Trump has been unable to get bond for $464 million judgment, his lawyers say

[MinisterOfLust]

https://www.nbcnews.com/politics/don...say-rcna143860

[SillieBazzillie]

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.

[gachase21]

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.

[gachase21]

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.

Technically trump's team isn't lying here -as of today- however by Friday at noon, he will have 4 more billion in marketable securities.

[SillieBazzillie]

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.

How can he put forth shares he can't liquidate for months as collateral boyo?

[MinisterOfLust]

Technically trump's team isn't lying here -as of today- however by Friday at noon, he will have 4 more billion in marketable securities.

I think your boy is not a billionaire

[gachase21]

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.

https://www.marketwatch.com/story/dw...mpany-3bda5bba

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.

https://www.cbsnews.com/amp/news/tru...approval-spac/



It's actually gone up since then / he will easily have the securities by Friday close of business.

[GuineaDago585]

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.

[TCmaxxing]

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.

Imagine the poll numbers and donations coming in if the Judge denies Trump for lower bond amount due to absurd politically charged amount of $500m and when Letitia James seizes his properties. They just won the presidency for Trump.

[yabbayabba]

Another embarrassing p3do cultist post. You'd think they'd get tired of being constantly embarrassed posting fake news all the time. But the cultist has to put the party first.

[DanteEdmond]

What happens next? Is he forced to sell properties then?

[BWChaver]

Another American institution (justice system) bastardized by liberals

Scum of the earth

[DanteEdmond]

https://www.marketwatch.com/story/dw...mpany-3bda5bba




https://www.cbsnews.com/amp/news/tru...approval-spac/



It's actually gone up since then / he will easily have the securities by Friday close of business.

Per the terms of that deal, I think he's not allowed to sell those DWAC securities into liquid assets

[BespokenBrah]

Cmon miscers, let's bail him out!

https://www.gofundme.com/f/stand-wit...the-settlement

[gachase21]

Per the terms of that deal, I think he's not allowed to sell those DWAC securities into liquid assets

He can't liquidate any for six months without a waiver from the Board of Directors.


All he's has to do is get a waiver to make a portion marketable for use for a bond/ whereas the bond company would be able to liquidate it if they had to process it.

[MinisterOfLust]

Another embarrassing p3do cultist post. You'd think they'd get tired of being constantly embarrassed posting fake news all the time. But the cultist has to put the party first.

What are ya talking about?


All I posted was legit news story

[ColdandChilly]

https://www.marketwatch.com/story/dw...mpany-3bda5bba




https://www.cbsnews.com/amp/news/tru...approval-spac/



It's actually gone up since then / he will easily have the securities by Friday close of business.

I don't know a single person who uses Trump social media properties lol. What's the point now that Elon owns twitter?

[MinisterOfLust]

Cmon miscers, let's bail him out!

https://www.gofundme.com/f/stand-wit...the-settlement

Thanks for the link. As many of you know that I don't make a lot of money, but out of the goodness of my heart, I would contribute two dollars to help the poor fellow. Maybe rich miscers like Fitnessislife or dabbmw2002 will contribute much more

[Phil9]

Self-proclaimed King of Debt. He’s a phony billionaire. Trumptards are phucking retarded as usual.

[gachase21]

I don't know a single person who uses Trump social media properties lol. What's the point now that Elon owns twitter?

This opinion doesn't matter whatsoever to the valuation that currently exist

[ColdandChilly]

This opinion doesn't matter whatsoever to the valuation that currently exist

I didn't say anything about the valuation. I want to know who actually uses Trump social media. Just boomers? It's extremely cringe

[DanteEdmond]

I didn't say anything about the valuation. I want to know who actually uses Trump social media. Just boomers? It's extremely cringe

I'm skeptical about the $4 billion DWAC claim that people are pushing ITT. The entire DWAC company generates little revenue, and the market cap for the whole stock is $1.33 billion. I'm no expert on this subject, but I'm wondering if the $4 billion claim is just dubious math or something

[SillieBazzillie]

I'm skeptical about the $4 billion DWAC claim that people are pushing ITT. The entire DWAC company generates little revenue, and the market cap for the whole stock is $1.33 billion. I'm no expert on this subject, but I'm wondering if the $4 billion claim is just dubious math or something

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.

[x-trainer ben]

What are ya talking about?


All I posted was legit news story

https://www.politico.com/news/2024/0...-case-00147563

[gachase21]

I'm skeptical about the $4 billion DWAC claim that people are pushing ITT. The entire DWAC company generates little revenue, and the market cap for the whole stock is $1.33 billion. I'm no expert on this subject, but I'm wondering if the $4 billion claim is just dubious math or something

DWAC is just a special purpose acquisition company (SPAC) created for the sole purpose of bringing Truth social (and other Trump media items) public. You won't see the valuation until after the merger transaction Friday- and will also get a new ticker symbol

[gachase21]

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.

lol


Trump is a 90% holder of TMTG. After TMTG and DWAC merge / who is the board?

[SillieBazzillie]

lol


Trump is a 90% holder of TMTG. After TMTG and DWAC merge / who is the board?

Let's watch this play out boyo. You say he'll be able to give his shares as collateral, I say he won't.

Won't take long for the correct opinion to be revealed boyo.

[gachase21]

Let's watch this play out boyo. You say he'll be able to give his shares as collateral, I say he won't.

Won't take long for the correct opinion to be revealed boyo.

He will have the option to. I don't know if he will or not or if he'll even need to.

[ParsleyTea]

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.....

[gachase21]

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.