Posted on 03/22/2024 9:24:47 AM PDT by ChicagoConservative27
Former President Donald Trump stands to get a windfall of $3.5 billion now that shareholders of Digital World Acquisition Corp. have approved a merger with his Truth Social on Friday.
The potential multibillion dollar infusion comes as New York Attorney General Letitia James is moving to seize Trump’s assets to pay a $464 million bond in his New York civil fraud case.
The long-delayed merger came after the Securities and Exchange Commission (SEC) approved it last month, and means that Trump’s company Trump Media & Technology Group will trade on the stock market under the stock ticker “DJT” as early as next week.
(Excerpt) Read more at breitbart.com ...
and it likely won’t be able to be done before monday when the commie letitia will begin seizing Trumps properties
It’s 3.5 Bil...he only needs half a bil...
He’s not going to sell his shares. These people are crooks and not at all bright.
Naw...Trumop has someone behind Curtain No. 2...with a paper that says at the top....Art of the Deal - 2024
yeah but then he won’t have the cash to campaign i guess- which is exactly what the left planned on
tell your broker you want to buy DWAC TODAY. You’ll get in at a much better price and come Monday/Tuesday you will own DJT
He can’t leave himself cash poor because he needs some liquidity to pay salaries, bills and such. So an infusion of cash from a stock sale would help a lot in this situation.
I hope so! Hope this all backfires on the left bigtime and Trump comes out making a ton of $$ plus is able to sue for the court for political harassment and for breaking the rules about no grossly large fines- whatever it’s called-
Wonder if she tore all her hair out after hearing this?????
Letitia needs to be reminded that the deadline is CLOSE of business on Monday, and not 12:01 a.m.
I doubt they care really- they ignore every other law or rule that doesn’t suit their agenda- The whole Trial was a setup and violation of Trump’s rights- Even the judgement- the massive amount was a violation
however, I do hope Trump is able to pull it off- and get the $$ before the close of the day- By all rights though- He shouldn’t have to and should be allowed to appeal the decision without first having to pay up- that too i believe is a violation- They hit him with massive fine, then tell him he can’t appeal UNLESS he comes up with the money- this is mafia type oppression and shouldn’t be allowed-
I’d like to suggest dumping $400+ million on the court in pennies.
Trump might want to check with Judge Moron if the price is too much. 🤔
He’s not selling. It’s a merger so I believe the value of his stock in Truth increased beyond what its value was before the merger.
Let them eat stock.
I agree he will not sell his shares!
I pray that all those that can buy DJT stock, do so.
I pray this IPO goes through the roof!
It seems unlikely the Board will waive any cool-down requirements before selling shares. Trump’s own legal fights could have an unanticipated impact on the share price, and the 4 “founders” are all suing and counter-suing each other over the ownership distribution language.
Is there some reason for the March 25th deadline or Letitia just picked that date on a whim?
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