Always keep in mind that one million times zero equals zero.
- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 0
Good morning albaby, “ Trump’s own wealth could take a hit. According to Barron’s calculations, his paper gains since Trump Media merged with the special purpose acquisition company Digital World Acquisition Corp. would vanish if the stock were to fall below $12.88.
What’s Next: Trump can start selling DJT stock next Friday, which is when the lockup period that began after the merger is set to expire. If the former president were to trim the size of his stake, that could potentially send shares another leg lower.“. Unless the Feds changed the rules , we really don’t know if trump borrowed against his shares. Since Musk never disclosed his borrowing moves, I’m sure the regs haven’t changed which is shameful. There is a chance the, lenders, have been the sellers the past two weeks. We shall know soon enough.
No. of Recommendations: 5
Unless the Feds changed the rules , we really don’t know if trump borrowed against his shares. Trump is not allowed to borrow against those shares until the lock-up period expires. The lock-up agreement prohibits both him selling them and pledging them as collateral for a loan.
https://www.reuters.com/markets/us/trumps-media-co...
No. of Recommendations: 2
...on multiple other threads and websites...
there is no convincing argument on how trump can LEGALLY prevent djt shares from tanking.
of course, he may risk doing something illegal before or after lockup and then contest in court for years.
a complete buyout does not appear to be impossible for whatever amount djt (or any public company) can negotiate, which may have no connection to fundamentals nor share price.
trump can delay notice on whether he is dumping shares via a (private) 105b-1 plan with a broker.
he can also have a vague plan to direct the broker, and\or risk outright violations there as well.
trump's cost basis is $0, any amount greater is personal profit.
once insider shares are unrestricted, trump can negotiate a non-recourse loan with a MAGA friendly bank. this only prevents his own shares from entering the market and tanking shares. other insiders have to find buyers for significant # shares and probably will accept even near-zero prices since it is unclear whether additional retail (most current likely holding losses) nor institutional block buyers really exist.
many paths to a 'no bid' scenarios, i.e. pennies shareprice listing.
No. of Recommendations: 8
Trump is not allowed to borrow against those shares until the lock-up period expires.
How quaint. Still thinking that laws and contracts and agreements mean anything to Trump.
Seriously, sell them to [insert foreign entity here, I'll pick MBS as one plausible example] without registering the sale. Who would know? Or pledge them as collateral. Then report the transaction a day or two after the lockup ends to make it look legit.
If someone complains, let them sue. Or better yet, sue them for defamation. Any criminal prosecution will take years to come to fruition. Much too far away for Trump to care.
And yes, I'm serious here. I think there's a 50/50 shot that he's already divested of at least part of his shares in some way.
--Peter
