Asking
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

There Ought To Be A Law

On April 16, TDJ (Trump Media) closed at about $22. Down from the $70 high of its early trading days in March.

With no credible business plan, and mounting losses, the stock was headed down and fast.

But then, a miracle happened. People started showing up, and pumping up the stock. Not a whole lot of people, but enough of them were willing to jack up to the $35 or so level.

And now it's clear why this is happening.

The stock is trading at about $32 today. With 2.5 hours to go, and barring a last minute crash, it looks like this is designed to give Trump another $1.3B in DJT stock.

Company insiders are set to receive millions in bonus shares, with 36 million designated for Trump, Bloomberg reported. The stock needs to trade above $17.50 by the end of the day for the reward to kick in.

Just as long as the Biden crime family is kept out of the White House.
trollslayer · 46-50, M
I'm sure everything here is on the up-and-up. After all, Trump is such an honorable businessman who created an empire that has done nothing but good for the American economy.
This comment is hidden. Show Comment
justanothername · 51-55, M
@jshm2 Almost as good as a business deal with Trump.
SunshineGirl · 36-40, F
In my opinion that is a pretty serious failure of regulation. TMG made an opersting loss of 58m last year with revenues of just 3m and auditors expressed doubt about its ability to remain solvent. This ponzi scheme should not have been allowed the privilege of floating on a public share exchange. Millions of ordinary investors are now exposed to a massive liability.
Most lilely Russians buying the stock, like the Condos in Trump Tower.
GrinNude · 61-69, C
justanothername · 51-55, M
Classic pump and dump.
The SEC are the police of the NASDAQ but with anything legal the wheels turn slowly.
This comment is hidden. Show Comment

 
Post Comment