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To: airdalecheif

He should sell about $700 million of his holdings into the S1 offering (IPO).

Then, put up cash.

And, then appeal everything.


9 posted on 03/22/2024 6:14:59 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
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To: Andy from Chapel Hill

The way the stock is set up, he cannot sell for 6 months.


12 posted on 03/22/2024 6:17:36 AM PDT by mfish13 (Elections have Consequences.)
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To: Andy from Chapel Hill

He could also file a S-3 to sell his shares, assuming the IB/underwriter agrees.

He does control the majority of shares in TS.


13 posted on 03/22/2024 6:18:52 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
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To: Andy from Chapel Hill
Letitia is rushing to seize his properties before he can get the cash.

I think it was Turley who was explaining the reason he couldn't raise the bond from insurers is that most of his wealth is in real estate and insurance companies don't like real estate as collateral because they would then have to manage it.

Apparently Frank Luntz is worried that if Letitia seizes Trump's properties, that will guarantee Trump winning the election. I kind of doubt that. Democrats will be gloating over it and low-information voters will just believe the media spin.

24 posted on 03/22/2024 6:45:07 AM PDT by Verginius Rufus
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