Truth Social - Going Broke?

[SmokingFap]

Laughing my motherfucking ass off. After issuing 37 million new shares of DJT (can you spell dilution?), the stock has plummeted to under $18 a share, another new 52-week low. But wait, there's more! A judge just authorized (Trump's people had sued to block it) the sale of 18 million shares by two LLCs. I believe I saw in another story that their lockup period ends before Trump's. Ooh, ooh! And if you call RIGHT NOW, we'll throw in the fact that Trump will be sentenced for 34 felonies on September 18th, two days before his lockup period is scheduled to end. I'm guessing that on September 19th, DJT stock won't be worth a My Pillow.

 

[Musinginspace]

It appears that Donald Trump's Truth Social is teetering on the brink of insolvency. Subscribers and revenue have fallen through the floor and their IT providers/support are owed over 1.5 million on overdue accounts. The alternative to a 7th bankruptcy for a Trump company might be an appeal to his political supporters for funds. The only questions will be: firstly are there enough folks left silly enough to send money, and secondly, will Trump be able to arrange things so that he can cream off 80%+ of any contributions for himself.

I've been watching this closely. The date when he can sell is approaching and now the question is will he or won't he sell. If he sells he runs the risk of losing his supporters that bought stock. He also is in dire need of money. His legal bills are adding up and funding his election is taking a toll.

Another angle is that I have a feeling people are losing interest. Truth Social numbers are down, new users, the number of people logging on is dwindling.

 

[SmokingFap]

And if you call RIGHT NOW, we'll throw in the fact that Trump will be sentenced for 34 felonies on September 18th, two days before his lockup period is scheduled to end.

Felt the need to clarify this statement for our dimwitted MAGA friends. Trump's STOCK lockup period is scheduled to end on September 20th. His JAIL lockup period might START two days earlier. Understood?

 

[Pad_Foot]

No wait!! It improved

 

[Fuzzy1975]

So that's a no/ As in, it's not broke yet? After all these years?

View attachment 2387111
No wait!! It improved
View attachment 2387112

Damn HisArpy, that's gota hurt.....you hero's sinking faster than the Titanic.

 

[colddiesel]

About 70% of DJT stock cannot be traded at all at the moment. So extrapolating the price on the basis of the tiny quantities traded is absurd; it in no way reflects the realizable assumptions of total alleged "value." Wait and see, and meanwhile I'll hang onto the modest hand-full I have in Berkshire H.

 

[doowdniw]

The difference between Berk. and DJT is that one is an investment while the other is pure speculation. I'll go with the investment every time.

 

[butters]

the apprentices school the 'boss'

to ex tv 'Apprentice's get judge's go-ahead that they CAN sell their $350M stake, under the previously agreed-to terms by trump media, on the expiration of the lockups in September... prices have fallen to around $17

UAV is owned by Andrew Litinsky and Wesley Moss, former contestants on Trump’s TV show, “The Apprentice” who also helped facilitate a merger that took Trump Media public in March.

Since then, UAV and Trump Media have been battling in courts in both Delaware and Florida over UAV’s stake in the company.

Attorneys for Trump Media assured a state judge in Delaware earlier this year that UAV was entitled to an 8.6% stake and would suffer no merger-related dilution. They now contend, however, that UAV is not entitled to its shares because of pre-merger mismanagement by Litinsky and Moss.

Friday’s ruling involves UAV’s concerns that it will not receive its Trump Media shares, currently valued at about $350 million, from Odyssey when a post-merger lockup period expires Sept. 19.

Williams ordered that when Odyssey is notified by TMTG of the expiration of the lockup provisions, it must promptly notify UAV, remove transfer restrictions on all shares and not interfere with the delivery of the shares.

https://www.msn.com/en-us/money/com...p&cvid=c85ad8ec37ed44e3a2bb745c2319de05&ei=49

 

[HisArpy]

Is it broke yet? No?

 

[Lazaran]

the apprentices school the 'boss'

to ex tv 'Apprentice's get judge's go-ahead that they CAN sell their $350M stake, under the previously agreed-to terms by trump media, on the expiration of the lockups in September... prices have fallen to around $17







https://www.msn.com/en-us/money/com...p&cvid=c85ad8ec37ed44e3a2bb745c2319de05&ei=49

The day those lockups end is going to be hilarious.

It’ll be must-see infighting among the sharks and vultures. (And the ignorant average MAGAts will be left holding their empty bags.)

 

[SmokingFap]

Is it broke yet? No?

https://www.cbsnews.com/news/trump-media-says-its-second-quarter-revenue-plunged-30-to-under-900000/

I haven't been able to find their complete financial statements yet, to see how much cash and other assets they have, but if their debts are greater than their assets, and expenses are out-stripping revenue, I think you can safely call that "broke".

