The TRUTH about Truth Social
Financial report just released SEC filing: Truth Social lost over $58 million in 2023 while generating only $4.1 million in revenue.
The stock is TANKING!
The stock is TANKING!
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KunsanVeteran · M
The auditor QI used to prepare the SEC filing (B.F. Borgers, CPA) filed a letter with the SEC filing saying that there is “substantial risk” of the company failing due to very high losses for the two years it has existed. 2022 was just as bad (if not worse than) 2023.
Meanwhile, Devin Nunes salary is $750,000 per year to increase to $1,000,000. Kash Patel (yep—the crooked lawyer) is receiving $120,000. And Lee Scavino is receiving a cash bonus of over $2 million (!) and salary on top of that. This from a company that had revenues of only $ 4.1 million in 2023 & over 1 million in 2022.
The letter from accountant Borgers can be found online with the SEC filing.
Investors beware—the company’s own accountant is predicting a quick demise to this pump and dump!
Meanwhile, Devin Nunes salary is $750,000 per year to increase to $1,000,000. Kash Patel (yep—the crooked lawyer) is receiving $120,000. And Lee Scavino is receiving a cash bonus of over $2 million (!) and salary on top of that. This from a company that had revenues of only $ 4.1 million in 2023 & over 1 million in 2022.
The letter from accountant Borgers can be found online with the SEC filing.
Investors beware—the company’s own accountant is predicting a quick demise to this pump and dump!