ticker DJT

[djAdvocate]

if she bought DWAC, then she is still holding a huge profit in it. She would have paid about $10 for it.

Truth Social briefly fell below $30 this morning.

[happyhoix]

Apr 12, 2024 11:20:33 GMT -5 Cheesy FL-Vol said:

Apr 12, 2024 11:11:10 GMT -5 happyhoix said:

Marge Greene bought some stock back in 21 and she won’t tell anyone what she did with it.

Hope she still has it.

Stock related to Truth Social?

No, this was in 21 - DWAC.

I was hoping they were tied together.

Clearly I know nothing about stocks.

[djAdvocate]

Apr 12, 2024 14:07:22 GMT -5 happyhoix said:

Apr 12, 2024 11:20:33 GMT -5 Cheesy FL-Vol said:

Stock related to Truth Social?

No, this was in 21 - DWAC.

I was hoping they were tied together.

Clearly I know nothing about stocks.

if she owned DWAC, that converted 1:1 for Trump Media a couple weeks ago.  so, yes, if she invested, say, $100k, it is worth $300k now.  of course it was worth $700k two weeks ago, but that was two weeks ago.......

let's hope she holds it until after the election.  it should be worth than she paid for it, by then.  

[minnesotapaintlady]

What the heck?  They're adding 21.5 Million more shares??

www.cnn.com/2024/04/15/investing/trump-stock-new-shares/index.html

[Tennesseer]

Everything trump touches turns to golden shit.

[minnesotapaintlady]

(Reuters) -Shares of Donald Trump's social media company slumped 15% on Monday, extending losses since its IPO, after the company said it could sell millions of additional shares in coming months, including the former president's entire stake.

How does that work?  Wasn't he prohibited from selling for 6 months?  Is this a way to get around that?

[Cheesy FL-Vol]

Apr 15, 2024 11:07:11 GMT -5 minnesotapaintlady said:

What the heck?  They're adding 21.5 Million more shares??

www.cnn.com/2024/04/15/investing/trump-stock-new-shares/index.html

I know diddly squat about stocks, but wouldn't that dilute the value of existing stock?

[minnesotapaintlady]

Apr 15, 2024 11:20:57 GMT -5 Cheesy FL-Vol said:

Apr 15, 2024 11:07:11 GMT -5 minnesotapaintlady said:

What the heck?  They're adding 21.5 Million more shares??

www.cnn.com/2024/04/15/investing/trump-stock-new-shares/index.html

I know diddly squat about stocks, but wouldn't that dilute the value of existing stock?

Yes, and just the announcement that they were going to do that has the stock price down 17%.

[pulmonarymd]

Seems about right. It isn't like the company is going to become profitable and increase in value.

Washington Post had an article about the stock. Apparently the reach of the deep state is so vast that it extends to the tanking of this "great" company. These people invested in the stock market, where the only color people see is green, and that greed is the motivating factor, and they believe that the reason the stock is tanking is due to a "conspiracy". Fools and their money!

[billisonboard]

Apr 15, 2024 11:18:46 GMT -5 minnesotapaintlady said:

(Reuters) -Shares of Donald Trump's social media company slumped 15% on Monday, extending losses since its IPO, after the company said it could sell millions of additional shares in coming months, including the former president's entire stake.

How does that work?  Wasn't he prohibited from selling for 6 months?  Is this a way to get around that?

That is one awkward sentence. I think the bolded section is tied back to start of the sentence, i.e. Shares of Donald Trump's social media company slumped 15% on Monday, including the former president's entire stake.

[Rukh O'Rorke]

Apr 15, 2024 11:52:09 GMT -5 minnesotapaintlady said:

Apr 15, 2024 11:20:57 GMT -5 Cheesy FL-Vol said:

I know diddly squat about stocks, but wouldn't that dilute the value of existing stock?

Yes, and just the announcement that they were going to do that has the stock price down 17%.

I sooooo wanted to short this the minute I heard about it. But I have a rule to never short!  So - rules!

[billisonboard]

Apr 15, 2024 12:01:02 GMT -5 pulmonarymd said:

Seems about right. It isn't like the company is going to become profitable and increase in value.

Washington Post had an article about the stock. Apparently the reach of the deep state is so vast that it extends to the tanking of this "great" company. These people invested in the stock market, where the only color people see is green, and that greed is the motivating factor, and they believe that the reason the stock is tanking is due to a "conspiracy". Fools and their money!

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

[minnesotapaintlady]

Apr 15, 2024 12:11:52 GMT -5 billisonboard said:

Apr 15, 2024 11:18:46 GMT -5 minnesotapaintlady said:

How does that work?  Wasn't he prohibited from selling for 6 months?  Is this a way to get around that?

