A story about a pathetic man's downfall [34 Felony Convictions]

[tx 3 putt 77232]

 

[henrygandorf 29194]

 

 

oh. 

[4th&Five 41571]

He’s for quick trials now? Interesting. 

[Pato del Muerto 52535]

If there’s no drug problem, how does there continue to be dealers to try and execute?

[safe sex 11738]

Can Ronny Jackson be the first?

[Fudge Nuggets 19209]

He says Dotard Social has over $200MM in cash that is very liquid, but look at the balance sheet and all that cash is below the current assets line, meaning it's locked up for over one year.

The financial statements were signed off by a firm named Adeptus Partners, LLC.  Not exactly your PricewaterhouseCoopers / Deloitte & Touche / Ernst and Young / KPMG type of dudes.

 

 

[Francisco 2.0 32395]

 

 

 

[YGIFS 19452]

Adeptus' main three client bases are social media influencers, Hollywood talent agencies, and Cannabis merchants.  

So yes, Truth Social fits right in.  Their Executive Committee is credentialed at such prominent business schools as Gettysburg College, Mount Saint Mary's College, and University of Albany.  The top of the top of the top.  

This whole thing is set up for a foreign adversary to just buy up a plurality/majority of the shares.  This is insane.  And the SEC will do an obligatory investigation, as they should.  And invariably, Trump will declare the investigation a witch hunt begun by Biden as he weaponizes the SEC under Merrick Garland.  And the dumbass won't remember that SEC doesn't report to DOJ.  But.  Here.  We.  Go.  

[tx 3 putt 77232]

 

[Francisco 2.0 32395]

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

Quote

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

 

Quote

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.

Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.

 

Quote

As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.

And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb — one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”

But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.

 

Spoiler

Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on Sunday that the company had added over 200,000 new ones in the past couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump where the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that this week’s losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” — fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

 

[DigglerontheHoof 21207]

Such absolute morons. 

[SubliminalHorn 6809]

11 minutes ago, Francisco 2.0 said:

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

 

 

 

  Reveal hidden contents

Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on Sunday that the company had added over 200,000 new ones in the past couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump where the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that this week’s losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” — fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

 

I hope that moron loses everything and has to rely on government assistance to survive his retirement. I hear your 70s is the best time to have your entire life savings wiped out 

[Underdog 28754]

He’ll just blame Biden and the Libs. 

[dcbc 14496]

2 hours ago, Francisco 2.0 said:

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said.

Oh, he has plans.  And they don't involve you, Jerry.  He doesn't give a damn about you.  But keep working hard (not like you have a choice at this point).  He'll need more money from you soon.

Edited April 15 by dcbc

[Nice Guy Eddie 13515]

This morning Truth Social (DJT) filed to issue millions of new shares to stakeholders. Presumably to insiders like Trump.  Market responded by dropping DJT by 15% in pre-market trading.  I bet their board will soon announce that Trump will be allowed to sell shares before the lockup (shares lockup not his personal lockup) ends. They will say it's due to Biden and his SEC punishing DJT and this is the only fair method for Trump to get his money back.

Sounds like a great day for Jerry to double down on buying more. copy from above. Perhaps take out a cash advance from his credit card.

Quote

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

 

[South Austin 52523]

If Jerry has any sort of retirement account, he should take out a huge loan against it to buy more DJT.

[immamac 42877]

The best part about this is they think that SEC filings are the media and a campaign against the company. They don’t understand that those are the required filings for any publicly traded company. Reading the first filing was actually insane. No one would invest in this company if they read it. 

[BamaATL 16593]

When I think of moguls in the tree removal industry, the first place I think of is Oklahoma.  I guess Nebraska or Kansas was already spoken for.  

[Francisco 2.0 32395]

15 minutes ago, immamac said:

The best part about this is they think that SEC filings are the media and a campaign against the company. They don’t understand that those are the required filings for any publicly traded company. Reading the first filing was actually insane. No one would invest in this company if they read it. 

 

I'm just going to assume that most of these fine folk who are investing every last penny that they have into this stock think the SEC is a football conference, and wonder why in the hell they would have anything to do with stocks.

 

 

 

[Foggy Notion 1202]

Whiny little bitch.

 

[atomheartbevo 89757]

[Francisco 2.0 32395]

I'm assuming ole' Jerry is ecstatic about the stock dropping to [as of this moment]  28.53 this morning, 14 minutes after opening.

