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Unraveling The Truth

Based on what's surfacing, following inner fighting, it seems as if a couple of guys, seeing a market for an additional social media channel, and following the failure of the Parler conservative network (we'll revisit that later), thought that the conservative market was underserved.

So, they drew up some marketing plans, and put together enough money to outsource the development of a prototype.

Then the approached Trump, to see if he's interested in putting his name on it.

He said sure, but only if he gets 90% of the shares. They agreed, and money started pouring in, at least enough for them to hire some people, and do actual site development.

At one point, Trump calls one of the co-founders, and asks him to give Melania stock options, out of the co-founder's shares. He told Trump that doing so will saddle him with a tax bill he cannot afford. Trump went ape shit. That guy was pushed aside.

He then filed a whistleblower complaint with the SEC.

The SEC is dealing with that, and there will probably be subpoenas, but I have a questions: Why does Trump want Melania to have shares in the company? Is she going somewhere? And why wouldn't he set aside some of his own shares for her?

The whistleblower account also mentions Jr. and Eric demanding shares of their own as well.
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DeWayfarer · 61-69, M
At one point, Trump calls one of the co-founders, and asks him to give Melania stock options, out of the co-founder's shares.

It's interesting the wording of that statement.

So he is out of money and can't buy the shares nor can she buy those same shares.

Sounds like the family money is being shared with Trump as the executor of it. Now look at the consequences of doing that... 😆

It's actually a common practice among the very wealthy. Like the house of Saudi.
OggggO · 36-40, M
@DeWayfarer A stock option isn't an actual share of stock, it's the right to buy a share of stock at a fixed price regardless of the market price.
DeWayfarer · 61-69, M
@OggggO true, yet the dividends would go to the trust.
Northwest · M
@OggggO

if you transfer the options to another person, the spread (per option) equals: value of option at time of transfer, minus value of option when it was awarded. Taxes are due on that.