Truth Social founders sue TMTG over dilution (DWAC)
(www.forbes.com)
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Lawyer for them represented Hunter Biden.
Looks like we may have had some snakes in the grass and Trump knew it.
good info thanks.
Trump wasn't about to let these snakes have a big stake in his company and they are mad they got outed is my thinking.
Too early to say anything for sure and I had only heard the bit about Hunter's lawyer haven't confirmed myself.
But from what I can gather this appears to be the case.
Most of the big financial groups are nothing but snakes. The big hedgefund companies are the worst. They are what is driving all the diversity and inclusion bullshit.
Looks like they are just trying to slow the merger.
I don't think it will work, I bought more today.
I remember almost buying more a few months ago at 16 or so, but didn't pull the trigger. I have already invested a lot and didn't have the funds to add more at that moment. Wish I would have.
Warrants are still a decent value
I bought warrents today at 16.12 wish I had bought more already.
Buy Rumble. Trump's top attorneys are working there
Betting on a TMTG acquisition at some point.
I will take a look at it
Anyone who has dealt with any startup knows that unless you have specific anti-dilution clause, there is a very good chance that your shares will get diluted. And if you do have an anti-dilution clause, typically you have to shell out the money to maintain your stake as the valuation changes and new investment comes in.
Anyone know anything about the founders, they claim TMTG promised them 10% stake, at the last minute were diluted to 1% stake. I know dilution isn't uncommon, maybe they didn't protect themselves well enough. Any thoughts?
Sounds like it'll come down to whatever the contract says, and how much the judge hates Trump. 😁
concerned about the latter.
Especially with a Delaware court, after what a judge there just did to Elon; vetoing his compensation package that the Tesla board of directors approved.
Not going to work. This train has no breaks.