General Chat for Tue, Sep 06 - The Great Awakening

General Chat for Tue, Sep 06

posted 2 years ago by bubble_bursts 2 years ago by bubble_bursts +134 / -0

What is this thread all about?

Just a place for general discussion. A place to unload whats on your mind and talk about anything - personal, health, help needed, achievements, daily highs and daily lows, theories, predictions and what have you.

Does not need to be Q related.

Yesterdays General Chat

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– SOTUisFUBAR 3 points 2 years ago +3 / -0

Searching looks inconclusive, saying "unlikely", and "reportedly". Doesn't look like there's anything concrete as of yet...

I am thinking I might sell my DWACW today and buy a few more DWAC just to be safe lol

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– MAG768720 2 points 2 years ago +2 / -0

It is NOT "inconclusive." It is concrete.

Digital World needs 65% of its shareholders to vote in favor of the proposal. Far fewer Digital World shareholders than those required have voted in favor, Reuters reported on Monday.

Digital World is set to liquidate on Thursday and return the money it raised in its September 2021 initial public offering to shareholders unless action is taken.

https://finance.yahoo.com/news/trump-media-deal-suffers-blow-162043540.html

Do NOT be a deer in headlights. You all have a decision to make NOW.

(1) Get out now, or

(2) Stay in, and hope that action is taken by the company before Thursday to buy more time ... AND ... enough shareholders can be convinced sometime in the next year to vote in favor ... AND ... the merger happens ... AND the stock price heads up from there.

IF the company liquidates on Thursday (I have no idea if it will or not), THEN will it have enough money to pay shareholders an equivalent of what the share price is right now if the stock is sold on the open market?

Answer: No. It will have less than $10 per share to pay out. Do the math.

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– SOTUisFUBAR 3 points 2 years ago +3 / -0

Digital World is set to liquidate on Thursday and return the money it raised in its September 2021 initial public offering to shareholders unless action is taken.

I wouldn't write it off quite yet, I'm betting on Trump's track record. Phuck it, I'm going down with the ship...

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– MAG768720 -1 points 2 years ago +2 / -3

Trump has no say in the matter -- unless he is a shareholder (which I doubt).

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– SOTUisFUBAR 4 points 2 years ago +4 / -0

If you're on TS you should look at some comments hash tagged #DWAC

https://truthsocial.com/tags/DWAC

https://truthsocial.com/tags/DWAC_Stock

I wouldn't place to much faith in Yahoo and MSM...

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– SOTUisFUBAR 2 points 2 years ago +2 / -0

I didn't say Trump does, but this is a Trump venture.

While it’s clear that DWAC may be struggling to get enough votes to pass (likely due to the high concentration of retail holding the name), don’t be surprised if the sponsor bites the bullet and pays up for the extension rather than letting the SPAC liquidate. With DWAC shares ~$23, a $10 liquidation would likely cause pain for the majority of stockholders.

https://www.boardroomalpha.com/spac-daily-dwac-extension-vote-looms/

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... continue reading thread?

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