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.
“ 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.
The Opinionated Ogre here on Substack said basically the same thing -- his point was that maybe Trump told the truth, however inadvertently, for once when he said that he was only being prosecuted because he was running for POTUS. Because given our history of letting corrupt Presidents fade into the background instead of being held accountable, if Trump had fucked off to his trash palaces in FL and NJ and kept quiet, he might have been ignored. But no, the attention-addicted dumbass had to get on the TV and in front of crowds constantly, reminding everyone of the crimes he had committed.
he is LITERALLY running for POTUS because he was being prosecuted for crimes he fucking committed including (i only note this because it was so fucking trump) FLOODING HIS FUCKING SERVER BY DRAINING HIS FUCKING POOL!!>!
jesus christ does no one remember (checks watch...) late 2022 and the raid of mara lago and the appointment of jack smith because trump freaked out about being raided by the FBI and declared he was running and then there was the cannon smack down from the 11th circuit and...
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.
Go-zillions. Numbers don’t go that high yet. Probably $150 million or so. Maybe. Certainly not $1.5 billion or whatever knee-slapper Trump burped out. It’s his BRAND you see? Anything he stamps, brands, poops in or tinkles on is worth: PRICELESS.
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.
PAB has consistently lied about his worth for over 40 years. He never had a moment that he had more than a few hundred million in highly leveraged positions. There was no lie he would not tell to make himself look like the richest person in the room. All the time cheating on his wives and stuffing his fat cakehole with burgers.
i'm only here for the sting pics.
How on earth can a pretty simple app like this require $49 million to operate?!?
Devin Nunes' salary, mostly.
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
"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.
“The failing NYT”. I guess they can’t hear him.
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.
The Opinionated Ogre here on Substack said basically the same thing -- his point was that maybe Trump told the truth, however inadvertently, for once when he said that he was only being prosecuted because he was running for POTUS. Because given our history of letting corrupt Presidents fade into the background instead of being held accountable, if Trump had fucked off to his trash palaces in FL and NJ and kept quiet, he might have been ignored. But no, the attention-addicted dumbass had to get on the TV and in front of crowds constantly, reminding everyone of the crimes he had committed.
"Trump Finally Told The Truth At A Rally"
https://justinrosario.substack.com/p/trump-finally-told-the-truth-at-a
he is LITERALLY running for POTUS because he was being prosecuted for crimes he fucking committed including (i only note this because it was so fucking trump) FLOODING HIS FUCKING SERVER BY DRAINING HIS FUCKING POOL!!>!
jesus christ does no one remember (checks watch...) late 2022 and the raid of mara lago and the appointment of jack smith because trump freaked out about being raided by the FBI and declared he was running and then there was the cannon smack down from the 11th circuit and...
no one has lost any...
Thanks for the link! 🤛
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.
And how much did he say Merde Lardo is worth?
Go-zillions. Numbers don’t go that high yet. Probably $150 million or so. Maybe. Certainly not $1.5 billion or whatever knee-slapper Trump burped out. It’s his BRAND you see? Anything he stamps, brands, poops in or tinkles on is worth: PRICELESS.
Whatever he claimed, what we know when we don't know anything else is that whatever value he named is a big fat lie
"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.
PAB has consistently lied about his worth for over 40 years. He never had a moment that he had more than a few hundred million in highly leveraged positions. There was no lie he would not tell to make himself look like the richest person in the room. All the time cheating on his wives and stuffing his fat cakehole with burgers.
https://www.washingtonpost.com/outlook/trump-lied-to-me-about-his-wealth-to-get-onto-the-forbes-400-here-are-the-tapes/2018/04/20/ac762b08-4287-11e8-8569-26fda6b404c7_story.html
LOL I smell money laundering.
Maybe mr bonesaw or vlad might make an investment.
Using that airheaded dimwit who married his equal and brought two inept Outer Borough crime families together.