Technobarbarian wrote:

In article <MPG.4076033d2f8ae3c7989771@reader80.eternal-september.org>, technobarbarian@gmail.com says...

In article <MPG.4070eb99432aeb77989770@reader80.eternal-september.org>,
technobarbarian@gmail.com says...

LOL. That's putting it mildly. I love the math on this one. Orange
jesus owns almost 70% of the shares and isn't supposed to sell any of it >>> for 6 months. Like that matters. And he can easily get around that
restriction. Other insiders own over 10% of the stock on the same terms. >>> At most they only sold 20% of the stock. Everyone who would like to own
a share of the company can buy it for less than $70 today. It isn't
likely to become more valuable when some of that other 80% goes on the
market.

"DJT stock hits turbulence: More volatility ahead for Trump's high-
flying Truth Social"

"?The valuation of the company should be several hundred million, not
the billions it is currently valued at,? University of Florida professor >>> Jay Ritter said.

Thursday?s slide into the red could be just the beginning, market
observers say. Ritter predicts the vanity stock ticker DJT will bottom
out around $2 a share ? or worse.

?The stock will continue to be very volatile, with sharp moves up and
down. But the long-term trend will be down,? he said. ?The company has
about $2 in cash per share, but it will probably burn through that money >>> and the most likely outcome is eventual bankruptcy.?

Trump also used a vanity ticker for his Atlantic City casino business,
Trump Hotels and Casino Resorts, when it went public in 1995. The
company never turned a profit and ended up bankrupt in 2004."

"Trump Media?s trading has mimicked meme stocks like GameStop and AMC
Entertainment, which rose to improbable heights in 2021 after individual >>> investors organized on social media platform Reddit to drive up the
stock price. Those investors aimed to strike back against hedge funds
that had bet against the company and shorted the stock.

?It has all the ingredients to be a volatile stock,? said Jonathan
Brogaard, a finance professor at the University of Utah who has
researched meme stocks.

What?s tricky is predicting when a meme stock will collapse, said Derek
Horstmeyer, a finance professor at George Mason University in Virginia,
who specializes in corporate finance. The only hard-and-fast rule?
?Eventually, it does," Horstmeyer said.

Stock price is still high: Is Trump Media overvalued?
Like typical meme stocks, Trump Media is overvalued compared with other

I love it. Are you experiencing some turbulence? lol There is no
honor among thieves. They haven't even cashed in yet and the con-men are already fighting over the spoils.

"Trump Sues Truth Social Company Co-Founders to Zero Them Out
Source: Bloomberg

April 2, 2024 at 3:03 PM EDT
Updated on April 2, 2024 at 3:56 PM EDT

Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn?t get any stock in it.

In the latest legal skirmish over who gets how much of the hot but
flailing meme stock, Trump alleges that Andy Litinsky and Wes Moss
violated an agreement about the setup and don?t deserve their 8.6%
stake, currently valued at $606 million.

The lawsuit, which was filed on March 24 in Florida state court and
hasn?t previously been reported, comes after the pair brought their own
suit against the former president in Delaware Chancery Court over their promised stake in the the social media company.

The legal fight is playing out amid wild swings in shares of Trump
Media, which began trading last week after it merged with a special
purpose acquisition company, known as a SPAC. The stock dropped 21%
Monday after Trump Media disclosed in a securities filing a $58 million
loss and a relative trickle of revenue for 2023, and reiterated a
warning that it needed the money from the SPAC deal to keep operating."

https://www.democraticunderground.com/10143219705

TB

Talking to yourself?

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

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