• Re: The latest pump and dump

    From George Anthony@21:1/5 to Technobarbarian on Sun Mar 24 20:47:54 2024
    On 3/24/2024 5:27 PM, Technobarbarian wrote:


    The math still doesn't even begin to add up. This one is an obvious
    pump and dump.

    "The shell company Digital World Acquisition Corp.
    saw its share price plunge nearly 14% in the hours following
    shareholder approval Friday morning of a merger with the former
    president?s social media company to take it public."

    "The decline could reflect concerns about whether Trump Media &
    Technology Group, which is being merged with DWAC, can ultimately
    deliver significant revenue ? and whether Trump will try to cash in on
    his share early because of his many legal problems.

    TMTG, which owns the Trump Social platform that Trump used Saturday to proclaim his love for the app, reported losses of nearly $50 million
    over the first three financial quarters of 2023. It booked less than
    $3.5 million in revenue during that time."

    "Trump Media will use the ticker symbol DJT when it begins trading on
    the NASDAQ stock market as soon as next week.

    That same ticker was used for Trump?s prior publicly traded company,
    Trump Hotels & Casino Resorts, whose shares traded on the New York Stock Exchange beginning in 1995.

    That company lost money every year it operated and ended up filing for bankruptcy protection in 2004, the same year it was delisted from the exchange."

    https://www.cnbc.com/2024/03/23/trump-says-i-love-truth-social-after- dwac-stock-plunges-.html

    LOL "Significant revenue?" That isn't likely and it isn't going to
    be orange jesus's problem. Monday could be an interesting day for the
    idiot.

    TB



    Why, what will happen to you on Monday?

    --- SoupGate-Win32 v1.05
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  • From bfh@21:1/5 to Technobarbarian on Mon Mar 25 13:01:12 2024
    Technobarbarian wrote:
    In article <utql49$mvfo$1@dont-email.me>, ganthony@gmail.org says...

    That company lost money every year it operated and ended up filing for
    bankruptcy protection in 2004, the same year it was delisted from the
    exchange."

    https://www.cnbc.com/2024/03/23/trump-says-i-love-truth-social-after-
    dwac-stock-plunges-.html

    LOL "Significant revenue?" That isn't likely and it isn't going to >>> be orange jesus's problem. Monday could be an interesting day for the
    idiot.

    You're right. It got interesting. -----------------------------------------------------
    A New York appeals court has given Donald Trump 10 more days to post
    his bond as he appeals the civil fraud judgment against him and cut
    the amount necessary to $175 million

    It’s a major lifeline for the former president, who, along with his
    adult sons and his company, were fined more than $464 million,
    including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.

    The ruling staves off the prospect, for now, of New York Attorney
    General Letitia James seeking to seize the former president’s property
    to enforce the judgment against him. Trump had been struggling to come
    up with the means to post a bond of more than $500 million, the total
    that he would have needed before Monday’s appellate decision.

    Trump said on Truth Social on Monday that he would “abide by the
    decision and post either a bond, equivalent securities, or cash” to
    meet the terms of the judgment. His attorneys said last week he was
    struggling to come up with bond to cover the full amount, noting that
    banks would not approve bond of more than $100 million.

    The ruling stated that the $175 million bond will be in place until at
    least September, meaning James won’t be able to seek to enforce the
    judgment against Trump until then.

    The order stayed the enforcement of several penalties Engoron had
    handed down in addition to the fine, including that Trump and his sons
    can still run a business in New York and obtain loans from New York
    financial institutions for now.

    The order blocked those penalties in the judgment but also stated that
    the court-ordered monitor and the appointment of a compliance director
    will remain in place. -------------------------------------------------------------------

    Why, what will happen to you on Monday?


    Today I expect to smile and laugh frequently.

    Does the interesting day the idiot had make you smile and laugh?

    --
    bill
    Theory don't mean squat if it don't work.

    --- SoupGate-Win32 v1.05
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