EXCLUSIVE c2024 Showbiz411 must credit: How close is Donald Trump and his family to the owner of the club where the Moscow massacre took place? Well, Donald starred in a music video made by Emin Agalarov, son of the club’s billionaire owner. Fast forward to the last 20 seconds of Emin’s video below.
The Trumps — meaning Donald and Donald Jr — have deep associations with the Agalarovs, who own the Crocus City Hall club where dozens of Russians were murdered last night.
In 2013, Donald Trump staged his Miss Universe Pageant at the Crocus Club. When Trump was running for President in 2016, Donald Jr. held his now infamous meeting with the Russians at Trump Tower thanks to the Agalarovs. Is it a coincidence that yesterday’s horror took place in Crocus City Hall? We may never know. But the connection between Trump and the Agalarovs, not to mention Vladimir Putin, exists.
Below is our take on the DWAC to DJT merger occurring next week. We take issue with the valuation all the news organizations are ascribing.
Right now, at $40 per share, DWAC has a market value of $1.5 billion. It has 40 million shares outstanding. Add trumps 80 million shares and you get 120 million shares. Since the only value being added is Trump’s name (Truth Social loses money), at its current market value DJT Should trade at $$1.25 per share on Monday. Moreover, the only reason DWAC has a current value of $1.5 billion is because it is going to merge with Trumpster’s Truth Social.
Those are the financial realities that the worth is unknowable but certainly not worth even $1 per share. For confirmation: Trump Airlines, Trump University, Trump Steaks, Trump Taj Mahal and other casinos etc.
But in our gambling hungry society which has turned the stock market into a casino, the Meme crowd may initially move it the shares to $10 or $20 or even above $100 because to them it’s all a game. Since, after the merger there will still only be 40 million shares outstanding for trading only 50000 goofs buying 1000 shares each are needed to pump the price to the stratosphere. Short sellers will avoid this stock like the plague. The DJT Board (all Trumpster’s friends) at DJT will at some point before the six months lock up (before insiders can sell) allow the Trumpster permission to sell shares and The Trumpster will have created the greatest con of his career and the most profitable con job ever.
If someone could rationally explain to all of us, how that SPAC can be worth more than one mill [which is a thousandth of a cent] per share, that person is the greatest genius around today!
“ Trump Media had revenue of just $1.1 million in the third quarter of 2023, while also posting a quarterly loss of $26 million.” That Trump fellow sure is great at one thing: losing money! 26 million?! As in dollars?! People are sick of hearing him whine all the damn time. Had he walked away from the White House loss and just pulled a John McCain and appeared on tv talk shows for the last few years , Truth Social would be taking in fat cash. But no, this shithead had to go and foment a coup. Idiot.
As I was saying yesterday, while this is a POTENTIAL windfall of money for Trump, the issue is this is NOT liquid, and therefore can't be used directly to offset the required bond.
What he has to do is take out a loan using this as collateral. By Monday. And the terms of that loan are not going to be "I'll put up 50,000 shares of Digital world". It's going to be "I'll put up the VALUE of $454 million in Digital World shares".
Meaning that while a share price of $44 and a share count of 70 million leads to that 3billion dollar windfall figure ... if the share price tanks in the six months that he's not allowed to liquidate any ... and it almost certainly will given the underlying financial numbers ... down to something like $20 / share ... his stake is down to 1.4 B ... of which he now owes more than half of that to that one single judgment (because I'm positive that interest doesn't STOP accruing just because you appeal).
While yes, he has more "worth" than he did yesterday, he does NOT have more liquid cash on hand, and this is not some "buy my way out of jail free" card for PAB.
The FIVE BILLIONS value is basically speculative, based on revenue the company COULD make if it simply thrives and thrives and people all over the world scramble to buy shares of stock. Does the company make money now? Well, no. -$26 million last quarter. But that’s NORMAL when you are launching a YUGE Twitter knockoff. Fear not, THIS is the Trump venture that will sell like hot steaks. But even so, Trump can’t access any money or loot the company until the election is upon us, so he’s still screwed if he loses in November. Spoiler: he’s going to lose in November.
The value of this stock is also likely to go down because everyone involved is suing each other, because that’s another thing that happens when you get in bed with the PAB.
i'm only here for the sting pics.
This is from Roger Friedman's Showbiz 411 today:
EXCLUSIVE c2024 Showbiz411 must credit: How close is Donald Trump and his family to the owner of the club where the Moscow massacre took place? Well, Donald starred in a music video made by Emin Agalarov, son of the club’s billionaire owner. Fast forward to the last 20 seconds of Emin’s video below.
https://www.youtube.com/watch?v=iuZUNjFsgS8&embeds_referring_euri=https%3A%2F%2Fwww.showbiz411.com%2F&feature=emb_imp_woyt
The Trumps — meaning Donald and Donald Jr — have deep associations with the Agalarovs, who own the Crocus City Hall club where dozens of Russians were murdered last night.
https://www.northjersey.com/story/news/new-jersey/2019/04/20/mueller-report-reveals-how-a-tenafly-boy-turned-russian-pop-star-got-involved-with-trump/3519016002/
In 2013, Donald Trump staged his Miss Universe Pageant at the Crocus Club. When Trump was running for President in 2016, Donald Jr. held his now infamous meeting with the Russians at Trump Tower thanks to the Agalarovs. Is it a coincidence that yesterday’s horror took place in Crocus City Hall? We may never know. But the connection between Trump and the Agalarovs, not to mention Vladimir Putin, exists.