 

https://www.cnbc.com/quotes/DJT

[BamaATL 16593]

16 minutes ago, Francisco 2.0 said:

 

I'm just going to assume that most of these fine folk who are investing every last penny that they have into this stock think the SEC is a football conference, and wonder why in the hell they would have anything to do with stocks.

 

 

 

It just means more?

[RomaVicta 29949]

On 4/13/2024 at 10:29 PM, Pato del Muerto said:

If there’s no drug problem, how does there continue to be dealers to try and execute?

From Brookings (2016)

As for summary execution:

Pretty clear his brother-in-law wasn't taken out and shot the day he was arrested or the day he was found guilty.

My point? There is no point. We could put facts like these in a loop and force Trumpers to watch it for hours.

Fake! News!

[tx 3 putt 77232]

On 4/13/2024 at 8:58 PM, tx 3 putt said:

 

he wants to pick the winners like : China, Russia, North Korea, and Venezuela 

[Fudge Nuggets 19209]

40 minutes ago, Francisco 2.0 said:

I'm assuming ole' Jerry is ecstatic about the stock dropping to [as of this moment]  28.53 this morning, 14 minutes after opening.

 

https://www.cnbc.com/quotes/DJT

The fact this stock isn't already at $0 or thereabouts should prove to the eggheads that the Efficient Market Hypothesis is nothing more than bullshit.

[Horn Dog 9884]

2 hours ago, Underdog said:

He’ll just blame Biden and the Libs. 

"Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

"Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

[Francisco 2.0 32395]

I go away for an hour, and the stock is down another buck.

But somewhere, someone is taking a cash advance of $300 against their Capital One card to buy some more stock, because it's a great deal.

 

[Red Five 40877]

5 minutes ago, Horn Dog said:

“It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

Or, and hear me out here, you bought a bunch of stock in something that is practically worthless. 

[Nice Guy Eddie 13515]

Can you imagine the daily calls between Trump, Devin Nunes (Truth Social CEO) and the Truth's CFO/Investor lead? You know Trump is screaming at them in regards that he's unable to sell his shares and their stupid rules are costing him hundreds of millions.  "I had $6B in value a few weeks ago, and now it's worth ______.  F you!  Fix this!"

Of course, their reaction is to issue more shares to the insiders, most likely without a lockup, screwing over the other shareholders like ol' Jerry at Oklahoma Four Seasons tree trimming.

 

From a CNBC article:

Quote

The company also seeks to offer the resale of up to 146.1 million shares of stock from “selling securityholders,” 114.8 million of which are held by Trump himself. Trump owns 78.8 million shares of the company, and stands to obtain 36 million “earnout shares” if the stock stays above a certain price for enough trading days.

Trump’s current stake in the company was worth more than $2.2 billion at Monday morning’s share price. Trump is not allowed to sell his shares until a monthslong lockup period expires.

There is little chance that Truth social and its DJT stock doesn't end in a massive SEC investigation. Unless Trump gets elected.

Edited April 15 by Nice Guy Eddie

[27-25 2047]

Quote

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to eximplode sometime.”

Fixed it for him.  Just a slight tweak.  He's so close!

[SydneyCarton 48134]

8 minutes ago, Nice Guy Eddie said:

Can you imagine the daily calls between Trump, Devin Nunes (Truth Social CEO) and the Truth's CFO/Investor lead? You know Trump is screaming at them in regards that he's unable to sell his shares and their stupid rules are costing him hundreds of millions.  "I had $6B in value a few weeks ago, and now it's worth ______.  F you!  Fix this!"

Of course, their reaction is to issue more shares to the insiders, most likely without a lockup, screwing over the other shareholders like ol' Jerry at Oklahoma Four Seasons tree trimming.

 

From a CNBC article:

There is little chance that Truth social and its DJT stock doesn't end in a massive SEC investigation. Unless Trump gets elected.

What's the price it has to trade at for how long to free up his ability to sell? 

[C-Man 27239]

8 minutes ago, SydneyCarton said:

What's the price it has to trade at for how long to free up his ability to sell? 

I think I saw somewhere in this thread that he's going to be awarded 35M more shares if the stock trades at $30 or more for 15 or 20 consecutive days, something like that. I mean hasn't it already accomplished that as it just went below $30 for the first time on Friday?

[South Austin 52523]

1 hour ago, Francisco 2.0 said:

I'm assuming ole' Jerry is ecstatic about the stock dropping to [as of this moment]  28.53 this morning, 14 minutes after opening.

I’m impressed that George Soros has the ability to manipulate the stock market like this.

