Usually company insiders who have a been granted a big block of shares can't sell them immediately. Like you have to let the market establish itself. Or else you're prone to pump and dump schemes.
The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
Its a s/b 2 year holding period. Then you have to publicly file to sell these. After that you can only sell a certain percentage of the average daily trading volume under Rule 144.
If Trump gets that $5.6Bil he should say he won't pay any taxes on it because the government is corrupt. Think of how that would move 90% of the public to his side.
$5.6 billion is at $44 a share price. It hit $175 two days after it was announced, and that was on wishful thinking that it MIGHT get approved sometime in the future. Now that it is successfully approved, how will investors react?
And, it was formerly going to be ticker TMTG, now it’s going to be ticker DJT… how many people who have no interest in the market are going to suddenly want to be a part of that? His NFTs sell out in minutes, same with his sneakers, so let’s see what happens with the stock.
If it reaches the previous high of $175 then that would value Trump’s shares at over $22 billion 😳
Sooooo... my biggest question is how will Truth work in conjunction w/ Twitter? I'd love to see some kind of partnership. Perhaps not a formal merger or anything, but would love to be able to cross-pollinate to help Truth grow and become cash heavy.
Is there a lock up period?
Usually company insiders who have a been granted a big block of shares can't sell them immediately. Like you have to let the market establish itself. Or else you're prone to pump and dump schemes.
Like the bond is coming up pretty fast.
Not sure. But DJT said he already has the bond. And having this asset will open up other avenues for cash if needed.
I just saw that.
I wonder what changed.
Last week they said they couldn't swing it.
Look weak when you are strong
-Sun Tzu
Part of the script.🤷♀️
I've read it's 6 month lock up.
Lock up just means he cannot sell. I imagine e that he can pledge the shares...
It's very common.
The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
It people like Jef bezos. Or Bill gates.
They just borrow against their shares until they die, then the loans are paid off and income taxes are not due after your death.
I'm getting ready for work, I'll look and see if I find a link later.
Oh please do if you get the chance, fren.
Take loans against then...
Thanks
By the if you own DWAC, pay attention to it. My uncle has some Trump stock years ago.
Yes I have a lot of warrents. I follow it closely.
6 months
Its a s/b 2 year holding period. Then you have to publicly file to sell these. After that you can only sell a certain percentage of the average daily trading volume under Rule 144.
It can be collateralized.
The stock or the bond?
Because they told the court bond companies were refusing their collateral.
If Trump gets that $5.6Bil he should say he won't pay any taxes on it because the government is corrupt. Think of how that would move 90% of the public to his side.
Not only that but Trump would never lack for anons willing to donate money to help him be our president
$5.6 billion is at $44 a share price. It hit $175 two days after it was announced, and that was on wishful thinking that it MIGHT get approved sometime in the future. Now that it is successfully approved, how will investors react?
And, it was formerly going to be ticker TMTG, now it’s going to be ticker DJT… how many people who have no interest in the market are going to suddenly want to be a part of that? His NFTs sell out in minutes, same with his sneakers, so let’s see what happens with the stock.
If it reaches the previous high of $175 then that would value Trump’s shares at over $22 billion 😳
God wins.
The trick is to make near or illiquid assets liquid.
Interestingly, in the crypto world there are numerous options for it.
Sooooo... my biggest question is how will Truth work in conjunction w/ Twitter? I'd love to see some kind of partnership. Perhaps not a formal merger or anything, but would love to be able to cross-pollinate to help Truth grow and become cash heavy.
Saw this early today. No one is talking about it. Is it real ?
Trump posted on TS he has the money ?
https://www.thegatewaypundit.com/2024/03/breaking-trump-makes-stunning-announcement-about-bail-money/
Great job CNBC. Now to the Rothschilds
How much is 5 billion Pennies?
$33.8M
Im sure they are all crying so loudly