General Discussion

edhopper

(33,580 posts) Tue Mar 26, 2024, 09:10 AM Mar 26

No, Trump is not getting $3 billion from Truth Social [View all]

The amount is based on the value of Trump's shares in the new merged company. It is also based on the projected price when the stock goes public. Trump has to wait six months before he can sell. So that $3 billion is based on him selling ALL his shares, but we have no idea what a company with no assets, few subscribers and no advertisers will be selling for in 6 months.
This is why no company would give him the bond with the shares as collateral.
This whole merger is a shell game done to help Trump and put him in debt to whoever controls Digital World (based in WuHan, China)
Of course other foreign friends can help him by pumping up the stock price, but one hopes the SEC keeps an eye on that.
One wonders if a President in debt to foreign entities would have any resonance with voters?

37 replies

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No, Trump is not getting $3 billion from Truth Social [View all] edhopper Mar 26 OP

The value obviously goes way down Johonny Mar 26 #1

Like the presidency & his constituents RevBrotherThomas Mar 26 #15

Not necessarily. CincyDem Mar 26 #17

Its up big today so far Johonny Mar 26 #24

oh yeah - on that we agree. CincyDem Mar 26 #25

You made a good argument why Trump "may not" get 3 billion, gab13by13 Mar 26 #2

True. But the use of the SPAC is done specifically so the SEC WON'T be keeping an eye on it. Scrivener7 Mar 26 #3

Yes edhopper Mar 26 #6

Not till the merger goes through, and not till he has enough collateral on paper that Deutsch Bank or Scrivener7 Mar 26 #7

The merger already went through. TwilightZone Mar 26 #9

The collateral is his stake in the stock on paper. Which is now at $73 per share. Scrivener7 Mar 26 #11

also d45 could ask et tu Mar 26 #16

With the way his board is MAGA stuffed... CincyDem Mar 26 #26

A president in debt to foreign entities, you say? Diamond_Dog Mar 26 #4

The Securities Exchange Commission(SEC) does not mess around. ProudMNDemocrat Mar 26 #5

The price is inflated, it is losing money, gab13by13 Mar 26 #10

They're not going to shut it down just because the valuation is high. TwilightZone Mar 26 #13

If he's able to walk off into the sunset with 3 billion dollars ecstatic Mar 26 #8

Smart investors aren't going to invest in DJT, gab13by13 Mar 26 #12

don't be so sure buying a share could be viewed as a patriotic gesture dembotoz Mar 26 #23

The price this morning is $73. If that holds, he'll get a lot more than $3 billion. Scrivener7 Mar 26 #14

How ridiculous. Just goes to show how great is to have my retirement dependent on a market of nonsense. SouthernDem4ever Mar 26 #21

So how does that work? dumbcat Mar 26 #29

In Feb, when the stock worth was estimated at $48, the estimate of the value of his personal stake was $3.8 billion. Scrivener7 Mar 26 #30

I got the market cap from dumbcat Mar 26 #33

If it were $10,000 it would be over-priced. SouthernDem4ever Mar 26 #36

So I wonder which is correct. Morningstar and Marketwatch are both decent sources. Scrivener7 Mar 26 #37

Wu Han ??!! DoBW Mar 26 #18

Thanks for this post that clearly breaks down the truth social stock situation. n/t iluvtennis Mar 26 #19

Does it really? gab13by13 Mar 26 #28

Yes, it does for me. It says there is no immediate $3 Billion windfall for trump. He has to wait 6 months iluvtennis Mar 26 #32

Gee-Whiz... czarjak Mar 26 #20

Like Mark Cuban said the other day... WarGamer Mar 26 #22

Trumpers will say it's made up Democratic propaganda that he's in debt to foreign leaders BlueKota Mar 26 #27

Can you say "pump and dump"? I knew that you could ... Straw Man Mar 26 #31

It's just another NFT Emrys Mar 26 #34

DJT is a meme stock that relies on the greater fool/idiot theory LetMyPeopleVote Mar 26 #35