Truth Social - Going Broke?

Everybody wants to short DJT stock, but it is not liquid enough to short. 147 million shares issued. Only 40 or so million in circulation. The premium required to short this turd of a stock would guarantee the short seller a loss.

Everybody knows it's spectacularly over-valued, but not one eagle-eyed Wall Street investor can figure out how to profit from this stock's upcoming demise.
 
It's like you consistently refuse to accept that I stand for the law and will defend ANYONE who is being abused by those who violate or ignore the law.

TS has and has always had a "proper valuation" on the board. That you try to spread bullshit about the stock price in order to say how people "lost money" on it only proves that you lie in order to promote a political narrative rather than truth.

BTW, what you just did is engage in securities fraud by knowingly and falsely stating or conceptualized the market regarding Truth Social. Currently TS is trading at a profit, not a loss. To say it's trading at a loss is a false statement. To say so when you know it's a false statement is fraud.

Good luck with that.
lol you ever going to come back and defend this bit of claptrap? Or did you finally learn from your Carbon water fiasco?
 
It appears that Donald Trump's Truth Social is teetering on the brink of insolvency.

He's going to sell it for billions. Funny how he staged its sale right after Reddit did their IPO. He blew those idiots out of the water. I checked out Truth Social but it's kind of silly to be honest, another Mastodong clone like Gettr, Palaver, and all the Facebook clones.

There's a good list of actual free speech social media here: http://freezepeach.social/
 
He's going to sell it for billions. Funny how he staged its sale right after Reddit did their IPO. He blew those idiots out of the water. I checked out Truth Social but it's kind of silly to be honest, another Mastodong clone like Gettr, Palaver, and all the Facebook clones.

There's a good list of actual free speech social media here: http://freezepeach.social/
As of now, he can't sell it for nearly six more months. It could be totally worthless (like him) by then.
 
As of now, he can't sell it for nearly six more months. It could be totally worthless (like him) by then.
indeed... it's value might skyrocket if he wins re election but i can only have faith in the majority of Americans not wanting to return to the insanity (and embarrassment on the global stage) of another trump presidency
 
He's going to sell it for billions. Funny how he staged its sale right after Reddit did their IPO. He blew those idiots out of the water. I checked out Truth Social but it's kind of silly to be honest, another Mastodong clone like Gettr, Palaver, and all the Facebook clones.

There's a good list of actual free speech social media here: http://freezepeach.social/
You can buy in it's only $35.59 a share right now, that's down from $37.65 a share where it opened the day....it's a great deal, buy lots before someone else beats you to it!!
 
He's going to sell it for billions. Funny how he staged its sale right after Reddit did their IPO. He blew those idiots out of the water. I checked out Truth Social but it's kind of silly to be honest, another Mastodong clone like Gettr, Palaver, and all the Facebook clones.
You posted this in response to my original post August 2022 when I stated that Truth Social was "going broke". It was going broke, but was suddenly rescued by an $8 million cash injection. Ask yourself 'Where did that money come from?" I'll help you - It came from a bank based in the Dominican Republic, a Russian Bank. This Bank normally specializes in providing financial services to the Porn Industry. The Bank was introduced to the Trumps, initially the Junior Trump by a guy called Smyrnov, a common name in Russia but the Father of this particular Smyrnov worked in the private office of Vladimir Putin.Thus the very survival of Trump politically depends entirely on the goodwill and generosity of Putin.

All these facts are on the public record and can be confirmed - every single one of them.
 
You posted this in response to my original post August 2022 when I stated that Truth Social was "going broke". It was going broke, but was suddenly rescued by an $8 million cash injection. Ask yourself 'Where did that money come from?" I'll help you - It came from a bank based in the Dominican Republic, a Russian Bank. This Bank normally specializes in providing financial services to the Porn Industry. The Bank was introduced to the Trumps, initially the Junior Trump by a guy called Smyrnov, a common name in Russia but the Father of this particular Smyrnov worked in the private office of Vladimir Putin.Thus the very survival of Trump politically depends entirely on the goodwill and generosity of Putin.

