The shareholder vote, tentatively scheduled for September 6th, 2022, is to extend the deadline to complete the business combination by one year from September 8, 2022 to September 8, 2023.
As many of you know, the SEC is trying to screw DWAC and TMTG by a phony investigation. As these investigations take time, the companies need more time to complete the business merger.
What does this mean: If the vote does not pass, the business merger will not pass and the shares will all be liquidated. This would be bad. We need this vote to pass.
Shareholders will get cards to vote by mail sometime in the next month. I recommend filling these out incase you cannot be present on September 6th during the live vote. Make sure your mailing address is up to date. Otherwise you can vote on September 6th at the shareholder meeting as long as you have your shareholder access code.
TLDR: Any shareholder of DWAC needs to vote in favor of extending the deadline for the business combination between DWAC and TMTG or else the deal is dead.
See here for full details: https://www.sec.gov/Archives/edgar/data/1849635/000119312522213753/d386906dpre14a.htm
Sure they could merge on schedule, they are choosing not to do so.
But knowing where this is going it 'may' be time to sell, take profits then buy back in again when they tank the price leading up to this vote.
Many of us who hoped Truth would be more honest than the Gabs and Twitters are kinda bummed about the product anyhow, it datamines and forces people to turn off VPNs to enter, just isn't the free speech platform we hoped for.
Maybe this is a trial and they, Trump et al, want it dissolved? A clean break... 'We tried but the SEC got in the way, next time we'll be better because of what we learned'.
Sure they 'could' merge on schedule, someone just doesn't want to.
If it folds there will be lawsuits for sure, maybe 'that' is also part of the SEC thinking, let DWAC destroy itself.
I've always used VPN when using TS. Never had a problem.
For those concerned about being data mined, you already are. If you own or do any of the following you are being data mined and you are already in "the database".
Own a phone, computer, home, vehicle, use credit cards, pay utilities, own guns, vote, belong to any organizations, buy groceries, travel, use any services, have smart devices of any kind, and on and on.
There is no getting out of the database. We're all in it.
Rather than fighting to stay out of it, we need to fight from within.
You give up relatively no privacy at all by joining Truth Social, because they already know who you are.
Exactly, but they also make sure the other people on Truth are who they say they are. No Bots has a price.
Perhaps there is a good reason they want to delay the merger.
I hope so, I'm still willing to believe this is about something larger than simple companies.
Don’t you think Trump knew his followers would throw in their life savings into DWAC? You think the plan was to dissolve the merger and all investors lose money?
No, of course I do not think Trump thought his followers would bet the farm on DWAC, hells no.
And of course I don't think the plan was fraud, but maybe a trial run or pogey bait, a phishing expedition. People were given 'several' opportunities to make money with DWAC, that's why it did the up and downs so initial investors could cash out, recoup Capital and buy back in if they wanted to do so.
Maybe. That would also give Truth a chance to make mistakes, to learn how to be a social media company before rolling out the actual product.
People forget or didn't know but government created facebook, the Lifelog project, they tweaked it and made it the spying machine it is, disguised as a social toy. Congress made them quit doing that, they then gave it to Zuckerberg but kept the backdoors obviously.
Truth didn't have that support and nurturing, has to grow by itself, maybe it needed Beta testing. Truth made some mistakes and by now the investors have their money back, maybe that influences the desire to delay merging some too.
Happens with Proton and Nord but maybe so, altho you're the first person who has said they waltz in wearing a VPN, everyone else I've discussed it with has the same issue.
But maybe, I've tried a couple different browsers and VPN combos, no dice.
I use Truth with PIA. I couldn't connect once but I changed VPN servers and got connected again.
I've tried changing VPN servers but haven't tried PIA, maybe I'll give that a whirl.
Couple days ago a cable truck was up the road and somehow switched me to a server in Ukraine, then about 1 minute later we lost service completely for a couple hours. I always use a US server but a couple times I've been switched overseas, usually SE asia.
Thanks, might try them.