General Discussion
In reply to the discussion: I'm sorry, but I need someone to explain it to me [View all]rampartc
(5,457 posts)big investors, probably including kushners new hedge fund (formed the same day as this "spac?" ) flush with the saudi billions. have already subscribed at $40. no doubt a few russian oligarchs and "thieves in law" are involved as well. this price is negotiated in advance and amounts to a political contribution or bribe but we'll let them get away with that .
maybe they will pump the price up a little but trump is selling because he needs money. that means that very soon he will be selling his 60% shares. dropping the price precipitously.
the hedge funds also profit from the inside information, meaning no billionaires will be hurt by this maneuvering (in case you were worried about america's sacred job creators) but i can't say as much for the pension funds and municipal governments who always get stuck with these hot potatoes