So while I admittedly don't know a whole lot about how business mergers work, and MAGAs make for a really poor source of Trump information. According to a bunch of them on YT YT Trump video comments. With this $4 billion Truth Social deal he has he'll easily be able to pay the $$$ and still have billions left over. While I don't believe it's quite that easy, a few have assured me it is. One even told me Trump would "laugh" at the Dems when he paid the $400 million like it was nothing. I don't see a greedy ass like Trump laughing at giving away $400 million, but what do I know? lol.
The deal hasn't even gone thru, but it looks like it will, and it looks like it'll be a boatload of cash. When the MAGAs were yammering on about this I was laughing because it sounded so insane. I figured they were just making shit up as usual. But out of boredom I Googled it and apparently, his Twitter knock off is actually worth a lot and there is a deal for billions on the table for him. I'm confused at this deal, while I've never even used it. Everything from a non MAGA source I've heard is Truth Social is a joke of a site and has been bleeding money since day 1. But he's about to hit pay dirt.
So it would appear this snake actually has an out here.
Many MAGAs are also claiming if the state starts taking assets from him now, when he finally wins the appeal (which he will 100%) They'll have to give all the $$$ back with 9% interest. They seem to know a lot about how the legal system works, definitely more than the whole NY court system that's behind this case. And Trump will get the last laugh and the state will end up having to give him a ton of $$$. So according to their logic, the state taking his assets will be a good thing for Trump in the end. I don't know how they perform these mental gymnastics, but it's fascinating that they're able to twist every bad predicament he's in into one where he comes out on top lol.
You were raised to identify with a tribe that values truth and reason. Facts and logic.Apologies for the rant, just trying to make sense of something that doesn't make sense at all.
Yeah I’m no finance expert by a mile but if I’m not mistaken Twitter’s current value is thought to be somewhere around $12 billion and while Elon has royally fucked This yay site up it at least has lots of users, an established ecosystem of sorts, etc. Trump’s knockoff site has none of those things so the idea that it’s worth nearly as much is obvious bullshit. In fact outside of being a place where Trump makes his dementia addled tweets and the ability to grift some particularly stupid users it’s hard to see any value to it.
If the deal goes through, Trump's stake will have a paper value of $4B. It is highly unlikely that he could ever pull billions in net proceeds from the deal. Nobody sane thinks Truth Social is actually worth $10B, so as soon as DJT starts selling shares, the stock would crater. MAGAts can laugh and yammer all they want; they'll be the ones holding the bag (of worthless stock) if this deal goes through and Trump tries to sell his shares.
To give you an unrelated example, Vietnamese automaker VinFast had a market cap of at least $85B last year (also after a shady SPAC deal). After a dismal launch of its BEV, the market cap is currently about $13B. I believe that's still much too high, but I'm not an auto industry analyst.
I want to know the same thing. Many left leaning sites are speculating that he doesn't have the means to do it. I've read that his attorney's began the process of filing an appeal yesterday but none of that matters until he shows them the money.So do we know if he has put up the cash to appeal?
I want to know the same thing. Many left leaning sites are speculating that he doesn't have the means to do it. I've read that his attorney's began the process of filing an appeal yesterday but none of that matters until he shows them the money.
My maga parents are melting down over this and I won't be surprised if their mailbox isn't flooded with donate to Trump junk mail this next week.
I want to know the same thing. Many left leaning sites are speculating that he doesn't have the means to do it. I've read that his attorney's began the process of filing an appeal yesterday but none of that matters until he shows them the money.
My maga parents are melting down over this and I won't be surprised if their mailbox isn't flooded with donate to Trump junk mail this next week.
fskimospy answered your question earlier in the thread.He hasn’t put it up yet, no. And to be clear he doesn’t have to put it up to appeal, he has to put it up to stop the state from auctioning off his assets.
In a world where logic and common sense should guide a person's decision making processes, especially one as important as choosing our top leader we have what looks like mass hysteria, spitefulness, hate and a case of grooming a segment of the population into a state of engineered denial that has frustrated them into relying on lies and disinformation as a means to mistakenly justify and reconcile their decision to support the worst choice possible for leading us into a future filled with imminent threats to our security.
Yup, and from what I understand, they can start going after his assets now.As to the question of can he afford to appeal, the answer has come in: he can't. ABC reporting that he's filed to post a $100mm bond and argued that anything above that is unnecessary due to the special master. Which, of course, just means that he can't get a bond for more than $100mm from any permitted source.
The only thing that makes sense would be a company banking on him winning the presidency again and exchanging the money for corrupt influence.From the article
A bonding company would be on the hook for any payout if Trump lost his appeal and proved unable to pay.
I can't see any company doing this, but if Trump can actually find one dumb enough to put the $$$ up then they deserve to lose their money lol. This would be a 100% way to never see your cash again. Now I think about it, a MAGA owned bonding company could be his saving grace lol.
It's interesting how a billionaire who just made $4 billion on his shitty social site can only come up with 100m. Maybe his cult people were wrong about how he could "easily pay this"
Yup, and from what I understand, they can start going after his assets now.
I mean, aren't most his properties inverted on liquidity? Isn't that one of the reasons he's on trial for fraud? Lying about the value of his properties to investors to use as collateral or w/e??I bet he's leveraged to almost zero (relative to overall value) equity on any of his major properties.
There's probably people posting on this forum with more real liquidity ...
I mean, aren't most his properties inverted on liquidity? Isn't that one of the reasons he's on trial for fraud? Lying about the value of his properties to investors to use as collateral or w/e??
1800 page filing ... holy shit.
Is that like trying to filibuster the judicial system with nonsense till he's POTUS again?
That doesn't really work here though because again, the judgment is already entered - this is the one case where further delay actually hurts him as if the court gets bogged down the state can just start auctioning off his properties. The only thing that saves him here is if the court grants a stay of the judgment.Is that like trying to filibuster the judicial system with nonsense till he's POTUS again?
That doesn't really work here though because again, the judgment is already entered - this is the one case where further delay actually hurts him as if the court gets bogged down the state can just start auctioning off his properties. The only thing that saves him here is if the court grants a stay of the judgment.