Claim: "SPAC merging into the new Trump Social Media entity is run by CEO of China Yunhuong Holdings Ltd. which has an address in Whuan" and the implication here is that something sinister is going on.
First its good to read about what is a SPAC to understand what exactly is going on.
A special purpose acquisition company really only exists to seek out another firm that it can bring to the public markets via a merger.
A SPAC is formed by a management team, typically known as a sponsor, that often has a business background, usually with a specific skillset in a niche industry. They initially pony up a nominal amount of investor capital – usually as little as $25,000 – for which they will receive "founder shares" that often equate to a 20% interest in the SPAC.
So what is the SPAC that has been formed to bring Trump Media & Technology Group to IPO through this route? According to the SEC filing the SPAC is called Digital World Acquisition Corp (DWAC) and the Chairman and CEO is Patrick Orlando.
Who is Patrick Orlando ?
According to Yahoo Finance profile
Meet Patrick Orlando, the CEO of Digital World (which raised $300 million earlier this year and has a little less on hand) as well as two other SPACs ... Mr. Orlando is the CEO of Benessere Capital Acquisition Corp. ...
Perhaps more interesting is Mr. Orlando’s role as CEO of Yunhong International (ticker: ZGYH), another SPAC where he is CEO. Yunhong International is located in an office building in Wuhan, China, according to SEC filings. That same address is shared by Yunhong Group, which sells an array of supplements such as “Natural Brain Booster Capsule” and “Bitter Gourd Peptides”.
So what exactly is this Yunhong International ? This SEC filing tells you that it was actually another SPAC which was created to take the company called Giga Energy to public just like DWAC is doing with Trump.
Where is Giga Energy located? According to this article on Nasdaq
Formerly known as Ares Motor Works, Giga Energy aims to accelerate transition of commercial and industrial vehicles to zero emissions and plans to be headquartered in Hangzhou, China.
Interestingly, this SPAC deal failed. If anyone wants to worry about something, find out why this SPAC deal fell through, and was it due to fault of Patrick Orlando
So in summary, Trump is working with Patrick Orlando, who is a guy who has done 3 SPACs, one of them to take a company in China public, and the corresponding SPAC is registered in Wuhan. He is also CEO of another SPAC Benessere Capital Acquisition Corp, which is has its HQ in Miami Florida.
It would be interesting to dig whether Trump and Patrick have other connections, or why Trump decided to go with this guy with limited experience (I am guessing he is trying to avoid any Deep State actors) and this is something other Anons can continue digging, but my conclusion:
Patrick Orlando's SPAC being headquartered in Wuhan, China is benign since they wanted to merge with Giga Energy that was targeting China. Trump has NO connection to these companies as far as I can tell.
However, it would be good to remember that this SPAC of Patrick's fell through and never merged with Giga Energy.
Oh and one final thing to add. Its good to know if after the merger, whether the team running the SPAC continues to run the Trump social media company.
We can learn from past experience here. Take the example of Chamath Palihapitiya, whose SPACs have merged with companies including Virgin Galactic (SPCE). Lets look at the exec team of Virgin Galactic. There is no mention of Chamath Palihapitiya.
So the people who run the SPAC are only experienced in the business aspect of the merge, and are not going to be running the actual company.
That’s right. The SPAC is strictly a shell company setup to take another entity public. The SPAC “CEO” is an investor only.
Idk but every time I doubt Trump I find myself being proven wrong and Trump proves himself right.
I can’t even read into any of his actions anymore because 3 months later some shit will come out that explains things perfectly
Twelfthed
meh fuck it.
I've put worse munny on worse bets.
I'm digging in my heels on patriotism and F the DS.
Shits hitting the fan either way, I'd rather be one of the tossers.
Honestly, at this point who knows how safe the money in the bank is as MOASS hits us!
I did a quick info dump yesterday if it helps anyone.
https://greatawakening.win/p/13zgbm4tjq/x/c/4JH5YEYbYh6
Wait. Something sinister is going on? Trump Jr promoting truthsocial.com, dwac ripping, TMTG merging/going public. Maybe I need some rest. I’m hodl. This is fantastic shit. If anything feels right it’s this.
I agree fren. But shills have been shilling like crazy, thats why I made this post.
Shills will shill. Ignore them
True true. Respect fren.
