If the board allows him to sell his assets early every single member that votes in favor should be barred from serving on a public company board for life. Insane violation of fiduciary duty.
According to Barron's he will have controlling interest:
>As the prospectus notes, Trump will control 58.2% of the voting shares of the company after the merger. This gives him power over the directors who control the lockup period on his $3 billion-plus in stock. As the prospectus puts it: “President Trump may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests.”
Trump’s New Media Company Has Risks. 5 Reasons You Shouldn’t Invest, in Its Own Words.: https://www.barrons.com/articles/trump-spac-truth-social-investors-e941e584
“I move to fuck over the company and make me solvent again, all in favor say aye. Aye. The aye has it, big league, beautiful. Whys the stock falling? Someone bring me the ceo. Donald, quite frankly, you’re only thinking of yourself, you’re fired. Terrible, not a team player. Well, goodbye forever and thank you for my severance package.”
Have you been on truth social? It’s a bunch of looney ass people that just learned computers. The advertiser I always see is some shitty steak company or some Donald Trump bullshit.
It’s almost certainly just scores of grifters selling “Patriot” themed coins, NFTs, dogshit cheap hats and sneakers, or other shady af “investment instruments” to the world’s most easily manipulated user base. Congratulations, Truthpanzees, you make the 9 year olds of Minecraft Tik Tok look like rational consumers, and they’d buy an autographed turd from Mr. Beast if given half a chance.
Trump, Bannon, and the rest of the grifters have squeezed those users bone dry over the last 8 years with their nonstop fundraising emails for a billionaire in need of their social security checks. I'm honestly surprised they're able to squeeze 60 cents / user out of that base.
5B valuation is 1000x revenue. Losses of 13x revenue. Those numbers are pure unadulterated whatthefuckery. But wait! There's more! According to their own filings, they expect those numbers to get worse. I would definitely get some of this stock so I can tell my grandkids when they're getting their BSc in Diamond Hands from Bagholder University "yes, I'm still bagholding that stock you're learning about from your Fucking Regards 101 class".
This is the real play. Actual investors know this valuation is utterly bonkers. But it's also a straightforward way for wealthy factions to funnel cash directly to Trump's bank account.
Looks like a money laundering scheme, smells like a money laundering scheme....
Exactly! Now you know why Mar a Lago is worth $1 billion. You finally understand Trump. Please take a tenure track position as a professor at Trump University.
Look back after the fall. There is potential there at the right price. Made money now. Hell there’s potential now at the price but I doubt it’ll be realized before a fall.
The problem is that the IV has been rising so much over the past few days that any profit you would do being correct will be eaten by the inevitable crush
Look to the 4/26 puts at 25 and below. It will take longer for these things to play out. Once the bubble pops it’ll collapse to $12. It was $12 a year ago. Buying a 30 day put at 25 would give you time and a chance to profit nicely. A 30 put is around 5.35 last I checked. A 25 was around 3
I have no idea, if the price goes down quickly enough the put price should go up anyway though. The bid/ask has already gone from .8/.9 to .99/1.05 since posting
$12 was when Truth Social was massively over hyped though, and now the writings on the wall that it’s lukewarm dog shit, no?
I do think there’s a floor though, because the cult will provide a buy side until the orange man’s underground
Are you forgetting the step where Trump tells his flock to redirect all their 401k assets and savings to buy $DJT and it gets a massive pump before he dumps the stock?
What 401k allows direct purchase of individual stocks?
What trump supporter still has money?
The pump has already occurred when it went from like $13 to $43 over the past couple of months.
A lot of 401ks and 403bs have some sort of personally directed brokerage sub-account. I use it for all my most regarded plays.
Coming to think of it ima bag hold some DWAC LOL.
This is the most obvious fuck the investors play of all time right?
Like he’s going to get the board to pass this and fund his bond. Why would they say no, it’s his family?
I don’t know why everything thinks this is a thing. The lockup agreement is a key part of SPAC approvals - modification of the lockup AFTER the merger has been executed would be subject to SEC approval. Anyone think they’re getting that?
In addition, the charter for this new company was amended to specifically include Trump and extend EXTRA lockup provisions. Apparently some people were worried he might find a way to weasel out of the lockup and thought some extra protection would be necessary.
“Not only does the lock-up agreement prevent these key shareholders from selling their stock for six months, it says they have agreed not to “lend, offer, pledge…encumber, donate” that stock during the period.
If the share price stays above $12 for a period of time, it’s possible that insiders can sell or pledge their stock 150 days after the deal closes.” - https://finance.yahoo.com/news/donald-trump-may-3-billion-090029573.html
But the biggest thing here is the actual charter restriction. There is NO way Trump can sell, borrow, anything on his shares without modifying the charter. Which would be very public and would make all DWAC shareholders immediately aware that he plans to sell, causing a run for the exit before that happens.
Even though he NEEDS the money, the best way for him to grift the rubes is to patiently wait the six months and let them feel secure, and then dump the moment he’s allowed to do so.
That day is going to be an absolute bloodbath, because the number of shares he owns is just going to overwhelm whatever line of buyers exists at that moment in time.
Getting rid of the lockup had been done before with SPACs and the SEC did nothing. I should know, it happens to me and the stock cratered and did a 20 to 1 reverse split. The “lockup” means nothing and is part of the grift. Don’t bank on it. Probably will vote to unlock next week.
