Trump demands 5% cut from GOP candidates who use his 'name, image and likeness' in ads.
"In a letter this week, the #Trump presidential campaign asked all down-ballot #GOP campaigns for at least a 5% cut of the money raised from advertising that features the party's 2024 presumptive White House nominee."
Donald #Trump followed through on his vow to pay a $175 million bond that will put a massive civil fraud verdict on hold while he appeals, assuring New York state won’t start seizing the former president’s assets, at least for now.
@GottaLaff
They won't have much to chase down considering he's over leveraged on everything having his name plastered over it.
Maybe he can have Melania sell NFT"s of her "kidneys" #trumpisbroke #TrumpBondReduced #trumpfraud
Yes, the company went public. No, it is not a financial success—or even a lifeboat.
Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.
Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.
…those pitiful earnings represent a steep drop from the hundreds of millions that #DWAC had raised from investors, some of whom yanked out their commitments before the merger. Bloomberg reported Mon that some initial DWAC #investors were so bearish that they redeemed their shares before the merger was approved, taking a 75% loss on those #investments. In other words: The company is a #financial mess.
Is there any better way to celebrate the glory of the Resurrection than by helping a #criminal suspect—indicted on scores of charges—pay off his #legal fees?
Not according to Donald #Trump, who took his broke ass to Truth Social on Tues morning to announce that supporters can purchase copies of the Christian holy book.
#NY took it's pound of flesh and prevented accounting delays or disputes in favor of the appeal moving forward.
I'm ok with the #bond ammount. #trumpisbroke #trump
#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.
A #LockupProvision in the #merger will prevent #Trump & other major investors from selling shares for 6 months unless granted a waiver by the post-merger co’s board.
That could limit Trump’s ability to use the windfall to help pay off hundreds of millions he #owes in #legal#judgments. Trump doesn’t have the $ to secure a #bond to delay enforcement of the $464M judgment in NY #fraud case. If he doesn’t post by Mon, #NYAG could seize his #BankAccounts, #RealEstate & other #assets.
The Trump campaign is being significantly outraised by the Biden campaign and has faced other complications, including warnings from the Federal Election Commission to stop accepting illegal contributions #TrumpIsBroke
The #Trump47 Cmte can raise up to $814,600 acc/to a donor form…& the joint #fundraising agreement outlines where each dollar is allocated sequentially down to the last dollar of each contribution.
The #donor form shows that the first $3,300 of each donation will be directed to #Trump for President primary election acct; the next $3,300 will go to his general election acct; the next $5k will go to #SaveAmerica & the next $413k is directed to the #RNC.
The remaining dollars up to $814,600 will be directed in various amounts to the local #Republican Party in 39 states. (if evenly that’s <$21k per state)
…Previously, #Trump had structured his joint #fundraising account so that each time a donor contributed a dollar to the campaign, 10 cents was directed to #SaveAmerica & 90 cents was allocated to the Trump presidential campaign.