How on earth can a pretty simple app like this require $49 million to operate?!?
The Trump $5Billion Con job.
Below is our take on the DWAC to DJT merger occurring next week. We take issue with the valuation all the news organizations are ascribing.
Right now, at $40 per share, DWAC has a market value of $1.5 billion. It has 40 million shares outstanding. Add trumps 80 million shares and you get 120 million shares. Since the only value being added is Trump’s name (Truth Social loses money), at its current market value DJT Should trade at $$1.25 per share on Monday. Moreover, the only reason DWAC has a current value of $1.5 billion is because it is going to merge with Trumpster’s Truth Social.
Those are the financial realities that the worth is unknowable but certainly not worth even $1 per share. For confirmation: Trump Airlines, Trump University, Trump Steaks, Trump Taj Mahal and other casinos etc.
But in our gambling hungry society which has turned the stock market into a casino, the Meme crowd may initially move it the shares to $10 or $20 or even above $100 because to them it’s all a game. Since, after the merger there will still only be 40 million shares outstanding for trading only 50000 goofs buying 1000 shares each are needed to pump the price to the stratosphere. Short sellers will avoid this stock like the plague. The DJT Board (all Trumpster’s friends) at DJT will at some point before the six months lock up (before insiders can sell) allow the Trumpster permission to sell shares and The Trumpster will have created the greatest con of his career and the most profitable con job ever.
For more on this extraordinary Trump Con see: https://www.spacinsider.com/news/deal-announcements-amendments/digital-world-dwac-adds-50m-pipe-with-generous-terms
I remember when the NYT was a publication well worth subscribing to. It shocking to see how it has deteriorated.
If someone could rationally explain to all of us, how that SPAC can be worth more than one mill [which is a thousandth of a cent] per share, that person is the greatest genius around today!
"ether-fueled decorating binge"
Let's not get all judgy about this - I mean, who among us, eh?
And yet Trump's assertions in interviews of how well the self-styled Truth Social is performing are never contradicted.
Over on WallStreetBets, the memebros are laughing about this deal, calling it "Trump selling the Brooklyn Bridge with a couple extra steps."
“ Trump Media had revenue of just $1.1 million in the third quarter of 2023, while also posting a quarterly loss of $26 million.” That Trump fellow sure is great at one thing: losing money! 26 million?! As in dollars?! People are sick of hearing him whine all the damn time. Had he walked away from the White House loss and just pulled a John McCain and appeared on tv talk shows for the last few years , Truth Social would be taking in fat cash. But no, this shithead had to go and foment a coup. Idiot.
Ta, Gary. Losers gonna lose.
As I was saying yesterday, while this is a POTENTIAL windfall of money for Trump, the issue is this is NOT liquid, and therefore can't be used directly to offset the required bond.
What he has to do is take out a loan using this as collateral. By Monday. And the terms of that loan are not going to be "I'll put up 50,000 shares of Digital world". It's going to be "I'll put up the VALUE of $454 million in Digital World shares".
Meaning that while a share price of $44 and a share count of 70 million leads to that 3billion dollar windfall figure ... if the share price tanks in the six months that he's not allowed to liquidate any ... and it almost certainly will given the underlying financial numbers ... down to something like $20 / share ... his stake is down to 1.4 B ... of which he now owes more than half of that to that one single judgment (because I'm positive that interest doesn't STOP accruing just because you appeal).
While yes, he has more "worth" than he did yesterday, he does NOT have more liquid cash on hand, and this is not some "buy my way out of jail free" card for PAB.
The FIVE BILLIONS value is basically speculative, based on revenue the company COULD make if it simply thrives and thrives and people all over the world scramble to buy shares of stock. Does the company make money now? Well, no. -$26 million last quarter. But that’s NORMAL when you are launching a YUGE Twitter knockoff. Fear not, THIS is the Trump venture that will sell like hot steaks. But even so, Trump can’t access any money or loot the company until the election is upon us, so he’s still screwed if he loses in November. Spoiler: he’s going to lose in November.
"Yr Wonkette is a more functional business concern than TruthSocial, and we’re supported exclusively by you people."
This is why we love you, Wonkette!
Look at the bright side, if trump pulls this off, then E Jean and New York state get paid
The value of this stock is also likely to go down because everyone involved is suing each other, because that’s another thing that happens when you get in bed with the PAB.