The recent deal concerning Truth Social won’t help Trump anytime soon. I’ve read reports that the deal gives him a big stake in the merged company, but on the condition that he can’t sell any of the stock for six months.
Could he use the stock as part of the collateral to induce a surety company to issue a bond? I’m dubious. Those companies like to be certain that, if they have to pay on the bond, they’ll be able to recover what they’re out. Valuing Truth Social is a tricky proposition. Who knows what Trump’s shares will be worth six months from now?
The former president has 30 days from the ruling to come up with the cash or secure a bond to appeal the $364m verdict against him, a figure that is growing to nearly half a billion dollars with daily interest. An appeal would effectively require a deposit in the form of a bond to front the costs for him.
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Sorry to learn of this caveat about his not being able to sell any stock for six months when he ONLY has 30 days to file his appeal—and post BOND.
Thinking that he expected a severe verdict from the biased judge and somehow has a plan.
Still will hold out hope that a few wealthy friends will be able to help somehow.
“The recent deal concerning Truth Social won’t help Trump anytime soon.”
If you think someone with a net worth of $8+ Billion dollars and has properties all over the world can’t secure a $500M Bond or loan, you haven’t been watching Donald Trump for the past 45 years.
I guess Trump was just talkin’ trash yesterday when he said, we will appeal.