That is one awkward sentence. I think the bolded section is tied back to start of the sentence, i.e. Shares of Donald Trump's social media company slumped 15% on Monday, including the former president's entire stake.

This is the whole article.

(Reuters) -Shares of Donald Trump's social media company slumped 15% on Monday, extending losses since its IPO, after the company said it could sell millions of additional shares in coming months, including the former president's entire stake.

Trump Media & Technology Group (DJT) , which operates Truth Social, has been volatile since its market debut on March 26 , attracting both loyal fans of the former president along with short-sellers who see the stock as wildly overvalued.

The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp , peaking on its first day at $70.90 . Shares were down 15.6% at $27.56 on Monday.

Monday's filing is considered standard after a company's initial public offering. It showed a potential sale of 146.1 million shares, including Trump's stake of 114.8 million shares, divided between the 78.75 million he currently owns and an additional stake he could receive if certain performance-based measures are achieved.

"It's worth noting that if they put up this registration statement for Trump shares, I wouldn't take as a signal of anything," a lawyer told Reuters on background last week.

"It's completely normal to put that up for your stockholders, even when they're locked up for a year," the lawyer said.

Trump, the presumed Republican nominee for president in the November 2024 election, is on trial in a Manhattan court related to hush money payments to a porn star. He has pleaded not guilty.

The filing also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public.

[pulmonarymd]

Apr 15, 2024 12:19:05 GMT -5 billisonboard said:

Apr 15, 2024 12:01:02 GMT -5 pulmonarymd said:

Seems about right. It isn't like the company is going to become profitable and increase in value.

Washington Post had an article about the stock. Apparently the reach of the deep state is so vast that it extends to the tanking of this "great" company. These people invested in the stock market, where the only color people see is green, and that greed is the motivating factor, and they believe that the reason the stock is tanking is due to a "conspiracy". Fools and their money!

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

Isn't that what companies are supposed to do? Lose millions while you gain market share? Losing millions seems to be Trump's specialty. They are losing money the old fashioned way, due mainly to incompetence. Does it matter what they are spending it on. Bad business model, poor execution, high salaries, ignoring costs, etc. Just like Trump.

[NastyWoman]

Another one who knows bupkes about stocks here but I am lost in the math here. They claim the orange paint addict's stake is 114.8M shares of which he currently owns 78.25M. The rest  is based on performance based measures? What performance? Losing less than $58M, losing more just to prove it can be done? Are/is they/he anticipating selling shares he doesn't even have? Is he shorting his own shares? I'm so confused.

[resolution]

Apr 15, 2024 12:49:11 GMT -5 NastyWoman said:

Another one who knows bupkes about stocks here but I am lost in the math here. They claim the orange paint addict's stake is 114.8M shares of which he currently owns 78.25M. The rest  is based on performance based measures? What performance? Losing less than $58M, losing more just to prove it can be done? Are/is they/he anticipating selling shares he doesn't even have? Is he shorting his own shares? I'm so confused.

I am not sure why it is permissible, but it has been set up to give him a huge bonus all along. Another reason why it makes no sense for people to buy it. He's like one day away from the top return.  finance.yahoo.com/news/trump-track-1-billion-stock-162800582.html

It’s all in the fine print of the prospectus. Trump stands to be given up to 36 million extra shares as long as the “dollar volume-weighted average price” of the stock exceeds certain very low thresholds during pretty much any 20-day period after the merger was completed.

Those threshold prices? Just $12.50, $15 and $17.50 a share.

Critically, Trump will get the bonus even if the stock keeps sinking and outside investors who bought into the stock at higher prices keep losing money. His deal is based on the average price across 20 days, rather than the price at the end of the period. Even better for him: It isn’t even based on a simple average but on an average price weighted toward the days with the biggest trading volumes.

Most of those days are in the rear-view mirror. About 30% of all the trading volume in “DJT” to date took place on the day the merger deal closed, when the price ranged between $62 and $72. As a result, the dollar volume-weighted average price over the stock’s first 12 days of trading remains well north of $50 — despite the recent collapse.

Thanks to this clever trick, Trump is now all but guaranteed to qualify for his bonus by the end of this month, no matter how much further the stock falls. Obviously, Trump would be better off if the stock remained elevated. The bonus is paid in shares, after all. But it gives him a big, fat cushion either way.

[billisonboard]

Apr 15, 2024 12:45:25 GMT -5 pulmonarymd said:

Apr 15, 2024 12:19:05 GMT -5 billisonboard said:

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

Isn't that what companies are supposed to do? Lose millions while you gain market share? Losing millions seems to be Trump's specialty. They are losing money the old fashioned way, due mainly to incompetence. Does it matter what they are spending it on. Bad business model, poor execution, high salaries, ignoring costs, etc. Just like Trump.