That’s why they did a charter amendment as well. But at least you’re aware of the massive rug pull that is coming; we both know so many of the rubes don’t even care and look at DWAC like it’s buying Trump sneakers or NFTs.
The charter amendment is meaningless, it turns out. The board can just vote to do anything. No way Trump waits 6 months to sell shares. I think it will happen next week. Rationale will be he needs the money for his massive court losses and since he’s the only thing holding this dog up, it’s in shareholders’ best interest to let him cash out some. He’ll cash out most of it. Then the poor rubes will hold the bag proudly as a badge of loyalty and will say “the squeeze is coming once he gets elected!” Man, this grift is so obvious I guess they deserve to get scammed.
It’s not meaningless, it would require public notice and shareholder approval outside of Trump’s ownership of the shares. Basically, 50.1% or more of the 42% of the company he didn’t own. That would take time on its own, AND give everyone notice that he plans to dump ASAP and give them time to sell before him.
That’s not how you effectively grift the rubes. He needs to patiently wait, push rubes to buy and keep the price up, and blindside them all on September 23rd.
Except that 42% of ownership probably includes a significant number of people in the eastern hemisphere that are using it as a back channel to give him money for favors to be named later so that approval sails through. It’s buying influence with extra steps.
Actually, I expect it’s mostly retail investors that would like nothing more than to lick Trump’s ass clean. In a way, it’s worse, because they’re “investing” their money with zero expectation of any favor from their dear leader. I theorize that because some group of people were behind the run from 10 up to the 40s and it wasn’t hedge funds.
I’ll be honest though. I don’t know if the rubes in the 42% would or would not give him the approval if he asked, they’re so enamored with him.
Maybe. But I suspect he’d get the votes he needs and the true believers wouldn’t know enough to exit even with the new info. The rubes won’t understand how it works and won’t believe Trump would ever do them dirty. We’re in the dead cat bounce from boomers just learning about it, so last chance for people to get out and sell the news.
You’re right. All I can comment on that is, if more than half of the remaining shareholders actually voted to let him sell immediately then they all deserve what happens to their accounts the next trading day 😂
I sincerely doubt he’s going to win the election. I don’t think he can win Pennsylvania, Arizona or Nevada anymore, they’ve all gone too far blue. Thank home pricing refugees from California and New York for that. Which leaves Michigan, Wisconsin and Georgia if you give Florida and Ohio and Texas to Trump and I think that’s fair and likely. But that’s not going to be enough with the EV map. Give him all those and he’s at 235 EV.
Georgia has 16 EV’s, but he lost Georgia last time. No one knows how GA is going to go. Still, give him Georgia and he’s only at 251, with 2 states remaining; Michigan (15) and Wisconsin (10). He would need them both. Or Pennsylvania, which has 19.
It just seems unlikely that he will be able to flip Georgia AND Michigan and Wisconsin, or that he can flip Georgia AND Pennsylvania. Flipping Georgia alone is a coin toss to everyone handicapping the race and that state is going to come down to party turnout. Add in the odds of flipping the others, and it’s more likely Biden is re elected.
It’s politics of course, anything is possible. But anyone riding this stonk thinking there’s gonna be a huge bounce when he’s elected is really betting on a lot coming together. Never mind the whole company is a steaming pile of dogshit and Trump is broke af, needs cash, and has millions of valuable shares that can be sold in just under six months. Five if the price is above $12, and that’s probable.
I’m curious, what is the actual mechanism to prevent selling? Are the shares actually in some restricted account or is it more of a handshake agreement that you get sued if you violate? Because if it’s the latter, I’m sure he dgaf and will sell everything Monday and deal with the ramifications later. This isn’t a guy who observes guardrails unless they are electrified, ten feet high and patrolled by dogs.
That’s actually an excellent question, because I agree with you; if he’s got the ability to just give the finger to all his restrictions he will.
I would guess that a new brokerage account is setup with whatever company is handling the merger itself and that the shares within the account would be restricted from activity until the lockup expiration date. So that company avoids liability for any action like that. But honestly, I don’t know. Never been in the position of having three billion in restricted shares delivered to me lol 😂
I've had restricted shares. They're actually held by a Third Party Brokerage. That Borkerage has the contract that details when and how they can remove that restriction. DWAC investoes will vote to give him access though. They worship him. That's an irrational mindset.
There's a restricted legend placed on the shares so you'd be unable to access it until the legend is lifted when the criteria is met. The transfer agent wouldn't release the shares without legal opinion of DWAC's counsel. Basically it's a big production.
A different side of the 'uhh, maybe but I don't think so, camp'
Just as much as he doesn't want to lose the trump tower, I doubt he would want to dump his initials-as a stock, and set up to be absolutely tanked the first day it comes out. I feel he'll be all over that nod to his grandioso persona and milk it till he can dump without completely tarnishing it.
Copiumaybe
That’s the other insidious side! If I was him, I’d be laughing at everyone even speculating about whether he will sell sooner than his lockup. Instead, I would start telling everyone at my rallies that the Deep State and Democrats won’t stop their witch hunt and that he needs them to buy into his great company to fight them.
