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WarGamer

(12,506 posts)

7. 100% correct

Reply to GopherGal (Reply #6)

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.

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9 replies

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Highlight:

If I were Leticia James, I'd be reluctant to place a lien on the Truth Social shares [View all] Sogo Mar 22 OP

Only here could a moron become owner of a company he has no clue what it is or how Eliot Rosewater Mar 22 #1

Trump doesn't care what kind of company it is. Irish_Dem Mar 22 #4

I'm a daily market options trader... WarGamer Mar 22 #2

This makes sense to me... GopherGal Mar 22 #6

100% correct WarGamer Mar 22 #7

The value of the stock as collateral seems dubious to me. GopherGal Mar 22 #8

I think anyone offering money for this... would want like $2B to cover 500m WarGamer Mar 22 #9

I don't think she'll accept those. I doubt anyone would accept those for bonding collateral, either. nt Gore1FL Mar 22 #3

Pretty sure she won't do that Raven123 Mar 22 #5