If I become wealthy while running a company into bankruptcy, does that mean I was incompetent? Or shrewd?

[pulmonarymd]

Apr 15, 2024 13:18:13 GMT -5 billisonboard said:

Apr 15, 2024 12:45:25 GMT -5 pulmonarymd said:

Isn't that what companies are supposed to do? Lose millions while you gain market share? Losing millions seems to be Trump's specialty. They are losing money the old fashioned way, due mainly to incompetence. Does it matter what they are spending it on. Bad business model, poor execution, high salaries, ignoring costs, etc. Just like Trump.

If I become wealthy while running a company into bankruptcy, does that mean I was incompetent? Or shrewd?

Excellent question. Depends what your morals are. From a strictly utilitarian perspective, it depends on whether the carnage from the bankruptcies is outweighed by my happiness. This is a question society needs to decide.

[billisonboard]

Apr 15, 2024 13:24:24 GMT -5 pulmonarymd said:

Apr 15, 2024 13:18:13 GMT -5 billisonboard said:

If I become wealthy while running a company into bankruptcy, does that mean I was incompetent? Or shrewd?

Excellent question. Depends what your morals are. From a strictly utilitarian perspective, it depends on whether the carnage from the bankruptcies is outweighed by my happiness. This is a question society needs to decide.

Thus my post on whether the millions lost are a result of money just passing through the company into personal accounts.

[pulmonarymd]

Apr 15, 2024 13:44:32 GMT -5 billisonboard said:

Apr 15, 2024 13:24:24 GMT -5 pulmonarymd said:

Excellent question. Depends what your morals are. From a strictly utilitarian perspective, it depends on whether the carnage from the bankruptcies is outweighed by my happiness. This is a question society needs to decide.

Thus my post on whether the millions lost are a result of money just passing through the company into personal accounts.

If you win you are "shrewd' if you leave the morality and the cost to society over the outcome for the "losers". Winning the way that Trump wins is immoral, even if it is legal. He may think it is shrewd and that he has done nothing wrong. Doesn't make it right.

[swamp]

Apr 15, 2024 12:14:53 GMT -5 Rukh O'Rorke said:

Apr 15, 2024 11:52:09 GMT -5 minnesotapaintlady said:

Yes, and just the announcement that they were going to do that has the stock price down 17%.

I sooooo wanted to short this the minute I heard about it. But I have a rule to never short!  So - rules!

[swamp]

Apr 15, 2024 13:18:13 GMT -5 billisonboard said:

Apr 15, 2024 12:45:25 GMT -5 pulmonarymd said:

Isn't that what companies are supposed to do? Lose millions while you gain market share? Losing millions seems to be Trump's specialty. They are losing money the old fashioned way, due mainly to incompetence. Does it matter what they are spending it on. Bad business model, poor execution, high salaries, ignoring costs, etc. Just like Trump.

If I become wealthy while running a company into bankruptcy, does that mean I was incompetent? Or shrewd?

It makes you an amoral dirtbag. 

[happyhoix]

Apr 15, 2024 12:19:05 GMT -5 billisonboard said:

Apr 15, 2024 12:01:02 GMT -5 pulmonarymd said:

Seems about right. It isn't like the company is going to become profitable and increase in value.

Washington Post had an article about the stock. Apparently the reach of the deep state is so vast that it extends to the tanking of this "great" company. These people invested in the stock market, where the only color people see is green, and that greed is the motivating factor, and they believe that the reason the stock is tanking is due to a "conspiracy". Fools and their money!

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

Well, Trump hired Devin Nunes, one of his best toadies but someone with an agricultural business degree (his family runs a dairy) who went back to farming post college. Then he was a community college trustee, then the director for the US Dept of Ag Rural Development section before he became a politician. So no background in social media/ computer science, and Trump hired him at 750K a year, jumping to 1M a year after 2 years.

So I would guess 1) picking staff members who are good at bowing and scraping and 2) overpaying them is probably a big part of Truth Social’s problem.

[billisonboard]

Apr 15, 2024 15:07:56 GMT -5 happyhoix said:

Apr 15, 2024 12:19:05 GMT -5 billisonboard said:

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

Well, Trump hired Devin Nunes, one of his best toadies but someone with an agricultural business degree (his family runs a dairy) who went back to farming post college. Then he was a community college trustee, then the director for the US Dept of Ag Rural Development section before he became a politician. So no background in social media/ computer science, and Trump hired him at 750K a year, jumping to 1M a year after 2 years.

So I would guess 1) picking staff members who are good at bowing and scraping and 2) overpaying them is probably a big part of Truth Social’s problem.

