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 think he’s not able to sell the stock for 90 days or something like that. I do think, however, that he will use other means to post the bond tomorrow.
Right.
Soon....Court rules Trump offering is not allowed.
In a related case court rules the returnable can and bottle refund money from supporters can go to pay legal bills.
He is not able to sell it to sell it, but he might be able to use it to secure a loan that would provide the bond. Whether he would or not I don’t know. That’s the question I’m posing to the other people on this forum.
Registered in Sarasota Florida
We are talking NYC. Why can’t the original judgement be appealed? If that black robed hood can order a judgement of $454 M, what stops him from upping it to $5T?
New York State just made borrowing money in NY a crime when they prevailed over Trump.
probably the only way they will accept the 500 million is as cash from DJT
>6 months. I think he should play chicken with her and dare her to seize his assets. The gorilla wouldn’t know what to do and the optics would be awful for her and the other scumbags going after him.
I agree. She can’t seize those assets because they’re owned by multiple parties, and the fact she’s attempting to will bankrupt the state due to massive losses in business. Much of Manhattan is already losing commercial real estate, and this will simply accelerate it. They’ll reign over the ashes.
I heard the board can waver the 90 day rule.
"And just like that (snaps fingers) Trump transitioned from immobile bricks-and-stone wealth to highly mobile virtual wealth."
If that’s the case, they’ll most definitely wave it, he’ll sell the stock, and then pay Monday.
Should be interesting if he does. Then the Dems will accuse him of financial chicanery and sick the SEC on him.
That certainly would make the hole they are digging deeper.
The board can and will waive the rule.
Queen Letitia will start seizing assets ASAP. She is a Marxist and could care less about optics, her job is to take down Trump as many notches as possible. They figured out how much money they had to take from Trump to potentially cripple his campaign, so they have a plan that they are executing.
He cannot appeal unless he posts a bond for the amount of the fine or whatever you call it, set by the corrupt judge. Interest is also accruing. Trump’s problem is he hasn’t been able to secure a bond from anyone.
Supposedly he’s said he’s got $500 million in money he’s set aside for campaigning, thus the judge coming up with an amount that would drain him of personal campaign cash.
I believe there is a deadline Monday (tomorrow). James has already filed paperwork with a court to start seizure proceedings for Trump RE.
The two affirmative action ghettopotamuses are having wet dreams thinking their fat asses are going to get “reparations” no matter if they have to rob the treasuries or steal it from President Trump. They need their asses deported.
Good luck seizing assets owned by partnerships.
That will be fun to watch.
I wish all the wealthy developers who are threatening to pull out of New York would actually get in the fight, instead. Find and finance a candidate to replace her, fund an impeachment effort (if New York law allows for it), ramp up pressure to have her disbarred. Whatever it takes.
Yes but would that fact it might be convenient for Trump for them to waive it be a good enough reason to set precedent here towards future waiver requests as well?
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