If Trump says he will not sell shares....The stock will go higher...especially if the polls are positiveNot fast enough because the Hush Money sentencing date of the 18th is before the 20th when he can sell any of his shares.
After the business/education fraud he pulled with the Trump University and other lost court litigation...it's obvious that Trump is using the DJT stock to recoup a lot of his losses and he needs to get this sentencing date and the remainder of criminal trials delayed after the November 2024 election so that Trump can erase them out of the legal system if he were to win in November.
wrbtrader
Trump announces new social media network called 'TRUTH Social'
- Thread starter ipatent
- Start date
Trump loses in court again -- fails in scamming others.
Stakeholder in Trump’s Truth Social parent company wins court ruling over share transfer
https://apnews.com/article/trump-media-truth-social-lawsuit-80aa0b7572a6d8d41d4ae71ffb89f290
DOVER, Del. (AP) — A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
The judge on Friday granted summary judgment to Florida-based United Atlantic Ventures LLC in a lawsuit filed against Minnesota-based Odyssey Transfer and Trust Co., a business that handles securities transfers among registered shareholders.
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. According to court filings, Odyssey told UAV earlier this year that it would be taking direction from TMTG and its lawyers.
After Odyssey filed a lawsuit, the parties appeared to have reached a resolution, with Odyssey saying it would remove transfer restrictions on the share after the lockup period expires “without preference to any TMTG shareholder.” After seeking approval from Trump Media, however, Odyssey tried to change that language to “on the same basis as other similarly situated TMTG shareholders.”
Trump holds about 115 million TMTG shares, or roughly 60% of the company’s outstanding shares.
U.S. District Judge Gregory Williams questioned Odyssey’s conduct, noting that it claimed the language change was “immaterial,” while allowing it to scuttle settlement negotiations.
“Even outside settlement negotiations, Odyssey’s conduct has been elusive,” Williams wrote.
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.
TMTG’s share price hit a high of $79.38 on its first day of trading but is now hovering around $17, closing Friday at $17.10.
Stakeholder in Trump’s Truth Social parent company wins court ruling over share transfer
https://apnews.com/article/trump-media-truth-social-lawsuit-80aa0b7572a6d8d41d4ae71ffb89f290
DOVER, Del. (AP) — A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
The judge on Friday granted summary judgment to Florida-based United Atlantic Ventures LLC in a lawsuit filed against Minnesota-based Odyssey Transfer and Trust Co., a business that handles securities transfers among registered shareholders.
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. According to court filings, Odyssey told UAV earlier this year that it would be taking direction from TMTG and its lawyers.
After Odyssey filed a lawsuit, the parties appeared to have reached a resolution, with Odyssey saying it would remove transfer restrictions on the share after the lockup period expires “without preference to any TMTG shareholder.” After seeking approval from Trump Media, however, Odyssey tried to change that language to “on the same basis as other similarly situated TMTG shareholders.”
Trump holds about 115 million TMTG shares, or roughly 60% of the company’s outstanding shares.
U.S. District Judge Gregory Williams questioned Odyssey’s conduct, noting that it claimed the language change was “immaterial,” while allowing it to scuttle settlement negotiations.
“Even outside settlement negotiations, Odyssey’s conduct has been elusive,” Williams wrote.
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.
TMTG’s share price hit a high of $79.38 on its first day of trading but is now hovering around $17, closing Friday at $17.10.
This is why Conservative business's are learn1ng not to put HQ in Blue States and to stop trusting Delaware courts
So Sad.
Trump knocked off world's richest people list as Truth Social stock tanks
https://www.tag24.com/politics/poli...cial-stock-tanks-3316433?utm_source=smartnews
Trump knocked off world's richest people list as Truth Social stock tanks
https://www.tag24.com/politics/poli...cial-stock-tanks-3316433?utm_source=smartnews
Truth Social is a meme stock. No different than Trump playing cards and sneakers. DJT is kept afloat from Trumpers associating it with their hero. From a business perspective the stock basically has little value.
Truth Social would be worth just $1 without Trump's name: financial expert
https://www.rawstory.com/msn-uk/trump-truth-social/
Truth Social would be worth just $1 without Trump's name: financial expert
https://www.rawstory.com/msn-uk/trump-truth-social/
True....Anyone that can capture millions of eyeballs is worth Billions
Oprah made her money with an audience of 3 million people
Tell us when Truth Social generates anywhere near the advertising revenue that Oprah while her show was on the air.
As Musk learned with Twitter -- hate sites generate little advertising revenue.
The Trump meme stock is going down the flusher.
Truth Social stock plunges by more than 15 percent after widely panned Trump debate
https://www.rawstory.com/truth-social-stock-price-2669166706/
Shares in former President Donald Trump's Trump Media and Technology Group, the parent company of his Truth Social network, took a nosedive in early trading on Wednesday, plunging by more than 15 percent shortly after the opening bell on Wall Street.
The dive in Truth Social shares came after Trump delivered a widely criticized debate performance against Vice President Kamala Harris in which he ranted about hoax stories about Haitian immigrants eating Ohio residents' pets.
The drop in share price on Wednesday morning is just the latest in a series of downward slides the company has experienced since the value of its shares peaked in March this year at more than $66 each.
Now, however, shares of the company are trading in the $15 range with seemingly little hope of recovery in the near term, analysts say.
At issue is the fact that earnings reports show that the Trump Media is not only massively unprofitable but is also generating remarkably little in terms of overall revenue.
In the last fiscal quarter, for instance, Trump Media generated just $836,900 in revenue, a 30 percent drop from the revenue it generated in the same quarter one year earlier.
Truth Social stock plunges by more than 15 percent after widely panned Trump debate
https://www.rawstory.com/truth-social-stock-price-2669166706/
Shares in former President Donald Trump's Trump Media and Technology Group, the parent company of his Truth Social network, took a nosedive in early trading on Wednesday, plunging by more than 15 percent shortly after the opening bell on Wall Street.
The dive in Truth Social shares came after Trump delivered a widely criticized debate performance against Vice President Kamala Harris in which he ranted about hoax stories about Haitian immigrants eating Ohio residents' pets.
The drop in share price on Wednesday morning is just the latest in a series of downward slides the company has experienced since the value of its shares peaked in March this year at more than $66 each.
Now, however, shares of the company are trading in the $15 range with seemingly little hope of recovery in the near term, analysts say.
At issue is the fact that earnings reports show that the Trump Media is not only massively unprofitable but is also generating remarkably little in terms of overall revenue.
In the last fiscal quarter, for instance, Trump Media generated just $836,900 in revenue, a 30 percent drop from the revenue it generated in the same quarter one year earlier.
If Trump sells now he is stuck with 1.5 Billion $$