Hmm .. good idea - we should dig into Bannon and Patrick intersection, might get clues.
Good point. China has its own rebels, and many who are just trying to get along between the CCP and rebels.
"Trump has NO connection to these companies as far as I can tell"
My thoughts, Trump and team would be very very careful on who to hook up with, if you found this info then they most certainly would have hence either this connection is as you say, benign or Trump is pointing us to something.
It's really hard to pin a merger falling through on one person, even the CEO. Not every planned merger actually goes through. It's probable that, given the business climate in China, the government is more likely to have been the main factor.
I agree, but from investor point of view, ruling out any negligence on the part of the SPAC team would be good.
Ok so stupid question here: is there any scenario where this hook-up could result in damaging (taking-down) China’s economy even further? And it would have to be while allowing the investing Patriots to sky-rocket(?) Could it in any way, be a take down? Trying to think out of the box...
I think there are so many guns pointed at Chinese economy that they dont even need this. But anything is possible. I just cant imagine at the moment how this could have anything to do with Chinese economy, but if it does - its a bonus!
Thank you for responding. Def worth watching.
Anything that knocks down our current MSM would affect the CCP, I think.
I like the way you think
I don't consider anyone still doing business in China as "benign" at this point even if it is being spun as "failed SPAC." I'm waiting for an explanation for President Trump before judging any further, but, right now, it's rather alarming that the man who ran on a "America First" platform for two elections is teaming up on a tech platform with Chinese connections. He really couldn't find anyone else to partner up?
No, this is why I went to great lengths doing this dig. The chinese connection is for launching the SPAC - which is purely a business deal, nothing to do with the actual tech platform.
You don't get to set up any company in China without the CCP's explicit approval. The fact that this guy had enough of an in with the CCP to set up a business there is troubling, even if it was for a different SPAC.
Its a company registered in Cayman Islands, but with HQ in China. Probably for this reason.
I'm out of the loop, been sick the past week.
Trump has a social Media?
Oh, buddy. You havemissed a LOT. Anons are eating caviar and smoking Cuban cigars thanks to Trumps social media SPAC, and you missed it all buddy :(
So yeah, Don Jr announced Trump's "Truth Social" - will have Beta in Nov and release in early 2022. As part of launching it they are doing SPAC instead of IPO. The company they used for SPAC - trades as DWAC, you should check it out.
It started at $10.0 and closed at $65 making a lot of us rich. I believe its not too late to jump on this train even now.
What is a good place to trade? I have never traded but want to get in on this.
TruthSocial. Set to launch next month it seems
Here is news from yahoo
Moneyman Behind Trump’s Media Company Runs a Firm in Wuhan
https://finance.yahoo.com/news/moneyman-behind-trump-media-company-233316506.html
LOL. I do a whole dig and lay it out and you send me a MSM hit piece.
Some of the nuggets from that article:
megakek
And this one is actually good info:
Seems like we can understand why Trump picked him. Trump had dealings with Deutsche Bank, and the way Meuller and his minions went after it made me think they were not deep state. Perhaps Trump knows Orlando to be clean. Infact I would bet he does.
No one should ever invest money they can't afford to lose
Whole heartedly agree.
Still dropping 10k into DWAC this morning.
Trump is suing social media including Fakebook and Twatter. Maybe they will lose and be devalued. Trump will now buy them all. Just hopeful projections.
BOOBS!!! now that youre reading, is DWAC just representing trump news network until they can pair them with a business company? Or is DWAC going to be representing TNN indefintely? thanks
Right now DWAC is just a shell - its empty, nothing in it. Once the merge happens, it represents Trump's company
Cool, cuz I just bought 10k worth. Paid over ten times what I'd have pd yesterday, but couldn't get it done due to work, where I made virtually no money yesterday LOL
Then trading was halted just now as I was among the last to purchase today....already lost over $1,500
LOL my stock tips: (a) get in late, and (b) lose money immediately
As the man himself likes to say: "We'll see what happens."
Honestly, it looks like someone is fucking with the share their usual way. I would say if you can afford to lose it, then hold it. If you cant afford to lose it, then its a different question. I believe once the fuckery is lifted it will shoot back. Infact the name of the ticker is an acronym related to this kind of fuckery - cant be a coincidence.