Kerrisdale capital has taken a short position against DWAC, you may have noticed the stock fell $7 the other day. Kerrisdale says DWAC doesn't have the "infrastructure necessary to function as a public company." (Oh really?)
https://www.kerrisdalecap.com/wp-content/uploads/2022/04/Digital-World-Acquisition-Corp-DWAC.pdf
Nunes announces " We have a new state of the art data center, separate from big tech platforms, and no one can cancel us."
https://rumble.com/v11vaex-nunes-gives-major-update-on-truth-social.html
Two key tech execs quit Truth Social after troubled app launch. Also, the SEC is investigating DWAC. (Oh no!!!)
Both techs have not responded for comment. (Most likely because they got shitcanned for screwing up the rollout)
The article also says "The SEC has not addressed the nature of the inquiry and did not respond to a request for comment" (You want to know why? Because its a bullshit investigation.)
After painting and doom and gloom picture the article says, "The deal is under scrutiny by the Securities and Exchange Commission and is likely months away from being finalized."
Do you see what the industry is trying to do? They are trying to sabotage DWAC and guess what, it isn't going to work.
You would have thought these hedge funds would have learned their lesson with GME and AMC. Right now the price of DWAC is a low $38.00, its time to scoop up some more shares dirt cheap. Lets send the stock price back up. I just purchaed another $1000 worth myself moments ago.
I do not have any doubt Trump will get this accomplished. All these hit pieces coming out is intended to dissuade investors. Do not listen to them. Lets take the bastards over at Kerrisdale on a expensive ride to the moon while we built up our new platform. Buy and hold!!!
I have about $25,000 invested in DWAC, DWACU & DWACW that I'm just considering gone because I'm not pulling out. As someone quoted on here once, "I consider ownership of those stocks as proof of patriotism". If they start rallying then so much the better!
No worries, you will get back in the green soon enough. The stock will take off even more once Trump+ gets up and running. I only have 90 of the class A, 40 units and 40 warrants, I only have $3000 invested. I look at my list of positions on Fidelity and they are all red. Lost almost $5000 in my 401K yesterday. Only thing up is my GME.
I imagine the 401K's will take a nosedive here in the near future. Once we go into a hyperinflationary period and the Federal Reserve is dismantled, the market and the people's retirements will get destroyed. I'm pretty sure Trump is working on a new reserve currency and when he is back in office things should take off. He keeps telling us, "I think the people will be very happy" . Well, the people won't be very happy if they lose half their retirement money so that tells me he has something planned.