[GenXer 2896]

22 minutes ago, Nice Guy Eddie said:

Can you imagine the daily calls between Trump, Devin Nunes (Truth Social CEO) and the Truth's CFO/Investor lead? You know Trump is screaming at them in regards that he's unable to sell his shares and their stupid rules are costing him hundreds of millions.  "I had $6B in value a few weeks ago, and now it's worth ______.  F you!  Fix this!"

Of course, their reaction is to issue more shares to the insiders, most likely without a lockup, screwing over the other shareholders like ol' Jerry at Oklahoma Four Seasons tree trimming.

 

From a CNBC article:

There is little chance that Truth social and its DJT stock doesn't end in a massive SEC investigation. Unless Trump gets elected.

The quarterly conference calls with analysts should be interesting (assuming DJT has them)

[BehoId, The Underminer! 11669]

2 hours ago, BamaATL said:

When I think of moguls in the tree removal industry, the first place I think of is Oklahoma.

he did a pretty fucking great job

[dcbc 14496]

23 minutes ago, SydneyCarton said:

What's the price it has to trade at for how long to free up his ability to sell? 

'bout tree-fiddy. 

[Francisco 2.0 32395]

4 minutes ago, GenXer said:

The quarterly conference calls with analysts should be interesting (assuming DJT has them)

 

It's kinda perplexing that Trump isn't performing some kind of stock manipulation daily on his Twitter knock off.  I mean, he bitches about this or that...but unless I've missed it somehow, you don't see him daily or hourly pumping up the rubes to "go get some stock today!  It's poised to be more valuable than Amazon tomorrow!"

Which leads to two possibilities:  Trump has been made very aware of what the SEC can (and will do) so he's actually heeding advice and laying low.....or, he's just utterly fucking clueless about how stock offerings work and just wants his cut ASAP and doesn't give a shit if anyone actually buys it.

 

 

[F250 28802]

4 hours ago, Francisco 2.0 said:

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

 

 

 

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Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on Sunday that the company had added over 200,000 new ones in the past couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump where the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that this week’s losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” — fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

 

Damn, all of these poor fools being fleeced and accepting it as a badge of honor.

 

[F250 28802]

7 minutes ago, Francisco 2.0 said:

he's just utterly fucking clueless about how stock offerings work and just wants his cut ASAP and doesn't give a shit if anyone actually buys it.

This is the Trumpian way. Everything is a scam payout, fuck you, pay me.

[RDCanecutter 26458]

4 hours ago, SubliminalHorn said:

I hope that moron loses everything and has to rely on government assistance to survive his retirement. I hear your 70s is the best time to have your entire life savings wiped out 

"People get greedy, they get stupid" --my buddy who used to help run a 3-card Monte game.

[texasdago 7575]

1 hour ago, Horn Dog said:

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

The stock market... how does it work?  Who could have predicted this given the company's stellar financials?  

[Pato del Muerto 52535]

1 hour ago, Horn Dog said:

It’s got to be political,” he said,

Oh it is political, just not how he thinks. It’s the opposite.  What should the value be of a company that spent 53 million to generate 4 million in revenue?

[C-Man 27239]

[Bozo_Casanova 26510]

22 minutes ago, RDCanecutter said:

"People get greedy, they get stupid" --my buddy who used to help run a 3-card Monte game.

Help? Is dealing 3-card monte not something a person can do by themselves? 

[shakahorn 1645]

5 minutes ago, Bozo_Casanova said:

Help? Is dealing 3-card monte not something a person can do by themselves? 

Tell me you don't know how the scam works, without telling me you don't know how the scam works.

[Bozo_Casanova 26510]

Just now, shakahorn said:

Tell me you don't know how the scam works, without telling me you don't know how the scam works.

[Pato del Muerto 52535]

34 minutes ago, RDCanecutter said:

"People get greedy, they get stupid" --my buddy who used to help run a 3-card Monte game.

Was he the guy running the cards or the guy “winning” as marks walked by?

[The Original Greaser Bob 2844]

54 minutes ago, BehoId, The Underminer! said:

he did a pretty fucking great job

Isn't that a dog hole there on the right... WTF!!!!!

[Nice Guy Eddie 13515]

26 minutes ago, C-Man said:

 

On TikTok I watched a legitimate review of the Trump Bible from someone who said they were an expert. First off she was perplexed at the lack of a page that provides information such as where the Bible was printed. She assumed the lack of a page meant that Trump's team didn't want to highlight that it was most likely printed in China. Second, the expert said that the leather and page quality was on par with a sub-$15 Wal-Mart Bible and not one costing $50+.