 

[SmokingFap]

Ahh! Here's a bit more detailed financials for DJT. Unfortunately, for those who enjoy doing technical analysis in their stock investing (as opposed to chartists, but surely I don't have to explain the difference to all of you), one cannot effectively calculate the price-to-earnings ratio for DJT stock, as it has earnings of approximately negative $3.90 per share...

https://www.gurufocus.com/term/pettm/DJT

 

[HisArpy]

https://www.cbsnews.com/news/trump-media-says-its-second-quarter-revenue-plunged-30-to-under-900000/

I haven't been able to find their complete financial statements yet, to see how much cash and other assets they have, but if their debts are greater than their assets, and expenses are out-stripping revenue, I think you can safely call that "broke".

Tell us you don't understand finance without telling us you don't understand finance.

 

[SmokingFap]

Tell us you don't understand finance without telling us you don't understand finance.

What's your definition of "broke", then? It's not an actual financial term, but my definition is when you owe more than you have or can be reasonably expected to earn or raise. DJT meets those criteria. They're circling the drain. If YOUR definition of "broke" is "insolvent", which IS a financial term, then I suppose DJT has at least a couple more months before they become broke. Their own auditing firm stated that there is a significant likelihood that Trump Media faces challenges as an "ongoing concern". More actual financial terms.

By the way, I have a business administration degree, complete with two semesters of accounting, three of economics, one of quantitative methods and probability theory, and two of calculus. But I'm sure your high school algebra class is pretty much the same.

 

[SmokingFap]

Tell us you don't understand finance without telling us you don't understand finance.

I see you had nothing to say about the fact that TMTG had negative $3.90 earnings per share in the 12 months ending in June 2024. Maybe it's because you don't know what earnings per share is. Or that it's not possible to calculate a rational price-to-earnings ratio (an official stock investing term!) if the earnings are actually negative. So tell us how much you understand finance.

 

[Lazaran]

What's your definition of "broke", then? It's not an actual financial term, but my definition is when you owe more than you have or can be reasonably expected to earn or raise. DJT meets those criteria. They're circling the drain. If YOUR definition of "broke" is "insolvent", which IS a financial term, then I suppose DJT has at least a couple more months before they become broke. They're on auditing firm stated that there is a significant likelihood that Trump Media faces challenges as an "ongoing concern". More actual financial terms.

By the way, I have a business administration degree, complete with two semesters of accounting, three of economics, one of quantitative methods and probability theory, and two of calculus. But I'm sure your high school algebra class is pretty much the same.

Good rebuttal, but you might want to fix “they’re on auditing firm” with “their own auditing firm”.

 

[SmokingFap]

Good rebuttal, but you might want to fix “they’re on auditing firm” with “their own auditing firm”.

Good catch. I use speech-to-text to save time, and then go back to make corrections. I don't catch all of them.

 

[Lazaran]

Good catch. I use speech-to-text to save time, and then go back to make corrections. I don't catch all of them.

The typo was minor.

The rebuttal was solid.

 

[SmokingFap]

It typo was minor.

The rebuttal was solid.

I'll await his response. I'm sure it will be factual and well-reasoned.

 

[deckardB26354]

What a wonderful year it’s been for this stock! I hope all of the profit takers have gotten out safely and hopefully the shorters are hard-riding this pig that’s about to auger in.

If you’ll notice (if you Trump types know to read and process information), the stock price is about to hit it’s 52-week low—if it hasn’t already.

Today is the last day before Trump can dump his shares and get around a cool billion for it. He says that he won’t sell, but we’ll see. When he loses in November () and the court cases come home to roost, he’s going to have to have a Ghouliani-type fire sale to pay off his legal bills—because any lawyer in their right mind would ask for money upfront this time.

 

[HisArpy]

What's your definition of "broke", then? It's not an actual financial term, but my definition is when you owe more than you have or can be reasonably expected to earn or raise. DJT meets those criteria. They're circling the drain. If YOUR definition of "broke" is "insolvent", which IS a financial term, then I suppose DJT has at least a couple more months before they become broke. Their own auditing firm stated that there is a significant likelihood that Trump Media faces challenges as an "ongoing concern". More actual financial terms.

It ain't over until the fat lady sings. She's not even warming up yet.

By the way, I have a business administration degree, complete with two semesters of accounting, three of economics, one of quantitative methods and probability theory, and two of calculus. But I'm sure your high school algebra class is pretty much the same.

Dam. And here I am remembering how you thought my DOCTORATE wasn't good enough to prove anything.

Perhaps I should refrain from mentioning my post doctoral accounting degree. Yes? No?

 

[Pad_Foot]

Wait THREE more days... 9/22 ??
Short this now to $10.
In three days Trump and others will dump their stock.
Trump owns 57%
Yup... sure bet this stock is going DOWN in THREE DAYS

 

[butters]

 

[deckardB26354]

It ain't over until the fat lady sings. She's not even warming up yet.

Read the chart, moron. The fat lady has been yodeling her ass off since Biden passed the torch onto Kamala.

 

[SmokingFap]

It ain't over until the fat lady sings. She's not even warming up yet.



Dam. And here I am remembering how you thought my DOCTORATE wasn't good enough to prove anything.

Perhaps I should refrain from mentioning my post doctoral accounting degree. Yes? No?

I should have guessed from all those professional accounting terms you throw around. Like "broke". I never studied "broke" in my accounting classes. I guess they don't get to that until post-grad...