Is it a "problem" or is it a plan? They got people to give them money when they went public. Now they are going to get more money. Then they will announce they are all out of money and close up shop. And people will walk away with the proceeds from their salaries. No problem (except for suckered stockholders).

[djAdvocate]

Apr 15, 2024 11:18:46 GMT -5 minnesotapaintlady said:

(Reuters) -Shares of Donald Trump's social media company slumped 15% on Monday, extending losses since its IPO, after the company said it could sell millions of additional shares in coming months, including the former president's entire stake.

How does that work?  Wasn't he prohibited from selling for 6 months?  Is this a way to get around that?

it requires board approval.  since the board is packed with sychophants, i would assume that would be a formality.

that should cover his obligations- but just barely.

[djAdvocate]

Apr 15, 2024 11:52:09 GMT -5 minnesotapaintlady said:

Apr 15, 2024 11:20:57 GMT -5 Cheesy FL-Vol said:

I know diddly squat about stocks, but wouldn't that dilute the value of existing stock?

Yes, and just the announcement that they were going to do that has the stock price down 17%.

21%.

so, it has gone from 30x overvalued to 10x overvalued in a month.  

it only needs to fall another 90% to be fairly valued.  

[djAdvocate]

Apr 15, 2024 12:23:58 GMT -5 minnesotapaintlady said:

Apr 15, 2024 12:11:52 GMT -5 billisonboard said:

That is one awkward sentence. I think the bolded section is tied back to start of the sentence, i.e. Shares of Donald Trump's social media company slumped 15% on Monday, including the former president's entire stake.

This is the whole article.

(Reuters) -Shares of Donald Trump's social media company slumped 15% on Monday, extending losses since its IPO, after the company said it could sell millions of additional shares in coming months, including the former president's entire stake.

Trump Media & Technology Group (DJT) , which operates Truth Social, has been volatile since its market debut on March 26 , attracting both loyal fans of the former president along with short-sellers who see the stock as wildly overvalued.

The shares have already fallen nearly 60% since it first went public after a blank-check merger with Digital World Acquisition Corp , peaking on its first day at $70.90 . Shares were down 15.6% at $27.56 on Monday.

Monday's filing is considered standard after a company's initial public offering. It showed a potential sale of 146.1 million shares, including Trump's stake of 114.8 million shares, divided between the 78.75 million he currently owns and an additional stake he could receive if certain performance-based measures are achieved.

"It's worth noting that if they put up this registration statement for Trump shares, I wouldn't take as a signal of anything," a lawyer told Reuters on background last week.

"It's completely normal to put that up for your stockholders, even when they're locked up for a year," the lawyer said.

Trump, the presumed Republican nominee for president in the November 2024 election, is on trial in a Manhattan court related to hush money payments to a porn star. He has pleaded not guilty.

The filing also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public.

they need the additional shares for cash, since they are burning $4M/month.

Trump would get $2B from the sale of this stock at today's prices.  that would cover his many obligations nicely.

this stock will be under a huge amount of pressure going forward.  

[djAdvocate]

Apr 15, 2024 13:24:24 GMT -5 pulmonarymd said:

Apr 15, 2024 13:18:13 GMT -5 billisonboard said:

If I become wealthy while running a company into bankruptcy, does that mean I was incompetent? Or shrewd?

Excellent question. Depends what your morals are. From a strictly utilitarian perspective, it depends on whether the carnage from the bankruptcies is outweighed by my happiness. This is a question society needs to decide.

it might not mean either.  it might just mean that you are a first rate grifter.  i am not sure that and "shrewd" are the same, because i think of "shrewd" as making money HONESTLY.  this is pure dishonesty, imo.  he never had any attention of running this, or any of his other businesses, well.

[djAdvocate]

Apr 15, 2024 15:07:56 GMT -5 happyhoix said:

Apr 15, 2024 12:19:05 GMT -5 billisonboard said:

The company is losing millions. How? What are they spending money on? Expensive toilet money? Heat set too high? Or is it very high salaries?

Well, Trump hired Devin Nunes, one of his best toadies but someone with an agricultural business degree (his family runs a dairy) who went back to farming post college. Then he was a community college trustee, then the director for the US Dept of Ag Rural Development section before he became a politician. So no background in social media/ computer science, and Trump hired him at 750K a year, jumping to 1M a year after 2 years.

So I would guess 1) picking staff members who are good at bowing and scraping and 2) overpaying them is probably a big part of Truth Social’s problem.

nobody in Trump Media has any media experience (unless you mean bloviating in front of a mic).

[happyhoix]

Ok, maybe a dumb question from a STEM major who doesn’t ‘know’ business - if your company stock is tanking, why create 21 million more shares of it? Clearly that will make the stock drop even more? What is the ultimate goal?