For some a stressful week has ended well, #justice having been served at the ground level, even as Sir #TrumpVirus claims vindication (pre retribution) - while attacking the jurors his attorneys chose.
(Wonder if they'll be paid now!)
But the verdict resulted in lots of new contribution$, driving the #DJT stock up.
My understanding is that a felon cannot be a beneficial owner of a publicly traded company with a higher than 20% share. What does that mean in terms of Trump 's ownership of #DJT ?
"I can do nothing against the Red mob with a police force which is afraid of being punished for doing what is only its duty. " - From "Gestapo" by Edward Crankshaw
@Bassman1805@MicroWave New York law $1K per instance. I would guess this is a warning shot and if #djt keeps violating the gag order, we'll see #incarceration. #Merchan is being very careful and not giving any wiggle room for an appeal.
An April SEC filing for Trump Media reveals new details on early investors in Trump’s company - including ex FL AG Pam Bondi who owns 100,000+ shares worth several million dollars and her brother advised on the deal.
A new name in the Trump Media Apr S-1 Registration Statement is lawyer Michael Milkersen with 300,000+ shares (and several hundred thousand founder and ARC shares) making him one of the largest investors. It's not clear how he became involved in the deal.
A new name in the alternative financing group is 'Washington Muse Investments SPC' which has a Cayman Islands address and owns 4,166,666 shares and 1,388,888 warrants, making it one of the top owners - but there is almost no public info on this company.
#TruthSocial: the #DJT shares are selling for around $40
the Company has a debt exceeding $48,000,000
collected approximately $7,000,000 upon his entry into the stock market
so the debt decreased to more or less $40,000,000
but (here's the scam)
the shares as a whole are worth about $8 billion !!!
How is it possible ?
Buying DJT shares is literally burning money
each share is already in debt
yet they are 'kept afloat'
as if they had a 'real' value...
Last week, #TrumpMedia reported sales of just over $4 million in 2023 as net losses reached nearly $60 million for the full year ending Dec. 31. The company warned it "expects losses to continue amid greater profitability challenges."
If #MAGA stooges think earning $4 million on top of LOSING $60 million is a "great business," then there's little wonder why they intend to vote for #Trump.
It's because they are stupid.
Based on its claims in '21 #TruthSocial / #DJT expected to generate $114M in sales in 2023. But the company recorded just $4.1M in net sales last year and lost $58.2M. 😳
So they hit about 3.5% of their target in sales for the year, while eating into their cash reserves to the tune of $54,100,000.
#Trump Media is losing a STAGGERING amount of money & is nowhere close to being a profitable company or meeting any growth projections. It's almost like Trump's not a great businessman. 🤔💸💸💸 #Oops🤷🏼♂️
If you are having difficulty understanding how abysmal $4.1M in annual sales is for #TruthSocial (2023), for context we should consider that the average for a single Chipotle franchise nets $3M in annual sales.
Judge holds Trump in contempt for violating gag order in hush money trial (www.nbcnews.com)
Prosecutors from the Manhattan District Attorney’s Office accused Trump of violating the gag order numerous times since it went into effect....