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In reply to the discussion: No, Trump is not getting $3 billion from Truth Social [View all]CincyDem
(6,410 posts)25. oh yeah - on that we agree.
After that...there's no "product" to support the price.
Unfortunately, until then, it's going to be a money IV for him and, IIRC, the FEC doesn't put a limit on how much of their personal money a candidate can spend. This is a grift to turn OPM into TrumpBucks to line his pockets and get out from under all the restrictions on non-US contributions to a political campaign.
What a f'ing grift.
But yeah...short the living chit out of it in mid-October. lolol
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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
Not till the merger goes through, and not till he has enough collateral on paper that Deutsch Bank or
Scrivener7
Mar 26
#7
The collateral is his stake in the stock on paper. Which is now at $73 per share.
Scrivener7
Mar 26
#11
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
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
So I wonder which is correct. Morningstar and Marketwatch are both decent sources.
Scrivener7
Mar 26
#37
Thanks for this post that clearly breaks down the truth social stock situation. n/t
iluvtennis
Mar 26
#19
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