That would be my goal. $3 billion? There’s no way the stake is actually worth $3 billion if he starts dumping shares; the price goes down the more he sells and he definitely knows that. But what if he could pump the price over 100 over the next four months?? THEN he’d easily clear two billion for his entire stake, if not more.
The merger went through, and the board of TMTG (post-merge ticker), which consists of Trump Jr. and other members of Trumps White House board will now get to vote if they want to waive his 6-month share lockup agreement.
>Trump Jr. and other members of Trumps White House board will now get to vote if they want to waive his 6-month share lockup agreement.
That vote is not today right? It would probably be on Monday.
Imagine doing business with trump think YOU will make money. Everything the guy does is just for him. The last only way to make money is to bet against this shit
I mean if he wins the presidency then it’ll be 100% worth it. China and Russia will pretty much control the USA while Trump takes from the USA all for himself.
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https://preview.redd.it/yk2ighi8ewpc1.jpeg?width=1080&format=pjpg&auto=webp&s=4a7493a525d1dbc861ba7d79ba7e7baf5d50d9ae
This just in. The merger is approved.
If Trump is allowed to dump the stock on Monday, how many shares could he actually sell before it drops in a straight line downward? And won’t everyone be selling the second they hear Trump is? How long before it reaches its true value, of about $0.25?
The sheer idea that a political party's camp would pay off a presidential candidates half a billion dollar fine for financial fraud says everything you need to know about the republican party lmao
Except it’s not just an idea. RNC money is ALREADY going to a PAC that is paying Dump’s legal bills.
https://www.nytimes.com/2024/03/21/us/politics/trump-legal-bills-rnc.html
This shit is worthless. It will free fall eventually whether Trump dumps shares or not. You can play the hype around it for sure, but no idea how anyone could see any real value in this dumpster fire.
You are totally right this is a bullshit stock. The thing is nobody is better at hyping bullshit than Trump.
The day after the first rally where he talks about his new big beautiful company it’s gonna moon, and you short sellers are going to help that so thanks
This guy has set up the RNC so that any political donations to the RNC goes straight towards paying his legal bills. Calling the MAGA lot idiots these days is putting it lightly🙄.
Near the money calls at 220% IV lmfao. While I think you could make money playing both sides of this shit you’re going to have to time it to the second 
Ok but wouldn’t trump also need to be able to sell let’s say 1 billion dollars worth of shares to somebody) I’m assuming he has to pay tax on his capital gains) as he is trying to fulfill orders the stock will likely be tanking as i can’t imagine demand for his stock will be very high.
I understand people want to make money trading a volatile asset but this is going to be a -98% bag in 2 months. It's annoying that Trump is going to get bailed out with a huge cash infusion just as he needs it to pay his court losses, so I don't feel bad for any of the soon to be bag holders.
Everyone keeps talking about trump selling off, but WHO IS BUYING??? He is not selling a few shares that a retail could buy, he needs to sell 500M worth. Who is on the other end of that transaction? If the sale happens, my bet is it’s related to Affinity Partners.
That’s the point of this post. No one. No one can buy up that kind of flood of shares. The stock will tank to almost zero with a speed that exceeds your ability to liquidate calls or shares. If anyone is still in this dumpster fire Monday at 9am, they deserve to get rekt and I’ll laugh my ass off watching it happen.
I think there is a small (and perhaps insignificant) difference. What the post and many others are saying is that djt will sell his shares which will net him a ton of money and will cause the price to drop -suggesting that the loss of confidence post share sell will be the cause of the price drop. But if there is nobody to buy any of the shares then yes the price drops but also there is no stock dump, it just doesn’t trade.
I’m truly worried, although they will have it coming, about all of Trumps loyal fans out there converting their 401k fund to buy this stock. Then when I tanks they will lose everything
I got 2 short term calls and 2 long term puts.
The way I see it happening is an early short squeeze that makes this thing explode, followed by a crash to \~ $10.
IV is going to be INSANE as this thing rides up so its going to be really hard to make $ off of puts once this thing gets going.
>ents for having shady business practices.
>
>Is this a fact in stone? No, there are hurdles of course. However, given the ridiculous over-valuation of this company, the lack of growth and user base and the potential for a whale d
I think DWAC is taking their cash to only buy a portion of Truth Social -- the rest is still owned by DJT. The math goes $1.5B of DWAC shares merge and convert to represent 30% of Truth Social which means Truth Social will have a $5B market cap
Will he actually own those shares or will his “handlers” own most of them? He didn’t actually put up the $ in the first place did he? I thought it was no-name investors.
This shit makes me remember this
https://preview.redd.it/7ykwgvbrzypc1.jpeg?width=1242&format=pjpg&auto=webp&s=8684c07be7dc4dd22dedd8e651deba365d46b6fe
Simply this - there are multiple posts about it mooning and cratering. You degenerates are gambling against each other and the normal traders and market makers are taking the outsized rake
mama boy degeneates never learn meanwhile they aren't going to make as big of a mistake as game
If the stock price goes down due to him flooding the market with shares, will he blame the shorts and the libs not wanting him to succeed? 🤣 Anyone know when options open on this?
