Posted on 03/21/2024 7:09:32 PM PDT by chuckee
Sorry, DJT. Talking into my phone and it misquoted me
Could it happen in time?
I didn’t know a judge can do that. Maybe a federal judge can? Not sure it is enforceable. I am pretty sure Jones did declare BK. That made the families creditors and get a voice in how to divide up the assets. I doubt a state judge can rule that way because BK is a federal law not a state law.
“Judge rules Alex Jones can’t use bankruptcy protection to avoid paying Sandy Hook families”
https://apnews.com/article/alex-jones-infowars-bankruptcy-6c9f816e7328120113e5cf2b1987200e
Looks like the shareholders approved the IPO this morn and DJT will start trading next week
https://www.cnbc.com/2024/03/22/trump-could-net-3-billion-from-dwac-social-media-merger-vote.html
More importantly, a good chance the board will waive the 6 month delay requirement for Trump to sell his shares so he can raise the money he needs to untie himself from Letitia’s lawfare railroad tracks
“It is possible that the board of directors could vote to allow Trump to sell shares earlier than that. And that board could be stocked with people close to Trump, including his son Donald Trump Jr., former wrestling company executive Linda McMahon, and Trump’s former trade representative Robert Lighthizer, according to a list of planned nominees.”
oh shoot you’re right. My bad for posting that.
My personal take is that DJT should do nothing, bond wise, and let NY make fools out of themselves (more than they already have) trying to take his property. Plus he has more standing to go after them once they start proceedings of taking his property.
He should not borrow against DJT (the stock) or sell it
What this IPO does is it makes legal scholar Letitia look like a blooming nasty fool in trying to seize illiquid real estate assets to irreparably harm him that will take months or possibly a year to liquidate when there are now liquid security assets with a valuation far in excess of the judgement that can be converted to cash over a period of a few weeks. The appellate court, not Letitia or her running dog Judge Elgernon, will ultimately make the decision. At any rate, if the Board waives the 6 month delay requirement to sell the securities, he may not need to sell the securities and he can simply use them to collateralize the 450 million dollar appeal bond.
If he sells his shares he risks losing controlling interest (depending on how much he sells) so I do NOT think he’ll go that route.
the LAST thing anyone needs is someone else controlling TS and Trump’s voice. Been there, done that.
I don’t think it will get that far. He only needs 450 million. The company valuation is 6 billion and he owns 60% of the shares. So he can still sell up tp 600 million of his 3.5 billion dollars in shares and still maintain majority control. But, if the insurer, issuing the 450 million bond, agrees to accept a certain amount of these liquid shares as collateral without selling them unless he ultimately defaults on the judgement after the appeal, he does not have to sell a share. Letitia and Elgernon are screwed with this IPO. She can seize his properties next week for a day or two but no appellate court in their right mind is going to allow her to seize illiquid assets when liquid assets are available for him to post a bond.
One day on War Room, Alex and Bannon spent a long time discussing that.
We no longer are free.
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