Trump Media hits new low.

[WorldWatcher]

OOPS, Trump media is below $12.00.

Which means Trump can't sell his share now.

Whoops. He's stuck with a penny stock!

Could you explain (with a link please) as to why Trump is locked into not selling now?

I've heard this but don't understand why.

WW

 

[Harpy Eagle]

Could you explain (with a link please) as to why Trump is locked into not selling now?

I've heard this but don't understand why.

WW

I do not think he is. If it had hit below 12 before the lockout period he would not have been allowed to sell. But now it does not matter. This is why at the end of last week he made sure to tell people he was not going to sell, giving DJT a temporary bump that kept it above 12 till the end of the lockout period

 

[JoeB131]

I do not think he is. If it had hit below 12 before the lockout period he would not have been allowed to sell. But now it does not matter. This is why at the end of last week he made sure to tell people he was not going to sell, giving DJT a temporary bump that kept it above 12 till the end of the lockout period

I think you might be right and I stand corrected.

Now the only question is, can he keep it out of Penny Stock Range before the election (after which he's probably going to sell and fold the thing.)

 

[Synthaholic]

 

[Synthaholic]

 

[g5000]

I do not think he is. If it had hit below 12 before the lockout period he would not have been allowed to sell.

No. He would have had to wait until the 25th to sell instead of the 20th.

 

[Fort Fun Indiana]

No. He would have had to wait until the 25th to sell instead of the 20th.

But he promised he would not sell and so then tank the stock of all the people whose money he grifted.

And Trump would not tell a lie.

 

[g5000]

But he promised he would not sell and so then tank the stock of all the people whose money he grifted.

And Trump would not tell a lie.

Because Trump publicly stated he would not sell his stock, if he then did sell his stock, that would be an SEC violation.

That's because investors rely on what CEOs and other market movers say about a company in public.

Just like when Elon Musk publicly stated he would buy Twitter. The SEC held him to it.

 

[Fort Fun Indiana]

Because Trump publicly stated he would not sell his stock, if he then did sell his stock, that would be an SEC violation.

That's because investors rely on what CEOs and other market movers say about a company in public.

Just like when Elon Musk publicly stated he would buy Twitter. The SEC held him to it.

He didn't specify a date. I find it hard to believe he can never, ever sell.

Is there a timeline involved?

 

[g5000]

He didn't specify a date. I find it hard to believe he can never, ever sell.

Is there a timeline involved?

Well, after the election and Trump loses, the stock goes to zero, so it won't make any difference. If he tries to sell his 114 million shares before then, the stock goes to zero. There won't be any buyers.

Trump was given over 114 million shares as part of the merger deal. He didn't pay for them. They were created out of thin air.

So his wealth was all on paper. It wasn't real. He isn't actually losing anything.

But the Trump cult members who invested in the stock are losing their asses.

There are always suckers lining up to be fleeced by Trump.

 

[Fort Fun Indiana]

Trump was given over 114 million shares as part of the merger deal. He didn't pay for them. They were created out of thin air.

Correct. And anyone who buys hisbshares will have their money grifted by the other investors, who will drop that stock like it's hot.

 

[g5000]

Correct. And anyone who buys hisbshares will have their money grifted by the other investors, who will drop that stock like it's hot.

They are probably already buying Trump's silver coins and his crypto.

Some people deserve to be ripped off.