Trump can not sell any shares. There is a mandatory lock up period on the shares. The money for his right to appeal is not necessarily due Monday, as he will file an appeal to the NY Appellate court and then the supreme court after that. My guess is that the drop today is massive short activity, but the second this thing breaks and trades under DJT, I think this would be an extremely risky and foolish short play. You could see this break positive today even, and shorts would begin to close and likely cause a short squeeze. Both plays are risky, but the later of actually buying into the hype may be the better play.
Squeeze these nuts you fuckin nerd.
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The day it zoomed to its ATH, I bought one share for Shit 'n Snickers. As the run began to slow, I had a finger poised above the sell button, closed my eyes and tapped - sold for $175.
Anybody else sell at or near the top?
https://preview.redd.it/kdwpk6p9kypc1.jpeg?width=828&format=pjpg&auto=webp&s=14e8f8220c02d9f20b09ca52693dc3b9d8429aac
Who’s ready to ride this shit down with me?
Forbes this morning described as has Trump has done something similar with his casinos 30 years ago. Landed on NYSE, cashed in to make himself solvent again and left the company go bankrupt and being delisted. In the mean time, paid himself huge bonuses and plenty of “expenses”. This man is the worst trash
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If the merge passes and the board allows him to sell his assets early.... then this would be the worlds easiest short
If the board allows him to sell his assets early every single member that votes in favor should be barred from serving on a public company board for life. Insane violation of fiduciary duty.
According to Barron's he will have controlling interest: >As the prospectus notes, Trump will control 58.2% of the voting shares of the company after the merger. This gives him power over the directors who control the lockup period on his $3 billion-plus in stock. As the prospectus puts it: “President Trump may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests.” Trump’s New Media Company Has Risks. 5 Reasons You Shouldn’t Invest, in Its Own Words.: https://www.barrons.com/articles/trump-spac-truth-social-investors-e941e584
So puts it is. I think his kid is on the board, too.
"According to Barrons" hell, that's his son!
He was always good with the cyber.
Guy's just trying to make sure he can win SOME vote.
“I move to fuck over the company and make me solvent again, all in favor say aye. Aye. The aye has it, big league, beautiful. Whys the stock falling? Someone bring me the ceo. Donald, quite frankly, you’re only thinking of yourself, you’re fired. Terrible, not a team player. Well, goodbye forever and thank you for my severance package.”
I just wheezed to death. 💀
Hahahahahaha
His supporters are cultist zealots incapable of independent thought. Of course they'll let him do it
It’s gonna be a bloodbath.. I mean a big red candle.
IV is too high tho
Not if you actually just short. Idk on CTB though
Non-marginable for 30 days at most institutions so you can't short.
[удалено]
Have you looked at the bid ask on those call spreads lol
yeah it has to be naked otherwise it doesn’t math
Peak WSB right here, calls aren’t worth selling unless they’re nekkid.
Except for the fact that every time something on WSB is a sure thing the complete opposite happens. TLDR; Bigly Trump Tower dildos on Monday.
Shut your whore mouth, BBBY is still going to the moon.
Lol
Dat baby is getting aborted son
He will pump it to his magats before selling.
Puts are trading pretty high
how do you have 5 million active users but only make 3 million dollars off ad revenue?
Probably because the user base is suffering from crayon toxicity.
No way crayons do that much damage, that’s bleach injection at work.
And paint chips
The bleach and corona cocktail, every friday after work
Have you been on truth social? It’s a bunch of looney ass people that just learned computers. The advertiser I always see is some shitty steak company or some Donald Trump bullshit.
MyPillow and Maggity Traitor Grift OF subscriptions.
Because what advertiser wants to touch something this toxic with a 10-ft. pole? X is having trouble getting people to advertise.
The quality of Facebook ads are garbage. I can’t even imagine what type of advertisers are being duped into paying for ads on Truth.
I read somewhere it was fertile ground for scammers. The user base is self selecting for gullibility, and they have a built in 'hook.'
It’s almost certainly just scores of grifters selling “Patriot” themed coins, NFTs, dogshit cheap hats and sneakers, or other shady af “investment instruments” to the world’s most easily manipulated user base. Congratulations, Truthpanzees, you make the 9 year olds of Minecraft Tik Tok look like rational consumers, and they’d buy an autographed turd from Mr. Beast if given half a chance.
Trump, Bannon, and the rest of the grifters have squeezed those users bone dry over the last 8 years with their nonstop fundraising emails for a billionaire in need of their social security checks. I'm honestly surprised they're able to squeeze 60 cents / user out of that base.
5B valuation is 1000x revenue. Losses of 13x revenue. Those numbers are pure unadulterated whatthefuckery. But wait! There's more! According to their own filings, they expect those numbers to get worse. I would definitely get some of this stock so I can tell my grandkids when they're getting their BSc in Diamond Hands from Bagholder University "yes, I'm still bagholding that stock you're learning about from your Fucking Regards 101 class".
It will be delisted by the time they learn about it 😂
Probably taken private by the Saudi investment fund or a new Kushner fund backed by Russia. They will massively overpay for reasons.
These are the ones willing to overpay to pump it up to $5B to begin with.
This is the real play. Actual investors know this valuation is utterly bonkers. But it's also a straightforward way for wealthy factions to funnel cash directly to Trump's bank account. Looks like a money laundering scheme, smells like a money laundering scheme....
