Comcast will be toast.
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The author describes it as Trump and Dump.
I donât think heâs gonna even wait, because heâs a star and they will let him do it. He can do anything! Heâs definitely getting ready to grab investors by their pursies.
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Then there will be a major class action suit after the SEC unwinds his violation(s) of the regulations regarding insider trader (which it is). It will cost far more than anyone can imagine, and there are LOTS of attorneys who would take it because of such blatant violation(s).
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Yeah, my bad. I forgot that respect for the law is his guiding light (thatâs sarcastic).
Iâm not saying it will happen tomorrow, but letâs not pretend that fear from prosecution can control his destructive impulses.
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The partnership was meant to buoy Trumpâs fortunes. The calculation of what the first partners and Trump need to pull out with has been figured out months ago.
If Trump gets permission to sell so do the first main partners.
This can go to zero within hours when all hands start selling. The SEC will have Trump up on charges the next day.
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Is there some news? Any idea on what happened?
JimA
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Itâs a meme stock. Its current share value doesnât depend on anything about the underlying business - just retail trader sentiment.
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Did Sppankee plug yet another toilet? PLUMBERS !!!
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I understand the company has no real value; but there is often something to cause shifts in share price. I was just wondering if I missed something like drumpf getting permission to sell shares to meet his legal obligations. Or maybe some recent buyers decided to take a profit. Or the SEC filing charges against the lot of them!
Didnât want to miss any âgoodâ news!
JimA
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I donât think so. They did post updated financials to the SEC today showing that TMTG only has a few million dollars in annual revenue and is losing a ton of money. But none of that is new news:
Itâs more likely that meme stocks gonna meme.
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Iâm wondering what the betting pool has for âtime to bankruptcyâ? It probably is more than 6 months; but I might put money on less than 18 months! As soon as he sells out the price will drop to pennies.
JimA
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Of course, if he gets elected all bets are off. As part of his âdictator for a dayâ routine I wouldnât be surprised with an executive order requiring all govt eeâs to have accounts and Truth getting a fat Fed contract for something.
JimA
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IMNSHO, the financials make this company worthless, but it is too easily manipulated to risk shorting it.
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Depends on what they do. Meme stock 101 playbook would be to use the absurd stock valuation as a way to make money. If people want to buy your shares for 100x what theyâre worthâŚthen sell more shares. Follow the AMC model - sell as many shares as you can in a follow-on offering. If they sold 10-15 million more shares at even half the current price ($46 at time of writing, still falling like a stone though) theyâd have more than enough on hand to avoid BK for many, many years. And it would put a floor under the price of at least a couple of bucks, guaranteeing an eight-figure payday for Trump if he decided to cash out.
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The pump seal company I worked for was closely held. If you got high enough up in the company hierarchy, you would be offered the âopportunityâ to buy some of the stock. It wasnât a very good investment. The company wasnât really growing, and the dividend wasnât very good, But, if you wanted to be âwell thought ofâ, you better buy any stock offered.
We Proles, of course, were not offered stock, but the tactics management used to extract United Way âdonationsâ bordered on extortion. I remember the VP Marketing sticking his head into my cube, glaring down at me, saying âyou intend to give donât you?â I heard that, one year, the company even had the chutzpah to fill in the donation amount on the United Way cards, before giving them to the Proles, and the amount the company honchos wanted the Proles to koff up was a lot more than $10 or $20 (remember, this was in the 70s. I could have a pretty nice evening on the town with my g/f for $20)
Steve
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November 6 or thereabouts.
Pete
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Then there could be no limiting what people could put on the site. Especially if all communications were limited to that web site (First Amendment right of the public to be able to contact their elected politicians).
Where are all the patriotic hedge fund managers when you need them?
On the trading floor, offering .01-cents per share.