I was reading about the suit and honestly the SEC seemed to have grounds for it. Sounds like part of being a SPAC is you aren't supposed to discuss specific investment targets beforehand. Likely invalidates the classification.
Feels like "insider traders" were sleepers waiting to intentionally violate SEC rules to sabotage the merger. This is an age old WallStreet sabotage play where those that want to sabotage actually pay the "insider traders" ahead of time to violate the rules, and then convince the SEC to let the actual perpetrators off with a slap on the wrist, but a big fine and poor optics and headlines for the Corp.
Based on timing, my intuition, and a couple other of the Executives that got outed and fired as traitors and saboteurs. Note that the insider trading issue never was an issue until exactly when they were trying to do the merger. Looks like "planted sleeper with timed fuse" classic infiltration and sabotage play.
Yes, this one appears to be for Trump Media Group (Truth Social) first, but it is possible that it is not the only target. SPACs allow one to get all the public stock filings, disclosures, etc. all done as a "blank check" so the operations of any potential candidate can be separated from the management of the listing and the SEC interface hassle. It appears that the whole "Digital World" is fair game after the Truth Social merger is completed.
Trump Media Group appears to be planning additional ventures, and they could do small acquisitions to kick start those ops that would be all held within the holding company.
A publicly traded holding company to raise capital via the stock market to then acquire other public companies or private companies to do an industry consolidation/rollup/reorganization is what the Deep State and globalists have been doing for decades. They (SEC) apparently are wary of it being deployed against their own assets.
Did they reach an agreement? Or were they told what they must do? Who is really in control?
Right this second? TMTG
Big picture? Hopefully TheDonald
I was reading about the suit and honestly the SEC seemed to have grounds for it. Sounds like part of being a SPAC is you aren't supposed to discuss specific investment targets beforehand. Likely invalidates the classification.
Feels like "insider traders" were sleepers waiting to intentionally violate SEC rules to sabotage the merger. This is an age old WallStreet sabotage play where those that want to sabotage actually pay the "insider traders" ahead of time to violate the rules, and then convince the SEC to let the actual perpetrators off with a slap on the wrist, but a big fine and poor optics and headlines for the Corp.
Based on timing, my intuition, and a couple other of the Executives that got outed and fired as traitors and saboteurs. Note that the insider trading issue never was an issue until exactly when they were trying to do the merger. Looks like "planted sleeper with timed fuse" classic infiltration and sabotage play.
I read some more on SPAC structure and they're kinda nuts. Really hard to imagine anyone wanting to create one without specific targets in mind...
Yes, this one appears to be for Trump Media Group (Truth Social) first, but it is possible that it is not the only target. SPACs allow one to get all the public stock filings, disclosures, etc. all done as a "blank check" so the operations of any potential candidate can be separated from the management of the listing and the SEC interface hassle. It appears that the whole "Digital World" is fair game after the Truth Social merger is completed.
Trump Media Group appears to be planning additional ventures, and they could do small acquisitions to kick start those ops that would be all held within the holding company.
A publicly traded holding company to raise capital via the stock market to then acquire other public companies or private companies to do an industry consolidation/rollup/reorganization is what the Deep State and globalists have been doing for decades. They (SEC) apparently are wary of it being deployed against their own assets.
This why I am a bit worried.
Did the deep state get to the Truth Social leadership and subvert them?