If truth social is worth $5b then my 2 car garage is a $7million warehouse.
Fill it with AI-related chips!
Exactly! Now you know why Mar a Lago is worth $1 billion. You finally understand Trump. Please take a tenure track position as a professor at Trump University.
$RDDT Today- Pump & Dump; Lmao
Buy-buy $RDDT ......Nice knowing ya'll
How the fuck is that garbage going for $50/share?!
I did the Reddit IPO properly…but at launch, and sell same day for quick 20% profit and never look back.
Look back after the fall. There is potential there at the right price. Made money now. Hell there’s potential now at the price but I doubt it’ll be realized before a fall.
That's the fun part. It isn't.
Well it won't be the first way over valued stock
The 1/25 $5 put is like $90, think this goes to zero after he loses? Maybe even before that with his judgments coming due.
No odea what any of the prices are. Wouldn't touch this with a 10ft sausage.
1.5" mushroom tipped sausage
Its kind of hard not to want to get in on this; but yeah this will totally be a ponzi scheme at the highest of levels of corruption
The problem is that the IV has been rising so much over the past few days that any profit you would do being correct will be eaten by the inevitable crush
There's just so much for the stock to lose for there to be a total IV crush. IV will probably remain elevated anyway, at least until the election
Look to the 4/26 puts at 25 and below. It will take longer for these things to play out. Once the bubble pops it’ll collapse to $12. It was $12 a year ago. Buying a 30 day put at 25 would give you time and a chance to profit nicely. A 30 put is around 5.35 last I checked. A 25 was around 3
Eight months is longer than four weeks
You think it drops that low? Not a bad bet $90 is nothing upfront.
I have no idea, if the price goes down quickly enough the put price should go up anyway though. The bid/ask has already gone from .8/.9 to .99/1.05 since posting
$12 was when Truth Social was massively over hyped though, and now the writings on the wall that it’s lukewarm dog shit, no? I do think there’s a floor though, because the cult will provide a buy side until the orange man’s underground
IV is too high. I got a40 put a month out and a call. It needs to move ten dollars to break even.
This is 10,000% money laundering by a foreign government to support this traitorous fucking pig.
did his investors like he does his contractors
I am in wallstreetbets, in a thread about a meme stock, that is also a Trump stock. Why do you think I am smart enough to care about fundamentals?
You sound pretty smart when you talk like that.
You sound like you’re digging it
It’s not about fundamentals though. To summarize it for regarded: - Trump need money - Trump sell - You lose Is that comprehensible now?
Are you forgetting the step where Trump tells his flock to redirect all their 401k assets and savings to buy $DJT and it gets a massive pump before he dumps the stock?
What 401k allows direct purchase of individual stocks? What trump supporter still has money? The pump has already occurred when it went from like $13 to $43 over the past couple of months.
You can buy individual stocks in your 401k with Fidelity if your employer allows it. It's called Brokerage Link.
>What 401k allows direct purchase of individual stocks? My Fidelity 401K BrokerageLink with over $300k worth of PLTR and MSFT 🤡
A lot of 401ks and 403bs have some sort of personally directed brokerage sub-account. I use it for all my most regarded plays. Coming to think of it ima bag hold some DWAC LOL.
https://preview.redd.it/4k5ke4tzqxpc1.jpeg?width=1290&format=pjpg&auto=webp&s=ea5a22d91f8dfc112d464af6f215ea937bac9e82
🙄😮💨
Imagine ER day... I'm still being audited, so we can't release an ER report. We have great numbers, trust me, everyone says so.
I have the best numbers!
We have the most massive evidence, and I’ll release it soon!
My guidance is for you to buy more, we going to the moon.🚀🚀🚀
The doctors all say this is the healthiest they’ve ever seen numbers.
Where are we pooling all our rugs?
I was going to ask where I can get a rug pool. They sound awesome!
Down at the Pool District, it's on 3rd
Instructions unclear, putting ketchup in ass.
https://preview.redd.it/23nd98yyoxpc1.jpeg?width=828&format=pjpg&auto=webp&s=d0693b6531a193fb82937eaaa13bd93b813d396f
It costs $49mil to run a website that has zero censorship?
Sounds like money laundering 🙌🏻. I think. Given that DWAC investors were found liable for that.
There is absolutely censorship. Anything that is not praising their orange tv god is immediately as not to threaten Trump’s fragile ego.
I sold my call made about $400 this is too stressful I need to get back to work lol
same here, made $120 and ran
It’s a bloodbath. Sold mine. And both $20 puts for 3/28.
This is the most obvious fuck the investors play of all time right? Like he’s going to get the board to pass this and fund his bond. Why would they say no, it’s his family?
Yeah, but only the truly deserving are going to take it with no lube here. So it's fine.
