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03-18-2024, 09:25 AM #1
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03-18-2024, 09:35 AM #2
- Join Date: Jul 2011
- Location: Maryland, United States
- Age: 56
- Posts: 38,974
- Rep Power: 216945
HAHAHAHAHAHA
The supposed "billionaire" can't come up with the cash, bond or a combination for a measly half bill.
Sell Trump Tower New York...oh wait, he probably owes more than it's worth.
Continue to follow this lying, moron over the cliff boyos. Surely he's not lying when he speaks to his cult. Continue to ration your Monsters and Skoal cultist so you can send a few bucks to the "billionaire."
Love this for cultist.Early AM workout crew.
Holy crap dude, Satan's huge crew.
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03-18-2024, 09:46 AM #3
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
It's smart to try to appeal and avoid paying cash or bond until the last min (next Monday)
However Trump is set to have $4 billion this Friday in available market securities he can use for this bond, and both sides know it.“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
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03-18-2024, 09:49 AM #4
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said. He also noted those companies typically “require collateral of approximately 120% of the amount of the judgment” — which would total about $557 million.“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
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03-18-2024, 09:58 AM #5
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03-18-2024, 09:58 AM #6
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03-18-2024, 10:00 AM #7
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
DWAC says Delaware court has cleared path for March 22 vote on merger with Trump’s social-media company
Digital World Acquisition Corp., the special-purpose acquisition corporation that’s seeking to merge with Trump Media and Technology Group, former President Donald Trump’s social-media company, said a Delaware court issued a ruling late Wednesday that will allow it to push ahead with a vote on the deal on March 22.
Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.
The funding partner for Trump Media & Technology Group said it has received regulatory approval from securities regulators that will allow it to proceed with a long-delayed merger. The combination could provide former President Donald Trump with a stake worth almost $4 billion.
Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said Thursday in a statement that the Securities and Exchange Commission had signed off on its proposed merger with Trump Media. DWAC said it plans to announce within two days a date for shareholders to vote on the deal.
Clearing this regulatory hurdle amounts to a major win for Trump and his media business, which runs the conservative-leaning Truth Social platform. The merger has been in the works since October 2021, but had stalled because of regulatory concerns and other roadblocks.
The plan has been for DWAC to merge with Trump Media, providing the former president's fledgling business with capital to expand its operations. But as the merger process dragged on, DWAC returned hundreds of millions of financing commitments to investors.
If the merger is completed, Trump would own nearly 79 million shares in the new business, or as much as 69% of the combined company, a DWAC filing shows. That stake could be worth as much as $3.95 billion based on DWAC's stock price on Thursday.
On Friday, the former president faced a major setback when the judge in his civil fraud trial banned Trump for three years from running the New York-based company that for decades has served as the hub of his global business empire. Trump and The Trump Organization were also ordered to pay penalties of $354 million in what is one of the stiffest corporate sanctions in New York history.
It's actually gone up since then / he will easily have the securities by Friday close of business.“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
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03-18-2024, 10:55 AM #8
Trump is a multi-billionaire who is set to acquire another $4 billion in wealth imminently. This isn’t because he’s broke. It’s legal/political strategy.
Tish James has also said she wants to seize Trump’s New York properties if he doesn’t pay up. Maybe he’s calling her bluff. If she actually tries to use the government to steal iconic buildings from a developer who has contributed billions in revenue to the City of New York and is beloved nationwide, then she’s a dumb kunt. It might even win him NY State.
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03-18-2024, 11:03 AM #9
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03-18-2024, 11:17 AM #10
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03-18-2024, 11:19 AM #11
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03-18-2024, 11:20 AM #12
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03-18-2024, 11:20 AM #13
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03-18-2024, 11:28 AM #14
Cmon miscers, let's bail him out!
https://www.gofundme.com/f/stand-wit...the-settlement
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03-18-2024, 11:52 AM #15
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
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03-18-2024, 11:59 AM #16
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03-18-2024, 12:03 PM #17
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03-18-2024, 12:16 PM #18
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03-18-2024, 12:21 PM #19
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03-18-2024, 12:22 PM #20
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03-18-2024, 12:50 PM #21
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03-18-2024, 12:59 PM #22
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03-18-2024, 01:10 PM #23
- Join Date: Jul 2011
- Location: Maryland, United States
- Age: 56
- Posts: 38,974
- Rep Power: 216945
Of course it is. Trump can’t sell, the BOD will never give him a waiver to sell, and once the cultist driven IPO rush is over the shares will equal the current market cap.
It’s a loser company that makes no money and has little prospect for growth beyond its cultist base.
Like Trump it’s a big fat loser.Early AM workout crew.
Holy crap dude, Satan's huge crew.
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03-18-2024, 01:11 PM #24There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
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03-18-2024, 01:31 PM #25
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
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03-18-2024, 01:36 PM #26
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03-18-2024, 02:06 PM #27
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03-18-2024, 02:08 PM #28
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03-18-2024, 02:09 PM #29
Run away from crazy New York. If you upset the politicians, judges and DA there, they will steal your company from you.
'Escape From New York,' Starring Donald Trump... and Every Other Developer
https://pjmedia.com/vodkapundit/2024...loper-n4927408
We'll soon learn whether New York Attorney General Letitia James is willing to drive a stake through the heart of New York City just to complete her personal crusade against Donald Trump.
Attorneys for the former president "indicated in a court filing Monday that he is unable to secure the full $464 million bond due in his New York fraud case," according to a breaking report in The Hill, and that puts the ball in James's court — and whether she'll follow through on her threat to sieze [dr_evil-voice] HALF A BILLION DOLLARS [/dr_evil-voice] worth of his real estate holding to make good on the recent court judgment against him.
"The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude," Trump's lawyers noted in Monday's filing.
Unless you're a fully operational Federal Reserve chief with your hand on the throttle of the nation's overworked money-printing machine, coming up with [dr_evil-voice] HALF A BILLION DOLLARS [/dr_evil-voice] is no easy feat. It's also a prerequisite, under New York law, if Trump wants to even file an appeal against a judgment that critics have called "unjust," "not valid," and a "spectacle."
When Judge Arthur Engoron meted out the gobsmackingly yuge punishment last month, New York Gov. Kathy Hochul assured other developers that they "have nothing to worry about, because they’re very different than Donald Trump and his behavior."
But a wild precedent has been set that normal business practices where no one felt ripped off and everybody made money, can lead to a ruinous judgment and essentially no chance of appeal. When James says she'll seize Trump's assets, it made the hairs stand up on the arms of every single developer in the city.
"What if I piss off Letitia James?" is now at the top of the list of concerns that is usually limited to economic matters.....
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03-18-2024, 02:18 PM #30
- Join Date: Dec 2010
- Location: Georgia, United States
- Posts: 26,387
- Rep Power: 354469
Fwiw/ I just did some rough gachase math.
Based on closing today - and set TMTG incoming value - trumps opening value would be a minimum 2.8 billion or so - that's based on the 8% stock price drop today - assuming the closing price stays.
Also- mutiple outside entities (supportive billionaires, Saudi's, etc) have made commitments to keep the price bottom stabilized via purchases.“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
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