Posted on 03/24/2024 11:17:37 AM PDT by libstripper
The former president Donald Trump’s social media company, Truth Social, was formed, and shareholders of the shell corporation that controls it have voted for the company to go public, giving the Republican up to $4 billion in cash at a pivotal point in his continuing criminal and legal prosecutions.
Truth Social would be listed on the NASDAQ Stock Exchange with the ticket “DJT” following a vote by the owners of the Trump Media & Technology Group to merge with Digital World Acquisition Corp, a special purpose acquisition company, or SPAC.
(Excerpt) Read more at republic-brief.com ...
I guess it would depend on the terms of the agreement. The board members are well known to Trump. My concern is that she will freeze his bank accounts making it impossible to get the money.
We are about to see how deep the TDS runs in NY. If they're as depraved as I think they are, they'll try and seize anything and everything, no matter who else gets drawn into their lawfare trap.
In their eyes, just being in business with Trump makes his partners guilty, and deserving to be mugged along with him.
But the partners will sue, right? And end up in the same kangaroo court Trump got dragged into? Do you think they'd win?
I don't think she cares about optics at all.
The litigation issues would be truly mind-boggling since it would affect every partnership in the country.
At the end of the day I think she is bluffing—but we will see.
He wont sell any but he should be able to borrow against the shares.
I heard Turley saying that as well. I personally dont think that is going to be a problem for these prosecutors. They dont give a crap about the law, they’ve made that clear.
He’s in a 6 month lockup for selling but I don’t think he’ll even sell after that. The lockup currently including borrowing against the value of the stock but the board ‘may’ lift that prohibition.
My 2c theory is that he doesn’t do ANYTHING on the bond and leaves it to the Letyrant to try to take possession of his property. It will backfire on them to the nth degree.
he absolutely will NOT sell. no chance.
its 45 days
There are owners/tenants in Trump buildings.
She cannot just sweep them all out.
6 months and he can’t use it as collateral for a loan either.
“Judge” Engoron: “OOPS! I made a mistake, everyone. When I told Trump his fine was 465 million, I made a decimal point mistake. I *meant* 4 billion, 65 million!”
I wouldn’t doubt it. NY state is going to go into massive debt because of the loss of tax revenue.
So far, it’s been impossible to get a bond and tomorrow’s the deadline. DJT won’t be trading as such for a couple of days most likely and I’m sure there’s required time to margin it.
He may do nothing by default. Time will tell.
She can try.
Most of Trump’s assets have somebody else as the official corporate head. His adult sons run most of his empire, and Tish can’t legally steal from them.
Tish is going to end up like the dog who caught a car.
Judge Engoron needs an EXORCISM by his RABBI!! HE IS PURE EVIL!
That is the problem and a huge danger. These are not ordinary assets, they are very high-end rental real estate. The value depends on high-end tenants wanting to stay.
The gorilla certainly will not know how to maintain or promote them and this will destroy their value. Sort of a self-fulfilling prophecy. They will drop even below where Engoron claims their value lies.
DJT must keep control to insure their value.
My bet is that he puts up cash tomorrow, and uses the social media stock money to finance his campaign. Not even one cent of this money is ever going to enter the state of New York.
He may need to temporarily borrow against the stock, but he will be able to pay it all back before this year is out..
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