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Started By
Message
New York atny general files suit to tax DJT stock at its high of 79.86, stk drops 20 per c
Posted on 4/1/24 at 11:19 am
Posted on 4/1/24 at 11:19 am
DJT is actually at 50 bucks down 20 per cent today. the rest is April fool, maybe
5
Posted on 4/1/24 at 11:20 am to Trevaylin
Posted on 4/1/24 at 11:23 am to Trevaylin
quote:
New York atny general files suit to tax DJT stock at its high of 79.86, stk drops 20 per c
People should look into how capital fled Canada after Trudeau went after the bank accounts of the truckers in that freedom convoy during covid.
If NYC keeps it up why would any company want to do business in NY moving forward? If they can do this to Trump, they can do this to you.
Posted on 4/1/24 at 11:25 am to tide06
quote:
Shares of Trump Media & Technology Group fell nearly 18% on Monday as the parent of Truth Social platform raised going-concern doubts due to struggles to meet its financial liabilities just days after going public through a blank-check merger.
The company posted a net loss of $58.2 million in the year ended December 2023, compared with a net profit of $50.5 million a year earlier. Revenue was $4.13 million last year, up from $1.47 million in 2022, it said in a filing.
"As of December 31, 2023 and 2022, management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG," the company said.
Posted on 4/1/24 at 11:41 am to saint tiger225
Pretty typical for an IPO, especially in this sector.
Posted on 4/1/24 at 11:49 am to blueboy
quote:
Pretty typical for an IPO, especially in this sector.
But "Trump" is in this IPO is not typical so you need to add TDS hyperbole into every price move.
Posted on 4/1/24 at 11:53 am to Trevaylin
I can't find any news about what your OP claims.
Can you please link to where you heard about it? Thanks.
April Fool's joke??
Can you please link to where you heard about it? Thanks.
April Fool's joke??
Posted on 4/1/24 at 12:22 pm to LSURussian
reread the last 3 words of my post
Posted on 4/1/24 at 12:58 pm to Trevaylin
The idiots are still trying to tax unrealized profits.
Posted on 4/1/24 at 1:18 pm to Trevaylin
quote:
DJT is actually at 50 bucks down 20 per cent today.
quote:So before progs celebrate DJT falling 20%, they should understand some of that fall is likely d/t new issuance of 40m new shares, of which 36m go to Trump.
Trump’s existing stake of 78.75 million shares of the company has surged in value to $4.2 billion after the surge in Trump Media’s stock in the past week.
Trump Media shares are down 14% at $53.55 Monday but have risen more than 40% since the company’s SPAC merger on March 25. The company now has a market value of $7.3 billion based on 135 million outstanding shares.
Trump’s earnout shares would boost his interest by 36 million shares to 114.75 million shares, which would be worth $6.2 billion.
A Form 3 filing Thursday restates the terms of the earnout shares, which were laid out in the company’s merger proxy with the SPAC Digital World Acquisition and reported by Barron’s last week.
There are 40 million earnout shares and Trump is entitled to 36 million, or 90%, matching his ownership of Trump Media prior to the SPAC merger. His stake is now about 59% of the company after the SPAC merger.
Barrons
If that's too complicated, think of it this way, Trump is set to own 114.75 million shares of DJT. At $50 share, Trump's stake would be $5.74 Billion
This post was edited on 4/1/24 at 2:02 pm
Posted on 4/1/24 at 2:05 pm to blueboy
quote:Pretty typical for an IPO to have $4 million in revenue?
Pretty typical for an IPO, especially in this sector.
Posted on 4/1/24 at 2:13 pm to Big Scrub TX
There's truly a lot of retards on this site...such as yourself.
This post was edited on 4/1/24 at 4:03 pm
Posted on 4/1/24 at 2:18 pm to Big Scrub TX
quote:Sounds like you've got it figured out. So you're shorting the stock?
Pretty typical for an IPO to have $4 million in revenue?
Posted on 4/1/24 at 2:38 pm to NC_Tigah
quote:I'm only interested in value plays. Given how everyone already knows this is flim flam, it's difficult/expensive to short. As Russian said, there are no physical shares to borrow. And the options markets imply absurdly expensive neg borrow rates. (Compare with a normal stock where one is PAID a short borrow rate).
Sounds like you've got it figured out. So you're shorting the stock?
So, it's an obviously stupid long and an uneconomic short.
By comparison, the most recent high-profile IPO - Reddit - generated more than $800M in revs in 2023. $4M is fricking hilarious. It's amazing how unwilling some of you are to see a grift for a grift.
Posted on 4/1/24 at 2:49 pm to blueboy
quote:
Pretty typical for an IPO, especially in this sector.
That poster is a fedora wearing tds clown
Posted on 4/1/24 at 3:11 pm to tide06
quote:
If they can do this to Trump, they can do this to you.
With a lot less publicity, people really need to wake up.
Posted on 4/1/24 at 3:36 pm to blueboy
quote:
Pretty typical for an IPO, especially in this sector.
True. New IPO's typically climb fast due to FOMO, then fall back down to more realistic levels.
If you can catch the ride up then sell, one can make a profit. Most shares are bought up by the big boys before market even opens in the US and the average joe gets the crumbs.
Posted on 4/1/24 at 3:43 pm to SDVTiger
quote:
That poster is a fedora wearing tds clown
Please list the past 4 or 5 media IPOs and their revenues at IPO. I already gave you 1 - Reddit - from just a few weeks ago. It's 2023 revenues were more than 200 times DJT's.
The idea that it's "typical" to have such tiny revs is utterly absurd. Typical for low-information voters. But by all means, keep spewing the same ad hom nonsense and ignore the numbers.
Posted on 4/1/24 at 4:01 pm to SDVTiger
Maga cap wearing poster with bds
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