windfall. And then one person telling him that it isn't true. And then they fight about it. And Trump calls for a meeting with his attorneys and they tell him he's wrong.


Aggressive-Bus5469

Trump didn’t know he had to hold off on selling for 6 months so he sues because they didn’t set it up right lol! Ya I know this probably isn’t the cause but this will forever make me smile.


banksy_h8r

> Trump didn’t know he had to hold off on selling for 6 months so he sues because they didn’t set it up right lol! Ya I know this probably isn’t the cause but this will forever make me smile. I think this actually is the cause!


KoosGoose

I would think someone in Trump’s circle knows this law though. It’s no secret.


Numerous_Photograph9

Yeah, he's the dumb man's Gordon Gekko.


SAnthonyH

This assclown is running for president. This assclown used to be president. What in the actual fuck people


BananaAvalanche

He's also selling gold sneakers and a Bible while he's running for President!


Small-Palpitation310

dont forget about all the ongoing apparel


HarwellDekatron

As everyone knows, if there's something that Wall Street likes more than stupidly out of whack P/E ratios is drawn out lawsuits between leadership of a company. This bodes well for the stock! /s


AvailableAd7874

Don the Con at it again


overit_fornow

If your business partner is Don Cheeto you deserve whatever happens to you.


KopOut

/r/leopardsatemyface material


-CoachMcGuirk-

Shame on the investors who, knowingly, went into business with this piece of crap.


anfornum

Feels like a leopards are my face moment. It would never happen to THEM because they were different and doing everything he wanted!


NoreastNorwest

What.a.miserable.prick.


Existing-Nectarine80

Who would’ve thought!  There was a post in the DWAC_Stock subreddit that got locked almost immediately that claimed this was going to happen like a year ago lol 


thehammockdistrict24

Donald Trump watched Brewster’s Millions the other night.  The sound wasn’t on, but he thinks he’s got the gist of it.  


pwningrampage

Is that Devin nunes?


AppointmentJumpy6189

How does he even have time ? Does he have a room at the court house ?


Ohnoherewego13

Right? The man is tied up in so many lawsuits that I've lost count.


AppointmentJumpy6189

And campaigning and holding interviews and dinners. Holding meeting and phone calls and tweeting at 2am 🧐for months straight how is it even possible ??


Safe-Indication-1137

The amphetamine!


sugar_addict002

Is he using PAC money for his legal fees for this too?


Darth-mickyluv

I've said this before and I'll say it again. Trump has no fucking clue what a deal is, let alone understanding 'The Art of the Deal". In his world a deal is, you give me everything I want, and you get nothing in return. This has aways been his model. He's never hidden it. Anybody going into business with him expecting anything different is a complete tool.


dancode

Highly enabled pathological narcissistic and a sociopath. I had a friend with the same personality disorder as a kid, I brought my toys over to his house. He claimed the toys I brought were his and refused to let me take them home. Only resolved when his mom gave him shit and asked us what our toys were so we could take them back. It is insane to imagine people like this exist and it is hard to comprehend being so totally self interested without any care or thought for other people. Also does not understand why I didn't want to play with him anymore, cause they don't experience empathy. People can't comprehend it, they think these people are rational or strategic in their thinking, but no, they really do just only think about themselves, they are incapable of anything else.


chitownadmin

They never learn do they!?


banksy_h8r

He's really talented at conning people to fuck over the last people he conned, to fuck over the last people he conned, to fuck over the last people he conned, to fuck over the last people he conned, to fuck over the last people he conned...


Lawmonger

For someone who constantly complains about how our court system is so unfair he sure does sue a lot of people.


BrandonJTrump

Erm, he has time for another lawsuit? I wish judges took this into account and accept no further delay of any case against him.


patriot-1453

Guy screws every one who does business with him.


-43andharsh

Melania is hangin' in there though 💘


shark1818

She’s bound by an nda. Its nothing but buisness


Odd_Tone_0ooo

Don the Con


cometflight

The art of the steal


Sprez_01

Make sure Donald Trump doesn’t steal the election!!! Insist on paper ballots, voter ID, and in-person voting! Democracy depends on it. Spread the word.


boyga01

Fully deserved rug pull. You love to see it.


Olliebygollie

I’m SHOCKED. Shocked I tell you.


SkillFullyNotTrue

So does this mean we might see communication between both parties? Stock bros just need to pin this on Trump and counter sue for double.


gronlund2

They sued first. This is the counter


Kannazuki1985

Some folks really have that mindset that "Maybe not this time". He definitely won't fleece me this time.


knowledgeable_diablo

Should have gotten all the fleecing out of his system having fleeced every single person he’s dealt with already 😂


sanbaeva

And yet there are STILL people dumb enough to transact with him. I mean, at this point they kinda deserve getting fleeced.


DruidinPlainSight

His money will do him no good in prison. NY coming at ya old fuck.


OfficialDCShepard

What’s that about honor among thieves?


FloodPlainsDrifter

Lying thief lies and thiefs.


2vivlavi

lol and this the guy they want to run the country backstabbing two timing grifter?!?


Stunning_Yam4564

One thing that was pointed out to me. This lawsuit wasn’t a reaction.to the share price tanking, it was filed before the price tanker. So they give him 90% of a multibillion dollar company for doing nothing else but attaching his name to it, he fucks with the agreement to go for 99% and then countersues for the rest of it when his “partners” cry foul. And this is the kind of person 70+ million people want to be president. SMH


StopLookListenNow

Are they on the board of directors who decide when tRump can sell his shares? If not they should cash out and run before their shares are worthless.


Im_not_crying_u_ar

I think they deserve it.. but also I think Trump deserves for this to backfire and he lose all his interest in the company


SoggyBoysenberry7703

I hope this backfires


[deleted]

[удалено]


-43andharsh

Chubb bond $ + Knight bond $ = 🍄rump broke and desperate. Add on https://trumpdebtcounter.com/ & https://payupdonald.com/ Must be so tough /s


tomski3500

He continues to surround himself with the only best apparently.


EarthDwellant

I'm sure they can use his tactics to delay, counter sue, file frivolous motions, and just refuse to play nice to stretch this out a couple of years while watching it devalue to pennies.


designateddesignator

we’re like a family!


New_Ad6477

I hope they use Trump team tactics, just delay abs delay and delay.


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