


Old boy's gonna have to hawk a few more bibles to make up for it.
Shares of Trump's media firm sink to record low
GoCubsGo wrote: ↑Tue Aug 20, 2024 2:43 pm![]()
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Old boy's gonna have to hawk a few more bibles to make up for it.
Shares of Trump's media firm sink to record low
GoCubsGo wrote: ↑Wed Aug 21, 2024 4:48 pmhttps://pbs.twimg.com/media/GVhbb5UXwAA ... ame=mediumGoCubsGo wrote: ↑Tue Aug 20, 2024 2:43 pm![]()
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Old boy's gonna have to hawk a few more bibles to make up for it.
Shares of Trump's media firm sink to record low
How Reuters calculated the Trump Organization’s financial situation
Reuters sought to estimate the cashflow being generated by former President Donald J. Trump’s various businesses to try to understand how that business has changed over the past decade and the extent to which over $500 million in court judgments against him may put strains on that business.
Reuters used established methodologies and consulted with experts in the different industries in which The Trump Organization operates to establish its estimate of around $80 million in cash after operating expenses from Trump’s businesses in 2024....
That's a good article, followed by another good article.
As I read through your post I was thinking the same thing, though he might be fundraising to prevent the inauguration until it happensGoCubsGo wrote: ↑Wed Aug 21, 2024 7:17 pmThat's a good article, followed by another good article.
https://www.yahoo.com/news/trump-earns- ... 18068.html
The reasons for his overall desperation becomes more acute when you think about what his future holds if he loses. On top of his cashflow being drained from his businesses his fundraising ability to pay his legal and airplane bills (amongst others) goes dry.
Then he gets to spend a couple of years sitting in criminal courtrooms with no one to foot the lawyer bills. Bet he has some lawyers leave him for non payment.
He's gonna launch his 2028 campaign before the 2025 inauguration just to keep the cash spigots open.![]()
... If enforced, the court judgments would exceed the amount of cash that Trump said he had as of this March, via a social media post: “almost five hundred million dollars.”...
djt losses will eclipse all of that biggly
GoCubsGo wrote: ↑Tue Aug 20, 2024 2:43 pm![]()
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Old boy's gonna have to hawk a few more bibles to make up for it.
Shares of Trump's media firm sink to record low
Truth Social Exec Dumps Stock as Price Plummets
The executives at former president Donald Trump's Truth Social venture are officially starting to cash out of its meme stock.
According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.
CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.
Meanwhile, Trump is likely also getting ready to offload his 114 million TMTG shares — roughly 60 percent of the company's outstanding stock — as soon as next month. The six-month lockup period determined by the SEC is set to expire as soon as September 20, clearing the way for Trump to pull out.
As Quartz reports, Trump could make upwards of $2 billion, a hefty sum — but a fraction of what he could've gotten away with earlier this year, before the price inevitably crashed.
... "It’s purchasing his brand," vice president of research at Morningstar John Rekenthaler told Quartz. "But he’s not going to have a brand if he loses a second straight presidential election."
With a second loss, the stock could "go to zero," Rekenthaler predicted.
Whether that would come as a disappointment to Trump is unlikely. The former president has already made more than $1 billion in earnout shares and could easily net another $2 billion soon.
"This is very likely to be his single most successful enterprise," Rekenthaler argued.
I've become pretty convinced that Saudi or Russian money is what's been propping up the stock and they're probably willing to take the hit to curry favor but I also think they won't throw any more money into it.Vrede too wrote: ↑Tue Aug 27, 2024 6:57 pm
Whether that would come as a disappointment to Trump is unlikely. The former president has already made more than $1 billion in earnout shares and could easily net another $2 billion soon.
"This is very likely to be his single most successful enterprise," Rekenthaler argued.
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That's terribleGoCubsGo wrote: ↑Fri Sep 13, 2024 1:16 amSometimes it's literal.
Trump Tower ruled a public nuisance after thousands of fish die
Yeah, ain't gonna bring the fishies back. Also they need to cure the problem.Vrede too wrote: ↑Fri Sep 13, 2024 11:02 amThat's terribleGoCubsGo wrote: ↑Fri Sep 13, 2024 1:16 amSometimes it's literal.
Trump Tower ruled a public nuisance after thousands of fish dieBleed him dry, lock him up!
I was hoping to find some specific consequences in the article
Alina Habba Quietly Pays to Make a Trump Hush-Money Deal Disappear
Trump lawyer Alina Habba has settled a hush-money deal with a Bedminster waitress.
Donald Trump’s attorney Alina Habba recently escaped some legal trouble of her own.
On August 27, Habba settled a case brought against her by Alice Bianco, a former waitress at the Trump National Golf Club in Bedminster, New Jersey, who had sued the club alleging that she was tricked into a hush-money deal after a supervisor sexually harassed her. Bianco also sued Habba, accusing her of betraying ethics by offering her legal advice while helping the club secure a $15,000 deal in exchange for her silence. Just a few weeks after the deal, Habba joined Trump’s legal team....
“The timing could not be more definitive. She silenced me in order to be in Trump’s good graces,” Bianco said to NOTUS. “She is evil. She does the devil’s work for free. She acted as a caring guide in my life. She acted like she could help me, only to then completely ghost me and use me for her own success.”
Habba’s representation of Trump has brought her legal expertise into question, with her statements at times sounding like admissions of Trump’s guilt. In defending the former president, she seems to misunderstand legal terminology like “due process,” and during Trump’s E. Jean Carroll defamation trial was reprimanded 12 times in one day by the judge. Her case with Bianco is something entirely different, though: It calls into question her ethics and morals.
He gets to sell his shares imminently, which will further depress the price.GoCubsGo wrote: ↑Fri Sep 20, 2024 10:12 amThe future is not so bright.
https://pbs.twimg.com/media/GX7NLGzWgAA ... name=large
Lock them up!GoCubsGo wrote: ↑Tue Jun 04, 2024 11:46 amGet ready for more faux outrage from the trumpaloons as their actions have consequences.
Wisconsin attorney general files felony charges against attorneys, aide who worked for Trump in 2020
Ouch, first time I've had sympathy for the Giulianis.Rudy Giuliani's Daughter Implores Voters To Dump Trump In Poignant Essay About Her Dad
Caroline Rose Giuliani, in a heartrending essay, has reflected on the pain inflicted on her and her family since her father, former New York Mayor Rudy Giuliani, went all in on Donald Trump and became the former president’s now-former personal lawyer.
The filmmaker used her Vanity Fair piece to publicly endorse Democratic nominee Kamala Harris in the 2024 election.
“As Rudy Giuliani’s daughter, I’m unfortunately well-suited to remind Americans of just how calamitous being associated with Trump can be,” Giuliani wrote in the article published Monday.
“Watching my dad’s life crumble since he joined forces with Trump has been extraordinarily painful, both on a personal level and because his demise feels linked to a dark force that threatens to once again consume America,” she continued.
Giuliani acknowledged her love for her father and said “the last thing I want to do is hurt him” but feared “this moment and this election are so much bigger than any of us.”
“Trump being the president was the worst thing that ever happened to my dad, to my family, and to our nation’s modern history,” she said, later adding: “Take it from me, Trump destroys everything he touches. I saw it happen to my family. Don’t let it happen to yours, or to our country.”
Read the full essay at Vanity Fair....