Trump's Truth Social to go public?

Sarkus said:
I also question how the SEC can not be looking at this whole debacle and not be looking to indict the various players, Trump included, for unabashed fraud: their prospectus had projections of something like 150m of sales in 2024, and c.835m USD in 2025. It is basically making income of less than 1m per quarter at present, while having lost c.400m over the last 2 years (a write-off of c.300m and c.50m of operating losses p.a.). Is the SEC that impotent and its rules that slack to allow this Trump-enrichment scheme a free pass??
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From my inside scoop... not only is the SEC gonna come down hard on the various players... Trumps gonna be included.!!!
But 23 years from now after the last of his appeals have finally been denied... Trump will have passed away peacefully in his sleep ;)
 
At time of writing: 15.61! (It has dropped from 15.82 to 15.61 while I have been writing this!)
It had briefly "rallied" to c.18.6 by close of business yesterday (although peaked during the day at 20.1), but that was before Trump's performance in the debate with Harris. So since c.o.b. yesterday it has dropped 15% in "after-hours" trading. If this stock is in any way an indication of how people are judging that debate, and/or his chances of somehow (legitimately) regaining the White House, then the message would seem to be clear.
Of course, it could just be that the lifting of the restriction on Trump being able to sell his stock is fast approaching, and people off-loading when they can.
 
So Trump announced that he has no intention of selling his DJT stock, which caused the price to jump 25%, but then close the day just shy of 18. If that's true then so be it, but I would suggest the SEC watch the next couple of weeks carefully, as if he does end up selling, even just a small amount of his stock, then would he not be open to claims of stock manipulation, insider trading, or other such offences?

Anyhoo, even if he doesn't sell, the stock is still, as mentioned numerous times and as reported widely, vastly overpriced compared to it's fundamentals.
 
His plan could be to hold onto it (not rock the boat) just in case he wins the election... which could cause his shares to "reach numbers no one has ever seen before"... an then sell off many billions -_O
 
Sure, but is he really one to bet over a billion dollars of his own money (albeit in unrealised gains) on him winning the election? I think his recent announcement (that he won't be selling) was a misstep, and he'll ultimately regret it.

Anyhoo - for the 1 or 2 people still following the progress of this meme-stock: 14.56 at time of writing.
 
Sarkus said:
Sure, but is he really one to bet over a billion dollars of his own money (albeit in unrealised gains) on him winning the election? I think his recent announcement (that he won't be selling) was a misstep, and he'll ultimately regret it.

Anyhoo - for the 1 or 2 people still following the progress of this meme-stock: 14.56 at time of writing.
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If Trump hadnt of said he woudnt be selling it mite have dropped to 7.56 or lower :eek:... so he's running scared :oops:

In defence of Trump... by "wont be selling"... he might have just ment he wont sell on the first day possible... an then sell on the next day... which would likely just mean more lawsuits added to the ones he already has.!!!

Thers so many personal an legal issues wit DJT stock… hes likely damned whenever he sells or don't sell… sad :(
 
13.85 in after-hours trading.
Today is the day that Trump (and others) can sell their stock after their 6-month lock-in. I'd expect some reasonable drop in price as those who aren't Trump try to cash in while the price is still significantly overvalued. If Trump sells, even a reasonable fraction, then, given his recent assurances that he won't be, the SEC should be all over him.
Maybe the current price has the imminent dumping by others factored in, but I doubt it.
 
12.70 at time of writing.
The company is still valued at a staggering 2.7 billion dollars, even at that price.
 
12.10 and dropping. This may be the non-Trump insiders selling off their stake, but the slide toward single-digits seems unstoppable. ;)
 
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