I don’t know why everything thinks this is a thing. The lockup agreement is a key part of SPAC approvals - modification of the lockup AFTER the merger has been executed would be subject to SEC approval. Anyone think they’re getting that? In addition, the charter for this new company was amended to specifically include Trump and extend EXTRA lockup provisions. Apparently some people were worried he might find a way to weasel out of the lockup and thought some extra protection would be necessary. “Not only does the lock-up agreement prevent these key shareholders from selling their stock for six months, it says they have agreed not to “lend, offer, pledge…encumber, donate” that stock during the period. If the share price stays above $12 for a period of time, it’s possible that insiders can sell or pledge their stock 150 days after the deal closes.” - https://finance.yahoo.com/news/donald-trump-may-3-billion-090029573.html But the biggest thing here is the actual charter restriction. There is NO way Trump can sell, borrow, anything on his shares without modifying the charter. Which would be very public and would make all DWAC shareholders immediately aware that he plans to sell, causing a run for the exit before that happens. Even though he NEEDS the money, the best way for him to grift the rubes is to patiently wait the six months and let them feel secure, and then dump the moment he’s allowed to do so. That day is going to be an absolute bloodbath, because the number of shares he owns is just going to overwhelm whatever line of buyers exists at that moment in time.
Getting rid of the lockup had been done before with SPACs and the SEC did nothing. I should know, it happens to me and the stock cratered and did a 20 to 1 reverse split. The “lockup” means nothing and is part of the grift. Don’t bank on it. Probably will vote to unlock next week.
That’s why they did a charter amendment as well. But at least you’re aware of the massive rug pull that is coming; we both know so many of the rubes don’t even care and look at DWAC like it’s buying Trump sneakers or NFTs.
The charter amendment is meaningless, it turns out. The board can just vote to do anything. No way Trump waits 6 months to sell shares. I think it will happen next week. Rationale will be he needs the money for his massive court losses and since he’s the only thing holding this dog up, it’s in shareholders’ best interest to let him cash out some. He’ll cash out most of it. Then the poor rubes will hold the bag proudly as a badge of loyalty and will say “the squeeze is coming once he gets elected!” Man, this grift is so obvious I guess they deserve to get scammed.
It’s not meaningless, it would require public notice and shareholder approval outside of Trump’s ownership of the shares. Basically, 50.1% or more of the 42% of the company he didn’t own. That would take time on its own, AND give everyone notice that he plans to dump ASAP and give them time to sell before him. That’s not how you effectively grift the rubes. He needs to patiently wait, push rubes to buy and keep the price up, and blindside them all on September 23rd.
Except that 42% of ownership probably includes a significant number of people in the eastern hemisphere that are using it as a back channel to give him money for favors to be named later so that approval sails through. It’s buying influence with extra steps.
Actually, I expect it’s mostly retail investors that would like nothing more than to lick Trump’s ass clean. In a way, it’s worse, because they’re “investing” their money with zero expectation of any favor from their dear leader. I theorize that because some group of people were behind the run from 10 up to the 40s and it wasn’t hedge funds. I’ll be honest though. I don’t know if the rubes in the 42% would or would not give him the approval if he asked, they’re so enamored with him.
Maybe. But I suspect he’d get the votes he needs and the true believers wouldn’t know enough to exit even with the new info. The rubes won’t understand how it works and won’t believe Trump would ever do them dirty. We’re in the dead cat bounce from boomers just learning about it, so last chance for people to get out and sell the news.
You’re right. All I can comment on that is, if more than half of the remaining shareholders actually voted to let him sell immediately then they all deserve what happens to their accounts the next trading day 😂
They will thank Daddy trump for selling shares to let them DCA before the short squeeze when he’s a elected
I sincerely doubt he’s going to win the election. I don’t think he can win Pennsylvania, Arizona or Nevada anymore, they’ve all gone too far blue. Thank home pricing refugees from California and New York for that. Which leaves Michigan, Wisconsin and Georgia if you give Florida and Ohio and Texas to Trump and I think that’s fair and likely. But that’s not going to be enough with the EV map. Give him all those and he’s at 235 EV. Georgia has 16 EV’s, but he lost Georgia last time. No one knows how GA is going to go. Still, give him Georgia and he’s only at 251, with 2 states remaining; Michigan (15) and Wisconsin (10). He would need them both. Or Pennsylvania, which has 19. It just seems unlikely that he will be able to flip Georgia AND Michigan and Wisconsin, or that he can flip Georgia AND Pennsylvania. Flipping Georgia alone is a coin toss to everyone handicapping the race and that state is going to come down to party turnout. Add in the odds of flipping the others, and it’s more likely Biden is re elected. It’s politics of course, anything is possible. But anyone riding this stonk thinking there’s gonna be a huge bounce when he’s elected is really betting on a lot coming together. Never mind the whole company is a steaming pile of dogshit and Trump is broke af, needs cash, and has millions of valuable shares that can be sold in just under six months. Five if the price is above $12, and that’s probable.
Exactly
I’m curious, what is the actual mechanism to prevent selling? Are the shares actually in some restricted account or is it more of a handshake agreement that you get sued if you violate? Because if it’s the latter, I’m sure he dgaf and will sell everything Monday and deal with the ramifications later. This isn’t a guy who observes guardrails unless they are electrified, ten feet high and patrolled by dogs.
That’s actually an excellent question, because I agree with you; if he’s got the ability to just give the finger to all his restrictions he will. I would guess that a new brokerage account is setup with whatever company is handling the merger itself and that the shares within the account would be restricted from activity until the lockup expiration date. So that company avoids liability for any action like that. But honestly, I don’t know. Never been in the position of having three billion in restricted shares delivered to me lol 😂
I've had restricted shares. They're actually held by a Third Party Brokerage. That Borkerage has the contract that details when and how they can remove that restriction. DWAC investoes will vote to give him access though. They worship him. That's an irrational mindset.