All these facts are on the public record and can be confirmed - every single one of them.
Y'know, I generally dismiss stuff like the above as "conspiracy theory" fodder.....but I cannot for the life of me come up with an alternate explanation. Russians and Trump have had a long and cozy relationship. Oligiarchs in Russia would launder millions in kleptocracy gains through overpriced Trump real estate, selling his poorly constructed/vastly overvalued condos would whitewash their ill-gotten gains.

The Russian elite get their whitewashed money and Trump maintains the fantasy of a "successful businessman".
 
He's gone into hiding on this thread, he doesn't want to add to his string of embarrassing losses of arguments.
He has a way of disappearing after he gets a beat down he can’t defend.

As of now, he can't sell it for nearly six more months. It could be totally worthless (like him) by then.
Unless the board grants release. Could they be that masochistic?
 
You posted this in response to my original post August 2022 when I stated that Truth Social was "going broke". It was going broke, but was suddenly rescued by an $8 million cash injection. Ask yourself 'Where did that money come from?" I'll help you - It came from a bank based in the Dominican Republic, a Russian Bank. This Bank normally specializes in providing financial services to the Porn Industry. The Bank was introduced to the Trumps, initially the Junior Trump by a guy called Smyrnov, a common name in Russia but the Father of this particular Smyrnov worked in the private office of Vladimir Putin.Thus the very survival of Trump politically depends entirely on the goodwill and generosity of Putin.

All these facts are on the public record and can be confirmed - every single one of them.

And?
 
Y'know, I generally dismiss stuff like the above as "conspiracy theory" fodder.....but I cannot for the life of me come up with an alternate explanation. Russians and Trump have had a long and cozy relationship. Oligiarchs in Russia would launder millions in kleptocracy gains through overpriced Trump real estate, selling his poorly constructed/vastly overvalued condos would whitewash their ill-gotten gains.

The Russian elite get their whitewashed money and Trump maintains the fantasy of a "successful businessman".
You are right to be sceptical, but all sorts of pointers emerge after an initial investigation. 1. About 15-17,000 Russian/Ukranian 'tourists' were stranded in Dominica by sanctions following the invasion of Ukraine. 2. Dominica operated a 'Golden Passports' scheme (still does I think) where people with enough money, a minimum of $100,000 could buy citizenship. 3. Russian Banks which have offices there do not trade within Dominica but provide services for Russian clients who transact in 'third' countries and are therefore not subject to local regulation. 4.Trump has had Bank accounts in Dominica since at least 2007. He reported $290 million in sales receipts in 2009 but nothing was actually built; so where did the money go?

He re-started a stalled beachfront property development there in 2018 - shortly after Trump had declared that he and his organisation would be making no further foreign investments. He even sent Secretary of State Pompeo to the inauguration of the new Dominican President in 2018 - a classic Trump use of political clout to develop his personal financial interests.

I know that I am an addict for detail, but with Trump, the deeper the dig the more dirt is found. There is no doubt in my mind that Trump is a security risk to the USA and Keith D's long held assertion in that respect is entirely correct.
 
TS closed today at ....

You can buy in it's only $35.59 a share right now, that's down from $37.65 a share where it opened the day....it's a great deal, buy lots before someone else beats you to it!!
So is $35.59 a fair valuation for a company that lost 58 Million, and had a net income of around 10 Million. Inquiring minds want to know Carbon Water Boys answer.
 
TS closed today at ....


So is $35.59 a fair valuation for a company that lost 58 Million, and had a net income of around 10 Million. Inquiring minds want to know Carbon Water Boys answer.
MSNBC had analysts determine a proper value for the DJT stock.
Their collective answer: 50 cents per share.
The premium is for "stiggin' it to teh Libz".
 
You are right to be sceptical, but all sorts of pointers emerge after an initial investigation. 1. About 15-17,000 Russian/Ukranian 'tourists' were stranded in Dominica by sanctions following the invasion of Ukraine. 2. Dominica operated a 'Golden Passports' scheme (still does I think) where people with enough money, a minimum of $100,000 could buy citizenship. 3. Russian Banks which have offices there do not trade within Dominica but provide services for Russian clients who transact in 'third' countries and are therefore not subject to local regulation. 4.Trump has had Bank accounts in Dominica since at least 2007. He reported $290 million in sales receipts in 2009 but nothing was actually built; so where did the money go?

