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!!!
Will get some more shares when market opens. Hodl. Have 100 Dwac and 100 dwacw.