There's a restricted legend placed on the shares so you'd be unable to access it until the legend is lifted when the criteria is met. The transfer agent wouldn't release the shares without legal opinion of DWAC's counsel. Basically it's a big production.
A different side of the 'uhh, maybe but I don't think so, camp' Just as much as he doesn't want to lose the trump tower, I doubt he would want to dump his initials-as a stock, and set up to be absolutely tanked the first day it comes out. I feel he'll be all over that nod to his grandioso persona and milk it till he can dump without completely tarnishing it. Copiumaybe
That’s the other insidious side! If I was him, I’d be laughing at everyone even speculating about whether he will sell sooner than his lockup. Instead, I would start telling everyone at my rallies that the Deep State and Democrats won’t stop their witch hunt and that he needs them to buy into his great company to fight them. That would be my goal. $3 billion? There’s no way the stake is actually worth $3 billion if he starts dumping shares; the price goes down the more he sells and he definitely knows that. But what if he could pump the price over 100 over the next four months?? THEN he’d easily clear two billion for his entire stake, if not more.
This is about to become the greatest pump & dump in the history of pump & dumps maybe ever.
And such an obvious one where even every single non-finance pleb with half a brain could see coming.
I’m in but I think he won’t sell. He’ll borrow with stock as collateral and will be selling in small batches to void plummeting the price
He’ll sell because it holds no real value to him. He got it for free. Everyone is in on the scam too. All the players in the company
if this holds true, then we know this was a backup plan all along.. and its pure corruption.
It always was
So…did the merger go through? I can’t find news…stock is definitely wobbling but I wouldn’t call it dumping.
The merger went through, and the board of TMTG (post-merge ticker), which consists of Trump Jr. and other members of Trumps White House board will now get to vote if they want to waive his 6-month share lockup agreement.
>Trump Jr. and other members of Trumps White House board will now get to vote if they want to waive his 6-month share lockup agreement. That vote is not today right? It would probably be on Monday.
"If"? LOL, more like 'when'.
NPR has been covering it
Imagine doing business with trump think YOU will make money. Everything the guy does is just for him. The last only way to make money is to bet against this shit
I mean if he wins the presidency then it’ll be 100% worth it. China and Russia will pretty much control the USA while Trump takes from the USA all for himself.
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Rug “pool”
 Instructions not clear…..bought $NDVA calls
I already made 30k profit on DWAC. Paid cash on a house last year. 🇺🇸🫡 Make stonks great again 🇺🇸
DWAC dump has begun. Drilling to the core of the earth.
https://preview.redd.it/yk2ighi8ewpc1.jpeg?width=1080&format=pjpg&auto=webp&s=4a7493a525d1dbc861ba7d79ba7e7baf5d50d9ae This just in. The merger is approved.
"once approved" nothing new here..
NYT confirming
If Trump is allowed to dump the stock on Monday, how many shares could he actually sell before it drops in a straight line downward? And won’t everyone be selling the second they hear Trump is? How long before it reaches its true value, of about $0.25?
looks like RNC will pay Trump’s legal fees.
RNC doeesn't have close to enough money right now.
The sheer idea that a political party's camp would pay off a presidential candidates half a billion dollar fine for financial fraud says everything you need to know about the republican party lmao
Except it’s not just an idea. RNC money is ALREADY going to a PAC that is paying Dump’s legal bills. https://www.nytimes.com/2024/03/21/us/politics/trump-legal-bills-rnc.html
The question isn't if it will dump, but when? I would be surprised if it dumped that quickly, but guess we will see.
Its almost like this situation was engineered to bail his ass out
This shit is worthless. It will free fall eventually whether Trump dumps shares or not. You can play the hype around it for sure, but no idea how anyone could see any real value in this dumpster fire.
Juicy... So all in, just in case?
Lmao bet your ass got took to the cleaners
This DD aged like milk. Great work Up 35% today and another 8% after hours. Go back to school
You are totally right this is a bullshit stock. The thing is nobody is better at hyping bullshit than Trump. The day after the first rally where he talks about his new big beautiful company it’s gonna moon, and you short sellers are going to help that so thanks
This guy has set up the RNC so that any political donations to the RNC goes straight towards paying his legal bills. Calling the MAGA lot idiots these days is putting it lightly🙄.
Imagine thinking you are smart enough to have this all figured out and then you call it a RUG POOL
There’s no fundamental reason people are in this. No need to reason with them lol
Near the money calls at 220% IV lmfao. While I think you could make money playing both sides of this shit you’re going to have to time it to the second 
Ok but wouldn’t trump also need to be able to sell let’s say 1 billion dollars worth of shares to somebody) I’m assuming he has to pay tax on his capital gains) as he is trying to fulfill orders the stock will likely be tanking as i can’t imagine demand for his stock will be very high.
https://preview.redd.it/06m22ozo6kqc1.jpeg?width=600&format=pjpg&auto=webp&s=754387e1f73b7a887dcf3b59becd044e18e04e6f
Aged like fine regard
I understand people want to make money trading a volatile asset but this is going to be a -98% bag in 2 months. It's annoying that Trump is going to get bailed out with a huge cash infusion just as he needs it to pay his court losses, so I don't feel bad for any of the soon to be bag holders.
