Also, several "TruthSocial" subscribers have filed complaints with the FTC alleging scam operators on TS have cleaned them out, and are demanding redress. Scam operators on "TruthSocial"? Shocked - I said - SHOCKED that it's happening to MAGATs on their Leader's SM site...NOT!
I think there’s also another reason. Just about a week ago, the CONVICTED FELON was quoted as saying he wasn’t going to sell his stock (I believe a reporter asked him that question). He probably, as usual, just spouted that out without realizing what consequences it might have, wanting to appear loyal to his own company. He should have talked to his lawyers before saying anything. Now, he likely has. If he were to sell now, so shortly after denying he would, he would be violating securities law rules on disclosure of significant information. The SEC could take action or other shareholders could sue. He doesn’t need that publicity or legal jeopardy in the ending weeks of this campaign, while he still thinks he can win, or claim to.
How bad will I feel when the rubes get fleeced? About as bad as I do when he’s conned them countless other times. That’s the price they pay for being a Trump stooge.
I was going to write something pithy about how Donald owns more than half of the company, so the longer the rubes see him sticking around, the more he will eventually make , now that all the people who know what the fuck they’re doing (investing-wise) are out. But I went to confirm that % because I don’t like to be a purveyor of mosinfo and do you know what’s absolutely nuts? I read 3 articles and every one of them gave a different number - 57%, 70% and 80%. So who the hell knows. Some articles said DJTJ was granted shares, some not. The only consistent thing across them? Nunez owned a grand total of 1%. I’m sure he wishes he could’ve cashed out 6 months ago because they’re only paying him $750k/year. This company is so fucking sketchy.
The research I did almost two weeks ago was that Trump held 114.5M shares, and had options for about 15 million more if certain financial goals were met (and there is no chance of those goals being met).
Sketchy AF all the way though.
Nunez sold his the second that his lockup expired.
I love watching the DJT stock price plummet, whilst enjoying a nice hearty Cabernet along with calf’s liver and fava beans. Next to this hobby, I enjoy it when DJ T himself speaks of how rising sea levels will somehow give more front property acreage. Someone should really demonstrate to him how this works, perhaps with Melania in the bathtub, holding perfectly still as the water level rises. Be best! Will be wild?!
Oh, Geoff. This is delicious. I’m distracted a lot lately (new job, bonehead beginner blues), and you put Schadenfreude in to go containers for me to enjoy.
Money laundering
Also, several "TruthSocial" subscribers have filed complaints with the FTC alleging scam operators on TS have cleaned them out, and are demanding redress. Scam operators on "TruthSocial"? Shocked - I said - SHOCKED that it's happening to MAGATs on their Leader's SM site...NOT!
I think there’s also another reason. Just about a week ago, the CONVICTED FELON was quoted as saying he wasn’t going to sell his stock (I believe a reporter asked him that question). He probably, as usual, just spouted that out without realizing what consequences it might have, wanting to appear loyal to his own company. He should have talked to his lawyers before saying anything. Now, he likely has. If he were to sell now, so shortly after denying he would, he would be violating securities law rules on disclosure of significant information. The SEC could take action or other shareholders could sue. He doesn’t need that publicity or legal jeopardy in the ending weeks of this campaign, while he still thinks he can win, or claim to.
Yeah, probably some truth to that, but as we’ve seen with Musk, the SEC is fairly toothless at times.
I assumed the price went up because so many people were shorting the stock.
The rubes never get tired of being fleeced yet they bitch and complain about their gas and groceries. Give me a fucking break and shut up!
🏆
How bad will I feel when the rubes get fleeced? About as bad as I do when he’s conned them countless other times. That’s the price they pay for being a Trump stooge.
The question is more: "How much popcorn will I need?"
Ans: A LOT
I was going to write something pithy about how Donald owns more than half of the company, so the longer the rubes see him sticking around, the more he will eventually make , now that all the people who know what the fuck they’re doing (investing-wise) are out. But I went to confirm that % because I don’t like to be a purveyor of mosinfo and do you know what’s absolutely nuts? I read 3 articles and every one of them gave a different number - 57%, 70% and 80%. So who the hell knows. Some articles said DJTJ was granted shares, some not. The only consistent thing across them? Nunez owned a grand total of 1%. I’m sure he wishes he could’ve cashed out 6 months ago because they’re only paying him $750k/year. This company is so fucking sketchy.
The research I did almost two weeks ago was that Trump held 114.5M shares, and had options for about 15 million more if certain financial goals were met (and there is no chance of those goals being met).
Sketchy AF all the way though.
Nunez sold his the second that his lockup expired.
I love watching the DJT stock price plummet, whilst enjoying a nice hearty Cabernet along with calf’s liver and fava beans. Next to this hobby, I enjoy it when DJ T himself speaks of how rising sea levels will somehow give more front property acreage. Someone should really demonstrate to him how this works, perhaps with Melania in the bathtub, holding perfectly still as the water level rises. Be best! Will be wild?!
Oh, Geoff. This is delicious. I’m distracted a lot lately (new job, bonehead beginner blues), and you put Schadenfreude in to go containers for me to enjoy.