Posted on 03/22/2024 9:24:47 AM PDT by ChicagoConservative27
Former President Donald Trump stands to get a windfall of $3.5 billion now that shareholders of Digital World Acquisition Corp. have approved a merger with his Truth Social on Friday.
The potential multibillion dollar infusion comes as New York Attorney General Letitia James is moving to seize Trump’s assets to pay a $464 million bond in his New York civil fraud case.
The long-delayed merger came after the Securities and Exchange Commission (SEC) approved it last month, and means that Trump’s company Trump Media & Technology Group will trade on the stock market under the stock ticker “DJT” as early as next week.
(Excerpt) Read more at breitbart.com ...
Exactly what I was going to say.
Good point.
Can President Trump be given the right to purchase back whatever he has to sell because of these jackals? At the same price? Will he be paid interest on this money when the whole thing is tossed?
I don’t see how it’s a “windfall” when you sell something you have built and you own. I didn’t consider it a windfall when I got my paycheck.
You cannot hide things from God and he knows who Trump is. He knows his goodness and yes, the prayers certainly help. God bless free Republic.!
It’s Friday even for retirees. Have a great weekend everyone.
God truly works in mysterious ways.
Read it could trade as soon as Monday.
> The Board would also have to waive the 6 month lockup period to allow him to sell part of his position.
There’s also maneuvers like borrowing against the shares to avoid selling and taking a hit on taxes.
I told my guy to by $1000 of DJT when it comes available. I hope he can stick it to Titia James and her sock puppet Igor Engoron.
The board did approve the merger and the new company will start trading as DJT as early as Monday. Also, he can seek a waiver for the usual 6 month wait period so he can use proceeds from the merger to pay the bond. Per the article in the NY Post.
He earned it, so not a windfall
AMEN
Does Trump get interest in the money they are “holding” if he wins the appeal?
“will trade on the stock market under the stock ticker “DJT” as early as next week.”
Interesting branding.
These people aren’t smart
There is no longer private property in America. It is all owned by the State.
I heard Trump has 500 million in cash abd can pay the bond.
He can use it for collateral...and get a bond.
Already approved...will start trading Monday..under the initials....DJT
Nice!
How soon before New York sues him for $3.5 billion of “fraud”? I see you have some money - hand it over!
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