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 ...
Oh, all of a sudden selling your company is a “windfall.”
The Board would also have to waive the 6 month lockup period to allow him to sell part of his position.
Better than a bloodbath.
Prayers for God to step in just in time.
A “windfall” makes it seem like he just got lucky or something. Inconceivable!
Too bad for you, Letitia and your crooked judge...you aimed too low if this goes through. You can’t amend the amount now!!! Sorry!
I guess we’ll see who pulls the strings to hold everything up past the 25th...
Anyone that doesn’t think these demons have another trick up their sleeve even if he DOES come up with the money need to wake up.
Do we really think they’re just gonna take the money and say “OK thank you”?
Not bloody likely.
Let the appeal begin!!
“”Prayers for God to step in just in time.””
Yes INDEED!!!!
The best they can do is hold the money...It is not theirs...pending appeal.
More detailed stories indicate he’s betting on the come...anticipating Board approval AND the company actually going public.
But Jesus Christ blows away the enemy. There’s no comparison and we who belong to Christ w i n
Possibly. In 6 months.
The board already approved it this morning. The company changes symbols monday, Tuesday at the latest, to djt. It’s a done deal
“The best they can do is hold the money...It is not theirs...”
With all due respect my friend, I’m afraid that’s a little naive.
These people have already demonstrated that they couldn’t care less about the law and will not be bound by it.
I hope I’m as wrong as wrong can be but I seriously doubt it.
“I so hope this happens ASAP”
If he started selling the stock price would tank.
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.”
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