No. of Recommendations: 1
I put this on the wrong board by accident, I have no idea how to move it here. Several old friends asked me to explain what is going on with the DJT , the IPO, and what to expect next, so I'm sharing my reply. " This is what is going to happen. The Board of Directors of DJT the parent public company is going to put out a press release to read as follows. The BODs has unanimously agreed to amend the lock up provision on Mr Trumps shares in the company. As a result 20 million of Mr. Trumps shares will now be eligible to be used as collateral for loans or the shares can be sold in the public market free of restriction, immediately. Mr. Trump has represented to the Board that at this time, he has no plans to request additional changes to his lock up agreement. That's what the company should do at the close of business today. The stock has traded heavy volume and the additional Trump shares added to the float would help to make the stock more liquid and to trade in a more orderly fashion. If Trump sells 10 million shares next week he would net a cool 500 million round numbers. You can bet the honorable Liz Warren, Bernie Sanders, Raskin , and the usual suspects etc , have been up all night trying to push the SEC to prevent this obvious move. Can they stop Trump from scoring large $$, stay tuned? Hope that explains it friends. 🍿
