I looked it up the other day. The float that’s currently available to trade is 6.32m shares. The total shares are 138.81m shares. And that’s not even counting all the warrants outstanding (DJTWW). As I understand it, those are like options issued by the company, but when they are exercised they dilute the stock even further instead of entitling you to buy existing shares.
Right now it’s just about 4.6% of the shares being traded by idiots who think Trump will make them rich and people taking advantage of those idiots. As soon as all those restricted shares hit the market, they’ll be worthless. And I’m not just talking about Trump’s shares, there are a lot of other insiders with restricted shares.
It’ll be interesting though. It’s kind of like a prisoners dilemma. If they all just hold and trickle out their shares over a long period of time, they could fleece a shit-ton of money from MAGAts before the bottom drops out, leaving them holding the bag. But they all know if any one of them dumps, the stock will tank and maybe even the idiots that buy trump bucks can’t bring it back up.
What do you think the chances are that they’ll all rush to be the first ones out because they think at least one other person will do the same causing it to go to pennies within days of those shares becoming available to trade?
Disclaimer: zero money in this market. Dump and run. I don’t trust other people to play ball. The ship is gonna sink, get out while it keeps you in the green, reinvest in something more stable. I wouldn’t feel the least bit bad for triggering the crash.
This is all fake money. I can say that my hat is worth $6b, even prove it by selling a molecule of it to my buddy for $1, but that doesn’t mean I have $6b.
He might not be able to sell it, but he could get a loan off of it. That stock shouldn’t be worth anything, but unfortunately it’s too easy to have stock at crazy high valuations.
If he liquidates his stock, the share price will tank.
I wonder if he can form a holding company, list the stock as the asset, then sell the holding company. This way the stock never changes hands, it won’t affect the share price, and he can cash out.
One would HOPE that the regulators wouldn’t allow that but who the hell knows.
I believe the stock he owns can’t change hands at all. So there’s no way to transfer it to a holding company.
US regulators are not stupid, especially when it comes to safeguarding investments. Anyone who owns 5% or more of a public company has to file regular reports with the SEC about the size of their investment. You can look these up.
Probably not in Trumps specific case. If he goes to prison, or otherwise runs out of cash( which is not unlikely) Truth Social will likely go bankrupt, so it’s not really useful as collateral.
Very different from e.g. Bezos who (for all his faults) build a company that continues to hold some value even in the unlikely event that Bezos makes stupid personal financial decisions.
Yeah. Bezos could die and there would still be plenty of value in Amazon. A little wacky shit over the election or, gods willing, a stroke or heart attack that leaves him mostly crippled and Truth Social will die in a quick fucking hurry.
As long as people buy stocks at a price it has that value. This is shady as fuck and most likely some kind of unethical financial fraud, but so is ths stock market in general.
It’s very easy to launder money like this in the market. Bunch of Russian shells start buying up stock as a shadow payment to Trump -> Board gives him 1.8b while the entity keeps the rest.
I’ve read that there were tons of short sales at the beginning. The company started getting word to investors to not lend shares to short sellers. This has forced short sellers to buy shares which drives up the price.
There’s a good chance it’ll tank again. The only thing that could keep it high is if there’s enough meme buyers or, you know, foreign investors that want to give them money for some reason…
It’s difficult bc knowledge is domain specific, and one cannot know everything, plus there are many bad actors out there - most especially the media itself these days that will say pretty much ANYTHING that will drive a few clicks:-(. But at least hearing a voice of sanity can help.:-)
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