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Eliot Rosewater

(31,134 posts)
1. Only here could a moron become owner of a company he has no clue what it is or how
Fri Mar 22, 2024, 05:01 PM
Mar 22

it operates to the tune of $3 billion.

Irish_Dem

(47,833 posts)
4. Trump doesn't care what kind of company it is.
Fri Mar 22, 2024, 05:03 PM
Mar 22

Or how or why it operates.

There is only one salient point in his mind: $3 Billion

WarGamer

(12,506 posts)
2. I'm a daily market options trader...
Fri Mar 22, 2024, 05:02 PM
Mar 22

DWAC, now known as DJT will stay pumped through election day... the MAGATs and Foreign entities can keep it that way.

It's a relatively low volume ticker so pretty easy to keep the price up...

PLUS nothing illegal or campaign finance law naughty to buy the stock and add it to the Saudi Sovereign Wealth Fund... or to a Russian Billionaire portfolio.

It'll end up being a slush fund for dark money without breaking laws.

GopherGal

(2,010 posts)
6. This makes sense to me...
Fri Mar 22, 2024, 07:28 PM
Mar 22

I couldn't figure out any conditions under which someone would want to buy this.
Other than: To give money to TSF.

If I read correctly, the company is losing money. Their theoretical income stream would be advertising, but, as the other famous narcissist/authoritarian is learning, mainstream advertisers aren't keen on the idea of their ads appearing next to hate speech.

TSF will retain 60% of the shares. He's supposedly barred from selling them for the first 6 months, but an exception can be made with approval of the board, which is to be composed primarily of his flunkies.

The most prominent content provider is TSF. So the viability of the platform is at risk subject to the possibility of his sudden KFC-clogged demise, potential incarceration, post-election-loss irrelevance, or his temper-tantrum-fueled decision to take his rants elsewhere. That's a lot of risks. So, yeah, they can probably keep it viable as an insulated MAGA-world until election day (assuming the KFC-derived saturated fats don't do their thing.) to use and an end-run around those pesky campaign-finance laws.

WarGamer

(12,506 posts)
7. 100% correct
Fri Mar 22, 2024, 07:31 PM
Mar 22

He has 79 million shares... and can't sell without authorization... but the popular thing nowadays for Musk and others... is taking out loans using stock as collateral.

You don't pay any taxes on cash from loans.

GopherGal

(2,010 posts)
8. The value of the stock as collateral seems dubious to me.
Fri Mar 22, 2024, 07:57 PM
Mar 22

Everything I wrote about is a concern for any rational actor (including, say, a bonding company) trying to figure out how to be adequately compensated for the risk they would incur in putting up a bond for a man with a history of multiple bankruptcies as well as fraudulent inflation of asset values.

WarGamer

(12,506 posts)
9. I think anyone offering money for this... would want like $2B to cover 500m
Fri Mar 22, 2024, 08:01 PM
Mar 22

Wouldn't shock me if Musk or other billionaires gave him the 500m in exchange for DJT stock as collateral.

So a private cash deal for the Bond.

Gore1FL

(21,165 posts)
3. I don't think she'll accept those. I doubt anyone would accept those for bonding collateral, either. nt
Fri Mar 22, 2024, 05:03 PM
Mar 22
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