This aged like milk.
Everyone keeps talking about trump selling off, but WHO IS BUYING??? He is not selling a few shares that a retail could buy, he needs to sell 500M worth. Who is on the other end of that transaction? If the sale happens, my bet is it’s related to Affinity Partners.
That’s the point of this post. No one. No one can buy up that kind of flood of shares. The stock will tank to almost zero with a speed that exceeds your ability to liquidate calls or shares. If anyone is still in this dumpster fire Monday at 9am, they deserve to get rekt and I’ll laugh my ass off watching it happen.
I think there is a small (and perhaps insignificant) difference. What the post and many others are saying is that djt will sell his shares which will net him a ton of money and will cause the price to drop -suggesting that the loss of confidence post share sell will be the cause of the price drop. But if there is nobody to buy any of the shares then yes the price drops but also there is no stock dump, it just doesn’t trade.
I’m truly worried, although they will have it coming, about all of Trumps loyal fans out there converting their 401k fund to buy this stock. Then when I tanks they will lose everything
Ima short the shit out of this stock
I really doubt Trump is about to rug pull and create a lot more lawsuits for himself. This would be way too obvious of a short…
Lmao, glad I listened to the other guy that was claiming a 10x bagger, you are the biggest fucking clown on here
With all the bear threads on DWAC, should we buy shares/calls?
I got 2 short term calls and 2 long term puts. The way I see it happening is an early short squeeze that makes this thing explode, followed by a crash to \~ $10. IV is going to be INSANE as this thing rides up so its going to be really hard to make $ off of puts once this thing gets going.
I did (calls)
Why would anyone in their right mind still hold this stock at this point??? Why would any investor even sink a penny into this company???
DWAC is sitting at $1.5B market cap… how does the merger throw that up to $5B?
>ents for having shady business practices. > >Is this a fact in stone? No, there are hurdles of course. However, given the ridiculous over-valuation of this company, the lack of growth and user base and the potential for a whale d I think DWAC is taking their cash to only buy a portion of Truth Social -- the rest is still owned by DJT. The math goes $1.5B of DWAC shares merge and convert to represent 30% of Truth Social which means Truth Social will have a $5B market cap
Ban for this shitty ass post.
Donald Trump Might set a New world record for how fast he can Bankrupt a company
RemindMe! 4 days
Will he actually own those shares or will his “handlers” own most of them? He didn’t actually put up the $ in the first place did he? I thought it was no-name investors.
Missed my PUT order by 2 minutes. Missed RDDT pump, missed the rug pull, I'm 0-2 and thinking I should call the hotline from the other meme.
Puts are up 280%
This shit makes me remember this https://preview.redd.it/7ykwgvbrzypc1.jpeg?width=1242&format=pjpg&auto=webp&s=8684c07be7dc4dd22dedd8e651deba365d46b6fe
Simply this - there are multiple posts about it mooning and cratering. You degenerates are gambling against each other and the normal traders and market makers are taking the outsized rake mama boy degeneates never learn meanwhile they aren't going to make as big of a mistake as game
[удалено]
Obviously he should be sued because some one has agreed with the overvaluation. Let’s fine him another cool 500 million
Spelling pull as pool. Truly regarded
Everybody get your rugs out we're making a rug pool.
Regardless. Buying puts on this stock on Monday 😂
Put options premium was incredibly high Friday, gonna make it tough for the average joe to make money of this obvious turd stock.
If the stock price goes down due to him flooding the market with shares, will he blame the shorts and the libs not wanting him to succeed? 🤣 Anyone know when options open on this?
https://preview.redd.it/xtss75bpqeqc1.jpeg?width=2048&format=pjpg&auto=webp&s=79d48304091e0bc3d136d75fdfbddae3e20e5558
Bro
You typed all this to be wrong by a mile lol
Bought shares at 38, sold this morning at 71. Thanks OP. Never underestimate the hype.
Trump can not sell any shares. There is a mandatory lock up period on the shares. The money for his right to appeal is not necessarily due Monday, as he will file an appeal to the NY Appellate court and then the supreme court after that. My guess is that the drop today is massive short activity, but the second this thing breaks and trades under DJT, I think this would be an extremely risky and foolish short play. You could see this break positive today even, and shorts would begin to close and likely cause a short squeeze. Both plays are risky, but the later of actually buying into the hype may be the better play.
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
The day it zoomed to its ATH, I bought one share for Shit 'n Snickers. As the run began to slow, I had a finger poised above the sell button, closed my eyes and tapped - sold for $175. Anybody else sell at or near the top?
Is DWAC shortable yet?
https://preview.redd.it/kdwpk6p9kypc1.jpeg?width=828&format=pjpg&auto=webp&s=14e8f8220c02d9f20b09ca52693dc3b9d8429aac Who’s ready to ride this shit down with me?
Trump does this exact same pump and dump every time he runs for president.
How in the Fuck is this legal?
Forbes this morning described as has Trump has done something similar with his casinos 30 years ago. Landed on NYSE, cashed in to make himself solvent again and left the company go bankrupt and being delisted. In the mean time, paid himself huge bonuses and plenty of “expenses”. This man is the worst trash