There are 30M shares, plus whatever amount will be exercised in the warrants (up to 25M ish?). The initial valuation is 1.7B, so that's $31-57 per share to start.
Facebook, which is a similar platform is currently selling for $340 ish per share, but it has almost 3 billion shares (compared to a current max of 55M for DWAC). If DWAC were to go to that status it would be worth about $17,500 per share.
Of course Facebook makes all its money off of selling our lives to the highest bidder, and presumably Trumps media company won't do that. I don't know how it will make money, but its probably not going to be on the same level. It is safe to say it will be worth a lot more than the 1.7B initial valuation though, as long as it does well. And I'd bet money it will do well (in fact I have).
It already has a volume of 450M (off of 30M shares). Scalpers have ALREADY taken profit. A lot of it. The reason it is where it is at now is because people see that it will obviously go up quite a bit from here. Just based on the initial valuation its worth about what it is at now. Its not going down from this point, at least not by any meaningful measure. It makes no sense from the perspective of total shares and initial valuation.
I'm guessing the reason both the price and volume have leveled off is because there aren't that many shares left to buy.
I have no issues with it smashing through the roof from here, I sold 50% of my initial purchase from this morning and will hold onto the rest. But all it takes is a bit of panic to create a waterfall. We'll see what happens.
I am not a prognosticator, but panic doesn't change the math.
The initial valuation is 1.7B. The initial number of shares is 30-55M (depending on warrants exercised). That puts the initial share value at $31-57 per share.
There are 30M shares, plus whatever amount will be exercised in the warrants (up to 25M ish?). The initial valuation is 1.7B, so that's $31-57 per share to start.
Facebook, which is a similar platform is currently selling for $340 ish per share, but it has almost 3 billion shares (compared to a current max of 55M for DWAC). If DWAC were to go to that status it would be worth about $17,500 per share.
Of course Facebook makes all its money off of selling our lives to the highest bidder, and presumably Trumps media company won't do that. I don't know how it will make money, but its probably not going to be on the same level. It is safe to say it will be worth a lot more than the 1.7B initial valuation though, as long as it does well. And I'd bet money it will do well (in fact I have).
The idea that it will tank...
I have no idea where you get that from.
I think when a hoard of scalpers take profit, it will settle back into that zone and move up from there. This is the first day of trading post news.
It would be foolish to dive head first all in as many here were dying to do this morning. In this fashion, you can buy down.
Of course this is my opinion only.
It already has a volume of 450M (off of 30M shares). Scalpers have ALREADY taken profit. A lot of it. The reason it is where it is at now is because people see that it will obviously go up quite a bit from here. Just based on the initial valuation its worth about what it is at now. Its not going down from this point, at least not by any meaningful measure. It makes no sense from the perspective of total shares and initial valuation.
I'm guessing the reason both the price and volume have leveled off is because there aren't that many shares left to buy.
I have no issues with it smashing through the roof from here, I sold 50% of my initial purchase from this morning and will hold onto the rest. But all it takes is a bit of panic to create a waterfall. We'll see what happens.
I am not a prognosticator, but panic doesn't change the math.
The initial valuation is 1.7B. The initial number of shares is 30-55M (depending on warrants exercised). That puts the initial share value at $31-57 per share.
Panic doesn't change that number.