He re-started a stalled beachfront property development there in 2018 - shortly after Trump had declared that he and his organisation would be making no further foreign investments. He even sent Secretary of State Pompeo to the inauguration of the new Dominican President in 2018 - a classic Trump use of political clout to develop his personal financial interests.

I know that I am an addict for detail, but with Trump, the deeper the dig the more dirt is found. There is no doubt in my mind that Trump is a security risk to the USA and Keith D's long held assertion in that respect is entirely correct.
This analysis and detail reminds me of Lester Freeman in the Wire. A simple precept that to understand and break up major criminal activity one has to “follow the money.”
Instead of doing that we’ve all ended up with financial systems that enable that trail to be disrupted and results in obfuscation.
Which is why non progressives are so vehemently against regulation. And why the rightist new media has its own agenda, to spread disenchantment against investigative journalism and established fact.
One only has to look at the company trump keeps (imagine roy cohn as your mentor) to see the result of lack of ethical practice.
And perhaps saddest of all are the bigoted deplorables who daily defend him as they rail against the MSM and politicians. Yet refuse to see his real character and corrosive actions. Who swallow the lies that he’ll drain the swamp, and that outsiders are the root of their problems.
 
MSNBC had analysts determine a proper value for the DJT stock.
Their collective answer: 50 cents per share.
The premium is for "stiggin' it to teh Libz".
But Arpy disagree's....

Lol, someone doesn't know anything about the stock market. And then didn't bother to go look up the historical data before trying to convince everyone that he's an investment strategist.

For instance, Trump media was actively trading before the merger and had been actively trading for quite awhile. So anyone could have purchased shares at $36.94 on 3/22/2024. And they then could have sold those shares on 3/29/2024 for a hefty profit.

If there were enough people doing that and taking their profit it would have driven the market price down. Which is EXACTLY what happened.

Amazingly you don't understand any of that.
 
Unless the board grants release. Could they be that masochistic?
A good chance they will. Everyone else has been tip-toeing around the bastard and giving him favorable treatment. So much for everyone being equal before the law.
 
Anyone thinking of investing?

First perhaps, look at the audited accounts and particularly the auditor who signed off on them.
The auditor of Truth Social which was floated as DJT is BF Borgers of Aspen Colorado.
Ben Borgers established the company in 2009; it employs 10 CPA's and 40 non qualified staff.
It audits 170 public companies mainly low caps seeking more modest fees than the Big 4 firms, each with their thousands of qualified CPA's would charge.
The PCAOB (Public Company Accounting Oversight) Board has in the past couple of years audited Borgers work with 21 of their clients. The PCAOB which reports to Congress, found that in every one of the 21 clients examined, the audit work was wrong and inadequate in both practice and principle. 100% of cases examined were flawed.
Two of Borgers accountants were banned by the PCAOB from this work in future.
Borgers himself was fined $5000 by the Colorado regulators for inept work.
Canada has banned Borgers work from any accounting or audit work there.

Yet even Borgers with their record qualified their sign off stating that the future of DJT as a going concern was doubtful.

If anyone still has confidence, can you identify a qualified analyst (A CFA) willing to assess the true value of this stock as more than $0.50 cents.

I make no recommendations at all.:)
 
Anyone thinking of investing?

First perhaps, look at the audited accounts and particularly the auditor who signed off on them.
The auditor of Truth Social which was floated as DJT is BF Borgers of Aspen Colorado.
Ben Borgers established the company in 2009; it employs 10 CPA's and 40 non qualified staff.
It audits 170 public companies mainly low caps seeking more modest fees than the Big 4 firms, each with their thousands of qualified CPA's would charge.
The PCAOB (Public Company Accounting Oversight) Board has in the past couple of years audited Borgers work with 21 of their clients. The PCAOB which reports to Congress, found that in every one of the 21 clients examined, the audit work was wrong and inadequate in both practice and principle. 100% of cases examined were flawed.
Two of Borgers accountants were banned by the PCAOB from this work in future.
Borgers himself was fined $5000 by the Colorado regulators for inept work.
Canada has banned Borgers work from any accounting or audit work there.

Yet even Borgers with their record qualified their sign off stating that the future of DJT as a going concern was doubtful.

If anyone still has confidence, can you identify a qualified analyst (A CFA) willing to assess the true value of this stock as more than $0.50 cents.

I make no recommendations at all.:)

And?
 
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